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 September 30, 2020:

	Monthly	Quarter-to-Date	Year-to-Date	Trailing 12 Months
Balanced Fund	-2.21%	+3.84%	-0.29%	+4.90%
Bond Fund	-0.18%	+0.63%	+2.21%	+2.72%
Equity Fund	-3.16%	+5.50%	-4.44%	+3.47%
Short-Term Income Fund	-0.07%	+0.28%	+3.53%	+4.12%

Benchmark average gross returns for each of the funds as of September 30, 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	-2.00%	+3.16%	-0.41%	+4.89%
Bond Fund	-0.09%	+0.58%	+4.27%	+5.01%
Equity Fund	-3.27%	+4.84%	-4.30%	+3.74%
Short-Term Income Fund	+0.02%	+0.05%	+2.52%	+2.66%

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%