U.S. Equity Index Fund
The U.S. Equity Index Fund (USEIF) shall invest in a portfolio of common stocks as represented by the Russell 3000® index.
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.
The following individuals are responsible for the selection and monitoring of external asset managers:
Mark Warren, CFA, CIMA
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.
* Signatory to the United Nations Principles for Responsible Investment
Please refer to the Investment Funds Description – P Series for a detailed description of the investment strategies used in managing the Fund.
|Inception||December 31, 2014|
|Exp. Ratio||0.29% for 2019|
|Benchmark||Russell 3000™ Index|
|Fund Assets||$62 Million as of September 30, 2020|
|Holdings||June 30, 2020 - PDF and September 30, 2020 - Excel|
|Unit Price History||Wespath Funds Price History|
|For More Information||Investment Funds Description – P Series|
|3 mo||YTD||1 yr||3 yr||5 yr||10 yr|
|U.S. Equity Index Fund||9.25%||5.64%||15.37%||11.78%||13.51%||-|
See Risk and Disclosures for more information regarding Net of Fees Performance.
The U.S. Equity Index Fund performance benchmark is the Russell 3000 Index. The index measures the investment performance of the 3,000 largest (based on total market value) U.S. companies, representing approximately 98% of the publicly traded companies available for investment in the U.S. equity market.
|Style||USEIF Actual (%)||USEIF Benchmark (%)||Difference (%)|
|U.S. Equity Securities||99.6%||100%||-0.4%|
|Large Cap Core||20.9%||20.9%|
|Large Cap Growth||28.8%||28.8%|
|Large Cap Value||20.3%||21.2%|
|Mid Cap Core||6.5%||6.6%|
|Mid Cap Growth||5.2%||5.1%|
|Mid Cap Value||12.7%||11.8%|
|Small Cap Core||1.4%||1.6%|
|Small Cap Growth||2.0%||2.2%|
|Small Cap Value||1.8%||1.8%|
|Wgt. Mkt. Cap ($MM)||$330,886||$328,429|
|Price to Book||3.3||3.3|
|# of Stocks||2,126||3,009|
1Reflects the portion of the fund portfolio that is invested in public equities and REITs.
2 Does not reflect the deduction of fees.
|Statistics (trailing 5 years)||USEIF||USEIF Benchmark|
|Company||% of Portfolio|
|Berkshire Hathaway Inc.||1.2%|
|Johnson & Johnson||1.2%|
|JPMorgan Chase & Co.||1.0%|
|Proctor & Gamble Company||0.9%|
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 the Investment Funds Description – P Series. This is not an offer to purchase 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.
For 2019, USEIF’s expenses were equal to 0.29% of the Fund’s total assets.