The Moravian Common Fund offers growth, hybrid, balanced, income, and stable portfolio options, designed to meet the varying needs and strategies of individual churches and agencies.
These options allow trustees to look at the investment needs of each endowment and permanent fund of the church/agency and select the allocation that best meets the investment goal and needs for each.
For example, a church has three endowment funds: scholarship, cemetery, and building. The cemetery fund must preserve the value of the invested assets and generate income for the care and upkeep of the cemetery; therefore, the Income or Balanced Fund may be the right choice. The scholarship fund, on the other hand, needs to grow and generate funds from income and appreciation for the annual award to a deserving student. In this case, the Balanced or Growth Fund might be better. Finally, the building fund is a reserve set aside for a planned renovation and expansion effort in five or more years, so the Growth Fund might be best.
We can’t predict investment returns. However, information about expected rates of return based on past rates is available.