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.


Blackrock is the 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 as of September 30, 2018

The U.S. Equity Index Fund is a passively-managed fund designed to closely match the fund benchmark, less fees and expenses. Ethical exclusions positively impacted benchmark-relative performance year-to-date.


Performance, Net of Fees - September 30, 2018

  3 mo YTD 1 yr 3 yr 5 yr 10 yr
U.S. Equity Index Fund
USEIF Benchmark
17.58% 17.07%

See Risks and Disclosures for more information regarding fund performance.


Fund Characteristics as of September 30, 2018

  USEIF1 USEIF Benchmark
Wgt. Mkt. Cap ($MM) $208,539 $207,183
Price/Earnings 22.4 23.0
Price to Book 2.9 2.8
Dividend Yield2 1.7% 1.7%
# of Stocks 2,264 3,024

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

Risk Characteristics as of September 30, 2018

Statistics USEIF Benchmark
Beta 1.00 1.00
R-Squared 1.00 1.00

Holdings as of September 30, 2018

Top 10 Stock Holdings

Company % of
Apple Inc. 3.6%
Microsoft Corporation 2.9%
Amazon.com, Inc. 2.7%
Alphabet, Inc. 2.4%
Berkshire Hathaway Inc. 1.4%
JPMorgan Chase & Co. 1.3%
Facebook Inc. 1.3%
Johnson & Johnson 1.3%
Exxon Mobil Corporation 1.2%
Bank of America Corp. 1.0%

Complete list of fund holdings PDF file

Sector Weightings as of September 30, 2018


Expense Ratio

For 2017, USEIF’s expenses were equal to approximately 0.38% 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.

Historical returns are not indicative of future performance. For further discussion of the Fund’s investments strategies and risks, please refer to "Principal Investment Strategies and Principal Investment Risks of the Funds — U.S. Equity Index Fund" in the Wespath Investment Funds Description. This is not an offer to purchase securities. Offers will only be made through the 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 0.38% for 2017
Benchmark Russell 3000® Index
Assets $0.10 Billion as of October 31, 2018
Holdings (PDF) September 30, 2018
Holdings (XLS) November 30, 2018
Unit Price History Wespath Funds Price History
For More Information Summary Prospectus (USEIF) and Investment Funds Description (All Funds)

Fund Managers


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, CFA, CIMA

Manager, Public Equities
With Wespath since 2015
B.S. from Purdue University
CFA Charterholder
CIMA Certification
©2018 Wespath Investment Management, a division of Wespath Benefits and Investments, a general agency of The United Methodist Church. All Right Reserved.