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 June 30, 2020:

	Monthly	Quarter-to-Date	Year-to-Date	Trailing 12 Months
Balanced Fund	+1.81%	+13.07%	-3.97%	+1.65%
Bond Fund	+0.43%	+3.20%	+1.57%	+2.82%
Equity Fund	+2.58%	+18.19%	-9.43%	-1.75%
Short-Term Income Fund	+0.27%	+1.79%	+3.25%	+4.79%

Benchmark average gross returns for each of the funds as of June 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	+1.78%	+12.97%	-3.46%	+2.49%
Bond Fund	+0.61%	+4.33%	+3.67%	+5.98%
Equity Fund	+2.57%	+18.95%	-8.72%	-0.78%
Short-Term Income Fund	+0.04%	+1.13%	+2.47%	+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%