SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund
| |
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|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK — 101.1% |
United States — 101.1% |
Communication Services — 8.9% |
|
|
|
|
Activision Blizzard Inc |
|
|
8,807 |
|
|
$ |
706 |
|
Alphabet Inc, Cl A * |
|
|
4,093 |
|
|
|
11,384 |
|
Alphabet Inc, Cl C * |
|
|
3,815 |
|
|
|
10,655 |
|
AMC Entertainment Holdings, Cl A * |
|
|
2,754 |
|
|
|
68 |
|
AT&T Inc |
|
|
119,675 |
|
|
|
2,828 |
|
Bandwidth Inc, Cl A * |
|
|
74 |
|
|
|
2 |
|
Cable One Inc |
|
|
79 |
|
|
|
116 |
|
Cardlytics Inc * |
|
|
761 |
|
|
|
42 |
|
Cars.com Inc * |
|
|
4,178 |
|
|
|
60 |
|
Charter Communications Inc, Cl A * |
|
|
1,268 |
|
|
|
692 |
|
Cinemark Holdings Inc * |
|
|
4,289 |
|
|
|
74 |
|
Clear Channel Outdoor Holdings, Cl A * |
|
|
17,605 |
|
|
|
61 |
|
Cogent Communications Holdings Inc |
|
|
148 |
|
|
|
10 |
|
Comcast Corp, Cl A |
|
|
52,817 |
|
|
|
2,473 |
|
Discovery Inc, Cl C * |
|
|
354 |
|
|
|
9 |
|
EchoStar Corp, Cl A * |
|
|
1,124 |
|
|
|
27 |
|
Electronic Arts Inc |
|
|
4,844 |
|
|
|
613 |
|
Emerald Holding Inc * |
|
|
4,781 |
|
|
|
16 |
|
Eventbrite Inc, Cl A * |
|
|
2,537 |
|
|
|
37 |
|
EverQuote Inc, Cl A * |
|
|
1,468 |
|
|
|
24 |
|
EW Scripps Co/The, Cl A * |
|
|
3,299 |
|
|
|
69 |
|
Fox, Cl B |
|
|
1,428 |
|
|
|
52 |
|
Fox Corp, Cl A |
|
|
1,372 |
|
|
|
54 |
|
fuboTV * |
|
|
3,908 |
|
|
|
26 |
|
IAC * |
|
|
376 |
|
|
|
38 |
|
IMAX Corp * |
|
|
2,244 |
|
|
|
42 |
|
Interpublic Group of Cos Inc/The |
|
|
8,487 |
|
|
|
301 |
|
Iridium Communications Inc * |
|
|
366 |
|
|
|
15 |
|
John Wiley & Sons Inc, Cl A |
|
|
236 |
|
|
|
13 |
|
Liberty Broadband Corp, Cl A * |
|
|
81 |
|
|
|
11 |
|
Liberty Broadband Corp, Cl C * |
|
|
343 |
|
|
|
46 |
|
Liberty Media Corp-Liberty Formula One, Cl C * |
|
|
262 |
|
|
|
18 |
|
Liberty Media Corp-Liberty SiriusXM, Cl C * |
|
|
234 |
|
|
|
11 |
|
Live Nation Entertainment Inc * |
|
|
181 |
|
|
|
21 |
|
LiveOne * |
|
|
14,750 |
|
|
|
12 |
|
Loyalty Ventures * |
|
|
534 |
|
|
|
9 |
|
Lumen Technologies |
|
|
872 |
|
|
|
10 |
|
Madison Square Garden Entertainment Corp * |
|
|
1,768 |
|
|
|
147 |
|
Madison Square Garden Sports Corp * |
|
|
39 |
|
|
|
7 |
|
Magnite Inc * |
|
|
2,551 |
|
|
|
34 |
|
Match Group Inc * |
|
|
1,841 |
|
|
|
200 |
|
Meta Platforms, Cl A * |
|
|
29,295 |
|
|
|
6,514 |
|
Netflix Inc * |
|
|
5,046 |
|
|
|
1,890 |
|
New York Times Co/The, Cl A |
|
|
439 |
|
|
|
20 |
|
News Corp, Cl A |
|
|
829 |
|
|
|
18 |
|
Nexstar Media Group Inc, Cl A |
|
|
94 |
|
|
|
18 |
|
Omnicom Group Inc |
|
|
10,137 |
|
|
|
860 |
|
Paramount Global, Cl B |
|
|
7,304 |
|
|
|
276 |
|
| |
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Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Pinterest, Cl A * |
|
|
3,339 |
|
|
$ |
82 |
|
Roku Inc, Cl A * |
|
|
818 |
|
|
|
102 |
|
Scholastic Corp |
|
|
1,266 |
|
|
|
51 |
|
Shenandoah Telecommunications Co |
|
|
222 |
|
|
|
5 |
|
Sirius XM Holdings Inc |
|
|
7,153 |
|
|
|
47 |
|
Skillz, Cl A * |
|
|
3,639 |
|
|
|
11 |
|
Spotify Technology SA * |
|
|
1,265 |
|
|
|
191 |
|
Take-Two Interactive Software Inc * |
|
|
830 |
|
|
|
128 |
|
TechTarget Inc * |
|
|
1,986 |
|
|
|
161 |
|
TEGNA Inc |
|
|
3,052 |
|
|
|
68 |
|
T-Mobile US Inc * |
|
|
4,985 |
|
|
|
640 |
|
TripAdvisor Inc * |
|
|
1,712 |
|
|
|
46 |
|
Twitter Inc * |
|
|
7,369 |
|
|
|
285 |
|
Verizon Communications Inc |
|
|
57,853 |
|
|
|
2,947 |
|
Vimeo * |
|
|
610 |
|
|
|
7 |
|
Walt Disney Co/The * |
|
|
21,958 |
|
|
|
3,012 |
|
World Wrestling Entertainment Inc, Cl A |
|
|
780 |
|
|
|
49 |
|
Yelp, Cl A * |
|
|
1,355 |
|
|
|
46 |
|
Ziff Davis * |
|
|
2,547 |
|
|
|
247 |
|
Zynga Inc, Cl A * |
|
|
14,448 |
|
|
|
134 |
|
| |
|
|
|
|
|
|
48,888 |
|
Consumer Discretionary — 12.2% |
|
|
|
|
1-800-Flowers.com Inc, Cl A * |
|
|
3,668 |
|
|
|
47 |
|
2U Inc * |
|
|
871 |
|
|
|
12 |
|
Aaron's Co Inc |
|
|
416 |
|
|
|
8 |
|
Abercrombie & Fitch Co, Cl A * |
|
|
2,970 |
|
|
|
95 |
|
Adtalem Global Education Inc * |
|
|
5,431 |
|
|
|
161 |
|
Advance Auto Parts Inc |
|
|
317 |
|
|
|
66 |
|
Amazon.com Inc * |
|
|
5,468 |
|
|
|
17,825 |
|
American Eagle Outfitters Inc |
|
|
3,416 |
|
|
|
57 |
|
American Public Education Inc * |
|
|
1,831 |
|
|
|
39 |
|
Aramark |
|
|
260 |
|
|
|
10 |
|
Asbury Automotive Group Inc * |
|
|
425 |
|
|
|
68 |
|
AutoNation Inc * |
|
|
970 |
|
|
|
97 |
|
AutoZone Inc * |
|
|
235 |
|
|
|
480 |
|
Bath & Body Works |
|
|
638 |
|
|
|
31 |
|
Bed Bath & Beyond Inc * |
|
|
517 |
|
|
|
12 |
|
Best Buy Co Inc |
|
|
14,318 |
|
|
|
1,302 |
|
Big Lots Inc |
|
|
1,758 |
|
|
|
61 |
|
Bloomin' Brands Inc |
|
|
2,259 |
|
|
|
50 |
|
Booking Holdings Inc * |
|
|
563 |
|
|
|
1,322 |
|
Boot Barn Holdings Inc * |
|
|
1,181 |
|
|
|
112 |
|
BorgWarner Inc |
|
|
321 |
|
|
|
12 |
|
Bright Horizons Family Solutions Inc * |
|
|
76 |
|
|
|
10 |
|
Brinker International Inc * |
|
|
1,180 |
|
|
|
45 |
|
Brunswick Corp/DE |
|
|
839 |
|
|
|
68 |
|
Buckle Inc/The |
|
|
1,885 |
|
|
|
62 |
|
Burlington Stores Inc * |
|
|
482 |
|
|
|
88 |
|
Callaway Golf Co * |
|
|
2,383 |
|
|
|
56 |
|
Canoo * |
|
|
5,091 |
|
|
|
28 |
|
Capri Holdings Ltd * |
|
|
1,319 |
|
|
|
68 |
|
CarMax Inc * |
|
|
1,086 |
|
|
|
105 |
|
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Carnival Corp * |
|
|
15,800 |
|
|
$ |
319 |
|
Carter's Inc |
|
|
471 |
|
|
|
43 |
|
Carvana Co, Cl A * |
|
|
309 |
|
|
|
37 |
|
Cavco Industries Inc * |
|
|
255 |
|
|
|
61 |
|
Cheesecake Factory Inc/The * |
|
|
1,236 |
|
|
|
49 |
|
Chegg Inc * |
|
|
176 |
|
|
|
6 |
|
Children's Place Inc/The * |
|
|
812 |
|
|
|
40 |
|
Chipotle Mexican Grill Inc, Cl A * |
|
|
232 |
|
|
|
367 |
|
Choice Hotels International Inc |
|
|
113 |
|
|
|
16 |
|
Columbia Sportswear Co |
|
|
891 |
|
|
|
81 |
|
Cracker Barrel Old Country Store Inc |
|
|
323 |
|
|
|
38 |
|
Dana Inc |
|
|
2,660 |
|
|
|
47 |
|
Darden Restaurants Inc |
|
|
705 |
|
|
|
94 |
|
Dave & Buster's Entertainment Inc * |
|
|
1,283 |
|
|
|
63 |
|
Deckers Outdoor Corp * |
|
|
306 |
|
|
|
84 |
|
Denny's Corp * |
|
|
2,500 |
|
|
|
36 |
|
Designer Brands Inc, Cl A * |
|
|
3,316 |
|
|
|
45 |
|
Dick's Sporting Goods Inc |
|
|
1,054 |
|
|
|
105 |
|
Dillard's Inc, Cl A |
|
|
726 |
|
|
|
195 |
|
Dollar General Corp |
|
|
2,608 |
|
|
|
581 |
|
Dollar Tree Inc * |
|
|
1,320 |
|
|
|
211 |
|
Domino's Pizza Inc |
|
|
309 |
|
|
|
126 |
|
DoorDash, Cl A * |
|
|
523 |
|
|
|
61 |
|
Dorman Products Inc * |
|
|
128 |
|
|
|
12 |
|
DR Horton Inc |
|
|
1,973 |
|
|
|
147 |
|
eBay Inc |
|
|
20,542 |
|
|
|
1,176 |
|
Etsy Inc * |
|
|
1,162 |
|
|
|
144 |
|
Expedia Group Inc * |
|
|
389 |
|
|
|
76 |
|
Fisker * |
|
|
2,626 |
|
|
|
34 |
|
Five Below Inc * |
|
|
410 |
|
|
|
65 |
|
Floor & Decor Holdings Inc, Cl A * |
|
|
232 |
|
|
|
19 |
|
Foot Locker Inc |
|
|
1,308 |
|
|
|
39 |
|
Ford Motor Co |
|
|
36,995 |
|
|
|
626 |
|
Fox Factory Holding Corp * |
|
|
749 |
|
|
|
73 |
|
Frontdoor * |
|
|
251 |
|
|
|
8 |
|
Gap Inc/The |
|
|
11,382 |
|
|
|
160 |
|
Garmin Ltd |
|
|
418 |
|
|
|
50 |
|
General Motors Co * |
|
|
13,058 |
|
|
|
571 |
|
Gentex Corp |
|
|
440 |
|
|
|
13 |
|
Gentherm Inc * |
|
|
184 |
|
|
|
13 |
|
Genuine Parts Co |
|
|
109 |
|
|
|
14 |
|
Goodyear Tire & Rubber Co/The * |
|
|
989 |
|
|
|
14 |
|
Graham Holdings Co, Cl B |
|
|
78 |
|
|
|
48 |
|
Grand Canyon Education Inc * |
|
|
121 |
|
|
|
12 |
|
Group 1 Automotive Inc |
|
|
86 |
|
|
|
14 |
|
GrowGeneration * |
|
|
2,599 |
|
|
|
24 |
|
Guess? Inc |
|
|
2,341 |
|
|
|
51 |
|
H&R Block Inc |
|
|
3,157 |
|
|
|
82 |
|
Hanesbrands Inc |
|
|
13,319 |
|
|
|
198 |
|
Harley-Davidson Inc |
|
|
306 |
|
|
|
12 |
|
Hasbro Inc |
|
|
2,632 |
|
|
|
216 |
|
Helen of Troy Ltd * |
|
|
57 |
|
|
|
11 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Hilton Grand Vacations Inc * |
|
|
3,016 |
|
|
$ |
157 |
|
Hilton Worldwide Holdings Inc * |
|
|
3,186 |
|
|
|
483 |
|
Home Depot Inc/The |
|
|
13,012 |
|
|
|
3,895 |
|
Hyatt Hotels Corp, Cl A * |
|
|
135 |
|
|
|
13 |
|
Installed Building Products Inc |
|
|
694 |
|
|
|
59 |
|
iRobot Corp * |
|
|
1,013 |
|
|
|
64 |
|
Jack in the Box Inc |
|
|
658 |
|
|
|
61 |
|
Johnson Outdoors Inc, Cl A |
|
|
659 |
|
|
|
51 |
|
KB Home |
|
|
4,733 |
|
|
|
153 |
|
Kohl's Corp |
|
|
1,859 |
|
|
|
112 |
|
Kontoor Brands Inc |
|
|
1,282 |
|
|
|
53 |
|
La-Z-Boy Inc, Cl Z |
|
|
1,597 |
|
|
|
42 |
|
LCI Industries |
|
|
483 |
|
|
|
50 |
|
Lear Corp |
|
|
6,486 |
|
|
|
925 |
|
Leggett & Platt Inc |
|
|
222 |
|
|
|
8 |
|
Lennar Corp, Cl A |
|
|
461 |
|
|
|
37 |
|
Lennar Corp, Cl B |
|
|
450 |
|
|
|
31 |
|
LGI Homes Inc * |
|
|
127 |
|
|
|
12 |
|
Liquidity Services * |
|
|
2,249 |
|
|
|
39 |
|
LKQ Corp |
|
|
317 |
|
|
|
14 |
|
Lowe's Cos Inc |
|
|
13,635 |
|
|
|
2,757 |
|
Lululemon Athletica Inc * |
|
|
1,171 |
|
|
|
428 |
|
M/I Homes Inc * |
|
|
198 |
|
|
|
9 |
|
Macy's Inc |
|
|
4,042 |
|
|
|
98 |
|
Malibu Boats Inc, Cl A * |
|
|
202 |
|
|
|
12 |
|
Marriott International Inc/MD, Cl A * |
|
|
3,599 |
|
|
|
633 |
|
Marriott Vacations Worldwide Corp |
|
|
394 |
|
|
|
62 |
|
Mattel Inc * |
|
|
14,805 |
|
|
|
329 |
|
McDonald's Corp |
|
|
11,361 |
|
|
|
2,809 |
|
Meritage Homes Corp * |
|
|
794 |
|
|
|
63 |
|
Mohawk Industries Inc * |
|
|
127 |
|
|
|
16 |
|
Monro Inc |
|
|
626 |
|
|
|
28 |
|
Murphy USA Inc |
|
|
422 |
|
|
|
84 |
|
National Vision Holdings Inc * |
|
|
447 |
|
|
|
19 |
|
Newell Brands Inc |
|
|
605 |
|
|
|
13 |
|
NIKE Inc, Cl B |
|
|
17,693 |
|
|
|
2,381 |
|
Nordstrom Inc |
|
|
3,866 |
|
|
|
105 |
|
Norwegian Cruise Line Holdings Ltd * |
|
|
14,956 |
|
|
|
327 |
|
NVR Inc * |
|
|
13 |
|
|
|
58 |
|
ODP Corp/The* |
|
|
283 |
|
|
|
13 |
|
Ollie's Bargain Outlet Holdings Inc * |
|
|
212 |
|
|
|
9 |
|
OneSpaWorld Holdings Ltd * |
|
|
3,063 |
|
|
|
31 |
|
O'Reilly Automotive Inc * |
|
|
677 |
|
|
|
464 |
|
Oxford Industries Inc |
|
|
665 |
|
|
|
60 |
|
Papa John's International Inc |
|
|
806 |
|
|
|
85 |
|
Peloton Interactive Inc, Cl A * |
|
|
3,058 |
|
|
|
81 |
|
Penske Automotive Group Inc |
|
|
957 |
|
|
|
90 |
|
PetMed Express Inc |
|
|
366 |
|
|
|
9 |
|
Planet Fitness Inc, Cl A * |
|
|
173 |
|
|
|
15 |
|
Polaris Inc |
|
|
966 |
|
|
|
102 |
|
PulteGroup Inc |
|
|
5,125 |
|
|
|
215 |
|
PVH Corp |
|
|
108 |
|
|
|
8 |
|
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Qurate Retail Inc |
|
|
1,412 |
|
|
$ |
7 |
|
Ralph Lauren Corp, Cl A |
|
|
690 |
|
|
|
78 |
|
RealReal Inc/The * |
|
|
5,091 |
|
|
|
37 |
|
Rent-A-Center Inc/TX, Cl A |
|
|
1,764 |
|
|
|
44 |
|
RH * |
|
|
224 |
|
|
|
73 |
|
Ross Stores Inc |
|
|
3,209 |
|
|
|
290 |
|
Royal Caribbean Cruises Ltd * |
|
|
8,804 |
|
|
|
738 |
|
Sally Beauty Holdings Inc * |
|
|
2,794 |
|
|
|
44 |
|
SeaWorld Entertainment Inc * |
|
|
251 |
|
|
|
19 |
|
Service Corp International/US |
|
|
250 |
|
|
|
16 |
|
Shake Shack Inc, Cl A * |
|
|
157 |
|
|
|
11 |
|
Shutterstock Inc |
|
|
205 |
|
|
|
19 |
|
Signet Jewelers Ltd |
|
|
2,402 |
|
|
|
175 |
|
Six Flags Entertainment Corp * |
|
|
248 |
|
|
|
11 |
|
Sleep Number Corp * |
|
|
1,033 |
|
|
|
52 |
|
Standard Motor Products Inc |
|
|
943 |
|
|
|
41 |
|
Starbucks Corp |
|
|
16,902 |
|
|
|
1,538 |
|
Steven Madden Ltd |
|
|
1,178 |
|
|
|
46 |
|
Stitch Fix Inc, Cl A * |
|
|
1,021 |
|
|
|
10 |
|
Strategic Education Inc |
|
|
331 |
|
|
|
22 |
|
Stride Inc * |
|
|
348 |
|
|
|
13 |
|
Tapestry Inc |
|
|
2,803 |
|
|
|
104 |
|
Target Corp |
|
|
6,577 |
|
|
|
1,396 |
|
Taylor Morrison Home Corp, Cl A * |
|
|
12,743 |
|
|
|
347 |
|
Tempur Sealy International Inc |
|
|
2,272 |
|
|
|
63 |
|
Tenneco Inc, Cl A * |
|
|
3,599 |
|
|
|
66 |
|
Terminix Global Holdings Inc * |
|
|
303 |
|
|
|
14 |
|
Tesla Inc * |
|
|
10,410 |
|
|
|
11,218 |
|
Texas Roadhouse Inc, Cl A |
|
|
889 |
|
|
|
74 |
|
Thor Industries Inc |
|
|
106 |
|
|
|
8 |
|
TJX Cos Inc/The |
|
|
14,736 |
|
|
|
893 |
|
Toll Brothers Inc |
|
|
2,246 |
|
|
|
106 |
|
TopBuild Corp * |
|
|
476 |
|
|
|
86 |
|
Tractor Supply Co |
|
|
2,377 |
|
|
|
555 |
|
Travel + Leisure |
|
|
4,669 |
|
|
|
271 |
|
Tri Pointe Homes * |
|
|
3,236 |
|
|
|
65 |
|
Tupperware Brands Corp * |
|
|
3,286 |
|
|
|
64 |
|
Ulta Beauty Inc * |
|
|
279 |
|
|
|
111 |
|
Under Armour Inc, Cl C * |
|
|
556 |
|
|
|
9 |
|
Urban Outfitters Inc * |
|
|
417 |
|
|
|
10 |
|
Vail Resorts Inc |
|
|
46 |
|
|
|
12 |
|
VF Corp |
|
|
4,023 |
|
|
|
229 |
|
Victoria's Secret * |
|
|
212 |
|
|
|
11 |
|
Visteon Corp * |
|
|
551 |
|
|
|
60 |
|
Vroom * |
|
|
3,337 |
|
|
|
9 |
|
Wayfair Inc, Cl A * |
|
|
320 |
|
|
|
35 |
|
Wendy's Co/The |
|
|
11,419 |
|
|
|
251 |
|
Whirlpool Corp |
|
|
638 |
|
|
|
110 |
|
Williams-Sonoma Inc |
|
|
160 |
|
|
|
23 |
|
Wingstop Inc |
|
|
582 |
|
|
|
68 |
|
Winnebago Industries Inc |
|
|
191 |
|
|
|
10 |
|
Wolverine World Wide Inc |
|
|
1,511 |
|
|
|
34 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Workhorse Group Inc * |
|
|
4,879 |
|
|
$ |
24 |
|
WW International Inc * |
|
|
1,262 |
|
|
|
13 |
|
Wyndham Hotels & Resorts Inc |
|
|
189 |
|
|
|
16 |
|
Yum China Holdings Inc |
|
|
1,913 |
|
|
|
79 |
|
Yum! Brands Inc |
|
|
8,356 |
|
|
|
990 |
|
Zumiez Inc * |
|
|
1,593 |
|
|
|
61 |
|
| |
|
|
|
|
|
|
67,475 |
|
Consumer Staples — 5.6% |
|
|
|
|
Andersons Inc/The |
|
|
1,960 |
|
|
|
98 |
|
Archer-Daniels-Midland Co |
|
|
4,581 |
|
|
|
414 |
|
B&G Foods Inc |
|
|
862 |
|
|
|
23 |
|
BellRing Brands * |
|
|
136 |
|
|
|
3 |
|
Beyond Meat Inc * |
|
|
166 |
|
|
|
8 |
|
BJ's Wholesale Club Holdings Inc * |
|
|
2,099 |
|
|
|
142 |
|
Bunge Ltd |
|
|
1,596 |
|
|
|
177 |
|
Calavo Growers Inc |
|
|
571 |
|
|
|
21 |
|
Campbell Soup Co |
|
|
10,354 |
|
|
|
462 |
|
Casey's General Stores Inc |
|
|
65 |
|
|
|
13 |
|
Celsius Holdings * |
|
|
1,932 |
|
|
|
107 |
|
Chefs' Warehouse Inc/The * |
|
|
1,366 |
|
|
|
44 |
|
Church & Dwight Co Inc |
|
|
1,025 |
|
|
|
102 |
|
Clorox Co/The |
|
|
2,716 |
|
|
|
378 |
|
Coca-Cola Co/The |
|
|
44,340 |
|
|
|
2,749 |
|
Colgate-Palmolive Co |
|
|
13,653 |
|
|
|
1,035 |
|
Conagra Brands Inc |
|
|
14,479 |
|
|
|
486 |
|
Costco Wholesale Corp |
|
|
5,124 |
|
|
|
2,951 |
|
Coty Inc, Cl A * |
|
|
1,026 |
|
|
|
9 |
|
Darling Ingredients * |
|
|
716 |
|
|
|
57 |
|
Edgewell Personal Care Co |
|
|
310 |
|
|
|
11 |
|
Energizer Holdings Inc |
|
|
231 |
|
|
|
7 |
|
Estee Lauder Cos Inc/The, Cl A |
|
|
2,390 |
|
|
|
651 |
|
Flowers Foods Inc |
|
|
555 |
|
|
|
14 |
|
Fresh Del Monte Produce Inc |
|
|
1,442 |
|
|
|
37 |
|
General Mills Inc |
|
|
13,887 |
|
|
|
940 |
|
Grocery Outlet Holding Corp * |
|
|
263 |
|
|
|
9 |
|
Hain Celestial Group Inc/The * |
|
|
461 |
|
|
|
16 |
|
Herbalife Nutrition Ltd * |
|
|
1,088 |
|
|
|
33 |
|
Hershey Co/The |
|
|
2,295 |
|
|
|
497 |
|
HF Foods Group Inc * |
|
|
2,213 |
|
|
|
15 |
|
Hormel Foods Corp |
|
|
4,797 |
|
|
|
247 |
|
Ingredion Inc |
|
|
1,110 |
|
|
|
97 |
|
J M Smucker Co/The |
|
|
6,494 |
|
|
|
879 |
|
Kellogg Co |
|
|
6,713 |
|
|
|
433 |
|
Keurig Dr Pepper Inc |
|
|
16,196 |
|
|
|
614 |
|
Kimberly-Clark Corp |
|
|
6,484 |
|
|
|
799 |
|
Kraft Heinz Co/The |
|
|
1,168 |
|
|
|
46 |
|
Kroger Co/The |
|
|
17,094 |
|
|
|
981 |
|
Lamb Weston Holdings Inc |
|
|
594 |
|
|
|
36 |
|
McCormick & Co Inc/MD |
|
|
5,832 |
|
|
|
582 |
|
MedAvail Holdings * |
|
|
31,022 |
|
|
|
30 |
|
Medifast Inc |
|
|
71 |
|
|
|
12 |
|
Mondelez International Inc, Cl A |
|
|
17,402 |
|
|
|
1,092 |
|
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Monster Beverage Corp * |
|
|
1,999 |
|
|
$ |
160 |
|
National Beverage Corp |
|
|
344 |
|
|
|
15 |
|
PepsiCo Inc |
|
|
26,903 |
|
|
|
4,503 |
|
Performance Food Group Co * |
|
|
1,023 |
|
|
|
52 |
|
Pilgrim's Pride Corp * |
|
|
355 |
|
|
|
9 |
|
Post Holdings Inc * |
|
|
108 |
|
|
|
7 |
|
PriceSmart Inc |
|
|
179 |
|
|
|
14 |
|
Procter & Gamble Co/The |
|
|
28,893 |
|
|
|
4,415 |
|
Sanderson Farms Inc |
|
|
297 |
|
|
|
56 |
|
SpartanNash Co |
|
|
1,252 |
|
|
|
41 |
|
Spectrum Brands Holdings Inc |
|
|
183 |
|
|
|
16 |
|
Sprouts Farmers Market Inc * |
|
|
623 |
|
|
|
20 |
|
Sysco Corp |
|
|
17,657 |
|
|
|
1,442 |
|
TreeHouse Foods Inc * |
|
|
237 |
|
|
|
8 |
|
Tyson Foods Inc, Cl A |
|
|
175 |
|
|
|
16 |
|
US Foods Holding Corp * |
|
|
2,211 |
|
|
|
83 |
|
Walgreens Boots Alliance Inc |
|
|
11,242 |
|
|
|
503 |
|
Walmart Inc |
|
|
16,342 |
|
|
|
2,434 |
|
| |
|
|
|
|
|
|
31,151 |
|
Energy — 4.0% |
|
|
|
|
Antero Midstream Corp |
|
|
7,912 |
|
|
|
86 |
|
APA |
|
|
7,933 |
|
|
|
328 |
|
Baker Hughes Co, Cl A |
|
|
4,496 |
|
|
|
164 |
|
Cactus Inc, Cl A |
|
|
1,525 |
|
|
|
87 |
|
Callon Petroleum * |
|
|
2,548 |
|
|
|
151 |
|
ChampionX Corp |
|
|
383 |
|
|
|
9 |
|
Cheniere Energy Inc |
|
|
1,265 |
|
|
|
175 |
|
Chevron Corp |
|
|
23,292 |
|
|
|
3,793 |
|
Clean Energy Fuels * |
|
|
4,579 |
|
|
|
36 |
|
CNX Resources Corp * |
|
|
6,091 |
|
|
|
126 |
|
ConocoPhillips |
|
|
28,962 |
|
|
|
2,896 |
|
Continental Resources Inc/OK |
|
|
337 |
|
|
|
21 |
|
Coterra Energy |
|
|
7,300 |
|
|
|
197 |
|
Devon Energy Corp |
|
|
2,945 |
|
|
|
174 |
|
Diamondback Energy Inc |
|
|
133 |
|
|
|
18 |
|
Dril-Quip Inc * |
|
|
1,072 |
|
|
|
40 |
|
DT Midstream |
|
|
405 |
|
|
|
22 |
|
EOG Resources Inc |
|
|
4,528 |
|
|
|
540 |
|
EQT Corp |
|
|
2,732 |
|
|
|
94 |
|
Equitrans Midstream Corp |
|
|
2,185 |
|
|
|
18 |
|
Expro Group Holdings * |
|
|
1,529 |
|
|
|
27 |
|
Exxon Mobil Corp |
|
|
51,029 |
|
|
|
4,215 |
|
Gevo * |
|
|
6,754 |
|
|
|
32 |
|
Golar LNG Ltd * |
|
|
3,888 |
|
|
|
96 |
|
Halliburton Co |
|
|
4,450 |
|
|
|
169 |
|
Helmerich & Payne Inc |
|
|
1,494 |
|
|
|
64 |
|
Hess Corp |
|
|
4,195 |
|
|
|
449 |
|
HF Sinclair |
|
|
3,119 |
|
|
|
124 |
|
International Seaways Inc |
|
|
3,587 |
|
|
|
65 |
|
Kinder Morgan Inc |
|
|
32,576 |
|
|
|
616 |
|
Kinetik Holdings, Cl A |
|
|
815 |
|
|
|
53 |
|
Kosmos Energy Ltd * |
|
|
44,503 |
|
|
|
320 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Magnolia Oil & Gas Corp, Cl A |
|
|
3,984 |
|
|
$ |
94 |
|
Marathon Oil Corp |
|
|
5,472 |
|
|
|
137 |
|
Marathon Petroleum Corp |
|
|
7,000 |
|
|
|
599 |
|
Murphy Oil Corp |
|
|
449 |
|
|
|
18 |
|
Nabors Industries Ltd * |
|
|
367 |
|
|
|
56 |
|
NOV |
|
|
482 |
|
|
|
9 |
|
Occidental Petroleum Corp |
|
|
8,202 |
|
|
|
465 |
|
Oceaneering International Inc * |
|
|
3,376 |
|
|
|
51 |
|
ONEOK Inc |
|
|
3,505 |
|
|
|
248 |
|
Patterson-UTI Energy Inc |
|
|
4,952 |
|
|
|
77 |
|
PBF Energy Inc, Cl A * |
|
|
3,466 |
|
|
|
84 |
|
Phillips 66 |
|
|
5,367 |
|
|
|
464 |
|
Pioneer Natural Resources Co |
|
|
2,260 |
|
|
|
565 |
|
Range Resources Corp * |
|
|
2,413 |
|
|
|
73 |
|
RPC Inc * |
|
|
10,482 |
|
|
|
112 |
|
Schlumberger NV Ltd |
|
|
39,202 |
|
|
|
1,619 |
|
SM Energy |
|
|
5,146 |
|
|
|
200 |
|
Southwestern Energy Co * |
|
|
21,739 |
|
|
|
156 |
|
Targa Resources Corp |
|
|
11,252 |
|
|
|
849 |
|
Tellurian * |
|
|
11,904 |
|
|
|
63 |
|
Valero Energy Corp |
|
|
4,715 |
|
|
|
479 |
|
Williams Cos Inc/The |
|
|
11,002 |
|
|
|
368 |
|
| |
|
|
|
|
|
|
21,991 |
|
Financials — 12.3% |
|
|
|
|
Affiliated Managers Group Inc |
|
|
910 |
|
|
|
128 |
|
Aflac Inc |
|
|
3,214 |
|
|
|
207 |
|
AGNC Investment Corp ‡ |
|
|
2,838 |
|
|
|
37 |
|
Alleghany Corp * |
|
|
15 |
|
|
|
13 |
|
Allegiance Bancshares Inc |
|
|
1,318 |
|
|
|
59 |
|
Allstate Corp/The |
|
|
3,458 |
|
|
|
479 |
|
Ally Financial Inc |
|
|
1,575 |
|
|
|
68 |
|
American Express Co |
|
|
9,360 |
|
|
|
1,750 |
|
American Financial Group Inc/OH |
|
|
449 |
|
|
|
65 |
|
American International Group Inc |
|
|
6,597 |
|
|
|
414 |
|
American National Group Inc |
|
|
91 |
|
|
|
17 |
|
Ameriprise Financial Inc |
|
|
1,250 |
|
|
|
375 |
|
Ameris Bancorp |
|
|
1,129 |
|
|
|
50 |
|
AMERISAFE Inc |
|
|
743 |
|
|
|
37 |
|
Annaly Capital Management Inc ‡ |
|
|
15,140 |
|
|
|
107 |
|
Apollo Commercial Real Estate Finance Inc ‡ |
|
|
2,686 |
|
|
|
37 |
|
Apollo Global Management |
|
|
1,230 |
|
|
|
76 |
|
Arch Capital Group Ltd * |
|
|
2,404 |
|
|
|
116 |
|
Ares Management, Cl A |
|
|
632 |
|
|
|
51 |
|
Argo Group International Holdings Ltd |
|
|
750 |
|
|
|
31 |
|
Arthur J Gallagher & Co |
|
|
1,036 |
|
|
|
181 |
|
Artisan Partners Asset Management Inc, Cl A |
|
|
1,589 |
|
|
|
63 |
|
AssetMark Financial Holdings * |
|
|
1,796 |
|
|
|
40 |
|
Associated Banc-Corp |
|
|
4,274 |
|
|
|
97 |
|
Assurant Inc |
|
|
87 |
|
|
|
16 |
|
Assured Guaranty Ltd |
|
|
994 |
|
|
|
63 |
|
Atlantic Union Bankshares Corp |
|
|
1,302 |
|
|
|
48 |
|
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Axis Capital Holdings Ltd |
|
|
825 |
|
|
$ |
50 |
|
Axos Financial Inc * |
|
|
310 |
|
|
|
14 |
|
Bank of America Corp |
|
|
87,545 |
|
|
|
3,609 |
|
Bank of Hawaii Corp |
|
|
1,051 |
|
|
|
88 |
|
Bank of Marin Bancorp |
|
|
1,079 |
|
|
|
38 |
|
Bank of New York Mellon Corp/The |
|
|
12,656 |
|
|
|
628 |
|
Bank of NT Butterfield & Son Ltd/The |
|
|
1,324 |
|
|
|
48 |
|
Bank OZK |
|
|
366 |
|
|
|
16 |
|
BankUnited Inc |
|
|
2,418 |
|
|
|
106 |
|
Banner Corp |
|
|
851 |
|
|
|
50 |
|
Berkshire Hathaway Inc, Cl B * |
|
|
22,449 |
|
|
|
7,922 |
|
Berkshire Hills Bancorp Inc |
|
|
1,501 |
|
|
|
44 |
|
BGC Partners Inc, Cl A |
|
|
8,389 |
|
|
|
37 |
|
BlackRock Inc, Cl A |
|
|
1,878 |
|
|
|
1,435 |
|
Blackstone |
|
|
6,514 |
|
|
|
827 |
|
BOK Financial Corp |
|
|
568 |
|
|
|
53 |
|
Brighthouse Financial Inc * |
|
|
268 |
|
|
|
14 |
|
Brown & Brown Inc |
|
|
290 |
|
|
|
21 |
|
Cadence Bank |
|
|
1,525 |
|
|
|
45 |
|
Camden National Corp |
|
|
1,097 |
|
|
|
52 |
|
Capital One Financial Corp |
|
|
3,914 |
|
|
|
514 |
|
Capitol Federal Financial Inc |
|
|
3,529 |
|
|
|
38 |
|
Carlyle Group |
|
|
923 |
|
|
|
45 |
|
Cathay General Bancorp |
|
|
1,291 |
|
|
|
58 |
|
Cboe Global Markets Inc |
|
|
99 |
|
|
|
11 |
|
Central Pacific Financial Corp |
|
|
1,651 |
|
|
|
46 |
|
Charles Schwab Corp/The |
|
|
16,432 |
|
|
|
1,385 |
|
Chimera Investment Corp ‡ |
|
|
2,402 |
|
|
|
29 |
|
Chubb Ltd |
|
|
6,169 |
|
|
|
1,320 |
|
Cincinnati Financial Corp |
|
|
891 |
|
|
|
121 |
|
Citigroup Inc |
|
|
24,313 |
|
|
|
1,298 |
|
Citizens Financial Group Inc |
|
|
2,381 |
|
|
|
108 |
|
City Holding Co |
|
|
607 |
|
|
|
48 |
|
CME Group Inc, Cl A |
|
|
4,726 |
|
|
|
1,124 |
|
CNA Financial Corp |
|
|
253 |
|
|
|
12 |
|
Cohen & Steers Inc |
|
|
764 |
|
|
|
66 |
|
Comerica Inc |
|
|
1,232 |
|
|
|
111 |
|
Commerce Bancshares Inc/MO |
|
|
1,640 |
|
|
|
117 |
|
Community Bank System Inc |
|
|
710 |
|
|
|
50 |
|
ConnectOne Bancorp Inc |
|
|
1,891 |
|
|
|
61 |
|
Credit Acceptance Corp * |
|
|
177 |
|
|
|
97 |
|
Cullen/Frost Bankers Inc |
|
|
850 |
|
|
|
118 |
|
Dime Community Bancshares |
|
|
1,467 |
|
|
|
51 |
|
Discover Financial Services |
|
|
11,446 |
|
|
|
1,261 |
|
Eagle Bancorp Inc |
|
|
1,035 |
|
|
|
59 |
|
East West Bancorp Inc |
|
|
1,710 |
|
|
|
135 |
|
eHealth Inc * |
|
|
512 |
|
|
|
6 |
|
Ellington Financial Inc ‡ |
|
|
2,748 |
|
|
|
49 |
|
Enterprise Financial Services Corp |
|
|
1,063 |
|
|
|
50 |
|
Equitable Holdings Inc |
|
|
432 |
|
|
|
13 |
|
Erie Indemnity Co, Cl A |
|
|
433 |
|
|
|
76 |
|
Essent Group Ltd |
|
|
970 |
|
|
|
40 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Evercore Inc, Cl A |
|
|
659 |
|
|
$ |
73 |
|
Everest Re Group Ltd |
|
|
179 |
|
|
|
54 |
|
FactSet Research Systems Inc |
|
|
306 |
|
|
|
133 |
|
FB Financial Corp |
|
|
1,250 |
|
|
|
56 |
|
Federal Agricultural Mortgage Corp, Cl C |
|
|
119 |
|
|
|
13 |
|
Federated Hermes Inc, Cl B |
|
|
1,492 |
|
|
|
51 |
|
Fidelity National Financial Inc |
|
|
1,063 |
|
|
|
52 |
|
Fifth Third Bancorp |
|
|
4,599 |
|
|
|
198 |
|
First American Financial Corp |
|
|
814 |
|
|
|
53 |
|
First BanCorp/Puerto Rico |
|
|
4,571 |
|
|
|
60 |
|
First Busey Corp |
|
|
1,790 |
|
|
|
45 |
|
First Citizens BancShares Inc/NC, Cl A |
|
|
159 |
|
|
|
106 |
|
First Commonwealth Financial Corp |
|
|
3,365 |
|
|
|
51 |
|
First Financial Bancorp |
|
|
1,921 |
|
|
|
44 |
|
First Financial Bankshares Inc |
|
|
1,378 |
|
|
|
61 |
|
First Hawaiian Inc |
|
|
3,126 |
|
|
|
87 |
|
First Horizon National Corp |
|
|
6,041 |
|
|
|
142 |
|
First Interstate BancSystem, Cl A |
|
|
1,171 |
|
|
|
43 |
|
First Merchants Corp |
|
|
1,182 |
|
|
|
49 |
|
First Republic Bank/CA |
|
|
1,080 |
|
|
|
175 |
|
FirstCash Holdings |
|
|
612 |
|
|
|
43 |
|
FNB Corp/PA |
|
|
3,907 |
|
|
|
49 |
|
Franklin BSP Realty Trust ‡ |
|
|
2,050 |
|
|
|
29 |
|
Franklin Resources Inc |
|
|
6,856 |
|
|
|
192 |
|
Fulton Financial Corp |
|
|
2,789 |
|
|
|
46 |
|
Genworth Financial Inc, Cl A * |
|
|
10,439 |
|
|
|
39 |
|
German American Bancorp Inc |
|
|
1,414 |
|
|
|
54 |
|
Globe Life Inc |
|
|
108 |
|
|
|
11 |
|
Goldman Sachs Group Inc/The |
|
|
3,960 |
|
|
|
1,307 |
|
Goosehead Insurance Inc, Cl A |
|
|
215 |
|
|
|
17 |
|
Great Ajax ‡ |
|
|
3,748 |
|
|
|
44 |
|
Hancock Whitney Corp |
|
|
1,142 |
|
|
|
60 |
|
Hannon Armstrong Sustainable Infrastructure Capital Inc |
|
|
20,833 |
|
|
|
988 |
|
Hanover Insurance Group Inc/The |
|
|
124 |
|
|
|
19 |
|
HarborOne Bancorp Inc |
|
|
4,621 |
|
|
|
65 |
|
Hartford Financial Services Group Inc/The |
|
|
1,006 |
|
|
|
72 |
|
Heartland Financial USA Inc |
|
|
1,003 |
|
|
|
48 |
|
Heritage Financial Corp/WA |
|
|
1,744 |
|
|
|
44 |
|
Home BancShares Inc/AR |
|
|
2,523 |
|
|
|
57 |
|
HomeStreet Inc |
|
|
309 |
|
|
|
15 |
|
Hope Bancorp Inc |
|
|
3,233 |
|
|
|
52 |
|
Horace Mann Educators Corp |
|
|
1,125 |
|
|
|
47 |
|
Houlihan Lokey Inc, Cl A |
|
|
192 |
|
|
|
17 |
|
Huntington Bancshares Inc/OH |
|
|
9,540 |
|
|
|
139 |
|
Independent Bank Corp |
|
|
580 |
|
|
|
47 |
|
Independent Bank Group Inc |
|
|
846 |
|
|
|
60 |
|
Intercontinental Exchange Inc |
|
|
5,170 |
|
|
|
683 |
|
Invesco Ltd |
|
|
18,276 |
|
|
|
421 |
|
Invesco Mortgage Capital Inc ‡ |
|
|
3,234 |
|
|
|
7 |
|
Investors Bancorp Inc |
|
|
4,061 |
|
|
|
61 |
|
James River Group Holdings Ltd |
|
|
1,180 |
|
|
|
29 |
|
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Janus Henderson Group |
|
|
1,207 |
|
|
$ |
42 |
|
Jefferies Financial Group Inc |
|
|
2,313 |
|
|
|
76 |
|
JPMorgan Chase & Co |
|
|
35,839 |
|
|
|
4,886 |
|
KeyCorp |
|
|
12,904 |
|
|
|
289 |
|
Kinsale Capital Group Inc |
|
|
73 |
|
|
|
17 |
|
KKR & Co Inc |
|
|
3,222 |
|
|
|
188 |
|
KKR Real Estate Finance Trust Inc ‡ |
|
|
2,440 |
|
|
|
50 |
|
Lakeland Bancorp Inc |
|
|
2,890 |
|
|
|
48 |
|
Lazard Ltd, Cl A (A) |
|
|
2,316 |
|
|
|
80 |
|
Lemonade * |
|
|
1,665 |
|
|
|
44 |
|
LendingTree Inc * |
|
|
175 |
|
|
|
21 |
|
Lincoln National Corp |
|
|
3,621 |
|
|
|
237 |
|
Loews Corp |
|
|
222 |
|
|
|
14 |
|
LPL Financial Holdings Inc |
|
|
1,036 |
|
|
|
189 |
|
M&T Bank Corp |
|
|
929 |
|
|
|
157 |
|
MarketAxess Holdings Inc |
|
|
144 |
|
|
|
49 |
|
Marsh & McLennan Cos Inc |
|
|
15,644 |
|
|
|
2,666 |
|
Mercury General Corp |
|
|
233 |
|
|
|
13 |
|
Meta Financial Group Inc |
|
|
266 |
|
|
|
15 |
|
MetLife Inc |
|
|
6,576 |
|
|
|
462 |
|
MFA Financial Inc ‡ |
|
|
6,337 |
|
|
|
26 |
|
MGIC Investment Corp |
|
|
3,455 |
|
|
|
47 |
|
Moelis & Co, Cl A |
|
|
1,564 |
|
|
|
73 |
|
Moody's Corp |
|
|
2,613 |
|
|
|
882 |
|
Morgan Stanley |
|
|
32,105 |
|
|
|
2,806 |
|
Morningstar Inc |
|
|
67 |
|
|
|
18 |
|
Mr Cooper Group Inc * |
|
|
335 |
|
|
|
15 |
|
MSCI Inc, Cl A |
|
|
635 |
|
|
|
319 |
|
Nasdaq Inc |
|
|
2,378 |
|
|
|
424 |
|
NBT Bancorp Inc |
|
|
1,213 |
|
|
|
44 |
|
Nelnet Inc, Cl A |
|
|
793 |
|
|
|
67 |
|
New Residential Investment Corp ‡ |
|
|
14,139 |
|
|
|
155 |
|
New York Community Bancorp Inc |
|
|
951 |
|
|
|
10 |
|
New York Mortgage Trust Inc ‡ |
|
|
7,776 |
|
|
|
28 |
|
NMI Holdings Inc, Cl A * |
|
|
1,470 |
|
|
|
30 |
|
Northern Trust Corp |
|
|
7,549 |
|
|
|
879 |
|
Northfield Bancorp Inc |
|
|
2,868 |
|
|
|
41 |
|
OFG Bancorp |
|
|
2,119 |
|
|
|
56 |
|
Old National Bancorp/IN |
|
|
5,093 |
|
|
|
83 |
|
OneMain Holdings Inc, Cl A |
|
|
258 |
|
|
|
12 |
|
Pacific Premier Bancorp Inc |
|
|
3,188 |
|
|
|
113 |
|
PacWest Bancorp |
|
|
1,283 |
|
|
|
55 |
|
Palomar Holdings Inc, Cl A * |
|
|
145 |
|
|
|
9 |
|
People's United Financial Inc |
|
|
5,001 |
|
|
|
100 |
|
Pinnacle Financial Partners Inc |
|
|
1,489 |
|
|
|
137 |
|
PNC Financial Services Group Inc/The |
|
|
5,690 |
|
|
|
1,050 |
|
Popular Inc |
|
|
1,507 |
|
|
|
123 |
|
PRA Group Inc * |
|
|
1,320 |
|
|
|
60 |
|
Primerica |
|
|
323 |
|
|
|
44 |
|
Principal Financial Group Inc |
|
|
662 |
|
|
|
49 |
|
ProAssurance Corp |
|
|
1,351 |
|
|
|
36 |
|
PROG Holdings Inc * |
|
|
832 |
|
|
|
24 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Progressive Corp/The |
|
|
6,231 |
|
|
$ |
710 |
|
Prosperity Bancshares Inc |
|
|
1,192 |
|
|
|
83 |
|
Provident Financial Services Inc |
|
|
1,988 |
|
|
|
47 |
|
Prudential Financial Inc |
|
|
16,015 |
|
|
|
1,893 |
|
Radian Group Inc |
|
|
1,924 |
|
|
|
43 |
|
Raymond James Financial Inc |
|
|
1,470 |
|
|
|
162 |
|
Redwood Trust Inc ‡ |
|
|
2,992 |
|
|
|
32 |
|
Regional Management |
|
|
872 |
|
|
|
42 |
|
Regions Financial Corp |
|
|
72,286 |
|
|
|
1,609 |
|
Reinsurance Group of America Inc, Cl A |
|
|
578 |
|
|
|
63 |
|
RenaissanceRe Holdings Ltd |
|
|
248 |
|
|
|
39 |
|
Renasant Corp |
|
|
1,366 |
|
|
|
46 |
|
RLI Corp |
|
|
545 |
|
|
|
60 |
|
S&P Global Inc |
|
|
7,141 |
|
|
|
2,929 |
|
S&T Bancorp Inc |
|
|
1,247 |
|
|
|
37 |
|
Sandy Spring Bancorp Inc |
|
|
1,350 |
|
|
|
61 |
|
Seacoast Banking Corp of Florida |
|
|
1,616 |
|
|
|
57 |
|
ServisFirst Bancshares Inc |
|
|
187 |
|
|
|
18 |
|
Signature Bank/New York NY |
|
|
676 |
|
|
|
198 |
|
Silvergate Capital, Cl A * |
|
|
716 |
|
|
|
108 |
|
SLM Corp |
|
|
8,316 |
|
|
|
153 |
|
SouthState |
|
|
216 |
|
|
|
18 |
|
Starwood Property Trust Inc ‡ |
|
|
2,000 |
|
|
|
48 |
|
State Street Corp |
|
|
9,970 |
|
|
|
869 |
|
Stifel Financial Corp |
|
|
245 |
|
|
|
17 |
|
SVB Financial Group * |
|
|
439 |
|
|
|
246 |
|
Synchrony Financial |
|
|
4,720 |
|
|
|
164 |
|
Synovus Financial Corp |
|
|
1,267 |
|
|
|
62 |
|
T Rowe Price Group Inc |
|
|
2,711 |
|
|
|
410 |
|
Texas Capital Bancshares Inc * |
|
|
822 |
|
|
|
47 |
|
TFS Financial Corp |
|
|
573 |
|
|
|
10 |
|
TPG RE Finance Trust Inc ‡ |
|
|
2,439 |
|
|
|
29 |
|
Travelers Cos Inc/The |
|
|
2,743 |
|
|
|
501 |
|
TriCo Bancshares |
|
|
1,219 |
|
|
|
49 |
|
TriState Capital Holdings Inc * |
|
|
1,917 |
|
|
|
64 |
|
Triumph Bancorp Inc * |
|
|
822 |
|
|
|
77 |
|
Truist Financial Corp |
|
|
14,236 |
|
|
|
807 |
|
Trustmark Corp |
|
|
1,410 |
|
|
|
43 |
|
Two Harbors Investment Corp ‡ |
|
|
6,390 |
|
|
|
35 |
|
UMB Financial Corp |
|
|
715 |
|
|
|
69 |
|
Umpqua Holdings Corp |
|
|
2,753 |
|
|
|
52 |
|
Univest Financial Corp |
|
|
1,820 |
|
|
|
49 |
|
Unum Group |
|
|
1,638 |
|
|
|
52 |
|
US Bancorp |
|
|
12,299 |
|
|
|
654 |
|
Valley National Bancorp |
|
|
4,269 |
|
|
|
56 |
|
Veritex Holdings Inc |
|
|
348 |
|
|
|
13 |
|
Virtu Financial Inc, Cl A |
|
|
3,026 |
|
|
|
113 |
|
W R Berkley Corp |
|
|
248 |
|
|
|
16 |
|
Walker & Dunlop Inc |
|
|
749 |
|
|
|
97 |
|
Washington Trust Bancorp Inc |
|
|
924 |
|
|
|
49 |
|
Webster Financial Corp |
|
|
2,008 |
|
|
|
113 |
|
Wells Fargo & Co |
|
|
46,926 |
|
|
|
2,274 |
|
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Westamerica BanCorp |
|
|
731 |
|
|
$ |
44 |
|
Western Alliance Bancorp |
|
|
1,801 |
|
|
|
149 |
|
Wintrust Financial Corp |
|
|
708 |
|
|
|
66 |
|
Zions Bancorp NA |
|
|
1,771 |
|
|
|
116 |
|
| |
|
|
|
|
|
|
67,773 |
|
Health Care — 13.6% |
|
|
|
|
2seventy bio * |
|
|
215 |
|
|
|
4 |
|
Abbott Laboratories |
|
|
27,119 |
|
|
|
3,210 |
|
AbbVie Inc |
|
|
25,124 |
|
|
|
4,073 |
|
ABIOMED Inc * |
|
|
332 |
|
|
|
110 |
|
Acadia Healthcare Co Inc * |
|
|
220 |
|
|
|
14 |
|
Accolade * |
|
|
956 |
|
|
|
17 |
|
AdaptHealth, Cl A * |
|
|
2,632 |
|
|
|
42 |
|
Adaptive Biotechnologies Corp * |
|
|
1,704 |
|
|
|
24 |
|
Adverum Biotechnologies Inc * |
|
|
85,190 |
|
|
|
112 |
|
Aerie Pharmaceuticals Inc * |
|
|
2,282 |
|
|
|
21 |
|
Agilent Technologies Inc |
|
|
7,874 |
|
|
|
1,042 |
|
Agios Pharmaceuticals Inc * |
|
|
1,062 |
|
|
|
31 |
|
Akebia Therapeutics Inc * |
|
|
1,063 |
|
|
|
1 |
|
Alector Inc * |
|
|
2,628 |
|
|
|
37 |
|
Align Technology Inc * |
|
|
691 |
|
|
|
301 |
|
Allakos Inc * |
|
|
378 |
|
|
|
2 |
|
Allogene Therapeutics Inc * |
|
|
1,838 |
|
|
|
17 |
|
Alnylam Pharmaceuticals Inc * |
|
|
1,202 |
|
|
|
196 |
|
Amedisys Inc * |
|
|
56 |
|
|
|
10 |
|
American Well, Cl A * |
|
|
10,093 |
|
|
|
42 |
|
AmerisourceBergen Corp, Cl A |
|
|
266 |
|
|
|
41 |
|
Amgen Inc |
|
|
9,045 |
|
|
|
2,187 |
|
Amicus Therapeutics Inc * |
|
|
5,193 |
|
|
|
49 |
|
AMN Healthcare Services Inc * |
|
|
832 |
|
|
|
87 |
|
Anika Therapeutics Inc * |
|
|
920 |
|
|
|
23 |
|
Anthem Inc |
|
|
2,728 |
|
|
|
1,340 |
|
Apellis Pharmaceuticals Inc * |
|
|
246 |
|
|
|
12 |
|
Apollo Medical Holdings Inc * |
|
|
2,152 |
|
|
|
104 |
|
Applied Molecular Transport * |
|
|
2,130 |
|
|
|
16 |
|
Arcturus Therapeutics Holdings * |
|
|
483 |
|
|
|
13 |
|
Arcus Biosciences Inc * |
|
|
2,371 |
|
|
|
75 |
|
Arrowhead Pharmaceuticals Inc * |
|
|
251 |
|
|
|
12 |
|
Arvinas Inc * |
|
|
1,298 |
|
|
|
87 |
|
Atara Biotherapeutics Inc * |
|
|
3,254 |
|
|
|
30 |
|
Atrion Corp |
|
|
71 |
|
|
|
51 |
|
Avanos Medical Inc * |
|
|
301 |
|
|
|
10 |
|
Avantor Inc * |
|
|
1,656 |
|
|
|
56 |
|
Axonics Inc * |
|
|
351 |
|
|
|
22 |
|
Axsome Therapeutics Inc * |
|
|
618 |
|
|
|
26 |
|
Azenta |
|
|
207 |
|
|
|
17 |
|
Baxter International Inc |
|
|
12,373 |
|
|
|
959 |
|
Becton Dickinson and Co |
|
|
4,437 |
|
|
|
1,180 |
|
BioCryst Pharmaceuticals Inc * |
|
|
5,296 |
|
|
|
86 |
|
Biogen Inc * |
|
|
2,874 |
|
|
|
605 |
|
Biohaven Pharmaceutical Holding Co Ltd * |
|
|
568 |
|
|
|
67 |
|
BioMarin Pharmaceutical Inc * |
|
|
1,042 |
|
|
|
80 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Bionano Genomics * |
|
|
6,993 |
|
|
$ |
18 |
|
Bio-Rad Laboratories Inc, Cl A * |
|
|
32 |
|
|
|
18 |
|
Bio-Techne Corp |
|
|
53 |
|
|
|
23 |
|
Bluebird Bio Inc * |
|
|
645 |
|
|
|
3 |
|
Boston Scientific Corp * |
|
|
16,399 |
|
|
|
726 |
|
Bridgebio Pharma Inc * |
|
|
241 |
|
|
|
2 |
|
Bristol-Myers Squibb Co |
|
|
38,732 |
|
|
|
2,829 |
|
Brookdale Senior Living Inc * |
|
|
7,397 |
|
|
|
52 |
|
Bruker Corp |
|
|
233 |
|
|
|
15 |
|
Cara Therapeutics Inc * |
|
|
2,942 |
|
|
|
36 |
|
Cardinal Health Inc |
|
|
2,213 |
|
|
|
125 |
|
CareDx * |
|
|
6,310 |
|
|
|
233 |
|
Cassava Sciences * |
|
|
614 |
|
|
|
23 |
|
Castle Biosciences * |
|
|
730 |
|
|
|
33 |
|
Catalent Inc * |
|
|
949 |
|
|
|
105 |
|
Catalyst Pharmaceuticals Inc * |
|
|
11,416 |
|
|
|
95 |
|
Centene Corp * |
|
|
4,805 |
|
|
|
405 |
|
Change Healthcare Inc * |
|
|
3,522 |
|
|
|
77 |
|
Charles River Laboratories International Inc * |
|
|
77 |
|
|
|
22 |
|
Chemed Corp |
|
|
114 |
|
|
|
58 |
|
ChemoCentryx Inc * |
|
|
2,278 |
|
|
|
57 |
|
Cigna Corp |
|
|
7,556 |
|
|
|
1,810 |
|
Cooper Cos Inc/The |
|
|
236 |
|
|
|
99 |
|
Corcept Therapeutics Inc * |
|
|
3,878 |
|
|
|
87 |
|
CorVel Corp * |
|
|
125 |
|
|
|
21 |
|
Covetrus Inc * |
|
|
1,045 |
|
|
|
18 |
|
Crinetics Pharmaceuticals Inc * |
|
|
2,310 |
|
|
|
51 |
|
CryoPort * |
|
|
871 |
|
|
|
30 |
|
Cue Biopharma Inc * |
|
|
2,087 |
|
|
|
10 |
|
CVS Health Corp |
|
|
28,143 |
|
|
|
2,848 |
|
Cytokinetics Inc * |
|
|
7,134 |
|
|
|
263 |
|
Danaher Corp |
|
|
7,191 |
|
|
|
2,109 |
|
DaVita Inc * |
|
|
160 |
|
|
|
18 |
|
Deciphera Pharmaceuticals Inc * |
|
|
716 |
|
|
|
7 |
|
Denali Therapeutics Inc * |
|
|
2,631 |
|
|
|
85 |
|
DENTSPLY SIRONA Inc |
|
|
3,113 |
|
|
|
153 |
|
Dexcom * |
|
|
847 |
|
|
|
433 |
|
Dynavax Technologies Corp * |
|
|
8,733 |
|
|
|
95 |
|
Eagle Pharmaceuticals Inc/DE * |
|
|
1,045 |
|
|
|
52 |
|
Editas Medicine Inc, Cl A * |
|
|
1,596 |
|
|
|
30 |
|
Edwards Lifesciences Corp * |
|
|
8,484 |
|
|
|
999 |
|
Elanco Animal Health Inc * |
|
|
398 |
|
|
|
10 |
|
Eli Lilly and Co |
|
|
11,234 |
|
|
|
3,217 |
|
Emergent BioSolutions Inc * |
|
|
950 |
|
|
|
39 |
|
Enanta Pharmaceuticals Inc * |
|
|
785 |
|
|
|
56 |
|
Encompass Health Corp |
|
|
164 |
|
|
|
12 |
|
Enovis * |
|
|
1,455 |
|
|
|
58 |
|
Envista Holdings Corp * |
|
|
317 |
|
|
|
15 |
|
Epizyme Inc * |
|
|
2,749 |
|
|
|
3 |
|
Esperion Therapeutics Inc * |
|
|
962 |
|
|
|
4 |
|
Exact Sciences Corp * |
|
|
930 |
|
|
|
65 |
|
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Exelixis Inc * |
|
|
4,344 |
|
|
$ |
98 |
|
Fate Therapeutics Inc * |
|
|
3,277 |
|
|
|
127 |
|
FibroGen Inc * |
|
|
1,053 |
|
|
|
13 |
|
Forte Biosciences * |
|
|
61,361 |
|
|
|
90 |
|
Fulgent Genetics * |
|
|
853 |
|
|
|
53 |
|
G1 Therapeutics Inc * |
|
|
1,715 |
|
|
|
13 |
|
Gilead Sciences Inc |
|
|
18,126 |
|
|
|
1,078 |
|
Glaukos Corp * |
|
|
167 |
|
|
|
10 |
|
Global Blood Therapeutics Inc * |
|
|
643 |
|
|
|
22 |
|
Globus Medical Inc, Cl A * |
|
|
179 |
|
|
|
13 |
|
Gossamer Bio Inc * |
|
|
3,279 |
|
|
|
28 |
|
Halozyme Therapeutics Inc * |
|
|
2,641 |
|
|
|
105 |
|
Hanger Inc * |
|
|
1,891 |
|
|
|
35 |
|
Harpoon Therapeutics Inc * |
|
|
720 |
|
|
|
4 |
|
HCA Healthcare Inc |
|
|
2,314 |
|
|
|
580 |
|
Health Catalyst Inc * |
|
|
1,594 |
|
|
|
42 |
|
HealthEquity Inc * |
|
|
673 |
|
|
|
45 |
|
Henry Schein Inc * |
|
|
2,612 |
|
|
|
228 |
|
Heron Therapeutics Inc * |
|
|
1,977 |
|
|
|
11 |
|
Heska Corp * |
|
|
69 |
|
|
|
10 |
|
Hologic Inc * |
|
|
927 |
|
|
|
71 |
|
Humana Inc |
|
|
1,059 |
|
|
|
461 |
|
ICU Medical Inc * |
|
|
62 |
|
|
|
14 |
|
IDEXX Laboratories Inc * |
|
|
707 |
|
|
|
387 |
|
IGM Biosciences * |
|
|
1,084 |
|
|
|
29 |
|
Illumina Inc * |
|
|
3,200 |
|
|
|
1,118 |
|
Inari Medical * |
|
|
419 |
|
|
|
38 |
|
Incyte Corp * |
|
|
1,063 |
|
|
|
84 |
|
Innoviva Inc * |
|
|
3,557 |
|
|
|
69 |
|
Inogen Inc * |
|
|
706 |
|
|
|
23 |
|
Inovio Pharmaceuticals Inc * |
|
|
2,095 |
|
|
|
8 |
|
Insmed Inc * |
|
|
2,129 |
|
|
|
50 |
|
Inspire Medical Systems Inc * |
|
|
110 |
|
|
|
28 |
|
Insulet Corp * |
|
|
65 |
|
|
|
17 |
|
Integer Holdings Corp * |
|
|
625 |
|
|
|
50 |
|
Integra LifeSciences Holdings Corp * |
|
|
188 |
|
|
|
12 |
|
Intellia Therapeutics * |
|
|
1,231 |
|
|
|
89 |
|
Intercept Pharmaceuticals Inc * |
|
|
417 |
|
|
|
7 |
|
Intra-Cellular Therapies Inc * |
|
|
3,894 |
|
|
|
238 |
|
Intuitive Surgical Inc * |
|
|
4,209 |
|
|
|
1,270 |
|
Invitae Corp * |
|
|
330 |
|
|
|
3 |
|
Ionis Pharmaceuticals Inc * |
|
|
782 |
|
|
|
29 |
|
Iovance Biotherapeutics Inc * |
|
|
8,304 |
|
|
|
138 |
|
IQVIA Holdings Inc * |
|
|
1,378 |
|
|
|
319 |
|
iRhythm Technologies * |
|
|
210 |
|
|
|
33 |
|
Ironwood Pharmaceuticals Inc, Cl A * |
|
|
3,844 |
|
|
|
48 |
|
Johnson & Johnson |
|
|
31,861 |
|
|
|
5,647 |
|
Kala Pharmaceuticals Inc * |
|
|
7,142 |
|
|
|
10 |
|
Karuna Therapeutics Inc * |
|
|
118 |
|
|
|
15 |
|
Karyopharm Therapeutics Inc * |
|
|
2,929 |
|
|
|
22 |
|
Kiniksa Pharmaceuticals Ltd, Cl A * |
|
|
4,016 |
|
|
|
40 |
|
Kodiak Sciences Inc * |
|
|
1,218 |
|
|
|
9 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Krystal Biotech Inc * |
|
|
823 |
|
|
$ |
55 |
|
Kura Oncology Inc * |
|
|
3,438 |
|
|
|
55 |
|
Laboratory Corp of America Holdings * |
|
|
515 |
|
|
|
136 |
|
Lantheus Holdings Inc * |
|
|
2,408 |
|
|
|
133 |
|
LHC Group Inc * |
|
|
57 |
|
|
|
10 |
|
Ligand Pharmaceuticals Inc * |
|
|
462 |
|
|
|
52 |
|
MacroGenics Inc * |
|
|
1,782 |
|
|
|
16 |
|
Madrigal Pharmaceuticals Inc * |
|
|
531 |
|
|
|
52 |
|
McKesson Corp |
|
|
856 |
|
|
|
262 |
|
MEDNAX Inc * |
|
|
417 |
|
|
|
10 |
|
MEI Pharma * |
|
|
16,528 |
|
|
|
10 |
|
Merck & Co Inc |
|
|
39,446 |
|
|
|
3,237 |
|
Meridian Bioscience Inc * |
|
|
5,130 |
|
|
|
133 |
|
Mettler-Toledo International Inc * |
|
|
1,016 |
|
|
|
1,395 |
|
Mirati Therapeutics Inc * |
|
|
429 |
|
|
|
35 |
|
Moderna Inc * |
|
|
4,368 |
|
|
|
752 |
|
Myriad Genetics Inc * |
|
|
1,860 |
|
|
|
47 |
|
Natera Inc * |
|
|
229 |
|
|
|
9 |
|
National Research Corp |
|
|
779 |
|
|
|
31 |
|
Natus Medical Inc * |
|
|
1,614 |
|
|
|
42 |
|
Nektar Therapeutics, Cl A * |
|
|
2,328 |
|
|
|
13 |
|
Neogen Corp * |
|
|
300 |
|
|
|
9 |
|
Neurocrine Biosciences Inc * |
|
|
1,089 |
|
|
|
102 |
|
Nevro Corp * |
|
|
83 |
|
|
|
6 |
|
NextGen Healthcare Inc * |
|
|
3,392 |
|
|
|
71 |
|
Novavax Inc * |
|
|
816 |
|
|
|
60 |
|
Novocure * |
|
|
224 |
|
|
|
19 |
|
Ontrak * |
|
|
751 |
|
|
|
2 |
|
Option Care Health Inc * |
|
|
648 |
|
|
|
18 |
|
OraSure Technologies Inc * |
|
|
6,042 |
|
|
|
41 |
|
Organon |
|
|
3,944 |
|
|
|
138 |
|
Pennant Group Inc/The * |
|
|
1,609 |
|
|
|
30 |
|
Penumbra Inc * |
|
|
72 |
|
|
|
16 |
|
PerkinElmer Inc |
|
|
120 |
|
|
|
21 |
|
Pfizer Inc |
|
|
73,662 |
|
|
|
3,813 |
|
Phreesia Inc * |
|
|
361 |
|
|
|
10 |
|
Premier Inc, Cl A |
|
|
2,266 |
|
|
|
81 |
|
Protagonist Therapeutics * |
|
|
1,083 |
|
|
|
26 |
|
PTC Therapeutics Inc * |
|
|
1,021 |
|
|
|
38 |
|
Puma Biotechnology Inc * |
|
|
5,574 |
|
|
|
16 |
|
QIAGEN NV * |
|
|
2,338 |
|
|
|
115 |
|
Quest Diagnostics Inc |
|
|
865 |
|
|
|
118 |
|
Reata Pharmaceuticals Inc, Cl A * |
|
|
537 |
|
|
|
18 |
|
Regeneron Pharmaceuticals Inc * |
|
|
1,105 |
|
|
|
772 |
|
Repligen Corp * |
|
|
553 |
|
|
|
104 |
|
ResMed Inc |
|
|
2,930 |
|
|
|
711 |
|
Revance Therapeutics Inc * |
|
|
3,056 |
|
|
|
60 |
|
Rhythm Pharmaceuticals Inc * |
|
|
687 |
|
|
|
8 |
|
Rocket Pharmaceuticals * |
|
|
932 |
|
|
|
15 |
|
Rubius Therapeutics Inc * |
|
|
3,679 |
|
|
|
20 |
|
Sage Therapeutics Inc * |
|
|
516 |
|
|
|
17 |
|
Sangamo Therapeutics Inc * |
|
|
1,002 |
|
|
|
6 |
|
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Sarepta Therapeutics Inc * |
|
|
87 |
|
|
$ |
7 |
|
Scholar Rock Holding Corp * |
|
|
2,520 |
|
|
|
32 |
|
Seagen Inc * |
|
|
750 |
|
|
|
108 |
|
Senseonics Holdings * |
|
|
13,850 |
|
|
|
27 |
|
Shockwave Medical Inc * |
|
|
2,006 |
|
|
|
416 |
|
Simulations Plus Inc |
|
|
1,477 |
|
|
|
75 |
|
Sorrento Therapeutics Inc * |
|
|
12,406 |
|
|
|
29 |
|
STAAR Surgical Co * |
|
|
193 |
|
|
|
15 |
|
Stryker Corp |
|
|
3,476 |
|
|
|
929 |
|
Supernus Pharmaceuticals Inc * |
|
|
2,174 |
|
|
|
70 |
|
Surmodics Inc * |
|
|
1,169 |
|
|
|
53 |
|
Syros Pharmaceuticals Inc * |
|
|
1,610 |
|
|
|
2 |
|
Tactile Systems Technology Inc * |
|
|
728 |
|
|
|
15 |
|
Tandem Diabetes Care Inc * |
|
|
144 |
|
|
|
17 |
|
Teladoc Health Inc * |
|
|
399 |
|
|
|
29 |
|
Teleflex Inc |
|
|
742 |
|
|
|
263 |
|
TG Therapeutics Inc * |
|
|
4,916 |
|
|
|
47 |
|
Theravance Biopharma Inc * |
|
|
2,200 |
|
|
|
21 |
|
Thermo Fisher Scientific Inc |
|
|
4,827 |
|
|
|
2,851 |
|
Travere Therapeutics * |
|
|
3,434 |
|
|
|
88 |
|
Turning Point Therapeutics Inc * |
|
|
828 |
|
|
|
22 |
|
Twist Bioscience Corp * |
|
|
606 |
|
|
|
30 |
|
Ultragenyx Pharmaceutical Inc * |
|
|
1,143 |
|
|
|
83 |
|
United Therapeutics Corp * |
|
|
559 |
|
|
|
100 |
|
UnitedHealth Group Inc |
|
|
11,332 |
|
|
|
5,779 |
|
Universal Health Services Inc, Cl B |
|
|
80 |
|
|
|
12 |
|
UroGen Pharma Ltd * |
|
|
1,543 |
|
|
|
13 |
|
US Physical Therapy Inc |
|
|
428 |
|
|
|
43 |
|
Utah Medical Products |
|
|
515 |
|
|
|
46 |
|
Varex Imaging Corp * |
|
|
1,631 |
|
|
|
35 |
|
VBI Vaccines Inc * |
|
|
14,663 |
|
|
|
24 |
|
Veeva Systems Inc, Cl A * |
|
|
1,157 |
|
|
|
246 |
|
Vericel * |
|
|
1,218 |
|
|
|
47 |
|
Vertex Pharmaceuticals Inc * |
|
|
3,305 |
|
|
|
862 |
|
Viatris Inc, Cl W * |
|
|
1,277 |
|
|
|
14 |
|
Viking Therapeutics Inc * |
|
|
6,150 |
|
|
|
18 |
|
Waters Corp * |
|
|
395 |
|
|
|
123 |
|
West Pharmaceutical Services Inc |
|
|
1,875 |
|
|
|
770 |
|
Y-mAbs Therapeutics * |
|
|
3,117 |
|
|
|
37 |
|
Zentalis Pharmaceuticals * |
|
|
2,422 |
|
|
|
112 |
|
Zimmer Biomet Holdings Inc |
|
|
3,501 |
|
|
|
448 |
|
Zimvie * |
|
|
350 |
|
|
|
8 |
|
Zoetis Inc, Cl A |
|
|
6,022 |
|
|
|
1,136 |
|
| |
|
|
|
|
|
|
75,242 |
|
Industrials — 7.6% |
|
|
|
|
3M Co |
|
|
10,841 |
|
|
|
1,614 |
|
A O Smith Corp |
|
|
1,708 |
|
|
|
109 |
|
AAON Inc |
|
|
192 |
|
|
|
11 |
|
AAR Corp * |
|
|
1,101 |
|
|
|
53 |
|
ABM Industries Inc |
|
|
1,349 |
|
|
|
62 |
|
ACCO Brands Corp |
|
|
5,214 |
|
|
|
42 |
|
Acuity Brands Inc |
|
|
84 |
|
|
|
16 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
ADT Inc |
|
|
6,039 |
|
|
$ |
46 |
|
AECOM |
|
|
6,633 |
|
|
|
509 |
|
AGCO Corp |
|
|
149 |
|
|
|
22 |
|
Air Lease Corp, Cl A |
|
|
1,053 |
|
|
|
47 |
|
Alamo Group Inc |
|
|
86 |
|
|
|
12 |
|
Alaska Air Group Inc * |
|
|
9,238 |
|
|
|
536 |
|
Allison Transmission Holdings Inc |
|
|
1,870 |
|
|
|
73 |
|
Altra Industrial Motion Corp |
|
|
260 |
|
|
|
10 |
|
AMERCO |
|
|
28 |
|
|
|
17 |
|
American Airlines Group Inc * |
|
|
405 |
|
|
|
7 |
|
American Woodmark Corp * |
|
|
461 |
|
|
|
23 |
|
AMETEK Inc |
|
|
1,369 |
|
|
|
182 |
|
Apogee Enterprises Inc |
|
|
1,229 |
|
|
|
58 |
|
Applied Industrial Technologies Inc |
|
|
745 |
|
|
|
76 |
|
ArcBest Corp |
|
|
336 |
|
|
|
27 |
|
Arcosa Inc |
|
|
1,128 |
|
|
|
65 |
|
Argan Inc |
|
|
1,315 |
|
|
|
53 |
|
Armstrong World Industries Inc |
|
|
161 |
|
|
|
14 |
|
ASGN Inc * |
|
|
146 |
|
|
|
17 |
|
Astec Industries Inc |
|
|
204 |
|
|
|
9 |
|
Astronics * |
|
|
3,653 |
|
|
|
47 |
|
Atkore * |
|
|
453 |
|
|
|
45 |
|
Avis Budget Group Inc * |
|
|
2,276 |
|
|
|
599 |
|
Axon Enterprise Inc * |
|
|
1,678 |
|
|
|
231 |
|
AZZ Inc |
|
|
1,071 |
|
|
|
52 |
|
Barnes Group Inc |
|
|
807 |
|
|
|
32 |
|
Blink Charging * |
|
|
1,491 |
|
|
|
39 |
|
Bloom Energy Corp, Cl A * |
|
|
4,597 |
|
|
|
111 |
|
Brady Corp, Cl A |
|
|
873 |
|
|
|
40 |
|
Brink's Co/The |
|
|
540 |
|
|
|
37 |
|
Byrna Technologies * |
|
|
4,887 |
|
|
|
40 |
|
Carlisle Cos Inc |
|
|
311 |
|
|
|
76 |
|
Carrier Global Corp |
|
|
6,184 |
|
|
|
284 |
|
CBIZ Inc * |
|
|
1,805 |
|
|
|
76 |
|
CH Robinson Worldwide Inc |
|
|
148 |
|
|
|
16 |
|
Chart Industries Inc * |
|
|
142 |
|
|
|
24 |
|
Cintas Corp |
|
|
1,907 |
|
|
|
811 |
|
CIRCOR International Inc * |
|
|
1,110 |
|
|
|
30 |
|
Clean Harbors Inc * |
|
|
137 |
|
|
|
15 |
|
Comfort Systems USA Inc |
|
|
988 |
|
|
|
88 |
|
Construction Partners Inc, Cl A * |
|
|
391 |
|
|
|
10 |
|
Copa Holdings SA, Cl A * |
|
|
469 |
|
|
|
39 |
|
Copart Inc * |
|
|
1,284 |
|
|
|
161 |
|
CoStar Group Inc * |
|
|
3,260 |
|
|
|
217 |
|
Crane Co |
|
|
135 |
|
|
|
15 |
|
CSW Industrials Inc |
|
|
116 |
|
|
|
14 |
|
CSX Corp |
|
|
29,082 |
|
|
|
1,089 |
|
Cummins Inc |
|
|
3,179 |
|
|
|
652 |
|
Curtiss-Wright Corp |
|
|
1,789 |
|
|
|
269 |
|
Deere & Co |
|
|
4,735 |
|
|
|
1,967 |
|
Delta Air Lines Inc * |
|
|
35,179 |
|
|
|
1,392 |
|
Deluxe Corp |
|
|
981 |
|
|
|
30 |
|
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Donaldson Co Inc |
|
|
202 |
|
|
$ |
10 |
|
Dover Corp |
|
|
383 |
|
|
|
60 |
|
Dycom Industries Inc * |
|
|
1,064 |
|
|
|
101 |
|
EMCOR Group Inc |
|
|
565 |
|
|
|
64 |
|
Emerson Electric Co |
|
|
6,592 |
|
|
|
646 |
|
Enerpac Tool Group, Cl A |
|
|
2,369 |
|
|
|
52 |
|
EnerSys |
|
|
664 |
|
|
|
50 |
|
EnPro Industries Inc |
|
|
738 |
|
|
|
72 |
|
Equifax Inc |
|
|
535 |
|
|
|
127 |
|
ESCO Technologies Inc |
|
|
568 |
|
|
|
40 |
|
Expeditors International of Washington Inc |
|
|
1,163 |
|
|
|
120 |
|
Exponent Inc |
|
|
135 |
|
|
|
15 |
|
Fastenal Co |
|
|
2,894 |
|
|
|
172 |
|
Federal Signal Corp |
|
|
1,560 |
|
|
|
53 |
|
FedEx Corp |
|
|
2,712 |
|
|
|
628 |
|
Flowserve Corp |
|
|
239 |
|
|
|
9 |
|
Fluor Corp * |
|
|
4,373 |
|
|
|
125 |
|
Forrester Research Inc * |
|
|
1,169 |
|
|
|
66 |
|
Fortune Brands Home & Security Inc |
|
|
174 |
|
|
|
13 |
|
Forward Air Corp |
|
|
144 |
|
|
|
14 |
|
Franklin Electric Co Inc |
|
|
180 |
|
|
|
15 |
|
FTI Consulting Inc * |
|
|
443 |
|
|
|
70 |
|
FuelCell Energy * |
|
|
8,509 |
|
|
|
49 |
|
Generac Holdings Inc * |
|
|
203 |
|
|
|
60 |
|
General Electric |
|
|
11,119 |
|
|
|
1,017 |
|
Gibraltar Industries Inc * |
|
|
164 |
|
|
|
7 |
|
Graco Inc |
|
|
223 |
|
|
|
16 |
|
GrafTech International Ltd |
|
|
954 |
|
|
|
9 |
|
Granite Construction Inc |
|
|
1,780 |
|
|
|
58 |
|
Great Lakes Dredge & Dock Corp * |
|
|
4,289 |
|
|
|
60 |
|
Greenbrier Cos Inc/The |
|
|
1,583 |
|
|
|
82 |
|
GXO Logistics * |
|
|
1,041 |
|
|
|
74 |
|
Hawaiian Holdings Inc * |
|
|
1,619 |
|
|
|
32 |
|
Healthcare Services Group Inc |
|
|
422 |
|
|
|
8 |
|
HEICO Corp |
|
|
4,351 |
|
|
|
668 |
|
HEICO Corp, Cl A |
|
|
3,200 |
|
|
|
406 |
|
Helios Technologies Inc |
|
|
1,091 |
|
|
|
88 |
|
Herc Holdings Inc |
|
|
1,012 |
|
|
|
169 |
|
Hexcel Corp |
|
|
29,387 |
|
|
|
1,748 |
|
Hillenbrand Inc |
|
|
300 |
|
|
|
13 |
|
HNI Corp |
|
|
1,268 |
|
|
|
47 |
|
Howmet Aerospace Inc |
|
|
7,379 |
|
|
|
265 |
|
Hubbell Inc, Cl B |
|
|
78 |
|
|
|
14 |
|
Hyliion Holdings * |
|
|
4,149 |
|
|
|
18 |
|
IAA Inc * |
|
|
253 |
|
|
|
10 |
|
ICF International Inc |
|
|
545 |
|
|
|
51 |
|
IDEX Corp |
|
|
68 |
|
|
|
13 |
|
Illinois Tool Works Inc |
|
|
10,063 |
|
|
|
2,107 |
|
Ingersoll Rand Inc |
|
|
355 |
|
|
|
18 |
|
Insperity Inc |
|
|
592 |
|
|
|
59 |
|
Interface Inc, Cl A |
|
|
2,949 |
|
|
|
40 |
|
ITT Inc |
|
|
1,404 |
|
|
|
106 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
JB Hunt Transport Services Inc |
|
|
437 |
|
|
$ |
88 |
|
JetBlue Airways Corp * |
|
|
837 |
|
|
|
13 |
|
John Bean Technologies Corp |
|
|
439 |
|
|
|
52 |
|
Kadant Inc |
|
|
475 |
|
|
|
92 |
|
Kaman Corp |
|
|
11,028 |
|
|
|
479 |
|
KAR Auction Services Inc * |
|
|
2,303 |
|
|
|
42 |
|
Kelly Services Inc, Cl A |
|
|
2,214 |
|
|
|
48 |
|
Kennametal Inc |
|
|
1,343 |
|
|
|
38 |
|
Kforce Inc |
|
|
444 |
|
|
|
33 |
|
Kimball International, Cl B |
|
|
4,936 |
|
|
|
42 |
|
Kirby Corp * |
|
|
1,032 |
|
|
|
75 |
|
Knight-Swift Transportation Holdings Inc, Cl A |
|
|
1,357 |
|
|
|
68 |
|
Korn Ferry |
|
|
1,193 |
|
|
|
77 |
|
Landstar System Inc |
|
|
83 |
|
|
|
13 |
|
Lennox International Inc |
|
|
44 |
|
|
|
11 |
|
Lincoln Electric Holdings Inc |
|
|
1,027 |
|
|
|
142 |
|
Lindsay Corp |
|
|
91 |
|
|
|
14 |
|
Lyft Inc, Cl A * |
|
|
240 |
|
|
|
9 |
|
ManpowerGroup Inc |
|
|
3,586 |
|
|
|
337 |
|
Marten Transport Ltd |
|
|
3,469 |
|
|
|
62 |
|
Masco Corp |
|
|
245 |
|
|
|
12 |
|
Matson Inc |
|
|
1,273 |
|
|
|
154 |
|
Maxar Technologies Inc |
|
|
10,873 |
|
|
|
429 |
|
McGrath RentCorp |
|
|
666 |
|
|
|
57 |
|
MDU Resources Group Inc |
|
|
386 |
|
|
|
10 |
|
Meritor Inc * |
|
|
2,088 |
|
|
|
74 |
|
Middleby Corp/The * |
|
|
103 |
|
|
|
17 |
|
MillerKnoll Inc |
|
|
2,900 |
|
|
|
100 |
|
MRC Global Inc * |
|
|
3,597 |
|
|
|
43 |
|
MSA Safety Inc |
|
|
392 |
|
|
|
52 |
|
MSC Industrial Direct Co Inc, Cl A |
|
|
1,115 |
|
|
|
95 |
|
Nordson Corp |
|
|
600 |
|
|
|
136 |
|
Norfolk Southern Corp |
|
|
2,628 |
|
|
|
750 |
|
NOW Inc * |
|
|
4,359 |
|
|
|
48 |
|
NV5 Global Inc * |
|
|
202 |
|
|
|
27 |
|
Old Dominion Freight Line Inc |
|
|
516 |
|
|
|
154 |
|
Omega Flex Inc |
|
|
70 |
|
|
|
9 |
|
Oshkosh Corp |
|
|
2,762 |
|
|
|
278 |
|
Otis Worldwide Corp |
|
|
2,457 |
|
|
|
189 |
|
Owens Corning |
|
|
4,958 |
|
|
|
454 |
|
PACCAR Inc |
|
|
1,403 |
|
|
|
124 |
|
Parker-Hannifin Corp |
|
|
1,231 |
|
|
|
349 |
|
Parsons Corp * |
|
|
1,198 |
|
|
|
46 |
|
Pitney Bowes Inc |
|
|
11,792 |
|
|
|
61 |
|
Plug Power Inc * |
|
|
4,368 |
|
|
|
125 |
|
Proto Labs Inc * |
|
|
91 |
|
|
|
5 |
|
Quanta Services Inc |
|
|
2,291 |
|
|
|
302 |
|
RBC Bearings Inc * |
|
|
64 |
|
|
|
12 |
|
Regal Rexnord |
|
|
1,068 |
|
|
|
159 |
|
Republic Services Inc, Cl A |
|
|
599 |
|
|
|
79 |
|
Resideo Technologies Inc * |
|
|
448 |
|
|
|
11 |
|
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Robert Half International Inc |
|
|
806 |
|
|
$ |
92 |
|
Rockwell Automation Inc |
|
|
1,620 |
|
|
|
454 |
|
Rollins Inc |
|
|
3,532 |
|
|
|
124 |
|
Roper Technologies Inc |
|
|
745 |
|
|
|
352 |
|
Ryder System Inc |
|
|
1,425 |
|
|
|
113 |
|
Saia Inc * |
|
|
96 |
|
|
|
23 |
|
Schneider National Inc, Cl B |
|
|
521 |
|
|
|
13 |
|
Shoals Technologies Group, Cl A * |
|
|
3,675 |
|
|
|
63 |
|
Shyft Group Inc/The |
|
|
429 |
|
|
|
15 |
|
Simpson Manufacturing Co Inc |
|
|
643 |
|
|
|
70 |
|
Snap-on Inc |
|
|
318 |
|
|
|
65 |
|
Southwest Airlines Co * |
|
|
2,055 |
|
|
|
94 |
|
SP Plus Corp * |
|
|
1,169 |
|
|
|
37 |
|
Spirit AeroSystems Holdings Inc, Cl A |
|
|
10,141 |
|
|
|
496 |
|
Spirit Airlines Inc * |
|
|
1,221 |
|
|
|
27 |
|
SPX Corp * |
|
|
999 |
|
|
|
49 |
|
SPX FLOW Inc |
|
|
203 |
|
|
|
18 |
|
Stanley Black & Decker Inc |
|
|
1,349 |
|
|
|
189 |
|
Steelcase Inc, Cl A |
|
|
2,620 |
|
|
|
31 |
|
Stericycle Inc * |
|
|
179 |
|
|
|
11 |
|
Sunrun Inc * |
|
|
1,979 |
|
|
|
60 |
|
Team * |
|
|
20,250 |
|
|
|
45 |
|
Tennant Co |
|
|
639 |
|
|
|
50 |
|
Terex Corp |
|
|
341 |
|
|
|
12 |
|
Tetra Tech Inc |
|
|
564 |
|
|
|
93 |
|
Timken Co/The |
|
|
204 |
|
|
|
12 |
|
Toro Co/The |
|
|
1,175 |
|
|
|
100 |
|
TPI Composites Inc * |
|
|
472 |
|
|
|
7 |
|
TransUnion |
|
|
135 |
|
|
|
14 |
|
Trex Co Inc * |
|
|
1,134 |
|
|
|
74 |
|
Trinity Industries Inc |
|
|
511 |
|
|
|
18 |
|
Triton International |
|
|
827 |
|
|
|
58 |
|
Triumph Group Inc * |
|
|
1,853 |
|
|
|
47 |
|
TrueBlue Inc * |
|
|
2,106 |
|
|
|
61 |
|
Uber Technologies Inc * |
|
|
15,289 |
|
|
|
546 |
|
UFP Industries Inc |
|
|
196 |
|
|
|
15 |
|
UniFirst Corp/MA |
|
|
235 |
|
|
|
43 |
|
Union Pacific Corp |
|
|
7,120 |
|
|
|
1,945 |
|
United Airlines Holdings Inc * |
|
|
289 |
|
|
|
13 |
|
United Parcel Service Inc, Cl B |
|
|
9,195 |
|
|
|
1,972 |
|
United Rentals Inc * |
|
|
1,692 |
|
|
|
601 |
|
Univar Solutions Inc * |
|
|
476 |
|
|
|
15 |
|
US Ecology Inc * |
|
|
900 |
|
|
|
43 |
|
Valmont Industries Inc |
|
|
76 |
|
|
|
18 |
|
Verisk Analytics Inc, Cl A |
|
|
1,729 |
|
|
|
371 |
|
Virgin Galactic Holdings Inc * |
|
|
6,746 |
|
|
|
67 |
|
Wabash National Corp |
|
|
3,217 |
|
|
|
48 |
|
Waste Management Inc |
|
|
6,467 |
|
|
|
1,025 |
|
Watsco Inc |
|
|
52 |
|
|
|
16 |
|
Watts Water Technologies Inc, Cl A |
|
|
507 |
|
|
|
71 |
|
Welbilt Inc * |
|
|
3,137 |
|
|
|
75 |
|
WESCO International Inc * |
|
|
3,661 |
|
|
|
476 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Westinghouse Air Brake Technologies Corp |
|
|
465 |
|
|
$ |
45 |
|
WillScot Mobile Mini Holdings Corp, Cl A * |
|
|
590 |
|
|
|
23 |
|
Woodward Inc |
|
|
139 |
|
|
|
17 |
|
WW Grainger Inc |
|
|
3,615 |
|
|
|
1,865 |
|
XPO Logistics Inc * |
|
|
1,041 |
|
|
|
76 |
|
Xylem Inc/NY |
|
|
13,846 |
|
|
|
1,181 |
|
| |
|
|
|
|
|
|
41,742 |
|
Information Technology — 27.9% |
|
|
|
|
8x8 Inc * |
|
|
2,725 |
|
|
|
34 |
|
ACI Worldwide Inc * |
|
|
1,373 |
|
|
|
43 |
|
Adobe Inc * |
|
|
8,356 |
|
|
|
3,807 |
|
ADTRAN Inc |
|
|
979 |
|
|
|
18 |
|
Advanced Energy Industries Inc |
|
|
725 |
|
|
|
62 |
|
Advanced Micro Devices Inc * |
|
|
18,853 |
|
|
|
2,061 |
|
Agilysys Inc * |
|
|
323 |
|
|
|
13 |
|
Akamai Technologies Inc * |
|
|
7,949 |
|
|
|
949 |
|
Akoustis Technologies Inc * |
|
|
2,669 |
|
|
|
17 |
|
Alarm.com Holdings Inc * |
|
|
1,192 |
|
|
|
79 |
|
Altair Engineering Inc, Cl A * |
|
|
269 |
|
|
|
17 |
|
Alteryx Inc, Cl A * |
|
|
635 |
|
|
|
45 |
|
Ambarella Inc * |
|
|
160 |
|
|
|
17 |
|
Amdocs Ltd |
|
|
3,632 |
|
|
|
299 |
|
Amkor Technology Inc |
|
|
3,864 |
|
|
|
84 |
|
Amphenol Corp, Cl A |
|
|
4,016 |
|
|
|
303 |
|
Analog Devices Inc |
|
|
5,627 |
|
|
|
929 |
|
Anaplan Inc * |
|
|
217 |
|
|
|
14 |
|
ANSYS Inc * |
|
|
683 |
|
|
|
217 |
|
Appian Corp, Cl A * |
|
|
1,246 |
|
|
|
76 |
|
Apple Inc |
|
|
196,997 |
|
|
|
34,398 |
|
Applied Materials Inc |
|
|
10,761 |
|
|
|
1,418 |
|
Arista Networks Inc * |
|
|
3,072 |
|
|
|
427 |
|
Arrow Electronics Inc * |
|
|
2,550 |
|
|
|
303 |
|
Aspen Technology Inc * |
|
|
413 |
|
|
|
68 |
|
Autodesk Inc * |
|
|
3,559 |
|
|
|
763 |
|
Automatic Data Processing Inc |
|
|
11,979 |
|
|
|
2,726 |
|
Avaya Holdings Corp * |
|
|
4,140 |
|
|
|
52 |
|
Avnet Inc |
|
|
325 |
|
|
|
13 |
|
Axcelis Technologies Inc * |
|
|
2,104 |
|
|
|
159 |
|
Badger Meter Inc |
|
|
775 |
|
|
|
77 |
|
Belden Inc |
|
|
900 |
|
|
|
50 |
|
Benchmark Electronics Inc |
|
|
1,447 |
|
|
|
36 |
|
Bill.com Holdings Inc * |
|
|
1,644 |
|
|
|
373 |
|
Black Knight Inc * |
|
|
1,569 |
|
|
|
91 |
|
Blackbaud Inc * |
|
|
629 |
|
|
|
38 |
|
Blackline Inc * |
|
|
185 |
|
|
|
14 |
|
Block, Cl A * |
|
|
4,127 |
|
|
|
560 |
|
Bottomline Technologies DE Inc * |
|
|
943 |
|
|
|
53 |
|
Box Inc, Cl A * |
|
|
539 |
|
|
|
16 |
|
Bread Financial Holdings |
|
|
1,335 |
|
|
|
75 |
|
Broadcom Inc |
|
|
4,607 |
|
|
|
2,901 |
|
Broadridge Financial Solutions Inc |
|
|
720 |
|
|
|
112 |
|
Cadence Design Systems Inc * |
|
|
2,046 |
|
|
|
336 |
|
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Cass Information Systems Inc |
|
|
865 |
|
|
$ |
32 |
|
CDK Global Inc |
|
|
1,636 |
|
|
|
80 |
|
CDW Corp/DE |
|
|
806 |
|
|
|
144 |
|
Cerence Inc * |
|
|
493 |
|
|
|
18 |
|
Ceridian HCM Holding Inc * |
|
|
792 |
|
|
|
54 |
|
Ciena Corp * |
|
|
1,223 |
|
|
|
74 |
|
Cirrus Logic Inc * |
|
|
640 |
|
|
|
54 |
|
Cisco Systems Inc |
|
|
64,863 |
|
|
|
3,617 |
|
Citrix Systems Inc |
|
|
100 |
|
|
|
10 |
|
Cloudflare, Cl A * |
|
|
1,522 |
|
|
|
182 |
|
CMC Materials |
|
|
373 |
|
|
|
69 |
|
Cognex Corp |
|
|
203 |
|
|
|
16 |
|
Cognizant Technology Solutions Corp, Cl A |
|
|
8,315 |
|
|
|
746 |
|
Coherent Inc * |
|
|
626 |
|
|
|
171 |
|
Cohu Inc * |
|
|
2,351 |
|
|
|
70 |
|
CommScope Holding Co Inc * |
|
|
7,086 |
|
|
|
56 |
|
CommVault Systems Inc * |
|
|
219 |
|
|
|
15 |
|
Consensus Cloud Solutions * |
|
|
180 |
|
|
|
11 |
|
Corning Inc |
|
|
6,104 |
|
|
|
225 |
|
Coupa Software Inc * |
|
|
970 |
|
|
|
99 |
|
Crowdstrike Holdings Inc, Cl A * |
|
|
1,523 |
|
|
|
346 |
|
CSG Systems International Inc |
|
|
965 |
|
|
|
61 |
|
CTS Corp |
|
|
1,735 |
|
|
|
61 |
|
Datadog Inc, Cl A * |
|
|
1,589 |
|
|
|
241 |
|
Dell Technologies Inc, Cl C |
|
|
4,108 |
|
|
|
206 |
|
Diebold Nixdorf Inc * |
|
|
4,695 |
|
|
|
32 |
|
Digital Turbine Inc * |
|
|
4,674 |
|
|
|
205 |
|
DocuSign Inc, Cl A * |
|
|
1,618 |
|
|
|
173 |
|
Dolby Laboratories Inc, Cl A |
|
|
731 |
|
|
|
57 |
|
Domo Inc, Cl B * |
|
|
297 |
|
|
|
15 |
|
Dropbox Inc, Cl A * |
|
|
2,914 |
|
|
|
68 |
|
Dynatrace Inc * |
|
|
465 |
|
|
|
22 |
|
Ebix Inc |
|
|
299 |
|
|
|
10 |
|
Elastic NV * |
|
|
183 |
|
|
|
16 |
|
Enphase Energy Inc * |
|
|
2,963 |
|
|
|
598 |
|
Entegris Inc |
|
|
980 |
|
|
|
129 |
|
Envestnet Inc * |
|
|
717 |
|
|
|
53 |
|
EPAM Systems Inc * |
|
|
1,434 |
|
|
|
425 |
|
Euronet Worldwide Inc * |
|
|
74 |
|
|
|
10 |
|
Everbridge Inc * |
|
|
1,814 |
|
|
|
79 |
|
EVERTEC Inc |
|
|
1,569 |
|
|
|
64 |
|
ExlService Holdings Inc * |
|
|
136 |
|
|
|
19 |
|
Extreme Networks Inc * |
|
|
6,878 |
|
|
|
84 |
|
F5 Networks Inc * |
|
|
578 |
|
|
|
121 |
|
Fair Isaac Corp * |
|
|
299 |
|
|
|
139 |
|
Fastly Inc, Cl A * |
|
|
905 |
|
|
|
16 |
|
Fidelity National Information Services Inc |
|
|
7,874 |
|
|
|
791 |
|
First Solar Inc * |
|
|
3,538 |
|
|
|
296 |
|
Fiserv Inc * |
|
|
5,664 |
|
|
|
574 |
|
Five9 Inc * |
|
|
93 |
|
|
|
10 |
|
FleetCor Technologies Inc * |
|
|
277 |
|
|
|
69 |
|
FormFactor Inc * |
|
|
353 |
|
|
|
15 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Fortinet Inc * |
|
|
907 |
|
|
$ |
310 |
|
Gartner * |
|
|
159 |
|
|
|
47 |
|
Genpact Ltd |
|
|
6,870 |
|
|
|
299 |
|
Global Payments Inc |
|
|
2,965 |
|
|
|
406 |
|
Globant SA * |
|
|
271 |
|
|
|
71 |
|
GoDaddy Inc, Cl A * |
|
|
1,102 |
|
|
|
92 |
|
Guidewire Software Inc * |
|
|
109 |
|
|
|
10 |
|
Hackett Group Inc/The |
|
|
3,129 |
|
|
|
72 |
|
HubSpot Inc * |
|
|
322 |
|
|
|
153 |
|
Ichor Holdings Ltd * |
|
|
486 |
|
|
|
17 |
|
II-VI Inc * |
|
|
224 |
|
|
|
16 |
|
Infinera Corp * |
|
|
6,579 |
|
|
|
57 |
|
Inseego Corp * |
|
|
7,132 |
|
|
|
29 |
|
Insight Enterprises Inc * |
|
|
132 |
|
|
|
14 |
|
Intel Corp |
|
|
53,557 |
|
|
|
2,654 |
|
Intelligent Systems Corp * |
|
|
1,128 |
|
|
|
31 |
|
InterDigital Inc |
|
|
917 |
|
|
|
59 |
|
International Business Machines Corp |
|
|
13,123 |
|
|
|
1,706 |
|
Intuit Inc |
|
|
3,714 |
|
|
|
1,786 |
|
IPG Photonics Corp * |
|
|
558 |
|
|
|
61 |
|
Itron Inc * |
|
|
588 |
|
|
|
31 |
|
Jabil Inc |
|
|
6,948 |
|
|
|
429 |
|
Jack Henry & Associates Inc |
|
|
636 |
|
|
|
125 |
|
Juniper Networks Inc |
|
|
7,826 |
|
|
|
291 |
|
Keysight Technologies Inc * |
|
|
10,325 |
|
|
|
1,631 |
|
KLA Corp |
|
|
1,904 |
|
|
|
697 |
|
Knowles Corp * |
|
|
2,314 |
|
|
|
50 |
|
Kulicke & Soffa Industries |
|
|
764 |
|
|
|
43 |
|
Kyndryl Holdings * |
|
|
2,624 |
|
|
|
34 |
|
Lam Research Corp |
|
|
3,493 |
|
|
|
1,878 |
|
Lattice Semiconductor Corp * |
|
|
369 |
|
|
|
23 |
|
Littelfuse Inc |
|
|
60 |
|
|
|
15 |
|
Lumentum Holdings Inc * |
|
|
660 |
|
|
|
64 |
|
Mandiant * |
|
|
5,502 |
|
|
|
123 |
|
Manhattan Associates Inc * |
|
|
1,278 |
|
|
|
177 |
|
Marathon Digital Holdings * |
|
|
3,468 |
|
|
|
97 |
|
Marvell Technology |
|
|
7,143 |
|
|
|
512 |
|
Mastercard Inc, Cl A |
|
|
12,101 |
|
|
|
4,325 |
|
Maximus |
|
|
682 |
|
|
|
51 |
|
Microchip Technology Inc |
|
|
3,873 |
|
|
|
291 |
|
Micron Technology Inc |
|
|
11,221 |
|
|
|
874 |
|
Microsoft Corp |
|
|
99,587 |
|
|
|
30,704 |
|
MicroStrategy Inc, Cl A * |
|
|
69 |
|
|
|
34 |
|
MicroVision * |
|
|
2,858 |
|
|
|
13 |
|
MKS Instruments Inc |
|
|
103 |
|
|
|
15 |
|
MongoDB Inc, Cl A * |
|
|
574 |
|
|
|
255 |
|
Monolithic Power Systems Inc |
|
|
64 |
|
|
|
31 |
|
N-Able * |
|
|
317 |
|
|
|
3 |
|
National Instruments Corp |
|
|
2,353 |
|
|
|
96 |
|
NCR Corp * |
|
|
334 |
|
|
|
13 |
|
NetApp Inc |
|
|
2,936 |
|
|
|
244 |
|
NetScout Systems Inc * |
|
|
2,073 |
|
|
|
67 |
|
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
NortonLifeLock Inc |
|
|
13,065 |
|
|
$ |
347 |
|
Novanta Inc * |
|
|
98 |
|
|
|
14 |
|
Nutanix Inc, Cl A * |
|
|
359 |
|
|
|
10 |
|
NVIDIA Corp |
|
|
35,018 |
|
|
|
9,555 |
|
NXP Semiconductors NV |
|
|
2,171 |
|
|
|
402 |
|
Okta Inc, Cl A * |
|
|
812 |
|
|
|
123 |
|
ON Semiconductor Corp * |
|
|
9,649 |
|
|
|
604 |
|
Oracle Corp |
|
|
24,339 |
|
|
|
2,014 |
|
OSI Systems Inc * |
|
|
497 |
|
|
|
42 |
|
PagerDuty Inc * |
|
|
1,821 |
|
|
|
62 |
|
Palantir Technologies, Cl A * |
|
|
12,031 |
|
|
|
165 |
|
Palo Alto Networks Inc * |
|
|
675 |
|
|
|
420 |
|
Paychex Inc |
|
|
2,612 |
|
|
|
356 |
|
Paycom Software Inc * |
|
|
194 |
|
|
|
67 |
|
Paylocity Holding Corp * |
|
|
417 |
|
|
|
86 |
|
PayPal Holdings Inc * |
|
|
16,718 |
|
|
|
1,933 |
|
Pegasystems Inc |
|
|
150 |
|
|
|
12 |
|
Perficient Inc * |
|
|
1,142 |
|
|
|
126 |
|
Photronics Inc * |
|
|
3,197 |
|
|
|
54 |
|
Plantronics Inc * |
|
|
1,930 |
|
|
|
76 |
|
Power Integrations Inc |
|
|
196 |
|
|
|
18 |
|
Priority Technology Holdings * |
|
|
10,659 |
|
|
|
61 |
|
Progress Software Corp |
|
|
1,206 |
|
|
|
57 |
|
PROS Holdings Inc * |
|
|
818 |
|
|
|
27 |
|
PTC Inc * |
|
|
677 |
|
|
|
73 |
|
Pure Storage Inc, Cl A * |
|
|
685 |
|
|
|
24 |
|
Qorvo Inc * |
|
|
100 |
|
|
|
12 |
|
QUALCOMM Inc |
|
|
17,833 |
|
|
|
2,725 |
|
Qualys Inc * |
|
|
591 |
|
|
|
84 |
|
Rambus Inc * |
|
|
3,633 |
|
|
|
116 |
|
Rapid7 Inc * |
|
|
393 |
|
|
|
44 |
|
RingCentral Inc, Cl A * |
|
|
699 |
|
|
|
82 |
|
Riot Blockchain * |
|
|
3,379 |
|
|
|
72 |
|
Rogers Corp * |
|
|
392 |
|
|
|
107 |
|
Sabre Corp * |
|
|
506 |
|
|
|
6 |
|
Salesforce * |
|
|
16,945 |
|
|
|
3,598 |
|
Sanmina Corp * |
|
|
1,459 |
|
|
|
59 |
|
ScanSource Inc * |
|
|
1,292 |
|
|
|
45 |
|
Semtech Corp * |
|
|
1,000 |
|
|
|
69 |
|
ServiceNow Inc * |
|
|
2,243 |
|
|
|
1,249 |
|
Silicon Laboratories Inc * |
|
|
437 |
|
|
|
66 |
|
Skyworks Solutions Inc |
|
|
308 |
|
|
|
41 |
|
Smartsheet Inc, Cl A * |
|
|
266 |
|
|
|
15 |
|
Snowflake, Cl A * |
|
|
1,742 |
|
|
|
399 |
|
SolarWinds |
|
|
317 |
|
|
|
4 |
|
Splunk Inc * |
|
|
1,357 |
|
|
|
202 |
|
Sprout Social, Cl A * |
|
|
832 |
|
|
|
67 |
|
SPS Commerce Inc * |
|
|
152 |
|
|
|
20 |
|
Switch Inc, Cl A |
|
|
779 |
|
|
|
24 |
|
Synaptics Inc * |
|
|
142 |
|
|
|
28 |
|
SYNNEX Corp |
|
|
387 |
|
|
|
40 |
|
Synopsys Inc * |
|
|
1,083 |
|
|
|
361 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
TD SYNNEX Corp |
|
|
387 |
|
|
$ |
64 |
|
Teledyne Technologies Inc * |
|
|
997 |
|
|
|
471 |
|
Teradata Corp * |
|
|
4,437 |
|
|
|
219 |
|
Teradyne Inc |
|
|
4,784 |
|
|
|
566 |
|
Texas Instruments Inc |
|
|
10,356 |
|
|
|
1,900 |
|
Trade Desk Inc/The, Cl A * |
|
|
8,290 |
|
|
|
574 |
|
Trimble Inc * |
|
|
2,035 |
|
|
|
147 |
|
TTEC Holdings Inc |
|
|
202 |
|
|
|
17 |
|
Tucows Inc, Cl A * |
|
|
170 |
|
|
|
12 |
|
Twilio Inc, Cl A * |
|
|
2,168 |
|
|
|
357 |
|
Tyler Technologies Inc * |
|
|
393 |
|
|
|
175 |
|
Ubiquiti Inc |
|
|
48 |
|
|
|
14 |
|
Unisys Corp * |
|
|
689 |
|
|
|
15 |
|
Universal Display Corp |
|
|
1,320 |
|
|
|
220 |
|
Upland Software Inc * |
|
|
255 |
|
|
|
4 |
|
Varonis Systems Inc, Cl B * |
|
|
327 |
|
|
|
16 |
|
Verint Systems Inc * |
|
|
947 |
|
|
|
49 |
|
VeriSign Inc * |
|
|
802 |
|
|
|
178 |
|
Verra Mobility Corp, Cl A * |
|
|
3,479 |
|
|
|
57 |
|
ViaSat Inc * |
|
|
693 |
|
|
|
34 |
|
Viavi Solutions Inc * |
|
|
3,355 |
|
|
|
54 |
|
Visa Inc, Cl A |
|
|
21,213 |
|
|
|
4,704 |
|
VMware Inc, Cl A |
|
|
3,153 |
|
|
|
359 |
|
Western Digital Corp * |
|
|
2,423 |
|
|
|
120 |
|
Western Union Co/The |
|
|
425 |
|
|
|
8 |
|
WEX Inc * |
|
|
55 |
|
|
|
10 |
|
Wix.com * |
|
|
342 |
|
|
|
36 |
|
Wolfspeed * |
|
|
248 |
|
|
|
28 |
|
Workday Inc, Cl A * |
|
|
2,079 |
|
|
|
498 |
|
Workiva Inc, Cl A * |
|
|
1,224 |
|
|
|
144 |
|
Xerox Holdings Corp |
|
|
4,697 |
|
|
|
95 |
|
Xperi Holding Corp |
|
|
2,351 |
|
|
|
41 |
|
Zebra Technologies Corp, Cl A * |
|
|
438 |
|
|
|
181 |
|
Zendesk Inc * |
|
|
152 |
|
|
|
18 |
|
Zoom Video Communications Inc, Cl A * |
|
|
2,001 |
|
|
|
235 |
|
Zscaler Inc * |
|
|
786 |
|
|
|
190 |
|
Zuora Inc, Cl A * |
|
|
3,498 |
|
|
|
52 |
|
| |
|
|
|
|
|
|
154,142 |
|
Materials — 2.9% |
|
|
|
|
AdvanSix |
|
|
1,143 |
|
|
|
58 |
|
Air Products and Chemicals Inc |
|
|
4,688 |
|
|
|
1,172 |
|
Albemarle Corp |
|
|
384 |
|
|
|
85 |
|
Alcoa Corp |
|
|
5,657 |
|
|
|
509 |
|
Allegheny Technologies Inc * |
|
|
2,362 |
|
|
|
63 |
|
AptarGroup Inc |
|
|
1,944 |
|
|
|
228 |
|
Arconic Corp * |
|
|
1,844 |
|
|
|
47 |
|
Ashland Global Holdings Inc |
|
|
152 |
|
|
|
15 |
|
Avery Dennison Corp |
|
|
88 |
|
|
|
15 |
|
Axalta Coating Systems Ltd * |
|
|
7,963 |
|
|
|
196 |
|
Balchem Corp |
|
|
107 |
|
|
|
15 |
|
Ball Corp |
|
|
14,154 |
|
|
|
1,274 |
|
Berry Global Group Inc * |
|
|
4,123 |
|
|
|
239 |
|
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Cabot Corp |
|
|
238 |
|
|
$ |
16 |
|
Carpenter Technology Corp |
|
|
1,006 |
|
|
|
42 |
|
Celanese Corp, Cl A |
|
|
93 |
|
|
|
13 |
|
CF Industries Holdings Inc |
|
|
1,066 |
|
|
|
110 |
|
Chemours Co/The |
|
|
2,832 |
|
|
|
89 |
|
Cleveland-Cliffs Inc * |
|
|
11,888 |
|
|
|
383 |
|
Coeur Mining Inc * |
|
|
6,945 |
|
|
|
31 |
|
Compass Minerals International Inc |
|
|
851 |
|
|
|
53 |
|
Corteva Inc |
|
|
3,856 |
|
|
|
222 |
|
Crown Holdings Inc |
|
|
6,925 |
|
|
|
866 |
|
Dow Inc |
|
|
6,392 |
|
|
|
407 |
|
DuPont de Nemours Inc |
|
|
3,212 |
|
|
|
236 |
|
Eagle Materials Inc |
|
|
126 |
|
|
|
16 |
|
Eastman Chemical Co |
|
|
9,101 |
|
|
|
1,020 |
|
Ecolab Inc |
|
|
2,293 |
|
|
|
405 |
|
FMC Corp |
|
|
2,400 |
|
|
|
316 |
|
Freeport-McMoRan Inc |
|
|
27,003 |
|
|
|
1,343 |
|
Graphic Packaging Holding Co |
|
|
681 |
|
|
|
14 |
|
Greif, Cl B |
|
|
839 |
|
|
|
54 |
|
Greif Inc, Cl A |
|
|
1,122 |
|
|
|
73 |
|
HB Fuller Co |
|
|
976 |
|
|
|
64 |
|
Huntsman Corp |
|
|
475 |
|
|
|
18 |
|
Ingevity Corp * |
|
|
563 |
|
|
|
36 |
|
Innospec Inc |
|
|
499 |
|
|
|
46 |
|
International Flavors & Fragrances Inc |
|
|
2,307 |
|
|
|
303 |
|
International Paper Co |
|
|
360 |
|
|
|
17 |
|
Livent Corp * |
|
|
5,807 |
|
|
|
151 |
|
Louisiana-Pacific Corp |
|
|
1,740 |
|
|
|
108 |
|
LyondellBasell Industries NV, Cl A |
|
|
2,182 |
|
|
|
224 |
|
Martin Marietta Materials Inc |
|
|
397 |
|
|
|
153 |
|
Minerals Technologies Inc |
|
|
182 |
|
|
|
12 |
|
Mosaic Co/The |
|
|
3,590 |
|
|
|
239 |
|
Neenah Inc |
|
|
693 |
|
|
|
28 |
|
Newmont Corp |
|
|
21,956 |
|
|
|
1,744 |
|
Novagold Resources Inc * |
|
|
1,266 |
|
|
|
10 |
|
Nucor Corp |
|
|
1,510 |
|
|
|
224 |
|
Packaging Corp of America |
|
|
101 |
|
|
|
16 |
|
PPG Industries Inc |
|
|
2,274 |
|
|
|
298 |
|
Quaker Chemical Corp |
|
|
55 |
|
|
|
10 |
|
Reliance Steel & Aluminum Co |
|
|
412 |
|
|
|
76 |
|
Royal Gold Inc |
|
|
512 |
|
|
|
72 |
|
Scotts Miracle-Gro Co/The |
|
|
163 |
|
|
|
20 |
|
Sealed Air Corp |
|
|
293 |
|
|
|
20 |
|
Sensient Technologies Corp |
|
|
161 |
|
|
|
14 |
|
Sherwin-Williams Co/The |
|
|
4,705 |
|
|
|
1,174 |
|
Sonoco Products Co |
|
|
185 |
|
|
|
12 |
|
Southern Copper Corp |
|
|
272 |
|
|
|
21 |
|
Steel Dynamics Inc |
|
|
2,648 |
|
|
|
221 |
|
Stepan Co |
|
|
138 |
|
|
|
14 |
|
Summit Materials Inc, Cl A * |
|
|
440 |
|
|
|
14 |
|
Sylvamo * |
|
|
32 |
|
|
|
1 |
|
TriMas Corp |
|
|
1,583 |
|
|
|
51 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Trinseo |
|
|
1,345 |
|
|
$ |
64 |
|
United States Lime & Minerals Inc |
|
|
98 |
|
|
|
11 |
|
United States Steel Corp |
|
|
3,709 |
|
|
|
140 |
|
Valvoline Inc |
|
|
11,216 |
|
|
|
354 |
|
Vulcan Materials Co |
|
|
665 |
|
|
|
122 |
|
Warrior Met Coal Inc |
|
|
2,378 |
|
|
|
88 |
|
Westlake |
|
|
137 |
|
|
|
17 |
|
Westrock Co |
|
|
3,989 |
|
|
|
188 |
|
Worthington Industries Inc |
|
|
1,149 |
|
|
|
59 |
|
| |
|
|
|
|
|
|
16,079 |
|
Real Estate — 3.7% |
|
|
|
|
Acadia Realty Trust ‡ |
|
|
1,946 |
|
|
|
42 |
|
Agree Realty Corp ‡ |
|
|
736 |
|
|
|
49 |
|
Alexander & Baldwin Inc ‡ |
|
|
2,342 |
|
|
|
54 |
|
Alexandria Real Estate Equities Inc ‡ |
|
|
1,497 |
|
|
|
301 |
|
American Campus Communities Inc ‡ |
|
|
252 |
|
|
|
14 |
|
American Homes 4 Rent, Cl A ‡ |
|
|
375 |
|
|
|
15 |
|
American Tower Corp, Cl A ‡ |
|
|
5,189 |
|
|
|
1,304 |
|
Apartment Income ‡ |
|
|
304 |
|
|
|
16 |
|
Apartment Investment and Management, Cl A ‡ |
|
|
1,711 |
|
|
|
13 |
|
Apple Hospitality Inc ‡ |
|
|
718 |
|
|
|
13 |
|
AvalonBay Communities Inc ‡ |
|
|
3,261 |
|
|
|
810 |
|
Boston Properties Inc ‡ |
|
|
1,468 |
|
|
|
189 |
|
Brandywine Realty Trust ‡ |
|
|
14,492 |
|
|
|
205 |
|
Brixmor Property Group Inc ‡ |
|
|
4,703 |
|
|
|
121 |
|
Camden Property Trust ‡ |
|
|
125 |
|
|
|
21 |
|
CareTrust Inc ‡ |
|
|
2,438 |
|
|
|
47 |
|
CBRE Group Inc, Cl A * |
|
|
19,071 |
|
|
|
1,745 |
|
Community Healthcare Trust Inc ‡ |
|
|
1,136 |
|
|
|
48 |
|
Corporate Office Properties Trust ‡ |
|
|
7,752 |
|
|
|
221 |
|
Cousins Properties Inc ‡ |
|
|
289 |
|
|
|
12 |
|
Crown Castle International Corp ‡ |
|
|
4,174 |
|
|
|
771 |
|
CubeSmart ‡ |
|
|
377 |
|
|
|
20 |
|
DiamondRock Hospitality Co *‡ |
|
|
4,575 |
|
|
|
46 |
|
Digital Realty Trust Inc ‡ |
|
|
2,674 |
|
|
|
379 |
|
Diversified Healthcare Trust ‡ |
|
|
6,702 |
|
|
|
21 |
|
Douglas Emmett Inc ‡ |
|
|
448 |
|
|
|
15 |
|
Duke Realty Corp ‡ |
|
|
2,798 |
|
|
|
162 |
|
Empire State Realty Trust Inc, Cl A ‡ |
|
|
5,592 |
|
|
|
55 |
|
EPR Properties ‡ |
|
|
735 |
|
|
|
40 |
|
Equinix Inc ‡ |
|
|
1,035 |
|
|
|
768 |
|
Equity Commonwealth *‡ |
|
|
846 |
|
|
|
24 |
|
Equity LifeStyle Properties Inc ‡ |
|
|
167 |
|
|
|
13 |
|
Equity Residential ‡ |
|
|
3,485 |
|
|
|
313 |
|
Essential Properties Realty Trust Inc ‡ |
|
|
2,028 |
|
|
|
51 |
|
Essex Property Trust Inc ‡ |
|
|
454 |
|
|
|
157 |
|
eXp World Holdings |
|
|
2,641 |
|
|
|
56 |
|
Extra Space Storage Inc ‡ |
|
|
811 |
|
|
|
167 |
|
Federal Realty Investment Trust |
|
|
664 |
|
|
|
81 |
|
First Industrial Realty Trust Inc ‡ |
|
|
263 |
|
|
|
16 |
|
Four Corners Property Trust Inc ‡ |
|
|
1,848 |
|
|
|
50 |
|
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Franklin Street Properties Corp ‡ |
|
|
5,897 |
|
|
$ |
35 |
|
Gaming and Leisure Properties Inc ‡ |
|
|
283 |
|
|
|
13 |
|
Global Net Lease Inc ‡ |
|
|
2,484 |
|
|
|
39 |
|
Healthcare Trust of America Inc, Cl A ‡ |
|
|
392 |
|
|
|
12 |
|
Healthpeak Properties Inc ‡ |
|
|
9,384 |
|
|
|
322 |
|
Highwoods Properties Inc ‡ |
|
|
247 |
|
|
|
11 |
|
Host Hotels & Resorts Inc ‡ |
|
|
17,568 |
|
|
|
341 |
|
Howard Hughes Corp/The * |
|
|
795 |
|
|
|
82 |
|
Hudson Pacific Properties Inc ‡ |
|
|
2,475 |
|
|
|
69 |
|
Industrial Logistics Properties Trust ‡ |
|
|
516 |
|
|
|
12 |
|
Innovative Industrial Properties, Cl A ‡ |
|
|
59 |
|
|
|
12 |
|
Invitation Homes Inc ‡ |
|
|
1,509 |
|
|
|
61 |
|
Iron Mountain Inc ‡ |
|
|
5,996 |
|
|
|
332 |
|
JBG SMITH Properties ‡ |
|
|
2,065 |
|
|
|
60 |
|
Jones Lang LaSalle Inc * |
|
|
1,270 |
|
|
|
304 |
|
Kilroy Realty Corp ‡ |
|
|
4,516 |
|
|
|
345 |
|
Kimco Realty Corp ‡ |
|
|
5,716 |
|
|
|
141 |
|
Kite Realty Group Trust ‡ |
|
|
3,286 |
|
|
|
75 |
|
Lamar Advertising Co, Cl A ‡ |
|
|
1,059 |
|
|
|
123 |
|
Life Storage Inc ‡ |
|
|
165 |
|
|
|
23 |
|
LTC Properties Inc ‡ |
|
|
1,142 |
|
|
|
44 |
|
LXP Industrial Trust‡ |
|
|
966 |
|
|
|
15 |
|
Macerich Co/The ‡ |
|
|
5,508 |
|
|
|
86 |
|
Marcus & Millichap Inc |
|
|
1,380 |
|
|
|
73 |
|
Medical Properties Trust Inc ‡ |
|
|
2,513 |
|
|
|
53 |
|
Mid-America Apartment Communities Inc ‡ |
|
|
318 |
|
|
|
67 |
|
National Health Investors Inc ‡ |
|
|
635 |
|
|
|
37 |
|
Necessity Retail REIT ‡ |
|
|
3,743 |
|
|
|
30 |
|
Newmark Group Inc, Cl A |
|
|
3,753 |
|
|
|
60 |
|
Office Properties Income Trust ‡ |
|
|
1,618 |
|
|
|
42 |
|
Omega Healthcare Investors Inc ‡ |
|
|
1,229 |
|
|
|
38 |
|
Orion Office ‡ |
|
|
124 |
|
|
|
2 |
|
Outfront Media Inc ‡ |
|
|
1,951 |
|
|
|
55 |
|
Paramount Group Inc ‡ |
|
|
5,922 |
|
|
|
65 |
|
Park Hotels & Resorts Inc ‡ |
|
|
1,996 |
|
|
|
39 |
|
Pebblebrook Hotel Trust ‡ |
|
|
1,899 |
|
|
|
47 |
|
Physicians Realty Trust ‡ |
|
|
2,753 |
|
|
|
48 |
|
Piedmont Office Realty Trust Inc, Cl A ‡ |
|
|
2,333 |
|
|
|
40 |
|
PotlatchDeltic Corp ‡ |
|
|
231 |
|
|
|
12 |
|
Prologis Inc ‡ |
|
|
19,189 |
|
|
|
3,099 |
|
Public Storage ‡ |
|
|
1,177 |
|
|
|
459 |
|
Rayonier Inc ‡ |
|
|
1,593 |
|
|
|
66 |
|
RE/MAX Holdings Inc, Cl A |
|
|
1,292 |
|
|
|
36 |
|
Realogy Holdings Corp * |
|
|
4,621 |
|
|
|
72 |
|
Realty Income Corp ‡ |
|
|
3,295 |
|
|
|
228 |
|
Redfin Corp * |
|
|
458 |
|
|
|
8 |
|
Regency Centers Corp ‡ |
|
|
23,271 |
|
|
|
1,660 |
|
Rexford Industrial Realty Inc ‡ |
|
|
241 |
|
|
|
18 |
|
RLJ Lodging Trust ‡ |
|
|
2,849 |
|
|
|
40 |
|
RMR Group Inc/The, Cl A |
|
|
1,095 |
|
|
|
34 |
|
RPT Realty ‡ |
|
|
3,429 |
|
|
|
47 |
|
Ryman Hospitality Properties Inc *‡ |
|
|
577 |
|
|
|
54 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Sabra Health Care REIT Inc ‡ |
|
|
2,410 |
|
|
$ |
36 |
|
Safehold Inc ‡ |
|
|
226 |
|
|
|
13 |
|
SBA Communications Corp, Cl A ‡ |
|
|
684 |
|
|
|
235 |
|
Service Properties Trust ‡ |
|
|
483 |
|
|
|
4 |
|
Simon Property Group Inc ‡ |
|
|
3,706 |
|
|
|
488 |
|
SITE Centers Corp ‡ |
|
|
3,734 |
|
|
|
62 |
|
SL Green Realty ‡ |
|
|
2,468 |
|
|
|
200 |
|
Spirit Realty Capital Inc ‡ |
|
|
237 |
|
|
|
11 |
|
St Joe Co/The |
|
|
460 |
|
|
|
27 |
|
STAG Industrial Inc ‡ |
|
|
359 |
|
|
|
15 |
|
STORE Capital Corp ‡ |
|
|
2,555 |
|
|
|
75 |
|
Summit Hotel Properties Inc *‡ |
|
|
4,173 |
|
|
|
42 |
|
Tanger Factory Outlet Centers Inc ‡ |
|
|
3,357 |
|
|
|
58 |
|
UDR Inc ‡ |
|
|
250 |
|
|
|
14 |
|
Uniti Group Inc ‡ |
|
|
1,247 |
|
|
|
17 |
|
Urban Edge Properties ‡ |
|
|
2,679 |
|
|
|
51 |
|
Urstadt Biddle Properties Inc, Cl A ‡ |
|
|
2,126 |
|
|
|
40 |
|
Ventas Inc ‡ |
|
|
3,279 |
|
|
|
203 |
|
VICI Properties Inc ‡ |
|
|
2,012 |
|
|
|
57 |
|
Vornado Realty Trust ‡ |
|
|
2,903 |
|
|
|
132 |
|
Washington Real Estate Investment Trust ‡ |
|
|
1,705 |
|
|
|
44 |
|
Welltower Inc ‡ |
|
|
4,270 |
|
|
|
411 |
|
Weyerhaeuser Co ‡ |
|
|
17,005 |
|
|
|
645 |
|
WP Carey Inc ‡ |
|
|
149 |
|
|
|
12 |
|
Xenia Hotels & Resorts Inc *‡ |
|
|
2,347 |
|
|
|
45 |
|
Zillow Group Inc, Cl C * |
|
|
1,112 |
|
|
|
55 |
|
| |
|
|
|
|
|
|
20,523 |
|
Utilities — 2.4% |
|
|
|
|
AES Corp/The |
|
|
5,282 |
|
|
|
136 |
|
ALLETE Inc |
|
|
620 |
|
|
|
42 |
|
Alliant Energy Corp |
|
|
213 |
|
|
|
13 |
|
Ameren Corp |
|
|
506 |
|
|
|
47 |
|
American Electric Power Co Inc |
|
|
5,930 |
|
|
|
592 |
|
American States Water Co |
|
|
580 |
|
|
|
52 |
|
American Water Works Co Inc |
|
|
2,717 |
|
|
|
450 |
|
Atmos Energy Corp |
|
|
461 |
|
|
|
55 |
|
Avangrid Inc |
|
|
1,720 |
|
|
|
80 |
|
CenterPoint Energy Inc |
|
|
434 |
|
|
|
13 |
|
Clearway Energy Inc, Cl C |
|
|
456 |
|
|
|
17 |
|
CMS Energy Corp |
|
|
20,708 |
|
|
|
1,448 |
|
Consolidated Edison Inc |
|
|
3,086 |
|
|
|
292 |
|
Constellation Energy |
|
|
3,696 |
|
|
|
208 |
|
Dominion Energy Inc |
|
|
6,888 |
|
|
|
585 |
|
DTE Energy Co |
|
|
124 |
|
|
|
16 |
|
Duke Energy Corp |
|
|
7,493 |
|
|
|
837 |
|
Edison International |
|
|
3,288 |
|
|
|
231 |
|
Entergy Corp |
|
|
2,276 |
|
|
|
266 |
|
Essential Utilities Inc |
|
|
331 |
|
|
|
17 |
|
Evergy Inc |
|
|
180 |
|
|
|
12 |
|
Eversource Energy |
|
|
10,983 |
|
|
|
969 |
|
Exelon Corp |
|
|
11,090 |
|
|
|
528 |
|
FirstEnergy Corp |
|
|
419 |
|
|
|
19 |
|
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund (Concluded)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK (continued) |
Hawaiian Electric Industries Inc |
|
|
249 |
|
|
$ |
11 |
|
IDACORP Inc |
|
|
108 |
|
|
|
13 |
|
MGE Energy Inc |
|
|
631 |
|
|
|
50 |
|
National Fuel Gas Co |
|
|
245 |
|
|
|
17 |
|
New Jersey Resources Corp |
|
|
1,111 |
|
|
|
51 |
|
NextEra Energy Inc |
|
|
27,072 |
|
|
|
2,293 |
|
NiSource Inc |
|
|
419 |
|
|
|
13 |
|
Northwest Natural Holding Co |
|
|
699 |
|
|
|
36 |
|
NRG Energy Inc |
|
|
323 |
|
|
|
12 |
|
OGE Energy Corp |
|
|
261 |
|
|
|
11 |
|
Ormat Technologies Inc |
|
|
644 |
|
|
|
53 |
|
PG&E Corp * |
|
|
692 |
|
|
|
8 |
|
Pinnacle West Capital Corp |
|
|
2,640 |
|
|
|
206 |
|
PNM Resources Inc |
|
|
975 |
|
|
|
47 |
|
Portland General Electric Co |
|
|
894 |
|
|
|
49 |
|
PPL Corp |
|
|
908 |
|
|
|
26 |
|
Public Service Enterprise Group Inc |
|
|
2,425 |
|
|
|
170 |
|
Sempra Energy |
|
|
2,048 |
|
|
|
344 |
|
SJW Group |
|
|
716 |
|
|
|
50 |
|
South Jersey Industries Inc |
|
|
1,556 |
|
|
|
54 |
|
Southern Co/The |
|
|
13,370 |
|
|
|
969 |
|
Sunnova Energy International Inc * |
|
|
4,480 |
|
|
|
103 |
|
UGI Corp |
|
|
253 |
|
|
|
9 |
|
Vistra Corp |
|
|
2,088 |
|
|
|
49 |
|
WEC Energy Group Inc |
|
|
1,160 |
|
|
|
116 |
|
Xcel Energy Inc |
|
|
21,147 |
|
|
|
1,526 |
|
| |
|
|
|
|
|
|
13,211 |
|
| |
|
|
|
|
|
|
558,217 |
|
| |
|
|
|
|
|
|
|
|
Total Common Stock |
|
|
|
|
|
|
|
|
(Cost $280,553) ($ Thousands) |
|
|
|
|
|
|
558,217 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
FOREIGN COMMON STOCK — 2.3% |
Ireland — 1.1% |
Accenture PLC, Cl A |
|
|
11,297 |
|
|
|
3,810 |
|
Jazz Pharmaceuticals PLC * |
|
|
616 |
|
|
|
96 |
|
Medtronic PLC |
|
|
19,976 |
|
|
|
2,216 |
|
Perrigo Co PLC |
|
|
211 |
|
|
|
8 |
|
| |
|
|
|
|
|
|
6,130 |
|
| |
|
|
|
|
|
|
|
|
United Kingdom — 1.2% |
Adient PLC * |
|
|
732 |
|
|
|
30 |
|
Alkermes PLC * |
|
|
2,433 |
|
|
|
64 |
|
Allegion PLC |
|
|
855 |
|
|
|
94 |
|
Amcor PLC |
|
|
4,821 |
|
|
|
55 |
|
Aon PLC, Cl A |
|
|
3,101 |
|
|
|
1,010 |
|
Aptiv PLC * |
|
|
3,490 |
|
|
|
418 |
|
Atlassian Corp PLC, Cl A * |
|
|
1,043 |
|
|
|
306 |
|
Cimpress PLC * |
|
|
398 |
|
|
|
25 |
|
Cushman & Wakefield PLC * |
|
|
2,593 |
|
|
|
53 |
|
Eaton Corp PLC |
|
|
13,217 |
|
|
|
2,006 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
FOREIGN COMMON STOCK (continued) |
Gates Industrial Corp PLC * |
|
|
886 |
|
|
$ |
13 |
|
Horizon Therapeutics PLC * |
|
|
1,437 |
|
|
|
151 |
|
Johnson Controls International PLC |
|
|
8,308 |
|
|
|
545 |
|
LivaNova PLC * |
|
|
657 |
|
|
|
54 |
|
Nielsen Holdings PLC |
|
|
7,584 |
|
|
|
206 |
|
nVent Electric PLC |
|
|
457 |
|
|
|
16 |
|
Pentair PLC |
|
|
245 |
|
|
|
13 |
|
Sensata Technologies Holding PLC * |
|
|
4,273 |
|
|
|
217 |
|
STERIS PLC |
|
|
1,716 |
|
|
|
415 |
|
Trane Technologies PLC |
|
|
1,779 |
|
|
|
272 |
|
Tronox Holdings PLC |
|
|
4,385 |
|
|
|
87 |
|
Willis Towers Watson PLC |
|
|
907 |
|
|
|
214 |
|
| |
|
|
|
|
|
|
6,264 |
|
| |
|
|
|
|
|
|
|
|
Total Foreign Common Stock |
|
|
|
|
|
|
|
|
(Cost $6,213) ($ Thousands) |
|
|
|
|
|
|
12,394 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
CASH EQUIVALENT — 1.5% |
SEI Daily Income Trust, Government Fund, Cl F |
|
|
|
|
|
|
|
|
0.108%**† |
|
|
8,379,291 |
|
|
|
8,379 |
|
| |
|
|
|
|
|
|
|
|
Total Cash Equivalent |
|
|
|
|
|
|
|
|
(Cost $8,379) ($ Thousands) |
|
|
|
|
|
|
8,379 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Total Investments in Securities — 104.9% |
|
|
|
|
|
|
|
|
(Cost $295,145) ($ Thousands) |
|
$ |
578,990 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Growth Fund (Concluded)
A list of the open futures held by the Fund at March 31, 2022 are as follows:
Type of Contract |
|
Number of
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (Thousands) |
|
|
Value (Thousands) |
|
|
Unrealized Appreciation (Thousands) |
|
Long Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Russell 2000 Index E-MINI |
|
|
10 |
|
|
|
Jun-2022 |
|
|
$ |
1,011 |
|
|
$ |
1,033 |
|
|
$ |
22 |
|
S&P 500 Index E-MINI |
|
|
34 |
|
|
|
Jun-2022 |
|
|
|
7,224 |
|
|
|
7,702 |
|
|
|
478 |
|
| |
|
|
|
|
|
|
|
|
|
$ |
8,235 |
|
|
$ |
8,735 |
|
|
$ |
500 |
|
The futures contracts are considered to have equity rate risk associated with them.
|
Percentages are based on Net Assets of $552,058 ($ Thousands). |
† |
Investment in Affiliated Security. |
‡ |
Real Estate Investment Trust. |
* |
Non-income producing security. |
** |
The rate reported is the 7-day effective yield as of March 31, 2022. |
(A) |
Security is a Master Limited Partnership. At March 31, 2022, such securities amounted to $80 ($ Thousands), or 0.0% of the Net Assets of the Fund. |
Cl — Class |
Ltd — Limited |
MSCI — Morgan Stanley Capital International |
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 March 31, 2022, 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 |
|
|
558,217 |
|
|
|
– |
|
|
|
– |
|
|
|
558,217 |
|
Foreign Common Stock |
|
|
12,394 |
|
|
|
– |
|
|
|
– |
|
|
|
12,394 |
|
Cash Equivalent |
|
|
8,379 |
|
|
|
– |
|
|
|
– |
|
|
|
8,379 |
|
Total Investments in Securities |
|
|
578,990 |
|
|
|
– |
|
|
|
– |
|
|
|
578,990 |
|
Other Financial Instruments |
|
Level 1
($) |
|
|
Level 2
($) |
|
|
Level 3
($) |
|
|
Total
($) |
|
Futures Contracts* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Appreciation |
|
|
500 |
|
|
|
– |
|
|
|
– |
|
|
|
500 |
|
Total Other Financial Instruments |
|
|
500 |
|
|
|
– |
|
|
|
– |
|
|
|
500 |
|
|
*
|
Futures contracts are valued at the unrealized appreciation on the instrument.
|
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 March 31, 2022 ($ Thousands):
Security Description |
|
Value
6/30/2021 |
|
|
Purchases
at Cost |
|
|
Proceeds from Sales |
|
|
Realized Gain/(Loss) |
|
|
Change in Unrealized Appreciation (Depreciation) |
|
|
Value 3/31/2022 |
|
|
Shares |
|
|
Income |
|
|
Capital Gains |
|
SEI Daily Income Trust, Government Fund, Cl F |
|
$ |
7,003 |
|
|
$ |
51,211 |
|
|
$ |
(49,835 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
8,379 |
|
|
|
8,379,291 |
|
|
$ |
— |
|
|
$ |
— |
|
Amounts designated as " --" are either $0 or have been rounded to $0.
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES — 39.2% |
Agency Mortgage-Backed Obligations — 30.2% |
|
|
|
|
FHLMC |
|
|
|
|
|
|
|
|
6.500%, 12/01/2035 to 09/01/2039 |
|
$ |
469 |
|
|
$ |
504 |
|
6.000%, 03/01/2035 |
|
|
740 |
|
|
|
821 |
|
5.500%, 12/01/2036 to 12/01/2038 |
|
|
143 |
|
|
|
157 |
|
5.000%, 05/01/2022 to 01/01/2049 |
|
|
671 |
|
|
|
724 |
|
4.500%, 06/01/2038 to 07/01/2049 |
|
|
3,095 |
|
|
|
3,269 |
|
4.000%, 07/01/2037 to 07/01/2050 |
|
|
2,759 |
|
|
|
2,860 |
|
3.500%, 04/01/2033 to 02/01/2051 |
|
|
3,059 |
|
|
|
3,101 |
|
3.089%, ICE LIBOR USD 12 Month + 1.623%, 02/01/2050(A) |
|
|
151 |
|
|
|
152 |
|
3.012%, ICE LIBOR USD 12 Month + 1.628%, 11/01/2048(A) |
|
|
464 |
|
|
|
466 |
|
3.000%, 09/01/2032 to 01/01/2052 |
|
|
4,572 |
|
|
|
4,520 |
|
2.872%, ICE LIBOR USD 12 Month + 1.619%, 11/01/2047(A) |
|
|
150 |
|
|
|
151 |
|
2.500%, 08/01/2030 to 03/01/2052 |
|
|
4,842 |
|
|
|
4,672 |
|
2.433%, ICE LIBOR USD 12 Month + 1.630%, 09/01/2047(A) |
|
|
391 |
|
|
|
401 |
|
2.000%, 10/01/2032 to 02/01/2052 |
|
|
2,380 |
|
|
|
2,224 |
|
1.906%, ICE LIBOR USD 12 Month + 1.597%, 06/01/2047(A) |
|
|
471 |
|
|
|
485 |
|
1.894%, ICE LIBOR USD 12 Month + 1.626%, 10/01/2046(A) |
|
|
712 |
|
|
|
733 |
|
1.500%, 10/01/2041 to 11/01/2041 |
|
|
621 |
|
|
|
563 |
|
FHLMC CMO, Ser 2011-3947, Cl SG, IO |
|
|
|
|
|
|
|
|
5.553%, 10/15/2041(A) |
|
|
95 |
|
|
|
13 |
|
FHLMC CMO, Ser 2012-4057, Cl UI, IO |
|
|
|
|
|
|
|
|
3.000%, 05/15/2027 |
|
|
57 |
|
|
|
2 |
|
FHLMC CMO, Ser 2012-4085, Cl IO, IO |
|
|
|
|
|
|
|
|
3.000%, 06/15/2027 |
|
|
121 |
|
|
|
5 |
|
FHLMC CMO, Ser 2012-4099, Cl ST, IO |
|
|
|
|
|
|
|
|
5.603%, 08/15/2042(A) |
|
|
52 |
|
|
|
8 |
|
FHLMC CMO, Ser 2013-4194, Cl BI, IO |
|
|
|
|
|
|
|
|
3.500%, 04/15/2043 |
|
|
58 |
|
|
|
9 |
|
FHLMC CMO, Ser 2013-4203, Cl PS, IO |
|
|
|
|
|
|
|
|
5.853%, 09/15/2042(A) |
|
|
81 |
|
|
|
9 |
|
FHLMC CMO, Ser 2014-4310, Cl SA, IO |
|
|
|
|
|
|
|
|
5.553%, 02/15/2044(A) |
|
|
24 |
|
|
|
3 |
|
FHLMC CMO, Ser 2014-4335, Cl SW, IO |
|
|
|
|
|
|
|
|
5.603%, 05/15/2044(A) |
|
|
47 |
|
|
|
7 |
|
FHLMC CMO, Ser 2014-4415, Cl IO, IO |
|
|
|
|
|
|
|
|
1.570%, 04/15/2041(A) |
|
|
25 |
|
|
|
1 |
|
FHLMC Multifamily Structured Pass-Through Certificates, Ser 1515, Cl X1, IO |
|
|
|
|
|
|
|
|
1.512%, 02/25/2035(A) |
|
|
2,293 |
|
|
|
319 |
|
FHLMC Multifamily Structured Pass-Through Certificates, Ser 1516, Cl X1, IO |
|
|
|
|
|
|
|
|
1.512%, 05/25/2035(A) |
|
|
846 |
|
|
|
128 |
|
FHLMC Multifamily Structured Pass-Through Certificates, Ser K118, Cl X1, IO |
|
|
|
|
|
|
|
|
0.960%, 09/25/2030(A) |
|
|
5,724 |
|
|
|
381 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
FHLMC Multifamily Structured Pass-Through Certificates, Ser K140, Cl A2 |
|
|
|
|
|
|
|
|
2.250%, 01/25/2032 |
|
$ |
1,098 |
|
|
$ |
1,040 |
|
FHLMC Multifamily Structured Pass-Through Certificates, Ser K-1517, Cl X1, IO |
|
|
|
|
|
|
|
|
1.330%, 07/25/2035(A) |
|
|
240 |
|
|
|
32 |
|
FHLMC Multifamily Structured Pass-Through Certificates, Ser K740, Cl X1, IO |
|
|
|
|
|
|
|
|
0.758%, 09/25/2027(A) |
|
|
7,963 |
|
|
|
282 |
|
FHLMC STACR Debt Notes, Ser 2022-DNA2, Cl M1A |
|
|
|
|
|
|
|
|
1.399%, SOFR30A + 1.300%, 02/25/2042(A)(B) |
|
|
236 |
|
|
|
235 |
|
FHLMC STACR REMIC Trust, Ser 2021-DNA6, Cl M2 |
|
|
|
|
|
|
|
|
1.599%, SOFR30A + 1.500%, 10/25/2041(A)(B) |
|
|
230 |
|
|
|
219 |
|
FHLMC STACR REMIC Trust, Ser 2022-DNA1, Cl M1B |
|
|
|
|
|
|
|
|
1.949%, SOFR30A + 1.850%, 01/25/2042(A)(B) |
|
|
420 |
|
|
|
396 |
|
FHLMC, Ser 2014-334, Cl S7, IO |
|
|
|
|
|
|
|
|
5.703%, 08/15/2044(A) |
|
|
26 |
|
|
|
4 |
|
FHLMC, Ser 2016-353, Cl S1, IO |
|
|
|
|
|
|
|
|
5.603%, 12/15/2046(A) |
|
|
81 |
|
|
|
12 |
|
FHLMC, Ser 2018-4813, Cl CJ |
|
|
|
|
|
|
|
|
3.000%, 08/15/2048 |
|
|
35 |
|
|
|
34 |
|
FHLMC, Ser 2020-5010, Cl IK, IO |
|
|
|
|
|
|
|
|
2.500%, 09/25/2050 |
|
|
147 |
|
|
|
22 |
|
FHLMC, Ser 2020-5010, Cl JI, IO |
|
|
|
|
|
|
|
|
2.500%, 09/25/2050 |
|
|
260 |
|
|
|
44 |
|
FHLMC, Ser 2020-5013, Cl IN, IO |
|
|
|
|
|
|
|
|
2.500%, 09/25/2050 |
|
|
91 |
|
|
|
15 |
|
FHLMC, Ser 2020-5018, Cl MI, IO |
|
|
|
|
|
|
|
|
2.000%, 10/25/2050 |
|
|
91 |
|
|
|
13 |
|
FNMA |
|
|
|
|
|
|
|
|
7.000%, 11/01/2037 to 11/01/2038 |
|
|
17 |
|
|
|
18 |
|
6.500%, 01/01/2038 to 05/01/2040 |
|
|
117 |
|
|
|
130 |
|
6.000%, 07/01/2037 to 07/01/2041 |
|
|
79 |
|
|
|
88 |
|
5.500%, 02/01/2035 |
|
|
72 |
|
|
|
79 |
|
5.000%, 11/01/2025 to 12/01/2049 |
|
|
2,190 |
|
|
|
2,342 |
|
4.500%, 02/01/2035 to 08/01/2058 |
|
|
5,224 |
|
|
|
5,491 |
|
4.000%, 06/01/2025 to 06/01/2057 |
|
|
9,252 |
|
|
|
9,587 |
|
3.500%, 04/01/2033 to 03/01/2057 |
|
|
10,361 |
|
|
|
10,499 |
|
3.468%, 03/01/2030 |
|
|
118 |
|
|
|
122 |
|
3.450%, 03/01/2029 |
|
|
58 |
|
|
|
60 |
|
3.250%, 05/01/2029 |
|
|
79 |
|
|
|
81 |
|
3.000%, 07/01/2035 to 03/01/2052 |
|
|
15,818 |
|
|
|
15,647 |
|
2.930%, 06/01/2030 |
|
|
97 |
|
|
|
97 |
|
2.790%, 08/01/2029 |
|
|
200 |
|
|
|
199 |
|
2.500%, 03/01/2035 to 03/01/2052 |
|
|
14,227 |
|
|
|
13,737 |
|
2.393%, 01/01/2036(A) |
|
|
21 |
|
|
|
21 |
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
2.260%, 04/01/2030 |
|
$ |
96 |
|
|
$ |
93 |
|
2.150%, 02/01/2032(A) |
|
|
300 |
|
|
|
280 |
|
2.068%, ICE LIBOR USD 12 Month + 1.700%, 03/01/2036(A) |
|
|
19 |
|
|
|
19 |
|
2.000%, 07/01/2031 to 03/01/2052 |
|
|
10,835 |
|
|
|
10,143 |
|
1.765%, ICE LIBOR USD 12 Month + 1.428%, 05/01/2043(A) |
|
|
149 |
|
|
|
152 |
|
1.500%, 12/01/2035 |
|
|
89 |
|
|
|
84 |
|
FNMA CMO, Ser 2003-W2, Cl 2A9 |
|
|
|
|
|
|
|
|
5.900%, 07/25/2042 |
|
|
324 |
|
|
|
348 |
|
FNMA CMO, Ser 2012-93, Cl UI, IO |
|
|
|
|
|
|
|
|
3.000%, 09/25/2027 |
|
|
176 |
|
|
|
9 |
|
FNMA CMO, Ser 2014-47, Cl AI, IO |
|
|
|
|
|
|
|
|
1.611%, 08/25/2044(A) |
|
|
66 |
|
|
|
3 |
|
FNMA CMO, Ser 2015-55, Cl IO, IO |
|
|
|
|
|
|
|
|
1.402%, 08/25/2055(A) |
|
|
17 |
|
|
|
1 |
|
FNMA CMO, Ser 2015-56, Cl AS, IO |
|
|
|
|
|
|
|
|
5.693%, 08/25/2045(A) |
|
|
36 |
|
|
|
6 |
|
FNMA Connecticut Avenue Securities Trust, Ser 2014-C04, Cl 1M2 |
|
|
|
|
|
|
|
|
5.357%, ICE LIBOR USD 1 Month + 4.900%, 11/25/2024(A) |
|
|
101 |
|
|
|
104 |
|
FNMA Connecticut Avenue Securities Trust, Ser 2021-R03, Cl 1M2 |
|
|
|
|
|
|
|
|
1.749%, SOFR30A + 1.650%, 12/25/2041(A)(B) |
|
|
440 |
|
|
|
416 |
|
FNMA TBA |
|
|
|
|
|
|
|
|
4.000%, 06/15/2045 to 04/15/2051 |
|
|
500 |
|
|
|
507 |
|
3.500%, 05/15/2051 to 06/15/2051 |
|
|
4,000 |
|
|
|
3,986 |
|
3.000%, 04/01/2043 to 05/15/2051 |
|
|
1,800 |
|
|
|
1,761 |
|
2.500%, 04/01/2043 to 05/01/2043 |
|
|
3,000 |
|
|
|
2,861 |
|
FNMA, Ser 2005-29, Cl ZA |
|
|
|
|
|
|
|
|
5.500%, 04/25/2035 |
|
|
97 |
|
|
|
105 |
|
FNMA, Ser 2012-101, Cl BI, IO |
|
|
|
|
|
|
|
|
4.000%, 09/25/2027 |
|
|
5 |
|
|
|
– |
|
FNMA, Ser 2012-409, Cl C18, IO |
|
|
|
|
|
|
|
|
4.000%, 04/25/2042 |
|
|
10 |
|
|
|
2 |
|
FNMA, Ser 2013-124, Cl SB, IO |
|
|
|
|
|
|
|
|
5.493%, 12/25/2043(A) |
|
|
27 |
|
|
|
4 |
|
FNMA, Ser 2013-26, Cl HI, IO |
|
|
|
|
|
|
|
|
3.000%, 04/25/2032 |
|
|
5 |
|
|
|
– |
|
FNMA, Ser 2013-54, Cl BS, IO |
|
|
|
|
|
|
|
|
5.693%, 06/25/2043(A) |
|
|
23 |
|
|
|
4 |
|
FNMA, Ser 2013-73, Cl IA, IO |
|
|
|
|
|
|
|
|
3.000%, 09/25/2032 |
|
|
40 |
|
|
|
3 |
|
FNMA, Ser 2017-76, Cl SB, IO |
|
|
|
|
|
|
|
|
5.643%, 10/25/2057(A) |
|
|
145 |
|
|
|
27 |
|
FNMA, Ser 2017-85, Cl SC, IO |
|
|
|
|
|
|
|
|
5.743%, 11/25/2047(A) |
|
|
75 |
|
|
|
11 |
|
FNMA, Ser 2019-M19, Cl A2 |
|
|
|
|
|
|
|
|
2.560%, 09/25/2029 |
|
|
79 |
|
|
|
78 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
FNMA, Ser 2020-47, Cl GZ |
|
|
|
|
|
|
|
|
2.000%, 07/25/2050 |
|
$ |
104 |
|
|
$ |
83 |
|
FNMA, Ser 2020-56, Cl DI, IO |
|
|
|
|
|
|
|
|
2.500%, 08/25/2050 |
|
|
85 |
|
|
|
14 |
|
FNMA, Ser 2021-1, Cl IG, IO |
|
|
|
|
|
|
|
|
2.500%, 02/25/2051 |
|
|
183 |
|
|
|
30 |
|
FNMA, Ser 2021-61, Cl KI, IO |
|
|
|
|
|
|
|
|
2.500%, 04/25/2049 |
|
|
586 |
|
|
|
88 |
|
FRESB Mortgage Trust, Ser 2018-SB48, Cl A10F |
|
|
|
|
|
|
|
|
3.345%, 02/25/2028(A) |
|
|
504 |
|
|
|
494 |
|
FRESB Mortgage Trust, Ser 2019-SB58, Cl A10F |
|
|
|
|
|
|
|
|
3.610%, 10/25/2028(A) |
|
|
795 |
|
|
|
788 |
|
GNMA |
|
|
|
|
|
|
|
|
5.500%, 02/20/2037 to 01/15/2039 |
|
|
68 |
|
|
|
74 |
|
5.000%, 12/20/2038 to 10/20/2047 |
|
|
414 |
|
|
|
450 |
|
4.600%, 09/15/2034 |
|
|
1,087 |
|
|
|
1,175 |
|
4.500%, 05/20/2040 to 12/20/2050 |
|
|
1,804 |
|
|
|
1,908 |
|
4.000%, 01/15/2041 to 11/20/2049 |
|
|
1,577 |
|
|
|
1,641 |
|
3.500%, 06/20/2044 to 10/20/2050 |
|
|
1,561 |
|
|
|
1,587 |
|
3.000%, 09/15/2042 to 09/20/2051 |
|
|
928 |
|
|
|
922 |
|
2.500%, 02/20/2027 to 05/20/2051 |
|
|
1,614 |
|
|
|
1,576 |
|
2.000%, 12/20/2050 to 03/20/2051 |
|
|
413 |
|
|
|
394 |
|
GNMA CMO, Ser 2012-34, Cl SA, IO |
|
|
|
|
|
|
|
|
5.601%, 03/20/2042(A) |
|
|
20 |
|
|
|
3 |
|
GNMA CMO, Ser 2012-H18, Cl NA |
|
|
|
|
|
|
|
|
0.626%, ICE LIBOR USD 1 Month + 0.520%, 08/20/2062(A) |
|
|
91 |
|
|
|
91 |
|
GNMA CMO, Ser 2012-H30, Cl GA |
|
|
|
|
|
|
|
|
0.456%, ICE LIBOR USD 1 Month + 0.350%, 12/20/2062(A) |
|
|
406 |
|
|
|
404 |
|
GNMA CMO, Ser 2013-85, Cl IA, IO |
|
|
|
|
|
|
|
|
0.272%, 03/16/2047(A) |
|
|
886 |
|
|
|
8 |
|
GNMA CMO, Ser 2013-95, Cl IO, IO |
|
|
|
|
|
|
|
|
0.525%, 04/16/2047(A) |
|
|
980 |
|
|
|
15 |
|
GNMA CMO, Ser 2013-H01, Cl TA |
|
|
|
|
|
|
|
|
0.606%, ICE LIBOR USD 1 Month + 0.500%, 01/20/2063(A) |
|
|
1 |
|
|
|
1 |
|
GNMA CMO, Ser 2013-H08, Cl BF |
|
|
|
|
|
|
|
|
0.506%, ICE LIBOR USD 1 Month + 0.400%, 03/20/2063(A) |
|
|
378 |
|
|
|
376 |
|
GNMA CMO, Ser 2014-105, Cl IO, IO |
|
|
|
|
|
|
|
|
0.123%, 06/16/2054(A) |
|
|
67 |
|
|
|
2 |
|
GNMA CMO, Ser 2014-186, Cl IO, IO |
|
|
|
|
|
|
|
|
0.391%, 08/16/2054(A) |
|
|
228 |
|
|
|
3 |
|
GNMA CMO, Ser 2015-H20, Cl FA |
|
|
|
|
|
|
|
|
0.576%, ICE LIBOR USD 1 Month + 0.470%, 08/20/2065(A) |
|
|
205 |
|
|
|
204 |
|
GNMA TBA |
|
|
|
|
|
|
|
|
4.000%, 06/01/2039 |
|
|
200 |
|
|
|
202 |
|
3.500%, 05/15/2041 to 06/15/2041 |
|
|
800 |
|
|
|
801 |
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
3.000%, 05/01/2043 to 06/15/2051 |
|
$ |
1,800 |
|
|
$ |
1,773 |
|
GNMA, Ser 2013-107, Cl AD |
|
|
|
|
|
|
|
|
2.764%, 11/16/2047(A) |
|
|
47 |
|
|
|
46 |
|
GNMA, Ser 2013-H21, Cl FB |
|
|
|
|
|
|
|
|
0.806%, ICE LIBOR USD 1 Month + 0.700%, 09/20/2063(A) |
|
|
280 |
|
|
|
280 |
|
GNMA, Ser 2015-167, Cl OI, IO |
|
|
|
|
|
|
|
|
4.000%, 04/16/2045 |
|
|
54 |
|
|
|
9 |
|
GNMA, Ser 2020-123, Cl NI, IO |
|
|
|
|
|
|
|
|
2.500%, 08/20/2050 |
|
|
88 |
|
|
|
13 |
|
GNMA, Ser 2020-127, Cl IN, IO |
|
|
|
|
|
|
|
|
2.500%, 08/20/2050 |
|
|
87 |
|
|
|
12 |
|
GNMA, Ser 2020-129, Cl IE, IO |
|
|
|
|
|
|
|
|
2.500%, 09/20/2050 |
|
|
90 |
|
|
|
13 |
|
GNMA, Ser 2020-160, Cl YI, IO |
|
|
|
|
|
|
|
|
2.500%, 10/20/2050 |
|
|
181 |
|
|
|
24 |
|
GNMA, Ser 2020-181, Cl WI, IO |
|
|
|
|
|
|
|
|
2.000%, 12/20/2050 |
|
|
438 |
|
|
|
46 |
|
GNMA, Ser 2020-H04, Cl FP |
|
|
|
|
|
|
|
|
0.606%, ICE LIBOR USD 1 Month + 0.500%, 06/20/2069(A) |
|
|
144 |
|
|
|
144 |
|
GNMA, Ser 2020-H09, Cl FL |
|
|
|
|
|
|
|
|
1.599%, ICE LIBOR USD 1 Month + 1.150%, 05/20/2070(A) |
|
|
77 |
|
|
|
79 |
|
GNMA, Ser 2020-H13, Cl FM |
|
|
|
|
|
|
|
|
0.849%, ICE LIBOR USD 1 Month + 0.400%, 08/20/2070(A) |
|
|
284 |
|
|
|
283 |
|
GNMA, Ser 2020-H13, Cl FA |
|
|
|
|
|
|
|
|
0.899%, ICE LIBOR USD 1 Month + 0.450%, 07/20/2070(A) |
|
|
453 |
|
|
|
450 |
|
GNMA, Ser 3, Cl IO, IO |
|
|
|
|
|
|
|
|
0.641%, 02/16/2061(A) |
|
|
997 |
|
|
|
63 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
124,810 |
|
Non-Agency Mortgage-Backed Obligations — 9.0% |
|
|
|
|
280 Park Avenue Mortgage Trust, Ser 2017-280P, Cl A |
|
|
|
|
|
|
|
|
1.187%, ICE LIBOR USD 1 Month + 0.880%, 09/15/2034(A)(B) |
|
|
130 |
|
|
|
129 |
|
Atrium Hotel Portfolio Trust, Ser 2017-ATRM, Cl C |
|
|
|
|
|
|
|
|
2.047%, ICE LIBOR USD 1 Month + 1.650%, 12/15/2036(A)(B) |
|
|
410 |
|
|
|
400 |
|
BANK, Ser 2021-BN36, Cl A5 |
|
|
|
|
|
|
|
|
2.470%, 09/15/2064 |
|
|
644 |
|
|
|
602 |
|
BBCMS Mortgage Trust, Ser 2021-C9, Cl A5 |
|
|
|
|
|
|
|
|
2.299%, 02/15/2054 |
|
|
563 |
|
|
|
518 |
|
Benchmark Mortgage Trust, Ser 2019-B12, Cl A5 |
|
|
|
|
|
|
|
|
3.116%, 08/15/2052 |
|
|
703 |
|
|
|
689 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
Benchmark Mortgage Trust, Ser 2019-B15, Cl A5 |
|
|
|
|
|
|
|
|
2.928%, 12/15/2072 |
|
$ |
481 |
|
|
$ |
466 |
|
Benchmark Mortgage Trust, Ser 2021-B26, Cl A3 |
|
|
|
|
|
|
|
|
2.391%, 06/15/2054 |
|
|
604 |
|
|
|
573 |
|
BPR Trust, Ser 2021-TY, Cl B |
|
|
|
|
|
|
|
|
1.547%, ICE LIBOR USD 1 Month + 1.150%, 09/15/2038(A)(B) |
|
|
370 |
|
|
|
362 |
|
BRAVO Residential Funding Trust, Ser 2021-NQM2, Cl A1 |
|
|
|
|
|
|
|
|
0.970%, 03/25/2060(A)(B) |
|
|
60 |
|
|
|
59 |
|
BX Commercial Mortgage Trust, Ser 2019-XL, Cl A |
|
|
|
|
|
|
|
|
1.317%, ICE LIBOR USD 1 Month + 0.920%, 10/15/2036(A)(B) |
|
|
922 |
|
|
|
918 |
|
BX Commercial Mortgage Trust, Ser 2021-VOLT, Cl A |
|
|
|
|
|
|
|
|
1.097%, ICE LIBOR USD 1 Month + 0.700%, 09/15/2036(A)(B) |
|
|
635 |
|
|
|
619 |
|
BX Commercial Mortgage Trust, Ser 2021-XL2, Cl A |
|
|
|
|
|
|
|
|
1.086%, ICE LIBOR USD 1 Month + 0.689%, 10/15/2038(A)(B) |
|
|
117 |
|
|
|
115 |
|
BX Commercial Mortgage Trust, Ser 2022-AHP, Cl A |
|
|
|
|
|
|
|
|
1.291%, TSFR1M + 0.990%, 01/17/2039(A)(B) |
|
|
630 |
|
|
|
622 |
|
BX Commercial Mortgage Trust, Ser 2022-LP2, Cl A |
|
|
|
|
|
|
|
|
1.318%, TSFR1M + 1.013%, 02/15/2039(A)(B) |
|
|
410 |
|
|
|
402 |
|
BX Trust, Ser 2022-LBA6, Cl A |
|
|
|
|
|
|
|
|
1.301%, TSFR1M + 1.000%, 01/15/2039(A)(B) |
|
|
110 |
|
|
|
108 |
|
CAMB Commercial Mortgage Trust, Ser 2022-LIFE, Cl A |
|
|
|
|
|
|
|
|
1.467%, ICE LIBOR USD 1 Month + 1.070%, 12/15/2037(A)(B) |
|
|
110 |
|
|
|
110 |
|
Cascade MH Asset Trust, Ser 2021-MH1, Cl A1 |
|
|
|
|
|
|
|
|
1.753%, 02/25/2046(B) |
|
|
87 |
|
|
|
81 |
|
CIM Trust, Ser 2020-INV1, Cl A2 |
|
|
|
|
|
|
|
|
2.500%, 04/25/2050(A)(B) |
|
|
206 |
|
|
|
201 |
|
Citigroup Commercial Mortgage Trust, Ser 2013-375P, Cl A |
|
|
|
|
|
|
|
|
3.251%, 05/10/2035(B) |
|
|
190 |
|
|
|
190 |
|
Citigroup Commercial Mortgage Trust, Ser 2014-GC25, Cl AS |
|
|
|
|
|
|
|
|
4.017%, 10/10/2047 |
|
|
100 |
|
|
|
101 |
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
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 |
|
$ |
772 |
|
|
$ |
775 |
|
COLT Mortgage Loan Trust, Ser 2022-2, Cl A1 |
|
|
|
|
|
|
|
|
2.994%, 02/25/2067(B) |
|
|
98 |
|
|
|
96 |
|
COMM Mortgage Trust, Ser 2012-CR5, Cl A4 |
|
|
|
|
|
|
|
|
2.771%, 12/10/2045 |
|
|
700 |
|
|
|
702 |
|
COMM Mortgage Trust, Ser 2012-CR5, Cl AM |
|
|
|
|
|
|
|
|
3.223%, 12/10/2045(B) |
|
|
590 |
|
|
|
591 |
|
COMM Mortgage Trust, Ser 2013-CR12, Cl C |
|
|
|
|
|
|
|
|
5.063%, 10/10/2046(A) |
|
|
10 |
|
|
|
10 |
|
COMM Mortgage Trust, Ser 2013-CR12, Cl AM |
|
|
|
|
|
|
|
|
4.300%, 10/10/2046 |
|
|
20 |
|
|
|
20 |
|
COMM Mortgage Trust, Ser 2013-CR12, Cl B |
|
|
|
|
|
|
|
|
4.762%, 10/10/2046(A) |
|
|
20 |
|
|
|
20 |
|
COMM Mortgage Trust, Ser 2013-CR8, Cl A4 |
|
|
|
|
|
|
|
|
3.334%, 06/10/2046 |
|
|
99 |
|
|
|
100 |
|
Commercial Mortgage Trust, Ser 2022-LPFL, Cl A |
|
|
|
|
|
|
|
|
1.447%, TSFR1M + 1.397%, 03/15/2039(A)(B) |
|
|
410 |
|
|
|
408 |
|
Credit Suisse Mortgage Trust, Ser 2019-NQM1, Cl A3 |
|
|
|
|
|
|
|
|
3.064%, 10/25/2059(B) |
|
|
276 |
|
|
|
270 |
|
CSMC Trust, Ser 2014-USA, Cl B |
|
|
|
|
|
|
|
|
4.185%, 09/15/2037(B) |
|
|
470 |
|
|
|
437 |
|
CSMC Trust, Ser 2018-J1, Cl A2 |
|
|
|
|
|
|
|
|
3.500%, 02/25/2048(A)(B) |
|
|
331 |
|
|
|
325 |
|
CSMC Trust, Ser 2021-NQM3, Cl A3 |
|
|
|
|
|
|
|
|
1.632%, 04/25/2066(A)(B) |
|
|
206 |
|
|
|
197 |
|
CSMC Trust, Ser 2021-NQM5, Cl A1 |
|
|
|
|
|
|
|
|
0.938%, 05/25/2066(A)(B) |
|
|
157 |
|
|
|
148 |
|
CSMC Trust, Ser 2021-NQM7, Cl A1 |
|
|
|
|
|
|
|
|
1.756%, 10/25/2066(A)(B) |
|
|
129 |
|
|
|
122 |
|
CSMC Trust, Ser 2021-RPL3, Cl M3 |
|
|
|
|
|
|
|
|
3.868%, 01/25/2060(A)(B) |
|
|
120 |
|
|
|
118 |
|
CSMC Trust, Ser 2021-RPL3, Cl A1 |
|
|
|
|
|
|
|
|
2.000%, 01/25/2060(A)(B) |
|
|
287 |
|
|
|
278 |
|
CSMC Trust, Ser 2021-RPL6, Cl A1 |
|
|
|
|
|
|
|
|
2.000%, 10/25/2060(A)(B) |
|
|
163 |
|
|
|
155 |
|
CSMC, Ser 2022-NQM1, Cl A1 |
|
|
|
|
|
|
|
|
2.265%, 11/25/2066(A)(B) |
|
|
402 |
|
|
|
386 |
|
Deephaven Residential Mortgage Trust, Ser 2022-1, Cl A1 |
|
|
|
|
|
|
|
|
2.205%, 01/25/2067(A)(B) |
|
|
335 |
|
|
|
321 |
|
Ellington Financial Mortgage Trust, Ser 2021-2, Cl A1 |
|
|
|
|
|
|
|
|
0.931%, 06/25/2066(A)(B) |
|
|
351 |
|
|
|
328 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
Ellington Financial Mortgage Trust, Ser 2022-1, Cl A1 |
|
|
|
|
|
|
|
|
2.206%, 01/25/2067(A)(B) |
|
$ |
107 |
|
|
$ |
102 |
|
Flagstar Mortgage Trust, Ser 2018-2, Cl A4 |
|
|
|
|
|
|
|
|
3.500%, 04/25/2048(A)(B) |
|
|
8 |
|
|
|
8 |
|
GS Mortgage Securities II, Ser 2018-SRP5, Cl B |
|
|
|
|
|
|
|
|
3.147%, ICE LIBOR USD 1 Month + 2.750%, 09/15/2031(A)(B) |
|
|
404 |
|
|
|
328 |
|
GS Mortgage Securities II, Ser 2018-SRP5, Cl A |
|
|
|
|
|
|
|
|
1.947%, ICE LIBOR USD 1 Month + 1.550%, 09/15/2031(A)(B) |
|
|
582 |
|
|
|
525 |
|
GS Mortgage Securities Trust, Ser 2013-GC16, Cl B |
|
|
|
|
|
|
|
|
5.161%, 11/10/2046(A) |
|
|
80 |
|
|
|
80 |
|
GS Mortgage Securities Trust, Ser 2014-GC24, Cl A5 |
|
|
|
|
|
|
|
|
3.931%, 09/10/2047 |
|
|
511 |
|
|
|
515 |
|
GS Mortgage Securities Trust, Ser 2015-GC30, Cl A3 |
|
|
|
|
|
|
|
|
3.119%, 05/10/2050 |
|
|
955 |
|
|
|
941 |
|
GS Mortgage Securities Trust, Ser 2019-GC39, Cl A2 |
|
|
|
|
|
|
|
|
3.457%, 05/10/2052 |
|
|
520 |
|
|
|
518 |
|
GS Mortgage-Backed Securities Trust, Ser 2018-RPL1, Cl A1A |
|
|
|
|
|
|
|
|
3.750%, 10/25/2057(B) |
|
|
182 |
|
|
|
183 |
|
GS Mortgage-Backed Securities Trust, Ser 2020-INV1, Cl A14 |
|
|
|
|
|
|
|
|
2.959%, 10/25/2050(A)(B) |
|
|
315 |
|
|
|
302 |
|
HarborView Mortgage Loan Trust, Ser 2005-9, Cl 2A1B |
|
|
|
|
|
|
|
|
1.189%, ICE LIBOR USD 1 Month + 0.740%, 06/20/2035(A) |
|
|
155 |
|
|
|
152 |
|
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C15, Cl B |
|
|
|
|
|
|
|
|
4.927%, 11/15/2045(A) |
|
|
210 |
|
|
|
213 |
|
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C17, Cl B |
|
|
|
|
|
|
|
|
4.886%, 01/15/2047(A) |
|
|
30 |
|
|
|
30 |
|
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C22, Cl C |
|
|
|
|
|
|
|
|
4.554%, 09/15/2047(A) |
|
|
80 |
|
|
|
75 |
|
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C25, Cl A5 |
|
|
|
|
|
|
|
|
3.672%, 11/15/2047 |
|
|
578 |
|
|
|
582 |
|
JPMDB Commercial Mortgage Securities Trust, Ser 2019-COR6, Cl A4 |
|
|
|
|
|
|
|
|
3.057%, 11/13/2052 |
|
|
537 |
|
|
|
524 |
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2012-C6, Cl A3 |
|
|
|
|
|
|
|
|
3.507%, 05/15/2045 |
|
$ |
209 |
|
|
$ |
209 |
|
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2012-LC9, Cl AS |
|
|
|
|
|
|
|
|
3.353%, 12/15/2047(B) |
|
|
380 |
|
|
|
380 |
|
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2015-FL7, Cl D |
|
|
|
|
|
|
|
|
4.147%, ICE LIBOR USD 1 Month + 3.750%, 05/15/2028(A)(B) |
|
|
115 |
|
|
|
106 |
|
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2021-NYAH, Cl D |
|
|
|
|
|
|
|
|
1.937%, ICE LIBOR USD 1 Month + 1.540%, 06/15/2038(A)(B) |
|
|
520 |
|
|
|
506 |
|
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2022-ACB, Cl A |
|
|
|
|
|
|
|
|
1.450%, SOFR30A + 1.400%, 03/15/2039(A)(B) |
|
|
300 |
|
|
|
299 |
|
JPMorgan Mortgage Trust, Ser 2015-5, Cl A9 |
|
|
|
|
|
|
|
|
2.266%, 05/25/2045(A)(B) |
|
|
37 |
|
|
|
38 |
|
JPMorgan Mortgage Trust, Ser 2018-3, Cl A1 |
|
|
|
|
|
|
|
|
3.500%, 09/25/2048(A)(B) |
|
|
108 |
|
|
|
108 |
|
JPMorgan Mortgage Trust, Ser 2018-5, Cl A1 |
|
|
|
|
|
|
|
|
3.500%, 10/25/2048(A)(B) |
|
|
72 |
|
|
|
71 |
|
JPMorgan Mortgage Trust, Ser 2021-3, Cl A3 |
|
|
|
|
|
|
|
|
2.500%, 07/25/2051(A)(B) |
|
|
698 |
|
|
|
646 |
|
MAD Mortgage Trust, Ser 2017-330M, Cl A |
|
|
|
|
|
|
|
|
2.976%, 08/15/2034(A)(B) |
|
|
220 |
|
|
|
215 |
|
Metlife Securitization Trust, Ser 2020-INV1, Cl A2A |
|
|
|
|
|
|
|
|
2.500%, 05/25/2050(A)(B) |
|
|
317 |
|
|
|
305 |
|
Mill City Mortgage Loan Trust, Ser 2019-1, Cl A1 |
|
|
|
|
|
|
|
|
3.250%, 10/25/2069(A)(B) |
|
|
226 |
|
|
|
224 |
|
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2012-C5, Cl A4 |
|
|
|
|
|
|
|
|
3.176%, 08/15/2045 |
|
|
1,230 |
|
|
|
1,230 |
|
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C9, Cl A4 |
|
|
|
|
|
|
|
|
3.102%, 05/15/2046 |
|
|
714 |
|
|
|
713 |
|
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C24, Cl A4 |
|
|
|
|
|
|
|
|
3.732%, 05/15/2048 |
|
|
473 |
|
|
|
477 |
|
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C25, Cl A5 |
|
|
|
|
|
|
|
|
3.635%, 10/15/2048 |
|
|
510 |
|
|
|
513 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2017-C34, Cl ASB |
|
|
|
|
|
|
|
|
3.354%, 11/15/2052 |
|
$ |
615 |
|
|
$ |
616 |
|
Morgan Stanley Capital I Trust, Ser 2015-UBS8, Cl A4 |
|
|
|
|
|
|
|
|
3.809%, 12/15/2048 |
|
|
732 |
|
|
|
740 |
|
Morgan Stanley Capital I Trust, Ser 2019-BPR, Cl A |
|
|
|
|
|
|
|
|
1.797%, ICE LIBOR USD 1 Month + 1.400%, 05/15/2036(A)(B) |
|
|
320 |
|
|
|
316 |
|
MSCG Trust, Ser 2015-ALDR, Cl A2 |
|
|
|
|
|
|
|
|
3.462%, 06/07/2035(A)(B) |
|
|
410 |
|
|
|
395 |
|
Natixis Commercial Mortgage Securities Trust, Ser 2019-FAME, Cl B |
|
|
|
|
|
|
|
|
3.655%, 08/15/2036(B) |
|
|
410 |
|
|
|
392 |
|
New Residential Mortgage Loan Trust, Ser 2018-RPL1, Cl M2 |
|
|
|
|
|
|
|
|
3.500%, 12/25/2057(A)(B) |
|
|
240 |
|
|
|
233 |
|
New Residential Mortgage Loan Trust, Ser 2019-4A, Cl A1B |
|
|
|
|
|
|
|
|
3.500%, 12/25/2058(A)(B) |
|
|
199 |
|
|
|
198 |
|
New Residential Mortgage Loan Trust, Ser 2019-6A, Cl B1 |
|
|
|
|
|
|
|
|
4.000%, 09/25/2059(A)(B) |
|
|
212 |
|
|
|
214 |
|
New Residential Mortgage Loan Trust, Ser 2019-6A, Cl B2 |
|
|
|
|
|
|
|
|
4.250%, 09/25/2059(A)(B) |
|
|
212 |
|
|
|
214 |
|
New Residential Mortgage Loan Trust, Ser 2019-NQM4, Cl A1 |
|
|
|
|
|
|
|
|
2.492%, 09/25/2059(A)(B) |
|
|
124 |
|
|
|
123 |
|
New Residential Mortgage Loan Trust, Ser 2019-RPL3, Cl A1 |
|
|
|
|
|
|
|
|
2.750%, 07/25/2059(A)(B) |
|
|
220 |
|
|
|
215 |
|
New Residential Mortgage Loan Trust, Ser 2021-NQM3, Cl A1 |
|
|
|
|
|
|
|
|
1.156%, 11/27/2056(A)(B) |
|
|
126 |
|
|
|
120 |
|
New Residential Mortgage Loan Trust, Ser 2021-NQM3, Cl A3 |
|
|
|
|
|
|
|
|
1.516%, 11/27/2056(A)(B) |
|
|
81 |
|
|
|
78 |
|
Oak Street Investment Grade Net Lease Fund, Ser 2021-1A, Cl A1 |
|
|
|
|
|
|
|
|
1.480%, 01/20/2051(B) |
|
|
963 |
|
|
|
896 |
|
OBX Trust, Ser 2021-NQM2, Cl A3 |
|
|
|
|
|
|
|
|
1.563%, 05/25/2061(A)(B) |
|
|
255 |
|
|
|
240 |
|
OBX Trust, Ser 2021-NQM2, Cl A1 |
|
|
|
|
|
|
|
|
1.101%, 05/25/2061(A)(B) |
|
|
309 |
|
|
|
291 |
|
OBX Trust, Ser 2021-NQM3, Cl A1 |
|
|
|
|
|
|
|
|
1.054%, 07/25/2061(A)(B) |
|
|
170 |
|
|
|
160 |
|
OBX Trust, Ser 2022-NQM1, Cl A1 |
|
|
|
|
|
|
|
|
2.305%, 11/25/2061(A)(B) |
|
|
400 |
|
|
|
387 |
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
Onslow Bay Mortgage Loan Trust, Ser 2021-NQM4, Cl A1 |
|
|
|
|
|
|
|
|
1.957%, 10/25/2061(A)(B) |
|
$ |
255 |
|
|
$ |
240 |
|
PRKCM Trust, Ser 2021-AFC1, Cl A1 |
|
|
|
|
|
|
|
|
1.510%, 08/25/2056(A)(B) |
|
|
229 |
|
|
|
212 |
|
PRKCM Trust, Ser 2021-AFC2, Cl A1 |
|
|
|
|
|
|
|
|
2.071%, 11/25/2056(A)(B) |
|
|
155 |
|
|
|
146 |
|
Provident Funding Mortgage Trust, Ser 2021-INV1, Cl A1 |
|
|
|
|
|
|
|
|
2.500%, 08/25/2051(A)(B) |
|
|
576 |
|
|
|
530 |
|
Residential Mortgage Loan Trust, Ser 2019-3, Cl A2 |
|
|
|
|
|
|
|
|
2.941%, 09/25/2059(A)(B) |
|
|
105 |
|
|
|
103 |
|
Residential Mortgage Loan Trust, Ser 2019-3, Cl A3 |
|
|
|
|
|
|
|
|
3.044%, 09/25/2059(A)(B) |
|
|
105 |
|
|
|
103 |
|
Residential Mortgage Loan Trust, Ser 2020-2, Cl A1 |
|
|
|
|
|
|
|
|
1.654%, 05/25/2060(A)(B) |
|
|
136 |
|
|
|
135 |
|
Seasoned Credit Risk Transfer Trust, Ser 2018-4, Cl MA |
|
|
|
|
|
|
|
|
3.500%, 03/25/2058 |
|
|
613 |
|
|
|
616 |
|
Seasoned Credit Risk Transfer Trust, Ser 2019-1, Cl MA |
|
|
|
|
|
|
|
|
3.500%, 07/25/2058 |
|
|
514 |
|
|
|
517 |
|
Seasoned Credit Risk Transfer Trust, Ser 2019-2, Cl MA |
|
|
|
|
|
|
|
|
3.500%, 08/25/2058 |
|
|
696 |
|
|
|
699 |
|
Seasoned Credit Risk Transfer Trust, Ser 2019-4, Cl MA |
|
|
|
|
|
|
|
|
3.000%, 02/25/2059 |
|
|
890 |
|
|
|
884 |
|
Seasoned Credit Risk Transfer Trust, Ser 2020-2, Cl MA |
|
|
|
|
|
|
|
|
2.000%, 11/25/2059 |
|
|
335 |
|
|
|
323 |
|
Sequoia Mortgage Trust, Ser 2021-1, Cl A1 |
|
|
|
|
|
|
|
|
2.500%, 03/25/2051(A)(B) |
|
|
115 |
|
|
|
107 |
|
SG Residential Mortgage Trust, Ser 2022-1, Cl A1 |
|
|
|
|
|
|
|
|
3.166%, 03/27/2062(A)(B) |
|
|
410 |
|
|
|
402 |
|
Shops at Crystals Trust, Ser 2016-CSTL, Cl A |
|
|
|
|
|
|
|
|
3.126%, 07/05/2036(B) |
|
|
100 |
|
|
|
97 |
|
SLG Office Trust, Ser 2021-OVA, Cl A |
|
|
|
|
|
|
|
|
2.585%, 07/15/2041(B) |
|
|
510 |
|
|
|
474 |
|
Stack Infrastructure Issuer, Ser 2019-1A, Cl A2 |
|
|
|
|
|
|
|
|
4.540%, 02/25/2044(B) |
|
|
458 |
|
|
|
460 |
|
Towd Point Mortgage Trust, Ser 2019-HY2, Cl M2 |
|
|
|
|
|
|
|
|
2.357%, ICE LIBOR USD 1 Month + 1.900%, 05/25/2058(A)(B) |
|
|
100 |
|
|
|
102 |
|
UBS-BAMLL Trust, Ser 2012-WRM, Cl A |
|
|
|
|
|
|
|
|
3.663%, 06/10/2030(B) |
|
|
116 |
|
|
|
116 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C2, Cl A4 |
|
|
|
|
|
|
|
|
3.525%, 05/10/2063 |
|
$ |
395 |
|
|
$ |
395 |
|
UBS-Barclays Commercial Mortgage Trust, Ser 2012-CN, Cl XA, IO |
|
|
|
|
|
|
|
|
1.299%, 05/10/2063(A)(B) |
|
|
209 |
|
|
|
– |
|
Wells Fargo Commercial Mortgage Trust, Ser 2015-NXS3, Cl ASB |
|
|
|
|
|
|
|
|
3.371%, 09/15/2057 |
|
|
112 |
|
|
|
112 |
|
WFRBS Commercial Mortgage Trust, Ser 2012-C7, Cl XA, IO |
|
|
|
|
|
|
|
|
1.201%, 06/15/2045(A)(B) |
|
|
398 |
|
|
|
– |
|
WFRBS Commercial Mortgage Trust, Ser 2013-C11, Cl AS |
|
|
|
|
|
|
|
|
3.311%, 03/15/2045 |
|
|
160 |
|
|
|
161 |
|
WFRBS Commercial Mortgage Trust, Ser 2013-C13, Cl XA, IO |
|
|
|
|
|
|
|
|
1.173%, 05/15/2045(A)(B) |
|
|
980 |
|
|
|
8 |
|
WFRBS Commercial Mortgage Trust, Ser 2014-C23, Cl B |
|
|
|
|
|
|
|
|
4.388%, 10/15/2057(A) |
|
|
270 |
|
|
|
272 |
|
WFRBS Commercial Mortgage Trust, Ser 2014-C23, Cl XA, IO |
|
|
|
|
|
|
|
|
0.561%, 10/15/2057(A) |
|
|
957 |
|
|
|
11 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
37,243 |
|
Total Mortgage-Backed Securities |
|
|
|
|
|
|
|
|
(Cost $168,945) ($ Thousands) |
|
|
|
|
|
|
162,053 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
CORPORATE OBLIGATIONS — 27.7% |
Communication Services — 2.7% |
|
|
|
|
Alphabet |
|
|
|
|
|
|
|
|
2.050%, 08/15/2050 |
|
|
70 |
|
|
|
55 |
|
1.100%, 08/15/2030 |
|
|
40 |
|
|
|
35 |
|
0.800%, 08/15/2027 |
|
|
30 |
|
|
|
27 |
|
0.450%, 08/15/2025 |
|
|
20 |
|
|
|
19 |
|
AT&T |
|
|
|
|
|
|
|
|
4.250%, 03/01/2027 |
|
|
150 |
|
|
|
157 |
|
3.994%, 11/27/2022 (B)(C) |
|
|
2,000 |
|
|
|
1,968 |
|
3.000%, 06/30/2022 |
|
|
10 |
|
|
|
10 |
|
2.550%, 12/01/2033 |
|
|
492 |
|
|
|
437 |
|
2.300%, 06/01/2027 |
|
|
120 |
|
|
|
114 |
|
1.650%, 02/01/2028 |
|
|
400 |
|
|
|
364 |
|
Charter Communications Operating |
|
|
|
|
|
|
|
|
5.050%, 03/30/2029 |
|
|
220 |
|
|
|
233 |
|
4.908%, 07/23/2025 |
|
|
490 |
|
|
|
508 |
|
4.800%, 03/01/2050 |
|
|
40 |
|
|
|
38 |
|
4.400%, 04/01/2033 |
|
|
110 |
|
|
|
110 |
|
3.750%, 02/15/2028 |
|
|
200 |
|
|
|
198 |
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Comcast |
|
|
|
|
|
|
|
|
4.250%, 10/15/2030 |
|
$ |
40 |
|
|
$ |
43 |
|
4.150%, 10/15/2028 |
|
|
80 |
|
|
|
84 |
|
3.950%, 10/15/2025 |
|
|
210 |
|
|
|
217 |
|
3.750%, 04/01/2040 |
|
|
20 |
|
|
|
20 |
|
3.450%, 02/01/2050 |
|
|
40 |
|
|
|
37 |
|
3.400%, 04/01/2030 |
|
|
140 |
|
|
|
142 |
|
3.300%, 04/01/2027 |
|
|
30 |
|
|
|
30 |
|
3.250%, 11/01/2039 |
|
|
30 |
|
|
|
29 |
|
3.150%, 03/01/2026 |
|
|
30 |
|
|
|
30 |
|
2.937%, 11/01/2056 (B) |
|
|
27 |
|
|
|
22 |
|
2.800%, 01/15/2051 |
|
|
30 |
|
|
|
25 |
|
Fox |
|
|
|
|
|
|
|
|
4.709%, 01/25/2029 |
|
|
30 |
|
|
|
32 |
|
Magallanes |
|
|
|
|
|
|
|
|
4.279%, 03/15/2032 (B) |
|
|
400 |
|
|
|
402 |
|
4.054%, 03/15/2029 (B) |
|
|
447 |
|
|
|
449 |
|
3.755%, 03/15/2027 (B) |
|
|
190 |
|
|
|
190 |
|
Prosus MTN |
|
|
|
|
|
|
|
|
3.061%, 07/13/2031 (B) |
|
|
410 |
|
|
|
341 |
|
TCI Communications |
|
|
|
|
|
|
|
|
7.875%, 02/15/2026 |
|
|
240 |
|
|
|
280 |
|
Tencent Holdings MTN |
|
|
|
|
|
|
|
|
3.595%, 01/19/2028 (B) |
|
|
250 |
|
|
|
243 |
|
T-Mobile USA |
|
|
|
|
|
|
|
|
3.875%, 04/15/2030 |
|
|
220 |
|
|
|
221 |
|
3.750%, 04/15/2027 |
|
|
20 |
|
|
|
20 |
|
3.500%, 04/15/2025 |
|
|
369 |
|
|
|
371 |
|
2.550%, 02/15/2031 |
|
|
190 |
|
|
|
172 |
|
2.050%, 02/15/2028 |
|
|
20 |
|
|
|
18 |
|
Verizon Communications |
|
|
|
|
|
|
|
|
4.862%, 08/21/2046 |
|
|
40 |
|
|
|
46 |
|
4.329%, 09/21/2028 |
|
|
435 |
|
|
|
459 |
|
4.125%, 08/15/2046 |
|
|
40 |
|
|
|
41 |
|
4.000%, 03/22/2050 |
|
|
40 |
|
|
|
41 |
|
3.875%, 02/08/2029 |
|
|
30 |
|
|
|
31 |
|
3.850%, 11/01/2042 |
|
|
10 |
|
|
|
10 |
|
3.000%, 03/22/2027 |
|
|
120 |
|
|
|
119 |
|
2.650%, 11/20/2040 |
|
|
300 |
|
|
|
255 |
|
2.550%, 03/21/2031 |
|
|
1,414 |
|
|
|
1,314 |
|
2.355%, 03/15/2032 (B) |
|
|
983 |
|
|
|
888 |
|
2.100%, 03/22/2028 |
|
|
90 |
|
|
|
84 |
|
Walt Disney |
|
|
|
|
|
|
|
|
3.350%, 03/24/2025 |
|
|
223 |
|
|
|
226 |
|
3.000%, 09/15/2022 |
|
|
30 |
|
|
|
30 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
11,235 |
|
| |
|
|
|
|
|
|
|
|
Consumer Discretionary — 1.5% |
|
|
|
|
Amazon.com |
|
|
|
|
|
|
|
|
4.250%, 08/22/2057 |
|
|
10 |
|
|
|
11 |
|
3.150%, 08/22/2027 |
|
|
470 |
|
|
|
476 |
|
1.200%, 06/03/2027 |
|
|
20 |
|
|
|
18 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
American Honda Finance MTN |
|
|
|
|
|
|
|
|
0.875%, 07/07/2023 |
|
$ |
846 |
|
|
$ |
832 |
|
Aptiv |
|
|
|
|
|
|
|
|
3.250%, 03/01/2032 |
|
|
639 |
|
|
|
606 |
|
Dollar General |
|
|
|
|
|
|
|
|
3.250%, 04/15/2023 |
|
|
10 |
|
|
|
10 |
|
Ferguson Finance |
|
|
|
|
|
|
|
|
4.500%, 10/24/2028 (B) |
|
|
459 |
|
|
|
473 |
|
3.250%, 06/02/2030 (B) |
|
|
851 |
|
|
|
810 |
|
General Motors Financial |
|
|
|
|
|
|
|
|
3.700%, 05/09/2023 |
|
|
190 |
|
|
|
192 |
|
3.100%, 01/12/2032 |
|
|
30 |
|
|
|
27 |
|
Home Depot |
|
|
|
|
|
|
|
|
3.900%, 12/06/2028 |
|
|
10 |
|
|
|
10 |
|
3.900%, 06/15/2047 |
|
|
10 |
|
|
|
10 |
|
3.350%, 04/15/2050 |
|
|
50 |
|
|
|
47 |
|
3.300%, 04/15/2040 |
|
|
40 |
|
|
|
39 |
|
2.875%, 04/15/2027 |
|
|
170 |
|
|
|
169 |
|
2.500%, 04/15/2027 |
|
|
450 |
|
|
|
442 |
|
Honda Motor |
|
|
|
|
|
|
|
|
2.534%, 03/10/2027 |
|
|
632 |
|
|
|
612 |
|
Lowe's |
|
|
|
|
|
|
|
|
4.500%, 04/15/2030 |
|
|
30 |
|
|
|
32 |
|
1.700%, 09/15/2028 |
|
|
80 |
|
|
|
72 |
|
McDonald's MTN |
|
|
|
|
|
|
|
|
4.200%, 04/01/2050 |
|
|
70 |
|
|
|
73 |
|
3.800%, 04/01/2028 |
|
|
280 |
|
|
|
288 |
|
3.700%, 01/30/2026 |
|
|
10 |
|
|
|
10 |
|
3.625%, 09/01/2049 |
|
|
10 |
|
|
|
10 |
|
3.500%, 03/01/2027 |
|
|
20 |
|
|
|
20 |
|
3.500%, 07/01/2027 |
|
|
10 |
|
|
|
10 |
|
3.350%, 04/01/2023 |
|
|
280 |
|
|
|
283 |
|
3.300%, 07/01/2025 |
|
|
50 |
|
|
|
51 |
|
1.450%, 09/01/2025 |
|
|
10 |
|
|
|
10 |
|
Newell Brands |
|
|
|
|
|
|
|
|
4.100%, 04/01/2023 |
|
|
53 |
|
|
|
54 |
|
NIKE |
|
|
|
|
|
|
|
|
3.375%, 03/27/2050 |
|
|
30 |
|
|
|
30 |
|
2.750%, 03/27/2027 |
|
|
40 |
|
|
|
40 |
|
2.400%, 03/27/2025 |
|
|
40 |
|
|
|
40 |
|
Target |
|
|
|
|
|
|
|
|
2.250%, 04/15/2025 |
|
|
80 |
|
|
|
79 |
|
Toyota Motor |
|
|
|
|
|
|
|
|
1.339%, 03/25/2026 |
|
|
210 |
|
|
|
198 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
6,084 |
|
| |
|
|
|
|
|
|
|
|
Consumer Staples — 0.5% |
|
|
|
|
Cargill |
|
|
|
|
|
|
|
|
1.375%, 07/23/2023 (B) |
|
|
70 |
|
|
|
69 |
|
Coca-Cola |
|
|
|
|
|
|
|
|
3.375%, 03/25/2027 |
|
|
30 |
|
|
|
31 |
|
2.600%, 06/01/2050 |
|
|
10 |
|
|
|
9 |
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
1.450%, 06/01/2027 |
|
$ |
80 |
|
|
$ |
75 |
|
Costco Wholesale |
|
|
|
|
|
|
|
|
1.600%, 04/20/2030 |
|
|
90 |
|
|
|
81 |
|
1.375%, 06/20/2027 |
|
|
120 |
|
|
|
111 |
|
Hershey |
|
|
|
|
|
|
|
|
0.900%, 06/01/2025 |
|
|
20 |
|
|
|
19 |
|
Kimberly-Clark |
|
|
|
|
|
|
|
|
3.100%, 03/26/2030 |
|
|
20 |
|
|
|
20 |
|
Kroger |
|
|
|
|
|
|
|
|
7.700%, 06/01/2029 |
|
|
565 |
|
|
|
717 |
|
Mars |
|
|
|
|
|
|
|
|
3.200%, 04/01/2030 (B) |
|
|
30 |
|
|
|
30 |
|
2.700%, 04/01/2025 (B) |
|
|
60 |
|
|
|
59 |
|
Mondelez International |
|
|
|
|
|
|
|
|
1.500%, 05/04/2025 |
|
|
180 |
|
|
|
172 |
|
PepsiCo |
|
|
|
|
|
|
|
|
2.625%, 03/19/2027 |
|
|
10 |
|
|
|
10 |
|
2.250%, 03/19/2025 |
|
|
331 |
|
|
|
327 |
|
1.625%, 05/01/2030 |
|
|
70 |
|
|
|
63 |
|
0.750%, 05/01/2023 |
|
|
80 |
|
|
|
79 |
|
Procter & Gamble |
|
|
|
|
|
|
|
|
3.000%, 03/25/2030 |
|
|
40 |
|
|
|
40 |
|
2.800%, 03/25/2027 |
|
|
10 |
|
|
|
10 |
|
Walmart |
|
|
|
|
|
|
|
|
1.800%, 09/22/2031 |
|
|
160 |
|
|
|
146 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
2,068 |
|
| |
|
|
|
|
|
|
|
|
Energy — 2.8% |
|
|
|
|
Berkshire Hathaway Energy |
|
|
|
|
|
|
|
|
3.700%, 07/15/2030 |
|
|
140 |
|
|
|
144 |
|
BP Capital Markets America |
|
|
|
|
|
|
|
|
3.790%, 02/06/2024 |
|
|
80 |
|
|
|
81 |
|
3.633%, 04/06/2030 |
|
|
50 |
|
|
|
51 |
|
3.410%, 02/11/2026 |
|
|
90 |
|
|
|
91 |
|
3.119%, 05/04/2026 |
|
|
170 |
|
|
|
170 |
|
BP Capital Markets PLC |
|
|
|
|
|
|
|
|
3.535%, 11/04/2024 |
|
|
20 |
|
|
|
20 |
|
Cameron LNG |
|
|
|
|
|
|
|
|
2.902%, 07/15/2031 (B) |
|
|
60 |
|
|
|
57 |
|
Chevron |
|
|
|
|
|
|
|
|
1.995%, 05/11/2027 |
|
|
40 |
|
|
|
38 |
|
1.554%, 05/11/2025 |
|
|
70 |
|
|
|
68 |
|
Chevron USA |
|
|
|
|
|
|
|
|
3.850%, 01/15/2028 |
|
|
30 |
|
|
|
31 |
|
3.250%, 10/15/2029 |
|
|
80 |
|
|
|
81 |
|
Continental Resources |
|
|
|
|
|
|
|
|
5.750%, 01/15/2031 (B) |
|
|
10 |
|
|
|
11 |
|
4.375%, 01/15/2028 |
|
|
120 |
|
|
|
122 |
|
3.800%, 06/01/2024 |
|
|
190 |
|
|
|
191 |
|
Coterra Energy |
|
|
|
|
|
|
|
|
4.375%, 06/01/2024 (B) |
|
|
160 |
|
|
|
163 |
|
4.375%, 03/15/2029 (B) |
|
|
300 |
|
|
|
313 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
3.900%, 05/15/2027 (B) |
|
$ |
160 |
|
|
$ |
161 |
|
Devon Energy |
|
|
|
|
|
|
|
|
5.850%, 12/15/2025 |
|
|
210 |
|
|
|
227 |
|
5.250%, 10/15/2027 |
|
|
64 |
|
|
|
66 |
|
5.000%, 06/15/2045 |
|
|
70 |
|
|
|
76 |
|
4.500%, 01/15/2030 |
|
|
32 |
|
|
|
33 |
|
Diamondback Energy |
|
|
|
|
|
|
|
|
3.500%, 12/01/2029 |
|
|
50 |
|
|
|
50 |
|
3.250%, 12/01/2026 |
|
|
30 |
|
|
|
30 |
|
3.125%, 03/24/2031 |
|
|
40 |
|
|
|
38 |
|
Ecopetrol |
|
|
|
|
|
|
|
|
5.375%, 06/26/2026 |
|
|
140 |
|
|
|
142 |
|
Energy Transfer |
|
|
|
|
|
|
|
|
4.950%, 06/15/2028 |
|
|
10 |
|
|
|
11 |
|
4.500%, 11/01/2023 |
|
|
60 |
|
|
|
61 |
|
3.750%, 05/15/2030 |
|
|
220 |
|
|
|
216 |
|
2.900%, 05/15/2025 |
|
|
140 |
|
|
|
137 |
|
Enterprise Products Operating |
|
|
|
|
|
|
|
|
4.800%, 02/01/2049 |
|
|
30 |
|
|
|
32 |
|
4.200%, 01/31/2050 |
|
|
10 |
|
|
|
10 |
|
4.150%, 10/16/2028 |
|
|
140 |
|
|
|
146 |
|
3.950%, 02/15/2027 |
|
|
150 |
|
|
|
154 |
|
3.950%, 01/31/2060 |
|
|
10 |
|
|
|
9 |
|
3.900%, 02/15/2024 |
|
|
457 |
|
|
|
465 |
|
3.700%, 01/31/2051 |
|
|
80 |
|
|
|
73 |
|
3.125%, 07/31/2029 |
|
|
210 |
|
|
|
206 |
|
2.800%, 01/31/2030 |
|
|
230 |
|
|
|
221 |
|
EOG Resources |
|
|
|
|
|
|
|
|
4.375%, 04/15/2030 |
|
|
190 |
|
|
|
206 |
|
4.150%, 01/15/2026 |
|
|
160 |
|
|
|
166 |
|
Exxon Mobil |
|
|
|
|
|
|
|
|
4.327%, 03/19/2050 |
|
|
30 |
|
|
|
33 |
|
3.043%, 03/01/2026 |
|
|
150 |
|
|
|
151 |
|
2.992%, 03/19/2025 |
|
|
270 |
|
|
|
271 |
|
2.610%, 10/15/2030 |
|
|
100 |
|
|
|
96 |
|
1.571%, 04/15/2023 |
|
|
10 |
|
|
|
10 |
|
KazMunayGas National JSC |
|
|
|
|
|
|
|
|
5.375%, 04/24/2030 (B) |
|
|
400 |
|
|
|
384 |
|
Kinder Morgan |
|
|
|
|
|
|
|
|
5.550%, 06/01/2045 |
|
|
20 |
|
|
|
22 |
|
4.300%, 06/01/2025 |
|
|
60 |
|
|
|
62 |
|
Lukoil Capital DAC |
|
|
|
|
|
|
|
|
3.600%, 10/26/2031 (B) |
|
|
230 |
|
|
|
117 |
|
2.800%, 04/26/2027 (B) |
|
|
200 |
|
|
|
106 |
|
MidAmerican Energy |
|
|
|
|
|
|
|
|
3.650%, 04/15/2029 |
|
|
140 |
|
|
|
144 |
|
MPLX |
|
|
|
|
|
|
|
|
5.200%, 03/01/2047 |
|
|
30 |
|
|
|
32 |
|
5.200%, 12/01/2047 |
|
|
50 |
|
|
|
53 |
|
4.800%, 02/15/2029 |
|
|
50 |
|
|
|
53 |
|
4.125%, 03/01/2027 |
|
|
110 |
|
|
|
112 |
|
4.000%, 03/15/2028 |
|
|
40 |
|
|
|
41 |
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Occidental Petroleum |
|
|
|
|
|
|
|
|
5.550%, 03/15/2026 |
|
$ |
170 |
|
|
$ |
180 |
|
4.777%, 10/10/2036 (C) |
|
|
1,641 |
|
|
|
880 |
|
3.400%, 04/15/2026 |
|
|
80 |
|
|
|
80 |
|
3.200%, 08/15/2026 |
|
|
130 |
|
|
|
128 |
|
3.000%, 02/15/2027 |
|
|
130 |
|
|
|
127 |
|
Petrobras Global Finance BV |
|
|
|
|
|
|
|
|
6.850%, 06/05/2115 |
|
|
150 |
|
|
|
141 |
|
Petroleos del Peru |
|
|
|
|
|
|
|
|
4.750%, 06/19/2032 (B) |
|
|
400 |
|
|
|
358 |
|
Phillips 66 |
|
|
|
|
|
|
|
|
3.700%, 04/06/2023 |
|
|
582 |
|
|
|
590 |
|
Pioneer Natural Resources |
|
|
|
|
|
|
|
|
2.150%, 01/15/2031 |
|
|
40 |
|
|
|
36 |
|
1.900%, 08/15/2030 |
|
|
70 |
|
|
|
62 |
|
1.125%, 01/15/2026 |
|
|
50 |
|
|
|
46 |
|
Reliance Industries |
|
|
|
|
|
|
|
|
3.625%, 01/12/2052 (B) |
|
|
250 |
|
|
|
222 |
|
Schlumberger Holdings |
|
|
|
|
|
|
|
|
3.900%, 05/17/2028 (B) |
|
|
456 |
|
|
|
461 |
|
Shell International Finance BV |
|
|
|
|
|
|
|
|
3.250%, 05/11/2025 |
|
|
150 |
|
|
|
152 |
|
3.250%, 04/06/2050 |
|
|
110 |
|
|
|
103 |
|
2.875%, 05/10/2026 |
|
|
90 |
|
|
|
90 |
|
2.750%, 04/06/2030 |
|
|
40 |
|
|
|
39 |
|
Sinopec Group Overseas Development |
|
|
|
|
|
|
|
|
4.375%, 04/10/2024 (B) |
|
|
290 |
|
|
|
298 |
|
Tennessee Gas Pipeline |
|
|
|
|
|
|
|
|
2.900%, 03/01/2030 (B) |
|
|
160 |
|
|
|
150 |
|
Transcontinental Gas Pipe Line |
|
|
|
|
|
|
|
|
3.250%, 05/15/2030 |
|
|
100 |
|
|
|
98 |
|
Western Midstream Operating |
|
|
|
|
|
|
|
|
4.550%, 02/01/2030 |
|
|
20 |
|
|
|
20 |
|
3.600%, 02/01/2025 |
|
|
30 |
|
|
|
30 |
|
1.844%, 01/13/2023 (A) |
|
|
20 |
|
|
|
20 |
|
Williams |
|
|
|
|
|
|
|
|
5.100%, 09/15/2045 |
|
|
70 |
|
|
|
76 |
|
4.900%, 01/15/2045 |
|
|
90 |
|
|
|
94 |
|
3.750%, 06/15/2027 |
|
|
390 |
|
|
|
394 |
|
3.500%, 11/15/2030 |
|
|
20 |
|
|
|
20 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
11,150 |
|
| |
|
|
|
|
|
|
|
|
Financials — 11.0% |
|
|
|
|
American Express |
|
|
|
|
|
|
|
|
2.650%, 12/02/2022 |
|
|
264 |
|
|
|
266 |
|
American International Group |
|
|
|
|
|
|
|
|
2.500%, 06/30/2025 |
|
|
40 |
|
|
|
39 |
|
Aviation Capital Group |
|
|
|
|
|
|
|
|
4.125%, 08/01/2025 (B) |
|
|
160 |
|
|
|
159 |
|
1.950%, 01/30/2026 (B) |
|
|
567 |
|
|
|
521 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Banco Santander |
|
|
|
|
|
|
|
|
4.175%, US Treas Yield Curve Rate T Note Const Mat 1 Yr + 2.000%, 03/24/2028 (A) |
|
$ |
200 |
|
|
$ |
201 |
|
3.125%, 02/23/2023 |
|
|
200 |
|
|
|
201 |
|
2.746%, 05/28/2025 |
|
|
200 |
|
|
|
195 |
|
1.358%, ICE LIBOR USD 3 Month + 1.120%, 04/12/2023 (A) |
|
|
200 |
|
|
|
201 |
|
Bank of America |
|
|
|
|
|
|
|
|
3.419%, ICE LIBOR USD 3 Month + 1.040%, 12/20/2028 (A) |
|
|
234 |
|
|
|
232 |
|
3.004%, ICE LIBOR USD 3 Month + 0.790%, 12/20/2023 (A) |
|
|
258 |
|
|
|
259 |
|
2.972%, U.S. SOFR + 1.330%, 02/04/2033 (A) |
|
|
90 |
|
|
|
84 |
|
2.592%, U.S. SOFR + 2.150%, 04/29/2031 (A) |
|
|
380 |
|
|
|
351 |
|
2.572%, U.S. SOFR + 1.210%, 10/20/2032 (A) |
|
|
240 |
|
|
|
218 |
|
1.734%, U.S. SOFR + 0.960%, 07/22/2027 (A) |
|
|
2,006 |
|
|
|
1,863 |
|
Bank of America MTN |
|
|
|
|
|
|
|
|
4.250%, 10/22/2026 |
|
|
10 |
|
|
|
10 |
|
4.200%, 08/26/2024 |
|
|
210 |
|
|
|
215 |
|
4.125%, 01/22/2024 |
|
|
370 |
|
|
|
380 |
|
4.100%, 07/24/2023 |
|
|
280 |
|
|
|
286 |
|
4.083%, ICE LIBOR USD 3 Month + 3.150%, 03/20/2051 (A) |
|
|
40 |
|
|
|
41 |
|
4.000%, 04/01/2024 |
|
|
440 |
|
|
|
452 |
|
4.000%, 01/22/2025 |
|
|
80 |
|
|
|
81 |
|
3.974%, ICE LIBOR USD 3 Month + 1.210%, 02/07/2030 (A) |
|
|
80 |
|
|
|
81 |
|
3.593%, ICE LIBOR USD 3 Month + 1.370%, 07/21/2028 (A) |
|
|
210 |
|
|
|
210 |
|
3.550%, ICE LIBOR USD 3 Month + 0.780%, 03/05/2024 (A) |
|
|
80 |
|
|
|
80 |
|
3.500%, 04/19/2026 |
|
|
130 |
|
|
|
132 |
|
3.300%, 01/11/2023 |
|
|
60 |
|
|
|
61 |
|
Bank of Montreal MTN |
|
|
|
|
|
|
|
|
1.850%, 05/01/2025 |
|
|
130 |
|
|
|
125 |
|
Bank of New York Mellon MTN |
|
|
|
|
|
|
|
|
3.300%, 08/23/2029 |
|
|
790 |
|
|
|
786 |
|
1.600%, 04/24/2025 |
|
|
40 |
|
|
|
39 |
|
Bank of Nova Scotia |
|
|
|
|
|
|
|
|
1.300%, 06/11/2025 |
|
|
70 |
|
|
|
66 |
|
Barclays Bank |
|
|
|
|
|
|
|
|
1.700%, 05/12/2022 |
|
|
200 |
|
|
|
200 |
|
Blackstone Holdings Finance |
|
|
|
|
|
|
|
|
1.600%, 03/30/2031 (B) |
|
|
590 |
|
|
|
499 |
|
BNP Paribas |
|
|
|
|
|
|
|
|
5.198%, ICE LIBOR USD 3 Month + 2.567%, 01/10/2030 (A)(B) |
|
|
200 |
|
|
|
213 |
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
4.705%, ICE LIBOR USD 3 Month + 2.235%, 01/10/2025 (A)(B) |
|
$ |
270 |
|
|
$ |
276 |
|
4.400%, 08/14/2028 (B) |
|
|
200 |
|
|
|
204 |
|
2.871%, U.S. SOFR + 1.387%, 04/19/2032 (A)(B) |
|
|
200 |
|
|
|
182 |
|
2.591%, U.S. SOFR + 1.228%, 01/20/2028 (A)(B) |
|
|
542 |
|
|
|
510 |
|
1.675%, U.S. SOFR + 0.912%, 06/30/2027 (A)(B) |
|
|
290 |
|
|
|
265 |
|
BPCE |
|
|
|
|
|
|
|
|
1.625%, 01/14/2025 (B) |
|
|
1,085 |
|
|
|
1,035 |
|
BPCE MTN |
|
|
|
|
|
|
|
|
3.000%, 05/22/2022 (B) |
|
|
640 |
|
|
|
641 |
|
Capital One Financial |
|
|
|
|
|
|
|
|
3.300%, 10/30/2024 |
|
|
480 |
|
|
|
483 |
|
Carlyle Finance Subsidiary |
|
|
|
|
|
|
|
|
3.500%, 09/19/2029 (B) |
|
|
716 |
|
|
|
703 |
|
Charles Schwab |
|
|
|
|
|
|
|
|
3.850%, 05/21/2025 |
|
|
110 |
|
|
|
112 |
|
Citigroup |
|
|
|
|
|
|
|
|
8.125%, 07/15/2039 |
|
|
12 |
|
|
|
18 |
|
5.500%, 09/13/2025 |
|
|
450 |
|
|
|
480 |
|
5.300%, 05/06/2044 |
|
|
31 |
|
|
|
35 |
|
4.650%, 07/30/2045 |
|
|
28 |
|
|
|
31 |
|
4.450%, 09/29/2027 |
|
|
120 |
|
|
|
124 |
|
4.412%, U.S. SOFR + 3.914%, 03/31/2031 (A) |
|
|
100 |
|
|
|
104 |
|
4.400%, 06/10/2025 |
|
|
160 |
|
|
|
165 |
|
4.300%, 11/20/2026 |
|
|
40 |
|
|
|
41 |
|
4.125%, 07/25/2028 |
|
|
40 |
|
|
|
41 |
|
4.075%, ICE LIBOR USD 3 Month + 1.192%, 04/23/2029 (A) |
|
|
240 |
|
|
|
245 |
|
4.050%, 07/30/2022 |
|
|
40 |
|
|
|
40 |
|
3.785%, U.S. SOFR + 1.939%, 03/17/2033 (A) |
|
|
150 |
|
|
|
149 |
|
3.668%, ICE LIBOR USD 3 Month + 1.390%, 07/24/2028 (A) |
|
|
340 |
|
|
|
340 |
|
3.500%, 05/15/2023 |
|
|
100 |
|
|
|
101 |
|
3.400%, 05/01/2026 |
|
|
354 |
|
|
|
357 |
|
3.200%, 10/21/2026 |
|
|
287 |
|
|
|
285 |
|
3.106%, U.S. SOFR + 2.842%, 04/08/2026 (A) |
|
|
150 |
|
|
|
149 |
|
2.572%, U.S. SOFR + 2.107%, 06/03/2031 (A) |
|
|
200 |
|
|
|
183 |
|
2.520%, U.S. SOFR + 1.177%, 11/03/2032 (A) |
|
|
110 |
|
|
|
99 |
|
1.678%, U.S. SOFR + 1.667%, 05/15/2024 (A) |
|
|
903 |
|
|
|
896 |
|
Cooperatieve Rabobank UA |
|
|
|
|
|
|
|
|
4.375%, 08/04/2025 |
|
|
500 |
|
|
|
508 |
|
3.875%, 09/26/2023 (B) |
|
|
595 |
|
|
|
605 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Credit Agricole MTN |
|
|
|
|
|
|
|
|
1.907%, U.S. SOFR + 1.676%, 06/16/2026 (A)(B) |
|
$ |
250 |
|
|
$ |
236 |
|
Credit Suisse Group |
|
|
|
|
|
|
|
|
4.194%, U.S. SOFR + 3.730%, 04/01/2031 (A)(B) |
|
|
250 |
|
|
|
247 |
|
Credit Suisse NY |
|
|
|
|
|
|
|
|
2.950%, 04/09/2025 |
|
|
250 |
|
|
|
247 |
|
Daiwa Securities Group |
|
|
|
|
|
|
|
|
3.129%, 04/19/2022 (B) |
|
|
50 |
|
|
|
50 |
|
Danske Bank |
|
|
|
|
|
|
|
|
4.298%, US Treas Yield Curve Rate T Note Const Mat 1 Yr + 1.750%, 04/01/2028 (A)(B) |
|
|
240 |
|
|
|
242 |
|
3.773%, US Treas Yield Curve Rate T Note Const Mat 1 Yr + 1.450%, 03/28/2025 (A)(B) |
|
|
310 |
|
|
|
311 |
|
1.226%, 06/22/2024 (B) |
|
|
200 |
|
|
|
190 |
|
Equitable Financial Life Global Funding |
|
|
|
|
|
|
|
|
1.400%, 07/07/2025 (B) |
|
|
673 |
|
|
|
632 |
|
Goldman Sachs Group |
|
|
|
|
|
|
|
|
4.250%, 10/21/2025 |
|
|
190 |
|
|
|
195 |
|
4.223%, ICE LIBOR USD 3 Month + 1.301%, 05/01/2029 (A) |
|
|
650 |
|
|
|
666 |
|
3.691%, ICE LIBOR USD 3 Month + 1.510%, 06/05/2028 (A) |
|
|
400 |
|
|
|
400 |
|
3.615%, U.S. SOFR + 1.846%, 03/15/2028 (A) |
|
|
30 |
|
|
|
30 |
|
3.500%, 04/01/2025 |
|
|
80 |
|
|
|
81 |
|
3.500%, 11/16/2026 |
|
|
90 |
|
|
|
90 |
|
2.650%, U.S. SOFR + 1.264%, 10/21/2032 (A) |
|
|
110 |
|
|
|
99 |
|
Goldman Sachs Group MTN |
|
|
|
|
|
|
|
|
4.000%, 03/03/2024 |
|
|
420 |
|
|
|
429 |
|
Guardian Life Global Funding |
|
|
|
|
|
|
|
|
1.100%, 06/23/2025 (B) |
|
|
30 |
|
|
|
28 |
|
HSBC Holdings PLC |
|
|
|
|
|
|
|
|
4.583%, ICE LIBOR USD 3 Month + 1.535%, 06/19/2029 (A) |
|
|
200 |
|
|
|
206 |
|
Intesa Sanpaolo |
|
|
|
|
|
|
|
|
3.375%, 01/12/2023 (B) |
|
|
200 |
|
|
|
200 |
|
3.125%, 07/14/2022 (B) |
|
|
200 |
|
|
|
200 |
|
Intesa Sanpaolo MTN |
|
|
|
|
|
|
|
|
5.017%, 06/26/2024 (B) |
|
|
200 |
|
|
|
202 |
|
JPMorgan Chase |
|
|
|
|
|
|
|
|
4.452%, ICE LIBOR USD 3 Month + 1.330%, 12/05/2029 (A) |
|
|
200 |
|
|
|
208 |
|
4.203%, ICE LIBOR USD 3 Month + 1.260%, 07/23/2029 (A) |
|
|
773 |
|
|
|
799 |
|
4.023%, ICE LIBOR USD 3 Month + 1.000%, 12/05/2024 (A) |
|
|
230 |
|
|
|
234 |
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
4.005%, ICE LIBOR USD 3 Month + 1.120%, 04/23/2029 (A) |
|
$ |
100 |
|
|
$ |
102 |
|
3.875%, 09/10/2024 |
|
|
290 |
|
|
|
296 |
|
2.545%, U.S. SOFR + 1.180%, 11/08/2032 (A) |
|
|
110 |
|
|
|
100 |
|
2.522%, U.S. SOFR + 2.040%, 04/22/2031 (A) |
|
|
190 |
|
|
|
176 |
|
2.083%, U.S. SOFR + 1.850%, 04/22/2026 (A) |
|
|
130 |
|
|
|
125 |
|
1.514%, U.S. SOFR + 1.455%, 06/01/2024 (A) |
|
|
210 |
|
|
|
207 |
|
KKR Group Finance VI |
|
|
|
|
|
|
|
|
3.750%, 07/01/2029 (B) |
|
|
1,149 |
|
|
|
1,177 |
|
Lincoln National |
|
|
|
|
|
|
|
|
3.400%, 01/15/2031 |
|
|
451 |
|
|
|
442 |
|
Lloyds Banking Group |
|
|
|
|
|
|
|
|
1.326%, US Treas Yield Curve Rate T Note Const Mat 1 Yr + 1.100%, 06/15/2023 (A) |
|
|
360 |
|
|
|
359 |
|
Macquarie Bank |
|
|
|
|
|
|
|
|
2.300%, 01/22/2025 (B) |
|
|
1,188 |
|
|
|
1,154 |
|
Macquarie Group MTN |
|
|
|
|
|
|
|
|
4.150%, ICE LIBOR USD 3 Month + 1.330%, 03/27/2024 (A)(B) |
|
|
495 |
|
|
|
501 |
|
Manulife Financial |
|
|
|
|
|
|
|
|
3.703%, 03/16/2032 |
|
|
1,046 |
|
|
|
1,056 |
|
MassMutual Global Funding II MTN |
|
|
|
|
|
|
|
|
0.850%, 06/09/2023 (B) |
|
|
220 |
|
|
|
216 |
|
Mitsubishi UFJ Financial Group |
|
|
|
|
|
|
|
|
3.407%, 03/07/2024 |
|
|
510 |
|
|
|
515 |
|
Moody's |
|
|
|
|
|
|
|
|
2.000%, 08/19/2031 |
|
|
1,000 |
|
|
|
887 |
|
Morgan Stanley MTN |
|
|
|
|
|
|
|
|
3.772%, ICE LIBOR USD 3 Month + 1.140%, 01/24/2029 (A) |
|
|
150 |
|
|
|
151 |
|
3.750%, 02/25/2023 |
|
|
1,110 |
|
|
|
1,127 |
|
3.622%, U.S. SOFR + 3.120%, 04/01/2031 (A) |
|
|
475 |
|
|
|
473 |
|
2.699%, U.S. SOFR + 1.143%, 01/22/2031 (A) |
|
|
200 |
|
|
|
188 |
|
2.188%, U.S. SOFR + 1.990%, 04/28/2026 (A) |
|
|
400 |
|
|
|
386 |
|
NatWest Group |
|
|
|
|
|
|
|
|
4.519%, ICE LIBOR USD 3 Month + 1.550%, 06/25/2024 (A) |
|
|
290 |
|
|
|
295 |
|
4.269%, ICE LIBOR USD 3 Month + 1.762%, 03/22/2025 (A) |
|
|
200 |
|
|
|
202 |
|
New York Life Global Funding |
|
|
|
|
|
|
|
|
0.950%, 06/24/2025 (B) |
|
|
60 |
|
|
|
56 |
|
ORIX |
|
|
|
|
|
|
|
|
4.050%, 01/16/2024 |
|
|
365 |
|
|
|
372 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Peachtree Corners Funding Trust |
|
|
|
|
|
|
|
|
3.976%, 02/15/2025 (B) |
|
$ |
944 |
|
|
$ |
956 |
|
Principal Life Global Funding II |
|
|
|
|
|
|
|
|
1.250%, 06/23/2025 (B) |
|
|
20 |
|
|
|
19 |
|
Royal Bank of Canada MTN |
|
|
|
|
|
|
|
|
1.600%, 04/17/2023 |
|
|
120 |
|
|
|
119 |
|
1.150%, 06/10/2025 |
|
|
70 |
|
|
|
66 |
|
Standard Chartered |
|
|
|
|
|
|
|
|
0.991%, US Treas Yield Curve Rate T Note Const Mat 1 Yr + 0.780%, 01/12/2025 (A)(B) |
|
|
670 |
|
|
|
640 |
|
State Street |
|
|
|
|
|
|
|
|
3.152%, U.S. SOFR + 2.650%, 03/30/2031 (A) |
|
|
50 |
|
|
|
49 |
|
Swedbank |
|
|
|
|
|
|
|
|
1.538%, 11/16/2026 (B) |
|
|
400 |
|
|
|
372 |
|
1.300%, 06/02/2023 (B) |
|
|
200 |
|
|
|
197 |
|
Toronto-Dominion Bank MTN |
|
|
|
|
|
|
|
|
3.200%, 03/10/2032 |
|
|
807 |
|
|
|
794 |
|
1.150%, 06/12/2025 |
|
|
918 |
|
|
|
866 |
|
0.750%, 06/12/2023 |
|
|
130 |
|
|
|
128 |
|
Truist Financial MTN |
|
|
|
|
|
|
|
|
1.267%, U.S. SOFR + 0.609%, 03/02/2027 (A) |
|
|
686 |
|
|
|
635 |
|
UBS Group |
|
|
|
|
|
|
|
|
2.746%, US Treas Yield Curve Rate T Note Const Mat 1 Yr + 1.100%, 02/11/2033 (A)(B) |
|
|
575 |
|
|
|
522 |
|
UBS Group Funding Jersey |
|
|
|
|
|
|
|
|
4.125%, 04/15/2026 (B) |
|
|
634 |
|
|
|
646 |
|
UBS Group Funding Switzerland |
|
|
|
|
|
|
|
|
4.253%, 03/23/2028 (B) |
|
|
250 |
|
|
|
255 |
|
3.491%, 05/23/2023 (B) |
|
|
390 |
|
|
|
391 |
|
US Bancorp |
|
|
|
|
|
|
|
|
3.375%, 02/05/2024 |
|
|
540 |
|
|
|
547 |
|
1.450%, 05/12/2025 |
|
|
160 |
|
|
|
153 |
|
USAA Capital |
|
|
|
|
|
|
|
|
2.125%, 05/01/2030 (B) |
|
|
150 |
|
|
|
138 |
|
Wells Fargo |
|
|
|
|
|
|
|
|
3.000%, 10/23/2026 |
|
|
190 |
|
|
|
187 |
|
2.188%, U.S. SOFR + 2.000%, 04/30/2026 (A) |
|
|
130 |
|
|
|
125 |
|
Wells Fargo MTN |
|
|
|
|
|
|
|
|
5.013%, U.S. SOFR + 4.502%, 04/04/2051 (A) |
|
|
380 |
|
|
|
451 |
|
4.900%, 11/17/2045 |
|
|
30 |
|
|
|
33 |
|
4.478%, U.S. SOFR + 4.032%, 04/04/2031 (A) |
|
|
220 |
|
|
|
233 |
|
4.300%, 07/22/2027 |
|
|
200 |
|
|
|
208 |
|
3.750%, 01/24/2024 |
|
|
540 |
|
|
|
550 |
|
3.350%, U.S. SOFR + 1.500%, 03/02/2033 (A) |
|
|
40 |
|
|
|
39 |
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
2.879%, U.S. SOFR + 1.432%, 10/30/2030 (A) |
|
$ |
100 |
|
|
$ |
95 |
|
2.393%, U.S. SOFR + 2.100%, 06/02/2028 (A) |
|
|
290 |
|
|
|
274 |
|
1.654%, U.S. SOFR + 1.600%, 06/02/2024 (A) |
|
|
160 |
|
|
|
158 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
44,785 |
|
| |
|
|
|
|
|
|
|
|
Health Care — 2.4% |
|
|
|
|
Abbott Laboratories |
|
|
|
|
|
|
|
|
3.400%, 11/30/2023 |
|
|
175 |
|
|
|
178 |
|
AbbVie |
|
|
|
|
|
|
|
|
4.250%, 11/21/2049 |
|
|
30 |
|
|
|
31 |
|
3.800%, 03/15/2025 |
|
|
40 |
|
|
|
41 |
|
3.750%, 11/14/2023 |
|
|
20 |
|
|
|
20 |
|
3.600%, 05/14/2025 |
|
|
10 |
|
|
|
10 |
|
3.200%, 11/21/2029 |
|
|
150 |
|
|
|
148 |
|
2.950%, 11/21/2026 |
|
|
20 |
|
|
|
20 |
|
2.600%, 11/21/2024 |
|
|
140 |
|
|
|
139 |
|
2.300%, 11/21/2022 |
|
|
1,046 |
|
|
|
1,050 |
|
Adventist Health System |
|
|
|
|
|
|
|
|
2.433%, 09/01/2024 |
|
|
431 |
|
|
|
421 |
|
Aetna |
|
|
|
|
|
|
|
|
2.800%, 06/15/2023 |
|
|
20 |
|
|
|
20 |
|
Anthem |
|
|
|
|
|
|
|
|
3.125%, 05/15/2022 |
|
|
340 |
|
|
|
341 |
|
Becton Dickinson |
|
|
|
|
|
|
|
|
4.685%, 12/15/2044 |
|
|
40 |
|
|
|
43 |
|
3.734%, 12/15/2024 |
|
|
7 |
|
|
|
7 |
|
3.363%, 06/06/2024 |
|
|
186 |
|
|
|
187 |
|
Bristol-Myers Squibb |
|
|
|
|
|
|
|
|
3.550%, 08/15/2022 |
|
|
60 |
|
|
|
60 |
|
3.400%, 07/26/2029 |
|
|
16 |
|
|
|
16 |
|
3.200%, 06/15/2026 |
|
|
79 |
|
|
|
80 |
|
2.900%, 07/26/2024 |
|
|
154 |
|
|
|
155 |
|
2.600%, 05/16/2022 |
|
|
80 |
|
|
|
80 |
|
Cigna |
|
|
|
|
|
|
|
|
4.375%, 10/15/2028 |
|
|
420 |
|
|
|
442 |
|
4.125%, 11/15/2025 |
|
|
200 |
|
|
|
206 |
|
3.750%, 07/15/2023 |
|
|
16 |
|
|
|
16 |
|
3.500%, 06/15/2024 |
|
|
160 |
|
|
|
162 |
|
1.250%, 03/15/2026 |
|
|
725 |
|
|
|
677 |
|
CommonSpirit Health |
|
|
|
|
|
|
|
|
4.200%, 08/01/2023 |
|
|
473 |
|
|
|
480 |
|
CVS Health |
|
|
|
|
|
|
|
|
5.050%, 03/25/2048 |
|
|
60 |
|
|
|
68 |
|
4.300%, 03/25/2028 |
|
|
164 |
|
|
|
172 |
|
3.875%, 07/20/2025 |
|
|
95 |
|
|
|
97 |
|
3.625%, 04/01/2027 |
|
|
180 |
|
|
|
183 |
|
2.125%, 09/15/2031 |
|
|
150 |
|
|
|
134 |
|
1.875%, 02/28/2031 |
|
|
20 |
|
|
|
18 |
|
1.750%, 08/21/2030 |
|
|
200 |
|
|
|
175 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
CVS Pass-Through Trust |
|
|
|
|
|
|
|
|
7.507%, 01/10/2032 (B) |
|
$ |
1,006 |
|
|
$ |
1,171 |
|
5.773%, 01/10/2033 (B) |
|
|
360 |
|
|
|
393 |
|
Eli Lilly |
|
|
|
|
|
|
|
|
2.350%, 05/15/2022 |
|
|
170 |
|
|
|
170 |
|
Gilead Sciences |
|
|
|
|
|
|
|
|
2.500%, 09/01/2023 |
|
|
50 |
|
|
|
50 |
|
Humana |
|
|
|
|
|
|
|
|
4.500%, 04/01/2025 |
|
|
10 |
|
|
|
10 |
|
3.700%, 03/23/2029 |
|
|
160 |
|
|
|
161 |
|
3.150%, 12/01/2022 |
|
|
240 |
|
|
|
242 |
|
2.900%, 12/15/2022 |
|
|
290 |
|
|
|
292 |
|
2.150%, 02/03/2032 |
|
|
30 |
|
|
|
26 |
|
Johnson & Johnson |
|
|
|
|
|
|
|
|
0.950%, 09/01/2027 |
|
|
100 |
|
|
|
92 |
|
0.550%, 09/01/2025 |
|
|
50 |
|
|
|
47 |
|
Merck |
|
|
|
|
|
|
|
|
1.900%, 12/10/2028 |
|
|
430 |
|
|
|
405 |
|
1.450%, 06/24/2030 |
|
|
50 |
|
|
|
44 |
|
0.750%, 02/24/2026 |
|
|
80 |
|
|
|
75 |
|
Pfizer |
|
|
|
|
|
|
|
|
2.625%, 04/01/2030 |
|
|
100 |
|
|
|
97 |
|
1.700%, 05/28/2030 |
|
|
50 |
|
|
|
45 |
|
0.800%, 05/28/2025 |
|
|
110 |
|
|
|
104 |
|
SSM Health Care |
|
|
|
|
|
|
|
|
3.688%, 06/01/2023 |
|
|
644 |
|
|
|
650 |
|
Teva Pharmaceutical Finance BV |
|
|
|
|
|
|
|
|
2.950%, 12/18/2022 |
|
|
30 |
|
|
|
30 |
|
UnitedHealth Group |
|
|
|
|
|
|
|
|
4.450%, 12/15/2048 |
|
|
10 |
|
|
|
11 |
|
4.250%, 06/15/2048 |
|
|
10 |
|
|
|
11 |
|
3.875%, 12/15/2028 |
|
|
30 |
|
|
|
31 |
|
3.750%, 07/15/2025 |
|
|
30 |
|
|
|
31 |
|
3.500%, 06/15/2023 |
|
|
20 |
|
|
|
20 |
|
2.375%, 10/15/2022 |
|
|
10 |
|
|
|
10 |
|
2.300%, 05/15/2031 |
|
|
20 |
|
|
|
19 |
|
2.000%, 05/15/2030 |
|
|
30 |
|
|
|
28 |
|
1.250%, 01/15/2026 |
|
|
20 |
|
|
|
19 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
10,161 |
|
| |
|
|
|
|
|
|
|
|
Industrials — 1.8% |
|
|
|
|
3M |
|
|
|
|
|
|
|
|
3.700%, 04/15/2050 |
|
|
150 |
|
|
|
151 |
|
2.375%, 08/26/2029 |
|
|
30 |
|
|
|
29 |
|
AerCap Ireland Capital DAC |
|
|
|
|
|
|
|
|
3.000%, 10/29/2028 |
|
|
1,226 |
|
|
|
1,131 |
|
2.450%, 10/29/2026 |
|
|
190 |
|
|
|
176 |
|
Air Lease |
|
|
|
|
|
|
|
|
3.375%, 07/01/2025 |
|
|
100 |
|
|
|
99 |
|
Burlington Northern Santa Fe |
|
|
|
|
|
|
|
|
4.550%, 09/01/2044 |
|
|
10 |
|
|
|
11 |
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Canadian Pacific Railway |
|
|
|
|
|
|
|
|
2.450%, 12/02/2031 |
|
$ |
330 |
|
|
$ |
307 |
|
Carlisle |
|
|
|
|
|
|
|
|
2.200%, 03/01/2032 |
|
|
634 |
|
|
|
552 |
|
Carrier Global |
|
|
|
|
|
|
|
|
2.700%, 02/15/2031 |
|
|
10 |
|
|
|
9 |
|
Continental Airlines Pass-Through Trust, Ser 2012-2, Cl A |
|
|
|
|
|
|
|
|
4.000%, 10/29/2024 |
|
|
546 |
|
|
|
544 |
|
Deere |
|
|
|
|
|
|
|
|
3.750%, 04/15/2050 |
|
|
30 |
|
|
|
32 |
|
3.100%, 04/15/2030 |
|
|
10 |
|
|
|
10 |
|
Delta Air Lines Pass-Through Trust, Ser 2015-1, Cl AA |
|
|
|
|
|
|
|
|
3.625%, 07/30/2027 |
|
|
472 |
|
|
|
467 |
|
Delta Air Lines Pass-Through Trust, Ser 2019-1, Cl AA |
|
|
|
|
|
|
|
|
3.204%, 04/25/2024 |
|
|
621 |
|
|
|
622 |
|
Eaton |
|
|
|
|
|
|
|
|
2.750%, 11/02/2022 |
|
|
450 |
|
|
|
452 |
|
International Lease Finance |
|
|
|
|
|
|
|
|
5.875%, 08/15/2022 |
|
|
400 |
|
|
|
405 |
|
Penske Truck Leasing LP |
|
|
|
|
|
|
|
|
3.900%, 02/01/2024 (B) |
|
|
965 |
|
|
|
977 |
|
Republic Services |
|
|
|
|
|
|
|
|
3.200%, 03/15/2025 |
|
|
180 |
|
|
|
181 |
|
Ryder System MTN |
|
|
|
|
|
|
|
|
3.350%, 09/01/2025 |
|
|
836 |
|
|
|
836 |
|
SMBC Aviation Capital Finance DAC |
|
|
|
|
|
|
|
|
4.125%, 07/15/2023 (B) |
|
|
200 |
|
|
|
200 |
|
Union Pacific |
|
|
|
|
|
|
|
|
3.750%, 07/15/2025 |
|
|
20 |
|
|
|
20 |
|
2.891%, 04/06/2036 |
|
|
20 |
|
|
|
19 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
7,230 |
|
| |
|
|
|
|
|
|
|
|
Information Technology — 1.3% |
|
|
|
|
Adobe |
|
|
|
|
|
|
|
|
2.300%, 02/01/2030 |
|
|
210 |
|
|
|
199 |
|
Apple |
|
|
|
|
|
|
|
|
3.350%, 02/09/2027 |
|
|
210 |
|
|
|
215 |
|
2.900%, 09/12/2027 |
|
|
110 |
|
|
|
110 |
|
2.450%, 08/04/2026 |
|
|
70 |
|
|
|
69 |
|
1.125%, 05/11/2025 |
|
|
130 |
|
|
|
124 |
|
Broadcom |
|
|
|
|
|
|
|
|
4.150%, 11/15/2030 |
|
|
60 |
|
|
|
61 |
|
3.137%, 11/15/2035 (B) |
|
|
420 |
|
|
|
370 |
|
Intel |
|
|
|
|
|
|
|
|
4.750%, 03/25/2050 |
|
|
10 |
|
|
|
12 |
|
3.700%, 07/29/2025 |
|
|
30 |
|
|
|
31 |
|
1.600%, 08/12/2028 |
|
|
50 |
|
|
|
46 |
|
Juniper Networks |
|
|
|
|
|
|
|
|
1.200%, 12/10/2025 |
|
|
570 |
|
|
|
529 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Mastercard |
|
|
|
|
|
|
|
|
3.850%, 03/26/2050 |
|
$ |
10 |
|
|
$ |
11 |
|
3.375%, 04/01/2024 |
|
|
60 |
|
|
|
61 |
|
Micron Technology |
|
|
|
|
|
|
|
|
2.703%, 04/15/2032 |
|
|
260 |
|
|
|
235 |
|
Microsoft |
|
|
|
|
|
|
|
|
3.300%, 02/06/2027 |
|
|
210 |
|
|
|
215 |
|
NVIDIA |
|
|
|
|
|
|
|
|
3.700%, 04/01/2060 |
|
|
90 |
|
|
|
91 |
|
3.500%, 04/01/2040 |
|
|
130 |
|
|
|
131 |
|
3.500%, 04/01/2050 |
|
|
290 |
|
|
|
293 |
|
2.850%, 04/01/2030 |
|
|
90 |
|
|
|
89 |
|
NXP BV |
|
|
|
|
|
|
|
|
4.625%, 06/01/2023 (B) |
|
|
479 |
|
|
|
486 |
|
2.700%, 05/01/2025 (B) |
|
|
40 |
|
|
|
39 |
|
Oracle |
|
|
|
|
|
|
|
|
2.875%, 03/25/2031 |
|
|
30 |
|
|
|
27 |
|
2.500%, 10/15/2022 |
|
|
130 |
|
|
|
130 |
|
1.650%, 03/25/2026 |
|
|
150 |
|
|
|
140 |
|
PayPal Holdings |
|
|
|
|
|
|
|
|
1.650%, 06/01/2025 |
|
|
60 |
|
|
|
58 |
|
1.350%, 06/01/2023 |
|
|
70 |
|
|
|
70 |
|
Salesforce |
|
|
|
|
|
|
|
|
3.700%, 04/11/2028 |
|
|
150 |
|
|
|
155 |
|
3.250%, 04/11/2023 |
|
|
70 |
|
|
|
71 |
|
1.500%, 07/15/2028 |
|
|
510 |
|
|
|
469 |
|
Texas Instruments |
|
|
|
|
|
|
|
|
1.750%, 05/04/2030 |
|
|
40 |
|
|
|
36 |
|
TSMC Arizona |
|
|
|
|
|
|
|
|
2.500%, 10/25/2031 |
|
|
250 |
|
|
|
231 |
|
1.750%, 10/25/2026 |
|
|
230 |
|
|
|
216 |
|
Visa |
|
|
|
|
|
|
|
|
4.300%, 12/14/2045 |
|
|
10 |
|
|
|
11 |
|
3.150%, 12/14/2025 |
|
|
110 |
|
|
|
111 |
|
1.900%, 04/15/2027 |
|
|
60 |
|
|
|
58 |
|
Workday |
|
|
|
|
|
|
|
|
3.800%, 04/01/2032 |
|
|
50 |
|
|
|
50 |
|
3.700%, 04/01/2029 |
|
|
60 |
|
|
|
60 |
|
3.500%, 04/01/2027 |
|
|
40 |
|
|
|
40 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
5,350 |
|
| |
|
|
|
|
|
|
|
|
Materials — 0.8% |
|
|
|
|
Anglo American Capital |
|
|
|
|
|
|
|
|
3.625%, 09/11/2024 (B) |
|
|
200 |
|
|
|
200 |
|
Equate Petrochemical BV MTN |
|
|
|
|
|
|
|
|
4.250%, 11/03/2026 (B) |
|
|
200 |
|
|
|
202 |
|
2.625%, 04/28/2028 (B) |
|
|
230 |
|
|
|
213 |
|
Glencore Funding |
|
|
|
|
|
|
|
|
4.125%, 05/30/2023 (B) |
|
|
890 |
|
|
|
904 |
|
4.125%, 03/12/2024 (B) |
|
|
60 |
|
|
|
61 |
|
1.625%, 04/27/2026 (B) |
|
|
90 |
|
|
|
83 |
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Nacional del Cobre de Chile |
|
|
|
|
|
|
|
|
3.150%, 01/15/2051 |
|
$ |
420 |
|
|
$ |
340 |
|
Nutrien |
|
|
|
|
|
|
|
|
1.900%, 05/13/2023 |
|
|
501 |
|
|
|
497 |
|
OCP |
|
|
|
|
|
|
|
|
4.500%, 10/22/2025 (B) |
|
|
400 |
|
|
|
400 |
|
Orbia Advance |
|
|
|
|
|
|
|
|
2.875%, 05/11/2031 (B) |
|
|
200 |
|
|
|
177 |
|
Southern Copper |
|
|
|
|
|
|
|
|
3.500%, 11/08/2022 |
|
|
130 |
|
|
|
131 |
|
Suzano Austria GmbH |
|
|
|
|
|
|
|
|
3.125%, 01/15/2032 |
|
|
510 |
|
|
|
452 |
|
Vale Overseas |
|
|
|
|
|
|
|
|
6.875%, 11/21/2036 |
|
|
148 |
|
|
|
178 |
|
6.250%, 08/10/2026 |
|
|
240 |
|
|
|
263 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
4,101 |
|
| |
|
|
|
|
|
|
|
|
Real Estate — 0.9% |
|
|
|
|
Alexandria Real Estate Equities |
|
|
|
|
|
|
|
|
3.450%, 04/30/2025 |
|
|
802 |
|
|
|
807 |
|
Digital Realty Trust |
|
|
|
|
|
|
|
|
3.600%, 07/01/2029 |
|
|
815 |
|
|
|
811 |
|
ERP Operating |
|
|
|
|
|
|
|
|
1.850%, 08/01/2031 |
|
|
1,066 |
|
|
|
946 |
|
Healthpeak Properties |
|
|
|
|
|
|
|
|
2.125%, 12/01/2028 |
|
|
769 |
|
|
|
707 |
|
Spirit Realty |
|
|
|
|
|
|
|
|
2.100%, 03/15/2028 |
|
|
583 |
|
|
|
528 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
3,799 |
|
| |
|
|
|
|
|
|
|
|
Utilities — 2.0% |
|
|
|
|
American Transmission Systems |
|
|
|
|
|
|
|
|
2.650%, 01/15/2032 (B) |
|
|
60 |
|
|
|
55 |
|
Aquarion |
|
|
|
|
|
|
|
|
4.000%, 08/15/2024 (B) |
|
|
227 |
|
|
|
229 |
|
Commonwealth Edison |
|
|
|
|
|
|
|
|
3.700%, 08/15/2028 |
|
|
468 |
|
|
|
475 |
|
Duke Energy |
|
|
|
|
|
|
|
|
2.400%, 08/15/2022 |
|
|
150 |
|
|
|
150 |
|
Duke Energy Carolinas |
|
|
|
|
|
|
|
|
2.850%, 03/15/2032 |
|
|
1,057 |
|
|
|
1,022 |
|
Duke Energy Florida |
|
|
|
|
|
|
|
|
3.200%, 01/15/2027 |
|
|
440 |
|
|
|
441 |
|
Exelon |
|
|
|
|
|
|
|
|
5.625%, 06/15/2035 |
|
|
343 |
|
|
|
388 |
|
FirstEnergy |
|
|
|
|
|
|
|
|
3.350%, 07/15/2022 |
|
|
330 |
|
|
|
330 |
|
1.600%, 01/15/2026 |
|
|
30 |
|
|
|
28 |
|
Florida Power & Light |
|
|
|
|
|
|
|
|
2.450%, 02/03/2032 |
|
|
544 |
|
|
|
512 |
|
National Rural Utilities Cooperative Finance |
|
|
|
|
|
|
|
|
2.850%, 01/27/2025 |
|
|
1,060 |
|
|
|
1,053 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Northern States Power |
|
|
|
|
|
|
|
|
7.125%, 07/01/2025 |
|
$ |
1,190 |
|
|
$ |
1,328 |
|
NSTAR Electric |
|
|
|
|
|
|
|
|
1.950%, 08/15/2031 |
|
|
1,000 |
|
|
|
883 |
|
Pacific Gas and Electric |
|
|
|
|
|
|
|
|
2.100%, 08/01/2027 |
|
|
130 |
|
|
|
117 |
|
1.750%, 06/16/2022 |
|
|
100 |
|
|
|
100 |
|
Perusahaan Perseroan Persero Perusahaan Listrik Negara MTN |
|
|
|
|
|
|
|
|
5.450%, 05/21/2028 (B) |
|
|
370 |
|
|
|
397 |
|
Public Service Enterprise Group |
|
|
|
|
|
|
|
|
2.875%, 06/15/2024 |
|
|
713 |
|
|
|
706 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
8,214 |
|
| |
|
|
|
|
|
|
|
|
Total Corporate Obligations |
|
|
|
|
|
|
|
|
(Cost $117,781) ($ Thousands) |
|
|
|
|
|
|
114,177 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
U.S. TREASURY OBLIGATIONS — 23.9% |
U.S Treasury Bill |
|
|
|
|
|
|
|
|
0.540%, 10/06/2022 (D) |
|
|
312 |
|
|
|
310 |
|
U.S. Treasury Bonds |
|
|
|
|
|
|
|
|
2.875%, 05/15/2049 |
|
|
170 |
|
|
|
183 |
|
2.375%, 05/15/2051 |
|
|
1,190 |
|
|
|
1,166 |
|
2.250%, 08/15/2049 |
|
|
280 |
|
|
|
266 |
|
2.250%, 02/15/2052 |
|
|
1,206 |
|
|
|
1,157 |
|
2.000%, 11/15/2041 |
|
|
1,430 |
|
|
|
1,294 |
|
2.000%, 02/15/2050 |
|
|
850 |
|
|
|
766 |
|
2.000%, 08/15/2051 |
|
|
790 |
|
|
|
713 |
|
1.875%, 02/15/2041 |
|
|
1,544 |
|
|
|
1,375 |
|
1.875%, 02/15/2051 |
|
|
3,230 |
|
|
|
2,822 |
|
1.875%, 11/15/2051 |
|
|
1,080 |
|
|
|
947 |
|
1.750%, 08/15/2041 |
|
|
2,250 |
|
|
|
1,950 |
|
1.625%, 11/15/2050 |
|
|
1,400 |
|
|
|
1,147 |
|
1.375%, 11/15/2040 |
|
|
880 |
|
|
|
719 |
|
1.375%, 08/15/2050 |
|
|
3,760 |
|
|
|
2,894 |
|
1.250%, 05/15/2050 |
|
|
3,970 |
|
|
|
2,961 |
|
1.125%, 08/15/2040 |
|
|
1,060 |
|
|
|
831 |
|
U.S. Treasury Inflation-Protected Securities |
|
|
|
|
|
|
|
|
0.125%, 01/15/2030 |
|
|
976 |
|
|
|
1,030 |
|
U.S. Treasury Notes |
|
|
|
|
|
|
|
|
1.625%, 05/15/2031 |
|
|
1,860 |
|
|
|
1,751 |
|
1.500%, 01/31/2027 |
|
|
7,062 |
|
|
|
6,749 |
|
1.250%, 11/30/2026 |
|
|
3,410 |
|
|
|
3,226 |
|
1.250%, 03/31/2028 |
|
|
1,280 |
|
|
|
1,194 |
|
1.250%, 04/30/2028 |
|
|
200 |
|
|
|
186 |
|
1.250%, 05/31/2028 |
|
|
1,700 |
|
|
|
1,583 |
|
1.250%, 08/15/2031 |
|
|
7,010 |
|
|
|
6,373 |
|
1.125%, 10/31/2026 |
|
|
2,860 |
|
|
|
2,690 |
|
0.750%, 04/30/2026 |
|
|
670 |
|
|
|
624 |
|
0.750%, 05/31/2026 |
|
|
13,210 |
|
|
|
12,286 |
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
U.S. TREASURY OBLIGATIONS (continued) |
0.750%, 01/31/2028 |
|
$ |
2,800 |
|
|
$ |
2,540 |
|
0.625%, 07/31/2026 |
|
|
25,309 |
|
|
|
23,354 |
|
0.625%, 11/30/2027 |
|
|
1,410 |
|
|
|
1,273 |
|
0.625%, 12/31/2027 |
|
|
1,760 |
|
|
|
1,587 |
|
0.375%, 04/30/2025 |
|
|
20 |
|
|
|
19 |
|
0.375%, 11/30/2025 |
|
|
290 |
|
|
|
268 |
|
0.375%, 01/31/2026 |
|
|
1,713 |
|
|
|
1,578 |
|
0.250%, 05/15/2024 |
|
|
260 |
|
|
|
249 |
|
0.250%, 05/31/2025 |
|
|
7,980 |
|
|
|
7,427 |
|
0.250%, 06/30/2025 |
|
|
240 |
|
|
|
223 |
|
0.250%, 08/31/2025 |
|
|
730 |
|
|
|
675 |
|
0.250%, 09/30/2025 |
|
|
10 |
|
|
|
9 |
|
0.125%, 08/31/2022 |
|
|
350 |
|
|
|
349 |
|
| |
|
|
|
|
Total U.S. Treasury Obligations |
|
|
|
|
(Cost $106,732) ($ Thousands) |
|
|
98,744 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
ASSET-BACKED SECURITIES — 7.4% |
Automotive — 0.6% |
|
|
|
|
| |
|
|
|
|
Avis Budget Rental Car Funding AESOP, Ser 2020-2A, Cl A |
|
|
|
|
|
|
|
|
2.020%, 02/20/2027 (B) |
|
|
440 |
|
|
|
417 |
|
Avis Budget Rental Car Funding AESOP, Ser 2021-1A, Cl A |
|
|
|
|
|
|
|
|
1.380%, 08/20/2027 (B) |
|
|
310 |
|
|
|
287 |
|
Ford Credit Auto Owner Trust, Ser 2020-REV2, Cl A |
|
|
|
|
|
|
|
|
1.060%, 04/15/2033 (B) |
|
|
1,144 |
|
|
|
1,061 |
|
Hertz Vehicle Financing III, Ser 2021-2A, Cl B |
|
|
|
|
|
|
|
|
2.120%, 12/27/2027 (B) |
|
|
160 |
|
|
|
146 |
|
Hertz Vehicle Financing III, Ser 2021-2A, Cl C |
|
|
|
|
|
|
|
|
2.520%, 12/27/2027 (B) |
|
|
300 |
|
|
|
272 |
|
Hertz Vehicle Financing, Ser 2021-1A, Cl B |
|
|
|
|
|
|
|
|
1.560%, 12/26/2025 (B) |
|
|
240 |
|
|
|
227 |
|
Hertz Vehicle Financing, Ser 2021-1A, Cl C |
|
|
|
|
|
|
|
|
2.050%, 12/26/2025 (B) |
|
|
210 |
|
|
|
198 |
|
| |
|
|
|
|
|
|
2,608 |
|
| |
|
|
|
|
|
|
|
|
Home — 0.1% |
|
|
|
|
| |
|
|
|
|
Bayview Financial Mortgage Pass-Through Trust, Ser 2006-A, Cl M3 |
|
|
|
|
|
|
|
|
1.422%, ICE LIBOR USD 1 Month + 0.975%, 02/28/2041 (A) |
|
|
108 |
|
|
|
107 |
|
Lake Country Mortgage Loan Trust, Ser 2006-HE1, Cl M5 |
|
|
|
|
|
|
|
|
3.457%, ICE LIBOR USD 1 Month + 3.000%, 07/25/2034 (A)(B) |
|
|
23 |
|
|
|
23 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
ASSET-BACKED SECURITIES (continued) |
Master Asset-Backed Securities Trust, Ser 2007-NCW, Cl A1 |
|
|
|
|
|
|
|
|
0.757%, ICE LIBOR USD 1 Month + 0.300%, 05/25/2037 (A)(B) |
|
$ |
164 |
|
|
$ |
150 |
|
| |
|
|
|
|
|
|
280 |
|
| |
|
|
|
|
|
|
|
|
Other Asset-Backed Securities — 6.7% |
|
|
|
|
| |
|
|
|
|
AEP Texas Restoration Funding, Ser 2019-1, Cl A2 |
|
|
|
|
|
|
|
|
2.294%, 08/01/2031 |
|
|
1,646 |
|
|
|
1,592 |
|
Applebee's Funding, Ser 2019-1A, Cl A2I |
|
|
|
|
|
|
|
|
4.194%, 06/05/2049 (B) |
|
|
297 |
|
|
|
295 |
|
CF Hippolyta, Ser 2020-1, Cl A1 |
|
|
|
|
|
|
|
|
1.690%, 07/15/2060 (B) |
|
|
504 |
|
|
|
477 |
|
Countrywide Home Equity Loan Trust, Ser 2006-F, Cl 2A1A |
|
|
|
|
|
|
|
|
0.537%, ICE LIBOR USD 1 Month + 0.140%, 07/15/2036 (A) |
|
|
179 |
|
|
|
167 |
|
DB Master Finance, Ser 2021-1A, Cl A2II |
|
|
|
|
|
|
|
|
2.493%, 11/20/2051 (B) |
|
|
1,046 |
|
|
|
943 |
|
FirstKey Homes Trust, Ser 2021-SFR1, Cl A |
|
|
|
|
|
|
|
|
1.538%, 08/17/2038 (B) |
|
|
794 |
|
|
|
736 |
|
GoodLeap Sustainable Home Solutions Trust, Ser 2022-1GS, Cl B |
|
|
|
|
|
|
|
|
2.940%, 01/20/2049 (B) |
|
|
621 |
|
|
|
582 |
|
Hardee's Funding, Ser 2021-1A, Cl A2 |
|
|
|
|
|
|
|
|
2.865%, 06/20/2051 (B) |
|
|
397 |
|
|
|
360 |
|
Home Partners of America Trust, Ser 2022-1, Cl A |
|
|
|
|
|
|
|
|
3.930%, 04/17/2039 (B) |
|
|
1,042 |
|
|
|
1,033 |
|
Invitation Homes Trust, Ser 2018-SFR1, Cl A |
|
|
|
|
|
|
|
|
1.141%, ICE LIBOR USD 1 Month + 0.700%, 03/17/2037 (A)(B) |
|
|
1,270 |
|
|
|
1,256 |
|
Merrill Lynch Mortgage Investors Trust, Ser 2004-WMC5, Cl M1 |
|
|
|
|
|
|
|
|
1.387%, ICE LIBOR USD 1 Month + 0.930%, 07/25/2035 (A) |
|
|
159 |
|
|
|
157 |
|
Morgan Stanley ABS Capital I Trust, Ser 2004-NC7, Cl M1 |
|
|
|
|
|
|
|
|
1.312%, ICE LIBOR USD 1 Month + 0.855%, 07/25/2034 (A) |
|
|
350 |
|
|
|
340 |
|
Navient Student Loan Trust, Ser 2016-3A, Cl A3 |
|
|
|
|
|
|
|
|
1.807%, ICE LIBOR USD 1 Month + 1.350%, 06/25/2065 (A)(B) |
|
|
362 |
|
|
|
369 |
|
Navient Student Loan Trust, Ser 2016-6A, Cl A3 |
|
|
|
|
|
|
|
|
1.757%, ICE LIBOR USD 1 Month + 1.300%, 03/25/2066 (A)(B) |
|
|
550 |
|
|
|
562 |
|
Palmer Square CLO, Ser 2021-2A, Cl A1A3 |
|
|
|
|
|
|
|
|
1.248%, ICE LIBOR USD 3 Month + 1.000%, 10/17/2031 (A)(B) |
|
|
693 |
|
|
|
690 |
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
ASSET-BACKED SECURITIES (continued) |
Progress Residential Trust, Ser 2019-SFR2, Cl A |
|
|
|
|
|
|
|
|
3.147%, 05/17/2036 (B) |
|
$ |
299 |
|
|
$ |
295 |
|
Progress Residential Trust, Ser 2021-SFR2, Cl A |
|
|
|
|
|
|
|
|
1.546%, 04/19/2038 (B) |
|
|
597 |
|
|
|
556 |
|
Progress Residential Trust, Ser 2022-SFR2, Cl A |
|
|
|
|
|
|
|
|
2.950%, 04/17/2027 |
|
|
980 |
|
|
|
935 |
|
RAAC Series Trust, Ser 2005-SP3, Cl M2 |
|
|
|
|
|
|
|
|
1.657%, ICE LIBOR USD 1 Month + 1.200%, 12/25/2035 (A) |
|
|
129 |
|
|
|
128 |
|
Sabey Data Center Issuer, Ser 2020-1, Cl A2 |
|
|
|
|
|
|
|
|
3.812%, 04/20/2045 (B) |
|
|
339 |
|
|
|
337 |
|
Sabey Data Center Issuer, Ser 2021-1, Cl A2 |
|
|
|
|
|
|
|
|
1.881%, 06/20/2046 (B) |
|
|
1,027 |
|
|
|
959 |
|
SBA Small Business Investment, Ser 2019-10A, Cl 1 |
|
|
|
|
|
|
|
|
3.113%, 03/10/2029 |
|
|
141 |
|
|
|
140 |
|
SLC Student Loan Trust, Ser 2010-1, Cl A |
|
|
|
|
|
|
|
|
1.373%, ICE LIBOR USD 3 Month + 0.875%, 11/25/2042 (A) |
|
|
172 |
|
|
|
173 |
|
SLM Private Credit Student Loan Trust, Ser 2006-A, Cl A5 |
|
|
|
|
|
|
|
|
1.116%, ICE LIBOR USD 3 Month + 0.290%, 06/15/2039 (A) |
|
|
191 |
|
|
|
184 |
|
SLM Private Education Loan Trust, Ser 2010-C, Cl A5 |
|
|
|
|
|
|
|
|
5.147%, ICE LIBOR USD 1 Month + 4.750%, 10/15/2041 (A)(B) |
|
|
369 |
|
|
|
409 |
|
SLM Student Loan Trust, Ser 2003-7A, Cl A5A |
|
|
|
|
|
|
|
|
2.026%, ICE LIBOR USD 3 Month + 1.200%, 12/15/2033 (A)(B) |
|
|
106 |
|
|
|
105 |
|
SLM Student Loan Trust, Ser 2005-8, Cl A5 |
|
|
|
|
|
|
|
|
0.428%, ICE LIBOR USD 3 Month + 0.170%, 01/25/2040 (A) |
|
|
626 |
|
|
|
600 |
|
SLM Student Loan Trust, Ser 2021-10A, Cl A4 |
|
|
|
|
|
|
|
|
1.496%, ICE LIBOR USD 3 Month + 0.670%, 12/17/2068 (A)(B) |
|
|
100 |
|
|
|
100 |
|
SMB Private Education Loan Trust, Ser 2021-A, Cl A2B |
|
|
|
|
|
|
|
|
1.590%, 01/15/2053 (B) |
|
|
380 |
|
|
|
354 |
|
SMB Private Education Loan Trust, Ser 2021-C, Cl B |
|
|
|
|
|
|
|
|
2.300%, 01/15/2053 (B) |
|
|
170 |
|
|
|
159 |
|
Store Master Funding I-VII, Ser 2018-1A, Cl A1 |
|
|
|
|
|
|
|
|
3.960%, 10/20/2048 (B) |
|
|
369 |
|
|
|
373 |
|
Store Master Funding I-VII, Ser 2019-1, Cl A1 |
|
|
|
|
|
|
|
|
2.820%, 11/20/2049 (B) |
|
|
317 |
|
|
|
305 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
ASSET-BACKED SECURITIES (continued) |
Structured Asset Investment Loan Trust, Ser 2004-7, Cl A8 |
|
|
|
|
|
|
|
|
1.657%, ICE LIBOR USD 1 Month + 1.200%, 08/25/2034 (A) |
|
$ |
170 |
|
|
$ |
168 |
|
Taco Bell Funding, Ser 2021-1A, Cl A2II |
|
|
|
|
|
|
|
|
2.294%, 08/25/2051 (B) |
|
|
592 |
|
|
|
527 |
|
Tricon American Homes Trust, Ser 2019-SFR1, Cl A |
|
|
|
|
|
|
|
|
2.750%, 03/17/2038 (B) |
|
|
271 |
|
|
|
262 |
|
Tricon Residential Trust, Ser 2021-SFR1, Cl A |
|
|
|
|
|
|
|
|
1.943%, 07/17/2038 (B) |
|
|
852 |
|
|
|
801 |
|
TRP - TRIP Rail Master Funding, Ser 2021-2, Cl A |
|
|
|
|
|
|
|
|
2.150%, 06/19/2051 (B) |
|
|
283 |
|
|
|
261 |
|
TRP LLC, Ser 2021-1, Cl A |
|
|
|
|
|
|
|
|
2.070%, 06/19/2051 (B) |
|
|
494 |
|
|
|
455 |
|
United States Small Business Administration, Ser 2010-20H, Cl 1 |
|
|
|
|
|
|
|
|
3.520%, 08/01/2030 |
|
|
149 |
|
|
|
149 |
|
United States Small Business Administration, Ser 2011-20B, Cl 1 |
|
|
|
|
|
|
|
|
4.220%, 02/01/2031 |
|
|
131 |
|
|
|
133 |
|
United States Small Business Administration, Ser 2011-20J, Cl 1 |
|
|
|
|
|
|
|
|
2.760%, 10/01/2031 |
|
|
117 |
|
|
|
114 |
|
United States Small Business Administration, Ser 2013-20K, Cl 1 |
|
|
|
|
|
|
|
|
3.380%, 11/01/2033 |
|
|
520 |
|
|
|
521 |
|
United States Small Business Administration, Ser 2014-20F, Cl 1 |
|
|
|
|
|
|
|
|
2.990%, 06/01/2034 |
|
|
617 |
|
|
|
609 |
|
United States Small Business Administration, Ser 2015-20C, Cl 1 |
|
|
|
|
|
|
|
|
2.720%, 03/01/2035 |
|
|
497 |
|
|
|
489 |
|
United States Small Business Administration, Ser 2015-20E, Cl 1 |
|
|
|
|
|
|
|
|
2.770%, 05/01/2035 |
|
|
312 |
|
|
|
311 |
|
United States Small Business Administration, Ser 2015-20K, Cl 1 |
|
|
|
|
|
|
|
|
2.700%, 11/01/2035 |
|
|
362 |
|
|
|
361 |
|
United States Small Business Administration, Ser 2017-20J, Cl 1 |
|
|
|
|
|
|
|
|
2.850%, 10/01/2037 |
|
|
489 |
|
|
|
486 |
|
United States Small Business Administration, Ser 2018-20E, Cl 1 |
|
|
|
|
|
|
|
|
3.500%, 05/01/2038 |
|
|
966 |
|
|
|
984 |
|
United States Small Business Administration, Ser 2019-25G, Cl 1 |
|
|
|
|
|
|
|
|
2.690%, 07/01/2044 |
|
|
50 |
|
|
|
51 |
|
United States Small Business Administration, Ser 2021-25H, Cl 1 |
|
|
|
|
|
|
|
|
1.450%, 08/01/2046 |
|
|
1,570 |
|
|
|
1,447 |
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
ASSET-BACKED SECURITIES (continued) |
United States Small Business Administration, Ser 2022-25A, Cl 1 |
|
|
|
|
|
|
|
|
2.040%, 01/01/2047 |
|
$ |
1,089 |
|
|
$ |
1,049 |
|
Vantage Data Centers, Ser 2020-2A, Cl A2 |
|
|
|
|
|
|
|
|
1.992%, 09/15/2045 (B) |
|
|
1,000 |
|
|
|
915 |
|
Wendy's Funding, Ser 2019-1A, Cl A2I |
|
|
|
|
|
|
|
|
3.783%, 06/15/2049 (B) |
|
|
312 |
|
|
|
308 |
|
Wendy's Funding, Ser 2021-1A, Cl A2I |
|
|
|
|
|
|
|
|
2.370%, 06/15/2051 (B) |
|
|
1,020 |
|
|
|
907 |
|
Wendy's Funding, Ser 2021-1A, Cl A2II |
|
|
|
|
|
|
|
|
2.775%, 06/15/2051 (B) |
|
|
263 |
|
|
|
232 |
|
Wind River CLO, Ser 2021-3A, Cl A |
|
|
|
|
|
|
|
|
1.404%, ICE LIBOR USD 3 Month + 1.150%, 07/20/2033 (A)(B) |
|
|
614 |
|
|
|
609 |
|
| |
|
|
|
|
|
|
27,820 |
|
| |
|
|
|
|
|
|
|
|
Total Asset-Backed Securities |
|
|
|
|
|
|
|
|
(Cost $32,110) ($ Thousands) |
|
|
|
|
|
|
30,708 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
SOVEREIGN DEBT — 2.2% |
| |
|
|
|
|
|
|
|
|
Abu Dhabi Government International Bond |
|
|
|
|
|
|
|
|
2.500%, 10/11/2022(B) |
|
|
690 |
|
|
|
693 |
|
Chile Government International Bond |
|
|
|
|
|
|
|
|
3.500%, 01/31/2034 |
|
|
380 |
|
|
|
375 |
|
3.100%, 05/07/2041 |
|
|
460 |
|
|
|
405 |
|
Colombia Government International Bond |
|
|
|
|
|
|
|
|
5.625%, 02/26/2044 |
|
|
280 |
|
|
|
254 |
|
5.200%, 05/15/2049 |
|
|
310 |
|
|
|
264 |
|
3.125%, 04/15/2031 |
|
|
220 |
|
|
|
186 |
|
Indonesia Government International Bond MTN |
|
|
|
|
|
|
|
|
5.125%, 01/15/2045(B) |
|
|
200 |
|
|
|
221 |
|
3.850%, 07/18/2027(B) |
|
|
200 |
|
|
|
209 |
|
3.750%, 04/25/2022 |
|
|
370 |
|
|
|
370 |
|
Kuwait International Government Bond |
|
|
|
|
|
|
|
|
3.500%, 03/20/2027(B) |
|
|
210 |
|
|
|
219 |
|
Mexico Government International Bond |
|
|
|
|
|
|
|
|
3.600%, 01/30/2025 |
|
|
380 |
|
|
|
390 |
|
3.500%, 02/12/2034 |
|
|
1,040 |
|
|
|
966 |
|
Panama Government International Bond |
|
|
|
|
|
|
|
|
6.700%, 01/26/2036 |
|
|
190 |
|
|
|
234 |
|
4.300%, 04/29/2053 |
|
|
300 |
|
|
|
288 |
|
Peruvian Government International Bond |
|
|
|
|
|
|
|
|
5.625%, 11/18/2050 |
|
|
180 |
|
|
|
228 |
|
3.550%, 03/10/2051 |
|
|
170 |
|
|
|
158 |
|
3.300%, 03/11/2041 |
|
|
340 |
|
|
|
309 |
|
Province of Quebec Canada |
|
|
|
|
|
|
|
|
2.625%, 02/13/2023 |
|
|
500 |
|
|
|
504 |
|
Province of Quebec Canada, Ser A MTN |
|
|
|
|
|
|
|
|
6.350%, 01/30/2026 |
|
|
1,010 |
|
|
|
1,117 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
SOVEREIGN DEBT (continued) |
Qatar Government International Bond |
|
|
|
|
|
|
|
|
3.250%, 06/02/2026 |
|
$ |
620 |
|
|
$ |
632 |
|
Republic of Poland Government International Bond |
|
|
|
|
|
|
|
|
3.250%, 04/06/2026 |
|
|
450 |
|
|
|
458 |
|
Uruguay Government International Bond |
|
|
|
|
|
|
|
|
4.375%, 01/23/2031 |
|
|
580 |
|
|
|
632 |
|
| |
|
|
|
|
|
|
|
|
Total Sovereign Debt |
|
|
|
|
(Cost $9,355) ($ Thousands) |
|
|
9,112 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
MUNICIPAL BONDS — 1.3% |
California — 0.4% |
|
|
|
|
California Health Facilities Financing Authority, RB |
|
|
|
|
|
|
|
|
3.378%, 06/01/2028 |
|
|
1,450 |
|
|
|
1,450 |
|
San Jose, Financing Authority, RB |
|
|
|
|
|
|
|
|
1.311%, 06/01/2026 |
|
|
540 |
|
|
|
507 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
1,957 |
|
| |
|
|
|
|
|
|
|
|
Michigan — 0.2% |
|
|
|
|
Michigan State, Finance Authority, RB |
|
|
|
|
|
|
|
|
2.988%, 09/01/2049 (A) |
|
|
755 |
|
|
|
774 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Missouri — 0.2% |
|
|
|
|
University of Missouri, System Facilities, RB |
|
|
|
|
|
|
|
|
1.714%, 11/01/2025 |
|
|
725 |
|
|
|
696 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
New Jersey — 0.0% |
|
|
|
|
New Jersey State, Transportation Trust Fund Authority, RB |
|
|
|
|
|
|
|
|
2.551%, 06/15/2023 |
|
|
125 |
|
|
|
125 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
New York — 0.3% |
|
|
|
|
New York State Dormitory Authority, Ser B, RB |
|
|
|
|
|
|
|
|
3.329%, 03/15/2031 |
|
|
415 |
|
|
|
410 |
|
New York State, Urban Development, RB |
|
|
|
|
|
|
|
|
3.350%, 03/15/2026 |
|
|
665 |
|
|
|
674 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
1,084 |
|
| |
|
|
|
|
|
|
|
|
Wisconsin — 0.2% |
|
|
|
|
Wisconsin State, Ser A, RB, AGM |
|
|
|
|
|
|
|
|
5.700%, 05/01/2026 |
|
|
745 |
|
|
|
799 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Total Municipal Bonds |
|
|
|
|
|
|
|
|
(Cost $5,480) ($ Thousands) |
|
|
|
|
|
|
5,435 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
CASH EQUIVALENT — 3.1% |
SEI Daily Income Trust, Government Fund, Cl F |
|
|
|
|
|
|
|
|
0.108%**† |
|
|
12,606,214 |
|
|
$ |
12,606 |
|
| |
|
|
|
|
|
|
|
|
Total Cash Equivalent |
|
|
|
|
|
|
|
|
(Cost $12,606) ($ Thousands) |
|
|
|
|
|
|
12,606 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Total Investments in Securities — 104.8% |
|
|
|
|
|
|
|
|
(Cost $453,009) ($ Thousands) |
|
$ |
432,835 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
Contracts
|
|
|
|
|
|
PURCHASED OPTIONS* — 0.0% |
Total Purchased Options (E) |
|
|
|
|
|
|
|
|
(Cost $67) ($ Thousands) |
|
|
110 |
|
|
$ |
67 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
WRITTEN OPTIONS* — (0.0)% |
Total Written Options (E) |
|
|
|
|
|
|
|
|
(Premiums Received $124) ($ Thousands) |
|
|
(251 |
) |
|
$ |
(68 |
) |
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Concluded)
A list of open option contracts held by the Fund at March 31, 2022 are as follows:
Description |
|
Number of Contracts |
|
|
Notional Amount
(Thousands) |
|
|
Exercise Price |
|
|
Expiration Date |
|
|
Value
(Thousands) |
|
PURCHASED OPTIONS — 0.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Call Options |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
May 2022, U.S. 10 Year Future Option* |
|
|
27 |
|
|
$ |
3,328 |
|
|
$ |
123.25 |
|
|
|
4/16/2022 |
|
|
$ |
20 |
|
May 2022, U.S. 5 Year Future Option* |
|
|
37 |
|
|
|
4,255 |
|
|
|
115.00 |
|
|
|
4/16/2022 |
|
|
|
16 |
|
May 2022, U.S. 5 Year Future Option* |
|
|
46 |
|
|
|
5,267 |
|
|
|
114.50 |
|
|
|
4/16/2022 |
|
|
|
31 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Purchased Options |
|
|
|
|
|
$ |
12,850 |
|
|
|
|
|
|
|
|
|
|
$ |
67 |
|
WRITTEN OPTIONS — 0.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Call Options |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 2022, U.S. 10 Year Future Option* |
|
|
(26 |
) |
|
$ |
(3,224 |
) |
|
|
124.00 |
|
|
|
05/21/22 |
|
|
$ |
(20 |
) |
May 2022, U.S. 10 Year Future Option* |
|
|
(16 |
) |
|
|
(1,968 |
) |
|
|
123.00 |
|
|
|
04/16/22 |
|
|
|
(13 |
) |
May 2022, U.S. 10 Year Future Option* |
|
|
(27 |
) |
|
|
(3,348 |
) |
|
|
124.00 |
|
|
|
04/16/22 |
|
|
|
(11 |
) |
May 2022, U.S. 10 Year Future Option* |
|
|
(23 |
) |
|
|
(2,921 |
) |
|
|
127.00 |
|
|
|
04/16/22 |
|
|
|
(1 |
) |
May 2022, U.S. 10 Year Future Option* |
|
|
(15 |
) |
|
|
(1,868 |
) |
|
|
124.50 |
|
|
|
04/16/22 |
|
|
|
(4 |
) |
May 2022, U.S. 5 Year Future Option* |
|
|
(44 |
) |
|
|
(5,093 |
) |
|
|
115.75 |
|
|
|
04/16/22 |
|
|
|
(8 |
) |
May 2022, U.S. 5 Year Future Option* |
|
|
(53 |
) |
|
|
(6,174 |
) |
|
|
116.50 |
|
|
|
04/16/22 |
|
|
|
(5 |
) |
May 2022, U.S. 5 Year Future Option* |
|
|
(19 |
) |
|
|
(2,247 |
) |
|
|
118.25 |
|
|
|
04/16/22 |
|
|
|
(1 |
) |
May 2022, U.S. 5 Year Future Option* |
|
|
(10 |
) |
|
|
(1,185 |
) |
|
|
118.50 |
|
|
|
04/16/22 |
|
|
|
– |
|
April 2022, U.S. 5 Year Future Option* |
|
|
(18 |
) |
|
|
(2,061 |
) |
|
|
114.50 |
|
|
|
04/16/22 |
|
|
|
(5 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Written Options |
|
|
|
|
|
$ |
(30,089 |
) |
|
|
|
|
|
|
|
|
|
$ |
(68 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
A list of the open futures contracts held by the Fund at March 31, 2022 are as follows:
Type of Contract |
|
Number of
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (Thousands) |
|
|
Value (Thousands) |
|
|
Unrealized Appreciation/ (Depreciation) (Thousands) |
|
Long Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90-Day Euro$ |
|
|
41 |
|
|
|
Jun-2022 |
|
|
$ |
10,092 |
|
|
$ |
10,093 |
|
|
$ |
1 |
|
90-Day Euro$ |
|
|
41 |
|
|
|
Jun-2023 |
|
|
|
10,172 |
|
|
|
9,929 |
|
|
|
(243 |
) |
90-Day Euro$ |
|
|
137 |
|
|
|
Dec-2022 |
|
|
|
33,508 |
|
|
|
33,339 |
|
|
|
(169 |
) |
90-Day Euro$ |
|
|
11 |
|
|
|
Dec-2023 |
|
|
|
2,664 |
|
|
|
2,667 |
|
|
|
3 |
|
U.S. 2-Year Treasury Note |
|
|
97 |
|
|
|
Jul-2022 |
|
|
|
20,832 |
|
|
|
20,556 |
|
|
|
(276 |
) |
U.S. 5-Year Treasury Note |
|
|
304 |
|
|
|
Jul-2022 |
|
|
|
35,694 |
|
|
|
34,865 |
|
|
|
(829 |
) |
Ultra 10-Year U.S. Treasury Note |
|
|
80 |
|
|
|
Jun-2022 |
|
|
|
11,187 |
|
|
|
10,838 |
|
|
|
(349 |
) |
| |
|
|
|
|
|
|
|
|
|
|
124,149 |
|
|
|
122,287 |
|
|
|
(1,862 |
) |
Short Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. 10-Year Treasury Note |
|
|
(235 |
) |
|
|
Jun-2022 |
|
|
$ |
(29,424 |
) |
|
$ |
(28,876 |
) |
|
$ |
548 |
|
U.S. Long Treasury Bond |
|
|
(201 |
) |
|
|
Jun-2022 |
|
|
|
(31,166 |
) |
|
|
(30,162 |
) |
|
|
1,004 |
|
U.S. Ultra Long Treasury Bond |
|
|
(38 |
) |
|
|
Jun-2022 |
|
|
|
(7,100 |
) |
|
|
(6,731 |
) |
|
|
369 |
|
| |
|
|
|
|
|
|
|
|
|
|
(67,690 |
) |
|
|
(65,769 |
) |
|
|
1,921 |
|
| |
|
|
|
|
|
|
|
|
|
$ |
56,459 |
|
|
$ |
56,518 |
|
|
$ |
59 |
|
The futures contracts are considered to have interest rate risk associated with them.
|
Percentages are based on Net Assets of $413,063 ($ Thousands). |
* |
Non-income producing security. |
** |
The rate reported is the 7-day effective yield as of March 31, 2022. |
† |
Investment in Affiliated Security. |
(A) |
Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates. |
(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 March 31, 2022, the value of these securities amounted to $73,363 ($ Thousands), representing 17.8% of the Net Assets of the Fund. |
(C) |
Zero coupon security. |
(D) |
Interest rate represents the security’s effective yield at time of purchase. |
(E) |
Refer to table below for details on Options Contracts. |
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Income Fund (Concluded)
ABS — Asset-Backed Security |
AGM— Assured Guaranty Municipal |
Cl — Class |
CLO — Collateralized Loan Obligation |
CMO — Collateralized Mortgage Obligation |
DAC — Designated Activity Company |
FHLMC — Federal Home Loan Mortgage Corporation |
FNMA — Federal National Mortgage Association |
FRESB — Freddie Mac Small Balance Mortgage Trust |
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 |
LLC — Limited Liability Company |
L.P. — Limited Partnership |
MTN — Medium Term Note |
PLC — Public Limited Company |
RB — Revenue Bond |
REMIC — Real Estate Mortgage Investment Conduit |
Ser — Series |
SOFR — Secured Overnight Financing Rate |
SOFR30A — Secured Overnight Financing Rate 30-day Average |
STACR — Structured Agency Credit Risk |
TBA — To Be Announced |
TSFR1M — Term Secured Overnight Financing Rate 1 Month |
USD — U.S. Dollar |
The following is a list of the level of inputs used as of March 31, 2022, 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 |
|
|
– |
|
|
|
162,053 |
|
|
|
– |
|
|
|
162,053 |
|
Corporate Obligations |
|
|
– |
|
|
|
114,177 |
|
|
|
– |
|
|
|
114,177 |
|
U.S. Treasury Obligations |
|
|
– |
|
|
|
98,744 |
|
|
|
– |
|
|
|
98,744 |
|
Asset-Backed Securities |
|
|
– |
|
|
|
30,708 |
|
|
|
– |
|
|
|
30,708 |
|
Sovereign Debt |
|
|
– |
|
|
|
9,112 |
|
|
|
– |
|
|
|
9,112 |
|
Municipal Bonds |
|
|
– |
|
|
|
5,435 |
|
|
|
– |
|
|
|
5,435 |
|
Cash Equivalent |
|
|
12,606 |
|
|
|
– |
|
|
|
– |
|
|
|
12,606 |
|
Total Investments in Securities |
|
|
12,606 |
|
|
|
420,229 |
|
|
|
– |
|
|
|
432,835 |
|
Other Financial Instruments |
|
Level 1
($) |
|
|
Level 2
($) |
|
|
Level 3
($) |
|
|
Total
($) |
|
Purchased Options |
|
|
67 |
|
|
|
– |
|
|
|
– |
|
|
|
67 |
|
Written Options |
|
|
(68 |
) |
|
|
– |
|
|
|
– |
|
|
|
(68 |
) |
Futures Contracts* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized Appreciation |
|
|
1,925 |
|
|
|
– |
|
|
|
– |
|
|
|
1,925 |
|
Unrealized Depreciation |
|
|
(1,866 |
) |
|
|
– |
|
|
|
– |
|
|
|
(1,866 |
) |
Total Other Financial Instruments |
|
|
58 |
|
|
|
– |
|
|
|
– |
|
|
|
58 |
|
|
*
|
Futures contracts are value at the unrealized appreciation (depreciation) on the instrument.
|
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 March 31, 2022 ($ Thousands):
Security Description |
|
Value
6/30/2021 |
|
|
Purchases
at Cost |
|
|
Proceeds from Sales |
|
|
Realized Gain/(Loss) |
|
|
Change in Unrealized Appreciation (Depreciation) |
|
|
Value 3/31/2022 |
|
|
Shares |
|
|
Income |
|
|
Capital Gains |
|
SEI Daily Income Trust, Government Fund, Cl F |
|
$ |
9,145 |
|
|
$ |
153,659 |
|
|
$ |
(150,198 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
12,606 |
|
|
|
12,606,214 |
|
|
$ |
1 |
|
|
$ |
— |
|
Amounts designated as “—” are $0 or have been rounded to $0.
New Covenant Funds / Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Balanced Growth Fund
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
AFFILIATED INVESTMENT FUNDS — 99.0% |
Equity Fund — 60.5% |
|
|
|
|
New Covenant Growth Fund † |
|
|
3,838,531 |
|
|
$ |
223,901 |
|
| |
|
|
|
|
|
|
|
|
Total Equity Fund |
|
|
|
|
|
|
|
|
(Cost $106,815) ($ Thousands) |
|
|
|
|
|
|
223,901 |
|
Fixed Income Fund — 38.5% |
|
|
|
|
New Covenant Income Fund † |
|
|
6,440,513 |
|
|
|
142,400 |
|
| |
|
|
|
|
|
|
|
|
Total Fixed Income Fund |
|
|
|
|
|
|
|
|
(Cost $149,268) ($ Thousands) |
|
|
|
|
|
|
142,400 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Description |
|
Shares
|
|
|
Market Value
($ Thousands) |
|
CASH EQUIVALENT — 1.0% |
SEI Daily Income Trust, Government Fund, Cl F |
|
|
|
|
|
|
|
|
0.108%**† |
|
|
3,810,136 |
|
|
$ |
3,810 |
|
| |
|
|
|
|
|
|
|
|
Total Cash Equivalent |
|
|
|
|
|
|
|
|
(Cost $3,810) ($ Thousands) |
|
|
|
|
|
|
3,810 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Total Investments in Securities — 100.0% |
|
|
|
|
|
|
|
|
(Cost $259,893) ($ Thousands) |
|
$ |
370,111 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
Percentages are based on Net Assets of $370,215 ($ Thousands). |
** |
Rate shown is the 7-day effective yield as of March 31, 2022. |
† |
Investment in Affiliated Security. |
As of March 31, 2022, 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 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 March 31, 2022 ($ Thousands):
Security Description |
|
Value
6/30/2021 |
|
|
Purchases
at Cost |
|
|
Proceeds from Sales |
|
|
Realized Gain/(Loss) |
|
|
Change in Unrealized Appreciation (Depreciation) |
|
|
Value
3/31/2022 |
|
|
Shares |
|
|
Income |
|
|
Capital Gains |
|
New Covenant Growth Fund |
|
$ |
227,402 |
|
|
$ |
21,147 |
|
|
$ |
(20,254 |
) |
|
$ |
4,478 |
|
|
$ |
(8,872 |
) |
|
$ |
223,901 |
|
|
|
3,838,531 |
|
|
$ |
1,097 |
|
|
$ |
11,312 |
|
New Covenant Income Fund |
|
|
142,305 |
|
|
|
18,547 |
|
|
|
(7,263 |
) |
|
|
(256 |
) |
|
|
(10,933 |
) |
|
|
142,400 |
|
|
|
6,440,513 |
|
|
|
1,683 |
|
|
|
349 |
|
SEI Daily Income Trust, Government Fund, Cl F |
|
|
3,258 |
|
|
|
26,732 |
|
|
|
(26,180 |
) |
|
|
— |
|
|
|
— |
|
|
|
3,810 |
|
|
|
3,810,136 |
|
|
|
— |
|
|
|
— |
|
Totals |
|
$ |
372,965 |
|
|
$ |
66,426 |
|
|
$ |
(53,697 |
) |
|
$ |
4,222 |
|
|
$ |
(19,805 |
) |
|
$ |
370,111 |
|
|
|
|
|
|
$ |
2,780 |
|
|
$ |
11,661 |
|
Amounts designated as "—" are $0 or have been rounded to $0.
New Covenant Funds/ Quarterly Report /March 31, 2022
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2022
New Covenant Balanced Income Fund
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
AFFILIATED INVESTMENT FUNDS — 98.8% |
Fixed Income Fund — 63.4% |
|
|
|
|
New Covenant Income Fund † |
|
|
2,952,574 |
|
|
$ |
65,281 |
|
| |
|
|
|
|
|
|
|
|
Total Fixed Income Fund |
|
|
|
|
|
|
|
|
(Cost $68,528) ($ Thousands) |
|
|
|
|
|
|
65,281 |
|
Equity Fund — 35.4% |
|
|
|
|
New Covenant Growth Fund † |
|
|
625,586 |
|
|
|
36,491 |
|
| |
|
|
|
|
|
|
|
|
Total Equity Fund |
|
|
|
|
|
|
|
|
(Cost $18,560) ($ Thousands) |
|
|
|
|
|
|
36,491 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Description |
|
Shares
|
|
|
Market Value
($ Thousands) |
|
CASH EQUIVALENT — 1.2% |
SEI Daily Income Trust, Government Fund, Cl F |
|
|
|
|
|
|
|
|
0.108%**† |
|
|
1,237,478 |
|
|
$ |
1,237 |
|
| |
|
|
|
|
|
|
|
|
Total Cash Equivalent |
|
|
|
|
|
|
|
|
(Cost $1,237) ($ Thousands) |
|
|
|
|
|
|
1,237 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Total Investments in Securities — 100.0% |
|
|
|
|
|
|
|
|
(Cost $88,325) ($ Thousands) |
|
$ |
103,009 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
Percentages are based on Net Assets of $103,061 ($ Thousands). |
** |
Rate shown is the 7-day effective yield as of March 31, 2022. |
† |
Investment in Affiliated Security. |
As of March 31, 2022, 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 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 March 31, 2022 ($ Thousands):
Security Description |
|
Value
6/30/2021 |
|
|
Purchases
at Cost |
|
|
Proceeds from Sales |
|
|
Realized Gain/ (Loss) |
|
|
Change in Unrealized Appreciation (Depreciation) |
|
|
Value
3/31/2022 |
|
|
Shares |
|
|
Income |
|
|
Capital Gains |
|
New Covenant Income Fund |
|
$ |
56,398 |
|
|
$ |
15,299 |
|
|
$ |
(1,398 |
) |
|
$ |
(48 |
) |
|
$ |
(4,970 |
) |
|
$ |
65,281 |
|
|
|
2,952,574 |
|
|
$ |
700 |
|
|
$ |
160 |
|
New Covenant Growth Fund |
|
|
31,375 |
|
|
|
8,751 |
|
|
|
(2,589 |
) |
|
|
741 |
|
|
|
(1,787 |
) |
|
|
36,491 |
|
|
|
625,586 |
|
|
|
162 |
|
|
|
1,819 |
|
SEI Daily Income Trust, Government Fund, Cl F |
|
|
717 |
|
|
|
24,782 |
|
|
|
(24,262 |
) |
|
|
— |
|
|
|
— |
|
|
|
1,237 |
|
|
|
1,237,478 |
|
|
|
— |
|
|
|
— |
|
Totals |
|
$ |
88,490 |
|
|
$ |
48,832 |
|
|
$ |
(28,249 |
) |
|
$ |
693 |
|
|
$ |
(6,757 |
) |
|
$ |
103,009 |
|
|
|
|
|
|
$ |
862 |
|
|
$ |
1,979 |
|
Amounts designated as "—" are $0 or have been rounded to $0.
New Covenant Funds / Quarterly Report /March 31, 2022