Quaker Index Fund

Overview

The Quaker Index Fund (QIF) is an all-equity fund based on the S&P 500 exclusive of those excluded by FFC’s Quaker values screens. It has approximately 370 holdings, is diversified across economic sectors, and is designed to track the S&P 500 Index with low annual turnover and low tracking error.

The Quaker Index Fund is intended for larger investor organizations, including Friends schools, churches and meetings, retirement communities, foundations, colleges, and universities with a five-year or longer investment horizon. Minimums apply.

Income is automatically reinvested – there is no semi-annual income distribution for QIF. Additions or withdrawals, as with all FFC Funds, can be made at any time and at no cost. Investors may hold units in any of the Friends Fiduciary Funds in a single account.

For more information or to invest in the Quaker Index Fund, please contact Friends Fiduciary at 215-241-7272 or info@friendsfiduciary.org.

Performance

Unit Value

Unit Values as of: 09/23/2021

wdt_ID Fund Name Fund Type Fund Value
1 Quaker Index Fund Equity $70.94

Quaker Index Fund unit value is gross of operating expenses; the Fund does not have scheduled distributions.

Click here for Historical Unit Values

Investment Returns

Performance as of: 08/31/2021

Fund Name Fund Type wdt_ID Current Month Year to Date Last 12 Months 3 Yrs. 5 Yrs. 10 Yrs. Since Inception Inception Date
Quaker Index Fund Equity 1 2.97% 21.63% 31.60% 19.30% 18.89% 16.18% 4/30/2013
Benchmark 2 3.04% 21.58% 31.17% 18.08% 18.02% 15.58%

Investment returns for periods exceeding 1 year are annualized.

Click here for Quarter-End Performance

Footnotes

  • Investment performance is presented gross of fees and is inclusive of dividends and interest. Investment returns represent past performance and do not guarantee future results. Returns and principal values will fluctuate such that, upon redemption, units may be worth more or less than their original cost. Indices that comprise benchmarks are unmanaged and are inclusive of dividends and interest. Investors cannot invest directly in the indices.
  • Quaker Index Fund Benchmark: 100% S&P 500 Index.
  • Fees: The Quaker Index Fund operates with a tiered fee schedule of 0.30% (30 basis points) on the first $5 million, 0.25% (25 bps) on the next $5 million, and 0.20% (20 bps) on balances above $10 million.

Characteristics

Risk

The Quaker Index Fund invests in large-cap domestic equities through an SEC-registered, third-party advisory firm. The market price of the equity investments may fluctuate and may decline along with moves in the broader equity markets or due to economic, industry, or company-specific events. Portfolio construction, sector allocation, and portfolio management practices may not deliver desired results. The investment manager who works in an advisory capacity may not deliver investment results as anticipated. Investors in the fund could experience a decrease in the principal value of their investment or go through a period of underperformance relative to the benchmark.