The Quaker Index Fund (QIF) is an all equity fund modeled after the S&P 500 Index that excludes names based on FFC’s Quaker values screens. The fund holds approximately 370 positions, 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. Minimum fees apply.
Income is automatically reinvested – there is no semi-annual income distribution for QIF. As with all FFC Funds, additions and withdrawals 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.
Resources
Unit Value
| Fund Name | Fund Type | Unit Value |
| Quaker Index Fund | Equity | $66.94 |
Quaker Index Fund unit value is gross of operating expenses; the Fund does not have scheduled distributions.
Investment Returns
Cumulative Return
Annualized Returns
Fund Name
Fund Type
Current Month
Year to Date
Last 12 Months
3 Yrs.
5 Yrs.
10 Yrs.
Since Inception
Inception Date
Quaker Index Fund
Equity
5.55%
11.96%
48.00%
20.12%
18.24%
-
15.70%
4/30/2013
Benchmark3
5.34%
11.85%
45.99%
18.68%
17.42%
-
15.07%
Market Indices
S & P 500 Index
Equity
5.34%
11.85%
45.99%
18.68%
17.42%
14.18%
Barclay's Aggregate Bond Index
Fixed Income
0.79%
-2.61%
-0.27%
5.19%
3.19%
3.39%
MSCI All Country World ex-US Index
International
2.94%
6.54%
42.98%
6.98%
9.83%
4.73%
Investment returns for periods exceeding 1 year are annualized.
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.
- 3Quaker 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.
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.
