Fund Performance—Quarter-end

Month-end | Quarter-end | Calendar Year

The information presented below reflects the actual performance achieved by UMC Benefit Board, Inc. and Wespath Institutional Investments LLC (collectively, the “Advisers”) in managing substantially similar investment strategies (each, a “Composite,” and collectively, the “Composites”). Each Composite is comprised of all accounts managed by Advisers following the respective strategy over the periods presented. The investments of accounts that comprise the Composites may vary substantially from those in the identified benchmark. The benchmarks are based on broad-based securities market indices which are unmanaged and are not subject to fees and expenses typically associated with investment funds. Investments cannot be made directly in an index. Additional information about the Composites is available upon request.

The Advisers believe that it is appropriate to reflect the combined performance of the Advisers in this manner because the Advisers manage substantially similar investment strategies on behalf of different universes of clients using shared investment personnel, processes, research and systems. Presentation of the Composites in this manner provides investors with a broader, more meaningful presentation of performance of the strategy than the performance of a single adviser would.


Wespath Strategy Composite Performance, Net of Fees (as of 12/31/2018) 1

 
Annualized Returns
 
Strategy Composites3
Three
Months
Year-
to-Date
One
Year
Three
Years
Five
Years
Ten
Years
Since
Inception4
Assets
(millions)
Fixed Income Composite 0.39% -1.10% -1.10% 3.68% 2.64% 5.23% 5.29% $5,971
Fixed Income Composite Benchmark(3) 0.89% -0.63% -0.63% 2.83% 2.78% 4.45% 4.89%
Inflation Protection Composite -1.45% -2.17% -2.17% 3.23% 1.41% 3.84% 3.52% $1,957
Inflation Protection Composite Benchmark(3) -0.22% -1.49% -1.49% 4.33% 3.11% 4.27% 4.27%
International Equity Composite -11.42% -13.78% -13.78% 6.07% 0.99% 7.99% 5.82% $4,721
International Equity Composite Benchmark(3) -11.88% -14.76% -14.76% 4.39% 0.85% 6.97% 4.57%
Multiple Asset Composite -8.94% -6.14% -6.14% 6.28% 4.02% 8.75% 6.62% $6,414
Multiple Asset Composite Benchmark(3) -8.44% -6.47% -6.47% 5.90% 4.48% 8.88% 6.30%
Short Term Investment Composite 0.46% 1.62% 1.62% 0.99% 0.62% 0.49% 1.36% $235
Short Term Investment Composite Benchmark(3) 0.56% 1.87% 1.87% 1.02% 0.63% 0.38% 1.33%
U.S. Equity Composite -15.54% -5.48% -5.48% 8.12% 6.98% 12.12% 6.50% $6,032
U.S. Equity Composite Benchmark(3) -14.30% -5.24% -5.24% 8.97% 7.91% 13.18% 6.76%
U.S. Equity Index Composite -14.17% -4.99% -4.99% 8.71% - - 6.42% $97
U.S. Equity Index Composite Benchmark(3) -14.30% -5.24% -5.24% 8.97% - - 6.78%
U.S. Treasury Inflation Protection Composite -0.49% -1.74% -1.74% - - - 0.35% $690
U.S. Treasury Inflation Protection Composite Benchmark(3) -0.49% -1.48% -1.48% - - - 0.54%

1 The performance shown is for the stated time period only. Historical returns are not indicative of future performance.

Investment performance is presented net-of-fees—that is, with the deduction of external investment management fees, custody fees, and administrative and overhead expenses.

The investments of the Funds and Composites may vary substantially from those in the applicable benchmark. The benchmarks are based on broad-based securities market indices, which are unmanaged and are not subject to fees and expenses typically associated with investment funds. Investments cannot be made directly in an index.

This chart was produced using data from sources believed to be accurate. All information is presented as of December 31, 2018 unless otherwise noted.

2 Please refer to the Investment Funds Description - I Series for more information about each Fund. This information is for informational purposes only and is not an offer to purchase securities. Wespath investment funds are neither insured nor guaranteed by the government.

3 Please see here for a description of each Fund benchmark, Strategy Composite and Composite benchmark.

4 The inception dates for the Wespath Strategy Composites are as follows:

  • Inflation Protection Composite—January 5, 2004
  • Multiple Asset Composite—April 30, 2002
  • Short Term Investment Composite—April 30, 2002
  • U.S. Equity Index Composite—December 31, 2014
  • U.S. Treasury Inflation Protection Composite—June 30, 2017
  • For all other Wespath Strategy Composites—December 31, 1997
 

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