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Equity Managers

The United Methodist Foundation of Western Pennsylvania maintains two funds, the Unified Balanced Account and the Fixed Fund, that provide investors with the ability to achieve investment objectives that best meet their specific financial needs. To do so, we work in concert with highly respected investment firms. In both funds, safety of principal is an underlying objective.

The Unified Balanced Account, established in 1973, is a balanced fund with assets in investment-grade bonds and large-cap, mid-cap, and small-cap stock, as well as a modest exposure to international companies that comply with the Social Principles of The United Methodist Church. Its primary objective is the long-term growth of capital, with current income as the secondary objective. This fund follows a total-return approach, and annually establishes a percentage pay-out based on the market value of the previous twelve quarters.

Following is a current (December 2010) list of investment firms with a role in the Unified Balanced Account.

Large-cap managers

  • Brandywine
  • Atalanta Sosoff
  • Neuberger Berman
  • iShares Russell 1000 Growth

Small-cap and mid-cap managers

  • iShares Russell Mid Cap Value
  • T. Rowe Price
  • Keeley
  • Royce

International equity managers

  • EuroPacific
  • Harbor International

Fixed-income managers

  • Loomis Sayles
  • Blackrock
  • PIMCO

The Fixed Fund, established in 1987, invests solely in fixed-income securities such as U.S. Treasury Notes and Bills, U.S. agency debt obligations, investment-grade corporate bonds, mortgages, other asset-backed securities, and various money market investments. Its primary objective is to provide the highest level of current income, concurrent with providing minimum fluctuation of the principal value.

As of December 2010, the Fixed Fund manager is PIMCO.

Two valuable consultants aid the Foundation in carrying out our funds management responsibilities.

  • UBS serves as custodian for all of our securities. Their electronic reporting enables our investment professionals to manage the accounts in real-time.
  • Yanni Partners provides a quarterly review of the investment performance of our funds and monitors the compliance of the managers of our funds to the adopted Funds Management Policy.

The Foundation also has retained the firm of Sherrard, German & Kelly, P.C. as its legal counsel, and the accounting firm of KFMR Katz Ferraro McMurtry, P.C. to provide an annual independent audit.

Working in combination with these professional firms enables the Foundation to make the high-quality decisions necessary to assure a successful funds management approach for our clients.

 
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