Ministry Growth Fund investment performance and total Ministry Growth Fund market value information is available below.
| As of June 30, 2024 |
Ministry Growth Fund Investment Portfolio1 |
Fund Benchmark |
| Q2 2024 | 1.9% | 1.8% |
| YTD 2024 | 6.4% | 6.1% |
| 1 Year |
12.0% | 11.4% |
| 3 Years |
2.6% | 2.6% |
| 5 Years |
7.0% | 6.9% |
| 7 Years |
6.6% | 6.9% |
| 10 Years | 5.8% | 6.3% |
| Since Inception, 7/1/99 |
5.0% | 5.3% |
| Total Ministry Growth Fund Market Value2 = | $1,071,799,919 | |
| Ministry Growth Fund Unit Value3 = | $1,493.97 | |
| Ministry Growth Fund Benchmark: Target Weighted Benchmark4 | ||
1Returns are calculated assuming reinvestment of dividends and income plus capital appreciation. Performance for periods greater than one year is annualized. Underlying returns were provided by the fund's respective managers. Investment returns do not account for cash deposits between monthly valuation dates and operating cash. Starting July 1, 2017, the investment results presented here reflect historical net performance after deducting both investment management fees and expenses, as well as the ELCA Foundation's administrative fee of 60 basis points (0.60%). The target-weighted benchmark also includes this 60 basis points administrative fee to ensure a direct comparison of investment performance. Prior to July 1, 2017, the ELCA Foundation's administrative fee was an all-inclusive 100 basis points (1.00%), covering both investment management and administrative fees and expenses. For this earlier period, the administrative fee was estimated at 70 basis points (0.70%) and was deducted from the target-weighted benchmark. Past performance is not a guarantee of future results. Refer to the Disclosure Statement for total fees and expenses.
2Market value consists of the value of the investments, cash deposits between monthly valuation dates, operating cash, and liabilities.
3Unit value is calculated using Total Ministry Growth Fund Market Value.
4The Target-Weighted Benchmark is composed of: Russell 3000 (33.6%), MSCI ACWI xUSA IMI (22.4%), Bloomberg U.S. Aggregate (8%), Bloomberg U.S. High Yield Ba/B 1% Issuer Cap (5%), FTSE EPRA Nareit Developed Index (2%), HFRX Global Hedge Funds (5%), S&P Global Infrastructure (5%), Cambridge U.S. Private Equity (15%), and the FTSE 90 Day T-Bill (4%) indices. Target Benchmark allocation is static and based on the strategic asset allocation approved by the ELCA Foundation Board of Trustees effective as of April 1, 2024. Please refer to the Quarterly Report available on in this webpage for historical benchmark information.
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