HTML
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund
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| Description |
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Shares |
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Market Value
($ Thousands) |
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| COMMON STOCK — 98.7% |
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| Bosnia and Herzegovina — 0.0% |
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| RenaissanceRe Holdings Ltd |
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|
248 |
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$ |
42 |
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| Canada — 0.1% |
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| Lululemon Athletica Inc * |
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1,171 |
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|
386 |
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| Cayman Islands — 0.0% |
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| Herbalife Nutrition Ltd * |
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1,088 |
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51 |
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| Ireland — 1.0% |
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| Accenture PLC, Cl A |
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11,297 |
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2,553 |
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| Jazz Pharmaceuticals PLC * |
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|
616 |
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|
88 |
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| Medtronic PLC |
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19,976 |
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2,076 |
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| NortonLifeLock Inc |
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13,065 |
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272 |
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| Perrigo Co PLC |
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211 |
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10 |
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4,999 |
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| Puerto Rico — 0.0% |
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| Popular Inc |
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1,507 |
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|
55 |
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| Switzerland — 0.0% |
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| Garmin Ltd |
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1,092 |
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103 |
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| United Kingdom — 0.1% |
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| Healthpeak Properties Inc
‡ |
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9,384 |
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255 |
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| United States — 97.5% |
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| Communication Services — 8.3% |
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| Activision Blizzard Inc |
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8,807 |
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713 |
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| Alphabet Inc, Cl A * |
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4,202 |
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6,159 |
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| Alphabet Inc, Cl C * |
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4,147 |
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6,094 |
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| AT&T Inc |
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124,429 |
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3,547 |
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| Bandwidth Inc, Cl A * |
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821 |
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143 |
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| Cardlytics Inc * |
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143 |
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10 |
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| Cars.com Inc * |
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4,178 |
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34 |
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| CenturyLink Inc |
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872 |
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9 |
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| Charter Communications Inc, Cl A * |
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1,756 |
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1,096 |
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| Cinemark Holdings Inc * |
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2,104 |
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21 |
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| Cogent Communications Holdings Inc |
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148 |
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9 |
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| Comcast Corp, Cl A |
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60,184 |
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2,784 |
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| Electronic Arts Inc * |
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2,676 |
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349 |
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| Emerald Holding Inc * |
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4,781 |
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10 |
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| Eventbrite Inc, Cl A * |
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2,537 |
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28 |
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| EverQuote Inc, Cl A * |
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1,468 |
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57 |
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| EW Scripps Co/The, Cl A |
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3,299 |
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38 |
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| Facebook Inc, Cl A * |
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33,518 |
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8,778 |
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| Fox Corp, Cl A |
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1,372 |
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38 |
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| IAC/InterActiveCorp * |
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376 |
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45 |
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| IMAX Corp * |
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2,244 |
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27 |
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| Interpublic Group of Cos Inc/The |
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8,487 |
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141 |
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| Iridium Communications Inc * |
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366 |
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9 |
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| John Wiley & Sons Inc, Cl A |
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236 |
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7 |
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| Liberty Broadband Corp, Cl A * |
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107 |
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15 |
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| Liberty Broadband Corp, Cl C * |
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355 |
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51 |
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| Liberty Media Corp-Liberty Formula One, Cl C * |
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1,355 |
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49 |
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| Description |
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Shares |
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Market Value
($ Thousands) |
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| COMMON STOCK (continued) |
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| Live Nation Entertainment Inc * |
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181 |
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$ |
10 |
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| Madison Square Garden Entertainment Corp * |
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39 |
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3 |
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| Match Group Inc * |
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1,537 |
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170 |
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| Meredith Corp * |
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1,401 |
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18 |
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| MSG Networks Inc * |
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2,988 |
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29 |
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| New York Times Co/The, Cl A |
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439 |
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19 |
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| Nexstar Media Group Inc, Cl A |
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455 |
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41 |
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| Omnicom Group Inc |
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10,137 |
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502 |
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| Scholastic Corp |
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1,266 |
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27 |
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| Shenandoah Telecommunications Co |
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222 |
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10 |
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| Sirius XM Holdings Inc |
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7,153 |
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38 |
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| Spotify Technology SA * |
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1,265 |
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307 |
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| Take-Two Interactive Software Inc * |
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830 |
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137 |
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| TechTarget Inc * |
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1,986 |
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87 |
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| TEGNA Inc |
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3,052 |
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36 |
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| T-Mobile US Inc * |
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6,009 |
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687 |
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| Twitter Inc * |
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7,369 |
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328 |
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| Verizon Communications Inc |
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57,853 |
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3,442 |
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| ViacomCBS Inc, Cl B |
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1,000 |
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28 |
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| Walt Disney Co/The * |
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26,709 |
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3,314 |
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| World Wrestling Entertainment Inc, Cl A |
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780 |
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32 |
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| Zillow Group Inc, Cl C * |
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752 |
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76 |
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| Zynga Inc, Cl A * |
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14,448 |
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132 |
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39,734 |
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| Consumer Discretionary — 12.7% |
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| 1-800-Flowers.com Inc, Cl A * |
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3,668 |
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91 |
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| Aaron’s Inc |
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832 |
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47 |
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| Abercrombie & Fitch Co, Cl A * |
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2,970 |
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41 |
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| Adient PLC * |
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2,126 |
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37 |
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| Adtalem Global Education Inc * |
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1,460 |
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36 |
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| Advance Auto Parts Inc |
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317 |
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49 |
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| Amazon.com Inc * |
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5,987 |
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18,851 |
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| American Eagle Outfitters Inc |
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3,416 |
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51 |
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| American Public Education Inc * |
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1,831 |
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52 |
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| Aptiv PLC * |
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3,490 |
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320 |
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| Aramark |
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260 |
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7 |
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| Asbury Automotive Group Inc * |
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425 |
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41 |
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| At Home Group Inc * |
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6,757 |
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100 |
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| AutoNation Inc * |
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970 |
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51 |
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| AutoZone Inc * |
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235 |
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277 |
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| Bed Bath & Beyond Inc * |
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2,963 |
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44 |
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| Best Buy Co Inc |
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14,724 |
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1,639 |
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| Big Lots Inc |
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1,758 |
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78 |
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| Bloomin’ Brands Inc * |
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2,259 |
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34 |
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| Booking Holdings Inc * |
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563 |
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963 |
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| Boot Barn Holdings Inc * |
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1,181 |
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33 |
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| BorgWarner Inc |
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2,278 |
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88 |
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| Bright Horizons Family Solutions Inc * |
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76 |
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12 |
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| Brinker International Inc * |
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1,180 |
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50 |
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| Brunswick Corp/DE |
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839 |
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49 |
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| New Covenant Funds / Quarterly Report / September 30, 2020 |
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1 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund (Continued)
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| Description |
|
Shares |
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Market Value
($ Thousands) |
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| COMMON STOCK (continued) |
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| Buckle Inc/The |
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1,885 |
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$ |
38 |
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| Burlington Stores Inc * |
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|
482 |
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|
99 |
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| Cable One Inc |
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79 |
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149 |
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| Callaway Golf Co * |
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2,383 |
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46 |
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| Capri Holdings Ltd * |
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1,319 |
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24 |
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| CarMax Inc * |
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1,086 |
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100 |
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| Carnival Corp * |
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15,800 |
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240 |
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| Carter’s Inc * |
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471 |
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41 |
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| Carvana Co, Cl A * |
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81 |
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18 |
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| Cavco Industries Inc * |
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|
255 |
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46 |
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| Cheesecake Factory Inc/The * |
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1,236 |
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|
34 |
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| Chegg Inc * |
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|
176 |
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13 |
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| Children’s Place Inc/The * |
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|
812 |
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23 |
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| Chipotle Mexican Grill Inc, Cl A * |
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232 |
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|
289 |
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| Choice Hotels International Inc * |
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113 |
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10 |
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| Columbia Sportswear Co * |
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|
891 |
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|
77 |
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| Cooper Tire & Rubber Co |
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1,668 |
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53 |
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| Cracker Barrel Old Country Store Inc * |
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323 |
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37 |
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| Dana Inc * |
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2,660 |
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33 |
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| Darden Restaurants Inc |
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|
705 |
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71 |
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| Dave & Buster’s Entertainment Inc * |
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1,283 |
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19 |
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| Deckers Outdoor Corp * |
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|
306 |
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67 |
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| Denny’s Corp * |
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2,500 |
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25 |
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| Designer Brands Inc, Cl A * |
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3,316 |
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18 |
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| Dick’s Sporting Goods Inc |
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1,054 |
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61 |
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| Dillard’s Inc, Cl A |
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726 |
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26 |
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| Discovery Inc, Cl C * |
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354 |
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7 |
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| Dollar General Corp |
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2,608 |
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|
547 |
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| Dollar Tree Inc * |
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|
878 |
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|
80 |
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| Domino’s Pizza Inc |
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|
309 |
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|
131 |
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| Dorman Products Inc * |
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|
677 |
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61 |
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| DR Horton Inc |
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1,973 |
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|
149 |
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| Dunkin’ Brands Group Inc |
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2,803 |
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|
|
230 |
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| eBay Inc |
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24,197 |
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|
1,261 |
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| Etsy Inc * |
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1,162 |
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|
141 |
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| Expedia Group Inc * |
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|
103 |
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|
9 |
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| Five Below Inc * |
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|
410 |
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|
52 |
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| Floor & Decor Holdings Inc, Cl A * |
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|
232 |
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|
17 |
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| Foot Locker Inc |
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1,308 |
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|
43 |
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| Ford Motor Co * |
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36,252 |
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|
241 |
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| Fox Factory Holding Corp * |
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|
749 |
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|
56 |
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| frontdoor Inc * |
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|
251 |
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|
10 |
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| Gap Inc/The |
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11,382 |
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|
194 |
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| General Motors Co * |
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10,622 |
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|
314 |
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| Gentex Corp |
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3,795 |
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|
98 |
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| Gentherm Inc * |
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|
1,113 |
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|
46 |
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| Genuine Parts Co |
|
|
109 |
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|
10 |
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| Goodyear Tire & Rubber Co/The * |
|
|
690 |
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|
5 |
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| Graham Holdings Co, Cl B |
|
|
78 |
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|
32 |
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| Grand Canyon Education Inc * |
|
|
121 |
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|
|
10 |
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| Group 1 Automotive Inc * |
|
|
479 |
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|
|
42 |
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| Grubhub Inc * |
|
|
1,289 |
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|
93 |
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| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
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| COMMON STOCK (continued) |
|
|
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| Guess? Inc |
|
|
2,341 |
|
|
$ |
27 |
|
| H&R Block Inc |
|
|
3,157 |
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|
|
51 |
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| Hanesbrands Inc |
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|
13,319 |
|
|
|
210 |
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| Harley-Davidson Inc |
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|
306 |
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|
|
7 |
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| Hasbro Inc |
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|
2,632 |
|
|
|
218 |
|
| Helen of Troy Ltd * |
|
|
304 |
|
|
|
59 |
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| Hilton Grand Vacations Inc * |
|
|
3,016 |
|
|
|
63 |
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| Hilton Worldwide Holdings Inc * |
|
|
4,365 |
|
|
|
372 |
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| Home Depot Inc/The |
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|
16,979 |
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|
|
4,715 |
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| Hyatt Hotels Corp, Cl A * |
|
|
135 |
|
|
|
7 |
|
| Installed Building Products Inc * |
|
|
694 |
|
|
|
71 |
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| iRobot Corp * |
|
|
1,013 |
|
|
|
77 |
|
| Jack in the Box Inc |
|
|
658 |
|
|
|
52 |
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| Johnson Outdoors Inc, Cl A |
|
|
659 |
|
|
|
54 |
|
| K12 Inc * |
|
|
348 |
|
|
|
9 |
|
| KB Home |
|
|
4,733 |
|
|
|
182 |
|
| Kohl’s Corp * |
|
|
1,859 |
|
|
|
34 |
|
| Kontoor Brands Inc * |
|
|
1,282 |
|
|
|
31 |
|
| L Brands Inc * |
|
|
638 |
|
|
|
20 |
|
| La-Z-Boy Inc, Cl Z |
|
|
1,597 |
|
|
|
50 |
|
| LCI Industries |
|
|
483 |
|
|
|
51 |
|
| Lear Corp * |
|
|
6,486 |
|
|
|
707 |
|
| Leggett & Platt Inc |
|
|
222 |
|
|
|
9 |
|
| Lennar Corp, Cl A |
|
|
651 |
|
|
|
53 |
|
| Lennar Corp, Cl B |
|
|
728 |
|
|
|
48 |
|
| LGI Homes Inc * |
|
|
127 |
|
|
|
15 |
|
| Liberty Media Corp-Liberty SiriusXM, Cl C * |
|
|
234 |
|
|
|
8 |
|
| LKQ Corp * |
|
|
317 |
|
|
|
9 |
|
| Lowe’s Cos Inc |
|
|
15,716 |
|
|
|
2,607 |
|
| M/I Homes Inc * |
|
|
1,195 |
|
|
|
55 |
|
| Macy’s Inc * |
|
|
4,042 |
|
|
|
23 |
|
| Madison Square Garden Sports Corp * |
|
|
39 |
|
|
|
6 |
|
| Magnite Inc * |
|
|
1,140 |
|
|
|
8 |
|
| Malibu Boats Inc, Cl A * |
|
|
202 |
|
|
|
10 |
|
| Marriott International Inc/MD, Cl A * |
|
|
3,599 |
|
|
|
333 |
|
| Marriott Vacations Worldwide Corp * |
|
|
394 |
|
|
|
36 |
|
| Mattel Inc * |
|
|
14,805 |
|
|
|
173 |
|
| McDonald’s Corp |
|
|
11,361 |
|
|
|
2,494 |
|
| Meritage Homes Corp * |
|
|
794 |
|
|
|
88 |
|
| Michaels Cos Inc/The * |
|
|
7,530 |
|
|
|
73 |
|
| Mohawk Industries Inc * |
|
|
127 |
|
|
|
12 |
|
| Monro Inc |
|
|
626 |
|
|
|
25 |
|
| Murphy USA Inc * |
|
|
422 |
|
|
|
54 |
|
| National Vision Holdings Inc * |
|
|
1,563 |
|
|
|
60 |
|
| Netflix Inc * |
|
|
5,596 |
|
|
|
2,798 |
|
| Newell Brands Inc |
|
|
605 |
|
|
|
10 |
|
| News Corp, Cl A |
|
|
829 |
|
|
|
12 |
|
| NIKE Inc, Cl B |
|
|
17,693 |
|
|
|
2,221 |
|
| Nordstrom Inc * |
|
|
3,866 |
|
|
|
46 |
|
| Norwegian Cruise Line Holdings Ltd * |
|
|
14,956 |
|
|
|
256 |
|
| NVR Inc * |
|
|
13 |
|
|
|
53 |
|
| Office Depot Inc * |
|
|
1,901 |
|
|
|
37 |
|
|
|
|
| |
|
| 2 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund (Continued)
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Ollie’s Bargain Outlet Holdings Inc * |
|
|
746 |
|
|
$ |
65 |
|
| OneSpaWorld Holdings Ltd * |
|
|
3,063 |
|
|
|
20 |
|
| O’Reilly Automotive Inc * |
|
|
677 |
|
|
|
312 |
|
| Oxford Industries Inc |
|
|
665 |
|
|
|
27 |
|
| Papa John’s International Inc |
|
|
806 |
|
|
|
66 |
|
| Peloton Interactive Inc, Cl A * |
|
|
528 |
|
|
|
52 |
|
| Penske Automotive Group Inc * |
|
|
957 |
|
|
|
46 |
|
| PetMed Express Inc |
|
|
2,172 |
|
|
|
69 |
|
| Planet Fitness Inc, Cl A * |
|
|
3,228 |
|
|
|
199 |
|
| Polaris Inc |
|
|
966 |
|
|
|
91 |
|
| PulteGroup Inc |
|
|
5,125 |
|
|
|
237 |
|
| PVH Corp * |
|
|
108 |
|
|
|
6 |
|
| Qurate Retail Inc * |
|
|
1,412 |
|
|
|
10 |
|
| Ralph Lauren Corp, Cl A * |
|
|
690 |
|
|
|
47 |
|
| RealReal Inc/The * |
|
|
2,868 |
|
|
|
41 |
|
| Rent-A-Center Inc/TX, Cl A |
|
|
1,764 |
|
|
|
53 |
|
| RH * |
|
|
224 |
|
|
|
86 |
|
| Roku Inc, Cl A * |
|
|
339 |
|
|
|
64 |
|
| Ross Stores Inc * |
|
|
3,209 |
|
|
|
299 |
|
| Royal Caribbean Cruises Ltd * |
|
|
8,804 |
|
|
|
570 |
|
| Sally Beauty Holdings Inc * |
|
|
2,794 |
|
|
|
24 |
|
| SeaWorld Entertainment Inc * |
|
|
1,594 |
|
|
|
31 |
|
| Service Corp International/US |
|
|
250 |
|
|
|
11 |
|
| ServiceMaster Global Holdings Inc * |
|
|
1,327 |
|
|
|
53 |
|
| Shake Shack Inc, Cl A * |
|
|
157 |
|
|
|
10 |
|
| Shutterstock Inc |
|
|
205 |
|
|
|
11 |
|
| Signet Jewelers Ltd * |
|
|
2,402 |
|
|
|
45 |
|
| Six Flags Entertainment Corp * |
|
|
248 |
|
|
|
5 |
|
| Sleep Number Corp * |
|
|
1,033 |
|
|
|
51 |
|
| Stamps.com Inc * |
|
|
630 |
|
|
|
152 |
|
| Standard Motor Products Inc * |
|
|
943 |
|
|
|
42 |
|
| Starbucks Corp |
|
|
16,902 |
|
|
|
1,452 |
|
| Steven Madden Ltd * |
|
|
1,178 |
|
|
|
23 |
|
| Stitch Fix Inc, Cl A * |
|
|
1,950 |
|
|
|
53 |
|
| Strategic Education Inc |
|
|
331 |
|
|
|
30 |
|
| Tapestry Inc * |
|
|
2,803 |
|
|
|
44 |
|
| Target Corp |
|
|
6,577 |
|
|
|
1,035 |
|
| Taylor Morrison Home Corp, Cl A * |
|
|
12,743 |
|
|
|
313 |
|
| Tempur Sealy International Inc * |
|
|
568 |
|
|
|
51 |
|
| Tenneco Inc, Cl A * |
|
|
3,599 |
|
|
|
25 |
|
| Tesla Inc * |
|
|
10,195 |
|
|
|
4,374 |
|
| Texas Roadhouse Inc, Cl A * |
|
|
889 |
|
|
|
54 |
|
| Thor Industries Inc |
|
|
106 |
|
|
|
10 |
|
| Tiffany & Co |
|
|
483 |
|
|
|
56 |
|
| TJX Cos Inc/The * |
|
|
14,736 |
|
|
|
820 |
|
| Toll Brothers Inc |
|
|
2,246 |
|
|
|
109 |
|
| TopBuild Corp * |
|
|
476 |
|
|
|
81 |
|
| Tractor Supply Co |
|
|
2,377 |
|
|
|
341 |
|
| TRI Pointe Group Inc * |
|
|
3,236 |
|
|
|
59 |
|
| TripAdvisor Inc * |
|
|
1,712 |
|
|
|
34 |
|
| Ulta Beauty Inc * |
|
|
279 |
|
|
|
62 |
|
| Under Armour Inc, Cl C * |
|
|
556 |
|
|
|
5 |
|
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Urban Outfitters Inc * |
|
|
417 |
|
|
$ |
9 |
|
| Vail Resorts Inc * |
|
|
46 |
|
|
|
10 |
|
| VF Corp |
|
|
4,023 |
|
|
|
283 |
|
| Visteon Corp * |
|
|
551 |
|
|
|
38 |
|
| Wayfair Inc, Cl A * |
|
|
506 |
|
|
|
147 |
|
| Wendy’s Co/The |
|
|
11,419 |
|
|
|
255 |
|
| Whirlpool Corp |
|
|
638 |
|
|
|
117 |
|
| Williams-Sonoma Inc |
|
|
160 |
|
|
|
14 |
|
| Wingstop Inc |
|
|
582 |
|
|
|
80 |
|
| Winnebago Industries Inc |
|
|
191 |
|
|
|
10 |
|
| Wolverine World Wide Inc |
|
|
1,511 |
|
|
|
39 |
|
| Workhorse Group Inc * |
|
|
1,652 |
|
|
|
42 |
|
| WW International Inc * |
|
|
1,262 |
|
|
|
24 |
|
| Wyndham Destinations Inc |
|
|
4,669 |
|
|
|
144 |
|
| Wyndham Hotels & Resorts Inc |
|
|
189 |
|
|
|
10 |
|
| Yum China Holdings Inc * |
|
|
1,913 |
|
|
|
101 |
|
| Yum! Brands Inc |
|
|
8,356 |
|
|
|
763 |
|
| Zumiez Inc * |
|
|
1,593 |
|
|
|
44 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
61,232 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consumer Staples — 6.1% |
|
|
|
|
|
|
|
|
| Andersons Inc/The |
|
|
1,960 |
|
|
|
38 |
|
| Archer-Daniels-Midland Co |
|
|
4,581 |
|
|
|
213 |
|
| B&G Foods Inc |
|
|
862 |
|
|
|
24 |
|
| Beyond Meat Inc * |
|
|
535 |
|
|
|
89 |
|
| BJ’s Wholesale Club Holdings Inc * |
|
|
2,099 |
|
|
|
87 |
|
| Bunge Ltd |
|
|
1,596 |
|
|
|
73 |
|
| Calavo Growers Inc |
|
|
571 |
|
|
|
38 |
|
| Campbell Soup Co |
|
|
10,354 |
|
|
|
501 |
|
| Casey’s General Stores Inc |
|
|
319 |
|
|
|
57 |
|
| Chefs’ Warehouse Inc/The * |
|
|
1,366 |
|
|
|
20 |
|
| Church & Dwight Co Inc |
|
|
1,025 |
|
|
|
96 |
|
| Clorox Co/The |
|
|
3,366 |
|
|
|
707 |
|
| Coca-Cola Co/The |
|
|
55,741 |
|
|
|
2,752 |
|
| Colgate-Palmolive Co |
|
|
14,526 |
|
|
|
1,121 |
|
| Conagra Brands Inc |
|
|
14,479 |
|
|
|
517 |
|
| Costco Wholesale Corp |
|
|
5,748 |
|
|
|
2,041 |
|
| Coty Inc, Cl A * |
|
|
1,026 |
|
|
|
3 |
|
| Edgewell Personal Care Co * |
|
|
1,589 |
|
|
|
44 |
|
| Energizer Holdings Inc |
|
|
231 |
|
|
|
9 |
|
| Estee Lauder Cos Inc/The, Cl A |
|
|
2,390 |
|
|
|
522 |
|
| Flowers Foods Inc |
|
|
9,872 |
|
|
|
240 |
|
| Fresh Del Monte Produce Inc |
|
|
1,442 |
|
|
|
33 |
|
| General Mills Inc |
|
|
13,887 |
|
|
|
857 |
|
| Grocery Outlet Holding Corp * |
|
|
263 |
|
|
|
10 |
|
| Hain Celestial Group Inc/The * |
|
|
461 |
|
|
|
16 |
|
| Hershey Co/The |
|
|
2,295 |
|
|
|
329 |
|
| HF Foods Group Inc * |
|
|
2,213 |
|
|
|
15 |
|
| Hormel Foods Corp |
|
|
4,797 |
|
|
|
235 |
|
| Ingredion Inc |
|
|
1,110 |
|
|
|
84 |
|
| J M Smucker Co/The |
|
|
6,494 |
|
|
|
750 |
|
| Kellogg Co |
|
|
6,713 |
|
|
|
434 |
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
3 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund (Continued)
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Keurig Dr Pepper Inc |
|
|
18,064 |
|
|
$ |
499 |
|
| Kimberly-Clark Corp |
|
|
6,484 |
|
|
|
957 |
|
| Kraft Heinz Co/The |
|
|
4,224 |
|
|
|
126 |
|
| Kroger Co/The |
|
|
25,293 |
|
|
|
858 |
|
| Lamb Weston Holdings Inc |
|
|
594 |
|
|
|
39 |
|
| Lancaster Colony Corp |
|
|
319 |
|
|
|
57 |
|
| McCormick & Co Inc/MD |
|
|
2,916 |
|
|
|
566 |
|
| Medifast Inc |
|
|
71 |
|
|
|
12 |
|
| Mondelez International Inc, Cl A |
|
|
17,402 |
|
|
|
1,000 |
|
| Monster Beverage Corp * |
|
|
2,682 |
|
|
|
215 |
|
| National Beverage Corp * |
|
|
172 |
|
|
|
12 |
|
| PepsiCo Inc |
|
|
28,780 |
|
|
|
3,989 |
|
| Performance Food Group Co * |
|
|
1,023 |
|
|
|
35 |
|
| Pilgrim’s Pride Corp * |
|
|
355 |
|
|
|
5 |
|
| Post Holdings Inc * |
|
|
108 |
|
|
|
9 |
|
| PriceSmart Inc |
|
|
690 |
|
|
|
46 |
|
| Procter & Gamble Co/The |
|
|
33,306 |
|
|
|
4,629 |
|
| Sanderson Farms Inc |
|
|
297 |
|
|
|
35 |
|
| SpartanNash Co |
|
|
1,252 |
|
|
|
20 |
|
| Spectrum Brands Holdings Inc |
|
|
183 |
|
|
|
10 |
|
| Sprouts Farmers Market Inc * |
|
|
6,575 |
|
|
|
138 |
|
| Sysco Corp |
|
|
19,266 |
|
|
|
1,199 |
|
| TreeHouse Foods Inc * |
|
|
237 |
|
|
|
10 |
|
| Tyson Foods Inc, Cl A |
|
|
1,004 |
|
|
|
60 |
|
| US Foods Holding Corp * |
|
|
2,211 |
|
|
|
49 |
|
| Walgreens Boots Alliance Inc |
|
|
8,946 |
|
|
|
321 |
|
| Walmart Inc |
|
|
18,397 |
|
|
|
2,574 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29,425 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Energy — 1.7% |
|
|
|
|
|
|
|
|
| Antero Midstream Corp |
|
|
7,912 |
|
|
|
42 |
|
| Apache Corp |
|
|
7,933 |
|
|
|
75 |
|
| Baker Hughes Co, Cl A |
|
|
4,496 |
|
|
|
60 |
|
| Cabot Oil & Gas Corp |
|
|
3,306 |
|
|
|
57 |
|
| Cactus Inc, Cl A |
|
|
1,525 |
|
|
|
29 |
|
| ChampionX Corp * |
|
|
383 |
|
|
|
3 |
|
| Cheniere Energy Inc * |
|
|
1,265 |
|
|
|
59 |
|
| Chevron Corp |
|
|
23,942 |
|
|
|
1,724 |
|
| Cimarex Energy Co |
|
|
995 |
|
|
|
24 |
|
| CNX Resources Corp * |
|
|
6,091 |
|
|
|
57 |
|
| Concho Resources Inc |
|
|
142 |
|
|
|
6 |
|
| ConocoPhillips |
|
|
28,755 |
|
|
|
944 |
|
| Continental Resources Inc/OK * |
|
|
337 |
|
|
|
4 |
|
| Devon Energy Corp |
|
|
8,276 |
|
|
|
78 |
|
| Diamond S Shipping Inc * |
|
|
3,276 |
|
|
|
22 |
|
| Diamondback Energy Inc |
|
|
133 |
|
|
|
4 |
|
| Dril-Quip Inc * |
|
|
1,072 |
|
|
|
27 |
|
| EOG Resources Inc |
|
|
6,126 |
|
|
|
220 |
|
| EQT Corp * |
|
|
2,732 |
|
|
|
35 |
|
| Equitrans Midstream Corp |
|
|
2,185 |
|
|
|
18 |
|
| Exxon Mobil Corp |
|
|
54,899 |
|
|
|
1,885 |
|
| Frank’s International NV * |
|
|
9,174 |
|
|
|
14 |
|
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Golar LNG Ltd * |
|
|
3,888 |
|
|
$ |
24 |
|
| Halliburton Co |
|
|
4,450 |
|
|
|
54 |
|
| Helmerich & Payne Inc |
|
|
1,494 |
|
|
|
22 |
|
| Hess Corp |
|
|
4,195 |
|
|
|
172 |
|
| HollyFrontier Corp |
|
|
3,119 |
|
|
|
61 |
|
| International Seaways Inc |
|
|
1,773 |
|
|
|
26 |
|
| Kinder Morgan Inc |
|
|
21,442 |
|
|
|
264 |
|
| Magnolia Oil & Gas Corp * |
|
|
3,984 |
|
|
|
21 |
|
| Marathon Oil Corp |
|
|
5,472 |
|
|
|
22 |
|
| Marathon Petroleum Corp |
|
|
7,000 |
|
|
|
205 |
|
| Murphy Oil Corp |
|
|
449 |
|
|
|
4 |
|
| Nabors Industries Ltd * |
|
|
367 |
|
|
|
9 |
|
| National Oilwell Varco Inc * |
|
|
482 |
|
|
|
4 |
|
| Noble Energy Inc |
|
|
6,179 |
|
|
|
53 |
|
| Occidental Petroleum Corp |
|
|
8,202 |
|
|
|
82 |
|
| Oceaneering International Inc * |
|
|
3,376 |
|
|
|
12 |
|
| ONEOK Inc |
|
|
3,505 |
|
|
|
91 |
|
| Parsley Energy Inc, Cl A |
|
|
2,802 |
|
|
|
26 |
|
| Patterson-UTI Energy Inc |
|
|
4,952 |
|
|
|
14 |
|
| PBF Energy Inc, Cl A * |
|
|
363 |
|
|
|
2 |
|
| Phillips 66 |
|
|
5,367 |
|
|
|
278 |
|
| Pioneer Natural Resources Co |
|
|
1,910 |
|
|
|
164 |
|
| Range Resources Corp * |
|
|
2,413 |
|
|
|
16 |
|
| RPC Inc * |
|
|
10,482 |
|
|
|
28 |
|
| Schlumberger NV |
|
|
41,175 |
|
|
|
641 |
|
| Southwestern Energy Co * |
|
|
21,739 |
|
|
|
51 |
|
| Targa Resources Corp |
|
|
11,252 |
|
|
|
158 |
|
| Valero Energy Corp |
|
|
4,715 |
|
|
|
204 |
|
| Williams Cos Inc/The |
|
|
11,002 |
|
|
|
216 |
|
| WPX Energy Inc * |
|
|
3,940 |
|
|
|
19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,330 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financials — 10.2% |
|
|
|
|
|
|
|
|
| Affiliated Managers Group Inc |
|
|
910 |
|
|
|
62 |
|
| Aflac Inc |
|
|
6,398 |
|
|
|
233 |
|
| AGNC Investment
Corp ‡ |
|
|
2,838 |
|
|
|
39 |
|
| Alleghany Corp * |
|
|
15 |
|
|
|
8 |
|
| Allegiance Bancshares Inc |
|
|
1,318 |
|
|
|
31 |
|
| Allstate Corp/The |
|
|
3,458 |
|
|
|
326 |
|
| Ally Financial Inc |
|
|
1,575 |
|
|
|
39 |
|
| American Express Co |
|
|
9,360 |
|
|
|
938 |
|
| American Financial Group Inc/OH |
|
|
449 |
|
|
|
30 |
|
| American Homes 4 Rent, Cl A ‡ |
|
|
1,974 |
|
|
|
56 |
|
| American International Group Inc |
|
|
4,494 |
|
|
|
124 |
|
| American National Group Inc |
|
|
421 |
|
|
|
28 |
|
| Ameriprise Financial Inc |
|
|
1,250 |
|
|
|
193 |
|
| Ameris Bancorp |
|
|
1,129 |
|
|
|
26 |
|
| AMERISAFE Inc |
|
|
743 |
|
|
|
43 |
|
| Annaly Capital Management
Inc ‡ |
|
|
8,922 |
|
|
|
64 |
|
| Aon PLC, Cl A |
|
|
2,247 |
|
|
|
464 |
|
| Apollo Commercial Real Estate Finance Inc ‡ |
|
|
2,686 |
|
|
|
24 |
|
| Arch Capital Group Ltd * |
|
|
2,404 |
|
|
|
70 |
|
|
|
|
| |
|
| 4 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund (Continued)
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Argo Group International Holdings Ltd |
|
|
750 |
|
|
$ |
26 |
|
| ARMOUR Residential REIT
Inc ‡ |
|
|
2,854 |
|
|
|
27 |
|
| Arthur J Gallagher & Co |
|
|
743 |
|
|
|
78 |
|
| Artisan Partners Asset Management Inc, Cl A |
|
|
1,589 |
|
|
|
62 |
|
| Assetmark Financial Holdings Inc * |
|
|
1,796 |
|
|
|
39 |
|
| Associated Banc-Corp |
|
|
4,274 |
|
|
|
54 |
|
| Assurant Inc |
|
|
87 |
|
|
|
11 |
|
| Assured Guaranty Ltd |
|
|
994 |
|
|
|
21 |
|
| Athene Holding Ltd, Cl A * |
|
|
1,071 |
|
|
|
36 |
|
| Atlantic Union Bankshares Corp |
|
|
1,302 |
|
|
|
28 |
|
| Axis Capital Holdings Ltd |
|
|
825 |
|
|
|
36 |
|
| Axos Financial Inc * |
|
|
1,657 |
|
|
|
39 |
|
| Banc of California Inc |
|
|
2,959 |
|
|
|
30 |
|
| BancorpSouth Bank |
|
|
1,525 |
|
|
|
30 |
|
| Bank of America Corp |
|
|
100,949 |
|
|
|
2,432 |
|
| Bank of Hawaii Corp |
|
|
1,051 |
|
|
|
53 |
|
| Bank of Marin Bancorp |
|
|
1,079 |
|
|
|
31 |
|
| Bank of New York Mellon Corp/The |
|
|
12,656 |
|
|
|
435 |
|
| Bank of NT Butterfield & Son Ltd/The |
|
|
1,324 |
|
|
|
29 |
|
| Bank OZK |
|
|
366 |
|
|
|
8 |
|
| BankUnited Inc |
|
|
2,418 |
|
|
|
53 |
|
| Banner Corp |
|
|
851 |
|
|
|
27 |
|
| Berkshire Hathaway Inc, Cl B * |
|
|
26,624 |
|
|
|
5,669 |
|
| Berkshire Hills Bancorp Inc |
|
|
1,501 |
|
|
|
15 |
|
| BGC Partners Inc, Cl A |
|
|
8,389 |
|
|
|
20 |
|
| BlackRock Inc, Cl A |
|
|
1,878 |
|
|
|
1,058 |
|
| Blackstone Mortgage Trust Inc, Cl A ‡ |
|
|
1,347 |
|
|
|
30 |
|
| BOK Financial Corp |
|
|
568 |
|
|
|
29 |
|
| Boston Private Financial Holdings Inc |
|
|
4,112 |
|
|
|
23 |
|
| Bridge Bancorp Inc |
|
|
1,467 |
|
|
|
26 |
|
| Brighthouse Financial Inc * |
|
|
268 |
|
|
|
7 |
|
| Brown & Brown Inc |
|
|
290 |
|
|
|
13 |
|
| Bryn Mawr Bank Corp |
|
|
1,221 |
|
|
|
30 |
|
| Camden National Corp |
|
|
1,097 |
|
|
|
33 |
|
| Capital One Financial Corp |
|
|
4,592 |
|
|
|
330 |
|
| Capitol Federal Financial Inc |
|
|
3,529 |
|
|
|
33 |
|
| Capstead Mortgage
Corp ‡ |
|
|
6,235 |
|
|
|
35 |
|
| Cathay General Bancorp |
|
|
1,291 |
|
|
|
28 |
|
| Cboe Global Markets Inc |
|
|
99 |
|
|
|
9 |
|
| Central Pacific Financial Corp |
|
|
1,651 |
|
|
|
22 |
|
| Charles Schwab Corp/The |
|
|
13,043 |
|
|
|
473 |
|
| Chimera Investment
Corp ‡ |
|
|
2,402 |
|
|
|
20 |
|
| Chubb Ltd |
|
|
6,169 |
|
|
|
716 |
|
| Cincinnati Financial Corp |
|
|
891 |
|
|
|
69 |
|
| CIT Group Inc |
|
|
1,060 |
|
|
|
19 |
|
| Citigroup Inc |
|
|
25,211 |
|
|
|
1,087 |
|
| Citizens Financial Group Inc |
|
|
2,381 |
|
|
|
60 |
|
| City Holding Co |
|
|
607 |
|
|
|
35 |
|
| CME Group Inc, Cl A |
|
|
4,726 |
|
|
|
791 |
|
| CNA Financial Corp |
|
|
253 |
|
|
|
8 |
|
| Cohen & Steers Inc |
|
|
764 |
|
|
|
43 |
|
| Colony Credit Real Estate
Inc *‡ |
|
|
3,608 |
|
|
|
18 |
|
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Columbia Banking System Inc |
|
|
1,223 |
|
|
$ |
29 |
|
| Comerica Inc |
|
|
1,232 |
|
|
|
47 |
|
| Commerce Bancshares Inc/MO |
|
|
1,488 |
|
|
|
84 |
|
| Community Bank System Inc |
|
|
710 |
|
|
|
39 |
|
| ConnectOne Bancorp Inc |
|
|
1,891 |
|
|
|
27 |
|
| Credit Acceptance Corp * |
|
|
177 |
|
|
|
60 |
|
| Cullen/Frost Bankers Inc |
|
|
850 |
|
|
|
54 |
|
| CVB Financial Corp |
|
|
2,268 |
|
|
|
38 |
|
| Discover Financial Services |
|
|
26,226 |
|
|
|
1,515 |
|
| E*TRADE Financial Corp |
|
|
1,729 |
|
|
|
87 |
|
| Eagle Bancorp Inc |
|
|
1,035 |
|
|
|
28 |
|
| East West Bancorp Inc |
|
|
1,710 |
|
|
|
56 |
|
| eHealth Inc * |
|
|
512 |
|
|
|
40 |
|
| Ellington Financial
Inc ‡ |
|
|
2,748 |
|
|
|
34 |
|
| Enterprise Financial Services Corp |
|
|
1,063 |
|
|
|
29 |
|
| Equitable Holdings Inc |
|
|
432 |
|
|
|
8 |
|
| Erie Indemnity Co, Cl A |
|
|
433 |
|
|
|
91 |
|
| Essent Group Ltd |
|
|
970 |
|
|
|
36 |
|
| Evercore Inc, Cl A |
|
|
659 |
|
|
|
43 |
|
| Everest Re Group Ltd |
|
|
179 |
|
|
|
35 |
|
| FactSet Research Systems Inc |
|
|
306 |
|
|
|
102 |
|
| FB Financial Corp |
|
|
1,250 |
|
|
|
31 |
|
| Federal Agricultural Mortgage Corp, Cl C |
|
|
597 |
|
|
|
38 |
|
| Federated Hermes Inc, Cl B |
|
|
1,492 |
|
|
|
32 |
|
| Fidelity National Financial Inc |
|
|
1,063 |
|
|
|
33 |
|
| Fifth Third Bancorp |
|
|
4,599 |
|
|
|
98 |
|
| First American Financial Corp |
|
|
814 |
|
|
|
41 |
|
| First BanCorp/Puerto Rico |
|
|
4,571 |
|
|
|
24 |
|
| First Busey Corp |
|
|
1,790 |
|
|
|
28 |
|
| First Citizens BancShares Inc/NC, Cl A |
|
|
94 |
|
|
|
30 |
|
| First Commonwealth Financial Corp |
|
|
3,365 |
|
|
|
26 |
|
| First Financial Bancorp |
|
|
1,921 |
|
|
|
23 |
|
| First Financial Bankshares Inc |
|
|
1,378 |
|
|
|
38 |
|
| First Hawaiian Inc |
|
|
3,126 |
|
|
|
45 |
|
| First Horizon National Corp |
|
|
6,041 |
|
|
|
57 |
|
| First Merchants Corp |
|
|
1,182 |
|
|
|
27 |
|
| First Midwest Bancorp Inc/IL |
|
|
2,129 |
|
|
|
23 |
|
| First Republic Bank/CA |
|
|
831 |
|
|
|
91 |
|
| FirstCash Inc |
|
|
612 |
|
|
|
35 |
|
| FNB Corp/PA |
|
|
3,907 |
|
|
|
26 |
|
| Franklin Resources Inc |
|
|
6,856 |
|
|
|
140 |
|
| Fulton Financial Corp |
|
|
2,789 |
|
|
|
26 |
|
| Genworth Financial Inc, Cl A * |
|
|
10,439 |
|
|
|
35 |
|
| German American Bancorp Inc |
|
|
1,414 |
|
|
|
38 |
|
| Globe Life Inc |
|
|
108 |
|
|
|
9 |
|
| Goldman Sachs Group Inc/The |
|
|
3,960 |
|
|
|
796 |
|
| Goosehead Insurance Inc, Cl A * |
|
|
215 |
|
|
|
19 |
|
| Great Western Bancorp Inc |
|
|
1,390 |
|
|
|
17 |
|
| Hancock Whitney Corp |
|
|
1,142 |
|
|
|
21 |
|
| Hannon Armstrong Sustainable Infrastructure Capital Inc |
|
|
30,657 |
|
|
|
1,296 |
|
| Hanover Insurance Group Inc/The |
|
|
694 |
|
|
|
65 |
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
5 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund (Continued)
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| HarborOne Bancorp Inc |
|
|
4,621 |
|
|
$ |
37 |
|
| Hartford Financial Services Group Inc/The |
|
|
4,042 |
|
|
|
149 |
|
| Heartland Financial USA Inc |
|
|
1,003 |
|
|
|
30 |
|
| Heritage Financial Corp/WA |
|
|
1,744 |
|
|
|
32 |
|
| Home BancShares Inc/AR |
|
|
2,523 |
|
|
|
38 |
|
| HomeStreet Inc |
|
|
1,465 |
|
|
|
38 |
|
| Hope Bancorp Inc |
|
|
3,233 |
|
|
|
25 |
|
| Horace Mann Educators Corp |
|
|
1,125 |
|
|
|
38 |
|
| Houlihan Lokey Inc, Cl A |
|
|
1,032 |
|
|
|
61 |
|
| Huntington Bancshares Inc/OH |
|
|
6,282 |
|
|
|
58 |
|
| Independent Bank Corp |
|
|
580 |
|
|
|
30 |
|
| Independent Bank Group Inc |
|
|
846 |
|
|
|
37 |
|
| Intercontinental Exchange Inc |
|
|
6,879 |
|
|
|
688 |
|
| International Bancshares Corp |
|
|
1,137 |
|
|
|
30 |
|
| Invesco Ltd |
|
|
18,276 |
|
|
|
209 |
|
| Invesco Mortgage Capital
Inc ‡ |
|
|
3,234 |
|
|
|
9 |
|
| Investors Bancorp Inc |
|
|
4,061 |
|
|
|
29 |
|
| James River Group Holdings Ltd |
|
|
1,180 |
|
|
|
53 |
|
| Jefferies Financial Group Inc |
|
|
2,313 |
|
|
|
42 |
|
| JPMorgan Chase & Co |
|
|
52,401 |
|
|
|
5,045 |
|
| KeyCorp |
|
|
12,904 |
|
|
|
154 |
|
| Kinsale Capital Group Inc |
|
|
73 |
|
|
|
14 |
|
| KKR & Co
Inc ‡ |
|
|
1,439 |
|
|
|
49 |
|
| KKR Real Estate Finance Trust Inc |
|
|
2,440 |
|
|
|
40 |
|
| Lakeland Bancorp Inc |
|
|
2,890 |
|
|
|
29 |
|
| Lazard Ltd, Cl A (A) |
|
|
2,316 |
|
|
|
77 |
|
| LendingTree Inc * |
|
|
175 |
|
|
|
54 |
|
| Lincoln National Corp |
|
|
3,621 |
|
|
|
113 |
|
| Loews Corp |
|
|
222 |
|
|
|
8 |
|
| LPL Financial Holdings Inc |
|
|
1,036 |
|
|
|
79 |
|
| M&T Bank Corp |
|
|
929 |
|
|
|
86 |
|
| Markel Corp * |
|
|
48 |
|
|
|
47 |
|
| MarketAxess Holdings Inc |
|
|
58 |
|
|
|
28 |
|
| Marsh & McLennan Cos Inc |
|
|
16,703 |
|
|
|
1,916 |
|
| Mercury General Corp |
|
|
233 |
|
|
|
10 |
|
| Meta Financial Group Inc |
|
|
1,407 |
|
|
|
27 |
|
| MetLife Inc |
|
|
7,024 |
|
|
|
261 |
|
| MFA Financial
Inc ‡ |
|
|
6,337 |
|
|
|
17 |
|
| MGIC Investment Corp |
|
|
3,455 |
|
|
|
31 |
|
| Moelis & Co, Cl A |
|
|
1,564 |
|
|
|
55 |
|
| Moody’s Corp |
|
|
1,782 |
|
|
|
516 |
|
| Morgan Stanley |
|
|
35,755 |
|
|
|
1,729 |
|
| Morningstar Inc |
|
|
1,261 |
|
|
|
203 |
|
| Mr Cooper Group Inc * |
|
|
3,903 |
|
|
|
87 |
|
| MSCI Inc, Cl A |
|
|
1,669 |
|
|
|
595 |
|
| Nasdaq Inc |
|
|
2,378 |
|
|
|
292 |
|
| Navient Corp |
|
|
3,513 |
|
|
|
30 |
|
| NBT Bancorp Inc |
|
|
1,213 |
|
|
|
33 |
|
| Nelnet Inc, Cl A |
|
|
793 |
|
|
|
48 |
|
| New Residential Investment
Corp ‡ |
|
|
14,139 |
|
|
|
112 |
|
| New York Community Bancorp Inc |
|
|
951 |
|
|
|
8 |
|
| New York Mortgage Trust
Inc ‡ |
|
|
7,776 |
|
|
|
20 |
|
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| NMI Holdings Inc, Cl A * |
|
|
1,470 |
|
|
$ |
26 |
|
| Northern Trust Corp |
|
|
7,549 |
|
|
|
589 |
|
| Northfield Bancorp Inc |
|
|
2,868 |
|
|
|
26 |
|
| OFG Bancorp |
|
|
2,119 |
|
|
|
26 |
|
| Old National Bancorp/IN |
|
|
2,680 |
|
|
|
34 |
|
| Old Republic International Corp |
|
|
2,203 |
|
|
|
32 |
|
| OneMain Holdings Inc, Cl A |
|
|
258 |
|
|
|
8 |
|
| Pacific Premier Bancorp Inc |
|
|
3,188 |
|
|
|
64 |
|
| PacWest Bancorp |
|
|
1,283 |
|
|
|
22 |
|
| Palomar Holdings Inc, Cl A * |
|
|
929 |
|
|
|
97 |
|
| PennyMac Mortgage Investment Trust ‡ |
|
|
2,215 |
|
|
|
36 |
|
| People’s United Financial Inc |
|
|
5,001 |
|
|
|
52 |
|
| Pinnacle Financial Partners Inc |
|
|
1,489 |
|
|
|
53 |
|
| PNC Financial Services Group Inc/The |
|
|
5,690 |
|
|
|
625 |
|
| PRA Group Inc * |
|
|
1,320 |
|
|
|
53 |
|
| Preferred Bank/Los Angeles CA |
|
|
845 |
|
|
|
27 |
|
| Principal Financial Group Inc |
|
|
662 |
|
|
|
27 |
|
| ProAssurance Corp |
|
|
1,351 |
|
|
|
21 |
|
| Progressive Corp/The |
|
|
6,981 |
|
|
|
661 |
|
| ProSight Global Inc * |
|
|
2,999 |
|
|
|
34 |
|
| Prosperity Bancshares Inc |
|
|
1,192 |
|
|
|
62 |
|
| Provident Financial Services Inc |
|
|
1,988 |
|
|
|
24 |
|
| Prudential Financial Inc |
|
|
16,015 |
|
|
|
1,017 |
|
| Radian Group Inc |
|
|
1,924 |
|
|
|
28 |
|
| Raymond James Financial Inc |
|
|
980 |
|
|
|
71 |
|
| Redwood Trust
Inc ‡ |
|
|
2,992 |
|
|
|
22 |
|
| Regions Financial Corp |
|
|
72,286 |
|
|
|
833 |
|
| Reinsurance Group of America Inc, Cl A |
|
|
578 |
|
|
|
55 |
|
| Renasant Corp |
|
|
1,366 |
|
|
|
31 |
|
| RLI Corp |
|
|
545 |
|
|
|
46 |
|
| S&P Global Inc |
|
|
7,167 |
|
|
|
2,584 |
|
| S&T Bancorp Inc |
|
|
1,247 |
|
|
|
22 |
|
| Sandy Spring Bancorp Inc |
|
|
1,350 |
|
|
|
31 |
|
| Santander Consumer USA Holdings Inc |
|
|
476 |
|
|
|
9 |
|
| Seacoast Banking Corp of Florida * |
|
|
1,616 |
|
|
|
29 |
|
| Selective Insurance Group Inc |
|
|
739 |
|
|
|
38 |
|
| ServisFirst Bancshares Inc |
|
|
1,306 |
|
|
|
44 |
|
| Signature Bank/New York NY |
|
|
676 |
|
|
|
56 |
|
| Simmons First National Corp, Cl A |
|
|
1,836 |
|
|
|
29 |
|
| SLM Corp |
|
|
8,316 |
|
|
|
67 |
|
| South State Corp |
|
|
1,155 |
|
|
|
56 |
|
| Starwood Property Trust
Inc ‡ |
|
|
2,000 |
|
|
|
30 |
|
| State Street Corp |
|
|
9,970 |
|
|
|
592 |
|
| Sterling Bancorp/DE |
|
|
2,321 |
|
|
|
24 |
|
| Stifel Financial Corp |
|
|
807 |
|
|
|
41 |
|
| SVB Financial Group * |
|
|
346 |
|
|
|
83 |
|
| Synchrony Financial |
|
|
4,720 |
|
|
|
124 |
|
| Synovus Financial Corp |
|
|
1,267 |
|
|
|
27 |
|
| T Rowe Price Group Inc |
|
|
2,711 |
|
|
|
348 |
|
| TCF Financial Corp |
|
|
1,085 |
|
|
|
25 |
|
| TD Ameritrade Holding Corp |
|
|
221 |
|
|
|
9 |
|
| Texas Capital Bancshares Inc * |
|
|
822 |
|
|
|
26 |
|
|
|
|
| |
|
| 6 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund (Continued)
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| TFS Financial Corp |
|
|
573 |
|
|
$ |
8 |
|
| TPG RE Finance Trust
Inc ‡ |
|
|
2,439 |
|
|
|
21 |
|
| Travelers Cos Inc/The |
|
|
2,743 |
|
|
|
297 |
|
| TriCo Bancshares |
|
|
1,219 |
|
|
|
30 |
|
| TriState Capital Holdings Inc * |
|
|
1,917 |
|
|
|
25 |
|
| Triumph Bancorp Inc * |
|
|
1,296 |
|
|
|
40 |
|
| Truist Financial Corp |
|
|
16,871 |
|
|
|
642 |
|
| Trustmark Corp |
|
|
1,410 |
|
|
|
30 |
|
| Two Harbors Investment
Corp ‡ |
|
|
6,390 |
|
|
|
33 |
|
| UMB Financial Corp |
|
|
715 |
|
|
|
35 |
|
| Umpqua Holdings Corp |
|
|
2,753 |
|
|
|
29 |
|
| Universal Insurance Holdings Inc |
|
|
1,696 |
|
|
|
23 |
|
| Univest Financial Corp |
|
|
1,820 |
|
|
|
26 |
|
| Unum Group |
|
|
1,638 |
|
|
|
28 |
|
| US Bancorp |
|
|
20,106 |
|
|
|
721 |
|
| Valley National Bancorp |
|
|
4,269 |
|
|
|
29 |
|
| Veritex Holdings Inc |
|
|
1,729 |
|
|
|
29 |
|
| Virtu Financial Inc, Cl A |
|
|
3,026 |
|
|
|
70 |
|
| Voya Financial Inc |
|
|
4,001 |
|
|
|
192 |
|
| W R Berkley Corp |
|
|
165 |
|
|
|
10 |
|
| Waddell & Reed Financial Inc, Cl A |
|
|
2,974 |
|
|
|
44 |
|
| Walker & Dunlop Inc |
|
|
749 |
|
|
|
40 |
|
| Washington Trust Bancorp Inc |
|
|
924 |
|
|
|
28 |
|
| Webster Financial Corp |
|
|
934 |
|
|
|
25 |
|
| Wells Fargo & Co |
|
|
45,866 |
|
|
|
1,078 |
|
| Westamerica BanCorp |
|
|
731 |
|
|
|
40 |
|
| Western Alliance Bancorp |
|
|
1,801 |
|
|
|
57 |
|
| Willis Towers Watson PLC |
|
|
907 |
|
|
|
189 |
|
| Wintrust Financial Corp |
|
|
708 |
|
|
|
28 |
|
| Zions Bancorp NA |
|
|
1,771 |
|
|
|
52 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Health Care — 14.1% |
|
|
|
|
|
|
|
|
| Abbott Laboratories |
|
|
35,040 |
|
|
|
3,813 |
|
| AbbVie Inc |
|
|
25,124 |
|
|
|
2,201 |
|
| ABIOMED Inc * |
|
|
332 |
|
|
|
92 |
|
| Acadia Healthcare Co Inc * |
|
|
1,517 |
|
|
|
45 |
|
| Acceleron Pharma Inc * |
|
|
123 |
|
|
|
14 |
|
| Adaptive Biotechnologies Corp * |
|
|
1,704 |
|
|
|
83 |
|
| Adverum Biotechnologies Inc * |
|
|
4,537 |
|
|
|
47 |
|
| Aerie Pharmaceuticals Inc * |
|
|
2,282 |
|
|
|
27 |
|
| Agilent Technologies Inc |
|
|
7,874 |
|
|
|
795 |
|
| Agios Pharmaceuticals Inc * |
|
|
1,062 |
|
|
|
37 |
|
| Aimmune Therapeutics Inc * |
|
|
1,579 |
|
|
|
54 |
|
| Akebia Therapeutics Inc * |
|
|
1,063 |
|
|
|
3 |
|
| Alector Inc * |
|
|
2,628 |
|
|
|
28 |
|
| Alexion Pharmaceuticals Inc * |
|
|
1,593 |
|
|
|
182 |
|
| Align Technology Inc * |
|
|
602 |
|
|
|
197 |
|
| Alkermes PLC * |
|
|
2,433 |
|
|
|
40 |
|
| Allakos Inc * |
|
|
378 |
|
|
|
31 |
|
| Allogene Therapeutics Inc * |
|
|
1,838 |
|
|
|
69 |
|
| Alnylam Pharmaceuticals Inc * |
|
|
1,202 |
|
|
|
175 |
|
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Amedisys Inc * |
|
|
56 |
|
|
$ |
13 |
|
| AmerisourceBergen Corp, Cl A |
|
|
266 |
|
|
|
26 |
|
| Amgen Inc |
|
|
11,116 |
|
|
|
2,825 |
|
| Amicus Therapeutics Inc * |
|
|
5,193 |
|
|
|
73 |
|
| AMN Healthcare Services Inc * |
|
|
832 |
|
|
|
49 |
|
| Anika Therapeutics Inc * |
|
|
920 |
|
|
|
33 |
|
| Anthem Inc |
|
|
2,728 |
|
|
|
733 |
|
| Apellis Pharmaceuticals Inc * |
|
|
1,618 |
|
|
|
49 |
|
| Apollo Medical Holdings Inc * |
|
|
2,730 |
|
|
|
49 |
|
| Arcus Biosciences Inc * |
|
|
2,371 |
|
|
|
41 |
|
| Arena Pharmaceuticals Inc * |
|
|
1,077 |
|
|
|
81 |
|
| Arrowhead Pharmaceuticals Inc * |
|
|
251 |
|
|
|
11 |
|
| Assembly Biosciences Inc * |
|
|
2,159 |
|
|
|
35 |
|
| Atara Biotherapeutics Inc * |
|
|
3,254 |
|
|
|
42 |
|
| Atrion Corp |
|
|
71 |
|
|
|
44 |
|
| Avanos Medical Inc * |
|
|
1,561 |
|
|
|
52 |
|
| Avantor Inc * |
|
|
2,699 |
|
|
|
61 |
|
| Axonics Modulation Technologies Inc * |
|
|
351 |
|
|
|
18 |
|
| Axsome Therapeutics Inc * |
|
|
618 |
|
|
|
44 |
|
| Baxter International Inc |
|
|
12,373 |
|
|
|
995 |
|
| Becton Dickinson and Co |
|
|
4,437 |
|
|
|
1,032 |
|
| BioCryst Pharmaceuticals Inc * |
|
|
26,852 |
|
|
|
92 |
|
| BioDelivery Sciences International Inc * |
|
|
7,746 |
|
|
|
29 |
|
| Biogen Inc * |
|
|
3,113 |
|
|
|
883 |
|
| Biohaven Pharmaceutical Holding Co Ltd * |
|
|
941 |
|
|
|
61 |
|
| BioMarin Pharmaceutical Inc * |
|
|
1,042 |
|
|
|
79 |
|
| Bio-Rad Laboratories Inc, Cl A * |
|
|
32 |
|
|
|
16 |
|
| BioSpecifics Technologies Corp * |
|
|
871 |
|
|
|
46 |
|
| Bio-Techne Corp |
|
|
53 |
|
|
|
13 |
|
| BioTelemetry Inc * |
|
|
1,100 |
|
|
|
50 |
|
| Bluebird Bio Inc * |
|
|
645 |
|
|
|
35 |
|
| Boston Scientific Corp * |
|
|
16,399 |
|
|
|
627 |
|
| Bridgebio Pharma Inc * |
|
|
1,432 |
|
|
|
54 |
|
| Bristol-Myers Squibb Co |
|
|
38,732 |
|
|
|
2,335 |
|
| Brookdale Senior Living Inc * |
|
|
7,397 |
|
|
|
19 |
|
| Bruker Corp |
|
|
233 |
|
|
|
9 |
|
| Cantel Medical Corp * |
|
|
163 |
|
|
|
7 |
|
| Cara Therapeutics Inc * |
|
|
2,942 |
|
|
|
37 |
|
| Cardinal Health Inc |
|
|
2,213 |
|
|
|
104 |
|
| Catalent Inc * |
|
|
949 |
|
|
|
81 |
|
| Catalyst Pharmaceuticals Inc * |
|
|
11,416 |
|
|
|
34 |
|
| Centene Corp * |
|
|
4,805 |
|
|
|
280 |
|
| Cerner Corp |
|
|
16,243 |
|
|
|
1,174 |
|
| Change Healthcare Inc * |
|
|
3,522 |
|
|
|
51 |
|
| Charles River Laboratories International Inc * |
|
|
77 |
|
|
|
17 |
|
| Chemed Corp |
|
|
114 |
|
|
|
55 |
|
| ChemoCentryx Inc * |
|
|
2,278 |
|
|
|
125 |
|
| Cigna Corp |
|
|
4,819 |
|
|
|
816 |
|
| Constellation Pharmaceuticals Inc * |
|
|
1,060 |
|
|
|
21 |
|
| Cooper Cos Inc/The |
|
|
236 |
|
|
|
80 |
|
| Corbus Pharmaceuticals Holdings Inc * |
|
|
1,468 |
|
|
|
3 |
|
| Corcept Therapeutics Inc * |
|
|
3,878 |
|
|
|
67 |
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
7 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund (Continued)
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| CorVel Corp * |
|
|
606 |
|
|
$ |
52 |
|
| Covetrus Inc * |
|
|
1,045 |
|
|
|
25 |
|
| Crinetics Pharmaceuticals Inc * |
|
|
2,310 |
|
|
|
36 |
|
| Cue Biopharma Inc * |
|
|
2,087 |
|
|
|
31 |
|
| CVS Health Corp |
|
|
28,143 |
|
|
|
1,644 |
|
| Cytokinetics Inc * |
|
|
7,134 |
|
|
|
154 |
|
| Danaher Corp |
|
|
8,116 |
|
|
|
1,748 |
|
| DaVita Inc * |
|
|
160 |
|
|
|
14 |
|
| Deciphera Pharmaceuticals Inc * |
|
|
716 |
|
|
|
37 |
|
| Denali Therapeutics Inc * |
|
|
2,631 |
|
|
|
94 |
|
| DENTSPLY SIRONA Inc |
|
|
3,113 |
|
|
|
136 |
|
| DexCom Inc * |
|
|
847 |
|
|
|
349 |
|
| Dicerna Pharmaceuticals Inc * |
|
|
1,898 |
|
|
|
34 |
|
| Dynavax Technologies Corp * |
|
|
8,733 |
|
|
|
38 |
|
| Eagle Pharmaceuticals Inc/DE * |
|
|
828 |
|
|
|
35 |
|
| Editas Medicine Inc * |
|
|
1,596 |
|
|
|
45 |
|
| Edwards Lifesciences Corp * |
|
|
8,484 |
|
|
|
677 |
|
| Eidos Therapeutics Inc * |
|
|
786 |
|
|
|
40 |
|
| Elanco Animal Health Inc * |
|
|
398 |
|
|
|
11 |
|
| Eli Lilly and Co |
|
|
11,942 |
|
|
|
1,768 |
|
| Emergent BioSolutions Inc * |
|
|
950 |
|
|
|
98 |
|
| Enanta Pharmaceuticals Inc * |
|
|
785 |
|
|
|
36 |
|
| Encompass Health Corp |
|
|
164 |
|
|
|
11 |
|
| Envista Holdings Corp * |
|
|
1,731 |
|
|
|
43 |
|
| Epizyme Inc * |
|
|
2,749 |
|
|
|
33 |
|
| Esperion Therapeutics Inc * |
|
|
962 |
|
|
|
36 |
|
| Evofem Biosciences Inc * |
|
|
1,811 |
|
|
|
4 |
|
| Exact Sciences Corp * |
|
|
930 |
|
|
|
95 |
|
| Exelixis Inc * |
|
|
4,344 |
|
|
|
106 |
|
| Fate Therapeutics Inc * |
|
|
3,277 |
|
|
|
131 |
|
| FibroGen Inc * |
|
|
1,053 |
|
|
|
43 |
|
| Flexion Therapeutics Inc * |
|
|
2,711 |
|
|
|
28 |
|
| G1 Therapeutics Inc * |
|
|
1,715 |
|
|
|
20 |
|
| Gilead Sciences Inc |
|
|
18,126 |
|
|
|
1,145 |
|
| Glaukos Corp * |
|
|
167 |
|
|
|
8 |
|
| Global Blood Therapeutics Inc * |
|
|
643 |
|
|
|
35 |
|
| Globus Medical Inc, Cl A * |
|
|
851 |
|
|
|
42 |
|
| Gossamer Bio Inc * |
|
|
3,279 |
|
|
|
41 |
|
| Halozyme Therapeutics Inc * |
|
|
2,641 |
|
|
|
69 |
|
| Hanger Inc * |
|
|
1,891 |
|
|
|
30 |
|
| Harpoon Therapeutics Inc * |
|
|
2,825 |
|
|
|
48 |
|
| HCA Healthcare Inc * |
|
|
2,314 |
|
|
|
288 |
|
| Health Catalyst Inc * |
|
|
1,594 |
|
|
|
58 |
|
| HealthEquity Inc * |
|
|
673 |
|
|
|
35 |
|
| Henry Schein Inc * |
|
|
2,612 |
|
|
|
154 |
|
| Heron Therapeutics Inc * |
|
|
1,977 |
|
|
|
29 |
|
| Heska Corp * |
|
|
532 |
|
|
|
53 |
|
| Hill-Rom Holdings Inc |
|
|
825 |
|
|
|
69 |
|
| HMS Holdings Corp * |
|
|
1,707 |
|
|
|
41 |
|
| Hologic Inc * |
|
|
927 |
|
|
|
62 |
|
| Horizon Therapeutics Plc * |
|
|
1,437 |
|
|
|
112 |
|
| Humana Inc |
|
|
1,529 |
|
|
|
633 |
|
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| ICU Medical Inc * |
|
|
62 |
|
|
$ |
11 |
|
| IDEXX Laboratories Inc * |
|
|
707 |
|
|
|
278 |
|
| Illumina Inc * |
|
|
3,200 |
|
|
|
989 |
|
| Immunomedics Inc * |
|
|
267 |
|
|
|
23 |
|
| Incyte Corp * |
|
|
1,063 |
|
|
|
95 |
|
| Innoviva Inc * |
|
|
3,557 |
|
|
|
37 |
|
| Inogen Inc * |
|
|
706 |
|
|
|
20 |
|
| Inovalon Holdings Inc, Cl A * |
|
|
464 |
|
|
|
12 |
|
| Inovio Pharmaceuticals Inc * |
|
|
2,095 |
|
|
|
24 |
|
| Insmed Inc * |
|
|
2,129 |
|
|
|
68 |
|
| Inspire Medical Systems Inc * |
|
|
110 |
|
|
|
14 |
|
| Insulet Corp * |
|
|
65 |
|
|
|
15 |
|
| Integer Holdings Corp * |
|
|
625 |
|
|
|
37 |
|
| Integra LifeSciences Holdings Corp * |
|
|
188 |
|
|
|
9 |
|
| Intercept Pharmaceuticals Inc * |
|
|
417 |
|
|
|
17 |
|
| Intra-Cellular Therapies Inc * |
|
|
3,894 |
|
|
|
100 |
|
| Intuitive Surgical Inc * |
|
|
1,403 |
|
|
|
995 |
|
| Invitae Corp * |
|
|
330 |
|
|
|
14 |
|
| Ionis Pharmaceuticals Inc * |
|
|
782 |
|
|
|
37 |
|
| Iovance Biotherapeutics Inc * |
|
|
1,782 |
|
|
|
59 |
|
| IQVIA Holdings Inc * |
|
|
1,378 |
|
|
|
217 |
|
| Ironwood Pharmaceuticals Inc, Cl A * |
|
|
3,844 |
|
|
|
35 |
|
| Johnson & Johnson |
|
|
40,148 |
|
|
|
5,977 |
|
| Kala Pharmaceuticals Inc * |
|
|
7,142 |
|
|
|
54 |
|
| Karuna Therapeutics Inc * |
|
|
717 |
|
|
|
55 |
|
| Karyopharm Therapeutics Inc * |
|
|
2,929 |
|
|
|
43 |
|
| Kiniksa Pharmaceuticals Ltd, Cl A * |
|
|
4,016 |
|
|
|
62 |
|
| Kodiak Sciences Inc * |
|
|
702 |
|
|
|
42 |
|
| Krystal Biotech Inc * |
|
|
823 |
|
|
|
35 |
|
| Kura Oncology Inc * |
|
|
3,438 |
|
|
|
105 |
|
| Laboratory Corp of America Holdings * |
|
|
515 |
|
|
|
97 |
|
| Lantheus Holdings Inc * |
|
|
2,408 |
|
|
|
30 |
|
| LHC Group Inc * |
|
|
57 |
|
|
|
12 |
|
| Ligand Pharmaceuticals Inc * |
|
|
462 |
|
|
|
44 |
|
| LivaNova PLC * |
|
|
657 |
|
|
|
30 |
|
| Livongo Health Inc * |
|
|
1,898 |
|
|
|
266 |
|
| Luminex Corp |
|
|
2,284 |
|
|
|
60 |
|
| MacroGenics Inc * |
|
|
1,782 |
|
|
|
45 |
|
| Madrigal Pharmaceuticals Inc * |
|
|
531 |
|
|
|
63 |
|
| McKesson Corp |
|
|
1,078 |
|
|
|
161 |
|
| MEDNAX Inc * |
|
|
417 |
|
|
|
7 |
|
| Merck & Co Inc |
|
|
39,446 |
|
|
|
3,272 |
|
| Meridian Bioscience Inc * |
|
|
5,130 |
|
|
|
87 |
|
| Mettler-Toledo International Inc * |
|
|
1,565 |
|
|
|
1,511 |
|
| Mirati Therapeutics Inc * |
|
|
429 |
|
|
|
71 |
|
| Moderna Inc * |
|
|
4,368 |
|
|
|
309 |
|
| Mylan NV * |
|
|
607 |
|
|
|
9 |
|
| MyoKardia Inc * |
|
|
751 |
|
|
|
102 |
|
| Myriad Genetics Inc * |
|
|
1,860 |
|
|
|
24 |
|
| Natera Inc * |
|
|
229 |
|
|
|
17 |
|
| National Research Corp * |
|
|
779 |
|
|
|
38 |
|
| Natus Medical Inc * |
|
|
1,614 |
|
|
|
28 |
|
|
|
|
| |
|
| 8 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund (Continued)
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Nektar Therapeutics, Cl A * |
|
|
2,328 |
|
|
$ |
39 |
|
| Neogen Corp * |
|
|
721 |
|
|
|
56 |
|
| Neurocrine Biosciences Inc * |
|
|
1,089 |
|
|
|
105 |
|
| Nevro Corp * |
|
|
83 |
|
|
|
12 |
|
| NextCure Inc * |
|
|
952 |
|
|
|
8 |
|
| NextGen Healthcare Inc * |
|
|
3,392 |
|
|
|
43 |
|
| Novavax Inc * |
|
|
570 |
|
|
|
62 |
|
| Option Care Health Inc * |
|
|
648 |
|
|
|
9 |
|
| OraSure Technologies Inc * |
|
|
6,042 |
|
|
|
74 |
|
| Pennant Group Inc/The * |
|
|
1,609 |
|
|
|
62 |
|
| Penumbra Inc * |
|
|
72 |
|
|
|
14 |
|
| PerkinElmer Inc |
|
|
120 |
|
|
|
15 |
|
| Pfizer Inc |
|
|
86,529 |
|
|
|
3,176 |
|
| Phreesia Inc * |
|
|
361 |
|
|
|
12 |
|
| PRA Health Sciences Inc * |
|
|
108 |
|
|
|
11 |
|
| Premier Inc, Cl A |
|
|
2,266 |
|
|
|
74 |
|
| PTC Therapeutics Inc * |
|
|
1,021 |
|
|
|
48 |
|
| Puma Biotechnology Inc * |
|
|
5,574 |
|
|
|
56 |
|
| QIAGEN NV * |
|
|
2,338 |
|
|
|
122 |
|
| Quest Diagnostics Inc |
|
|
865 |
|
|
|
99 |
|
| Radius Health Inc * |
|
|
2,352 |
|
|
|
27 |
|
| Regeneron Pharmaceuticals Inc * |
|
|
1,105 |
|
|
|
619 |
|
| Repligen Corp * |
|
|
553 |
|
|
|
82 |
|
| ResMed Inc |
|
|
2,930 |
|
|
|
502 |
|
| Retrophin Inc * |
|
|
3,434 |
|
|
|
63 |
|
| Revance Therapeutics Inc * |
|
|
3,056 |
|
|
|
77 |
|
| Rhythm Pharmaceuticals Inc * |
|
|
2,112 |
|
|
|
46 |
|
| Rubius Therapeutics Inc * |
|
|
3,679 |
|
|
|
18 |
|
| Sage Therapeutics Inc * |
|
|
516 |
|
|
|
32 |
|
| Sangamo Therapeutics Inc * |
|
|
1,002 |
|
|
|
9 |
|
| Sarepta Therapeutics Inc * |
|
|
87 |
|
|
|
12 |
|
| Scholar Rock Holding Corp * |
|
|
2,520 |
|
|
|
45 |
|
| Seattle Genetics Inc * |
|
|
750 |
|
|
|
147 |
|
| Shockwave Medical Inc * |
|
|
1,114 |
|
|
|
84 |
|
| Simulations Plus Inc |
|
|
1,477 |
|
|
|
111 |
|
| Sorrento Therapeutics Inc * |
|
|
12,406 |
|
|
|
138 |
|
| STAAR Surgical Co * |
|
|
193 |
|
|
|
11 |
|
| STERIS PLC |
|
|
1,661 |
|
|
|
293 |
|
| Stryker Corp |
|
|
3,932 |
|
|
|
819 |
|
| Supernus Pharmaceuticals Inc * |
|
|
2,174 |
|
|
|
45 |
|
| Surmodics Inc * |
|
|
1,169 |
|
|
|
45 |
|
| Syros Pharmaceuticals Inc * |
|
|
1,610 |
|
|
|
14 |
|
| Tactile Systems Technology Inc * |
|
|
728 |
|
|
|
27 |
|
| Tandem Diabetes Care Inc * |
|
|
144 |
|
|
|
16 |
|
| Teladoc Health Inc * |
|
|
55 |
|
|
|
12 |
|
| Teleflex Inc |
|
|
742 |
|
|
|
253 |
|
| TG Therapeutics Inc * |
|
|
4,916 |
|
|
|
132 |
|
| Theravance Biopharma Inc * |
|
|
2,200 |
|
|
|
33 |
|
| Thermo Fisher Scientific Inc |
|
|
5,343 |
|
|
|
2,359 |
|
| Translate Bio Inc * |
|
|
2,224 |
|
|
|
30 |
|
| Turning Point Therapeutics Inc * |
|
|
828 |
|
|
|
72 |
|
| Twist Bioscience Corp * |
|
|
1,681 |
|
|
|
128 |
|
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Ultragenyx Pharmaceutical Inc * |
|
|
1,143 |
|
|
$ |
94 |
|
| United Therapeutics Corp * |
|
|
559 |
|
|
|
56 |
|
| UnitedHealth Group Inc |
|
|
17,164 |
|
|
|
5,351 |
|
| Universal Health Services Inc, Cl B * |
|
|
80 |
|
|
|
9 |
|
| UroGen Pharma Ltd * |
|
|
1,543 |
|
|
|
30 |
|
| US Physical Therapy Inc * |
|
|
428 |
|
|
|
37 |
|
| Varex Imaging Corp * |
|
|
1,631 |
|
|
|
21 |
|
| Varian Medical Systems Inc * |
|
|
1,773 |
|
|
|
305 |
|
| VBI Vaccines Inc * |
|
|
14,663 |
|
|
|
42 |
|
| Veeva Systems Inc, Cl A * |
|
|
1,157 |
|
|
|
325 |
|
| Vertex Pharmaceuticals Inc * |
|
|
3,305 |
|
|
|
899 |
|
| Viking Therapeutics Inc * |
|
|
6,150 |
|
|
|
36 |
|
| Waters Corp * |
|
|
395 |
|
|
|
77 |
|
| West Pharmaceutical Services Inc |
|
|
1,875 |
|
|
|
515 |
|
| Wright Medical Group NV * |
|
|
1,682 |
|
|
|
51 |
|
| Zimmer Biomet Holdings Inc |
|
|
3,501 |
|
|
|
477 |
|
| Zoetis Inc, Cl A |
|
|
6,022 |
|
|
|
996 |
|
| Zogenix Inc * |
|
|
947 |
|
|
|
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
67,641 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Industrials — 8.4% |
|
|
|
|
|
|
|
|
| 3M Co |
|
|
10,841 |
|
|
|
1,736 |
|
| A O Smith Corp |
|
|
1,708 |
|
|
|
90 |
|
| AAON Inc |
|
|
997 |
|
|
|
60 |
|
| AAR Corp * |
|
|
1,101 |
|
|
|
21 |
|
| ABM Industries Inc |
|
|
1,349 |
|
|
|
49 |
|
| ACCO Brands Corp |
|
|
5,214 |
|
|
|
30 |
|
| Acuity Brands Inc |
|
|
84 |
|
|
|
9 |
|
| ADT Inc |
|
|
6,039 |
|
|
|
49 |
|
| AECOM * |
|
|
6,633 |
|
|
|
278 |
|
| AGCO Corp |
|
|
149 |
|
|
|
11 |
|
| Air Lease Corp, Cl A |
|
|
1,053 |
|
|
|
31 |
|
| Alamo Group Inc |
|
|
424 |
|
|
|
46 |
|
| Alaska Air Group Inc * |
|
|
10,133 |
|
|
|
371 |
|
| Allegion plc |
|
|
855 |
|
|
|
85 |
|
| Allison Transmission Holdings Inc |
|
|
1,870 |
|
|
|
66 |
|
| Altra Industrial Motion Corp |
|
|
1,437 |
|
|
|
53 |
|
| AMERCO * |
|
|
136 |
|
|
|
48 |
|
| American Airlines Group Inc * |
|
|
405 |
|
|
|
5 |
|
| American Woodmark Corp * |
|
|
461 |
|
|
|
36 |
|
| AMETEK Inc |
|
|
1,369 |
|
|
|
136 |
|
| Apogee Enterprises Inc |
|
|
1,229 |
|
|
|
26 |
|
| Applied Industrial Technologies Inc |
|
|
745 |
|
|
|
41 |
|
| ArcBest Corp |
|
|
1,766 |
|
|
|
55 |
|
| Arcosa Inc |
|
|
1,128 |
|
|
|
50 |
|
| Argan Inc |
|
|
1,315 |
|
|
|
55 |
|
| Armstrong World Industries Inc |
|
|
979 |
|
|
|
67 |
|
| ASGN Inc * |
|
|
723 |
|
|
|
46 |
|
| Astec Industries Inc |
|
|
1,175 |
|
|
|
64 |
|
| Avis Budget Group Inc * |
|
|
2,276 |
|
|
|
60 |
|
| Axon Enterprise Inc * |
|
|
1,934 |
|
|
|
175 |
|
| AZZ Inc |
|
|
1,071 |
|
|
|
37 |
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
9 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund (Continued)
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Barnes Group Inc |
|
|
807 |
|
|
$ |
29 |
|
| Bloom Energy Corp, Cl A * |
|
|
2,773 |
|
|
|
50 |
|
| Brady Corp, Cl A |
|
|
873 |
|
|
|
35 |
|
| Brink’s Co/The |
|
|
540 |
|
|
|
22 |
|
| Carlisle Cos Inc |
|
|
311 |
|
|
|
38 |
|
| Carrier Global Corp |
|
|
4,900 |
|
|
|
150 |
|
| CBIZ Inc * |
|
|
1,805 |
|
|
|
41 |
|
| CH Robinson Worldwide Inc |
|
|
148 |
|
|
|
15 |
|
| Chart Industries Inc * |
|
|
807 |
|
|
|
57 |
|
| Cimpress PLC * |
|
|
398 |
|
|
|
30 |
|
| Cintas Corp |
|
|
1,907 |
|
|
|
635 |
|
| CIRCOR International Inc * |
|
|
1,110 |
|
|
|
30 |
|
| Clean Harbors Inc * |
|
|
137 |
|
|
|
8 |
|
| Colfax Corp * |
|
|
1,455 |
|
|
|
46 |
|
| Comfort Systems USA Inc |
|
|
988 |
|
|
|
51 |
|
| Construction Partners Inc, Cl A * |
|
|
2,838 |
|
|
|
52 |
|
| Copa Holdings SA, Cl A * |
|
|
469 |
|
|
|
24 |
|
| Copart Inc * |
|
|
1,284 |
|
|
|
135 |
|
| CoStar Group Inc * |
|
|
326 |
|
|
|
277 |
|
| Covanta Holding Corp |
|
|
3,388 |
|
|
|
26 |
|
| Crane Co |
|
|
135 |
|
|
|
7 |
|
| CSW Industrials Inc |
|
|
645 |
|
|
|
50 |
|
| CSX Corp |
|
|
9,694 |
|
|
|
753 |
|
| Cummins Inc |
|
|
3,179 |
|
|
|
671 |
|
| Curtiss-Wright Corp |
|
|
1,789 |
|
|
|
167 |
|
| Deere & Co |
|
|
4,735 |
|
|
|
1,049 |
|
| Delta Air Lines Inc * |
|
|
39,597 |
|
|
|
1,211 |
|
| Deluxe Corp |
|
|
981 |
|
|
|
25 |
|
| Donaldson Co Inc |
|
|
202 |
|
|
|
9 |
|
| Dover Corp |
|
|
2,207 |
|
|
|
239 |
|
| Dycom Industries Inc * |
|
|
1,064 |
|
|
|
56 |
|
| Eaton Corp PLC |
|
|
13,217 |
|
|
|
1,349 |
|
| EMCOR Group Inc |
|
|
565 |
|
|
|
38 |
|
| Emerson Electric Co |
|
|
6,592 |
|
|
|
432 |
|
| EnerSys |
|
|
664 |
|
|
|
45 |
|
| EnPro Industries Inc |
|
|
738 |
|
|
|
42 |
|
| Equifax Inc |
|
|
276 |
|
|
|
43 |
|
| ESCO Technologies Inc |
|
|
568 |
|
|
|
46 |
|
| Expeditors International of Washington Inc |
|
|
1,163 |
|
|
|
105 |
|
| Exponent Inc |
|
|
727 |
|
|
|
52 |
|
| Fastenal Co |
|
|
6,120 |
|
|
|
276 |
|
| Federal Signal Corp |
|
|
1,560 |
|
|
|
46 |
|
| FedEx Corp |
|
|
3,239 |
|
|
|
815 |
|
| Flowserve Corp |
|
|
239 |
|
|
|
7 |
|
| Fluor Corp * |
|
|
4,373 |
|
|
|
39 |
|
| Forrester Research Inc * |
|
|
1,169 |
|
|
|
38 |
|
| Fortune Brands Home & Security Inc |
|
|
174 |
|
|
|
15 |
|
| Forward Air Corp |
|
|
727 |
|
|
|
42 |
|
| Franklin Electric Co Inc |
|
|
897 |
|
|
|
53 |
|
| FTI Consulting Inc * |
|
|
443 |
|
|
|
47 |
|
| Gates Industrial Corp PLC * |
|
|
886 |
|
|
|
10 |
|
| Generac Holdings Inc * |
|
|
89 |
|
|
|
17 |
|
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| General Electric Co |
|
|
121,638 |
|
|
$ |
758 |
|
| Gibraltar Industries Inc * |
|
|
959 |
|
|
|
62 |
|
| Graco Inc |
|
|
223 |
|
|
|
14 |
|
| GrafTech International Ltd |
|
|
954 |
|
|
|
7 |
|
| Granite Construction Inc |
|
|
1,780 |
|
|
|
31 |
|
| Great Lakes Dredge & Dock Corp * |
|
|
4,289 |
|
|
|
41 |
|
| Greenbrier Cos Inc/The |
|
|
1,583 |
|
|
|
47 |
|
| Hawaiian Holdings Inc * |
|
|
1,619 |
|
|
|
21 |
|
| HD Supply Holdings Inc * |
|
|
1,986 |
|
|
|
82 |
|
| Healthcare Services Group Inc |
|
|
2,050 |
|
|
|
44 |
|
| HEICO Corp |
|
|
4,884 |
|
|
|
511 |
|
| HEICO Corp, Cl A |
|
|
4,197 |
|
|
|
372 |
|
| Helios Technologies Inc |
|
|
1,091 |
|
|
|
40 |
|
| Herc Holdings Inc * |
|
|
1,012 |
|
|
|
40 |
|
| Herman Miller Inc |
|
|
1,053 |
|
|
|
32 |
|
| Hexcel Corp * |
|
|
4,105 |
|
|
|
138 |
|
| Hillenbrand Inc |
|
|
1,501 |
|
|
|
43 |
|
| HNI Corp |
|
|
1,268 |
|
|
|
40 |
|
| Honeywell International Inc |
|
|
10,659 |
|
|
|
1,755 |
|
| Howmet Aerospace Inc * |
|
|
7,379 |
|
|
|
123 |
|
| Hubbell Inc, Cl B |
|
|
682 |
|
|
|
93 |
|
| IAA Inc * |
|
|
253 |
|
|
|
13 |
|
| ICF International Inc |
|
|
545 |
|
|
|
34 |
|
| IDEX Corp |
|
|
68 |
|
|
|
12 |
|
| IHS Markit Ltd |
|
|
3,910 |
|
|
|
307 |
|
| Illinois Tool Works Inc |
|
|
10,512 |
|
|
|
2,031 |
|
| Ingersoll Rand Inc * |
|
|
355 |
|
|
|
13 |
|
| Insperity Inc |
|
|
592 |
|
|
|
39 |
|
| Interface Inc, Cl A |
|
|
2,949 |
|
|
|
18 |
|
| ITT Inc |
|
|
1,404 |
|
|
|
83 |
|
| Jacobs Engineering Group Inc |
|
|
1,091 |
|
|
|
101 |
|
| JB Hunt Transport Services Inc |
|
|
437 |
|
|
|
55 |
|
| JetBlue Airways Corp * |
|
|
4,688 |
|
|
|
53 |
|
| John Bean Technologies Corp |
|
|
439 |
|
|
|
40 |
|
| Johnson Controls International plc |
|
|
22,116 |
|
|
|
903 |
|
| Kadant Inc |
|
|
475 |
|
|
|
52 |
|
| Kaman Corp |
|
|
743 |
|
|
|
29 |
|
| Kansas City Southern |
|
|
1,741 |
|
|
|
315 |
|
| KAR Auction Services Inc * |
|
|
2,303 |
|
|
|
33 |
|
| Kelly Services Inc, Cl A * |
|
|
2,214 |
|
|
|
38 |
|
| Kennametal Inc |
|
|
1,343 |
|
|
|
39 |
|
| Kforce Inc |
|
|
1,239 |
|
|
|
40 |
|
| Kirby Corp * |
|
|
1,032 |
|
|
|
37 |
|
| Knight-Swift Transportation Holdings Inc, Cl A |
|
|
1,357 |
|
|
|
55 |
|
| Knoll Inc |
|
|
1,853 |
|
|
|
22 |
|
| Korn Ferry |
|
|
1,193 |
|
|
|
35 |
|
| Landstar System Inc |
|
|
432 |
|
|
|
54 |
|
| Lennox International Inc |
|
|
44 |
|
|
|
12 |
|
| Lincoln Electric Holdings Inc |
|
|
1,027 |
|
|
|
95 |
|
| Lindsay Corp |
|
|
523 |
|
|
|
51 |
|
| Lyft Inc, Cl A * |
|
|
240 |
|
|
|
7 |
|
|
|
|
| |
|
| 10 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund (Continued)
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Macquarie Infrastructure Corp * |
|
|
266 |
|
|
$ |
7 |
|
| ManpowerGroup Inc |
|
|
3,586 |
|
|
|
263 |
|
| Marten Transport Ltd |
|
|
3,469 |
|
|
|
57 |
|
| Masco Corp |
|
|
6,315 |
|
|
|
348 |
|
| Matson Inc |
|
|
1,273 |
|
|
|
51 |
|
| Maxar Technologies Inc |
|
|
6,794 |
|
|
|
169 |
|
| McGrath RentCorp |
|
|
666 |
|
|
|
40 |
|
| Mercury Systems Inc * |
|
|
2,386 |
|
|
|
185 |
|
| Meritor Inc * |
|
|
2,088 |
|
|
|
44 |
|
| Middleby Corp/The * |
|
|
103 |
|
|
|
9 |
|
| MRC Global Inc * |
|
|
3,597 |
|
|
|
15 |
|
| MSA Safety Inc |
|
|
392 |
|
|
|
53 |
|
| MSC Industrial Direct Co Inc, Cl A |
|
|
1,115 |
|
|
|
71 |
|
| Nielsen Holdings PLC |
|
|
7,584 |
|
|
|
108 |
|
| Nordson Corp |
|
|
600 |
|
|
|
115 |
|
| Norfolk Southern Corp |
|
|
3,218 |
|
|
|
689 |
|
| NOW Inc * |
|
|
4,359 |
|
|
|
20 |
|
| NV5 Global Inc * |
|
|
1,080 |
|
|
|
57 |
|
| nVent Electric PLC |
|
|
457 |
|
|
|
8 |
|
| Old Dominion Freight Line Inc |
|
|
400 |
|
|
|
72 |
|
| Omega Flex Inc |
|
|
448 |
|
|
|
70 |
|
| Oshkosh Corp |
|
|
2,762 |
|
|
|
203 |
|
| Otis Worldwide Corp |
|
|
2,746 |
|
|
|
171 |
|
| Owens Corning |
|
|
4,958 |
|
|
|
341 |
|
| PACCAR Inc |
|
|
2,133 |
|
|
|
182 |
|
| Parker-Hannifin Corp |
|
|
1,231 |
|
|
|
249 |
|
| Parsons Corp * |
|
|
1,198 |
|
|
|
40 |
|
| Pentair PLC |
|
|
4,928 |
|
|
|
226 |
|
| Pitney Bowes Inc |
|
|
11,792 |
|
|
|
63 |
|
| Plug Power Inc * |
|
|
1,263 |
|
|
|
17 |
|
| Proto Labs Inc * |
|
|
491 |
|
|
|
64 |
|
| Quanta Services Inc |
|
|
2,291 |
|
|
|
121 |
|
| Raven Industries Inc * |
|
|
1,437 |
|
|
|
31 |
|
| RBC Bearings Inc * |
|
|
320 |
|
|
|
39 |
|
| Regal Beloit Corp |
|
|
1,068 |
|
|
|
100 |
|
| Republic Services Inc, Cl A |
|
|
842 |
|
|
|
79 |
|
| Resideo Technologies Inc * |
|
|
448 |
|
|
|
5 |
|
| Robert Half International Inc |
|
|
806 |
|
|
|
43 |
|
| Rockwell Automation Inc |
|
|
1,620 |
|
|
|
357 |
|
| Rollins Inc |
|
|
2,355 |
|
|
|
128 |
|
| Roper Technologies Inc |
|
|
1,565 |
|
|
|
618 |
|
| Ryder System Inc |
|
|
1,425 |
|
|
|
60 |
|
| Saia Inc * |
|
|
96 |
|
|
|
12 |
|
| Schneider National Inc, Cl B |
|
|
521 |
|
|
|
13 |
|
| Sensata Technologies Holding PLC * |
|
|
4,273 |
|
|
|
184 |
|
| Shyft Group Inc/The |
|
|
2,836 |
|
|
|
54 |
|
| Simpson Manufacturing Co Inc |
|
|
643 |
|
|
|
62 |
|
| Snap-on Inc |
|
|
318 |
|
|
|
47 |
|
| Southwest Airlines Co * |
|
|
3,131 |
|
|
|
117 |
|
| SP Plus Corp * |
|
|
1,169 |
|
|
|
21 |
|
| Spirit AeroSystems Holdings Inc, Cl A |
|
|
9,098 |
|
|
|
172 |
|
| Spirit Airlines Inc * |
|
|
1,221 |
|
|
|
20 |
|
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| SPX Corp * |
|
|
999 |
|
|
$ |
46 |
|
| SPX FLOW Inc * |
|
|
1,044 |
|
|
|
45 |
|
| Stanley Black & Decker Inc |
|
|
1,349 |
|
|
|
219 |
|
| Steelcase Inc, Cl A |
|
|
2,620 |
|
|
|
26 |
|
| Stericycle Inc * |
|
|
179 |
|
|
|
11 |
|
| Teledyne Technologies Inc * |
|
|
878 |
|
|
|
272 |
|
| Tennant Co |
|
|
639 |
|
|
|
39 |
|
| Terex Corp * |
|
|
1,651 |
|
|
|
32 |
|
| Tetra Tech Inc |
|
|
564 |
|
|
|
54 |
|
| Timken Co/The |
|
|
204 |
|
|
|
11 |
|
| Toro Co/The |
|
|
1,175 |
|
|
|
99 |
|
| TPI Composites Inc * |
|
|
472 |
|
|
|
14 |
|
| Trane Technologies PLC |
|
|
1,779 |
|
|
|
216 |
|
| TransDigm Group Inc * |
|
|
1,732 |
|
|
|
823 |
|
| TransUnion |
|
|
2,713 |
|
|
|
228 |
|
| Trex Co Inc * |
|
|
1,134 |
|
|
|
81 |
|
| TriMas Corp * |
|
|
1,583 |
|
|
|
36 |
|
| Trinity Industries Inc |
|
|
511 |
|
|
|
10 |
|
| Triumph Group Inc * |
|
|
1,853 |
|
|
|
12 |
|
| TrueBlue Inc * |
|
|
2,106 |
|
|
|
33 |
|
| Uber Technologies Inc * |
|
|
13,731 |
|
|
|
501 |
|
| UFP Industries Inc |
|
|
196 |
|
|
|
11 |
|
| UniFirst Corp/MA |
|
|
235 |
|
|
|
44 |
|
| Union Pacific Corp |
|
|
12,488 |
|
|
|
2,458 |
|
| United Airlines Holdings Inc * |
|
|
2,850 |
|
|
|
99 |
|
| United Parcel Service Inc, Cl B |
|
|
9,414 |
|
|
|
1,569 |
|
| United Rentals Inc * |
|
|
1,692 |
|
|
|
295 |
|
| Univar Solutions Inc * |
|
|
476 |
|
|
|
8 |
|
| US Ecology Inc * |
|
|
900 |
|
|
|
29 |
|
| Valmont Industries Inc |
|
|
76 |
|
|
|
9 |
|
| Verisk Analytics Inc, Cl A |
|
|
1,729 |
|
|
|
320 |
|
| Virgin Galactic Holdings Inc * |
|
|
4,426 |
|
|
|
85 |
|
| Vivint Solar Inc * |
|
|
737 |
|
|
|
31 |
|
| Wabash National Corp |
|
|
3,217 |
|
|
|
38 |
|
| Waste Management Inc |
|
|
6,467 |
|
|
|
732 |
|
| Watsco Inc |
|
|
537 |
|
|
|
125 |
|
| Watts Water Technologies Inc, Cl A |
|
|
507 |
|
|
|
51 |
|
| Welbilt Inc * |
|
|
3,137 |
|
|
|
19 |
|
| WESCO International Inc * |
|
|
3,661 |
|
|
|
161 |
|
| Westinghouse Air Brake Technologies Corp |
|
|
465 |
|
|
|
29 |
|
| WillScot Mobile Mini Holdings Corp, Cl A * |
|
|
3,162 |
|
|
|
53 |
|
| Woodward Inc |
|
|
769 |
|
|
|
62 |
|
| WW Grainger Inc |
|
|
4,161 |
|
|
|
1,485 |
|
| XPO Logistics Inc * |
|
|
1,396 |
|
|
|
118 |
|
| Xylem Inc/NY |
|
|
16,416 |
|
|
|
1,381 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
40,651 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Information Technology — 26.8% |
|
|
|
|
|
|
|
|
| 2U Inc * |
|
|
871 |
|
|
|
29 |
|
| 8x8 Inc * |
|
|
2,725 |
|
|
|
42 |
|
| ACI Worldwide Inc * |
|
|
1,373 |
|
|
|
36 |
|
| Adobe Inc * |
|
|
9,606 |
|
|
|
4,711 |
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
11 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund (Continued)
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| ADTRAN Inc |
|
|
5,303 |
|
|
$ |
54 |
|
| Advanced Energy Industries Inc * |
|
|
725 |
|
|
|
46 |
|
| Advanced Micro Devices Inc * |
|
|
14,318 |
|
|
|
1,174 |
|
| Agilysys Inc * |
|
|
323 |
|
|
|
8 |
|
| Akamai Technologies Inc * |
|
|
7,949 |
|
|
|
879 |
|
| Akoustis Technologies Inc * |
|
|
6,091 |
|
|
|
50 |
|
| Alarm.com Holdings Inc * |
|
|
1,192 |
|
|
|
66 |
|
| Alliance Data Systems Corp |
|
|
1,335 |
|
|
|
56 |
|
| Altair Engineering Inc, Cl A * |
|
|
1,454 |
|
|
|
61 |
|
| Alteryx Inc, Cl A * |
|
|
70 |
|
|
|
8 |
|
| Ambarella Inc * |
|
|
160 |
|
|
|
8 |
|
| Amdocs Ltd |
|
|
3,632 |
|
|
|
208 |
|
| Amkor Technology Inc * |
|
|
3,864 |
|
|
|
43 |
|
| Amphenol Corp, Cl A |
|
|
2,558 |
|
|
|
277 |
|
| Analog Devices Inc |
|
|
4,564 |
|
|
|
533 |
|
| Anaplan Inc * |
|
|
217 |
|
|
|
14 |
|
| ANSYS Inc * |
|
|
683 |
|
|
|
223 |
|
| Appian Corp, Cl A * |
|
|
1,246 |
|
|
|
81 |
|
| Apple Inc |
|
|
231,776 |
|
|
|
26,842 |
|
| Applied Materials Inc |
|
|
10,761 |
|
|
|
640 |
|
| Arista Networks Inc * |
|
|
768 |
|
|
|
159 |
|
| Arrow Electronics Inc * |
|
|
2,550 |
|
|
|
201 |
|
| Aspen Technology Inc * |
|
|
413 |
|
|
|
52 |
|
| Atlassian Corp PLC, Cl A * |
|
|
920 |
|
|
|
167 |
|
| Autodesk Inc * |
|
|
3,559 |
|
|
|
822 |
|
| Automatic Data Processing Inc |
|
|
12,646 |
|
|
|
1,764 |
|
| Avaya Holdings Corp * |
|
|
4,140 |
|
|
|
63 |
|
| Avnet Inc |
|
|
1,892 |
|
|
|
49 |
|
| Axcelis Technologies Inc * |
|
|
2,104 |
|
|
|
46 |
|
| Badger Meter Inc |
|
|
775 |
|
|
|
51 |
|
| Belden Inc |
|
|
900 |
|
|
|
28 |
|
| Benchmark Electronics Inc |
|
|
1,447 |
|
|
|
29 |
|
| Black Knight Inc * |
|
|
1,569 |
|
|
|
137 |
|
| Blackbaud Inc * |
|
|
629 |
|
|
|
35 |
|
| Blackline Inc * |
|
|
185 |
|
|
|
17 |
|
| Booz Allen Hamilton Holding Corp, Cl A |
|
|
1,402 |
|
|
|
116 |
|
| Bottomline Technologies DE Inc * |
|
|
943 |
|
|
|
40 |
|
| Box Inc, Cl A * |
|
|
539 |
|
|
|
9 |
|
| Broadcom Inc |
|
|
6,023 |
|
|
|
2,194 |
|
| Broadridge Financial Solutions Inc |
|
|
720 |
|
|
|
95 |
|
| Brooks Automation Inc |
|
|
207 |
|
|
|
10 |
|
| Cabot Microelectronics Corp |
|
|
373 |
|
|
|
53 |
|
| Cadence Design Systems Inc * |
|
|
2,046 |
|
|
|
218 |
|
| Cardtronics PLC * |
|
|
1,198 |
|
|
|
24 |
|
| Cass Information Systems Inc |
|
|
865 |
|
|
|
35 |
|
| CDK Global Inc |
|
|
1,636 |
|
|
|
71 |
|
| CDW Corp/DE |
|
|
806 |
|
|
|
96 |
|
| Cerence Inc * |
|
|
493 |
|
|
|
24 |
|
| Ceridian HCM Holding Inc * |
|
|
792 |
|
|
|
65 |
|
| Ciena Corp * |
|
|
1,223 |
|
|
|
49 |
|
| Cirrus Logic Inc * |
|
|
640 |
|
|
|
43 |
|
| Cisco Systems Inc |
|
|
68,588 |
|
|
|
2,702 |
|
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Citrix Systems Inc |
|
|
1,980 |
|
|
$ |
273 |
|
| Cloudera Inc * |
|
|
4,481 |
|
|
|
49 |
|
| Cognex Corp |
|
|
203 |
|
|
|
13 |
|
| Cognizant Technology Solutions Corp, Cl A |
|
|
8,315 |
|
|
|
577 |
|
| Coherent Inc * |
|
|
626 |
|
|
|
69 |
|
| Cohu Inc * |
|
|
2,351 |
|
|
|
40 |
|
| CommScope Holding Co Inc * |
|
|
7,086 |
|
|
|
64 |
|
| CommVault Systems Inc * |
|
|
1,095 |
|
|
|
45 |
|
| CoreLogic Inc/United States |
|
|
271 |
|
|
|
18 |
|
| Cornerstone OnDemand Inc * |
|
|
862 |
|
|
|
31 |
|
| Corning Inc |
|
|
6,104 |
|
|
|
198 |
|
| Coupa Software Inc * |
|
|
970 |
|
|
|
266 |
|
| Cree Inc * |
|
|
248 |
|
|
|
16 |
|
| Crowdstrike Holdings Inc, Cl A * |
|
|
787 |
|
|
|
108 |
|
| CSG Systems International Inc |
|
|
965 |
|
|
|
40 |
|
| CTS Corp |
|
|
1,735 |
|
|
|
38 |
|
| Dell Technologies Inc, Cl C * |
|
|
4,108 |
|
|
|
278 |
|
| Diebold Nixdorf Inc * |
|
|
4,695 |
|
|
|
36 |
|
| Digital Turbine Inc * |
|
|
6,346 |
|
|
|
208 |
|
| DocuSign Inc, Cl A * |
|
|
1,618 |
|
|
|
348 |
|
| Dolby Laboratories Inc, Cl A |
|
|
731 |
|
|
|
48 |
|
| Domo Inc, Cl B * |
|
|
297 |
|
|
|
11 |
|
| Dropbox Inc, Cl A * |
|
|
2,914 |
|
|
|
56 |
|
| DXC Technology Co * |
|
|
5,395 |
|
|
|
96 |
|
| Dynatrace Inc * |
|
|
465 |
|
|
|
19 |
|
| Ebix Inc |
|
|
1,517 |
|
|
|
31 |
|
| EchoStar Corp, Cl A * |
|
|
1,124 |
|
|
|
28 |
|
| Elastic NV * |
|
|
183 |
|
|
|
20 |
|
| Enphase Energy Inc * |
|
|
202 |
|
|
|
17 |
|
| Entegris Inc |
|
|
980 |
|
|
|
73 |
|
| Envestnet Inc * |
|
|
717 |
|
|
|
55 |
|
| EPAM Systems Inc * |
|
|
1,434 |
|
|
|
464 |
|
| Euronet Worldwide Inc * |
|
|
74 |
|
|
|
7 |
|
| Everbridge Inc * |
|
|
1,814 |
|
|
|
228 |
|
| EVERTEC Inc |
|
|
1,569 |
|
|
|
54 |
|
| ExlService Holdings Inc * |
|
|
711 |
|
|
|
47 |
|
| Extreme Networks Inc * |
|
|
6,878 |
|
|
|
28 |
|
| F5 Networks Inc * |
|
|
578 |
|
|
|
71 |
|
| Fair Isaac Corp * |
|
|
299 |
|
|
|
127 |
|
| Fastly Inc, Cl A * |
|
|
905 |
|
|
|
85 |
|
| Fidelity National Information Services Inc |
|
|
7,874 |
|
|
|
1,159 |
|
| FireEye Inc * |
|
|
5,502 |
|
|
|
68 |
|
| First Solar Inc * |
|
|
3,538 |
|
|
|
234 |
|
| Fiserv Inc * |
|
|
6,758 |
|
|
|
696 |
|
| Five9 Inc * |
|
|
93 |
|
|
|
12 |
|
| FleetCor Technologies Inc * |
|
|
729 |
|
|
|
174 |
|
| FLIR Systems Inc |
|
|
1,671 |
|
|
|
60 |
|
| FormFactor Inc * |
|
|
353 |
|
|
|
9 |
|
| Fortinet Inc * |
|
|
928 |
|
|
|
109 |
|
| Genpact Ltd |
|
|
6,870 |
|
|
|
268 |
|
| Global Payments Inc |
|
|
2,965 |
|
|
|
527 |
|
| Globant SA * |
|
|
271 |
|
|
|
49 |
|
|
|
|
| |
|
| 12 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund (Continued)
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| GoDaddy Inc, Cl A * |
|
|
1,102 |
|
|
$ |
84 |
|
| Guidewire Software Inc * |
|
|
109 |
|
|
|
11 |
|
| Hackett Group Inc/The |
|
|
3,129 |
|
|
|
35 |
|
| HubSpot Inc * |
|
|
322 |
|
|
|
94 |
|
| Ichor Holdings Ltd * |
|
|
1,480 |
|
|
|
32 |
|
| II-VI Inc * |
|
|
224 |
|
|
|
9 |
|
| Infinera Corp * |
|
|
6,579 |
|
|
|
41 |
|
| Inphi Corp * |
|
|
86 |
|
|
|
10 |
|
| Inseego Corp * |
|
|
7,132 |
|
|
|
74 |
|
| Insight Enterprises Inc * |
|
|
754 |
|
|
|
43 |
|
| Intel Corp |
|
|
67,438 |
|
|
|
3,492 |
|
| Intelligent Systems Corp * |
|
|
1,128 |
|
|
|
44 |
|
| InterDigital Inc |
|
|
917 |
|
|
|
52 |
|
| International Business Machines Corp |
|
|
13,123 |
|
|
|
1,597 |
|
| Intuit Inc |
|
|
3,714 |
|
|
|
1,212 |
|
| IPG Photonics Corp * |
|
|
558 |
|
|
|
95 |
|
| Itron Inc * |
|
|
588 |
|
|
|
36 |
|
| J2 Global Inc * |
|
|
540 |
|
|
|
37 |
|
| Jabil Inc |
|
|
6,948 |
|
|
|
238 |
|
| Jack Henry & Associates Inc |
|
|
636 |
|
|
|
103 |
|
| Juniper Networks Inc |
|
|
7,826 |
|
|
|
168 |
|
| KBR Inc |
|
|
1,640 |
|
|
|
37 |
|
| Keysight Technologies Inc * |
|
|
12,701 |
|
|
|
1,255 |
|
| KLA Corp |
|
|
1,904 |
|
|
|
369 |
|
| Knowles Corp * |
|
|
2,314 |
|
|
|
34 |
|
| Lam Research Corp |
|
|
3,493 |
|
|
|
1,159 |
|
| Lattice Semiconductor Corp * |
|
|
369 |
|
|
|
11 |
|
| Littelfuse Inc |
|
|
60 |
|
|
|
11 |
|
| Lumentum Holdings Inc * |
|
|
660 |
|
|
|
50 |
|
| Manhattan Associates Inc * |
|
|
1,278 |
|
|
|
122 |
|
| Marvell Technology Group Ltd |
|
|
4,705 |
|
|
|
187 |
|
| Mastercard Inc, Cl A |
|
|
12,929 |
|
|
|
4,372 |
|
| Maxim Integrated Products Inc * |
|
|
3,740 |
|
|
|
253 |
|
| MAXIMUS Inc |
|
|
682 |
|
|
|
47 |
|
| Medallia Inc * |
|
|
1,562 |
|
|
|
43 |
|
| Microchip Technology Inc |
|
|
1,615 |
|
|
|
166 |
|
| Micron Technology Inc * |
|
|
13,124 |
|
|
|
616 |
|
| Microsoft Corp |
|
|
112,888 |
|
|
|
23,744 |
|
| MicroStrategy Inc, Cl A * |
|
|
339 |
|
|
|
51 |
|
| MKS Instruments Inc |
|
|
103 |
|
|
|
11 |
|
| MongoDB Inc, Cl A * |
|
|
574 |
|
|
|
133 |
|
| Monolithic Power Systems Inc |
|
|
64 |
|
|
|
18 |
|
| National Instruments Corp |
|
|
2,353 |
|
|
|
84 |
|
| NCR Corp * |
|
|
334 |
|
|
|
7 |
|
| NetApp Inc |
|
|
2,936 |
|
|
|
129 |
|
| NetScout Systems Inc * |
|
|
2,073 |
|
|
|
45 |
|
| New Relic Inc * |
|
|
749 |
|
|
|
42 |
|
| NIC Inc |
|
|
2,268 |
|
|
|
45 |
|
| Novanta Inc * |
|
|
547 |
|
|
|
58 |
|
| Nuance Communications Inc * |
|
|
2,832 |
|
|
|
94 |
|
| Nutanix Inc, Cl A * |
|
|
359 |
|
|
|
8 |
|
| NVIDIA Corp |
|
|
9,892 |
|
|
|
5,354 |
|
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Okta Inc, Cl A * |
|
|
812 |
|
|
$ |
174 |
|
| ON Semiconductor Corp * |
|
|
9,649 |
|
|
|
209 |
|
| Oracle Corp |
|
|
34,708 |
|
|
|
2,072 |
|
| OSI Systems Inc * |
|
|
497 |
|
|
|
39 |
|
| PagerDuty Inc * |
|
|
1,821 |
|
|
|
49 |
|
| Palo Alto Networks Inc * |
|
|
541 |
|
|
|
132 |
|
| Paychex Inc |
|
|
2,612 |
|
|
|
208 |
|
| Paycom Software Inc * |
|
|
194 |
|
|
|
60 |
|
| Paylocity Holding Corp * |
|
|
417 |
|
|
|
67 |
|
| PayPal Holdings Inc * |
|
|
18,658 |
|
|
|
3,676 |
|
| Paysign Inc * |
|
|
4,721 |
|
|
|
27 |
|
| Pegasystems Inc |
|
|
150 |
|
|
|
18 |
|
| Perficient Inc * |
|
|
1,142 |
|
|
|
49 |
|
| Perspecta Inc |
|
|
1,895 |
|
|
|
37 |
|
| Photronics Inc * |
|
|
3,197 |
|
|
|
32 |
|
| Plantronics Inc * |
|
|
1,930 |
|
|
|
23 |
|
| Plexus Corp * |
|
|
633 |
|
|
|
45 |
|
| Pluralsight Inc, Cl A * |
|
|
2,621 |
|
|
|
45 |
|
| Power Integrations Inc |
|
|
196 |
|
|
|
11 |
|
| Progress Software Corp |
|
|
1,206 |
|
|
|
44 |
|
| Proofpoint Inc * |
|
|
98 |
|
|
|
10 |
|
| PROS Holdings Inc * |
|
|
818 |
|
|
|
26 |
|
| PTC Inc * |
|
|
677 |
|
|
|
56 |
|
| Pure Storage Inc, Cl A * |
|
|
685 |
|
|
|
11 |
|
| Qorvo Inc * |
|
|
100 |
|
|
|
13 |
|
| QUALCOMM Inc |
|
|
17,833 |
|
|
|
2,099 |
|
| Qualys Inc * |
|
|
591 |
|
|
|
58 |
|
| Rambus Inc * |
|
|
3,633 |
|
|
|
50 |
|
| Rapid7 Inc * |
|
|
892 |
|
|
|
55 |
|
| RealPage Inc * |
|
|
211 |
|
|
|
12 |
|
| RingCentral Inc, Cl A * |
|
|
699 |
|
|
|
192 |
|
| Rogers Corp * |
|
|
392 |
|
|
|
38 |
|
| Sabre Corp * |
|
|
506 |
|
|
|
3 |
|
| salesforce.com * |
|
|
17,511 |
|
|
|
4,401 |
|
| Sanmina Corp * |
|
|
1,459 |
|
|
|
39 |
|
| ScanSource Inc * |
|
|
1,292 |
|
|
|
26 |
|
| Semtech Corp * |
|
|
1,000 |
|
|
|
53 |
|
| ServiceNow Inc * |
|
|
2,269 |
|
|
|
1,100 |
|
| Silicon Laboratories Inc * |
|
|
437 |
|
|
|
43 |
|
| Skyworks Solutions Inc |
|
|
2,779 |
|
|
|
404 |
|
| Smartsheet Inc, Cl A * |
|
|
266 |
|
|
|
13 |
|
| SolarWinds Corp * |
|
|
634 |
|
|
|
13 |
|
| Splunk Inc * |
|
|
1,357 |
|
|
|
255 |
|
| SPS Commerce Inc * |
|
|
152 |
|
|
|
12 |
|
| Square Inc, Cl A * |
|
|
3,911 |
|
|
|
636 |
|
| Switch Inc, Cl A |
|
|
779 |
|
|
|
12 |
|
| Synaptics Inc * |
|
|
142 |
|
|
|
11 |
|
| SYNNEX Corp * |
|
|
387 |
|
|
|
54 |
|
| Synopsys Inc * |
|
|
1,083 |
|
|
|
232 |
|
| Teradata Corp * |
|
|
4,437 |
|
|
|
101 |
|
| Teradyne Inc |
|
|
4,784 |
|
|
|
380 |
|
| Texas Instruments Inc |
|
|
13,483 |
|
|
|
1,925 |
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
13 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund (Continued)
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Trade Desk Inc/The, Cl A * |
|
|
829 |
|
|
$ |
430 |
|
| Trimble Inc * |
|
|
2,035 |
|
|
|
99 |
|
| TTEC Holdings Inc |
|
|
202 |
|
|
|
11 |
|
| TTM Technologies Inc * |
|
|
3,357 |
|
|
|
38 |
|
| Tucows Inc, Cl A * |
|
|
834 |
|
|
|
57 |
|
| Twilio Inc, Cl A * |
|
|
2,168 |
|
|
|
536 |
|
| Tyler Technologies Inc * |
|
|
393 |
|
|
|
137 |
|
| Ubiquiti Inc |
|
|
263 |
|
|
|
44 |
|
| Unisys Corp * |
|
|
689 |
|
|
|
7 |
|
| Universal Display Corp |
|
|
521 |
|
|
|
94 |
|
| Upland Software Inc * |
|
|
1,378 |
|
|
|
52 |
|
| Varonis Systems Inc * |
|
|
109 |
|
|
|
13 |
|
| Verint Systems Inc * |
|
|
947 |
|
|
|
46 |
|
| VeriSign Inc * |
|
|
802 |
|
|
|
164 |
|
| Verra Mobility Corp, Cl A * |
|
|
3,479 |
|
|
|
34 |
|
| ViaSat Inc * |
|
|
693 |
|
|
|
24 |
|
| Viavi Solutions Inc * |
|
|
3,355 |
|
|
|
39 |
|
| Virtusa Corp * |
|
|
1,123 |
|
|
|
55 |
|
| Visa Inc, Cl A |
|
|
29,770 |
|
|
|
5,953 |
|
| VMware Inc, Cl A * |
|
|
1,343 |
|
|
|
193 |
|
| Western Digital Corp * |
|
|
2,423 |
|
|
|
89 |
|
| Western Union Co/The |
|
|
425 |
|
|
|
9 |
|
| WEX Inc * |
|
|
55 |
|
|
|
8 |
|
| Workday Inc, Cl A * |
|
|
2,079 |
|
|
|
447 |
|
| Workiva Inc, Cl A * |
|
|
1,224 |
|
|
|
68 |
|
| Xerox Holdings Corp |
|
|
7,073 |
|
|
|
133 |
|
| Xilinx Inc |
|
|
2,632 |
|
|
|
274 |
|
| Xperi Holding Corp |
|
|
2,351 |
|
|
|
27 |
|
| Zebra Technologies Corp, Cl A * |
|
|
438 |
|
|
|
111 |
|
| Zendesk Inc * |
|
|
152 |
|
|
|
16 |
|
| Zoom Video Communications Inc, Cl A * |
|
|
1,888 |
|
|
|
888 |
|
| Zscaler Inc * |
|
|
88 |
|
|
|
12 |
|
| Zuora Inc, Cl A * |
|
|
3,498 |
|
|
|
36 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
128,754 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Materials — 3.2% |
|
|
|
|
|
|
|
|
| Air Products and Chemicals Inc |
|
|
4,688 |
|
|
|
1,396 |
|
| Albemarle Corp |
|
|
167 |
|
|
|
15 |
|
| Alcoa Corp * |
|
|
5,657 |
|
|
|
66 |
|
| Allegheny Technologies Inc * |
|
|
2,362 |
|
|
|
21 |
|
| Amcor PLC |
|
|
4,821 |
|
|
|
53 |
|
| AptarGroup Inc |
|
|
1,944 |
|
|
|
220 |
|
| Arconic Corp * |
|
|
1,844 |
|
|
|
35 |
|
| Ashland Global Holdings Inc |
|
|
152 |
|
|
|
11 |
|
| Avery Dennison Corp |
|
|
88 |
|
|
|
11 |
|
| Axalta Coating Systems Ltd * |
|
|
7,963 |
|
|
|
177 |
|
| Balchem Corp |
|
|
488 |
|
|
|
48 |
|
| Ball Corp |
|
|
14,154 |
|
|
|
1,176 |
|
| Berry Global Group Inc * |
|
|
4,123 |
|
|
|
199 |
|
| Cabot Corp |
|
|
238 |
|
|
|
9 |
|
| Carpenter Technology Corp |
|
|
1,006 |
|
|
|
18 |
|
| Celanese Corp, Cl A |
|
|
93 |
|
|
|
10 |
|
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| CF Industries Holdings Inc |
|
|
1,066 |
|
|
$ |
33 |
|
| Chase Corp |
|
|
421 |
|
|
|
40 |
|
| Chemours Co/The |
|
|
2,832 |
|
|
|
59 |
|
| Cleveland-Cliffs Inc * |
|
|
11,888 |
|
|
|
76 |
|
| Coeur Mining Inc * |
|
|
6,945 |
|
|
|
51 |
|
| Compass Minerals International Inc |
|
|
851 |
|
|
|
50 |
|
| Corteva Inc |
|
|
3,194 |
|
|
|
92 |
|
| Crown Holdings Inc * |
|
|
6,925 |
|
|
|
532 |
|
| Domtar Corp * |
|
|
298 |
|
|
|
8 |
|
| Dow Inc |
|
|
6,685 |
|
|
|
315 |
|
| DuPont de Nemours Inc |
|
|
7,322 |
|
|
|
406 |
|
| Eagle Materials Inc * |
|
|
126 |
|
|
|
11 |
|
| Eastman Chemical Co |
|
|
9,101 |
|
|
|
711 |
|
| Ecolab Inc |
|
|
3,153 |
|
|
|
630 |
|
| Element Solutions Inc * |
|
|
1,023 |
|
|
|
11 |
|
| FMC Corp |
|
|
2,400 |
|
|
|
254 |
|
| Freeport-McMoRan Inc * |
|
|
31,087 |
|
|
|
486 |
|
| Graphic Packaging Holding Co |
|
|
681 |
|
|
|
10 |
|
| Greif Inc, Cl A |
|
|
1,122 |
|
|
|
41 |
|
| HB Fuller Co |
|
|
976 |
|
|
|
45 |
|
| Huntsman Corp |
|
|
475 |
|
|
|
11 |
|
| Ingevity Corp * |
|
|
563 |
|
|
|
28 |
|
| Innospec Inc |
|
|
499 |
|
|
|
32 |
|
| International Flavors & Fragrances Inc |
|
|
2,307 |
|
|
|
282 |
|
| International Paper Co |
|
|
785 |
|
|
|
32 |
|
| Kraton Corp * |
|
|
2,033 |
|
|
|
36 |
|
| Linde PLC |
|
|
8,150 |
|
|
|
1,941 |
|
| Livent Corp * |
|
|
5,807 |
|
|
|
52 |
|
| Louisiana-Pacific Corp |
|
|
1,740 |
|
|
|
51 |
|
| LyondellBasell Industries NV, Cl A |
|
|
2,182 |
|
|
|
154 |
|
| Martin Marietta Materials Inc |
|
|
397 |
|
|
|
93 |
|
| Minerals Technologies Inc |
|
|
880 |
|
|
|
45 |
|
| Mosaic Co/The |
|
|
3,590 |
|
|
|
66 |
|
| Neenah Inc |
|
|
693 |
|
|
|
26 |
|
| Newmont Corp |
|
|
29,273 |
|
|
|
1,857 |
|
| Novagold Resources Inc * |
|
|
1,266 |
|
|
|
15 |
|
| Nucor Corp |
|
|
1,510 |
|
|
|
68 |
|
| P H Glatfelter Co |
|
|
2,740 |
|
|
|
38 |
|
| Packaging Corp of America |
|
|
101 |
|
|
|
11 |
|
| PPG Industries Inc |
|
|
2,274 |
|
|
|
278 |
|
| Quaker Chemical Corp |
|
|
309 |
|
|
|
56 |
|
| Reliance Steel & Aluminum Co |
|
|
412 |
|
|
|
42 |
|
| Royal Gold Inc |
|
|
437 |
|
|
|
53 |
|
| Scotts Miracle-Gro Co/The |
|
|
163 |
|
|
|
25 |
|
| Sealed Air Corp |
|
|
293 |
|
|
|
11 |
|
| Sensient Technologies Corp |
|
|
779 |
|
|
|
45 |
|
| Sherwin-Williams Co/The |
|
|
2,451 |
|
|
|
1,708 |
|
| Sonoco Products Co |
|
|
185 |
|
|
|
9 |
|
| Southern Copper Corp |
|
|
272 |
|
|
|
12 |
|
| Steel Dynamics Inc |
|
|
2,648 |
|
|
|
76 |
|
| Stepan Co |
|
|
510 |
|
|
|
56 |
|
| Summit Materials Inc, Cl A * |
|
|
2,136 |
|
|
|
35 |
|
|
|
|
| |
|
| 14 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund (Continued)
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Trinseo SA |
|
|
1,345 |
|
|
$ |
34 |
|
| Tronox Holdings PLC |
|
|
4,385 |
|
|
|
34 |
|
| United States Lime & Minerals Inc |
|
|
581 |
|
|
|
52 |
|
| United States Steel Corp |
|
|
3,709 |
|
|
|
27 |
|
| Valvoline Inc |
|
|
11,216 |
|
|
|
214 |
|
| Verso Corp |
|
|
2,760 |
|
|
|
22 |
|
| Vulcan Materials Co |
|
|
665 |
|
|
|
90 |
|
| Warrior Met Coal Inc |
|
|
2,378 |
|
|
|
41 |
|
| Westlake Chemical Corp |
|
|
718 |
|
|
|
45 |
|
| Westrock Co |
|
|
3,989 |
|
|
|
139 |
|
| Worthington Industries Inc |
|
|
1,149 |
|
|
|
47 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,315 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real Estate — 3.3% |
|
|
|
|
|
|
|
|
| Acadia Realty
Trust *‡ |
|
|
1,946 |
|
|
|
20 |
|
| Agree Realty
Corp ‡ |
|
|
736 |
|
|
|
47 |
|
| Alexander & Baldwin Inc *‡ |
|
|
2,342 |
|
|
|
26 |
|
| Alexandria Real Estate Equities Inc ‡ |
|
|
1,497 |
|
|
|
240 |
|
| American Campus Communities
Inc ‡ |
|
|
252 |
|
|
|
9 |
|
| American Finance Trust
Inc ‡ |
|
|
3,743 |
|
|
|
23 |
|
| American Tower Corp,
Cl A ‡ |
|
|
6,167 |
|
|
|
1,491 |
|
| Apartment Investment and Management Co, Cl A ‡ |
|
|
1,721 |
|
|
|
58 |
|
| Apple Hospitality REIT
Inc *‡ |
|
|
718 |
|
|
|
7 |
|
| AvalonBay Communities
Inc ‡ |
|
|
3,261 |
|
|
|
487 |
|
| Boston Properties
Inc ‡ |
|
|
1,468 |
|
|
|
118 |
|
| Brandywine Realty
Trust ‡ |
|
|
14,492 |
|
|
|
150 |
|
| Brixmor Property Group
Inc *‡ |
|
|
4,703 |
|
|
|
55 |
|
| Camden Property
Trust ‡ |
|
|
850 |
|
|
|
76 |
|
| CareTrust REIT
Inc ‡ |
|
|
2,438 |
|
|
|
43 |
|
| CBRE Group Inc, Cl A * |
|
|
29,020 |
|
|
|
1,363 |
|
| Colony Capital
Inc *‡ |
|
|
41,643 |
|
|
|
114 |
|
| Columbia Property Trust
Inc ‡ |
|
|
565 |
|
|
|
6 |
|
| Community Healthcare Trust
Inc ‡ |
|
|
1,136 |
|
|
|
53 |
|
| Corporate Office Properties Trust ‡ |
|
|
7,752 |
|
|
|
184 |
|
| Cousins Properties
Inc ‡ |
|
|
289 |
|
|
|
8 |
|
| Crown Castle International
Corp ‡ |
|
|
4,746 |
|
|
|
790 |
|
| CubeSmart ‡ |
|
|
377 |
|
|
|
12 |
|
| Cushman & Wakefield PLC * |
|
|
2,593 |
|
|
|
27 |
|
| CyrusOne
Inc ‡ |
|
|
181 |
|
|
|
13 |
|
| DiamondRock Hospitality
Co *‡ |
|
|
4,575 |
|
|
|
23 |
|
| Digital Realty Trust
Inc ‡ |
|
|
2,674 |
|
|
|
392 |
|
| Diversified Healthcare
Trust ‡ |
|
|
6,702 |
|
|
|
24 |
|
| Douglas Emmett
Inc ‡ |
|
|
2,338 |
|
|
|
59 |
|
| Duke Realty
Corp ‡ |
|
|
2,798 |
|
|
|
103 |
|
| Empire State Realty Trust Inc, Cl A *‡ |
|
|
5,592 |
|
|
|
34 |
|
| EPR
Properties *‡ |
|
|
735 |
|
|
|
20 |
|
| Equinix
Inc ‡ |
|
|
1,035 |
|
|
|
787 |
|
| Equity
Commonwealth ‡ |
|
|
2,677 |
|
|
|
71 |
|
| Equity LifeStyle Properties
Inc ‡ |
|
|
167 |
|
|
|
10 |
|
| Equity
Residential ‡ |
|
|
3,485 |
|
|
|
179 |
|
| Essential Properties Realty Trust Inc ‡ |
|
|
2,028 |
|
|
|
37 |
|
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Essex Property Trust
Inc ‡ |
|
|
454 |
|
|
$ |
91 |
|
| Extra Space Storage
Inc ‡ |
|
|
811 |
|
|
|
87 |
|
| Federal Realty Investment
Trust ‡ |
|
|
664 |
|
|
|
49 |
|
| First Industrial Realty Trust Inc ‡ |
|
|
1,226 |
|
|
|
49 |
|
| Four Corners Property Trust
Inc ‡ |
|
|
1,848 |
|
|
|
47 |
|
| Franklin Street Properties
Corp ‡ |
|
|
5,897 |
|
|
|
22 |
|
| Gaming and Leisure Properties Inc ‡ |
|
|
281 |
|
|
|
10 |
|
| Global Net Lease
Inc ‡ |
|
|
2,484 |
|
|
|
39 |
|
| Healthcare Realty Trust
Inc ‡ |
|
|
1,555 |
|
|
|
47 |
|
| Healthcare Trust of America Inc, Cl A ‡ |
|
|
392 |
|
|
|
10 |
|
| Highwoods Properties
Inc ‡ |
|
|
247 |
|
|
|
8 |
|
| Host Hotels & Resorts Inc *‡ |
|
|
17,568 |
|
|
|
190 |
|
| Howard Hughes Corp/The * |
|
|
795 |
|
|
|
46 |
|
| Hudson Pacific Properties
Inc ‡ |
|
|
2,475 |
|
|
|
54 |
|
| Industrial Logistics Properties Trust ‡ |
|
|
2,389 |
|
|
|
52 |
|
| Invitation Homes
Inc ‡ |
|
|
398 |
|
|
|
11 |
|
| Iron Mountain
Inc ‡ |
|
|
5,996 |
|
|
|
161 |
|
| JBG SMITH
Properties ‡ |
|
|
2,065 |
|
|
|
55 |
|
| Jones Lang LaSalle Inc * |
|
|
1,270 |
|
|
|
121 |
|
| Kennedy-Wilson Holdings Inc |
|
|
2,254 |
|
|
|
33 |
|
| Kilroy Realty
Corp ‡ |
|
|
4,516 |
|
|
|
235 |
|
| Kimco Realty
Corp ‡ |
|
|
4,679 |
|
|
|
53 |
|
| Kite Realty Group
Trust ‡ |
|
|
2,741 |
|
|
|
32 |
|
| Lamar Advertising Co,
Cl A ‡ |
|
|
1,059 |
|
|
|
70 |
|
| Lexington Realty
Trust ‡ |
|
|
4,761 |
|
|
|
50 |
|
| Life Storage
Inc ‡ |
|
|
110 |
|
|
|
12 |
|
| LTC Properties
Inc ‡ |
|
|
1,142 |
|
|
|
40 |
|
| Macerich
Co/The ‡ |
|
|
5,508 |
|
|
|
37 |
|
| Marcus & Millichap Inc * |
|
|
1,380 |
|
|
|
38 |
|
| Medical Properties Trust
Inc ‡ |
|
|
2,513 |
|
|
|
44 |
|
| Mid-America Apartment Communities Inc ‡ |
|
|
772 |
|
|
|
89 |
|
| Monmouth Real Estate Investment Corp ‡ |
|
|
3,365 |
|
|
|
47 |
|
| National Health Investors
Inc ‡ |
|
|
635 |
|
|
|
38 |
|
| National Retail Properties
Inc ‡ |
|
|
975 |
|
|
|
34 |
|
| Newmark Group Inc, Cl A |
|
|
3,753 |
|
|
|
16 |
|
| Office Properties Income
Trust ‡ |
|
|
1,618 |
|
|
|
34 |
|
| Omega Healthcare Investors
Inc ‡ |
|
|
1,229 |
|
|
|
37 |
|
| Outfront Media
Inc *‡ |
|
|
1,951 |
|
|
|
28 |
|
| Paramount Group
Inc ‡ |
|
|
5,922 |
|
|
|
42 |
|
| Park Hotels & Resorts Inc *‡ |
|
|
1,996 |
|
|
|
20 |
|
| Pebblebrook Hotel
Trust ‡ |
|
|
1,899 |
|
|
|
24 |
|
| Physicians Realty
Trust ‡ |
|
|
2,753 |
|
|
|
49 |
|
| Piedmont Office Realty Trust Inc, Cl A ‡ |
|
|
2,333 |
|
|
|
32 |
|
| PotlatchDeltic
Corp ‡ |
|
|
1,174 |
|
|
|
49 |
|
| Prologis
Inc ‡ |
|
|
20,608 |
|
|
|
2,074 |
|
| Public
Storage ‡ |
|
|
1,177 |
|
|
|
262 |
|
| QTS Realty Trust Inc,
Cl A ‡ |
|
|
981 |
|
|
|
62 |
|
| Rayonier
Inc ‡ |
|
|
1,593 |
|
|
|
42 |
|
| RE/MAX Holdings Inc, Cl A |
|
|
1,292 |
|
|
|
42 |
|
| Realogy Holdings Corp * |
|
|
4,621 |
|
|
|
44 |
|
| Realty Income
Corp ‡ |
|
|
2,296 |
|
|
|
139 |
|
| Redfin Corp * |
|
|
458 |
|
|
|
23 |
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
15 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund (Continued)
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Regency Centers
Corp ‡ |
|
|
28,376 |
|
|
$ |
1,079 |
|
| Retail Opportunity Investments Corp *‡ |
|
|
2,907 |
|
|
|
30 |
|
| Retail Properties of America Inc, Cl A ‡ |
|
|
876 |
|
|
|
5 |
|
| Rexford Industrial Realty
Inc ‡ |
|
|
1,114 |
|
|
|
51 |
|
| RLJ Lodging
Trust ‡ |
|
|
2,849 |
|
|
|
25 |
|
| RMR Group Inc/The, Cl A |
|
|
1,095 |
|
|
|
30 |
|
| RPT
Realty *‡ |
|
|
3,429 |
|
|
|
19 |
|
| Ryman Hospitality Properties Inc *‡ |
|
|
577 |
|
|
|
21 |
|
| Sabra Health Care REIT
Inc ‡ |
|
|
2,410 |
|
|
|
33 |
|
| Safehold
Inc ‡ |
|
|
226 |
|
|
|
14 |
|
| SBA Communications Corp, Cl A ‡ |
|
|
994 |
|
|
|
317 |
|
| Service Properties
Trust ‡ |
|
|
483 |
|
|
|
4 |
|
| Simon Property Group
Inc ‡ |
|
|
3,706 |
|
|
|
240 |
|
| SITE Centers
Corp *‡ |
|
|
3,734 |
|
|
|
27 |
|
| SL Green Realty
Corp ‡ |
|
|
2,476 |
|
|
|
115 |
|
| Spirit Realty Capital
Inc ‡ |
|
|
237 |
|
|
|
8 |
|
| St Joe Co/The * |
|
|
2,464 |
|
|
|
51 |
|
| STAG Industrial
Inc ‡ |
|
|
1,647 |
|
|
|
50 |
|
| STORE Capital
Corp ‡ |
|
|
2,555 |
|
|
|
70 |
|
| Summit Hotel Properties
Inc *‡ |
|
|
4,173 |
|
|
|
22 |
|
| Sunstone Hotel Investors
Inc *‡ |
|
|
3,516 |
|
|
|
28 |
|
| Tanger Factory Outlet Centers Inc *‡ |
|
|
3,357 |
|
|
|
20 |
|
| Taubman Centers
Inc *‡ |
|
|
1,690 |
|
|
|
56 |
|
| Terreno Realty
Corp ‡ |
|
|
941 |
|
|
|
52 |
|
| UDR
Inc ‡ |
|
|
250 |
|
|
|
8 |
|
| Uniti Group
Inc ‡ |
|
|
6,587 |
|
|
|
69 |
|
| Universal Health Realty Income Trust ‡ |
|
|
439 |
|
|
|
25 |
|
| Urban Edge
Properties *‡ |
|
|
2,679 |
|
|
|
26 |
|
| Urstadt Biddle Properties Inc, Cl A ‡ |
|
|
2,126 |
|
|
|
20 |
|
| Ventas
Inc ‡ |
|
|
3,279 |
|
|
|
138 |
|
| VEREIT
Inc ‡ |
|
|
10,217 |
|
|
|
66 |
|
| VICI Properties
Inc ‡ |
|
|
2,012 |
|
|
|
47 |
|
| Vornado Realty
Trust ‡ |
|
|
2,903 |
|
|
|
98 |
|
| Washington Real Estate Investment Trust ‡ |
|
|
1,705 |
|
|
|
34 |
|
| Weingarten Realty
Investors ‡ |
|
|
2,933 |
|
|
|
50 |
|
| Welltower
Inc ‡ |
|
|
4,270 |
|
|
|
235 |
|
| Weyerhaeuser
Co *‡ |
|
|
17,005 |
|
|
|
485 |
|
| WP Carey
Inc ‡ |
|
|
149 |
|
|
|
10 |
|
| Xenia Hotels & Resorts Inc *‡ |
|
|
2,347 |
|
|
|
21 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,878 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Utilities — 2.7% |
|
|
|
|
|
|
|
|
| AES Corp/The |
|
|
5,282 |
|
|
|
96 |
|
| ALLETE Inc |
|
|
620 |
|
|
|
32 |
|
| Alliant Energy Corp |
|
|
213 |
|
|
|
11 |
|
| Ameren Corp |
|
|
1,172 |
|
|
|
93 |
|
| American Electric Power Co Inc |
|
|
5,930 |
|
|
|
485 |
|
| American States Water Co |
|
|
580 |
|
|
|
43 |
|
| American Water Works Co Inc |
|
|
2,717 |
|
|
|
394 |
|
| Atmos Energy Corp |
|
|
461 |
|
|
|
44 |
|
| Avangrid Inc |
|
|
1,720 |
|
|
|
87 |
|
| CenterPoint Energy Inc |
|
|
434 |
|
|
|
8 |
|
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| COMMON STOCK (continued) |
|
|
|
|
|
|
|
|
| Clearway Energy Inc, Cl C |
|
|
456 |
|
|
$ |
12 |
|
| CMS Energy Corp |
|
|
20,708 |
|
|
|
1,272 |
|
| Consolidated Edison Inc |
|
|
3,086 |
|
|
|
240 |
|
| Dominion Energy Inc |
|
|
8,988 |
|
|
|
709 |
|
| DTE Energy Co |
|
|
6,262 |
|
|
|
720 |
|
| Duke Energy Corp |
|
|
9,540 |
|
|
|
845 |
|
| Edison International |
|
|
3,288 |
|
|
|
167 |
|
| Entergy Corp |
|
|
2,276 |
|
|
|
224 |
|
| Essential Utilities Inc |
|
|
331 |
|
|
|
13 |
|
| Evergy Inc |
|
|
180 |
|
|
|
9 |
|
| Eversource Energy |
|
|
10,983 |
|
|
|
918 |
|
| Exelon Corp |
|
|
11,090 |
|
|
|
397 |
|
| FirstEnergy Corp |
|
|
4,900 |
|
|
|
141 |
|
| Hawaiian Electric Industries Inc |
|
|
249 |
|
|
|
8 |
|
| IDACORP Inc |
|
|
108 |
|
|
|
9 |
|
| MDU Resources Group Inc |
|
|
386 |
|
|
|
9 |
|
| MGE Energy Inc |
|
|
631 |
|
|
|
40 |
|
| National Fuel Gas Co |
|
|
245 |
|
|
|
10 |
|
| New Jersey Resources Corp |
|
|
1,111 |
|
|
|
30 |
|
| NextEra Energy Inc |
|
|
6,768 |
|
|
|
1,879 |
|
| NiSource Inc |
|
|
419 |
|
|
|
9 |
|
| Northwest Natural Holding Co |
|
|
699 |
|
|
|
32 |
|
| NRG Energy Inc |
|
|
2,300 |
|
|
|
71 |
|
| OGE Energy Corp |
|
|
261 |
|
|
|
8 |
|
| Ormat Technologies Inc |
|
|
644 |
|
|
|
38 |
|
| PG&E Corp * |
|
|
692 |
|
|
|
6 |
|
| Pinnacle West Capital Corp |
|
|
2,640 |
|
|
|
197 |
|
| PNM Resources Inc |
|
|
975 |
|
|
|
40 |
|
| Portland General Electric Co |
|
|
894 |
|
|
|
32 |
|
| PPL Corp |
|
|
7,025 |
|
|
|
191 |
|
| Public Service Enterprise Group Inc |
|
|
5,257 |
|
|
|
289 |
|
| Sempra Energy |
|
|
3,086 |
|
|
|
365 |
|
| SJW Group |
|
|
716 |
|
|
|
44 |
|
| South Jersey Industries Inc |
|
|
1,556 |
|
|
|
30 |
|
| Southern Co/The |
|
|
13,370 |
|
|
|
725 |
|
| Sunnova Energy International Inc * |
|
|
717 |
|
|
|
22 |
|
| UGI Corp |
|
|
253 |
|
|
|
8 |
|
| Vistra Corp |
|
|
2,088 |
|
|
|
39 |
|
| WEC Energy Group Inc |
|
|
2,491 |
|
|
|
241 |
|
| Xcel Energy Inc |
|
|
21,147 |
|
|
|
1,459 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,791 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
468,914 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Common Stock
(Cost $313,481) ($ Thousands) |
|
|
|
|
|
|
474,805 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| 16 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Growth Fund (Concluded)
|
|
|
|
|
|
|
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| CASH EQUIVALENT — 0.9% |
|
|
|
|
|
|
|
|
| SEI Daily Income Trust, Government Fund, Cl F |
|
|
|
|
|
|
|
|
|
0.010%**† |
|
|
4,493,215 |
|
|
$ |
4,493 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Cash Equivalent
(Cost $4,493) ($ Thousands) |
|
|
|
|
|
|
4,493 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments in Securities — 99.6%
(Cost $317,974) ($ Thousands) |
|
|
|
|
|
$ |
479,298 |
|
|
|
|
|
|
|
|
|
|
A list of the open futures held by the Fund at September 30, 2020 are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
Type of
Contract |
|
Number of
Contracts
Long |
|
Expiration
Date |
|
|
Notional Amount
(Thousands) |
|
Value
(Thousands) |
|
Unrealized
Appreciation
(Thousands) |
|
| Russell 2000 Index E-MINI |
|
|
9 |
|
|
|
Dec-2020 |
|
|
$ |
667 |
|
|
$ |
677 |
|
|
$ |
10 |
|
| S&P 500 Index E-MINI |
|
|
25 |
|
|
|
Dec-2020 |
|
|
|
4,150 |
|
|
|
4,190 |
|
|
|
40 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,817 |
|
|
$ |
4,867 |
|
|
$ |
50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The futures contracts are considered to have interest rate risk associated with them.
| |
Percentages are based on Net Assets of $481,084 ($ Thousands). |
| * |
Non-income producing security. |
| ** |
The rate reported is the 7-day effective yield as of September 30, 2020. |
| † |
Investment in Affiliated Security. |
| ‡ |
Real Estate Investment Trust. |
| (A) |
Security is a Master Limited Partnership. At September 30, 2020, such securities amounted to $77 ($ Thousands), or
0.0% of the Net Assets of the Fund. |
Cl — Class
Ltd.
— Limited
MSCI — Morgan Stanley Capital International
NASDAQ
— National Association of Securities Dealers and Automated Quotations
PLC — Public Limited Company
REIT — Real Estate investment Trust
S&P— Standard & Poor’s
The following is a list of the level of inputs used as of September 30, 2020, in valuing the Fund’s investments
and other financial instruments carried at value ($ Thousands).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
| Investments in Securities |
|
Level 1
($) |
|
|
Level 2
($) |
|
|
Level 3
($) |
|
|
Total
($) |
|
| Common Stock |
|
|
474,805 |
|
|
|
– |
|
|
|
– |
|
|
|
474,805 |
|
| Cash Equivalent |
|
|
4,493 |
|
|
|
– |
|
|
|
– |
|
|
|
4,493 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments in Securities |
|
|
479,298 |
|
|
|
– |
|
|
|
– |
|
|
|
479,298 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
| Other Financial Instruments |
|
Level 1
($) |
|
|
Level 2
($) |
|
|
Level 3
($) |
|
|
Total
($) |
|
| Futures Contracts* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unrealized Appreciation |
|
|
50 |
|
|
|
– |
|
|
|
– |
|
|
|
50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Other Financial Instruments |
|
|
50 |
|
|
|
– |
|
|
|
– |
|
|
|
50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*Futures contracts are valued at the unrealized appreciation on the instrument.
For the period ended September 30, 2020, there were no transfers in or out of Level 3.
Amounts designated as “ —” are either $0 or have been rounded to $0.
For information regarding the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent
semi-annual and annual financial statements.
The following is a summary of the transactions with affiliates for the period ended September 30, 2020 ($ Thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Security Description |
|
Value at
6/30/2020 |
|
Purchases at Cost |
|
Proceeds from
Sales |
|
Realized Gain/
(Loss) |
|
Change in
Unrealized
Appreciation
(Depreciation) |
|
Value
9/30/2020 |
|
Shares |
|
Dividend Income |
|
Capital Gains |
| SEI Daily Income Trust, Government Fund, Cl F |
|
$ 6,613 |
|
$15,403 |
|
$(17,523) |
|
$— |
|
$— |
|
$4,493 |
|
4,493,215 |
|
$— |
|
$— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
17 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| MORTGAGE-BACKED SECURITIES — 38.9% |
|
|
| Agency Mortgage-Backed Obligations — 30.8% |
|
| FHLMC |
|
|
|
|
|
|
|
|
| 6.500%, 09/01/2039 |
|
$ |
28 |
|
|
$ |
33 |
|
| 5.500%, 12/01/2036 to 12/01/2038 |
|
|
229 |
|
|
|
268 |
|
| 5.000%, 12/01/2020 to 03/01/2050 |
|
|
1,185 |
|
|
|
1,338 |
|
| 4.500%, 06/01/2038 to 04/01/2050 |
|
|
5,394 |
|
|
|
5,921 |
|
| 4.000%, 07/01/2037 to 03/01/2050 |
|
|
2,903 |
|
|
|
3,170 |
|
| 3.500%, 11/01/2042 to 05/01/2050 |
|
|
4,701 |
|
|
|
5,048 |
|
| 3.000%, 09/01/2032 to 03/01/2050 |
|
|
4,789 |
|
|
|
5,086 |
|
| 2.500%, 08/01/2030 to 06/01/2050 |
|
|
2,765 |
|
|
|
2,922 |
|
| 2.000%, 10/01/2032 |
|
|
397 |
|
|
|
412 |
|
| FHLMC CMO, Ser 2011-3947, Cl SG, IO |
|
|
|
|
|
|
|
|
| 5.798%, VAR LIBOR USD 1 Month+5.950%, 10/15/2041 |
|
|
197 |
|
|
|
35 |
|
| FHLMC CMO, Ser 2012-4057, Cl UI, IO |
|
|
|
|
|
|
|
|
| 3.000%, 05/15/2027 |
|
|
111 |
|
|
|
6 |
|
| FHLMC CMO, Ser 2012-4085, Cl IO, IO |
|
|
|
|
|
|
|
|
| 3.000%, 06/15/2027 |
|
|
235 |
|
|
|
13 |
|
| FHLMC CMO, Ser 2012-4099, Cl ST, IO |
|
|
|
|
|
|
|
|
| 5.848%, VAR LIBOR USD 1 Month+6.000%, 08/15/2042 |
|
|
101 |
|
|
|
18 |
|
| FHLMC CMO, Ser 2013-4194, Cl BI, IO |
|
|
|
|
|
|
|
|
| 3.500%, 04/15/2043 |
|
|
109 |
|
|
|
11 |
|
| FHLMC CMO, Ser 2013-4203, Cl PS, IO |
|
|
|
|
|
|
|
|
| 6.098%, VAR LIBOR USD 1 Month+6.250%, 09/15/2042 |
|
|
145 |
|
|
|
22 |
|
| FHLMC CMO, Ser 2014-4310, Cl SA, IO |
|
|
|
|
|
|
|
|
| 5.798%, VAR LIBOR USD 1 Month+5.950%, 02/15/2044 |
|
|
41 |
|
|
|
7 |
|
| FHLMC CMO, Ser 2014-4335, Cl SW, IO |
|
|
|
|
|
|
|
|
| 5.295%, VAR LIBOR USD 1 Month+6.000%, 05/15/2044 |
|
|
84 |
|
|
|
17 |
|
| FHLMC CMO, Ser 2014-4415, Cl IO, IO |
|
|
|
|
|
|
|
|
| 2.865%, 04/15/2041 (A) |
|
|
41 |
|
|
|
3 |
|
| FHLMC Multifamily Structured Pass-Through Certificates, Ser 1517, Cl X1, IO |
|
|
|
|
|
|
|
|
| 1.331%, 07/25/2035 (A) |
|
|
340 |
|
|
|
49 |
|
| FHLMC Multifamily Structured Pass-Through Certificates, Ser K091, Cl A2 |
|
|
|
|
|
|
|
|
| 3.505%, 03/25/2029 |
|
|
120 |
|
|
|
142 |
|
| FHLMC Structured Agency Credit Risk Debt Notes, Ser 2016-DNA1, Cl M3 |
|
|
|
|
|
|
|
|
| 5.725%, VAR ICE LIBOR USD 1 Month+5.550%, 07/25/2028 |
|
|
305 |
|
|
|
324 |
|
| FHLMC, Ser 2016-353, Cl S1, IO |
|
|
|
|
|
|
|
|
| 5.848%, VAR LIBOR USD 1 Month+6.000%, 12/15/2046 |
|
|
128 |
|
|
|
28 |
|
| FHLMC, Ser 2018-4813, Cl CJ |
|
|
|
|
|
|
|
|
| 3.000%, 08/15/2048 |
|
|
115 |
|
|
|
119 |
|
| FHLMC, Ser 2020-5010, Cl IK, IO |
|
|
|
|
|
|
|
|
| 2.500%, 09/25/2050 |
|
|
100 |
|
|
|
13 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| MORTGAGE-BACKED SECURITIES (continued) |
|
| FHLMC, Ser 2020-5010, Cl JI, IO |
|
|
|
|
|
|
|
|
| 2.500%, 09/25/2050 |
|
$ |
199 |
|
|
$ |
25 |
|
| FHLMC, Ser 2020-5013, Cl IN, IO |
|
|
|
|
|
|
|
|
| 2.500%, 09/25/2050 |
|
|
100 |
|
|
|
12 |
|
| FNMA |
|
|
|
|
|
|
|
|
| 7.000%, 11/01/2037 to 11/01/2038 |
|
|
27 |
|
|
|
31 |
|
| 6.500%, 01/01/2038 to 05/01/2040 |
|
|
180 |
|
|
|
208 |
|
| 6.000%, 07/01/2037 to 07/01/2041 |
|
|
108 |
|
|
|
129 |
|
| 5.500%, 02/01/2035 |
|
|
106 |
|
|
|
125 |
|
| 5.000%, 01/01/2021 to 03/01/2050 |
|
|
5,900 |
|
|
|
6,524 |
|
| 4.893%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.268%, 01/01/2036 |
|
|
23 |
|
|
|
23 |
|
| 4.500%, 02/01/2035 to 04/01/2056 |
|
|
7,078 |
|
|
|
7,808 |
|
| 4.174%, VAR ICE LIBOR USD 12 Month+1.700%, 03/01/2036 |
|
|
20 |
|
|
|
21 |
|
| 4.075%, VAR ICE LIBOR USD 12 Month+1.432%, 05/01/2043 |
|
|
179 |
|
|
|
185 |
|
| 4.000%, 06/01/2025 to 03/01/2050 |
|
|
12,433 |
|
|
|
13,568 |
|
| 3.500%, 04/01/2033 to 03/01/2057 |
|
|
12,379 |
|
|
|
13,400 |
|
| 3.000%, 12/01/2036 to 09/01/2050 |
|
|
6,018 |
|
|
|
6,397 |
|
| 2.790%, 08/01/2029 |
|
|
200 |
|
|
|
226 |
|
| 2.500%, 06/01/2028 to 08/01/2035 |
|
|
2,548 |
|
|
|
2,683 |
|
| 2.260%, 04/01/2030 |
|
|
99 |
|
|
|
108 |
|
| 2.000%, 08/01/2050 |
|
|
1,841 |
|
|
|
1,912 |
|
| FNMA CMO, Ser 2003-W2, Cl 2A9 |
|
|
|
|
|
|
|
|
| 5.900%, 07/25/2042 |
|
|
408 |
|
|
|
477 |
|
| FNMA CMO, Ser 2012-93, Cl UI, IO |
|
|
|
|
|
|
|
|
| 3.000%, 09/25/2027 |
|
|
318 |
|
|
|
19 |
|
| FNMA CMO, Ser 2014-47, Cl AI, IO |
|
|
|
|
|
|
|
|
| 2.212%, 08/25/2044 (A) |
|
|
102 |
|
|
|
7 |
|
| FNMA CMO, Ser 2015-55, Cl IO, IO |
|
|
|
|
|
|
|
|
| 1.900%, 08/25/2055 (A) |
|
|
26 |
|
|
|
1 |
|
| FNMA CMO, Ser 2015-56, Cl AS, IO |
|
|
|
|
|
|
|
|
| 5.203%, VAR LIBOR USD 1 Month+6.150%, 08/25/2045 |
|
|
52 |
|
|
|
13 |
|
| FNMA Connecticut Avenue Securities, Ser 2014-C04, Cl 1M2 |
|
|
|
|
|
|
|
|
| 5.048%, VAR ICE LIBOR USD 1 Month+4.900%, 11/25/2024 |
|
|
208 |
|
|
|
215 |
|
| FNMA TBA |
|
|
|
|
|
|
|
|
| 2.000%, 10/14/2169 to 10/19/2169 |
|
|
5,800 |
|
|
|
6,008 |
|
| 1.500%, 10/19/2169 |
|
|
800 |
|
|
|
819 |
|
| FNMA, Ser 2005-29, Cl ZA |
|
|
|
|
|
|
|
|
| 5.500%, 04/25/2035 |
|
|
128 |
|
|
|
151 |
|
| FNMA, Ser 2012-101, Cl BI, IO |
|
|
|
|
|
|
|
|
| 4.000%, 09/25/2027 |
|
|
10 |
|
|
|
1 |
|
| FNMA, Ser 2013-54, Cl BS, IO |
|
|
|
|
|
|
|
|
| 6.002%, VAR LIBOR USD 1 Month+6.150%, 06/25/2043 |
|
|
42 |
|
|
|
9 |
|
|
|
|
| |
|
| 18 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| MORTGAGE-BACKED SECURITIES (continued) |
|
| FNMA, Ser 2017-76, Cl SB, IO |
|
|
|
|
|
|
|
|
| 5.952%, VAR LIBOR USD 1 Month+6.100%, 10/25/2057 |
|
$ |
236 |
|
|
$ |
54 |
|
| FNMA, Ser 2017-85, Cl SC, IO |
|
|
|
|
|
|
|
|
| 5.253%, VAR LIBOR USD 1 Month+6.200%, 11/25/2047 |
|
|
59 |
|
|
|
12 |
|
| FNMA, Ser 2020-47, Cl GZ |
|
|
|
|
|
|
|
|
| 2.000%, 07/25/2050 |
|
|
101 |
|
|
|
101 |
|
| FNMA, Ser 2020-56, Cl DI, IO |
|
|
|
|
|
|
|
|
| 2.500%, 08/25/2050 |
|
|
100 |
|
|
|
13 |
|
| FNMA, Ser M19, Cl A2 |
|
|
|
|
|
|
|
|
| 2.560%, 09/25/2029 |
|
|
389 |
|
|
|
430 |
|
| FNMA, Ser M23, Cl 3A3 |
|
|
|
|
|
|
|
|
| 2.720%, 10/25/2031 (A) |
|
|
100 |
|
|
|
108 |
|
| FNMA, Ser M4, Cl A2 |
|
|
|
|
|
|
|
|
| 3.610%, 02/25/2031 |
|
|
80 |
|
|
|
96 |
|
| FNMA, Ser M6, Cl A2 |
|
|
|
|
|
|
|
|
| 3.450%, 01/01/2029 |
|
|
170 |
|
|
|
197 |
|
| FRESB Mortgage Trust, Ser SB48, Cl A10F |
|
|
|
|
|
|
|
|
| 3.370%, 02/25/2028 (A) |
|
|
694 |
|
|
|
750 |
|
| FRESB Mortgage Trust, Ser SB58, Cl A10F |
|
|
|
|
|
|
|
|
| 3.610%, 10/25/2028 (A) |
|
|
1,018 |
|
|
|
1,103 |
|
| GNMA |
|
|
|
|
|
|
|
|
| 5.500%, 02/20/2037 to 01/15/2039 |
|
|
100 |
|
|
|
117 |
|
| 5.000%, 12/20/2038 to 01/20/2049 |
|
|
906 |
|
|
|
1,017 |
|
| 4.600%, 09/15/2034 |
|
|
1,670 |
|
|
|
1,858 |
|
| 4.500%, 05/20/2040 to 03/20/2050 |
|
|
3,476 |
|
|
|
3,811 |
|
| 4.000%, 01/15/2041 to 11/20/2049 |
|
|
2,579 |
|
|
|
2,796 |
|
| 3.500%, 06/20/2044 to 05/15/2050 |
|
|
1,878 |
|
|
|
2,020 |
|
| 3.000%, 09/15/2042 to 01/20/2050 |
|
|
751 |
|
|
|
788 |
|
| 2.500%, 02/20/2027 |
|
|
501 |
|
|
|
522 |
|
| GNMA CMO, Ser 186, Cl IO, IO |
|
|
|
|
|
|
|
|
| 0.699%, 08/16/2054 (A) |
|
|
929 |
|
|
|
33 |
|
| GNMA CMO, Ser 2012-34, Cl SA, IO |
|
|
|
|
|
|
|
|
| 5.894%, VAR LIBOR USD 1 Month+6.050%, 03/20/2042 |
|
|
29 |
|
|
|
7 |
|
| GNMA CMO, Ser 2012-66, Cl CI, IO |
|
|
|
|
|
|
|
|
| 3.500%, 02/20/2038 |
|
|
37 |
|
|
|
1 |
|
| GNMA CMO, Ser 2012-H18, Cl NA |
|
|
|
|
|
|
|
|
| 0.675%, VAR ICE LIBOR USD 1 Month+0.520%, 08/20/2062 |
|
|
145 |
|
|
|
145 |
|
| GNMA CMO, Ser 2012-H30, Cl GA |
|
|
|
|
|
|
|
|
| 0.505%, VAR ICE LIBOR USD 1 Month+0.350%, 12/20/2062 |
|
|
663 |
|
|
|
662 |
|
| GNMA CMO, Ser 2013-H01, Cl TA |
|
|
|
|
|
|
|
|
| 0.655%, VAR ICE LIBOR USD 1 Month+0.500%, 01/20/2063 |
|
|
4 |
|
|
|
4 |
|
| GNMA CMO, Ser 2013-H08, Cl BF |
|
|
|
|
|
|
|
|
| 0.555%, VAR ICE LIBOR USD 1 Month+0.400%, 03/20/2063 |
|
|
615 |
|
|
|
615 |
|
| GNMA CMO, Ser 2014-105, Cl IO, IO |
|
|
|
|
|
|
|
|
| 0.901%, 06/16/2054 (A) |
|
|
838 |
|
|
|
29 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| MORTGAGE-BACKED SECURITIES (continued) |
|
| GNMA CMO, Ser 2015-H20, Cl FA |
|
|
|
|
|
|
|
|
| 0.625%, VAR ICE LIBOR USD 1 Month+0.470%, 08/20/2065 |
|
$ |
254 |
|
|
$ |
254 |
|
| GNMA CMO, Ser 85, Cl IA, IO |
|
|
|
|
|
|
|
|
| 0.680%, 03/16/2047 (A) |
|
|
2,368 |
|
|
|
66 |
|
| GNMA CMO, Ser 95, Cl IO, IO |
|
|
|
|
|
|
|
|
| 0.541%, 04/16/2047 (A) |
|
|
1,338 |
|
|
|
38 |
|
| GNMA TBA |
|
|
|
|
|
|
|
|
| 3.000%, 10/01/2042 |
|
|
1,800 |
|
|
|
1,885 |
|
| 2.500%, 02/20/2046 |
|
|
1,000 |
|
|
|
1,050 |
|
| 2.000%, 10/21/2169 |
|
|
1,000 |
|
|
|
1,039 |
|
| GNMA, Ser 107, Cl AD |
|
|
|
|
|
|
|
|
| 2.695%, 11/16/2047 (A) |
|
|
87 |
|
|
|
92 |
|
| GNMA, Ser 2013-H21, Cl FB |
|
|
|
|
|
|
|
|
| 0.855%, VAR ICE LIBOR USD 1 Month+0.700%, 09/20/2063 |
|
|
452 |
|
|
|
454 |
|
| GNMA, Ser 2015-167, Cl OI, IO |
|
|
|
|
|
|
|
|
| 4.000%, 04/16/2045 |
|
|
84 |
|
|
|
12 |
|
| GNMA, Ser 2020-123, Cl NI, IO |
|
|
|
|
|
|
|
|
| 2.500%, 08/20/2050 |
|
|
100 |
|
|
|
14 |
|
| GNMA, Ser 2020-H04, Cl FP |
|
|
|
|
|
|
|
|
| 0.655%, VAR ICE LIBOR USD 1 Month+0.500%, 06/20/2069 |
|
|
189 |
|
|
|
190 |
|
| GNMA, Ser 2020-H09, Cl FL |
|
|
|
|
|
|
|
|
| 1.306%, VAR ICE LIBOR USD 1 Month+1.150%, 05/20/2070 |
|
|
100 |
|
|
|
105 |
|
| GNMA, Ser 2020-H13, Cl FM |
|
|
|
|
|
|
|
|
| 0.556%, VAR ICE LIBOR USD 1 Month+0.400%, 08/20/2070 |
|
|
393 |
|
|
|
393 |
|
| GNMA, Ser 2020-H13, Cl FA |
|
|
|
|
|
|
|
|
| 0.606%, VAR ICE LIBOR USD 1 Month+0.450%, 07/20/2070 |
|
|
600 |
|
|
|
600 |
|
| GNMA, Ser 28, Cl AB |
|
|
|
|
|
|
|
|
| 3.150%, 06/16/2060 |
|
|
71 |
|
|
|
75 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
109,666 |
|
|
|
|
|
|
|
|
|
|
|
| Non-Agency Mortgage-Backed Obligations — 8.1% |
|
| 280 Park Avenue Mortgage Trust, Ser 280P, Cl A |
|
|
|
|
|
|
|
|
| 1.032%, VAR ICE LIBOR USD 1 Month+0.880%, 09/15/2034 (B) |
|
|
130 |
|
|
|
130 |
|
| Atrium Hotel Portfolio Trust, Ser ATRM, Cl C |
|
|
|
|
|
|
|
|
| 2.355%, VAR ICE LIBOR USD 1 Month+1.650%, 12/15/2036 (B) |
|
|
410 |
|
|
|
370 |
|
| BX Commercial Mortgage Trust, Ser XL, Cl A |
|
|
|
|
|
|
|
|
| 1.625%, VAR ICE LIBOR USD 1 Month+0.920%, 10/15/2036 (B) |
|
|
1,049 |
|
|
|
1,049 |
|
| CIM Trust, Ser 2020-INV1, Cl A2 |
|
|
|
|
|
|
|
|
| 2.500%, 04/25/2050 (A)(B) |
|
|
528 |
|
|
|
543 |
|
| Citigroup Commercial Mortgage Trust, Ser 2014-GC25, Cl AS |
|
|
|
|
|
|
|
|
| 4.017%, 10/10/2047 |
|
|
100 |
|
|
|
109 |
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
19 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| MORTGAGE-BACKED SECURITIES (continued) |
|
| Citigroup Commercial Mortgage Trust, Ser 2016-P6, Cl AAB |
|
|
|
|
|
|
|
|
| 3.512%, 12/10/2049 |
|
$ |
810 |
|
|
$ |
884 |
|
| Citigroup Commercial Mortgage Trust, Ser 375P, Cl A |
|
|
|
|
|
|
|
|
| 3.251%, 05/10/2035 (B) |
|
|
190 |
|
|
|
198 |
|
| COMM Mortgage Trust, Ser CR5, Cl AM |
|
|
|
|
|
|
|
|
| 3.223%, 12/10/2045 (B) |
|
|
590 |
|
|
|
611 |
|
| COMM Mortgage Trust, Ser CR5, Cl A4 |
|
|
|
|
|
|
|
|
| 2.771%, 12/10/2045 |
|
|
700 |
|
|
|
723 |
|
| COMM Mortgage Trust, Ser CR8, Cl A4 |
|
|
|
|
|
|
|
|
| 3.334%, 06/10/2046 |
|
|
565 |
|
|
|
591 |
|
| Commercial Mortgage Trust, Ser 2013-CR12, Cl C |
|
|
|
|
|
|
|
|
| 5.241%, 10/10/2046 (A) |
|
|
10 |
|
|
|
10 |
|
| Commercial Mortgage Trust, Ser 2013-CR12, Cl AM |
|
|
|
|
|
|
|
|
| 4.300%, 10/10/2046 |
|
|
20 |
|
|
|
22 |
|
| Commercial Mortgage Trust, Ser 2013-CR12, Cl B |
|
|
|
|
|
|
|
|
| 4.762%, 10/10/2046 (A) |
|
|
20 |
|
|
|
20 |
|
| Credit Suisse Mortgage Trust, Ser 2019- NQM1, Cl A3 |
|
|
|
|
|
|
|
|
| 3.064%, 10/25/2059 (B) |
|
|
356 |
|
|
|
364 |
|
| CSMC Trust, Ser 2018-J1, Cl A2 |
|
|
|
|
|
|
|
|
| 3.500%, 02/25/2048 (A)(B) |
|
|
922 |
|
|
|
957 |
|
| CSMC, Ser USA, Cl B |
|
|
|
|
|
|
|
|
| 4.185%, 09/15/2037 (B) |
|
|
470 |
|
|
|
423 |
|
| DBUBS Mortgage Trust, Ser LC2A, Cl A4 |
|
|
|
|
|
|
|
|
| 4.537%, 07/10/2044 (B) |
|
|
917 |
|
|
|
928 |
|
| Flagstar Mortgage Trust, Ser 2018-2, Cl A4 |
|
|
|
|
|
|
|
|
| 3.500%, 04/25/2048 (A)(B) |
|
|
143 |
|
|
|
145 |
|
| GS Mortage-Backed Securities Trust, Ser 2020-PJ1, Cl A6 |
|
|
|
|
|
|
|
|
| 3.500%, 05/25/2050 (A)(B) |
|
|
569 |
|
|
|
579 |
|
| GS Mortgage Securities Trust, Ser 2013- GC16, Cl B |
|
|
|
|
|
|
|
|
| 5.161%, 11/10/2046 (A) |
|
|
80 |
|
|
|
84 |
|
| GS Mortgage Securities Trust, Ser 2018- SRP5, Cl A |
|
|
|
|
|
|
|
|
| 3.281%, 06/09/2021 |
|
|
620 |
|
|
|
498 |
|
| GS Mortgage Securities Trust, Ser 2018- SRP5, Cl B |
|
|
|
|
|
|
|
|
| 4.481%, 06/09/2021 |
|
|
430 |
|
|
|
345 |
|
| GS Mortgage-Backed Securities Trust, Ser 2018-RPL1, Cl A1A |
|
|
|
|
|
|
|
|
| 3.750%, 10/25/2057 (B) |
|
|
314 |
|
|
|
334 |
|
| GS Mortgage-Backed Securities Trust, Ser 2020-INV1, Cl A14 |
|
|
|
|
|
|
|
|
| 3.000%, 08/25/2050 (A)(B) |
|
|
783 |
|
|
|
802 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| MORTGAGE-BACKED SECURITIES (continued) |
|
| JPMBB Commercial Mortgage Securities Trust, Ser 2013-C15, Cl B |
|
|
|
|
|
|
|
|
| 4.927%, 11/15/2045 (A) |
|
$ |
210 |
|
|
$ |
221 |
|
| JPMBB Commercial Mortgage Securities Trust, Ser 2013-C17, Cl B |
|
|
|
|
|
|
|
|
| 5.055%, 01/15/2047 (A) |
|
|
30 |
|
|
|
32 |
|
| JPMBB Commercial Mortgage Securities Trust, Ser 2014-C22, Cl C |
|
|
|
|
|
|
|
|
| 4.706%, 09/15/2047 (A) |
|
|
80 |
|
|
|
71 |
|
| JPMorgan Chase Commercial Mortgage Securities Trust, Ser C6, Cl A3 |
|
|
|
|
|
|
|
|
| 3.507%, 05/15/2045 |
|
|
1,071 |
|
|
|
1,108 |
|
| JPMorgan Chase Commercial Mortgage Securities Trust, Ser FL7, Cl D |
|
|
|
|
|
|
|
|
| 4.455%, VAR ICE LIBOR USD 1 Month+3.750%, 05/15/2028 (B) |
|
|
129 |
|
|
|
127 |
|
| JPMorgan Chase Commercial Mortgage Securities Trust, Ser LC9, Cl AS |
|
|
|
|
|
|
|
|
| 3.353%, 12/15/2047 (B) |
|
|
380 |
|
|
|
389 |
|
| JPMorgan Mortgage Trust, Ser 2015-5, Cl A9 |
|
|
|
|
|
|
|
|
| 2.633%, 05/25/2045 (A)(B) |
|
|
64 |
|
|
|
66 |
|
| JPMorgan Mortgage Trust, Ser 2016-1, Cl A5 |
|
|
|
|
|
|
|
|
| 3.500%, 05/25/2046 (A)(B) |
|
|
135 |
|
|
|
136 |
|
| JPMorgan Mortgage Trust, Ser 2018-3, Cl A1 |
|
|
|
|
|
|
|
|
| 3.500%, 09/25/2048 (A)(B) |
|
|
449 |
|
|
|
461 |
|
| JPMorgan Mortgage Trust, Ser 2018-4, Cl A1 |
|
|
|
|
|
|
|
|
| 3.500%, 10/25/2048 (A)(B) |
|
|
157 |
|
|
|
161 |
|
| JPMorgan Mortgage Trust, Ser 2018-5, Cl A1 |
|
|
|
|
|
|
|
|
| 3.500%, 10/25/2048 (A)(B) |
|
|
302 |
|
|
|
310 |
|
| MAD Mortgage Trust, Ser 330M, Cl A |
|
|
|
|
|
|
|
|
| 3.082%, 08/15/2034 (A)(B) |
|
|
220 |
|
|
|
228 |
|
| Morgan Stanley Bank of America Merrill Lynch Trust, Ser C24, Cl A4 |
|
|
|
|
|
|
|
|
| 3.732%, 05/15/2048 |
|
|
473 |
|
|
|
528 |
|
| Morgan Stanley Bank of America Merrill Lynch Trust, Ser C34, Cl ASB |
|
|
|
|
|
|
|
|
| 3.354%, 11/15/2052 |
|
|
615 |
|
|
|
677 |
|
| Morgan Stanley Bank of America Merrill Lynch Trust, Ser C5, Cl A4 |
|
|
|
|
|
|
|
|
| 3.176%, 08/15/2045 |
|
|
1,475 |
|
|
|
1,525 |
|
| Morgan Stanley Bank of America Merrill Lynch Trust, Ser C9, Cl A4 |
|
|
|
|
|
|
|
|
| 3.102%, 05/15/2046 |
|
|
714 |
|
|
|
747 |
|
| Morgan Stanley Capital I Trust, Ser 2012-C4, Cl A4 |
|
|
|
|
|
|
|
|
| 3.244%, 03/15/2045 |
|
|
220 |
|
|
|
224 |
|
| Morgan Stanley Capital I Trust, Ser BPR, Cl A |
|
|
|
|
|
|
|
|
| 2.105%, VAR ICE LIBOR USD 1 Month+1.400%, 05/15/2036 (B) |
|
|
320 |
|
|
|
306 |
|
| MSCG Trust, Ser ALDR, Cl A2 |
|
|
|
|
|
|
|
|
| 3.577%, 06/07/2035 (A)(B) |
|
|
410 |
|
|
|
403 |
|
|
|
|
| |
|
| 20 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| MORTGAGE-BACKED SECURITIES (continued) |
|
| Natixis Commercial Mortgage Securities Trust, Ser FAME, Cl B |
|
|
|
|
|
|
|
|
| 3.655%, 08/15/2036 (B) |
|
$ |
410 |
|
|
$ |
387 |
|
| New Residential Mortgage Loan Trust, Ser 2019-4A, Cl A1B |
|
|
|
|
|
|
|
|
| 3.500%, 12/25/2058 (A)(B) |
|
|
319 |
|
|
|
339 |
|
| New Residential Mortgage Loan Trust, Ser 2019-NQM4, Cl A1 |
|
|
|
|
|
|
|
|
| 2.492%, 09/25/2059 (A)(B) |
|
|
456 |
|
|
|
464 |
|
| Residential Mortgage Loan Trust, Ser 2019- 3, Cl A3 |
|
|
|
|
|
|
|
|
| 3.044%, 09/25/2059 (A)(B) |
|
|
299 |
|
|
|
298 |
|
| Residential Mortgage Loan Trust, Ser 2019- 3, Cl A2 |
|
|
|
|
|
|
|
|
| 2.941%, 09/25/2059 (A)(B) |
|
|
299 |
|
|
|
301 |
|
| Residential Mortgage Loan Trust, Ser 2020- 2, Cl A1 |
|
|
|
|
|
|
|
|
| 1.654%, 05/25/2060 (A)(B) |
|
|
524 |
|
|
|
527 |
|
| Seasoned Credit Risk Transfer Trust, Ser 2019-1, Cl MA |
|
|
|
|
|
|
|
|
| 3.500%, 07/25/2058 |
|
|
829 |
|
|
|
895 |
|
| Seasoned Credit Risk Transfer Trust, Ser 2019-2, Cl MA |
|
|
|
|
|
|
|
|
| 3.500%, 08/25/2058 |
|
|
706 |
|
|
|
768 |
|
| Seasoned Credit Risk Transfer Trust, Ser 2019-4, Cl MA |
|
|
|
|
|
|
|
|
| 3.000%, 02/25/2059 |
|
|
735 |
|
|
|
784 |
|
| Seasoned Credit Risk Transfer Trust, Ser 2020-2, Cl MA |
|
|
|
|
|
|
|
|
| 2.000%, 11/25/2059 |
|
|
514 |
|
|
|
530 |
|
| Sequoia Mortgage Trust, Ser 2017-1, Cl A4 |
|
|
|
|
|
|
|
|
| 3.500%, 02/25/2047 (A)(B) |
|
|
441 |
|
|
|
445 |
|
| Sequoia Mortgage Trust, Ser 2017-5, Cl A4 |
|
|
|
|
|
|
|
|
| 3.500%, 08/25/2047 (A)(B) |
|
|
351 |
|
|
|
356 |
|
| Sequoia Mortgage Trust, Ser 2017-6, Cl A4 |
|
|
|
|
|
|
|
|
| 3.500%, 09/25/2047 (A)(B) |
|
|
159 |
|
|
|
160 |
|
| Shops at Crystals Trust, Ser CSTL, Cl A |
|
|
|
|
|
|
|
|
| 3.126%, 07/05/2036 (B) |
|
|
100 |
|
|
|
99 |
|
| Towd Point Mortgage Trust, Ser 2015-5, Cl A1B |
|
|
|
|
|
|
|
|
| 2.750%, 05/25/2055 (A)(B) |
|
|
108 |
|
|
|
109 |
|
| UBS-BAMLL Trust, Ser 2012-WRM, Cl A |
|
|
|
|
|
|
|
|
| 3.663%, 06/10/2030 (B) |
|
|
116 |
|
|
|
117 |
|
| UBS-Barclays Commercial Mortgage Trust, Ser 2012-C2, Cl A4 |
|
|
|
|
|
|
|
|
| 3.525%, 05/10/2063 |
|
|
631 |
|
|
|
650 |
|
| UBS-Barclays Commercial Mortgage Trust, Ser 2012-CN, Cl XA, IO |
|
|
|
|
|
|
|
|
| 1.451%, 05/10/2063 (A)(B) |
|
|
324 |
|
|
|
6 |
|
| Wells Fargo Commercial Mortgage Trust, Ser 2015-NXS3, Cl NXS3 |
|
|
|
|
|
|
|
|
| 3.371%, 09/15/2057 |
|
|
160 |
|
|
|
169 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| MORTGAGE-BACKED SECURITIES (continued) |
|
| WFRBS Commercial Mortgage Trust, Ser 2012-C7, Cl XA, IO |
|
|
|
|
|
|
|
|
| 1.470%, 06/15/2045 (A)(B) |
|
$ |
1,056 |
|
|
$ |
15 |
|
| WFRBS Commercial Mortgage Trust, Ser 2013-C13, Cl XA, IO |
|
|
|
|
|
|
|
|
| 1.327%, 05/15/2045 (A)(B) |
|
|
1,050 |
|
|
|
26 |
|
| WFRBS Commercial Mortgage Trust, Ser 2014-C23, Cl XA, IO |
|
|
|
|
|
|
|
|
| 0.711%, 10/15/2057 (A) |
|
|
1,041 |
|
|
|
19 |
|
| WFRBS Commercial Mortgage Trust, Ser 2014-C23, Cl B |
|
|
|
|
|
|
|
|
| 4.525%, 10/15/2057 (A) |
|
|
270 |
|
|
|
293 |
|
| WFRBS Commercial Mortgage Trust, Ser C11, Cl AS |
|
|
|
|
|
|
|
|
| 3.311%, 03/15/2045 |
|
|
160 |
|
|
|
167 |
|
| WFRBS Commercial Mortgage Trust, Ser C2, Cl A4 |
|
|
|
|
|
|
|
|
| 4.869%, 02/15/2044 (A)(B) |
|
|
677 |
|
|
|
681 |
|
| WFRBS Commercial Mortgage Trust, Ser C4, Cl A4 |
|
|
|
|
|
|
|
|
| 4.902%, 06/15/2044 (A)(B) |
|
|
1,796 |
|
|
|
1,820 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,864 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Mortgage-Backed Securities (Cost $135,479) ($ Thousands) |
|
|
|
|
|
|
138,530 |
|
|
|
|
|
|
|
|
|
|
|
| CORPORATE OBLIGATIONS — 31.7% |
|
|
| Communication Services — 2.9% |
|
| Alphabet |
|
|
|
|
|
|
|
|
| 2.050%, 08/15/2050 |
|
|
70 |
|
|
|
66 |
|
| 1.100%, 08/15/2030 |
|
|
40 |
|
|
|
40 |
|
| 0.800%, 08/15/2027 |
|
|
30 |
|
|
|
30 |
|
| 0.450%, 08/15/2025 |
|
|
20 |
|
|
|
20 |
|
| AT&T |
|
|
|
|
|
|
|
|
| 4.250%, 03/01/2027 |
|
|
150 |
|
|
|
174 |
|
| 4.125%, 02/17/2026 |
|
|
408 |
|
|
|
468 |
|
| 3.882%, 11/27/2022 (B)(C) |
|
|
2,000 |
|
|
|
1,972 |
|
| 3.000%, 06/30/2022 |
|
|
10 |
|
|
|
10 |
|
| 2.300%, 06/01/2027 |
|
|
120 |
|
|
|
126 |
|
| Charter Communications Operating |
|
|
|
|
|
|
|
|
| 5.050%, 03/30/2029 |
|
|
20 |
|
|
|
24 |
|
| 4.908%, 07/23/2025 |
|
|
310 |
|
|
|
358 |
|
| 4.800%, 03/01/2050 |
|
|
40 |
|
|
|
46 |
|
| 3.750%, 02/15/2028 |
|
|
20 |
|
|
|
22 |
|
| Comcast |
|
|
|
|
|
|
|
|
| 4.700%, 10/15/2048 |
|
|
20 |
|
|
|
27 |
|
| 4.150%, 10/15/2028 |
|
|
80 |
|
|
|
96 |
|
| 3.950%, 10/15/2025 |
|
|
210 |
|
|
|
241 |
|
| 3.750%, 04/01/2040 |
|
|
20 |
|
|
|
23 |
|
| 3.450%, 02/01/2050 |
|
|
70 |
|
|
|
79 |
|
| 3.400%, 04/01/2030 |
|
|
40 |
|
|
|
46 |
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
21 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| CORPORATE OBLIGATIONS (continued) |
|
| 3.300%, 04/01/2027 |
|
$ |
30 |
|
|
$ |
34 |
|
| 3.250%, 11/01/2039 |
|
|
30 |
|
|
|
33 |
|
| 3.150%, 03/01/2026 |
|
|
30 |
|
|
|
34 |
|
| 3.100%, 04/01/2025 |
|
|
10 |
|
|
|
11 |
|
| Comcast Cable Communications Holdings |
|
|
|
|
|
|
|
|
| 9.455%, 11/15/2022 |
|
|
1,116 |
|
|
|
1,329 |
|
| Cox Communications |
|
|
|
|
|
|
|
|
| 3.250%, 12/15/2022 (B) |
|
|
859 |
|
|
|
905 |
|
| Fox |
|
|
|
|
|
|
|
|
| 4.709%, 01/25/2029 |
|
|
40 |
|
|
|
48 |
|
| Sprint Spectrum |
|
|
|
|
|
|
|
|
| 3.360%, 09/20/2021 (B) |
|
|
193 |
|
|
|
195 |
|
| TCI Communications |
|
|
|
|
|
|
|
|
| 7.875%, 02/15/2026 |
|
|
240 |
|
|
|
324 |
|
| Tencent Holdings MTN |
|
|
|
|
|
|
|
|
| 3.595%, 01/19/2028 (B) |
|
|
250 |
|
|
|
275 |
|
| T-Mobile USA |
|
|
|
|
|
|
|
|
| 3.875%, 04/15/2030 (B) |
|
|
170 |
|
|
|
193 |
|
| 3.750%, 04/15/2027 (B) |
|
|
20 |
|
|
|
22 |
|
| 3.500%, 04/15/2025 (B) |
|
|
289 |
|
|
|
317 |
|
| 2.550%, 02/15/2031 (B) |
|
|
40 |
|
|
|
41 |
|
| 2.050%, 02/15/2028 (B) |
|
|
20 |
|
|
|
21 |
|
| Verizon Communications |
|
|
|
|
|
|
|
|
| 4.862%, 08/21/2046 |
|
|
40 |
|
|
|
55 |
|
| 4.329%, 09/21/2028 |
|
|
435 |
|
|
|
527 |
|
| 4.125%, 08/15/2046 |
|
|
40 |
|
|
|
49 |
|
| 4.000%, 03/22/2050 |
|
|
40 |
|
|
|
49 |
|
| 3.875%, 02/08/2029 |
|
|
30 |
|
|
|
36 |
|
| 3.850%, 11/01/2042 |
|
|
10 |
|
|
|
12 |
|
| 3.376%, 02/15/2025 |
|
|
282 |
|
|
|
314 |
|
| 3.000%, 03/22/2027 |
|
|
20 |
|
|
|
22 |
|
| 2.625%, 08/15/2026 |
|
|
513 |
|
|
|
561 |
|
| Viacom |
|
|
|
|
|
|
|
|
| 3.875%, 04/01/2024 |
|
|
20 |
|
|
|
22 |
|
| Vodafone Group PLC |
|
|
|
|
|
|
|
|
| 3.750%, 01/16/2024 |
|
|
410 |
|
|
|
448 |
|
| Walt Disney |
|
|
|
|
|
|
|
|
| 3.350%, 03/24/2025 |
|
|
469 |
|
|
|
522 |
|
| 3.000%, 09/15/2022 |
|
|
30 |
|
|
|
32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,299 |
|
|
|
|
|
|
|
|
|
|
|
| Consumer Discretionary — 1.3% |
|
| Amazon.com |
|
|
|
|
|
|
|
|
| 4.250%, 08/22/2057 |
|
|
10 |
|
|
|
14 |
|
| 3.150%, 08/22/2027 |
|
|
470 |
|
|
|
536 |
|
| 1.200%, 06/03/2027 |
|
|
20 |
|
|
|
20 |
|
| BMW US Capital |
|
|
|
|
|
|
|
|
| 1.850%, 09/15/2021 (B) |
|
|
20 |
|
|
|
20 |
|
| Cargill |
|
|
|
|
|
|
|
|
| 1.375%, 07/23/2023 (B) |
|
|
70 |
|
|
|
72 |
|
| Dollar General |
|
|
|
|
|
|
|
|
| 3.250%, 04/15/2023 |
|
|
10 |
|
|
|
11 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| CORPORATE OBLIGATIONS (continued) |
|
| General Motors |
|
|
|
|
|
|
|
|
| 5.400%, 10/02/2023 |
|
$ |
576 |
|
|
$ |
635 |
|
| General Motors Financial |
|
|
|
|
|
|
|
|
| 4.150%, 06/19/2023 |
|
|
600 |
|
|
|
637 |
|
| 3.700%, 11/24/2020 |
|
|
80 |
|
|
|
80 |
|
| 3.700%, 05/09/2023 |
|
|
190 |
|
|
|
199 |
|
| 2.450%, 11/06/2020 |
|
|
30 |
|
|
|
30 |
|
| Home Depot |
|
|
|
|
|
|
|
|
| 3.900%, 12/06/2028 |
|
|
10 |
|
|
|
12 |
|
| 3.900%, 06/15/2047 |
|
|
10 |
|
|
|
12 |
|
| 3.350%, 04/15/2050 |
|
|
50 |
|
|
|
58 |
|
| 3.300%, 04/15/2040 |
|
|
40 |
|
|
|
45 |
|
| 2.500%, 04/15/2027 |
|
|
450 |
|
|
|
489 |
|
| KazMunayGas National JSC |
|
|
|
|
|
|
|
|
| 5.375%, 04/24/2030 (B) |
|
|
400 |
|
|
|
467 |
|
| Lowe’s |
|
|
|
|
|
|
|
|
| 5.125%, 04/15/2050 |
|
|
50 |
|
|
|
69 |
|
| 5.000%, 04/15/2040 |
|
|
30 |
|
|
|
39 |
|
| 4.500%, 04/15/2030 |
|
|
30 |
|
|
|
37 |
|
| McDonald’s MTN |
|
|
|
|
|
|
|
|
| 4.200%, 04/01/2050 |
|
|
70 |
|
|
|
85 |
|
| 3.700%, 01/30/2026 |
|
|
20 |
|
|
|
23 |
|
| 3.625%, 09/01/2049 |
|
|
10 |
|
|
|
11 |
|
| 3.500%, 03/01/2027 |
|
|
20 |
|
|
|
23 |
|
| 3.350%, 04/01/2023 |
|
|
280 |
|
|
|
299 |
|
| 3.300%, 07/01/2025 |
|
|
50 |
|
|
|
56 |
|
| 1.450%, 09/01/2025 |
|
|
10 |
|
|
|
10 |
|
| Newell Brands |
|
|
|
|
|
|
|
|
| 4.350%, 04/01/2023 |
|
|
53 |
|
|
|
55 |
|
| NIKE |
|
|
|
|
|
|
|
|
| 3.375%, 03/27/2050 |
|
|
30 |
|
|
|
35 |
|
| 2.750%, 03/27/2027 |
|
|
40 |
|
|
|
44 |
|
| 2.400%, 03/27/2025 |
|
|
355 |
|
|
|
381 |
|
| Target |
|
|
|
|
|
|
|
|
| 2.650%, 09/15/2030 |
|
|
100 |
|
|
|
112 |
|
| 2.250%, 04/15/2025 |
|
|
80 |
|
|
|
86 |
|
| TJX |
|
|
|
|
|
|
|
|
| 3.500%, 04/15/2025 |
|
|
50 |
|
|
|
56 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,758 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consumer Staples — 0.7% |
|
|
|
|
|
|
|
|
| Coca-Cola |
|
|
|
|
|
|
|
|
| 3.375%, 03/25/2027 |
|
|
30 |
|
|
|
35 |
|
| 2.950%, 03/25/2025 |
|
|
40 |
|
|
|
44 |
|
| 2.600%, 06/01/2050 |
|
|
20 |
|
|
|
20 |
|
| 2.500%, 03/15/2051 |
|
|
30 |
|
|
|
30 |
|
| 1.450%, 06/01/2027 |
|
|
80 |
|
|
|
82 |
|
| Costco Wholesale |
|
|
|
|
|
|
|
|
| 1.600%, 04/20/2030 |
|
|
90 |
|
|
|
92 |
|
| 1.375%, 06/20/2027 |
|
|
120 |
|
|
|
123 |
|
| Hershey |
|
|
|
|
|
|
|
|
| 0.900%, 06/01/2025 |
|
|
20 |
|
|
|
20 |
|
|
|
|
| |
|
| 22 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| CORPORATE OBLIGATIONS (continued) |
|
| Kimberly-Clark |
|
|
|
|
|
|
|
|
| 3.100%, 03/26/2030 |
|
$ |
20 |
|
|
$ |
23 |
|
| Mars |
|
|
|
|
|
|
|
|
| 3.200%, 04/01/2030 (B) |
|
|
30 |
|
|
|
34 |
|
| 2.700%, 04/01/2025 (B) |
|
|
60 |
|
|
|
65 |
|
| Mondelez International |
|
|
|
|
|
|
|
|
| 2.125%, 04/13/2023 |
|
|
30 |
|
|
|
31 |
|
| 1.500%, 05/04/2025 |
|
|
80 |
|
|
|
82 |
|
| PepsiCo |
|
|
|
|
|
|
|
|
| 3.875%, 03/19/2060 |
|
|
20 |
|
|
|
25 |
|
| 3.625%, 03/19/2050 |
|
|
30 |
|
|
|
36 |
|
| 3.000%, 08/25/2021 |
|
|
290 |
|
|
|
297 |
|
| 2.750%, 03/05/2022 |
|
|
80 |
|
|
|
83 |
|
| 2.625%, 03/19/2027 |
|
|
10 |
|
|
|
11 |
|
| 2.250%, 03/19/2025 |
|
|
331 |
|
|
|
355 |
|
| 1.625%, 05/01/2030 |
|
|
70 |
|
|
|
72 |
|
| 0.750%, 05/01/2023 |
|
|
80 |
|
|
|
81 |
|
| Procter & Gamble |
|
|
|
|
|
|
|
|
| 3.550%, 03/25/2040 |
|
|
50 |
|
|
|
61 |
|
| 3.000%, 03/25/2030 |
|
|
40 |
|
|
|
46 |
|
| 2.800%, 03/25/2027 |
|
|
10 |
|
|
|
11 |
|
| 2.450%, 03/25/2025 |
|
|
339 |
|
|
|
367 |
|
| Walmart |
|
|
|
|
|
|
|
|
| 3.550%, 06/26/2025 |
|
|
20 |
|
|
|
23 |
|
| 3.400%, 06/26/2023 |
|
|
30 |
|
|
|
32 |
|
| 3.050%, 07/08/2026 |
|
|
100 |
|
|
|
112 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,293 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Energy — 3.2% |
|
|
|
|
|
|
|
|
| Apache |
|
|
|
|
|
|
|
|
| 3.250%, 04/15/2022 |
|
|
616 |
|
|
|
607 |
|
| Berkshire Hathaway Energy |
|
|
|
|
|
|
|
|
| 3.700%, 07/15/2030 (B) |
|
|
140 |
|
|
|
165 |
|
| BP Capital Markets America |
|
|
|
|
|
|
|
|
| 3.790%, 02/06/2024 |
|
|
80 |
|
|
|
88 |
|
| 3.633%, 04/06/2030 |
|
|
50 |
|
|
|
57 |
|
| 3.410%, 02/11/2026 |
|
|
40 |
|
|
|
45 |
|
| 3.216%, 11/28/2023 |
|
|
90 |
|
|
|
97 |
|
| 3.119%, 05/04/2026 |
|
|
170 |
|
|
|
188 |
|
| 2.937%, 04/06/2023 |
|
|
281 |
|
|
|
297 |
|
| BP Capital Markets PLC |
|
|
|
|
|
|
|
|
| 3.535%, 11/04/2024 |
|
|
20 |
|
|
|
22 |
|
| Cameron LNG |
|
|
|
|
|
|
|
|
| 2.902%, 07/15/2031 (B) |
|
|
60 |
|
|
|
66 |
|
| Chevron |
|
|
|
|
|
|
|
|
| 2.100%, 05/16/2021 |
|
|
130 |
|
|
|
131 |
|
| 1.995%, 05/11/2027 |
|
|
40 |
|
|
|
42 |
|
| 1.554%, 05/11/2025 |
|
|
70 |
|
|
|
72 |
|
| Cimarex Energy |
|
|
|
|
|
|
|
|
| 4.375%, 06/01/2024 |
|
|
50 |
|
|
|
54 |
|
| 4.375%, 03/15/2029 |
|
|
50 |
|
|
|
52 |
|
| 3.900%, 05/15/2027 |
|
|
160 |
|
|
|
161 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| CORPORATE OBLIGATIONS (continued) |
|
| Concho Resources |
|
|
|
|
|
|
|
|
| 4.300%, 08/15/2028 |
|
$ |
30 |
|
|
$ |
33 |
|
| 3.750%, 10/01/2027 |
|
|
160 |
|
|
|
173 |
|
| Continental Resources |
|
|
|
|
|
|
|
|
| 5.000%, 09/15/2022 |
|
|
90 |
|
|
|
89 |
|
| 3.800%, 06/01/2024 |
|
|
190 |
|
|
|
175 |
|
| Devon Energy |
|
|
|
|
|
|
|
|
| 5.850%, 12/15/2025 |
|
|
210 |
|
|
|
235 |
|
| Diamondback Energy |
|
|
|
|
|
|
|
|
| 5.375%, 05/31/2025 |
|
|
50 |
|
|
|
52 |
|
| 3.250%, 12/01/2026 |
|
|
30 |
|
|
|
30 |
|
| 2.875%, 12/01/2024 |
|
|
290 |
|
|
|
294 |
|
| Energy Transfer Operating |
|
|
|
|
|
|
|
|
| 4.950%, 06/15/2028 |
|
|
10 |
|
|
|
11 |
|
| 3.750%, 05/15/2030 |
|
|
160 |
|
|
|
155 |
|
| 2.900%, 05/15/2025 |
|
|
40 |
|
|
|
40 |
|
| Energy Transfer Partners |
|
|
|
|
|
|
|
|
| 4.500%, 11/01/2023 |
|
|
60 |
|
|
|
64 |
|
| Enterprise Products Operating |
|
|
|
|
|
|
|
|
| 4.150%, 10/16/2028 |
|
|
140 |
|
|
|
164 |
|
| 3.950%, 02/15/2027 |
|
|
100 |
|
|
|
115 |
|
| 3.900%, 02/15/2024 |
|
|
457 |
|
|
|
498 |
|
| 3.125%, 07/31/2029 |
|
|
60 |
|
|
|
65 |
|
| 2.800%, 01/31/2030 |
|
|
170 |
|
|
|
181 |
|
| EOG Resources |
|
|
|
|
|
|
|
|
| 4.375%, 04/15/2030 |
|
|
30 |
|
|
|
35 |
|
| 4.150%, 01/15/2026 |
|
|
160 |
|
|
|
183 |
|
| Exxon Mobil |
|
|
|
|
|
|
|
|
| 4.327%, 03/19/2050 |
|
|
30 |
|
|
|
38 |
|
| 3.043%, 03/01/2026 |
|
|
150 |
|
|
|
166 |
|
| 2.992%, 03/19/2025 |
|
|
758 |
|
|
|
831 |
|
| 1.571%, 04/15/2023 |
|
|
717 |
|
|
|
737 |
|
| Halliburton |
|
|
|
|
|
|
|
|
| 3.250%, 11/15/2021 |
|
|
180 |
|
|
|
184 |
|
| Kinder Morgan |
|
|
|
|
|
|
|
|
| 4.300%, 06/01/2025 |
|
|
60 |
|
|
|
68 |
|
| Kinder Morgan Energy Partners |
|
|
|
|
|
|
|
|
| 3.500%, 03/01/2021 |
|
|
30 |
|
|
|
30 |
|
| MidAmerican Energy |
|
|
|
|
|
|
|
|
| 3.650%, 04/15/2029 |
|
|
140 |
|
|
|
167 |
|
| MPLX |
|
|
|
|
|
|
|
|
| 4.800%, 02/15/2029 |
|
|
50 |
|
|
|
57 |
|
| 4.125%, 03/01/2027 |
|
|
110 |
|
|
|
121 |
|
| 4.000%, 03/15/2028 |
|
|
40 |
|
|
|
43 |
|
| Noble Energy |
|
|
|
|
|
|
|
|
| 3.850%, 01/15/2028 |
|
|
30 |
|
|
|
34 |
|
| 3.250%, 10/15/2029 |
|
|
80 |
|
|
|
88 |
|
| Occidental Petroleum |
|
|
|
|
|
|
|
|
| 5.550%, 03/15/2026 |
|
|
170 |
|
|
|
154 |
|
| 4.525%, 10/10/2036 (C) |
|
|
2,000 |
|
|
|
880 |
|
| 3.400%, 04/15/2026 |
|
|
80 |
|
|
|
64 |
|
| 3.200%, 08/15/2026 |
|
|
130 |
|
|
|
103 |
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
23 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| CORPORATE OBLIGATIONS (continued) |
|
| 3.125%, 02/15/2022 |
|
$ |
100 |
|
|
$ |
94 |
|
| 3.000%, 02/15/2027 |
|
|
130 |
|
|
|
102 |
|
| Phillips 66 |
|
|
|
|
|
|
|
|
| 3.700%, 04/06/2023 |
|
|
582 |
|
|
|
623 |
|
| Phillips 66 Partners |
|
|
|
|
|
|
|
|
| 2.450%, 12/15/2024 |
|
|
413 |
|
|
|
425 |
|
| Schlumberger Holdings |
|
|
|
|
|
|
|
|
| 3.900%, 05/17/2028 (B) |
|
|
456 |
|
|
|
491 |
|
| Sinopec Group Overseas Development |
|
|
|
|
|
|
|
|
| 4.375%, 04/10/2024 (B) |
|
|
290 |
|
|
|
320 |
|
| Tennessee Gas Pipeline |
|
|
|
|
|
|
|
|
| 2.900%, 03/01/2030 (B) |
|
|
160 |
|
|
|
166 |
|
| Western Midstream Operating |
|
|
|
|
|
|
|
|
| 5.050%, 02/01/2030 |
|
|
20 |
|
|
|
19 |
|
| 4.100%, 02/01/2025 |
|
|
30 |
|
|
|
29 |
|
| 2.116%, VAR ICE LIBOR USD 3 Month+1.850%, 01/13/2023 |
|
|
20 |
|
|
|
19 |
|
| Williams |
|
|
|
|
|
|
|
|
| 3.750%, 06/15/2027 |
|
|
390 |
|
|
|
428 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,217 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financials — 13.6% |
|
|
|
|
|
|
|
|
| American Express |
|
|
|
|
|
|
|
|
| 3.400%, 02/27/2023 |
|
|
972 |
|
|
|
1,036 |
|
| 2.650%, 12/02/2022 |
|
|
264 |
|
|
|
277 |
|
| American Honda Finance MTN |
|
|
|
|
|
|
|
|
| 0.875%, 07/07/2023 |
|
|
846 |
|
|
|
853 |
|
| American International Group |
|
|
|
|
|
|
|
|
| 2.500%, 06/30/2025 |
|
|
40 |
|
|
|
43 |
|
| Anglo American Capital |
|
|
|
|
|
|
|
|
| 3.625%, 09/11/2024 (B) |
|
|
200 |
|
|
|
215 |
|
| Banco Santander |
|
|
|
|
|
|
|
|
| 2.746%, 05/28/2025 |
|
|
200 |
|
|
|
210 |
|
| 1.386%, VAR ICE LIBOR USD 3 Month+1.120%, 04/12/2023 |
|
|
200 |
|
|
|
201 |
|
| Bank of America |
|
|
|
|
|
|
|
|
| 3.419%, VAR ICE LIBOR USD 3 Month+1.040%, 12/20/2028 |
|
|
234 |
|
|
|
260 |
|
| 3.004%, VAR ICE LIBOR USD 3 Month+0.790%, 12/20/2023 |
|
|
258 |
|
|
|
271 |
|
| 2.592%, VAR United States Secured Overnight Financing Rate+2.150%, 04/29/2031 |
|
|
80 |
|
|
|
85 |
|
| Bank of America MTN |
|
|
|
|
|
|
|
|
| 4.450%, 03/03/2026 |
|
|
678 |
|
|
|
782 |
|
| 4.250%, 10/22/2026 |
|
|
10 |
|
|
|
12 |
|
| 4.200%, 08/26/2024 |
|
|
210 |
|
|
|
234 |
|
| 4.125%, 01/22/2024 |
|
|
370 |
|
|
|
410 |
|
| 4.100%, 07/24/2023 |
|
|
280 |
|
|
|
307 |
|
| 4.083%, VAR ICE LIBOR USD 3 Month+3.150%, 03/20/2051 |
|
|
40 |
|
|
|
50 |
|
| 4.000%, 04/01/2024 |
|
|
440 |
|
|
|
488 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| CORPORATE OBLIGATIONS (continued) |
|
| 4.000%, 01/22/2025 |
|
$ |
80 |
|
|
$ |
89 |
|
| 3.974%, VAR ICE LIBOR USD 3 Month+1.210%, 02/07/2030 |
|
|
80 |
|
|
|
93 |
|
| 3.593%, VAR ICE LIBOR USD 3 Month+1.370%, 07/21/2028 |
|
|
210 |
|
|
|
236 |
|
| 3.550%, VAR ICE LIBOR USD 3 Month+0.780%, 03/05/2024 |
|
|
80 |
|
|
|
85 |
|
| 3.500%, 04/19/2026 |
|
|
130 |
|
|
|
145 |
|
| 3.300%, 01/11/2023 |
|
|
60 |
|
|
|
64 |
|
| Bank of Montreal MTN |
|
|
|
|
|
|
|
|
| 1.850%, 05/01/2025 |
|
|
130 |
|
|
|
136 |
|
| Bank of New York Mellon MTN |
|
|
|
|
|
|
|
|
| 3.300%, 08/23/2029 |
|
|
790 |
|
|
|
905 |
|
| 1.600%, 04/24/2025 |
|
|
40 |
|
|
|
42 |
|
| Bank of Nova Scotia |
|
|
|
|
|
|
|
|
| 1.625%, 05/01/2023 |
|
|
584 |
|
|
|
599 |
|
| 1.300%, 06/11/2025 |
|
|
70 |
|
|
|
72 |
|
| Barclays Bank |
|
|
|
|
|
|
|
|
| 2.650%, 01/11/2021 |
|
|
1,199 |
|
|
|
1,204 |
|
| 1.700%, 05/12/2022 |
|
|
200 |
|
|
|
203 |
|
| Blackstone Holdings Finance |
|
|
|
|
|
|
|
|
| 1.600%, 03/30/2031 (B) |
|
|
590 |
|
|
|
583 |
|
| BNP Paribas |
|
|
|
|
|
|
|
|
| 5.198%, VAR ICE LIBOR USD 3 Month+2.567%, 01/10/2030 (B) |
|
|
200 |
|
|
|
247 |
|
| 4.705%, VAR ICE LIBOR USD 3 Month+2.235%, 01/10/2025 (B) |
|
|
270 |
|
|
|
299 |
|
| 4.400%, 08/14/2028 (B) |
|
|
200 |
|
|
|
234 |
|
| BPCE MTN |
|
|
|
|
|
|
|
|
| 3.000%, 05/22/2022 (B) |
|
|
640 |
|
|
|
662 |
|
| Capital One Financial |
|
|
|
|
|
|
|
|
| 3.300%, 10/30/2024 |
|
|
480 |
|
|
|
520 |
|
| Charles Schwab |
|
|
|
|
|
|
|
|
| 3.850%, 05/21/2025 |
|
|
110 |
|
|
|
125 |
|
| Citigroup |
|
|
|
|
|
|
|
|
| 8.125%, 07/15/2039 |
|
|
12 |
|
|
|
21 |
|
| 5.500%, 09/13/2025 |
|
|
150 |
|
|
|
178 |
|
| 5.300%, 05/06/2044 |
|
|
31 |
|
|
|
41 |
|
| 4.650%, 07/30/2045 |
|
|
28 |
|
|
|
37 |
|
| 4.450%, 09/29/2027 |
|
|
120 |
|
|
|
139 |
|
| 4.412%, VAR United States Secured Overnight Financing Rate+3.914%, 03/31/2031 |
|
|
100 |
|
|
|
120 |
|
| 4.400%, 06/10/2025 |
|
|
160 |
|
|
|
181 |
|
| 4.300%, 11/20/2026 |
|
|
40 |
|
|
|
46 |
|
| 4.125%, 07/25/2028 |
|
|
40 |
|
|
|
46 |
|
| 4.075%, VAR ICE LIBOR USD 3 Month+1.192%, 04/23/2029 |
|
|
240 |
|
|
|
278 |
|
| 4.050%, 07/30/2022 |
|
|
40 |
|
|
|
42 |
|
| 3.668%, VAR ICE LIBOR USD 3 Month+1.390%, 07/24/2028 |
|
|
340 |
|
|
|
382 |
|
| 3.500%, 05/15/2023 |
|
|
100 |
|
|
|
107 |
|
|
|
|
| |
|
| 24 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| CORPORATE OBLIGATIONS (continued) |
|
| 3.400%, 05/01/2026 |
|
$ |
354 |
|
|
$ |
393 |
|
| 3.200%, 10/21/2026 |
|
|
287 |
|
|
|
317 |
|
| 3.106%, VAR United States Secured Overnight Financing Rate+2.750%, 04/08/2026 |
|
|
50 |
|
|
|
54 |
|
| 2.572%, VAR United States Secured Overnight Financing Rate+2.107%, 06/03/2031 |
|
|
200 |
|
|
|
210 |
|
| 1.678%, VAR United States Secured Overnight Financing Rate+1.667%, 05/15/2024 |
|
|
903 |
|
|
|
925 |
|
| Cooperatieve Rabobank UA |
|
|
|
|
|
|
|
|
| 3.950%, 11/09/2022 |
|
|
670 |
|
|
|
712 |
|
| 3.875%, 09/26/2023 (B) |
|
|
595 |
|
|
|
650 |
|
| Credit Suisse Group |
|
|
|
|
|
|
|
|
| 4.194%, VAR United States Secured Overnight Financing Rate+3.730%, 04/01/2031 (B) |
|
|
250 |
|
|
|
289 |
|
| Credit Suisse NY |
|
|
|
|
|
|
|
|
| 2.950%, 04/09/2025 |
|
|
250 |
|
|
|
273 |
|
| Daiwa Securities Group |
|
|
|
|
|
|
|
|
| 3.129%, 04/19/2022 (B) |
|
|
50 |
|
|
|
52 |
|
| Danske Bank |
|
|
|
|
|
|
|
|
| 5.000%, 01/12/2022 (B) |
|
|
200 |
|
|
|
210 |
|
| 3.001%, VAR ICE LIBOR USD 3 Month+1.249%, 09/20/2022 (B) |
|
|
200 |
|
|
|
204 |
|
| 1.226%, 06/22/2024 (B) |
|
|
200 |
|
|
|
202 |
|
| Equitable Financial Life Global Funding |
|
|
|
|
|
|
|
|
| 1.400%, 07/07/2025 (B) |
|
|
673 |
|
|
|
687 |
|
| Ferguson Finance |
|
|
|
|
|
|
|
|
| 4.500%, 10/24/2028 (B) |
|
|
459 |
|
|
|
532 |
|
| Goldman Sachs Group |
|
|
|
|
|
|
|
|
| 5.750%, 01/24/2022 |
|
|
662 |
|
|
|
707 |
|
| 4.250%, 10/21/2025 |
|
|
90 |
|
|
|
102 |
|
| 4.223%, VAR ICE LIBOR USD 3 Month+1.301%, 05/01/2029 |
|
|
550 |
|
|
|
641 |
|
| 3.800%, 03/15/2030 |
|
|
530 |
|
|
|
614 |
|
| 3.691%, VAR ICE LIBOR USD 3 Month+1.510%, 06/05/2028 |
|
|
300 |
|
|
|
336 |
|
| 3.500%, 04/01/2025 |
|
|
80 |
|
|
|
88 |
|
| 3.500%, 11/16/2026 |
|
|
90 |
|
|
|
100 |
|
| Goldman Sachs Group MTN |
|
|
|
|
|
|
|
|
| 4.000%, 03/03/2024 |
|
|
420 |
|
|
|
462 |
|
| Guardian Life Global Funding |
|
|
|
|
|
|
|
|
| 1.100%, 06/23/2025 (B) |
|
|
30 |
|
|
|
30 |
|
| HSBC Holdings PLC |
|
|
|
|
|
|
|
|
| 4.583%, VAR ICE LIBOR USD 3 Month+1.535%, 06/19/2029 |
|
|
400 |
|
|
|
461 |
|
| Intesa Sanpaolo |
|
|
|
|
|
|
|
|
| 3.375%, 01/12/2023 (B) |
|
|
200 |
|
|
|
208 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| CORPORATE OBLIGATIONS (continued) |
|
| JPMorgan Chase |
|
|
|
|
|
|
|
|
| 4.452%, VAR ICE LIBOR USD 3 Month+1.330%, 12/05/2029 |
|
$ |
200 |
|
|
$ |
240 |
|
| 4.203%, VAR ICE LIBOR USD 3 Month+1.260%, 07/23/2029 |
|
|
773 |
|
|
|
915 |
|
| 4.023%, VAR ICE LIBOR USD 3 Month+1.000%, 12/05/2024 |
|
|
230 |
|
|
|
252 |
|
| 4.005%, VAR ICE LIBOR USD 3 Month+1.120%, 04/23/2029 |
|
|
100 |
|
|
|
116 |
|
| 3.875%, 09/10/2024 |
|
|
290 |
|
|
|
322 |
|
| 2.522%, VAR United States Secured Overnight Financing Rate+2.040%, 04/22/2031 |
|
|
110 |
|
|
|
117 |
|
| 2.083%, VAR United States Secured Overnight Financing Rate+1.850%, 04/22/2026 |
|
|
130 |
|
|
|
136 |
|
| 1.514%, VAR United States Secured Overnight Financing Rate+1.455%, 06/01/2024 |
|
|
210 |
|
|
|
214 |
|
| KKR Group Finance VI |
|
|
|
|
|
|
|
|
| 3.750%, 07/01/2029 (B) |
|
|
1,149 |
|
|
|
1,322 |
|
| Liberty Mutual Group |
|
|
|
|
|
|
|
|
| 4.569%, 02/01/2029 (B) |
|
|
321 |
|
|
|
387 |
|
| 4.250%, 06/15/2023 (B) |
|
|
91 |
|
|
|
100 |
|
| Lincoln National |
|
|
|
|
|
|
|
|
| 3.400%, 01/15/2031 |
|
|
451 |
|
|
|
500 |
|
| Lloyds Banking Group |
|
|
|
|
|
|
|
|
| 2.858%, VAR ICE LIBOR USD 3 Month+1.249%, 03/17/2023 |
|
|
434 |
|
|
|
446 |
|
| 1.326%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+1.100%, 06/15/2023 |
|
|
360 |
|
|
|
362 |
|
| Macquarie Bank |
|
|
|
|
|
|
|
|
| 2.300%, 01/22/2025 (B) |
|
|
1,188 |
|
|
|
1,258 |
|
| MassMutual Global Funding II MTN |
|
|
|
|
|
|
|
|
| 0.850%, 06/09/2023 (B) |
|
|
220 |
|
|
|
222 |
|
| Mitsubishi UFJ Financial Group |
|
|
|
|
|
|
|
|
| 3.407%, 03/07/2024 |
|
|
510 |
|
|
|
553 |
|
| Morgan Stanley MTN |
|
|
|
|
|
|
|
|
| 3.772%, VAR ICE LIBOR USD 3 Month+1.140%, 01/24/2029 |
|
|
150 |
|
|
|
171 |
|
| 3.750%, 02/25/2023 |
|
|
1,110 |
|
|
|
1,191 |
|
| 3.622%, VAR United States Secured Overnight Financing Rate+3.120%, 04/01/2031 |
|
|
475 |
|
|
|
546 |
|
| 2.699%, VAR United States Secured Overnight Financing Rate+1.143%, 01/22/2031 |
|
|
100 |
|
|
|
106 |
|
| 2.188%, VAR United States Secured Overnight Financing Rate+1.990%, 04/28/2026 |
|
|
200 |
|
|
|
209 |
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
25 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
|
| CORPORATE OBLIGATIONS (continued) |
|
|
|
|
|
| National Rural Utilities Cooperative Finance |
|
|
|
|
|
|
|
|
| 2.850%, 01/27/2025 |
|
$ |
1,060 |
|
|
$ |
1,155 |
|
| National Securities Clearing |
|
|
|
|
|
|
|
|
| 1.500%, 04/23/2025 (B) |
|
|
1,046 |
|
|
|
1,078 |
|
| 1.200%, 04/23/2023 (B) |
|
|
250 |
|
|
|
254 |
|
| New York Life Global Funding |
|
|
|
|
|
|
|
|
| 0.950%, 06/24/2025 (B) |
|
|
60 |
|
|
|
61 |
|
| ORIX |
|
|
|
|
|
|
|
|
| 4.050%, 01/16/2024 |
|
|
365 |
|
|
|
399 |
|
| Peachtree Corners Funding Trust |
|
|
|
|
|
|
|
|
| 3.976%, 02/15/2025 (B) |
|
|
944 |
|
|
|
1,039 |
|
| Penske Truck Leasing Lp |
|
|
|
|
|
|
|
|
| 3.900%, 02/01/2024 (B) |
|
|
965 |
|
|
|
1,051 |
|
| Principal Life Global Funding II |
|
|
|
|
|
|
|
|
| 2.625%, 11/19/2020 (B) |
|
|
570 |
|
|
|
572 |
|
| 1.250%, 06/23/2025 (B) |
|
|
20 |
|
|
|
20 |
|
| Royal Bank of Canada MTN |
|
|
|
|
|
|
|
|
| 2.150%, 10/26/2020 |
|
|
70 |
|
|
|
70 |
|
| 1.600%, 04/17/2023 |
|
|
120 |
|
|
|
123 |
|
| 1.150%, 06/10/2025 |
|
|
70 |
|
|
|
71 |
|
| Royal Bank of Scotland Group PLC |
|
|
|
|
|
|
|
|
| 4.519%, VAR ICE LIBOR USD 3 Month+1.550%, 06/25/2024 |
|
|
290 |
|
|
|
313 |
|
| 4.269%, VAR ICE LIBOR USD 3 Month+1.762%, 03/22/2025 |
|
|
200 |
|
|
|
217 |
|
| Santander UK Group Holdings PLC |
|
|
|
|
|
|
|
|
| 3.571%, 01/10/2023 |
|
|
200 |
|
|
|
207 |
|
| SMBC Aviation Capital Finance DAC |
|
|
|
|
|
|
|
|
| 4.125%, 07/15/2023 (B) |
|
|
200 |
|
|
|
211 |
|
| State Street |
|
|
|
|
|
|
|
|
| 3.152%, VAR United States Secured Overnight Financing Rate+2.650%, 03/30/2031 (B) |
|
|
50 |
|
|
|
57 |
|
| Svenska Handelsbanken MTN |
|
|
|
|
|
|
|
|
| 3.350%, 05/24/2021 |
|
|
250 |
|
|
|
255 |
|
| Swedbank |
|
|
|
|
|
|
|
|
| 1.300%, 06/02/2023 (B) |
|
|
200 |
|
|
|
204 |
|
| Toronto-Dominion Bank MTN |
|
|
|
|
|
|
|
|
| 1.150%, 06/12/2025 |
|
|
918 |
|
|
|
933 |
|
| 0.750%, 06/12/2023 |
|
|
130 |
|
|
|
131 |
|
| UBS |
|
|
|
|
|
|
|
|
| 1.750%, 04/21/2022 (B) |
|
|
611 |
|
|
|
622 |
|
| UBS Group Funding Jersey |
|
|
|
|
|
|
|
|
| 4.125%, 04/15/2026 (B) |
|
|
634 |
|
|
|
732 |
|
| UBS Group Funding Switzerland |
|
|
|
|
|
|
|
|
| 4.253%, 03/23/2028 (B) |
|
|
250 |
|
|
|
290 |
|
| 3.491%, 05/23/2023 (B) |
|
|
390 |
|
|
|
407 |
|
| US Bancorp |
|
|
|
|
|
|
|
|
| 3.375%, 02/05/2024 |
|
|
540 |
|
|
|
588 |
|
| 1.450%, 05/12/2025 |
|
|
160 |
|
|
|
166 |
|
| USAA Capital |
|
|
|
|
|
|
|
|
| 2.125%, 05/01/2030 (B) |
|
|
150 |
|
|
|
158 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| CORPORATE OBLIGATIONS (continued) |
|
| USAA Capital MTN |
|
|
|
|
|
|
|
|
| 2.625%, 06/01/2021 (B) |
|
$ |
350 |
|
|
$ |
355 |
|
| Wells Fargo |
|
|
|
|
|
|
|
|
| 3.069%, 01/24/2023 |
|
|
808 |
|
|
|
833 |
|
| 3.000%, 10/23/2026 |
|
|
190 |
|
|
|
208 |
|
| 2.188%, VAR United States Secured Overnight Financing Rate+2.000%, 04/30/2026 |
|
|
130 |
|
|
|
136 |
|
| Wells Fargo MTN |
|
|
|
|
|
|
|
|
| 5.013%, VAR ICE LIBOR USD 3 Month+4.240%, 04/04/2051 |
|
|
380 |
|
|
|
520 |
|
| 4.900%, 11/17/2045 |
|
|
30 |
|
|
|
38 |
|
| 4.600%, 04/01/2021 |
|
|
480 |
|
|
|
490 |
|
| 4.478%, VAR ICE LIBOR USD 3 Month+3.770%, 04/04/2031 |
|
|
50 |
|
|
|
61 |
|
| 4.300%, 07/22/2027 |
|
|
200 |
|
|
|
229 |
|
| 3.750%, 01/24/2024 |
|
|
540 |
|
|
|
587 |
|
| 3.450%, 02/13/2023 |
|
|
120 |
|
|
|
127 |
|
| 2.393%, VAR United States Secured Overnight Financing Rate+2.100%, 06/02/2028 |
|
|
90 |
|
|
|
94 |
|
| 1.654%, VAR United States Secured Overnight Financing Rate+1.600%, 06/02/2024 |
|
|
160 |
|
|
|
163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
48,264 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Health Care — 3.0% |
|
|
|
|
|
|
|
|
| Abbott Laboratories |
|
|
|
|
|
|
|
|
| 3.400%, 11/30/2023 |
|
|
175 |
|
|
|
190 |
|
| AbbVie |
|
|
|
|
|
|
|
|
| 4.250%, 11/21/2049 (B) |
|
|
30 |
|
|
|
36 |
|
| 3.800%, 03/15/2025 (B) |
|
|
40 |
|
|
|
44 |
|
| 3.750%, 11/14/2023 |
|
|
20 |
|
|
|
22 |
|
| 3.600%, 05/14/2025 |
|
|
10 |
|
|
|
11 |
|
| 3.450%, 03/15/2022 (B) |
|
|
120 |
|
|
|
124 |
|
| 3.200%, 11/21/2029 (B) |
|
|
40 |
|
|
|
44 |
|
| 2.950%, 11/21/2026 (B) |
|
|
20 |
|
|
|
22 |
|
| 2.600%, 11/21/2024 (B) |
|
|
140 |
|
|
|
148 |
|
| 2.300%, 11/21/2022 (B) |
|
|
1,046 |
|
|
|
1,082 |
|
| Adventist Health System |
|
|
|
|
|
|
|
|
| 2.433%, 09/01/2024 |
|
|
431 |
|
|
|
446 |
|
| Aetna |
|
|
|
|
|
|
|
|
| 2.800%, 06/15/2023 |
|
|
20 |
|
|
|
21 |
|
| Anthem |
|
|
|
|
|
|
|
|
| 3.125%, 05/15/2022 |
|
|
340 |
|
|
|
355 |
|
| Baylor Scott & White Holdings |
|
|
|
|
|
|
|
|
| 1.947%, 11/15/2021 |
|
|
1,226 |
|
|
|
1,237 |
|
| Becton Dickinson |
|
|
|
|
|
|
|
|
| 4.685%, 12/15/2044 |
|
|
40 |
|
|
|
49 |
|
| 3.734%, 12/15/2024 |
|
|
24 |
|
|
|
27 |
|
| 3.363%, 06/06/2024 |
|
|
210 |
|
|
|
227 |
|
|
|
|
| |
|
| 26 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| CORPORATE OBLIGATIONS (continued) |
|
| Bristol-Myers Squibb |
|
|
|
|
|
|
|
|
| 3.875%, 08/15/2025 |
|
$ |
150 |
|
|
$ |
171 |
|
| 3.550%, 08/15/2022 |
|
|
60 |
|
|
|
64 |
|
| 3.400%, 07/26/2029 |
|
|
50 |
|
|
|
58 |
|
| 3.200%, 06/15/2026 |
|
|
120 |
|
|
|
135 |
|
| 2.900%, 07/26/2024 |
|
|
240 |
|
|
|
260 |
|
| 2.600%, 05/16/2022 |
|
|
80 |
|
|
|
83 |
|
| 2.250%, 08/15/2021 |
|
|
70 |
|
|
|
71 |
|
| Cigna |
|
|
|
|
|
|
|
|
| 4.375%, 10/15/2028 |
|
|
120 |
|
|
|
143 |
|
| 4.125%, 11/15/2025 |
|
|
50 |
|
|
|
57 |
|
| 3.750%, 07/15/2023 |
|
|
30 |
|
|
|
33 |
|
| 3.500%, 06/15/2024 |
|
|
160 |
|
|
|
175 |
|
| 3.400%, 09/17/2021 |
|
|
60 |
|
|
|
62 |
|
| CommonSpirit Health |
|
|
|
|
|
|
|
|
| 4.200%, 08/01/2023 |
|
|
473 |
|
|
|
510 |
|
| CVS Health |
|
|
|
|
|
|
|
|
| 5.050%, 03/25/2048 |
|
|
60 |
|
|
|
77 |
|
| 4.300%, 03/25/2028 |
|
|
80 |
|
|
|
94 |
|
| 3.875%, 07/20/2025 |
|
|
95 |
|
|
|
107 |
|
| 3.625%, 04/01/2027 |
|
|
180 |
|
|
|
202 |
|
| 3.350%, 03/09/2021 |
|
|
32 |
|
|
|
32 |
|
| CVS Pass-Through Trust |
|
|
|
|
|
|
|
|
| 7.507%, 01/10/2032 (B) |
|
|
1,108 |
|
|
|
1,383 |
|
| Eli Lilly |
|
|
|
|
|
|
|
|
| 2.350%, 05/15/2022 |
|
|
170 |
|
|
|
175 |
|
| Gilead Sciences |
|
|
|
|
|
|
|
|
| 2.500%, 09/01/2023 |
|
|
50 |
|
|
|
52 |
|
| Humana |
|
|
|
|
|
|
|
|
| 4.500%, 04/01/2025 |
|
|
10 |
|
|
|
11 |
|
| 3.150%, 12/01/2022 |
|
|
240 |
|
|
|
252 |
|
| 2.900%, 12/15/2022 |
|
|
290 |
|
|
|
303 |
|
| Johnson & Johnson |
|
|
|
|
|
|
|
|
| 0.950%, 09/01/2027 |
|
|
100 |
|
|
|
100 |
|
| 0.550%, 09/01/2025 |
|
|
50 |
|
|
|
50 |
|
| Merck |
|
|
|
|
|
|
|
|
| 1.450%, 06/24/2030 |
|
|
50 |
|
|
|
51 |
|
| 0.750%, 02/24/2026 |
|
|
80 |
|
|
|
80 |
|
| Pfizer |
|
|
|
|
|
|
|
|
| 2.625%, 04/01/2030 |
|
|
100 |
|
|
|
112 |
|
| 1.700%, 05/28/2030 |
|
|
50 |
|
|
|
52 |
|
| 0.800%, 05/28/2025 |
|
|
110 |
|
|
|
111 |
|
| SSM Health Care |
|
|
|
|
|
|
|
|
| 3.688%, 06/01/2023 |
|
|
644 |
|
|
|
697 |
|
| Teva Pharmaceutical Finance BV |
|
|
|
|
|
|
|
|
| 2.950%, 12/18/2022 |
|
|
30 |
|
|
|
29 |
|
| Thermo Fisher Scientific |
|
|
|
|
|
|
|
|
| 4.133%, 03/25/2025 |
|
|
463 |
|
|
|
527 |
|
| UnitedHealth Group |
|
|
|
|
|
|
|
|
| 4.450%, 12/15/2048 |
|
|
10 |
|
|
|
13 |
|
| 4.250%, 06/15/2048 |
|
|
10 |
|
|
|
13 |
|
| 3.875%, 12/15/2028 |
|
|
30 |
|
|
|
36 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| CORPORATE OBLIGATIONS (continued) |
|
| 3.750%, 07/15/2025 |
|
$ |
30 |
|
|
$ |
34 |
|
| 3.500%, 06/15/2023 |
|
|
20 |
|
|
|
22 |
|
| 2.875%, 12/15/2021 |
|
|
50 |
|
|
|
52 |
|
| 2.375%, 10/15/2022 |
|
|
10 |
|
|
|
10 |
|
| 2.000%, 05/15/2030 |
|
|
30 |
|
|
|
31 |
|
| 1.250%, 01/15/2026 |
|
|
20 |
|
|
|
21 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,636 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Industrials — 2.4% |
|
|
|
|
|
|
|
|
| 3M |
|
|
|
|
|
|
|
|
| 3.700%, 04/15/2050 |
|
|
150 |
|
|
|
182 |
|
| 2.375%, 08/26/2029 |
|
|
30 |
|
|
|
32 |
|
| AerCap Ireland Capital DAC |
|
|
|
|
|
|
|
|
| 4.500%, 05/15/2021 |
|
|
310 |
|
|
|
316 |
|
| American Airlines, Ser 2016-3, Cl A |
|
|
|
|
|
|
|
|
| 3.250%, 10/15/2028 |
|
|
1,056 |
|
|
|
824 |
|
| American Airlines Pass-Through Trust, Ser 2013-2, Cl A |
|
|
|
|
|
|
|
|
| 4.950%, 01/15/2023 |
|
|
257 |
|
|
|
220 |
|
| Aviation Capital Group |
|
|
|
|
|
|
|
|
| 4.125%, 08/01/2025 (B) |
|
|
160 |
|
|
|
153 |
|
| Burlington Northern and Santa Fe Railway Pass-Through Trust, Ser 2002-2 |
|
|
|
|
|
|
|
|
| 5.140%, 01/15/2021 |
|
|
– |
|
|
|
– |
|
| Burlington Northern Santa Fe |
|
|
|
|
|
|
|
|
| 4.550%, 09/01/2044 |
|
|
10 |
|
|
|
13 |
|
| Carrier Global |
|
|
|
|
|
|
|
|
| 2.700%, 02/15/2031 (B) |
|
|
20 |
|
|
|
21 |
|
| Continental Airlines Pass-Through Trust, Ser 2012-2, Cl A |
|
|
|
|
|
|
|
|
| 4.000%, 10/29/2024 |
|
|
612 |
|
|
|
588 |
|
| Deere |
|
|
|
|
|
|
|
|
| 3.750%, 04/15/2050 |
|
|
30 |
|
|
|
38 |
|
| 3.100%, 04/15/2030 |
|
|
10 |
|
|
|
11 |
|
| Delta Air Lines Pass-Through Trust, Ser 2015- 1, Cl AA |
|
|
|
|
|
|
|
|
| 3.625%, 07/30/2027 |
|
|
515 |
|
|
|
516 |
|
| Delta Air Lines Pass-Through Trust, Ser 2019- 1, Cl AA |
|
|
|
|
|
|
|
|
| 3.204%, 04/25/2024 |
|
|
621 |
|
|
|
619 |
|
| Eaton |
|
|
|
|
|
|
|
|
| 2.750%, 11/02/2022 |
|
|
450 |
|
|
|
472 |
|
| FedEx |
|
|
|
|
|
|
|
|
| 3.800%, 05/15/2025 |
|
|
722 |
|
|
|
817 |
|
| General Electric |
|
|
|
|
|
|
|
|
| 4.350%, 05/01/2050 |
|
|
40 |
|
|
|
41 |
|
| 4.250%, 05/01/2040 |
|
|
30 |
|
|
|
30 |
|
| 3.625%, 05/01/2030 |
|
|
30 |
|
|
|
31 |
|
| 3.450%, 05/01/2027 |
|
|
20 |
|
|
|
21 |
|
| General Electric MTN |
|
|
|
|
|
|
|
|
| 6.875%, 01/10/2039 |
|
|
30 |
|
|
|
39 |
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
27 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| CORPORATE OBLIGATIONS (continued) |
|
| Honeywell International |
|
|
|
|
|
|
|
|
| 1.350%, 06/01/2025 |
|
$ |
50 |
|
|
$ |
52 |
|
| International Lease Finance |
|
|
|
|
|
|
|
|
| 5.875%, 08/15/2022 |
|
|
400 |
|
|
|
428 |
|
| Nutrien |
|
|
|
|
|
|
|
|
| 1.900%, 05/13/2023 |
|
|
501 |
|
|
|
517 |
|
| Republic Services |
|
|
|
|
|
|
|
|
| 3.200%, 03/15/2025 |
|
|
180 |
|
|
|
198 |
|
| Ryder System MTN |
|
|
|
|
|
|
|
|
| 3.350%, 09/01/2025 |
|
|
836 |
|
|
|
917 |
|
| Union Pacific |
|
|
|
|
|
|
|
|
| 3.950%, 09/10/2028 |
|
|
20 |
|
|
|
24 |
|
| 3.750%, 07/15/2025 |
|
|
20 |
|
|
|
23 |
|
| United Airlines Pass-Through Trust, Ser 2014- 1, Cl A |
|
|
|
|
|
|
|
|
| 4.000%, 04/11/2026 |
|
|
682 |
|
|
|
669 |
|
| United Parcel Service |
|
|
|
|
|
|
|
|
| 3.900%, 04/01/2025 |
|
|
398 |
|
|
|
453 |
|
| Waste Management |
|
|
|
|
|
|
|
|
| 3.500%, 05/15/2024 |
|
|
120 |
|
|
|
131 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,396 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Information Technology — 2.2% |
|
|
|
|
|
|
|
|
| Adobe |
|
|
|
|
|
|
|
|
| 2.300%, 02/01/2030 |
|
|
210 |
|
|
|
226 |
|
| Apple |
|
|
|
|
|
|
|
|
| 3.350%, 02/09/2027 |
|
|
210 |
|
|
|
240 |
|
| 2.900%, 09/12/2027 |
|
|
110 |
|
|
|
123 |
|
| 2.450%, 08/04/2026 |
|
|
70 |
|
|
|
76 |
|
| 2.000%, 11/13/2020 |
|
|
80 |
|
|
|
80 |
|
| 1.125%, 05/11/2025 |
|
|
130 |
|
|
|
133 |
|
| Broadcom |
|
|
|
|
|
|
|
|
| 4.700%, 04/15/2025 |
|
|
180 |
|
|
|
205 |
|
| 4.110%, 09/15/2028 |
|
|
515 |
|
|
|
581 |
|
| 3.150%, 11/15/2025 |
|
|
140 |
|
|
|
152 |
|
| 2.250%, 11/15/2023 |
|
|
100 |
|
|
|
104 |
|
| Diamond 1 Finance |
|
|
|
|
|
|
|
|
| 4.420%, 06/15/2021 (B) |
|
|
106 |
|
|
|
109 |
|
| Intel |
|
|
|
|
|
|
|
|
| 4.950%, 03/25/2060 |
|
|
30 |
|
|
|
44 |
|
| 4.750%, 03/25/2050 |
|
|
160 |
|
|
|
220 |
|
| 4.600%, 03/25/2040 |
|
|
10 |
|
|
|
13 |
|
| 3.700%, 07/29/2025 |
|
|
30 |
|
|
|
34 |
|
| Mastercard |
|
|
|
|
|
|
|
|
| 3.850%, 03/26/2050 |
|
|
10 |
|
|
|
13 |
|
| 3.375%, 04/01/2024 |
|
|
190 |
|
|
|
209 |
|
| Micron Technology |
|
|
|
|
|
|
|
|
| 2.497%, 04/24/2023 |
|
|
70 |
|
|
|
73 |
|
| Microsoft |
|
|
|
|
|
|
|
|
| 3.300%, 02/06/2027 |
|
|
90 |
|
|
|
103 |
|
| 2.400%, 02/06/2022 |
|
|
150 |
|
|
|
154 |
|
| 1.550%, 08/08/2021 |
|
|
110 |
|
|
|
111 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| CORPORATE OBLIGATIONS (continued) |
|
| NVIDIA |
|
|
|
|
|
|
|
|
| 3.700%, 04/01/2060 |
|
$ |
90 |
|
|
$ |
107 |
|
| 3.500%, 04/01/2040 |
|
|
130 |
|
|
|
152 |
|
| 3.500%, 04/01/2050 |
|
|
330 |
|
|
|
386 |
|
| 2.850%, 04/01/2030 |
|
|
40 |
|
|
|
45 |
|
| NXP BV |
|
|
|
|
|
|
|
|
| 4.625%, 06/01/2023 (B) |
|
|
479 |
|
|
|
524 |
|
| 2.700%, 05/01/2025 (B) |
|
|
40 |
|
|
|
42 |
|
| Oracle |
|
|
|
|
|
|
|
|
| 2.500%, 10/15/2022 |
|
|
130 |
|
|
|
136 |
|
| 2.500%, 04/01/2025 |
|
|
738 |
|
|
|
791 |
|
| PayPal Holdings |
|
|
|
|
|
|
|
|
| 1.650%, 06/01/2025 |
|
|
60 |
|
|
|
62 |
|
| 1.350%, 06/01/2023 |
|
|
571 |
|
|
|
583 |
|
| salesforce.com |
|
|
|
|
|
|
|
|
| 3.700%, 04/11/2028 |
|
|
150 |
|
|
|
177 |
|
| 3.250%, 04/11/2023 |
|
|
70 |
|
|
|
75 |
|
| Texas Instruments |
|
|
|
|
|
|
|
|
| 1.750%, 05/04/2030 |
|
|
40 |
|
|
|
41 |
|
| TSMC Global |
|
|
|
|
|
|
|
|
| 0.750%, 09/28/2025 (B) |
|
|
200 |
|
|
|
198 |
|
| Visa |
|
|
|
|
|
|
|
|
| 4.300%, 12/14/2045 |
|
|
10 |
|
|
|
13 |
|
| 3.150%, 12/14/2025 |
|
|
110 |
|
|
|
123 |
|
| 2.200%, 12/14/2020 |
|
|
300 |
|
|
|
301 |
|
| 1.900%, 04/15/2027 |
|
|
879 |
|
|
|
934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,693 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Materials — 0.6% |
|
|
|
|
|
|
|
|
| ArcelorMittal |
|
|
|
|
|
|
|
|
| 4.550%, 03/11/2026 |
|
|
100 |
|
|
|
108 |
|
| 3.600%, 07/16/2024 |
|
|
180 |
|
|
|
189 |
|
| Equate Petrochemical BV MTN |
|
|
|
|
|
|
|
|
| 4.250%, 11/03/2026 (B) |
|
|
200 |
|
|
|
210 |
|
| Glencore Funding |
|
|
|
|
|
|
|
|
| 4.125%, 05/30/2023 (B) |
|
|
890 |
|
|
|
954 |
|
| 4.125%, 03/12/2024 (B) |
|
|
110 |
|
|
|
119 |
|
| 4.000%, 03/27/2027 (B) |
|
|
110 |
|
|
|
120 |
|
| Southern Copper |
|
|
|
|
|
|
|
|
| 3.500%, 11/08/2022 |
|
|
130 |
|
|
|
136 |
|
| Vale Overseas |
|
|
|
|
|
|
|
|
| 6.250%, 08/10/2026 |
|
|
140 |
|
|
|
166 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,002 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real Estate — 0.4% |
|
|
|
|
|
|
|
|
| American Tower Trust, Ser 2013-13, Cl 2A |
|
|
|
|
|
|
|
|
| 3.070%, 03/15/2048 (B) |
|
|
620 |
|
|
|
633 |
|
| Digital Realty Trust |
|
|
|
|
|
|
|
|
| 3.600%, 07/01/2029 |
|
|
815 |
|
|
|
935 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,568 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| 28 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| CORPORATE OBLIGATIONS (continued) |
|
|
|
|
| Utilities — 1.6% |
|
|
|
|
|
|
|
|
| Aquarion |
|
|
|
|
|
|
|
|
| 4.000%, 08/15/2024 (B) |
|
$ |
227 |
|
|
$ |
248 |
|
| Commonwealth Edison |
|
|
|
|
|
|
|
|
| 3.700%, 08/15/2028 |
|
|
468 |
|
|
|
544 |
|
| Duke Energy |
|
|
|
|
|
|
|
|
| 3.550%, 09/15/2021 |
|
|
170 |
|
|
|
174 |
|
| 2.400%, 08/15/2022 |
|
|
150 |
|
|
|
155 |
|
| Duke Energy Florida |
|
|
|
|
|
|
|
|
| 3.200%, 01/15/2027 |
|
|
440 |
|
|
|
496 |
|
| FirstEnergy |
|
|
|
|
|
|
|
|
| 4.250%, 03/15/2023 |
|
|
380 |
|
|
|
403 |
|
| 2.850%, 07/15/2022 |
|
|
330 |
|
|
|
338 |
|
| 1.600%, 01/15/2026 |
|
|
30 |
|
|
|
30 |
|
| NextEra Energy Capital Holdings |
|
|
|
|
|
|
|
|
| 2.403%, 09/01/2021 |
|
|
513 |
|
|
|
523 |
|
| Northern States Power |
|
|
|
|
|
|
|
|
| 7.125%, 07/01/2025 |
|
|
1,190 |
|
|
|
1,507 |
|
| Pacific Gas and Electric |
|
|
|
|
|
|
|
|
| 2.100%, 08/01/2027 |
|
|
130 |
|
|
|
126 |
|
| 1.750%, 06/16/2022 |
|
|
100 |
|
|
|
100 |
|
| Perusahaan Listrik Negara MTN |
|
|
|
|
|
|
|
|
| 5.450%, 05/21/2028 (B) |
|
|
370 |
|
|
|
433 |
|
| Public Service Enterprise Group |
|
|
|
|
|
|
|
|
| 2.875%, 06/15/2024 |
|
|
713 |
|
|
|
763 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,840 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Corporate Obligations (Cost $106,043) ($ Thousands) |
|
|
|
|
|
|
112,966 |
|
|
|
|
|
|
|
|
|
|
|
| U.S. TREASURY OBLIGATIONS — 14.5% |
|
| U.S. Treasury Bills (C) |
|
|
|
|
|
|
|
|
| 0.180%, 10/15/2020 |
|
|
1,510 |
|
|
|
1,510 |
|
| 0.167%, 10/08/2020 |
|
|
310 |
|
|
|
310 |
|
| 0.155%, 10/22/2020 |
|
|
2,450 |
|
|
|
2,450 |
|
| 0.140%, 10/20/2020 |
|
|
1,680 |
|
|
|
1,680 |
|
| 0.122%, 02/25/2021 |
|
|
2,366 |
|
|
|
2,365 |
|
| 0.100%, 11/03/2020 |
|
|
820 |
|
|
|
820 |
|
| 0.100%, 12/03/2020 |
|
|
280 |
|
|
|
280 |
|
| 0.100%, 01/05/2021 |
|
|
370 |
|
|
|
370 |
|
| 0.097%, 10/27/2020 |
|
|
810 |
|
|
|
810 |
|
| 0.097%, 12/08/2020 |
|
|
350 |
|
|
|
350 |
|
| U.S. Treasury Bonds |
|
|
|
|
|
|
|
|
| 2.000%, 02/15/2050 |
|
|
850 |
|
|
|
964 |
|
| 1.375%, 08/15/2050 |
|
|
1,660 |
|
|
|
1,629 |
|
| 1.250%, 05/15/2050 |
|
|
2,570 |
|
|
|
2,443 |
|
| U.S. Treasury Inflation-Protected Securities |
|
|
|
|
|
|
|
|
| 2.375%, 01/15/2025 |
|
|
179 |
|
|
|
208 |
|
| 2.125%, 02/15/2040 |
|
|
300 |
|
|
|
460 |
|
| 2.125%, 02/15/2041 |
|
|
142 |
|
|
|
221 |
|
| 1.750%, 01/15/2028 |
|
|
87 |
|
|
|
105 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| U.S. TREASURY OBLIGATIONS (continued) |
|
| 1.375%, 02/15/2044 |
|
$ |
545 |
|
|
$ |
776 |
|
| 1.000%, 02/15/2046 |
|
|
394 |
|
|
|
532 |
|
| 1.000%, 02/15/2048 |
|
|
462 |
|
|
|
639 |
|
| 1.000%, 02/15/2049 |
|
|
2,039 |
|
|
|
2,849 |
|
| 0.750%, 02/15/2042 |
|
|
470 |
|
|
|
592 |
|
| 0.750%, 02/15/2045 |
|
|
187 |
|
|
|
238 |
|
| 0.125%, 10/15/2024 |
|
|
3,341 |
|
|
|
3,546 |
|
| 0.125%, 01/15/2030 |
|
|
772 |
|
|
|
854 |
|
| U.S. Treasury Notes |
|
|
|
|
|
|
|
|
| 0.625%, 05/15/2030 |
|
|
422 |
|
|
|
421 |
|
| 0.625%, 08/15/2030 |
|
|
3,168 |
|
|
|
3,152 |
|
| 0.500%, 08/31/2027 |
|
|
1,290 |
|
|
|
1,294 |
|
| 0.375%, 03/31/2022 |
|
|
730 |
|
|
|
733 |
|
| 0.375%, 04/30/2025 |
|
|
20 |
|
|
|
20 |
|
| 0.250%, 05/31/2025 |
|
|
8,807 |
|
|
|
8,808 |
|
| 0.250%, 06/30/2025 |
|
|
2,429 |
|
|
|
2,428 |
|
| 0.250%, 07/31/2025 |
|
|
2,729 |
|
|
|
2,727 |
|
| 0.250%, 08/31/2025 |
|
|
730 |
|
|
|
729 |
|
| 0.125%, 06/30/2022 |
|
|
1,727 |
|
|
|
1,727 |
|
| 0.125%, 07/31/2022 |
|
|
735 |
|
|
|
735 |
|
| 0.125%, 08/31/2022 |
|
|
1,810 |
|
|
|
1,810 |
|
|
|
|
|
|
|
|
|
|
| Total U.S. Treasury Obligations (Cost $50,085) ($ Thousands) |
|
|
|
|
|
|
51,585 |
|
|
|
|
|
|
|
|
|
|
|
| ASSET-BACKED SECURITIES — 8.4% |
|
|
|
|
| Automotive — 1.8% |
|
|
|
|
|
|
|
|
| Avis Budget Rental Car Funding AESOP, Ser 2017-2A, Cl A |
|
|
|
|
|
|
|
|
| 2.970%, 03/20/2024 (B) |
|
|
310 |
|
|
|
320 |
|
| Avis Budget Rental Car Funding AESOP, Ser 2019-2A, Cl A |
|
|
|
|
|
|
|
|
| 3.350%, 09/22/2025 (B) |
|
|
320 |
|
|
|
338 |
|
| Avis Budget Rental Car Funding AESOP, Ser 2020-2A, Cl A |
|
|
|
|
|
|
|
|
| 2.020%, 02/20/2027 (B) |
|
|
440 |
|
|
|
444 |
|
| Capital One Prime Auto Receivables Trust, Ser 2019-2, Cl A4 |
|
|
|
|
|
|
|
|
| 1.960%, 02/18/2025 |
|
|
1,662 |
|
|
|
1,719 |
|
| Honda Auto Receivables Owner Trust, Ser 2019-2, Cl A3 |
|
|
|
|
|
|
|
|
| 2.520%, 06/21/2023 |
|
|
572 |
|
|
|
586 |
|
| NextGear Floorplan Master Owner Trust, Ser 2019-1A, Cl A2 |
|
|
|
|
|
|
|
|
| 3.210%, 02/15/2024 (B) |
|
|
1,182 |
|
|
|
1,225 |
|
| NextGear Floorplan Master Owner Trust, Ser 2019-2A, Cl A2 |
|
|
|
|
|
|
|
|
| 2.070%, 10/15/2024 (B) |
|
|
556 |
|
|
|
557 |
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
29 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| ASSET-BACKED SECURITIES (continued) |
|
| World Omni Auto Receivables Trust, Ser 2019-B, Cl A3 |
|
|
|
|
|
|
|
|
| 2.590%, 07/15/2024 |
|
$ |
1,299 |
|
|
$ |
1,330 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,519 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Home — 0.2% |
|
|
|
|
|
|
|
|
| Citifinancial Mortgage Securities, Ser 2004- 1, Cl AF4 |
|
|
|
|
|
|
|
|
| 5.070%, 04/25/2034 |
|
|
187 |
|
|
|
195 |
|
| Lake Country Mortgage Loan Trust, Ser 2006-HE1, Cl M5 |
|
|
|
|
|
|
|
|
| 3.148%, VAR ICE LIBOR USD 1 Month+3.000%, 07/25/2034 (B) |
|
|
390 |
|
|
|
400 |
|
| Master Asset-Backed Securities Trust, Ser 2007-NCW, Cl A1 |
|
|
|
|
|
|
|
|
| 0.448%, VAR ICE LIBOR USD 1 Month+0.300%, 05/25/2037 (B) |
|
|
199 |
|
|
|
181 |
|
| New Century Home Equity Loan Trust, Ser 2003-A, Cl A |
|
|
|
|
|
|
|
|
| 0.868%, VAR ICE LIBOR USD 1 Month+0.720%, 10/25/2033 (B) |
|
|
80 |
|
|
|
77 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
853 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other Asset-Backed Securities — 6.4% |
|
|
|
|
|
|
|
|
| AEP Texas Restoration Funding, Ser 2019-1, Cl A2 |
|
|
|
|
|
|
|
|
| 2.294%, 08/01/2031 |
|
|
1,646 |
|
|
|
1,723 |
|
| Ameriquest Mortgage Securities Asset- Backed Pass-Through Certificates, Ser 2005-R7, Cl M2 |
|
|
|
|
|
|
|
|
| 0.648%, VAR ICE LIBOR USD 1 Month+0.500%, 09/25/2035 |
|
|
242 |
|
|
|
242 |
|
| AMSR Trust, Ser 2020-SFR4, Cl A |
|
|
|
|
|
|
|
|
| 1.355%, 11/17/2037 (B) |
|
|
463 |
|
|
|
463 |
|
| Applebee’s Funding, Ser 2019-1A, Cl A2I |
|
|
|
|
|
|
|
|
| 4.194%, 06/07/2049 (B) |
|
|
300 |
|
|
|
278 |
|
| CF Hippolyta, Ser 2020-1, Cl A1 |
|
|
|
|
|
|
|
|
| 1.690%, 07/15/2060 (B) |
|
|
548 |
|
|
|
554 |
|
| Citigroup Mortgage Loan Trust, Ser 2007- WFH3, Cl A3 |
|
|
|
|
|
|
|
|
| 0.398%, VAR ICE LIBOR USD 1 Month+0.250%, 06/25/2037 |
|
|
184 |
|
|
|
182 |
|
| Countrywide Asset-Backed Certificates, Ser 2007-13, Cl 2A2M |
|
|
|
|
|
|
|
|
| 1.398%, VAR ICE LIBOR USD 1 Month+1.250%, 10/25/2047 |
|
|
142 |
|
|
|
142 |
|
| Countrywide Home Equity Loan Trust, Ser 2006-F, Cl 2A1A |
|
|
|
|
|
|
|
|
| 0.292%, VAR ICE LIBOR USD 1 Month+0.140%, 07/15/2036 |
|
|
284 |
|
|
|
260 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| ASSET-BACKED SECURITIES (continued) |
|
| DB Master Finance, Ser 2017-1A, Cl A2I |
|
|
|
|
|
|
|
|
| 3.629%, 11/20/2047 (B) |
|
$ |
428 |
|
|
$ |
441 |
|
| Domino’s Pizza Master Issuer, Ser 2017-1A, Cl A2I |
|
|
|
|
|
|
|
|
| 1.495%, VAR ICE LIBOR USD 3 Month+1.250%, 07/25/2047 (B) |
|
|
691 |
|
|
|
692 |
|
| DRB Prime Student Loan Trust, Ser 2015-B, Cl A1 |
|
|
|
|
|
|
|
|
| 2.048%, VAR ICE LIBOR USD 1 Month+1.900%, 10/27/2031 (B) |
|
|
72 |
|
|
|
73 |
|
| Education Loan Asset-Backed Trust, Ser 2013-1, Cl A2 |
|
|
|
|
|
|
|
|
| 0.948%, VAR ICE LIBOR USD 1 Month+0.800%, 04/26/2032 (B) |
|
|
500 |
|
|
|
497 |
|
| Invitation Homes Trust, Ser 2018-SFR1, Cl A |
|
|
|
|
|
|
|
|
| 0.851%, VAR ICE LIBOR USD 1 Month+0.700%, 03/17/2037 (B) |
|
|
1,328 |
|
|
|
1,314 |
|
| MMAF Equipment Finance, Ser 2018-A, Cl A3 |
|
|
|
|
|
|
|
|
| 3.200%, 09/12/2022 (B) |
|
|
1,079 |
|
|
|
1,091 |
|
| Morgan Stanley ABS Capital I Trust, Ser 2004-NC7, Cl M1 |
|
|
|
|
|
|
|
|
| 1.003%, VAR ICE LIBOR USD 1 Month+0.855%, 07/25/2034 |
|
|
453 |
|
|
|
437 |
|
| Navient Student Loan Trust, Ser 2016-6A, Cl A3 |
|
|
|
|
|
|
|
|
| 1.448%, VAR ICE LIBOR USD 1 Month+1.300%, 03/25/2066 (B) |
|
|
900 |
|
|
|
907 |
|
| Progress Residential Trust, Ser 2018-SFR3, Cl A |
|
|
|
|
|
|
|
|
| 3.880%, 10/17/2035 (B) |
|
|
639 |
|
|
|
658 |
|
| Progress Residential Trust, Ser 2019-SFR2, Cl A |
|
|
|
|
|
|
|
|
| 3.147%, 05/17/2036 (B) |
|
|
300 |
|
|
|
310 |
|
| RAAC Series Trust, Ser 2005-SP3, Cl M2 |
|
|
|
|
|
|
|
|
| 0.948%, VAR ICE LIBOR USD 1 Month+0.800%, 12/25/2035 |
|
|
379 |
|
|
|
377 |
|
| Sabey Data Center Issuer, Ser 2020-1, Cl A2 |
|
|
|
|
|
|
|
|
| 3.812%, 04/20/2045 (B) |
|
|
339 |
|
|
|
351 |
|
| SBA Small Business Investment, Ser 2019- 10A, Cl 1 |
|
|
|
|
|
|
|
|
| 3.113%, 03/10/2029 |
|
|
176 |
|
|
|
188 |
|
| SLC Student Loan Trust, Ser 2010-1, Cl A |
|
|
|
|
|
|
|
|
| 1.125%, VAR ICE LIBOR USD 3 Month+0.875%, 11/25/2042 |
|
|
237 |
|
|
|
236 |
|
| SLM Private Credit Student Loan Trust, Ser 2006-A, Cl A5 |
|
|
|
|
|
|
|
|
| 0.540%, VAR ICE LIBOR USD 3 Month+0.290%, 06/15/2039 |
|
|
250 |
|
|
|
238 |
|
| SLM Student Loan Trust, Ser 2003-7A, Cl A5A |
|
|
|
|
|
|
|
|
| 1.450%, VAR ICE LIBOR USD 3 Month+1.200%, 12/15/2033 (B) |
|
|
129 |
|
|
|
126 |
|
|
|
|
| |
|
| 30 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| ASSET-BACKED SECURITIES (continued) |
|
| Stack Infrastructure Issuer, Ser 2019-1A, Cl A2 |
|
|
|
|
|
|
|
|
| 4.540%, 02/25/2044 (B) |
|
$ |
466 |
|
|
$ |
502 |
|
| Store Master Funding I-VII, Ser 2018-1A, Cl A1 |
|
|
|
|
|
|
|
|
| 3.960%, 10/20/2048 (B) |
|
|
376 |
|
|
|
392 |
|
| Store Master Funding I-VII, Ser 2019-1, Cl A1 |
|
|
|
|
|
|
|
|
| 2.820%, 11/20/2049 (B) |
|
|
325 |
|
|
|
328 |
|
| Tricon American Homes Trust, Ser 2019- SFR1, Cl A |
|
|
|
|
|
|
|
|
| 2.750%, 03/17/2038 (B) |
|
|
272 |
|
|
|
286 |
|
| Tricon American Homes, Ser 2020-SFR1, Cl A |
|
|
|
|
|
|
|
|
| 1.499%, 07/17/2038 (B) |
|
|
531 |
|
|
|
532 |
|
| United States Small Business Administration, Ser 2010-20H, Cl 1 |
|
|
|
|
|
|
|
|
| 3.520%, 08/01/2030 |
|
|
232 |
|
|
|
247 |
|
| United States Small Business Administration, Ser 2011-20B, Cl 1 |
|
|
|
|
|
|
|
|
| 4.220%, 02/01/2031 |
|
|
234 |
|
|
|
258 |
|
| United States Small Business Administration, Ser 2011-20J, Cl 1 |
|
|
|
|
|
|
|
|
| 2.760%, 10/01/2031 |
|
|
155 |
|
|
|
165 |
|
| United States Small Business Administration, Ser 2013-20K, Cl 1 |
|
|
|
|
|
|
|
|
| 3.380%, 11/01/2033 |
|
|
706 |
|
|
|
768 |
|
| United States Small Business Administration, Ser 2014-20F, Cl 1 |
|
|
|
|
|
|
|
|
| 2.990%, 06/01/2034 |
|
|
800 |
|
|
|
853 |
|
| United States Small Business Administration, Ser 2015-20C, Cl 1 |
|
|
|
|
|
|
|
|
| 2.720%, 03/01/2035 |
|
|
751 |
|
|
|
811 |
|
| United States Small Business Administration, Ser 2015-20E, Cl 1 |
|
|
|
|
|
|
|
|
| 2.770%, 05/01/2035 |
|
|
451 |
|
|
|
487 |
|
| United States Small Business Administration, Ser 2015-20K, Cl 1 |
|
|
|
|
|
|
|
|
| 2.700%, 11/01/2035 |
|
|
468 |
|
|
|
505 |
|
| United States Small Business Administration, Ser 2017-20J, Cl 1 |
|
|
|
|
|
|
|
|
| 2.850%, 10/01/2037 |
|
|
623 |
|
|
|
665 |
|
| United States Small Business Administration, Ser 2018-20E, Cl 1 |
|
|
|
|
|
|
|
|
| 3.500%, 05/01/2038 |
|
|
1,211 |
|
|
|
1,340 |
|
| United States Small Business Administration, Ser 2018-20J, Cl 1 |
|
|
|
|
|
|
|
|
| 3.770%, 10/01/2038 |
|
|
616 |
|
|
|
693 |
|
| United States Small Business Administration, Ser 2019-25G, Cl 1 |
|
|
|
|
|
|
|
|
| 2.690%, 07/01/2044 |
|
|
58 |
|
|
|
63 |
|
| Vantage Data Centers, Ser 2020-2A, Cl A2 |
|
|
|
|
|
|
|
|
| 1.992%, 09/15/2045 (B) |
|
|
912 |
|
|
|
912 |
|
| Verizon Owner Trust, Ser 2019-B, Cl A1A |
|
|
|
|
|
|
|
|
| 2.330%, 12/20/2023 |
|
|
624 |
|
|
|
639 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| ASSET-BACKED SECURITIES (continued) |
|
| Wendy’s Funding, Ser 2019-1A, Cl A2I |
|
|
|
|
|
|
|
|
| 3.783%, 06/15/2049 (B) |
|
$ |
332 |
|
|
$ |
352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,578 |
|
|
|
|
|
|
|
|
|
|
| Total Asset-Backed Securities
(Cost $29,128) ($ Thousands) |
|
|
|
|
|
|
29,950 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| SOVEREIGN DEBT — 2.8% |
|
|
|
|
|
|
|
|
| Abu Dhabi Government International Bond |
|
|
|
|
|
|
|
|
| 2.500%, 10/11/2022 (B) |
|
|
490 |
|
|
|
507 |
|
| Colombia Government International Bond |
|
|
|
|
|
|
|
|
| 5.625%, 02/26/2044 |
|
|
280 |
|
|
|
348 |
|
| 5.200%, 05/15/2049 |
|
|
310 |
|
|
|
373 |
|
| 3.125%, 04/15/2031 |
|
|
220 |
|
|
|
226 |
|
| Indonesia Government International Bond MTN |
|
|
|
|
|
|
|
|
| 5.125%, 01/15/2045 (B) |
|
|
200 |
|
|
|
251 |
|
| 3.850%, 07/18/2027 (B) |
|
|
200 |
|
|
|
225 |
|
| 3.750%, 04/25/2022 |
|
|
370 |
|
|
|
385 |
|
| Kuwait International Government Bond |
|
|
|
|
|
|
|
|
| 3.500%, 03/20/2027 (B) |
|
|
210 |
|
|
|
236 |
|
| Mexico Government International Bond |
|
|
|
|
|
|
|
|
| 4.000%, 10/02/2023 |
|
|
610 |
|
|
|
663 |
|
| 3.600%, 01/30/2025 |
|
|
380 |
|
|
|
409 |
|
| Panama Government International Bond |
|
|
|
|
|
|
|
|
| 6.700%, 01/26/2036 |
|
|
190 |
|
|
|
276 |
|
| 4.300%, 04/29/2053 |
|
|
300 |
|
|
|
368 |
|
| Peruvian Government International Bond |
|
|
|
|
|
|
|
|
| 6.550%, 03/14/2037 |
|
|
250 |
|
|
|
378 |
|
| 5.625%, 11/18/2050 |
|
|
310 |
|
|
|
493 |
|
| Poland Government International Bond |
|
|
|
|
|
|
|
|
| 5.125%, 04/21/2021 |
|
|
440 |
|
|
|
451 |
|
| 4.000%, 01/22/2024 |
|
|
450 |
|
|
|
501 |
|
| Province of Quebec Canada |
|
|
|
|
|
|
|
|
| 2.625%, 02/13/2023 |
|
|
500 |
|
|
|
526 |
|
| Province of Quebec Canada, Ser A MTN |
|
|
|
|
|
|
|
|
| 6.350%, 01/30/2026 |
|
|
1,010 |
|
|
|
1,291 |
|
| Qatar Government International Bond |
|
|
|
|
|
|
|
|
| 3.250%, 06/02/2026 |
|
|
370 |
|
|
|
407 |
|
| Russian Foreign Bond - Eurobond |
|
|
|
|
|
|
|
|
| 7.500%, 03/31/2030 |
|
|
132 |
|
|
|
152 |
|
| 5.875%, 09/16/2043 |
|
|
400 |
|
|
|
554 |
|
| 5.625%, 04/04/2042 |
|
|
400 |
|
|
|
535 |
|
| Uruguay Government International Bond |
|
|
|
|
|
|
|
|
| 4.375%, 01/23/2031 |
|
|
390 |
|
|
|
464 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Sovereign Debt
(Cost $8,856) ($ Thousands) |
|
|
|
|
|
|
10,019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
31 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
| U.S. GOVERNMENT AGENCY OBLIGATIONS — 2.6% |
|
| FHLB DN (C) |
|
|
|
|
|
|
|
|
| 0.094%, 11/25/2020 |
|
$ |
180 |
|
|
$ |
180 |
|
| 0.089%, 10/21/2020 |
|
|
360 |
|
|
|
360 |
|
| FHLMC |
|
|
|
|
|
|
|
|
| 6.500%, 12/01/2035 |
|
|
640 |
|
|
|
721 |
|
| 6.000%, 03/01/2035 |
|
|
1,017 |
|
|
|
1,206 |
|
| 5.000%, 10/01/2048 |
|
|
44 |
|
|
|
48 |
|
| 3.000%, 11/01/2043 |
|
|
543 |
|
|
|
577 |
|
| 2.375%, 01/13/2022 |
|
|
1,090 |
|
|
|
1,121 |
|
| FNMA |
|
|
|
|
|
|
|
|
| 4.500%, 09/01/2057 |
|
|
199 |
|
|
|
227 |
|
| 4.000%, 02/01/2056 |
|
|
63 |
|
|
|
71 |
|
| 4.000%, 06/01/2057 |
|
|
67 |
|
|
|
75 |
|
| 3.500%, 10/01/2047 |
|
|
872 |
|
|
|
922 |
|
| 3.500%, 07/01/2048 |
|
|
301 |
|
|
|
319 |
|
| 3.500%, 02/01/2049 |
|
|
75 |
|
|
|
82 |
|
| 3.000%, 03/01/2046 |
|
|
1,100 |
|
|
|
1,194 |
|
| 3.000%, 05/01/2046 |
|
|
73 |
|
|
|
78 |
|
| 3.000%, 07/01/2046 |
|
|
123 |
|
|
|
132 |
|
| 3.000%, 10/01/2046 |
|
|
198 |
|
|
|
214 |
|
| 3.000%, 11/01/2046 |
|
|
732 |
|
|
|
768 |
|
| 3.000%, 09/01/2047 |
|
|
299 |
|
|
|
321 |
|
| Tennessee Valley Authority |
|
|
|
|
|
|
|
|
| 3.875%, 02/15/2021 |
|
|
790 |
|
|
|
801 |
|
|
|
|
|
|
|
|
|
|
|
|
| Total U.S. Government Agency Obligations
(Cost $8,900) ($ Thousands) |
|
|
|
9,417 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| FOREIGN BONDS — 1.8% |
|
|
|
|
|
|
|
|
| Banco Santander |
|
|
|
|
|
|
|
|
| 3.125%, 02/23/2023 |
|
|
200 |
|
|
|
210 |
|
| Banco Santander Chile |
|
|
|
|
|
|
|
|
| 2.500%, 12/15/2020 (B) |
|
|
240 |
|
|
|
240 |
|
| Barclays Bank |
|
|
|
|
|
|
|
|
| 10.179%, 06/12/2021 (B) |
|
|
370 |
|
|
|
389 |
|
| BHP Billiton Finance USA |
|
|
|
|
|
|
|
|
| 2.875%, 02/24/2022 |
|
|
10 |
|
|
|
10 |
|
| BP Capital Markets |
|
|
|
|
|
|
|
|
| 3.062%, 03/17/2022 |
|
|
20 |
|
|
|
21 |
|
| BP Capital Markets PLC |
|
|
|
|
|
|
|
|
| 3.561%, 11/01/2021 |
|
|
230 |
|
|
|
238 |
|
| CNOOC Finance |
|
|
|
|
|
|
|
|
| 3.500%, 05/05/2025 |
|
|
330 |
|
|
|
362 |
|
| Cooperatieve Rabobank UA |
|
|
|
|
|
|
|
|
| 4.375%, 08/04/2025 |
|
|
500 |
|
|
|
567 |
|
| Ecopetrol |
|
|
|
|
|
|
|
|
| 5.375%, 06/26/2026 |
|
|
140 |
|
|
|
155 |
|
| HSBC Holdings PLC |
|
|
|
|
|
|
|
|
| 4.250%, 08/18/2025 |
|
|
230 |
|
|
|
250 |
|
| Intesa Sanpaolo |
|
|
|
|
|
|
|
|
| 5.017%, 06/26/2024 (B) |
|
|
200 |
|
|
|
210 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
|
|
| FOREIGN BONDS (continued) |
|
|
|
|
|
|
|
|
| 3.125%, 07/14/2022 (B) |
|
$ |
200 |
|
|
$ |
206 |
|
| OCP |
|
|
|
|
|
|
|
|
| 4.500%, 10/22/2025 (B) |
|
|
400 |
|
|
|
422 |
|
| Petrobras Global Finance BV |
|
|
|
|
|
|
|
|
| 6.850%, 06/05/2115 |
|
|
150 |
|
|
|
160 |
|
| Petroleos del Peru |
|
|
|
|
|
|
|
|
| 4.750%, 06/19/2032 (B) |
|
|
400 |
|
|
|
433 |
|
| Petroleos Mexicanos |
|
|
|
|
|
|
|
|
| 4.875%, 01/18/2024 |
|
|
190 |
|
|
|
188 |
|
| Shell International Finance BV |
|
|
|
|
|
|
|
|
| 3.250%, 05/11/2025 |
|
|
150 |
|
|
|
166 |
|
| 3.250%, 04/06/2050 |
|
|
110 |
|
|
|
117 |
|
| 2.875%, 05/10/2026 |
|
|
40 |
|
|
|
44 |
|
| 2.750%, 04/06/2030 |
|
|
40 |
|
|
|
44 |
|
| 2.375%, 04/06/2025 |
|
|
548 |
|
|
|
584 |
|
| 2.250%, 11/10/2020 |
|
|
360 |
|
|
|
361 |
|
| 1.750%, 09/12/2021 |
|
|
690 |
|
|
|
699 |
|
| Teva Pharmaceutical Finance Netherlands III BV |
|
|
|
|
|
|
|
|
| 2.200%, 07/21/2021 |
|
|
227 |
|
|
|
225 |
|
| Vale Overseas |
|
|
|
|
|
|
|
|
| 6.875%, 11/21/2036 |
|
|
48 |
|
|
|
62 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Foreign Bonds
(Cost $5,970) ($ Thousands) |
|
|
|
|
|
|
6,363 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| MUNICIPAL BONDS — 1.4% |
|
|
|
|
|
|
|
|
|
|
|
| Florida — 0.4% |
|
|
|
|
|
|
|
|
| Florida State, Board of Administration Finance, Ser A, RB |
|
|
|
|
|
|
|
|
| 2.638%, 07/01/2021 |
|
|
420 |
|
|
|
428 |
|
| 1.258%, 07/01/2025 |
|
|
1,000 |
|
|
|
1,016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,444 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Michigan — 0.2% |
|
|
|
|
|
|
|
|
| Michigan State, Finance Authority, RB Callable 03/01/2024 @ 100 |
|
|
|
|
|
|
|
|
| 2.988%, 09/01/2049 (D) |
|
|
755 |
|
|
|
810 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Missouri — 0.2% |
|
|
|
|
|
|
|
|
| University of Missouri, System Facilities, RB Callable 10/01/2025 @ 100 |
|
|
|
|
|
|
|
|
| 1.714%, 11/01/2025 |
|
|
725 |
|
|
|
758 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| New Jersey — 0.1% |
|
|
|
|
|
|
|
|
| New Jersey State, Transportation Trust Fund Authority, RB |
|
|
|
|
|
|
|
|
| 2.551%, 06/15/2023 |
|
|
125 |
|
|
|
126 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| 32 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Face Amount
(Thousands) |
|
Market Value
($ Thousands) |
|
|
|
| MUNICIPAL BONDS (continued) |
|
|
|
|
|
|
|
|
|
|
|
| New York — 0.2% |
|
|
|
|
|
|
|
|
| New York State, Urban Development, RB |
|
|
|
|
|
|
|
|
| 3.350%, 03/15/2026 |
|
$ |
665 |
|
|
$ |
740 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Wisconsin — 0.3% |
|
|
|
|
|
|
|
|
| Wisconsin State, Ser A, RB, AGM |
|
|
|
|
|
|
|
|
| 5.700%, 05/01/2026 |
|
|
795 |
|
|
|
940 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds
(Cost $4,570) ($ Thousands) |
|
|
|
|
|
|
4,818 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Shares |
|
|
|
|
|
| CASH EQUIVALENT — 2.1% |
|
|
|
|
|
|
|
|
| SEI Daily Income Trust, Government Fund, Cl F |
|
|
|
|
|
|
|
|
|
0.010%**† |
|
|
7,327,800 |
|
|
|
7,328 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Cash Equivalent
(Cost $7,328) ($ Thousands) |
|
|
|
|
|
|
7,328 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments in Securities — 104.2%
(Cost $356,359) ($ Thousands) |
|
|
|
|
|
$ |
370,976 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Contracts |
|
|
|
|
|
| PURCHASED OPTIONS* — 0.0% |
|
|
|
|
|
|
|
|
|
|
|
| Total Purchased Options (E)
(Cost $42) ($ Thousands) |
|
|
37 |
|
|
$ |
32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| WRITTEN OPTIONS* — 0.0% |
|
|
|
|
|
|
|
|
|
|
|
| Total Written Options (E)
(Premiums Received $9) ($ Thousands) |
|
|
(8 |
) |
|
$ |
(5 |
) |
|
|
|
|
|
|
|
|
|
A list of open option contracts held by the Fund at
September 30, 2020 are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Description |
|
Number of Contracts |
|
Notional Amount
(Thousands) |
|
Exercise Price |
|
|
Expiration Date |
|
|
Value
(Thousands) |
|
|
|
|
|
|
| PURCHASED OPTIONS — 0.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Put Options |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| November 2020, U.S. Bond Future Option* |
|
|
8 |
|
|
$ |
7 |
|
|
|
$175.00 |
|
|
|
10/17/2020 |
|
|
$ |
7 |
|
| November 2020, U.S. Bond Future Option |
|
|
4 |
|
|
|
5 |
|
|
|
176.00 |
|
|
|
10/17/2020 |
|
|
|
5 |
|
| November 2020, U.S. Bond Future Option* |
|
|
4 |
|
|
|
2 |
|
|
|
174.00 |
|
|
|
10/17/2020 |
|
|
|
2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14 |
|
|
|
|
|
|
|
|
|
|
|
14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Call Options |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| November 2020, U.S. Bond Future Option* |
|
|
9 |
|
|
|
9 |
|
|
|
177.00 |
|
|
|
10/17/2020 |
|
|
|
9 |
|
| November 2020, U.S. Bond Future Option* |
|
|
8 |
|
|
|
5 |
|
|
|
178.00 |
|
|
|
10/17/2020 |
|
|
|
5 |
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
33 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Description |
|
Number of Contracts |
|
Notional Amount
(Thousands) |
|
Exercise Price |
|
|
Expiration Date |
|
|
Value
(Thousands) |
| PURCHASED OPTIONS (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| November 2020, U.S. Bond Future Option* |
|
|
4 |
|
|
$ |
4 |
|
|
|
$177.50 |
|
|
|
10/17/2020 |
|
|
$ |
4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18 |
|
|
|
|
|
|
|
|
|
|
|
18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Purchased Options |
|
|
|
|
|
$ |
32 |
|
|
|
|
|
|
|
|
|
|
$ |
32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| WRITTEN OPTIONS — 0.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Put Options |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| November 2020, U.S. Bond Future Option* |
|
|
(4 |
) |
|
$ |
(1 |
) |
|
|
173.00 |
|
|
|
10/17/20 |
|
|
$ |
(1 |
) |
| December 2020, U.S. Bond Future Option * |
|
|
(4 |
) |
|
|
(4 |
) |
|
|
171.00 |
|
|
|
11/21/20 |
|
|
|
(4 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Written Options |
|
|
|
|
|
$ |
(5 |
) |
|
|
|
|
|
|
|
|
|
$ |
(5 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
A list of the open futures contracts held by the Fund at September 30, 2020 are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
Type of
Contract |
|
Number of
Contracts
Long/(Short) |
|
Expiration
Date |
|
|
Notional Amount
(Thousands) |
|
Value
(Thousands) |
|
Unrealized
Appreciation
(Depreciation)
(Thousands) |
|
|
|
|
|
|
| U.S. 10-Year Treasury Note |
|
|
(124 |
) |
|
|
Dec-2020 |
|
|
$ |
(17,283 |
) |
|
$ |
(17,302 |
) |
|
$ |
(19 |
) |
|
|
|
|
|
|
| U.S. 2-Year Treasury Note |
|
|
142 |
|
|
|
Jan-2021 |
|
|
|
31,367 |
|
|
|
31,376 |
|
|
|
9 |
|
|
|
|
|
|
|
| U.S. 5-Year Treasury Note |
|
|
290 |
|
|
|
Jan-2021 |
|
|
|
36,504 |
|
|
|
36,549 |
|
|
|
45 |
|
|
|
|
|
|
|
| U.S. Long Treasury Bond |
|
|
(178 |
) |
|
|
Dec-2020 |
|
|
|
(31,618 |
) |
|
|
(31,378 |
) |
|
|
240 |
|
|
|
|
|
|
|
| U.S. Ultra Long Treasury Bond |
|
|
17 |
|
|
|
Dec-2020 |
|
|
|
3,818 |
|
|
|
3,771 |
|
|
|
(47 |
) |
|
|
|
|
|
|
| Ultra 10-Year U.S. Treasury Note |
|
|
14 |
|
|
|
Dec-2020 |
|
|
|
2,241 |
|
|
|
2,239 |
|
|
|
(2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
25,029 |
|
|
$ |
25,255 |
|
|
$ |
226 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The futures contracts are considered to have interest rate risk associated with them.
| |
Percentages are based on Net Assets of $356,147 ($ Thousands). |
| * |
Non-income producing security. |
| ** |
The rate reported is the 7-day effective yield as of September 30, 2020. |
| † |
Investment in Affiliated Security. |
| (A) |
Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest
rates and prepayments on the underlying pool of assets. |
| (B) |
Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in
transactions exempt from registration normally to qualified institutions. On September 30, 2020, the value of these securities amounted to $62,054 ($ Thousands), representing 17.4% of the Net Assets of the Fund. |
| (C) |
Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of
purchase. |
| (D) |
Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.
|
| (E) |
Refer to table below for details on Options Contracts. |
ABS — Asset-Backed Security
AGM— Assured Guaranty Municipal
Cl — Class
CMO — Collateralized Mortgage Obligation
DAC — Designated Activity Company
DN — Discount Note
FHLB — Federal Home Loan Bank
FHLMC — Federal Home Loan Mortgage Corporation
FNMA — Federal National Mortgage Association
GNMA — Government National
Mortgage Association
ICE— Intercontinental Exchange
IO — Interest Only — face amount represents notional amount.
JSC — Joint-Stock Company
LIBOR — London Interbank Offered Rate
MTN — Medium Term Note
PLC — Public Limited Company
RB — Revenue Bond
Ser — Series
TBA — To Be Announced
USD — United States Dollar
VAR — Variable Rate
|
|
|
| |
|
| 34 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Income Fund (Continued)
The following is a list of the level of inputs used as of September 30, 2020, in valuing the Fund’s investments
and other financial instruments carried at value ($ Thousands).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
| Investments in Securities |
|
Level 1
($) |
|
Level 2
($) |
|
Level 3
($) |
|
Total
($) |
| Mortgage-Backed Securities |
|
|
– |
|
|
|
138,530 |
|
|
|
– |
|
|
|
138,530 |
|
| Corporate Obligations |
|
|
– |
|
|
|
112,966 |
|
|
|
– |
|
|
|
112,966 |
|
| U.S. Treasury Obligations |
|
|
– |
|
|
|
51,585 |
|
|
|
– |
|
|
|
51,585 |
|
| Asset-Backed Securities |
|
|
– |
|
|
|
29,950 |
|
|
|
– |
|
|
|
29,950 |
|
| Sovereign Debt |
|
|
– |
|
|
|
10,019 |
|
|
|
– |
|
|
|
10,019 |
|
| U.S. Government Agency Obligations |
|
|
– |
|
|
|
9,417 |
|
|
|
– |
|
|
|
9,417 |
|
| Foreign Bonds |
|
|
– |
|
|
|
6,363 |
|
|
|
– |
|
|
|
6,363 |
|
| Municipal Bonds |
|
|
– |
|
|
|
4,818 |
|
|
|
– |
|
|
|
4,818 |
|
| Cash Equivalent |
|
|
7,328 |
|
|
|
– |
|
|
|
– |
|
|
|
7,328 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments in Securities |
|
|
7,328 |
|
|
|
363,648 |
|
|
|
– |
|
|
|
370,976 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
Other Financial
Instruments |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
| Purchased Options |
|
$ |
32 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
32 |
|
| Written Options |
|
|
(5 |
) |
|
|
— |
|
|
|
— |
|
|
|
(5 |
) |
| Futures Contracts * |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unrealized Appreciation |
|
|
294 |
|
|
|
— |
|
|
|
— |
|
|
|
294 |
|
| Unrealized Depreciation |
|
|
(68 |
) |
|
|
— |
|
|
|
— |
|
|
|
(68 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Other Financial Instruments |
|
$ |
253 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
253 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*Futures contracts are value at the unrealized appreciation (depreciation) on the instrument.
For the period ended September 30, 2020, there were no transfers in or out of Level 3.
Amounts designated as “—” are $0 or have been rounded to $0.
For
information regarding the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
The following is a summary of the Fund’s
transactions with affiliates for the period ended September 30, 2020 ($ Thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Security Description |
|
Value
at 6/30/2020 |
|
Purchases at
Cost |
|
Proceeds from
Sales |
|
Realized Gain/
(Loss) |
|
Change in
Unrealized
Appreciation
(Depreciation) |
|
Value
9/30/2020 |
|
Shares |
|
Dividend Income |
|
Capital Gains |
| SEI Daily Income Trust, Government Fund, Cl F |
|
$9,707 |
|
$49,911 |
|
$(52,290) |
|
$— |
|
$— |
|
$7,328 |
|
7,327,800 |
|
$— |
|
$— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
35 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Balanced Income Fund (Continued)
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
| AFFILIATED INVESTMENT FUNDS — 98.5% |
|
|
|
|
|
|
|
|
| Fixed Income Fund — 63.4% |
|
|
|
|
|
|
|
|
| New Covenant Income Fund
† |
|
|
2,096,881 |
|
|
$ |
51,248 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Fixed Income Fund (Cost $48,314) ($ Thousands) |
|
|
|
|
|
|
51,248 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity Fund — 35.1% |
|
|
|
|
|
|
|
|
| New Covenant Growth Fund
† |
|
|
601,092 |
|
|
|
28,371 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Equity Fund
(Cost $13,786) ($ Thousands) |
|
|
|
|
|
|
28,371 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| CASH EQUIVALENT — 1.4% |
|
|
|
|
|
|
|
|
| SEI Daily Income Trust, Government Fund, Cl F |
|
|
|
|
|
|
|
|
|
0.010%**† |
|
|
1,143,972 |
|
|
$ |
1,144 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Cash Equivalent
(Cost $1,144) ($ Thousands) |
|
|
|
|
|
|
1,144 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments in Securities — 99.9%
(Cost $63,244) ($ Thousands) |
|
|
|
|
|
$ |
80,763 |
|
|
|
|
|
|
|
|
|
|
| |
Percentages are based on Net Assets of $80,832 ($ Thousands). |
| ** |
Rate shown is the 7-day effective yield as of September 30, 2020. |
| † |
Investment in Affiliated Security. |
Cl — Class
As of September 30, 2020, all of the Fund’s investments were
considered Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.
For the period ended September 30,
2020, there were no transfers in or out of Level 3.
For information regarding the Fund’s policy regarding valuation of investments and other significant
accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
The following is a summary of the Fund’s transactions with affiliates for the period ended September 30, 2020 ($
Thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Security Description |
|
Value 6/30/2020 |
|
Purchases at Cost |
|
Proceeds from
Sales |
|
Realized Gain/
(Loss) |
|
Change in
Unrealized
Appreciation |
|
Value 9/30/2020 |
|
Shares |
|
Dividend Income |
|
Capital Gains |
| New Covenant Income Fund |
|
$50,030 |
|
$2,355 |
|
$(1,383) |
|
$(2) |
|
$248 |
|
$51,248 |
|
2,096,881 |
|
$237 |
|
$— |
| New Covenant Growth Fund |
|
27,937 |
|
500 |
|
(2,482) |
|
1,270 |
|
1,146 |
|
28,371 |
|
601,092 |
|
67 |
|
— |
| SEI Daily Income Trust, Government Fund, Cl F |
|
754 |
|
2,490 |
|
(2,100) |
|
— |
|
— |
|
1,144 |
|
1,143,972 |
|
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Totals |
|
$78,721 |
|
$5,345 |
|
$(5,965) |
|
$1,268 |
|
$1,394 |
|
$80,763 |
|
|
|
$304 |
|
$— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| 36 |
|
New Covenant Funds / Quarterly Report / September 30, 2020 |
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2020
New Covenant Balanced Growth Fund
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
| AFFILIATED INVESTMENT FUNDS — 99.4% |
|
|
|
|
|
|
|
|
| Equity Fund — 60.5% |
|
|
|
|
|
|
|
|
| New Covenant Growth Fund
† |
|
|
3,963,205 |
|
|
$ |
187,063 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Equity Fund
(Cost $105,669) ($ Thousands) |
|
|
|
|
|
|
187,063 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed Income Fund — 38.9% |
|
|
|
|
|
|
|
|
| New Covenant Income Fund
† |
|
|
4,914,518 |
|
|
|
120,111 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Fixed Income Fund
(Cost $113,054) ($ Thousands) |
|
|
|
|
|
|
120,111 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
| Description |
|
Shares |
|
Market Value
($ Thousands) |
|
|
|
| CASH EQUIVALENT — 0.6% |
|
|
|
|
|
|
|
|
| SEI Daily Income Trust, Government Fund, Cl F |
|
|
|
|
|
|
|
|
|
0.010%**† |
|
|
1,970,681 |
|
|
$ |
1,971 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Cash Equivalent
(Cost $1,971) ($ Thousands) |
|
|
|
|
|
|
1,971 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments in Securities — 100.0%
(Cost $220,694) ($ Thousands) |
|
|
|
|
|
$ |
309,145 |
|
|
|
|
|
|
|
|
|
|
| |
Percentages are based on Net Assets of $309,184 ($ Thousands). |
| ** |
Rate shown is the 7-day effective yield as of September 30, 2020. |
| † |
Investment in Affiliated Security. |
Cl — Class
As of September 30, 2020, all of the Fund’s investments
were considered Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.
For the period ended
September 30, 2020, there were no transfers in or out of Level 3.
For information regarding the Fund’s policy regarding valuation of investments and other
significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
The following is a summary of the transactions with
affiliates for the period ended September 30, 2020 ($ Thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security
Description |
|
Value 6/30/2020 |
|
Purchases at Cost |
|
Proceeds from
Sales |
|
Realized Gain/
(Loss) |
|
Change in
Unrealized
Appreciation |
|
Value 9/30/2020 |
|
Shares |
|
Dividend Income |
|
Capital Gains |
| New Covenant Growth Fund |
|
$178,467 |
|
$3,160 |
|
$(9,976) |
|
$2,653 |
|
$12,759 |
|
$187,063 |
|
3,963,205 |
|
$427 |
|
$— |
| New Covenant Income Fund |
|
113,632 |
|
9,269 |
|
(3,346) |
|
(7) |
|
563 |
|
120,111 |
|
4,914,518 |
|
546 |
|
— |
| SEI Daily Income Trust, Government Fund, Cl F |
|
3,298 |
|
3,607 |
|
(4,934) |
|
— |
|
— |
|
1,971 |
|
1,970,681 |
|
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Totals |
|
$295,397 |
|
$16,036 |
|
$(18,256) |
|
$2,646 |
|
$13,322 |
|
$309,145 |
|
|
|
$973 |
|
$— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| New Covenant Funds / Quarterly Report / September 30, 2020 |
|
37 |