Invest with your faith

The Unitarian Universalist Common Endowment Fund is a diversified investment fund seeking current income and long-term investment returns through portfolio allocation and professional asset management with UU socially responsible investing goals.

UUCEF News

Fund Performance

Period Ending
9/30/2014
Net Asset Value
$7.3682
Last Month-2.5%
1 year6.8%
3 years10.6%
Ending Market Value$187,143,809
Expanded Summary Table

October Monthly Commentary

Markets experienced a turbulent ride in October but wound up in a familiar place by month end with domestic equities…

View UUCEF Performance Reports

View November Investor Call Materials

November Investor Conference Call (MP3)

Why Invest with the UU Common Endowment Fund?

Well-Managed and Efficient

The Fund is under the oversight of the Board and the Investment Committee who selects professional outside advisors and Investment Managers. Collectively, these groups and individuals work to set investment policies, determine asset allocation targets, select and monitor investment managers and regularly rebalance the Fund to maintain its strategic asset allocation targets.

Simplify a Challenging Responsibility

When managing an endowment, UU Congregations face an increasingly complex set of challenges. Establishing investment policies, implementing an asset allocation strategy, selecting investment advisors or managers, rebalancing the portfolio, monitoring performance and, controlling costs are but a few examples of the challenges that must be met and with each comes its own risks. The UUCEF manages all of these challenges and more. So why not invest your endowment in the UUCEF and transfer the responsibilities to a team of UUA committee members, staff and outside professional managers and advisors and take advantage of a comprehensive approach already in place?

Invest With Your Values

When a UU Congregation becomes an investor in the UUCEF, its voice is amplified by joining with other investors in the Fund, to the extent that the assets are directly managed on behalf of the UUA or in certain selected investment vehicles that apply SRI criteria in selecting their investments. We believe this gives UU Congregations an opportunity to have a more powerful and wide-ranging impact on corporate behavior and other issues of deep concern to Unitarian Universalists. Currently 72% of the UUCEF is managed by firms that apply Environmental, Social, and Governance (EGS) criteria or that screen out certain industries.

Socially Responsible Investing at the

Socially Responsible Investing (SRI) is ensuring that our investments are aligned with our values. The UUA has been strongly committed to SRI for over forty years. Our commitment springs from our faith, and from our deep conviction in the dignity of all human beings.

SRI Strategies

Shareholder Activism
Proposing and representing resolutions at annual stockholder meetings to encourage companies to adopt policies consistent with your values.
Proxy Voting
Using your shareholder voting power to vote on important issues of corporate governance, and proposed shareholder resolutions, through the annual proxy voting process.
Investment Screening
Trying to avoid doing unnecessary harm, such as by avoiding investments in companies that are serious polluters, employ sweatshops, or have racist or sexist policies.
Community Investment
Setting aside some portion of funds, often 1%, to be invested in local businesses that generate jobs and opportunities in addition to an attractive return.

"The staff of the finance office serves our investing congregations with excellent client service, timely reporting, and a robust website that has a rich array of resources about the Common Endowment. Our goal is to bring a high degree of professionalism to the management of the Common Endowment that includes regular rebalancing, rigorous accounting, audits by an outside firm, custodial banking, and legal oversight."

Tim Brennan
UUA Treasurer

"One of the most important services the UUA offers is the Common Endowment Fund. I have seen the difficulties and risks of managing a small endowment in a congregation. Financial expertise and fiduciary responsibility are often difficult to obtain within a congregation, as is knowledge of socially responsible investing techniques and principles. I believe that the UU Common Endowment Fund provides a strong option for all of our congregations."

Peter Morales
UUA President

"The UUA Board has recruited a strong Investment Committee to provide oversight and insight for the UU Common Endowment Fund. All members of the Investment Committee have fiduciary as well as institutional investment experience, many with renowned investment firms and all over decades. Our role is to consider and set return and risk parameters for the overall portfolio, which creates a basis for determining asset allocation. The Investment Committee works closely with the Socially Responsible Investing Committee to view every investment through a UU values lens. Our goal is to perform consistently above the median of endowments with similar asset sizes and risk parameters, which will keep our fund in the top quartile of similar endowments over the long term. "

Carol McMullen
Chair, Investment Committee

"The UUCEF thoroughly integrates UU values into its investment of denominational and congregational assets. We have a long track record of passionate and effective shareholder activism on LGBT rights, climate change, corporate political contributions, and other issues. We invest in microfinance and lower-income communities, exclude irresponsible businesses from our portfolio, and use our proxy votes to advocate for change. We are also a progressive voice within the financial community, insisting that all the managers we hire explain their approach to social and environmental issues."

Kimberly Gladman
Co-Chair, Socially Responsible Investment Committee