U.S. Equity Index Fund (USEIF)

Fund Availability

USEIF is only available to institutional investors.
 

Fund Objective, Strategy and Holdings

The U.S. Equity Index Fund (USEIF) shall invest in a portfolio of common stocks as represented by the Russell 3000® index.

Management

Blackrock is the primary sub-adviser of USEIF. The Fund employs a passive investment strategy. The performance Benchmark for USEIF is the Russell 3000® index.

Asset Managers

* Signatory to the United Nations Principles for Responsible Investment

 

Performance Review

The U.S. Equity Index Fund (USEIF) is a passively managed fund designed to closely match the fund benchmark, less fund operating expenses.

 

Performance, Net of Fees - June 30, 2017

  3 mo YTD 1 yr 3 yr 5 yr 10 yr
U.S. Equity Index Fund
2.74%
8.36%
17.74%
N/A
N/A
N/A
Benchmark
3.02%
8.93%
18.51% N/A
N/A
N/A
 
 

See Risks and Disclosures for more information regarding fund performance.

 

Fund Characteristics as of June 30, 2017

  USEIF1 USEIF Benchmark
Wgt. Mkt. Cap ($MM) $140,190 $140,233
Price/Earnings 25.3 25.9
Price to Book 2.7 2.7
Dividend Yield2 1.8% 1.8%
# of Stocks 2,338 3,000

1 Reflects the portion of the portfolio that is invested in public equities and REITs.
2 Does not reflect the deduction of fees.
 

Holdings as of June 30, 2017

Top 10 Stock Holdings

Company % of
Portfolio
Apple Inc. 3.0%
Alphabet, Inc. 2.2%
Microsoft Corporation 2.1%
Amazon.com, Inc. 1.5%
Johnson & Johnson 1.4%
Facebook Inc. 1.4%
Exxon Mobil Corporation 1.4%
JPMorgan Chase & Co. 1.3%
Berkshire Hathaway Inc. 1.3%
Wells Fargo & Co. 1.0%

 
Complete list of fund holdings PDF file


Sector Weightings as of June 30, 2017

USEF_chart3
 

Expense Ratio

For 2016, USEIF’s expenses were equal to approximately 0.34% of the Fund’s total assets.

Risk and Disclosures

All investments carry some degree of risk that will affect the value of the Fund’s holdings, its investment performance and the price of its units. As a result, loss of money is a risk of investing in the Fund. USEIF is subject to the following principal investment risks: market risk, investment style risk, security-specific risk, country risk, currency risk, derivatives risk and liquidity risk.

For further discussion of the Fund’s investments strategies and risks, please refer to "Principal Investment Strategies and Principal Investment Risks of the Funds — US Equities Index Fund" in the Wespath Investment Funds Description.

 

Lending of Portfolio Securities

The Fund seeks to earn additional income by lending a portion of its portfolio securities to brokers, dealers and other financial institutions. The loans are secured at all times by cash and liquid high-grade debt obligations. As with any extension of credit, there are risks of delay in recovery and in some cases even loss of rights in the collateral should the borrower fail financially. In addition, losses could result from the reinvestment of the cash collateral received on loaned securities.

The Fund generally does not invest in companies that derive more than 10% of their revenue from gambling or from the manufacture, sale or distribution of alcoholic beverages, tobacco-related products, adult entertainment, weapons, or the management or operation of prison facilities.

 

Fund Facts

Inception December 31, 2014
Exp. Ratio 0.34% for 2016
Benchmark Russell 3000® Index
Assets $0.19 Billion as of August 31, 2017
Holdings (PDF) June 30, 2017
Holdings (XLS) August 31, 2017
Unit Price History Wespath Funds Price History
For More Information Investment Funds Description
 

Fund Managers

brian_boyer

Brian Boyer, CFA

Director, Equities
With Wespath since 2003
B.A. and B.E. from Dartmouth College
MBA from The Wharton School at the University of Pennsylvania
CFA Charterholder
  
mark_warren

Mark Warren, CFA, CIMA

Manager, Public Equities
With Wespath since 2015
B.S. from Purdue University
CFA Charterholder
CIMA Certification
 
 
©2017 Wespath Investment Management, a division of Wespath Benefits and Investments, a general agency of The United Methodist Church. All Right Reserved.