Read the latest report: December 2019

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, 2019:

	Monthly	Quarter-to-Date	Year-to-Date	Trailing 12 Months
Balanced Fund	2.02%	5.21%	17.20%	17.20%
Bond Fund	0.27%	0.50%	5.27%	5.27%
Equity Fund	3.23%	8.28%	25.09%	25.09%
Short-Term Income Fund	0.23%	0.56%	4.90%	4.90%

The benchmark average annual gross returns for each of the funds as of December 31, 2019: (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	2.01%	5.33%	19.45%	19.45%
Bond Fund	0.39%	0.71%	8.68%	8.68%
Equity Fund	3.09%	8.40%	26.71%	26.71%
Short-Term Income Fund	0.21%	0.14%	3.22%	3.22%

The average annual calendar net returns:

	2019	2017-2019	2015-2019
Balanced Fund	17.20%	6.70%	5.40%
Bond Fund	5.27%	1.10%	1.32%
Equity Fund	25.09%	10.27%	7.59%
Short-Term Income Fund	4.90%	3.04%	1.73%

The benchmark average annual calendar returns:

	2019	2017-2019	2015-2019
Balanced Fund	19.45%	8.76%	6.75%
Bond Fund	8.68%	3.97%	3.40%
Equity	26.71%	11.96%	8.99%
Short-Term Income Fund	3.22%	1.87%	1.40%