If you want to review the risk levels of your investments, or have any questions, please feel free to contact us at 515-974-8927 or info@iumf.org.

Read the articles below to learn more information about the recent fluctuations in the market.

Morgan Stanley: Portfolio Moves for a Bear Market

Morgan Stanley: How to Handle Market Volatility

Wespath: Coronavirus and Stock Market Volatility

The actual net returns for each of the funds as of December 31, 2020:

	Monthly	Quarter-to-Date	Year-to-Date	Trailing 12 Months
Balanced Fund	3.52%	11.50%	11.17%	11.17%
Bond Fund	0.33%	0.84%	3.07%	3.07%
Equity Fund	4.99%	16.68%	11.49%	11.49%
Short-Term Income Fund	0.20%	0.35%	3.90%	3.90%

Benchmark average gross returns for each of the funds as of December 31, 2020: (Please note—The benchmark includes higher risk/junk bonds and growth/higher risk stocks, so we aren’t quite comparing “apples to apples.” This also does not include management or administration fees.)

	Monthly	Quarter-to-Date	Year-to-Date	Trailing 12 Months
Balanced Fund	3.03%	10.45%	9.99%	9.99%
Bond Fund	0.35%	1.45%	5.79%	5.79%
Equity Fund	4.81%	16.51%	11.50%	11.50%
Short-Term Income Fund	0.21%	0.21%	2.74%	2.74%

The average annual calendar net returns:

	2020	2018-2020	2015-2019
Balanced Fund	11.17%	6.59%	5.40%
Bond Fund	3.07%	2.41%	1.32%
Equity Fund	11.49%	7.56%	7.59%
Short-Term Income Fund	3.90%	3.29%	1.73%

The benchmark average annual calendar returns:

	2020	2018-2020	2015-2019
Balanced Fund	9.99%	7.54%	6.75%
Bond Fund	5.79%	4.82%	3.40%
Equity	11.50%	7.90%	8.99%
Short-Term Income Fund	2.74%	2.51%	1.40%