We are confident these performance indexes will help you track our success in achieving our investment objectives. Diversification, including global investing, plays an integral role in providing superior long-term investment returns. Investment returns Investment returns for ELCA funds and their corresponding performance are shown below for each of the following plans. Market indexes are also included to provide additional perspective. The Board of Pensions is neither surprised nor alarmed by the recent market performance.
Markets have a history of highs and lows.
You will at times see the impact of short-term market movements in your pension account, but keep in mind investments are typically for the long term. Our investment strategy is to provide superior, risk-adjusted investment returns. 3.1 3.1 Merrill Lynch 91-day Treasury Bills 5.0 5.4 1.5 1.5 Returns are net of expenses, and are annualized for periods greater than one year. Past performance does not guarantee future results. Funds include international investments.