The Colorado Episcopal Foundation Bond Fund is a pooled investment fund seeking to provide current income.
Capital appreciation is a secondary consideration.
The Fund invests primarily in publicly traded fixed income securities and mutual funds that focus on fixed income investments. Management The Colorado Episcopal Foundation Bond Fund is managed by a five member Investment Committee that reports to the Foundation's Board of Trustees. In the second quarter of 1999, interest rates on fixed income investments continued to increase which resulted in a decline in the market value of such investments. It should be noted that in the short term, market fluctuations have a much less dramatic effect on the coupon or interest income earned by the Fund.