The UUCEF Adds Index Funds and Reduces Manager Fees, Maintaining UU Values Alignment
Here are two visuals that tell a strategic story about the UU Common Endowment Fund (UUCEF). The first shows actively managed vs. passive passively managed fund allocations over time (excluding cash, community investments, and private markets). “Passive” here means index-replicating strategies, or “index funds” in common terms (chosen with screens to align with UUCEF values guidelines), while “active” are managers who actively own, buy and sell investments (in most cases also with UU values aligned screens). The second displays the overall UUCEF weighted-average manager fee over time, using the final annual ratio reported each fiscal year (FY2019–FY2025).
Chart 1 helps UUCEF investors see how the balance between active and passive has evolved—for example, the Fund has leaned more into values-aligned index exposures over recent years, reducing active security-selection. Not shown in this chart; most of this shift occurred in US large company stocks, where the majority is now passively managed. Chart 2 of the weighted average manager-fee for the UUCEF, in part reflects the shift toward the lower-cost passive mandates shown on chart 1.
Bottom line: these charts show the Fund’s ongoing calibration between values-aligned indexing and targeted active management, and a disciplined fee trajectory—a combination that, if maintained, should help preserve after-fee outcomes while staying true to mission.