UCF 2018 JO 3

Investing with a Mission: Performance Beyond the Numbers 2018 Annual Report

United Church Funds (UCF) supports our clients’ missions and generates outstanding values-aligned investment performance.

Our vision is investment that creates a just world for all.

United Church Funds (UCF) was established in 1909 to administer the Pilgrim Memorial Fund for the benefit of retired pastors and has since evolved into a full-service investment manager with over $xx million in assets under management. For more than 100 years, UCF has been supporting the missions of churches, ministries and faith-based organizations by offering: • Faith-based investing and endowment solutions • Diversified funds that span the spectrum of risk and return • Competitive performance and attractive fee structures • Non-profit setting, values-aligned and commitment to improving the world

President’s Letter

3

UCF in Years

4

Investment Commentary

5

Investment Performance

9

Picture

11

Values-Aligned Investing

13

SDG

16

UCF and SDG

17

Clients

18

New Clients

19

Board of Directors

20

Staff

21

Selected Financial Information

22

United Church Funds is pleased to report on another positive year for our clients and partners.

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Donald G. Hart President

PR E SIDE NT ’S L E T T E R

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United Church Funds 475 Riverside Drive, Suite 1020 New York, NY 10115 877-806-4989 ucfunds.org

@UCFunds /ucfunds /united-church-funds