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 March 31, 2021:

	Monthly	Quarter-to-Date	Year-to-Date	Trailing 12 Months
Balanced Fund	2.18%	4.84%	4.84%	37.24%
Bond Fund	-0.28%	-0.57%	-0.57%	4.13%
Equity Fund	3.58%	7.61%	7.61%	56.56%
Short-Term Income Fund	-0.38%	-0.95%	-0.95%	1.46%

Benchmark average gross returns for each of the funds as of March 31, 2021: (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	1.91%	4.71%	4.71%	34.77%
Bond Fund	-0.57%	-0.75%	-0.75%	5.67%
Equity Fund	3.56%	7.63%	7.63%	56.38%
Short-Term Income Fund	-0.03%	-0.38%	-0.38%	1.01%

The average annual calendar net returns:

	2020	2018-2020	2016-2020
Balanced Fund	11.17%	8.84%	7.59%
Bond Fund	3.07%	2.90%	1.76%
Equity Fund	11.49%	10.75%	10.15%
Short-Term Income Fund	3.90%	3.18%	3.42%

The benchmark average annual calendar returns:

	2020	2018-2020	2016-2020
Balanced Fund	9.99%	9.57%	9.33%
Bond Fund	5.79%	4.95%	3.51%
Equity	11.50%	10.94%	13.21%
Short-Term Income Fund	2.74%	2.43%	1.73%