SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Growth Fund
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Description |
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Shares |
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Market Value
($ Thousands) |
|
COMMON STOCK†† — 97.8% |
| |
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|
Communication Services — 8.0% |
|
|
|
|
Alphabet Inc, Cl A * |
|
|
60,052 |
|
|
$ |
9,064 |
|
Alphabet Inc, Cl C * |
|
|
50,229 |
|
|
|
7,648 |
|
AT&T Inc |
|
|
47,181 |
|
|
|
830 |
|
Atlanta Braves Holdings Inc, Cl A * |
|
|
1,732 |
|
|
|
73 |
|
Atlanta Braves Holdings Inc, Cl C * |
|
|
1,938 |
|
|
|
76 |
|
Bandwidth Inc, Cl A * |
|
|
74 |
|
|
|
1 |
|
Cable One Inc |
|
|
79 |
|
|
|
33 |
|
Cardlytics Inc * |
|
|
761 |
|
|
|
11 |
|
Cars.com Inc * |
|
|
4,178 |
|
|
|
72 |
|
Charter Communications Inc, Cl A * |
|
|
277 |
|
|
|
80 |
|
Cinemark Holdings Inc * |
|
|
4,289 |
|
|
|
77 |
|
Cogent Communications Holdings Inc |
|
|
148 |
|
|
|
10 |
|
Comcast Corp, Cl A |
|
|
52,817 |
|
|
|
2,290 |
|
EchoStar Corp, Cl A * |
|
|
1,124 |
|
|
|
16 |
|
Electronic Arts Inc |
|
|
6,385 |
|
|
|
847 |
|
EverQuote Inc, Cl A * |
|
|
1,468 |
|
|
|
27 |
|
EW Scripps Co/The, Cl A * |
|
|
3,299 |
|
|
|
13 |
|
Fox Corp, Cl A |
|
|
1,372 |
|
|
|
43 |
|
Fox Corp, Cl B |
|
|
1,428 |
|
|
|
41 |
|
IAC Inc * |
|
|
376 |
|
|
|
20 |
|
IMAX Corp * |
|
|
2,244 |
|
|
|
36 |
|
Interpublic Group of Cos Inc/The |
|
|
8,487 |
|
|
|
277 |
|
Iridium Communications Inc |
|
|
366 |
|
|
|
10 |
|
John Wiley & Sons Inc, Cl A |
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|
236 |
|
|
|
9 |
|
Liberty Broadband Corp, Cl A * |
|
|
81 |
|
|
|
5 |
|
Liberty Broadband Corp, Cl C * |
|
|
343 |
|
|
|
20 |
|
Liberty Media Corp-Liberty Live, Cl C * |
|
|
59 |
|
|
|
3 |
|
Liberty Media Corp-Liberty SiriusXM * |
|
|
234 |
|
|
|
7 |
|
Madison Square Garden Entertainment Corp, Cl A * |
|
|
697 |
|
|
|
27 |
|
Madison Square Garden Sports Corp * |
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|
39 |
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|
7 |
|
Magnite Inc * |
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2,551 |
|
|
|
27 |
|
Match Group Inc * |
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1,841 |
|
|
|
67 |
|
Meta Platforms Inc, Cl A |
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22,386 |
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10,870 |
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Netflix Inc * |
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3,772 |
|
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2,291 |
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New York Times Co/The, Cl A |
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|
439 |
|
|
|
19 |
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News Corp, Cl A |
|
|
829 |
|
|
|
22 |
|
Nexstar Media Group Inc, Cl A |
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|
94 |
|
|
|
16 |
|
Omnicom Group Inc |
|
|
8,191 |
|
|
|
792 |
|
Paramount Global, Cl B |
|
|
7,304 |
|
|
|
86 |
|
Pinterest Inc, Cl A * |
|
|
3,339 |
|
|
|
116 |
|
ROBLOX Corp, Cl A * |
|
|
3,654 |
|
|
|
139 |
|
Shutterstock Inc |
|
|
205 |
|
|
|
9 |
|
Sirius XM Holdings Inc |
|
|
7,153 |
|
|
|
28 |
|
Sphere Entertainment Co * |
|
|
697 |
|
|
|
34 |
|
Spotify Technology SA * |
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|
1,265 |
|
|
|
334 |
|
Take-Two Interactive Software Inc * |
|
|
897 |
|
|
|
133 |
|
TechTarget Inc * |
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|
1,986 |
|
|
|
66 |
|
TEGNA Inc |
|
|
3,052 |
|
|
|
46 |
|
TKO Group Holdings Inc, Cl A |
|
|
780 |
|
|
|
67 |
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T-Mobile US Inc |
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|
2,638 |
|
|
|
431 |
|
| |
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Description |
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Shares |
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Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Trade Desk Inc/The, Cl A * |
|
|
8,290 |
|
|
$ |
725 |
|
TripAdvisor Inc * |
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|
1,712 |
|
|
|
48 |
|
Verizon Communications Inc |
|
|
57,853 |
|
|
|
2,427 |
|
Vimeo Inc * |
|
|
610 |
|
|
|
2 |
|
Walt Disney Co/The |
|
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21,958 |
|
|
|
2,687 |
|
Warner Bros Discovery Inc * |
|
|
4,164 |
|
|
|
36 |
|
Yelp Inc, Cl A * |
|
|
1,355 |
|
|
|
53 |
|
Ziff Davis Inc * |
|
|
2,547 |
|
|
|
161 |
|
ZoomInfo Technologies Inc, Cl A * |
|
|
2,021 |
|
|
|
32 |
|
| |
|
|
|
|
|
|
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|
| |
|
|
|
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|
43,437 |
|
Consumer Discretionary — 10.7% |
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|
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|
1-800-Flowers.com Inc, Cl A * |
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|
3,668 |
|
|
|
40 |
|
Abercrombie & Fitch Co, Cl A * |
|
|
788 |
|
|
|
99 |
|
Acushnet Holdings Corp |
|
|
987 |
|
|
|
65 |
|
Adient PLC * |
|
|
732 |
|
|
|
24 |
|
ADT Inc |
|
|
4,942 |
|
|
|
33 |
|
Adtalem Global Education Inc * |
|
|
5,431 |
|
|
|
279 |
|
Advance Auto Parts Inc |
|
|
317 |
|
|
|
27 |
|
Airbnb Inc, Cl A * |
|
|
3,103 |
|
|
|
512 |
|
Amazon.com Inc * |
|
|
93,237 |
|
|
|
16,818 |
|
American Eagle Outfitters Inc |
|
|
3,416 |
|
|
|
88 |
|
Aptiv PLC * |
|
|
3,490 |
|
|
|
278 |
|
Aramark |
|
|
260 |
|
|
|
8 |
|
Asbury Automotive Group Inc * |
|
|
70 |
|
|
|
17 |
|
AutoNation Inc * |
|
|
970 |
|
|
|
161 |
|
AutoZone Inc * |
|
|
235 |
|
|
|
741 |
|
Bath & Body Works Inc |
|
|
638 |
|
|
|
32 |
|
Best Buy Co Inc |
|
|
2,491 |
|
|
|
204 |
|
Big Lots Inc |
|
|
1,758 |
|
|
|
8 |
|
Bloomin' Brands Inc |
|
|
2,259 |
|
|
|
65 |
|
Booking Holdings Inc |
|
|
563 |
|
|
|
2,042 |
|
Boot Barn Holdings Inc * |
|
|
199 |
|
|
|
19 |
|
BorgWarner Inc |
|
|
321 |
|
|
|
11 |
|
Bright Horizons Family Solutions Inc * |
|
|
76 |
|
|
|
9 |
|
Brinker International Inc * |
|
|
1,180 |
|
|
|
59 |
|
Brunswick Corp/DE |
|
|
839 |
|
|
|
81 |
|
Buckle Inc/The |
|
|
1,885 |
|
|
|
76 |
|
Burlington Stores Inc * |
|
|
482 |
|
|
|
112 |
|
Capri Holdings Ltd * |
|
|
1,319 |
|
|
|
60 |
|
CarMax Inc * |
|
|
1,086 |
|
|
|
95 |
|
Carnival Corp * |
|
|
15,800 |
|
|
|
258 |
|
Carter's Inc |
|
|
471 |
|
|
|
40 |
|
Carvana Co, Cl A * |
|
|
1,322 |
|
|
|
116 |
|
Cavco Industries Inc * |
|
|
60 |
|
|
|
24 |
|
Cheesecake Factory Inc/The |
|
|
1,236 |
|
|
|
45 |
|
Chegg Inc * |
|
|
176 |
|
|
|
1 |
|
Children's Place Inc/The * |
|
|
812 |
|
|
|
9 |
|
Chipotle Mexican Grill Inc, Cl A * |
|
|
232 |
|
|
|
674 |
|
Choice Hotels International Inc |
|
|
113 |
|
|
|
14 |
|
Columbia Sportswear Co |
|
|
891 |
|
|
|
72 |
|
Cracker Barrel Old Country Store Inc |
|
|
323 |
|
|
|
23 |
|
Crocs Inc * |
|
|
1,116 |
|
|
|
160 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Dana Inc |
|
|
2,660 |
|
|
$ |
34 |
|
Darden Restaurants Inc |
|
|
705 |
|
|
|
118 |
|
Dave & Buster's Entertainment Inc * |
|
|
1,283 |
|
|
|
80 |
|
Deckers Outdoor Corp * |
|
|
1,186 |
|
|
|
1,116 |
|
Denny's Corp * |
|
|
2,500 |
|
|
|
22 |
|
Designer Brands Inc, Cl A |
|
|
3,316 |
|
|
|
36 |
|
Dick's Sporting Goods Inc |
|
|
700 |
|
|
|
157 |
|
Dillard's Inc, Cl A |
|
|
45 |
|
|
|
21 |
|
Domino's Pizza Inc |
|
|
33 |
|
|
|
16 |
|
DoorDash Inc, Cl A * |
|
|
523 |
|
|
|
72 |
|
Dorman Products Inc * |
|
|
128 |
|
|
|
12 |
|
DR Horton Inc |
|
|
890 |
|
|
|
146 |
|
eBay Inc |
|
|
19,465 |
|
|
|
1,027 |
|
Etsy Inc * |
|
|
1,162 |
|
|
|
80 |
|
Expedia Group Inc * |
|
|
389 |
|
|
|
54 |
|
Five Below Inc * |
|
|
410 |
|
|
|
74 |
|
Floor & Decor Holdings Inc, Cl A * |
|
|
232 |
|
|
|
30 |
|
Foot Locker Inc |
|
|
1,308 |
|
|
|
37 |
|
Ford Motor Co |
|
|
16,002 |
|
|
|
213 |
|
Fox Factory Holding Corp * |
|
|
749 |
|
|
|
39 |
|
Frontdoor Inc * |
|
|
251 |
|
|
|
8 |
|
GameStop Corp, Cl A * |
|
|
2,040 |
|
|
|
26 |
|
Gap Inc/The |
|
|
11,382 |
|
|
|
314 |
|
Garmin Ltd |
|
|
418 |
|
|
|
62 |
|
General Motors Co |
|
|
2,770 |
|
|
|
126 |
|
Gentex Corp |
|
|
440 |
|
|
|
16 |
|
Gentherm Inc * |
|
|
184 |
|
|
|
11 |
|
Genuine Parts Co |
|
|
67 |
|
|
|
10 |
|
Goodyear Tire & Rubber Co/The * |
|
|
989 |
|
|
|
14 |
|
Graham Holdings Co, Cl B |
|
|
78 |
|
|
|
60 |
|
Grand Canyon Education Inc * |
|
|
121 |
|
|
|
16 |
|
Group 1 Automotive Inc |
|
|
86 |
|
|
|
25 |
|
GrowGeneration Corp * |
|
|
2,599 |
|
|
|
7 |
|
H&R Block Inc |
|
|
2,109 |
|
|
|
104 |
|
Hanesbrands Inc * |
|
|
13,319 |
|
|
|
77 |
|
Hasbro Inc |
|
|
2,632 |
|
|
|
149 |
|
Helen of Troy Ltd * |
|
|
57 |
|
|
|
7 |
|
Hilton Grand Vacations Inc * |
|
|
3,016 |
|
|
|
142 |
|
Hilton Worldwide Holdings Inc |
|
|
8,404 |
|
|
|
1,793 |
|
Home Depot Inc/The |
|
|
11,555 |
|
|
|
4,433 |
|
Hyatt Hotels Corp, Cl A |
|
|
135 |
|
|
|
22 |
|
Installed Building Products Inc |
|
|
125 |
|
|
|
32 |
|
iRobot Corp * |
|
|
1,013 |
|
|
|
9 |
|
Jack in the Box Inc |
|
|
658 |
|
|
|
45 |
|
Johnson Outdoors Inc, Cl A |
|
|
659 |
|
|
|
30 |
|
KB Home |
|
|
4,733 |
|
|
|
335 |
|
Kohl's Corp |
|
|
1,859 |
|
|
|
54 |
|
Kontoor Brands Inc |
|
|
1,282 |
|
|
|
77 |
|
La-Z-Boy Inc, Cl Z |
|
|
1,597 |
|
|
|
60 |
|
LCI Industries |
|
|
483 |
|
|
|
59 |
|
Lear Corp |
|
|
5,902 |
|
|
|
855 |
|
Leggett & Platt Inc |
|
|
222 |
|
|
|
4 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Lennar Corp, Cl B |
|
|
122 |
|
|
$ |
19 |
|
LGI Homes Inc * |
|
|
127 |
|
|
|
15 |
|
LKQ Corp |
|
|
317 |
|
|
|
17 |
|
Lowe's Cos Inc |
|
|
8,938 |
|
|
|
2,277 |
|
Lucid Group Inc * |
|
|
33,236 |
|
|
|
95 |
|
Lululemon Athletica Inc * |
|
|
245 |
|
|
|
96 |
|
M/I Homes Inc * |
|
|
198 |
|
|
|
27 |
|
Macy's Inc |
|
|
4,042 |
|
|
|
81 |
|
Malibu Boats Inc, Cl A * |
|
|
202 |
|
|
|
9 |
|
Marriott International Inc/MD, Cl A |
|
|
3,599 |
|
|
|
908 |
|
Marriott Vacations Worldwide Corp |
|
|
394 |
|
|
|
42 |
|
Mattel Inc * |
|
|
711 |
|
|
|
14 |
|
McDonald's Corp |
|
|
9,415 |
|
|
|
2,655 |
|
Meritage Homes Corp |
|
|
794 |
|
|
|
139 |
|
Mohawk Industries Inc * |
|
|
127 |
|
|
|
17 |
|
Monro Inc |
|
|
626 |
|
|
|
20 |
|
Murphy USA Inc |
|
|
263 |
|
|
|
110 |
|
National Vision Holdings Inc * |
|
|
447 |
|
|
|
10 |
|
Newell Brands Inc |
|
|
605 |
|
|
|
5 |
|
NIKE Inc, Cl B |
|
|
7,934 |
|
|
|
746 |
|
Nordstrom Inc |
|
|
3,866 |
|
|
|
78 |
|
Norwegian Cruise Line Holdings Ltd * |
|
|
5,839 |
|
|
|
122 |
|
NVR Inc * |
|
|
13 |
|
|
|
105 |
|
ODP Corp/The * |
|
|
283 |
|
|
|
15 |
|
Ollie's Bargain Outlet Holdings Inc * |
|
|
212 |
|
|
|
17 |
|
O'Reilly Automotive Inc * |
|
|
196 |
|
|
|
221 |
|
Oxford Industries Inc |
|
|
665 |
|
|
|
75 |
|
Papa John's International Inc |
|
|
151 |
|
|
|
10 |
|
Peloton Interactive Inc, Cl A * |
|
|
2,845 |
|
|
|
12 |
|
Penske Automotive Group Inc |
|
|
957 |
|
|
|
155 |
|
PetMed Express Inc |
|
|
366 |
|
|
|
2 |
|
Phinia Inc |
|
|
64 |
|
|
|
2 |
|
Planet Fitness Inc, Cl A * |
|
|
173 |
|
|
|
11 |
|
Polaris Inc |
|
|
966 |
|
|
|
97 |
|
PulteGroup Inc |
|
|
1,312 |
|
|
|
158 |
|
PVH Corp |
|
|
108 |
|
|
|
15 |
|
Ralph Lauren Corp, Cl A |
|
|
690 |
|
|
|
130 |
|
Revolve Group Inc, Cl A * |
|
|
2,223 |
|
|
|
47 |
|
RH * |
|
|
45 |
|
|
|
16 |
|
Rivian Automotive Inc, Cl A * |
|
|
1,274 |
|
|
|
14 |
|
Ross Stores Inc |
|
|
857 |
|
|
|
126 |
|
Royal Caribbean Cruises Ltd * |
|
|
7,156 |
|
|
|
995 |
|
Sabre Corp * |
|
|
506 |
|
|
|
1 |
|
Sally Beauty Holdings Inc * |
|
|
2,794 |
|
|
|
35 |
|
Service Corp International/US |
|
|
250 |
|
|
|
19 |
|
Shake Shack Inc, Cl A * |
|
|
157 |
|
|
|
16 |
|
Signet Jewelers Ltd |
|
|
2,402 |
|
|
|
240 |
|
Six Flags Entertainment Corp * |
|
|
248 |
|
|
|
7 |
|
Sleep Number Corp * |
|
|
1,033 |
|
|
|
17 |
|
Standard Motor Products Inc |
|
|
943 |
|
|
|
32 |
|
Starbucks Corp |
|
|
15,798 |
|
|
|
1,444 |
|
Steven Madden Ltd |
|
|
1,178 |
|
|
|
50 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Stitch Fix Inc, Cl A * |
|
|
1,021 |
|
|
$ |
3 |
|
Strategic Education Inc |
|
|
331 |
|
|
|
34 |
|
Stride Inc * |
|
|
348 |
|
|
|
22 |
|
Tapestry Inc |
|
|
2,803 |
|
|
|
133 |
|
Taylor Morrison Home Corp, Cl A * |
|
|
12,743 |
|
|
|
792 |
|
Tempur Sealy International Inc |
|
|
2,272 |
|
|
|
129 |
|
Tesla Inc * |
|
|
27,064 |
|
|
|
4,758 |
|
Texas Roadhouse Inc, Cl A |
|
|
889 |
|
|
|
137 |
|
Thor Industries Inc |
|
|
106 |
|
|
|
12 |
|
TJX Cos Inc/The |
|
|
13,629 |
|
|
|
1,382 |
|
Toll Brothers Inc |
|
|
269 |
|
|
|
35 |
|
TopBuild Corp * |
|
|
315 |
|
|
|
139 |
|
Topgolf Callaway Brands Corp * |
|
|
2,383 |
|
|
|
39 |
|
Tractor Supply Co |
|
|
2,377 |
|
|
|
622 |
|
Travel + Leisure Co |
|
|
307 |
|
|
|
15 |
|
Tri Pointe Homes Inc * |
|
|
3,236 |
|
|
|
125 |
|
Udemy Inc * |
|
|
3,378 |
|
|
|
37 |
|
Ulta Beauty Inc * |
|
|
279 |
|
|
|
146 |
|
Under Armour Inc, Cl C * |
|
|
556 |
|
|
|
4 |
|
United Parks & Resorts Inc * |
|
|
251 |
|
|
|
14 |
|
Upbound Group Inc, Cl A |
|
|
1,764 |
|
|
|
62 |
|
Urban Outfitters Inc * |
|
|
417 |
|
|
|
18 |
|
Vail Resorts Inc |
|
|
46 |
|
|
|
10 |
|
Valvoline Inc * |
|
|
11,216 |
|
|
|
500 |
|
VF Corp |
|
|
4,023 |
|
|
|
62 |
|
Victoria's Secret & Co * |
|
|
212 |
|
|
|
4 |
|
Visteon Corp * |
|
|
85 |
|
|
|
10 |
|
Wayfair Inc, Cl A * |
|
|
320 |
|
|
|
22 |
|
Wendy's Co/The |
|
|
11,419 |
|
|
|
215 |
|
Whirlpool Corp |
|
|
638 |
|
|
|
76 |
|
Williams-Sonoma Inc |
|
|
160 |
|
|
|
51 |
|
Wingstop Inc |
|
|
363 |
|
|
|
133 |
|
Winnebago Industries Inc |
|
|
191 |
|
|
|
14 |
|
Wolverine World Wide Inc |
|
|
1,511 |
|
|
|
17 |
|
Worthington Enterprises Inc |
|
|
223 |
|
|
|
14 |
|
Wyndham Hotels & Resorts Inc |
|
|
189 |
|
|
|
15 |
|
Yum! Brands Inc |
|
|
8,356 |
|
|
|
1,159 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
58,411 |
|
Consumer Staples — 5.4% |
|
|
|
|
Andersons Inc/The |
|
|
338 |
|
|
|
19 |
|
Archer-Daniels-Midland Co |
|
|
5,103 |
|
|
|
321 |
|
B&G Foods Inc |
|
|
862 |
|
|
|
10 |
|
BellRing Brands Inc * |
|
|
136 |
|
|
|
8 |
|
Beyond Meat Inc * |
|
|
166 |
|
|
|
1 |
|
Bunge Global SA |
|
|
929 |
|
|
|
95 |
|
Calavo Growers Inc |
|
|
571 |
|
|
|
16 |
|
Campbell Soup Co |
|
|
10,354 |
|
|
|
460 |
|
Casey's General Stores Inc |
|
|
65 |
|
|
|
21 |
|
Chefs' Warehouse Inc/The * |
|
|
1,366 |
|
|
|
52 |
|
Church & Dwight Co Inc |
|
|
1,025 |
|
|
|
107 |
|
Clorox Co/The |
|
|
2,716 |
|
|
|
416 |
|
Coca-Cola Co/The |
|
|
48,833 |
|
|
|
2,988 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Colgate-Palmolive Co |
|
|
7,375 |
|
|
$ |
664 |
|
Conagra Brands Inc |
|
|
3,435 |
|
|
|
102 |
|
Costco Wholesale Corp |
|
|
4,066 |
|
|
|
2,979 |
|
Coty Inc, Cl A * |
|
|
1,026 |
|
|
|
12 |
|
Darling Ingredients Inc * |
|
|
716 |
|
|
|
33 |
|
Dollar General Corp |
|
|
752 |
|
|
|
117 |
|
Dollar Tree Inc * |
|
|
1,320 |
|
|
|
176 |
|
Edgewell Personal Care Co |
|
|
310 |
|
|
|
12 |
|
elf Beauty Inc * |
|
|
1,902 |
|
|
|
373 |
|
Energizer Holdings Inc |
|
|
231 |
|
|
|
7 |
|
Estee Lauder Cos Inc/The, Cl A |
|
|
2,390 |
|
|
|
368 |
|
Flowers Foods Inc |
|
|
555 |
|
|
|
13 |
|
Fresh Del Monte Produce Inc |
|
|
1,442 |
|
|
|
37 |
|
General Mills Inc |
|
|
13,887 |
|
|
|
972 |
|
Hain Celestial Group Inc/The * |
|
|
461 |
|
|
|
4 |
|
Herbalife Ltd * |
|
|
1,088 |
|
|
|
11 |
|
Hershey Co/The |
|
|
2,295 |
|
|
|
446 |
|
HF Foods Group Inc * |
|
|
2,213 |
|
|
|
8 |
|
Hormel Foods Corp |
|
|
4,797 |
|
|
|
167 |
|
Ingredion Inc |
|
|
1,110 |
|
|
|
130 |
|
J M Smucker Co/The |
|
|
6,494 |
|
|
|
817 |
|
Kellanova |
|
|
6,713 |
|
|
|
385 |
|
Keurig Dr Pepper Inc |
|
|
32,477 |
|
|
|
996 |
|
Kimberly-Clark Corp |
|
|
6,484 |
|
|
|
839 |
|
Kraft Heinz Co/The |
|
|
3,923 |
|
|
|
145 |
|
Kroger Co/The |
|
|
15,936 |
|
|
|
910 |
|
Lamb Weston Holdings Inc |
|
|
594 |
|
|
|
63 |
|
McCormick & Co Inc/MD |
|
|
5,832 |
|
|
|
448 |
|
Medifast Inc |
|
|
71 |
|
|
|
3 |
|
Mondelez International Inc, Cl A |
|
|
17,402 |
|
|
|
1,218 |
|
Monster Beverage Corp * |
|
|
889 |
|
|
|
53 |
|
National Beverage Corp * |
|
|
344 |
|
|
|
16 |
|
PepsiCo Inc |
|
|
21,457 |
|
|
|
3,755 |
|
PriceSmart Inc |
|
|
179 |
|
|
|
15 |
|
Procter & Gamble Co/The |
|
|
22,146 |
|
|
|
3,593 |
|
SpartanNash Co |
|
|
1,252 |
|
|
|
25 |
|
Sprouts Farmers Market Inc * |
|
|
623 |
|
|
|
40 |
|
Sysco Corp |
|
|
11,594 |
|
|
|
941 |
|
Target Corp |
|
|
6,577 |
|
|
|
1,166 |
|
TreeHouse Foods Inc * |
|
|
237 |
|
|
|
9 |
|
Tyson Foods Inc, Cl A |
|
|
1,410 |
|
|
|
83 |
|
US Foods Holding Corp * |
|
|
2,211 |
|
|
|
119 |
|
Vita Coco Co Inc/The * |
|
|
1,354 |
|
|
|
33 |
|
Walgreens Boots Alliance Inc |
|
|
27,118 |
|
|
|
588 |
|
Walmart Inc |
|
|
37,056 |
|
|
|
2,230 |
|
WK Kellogg Co |
|
|
1,678 |
|
|
|
32 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
29,667 |
|
Energy — 3.8% |
|
|
|
|
Antero Midstream Corp |
|
|
26,635 |
|
|
|
374 |
|
Antero Resources Corp * |
|
|
6,426 |
|
|
|
186 |
|
APA Corp |
|
|
332 |
|
|
|
11 |
|
Baker Hughes Co, Cl A |
|
|
9,516 |
|
|
|
319 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Borr Drilling Ltd |
|
|
11,900 |
|
|
$ |
82 |
|
Cactus Inc, Cl A |
|
|
298 |
|
|
|
15 |
|
Callon Petroleum Co * |
|
|
2,548 |
|
|
|
91 |
|
ChampionX Corp |
|
|
383 |
|
|
|
14 |
|
Cheniere Energy Inc |
|
|
6,249 |
|
|
|
1,008 |
|
Chesapeake Energy Corp |
|
|
1,093 |
|
|
|
97 |
|
Civitas Resources Inc |
|
|
179 |
|
|
|
14 |
|
Clean Energy Fuels Corp * |
|
|
4,579 |
|
|
|
12 |
|
CNX Resources Corp * |
|
|
1,745 |
|
|
|
41 |
|
ConocoPhillips |
|
|
23,007 |
|
|
|
2,928 |
|
CONSOL Energy Inc |
|
|
213 |
|
|
|
18 |
|
Coterra Energy Inc |
|
|
19,841 |
|
|
|
553 |
|
Delek US Holdings Inc |
|
|
2,494 |
|
|
|
77 |
|
Devon Energy Corp |
|
|
10,747 |
|
|
|
539 |
|
DHT Holdings Inc |
|
|
1,338 |
|
|
|
15 |
|
Diamondback Energy Inc |
|
|
663 |
|
|
|
131 |
|
Dorian LPG Ltd |
|
|
2,360 |
|
|
|
91 |
|
Dril-Quip Inc * |
|
|
1,072 |
|
|
|
24 |
|
DT Midstream Inc |
|
|
405 |
|
|
|
25 |
|
Encore Energy Corp * |
|
|
31,435 |
|
|
|
138 |
|
Energy Fuels Inc/Canada * |
|
|
11,707 |
|
|
|
74 |
|
EOG Resources Inc |
|
|
12,533 |
|
|
|
1,602 |
|
EQT Corp |
|
|
7,282 |
|
|
|
270 |
|
Equitrans Midstream Corp |
|
|
2,185 |
|
|
|
27 |
|
Expro Group Holdings NV * |
|
|
1,529 |
|
|
|
31 |
|
FLEX LNG Ltd |
|
|
2,301 |
|
|
|
59 |
|
Golar LNG Ltd |
|
|
3,888 |
|
|
|
94 |
|
Green Plains Inc * |
|
|
2,069 |
|
|
|
48 |
|
Halliburton Co |
|
|
2,905 |
|
|
|
115 |
|
Helix Energy Solutions Group Inc * |
|
|
10,917 |
|
|
|
118 |
|
Helmerich & Payne Inc |
|
|
4,134 |
|
|
|
174 |
|
Hess Corp |
|
|
6,554 |
|
|
|
1,000 |
|
HF Sinclair Corp |
|
|
1,944 |
|
|
|
117 |
|
International Seaways Inc |
|
|
329 |
|
|
|
18 |
|
Kinder Morgan Inc |
|
|
84,043 |
|
|
|
1,541 |
|
Kinetik Holdings Inc, Cl A |
|
|
2,668 |
|
|
|
106 |
|
Kosmos Energy Ltd * |
|
|
44,503 |
|
|
|
265 |
|
Magnolia Oil & Gas Corp, Cl A |
|
|
1,806 |
|
|
|
47 |
|
Marathon Oil Corp |
|
|
4,448 |
|
|
|
126 |
|
Murphy Oil Corp |
|
|
449 |
|
|
|
21 |
|
Nabors Industries Ltd * |
|
|
367 |
|
|
|
32 |
|
New Fortress Energy Inc, Cl A |
|
|
2,307 |
|
|
|
71 |
|
NextDecade Corp * |
|
|
10,122 |
|
|
|
58 |
|
Noble Corp PLC |
|
|
1,325 |
|
|
|
64 |
|
Nordic American Tankers Ltd |
|
|
3,610 |
|
|
|
14 |
|
NOV Inc |
|
|
482 |
|
|
|
9 |
|
Occidental Petroleum Corp |
|
|
1,754 |
|
|
|
114 |
|
ONEOK Inc |
|
|
10,887 |
|
|
|
873 |
|
Overseas Shipholding Group Inc, Cl A |
|
|
23,522 |
|
|
|
151 |
|
Ovintiv Inc |
|
|
2,011 |
|
|
|
104 |
|
Patterson-UTI Energy Inc |
|
|
4,952 |
|
|
|
59 |
|
PBF Energy Inc, Cl A |
|
|
316 |
|
|
|
18 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Peabody Energy Corp |
|
|
612 |
|
|
$ |
15 |
|
Pioneer Natural Resources Co |
|
|
5,512 |
|
|
|
1,447 |
|
Range Resources Corp |
|
|
2,839 |
|
|
|
98 |
|
RPC Inc |
|
|
1,226 |
|
|
|
10 |
|
Schlumberger NV |
|
|
35,254 |
|
|
|
1,932 |
|
Scorpio Tankers Inc |
|
|
270 |
|
|
|
19 |
|
SM Energy Co |
|
|
840 |
|
|
|
42 |
|
Southwestern Energy Co * |
|
|
14,284 |
|
|
|
108 |
|
Targa Resources Corp |
|
|
1,165 |
|
|
|
130 |
|
Teekay Corp * |
|
|
15,129 |
|
|
|
110 |
|
Teekay Tankers Ltd, Cl A |
|
|
1,755 |
|
|
|
103 |
|
Texas Pacific Land Corp |
|
|
945 |
|
|
|
547 |
|
Uranium Energy Corp * |
|
|
15,244 |
|
|
|
103 |
|
Valaris Ltd * |
|
|
739 |
|
|
|
56 |
|
Vitesse Energy Inc |
|
|
272 |
|
|
|
6 |
|
Weatherford International PLC * |
|
|
1,190 |
|
|
|
137 |
|
Williams Cos Inc/The |
|
|
46,253 |
|
|
|
1,802 |
|
World Kinect Corp |
|
|
4,395 |
|
|
|
116 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
21,004 |
|
Financials — 13.5% |
|
|
|
|
Affiliated Managers Group Inc |
|
|
910 |
|
|
|
152 |
|
Affirm Holdings Inc, Cl A * |
|
|
2,309 |
|
|
|
86 |
|
Aflac Inc |
|
|
4,907 |
|
|
|
421 |
|
AGNC Investment Corp ‡ |
|
|
2,838 |
|
|
|
28 |
|
Allstate Corp/The |
|
|
3,458 |
|
|
|
598 |
|
Ally Financial Inc |
|
|
1,575 |
|
|
|
64 |
|
Amalgamated Financial Corp |
|
|
2,110 |
|
|
|
51 |
|
American Express Co |
|
|
9,360 |
|
|
|
2,131 |
|
American Financial Group Inc/OH |
|
|
89 |
|
|
|
12 |
|
American International Group Inc |
|
|
1,586 |
|
|
|
124 |
|
Ameriprise Financial Inc |
|
|
1,250 |
|
|
|
548 |
|
AMERISAFE Inc |
|
|
743 |
|
|
|
37 |
|
Annaly Capital Management Inc ‡ |
|
|
655 |
|
|
|
13 |
|
Aon PLC, Cl A |
|
|
3,101 |
|
|
|
1,035 |
|
Apollo Commercial Real Estate Finance Inc ‡ |
|
|
2,686 |
|
|
|
30 |
|
Apollo Global Management Inc |
|
|
1,165 |
|
|
|
131 |
|
Arch Capital Group Ltd * |
|
|
1,254 |
|
|
|
116 |
|
Ares Management Corp, Cl A |
|
|
632 |
|
|
|
84 |
|
Arthur J Gallagher & Co |
|
|
416 |
|
|
|
104 |
|
Artisan Partners Asset Management Inc, Cl A |
|
|
1,589 |
|
|
|
73 |
|
Associated Banc-Corp |
|
|
4,274 |
|
|
|
92 |
|
Assurant Inc |
|
|
87 |
|
|
|
16 |
|
Assured Guaranty Ltd |
|
|
994 |
|
|
|
87 |
|
Atlantic Union Bankshares Corp |
|
|
1,302 |
|
|
|
46 |
|
Axis Capital Holdings Ltd |
|
|
825 |
|
|
|
54 |
|
Axos Financial Inc * |
|
|
310 |
|
|
|
17 |
|
Banc of California Inc |
|
|
843 |
|
|
|
13 |
|
Bank of America Corp |
|
|
58,903 |
|
|
|
2,234 |
|
Bank of Hawaii Corp |
|
|
1,051 |
|
|
|
66 |
|
Bank of Marin Bancorp |
|
|
1,079 |
|
|
|
18 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Bank of New York Mellon Corp/The |
|
|
12,656 |
|
|
$ |
729 |
|
Bank of NT Butterfield & Son Ltd/The |
|
|
1,324 |
|
|
|
42 |
|
Bank OZK |
|
|
366 |
|
|
|
17 |
|
BankUnited Inc |
|
|
346 |
|
|
|
10 |
|
Banner Corp |
|
|
851 |
|
|
|
41 |
|
Berkshire Hathaway Inc, Cl B * |
|
|
18,207 |
|
|
|
7,656 |
|
Berkshire Hills Bancorp Inc |
|
|
1,501 |
|
|
|
34 |
|
BlackRock Inc, Cl A |
|
|
1,878 |
|
|
|
1,566 |
|
Blackstone Inc |
|
|
6,935 |
|
|
|
911 |
|
Block Inc, Cl A * |
|
|
1,553 |
|
|
|
131 |
|
BOK Financial Corp |
|
|
568 |
|
|
|
52 |
|
Bread Financial Holdings Inc |
|
|
1,335 |
|
|
|
50 |
|
Brighthouse Financial Inc * |
|
|
268 |
|
|
|
14 |
|
Brown & Brown Inc |
|
|
290 |
|
|
|
25 |
|
Cadence Bank |
|
|
1,525 |
|
|
|
44 |
|
Capital One Financial Corp |
|
|
3,914 |
|
|
|
583 |
|
Capitol Federal Financial Inc |
|
|
3,529 |
|
|
|
21 |
|
Carlyle Group Inc/The |
|
|
923 |
|
|
|
43 |
|
Cass Information Systems Inc |
|
|
865 |
|
|
|
42 |
|
Cathay General Bancorp |
|
|
1,291 |
|
|
|
49 |
|
Cboe Global Markets Inc |
|
|
99 |
|
|
|
18 |
|
Central Pacific Financial Corp |
|
|
1,651 |
|
|
|
33 |
|
Charles Schwab Corp/The |
|
|
16,432 |
|
|
|
1,189 |
|
Chimera Investment Corp ‡ |
|
|
2,402 |
|
|
|
11 |
|
Chubb Ltd |
|
|
6,169 |
|
|
|
1,599 |
|
Cincinnati Financial Corp |
|
|
891 |
|
|
|
111 |
|
Citigroup Inc |
|
|
11,013 |
|
|
|
696 |
|
Citizens Financial Group Inc |
|
|
3,587 |
|
|
|
130 |
|
City Holding Co |
|
|
607 |
|
|
|
63 |
|
CME Group Inc, Cl A |
|
|
4,480 |
|
|
|
965 |
|
CNA Financial Corp |
|
|
253 |
|
|
|
11 |
|
Cohen & Steers Inc |
|
|
764 |
|
|
|
59 |
|
Columbia Banking System Inc |
|
|
1,640 |
|
|
|
32 |
|
Comerica Inc |
|
|
1,232 |
|
|
|
68 |
|
Commerce Bancshares Inc/MO |
|
|
1,808 |
|
|
|
96 |
|
Community Bank System Inc |
|
|
710 |
|
|
|
34 |
|
ConnectOne Bancorp Inc |
|
|
1,891 |
|
|
|
37 |
|
Corpay Inc * |
|
|
277 |
|
|
|
85 |
|
Credit Acceptance Corp * |
|
|
177 |
|
|
|
98 |
|
Cullen/Frost Bankers Inc |
|
|
121 |
|
|
|
14 |
|
Dime Community Bancshares Inc |
|
|
1,467 |
|
|
|
28 |
|
Discover Financial Services |
|
|
9,192 |
|
|
|
1,205 |
|
Eagle Bancorp Inc |
|
|
1,035 |
|
|
|
24 |
|
East West Bancorp Inc |
|
|
1,710 |
|
|
|
135 |
|
eHealth Inc * |
|
|
512 |
|
|
|
3 |
|
Ellington Financial Inc ‡ |
|
|
2,748 |
|
|
|
32 |
|
Enterprise Financial Services Corp |
|
|
1,063 |
|
|
|
43 |
|
Equitable Holdings Inc |
|
|
432 |
|
|
|
16 |
|
Essent Group Ltd |
|
|
970 |
|
|
|
58 |
|
Euronet Worldwide Inc * |
|
|
74 |
|
|
|
8 |
|
Evercore Inc, Cl A |
|
|
659 |
|
|
|
127 |
|
Everest Group Ltd |
|
|
179 |
|
|
|
71 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Eversource Energy |
|
|
10,983 |
|
|
$ |
656 |
|
EVERTEC Inc |
|
|
1,569 |
|
|
|
63 |
|
F&G Annuities & Life Inc |
|
|
2,571 |
|
|
|
104 |
|
FactSet Research Systems Inc |
|
|
306 |
|
|
|
139 |
|
FB Financial Corp |
|
|
1,250 |
|
|
|
47 |
|
Federal Agricultural Mortgage Corp, Cl C |
|
|
119 |
|
|
|
23 |
|
Fidelity National Financial Inc |
|
|
1,063 |
|
|
|
56 |
|
Fidelity National Information Services Inc |
|
|
7,874 |
|
|
|
584 |
|
Fifth Third Bancorp |
|
|
4,599 |
|
|
|
171 |
|
First American Financial Corp |
|
|
814 |
|
|
|
50 |
|
First BanCorp/Puerto Rico |
|
|
821 |
|
|
|
14 |
|
First Busey Corp |
|
|
1,790 |
|
|
|
43 |
|
First Citizens BancShares Inc/NC, Cl A |
|
|
75 |
|
|
|
123 |
|
First Commonwealth Financial Corp |
|
|
3,365 |
|
|
|
47 |
|
First Financial Bancorp |
|
|
1,921 |
|
|
|
43 |
|
First Financial Bankshares Inc |
|
|
1,378 |
|
|
|
45 |
|
First Hawaiian Inc |
|
|
3,126 |
|
|
|
69 |
|
First Horizon Corp |
|
|
22,027 |
|
|
|
339 |
|
First Interstate BancSystem Inc, Cl A |
|
|
1,171 |
|
|
|
32 |
|
First Merchants Corp |
|
|
1,182 |
|
|
|
41 |
|
FirstCash Holdings Inc |
|
|
612 |
|
|
|
78 |
|
Fiserv Inc * |
|
|
3,118 |
|
|
|
498 |
|
FNB Corp/PA |
|
|
3,907 |
|
|
|
55 |
|
Franklin Resources Inc |
|
|
6,856 |
|
|
|
193 |
|
Genworth Financial Inc, Cl A * |
|
|
10,439 |
|
|
|
67 |
|
German American Bancorp Inc |
|
|
1,414 |
|
|
|
49 |
|
Global Payments Inc |
|
|
842 |
|
|
|
113 |
|
Globe Life Inc |
|
|
108 |
|
|
|
13 |
|
Goldman Sachs Group Inc/The |
|
|
3,960 |
|
|
|
1,654 |
|
Goosehead Insurance Inc, Cl A * |
|
|
215 |
|
|
|
14 |
|
Hancock Whitney Corp |
|
|
1,142 |
|
|
|
53 |
|
Hannon Armstrong Sustainable Infrastructure Capital Inc |
|
|
7,020 |
|
|
|
199 |
|
Hanover Insurance Group Inc/The |
|
|
124 |
|
|
|
17 |
|
HarborOne Bancorp Inc |
|
|
861 |
|
|
|
9 |
|
Hartford Financial Services Group Inc/The |
|
|
1,006 |
|
|
|
104 |
|
Heartland Financial USA Inc |
|
|
1,003 |
|
|
|
35 |
|
Heritage Financial Corp/WA |
|
|
1,744 |
|
|
|
34 |
|
Home BancShares Inc/AR |
|
|
2,523 |
|
|
|
62 |
|
HomeStreet Inc |
|
|
309 |
|
|
|
5 |
|
Hope Bancorp Inc |
|
|
3,233 |
|
|
|
37 |
|
Horace Mann Educators Corp |
|
|
1,125 |
|
|
|
42 |
|
Houlihan Lokey Inc, Cl A |
|
|
192 |
|
|
|
25 |
|
Huntington Bancshares Inc/OH |
|
|
9,540 |
|
|
|
133 |
|
Independent Bank Corp |
|
|
580 |
|
|
|
30 |
|
Independent Bank Group Inc |
|
|
846 |
|
|
|
39 |
|
Intercontinental Exchange Inc |
|
|
2,399 |
|
|
|
330 |
|
Invesco Ltd |
|
|
18,276 |
|
|
|
303 |
|
Invesco Mortgage Capital Inc ‡ |
|
|
323 |
|
|
|
3 |
|
Jack Henry & Associates Inc |
|
|
636 |
|
|
|
111 |
|
Janus Henderson Group PLC |
|
|
1,207 |
|
|
|
40 |
|
Jefferies Financial Group Inc |
|
|
2,313 |
|
|
|
102 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
JPMorgan Chase & Co |
|
|
27,855 |
|
|
$ |
5,579 |
|
KeyCorp |
|
|
12,904 |
|
|
|
204 |
|
Kinsale Capital Group Inc |
|
|
73 |
|
|
|
38 |
|
KKR & Co Inc |
|
|
3,222 |
|
|
|
324 |
|
Lakeland Bancorp Inc |
|
|
2,890 |
|
|
|
35 |
|
Lazard Inc, Cl A |
|
|
2,316 |
|
|
|
97 |
|
Lemonade Inc * |
|
|
1,665 |
|
|
|
27 |
|
LendingTree Inc * |
|
|
175 |
|
|
|
7 |
|
Lincoln National Corp |
|
|
3,621 |
|
|
|
116 |
|
Loews Corp |
|
|
222 |
|
|
|
17 |
|
LPL Financial Holdings Inc |
|
|
1,036 |
|
|
|
274 |
|
M&T Bank Corp |
|
|
765 |
|
|
|
111 |
|
MarketAxess Holdings Inc |
|
|
144 |
|
|
|
32 |
|
Marsh & McLennan Cos Inc |
|
|
2,823 |
|
|
|
581 |
|
Mastercard Inc, Cl A |
|
|
9,928 |
|
|
|
4,781 |
|
Mercury General Corp |
|
|
233 |
|
|
|
12 |
|
MetLife Inc |
|
|
6,576 |
|
|
|
487 |
|
MFA Financial Inc ‡ |
|
|
1,584 |
|
|
|
18 |
|
MGIC Investment Corp |
|
|
3,455 |
|
|
|
77 |
|
Moelis & Co, Cl A |
|
|
461 |
|
|
|
26 |
|
Moody's Corp |
|
|
4,549 |
|
|
|
1,788 |
|
Morgan Stanley |
|
|
12,464 |
|
|
|
1,174 |
|
Morningstar Inc |
|
|
67 |
|
|
|
21 |
|
Mr Cooper Group Inc * |
|
|
335 |
|
|
|
26 |
|
MSCI Inc, Cl A |
|
|
635 |
|
|
|
356 |
|
Nasdaq Inc |
|
|
7,134 |
|
|
|
450 |
|
NBT Bancorp Inc |
|
|
1,213 |
|
|
|
45 |
|
NCR Atleos Corp * |
|
|
167 |
|
|
|
3 |
|
Nelnet Inc, Cl A |
|
|
145 |
|
|
|
14 |
|
New York Community Bancorp Inc |
|
|
951 |
|
|
|
3 |
|
New York Mortgage Trust Inc ‡ |
|
|
1,944 |
|
|
|
14 |
|
NMI Holdings Inc, Cl A * |
|
|
1,470 |
|
|
|
48 |
|
Northern Trust Corp |
|
|
7,549 |
|
|
|
671 |
|
Northfield Bancorp Inc |
|
|
2,868 |
|
|
|
28 |
|
OFG Bancorp |
|
|
2,119 |
|
|
|
78 |
|
Old National Bancorp/IN |
|
|
5,093 |
|
|
|
89 |
|
OneMain Holdings Inc, Cl A |
|
|
258 |
|
|
|
13 |
|
Orchid Island Capital Inc, Cl A ‡ |
|
|
3,472 |
|
|
|
31 |
|
Pacific Premier Bancorp Inc |
|
|
3,188 |
|
|
|
77 |
|
Palomar Holdings Inc, Cl A * |
|
|
145 |
|
|
|
12 |
|
Pathward Financial Inc |
|
|
266 |
|
|
|
13 |
|
PayPal Holdings Inc * |
|
|
16,718 |
|
|
|
1,120 |
|
PennyMac Mortgage Investment Trust ‡ |
|
|
24,099 |
|
|
|
354 |
|
Pinnacle Financial Partners Inc |
|
|
1,489 |
|
|
|
128 |
|
PNC Financial Services Group Inc/The |
|
|
3,448 |
|
|
|
557 |
|
Popular Inc |
|
|
1,507 |
|
|
|
133 |
|
PRA Group Inc * |
|
|
1,320 |
|
|
|
34 |
|
Primerica Inc |
|
|
323 |
|
|
|
82 |
|
Principal Financial Group Inc |
|
|
662 |
|
|
|
57 |
|
ProAssurance Corp |
|
|
1,351 |
|
|
|
17 |
|
PROG Holdings Inc |
|
|
832 |
|
|
|
29 |
|
Progressive Corp/The |
|
|
7,459 |
|
|
|
1,543 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Prosperity Bancshares Inc |
|
|
1,192 |
|
|
$ |
78 |
|
Provident Financial Services Inc |
|
|
1,988 |
|
|
|
29 |
|
Prudential Financial Inc |
|
|
974 |
|
|
|
114 |
|
Radian Group Inc |
|
|
1,924 |
|
|
|
64 |
|
Raymond James Financial Inc |
|
|
1,949 |
|
|
|
250 |
|
Redwood Trust Inc ‡ |
|
|
2,992 |
|
|
|
19 |
|
Regions Financial Corp |
|
|
62,324 |
|
|
|
1,311 |
|
Reinsurance Group of America Inc, Cl A |
|
|
578 |
|
|
|
111 |
|
RenaissanceRe Holdings Ltd |
|
|
69 |
|
|
|
16 |
|
Renasant Corp |
|
|
1,366 |
|
|
|
43 |
|
Rithm Capital Corp ‡ |
|
|
1,403 |
|
|
|
16 |
|
RLI Corp |
|
|
545 |
|
|
|
81 |
|
S&P Global Inc |
|
|
5,805 |
|
|
|
2,470 |
|
Sandy Spring Bancorp Inc |
|
|
1,350 |
|
|
|
31 |
|
Seacoast Banking Corp of Florida |
|
|
1,616 |
|
|
|
41 |
|
ServisFirst Bancshares Inc |
|
|
187 |
|
|
|
12 |
|
SLM Corp |
|
|
8,316 |
|
|
|
181 |
|
SouthState Corp |
|
|
216 |
|
|
|
18 |
|
Starwood Property Trust Inc ‡ |
|
|
2,000 |
|
|
|
41 |
|
State Street Corp |
|
|
9,970 |
|
|
|
771 |
|
Stifel Financial Corp |
|
|
245 |
|
|
|
19 |
|
Synchrony Financial |
|
|
4,720 |
|
|
|
204 |
|
Synovus Financial Corp |
|
|
1,267 |
|
|
|
51 |
|
T Rowe Price Group Inc |
|
|
2,711 |
|
|
|
331 |
|
Texas Capital Bancshares Inc * |
|
|
822 |
|
|
|
51 |
|
TFS Financial Corp |
|
|
573 |
|
|
|
7 |
|
TPG RE Finance Trust Inc ‡ |
|
|
2,439 |
|
|
|
19 |
|
Travelers Cos Inc/The |
|
|
4,033 |
|
|
|
928 |
|
TriCo Bancshares |
|
|
1,219 |
|
|
|
45 |
|
Triumph Financial Inc * |
|
|
822 |
|
|
|
65 |
|
Truist Financial Corp |
|
|
14,236 |
|
|
|
555 |
|
Trustmark Corp |
|
|
1,410 |
|
|
|
40 |
|
Two Harbors Investment Corp ‡ |
|
|
1,597 |
|
|
|
21 |
|
UMB Financial Corp |
|
|
715 |
|
|
|
62 |
|
Univest Financial Corp |
|
|
1,820 |
|
|
|
38 |
|
Unum Group |
|
|
1,638 |
|
|
|
88 |
|
Upstart Holdings Inc * |
|
|
1,290 |
|
|
|
35 |
|
US Bancorp |
|
|
4,637 |
|
|
|
207 |
|
Valley National Bancorp |
|
|
4,269 |
|
|
|
34 |
|
Veritex Holdings Inc |
|
|
348 |
|
|
|
7 |
|
Virtu Financial Inc, Cl A |
|
|
3,026 |
|
|
|
62 |
|
Visa Inc, Cl A |
|
|
21,036 |
|
|
|
5,871 |
|
W R Berkley Corp |
|
|
247 |
|
|
|
22 |
|
Walker & Dunlop Inc |
|
|
749 |
|
|
|
76 |
|
Washington Trust Bancorp Inc |
|
|
924 |
|
|
|
25 |
|
Webster Financial Corp |
|
|
2,008 |
|
|
|
102 |
|
Wells Fargo & Co |
|
|
29,959 |
|
|
|
1,736 |
|
Westamerica BanCorp |
|
|
731 |
|
|
|
36 |
|
Western Alliance Bancorp |
|
|
1,801 |
|
|
|
116 |
|
Western Union Co/The |
|
|
425 |
|
|
|
6 |
|
WEX Inc * |
|
|
55 |
|
|
|
13 |
|
Willis Towers Watson PLC |
|
|
907 |
|
|
|
249 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Wintrust Financial Corp |
|
|
708 |
|
|
$ |
74 |
|
XP Inc, Cl A |
|
|
3,989 |
|
|
|
102 |
|
Zions Bancorp NA |
|
|
1,771 |
|
|
|
77 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
73,698 |
|
Health Care — 12.3% |
|
|
|
|
Abbott Laboratories |
|
|
25,893 |
|
|
|
2,943 |
|
AbbVie Inc |
|
|
21,793 |
|
|
|
3,969 |
|
Acadia Healthcare Co Inc * |
|
|
220 |
|
|
|
17 |
|
Accolade Inc * |
|
|
956 |
|
|
|
10 |
|
AdaptHealth Corp, Cl A * |
|
|
2,632 |
|
|
|
30 |
|
Adaptive Biotechnologies Corp * |
|
|
1,704 |
|
|
|
5 |
|
Addus HomeCare Corp * |
|
|
495 |
|
|
|
51 |
|
Agilent Technologies Inc |
|
|
765 |
|
|
|
111 |
|
Agiliti Inc * |
|
|
16,779 |
|
|
|
170 |
|
Agios Pharmaceuticals Inc * |
|
|
1,062 |
|
|
|
31 |
|
Akero Therapeutics Inc * |
|
|
913 |
|
|
|
23 |
|
Alector Inc * |
|
|
2,628 |
|
|
|
16 |
|
Align Technology Inc * |
|
|
311 |
|
|
|
102 |
|
Allogene Therapeutics Inc * |
|
|
1,838 |
|
|
|
8 |
|
Alnylam Pharmaceuticals Inc * |
|
|
562 |
|
|
|
84 |
|
Amedisys Inc * |
|
|
56 |
|
|
|
5 |
|
Amgen Inc |
|
|
7,026 |
|
|
|
1,998 |
|
Amicus Therapeutics Inc * |
|
|
5,193 |
|
|
|
61 |
|
AMN Healthcare Services Inc * |
|
|
832 |
|
|
|
52 |
|
AnaptysBio Inc * |
|
|
1,908 |
|
|
|
43 |
|
Anika Therapeutics Inc * |
|
|
920 |
|
|
|
23 |
|
Arcturus Therapeutics Holdings Inc * |
|
|
483 |
|
|
|
16 |
|
Arrowhead Pharmaceuticals Inc * |
|
|
251 |
|
|
|
7 |
|
Arvinas Inc * |
|
|
1,298 |
|
|
|
54 |
|
Astrana Health Inc * |
|
|
344 |
|
|
|
14 |
|
AtriCure Inc * |
|
|
1,029 |
|
|
|
31 |
|
Atrion Corp |
|
|
71 |
|
|
|
33 |
|
Avanos Medical Inc * |
|
|
301 |
|
|
|
6 |
|
Avantor Inc * |
|
|
1,656 |
|
|
|
42 |
|
Avidity Biosciences Inc * |
|
|
2,388 |
|
|
|
61 |
|
Avista Public Acquisition Corp II, Cl W * |
|
|
2,263 |
|
|
|
12 |
|
Axonics Inc * |
|
|
351 |
|
|
|
24 |
|
Azenta Inc * |
|
|
207 |
|
|
|
12 |
|
Baxter International Inc |
|
|
12,373 |
|
|
|
529 |
|
Becton Dickinson & Co |
|
|
1,013 |
|
|
|
251 |
|
BioCryst Pharmaceuticals Inc * |
|
|
1,030 |
|
|
|
5 |
|
Biogen Inc * |
|
|
2,874 |
|
|
|
620 |
|
Biohaven Ltd * |
|
|
45 |
|
|
|
2 |
|
BioLife Solutions Inc * |
|
|
2,163 |
|
|
|
40 |
|
BioMarin Pharmaceutical Inc * |
|
|
1,042 |
|
|
|
91 |
|
Bio-Rad Laboratories Inc, Cl A * |
|
|
32 |
|
|
|
11 |
|
Bio-Techne Corp |
|
|
212 |
|
|
|
15 |
|
Boston Scientific Corp * |
|
|
16,399 |
|
|
|
1,123 |
|
Bridgebio Pharma Inc * |
|
|
241 |
|
|
|
7 |
|
Bristol-Myers Squibb Co |
|
|
16,218 |
|
|
|
880 |
|
Brookdale Senior Living Inc * |
|
|
7,397 |
|
|
|
49 |
|
Cardinal Health Inc |
|
|
1,413 |
|
|
|
158 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
CareDx Inc * |
|
|
6,310 |
|
|
$ |
67 |
|
Cassava Sciences Inc * |
|
|
614 |
|
|
|
12 |
|
Castle Biosciences Inc * |
|
|
730 |
|
|
|
16 |
|
Catalent Inc * |
|
|
949 |
|
|
|
54 |
|
Catalyst Pharmaceuticals Inc * |
|
|
6,810 |
|
|
|
109 |
|
Cencora Inc, Cl A |
|
|
589 |
|
|
|
143 |
|
Centene Corp * |
|
|
4,805 |
|
|
|
377 |
|
Charles River Laboratories International Inc * |
|
|
77 |
|
|
|
21 |
|
Cigna Group/The |
|
|
6,030 |
|
|
|
2,190 |
|
Collegium Pharmaceutical Inc * |
|
|
2,915 |
|
|
|
113 |
|
Cooper Cos Inc/The |
|
|
944 |
|
|
|
96 |
|
Corcept Therapeutics Inc * |
|
|
3,878 |
|
|
|
98 |
|
CorVel Corp * |
|
|
125 |
|
|
|
33 |
|
Crinetics Pharmaceuticals Inc * |
|
|
2,310 |
|
|
|
108 |
|
CryoPort Inc * |
|
|
871 |
|
|
|
15 |
|
CVS Health Corp |
|
|
7,398 |
|
|
|
590 |
|
Cytokinetics Inc * |
|
|
1,159 |
|
|
|
81 |
|
Danaher Corp |
|
|
7,586 |
|
|
|
1,894 |
|
DaVita Inc * |
|
|
160 |
|
|
|
22 |
|
Deciphera Pharmaceuticals Inc * |
|
|
716 |
|
|
|
11 |
|
Denali Therapeutics Inc * |
|
|
2,631 |
|
|
|
54 |
|
DENTSPLY SIRONA Inc |
|
|
3,113 |
|
|
|
103 |
|
Dexcom Inc * |
|
|
3,388 |
|
|
|
470 |
|
Eagle Pharmaceuticals Inc/DE * |
|
|
1,045 |
|
|
|
5 |
|
Editas Medicine Inc, Cl A * |
|
|
1,596 |
|
|
|
12 |
|
Edwards Lifesciences Corp * |
|
|
8,484 |
|
|
|
811 |
|
Elanco Animal Health Inc * |
|
|
398 |
|
|
|
6 |
|
Elevance Health Inc |
|
|
4,863 |
|
|
|
2,522 |
|
Eli Lilly & Co |
|
|
10,468 |
|
|
|
8,144 |
|
Embecta Corp |
|
|
887 |
|
|
|
12 |
|
Emergent BioSolutions Inc * |
|
|
950 |
|
|
|
2 |
|
Enanta Pharmaceuticals Inc * |
|
|
785 |
|
|
|
14 |
|
Encompass Health Corp |
|
|
164 |
|
|
|
14 |
|
Enhabit Inc * |
|
|
82 |
|
|
|
1 |
|
Enovis Corp * |
|
|
485 |
|
|
|
30 |
|
Envista Holdings Corp * |
|
|
317 |
|
|
|
7 |
|
Exact Sciences Corp * |
|
|
930 |
|
|
|
64 |
|
Exelixis Inc * |
|
|
4,344 |
|
|
|
103 |
|
Fate Therapeutics Inc * |
|
|
3,277 |
|
|
|
24 |
|
Fortrea Holdings Inc * |
|
|
515 |
|
|
|
21 |
|
Fulgent Genetics Inc * |
|
|
853 |
|
|
|
19 |
|
GE HealthCare Technologies Inc |
|
|
153 |
|
|
|
14 |
|
Gilead Sciences Inc |
|
|
14,228 |
|
|
|
1,042 |
|
Glaukos Corp * |
|
|
167 |
|
|
|
16 |
|
Globus Medical Inc, Cl A * |
|
|
179 |
|
|
|
10 |
|
Haemonetics Corp * |
|
|
195 |
|
|
|
17 |
|
Halozyme Therapeutics Inc * |
|
|
2,641 |
|
|
|
107 |
|
HCA Healthcare Inc |
|
|
2,314 |
|
|
|
772 |
|
Health Catalyst Inc * |
|
|
1,594 |
|
|
|
12 |
|
HealthEquity Inc * |
|
|
673 |
|
|
|
55 |
|
Henry Schein Inc * |
|
|
2,612 |
|
|
|
197 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Hologic Inc * |
|
|
927 |
|
|
$ |
72 |
|
Humana Inc |
|
|
242 |
|
|
|
84 |
|
Ideaya Biosciences Inc * |
|
|
4,068 |
|
|
|
179 |
|
IDEXX Laboratories Inc * |
|
|
707 |
|
|
|
382 |
|
IGM Biosciences Inc * |
|
|
1,084 |
|
|
|
10 |
|
Illumina Inc * |
|
|
3,200 |
|
|
|
439 |
|
Inari Medical Inc * |
|
|
419 |
|
|
|
20 |
|
Incyte Corp * |
|
|
1,063 |
|
|
|
61 |
|
Innoviva Inc * |
|
|
3,557 |
|
|
|
54 |
|
Inogen Inc * |
|
|
706 |
|
|
|
6 |
|
Insmed Inc * |
|
|
2,129 |
|
|
|
58 |
|
Insulet Corp * |
|
|
65 |
|
|
|
11 |
|
Integer Holdings Corp * |
|
|
625 |
|
|
|
73 |
|
Integra LifeSciences Holdings Corp * |
|
|
188 |
|
|
|
7 |
|
Intellia Therapeutics Inc * |
|
|
1,231 |
|
|
|
34 |
|
Intuitive Surgical Inc * |
|
|
4,209 |
|
|
|
1,680 |
|
Ionis Pharmaceuticals Inc * |
|
|
782 |
|
|
|
34 |
|
Iovance Biotherapeutics Inc * |
|
|
1,433 |
|
|
|
21 |
|
IQVIA Holdings Inc * |
|
|
491 |
|
|
|
124 |
|
iRhythm Technologies Inc * |
|
|
210 |
|
|
|
24 |
|
Ironwood Pharmaceuticals Inc, Cl A * |
|
|
3,844 |
|
|
|
33 |
|
Johnson & Johnson |
|
|
32,711 |
|
|
|
5,175 |
|
Kiniksa Pharmaceuticals Ltd, Cl A * |
|
|
801 |
|
|
|
16 |
|
Kodiak Sciences Inc * |
|
|
1,218 |
|
|
|
6 |
|
Krystal Biotech Inc * |
|
|
823 |
|
|
|
146 |
|
Kura Oncology Inc * |
|
|
3,438 |
|
|
|
73 |
|
Laboratory Corp of America Holdings |
|
|
515 |
|
|
|
113 |
|
Lantheus Holdings Inc * |
|
|
2,408 |
|
|
|
150 |
|
Ligand Pharmaceuticals Inc * |
|
|
462 |
|
|
|
34 |
|
LivaNova PLC * |
|
|
657 |
|
|
|
37 |
|
MacroGenics Inc * |
|
|
1,782 |
|
|
|
26 |
|
Madrigal Pharmaceuticals Inc * |
|
|
531 |
|
|
|
142 |
|
McKesson Corp |
|
|
443 |
|
|
|
238 |
|
MeiraGTx Holdings plc * |
|
|
4,240 |
|
|
|
26 |
|
Merck & Co Inc |
|
|
36,210 |
|
|
|
4,778 |
|
Mettler-Toledo International Inc * |
|
|
404 |
|
|
|
538 |
|
Moderna Inc * |
|
|
4,368 |
|
|
|
465 |
|
Mural Oncology PLC * |
|
|
243 |
|
|
|
1 |
|
Myriad Genetics Inc * |
|
|
1,860 |
|
|
|
40 |
|
National Research Corp |
|
|
779 |
|
|
|
31 |
|
Neogen Corp * |
|
|
300 |
|
|
|
5 |
|
Neurocrine Biosciences Inc * |
|
|
717 |
|
|
|
99 |
|
Nevro Corp * |
|
|
83 |
|
|
|
1 |
|
Novavax Inc * |
|
|
816 |
|
|
|
4 |
|
Novocure Ltd * |
|
|
905 |
|
|
|
14 |
|
Omnicell Inc * |
|
|
466 |
|
|
|
14 |
|
Option Care Health Inc * |
|
|
648 |
|
|
|
22 |
|
OraSure Technologies Inc * |
|
|
6,042 |
|
|
|
37 |
|
Organon & Co |
|
|
649 |
|
|
|
12 |
|
Pediatrix Medical Group Inc * |
|
|
417 |
|
|
|
4 |
|
Pennant Group Inc/The * |
|
|
1,609 |
|
|
|
32 |
|
Penumbra Inc * |
|
|
72 |
|
|
|
16 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Pfizer Inc |
|
|
71,397 |
|
|
$ |
1,981 |
|
Phreesia Inc * |
|
|
361 |
|
|
|
9 |
|
PMV Pharmaceuticals Inc * |
|
|
12,323 |
|
|
|
21 |
|
Premier Inc, Cl A |
|
|
2,266 |
|
|
|
50 |
|
Protagonist Therapeutics Inc * |
|
|
1,083 |
|
|
|
31 |
|
PTC Therapeutics Inc * |
|
|
1,021 |
|
|
|
30 |
|
QIAGEN NV |
|
|
2,267 |
|
|
|
97 |
|
Quest Diagnostics Inc |
|
|
865 |
|
|
|
115 |
|
Recursion Pharmaceuticals Inc, Cl A * |
|
|
11,559 |
|
|
|
115 |
|
Regeneron Pharmaceuticals Inc * |
|
|
1,105 |
|
|
|
1,064 |
|
REGENXBIO Inc * |
|
|
456 |
|
|
|
10 |
|
Relay Therapeutics Inc * |
|
|
11,508 |
|
|
|
96 |
|
Repay Holdings Corp, Cl A * |
|
|
7,436 |
|
|
|
82 |
|
Repligen Corp * |
|
|
553 |
|
|
|
102 |
|
ResMed Inc |
|
|
1,284 |
|
|
|
254 |
|
Revance Therapeutics Inc * |
|
|
3,056 |
|
|
|
15 |
|
Revvity Inc |
|
|
120 |
|
|
|
13 |
|
Rocket Pharmaceuticals Inc * |
|
|
932 |
|
|
|
25 |
|
Sage Therapeutics Inc * |
|
|
516 |
|
|
|
10 |
|
Sarepta Therapeutics Inc * |
|
|
87 |
|
|
|
11 |
|
Shockwave Medical Inc * |
|
|
49 |
|
|
|
16 |
|
Simulations Plus Inc |
|
|
1,477 |
|
|
|
61 |
|
STAAR Surgical Co * |
|
|
2,233 |
|
|
|
85 |
|
Stryker Corp |
|
|
2,409 |
|
|
|
862 |
|
Supernus Pharmaceuticals Inc * |
|
|
2,174 |
|
|
|
74 |
|
Surmodics Inc * |
|
|
1,169 |
|
|
|
34 |
|
Tactile Systems Technology Inc * |
|
|
728 |
|
|
|
12 |
|
Tandem Diabetes Care Inc * |
|
|
144 |
|
|
|
5 |
|
Teleflex Inc |
|
|
486 |
|
|
|
110 |
|
Theravance Biopharma Inc * |
|
|
2,200 |
|
|
|
20 |
|
Thermo Fisher Scientific Inc |
|
|
4,827 |
|
|
|
2,806 |
|
Travere Therapeutics Inc * |
|
|
3,434 |
|
|
|
26 |
|
Twist Bioscience Corp * |
|
|
606 |
|
|
|
21 |
|
Ultragenyx Pharmaceutical Inc * |
|
|
1,143 |
|
|
|
53 |
|
United Therapeutics Corp * |
|
|
559 |
|
|
|
128 |
|
UnitedHealth Group Inc |
|
|
9,687 |
|
|
|
4,792 |
|
Universal Health Services Inc, Cl B |
|
|
80 |
|
|
|
15 |
|
US Physical Therapy Inc |
|
|
428 |
|
|
|
48 |
|
Utah Medical Products Inc |
|
|
515 |
|
|
|
37 |
|
Varex Imaging Corp * |
|
|
1,631 |
|
|
|
30 |
|
Vaxcyte Inc * |
|
|
1,042 |
|
|
|
71 |
|
Veeva Systems Inc, Cl A * |
|
|
1,157 |
|
|
|
268 |
|
Vericel Corp * |
|
|
1,218 |
|
|
|
63 |
|
Vertex Pharmaceuticals Inc * |
|
|
3,305 |
|
|
|
1,382 |
|
Viatris Inc, Cl W |
|
|
1,277 |
|
|
|
15 |
|
Waters Corp * |
|
|
395 |
|
|
|
136 |
|
West Pharmaceutical Services Inc |
|
|
250 |
|
|
|
99 |
|
Xencor Inc * |
|
|
1,686 |
|
|
|
37 |
|
Y-mAbs Therapeutics Inc * |
|
|
3,117 |
|
|
|
51 |
|
Zentalis Pharmaceuticals Inc * |
|
|
497 |
|
|
|
8 |
|
Zimmer Biomet Holdings Inc |
|
|
3,501 |
|
|
|
462 |
|
Zimvie Inc * |
|
|
350 |
|
|
|
6 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Zoetis Inc, Cl A |
|
|
6,022 |
|
|
$ |
1,019 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
67,259 |
|
Industrials — 9.3% |
|
|
|
|
3M Co |
|
|
10,841 |
|
|
|
1,150 |
|
A O Smith Corp |
|
|
1,708 |
|
|
|
153 |
|
AAON Inc |
|
|
288 |
|
|
|
25 |
|
ABM Industries Inc |
|
|
3,427 |
|
|
|
153 |
|
ACCO Brands Corp |
|
|
5,214 |
|
|
|
29 |
|
Acuity Brands Inc |
|
|
84 |
|
|
|
23 |
|
AerSale Corp * |
|
|
29,478 |
|
|
|
212 |
|
AGCO Corp |
|
|
149 |
|
|
|
18 |
|
Air Lease Corp, Cl A |
|
|
1,053 |
|
|
|
54 |
|
Alamo Group Inc |
|
|
86 |
|
|
|
20 |
|
Alaska Air Group Inc * |
|
|
4,763 |
|
|
|
205 |
|
Albany International Corp, Cl A |
|
|
8,103 |
|
|
|
758 |
|
Allegion PLC |
|
|
855 |
|
|
|
115 |
|
Allison Transmission Holdings Inc |
|
|
1,870 |
|
|
|
152 |
|
American Airlines Group Inc * |
|
|
405 |
|
|
|
6 |
|
American Woodmark Corp * |
|
|
461 |
|
|
|
47 |
|
AMETEK Inc |
|
|
794 |
|
|
|
145 |
|
Amprius Technologies Inc * |
|
|
12,555 |
|
|
|
33 |
|
Apogee Enterprises Inc |
|
|
1,229 |
|
|
|
73 |
|
Applied Industrial Technologies Inc |
|
|
745 |
|
|
|
147 |
|
ArcBest Corp |
|
|
336 |
|
|
|
48 |
|
Archer Aviation Inc, Cl A * |
|
|
100,684 |
|
|
|
465 |
|
Arcosa Inc |
|
|
1,128 |
|
|
|
97 |
|
Argan Inc |
|
|
1,315 |
|
|
|
66 |
|
Armstrong World Industries Inc |
|
|
161 |
|
|
|
20 |
|
Array Technologies Inc * |
|
|
7,510 |
|
|
|
112 |
|
ASGN Inc * |
|
|
146 |
|
|
|
15 |
|
Astec Industries Inc |
|
|
204 |
|
|
|
9 |
|
Astronics Corp * |
|
|
3,653 |
|
|
|
70 |
|
Atkore Inc |
|
|
453 |
|
|
|
86 |
|
Automatic Data Processing Inc |
|
|
8,872 |
|
|
|
2,216 |
|
Avis Budget Group Inc |
|
|
445 |
|
|
|
55 |
|
Axon Enterprise Inc * |
|
|
790 |
|
|
|
247 |
|
AZZ Inc |
|
|
1,071 |
|
|
|
83 |
|
Barnes Group Inc |
|
|
807 |
|
|
|
30 |
|
Blink Charging Co * |
|
|
1,491 |
|
|
|
5 |
|
Bloom Energy Corp, Cl A * |
|
|
4,597 |
|
|
|
52 |
|
Brink's Co/The |
|
|
540 |
|
|
|
50 |
|
Broadridge Financial Solutions Inc |
|
|
720 |
|
|
|
148 |
|
Cadre Holdings Inc |
|
|
1,351 |
|
|
|
49 |
|
Carlisle Cos Inc |
|
|
311 |
|
|
|
122 |
|
Carrier Global Corp |
|
|
6,184 |
|
|
|
359 |
|
CBIZ Inc * |
|
|
1,805 |
|
|
|
142 |
|
CH Robinson Worldwide Inc |
|
|
148 |
|
|
|
11 |
|
Chart Industries Inc * |
|
|
576 |
|
|
|
95 |
|
Cintas Corp |
|
|
1,907 |
|
|
|
1,310 |
|
Clarivate PLC * |
|
|
11,944 |
|
|
|
89 |
|
Clean Harbors Inc * |
|
|
137 |
|
|
|
28 |
|
CNH Industrial NV |
|
|
7,547 |
|
|
|
98 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Comfort Systems USA Inc |
|
|
988 |
|
|
$ |
314 |
|
Concentrix Corp |
|
|
387 |
|
|
|
26 |
|
Construction Partners Inc, Cl A * |
|
|
391 |
|
|
|
22 |
|
Copart Inc * |
|
|
5,136 |
|
|
|
297 |
|
Crane Co |
|
|
135 |
|
|
|
18 |
|
CSG Systems International Inc |
|
|
965 |
|
|
|
50 |
|
CSW Industrials Inc |
|
|
116 |
|
|
|
27 |
|
CSX Corp |
|
|
29,082 |
|
|
|
1,078 |
|
Cummins Inc |
|
|
3,179 |
|
|
|
937 |
|
Custom Truck One Source Inc * |
|
|
15,463 |
|
|
|
90 |
|
Dayforce Inc * |
|
|
792 |
|
|
|
52 |
|
Deere & Co |
|
|
4,735 |
|
|
|
1,945 |
|
Delta Air Lines Inc |
|
|
23,599 |
|
|
|
1,130 |
|
Deluxe Corp |
|
|
981 |
|
|
|
20 |
|
Distribution Solutions Group Inc * |
|
|
3,044 |
|
|
|
108 |
|
DNOW Inc * |
|
|
4,359 |
|
|
|
66 |
|
Donaldson Co Inc |
|
|
202 |
|
|
|
15 |
|
Dover Corp |
|
|
383 |
|
|
|
68 |
|
Dycom Industries Inc * |
|
|
1,064 |
|
|
|
153 |
|
Eaton Corp PLC |
|
|
8,436 |
|
|
|
2,638 |
|
EMCOR Group Inc |
|
|
565 |
|
|
|
198 |
|
Emerson Electric Co |
|
|
1,464 |
|
|
|
166 |
|
Enerpac Tool Group Corp, Cl A |
|
|
2,369 |
|
|
|
84 |
|
EnerSys |
|
|
664 |
|
|
|
63 |
|
Enovix Corp * |
|
|
4,020 |
|
|
|
32 |
|
Enpro Inc |
|
|
738 |
|
|
|
125 |
|
Enviri Corp * |
|
|
7,225 |
|
|
|
66 |
|
Equifax Inc |
|
|
64 |
|
|
|
17 |
|
Esab Corp |
|
|
485 |
|
|
|
54 |
|
ESCO Technologies Inc |
|
|
568 |
|
|
|
61 |
|
Eve Holding Inc * |
|
|
59,391 |
|
|
|
321 |
|
ExlService Holdings Inc * |
|
|
680 |
|
|
|
22 |
|
Expeditors International of Washington Inc |
|
|
1,163 |
|
|
|
141 |
|
Exponent Inc |
|
|
135 |
|
|
|
11 |
|
Fastenal Co |
|
|
242 |
|
|
|
19 |
|
Federal Signal Corp |
|
|
1,560 |
|
|
|
132 |
|
FedEx Corp |
|
|
603 |
|
|
|
175 |
|
Ferguson PLC |
|
|
582 |
|
|
|
127 |
|
Flowserve Corp |
|
|
239 |
|
|
|
11 |
|
Forrester Research Inc * |
|
|
1,169 |
|
|
|
25 |
|
Fortune Brands Innovations Inc |
|
|
174 |
|
|
|
15 |
|
Forward Air Corp |
|
|
144 |
|
|
|
4 |
|
Franklin Electric Co Inc |
|
|
180 |
|
|
|
19 |
|
FTI Consulting Inc * |
|
|
443 |
|
|
|
93 |
|
Generac Holdings Inc * |
|
|
203 |
|
|
|
26 |
|
General Electric Co |
|
|
8,110 |
|
|
|
1,424 |
|
Genpact Ltd |
|
|
5,562 |
|
|
|
183 |
|
Gibraltar Industries Inc * |
|
|
164 |
|
|
|
13 |
|
Graco Inc |
|
|
223 |
|
|
|
21 |
|
Granite Construction Inc |
|
|
1,780 |
|
|
|
102 |
|
Great Lakes Dredge & Dock Corp * |
|
|
4,289 |
|
|
|
38 |
|
Greenbrier Cos Inc/The |
|
|
1,583 |
|
|
|
82 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
GXO Logistics Inc * |
|
|
1,041 |
|
|
$ |
56 |
|
Healthcare Services Group Inc * |
|
|
422 |
|
|
|
5 |
|
Helios Technologies Inc |
|
|
1,091 |
|
|
|
49 |
|
Herc Holdings Inc |
|
|
1,012 |
|
|
|
170 |
|
Hexcel Corp |
|
|
15,837 |
|
|
|
1,154 |
|
Hillenbrand Inc |
|
|
300 |
|
|
|
15 |
|
HireRight Holdings Corp * |
|
|
4,409 |
|
|
|
63 |
|
HNI Corp |
|
|
1,910 |
|
|
|
86 |
|
Howmet Aerospace Inc |
|
|
8,758 |
|
|
|
599 |
|
Hubbell Inc, Cl B |
|
|
78 |
|
|
|
32 |
|
ICF International Inc |
|
|
545 |
|
|
|
82 |
|
IDEX Corp |
|
|
68 |
|
|
|
17 |
|
Illinois Tool Works Inc |
|
|
7,609 |
|
|
|
2,042 |
|
Ingersoll Rand Inc |
|
|
2,900 |
|
|
|
275 |
|
Insperity Inc |
|
|
592 |
|
|
|
65 |
|
Interface Inc, Cl A |
|
|
18,735 |
|
|
|
315 |
|
ITT Inc |
|
|
918 |
|
|
|
125 |
|
JB Hunt Transport Services Inc |
|
|
437 |
|
|
|
87 |
|
JetBlue Airways Corp * |
|
|
837 |
|
|
|
6 |
|
Joby Aviation Inc * |
|
|
15,834 |
|
|
|
85 |
|
John Bean Technologies Corp |
|
|
439 |
|
|
|
46 |
|
Kadant Inc |
|
|
65 |
|
|
|
21 |
|
Kelly Services Inc, Cl A |
|
|
2,214 |
|
|
|
55 |
|
Kennametal Inc |
|
|
1,343 |
|
|
|
34 |
|
Kforce Inc |
|
|
444 |
|
|
|
31 |
|
Kirby Corp * |
|
|
1,032 |
|
|
|
98 |
|
Knight-Swift Transportation Holdings Inc, Cl A |
|
|
1,357 |
|
|
|
75 |
|
Korn Ferry |
|
|
1,193 |
|
|
|
78 |
|
Landstar System Inc |
|
|
83 |
|
|
|
16 |
|
LanzaTech Global Inc * |
|
|
30,948 |
|
|
|
96 |
|
Lennox International Inc |
|
|
44 |
|
|
|
22 |
|
Lincoln Electric Holdings Inc |
|
|
1,027 |
|
|
|
262 |
|
Lindsay Corp |
|
|
91 |
|
|
|
11 |
|
Liquidity Services Inc * |
|
|
2,249 |
|
|
|
42 |
|
Luxfer Holdings PLC |
|
|
3,194 |
|
|
|
33 |
|
Lyft Inc, Cl A * |
|
|
7,511 |
|
|
|
145 |
|
ManpowerGroup Inc |
|
|
3,586 |
|
|
|
278 |
|
Marten Transport Ltd |
|
|
592 |
|
|
|
11 |
|
Masco Corp |
|
|
245 |
|
|
|
19 |
|
Masterbrand Inc * |
|
|
174 |
|
|
|
3 |
|
Matson Inc |
|
|
1,273 |
|
|
|
143 |
|
Maximus Inc |
|
|
682 |
|
|
|
57 |
|
McGrath RentCorp |
|
|
666 |
|
|
|
82 |
|
MDU Resources Group Inc |
|
|
386 |
|
|
|
10 |
|
Middleby Corp/The * |
|
|
103 |
|
|
|
17 |
|
MillerKnoll Inc |
|
|
2,900 |
|
|
|
72 |
|
MRC Global Inc * |
|
|
3,597 |
|
|
|
45 |
|
MSC Industrial Direct Co Inc, Cl A |
|
|
1,115 |
|
|
|
108 |
|
Nordson Corp |
|
|
600 |
|
|
|
165 |
|
Norfolk Southern Corp |
|
|
2,628 |
|
|
|
670 |
|
NuScale Power Corp * |
|
|
33,427 |
|
|
|
178 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
NV5 Global Inc * |
|
|
202 |
|
|
$ |
20 |
|
Old Dominion Freight Line Inc |
|
|
84 |
|
|
|
18 |
|
Omega Flex Inc |
|
|
70 |
|
|
|
5 |
|
OPENLANE Inc * |
|
|
2,303 |
|
|
|
40 |
|
Oshkosh Corp |
|
|
2,762 |
|
|
|
344 |
|
Otis Worldwide Corp |
|
|
2,457 |
|
|
|
244 |
|
Owens Corning |
|
|
4,958 |
|
|
|
827 |
|
PACCAR Inc |
|
|
2,950 |
|
|
|
365 |
|
Parker-Hannifin Corp |
|
|
385 |
|
|
|
214 |
|
Paychex Inc |
|
|
2,612 |
|
|
|
321 |
|
Paycom Software Inc |
|
|
194 |
|
|
|
39 |
|
Paylocity Holding Corp * |
|
|
417 |
|
|
|
72 |
|
Pentair PLC |
|
|
245 |
|
|
|
21 |
|
Pitney Bowes Inc |
|
|
11,792 |
|
|
|
51 |
|
Planet Labs PBC * |
|
|
11,494 |
|
|
|
29 |
|
Plug Power Inc * |
|
|
4,368 |
|
|
|
15 |
|
Primoris Services Corp |
|
|
1,960 |
|
|
|
83 |
|
Proto Labs Inc * |
|
|
91 |
|
|
|
3 |
|
Quanta Services Inc |
|
|
545 |
|
|
|
142 |
|
RB Global Inc |
|
|
132 |
|
|
|
10 |
|
RBC Bearings Inc * |
|
|
64 |
|
|
|
17 |
|
Redwire Corp * |
|
|
40,312 |
|
|
|
177 |
|
Regal Rexnord Corp |
|
|
1,068 |
|
|
|
192 |
|
Republic Services Inc, Cl A |
|
|
969 |
|
|
|
186 |
|
Resideo Technologies Inc * |
|
|
448 |
|
|
|
10 |
|
Resources Connection Inc |
|
|
7,466 |
|
|
|
98 |
|
Robert Half Inc |
|
|
806 |
|
|
|
64 |
|
Rocket Lab USA Inc * |
|
|
87,494 |
|
|
|
360 |
|
Rockwell Automation Inc |
|
|
1,620 |
|
|
|
472 |
|
Rollins Inc |
|
|
3,532 |
|
|
|
163 |
|
RXO Inc * |
|
|
1,041 |
|
|
|
23 |
|
Ryder System Inc |
|
|
1,425 |
|
|
|
171 |
|
Saia Inc * |
|
|
96 |
|
|
|
56 |
|
Schneider National Inc, Cl B |
|
|
521 |
|
|
|
12 |
|
Shyft Group Inc/The |
|
|
429 |
|
|
|
5 |
|
Simpson Manufacturing Co Inc |
|
|
643 |
|
|
|
132 |
|
SiteOne Landscape Supply Inc * |
|
|
361 |
|
|
|
63 |
|
Snap-on Inc |
|
|
318 |
|
|
|
94 |
|
Southwest Airlines Co |
|
|
322 |
|
|
|
9 |
|
SP Plus Corp * |
|
|
1,169 |
|
|
|
61 |
|
Spirit AeroSystems Holdings Inc, Cl A * |
|
|
36,043 |
|
|
|
1,300 |
|
Spirit Airlines Inc |
|
|
1,221 |
|
|
|
6 |
|
SPX Technologies Inc * |
|
|
999 |
|
|
|
123 |
|
Standex International Corp |
|
|
622 |
|
|
|
113 |
|
Stanley Black & Decker Inc |
|
|
1,349 |
|
|
|
132 |
|
Steelcase Inc, Cl A |
|
|
2,620 |
|
|
|
34 |
|
Stem Inc * |
|
|
5,869 |
|
|
|
13 |
|
Stericycle Inc * |
|
|
179 |
|
|
|
9 |
|
Sunrun Inc * |
|
|
1,979 |
|
|
|
26 |
|
Tennant Co |
|
|
639 |
|
|
|
78 |
|
Terex Corp |
|
|
341 |
|
|
|
22 |
|
Tetra Tech Inc |
|
|
564 |
|
|
|
104 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Timken Co/The |
|
|
204 |
|
|
$ |
18 |
|
Toro Co/The |
|
|
1,175 |
|
|
|
108 |
|
TPI Composites Inc * |
|
|
472 |
|
|
|
1 |
|
TransUnion |
|
|
135 |
|
|
|
11 |
|
Trex Co Inc * |
|
|
1,134 |
|
|
|
113 |
|
TriNet Group Inc |
|
|
877 |
|
|
|
116 |
|
Trinity Industries Inc |
|
|
511 |
|
|
|
14 |
|
TrueBlue Inc * |
|
|
6,393 |
|
|
|
80 |
|
TTEC Holdings Inc |
|
|
202 |
|
|
|
2 |
|
Uber Technologies Inc * |
|
|
14,340 |
|
|
|
1,104 |
|
UFP Industries Inc |
|
|
196 |
|
|
|
24 |
|
U-Haul Holding Co * |
|
|
28 |
|
|
|
2 |
|
U-Haul Holding Co, Cl B |
|
|
252 |
|
|
|
17 |
|
UniFirst Corp/MA |
|
|
235 |
|
|
|
41 |
|
Union Pacific Corp |
|
|
7,120 |
|
|
|
1,751 |
|
United Airlines Holdings Inc * |
|
|
289 |
|
|
|
14 |
|
United Parcel Service Inc, Cl B |
|
|
8,300 |
|
|
|
1,234 |
|
United Rentals Inc |
|
|
1,692 |
|
|
|
1,220 |
|
Upwork Inc * |
|
|
3,753 |
|
|
|
46 |
|
Valmont Industries Inc |
|
|
76 |
|
|
|
17 |
|
Veralto Corp |
|
|
1,397 |
|
|
|
124 |
|
Verisk Analytics Inc, Cl A |
|
|
1,729 |
|
|
|
408 |
|
Vertiv Holdings Co, Cl A |
|
|
1,876 |
|
|
|
153 |
|
Vestis Corp |
|
|
130 |
|
|
|
3 |
|
Virgin Galactic Holdings Inc * |
|
|
112,574 |
|
|
|
167 |
|
Wabash National Corp |
|
|
3,217 |
|
|
|
96 |
|
Waste Management Inc |
|
|
6,467 |
|
|
|
1,378 |
|
Watsco Inc |
|
|
52 |
|
|
|
22 |
|
Watts Water Technologies Inc, Cl A |
|
|
507 |
|
|
|
108 |
|
WESCO International Inc |
|
|
3,661 |
|
|
|
627 |
|
Westinghouse Air Brake Technologies Corp |
|
|
465 |
|
|
|
68 |
|
WillScot Mobile Mini Holdings Corp, Cl A * |
|
|
590 |
|
|
|
27 |
|
WW Grainger Inc |
|
|
1,682 |
|
|
|
1,711 |
|
Xylem Inc/NY |
|
|
12,056 |
|
|
|
1,558 |
|
Zurn Elkay Water Solutions Corp |
|
|
1,629 |
|
|
|
55 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
50,496 |
|
Information Technology — 28.2% |
|
|
|
|
8x8 Inc * |
|
|
2,725 |
|
|
|
7 |
|
Accenture PLC, Cl A |
|
|
9,741 |
|
|
|
3,376 |
|
ACI Worldwide Inc * |
|
|
1,373 |
|
|
|
46 |
|
Adeia Inc |
|
|
2,351 |
|
|
|
26 |
|
Adobe Inc * |
|
|
6,788 |
|
|
|
3,425 |
|
ADTRAN Holdings Inc |
|
|
979 |
|
|
|
5 |
|
Advanced Energy Industries Inc |
|
|
725 |
|
|
|
74 |
|
Advanced Micro Devices Inc * |
|
|
18,853 |
|
|
|
3,403 |
|
Agilysys Inc * |
|
|
323 |
|
|
|
27 |
|
Akamai Technologies Inc * |
|
|
7,949 |
|
|
|
865 |
|
Alarm.com Holdings Inc * |
|
|
1,192 |
|
|
|
86 |
|
Altair Engineering Inc, Cl A * |
|
|
269 |
|
|
|
23 |
|
Ambarella Inc * |
|
|
160 |
|
|
|
8 |
|
Amdocs Ltd |
|
|
3,632 |
|
|
|
328 |
|
Amkor Technology Inc |
|
|
3,864 |
|
|
|
125 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Amphenol Corp, Cl A |
|
|
4,648 |
|
|
$ |
536 |
|
Analog Devices Inc |
|
|
2,988 |
|
|
|
591 |
|
ANSYS Inc * |
|
|
683 |
|
|
|
237 |
|
Appian Corp, Cl A * |
|
|
1,246 |
|
|
|
50 |
|
Apple Inc |
|
|
154,798 |
|
|
|
26,545 |
|
Applied Materials Inc |
|
|
12,856 |
|
|
|
2,651 |
|
Arista Networks Inc * |
|
|
3,072 |
|
|
|
891 |
|
Arlo Technologies Inc * |
|
|
7,542 |
|
|
|
95 |
|
Arrow Electronics Inc * |
|
|
1,639 |
|
|
|
212 |
|
Asana Inc, Cl A * |
|
|
3,091 |
|
|
|
48 |
|
Aspen Technology Inc * |
|
|
173 |
|
|
|
37 |
|
Atlassian Corp, Cl A * |
|
|
76 |
|
|
|
15 |
|
Autodesk Inc * |
|
|
3,559 |
|
|
|
927 |
|
Avnet Inc |
|
|
325 |
|
|
|
16 |
|
Axcelis Technologies Inc * |
|
|
1,474 |
|
|
|
164 |
|
Badger Meter Inc |
|
|
775 |
|
|
|
125 |
|
Belden Inc |
|
|
155 |
|
|
|
14 |
|
Benchmark Electronics Inc |
|
|
1,447 |
|
|
|
43 |
|
Bentley Systems Inc, Cl B |
|
|
1,422 |
|
|
|
74 |
|
BigCommerce Holdings Inc * |
|
|
3,803 |
|
|
|
26 |
|
BILL Holdings Inc * |
|
|
185 |
|
|
|
13 |
|
Blackbaud Inc * |
|
|
629 |
|
|
|
47 |
|
Blackline Inc * |
|
|
185 |
|
|
|
12 |
|
Box Inc, Cl A * |
|
|
539 |
|
|
|
15 |
|
Broadcom Inc |
|
|
5,201 |
|
|
|
6,893 |
|
Cadence Design Systems Inc * |
|
|
2,312 |
|
|
|
720 |
|
CDW Corp/DE |
|
|
806 |
|
|
|
206 |
|
Cerence Inc * |
|
|
493 |
|
|
|
8 |
|
Ciena Corp * |
|
|
1,223 |
|
|
|
61 |
|
Cirrus Logic Inc * |
|
|
640 |
|
|
|
59 |
|
Cisco Systems Inc |
|
|
62,767 |
|
|
|
3,133 |
|
Cloudflare Inc, Cl A * |
|
|
1,522 |
|
|
|
147 |
|
Cognex Corp |
|
|
203 |
|
|
|
9 |
|
Cognizant Technology Solutions Corp, Cl A |
|
|
8,315 |
|
|
|
609 |
|
Coherent Corp * |
|
|
265 |
|
|
|
16 |
|
CommScope Holding Co Inc * |
|
|
7,086 |
|
|
|
9 |
|
CommVault Systems Inc * |
|
|
219 |
|
|
|
22 |
|
Consensus Cloud Solutions Inc * |
|
|
180 |
|
|
|
3 |
|
Corning Inc |
|
|
6,104 |
|
|
|
201 |
|
Crane NXT Co |
|
|
135 |
|
|
|
8 |
|
Crowdstrike Holdings Inc, Cl A * |
|
|
741 |
|
|
|
238 |
|
CTS Corp |
|
|
301 |
|
|
|
14 |
|
Datadog Inc, Cl A * |
|
|
1,589 |
|
|
|
196 |
|
Digital Turbine Inc * |
|
|
4,674 |
|
|
|
12 |
|
DocuSign Inc, Cl A * |
|
|
1,618 |
|
|
|
96 |
|
Dolby Laboratories Inc, Cl A |
|
|
731 |
|
|
|
61 |
|
Domo Inc, Cl B * |
|
|
297 |
|
|
|
3 |
|
Dropbox Inc, Cl A * |
|
|
2,914 |
|
|
|
71 |
|
Dynatrace Inc * |
|
|
465 |
|
|
|
22 |
|
E2open Parent Holdings Inc * |
|
|
20,021 |
|
|
|
89 |
|
Elastic NV * |
|
|
183 |
|
|
|
18 |
|
Enphase Energy Inc * |
|
|
60 |
|
|
|
7 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Envestnet Inc * |
|
|
717 |
|
|
$ |
42 |
|
Extreme Networks Inc * |
|
|
4,187 |
|
|
|
48 |
|
F5 Inc * |
|
|
578 |
|
|
|
110 |
|
Fair Isaac Corp * |
|
|
16 |
|
|
|
20 |
|
Fastly Inc, Cl A * |
|
|
905 |
|
|
|
12 |
|
First Solar Inc * |
|
|
2,469 |
|
|
|
417 |
|
Five9 Inc * |
|
|
93 |
|
|
|
6 |
|
FormFactor Inc * |
|
|
353 |
|
|
|
16 |
|
Fortinet Inc * |
|
|
1,490 |
|
|
|
102 |
|
Gartner Inc * |
|
|
326 |
|
|
|
155 |
|
Gen Digital Inc |
|
|
4,737 |
|
|
|
106 |
|
GLOBALFOUNDRIES Inc * |
|
|
1,732 |
|
|
|
90 |
|
Globant SA * |
|
|
271 |
|
|
|
55 |
|
GoDaddy Inc, Cl A * |
|
|
1,102 |
|
|
|
131 |
|
Guidewire Software Inc * |
|
|
109 |
|
|
|
13 |
|
Hackett Group Inc/The |
|
|
3,129 |
|
|
|
76 |
|
HubSpot Inc * |
|
|
322 |
|
|
|
202 |
|
Infinera Corp * |
|
|
6,579 |
|
|
|
40 |
|
Insight Enterprises Inc * |
|
|
132 |
|
|
|
25 |
|
Intel Corp |
|
|
51,878 |
|
|
|
2,291 |
|
InterDigital Inc |
|
|
917 |
|
|
|
98 |
|
International Business Machines Corp |
|
|
13,123 |
|
|
|
2,506 |
|
Intuit Inc |
|
|
3,714 |
|
|
|
2,414 |
|
IPG Photonics Corp * |
|
|
558 |
|
|
|
51 |
|
Itron Inc * |
|
|
588 |
|
|
|
54 |
|
Jabil Inc |
|
|
1,012 |
|
|
|
136 |
|
Juniper Networks Inc |
|
|
7,826 |
|
|
|
290 |
|
Keysight Technologies Inc * |
|
|
8,514 |
|
|
|
1,331 |
|
Kimball Electronics Inc * |
|
|
2,142 |
|
|
|
46 |
|
KLA Corp |
|
|
1,803 |
|
|
|
1,260 |
|
Knowles Corp * |
|
|
2,314 |
|
|
|
37 |
|
Kulicke & Soffa Industries Inc |
|
|
764 |
|
|
|
38 |
|
Kyndryl Holdings Inc * |
|
|
2,624 |
|
|
|
57 |
|
Lam Research Corp |
|
|
2,119 |
|
|
|
2,059 |
|
Lattice Semiconductor Corp * |
|
|
369 |
|
|
|
29 |
|
Littelfuse Inc |
|
|
60 |
|
|
|
15 |
|
Lumentum Holdings Inc * |
|
|
660 |
|
|
|
31 |
|
Manhattan Associates Inc * |
|
|
522 |
|
|
|
131 |
|
Marathon Digital Holdings Inc * |
|
|
3,468 |
|
|
|
78 |
|
Marvell Technology Inc |
|
|
7,143 |
|
|
|
506 |
|
Matterport Inc * |
|
|
11,962 |
|
|
|
27 |
|
Microchip Technology Inc |
|
|
1,268 |
|
|
|
114 |
|
Micron Technology Inc |
|
|
11,221 |
|
|
|
1,323 |
|
Microsoft Corp |
|
|
81,866 |
|
|
|
34,443 |
|
MicroStrategy Inc, Cl A * |
|
|
69 |
|
|
|
118 |
|
MicroVision Inc * |
|
|
2,858 |
|
|
|
5 |
|
MKS Instruments Inc |
|
|
103 |
|
|
|
14 |
|
MongoDB Inc, Cl A * |
|
|
574 |
|
|
|
206 |
|
Monolithic Power Systems Inc |
|
|
64 |
|
|
|
43 |
|
N-able Inc * |
|
|
317 |
|
|
|
4 |
|
NCR Voyix Corp * |
|
|
334 |
|
|
|
4 |
|
NetApp Inc |
|
|
2,936 |
|
|
|
308 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
NetScout Systems Inc * |
|
|
2,073 |
|
|
$ |
45 |
|
Novanta Inc * |
|
|
98 |
|
|
|
17 |
|
Nutanix Inc, Cl A * |
|
|
359 |
|
|
|
22 |
|
NVIDIA Corp |
|
|
26,561 |
|
|
|
23,999 |
|
Okta Inc, Cl A * |
|
|
812 |
|
|
|
85 |
|
ON Semiconductor Corp * |
|
|
1,757 |
|
|
|
129 |
|
Oracle Corp |
|
|
24,339 |
|
|
|
3,057 |
|
OSI Systems Inc * |
|
|
497 |
|
|
|
71 |
|
PagerDuty Inc * |
|
|
1,821 |
|
|
|
41 |
|
Palantir Technologies Inc, Cl A * |
|
|
4,251 |
|
|
|
98 |
|
Palo Alto Networks Inc * |
|
|
2,616 |
|
|
|
743 |
|
Pegasystems Inc |
|
|
150 |
|
|
|
10 |
|
Perficient Inc * |
|
|
181 |
|
|
|
10 |
|
Plexus Corp * |
|
|
589 |
|
|
|
56 |
|
Power Integrations Inc |
|
|
196 |
|
|
|
14 |
|
Procore Technologies Inc * |
|
|
1,013 |
|
|
|
83 |
|
Progress Software Corp |
|
|
1,206 |
|
|
|
64 |
|
PROS Holdings Inc * |
|
|
818 |
|
|
|
30 |
|
PTC Inc * |
|
|
677 |
|
|
|
128 |
|
Pure Storage Inc, Cl A * |
|
|
685 |
|
|
|
36 |
|
Qorvo Inc * |
|
|
100 |
|
|
|
12 |
|
QUALCOMM Inc |
|
|
14,569 |
|
|
|
2,467 |
|
Qualys Inc * |
|
|
591 |
|
|
|
99 |
|
Rambus Inc * |
|
|
3,633 |
|
|
|
225 |
|
Rapid7 Inc * |
|
|
393 |
|
|
|
19 |
|
RingCentral Inc, Cl A * |
|
|
699 |
|
|
|
24 |
|
Riot Platforms Inc * |
|
|
3,379 |
|
|
|
41 |
|
Rogers Corp * |
|
|
392 |
|
|
|
47 |
|
Roper Technologies Inc |
|
|
289 |
|
|
|
162 |
|
Salesforce Inc |
|
|
14,041 |
|
|
|
4,229 |
|
Sanmina Corp * |
|
|
189 |
|
|
|
12 |
|
ScanSource Inc * |
|
|
1,292 |
|
|
|
57 |
|
Semtech Corp * |
|
|
1,000 |
|
|
|
28 |
|
ServiceNow Inc * |
|
|
2,243 |
|
|
|
1,710 |
|
Silicon Laboratories Inc * |
|
|
437 |
|
|
|
63 |
|
Skyworks Solutions Inc |
|
|
308 |
|
|
|
33 |
|
Smartsheet Inc, Cl A * |
|
|
266 |
|
|
|
10 |
|
Snowflake Inc, Cl A * |
|
|
3,330 |
|
|
|
538 |
|
SolarWinds Corp * |
|
|
317 |
|
|
|
4 |
|
SPS Commerce Inc * |
|
|
152 |
|
|
|
28 |
|
Super Micro Computer Inc * |
|
|
122 |
|
|
|
123 |
|
Synaptics Inc * |
|
|
142 |
|
|
|
14 |
|
Synopsys Inc * |
|
|
1,235 |
|
|
|
706 |
|
TD SYNNEX Corp |
|
|
387 |
|
|
|
44 |
|
Teledyne Technologies Inc * |
|
|
31 |
|
|
|
13 |
|
Teradata Corp * |
|
|
2,108 |
|
|
|
82 |
|
Teradyne Inc |
|
|
3,500 |
|
|
|
395 |
|
Texas Instruments Inc |
|
|
9,105 |
|
|
|
1,586 |
|
Trimble Inc * |
|
|
2,035 |
|
|
|
131 |
|
TTM Technologies Inc * |
|
|
3,386 |
|
|
|
53 |
|
Tucows Inc, Cl A * |
|
|
170 |
|
|
|
3 |
|
Turtle Beach Corp * |
|
|
10,192 |
|
|
|
176 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Twilio Inc, Cl A * |
|
|
1,420 |
|
|
$ |
87 |
|
Tyler Technologies Inc * |
|
|
393 |
|
|
|
167 |
|
Ubiquiti Inc |
|
|
48 |
|
|
|
6 |
|
UiPath Inc, Cl A * |
|
|
4,174 |
|
|
|
95 |
|
Unisys Corp * |
|
|
689 |
|
|
|
3 |
|
Unity Software Inc * |
|
|
2,638 |
|
|
|
70 |
|
Universal Display Corp |
|
|
2,553 |
|
|
|
430 |
|
Varonis Systems Inc, Cl B * |
|
|
327 |
|
|
|
15 |
|
Verint Systems Inc * |
|
|
947 |
|
|
|
31 |
|
VeriSign Inc * |
|
|
802 |
|
|
|
152 |
|
ViaSat Inc * |
|
|
693 |
|
|
|
13 |
|
Viavi Solutions Inc * |
|
|
3,355 |
|
|
|
31 |
|
Western Digital Corp * |
|
|
2,423 |
|
|
|
165 |
|
Wolfspeed Inc * |
|
|
248 |
|
|
|
7 |
|
Workday Inc, Cl A * |
|
|
2,079 |
|
|
|
567 |
|
Workiva Inc, Cl A * |
|
|
1,224 |
|
|
|
104 |
|
Xerox Holdings Corp |
|
|
4,697 |
|
|
|
84 |
|
Xperi Inc * |
|
|
940 |
|
|
|
11 |
|
Zebra Technologies Corp, Cl A * |
|
|
438 |
|
|
|
132 |
|
Zoom Video Communications Inc, Cl A * |
|
|
2,001 |
|
|
|
131 |
|
Zscaler Inc * |
|
|
491 |
|
|
|
95 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
154,140 |
|
Materials — 2.3% |
|
|
|
|
AdvanSix Inc |
|
|
1,143 |
|
|
|
33 |
|
Air Products and Chemicals Inc |
|
|
4,688 |
|
|
|
1,136 |
|
Albemarle Corp |
|
|
752 |
|
|
|
99 |
|
Alcoa Corp |
|
|
5,657 |
|
|
|
191 |
|
Amcor PLC |
|
|
4,821 |
|
|
|
46 |
|
AptarGroup Inc |
|
|
1,944 |
|
|
|
280 |
|
Arcadium Lithium PLC * |
|
|
13,971 |
|
|
|
60 |
|
Arch Resources Inc |
|
|
94 |
|
|
|
15 |
|
Ashland Inc |
|
|
152 |
|
|
|
15 |
|
ATI Inc * |
|
|
2,362 |
|
|
|
121 |
|
Avery Dennison Corp |
|
|
88 |
|
|
|
20 |
|
Avient Corp |
|
|
1,216 |
|
|
|
53 |
|
Axalta Coating Systems Ltd * |
|
|
3,085 |
|
|
|
106 |
|
Balchem Corp |
|
|
107 |
|
|
|
17 |
|
Ball Corp |
|
|
15,648 |
|
|
|
1,054 |
|
Berry Global Group Inc |
|
|
3,314 |
|
|
|
200 |
|
Cabot Corp |
|
|
238 |
|
|
|
22 |
|
Carpenter Technology Corp |
|
|
1,006 |
|
|
|
72 |
|
Celanese Corp, Cl A |
|
|
93 |
|
|
|
16 |
|
CF Industries Holdings Inc |
|
|
1,865 |
|
|
|
155 |
|
Chemours Co/The |
|
|
2,832 |
|
|
|
74 |
|
Cleveland-Cliffs Inc * |
|
|
6,197 |
|
|
|
141 |
|
Coeur Mining Inc * |
|
|
6,945 |
|
|
|
26 |
|
Commercial Metals Co |
|
|
1,211 |
|
|
|
71 |
|
Compass Minerals International Inc |
|
|
851 |
|
|
|
13 |
|
Constellium SE, Cl A * |
|
|
4,520 |
|
|
|
100 |
|
Corteva Inc |
|
|
885 |
|
|
|
51 |
|
Crown Holdings Inc |
|
|
6,925 |
|
|
|
549 |
|
Dow Inc |
|
|
6,392 |
|
|
|
370 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
DuPont de Nemours Inc |
|
|
1,359 |
|
|
$ |
104 |
|
Eagle Materials Inc |
|
|
126 |
|
|
|
34 |
|
Eastman Chemical Co |
|
|
9,101 |
|
|
|
912 |
|
Ecolab Inc |
|
|
2,293 |
|
|
|
529 |
|
FMC Corp |
|
|
2,400 |
|
|
|
153 |
|
Freeport-McMoRan Inc |
|
|
27,003 |
|
|
|
1,270 |
|
Graphic Packaging Holding Co |
|
|
681 |
|
|
|
20 |
|
Greif Inc, Cl A |
|
|
1,122 |
|
|
|
77 |
|
HB Fuller Co |
|
|
158 |
|
|
|
13 |
|
Huntsman Corp |
|
|
475 |
|
|
|
12 |
|
Ingevity Corp * |
|
|
563 |
|
|
|
27 |
|
Innospec Inc |
|
|
499 |
|
|
|
64 |
|
International Flavors & Fragrances Inc |
|
|
2,307 |
|
|
|
198 |
|
International Paper Co |
|
|
360 |
|
|
|
14 |
|
Knife River Corp * |
|
|
96 |
|
|
|
8 |
|
Louisiana-Pacific Corp |
|
|
1,740 |
|
|
|
146 |
|
LyondellBasell Industries NV, Cl A |
|
|
2,182 |
|
|
|
223 |
|
Martin Marietta Materials Inc |
|
|
397 |
|
|
|
244 |
|
Minerals Technologies Inc |
|
|
182 |
|
|
|
14 |
|
Mosaic Co/The |
|
|
3,590 |
|
|
|
117 |
|
Newmont Corp |
|
|
21,956 |
|
|
|
787 |
|
Novagold Resources Inc * |
|
|
1,266 |
|
|
|
4 |
|
Nucor Corp |
|
|
1,828 |
|
|
|
362 |
|
Packaging Corp of America |
|
|
101 |
|
|
|
19 |
|
PPG Industries Inc |
|
|
2,274 |
|
|
|
330 |
|
Quaker Chemical Corp |
|
|
55 |
|
|
|
11 |
|
Radius Recycling Inc, Cl A |
|
|
1,418 |
|
|
|
30 |
|
Reliance Inc |
|
|
412 |
|
|
|
138 |
|
Royal Gold Inc |
|
|
512 |
|
|
|
62 |
|
Scotts Miracle-Gro Co/The |
|
|
163 |
|
|
|
12 |
|
Sealed Air Corp |
|
|
293 |
|
|
|
11 |
|
Sensient Technologies Corp |
|
|
161 |
|
|
|
11 |
|
Sherwin-Williams Co/The |
|
|
1,073 |
|
|
|
373 |
|
Sonoco Products Co |
|
|
185 |
|
|
|
11 |
|
Southern Copper Corp |
|
|
272 |
|
|
|
29 |
|
Steel Dynamics Inc |
|
|
2,648 |
|
|
|
393 |
|
Stepan Co |
|
|
138 |
|
|
|
12 |
|
Summit Materials Inc, Cl A * |
|
|
447 |
|
|
|
20 |
|
Sylvamo Corp |
|
|
32 |
|
|
|
2 |
|
TriMas Corp |
|
|
1,583 |
|
|
|
42 |
|
Trinseo PLC |
|
|
1,345 |
|
|
|
5 |
|
Tronox Holdings PLC |
|
|
4,385 |
|
|
|
76 |
|
United States Lime & Minerals Inc |
|
|
98 |
|
|
|
29 |
|
United States Steel Corp |
|
|
3,709 |
|
|
|
151 |
|
Vulcan Materials Co |
|
|
665 |
|
|
|
181 |
|
Warrior Met Coal Inc |
|
|
969 |
|
|
|
59 |
|
Westlake Corp |
|
|
137 |
|
|
|
21 |
|
Westrock Co |
|
|
336 |
|
|
|
17 |
|
Worthington Steel Inc |
|
|
223 |
|
|
|
8 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
12,491 |
|
Real Estate — 2.7% |
|
|
|
|
Acadia Realty Trust ‡ |
|
|
1,946 |
|
|
|
33 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Agree Realty Corp ‡ |
|
|
736 |
|
|
$ |
42 |
|
Alexander & Baldwin Inc ‡ |
|
|
2,342 |
|
|
|
39 |
|
Alexandria Real Estate Equities Inc ‡ |
|
|
846 |
|
|
|
109 |
|
American Homes 4 Rent, Cl A ‡ |
|
|
375 |
|
|
|
14 |
|
American Tower Corp, Cl A ‡ |
|
|
5,189 |
|
|
|
1,025 |
|
Anywhere Real Estate Inc * |
|
|
4,621 |
|
|
|
29 |
|
Apartment Income REIT Corp ‡ |
|
|
304 |
|
|
|
10 |
|
Apartment Investment and Management Co, Cl A *‡ |
|
|
1,711 |
|
|
|
14 |
|
Apple Hospitality REIT Inc ‡ |
|
|
718 |
|
|
|
12 |
|
AvalonBay Communities Inc ‡ |
|
|
3,261 |
|
|
|
605 |
|
Boston Properties Inc ‡ |
|
|
1,468 |
|
|
|
96 |
|
Brandywine Realty Trust ‡ |
|
|
14,492 |
|
|
|
70 |
|
Brixmor Property Group Inc ‡ |
|
|
4,703 |
|
|
|
110 |
|
Camden Property Trust ‡ |
|
|
125 |
|
|
|
12 |
|
CareTrust REIT Inc ‡ |
|
|
2,438 |
|
|
|
59 |
|
CBRE Group Inc, Cl A * |
|
|
13,376 |
|
|
|
1,301 |
|
Community Healthcare Trust Inc ‡ |
|
|
1,136 |
|
|
|
30 |
|
COPT Defense Properties ‡ |
|
|
3,986 |
|
|
|
96 |
|
CoStar Group Inc * |
|
|
1,202 |
|
|
|
116 |
|
Cousins Properties Inc ‡ |
|
|
289 |
|
|
|
7 |
|
Crown Castle Inc ‡ |
|
|
4,174 |
|
|
|
442 |
|
CubeSmart ‡ |
|
|
377 |
|
|
|
17 |
|
DiamondRock Hospitality Co ‡ |
|
|
4,575 |
|
|
|
44 |
|
Digital Realty Trust Inc ‡ |
|
|
2,674 |
|
|
|
385 |
|
Douglas Emmett Inc ‡ |
|
|
448 |
|
|
|
6 |
|
EastGroup Properties Inc ‡ |
|
|
306 |
|
|
|
55 |
|
Elme Communities ‡ |
|
|
1,705 |
|
|
|
24 |
|
Empire State Realty Trust Inc, Cl A ‡ |
|
|
5,592 |
|
|
|
57 |
|
EPR Properties ‡ |
|
|
735 |
|
|
|
31 |
|
Equinix Inc ‡ |
|
|
1,035 |
|
|
|
854 |
|
Equity Commonwealth *‡ |
|
|
846 |
|
|
|
16 |
|
Equity LifeStyle Properties Inc ‡ |
|
|
167 |
|
|
|
11 |
|
Equity Residential ‡ |
|
|
3,485 |
|
|
|
220 |
|
Essential Properties Realty Trust Inc ‡ |
|
|
2,028 |
|
|
|
54 |
|
Essex Property Trust Inc ‡ |
|
|
454 |
|
|
|
111 |
|
Extra Space Storage Inc ‡ |
|
|
959 |
|
|
|
141 |
|
Federal Realty Investment Trust ‡ |
|
|
114 |
|
|
|
12 |
|
First Industrial Realty Trust Inc ‡ |
|
|
263 |
|
|
|
14 |
|
Four Corners Property Trust Inc ‡ |
|
|
1,848 |
|
|
|
45 |
|
Gaming and Leisure Properties Inc ‡ |
|
|
283 |
|
|
|
13 |
|
Healthcare Realty Trust Inc, Cl A ‡ |
|
|
392 |
|
|
|
6 |
|
Healthpeak Properties Inc ‡ |
|
|
11,240 |
|
|
|
211 |
|
Highwoods Properties Inc ‡ |
|
|
247 |
|
|
|
7 |
|
Host Hotels & Resorts Inc ‡ |
|
|
5,040 |
|
|
|
104 |
|
Howard Hughes Holdings Inc * |
|
|
795 |
|
|
|
58 |
|
Hudson Pacific Properties Inc ‡ |
|
|
2,475 |
|
|
|
16 |
|
Innovative Industrial Properties Inc, Cl A ‡ |
|
|
59 |
|
|
|
6 |
|
Invitation Homes Inc ‡ |
|
|
1,509 |
|
|
|
54 |
|
Iron Mountain Inc ‡ |
|
|
1,626 |
|
|
|
130 |
|
JBG SMITH Properties ‡ |
|
|
2,065 |
|
|
|
33 |
|
Jones Lang LaSalle Inc * |
|
|
1,270 |
|
|
|
248 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Kilroy Realty Corp ‡ |
|
|
2,593 |
|
|
$ |
94 |
|
Kimco Realty Corp ‡ |
|
|
7,790 |
|
|
|
153 |
|
Kite Realty Group Trust ‡ |
|
|
3,286 |
|
|
|
71 |
|
Lamar Advertising Co, Cl A ‡ |
|
|
1,059 |
|
|
|
126 |
|
LTC Properties Inc ‡ |
|
|
1,142 |
|
|
|
37 |
|
LXP Industrial Trust ‡ |
|
|
966 |
|
|
|
9 |
|
Macerich Co/The ‡ |
|
|
5,508 |
|
|
|
95 |
|
Marcus & Millichap Inc |
|
|
1,380 |
|
|
|
47 |
|
Medical Properties Trust Inc ‡ |
|
|
2,513 |
|
|
|
12 |
|
Mid-America Apartment Communities Inc ‡ |
|
|
318 |
|
|
|
42 |
|
NET Lease Office Properties ‡ |
|
|
10 |
|
|
|
— |
|
Newmark Group Inc, Cl A |
|
|
3,753 |
|
|
|
42 |
|
Office Properties Income Trust ‡ |
|
|
1,618 |
|
|
|
3 |
|
Omega Healthcare Investors Inc ‡ |
|
|
1,229 |
|
|
|
39 |
|
Orion Office REIT Inc ‡ |
|
|
124 |
|
|
|
— |
|
Outfront Media Inc ‡ |
|
|
1,951 |
|
|
|
33 |
|
Paramount Group Inc ‡ |
|
|
5,922 |
|
|
|
28 |
|
Park Hotels & Resorts Inc ‡ |
|
|
1,996 |
|
|
|
35 |
|
Pebblebrook Hotel Trust ‡ |
|
|
1,899 |
|
|
|
29 |
|
Piedmont Office Realty Trust Inc, Cl A ‡ |
|
|
2,333 |
|
|
|
16 |
|
PotlatchDeltic Corp ‡ |
|
|
231 |
|
|
|
11 |
|
Prologis Inc ‡ |
|
|
18,520 |
|
|
|
2,412 |
|
Public Storage ‡ |
|
|
1,303 |
|
|
|
378 |
|
Rayonier Inc ‡ |
|
|
1,593 |
|
|
|
53 |
|
RE/MAX Holdings Inc, Cl A |
|
|
1,292 |
|
|
|
11 |
|
Realty Income Corp ‡ |
|
|
2,112 |
|
|
|
114 |
|
Redfin Corp * |
|
|
458 |
|
|
|
3 |
|
Regency Centers Corp ‡ |
|
|
18,570 |
|
|
|
1,125 |
|
Rexford Industrial Realty Inc ‡ |
|
|
241 |
|
|
|
12 |
|
RLJ Lodging Trust ‡ |
|
|
2,849 |
|
|
|
34 |
|
RMR Group Inc/The, Cl A |
|
|
1,095 |
|
|
|
26 |
|
Ryman Hospitality Properties Inc ‡ |
|
|
577 |
|
|
|
67 |
|
Safehold Inc ‡ |
|
|
968 |
|
|
|
20 |
|
SBA Communications Corp, Cl A ‡ |
|
|
684 |
|
|
|
148 |
|
Service Properties Trust ‡ |
|
|
483 |
|
|
|
3 |
|
Simon Property Group Inc ‡ |
|
|
698 |
|
|
|
109 |
|
SITE Centers Corp ‡ |
|
|
3,734 |
|
|
|
55 |
|
SL Green Realty Corp ‡ |
|
|
2,468 |
|
|
|
136 |
|
St Joe Co/The |
|
|
460 |
|
|
|
27 |
|
STAG Industrial Inc ‡ |
|
|
359 |
|
|
|
14 |
|
Star Holdings *‡ |
|
|
480 |
|
|
|
6 |
|
Summit Hotel Properties Inc ‡ |
|
|
4,173 |
|
|
|
27 |
|
Sun Communities Inc ‡ |
|
|
272 |
|
|
|
35 |
|
Tanger Inc ‡ |
|
|
647 |
|
|
|
19 |
|
UDR Inc ‡ |
|
|
250 |
|
|
|
9 |
|
Uniti Group Inc ‡ |
|
|
1,247 |
|
|
|
7 |
|
Urban Edge Properties ‡ |
|
|
2,679 |
|
|
|
46 |
|
Ventas Inc ‡ |
|
|
3,279 |
|
|
|
143 |
|
VICI Properties Inc, Cl A ‡ |
|
|
3,317 |
|
|
|
99 |
|
Vornado Realty Trust ‡ |
|
|
2,903 |
|
|
|
84 |
|
Welltower Inc ‡ |
|
|
4,270 |
|
|
|
399 |
|
Weyerhaeuser Co ‡ |
|
|
17,005 |
|
|
|
611 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Growth Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
WP Carey Inc ‡ |
|
|
149 |
|
|
$ |
8 |
|
Xenia Hotels & Resorts Inc ‡ |
|
|
2,347 |
|
|
|
35 |
|
Zillow Group Inc, Cl C * |
|
|
1,112 |
|
|
|
54 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
14,505 |
|
Utilities — 1.6% |
|
|
|
|
AES Corp/The |
|
|
5,282 |
|
|
|
95 |
|
ALLETE Inc |
|
|
620 |
|
|
|
37 |
|
Alliant Energy Corp |
|
|
213 |
|
|
|
11 |
|
Ameren Corp |
|
|
141 |
|
|
|
10 |
|
American Electric Power Co Inc |
|
|
5,930 |
|
|
|
511 |
|
American States Water Co |
|
|
580 |
|
|
|
42 |
|
American Water Works Co Inc |
|
|
2,717 |
|
|
|
332 |
|
Atmos Energy Corp |
|
|
461 |
|
|
|
55 |
|
Avangrid Inc |
|
|
1,720 |
|
|
|
63 |
|
Brookfield Infrastructure Corp, Cl A |
|
|
1,827 |
|
|
|
66 |
|
CenterPoint Energy Inc |
|
|
434 |
|
|
|
12 |
|
Clearway Energy Inc, Cl A |
|
|
1,758 |
|
|
|
38 |
|
Clearway Energy Inc, Cl C |
|
|
456 |
|
|
|
10 |
|
CMS Energy Corp |
|
|
20,708 |
|
|
|
1,249 |
|
Consolidated Edison Inc |
|
|
1,130 |
|
|
|
103 |
|
Constellation Energy Corp |
|
|
631 |
|
|
|
117 |
|
Dominion Energy Inc |
|
|
2,121 |
|
|
|
104 |
|
DTE Energy Co |
|
|
876 |
|
|
|
98 |
|
Duke Energy Corp |
|
|
11,833 |
|
|
|
1,144 |
|
Edison International |
|
|
3,288 |
|
|
|
232 |
|
Entergy Corp |
|
|
2,276 |
|
|
|
240 |
|
Essential Utilities Inc |
|
|
331 |
|
|
|
12 |
|
Evergy Inc |
|
|
180 |
|
|
|
10 |
|
Exelon Corp |
|
|
11,090 |
|
|
|
417 |
|
FirstEnergy Corp |
|
|
1,531 |
|
|
|
59 |
|
Hawaiian Electric Industries Inc |
|
|
249 |
|
|
|
3 |
|
IDACORP Inc, Cl Rights |
|
|
108 |
|
|
|
10 |
|
MGE Energy Inc |
|
|
631 |
|
|
|
50 |
|
National Fuel Gas Co |
|
|
223 |
|
|
|
12 |
|
New Jersey Resources Corp |
|
|
1,111 |
|
|
|
48 |
|
NextEra Energy Inc |
|
|
27,072 |
|
|
|
1,730 |
|
NiSource Inc |
|
|
419 |
|
|
|
12 |
|
Northwest Natural Holding Co |
|
|
699 |
|
|
|
26 |
|
NRG Energy Inc |
|
|
323 |
|
|
|
22 |
|
OGE Energy Corp |
|
|
261 |
|
|
|
9 |
|
Ormat Technologies Inc |
|
|
644 |
|
|
|
43 |
|
PG&E Corp |
|
|
692 |
|
|
|
12 |
|
Pinnacle West Capital Corp |
|
|
1,420 |
|
|
|
106 |
|
PNM Resources Inc |
|
|
975 |
|
|
|
37 |
|
Portland General Electric Co |
|
|
894 |
|
|
|
37 |
|
PPL Corp |
|
|
2,577 |
|
|
|
71 |
|
Public Service Enterprise Group Inc |
|
|
210 |
|
|
|
14 |
|
Sempra |
|
|
6,186 |
|
|
|
444 |
|
SJW Group |
|
|
716 |
|
|
|
40 |
|
Southern Co/The |
|
|
4,652 |
|
|
|
334 |
|
Sunnova Energy International Inc * |
|
|
810 |
|
|
|
5 |
|
UGI Corp |
|
|
253 |
|
|
|
6 |
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
COMMON STOCK†† (continued) |
Vistra Corp |
|
|
2,088 |
|
|
$ |
145 |
|
WEC Energy Group Inc |
|
|
1,179 |
|
|
|
97 |
|
Xcel Energy Inc |
|
|
1,637 |
|
|
|
88 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
8,468 |
|
Total Common Stock |
|
|
|
|
|
|
|
|
(Cost $232,807) ($ Thousands) |
|
|
|
|
|
|
533,576 |
|
| |
|
|
|
|
|
|
|
|
FOREIGN COMMON STOCK†† — 1.0% |
| |
|
|
|
|
|
|
|
|
Ireland — 0.7% |
|
|
|
|
Ardmore Shipping Corp |
|
|
5,335 |
|
|
|
88 |
|
Cimpress PLC * |
|
|
398 |
|
|
|
35 |
|
ICON PLC ADR * |
|
|
572 |
|
|
|
192 |
|
Jazz Pharmaceuticals PLC * |
|
|
616 |
|
|
|
74 |
|
Linde PLC |
|
|
4,020 |
|
|
|
1,866 |
|
Medtronic PLC |
|
|
19,976 |
|
|
|
1,741 |
|
Perrigo Co PLC |
|
|
211 |
|
|
|
7 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
4,003 |
|
| |
|
|
|
|
|
|
|
|
United Kingdom — 0.3% |
|
|
|
|
Alkermes PLC * |
|
|
2,433 |
|
|
|
66 |
|
Cushman & Wakefield PLC * |
|
|
2,593 |
|
|
|
27 |
|
Gates Industrial Corp PLC * |
|
|
886 |
|
|
|
16 |
|
Johnson Controls International PLC |
|
|
8,308 |
|
|
|
543 |
|
nVent Electric PLC |
|
|
457 |
|
|
|
34 |
|
Sensata Technologies Holding PLC |
|
|
4,273 |
|
|
|
157 |
|
STERIS PLC |
|
|
501 |
|
|
|
113 |
|
Trane Technologies PLC |
|
|
1,779 |
|
|
|
534 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
1,490 |
|
| |
|
|
|
|
|
|
|
|
Total Foreign Common Stock |
|
|
|
|
|
|
|
|
(Cost $3,886) ($ Thousands) |
|
|
|
|
|
|
5,493 |
|
| |
|
|
Number of
Warrants |
|
|
|
|
|
WARRANTS — 0.0% |
Cassava Sciences Inc, Expires 11/15/2024* |
|
|
1 |
|
|
|
– |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Total Warrants |
|
|
|
|
|
|
|
|
(Cost $—) ($ Thousands) |
|
|
|
|
|
|
– |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
Number of
Rights |
|
|
|
|
|
RIGHTS — 0.0% |
Abiomed Inc *‡‡ |
|
|
332 |
|
|
|
– |
|
Total Rights |
|
|
|
|
|
|
|
|
(Cost $—) ($ Thousands) |
|
|
|
|
|
|
– |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Growth Fund (Concluded)
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
CASH EQUIVALENT — 0.7% |
SEI Daily Income Trust, Government Fund, Cl Institutional |
|
|
|
|
|
|
|
|
5.130%**† |
|
|
3,558,925 |
|
|
$ |
3,559 |
|
Total Cash Equivalent |
|
|
|
|
|
|
|
|
(Cost $3,559) ($ Thousands) |
|
|
|
|
|
|
3,559 |
|
Total Investments in Securities — 99.5% |
|
|
|
|
|
|
|
|
(Cost $240,252) ($ Thousands) |
|
$ |
542,628 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
A list of the open futures contracts held by the Fund at March 31, 2024, is 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 |
|
|
8 |
|
|
|
Jun-2024 |
|
|
$ |
835 |
|
|
$ |
858 |
|
|
$ |
23 |
|
S&P 500 Index E-MINI |
|
|
11 |
|
|
|
Jun-2024 |
|
|
|
2,852 |
|
|
|
2,920 |
|
|
|
68 |
|
| |
|
|
|
|
|
|
|
|
|
$ |
3,687 |
|
|
$ |
3,778 |
|
|
$ |
91 |
|
The futures contracts are considered to have equity rate risk associated with them.
|
Percentages are based on Net Assets of $545,614 ($ Thousands). |
* |
Non-income producing security. |
** |
The rate reported is the 7-day effective yield as of March 31, 2024. |
† |
Investment in Affiliated Security. |
†† |
Narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting. |
‡ |
Real Estate Investment Trust. |
‡‡ |
Expiration date not available. |
The following is a summary of the transactions with affiliates for the period ended March 31, 2024 ($ Thousands):
Security Description |
|
Value 6/30/2023 |
|
|
Purchases at Cost |
|
|
Proceeds from Sales |
|
|
Realized Gain/(Loss) |
|
|
Change in Unrealized Appreciation/(Depreciation) |
|
|
Value 3/31/2024 |
|
|
Income |
|
|
Capital Gains |
|
SEI Daily Income Trust, Government Fund, Institutional Class |
|
$ |
2,867 |
|
|
$ |
46,890 |
|
|
$ |
(46,198 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
3,559 |
|
|
$ |
33 |
|
|
$ |
— |
|
Amounts designated as "—" are either $0 or have been rounded to $0.
See “Glossary” for abbreviations.
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES — 42.7% |
Agency Mortgage-Backed Obligations — 35.8% |
|
|
|
|
FHLMC |
|
|
|
|
|
|
|
|
6.500%, 12/01/2035 to 05/01/2053 |
|
$ |
568 |
|
|
$ |
583 |
|
6.000%, 03/01/2035 to 09/01/2053 |
|
|
978 |
|
|
|
1,005 |
|
5.797%, US0012M + 1.625%, 10/01/2046(A) |
|
|
433 |
|
|
|
440 |
|
5.714%, US0012M + 1.598%, 06/01/2047(A) |
|
|
284 |
|
|
|
290 |
|
5.500%, 12/01/2036 to 09/01/2053 |
|
|
1,940 |
|
|
|
1,947 |
|
5.000%, 04/01/2024 to 04/01/2053 |
|
|
1,461 |
|
|
|
1,445 |
|
4.500%, 06/01/2038 to 11/01/2052 |
|
|
2,662 |
|
|
|
2,589 |
|
4.000%, 07/01/2037 to 02/01/2053 |
|
|
3,079 |
|
|
|
2,902 |
|
3.500%, 04/01/2033 to 06/01/2052 |
|
|
2,269 |
|
|
|
2,067 |
|
3.097%, US0012M + 1.621%, 02/01/2050(A) |
|
|
106 |
|
|
|
100 |
|
3.005%, US0012M + 1.628%, 11/01/2048(A) |
|
|
327 |
|
|
|
308 |
|
3.000%, 09/01/2032 to 04/01/2052 |
|
|
3,767 |
|
|
|
3,309 |
|
2.871%, US0012M + 1.619%, 11/01/2047(A) |
|
|
105 |
|
|
|
101 |
|
2.500%, 08/01/2030 to 04/01/2052 |
|
|
7,631 |
|
|
|
6,507 |
|
2.000%, 09/01/2040 to 03/01/2052 |
|
|
4,569 |
|
|
|
3,756 |
|
1.500%, 11/01/2040 to 02/01/2051 |
|
|
1,386 |
|
|
|
1,128 |
|
FHLMC CMO, Ser 2011-3947, Cl SG, IO |
|
|
|
|
|
|
|
|
0.517%, 10/15/2041(A) |
|
|
65 |
|
|
|
6 |
|
FHLMC CMO, Ser 2012-4057, Cl UI, IO |
|
|
|
|
|
|
|
|
3.000%, 05/15/2027 |
|
|
20 |
|
|
|
– |
|
FHLMC CMO, Ser 2012-4085, Cl IO, IO |
|
|
|
|
|
|
|
|
3.000%, 06/15/2027 |
|
|
45 |
|
|
|
1 |
|
FHLMC CMO, Ser 2012-4099, Cl ST, IO |
|
|
|
|
|
|
|
|
0.567%, 08/15/2042(A) |
|
|
41 |
|
|
|
4 |
|
FHLMC CMO, Ser 2013-4194, Cl BI, IO |
|
|
|
|
|
|
|
|
3.500%, 04/15/2043 |
|
|
46 |
|
|
|
7 |
|
FHLMC CMO, Ser 2013-4203, Cl PS, IO |
|
|
|
|
|
|
|
|
0.817%, 09/15/2042(A) |
|
|
60 |
|
|
|
5 |
|
FHLMC CMO, Ser 2014-4310, Cl SA, IO |
|
|
|
|
|
|
|
|
0.517%, 02/15/2044(A) |
|
|
17 |
|
|
|
2 |
|
FHLMC CMO, Ser 2014-4335, Cl SW, IO |
|
|
|
|
|
|
|
|
0.567%, 05/15/2044(A) |
|
|
34 |
|
|
|
3 |
|
FHLMC CMO, Ser 2014-4415, Cl IO, IO |
|
|
|
|
|
|
|
|
0.038%, 04/15/2041(A) |
|
|
16 |
|
|
|
1 |
|
FHLMC Multifamily Structured Pass-Through Certificates, Ser 1515, Cl X1, IO |
|
|
|
|
|
|
|
|
1.509%, 02/25/2035(A) |
|
|
2,281 |
|
|
|
253 |
|
FHLMC Multifamily Structured Pass-Through Certificates, Ser 1516, Cl X1, IO |
|
|
|
|
|
|
|
|
1.510%, 05/25/2035(A) |
|
|
842 |
|
|
|
100 |
|
FHLMC Multifamily Structured Pass-Through Certificates, Ser K118, Cl X1, IO |
|
|
|
|
|
|
|
|
0.956%, 09/25/2030(A) |
|
|
13,618 |
|
|
|
661 |
|
FHLMC Multifamily Structured Pass-Through Certificates, Ser K-1517, Cl X1, IO |
|
|
|
|
|
|
|
|
1.323%, 07/25/2035(A) |
|
|
235 |
|
|
|
24 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
FHLMC Multifamily Structured Pass-Through Certificates, Ser K740, Cl X1, IO |
|
|
|
|
|
|
|
|
0.741%, 09/25/2027(A) |
|
$ |
7,845 |
|
|
$ |
169 |
|
FHLMC Multifamily Structured Pass-Through Certificates, Ser KG06, Cl X1, IO |
|
|
|
|
|
|
|
|
0.532%, 10/25/2031(A) |
|
|
6,492 |
|
|
|
205 |
|
FHLMC STACR REMIC Trust, Ser 2021-DNA6, Cl M2 |
|
|
|
|
|
|
|
|
6.820%, SOFR30A + 1.500%, 10/25/2041(A)(B) |
|
|
230 |
|
|
|
230 |
|
FHLMC STACR REMIC Trust, Ser 2022-DNA1, Cl M1B |
|
|
|
|
|
|
|
|
7.170%, SOFR30A + 1.850%, 01/25/2042(A)(B) |
|
|
420 |
|
|
|
422 |
|
FHLMC STACR REMIC Trust, Ser 2022-DNA2, Cl M1A |
|
|
|
|
|
|
|
|
6.620%, SOFR30A + 1.300%, 02/25/2042(A)(B) |
|
|
56 |
|
|
|
56 |
|
FHLMC STACR REMIC Trust, Ser 2022-DNA4, Cl M1A |
|
|
|
|
|
|
|
|
7.520%, SOFR30A + 2.200%, 05/25/2042(A)(B) |
|
|
205 |
|
|
|
208 |
|
FHLMC, Ser 2014-334, Cl S7, IO |
|
|
|
|
|
|
|
|
0.667%, 08/15/2044(A) |
|
|
19 |
|
|
|
2 |
|
FHLMC, Ser 2014-4391, Cl MZ |
|
|
|
|
|
|
|
|
3.000%, 09/15/2044 |
|
|
133 |
|
|
|
115 |
|
FHLMC, Ser 2016-353, Cl S1, IO |
|
|
|
|
|
|
|
|
0.567%, 12/15/2046(A) |
|
|
60 |
|
|
|
6 |
|
FHLMC, Ser 2018-4813, Cl CJ |
|
|
|
|
|
|
|
|
3.000%, 08/15/2048 |
|
|
27 |
|
|
|
23 |
|
FHLMC, Ser 2020-4980, Cl KI, IO |
|
|
|
|
|
|
|
|
4.500%, 06/25/2050 |
|
|
445 |
|
|
|
101 |
|
FHLMC, Ser 2020-5010, Cl IK, IO |
|
|
|
|
|
|
|
|
2.500%, 09/25/2050 |
|
|
324 |
|
|
|
48 |
|
FHLMC, Ser 2020-5010, Cl JI, IO |
|
|
|
|
|
|
|
|
2.500%, 09/25/2050 |
|
|
231 |
|
|
|
37 |
|
FHLMC, Ser 2020-5013, Cl IN, IO |
|
|
|
|
|
|
|
|
2.500%, 09/25/2050 |
|
|
79 |
|
|
|
13 |
|
FHLMC, Ser 2020-5018, Cl MI, IO |
|
|
|
|
|
|
|
|
2.000%, 10/25/2050 |
|
|
81 |
|
|
|
11 |
|
FHLMC, Ser 2021-5071, Cl IH, IO |
|
|
|
|
|
|
|
|
2.500%, 02/25/2051 |
|
|
485 |
|
|
|
63 |
|
FHLMC, Ser 2022-5224, Cl HL |
|
|
|
|
|
|
|
|
4.000%, 04/25/2052 |
|
|
300 |
|
|
|
269 |
|
FHLMC, Ser 2023-5293, Cl IO, IO |
|
|
|
|
|
|
|
|
2.000%, 03/25/2051 |
|
|
929 |
|
|
|
114 |
|
FNMA |
|
|
|
|
|
|
|
|
7.000%, 11/01/2037 to 11/01/2038 |
|
|
11 |
|
|
|
12 |
|
6.500%, 01/01/2038 to 03/01/2054 |
|
|
738 |
|
|
|
760 |
|
6.393%, 01/01/2036(A) |
|
|
19 |
|
|
|
19 |
|
6.246%, US0012M + 1.700%, 03/01/2036(A) |
|
|
17 |
|
|
|
17 |
|
6.000%, 07/01/2041 to 07/01/2053 |
|
|
930 |
|
|
|
948 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
5.625%, US0012M + 1.423%, 05/01/2043(A) |
|
$ |
119 |
|
|
$ |
119 |
|
5.500%, 02/01/2035 to 10/01/2053 |
|
|
3,501 |
|
|
|
3,498 |
|
5.000%, 11/01/2025 to 08/01/2053 |
|
|
5,143 |
|
|
|
5,105 |
|
4.680%, 07/01/2033 |
|
|
100 |
|
|
|
100 |
|
4.500%, 02/01/2035 to 08/01/2058 |
|
|
4,512 |
|
|
|
4,380 |
|
4.000%, 06/01/2025 to 06/01/2057 |
|
|
7,283 |
|
|
|
6,884 |
|
3.500%, 04/01/2033 to 03/01/2057 |
|
|
9,585 |
|
|
|
8,787 |
|
3.000%, 07/01/2035 to 06/01/2052 |
|
|
8,942 |
|
|
|
7,921 |
|
2.500%, 03/01/2035 to 09/01/2061 |
|
|
13,427 |
|
|
|
11,472 |
|
2.000%, 07/01/2031 to 04/01/2052 |
|
|
9,659 |
|
|
|
7,997 |
|
1.500%, 11/01/2041 to 03/01/2051 |
|
|
554 |
|
|
|
429 |
|
FNMA CMO, Ser 2003-W2, Cl 2A9 |
|
|
|
|
|
|
|
|
5.900%, 07/25/2042 |
|
|
252 |
|
|
|
249 |
|
FNMA CMO, Ser 2012-93, Cl UI, IO |
|
|
|
|
|
|
|
|
3.000%, 09/25/2027 |
|
|
76 |
|
|
|
2 |
|
FNMA CMO, Ser 2014-47, Cl AI, IO |
|
|
|
|
|
|
|
|
0.221%, 08/25/2044(A) |
|
|
94 |
|
|
|
4 |
|
FNMA CMO, Ser 2015-55, Cl IO, IO |
|
|
|
|
|
|
|
|
0.000%, 08/25/2055(A) |
|
|
10 |
|
|
|
– |
|
FNMA CMO, Ser 2015-56, Cl AS, IO |
|
|
|
|
|
|
|
|
0.715%, 08/25/2045(A) |
|
|
26 |
|
|
|
3 |
|
FNMA Interest, Ser 2012-409, Cl C18, IO |
|
|
|
|
|
|
|
|
4.000%, 04/25/2042 |
|
|
7 |
|
|
|
1 |
|
FNMA TBA |
|
|
|
|
|
|
|
|
6.500%, 04/15/2054 |
|
|
100 |
|
|
|
102 |
|
6.000%, 04/15/2054 |
|
|
100 |
|
|
|
101 |
|
5.000%, 04/15/2054 |
|
|
700 |
|
|
|
683 |
|
4.500%, 04/15/2054 |
|
|
400 |
|
|
|
381 |
|
3.000%, 04/15/2054 |
|
|
700 |
|
|
|
602 |
|
FNMA, Ser 2005-29, Cl ZA |
|
|
|
|
|
|
|
|
5.500%, 04/25/2035 |
|
|
73 |
|
|
|
75 |
|
FNMA, Ser 2012-101, Cl BI, IO |
|
|
|
|
|
|
|
|
4.000%, 09/25/2027 |
|
|
1 |
|
|
|
– |
|
FNMA, Ser 2012-118, Cl VZ |
|
|
|
|
|
|
|
|
3.000%, 11/25/2042 |
|
|
127 |
|
|
|
113 |
|
FNMA, Ser 2013-124, Cl SB, IO |
|
|
|
|
|
|
|
|
0.515%, 12/25/2043(A) |
|
|
20 |
|
|
|
2 |
|
FNMA, Ser 2013-26, Cl HI, IO |
|
|
|
|
|
|
|
|
3.000%, 04/25/2032 |
|
|
1 |
|
|
|
– |
|
FNMA, Ser 2013-54, Cl BS, IO |
|
|
|
|
|
|
|
|
0.715%, 06/25/2043(A) |
|
|
16 |
|
|
|
2 |
|
FNMA, Ser 2013-73, Cl IA, IO |
|
|
|
|
|
|
|
|
3.000%, 09/25/2032 |
|
|
24 |
|
|
|
1 |
|
FNMA, Ser 2014-6, Cl Z |
|
|
|
|
|
|
|
|
2.500%, 02/25/2044 |
|
|
129 |
|
|
|
109 |
|
FNMA, Ser 2017-76, Cl SB, IO |
|
|
|
|
|
|
|
|
0.665%, 10/25/2057(A) |
|
|
113 |
|
|
|
13 |
|
FNMA, Ser 2017-85, Cl SC, IO |
|
|
|
|
|
|
|
|
0.765%, 11/25/2047(A) |
|
|
53 |
|
|
|
5 |
|
FNMA, Ser 2018-74, Cl AB |
|
|
|
|
|
|
|
|
3.500%, 10/25/2048 |
|
|
64 |
|
|
|
59 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
FNMA, Ser 2020-47, Cl GZ |
|
|
|
|
|
|
|
|
2.000%, 07/25/2050 |
|
$ |
108 |
|
|
$ |
64 |
|
FNMA, Ser 2020-56, Cl DI, IO |
|
|
|
|
|
|
|
|
2.500%, 08/25/2050 |
|
|
75 |
|
|
|
12 |
|
FNMA, Ser 2020-56, Cl AQ |
|
|
|
|
|
|
|
|
2.000%, 08/25/2050 |
|
|
200 |
|
|
|
155 |
|
FNMA, Ser 2020-57, Cl TA |
|
|
|
|
|
|
|
|
2.000%, 04/25/2050 |
|
|
96 |
|
|
|
83 |
|
FNMA, Ser 2020-96, Cl IN, IO |
|
|
|
|
|
|
|
|
3.000%, 01/25/2051 |
|
|
691 |
|
|
|
115 |
|
FNMA, Ser 2021-1, Cl IG, IO |
|
|
|
|
|
|
|
|
2.500%, 02/25/2051 |
|
|
409 |
|
|
|
66 |
|
FNMA, Ser 2021-61, Cl KI, IO |
|
|
|
|
|
|
|
|
2.500%, 04/25/2049 |
|
|
516 |
|
|
|
71 |
|
FNMA, Ser 2023-2, Cl CI, IO |
|
|
|
|
|
|
|
|
2.000%, 10/25/2050 |
|
|
931 |
|
|
|
114 |
|
FRESB Mortgage Trust, Ser 2018-SB48, Cl A10F |
|
|
|
|
|
|
|
|
3.354%, 02/25/2028(A) |
|
|
381 |
|
|
|
357 |
|
FRESB Mortgage Trust, Ser 2019-SB58, Cl A10F |
|
|
|
|
|
|
|
|
3.610%, 10/25/2028(A) |
|
|
514 |
|
|
|
485 |
|
GNMA |
|
|
|
|
|
|
|
|
6.500%, 09/20/2053 to 11/20/2053 |
|
|
197 |
|
|
|
201 |
|
6.000%, 09/20/2053 to 01/20/2054 |
|
|
685 |
|
|
|
697 |
|
5.500%, 02/20/2037 to 08/20/2053 |
|
|
1,868 |
|
|
|
1,875 |
|
5.000%, 12/20/2038 to 08/20/2053 |
|
|
2,337 |
|
|
|
2,313 |
|
4.600%, 09/15/2034 |
|
|
822 |
|
|
|
808 |
|
4.500%, 05/20/2040 to 09/20/2052 |
|
|
2,129 |
|
|
|
2,078 |
|
4.000%, 01/15/2041 to 06/20/2052 |
|
|
1,811 |
|
|
|
1,717 |
|
3.500%, 06/20/2044 to 06/20/2052 |
|
|
1,758 |
|
|
|
1,612 |
|
3.000%, 09/15/2042 to 04/20/2052 |
|
|
2,171 |
|
|
|
1,913 |
|
2.500%, 02/20/2027 to 12/20/2051 |
|
|
5,412 |
|
|
|
4,606 |
|
2.000%, 10/20/2050 to 03/20/2051 |
|
|
3,240 |
|
|
|
2,647 |
|
GNMA CMO, Ser 2012-34, Cl SA, IO |
|
|
|
|
|
|
|
|
0.607%, 03/20/2042(A) |
|
|
15 |
|
|
|
1 |
|
GNMA CMO, Ser 2012-H18, Cl NA |
|
|
|
|
|
|
|
|
5.964%, US0001M + 0.520%, 08/20/2062(A) |
|
|
33 |
|
|
|
33 |
|
GNMA CMO, Ser 2012-H30, Cl GA |
|
|
|
|
|
|
|
|
5.794%, US0001M + 0.350%, 12/20/2062(A) |
|
|
132 |
|
|
|
132 |
|
GNMA CMO, Ser 2013-85, Cl IA, IO |
|
|
|
|
|
|
|
|
0.525%, 03/16/2047(A) |
|
|
269 |
|
|
|
2 |
|
GNMA CMO, Ser 2013-95, Cl IO, IO |
|
|
|
|
|
|
|
|
0.390%, 04/16/2047(A) |
|
|
658 |
|
|
|
6 |
|
GNMA CMO, Ser 2013-H01, Cl TA |
|
|
|
|
|
|
|
|
5.944%, US0001M + 0.500%, 01/20/2063(A) |
|
|
1 |
|
|
|
1 |
|
GNMA CMO, Ser 2013-H08, Cl BF |
|
|
|
|
|
|
|
|
5.844%, US0001M + 0.400%, 03/20/2063(A) |
|
|
199 |
|
|
|
198 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
GNMA CMO, Ser 2014-105, Cl IO, IO |
|
|
|
|
|
|
|
|
0.126%, 06/16/2054(A) |
|
$ |
45 |
|
|
$ |
– |
|
GNMA CMO, Ser 2014-186, Cl IO, IO |
|
|
|
|
|
|
|
|
0.371%, 08/16/2054(A) |
|
|
198 |
|
|
|
2 |
|
GNMA CMO, Ser 2015-H20, Cl FA |
|
|
|
|
|
|
|
|
5.914%, US0001M + 0.470%, 08/20/2065(A) |
|
|
155 |
|
|
|
155 |
|
GNMA TBA |
|
|
|
|
|
|
|
|
5.500%, 04/15/2054 |
|
|
400 |
|
|
|
400 |
|
5.000%, 04/15/2054 |
|
|
500 |
|
|
|
491 |
|
4.500%, 04/15/2054 |
|
|
600 |
|
|
|
577 |
|
GNMA, Ser 103, Cl AD |
|
|
|
|
|
|
|
|
1.450%, 01/16/2063 |
|
|
116 |
|
|
|
87 |
|
GNMA, Ser 108, Cl IO, IO |
|
|
|
|
|
|
|
|
0.967%, 06/16/2061(A) |
|
|
3,282 |
|
|
|
233 |
|
GNMA, Ser 113, Cl Z |
|
|
|
|
|
|
|
|
2.000%, 09/16/2061 |
|
|
2,278 |
|
|
|
1,245 |
|
GNMA, Ser 2013-107, Cl AD |
|
|
|
|
|
|
|
|
2.833%, 11/16/2047(A) |
|
|
36 |
|
|
|
32 |
|
GNMA, Ser 2013-H21, Cl FB |
|
|
|
|
|
|
|
|
6.144%, US0001M + 0.700%, 09/20/2063(A) |
|
|
67 |
|
|
|
67 |
|
GNMA, Ser 2015-167, Cl OI, IO |
|
|
|
|
|
|
|
|
4.000%, 04/16/2045 |
|
|
41 |
|
|
|
8 |
|
GNMA, Ser 2018-168, Cl PA |
|
|
|
|
|
|
|
|
4.000%, 08/20/2048 |
|
|
41 |
|
|
|
39 |
|
GNMA, Ser 2020-123, Cl NI, IO |
|
|
|
|
|
|
|
|
2.500%, 08/20/2050 |
|
|
72 |
|
|
|
10 |
|
GNMA, Ser 2020-127, Cl IN, IO |
|
|
|
|
|
|
|
|
2.500%, 08/20/2050 |
|
|
71 |
|
|
|
9 |
|
GNMA, Ser 2020-129, Cl IE, IO |
|
|
|
|
|
|
|
|
2.500%, 09/20/2050 |
|
|
74 |
|
|
|
10 |
|
GNMA, Ser 2020-160, Cl YI, IO |
|
|
|
|
|
|
|
|
2.500%, 10/20/2050 |
|
|
149 |
|
|
|
20 |
|
GNMA, Ser 2020-175, Cl GI, IO |
|
|
|
|
|
|
|
|
2.000%, 11/20/2050 |
|
|
283 |
|
|
|
30 |
|
GNMA, Ser 2020-181, Cl WI, IO |
|
|
|
|
|
|
|
|
2.000%, 12/20/2050 |
|
|
354 |
|
|
|
39 |
|
GNMA, Ser 2020-H04, Cl FP |
|
|
|
|
|
|
|
|
5.944%, US0001M + 0.500%, 06/20/2069(A) |
|
|
105 |
|
|
|
105 |
|
GNMA, Ser 2020-H09, Cl FL |
|
|
|
|
|
|
|
|
6.594%, US0001M + 1.150%, 05/20/2070(A) |
|
|
61 |
|
|
|
61 |
|
GNMA, Ser 2020-H13, Cl FM |
|
|
|
|
|
|
|
|
5.844%, US0001M + 0.400%, 08/20/2070(A) |
|
|
141 |
|
|
|
139 |
|
GNMA, Ser 2020-H13, Cl FA |
|
|
|
|
|
|
|
|
5.894%, US0001M + 0.450%, 07/20/2070(A) |
|
|
370 |
|
|
|
361 |
|
GNMA, Ser 2021-176, Cl IN, IO |
|
|
|
|
|
|
|
|
2.500%, 10/20/2051 |
|
|
1,161 |
|
|
|
158 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
GNMA, Ser 2021-188, Cl PA |
|
|
|
|
|
|
|
|
2.000%, 10/20/2051 |
|
$ |
206 |
|
|
$ |
169 |
|
GNMA, Ser 2021-57, Cl BI, IO |
|
|
|
|
|
|
|
|
3.000%, 03/20/2051 |
|
|
1,303 |
|
|
|
207 |
|
GNMA, Ser 2021-96, Cl VI, IO |
|
|
|
|
|
|
|
|
2.500%, 06/20/2051 |
|
|
1,165 |
|
|
|
155 |
|
GNMA, Ser 2022-189, Cl PT |
|
|
|
|
|
|
|
|
2.500%, 10/20/2051 |
|
|
184 |
|
|
|
153 |
|
GNMA, Ser 220, Cl E |
|
|
|
|
|
|
|
|
3.000%, 10/16/2064(A) |
|
|
100 |
|
|
|
74 |
|
GNMA, Ser 3, Cl IO, IO |
|
|
|
|
|
|
|
|
0.640%, 02/16/2061(A) |
|
|
960 |
|
|
|
47 |
|
GNMA, Ser 82, Cl Z |
|
|
|
|
|
|
|
|
2.000%, 02/16/2064 |
|
|
207 |
|
|
|
113 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
120,149 |
|
Non-Agency Mortgage-Backed Obligations — 6.9% |
|
|
|
|
280 Park Avenue Mortgage Trust, Ser 2017-280P, Cl A |
|
|
|
|
|
|
|
|
6.498%, US0001M + 0.880%, 09/15/2034(A)(B) |
|
|
130 |
|
|
|
128 |
|
BANK 2021-BNK36, Ser BN36, Cl A5 |
|
|
|
|
|
|
|
|
2.470%, 09/15/2064 |
|
|
390 |
|
|
|
328 |
|
BANK 2022-BNK42, Ser BNK42, Cl A5 |
|
|
|
|
|
|
|
|
4.493%, 06/15/2055(A) |
|
|
340 |
|
|
|
326 |
|
BANK5 2023-5YR3, Ser 5YR3, Cl A2 |
|
|
|
|
|
|
|
|
6.255%, 09/15/2056 |
|
|
400 |
|
|
|
414 |
|
Benchmark Mortgage Trust, Ser 2021-B26, Cl A3 |
|
|
|
|
|
|
|
|
2.391%, 06/15/2054 |
|
|
604 |
|
|
|
534 |
|
BPR Trust, Ser TY, Cl B |
|
|
|
|
|
|
|
|
6.590%, US0001M + 1.150%, 09/15/2038(A)(B) |
|
|
370 |
|
|
|
365 |
|
BRAVO Residential Funding Trust, Ser 2021-NQM2, Cl A1 |
|
|
|
|
|
|
|
|
0.970%, 03/25/2060(A)(B) |
|
|
22 |
|
|
|
20 |
|
BRAVO Residential Funding Trust, Ser 2022-NQM3, Cl A1 |
|
|
|
|
|
|
|
|
5.108%, 07/25/2062(A)(B) |
|
|
311 |
|
|
|
305 |
|
BX Commercial Mortgage Trust 2024-XL4, Ser XL4, Cl A |
|
|
|
|
|
|
|
|
6.767%, TSFR1M + 1.442%, 02/15/2039(A)(B) |
|
|
614 |
|
|
|
615 |
|
BX Commercial Mortgage Trust, Ser AHP, Cl A |
|
|
|
|
|
|
|
|
6.315%, TSFR1M + 0.990%, 01/17/2039(A)(B) |
|
|
630 |
|
|
|
624 |
|
BX Commercial Mortgage Trust, Ser LP2, Cl A |
|
|
|
|
|
|
|
|
6.338%, TSFR1M + 1.013%, 02/15/2039(A)(B) |
|
|
330 |
|
|
|
328 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
BX Commercial Mortgage Trust, Ser VOLT, Cl A |
|
|
|
|
|
|
|
|
6.140%, US0001M + 0.700%, 09/15/2036(A)(B) |
|
$ |
635 |
|
|
$ |
630 |
|
BX Trust, Ser CLS, Cl A |
|
|
|
|
|
|
|
|
5.760%, 10/13/2027(B) |
|
|
534 |
|
|
|
536 |
|
BX Trust, Ser LBA6, Cl A |
|
|
|
|
|
|
|
|
6.325%, TSFR1M + 1.000%, 01/15/2039(A)(B) |
|
|
110 |
|
|
|
109 |
|
CAMB Commercial Mortgage Trust, Ser LIFE, Cl A |
|
|
|
|
|
|
|
|
6.693%, US0001M + 1.070%, 12/15/2037(A)(B) |
|
|
110 |
|
|
|
110 |
|
Citigroup Commercial Mortgage Trust, Ser 2013-375P, Cl A |
|
|
|
|
|
|
|
|
3.251%, 05/10/2035(B) |
|
|
180 |
|
|
|
173 |
|
Citigroup Commercial Mortgage Trust, Ser 2014-GC25, Cl AS |
|
|
|
|
|
|
|
|
4.017%, 10/10/2047 |
|
|
100 |
|
|
|
98 |
|
Citigroup Commercial Mortgage Trust, Ser 2016-P6, Cl AAB |
|
|
|
|
|
|
|
|
3.512%, 12/10/2049 |
|
|
458 |
|
|
|
446 |
|
COLT Mortgage Loan Trust, Ser 2022-2, Cl A1 |
|
|
|
|
|
|
|
|
2.994%, 02/25/2067(B)(C) |
|
|
76 |
|
|
|
69 |
|
Connecticut Avenue Securities Trust, Ser 2021-R03, Cl 1M2 |
|
|
|
|
|
|
|
|
6.970%, SOFR30A + 1.650%, 12/25/2041(A)(B) |
|
|
440 |
|
|
|
442 |
|
CSMC Trust, Ser 2018-J1, Cl A2 |
|
|
|
|
|
|
|
|
3.500%, 02/25/2048(A)(B) |
|
|
261 |
|
|
|
230 |
|
CSMC Trust, Ser 2019-NQM1, Cl A3 |
|
|
|
|
|
|
|
|
4.064%, 10/25/2059(B)(C) |
|
|
108 |
|
|
|
105 |
|
CSMC Trust, Ser 2021-NQM3, Cl A3 |
|
|
|
|
|
|
|
|
1.632%, 04/25/2066(A)(B) |
|
|
144 |
|
|
|
119 |
|
CSMC Trust, Ser 2021-NQM5, Cl A1 |
|
|
|
|
|
|
|
|
0.938%, 05/25/2066(A)(B) |
|
|
115 |
|
|
|
92 |
|
CSMC Trust, Ser 2021-NQM7, Cl A1 |
|
|
|
|
|
|
|
|
1.756%, 10/25/2066(A)(B) |
|
|
95 |
|
|
|
80 |
|
CSMC Trust, Ser 2021-RPL3, Cl M3 |
|
|
|
|
|
|
|
|
3.957%, 01/25/2060(A)(B) |
|
|
120 |
|
|
|
95 |
|
CSMC Trust, Ser 2021-RPL6, Cl A1 |
|
|
|
|
|
|
|
|
2.000%, 10/25/2060(A)(B) |
|
|
117 |
|
|
|
102 |
|
CSMC Trust, Ser 2022-NQM1, Cl A1 |
|
|
|
|
|
|
|
|
2.265%, 11/25/2066(A)(B) |
|
|
348 |
|
|
|
303 |
|
DC Commercial Mortgage Trust 2023-DC, Ser DC, Cl A |
|
|
|
|
|
|
|
|
6.314%, 09/12/2040(B) |
|
|
410 |
|
|
|
419 |
|
Deephaven Residential Mortgage Trust, Ser 2022-1, Cl A1 |
|
|
|
|
|
|
|
|
2.205%, 01/25/2067(A)(B) |
|
|
258 |
|
|
|
231 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
Ellington Financial Mortgage Trust, Ser 2021-2, Cl A1 |
|
|
|
|
|
|
|
|
0.931%, 06/25/2066(A)(B) |
|
$ |
273 |
|
|
$ |
219 |
|
Ellington Financial Mortgage Trust, Ser 2022-1, Cl A1 |
|
|
|
|
|
|
|
|
2.206%, 01/25/2067(A)(B) |
|
|
88 |
|
|
|
75 |
|
GS Mortgage Securities II, Ser 2018-SRP5, Cl A |
|
|
|
|
|
|
|
|
7.173%, US0001M + 1.800%, 09/15/2031(A)(B) |
|
|
223 |
|
|
|
145 |
|
GS Mortgage Securities II, Ser 2018-SRP5, Cl B |
|
|
|
|
|
|
|
|
8.373%, US0001M + 3.000%, 09/15/2031(A)(B) |
|
|
383 |
|
|
|
94 |
|
GS Mortgage Securities Trust, Ser 2014-GC24, Cl A5 |
|
|
|
|
|
|
|
|
3.931%, 09/10/2047 |
|
|
419 |
|
|
|
415 |
|
GS Mortgage Securities Trust, Ser 2019-GC39, Cl A2 |
|
|
|
|
|
|
|
|
3.457%, 05/10/2052 |
|
|
269 |
|
|
|
263 |
|
GS Mortgage-Backed Securities Trust, Ser 2018-RPL1, Cl A1A |
|
|
|
|
|
|
|
|
3.750%, 10/25/2057(B) |
|
|
117 |
|
|
|
112 |
|
HarborView Mortgage Loan Trust, Ser 2005-9, Cl 2A1B |
|
|
|
|
|
|
|
|
6.183%, US0001M + 0.740%, 06/20/2035(A) |
|
|
127 |
|
|
|
116 |
|
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2015-FL7, Cl D |
|
|
|
|
|
|
|
|
9.193%, US0001M + 3.750%, 05/15/2028(A)(B) |
|
|
115 |
|
|
|
99 |
|
JPMorgan Chase Commercial Mortgage Securities Trust, Ser ACB, Cl A |
|
|
|
|
|
|
|
|
6.719%, SOFR30A + 1.400%, 03/15/2039(A)(B) |
|
|
300 |
|
|
|
299 |
|
JPMorgan Commercial Mortgage Securities Trust, Ser 2014-C25, Cl A5 |
|
|
|
|
|
|
|
|
3.672%, 11/15/2047 |
|
|
578 |
|
|
|
567 |
|
JPMorgan Mortgage Trust, Ser 2018-3, Cl A1 |
|
|
|
|
|
|
|
|
3.500%, 09/25/2048(A)(B) |
|
|
82 |
|
|
|
72 |
|
MAD Mortgage Trust, Ser 2017-330M, Cl A |
|
|
|
|
|
|
|
|
3.082%, 08/15/2034(A)(B) |
|
|
220 |
|
|
|
203 |
|
Mill City Mortgage Loan Trust, Ser 2019-1, Cl A1 |
|
|
|
|
|
|
|
|
3.250%, 10/25/2069(A)(B) |
|
|
139 |
|
|
|
133 |
|
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C24, Cl A4 |
|
|
|
|
|
|
|
|
3.732%, 05/15/2048 |
|
|
473 |
|
|
|
459 |
|
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C25, Cl A5 |
|
|
|
|
|
|
|
|
3.635%, 10/15/2048 |
|
|
510 |
|
|
|
495 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
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 |
|
$ |
398 |
|
|
$ |
385 |
|
Morgan Stanley Bank of America Merrill Lynch Trust, Ser C30, Cl A4 |
|
|
|
|
|
|
|
|
2.600%, 09/15/2049 |
|
|
399 |
|
|
|
379 |
|
Morgan Stanley Bank of America Merrill Lynch Trust, Ser C33, Cl A5 |
|
|
|
|
|
|
|
|
3.599%, 05/15/2050 |
|
|
170 |
|
|
|
161 |
|
MTN Commercial Mortgage Trust, Ser LPFL, Cl A |
|
|
|
|
|
|
|
|
6.727%, TSFR1M + 1.397%, 03/15/2039(A)(B) |
|
|
410 |
|
|
|
406 |
|
Natixis Commercial Mortgage Securities Trust, Ser 2019-FAME, Cl B |
|
|
|
|
|
|
|
|
3.655%, 08/15/2036(B) |
|
|
410 |
|
|
|
323 |
|
New Residential Mortgage Loan Trust, Ser 2018-RPL1, Cl M2 |
|
|
|
|
|
|
|
|
3.500%, 12/25/2057(A)(B) |
|
|
240 |
|
|
|
200 |
|
New Residential Mortgage Loan Trust, Ser 2019-6A, Cl B1 |
|
|
|
|
|
|
|
|
4.000%, 09/25/2059(A)(B) |
|
|
187 |
|
|
|
175 |
|
New Residential Mortgage Loan Trust, Ser 2019-6A, Cl B2 |
|
|
|
|
|
|
|
|
4.250%, 09/25/2059(A)(B) |
|
|
187 |
|
|
|
175 |
|
New Residential Mortgage Loan Trust, Ser 2019-NQM4, Cl A1 |
|
|
|
|
|
|
|
|
2.492%, 09/25/2059(A)(B) |
|
|
80 |
|
|
|
73 |
|
New Residential Mortgage Loan Trust, Ser 2021-NQM3, Cl A1 |
|
|
|
|
|
|
|
|
1.156%, 11/27/2056(A)(B) |
|
|
88 |
|
|
|
74 |
|
New Residential Mortgage Loan Trust, Ser 2021-NQM3, Cl A3 |
|
|
|
|
|
|
|
|
1.516%, 11/27/2056(A)(B) |
|
|
57 |
|
|
|
48 |
|
New Residential Mortgage Loan Trust, Ser 2022-NQM4, Cl A1 |
|
|
|
|
|
|
|
|
5.000%, 06/25/2062(B)(C) |
|
|
318 |
|
|
|
313 |
|
OBX Trust, Ser 2021-NQM2, Cl A3 |
|
|
|
|
|
|
|
|
1.563%, 05/25/2061(A)(B) |
|
|
190 |
|
|
|
151 |
|
OBX Trust, Ser 2021-NQM2, Cl A1 |
|
|
|
|
|
|
|
|
1.101%, 05/25/2061(A)(B) |
|
|
230 |
|
|
|
183 |
|
OBX Trust, Ser 2021-NQM3, Cl A1 |
|
|
|
|
|
|
|
|
1.054%, 07/25/2061(A)(B) |
|
|
133 |
|
|
|
103 |
|
OBX Trust, Ser 2022-NQM1, Cl A1 |
|
|
|
|
|
|
|
|
2.305%, 11/25/2061(A)(B) |
|
|
322 |
|
|
|
276 |
|
Onslow Bay Mortgage Loan Trust, Ser 2021-NQM4, Cl A1 |
|
|
|
|
|
|
|
|
1.957%, 10/25/2061(A)(B) |
|
|
210 |
|
|
|
173 |
|
PRKCM Trust, Ser 2021-AFC1, Cl A1 |
|
|
|
|
|
|
|
|
1.510%, 08/25/2056(A)(B) |
|
|
181 |
|
|
|
144 |
|
PRKCM Trust, Ser 2021-AFC2, Cl A1 |
|
|
|
|
|
|
|
|
2.071%, 11/25/2056(A)(B) |
|
|
130 |
|
|
|
110 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
Residential Mortgage Loan Trust, Ser 2019-3, Cl A2 |
|
|
|
|
|
|
|
|
2.941%, 09/25/2059(A)(B) |
|
$ |
21 |
|
|
$ |
21 |
|
Residential Mortgage Loan Trust, Ser 2019-3, Cl A3 |
|
|
|
|
|
|
|
|
3.044%, 09/25/2059(A)(B) |
|
|
21 |
|
|
|
21 |
|
Residential Mortgage Loan Trust, Ser 2020-2, Cl A1 |
|
|
|
|
|
|
|
|
1.654%, 05/25/2060(A)(B) |
|
|
22 |
|
|
|
22 |
|
Sabey Data Center Issuer, Ser 2020-1, Cl A2 |
|
|
|
|
|
|
|
|
3.812%, 04/20/2045(B) |
|
|
339 |
|
|
|
328 |
|
Sabey Data Center Issuer, Ser 2021-1, Cl A2 |
|
|
|
|
|
|
|
|
1.881%, 06/20/2046(B) |
|
|
1,027 |
|
|
|
926 |
|
Seasoned Credit Risk Transfer Trust, Ser 2017-2, Cl MA |
|
|
|
|
|
|
|
|
3.000%, 08/25/2056 |
|
|
179 |
|
|
|
164 |
|
Seasoned Credit Risk Transfer Trust, Ser 2018-4, Cl MA |
|
|
|
|
|
|
|
|
3.500%, 03/25/2058 |
|
|
449 |
|
|
|
421 |
|
Seasoned Credit Risk Transfer Trust, Ser 2019-1, Cl MA |
|
|
|
|
|
|
|
|
3.500%, 07/25/2058 |
|
|
368 |
|
|
|
346 |
|
Seasoned Credit Risk Transfer Trust, Ser 2019-2, Cl MA |
|
|
|
|
|
|
|
|
3.500%, 08/25/2058 |
|
|
518 |
|
|
|
484 |
|
Seasoned Credit Risk Transfer Trust, Ser 2019-4, Cl MA |
|
|
|
|
|
|
|
|
3.000%, 02/25/2059 |
|
|
685 |
|
|
|
622 |
|
Seasoned Credit Risk Transfer Trust, Ser 2020-2, Cl MA |
|
|
|
|
|
|
|
|
2.000%, 11/25/2059 |
|
|
247 |
|
|
|
216 |
|
Seasoned Credit Risk Transfer Trust, Ser 2022-1, Cl MAU |
|
|
|
|
|
|
|
|
3.250%, 11/25/2061 |
|
|
842 |
|
|
|
754 |
|
SG Residential Mortgage Trust, Ser 2022-1, Cl A1 |
|
|
|
|
|
|
|
|
3.166%, 03/27/2062(A)(B) |
|
|
357 |
|
|
|
324 |
|
Shops at Crystals Trust, Ser 2016-CSTL, Cl A |
|
|
|
|
|
|
|
|
3.126%, 07/05/2036(B) |
|
|
100 |
|
|
|
94 |
|
SLG Office Trust, Ser 2021-OVA, Cl A |
|
|
|
|
|
|
|
|
2.585%, 07/15/2041(B) |
|
|
510 |
|
|
|
422 |
|
Store Master Funding I-VII, Ser 2018-1A, Cl A1 |
|
|
|
|
|
|
|
|
3.960%, 10/20/2048(B) |
|
|
361 |
|
|
|
356 |
|
Store Master Funding I-VII, Ser 2019-1, Cl A1 |
|
|
|
|
|
|
|
|
2.820%, 11/20/2049(B) |
|
|
314 |
|
|
|
289 |
|
Towd Point Mortgage Trust, Ser 2019-HY2, Cl M2 |
|
|
|
|
|
|
|
|
7.344%, US0001M + 1.900%, 05/25/2058(A)(B) |
|
|
100 |
|
|
|
105 |
|
UBS Commercial Mortgage Trust 2019-C16, Ser C16, Cl ASB |
|
|
|
|
|
|
|
|
3.460%, 04/15/2052 |
|
|
280 |
|
|
|
268 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MORTGAGE-BACKED SECURITIES (continued) |
Wells Fargo Commercial Mortgage Trust, Ser 2015-NXS3, Cl ASB |
|
|
|
|
|
|
|
|
3.371%, 09/15/2057 |
|
$ |
54 |
|
|
$ |
53 |
|
Wells Fargo Commercial Mortgage Trust, Ser C29, Cl A4 |
|
|
|
|
|
|
|
|
3.637%, 06/15/2048 |
|
|
606 |
|
|
|
591 |
|
Wells Fargo Commercial Mortgage Trust, Ser C38, Cl A5 |
|
|
|
|
|
|
|
|
3.453%, 07/15/2050 |
|
|
180 |
|
|
|
169 |
|
WFRBS Commercial Mortgage Trust, Ser 2014-C23, Cl B |
|
|
|
|
|
|
|
|
4.388%, 10/15/2057(A) |
|
|
270 |
|
|
|
236 |
|
WFRBS Commercial Mortgage Trust, Ser 2014-C23, Cl XA, IO |
|
|
|
|
|
|
|
|
0.543%, 10/15/2057(A) |
|
|
876 |
|
|
|
– |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
23,226 |
|
Total Mortgage-Backed Securities |
|
|
|
|
|
|
|
|
(Cost $155,788) ($ Thousands) |
|
|
|
|
|
|
143,375 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
CORPORATE OBLIGATIONS — 26.5% |
Communication Services — 1.8% |
|
|
|
|
Alphabet |
|
|
|
|
|
|
|
|
1.900%, 08/15/2040 |
|
|
40 |
|
|
|
27 |
|
1.100%, 08/15/2030 |
|
|
40 |
|
|
|
32 |
|
0.450%, 08/15/2025 |
|
|
20 |
|
|
|
19 |
|
AT&T |
|
|
|
|
|
|
|
|
4.250%, 03/01/2027 |
|
|
150 |
|
|
|
147 |
|
2.550%, 12/01/2033 |
|
|
472 |
|
|
|
378 |
|
2.300%, 06/01/2027 |
|
|
120 |
|
|
|
111 |
|
Charter Communications Operating |
|
|
|
|
|
|
|
|
5.050%, 03/30/2029 |
|
|
220 |
|
|
|
212 |
|
4.908%, 07/23/2025 |
|
|
490 |
|
|
|
484 |
|
4.400%, 04/01/2033 |
|
|
110 |
|
|
|
97 |
|
3.750%, 02/15/2028 |
|
|
200 |
|
|
|
186 |
|
Comcast |
|
|
|
|
|
|
|
|
4.250%, 10/15/2030 |
|
|
40 |
|
|
|
39 |
|
4.150%, 10/15/2028 |
|
|
250 |
|
|
|
244 |
|
3.950%, 10/15/2025 |
|
|
210 |
|
|
|
206 |
|
3.750%, 04/01/2040 |
|
|
20 |
|
|
|
17 |
|
3.450%, 02/01/2050 |
|
|
40 |
|
|
|
29 |
|
3.400%, 04/01/2030 |
|
|
140 |
|
|
|
129 |
|
3.300%, 04/01/2027 |
|
|
30 |
|
|
|
29 |
|
3.250%, 11/01/2039 |
|
|
30 |
|
|
|
24 |
|
3.150%, 03/01/2026 |
|
|
30 |
|
|
|
29 |
|
2.937%, 11/01/2056 |
|
|
27 |
|
|
|
17 |
|
2.800%, 01/15/2051 |
|
|
30 |
|
|
|
19 |
|
Fox |
|
|
|
|
|
|
|
|
4.709%, 01/25/2029 |
|
|
30 |
|
|
|
29 |
|
Prosus MTN |
|
|
|
|
|
|
|
|
3.061%, 07/13/2031 (B) |
|
|
410 |
|
|
|
334 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
T-Mobile USA |
|
|
|
|
|
|
|
|
5.150%, 04/15/2034 |
|
$ |
30 |
|
|
$ |
30 |
|
3.875%, 04/15/2030 |
|
|
390 |
|
|
|
365 |
|
3.750%, 04/15/2027 |
|
|
20 |
|
|
|
19 |
|
3.500%, 04/15/2025 |
|
|
150 |
|
|
|
147 |
|
3.375%, 04/15/2029 |
|
|
219 |
|
|
|
203 |
|
2.550%, 02/15/2031 |
|
|
190 |
|
|
|
162 |
|
2.050%, 02/15/2028 |
|
|
20 |
|
|
|
18 |
|
Verizon Communications |
|
|
|
|
|
|
|
|
5.500%, 02/23/2054 |
|
|
70 |
|
|
|
71 |
|
4.500%, 08/10/2033 |
|
|
20 |
|
|
|
19 |
|
4.000%, 03/22/2050 |
|
|
30 |
|
|
|
24 |
|
3.875%, 02/08/2029 |
|
|
30 |
|
|
|
29 |
|
3.850%, 11/01/2042 |
|
|
10 |
|
|
|
8 |
|
3.000%, 03/22/2027 |
|
|
120 |
|
|
|
114 |
|
2.650%, 11/20/2040 |
|
|
130 |
|
|
|
92 |
|
2.550%, 03/21/2031 |
|
|
799 |
|
|
|
682 |
|
2.355%, 03/15/2032 |
|
|
546 |
|
|
|
449 |
|
2.100%, 03/22/2028 |
|
|
90 |
|
|
|
81 |
|
Warnermedia Holdings |
|
|
|
|
|
|
|
|
6.412%, 03/15/2026 |
|
|
80 |
|
|
|
80 |
|
4.054%, 03/15/2029 |
|
|
447 |
|
|
|
419 |
|
3.755%, 03/15/2027 |
|
|
190 |
|
|
|
181 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
6,031 |
|
| |
|
|
|
|
|
|
|
|
Consumer Discretionary — 1.9% |
|
|
|
|
Amazon.com |
|
|
|
|
|
|
|
|
3.450%, 04/13/2029 |
|
|
160 |
|
|
|
153 |
|
3.300%, 04/13/2027 |
|
|
140 |
|
|
|
134 |
|
3.150%, 08/22/2027 |
|
|
470 |
|
|
|
448 |
|
1.200%, 06/03/2027 |
|
|
20 |
|
|
|
18 |
|
Aptiv |
|
|
|
|
|
|
|
|
3.250%, 03/01/2032 |
|
|
639 |
|
|
|
556 |
|
Ashtead Capital |
|
|
|
|
|
|
|
|
5.800%, 04/15/2034 (B) |
|
|
700 |
|
|
|
699 |
|
Ferguson Finance |
|
|
|
|
|
|
|
|
4.500%, 10/24/2028 (B) |
|
|
459 |
|
|
|
449 |
|
3.250%, 06/02/2030 (B) |
|
|
851 |
|
|
|
762 |
|
Ford Motor |
|
|
|
|
|
|
|
|
6.100%, 08/19/2032 |
|
|
90 |
|
|
|
91 |
|
General Motors |
|
|
|
|
|
|
|
|
5.600%, 10/15/2032 |
|
|
210 |
|
|
|
213 |
|
Home Depot |
|
|
|
|
|
|
|
|
3.900%, 12/06/2028 |
|
|
10 |
|
|
|
10 |
|
3.350%, 04/15/2050 |
|
|
50 |
|
|
|
37 |
|
3.300%, 04/15/2040 |
|
|
40 |
|
|
|
32 |
|
2.875%, 04/15/2027 |
|
|
170 |
|
|
|
161 |
|
2.500%, 04/15/2027 |
|
|
450 |
|
|
|
421 |
|
Honda Motor |
|
|
|
|
|
|
|
|
2.534%, 03/10/2027 |
|
|
632 |
|
|
|
592 |
|
Hyundai Capital America |
|
|
|
|
|
|
|
|
5.950%, 09/21/2026 (B) |
|
|
130 |
|
|
|
132 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
LKQ |
|
|
|
|
|
|
|
|
5.750%, 06/15/2028 |
|
$ |
682 |
|
|
$ |
694 |
|
Lowe's |
|
|
|
|
|
|
|
|
4.500%, 04/15/2030 |
|
|
30 |
|
|
|
29 |
|
1.700%, 09/15/2028 |
|
|
80 |
|
|
|
70 |
|
McDonald's MTN |
|
|
|
|
|
|
|
|
3.800%, 04/01/2028 |
|
|
280 |
|
|
|
270 |
|
3.700%, 01/30/2026 |
|
|
10 |
|
|
|
10 |
|
3.500%, 03/01/2027 |
|
|
20 |
|
|
|
19 |
|
3.500%, 07/01/2027 |
|
|
10 |
|
|
|
10 |
|
1.450%, 09/01/2025 |
|
|
10 |
|
|
|
9 |
|
NIKE |
|
|
|
|
|
|
|
|
2.750%, 03/27/2027 |
|
|
40 |
|
|
|
38 |
|
2.400%, 03/27/2025 |
|
|
40 |
|
|
|
39 |
|
Toyota Motor |
|
|
|
|
|
|
|
|
1.339%, 03/25/2026 |
|
|
210 |
|
|
|
196 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
6,292 |
|
| |
|
|
|
|
|
|
|
|
Consumer Staples — 0.5% |
|
|
|
|
Coca-Cola |
|
|
|
|
|
|
|
|
3.375%, 03/25/2027 |
|
|
30 |
|
|
|
29 |
|
Costco Wholesale |
|
|
|
|
|
|
|
|
1.600%, 04/20/2030 |
|
|
90 |
|
|
|
76 |
|
1.375%, 06/20/2027 |
|
|
120 |
|
|
|
108 |
|
Hershey |
|
|
|
|
|
|
|
|
0.900%, 06/01/2025 |
|
|
20 |
|
|
|
19 |
|
Kenvue |
|
|
|
|
|
|
|
|
5.350%, 03/22/2026 |
|
|
150 |
|
|
|
151 |
|
5.050%, 03/22/2028 |
|
|
200 |
|
|
|
202 |
|
Kimberly-Clark |
|
|
|
|
|
|
|
|
3.100%, 03/26/2030 |
|
|
20 |
|
|
|
18 |
|
Kroger |
|
|
|
|
|
|
|
|
7.700%, 06/01/2029 |
|
|
565 |
|
|
|
632 |
|
Mars |
|
|
|
|
|
|
|
|
3.200%, 04/01/2030 (B) |
|
|
30 |
|
|
|
27 |
|
2.700%, 04/01/2025 (B) |
|
|
60 |
|
|
|
59 |
|
Mondelez International |
|
|
|
|
|
|
|
|
1.500%, 05/04/2025 |
|
|
180 |
|
|
|
173 |
|
PepsiCo |
|
|
|
|
|
|
|
|
3.900%, 07/18/2032 |
|
|
90 |
|
|
|
85 |
|
2.625%, 03/19/2027 |
|
|
10 |
|
|
|
9 |
|
2.250%, 03/19/2025 |
|
|
10 |
|
|
|
10 |
|
1.625%, 05/01/2030 |
|
|
70 |
|
|
|
59 |
|
Procter & Gamble |
|
|
|
|
|
|
|
|
3.000%, 03/25/2030 |
|
|
40 |
|
|
|
37 |
|
Walmart |
|
|
|
|
|
|
|
|
1.800%, 09/22/2031 |
|
|
160 |
|
|
|
133 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
1,827 |
|
| |
|
|
|
|
|
|
|
|
Energy — 2.7% |
|
|
|
|
Berkshire Hathaway Energy |
|
|
|
|
|
|
|
|
3.700%, 07/15/2030 |
|
|
140 |
|
|
|
131 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
BP Capital Markets America |
|
|
|
|
|
|
|
|
3.633%, 04/06/2030 |
|
$ |
50 |
|
|
$ |
47 |
|
3.410%, 02/11/2026 |
|
|
90 |
|
|
|
87 |
|
3.119%, 05/04/2026 |
|
|
170 |
|
|
|
164 |
|
Cameron LNG |
|
|
|
|
|
|
|
|
2.902%, 07/15/2031 (B) |
|
|
60 |
|
|
|
52 |
|
Columbia Pipelines Operating |
|
|
|
|
|
|
|
|
6.036%, 11/15/2033 (B) |
|
|
250 |
|
|
|
259 |
|
Continental Resources |
|
|
|
|
|
|
|
|
5.750%, 01/15/2031 (B) |
|
|
10 |
|
|
|
10 |
|
4.375%, 01/15/2028 |
|
|
120 |
|
|
|
116 |
|
3.800%, 06/01/2024 |
|
|
190 |
|
|
|
189 |
|
Coterra Energy |
|
|
|
|
|
|
|
|
4.375%, 03/15/2029 |
|
|
300 |
|
|
|
289 |
|
3.900%, 05/15/2027 |
|
|
160 |
|
|
|
154 |
|
Devon Energy |
|
|
|
|
|
|
|
|
5.850%, 12/15/2025 |
|
|
210 |
|
|
|
211 |
|
5.250%, 10/15/2027 |
|
|
64 |
|
|
|
64 |
|
5.000%, 06/15/2045 |
|
|
70 |
|
|
|
62 |
|
4.500%, 01/15/2030 |
|
|
32 |
|
|
|
31 |
|
Diamondback Energy |
|
|
|
|
|
|
|
|
3.500%, 12/01/2029 |
|
|
50 |
|
|
|
46 |
|
3.250%, 12/01/2026 |
|
|
30 |
|
|
|
29 |
|
3.125%, 03/24/2031 |
|
|
40 |
|
|
|
35 |
|
Ecopetrol |
|
|
|
|
|
|
|
|
5.375%, 06/26/2026 |
|
|
140 |
|
|
|
138 |
|
Energy Transfer |
|
|
|
|
|
|
|
|
4.950%, 06/15/2028 |
|
|
10 |
|
|
|
10 |
|
3.750%, 05/15/2030 |
|
|
220 |
|
|
|
203 |
|
2.900%, 05/15/2025 |
|
|
140 |
|
|
|
136 |
|
Enterprise Products Operating |
|
|
|
|
|
|
|
|
6.650%, 10/15/2034 |
|
|
40 |
|
|
|
45 |
|
4.150%, 10/16/2028 |
|
|
140 |
|
|
|
136 |
|
3.950%, 02/15/2027 |
|
|
150 |
|
|
|
146 |
|
3.125%, 07/31/2029 |
|
|
210 |
|
|
|
194 |
|
2.800%, 01/31/2030 |
|
|
230 |
|
|
|
206 |
|
EOG Resources |
|
|
|
|
|
|
|
|
4.375%, 04/15/2030 |
|
|
190 |
|
|
|
186 |
|
4.150%, 01/15/2026 |
|
|
160 |
|
|
|
158 |
|
EQT |
|
|
|
|
|
|
|
|
6.125%, 02/01/2025 |
|
|
56 |
|
|
|
56 |
|
3.900%, 10/01/2027 |
|
|
140 |
|
|
|
133 |
|
KazMunayGas National JSC |
|
|
|
|
|
|
|
|
5.375%, 04/24/2030 (B) |
|
|
400 |
|
|
|
392 |
|
Kinder Morgan |
|
|
|
|
|
|
|
|
4.300%, 06/01/2025 |
|
|
60 |
|
|
|
59 |
|
Occidental Petroleum |
|
|
|
|
|
|
|
|
5.550%, 03/15/2026 |
|
|
170 |
|
|
|
171 |
|
3.400%, 04/15/2026 |
|
|
80 |
|
|
|
77 |
|
3.200%, 08/15/2026 |
|
|
130 |
|
|
|
123 |
|
3.000%, 02/15/2027 |
|
|
130 |
|
|
|
122 |
|
0.000%, 10/10/2036 (D) |
|
|
1,346 |
|
|
|
707 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Oncor Electric Delivery |
|
|
|
|
|
|
|
|
4.150%, 06/01/2032 |
|
$ |
300 |
|
|
$ |
282 |
|
ONEOK |
|
|
|
|
|
|
|
|
5.800%, 11/01/2030 |
|
|
50 |
|
|
|
51 |
|
5.650%, 11/01/2028 |
|
|
170 |
|
|
|
174 |
|
5.550%, 11/01/2026 |
|
|
100 |
|
|
|
101 |
|
Petrobras Global Finance BV |
|
|
|
|
|
|
|
|
6.850%, 06/05/2115 |
|
|
150 |
|
|
|
139 |
|
Petroleos del Peru |
|
|
|
|
|
|
|
|
4.750%, 06/19/2032 (B) |
|
|
400 |
|
|
|
315 |
|
Pioneer Natural Resources |
|
|
|
|
|
|
|
|
2.150%, 01/15/2031 |
|
|
70 |
|
|
|
59 |
|
1.900%, 08/15/2030 |
|
|
220 |
|
|
|
185 |
|
1.125%, 01/15/2026 |
|
|
50 |
|
|
|
46 |
|
Reliance Industries |
|
|
|
|
|
|
|
|
3.625%, 01/12/2052 (B) |
|
|
250 |
|
|
|
180 |
|
Schlumberger Holdings |
|
|
|
|
|
|
|
|
3.900%, 05/17/2028 (B) |
|
|
456 |
|
|
|
440 |
|
Shell International Finance BV |
|
|
|
|
|
|
|
|
3.250%, 05/11/2025 |
|
|
150 |
|
|
|
147 |
|
3.250%, 04/06/2050 |
|
|
110 |
|
|
|
80 |
|
2.875%, 05/10/2026 |
|
|
90 |
|
|
|
86 |
|
2.750%, 04/06/2030 |
|
|
40 |
|
|
|
36 |
|
Tennessee Gas Pipeline |
|
|
|
|
|
|
|
|
2.900%, 03/01/2030 (B) |
|
|
60 |
|
|
|
53 |
|
Transcontinental Gas Pipe Line |
|
|
|
|
|
|
|
|
3.250%, 05/15/2030 |
|
|
100 |
|
|
|
91 |
|
Western Midstream Operating |
|
|
|
|
|
|
|
|
6.350%, 01/15/2029 |
|
|
490 |
|
|
|
508 |
|
4.750%, 08/15/2028 |
|
|
100 |
|
|
|
97 |
|
4.050%, 02/01/2030 |
|
|
20 |
|
|
|
19 |
|
3.100%, 02/01/2025 |
|
|
30 |
|
|
|
29 |
|
Williams |
|
|
|
|
|
|
|
|
5.100%, 09/15/2045 |
|
|
70 |
|
|
|
65 |
|
4.900%, 01/15/2045 |
|
|
90 |
|
|
|
81 |
|
3.750%, 06/15/2027 |
|
|
390 |
|
|
|
375 |
|
3.500%, 11/15/2030 |
|
|
20 |
|
|
|
18 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
9,031 |
|
| |
|
|
|
|
|
|
|
|
Financials — 11.0% |
|
|
|
|
American Express |
|
|
|
|
|
|
|
|
4.050%, 05/03/2029 |
|
|
140 |
|
|
|
136 |
|
3.375%, 05/03/2024 |
|
|
140 |
|
|
|
139 |
|
Aon North America |
|
|
|
|
|
|
|
|
5.150%, 03/01/2029 |
|
|
210 |
|
|
|
211 |
|
Aviation Capital Group |
|
|
|
|
|
|
|
|
4.125%, 08/01/2025 (B) |
|
|
160 |
|
|
|
156 |
|
1.950%, 01/30/2026 (B) |
|
|
567 |
|
|
|
529 |
|
Banco Santander |
|
|
|
|
|
|
|
|
4.175%, H15T1Y + 2.000%, 03/24/2028 (A) |
|
|
200 |
|
|
|
193 |
|
2.746%, 05/28/2025 |
|
|
200 |
|
|
|
193 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Bank of America |
|
|
|
|
|
|
|
|
6.204%, SOFRRATE + 1.990%, 11/10/2028 (A) |
|
$ |
584 |
|
|
$ |
604 |
|
3.841%, SOFRRATE + 1.110%, 04/25/2025 (A) |
|
|
100 |
|
|
|
100 |
|
3.419%, US0003M + 1.040%, 12/20/2028 (A) |
|
|
234 |
|
|
|
219 |
|
2.592%, SOFRRATE + 2.150%, 04/29/2031 (A) |
|
|
380 |
|
|
|
328 |
|
2.572%, SOFRRATE + 1.210%, 10/20/2032 (A) |
|
|
240 |
|
|
|
199 |
|
1.734%, SOFRRATE + 0.960%, 07/22/2027 (A) |
|
|
971 |
|
|
|
895 |
|
Bank of America MTN |
|
|
|
|
|
|
|
|
4.376%, SOFRRATE + 1.580%, 04/27/2028 (A) |
|
|
100 |
|
|
|
98 |
|
4.250%, 10/22/2026 |
|
|
10 |
|
|
|
10 |
|
4.200%, 08/26/2024 |
|
|
210 |
|
|
|
209 |
|
4.000%, 04/01/2024 |
|
|
440 |
|
|
|
440 |
|
4.000%, 01/22/2025 |
|
|
80 |
|
|
|
79 |
|
3.974%, US0003M + 1.210%, 02/07/2030 (A) |
|
|
80 |
|
|
|
76 |
|
3.593%, US0003M + 1.370%, 07/21/2028 (A) |
|
|
210 |
|
|
|
199 |
|
3.500%, 04/19/2026 |
|
|
130 |
|
|
|
126 |
|
2.972%, SOFRRATE + 1.330%, 02/04/2033 (A) |
|
|
200 |
|
|
|
170 |
|
Bank of Montreal MTN |
|
|
|
|
|
|
|
|
1.850%, 05/01/2025 |
|
|
130 |
|
|
|
125 |
|
Bank of New York Mellon MTN |
|
|
|
|
|
|
|
|
4.289%, SOFRRATE + 1.418%, 06/13/2033 (A) |
|
|
320 |
|
|
|
301 |
|
3.300%, 08/23/2029 |
|
|
790 |
|
|
|
729 |
|
1.600%, 04/24/2025 |
|
|
40 |
|
|
|
39 |
|
Bank of Nova Scotia |
|
|
|
|
|
|
|
|
1.300%, 06/11/2025 |
|
|
70 |
|
|
|
67 |
|
Barclays |
|
|
|
|
|
|
|
|
6.490%, SOFRRATE + 2.220%, 09/13/2029 (A) |
|
|
887 |
|
|
|
922 |
|
Blackstone Holdings Finance |
|
|
|
|
|
|
|
|
1.600%, 03/30/2031 (B) |
|
|
590 |
|
|
|
461 |
|
BNP Paribas |
|
|
|
|
|
|
|
|
5.894%, SOFRRATE + 1.866%, 12/05/2034 (A)(B) |
|
|
200 |
|
|
|
209 |
|
5.198%, US0003M + 2.567%, 01/10/2030 (A)(B) |
|
|
200 |
|
|
|
199 |
|
5.125%, H15T1Y + 1.450%, 01/13/2029 (A)(B) |
|
|
270 |
|
|
|
269 |
|
2.871%, SOFRRATE + 1.387%, 04/19/2032 (A)(B) |
|
|
200 |
|
|
|
170 |
|
1.675%, SOFRRATE + 0.912%, 06/30/2027 (A)(B) |
|
|
290 |
|
|
|
267 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Capital One Financial |
|
|
|
|
|
|
|
|
7.149%, SOFRRATE + 2.440%, 10/29/2027 (A) |
|
$ |
635 |
|
|
$ |
661 |
|
5.700%, SOFRRATE + 1.905%, 02/01/2030 (A) |
|
|
322 |
|
|
|
325 |
|
4.927%, SOFRRATE + 2.057%, 05/10/2028 (A) |
|
|
30 |
|
|
|
29 |
|
Charles Schwab |
|
|
|
|
|
|
|
|
6.136%, SOFRRATE + 2.010%, 08/24/2034 (A) |
|
|
70 |
|
|
|
73 |
|
5.875%, 08/24/2026 |
|
|
110 |
|
|
|
112 |
|
3.850%, 05/21/2025 |
|
|
110 |
|
|
|
108 |
|
Citigroup |
|
|
|
|
|
|
|
|
8.125%, 07/15/2039 |
|
|
12 |
|
|
|
16 |
|
5.500%, 09/13/2025 |
|
|
330 |
|
|
|
330 |
|
5.300%, 05/06/2044 |
|
|
31 |
|
|
|
30 |
|
4.658%, SOFRRATE + 1.887%, 05/24/2028 (A) |
|
|
140 |
|
|
|
138 |
|
4.650%, 07/30/2045 |
|
|
28 |
|
|
|
25 |
|
4.450%, 09/29/2027 |
|
|
90 |
|
|
|
88 |
|
4.412%, SOFRRATE + 3.914%, 03/31/2031 (A) |
|
|
100 |
|
|
|
95 |
|
4.400%, 06/10/2025 |
|
|
160 |
|
|
|
158 |
|
4.300%, 11/20/2026 |
|
|
40 |
|
|
|
39 |
|
4.125%, 07/25/2028 |
|
|
40 |
|
|
|
38 |
|
4.075%, US0003M + 1.192%, 04/23/2029 (A) |
|
|
240 |
|
|
|
230 |
|
3.785%, SOFRRATE + 1.939%, 03/17/2033 (A) |
|
|
250 |
|
|
|
223 |
|
3.668%, US0003M + 1.390%, 07/24/2028 (A) |
|
|
340 |
|
|
|
323 |
|
3.400%, 05/01/2026 |
|
|
354 |
|
|
|
341 |
|
3.200%, 10/21/2026 |
|
|
287 |
|
|
|
273 |
|
3.106%, SOFRRATE + 2.842%, 04/08/2026 (A) |
|
|
150 |
|
|
|
146 |
|
2.572%, SOFRRATE + 2.107%, 06/03/2031 (A) |
|
|
160 |
|
|
|
137 |
|
2.520%, SOFRRATE + 1.177%, 11/03/2032 (A) |
|
|
110 |
|
|
|
90 |
|
Cooperatieve Rabobank UA |
|
|
|
|
|
|
|
|
4.375%, 08/04/2025 |
|
|
250 |
|
|
|
246 |
|
3.649%, H15T1Y + 1.220%, 04/06/2028 (A)(B) |
|
|
580 |
|
|
|
552 |
|
Credit Agricole MTN |
|
|
|
|
|
|
|
|
1.907%, SOFRRATE + 1.676%, 06/16/2026 (A)(B) |
|
|
250 |
|
|
|
239 |
|
Credit Suisse NY |
|
|
|
|
|
|
|
|
7.950%, 01/09/2025 |
|
|
250 |
|
|
|
254 |
|
5.000%, 07/09/2027 |
|
|
530 |
|
|
|
525 |
|
4.750%, 08/09/2024 |
|
|
250 |
|
|
|
249 |
|
2.950%, 04/09/2025 |
|
|
250 |
|
|
|
244 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Danske Bank |
|
|
|
|
|
|
|
|
4.298%, H15T1Y + 1.750%, 04/01/2028 (A)(B) |
|
$ |
240 |
|
|
$ |
232 |
|
GA Global Funding Trust |
|
|
|
|
|
|
|
|
3.850%, 04/11/2025 (B) |
|
|
1,114 |
|
|
|
1,093 |
|
Goldman Sachs Group |
|
|
|
|
|
|
|
|
4.387%, SOFRRATE + 1.510%, 06/15/2027 (A) |
|
|
400 |
|
|
|
392 |
|
4.250%, 10/21/2025 |
|
|
140 |
|
|
|
137 |
|
4.223%, US0003M + 1.301%, 05/01/2029 (A) |
|
|
650 |
|
|
|
626 |
|
3.691%, US0003M + 1.510%, 06/05/2028 (A) |
|
|
400 |
|
|
|
383 |
|
3.615%, SOFRRATE + 1.846%, 03/15/2028 (A) |
|
|
30 |
|
|
|
29 |
|
3.500%, 04/01/2025 |
|
|
80 |
|
|
|
78 |
|
3.500%, 11/16/2026 |
|
|
90 |
|
|
|
86 |
|
2.650%, SOFRRATE + 1.264%, 10/21/2032 (A) |
|
|
110 |
|
|
|
92 |
|
Guardian Life Global Funding |
|
|
|
|
|
|
|
|
1.100%, 06/23/2025 (B) |
|
|
30 |
|
|
|
28 |
|
HSBC Holdings PLC |
|
|
|
|
|
|
|
|
4.583%, US0003M + 1.535%, 06/19/2029 (A) |
|
|
200 |
|
|
|
194 |
|
ING Groep |
|
|
|
|
|
|
|
|
6.114%, SOFRRATE + 2.090%, 09/11/2034 (A) |
|
|
539 |
|
|
|
560 |
|
Intercontinental Exchange |
|
|
|
|
|
|
|
|
4.600%, 03/15/2033 |
|
|
40 |
|
|
|
39 |
|
Intesa Sanpaolo MTN |
|
|
|
|
|
|
|
|
5.017%, 06/26/2024 (B) |
|
|
200 |
|
|
|
199 |
|
JPMorgan Chase |
|
|
|
|
|
|
|
|
4.565%, SOFRRATE + 1.750%, 06/14/2030 (A) |
|
|
998 |
|
|
|
973 |
|
4.452%, US0003M + 1.330%, 12/05/2029 (A) |
|
|
200 |
|
|
|
195 |
|
4.203%, US0003M + 1.260%, 07/23/2029 (A) |
|
|
773 |
|
|
|
745 |
|
4.005%, US0003M + 1.120%, 04/23/2029 (A) |
|
|
100 |
|
|
|
96 |
|
3.875%, 09/10/2024 |
|
|
290 |
|
|
|
288 |
|
3.845%, SOFRRATE + 0.980%, 06/14/2025 (A) |
|
|
1,180 |
|
|
|
1,175 |
|
2.545%, SOFRRATE + 1.180%, 11/08/2032 (A) |
|
|
110 |
|
|
|
92 |
|
2.522%, SOFRRATE + 2.040%, 04/22/2031 (A) |
|
|
190 |
|
|
|
164 |
|
2.083%, SOFRRATE + 1.850%, 04/22/2026 (A) |
|
|
130 |
|
|
|
125 |
|
KKR Group Finance VI |
|
|
|
|
|
|
|
|
3.750%, 07/01/2029 (B) |
|
|
1,149 |
|
|
|
1,072 |
|
Lincoln National |
|
|
|
|
|
|
|
|
3.400%, 01/15/2031 |
|
|
43 |
|
|
|
38 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Mitsubishi UFJ Financial Group |
|
|
|
|
|
|
|
|
3.837%, H15T1Y + 1.125%, 04/17/2026 (A) |
|
$ |
200 |
|
|
$ |
196 |
|
Moody's |
|
|
|
|
|
|
|
|
2.000%, 08/19/2031 |
|
|
1,000 |
|
|
|
815 |
|
Morgan Stanley MTN |
|
|
|
|
|
|
|
|
3.772%, US0003M + 1.140%, 01/24/2029 (A) |
|
|
150 |
|
|
|
143 |
|
3.622%, SOFRRATE + 3.120%, 04/01/2031 (A) |
|
|
475 |
|
|
|
435 |
|
2.699%, SOFRRATE + 1.143%, 01/22/2031 (A) |
|
|
200 |
|
|
|
175 |
|
2.188%, SOFRRATE + 1.990%, 04/28/2026 (A) |
|
|
400 |
|
|
|
386 |
|
New York Life Global Funding |
|
|
|
|
|
|
|
|
0.950%, 06/24/2025 (B) |
|
|
60 |
|
|
|
57 |
|
Peachtree Corners Funding Trust |
|
|
|
|
|
|
|
|
3.976%, 02/15/2025 (B) |
|
|
544 |
|
|
|
534 |
|
PNC Financial Services Group |
|
|
|
|
|
|
|
|
6.875%, SOFRRATE + 2.284%, 10/20/2034 (A) |
|
|
834 |
|
|
|
913 |
|
5.812%, SOFRRATE + 1.322%, 06/12/2026 (A) |
|
|
240 |
|
|
|
241 |
|
Principal Life Global Funding II |
|
|
|
|
|
|
|
|
1.250%, 06/23/2025 (B) |
|
|
20 |
|
|
|
19 |
|
Royal Bank of Canada MTN |
|
|
|
|
|
|
|
|
6.000%, 11/01/2027 |
|
|
709 |
|
|
|
733 |
|
5.150%, 02/01/2034 |
|
|
80 |
|
|
|
80 |
|
1.150%, 06/10/2025 |
|
|
70 |
|
|
|
67 |
|
SBA Tower Trust |
|
|
|
|
|
|
|
|
2.593%, 10/15/2031 (B) |
|
|
996 |
|
|
|
803 |
|
State Street |
|
|
|
|
|
|
|
|
5.159%, SOFRRATE + 1.890%, 05/18/2034 (A) |
|
|
520 |
|
|
|
518 |
|
3.152%, SOFRRATE + 2.650%, 03/30/2031 (A) |
|
|
50 |
|
|
|
45 |
|
Swedbank |
|
|
|
|
|
|
|
|
1.538%, 11/16/2026 (B) |
|
|
400 |
|
|
|
365 |
|
Toronto-Dominion Bank MTN |
|
|
|
|
|
|
|
|
4.693%, 09/15/2027 |
|
|
1,061 |
|
|
|
1,051 |
|
4.456%, 06/08/2032 |
|
|
140 |
|
|
|
134 |
|
3.200%, 03/10/2032 |
|
|
807 |
|
|
|
710 |
|
1.150%, 06/12/2025 |
|
|
80 |
|
|
|
76 |
|
Truist Financial MTN |
|
|
|
|
|
|
|
|
6.047%, SOFRRATE + 2.050%, 06/08/2027 (A) |
|
|
90 |
|
|
|
91 |
|
UBS Group |
|
|
|
|
|
|
|
|
4.253%, 03/23/2028 (B) |
|
|
250 |
|
|
|
241 |
|
4.194%, SOFRRATE + 3.730%, 04/01/2031 (A)(B) |
|
|
250 |
|
|
|
232 |
|
4.125%, 04/15/2026 (B) |
|
|
634 |
|
|
|
617 |
|
2.746%, H15T1Y + 1.100%, 02/11/2033 (A)(B) |
|
|
575 |
|
|
|
470 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
US Bancorp |
|
|
|
|
|
|
|
|
5.775%, SOFRRATE + 2.020%, 06/12/2029 (A) |
|
$ |
100 |
|
|
$ |
102 |
|
1.450%, 05/12/2025 |
|
|
120 |
|
|
|
115 |
|
US Bancorp MTN |
|
|
|
|
|
|
|
|
2.215%, SOFRRATE + 0.730%, 01/27/2028 (A) |
|
|
60 |
|
|
|
55 |
|
USAA Capital |
|
|
|
|
|
|
|
|
2.125%, 05/01/2030 (B) |
|
|
150 |
|
|
|
125 |
|
Wells Fargo |
|
|
|
|
|
|
|
|
3.000%, 10/23/2026 |
|
|
190 |
|
|
|
180 |
|
2.188%, SOFRRATE + 2.000%, 04/30/2026 (A) |
|
|
130 |
|
|
|
125 |
|
Wells Fargo MTN |
|
|
|
|
|
|
|
|
5.557%, SOFRRATE + 1.990%, 07/25/2034 (A) |
|
|
20 |
|
|
|
20 |
|
5.013%, SOFRRATE + 4.502%, 04/04/2051 (A) |
|
|
380 |
|
|
|
357 |
|
4.900%, 11/17/2045 |
|
|
30 |
|
|
|
27 |
|
4.540%, SOFRRATE + 1.560%, 08/15/2026 (A) |
|
|
300 |
|
|
|
296 |
|
4.478%, SOFRRATE + 4.032%, 04/04/2031 (A) |
|
|
220 |
|
|
|
211 |
|
4.300%, 07/22/2027 |
|
|
200 |
|
|
|
195 |
|
3.350%, SOFRRATE + 1.500%, 03/02/2033 (A) |
|
|
40 |
|
|
|
35 |
|
2.879%, TSFR3M + 1.432%, 10/30/2030 (A) |
|
|
100 |
|
|
|
88 |
|
2.393%, SOFRRATE + 2.100%, 06/02/2028 (A) |
|
|
290 |
|
|
|
265 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
36,878 |
|
| |
|
|
|
|
|
|
|
|
Health Care — 1.9% |
|
|
|
|
AbbVie |
|
|
|
|
|
|
|
|
4.800%, 03/15/2027 |
|
|
110 |
|
|
|
110 |
|
4.800%, 03/15/2029 |
|
|
180 |
|
|
|
180 |
|
3.800%, 03/15/2025 |
|
|
40 |
|
|
|
39 |
|
3.600%, 05/14/2025 |
|
|
10 |
|
|
|
10 |
|
3.200%, 11/21/2029 |
|
|
150 |
|
|
|
138 |
|
2.950%, 11/21/2026 |
|
|
20 |
|
|
|
19 |
|
2.600%, 11/21/2024 |
|
|
140 |
|
|
|
138 |
|
Becton Dickinson |
|
|
|
|
|
|
|
|
4.685%, 12/15/2044 |
|
|
36 |
|
|
|
33 |
|
3.734%, 12/15/2024 |
|
|
7 |
|
|
|
7 |
|
3.363%, 06/06/2024 |
|
|
186 |
|
|
|
185 |
|
Bristol-Myers Squibb |
|
|
|
|
|
|
|
|
5.200%, 02/22/2034 |
|
|
150 |
|
|
|
152 |
|
5.100%, 02/22/2031 |
|
|
50 |
|
|
|
51 |
|
4.950%, 02/20/2026 |
|
|
130 |
|
|
|
130 |
|
3.400%, 07/26/2029 |
|
|
16 |
|
|
|
15 |
|
3.200%, 06/15/2026 |
|
|
79 |
|
|
|
76 |
|
2.900%, 07/26/2024 |
|
|
154 |
|
|
|
153 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Cigna Group |
|
|
|
|
|
|
|
|
4.375%, 10/15/2028 |
|
$ |
420 |
|
|
$ |
409 |
|
1.250%, 03/15/2026 |
|
|
302 |
|
|
|
280 |
|
CVS Health |
|
|
|
|
|
|
|
|
5.050%, 03/25/2048 |
|
|
60 |
|
|
|
55 |
|
4.300%, 03/25/2028 |
|
|
164 |
|
|
|
160 |
|
3.875%, 07/20/2025 |
|
|
95 |
|
|
|
93 |
|
3.625%, 04/01/2027 |
|
|
180 |
|
|
|
173 |
|
2.125%, 09/15/2031 |
|
|
150 |
|
|
|
123 |
|
1.875%, 02/28/2031 |
|
|
20 |
|
|
|
16 |
|
1.750%, 08/21/2030 |
|
|
200 |
|
|
|
164 |
|
CVS Pass-Through Trust |
|
|
|
|
|
|
|
|
7.507%, 01/10/2032 (B) |
|
|
938 |
|
|
|
972 |
|
5.773%, 01/10/2033 (B) |
|
|
309 |
|
|
|
306 |
|
Elevance Health |
|
|
|
|
|
|
|
|
4.100%, 05/15/2032 |
|
|
80 |
|
|
|
75 |
|
Eli Lilly |
|
|
|
|
|
|
|
|
4.700%, 02/09/2034 |
|
|
270 |
|
|
|
269 |
|
4.500%, 02/09/2029 |
|
|
200 |
|
|
|
199 |
|
Humana |
|
|
|
|
|
|
|
|
5.750%, 12/01/2028 |
|
|
200 |
|
|
|
205 |
|
4.500%, 04/01/2025 |
|
|
10 |
|
|
|
10 |
|
3.700%, 03/23/2029 |
|
|
160 |
|
|
|
150 |
|
2.150%, 02/03/2032 |
|
|
30 |
|
|
|
24 |
|
Merck |
|
|
|
|
|
|
|
|
1.900%, 12/10/2028 |
|
|
430 |
|
|
|
382 |
|
1.450%, 06/24/2030 |
|
|
50 |
|
|
|
41 |
|
Pfizer |
|
|
|
|
|
|
|
|
2.625%, 04/01/2030 |
|
|
100 |
|
|
|
89 |
|
1.700%, 05/28/2030 |
|
|
50 |
|
|
|
42 |
|
Solventum |
|
|
|
|
|
|
|
|
5.600%, 03/23/2034 (B) |
|
|
140 |
|
|
|
140 |
|
5.450%, 03/13/2031 (B) |
|
|
110 |
|
|
|
110 |
|
5.400%, 03/01/2029 (B) |
|
|
110 |
|
|
|
110 |
|
UnitedHealth Group |
|
|
|
|
|
|
|
|
4.450%, 12/15/2048 |
|
|
10 |
|
|
|
9 |
|
4.000%, 05/15/2029 |
|
|
200 |
|
|
|
193 |
|
3.875%, 12/15/2028 |
|
|
30 |
|
|
|
29 |
|
2.300%, 05/15/2031 |
|
|
20 |
|
|
|
17 |
|
2.000%, 05/15/2030 |
|
|
30 |
|
|
|
25 |
|
1.250%, 01/15/2026 |
|
|
20 |
|
|
|
19 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
6,325 |
|
| |
|
|
|
|
|
|
|
|
Industrials — 2.0% |
|
|
|
|
3M |
|
|
|
|
|
|
|
|
2.375%, 08/26/2029 |
|
|
30 |
|
|
|
26 |
|
AerCap Ireland Capital DAC |
|
|
|
|
|
|
|
|
3.000%, 10/29/2028 |
|
|
1,226 |
|
|
|
1,109 |
|
2.450%, 10/29/2026 |
|
|
190 |
|
|
|
177 |
|
Air Lease |
|
|
|
|
|
|
|
|
5.300%, 02/01/2028 |
|
|
90 |
|
|
|
90 |
|
3.375%, 07/01/2025 |
|
|
100 |
|
|
|
97 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Burlington Northern Santa Fe |
|
|
|
|
|
|
|
|
4.550%, 09/01/2044 |
|
$ |
10 |
|
|
$ |
9 |
|
Carrier Global |
|
|
|
|
|
|
|
|
2.700%, 02/15/2031 |
|
|
10 |
|
|
|
9 |
|
Continental Airlines Pass-Through Trust, Ser 2012-2, Cl A |
|
|
|
|
|
|
|
|
4.000%, 10/29/2024 |
|
|
457 |
|
|
|
451 |
|
Cummins |
|
|
|
|
|
|
|
|
5.150%, 02/20/2034 |
|
|
840 |
|
|
|
848 |
|
Deere |
|
|
|
|
|
|
|
|
3.100%, 04/15/2030 |
|
|
10 |
|
|
|
9 |
|
Delta Air Lines Pass-Through Trust, Ser 2015-1, Cl AA |
|
|
|
|
|
|
|
|
3.625%, 07/30/2027 |
|
|
414 |
|
|
|
392 |
|
Delta Air Lines Pass-Through Trust, Ser 2019-1, Cl AA |
|
|
|
|
|
|
|
|
3.204%, 04/25/2024 |
|
|
621 |
|
|
|
621 |
|
John Deere Capital MTN |
|
|
|
|
|
|
|
|
3.350%, 04/18/2029 |
|
|
934 |
|
|
|
876 |
|
Penske Truck Leasing Lp |
|
|
|
|
|
|
|
|
5.550%, 05/01/2028 (B) |
|
|
916 |
|
|
|
926 |
|
Republic Services |
|
|
|
|
|
|
|
|
3.200%, 03/15/2025 |
|
|
180 |
|
|
|
176 |
|
Ryder System MTN |
|
|
|
|
|
|
|
|
5.250%, 06/01/2028 |
|
|
609 |
|
|
|
612 |
|
3.350%, 09/01/2025 |
|
|
197 |
|
|
|
191 |
|
Union Pacific |
|
|
|
|
|
|
|
|
3.750%, 07/15/2025 |
|
|
20 |
|
|
|
20 |
|
2.891%, 04/06/2036 |
|
|
20 |
|
|
|
16 |
|
Waste Connections |
|
|
|
|
|
|
|
|
5.000%, 03/01/2034 |
|
|
260 |
|
|
|
257 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
6,912 |
|
| |
|
|
|
|
|
|
|
|
Information Technology — 1.1% |
|
|
|
|
Adobe |
|
|
|
|
|
|
|
|
2.300%, 02/01/2030 |
|
|
210 |
|
|
|
185 |
|
Apple |
|
|
|
|
|
|
|
|
3.350%, 02/09/2027 |
|
|
210 |
|
|
|
203 |
|
2.900%, 09/12/2027 |
|
|
110 |
|
|
|
104 |
|
2.450%, 08/04/2026 |
|
|
70 |
|
|
|
67 |
|
Broadcom |
|
|
|
|
|
|
|
|
4.926%, 05/15/2037 (B) |
|
|
33 |
|
|
|
31 |
|
4.150%, 11/15/2030 |
|
|
26 |
|
|
|
25 |
|
3.137%, 11/15/2035 (B) |
|
|
70 |
|
|
|
56 |
|
Intel |
|
|
|
|
|
|
|
|
5.125%, 02/10/2030 |
|
|
70 |
|
|
|
71 |
|
3.700%, 07/29/2025 |
|
|
30 |
|
|
|
29 |
|
1.600%, 08/12/2028 |
|
|
50 |
|
|
|
44 |
|
Mastercard |
|
|
|
|
|
|
|
|
3.375%, 04/01/2024 |
|
|
60 |
|
|
|
60 |
|
Micron Technology |
|
|
|
|
|
|
|
|
5.300%, 01/15/2031 |
|
|
70 |
|
|
|
70 |
|
2.703%, 04/15/2032 |
|
|
260 |
|
|
|
217 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Microsoft |
|
|
|
|
|
|
|
|
3.300%, 02/06/2027 |
|
$ |
70 |
|
|
$ |
68 |
|
NVIDIA |
|
|
|
|
|
|
|
|
2.850%, 04/01/2030 |
|
|
90 |
|
|
|
82 |
|
NXP BV |
|
|
|
|
|
|
|
|
5.000%, 01/15/2033 |
|
|
916 |
|
|
|
896 |
|
2.700%, 05/01/2025 |
|
|
40 |
|
|
|
39 |
|
Oracle |
|
|
|
|
|
|
|
|
4.650%, 05/06/2030 |
|
|
70 |
|
|
|
69 |
|
1.650%, 03/25/2026 |
|
|
130 |
|
|
|
121 |
|
PayPal Holdings |
|
|
|
|
|
|
|
|
4.400%, 06/01/2032 |
|
|
80 |
|
|
|
77 |
|
1.650%, 06/01/2025 |
|
|
60 |
|
|
|
58 |
|
Salesforce |
|
|
|
|
|
|
|
|
3.700%, 04/11/2028 |
|
|
150 |
|
|
|
145 |
|
1.500%, 07/15/2028 |
|
|
510 |
|
|
|
449 |
|
Texas Instruments |
|
|
|
|
|
|
|
|
1.750%, 05/04/2030 |
|
|
40 |
|
|
|
34 |
|
TSMC Arizona |
|
|
|
|
|
|
|
|
2.500%, 10/25/2031 |
|
|
250 |
|
|
|
214 |
|
1.750%, 10/25/2026 |
|
|
230 |
|
|
|
212 |
|
Visa |
|
|
|
|
|
|
|
|
4.300%, 12/14/2045 |
|
|
10 |
|
|
|
9 |
|
3.150%, 12/14/2025 |
|
|
50 |
|
|
|
49 |
|
1.900%, 04/15/2027 |
|
|
60 |
|
|
|
55 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
3,739 |
|
| |
|
|
|
|
|
|
|
|
Materials — 0.6% |
|
|
|
|
Anglo American Capital |
|
|
|
|
|
|
|
|
3.625%, 09/11/2024 (B) |
|
|
200 |
|
|
|
198 |
|
Glencore Funding |
|
|
|
|
|
|
|
|
1.625%, 04/27/2026 (B) |
|
|
90 |
|
|
|
83 |
|
MEGlobal BV MTN |
|
|
|
|
|
|
|
|
4.250%, 11/03/2026 (B) |
|
|
200 |
|
|
|
192 |
|
2.625%, 04/28/2028 (B) |
|
|
230 |
|
|
|
205 |
|
OCP |
|
|
|
|
|
|
|
|
4.500%, 10/22/2025 (B) |
|
|
400 |
|
|
|
390 |
|
Orbia Advance |
|
|
|
|
|
|
|
|
2.875%, 05/11/2031 (B) |
|
|
200 |
|
|
|
166 |
|
Suzano Austria GmbH |
|
|
|
|
|
|
|
|
3.125%, 01/15/2032 |
|
|
380 |
|
|
|
316 |
|
Vale Overseas |
|
|
|
|
|
|
|
|
6.875%, 11/21/2036 |
|
|
148 |
|
|
|
158 |
|
6.250%, 08/10/2026 |
|
|
240 |
|
|
|
244 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
1,952 |
|
| |
|
|
|
|
|
|
|
|
Real Estate — 0.6% |
|
|
|
|
Alexandria Real Estate Equities |
|
|
|
|
|
|
|
|
3.950%, 01/15/2028 |
|
|
141 |
|
|
|
135 |
|
3.450%, 04/30/2025 |
|
|
664 |
|
|
|
650 |
|
American Tower Trust #1 |
|
|
|
|
|
|
|
|
5.490%, 03/15/2028 (B) |
|
|
554 |
|
|
|
559 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
CORPORATE OBLIGATIONS (continued) |
Healthpeak OP |
|
|
|
|
|
|
|
|
2.125%, 12/01/2028 |
|
$ |
769 |
|
|
$ |
676 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
2,020 |
|
| |
|
|
|
|
|
|
|
|
Utilities — 2.4% |
|
|
|
|
American Transmission Systems |
|
|
|
|
|
|
|
|
2.650%, 01/15/2032 (B) |
|
|
60 |
|
|
|
50 |
|
American Water Capital |
|
|
|
|
|
|
|
|
2.800%, 05/01/2030 |
|
|
1,203 |
|
|
|
1,059 |
|
Commonwealth Edison |
|
|
|
|
|
|
|
|
3.700%, 08/15/2028 |
|
|
468 |
|
|
|
448 |
|
Consumers 2023 Securitization Funding |
|
|
|
|
|
|
|
|
5.210%, 09/01/2030 |
|
|
512 |
|
|
|
518 |
|
Duke Energy Carolinas |
|
|
|
|
|
|
|
|
2.850%, 03/15/2032 |
|
|
1,057 |
|
|
|
907 |
|
Exelon |
|
|
|
|
|
|
|
|
5.625%, 06/15/2035 |
|
|
343 |
|
|
|
348 |
|
FirstEnergy |
|
|
|
|
|
|
|
|
1.600%, 01/15/2026 |
|
|
30 |
|
|
|
28 |
|
Florida Power & Light |
|
|
|
|
|
|
|
|
2.450%, 02/03/2032 |
|
|
544 |
|
|
|
458 |
|
MidAmerican Energy |
|
|
|
|
|
|
|
|
3.650%, 04/15/2029 |
|
|
140 |
|
|
|
133 |
|
Northern States Power |
|
|
|
|
|
|
|
|
7.125%, 07/01/2025 |
|
|
1,190 |
|
|
|
1,209 |
|
NSTAR Electric |
|
|
|
|
|
|
|
|
1.950%, 08/15/2031 |
|
|
1,000 |
|
|
|
808 |
|
Pacific Gas and Electric |
|
|
|
|
|
|
|
|
5.550%, 05/15/2029 |
|
|
210 |
|
|
|
212 |
|
2.100%, 08/01/2027 |
|
|
130 |
|
|
|
117 |
|
Perusahaan Perseroan Persero Perusahaan Listrik Negara MTN |
|
|
|
|
|
|
|
|
5.450%, 05/21/2028 (B) |
|
|
370 |
|
|
|
371 |
|
PG&E Wildfire Recovery Funding |
|
|
|
|
|
|
|
|
4.022%, 06/01/2031 |
|
|
703 |
|
|
|
679 |
|
3.594%, 06/01/2030 |
|
|
673 |
|
|
|
645 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
7,990 |
|
| |
|
|
|
|
|
|
|
|
Total Corporate Obligations |
|
|
|
|
|
|
|
|
(Cost $94,413) ($ Thousands) |
|
|
|
|
|
|
88,997 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
U.S. TREASURY OBLIGATIONS — 20.0% |
U.S. Treasury Bills |
|
|
|
|
|
|
|
|
5.305%, 05/09/2024 |
|
|
250 |
|
|
|
249 |
|
U.S. Treasury Bonds |
|
|
|
|
|
|
|
|
4.750%, 11/15/2043 |
|
|
810 |
|
|
|
840 |
|
4.750%, 11/15/2053 |
|
|
790 |
|
|
|
843 |
|
4.375%, 08/15/2043 |
|
|
750 |
|
|
|
741 |
|
4.250%, 02/15/2054 |
|
|
430 |
|
|
|
423 |
|
4.125%, 08/15/2053 |
|
|
900 |
|
|
|
865 |
|
4.000%, 11/15/2052 |
|
|
730 |
|
|
|
686 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
U.S. TREASURY OBLIGATIONS (continued) |
3.875%, 05/15/2043 |
|
$ |
790 |
|
|
$ |
729 |
|
3.625%, 08/15/2043 |
|
|
40 |
|
|
|
36 |
|
3.625%, 02/15/2053 |
|
|
290 |
|
|
|
255 |
|
3.625%, 05/15/2053 |
|
|
450 |
|
|
|
395 |
|
3.375%, 11/15/2048 |
|
|
190 |
|
|
|
159 |
|
3.125%, 08/15/2044 |
|
|
50 |
|
|
|
41 |
|
3.000%, 02/15/2049 |
|
|
1,010 |
|
|
|
787 |
|
2.875%, 08/15/2045 |
|
|
60 |
|
|
|
47 |
|
2.875%, 05/15/2049 |
|
|
320 |
|
|
|
243 |
|
2.875%, 05/15/2052 |
|
|
80 |
|
|
|
60 |
|
2.375%, 02/15/2042 |
|
|
618 |
|
|
|
460 |
|
2.375%, 05/15/2051 |
|
|
1,920 |
|
|
|
1,303 |
|
2.250%, 08/15/2049 |
|
|
280 |
|
|
|
187 |
|
2.250%, 02/15/2052 |
|
|
716 |
|
|
|
471 |
|
2.000%, 11/15/2041 |
|
|
650 |
|
|
|
456 |
|
2.000%, 02/15/2050 |
|
|
180 |
|
|
|
113 |
|
2.000%, 08/15/2051 |
|
|
900 |
|
|
|
558 |
|
1.875%, 02/15/2041 |
|
|
30 |
|
|
|
21 |
|
1.875%, 02/15/2051 |
|
|
1,190 |
|
|
|
717 |
|
1.875%, 11/15/2051 |
|
|
780 |
|
|
|
467 |
|
1.750%, 08/15/2041 |
|
|
640 |
|
|
|
432 |
|
1.625%, 11/15/2050 |
|
|
1,080 |
|
|
|
610 |
|
1.375%, 11/15/2040 |
|
|
880 |
|
|
|
566 |
|
1.375%, 08/15/2050 |
|
|
2,130 |
|
|
|
1,125 |
|
1.250%, 05/15/2050 |
|
|
620 |
|
|
|
317 |
|
1.125%, 08/15/2040 |
|
|
260 |
|
|
|
161 |
|
U.S. Treasury Inflation-Protected Securities |
|
|
|
|
|
|
|
|
1.125%, 01/15/2033 |
|
|
1,263 |
|
|
|
1,184 |
|
0.125%, 01/15/2030 |
|
|
940 |
|
|
|
851 |
|
U.S. Treasury Notes |
|
|
|
|
|
|
|
|
4.625%, 09/15/2026 |
|
|
30 |
|
|
|
30 |
|
4.625%, 11/15/2026 |
|
|
30 |
|
|
|
30 |
|
4.625%, 09/30/2030 |
|
|
730 |
|
|
|
746 |
|
4.375%, 08/31/2028 |
|
|
4,712 |
|
|
|
4,731 |
|
4.375%, 11/30/2028 |
|
|
5,946 |
|
|
|
5,978 |
|
4.250%, 12/31/2025 |
|
|
110 |
|
|
|
109 |
|
4.250%, 02/28/2031 |
|
|
1,090 |
|
|
|
1,092 |
|
4.125%, 02/15/2027 |
|
|
934 |
|
|
|
926 |
|
4.125%, 08/31/2030 |
|
|
1,640 |
|
|
|
1,630 |
|
4.000%, 01/31/2029 |
|
|
3,487 |
|
|
|
3,451 |
|
4.000%, 07/31/2030 |
|
|
770 |
|
|
|
760 |
|
4.000%, 01/31/2031 |
|
|
2,470 |
|
|
|
2,438 |
|
4.000%, 02/15/2034 |
|
|
1,642 |
|
|
|
1,615 |
|
3.875%, 08/15/2033 |
|
|
4,776 |
|
|
|
4,649 |
|
3.750%, 12/31/2028 |
|
|
100 |
|
|
|
98 |
|
3.625%, 05/31/2028 |
|
|
3,064 |
|
|
|
2,986 |
|
3.500%, 01/31/2028 |
|
|
4,604 |
|
|
|
4,469 |
|
3.375%, 05/15/2033 |
|
|
1,454 |
|
|
|
1,362 |
|
3.125%, 08/31/2027 |
|
|
5,691 |
|
|
|
5,467 |
|
1.500%, 01/31/2027 |
|
|
128 |
|
|
|
118 |
|
0.750%, 05/31/2026 |
|
|
7,510 |
|
|
|
6,919 |
|
0.250%, 05/31/2025 |
|
|
210 |
|
|
|
199 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
U.S. TREASURY OBLIGATIONS (continued) |
0.250%, 09/30/2025 |
|
$ |
10 |
|
|
$ |
9 |
|
| |
|
|
|
|
Total U.S. Treasury Obligations |
|
|
|
|
(Cost $73,067) ($ Thousands) |
|
|
67,210 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
ASSET-BACKED SECURITIES — 8.2% |
Automotive — 0.3% |
|
|
|
|
| |
|
|
|
|
Avis Budget Rental Car Funding AESOP, Ser 2021-1A, Cl A |
|
|
|
|
|
|
|
|
1.380%, 08/20/2027 (B) |
|
|
430 |
|
|
|
395 |
|
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 |
|
|
|
274 |
|
Hertz Vehicle Financing, Ser 2021-1A, Cl C |
|
|
|
|
|
|
|
|
2.050%, 12/26/2025 (B) |
|
|
210 |
|
|
|
205 |
|
| |
|
|
|
|
|
|
1,020 |
|
| |
|
|
|
|
|
|
|
|
Mortgage Related Securities — 0.1% |
|
|
|
|
| |
|
|
|
|
Cascade MH Asset Trust, Ser 2021-MH1, Cl A1 |
|
|
|
|
|
|
|
|
1.753%, 02/25/2046 (B) |
|
|
66 |
|
|
|
57 |
|
Master Asset-Backed Securities Trust, Ser 2007-NCW, Cl A1 |
|
|
|
|
|
|
|
|
5.744%, US0001M + 0.300%, 05/25/2037 (A)(B) |
|
|
137 |
|
|
|
118 |
|
| |
|
|
|
|
|
|
175 |
|
| |
|
|
|
|
|
|
|
|
Other Asset-Backed Securities — 7.8% |
|
|
|
|
| |
|
|
|
|
AMSR Trust, Ser 2023-SFR1, Cl A |
|
|
|
|
|
|
|
|
4.000%, 04/17/2040 (B) |
|
|
960 |
|
|
|
916 |
|
CIFC Funding 2023-III, Ser 2024-3A, Cl A |
|
|
|
|
|
|
|
|
6.916%, TSFR3M + 1.600%, 01/20/2037 (A)(B) |
|
|
1,043 |
|
|
|
1,045 |
|
CWHEQ Revolving Home Equity Loan Trust, Ser 2006-F, Cl 2A1A |
|
|
|
|
|
|
|
|
5.580%, US0001M + 0.140%, 07/15/2036 (A) |
|
|
116 |
|
|
|
109 |
|
DB Master Finance, Ser 2021-1A, Cl A2II |
|
|
|
|
|
|
|
|
2.493%, 11/20/2051 (B) |
|
|
1,025 |
|
|
|
904 |
|
FirstKey Homes Trust, Ser 2021-SFR1, Cl A |
|
|
|
|
|
|
|
|
1.538%, 08/17/2038 (B) |
|
|
771 |
|
|
|
705 |
|
FirstKey Homes Trust, Ser 2021-SFR3, Cl A |
|
|
|
|
|
|
|
|
2.135%, 12/17/2038 (B) |
|
|
436 |
|
|
|
401 |
|
GoodLeap Sustainable Home Solutions Trust, Ser 2022-1GS, Cl B |
|
|
|
|
|
|
|
|
2.940%, 01/20/2049 (B) |
|
|
577 |
|
|
|
433 |
|
Hardee's Funding, Ser 2021-1A, Cl A2 |
|
|
|
|
|
|
|
|
2.865%, 06/20/2051 (B) |
|
|
263 |
|
|
|
223 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
ASSET-BACKED SECURITIES (continued) |
Home Partners of America Trust, Ser 2022-1, Cl A |
|
|
|
|
|
|
|
|
3.930%, 04/17/2039 (B) |
|
$ |
858 |
|
|
$ |
821 |
|
Navient Student Loan Trust, Ser 2016-3A, Cl A3 |
|
|
|
|
|
|
|
|
6.785%, US0001M + 1.350%, 06/25/2065 (A)(B) |
|
|
238 |
|
|
|
240 |
|
Navient Student Loan Trust, Ser 2016-6A, Cl A3 |
|
|
|
|
|
|
|
|
6.735%, US0001M + 1.300%, 03/25/2066 (A)(B) |
|
|
471 |
|
|
|
477 |
|
Palmer Square CLO, Ser 2021-2A, Cl A1A3 |
|
|
|
|
|
|
|
|
6.578%, US0003M + 1.000%, 10/17/2031 (A)(B) |
|
|
621 |
|
|
|
622 |
|
Palmer Square CLO, Ser 2022-2A, Cl A1 |
|
|
|
|
|
|
|
|
6.888%, TSFR3M + 1.570%, 07/20/2034 (A)(B) |
|
|
400 |
|
|
|
400 |
|
Palmer Square Loan Funding, Ser 2022-2A, Cl A1 |
|
|
|
|
|
|
|
|
6.584%, TSFR3M + 1.270%, 10/15/2030 (A)(B) |
|
|
657 |
|
|
|
657 |
|
PFS Financing, Ser 2023-C, Cl A |
|
|
|
|
|
|
|
|
5.520%, 10/15/2028 (B) |
|
|
826 |
|
|
|
833 |
|
Progress Residential Trust, Ser 2021-SFR2, Cl A |
|
|
|
|
|
|
|
|
1.546%, 04/19/2038 (B) |
|
|
546 |
|
|
|
505 |
|
Progress Residential Trust, Ser 2022-SFR2, Cl A |
|
|
|
|
|
|
|
|
2.950%, 04/17/2027 (B) |
|
|
974 |
|
|
|
911 |
|
Progress Residential Trust, Ser 2022-SFR3, Cl A |
|
|
|
|
|
|
|
|
3.200%, 04/17/2039 (B) |
|
|
504 |
|
|
|
474 |
|
SBA Small Business Investment, Ser 2023-10A, Cl 1 |
|
|
|
|
|
|
|
|
5.168%, 03/10/2033 |
|
|
872 |
|
|
|
874 |
|
SBA Small Business Investment, Ser 2024-10A, Cl 1 |
|
|
|
|
|
|
|
|
5.035%, 03/10/2034 |
|
|
850 |
|
|
|
852 |
|
SLC Student Loan Trust, Ser 2010-1, Cl A |
|
|
|
|
|
|
|
|
6.495%, US0003M + 0.875%, 11/25/2042 (A) |
|
|
45 |
|
|
|
45 |
|
SLM Private Credit Student Loan Trust, Ser 2006-A, Cl A5 |
|
|
|
|
|
|
|
|
5.881%, US0003M + 0.290%, 06/15/2039 (A) |
|
|
131 |
|
|
|
127 |
|
SLM Private Education Loan Trust, Ser 2010-C, Cl A5 |
|
|
|
|
|
|
|
|
10.190%, US0001M + 4.750%, 10/15/2041 (A)(B) |
|
|
259 |
|
|
|
278 |
|
SMB Private Education Loan Trust 2020-A, Ser 2020-A, Cl A2A |
|
|
|
|
|
|
|
|
2.230%, 09/15/2037 (B) |
|
|
128 |
|
|
|
120 |
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
ASSET-BACKED SECURITIES (continued) |
SMB Private Education Loan Trust, Ser 2021-A, Cl A2B |
|
|
|
|
|
|
|
|
1.590%, 01/15/2053 (B) |
|
$ |
247 |
|
|
$ |
221 |
|
SMB Private Education Loan Trust, Ser 2021-C, Cl B |
|
|
|
|
|
|
|
|
2.300%, 01/15/2053 (B) |
|
|
166 |
|
|
|
154 |
|
Taco Bell Funding, Ser 2021-1A, Cl A2II |
|
|
|
|
|
|
|
|
2.294%, 08/25/2051 (B) |
|
|
583 |
|
|
|
506 |
|
Tricon American Homes Trust, Ser 2019-SFR1, Cl A |
|
|
|
|
|
|
|
|
2.750%, 03/17/2038 (B) |
|
|
269 |
|
|
|
255 |
|
Tricon Residential Trust, Ser 2021-SFR1, Cl A |
|
|
|
|
|
|
|
|
1.943%, 07/17/2038 (B) |
|
|
850 |
|
|
|
788 |
|
Triumph Rail Holdings, Ser 2021-2, Cl A |
|
|
|
|
|
|
|
|
2.150%, 06/19/2051 (B) |
|
|
254 |
|
|
|
230 |
|
TRP 2021, Ser 2021-1, Cl A |
|
|
|
|
|
|
|
|
2.070%, 06/19/2051 (B) |
|
|
464 |
|
|
|
418 |
|
United States Small Business Administration, Ser 2010-20H, Cl 1 |
|
|
|
|
|
|
|
|
3.520%, 08/01/2030 |
|
|
94 |
|
|
|
89 |
|
United States Small Business Administration, Ser 2011-20B, Cl 1 |
|
|
|
|
|
|
|
|
4.220%, 02/01/2031 |
|
|
89 |
|
|
|
86 |
|
United States Small Business Administration, Ser 2011-20J, Cl 1 |
|
|
|
|
|
|
|
|
2.760%, 10/01/2031 |
|
|
67 |
|
|
|
62 |
|
United States Small Business Administration, Ser 2013-20K, Cl 1 |
|
|
|
|
|
|
|
|
3.380%, 11/01/2033 |
|
|
291 |
|
|
|
275 |
|
United States Small Business Administration, Ser 2014-20F, Cl 1 |
|
|
|
|
|
|
|
|
2.990%, 06/01/2034 |
|
|
428 |
|
|
|
397 |
|
United States Small Business Administration, Ser 2015-20C, Cl 1 |
|
|
|
|
|
|
|
|
2.720%, 03/01/2035 |
|
|
338 |
|
|
|
308 |
|
United States Small Business Administration, Ser 2015-20E, Cl 1 |
|
|
|
|
|
|
|
|
2.770%, 05/01/2035 |
|
|
213 |
|
|
|
192 |
|
United States Small Business Administration, Ser 2015-20K, Cl 1 |
|
|
|
|
|
|
|
|
2.700%, 11/01/2035 |
|
|
267 |
|
|
|
244 |
|
United States Small Business Administration, Ser 2017-20J, Cl 1 |
|
|
|
|
|
|
|
|
2.850%, 10/01/2037 |
|
|
350 |
|
|
|
318 |
|
United States Small Business Administration, Ser 2018-20E, Cl 1 |
|
|
|
|
|
|
|
|
3.500%, 05/01/2038 |
|
|
701 |
|
|
|
649 |
|
United States Small Business Administration, Ser 2022-25D, Cl 1 |
|
|
|
|
|
|
|
|
3.500%, 04/01/2047 |
|
|
668 |
|
|
|
606 |
|
United States Small Business Administration, Ser 2022-25E, Cl 1 |
|
|
|
|
|
|
|
|
3.940%, 05/01/2047 |
|
|
929 |
|
|
|
866 |
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund (Continued)
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
ASSET-BACKED SECURITIES (continued) |
United States Small Business Administration, Ser 2022-25F, Cl 1 |
|
|
|
|
|
|
|
|
4.010%, 06/01/2047 |
|
$ |
945 |
|
|
$ |
886 |
|
United States Small Business Administration, Ser 2022-25G, Cl 1 |
|
|
|
|
|
|
|
|
3.930%, 07/01/2047 |
|
|
911 |
|
|
|
849 |
|
United States Small Business Administration, Ser 2022-25H, Cl 1 |
|
|
|
|
|
|
|
|
3.800%, 08/01/2047 |
|
|
447 |
|
|
|
413 |
|
United States Small Business Administration, Ser 2022-25K, Cl 1 |
|
|
|
|
|
|
|
|
5.130%, 11/01/2047 |
|
|
527 |
|
|
|
528 |
|
United States Small Business Administration, Ser 2023-25F, Cl 1 |
|
|
|
|
|
|
|
|
4.930%, 06/01/2048 |
|
|
856 |
|
|
|
849 |
|
United States Small Business Administration, Ser 2023-25J, Cl 1 |
|
|
|
|
|
|
|
|
5.820%, 10/01/2048 |
|
|
537 |
|
|
|
557 |
|
United States Small Business Administration, Ser 2024-25C, Cl 1 |
|
|
|
|
|
|
|
|
4.970%, 03/01/2049 |
|
|
816 |
|
|
|
813 |
|
Wendy's Funding, Ser 2019-1A, Cl A2I |
|
|
|
|
|
|
|
|
3.783%, 06/15/2049 (B) |
|
|
305 |
|
|
|
293 |
|
Wendy's Funding, Ser 2021-1A, Cl A2I |
|
|
|
|
|
|
|
|
2.370%, 06/15/2051 (B) |
|
|
601 |
|
|
|
523 |
|
Wendy's Funding, Ser 2021-1A, Cl A2II |
|
|
|
|
|
|
|
|
2.775%, 06/15/2051 (B) |
|
|
258 |
|
|
|
216 |
|
Wind River CLO, Ser 2021-3A, Cl A |
|
|
|
|
|
|
|
|
6.729%, US0003M + 1.150%, 07/20/2033 (A)(B) |
|
|
614 |
|
|
|
613 |
|
| |
|
|
|
|
|
|
26,176 |
|
| |
|
|
|
|
|
|
|
|
Total Asset-Backed Securities |
|
|
|
|
|
|
|
|
(Cost $28,857) ($ Thousands) |
|
|
|
|
|
|
27,371 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
MUNICIPAL BONDS — 1.2% |
California — 0.5% |
|
|
|
|
California Health Facilities Financing Authority, RB |
|
|
|
|
|
|
|
|
3.378%, 06/01/2028 |
|
|
575 |
|
|
|
550 |
|
San Jose, Financing Authority, RB |
|
|
|
|
|
|
|
|
1.311%, 06/01/2026 |
|
|
540 |
|
|
|
502 |
|
University of California, Ser BU, RB |
|
|
|
|
|
|
|
|
4.932%, 05/15/2034 |
|
|
875 |
|
|
|
886 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
1,938 |
|
| |
|
|
|
|
|
|
|
|
Illinois — 0.3% |
|
|
|
|
Sales Tax Securitization, RB |
|
|
|
|
|
|
|
|
4.847%, 01/01/2031 |
|
|
930 |
|
|
|
932 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
Description |
|
Face Amount
(Thousands) |
|
|
Market Value
($ Thousands) |
|
MUNICIPAL BONDS (continued) |
New York — 0.2% |
|
|
|
|
New York State Urban Development, RB |
|
|
|
|
|
|
|
|
3.350%, 03/15/2026 (E) |
|
$ |
665 |
|
|
$ |
647 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Wisconsin — 0.2% |
|
|
|
|
State of Wisconsin, Ser A, RB, AGM |
|
|
|
|
|
|
|
|
5.700%, 05/01/2026 |
|
|
595 |
|
|
|
599 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Total Municipal Bonds |
|
|
|
|
|
|
|
|
(Cost $4,187) ($ Thousands) |
|
|
|
|
|
|
4,116 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
SOVEREIGN DEBT — 0.9% |
| |
|
|
|
|
|
|
|
|
Colombia Government International Bond |
|
|
|
|
|
|
|
|
5.625%, 02/26/2044 |
|
|
280 |
|
|
|
221 |
|
5.200%, 05/15/2049 |
|
|
310 |
|
|
|
227 |
|
3.125%, 04/15/2031 |
|
|
220 |
|
|
|
176 |
|
Indonesia Government International Bond MTN |
|
|
|
|
|
|
|
|
5.125%, 01/15/2045(B) |
|
|
200 |
|
|
|
198 |
|
Korea Housing Finance |
|
|
|
|
|
|
|
|
4.625%, 02/24/2033(B) |
|
|
360 |
|
|
|
349 |
|
Mexico Government International Bond |
|
|
|
|
|
|
|
|
3.500%, 02/12/2034 |
|
|
1,040 |
|
|
|
865 |
|
Peruvian Government International Bond |
|
|
|
|
|
|
|
|
3.550%, 03/10/2051 |
|
|
90 |
|
|
|
65 |
|
Province of Quebec Canada, Ser A MTN |
|
|
|
|
|
|
|
|
6.350%, 01/30/2026 |
|
|
1,010 |
|
|
|
1,027 |
|
| |
|
|
|
|
|
|
|
|
Total Sovereign Debt |
|
|
|
|
(Cost $3,578) ($ Thousands) |
|
|
3,128 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
Shares
|
|
|
|
|
|
CASH EQUIVALENT — 1.3% |
SEI Daily Income Trust, Government Fund, Cl Institutional |
|
|
|
|
|
|
|
|
5.130%**† |
|
|
4,304,358 |
|
|
|
4,304 |
|
Total Cash Equivalent |
|
|
|
|
|
|
|
|
(Cost $4,304) ($ Thousands) |
|
|
|
|
|
|
4,304 |
|
| |
|
|
|
|
|
|
|
|
PURCHASED OPTIONS — 0.0% |
Total Purchased Options |
|
|
|
|
|
|
|
|
(Cost $47) ($ Thousands) |
|
|
|
|
|
|
33 |
|
| |
|
|
|
|
|
|
|
|
Total Investments in Securities — 100.8% |
|
|
|
|
|
|
|
|
(Cost $364,241) ($ Thousands) |
|
$ |
338,534 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
WRITTEN OPTIONS — (0.0)% |
Total Written Options |
|
|
|
|
|
|
|
|
(Premiums Received $41) ($ Thousands) |
|
|
|
|
|
$ |
(16 |
) |
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund (Continued)
A list of open exchange traded options contracts for the Fund at March 31, 2024, is as follows:
Description |
|
Number of Contracts |
|
|
Notional Amount
(Thousands) |
|
|
Exercise Price |
|
|
Expiration Date |
|
|
Value
(Thousands) |
|
PURCHASED OPTIONS — 0.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Put Options |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 Month SOFR |
|
|
39 |
|
|
$ |
9,311 |
|
|
$ |
95.50 |
|
|
|
12/21/2024 |
|
|
$ |
32 |
|
3 Month SOFR |
|
|
33 |
|
|
|
7,817 |
|
|
|
94.75 |
|
|
|
4/20/2024 |
|
|
|
– |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
17,128 |
|
|
|
|
|
|
|
|
|
|
|
32 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Call Options |
|
|
|
|
|
|
– |
|
|
|
|
|
|
|
|
|
|
|
|
|
2 Year Futures |
|
|
7 |
|
|
|
1,449 |
|
|
|
103.50 |
|
|
|
5/18/2024 |
|
|
|
1 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Purchased Options |
|
|
|
|
|
$ |
18,577 |
|
|
|
|
|
|
|
|
|
|
$ |
33 |
|
WRITTEN OPTIONS — 0.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Put Options |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 Month SOFR |
|
|
(39 |
) |
|
$ |
(9,262 |
) |
|
|
95.00 |
|
|
|
12/21/2024 |
|
|
$ |
(11 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Call Options |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 Year Futures |
|
|
(7 |
) |
|
|
(1,463 |
) |
|
|
104.50 |
|
|
|
05/18/2024 |
|
|
|
– |
|
3 Month SOFR |
|
|
(39 |
) |
|
|
(9,470 |
) |
|
|
97.13 |
|
|
|
12/21/2024 |
|
|
|
(5 |
) |
U.S. Bond Futures |
|
|
(2 |
) |
|
|
(260 |
) |
|
|
130.00 |
|
|
|
05/18/2024 |
|
|
|
– |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
(11,193 |
) |
|
|
|
|
|
|
|
|
|
|
(5 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Written Options |
|
|
|
|
|
$ |
(20,455 |
) |
|
|
|
|
|
|
|
|
|
$ |
(16 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
A list of the open futures contracts held by the Fund at March 31, 2024, is as follows:
Type of Contract |
|
Number of
Contracts |
|
|
Expiration Date |
|
|
Notional Amount (Thousands) |
|
|
Value
(Thousands) |
|
|
Unrealized Appreciation
(Depreciation)(Thousands) |
|
Long Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 Month SOFR |
|
|
74 |
|
|
|
Mar-2025 |
|
|
$ |
17,793 |
|
|
$ |
17,654 |
|
|
$ |
(139 |
) |
3 Month SOFR |
|
|
105 |
|
|
|
Mar-2026 |
|
|
|
25,224 |
|
|
|
25,264 |
|
|
|
40 |
|
U.S. 5-Year Treasury Note |
|
|
5 |
|
|
|
Jun-2024 |
|
|
|
537 |
|
|
|
536 |
|
|
|
(1 |
) |
U.S. 10-Year Treasury Note |
|
|
167 |
|
|
|
Jun-2024 |
|
|
|
18,416 |
|
|
|
18,503 |
|
|
|
87 |
|
Ultra 10-Year U.S. Treasury Note |
|
|
81 |
|
|
|
Jun-2024 |
|
|
|
9,216 |
|
|
|
9,284 |
|
|
|
68 |
|
| |
|
|
|
|
|
|
|
|
|
|
71,186 |
|
|
|
71,241 |
|
|
|
55 |
|
Short Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 Month SOFR |
|
|
(13 |
) |
|
|
Jun-2024 |
|
|
$ |
(3,074 |
) |
|
$ |
(3,077 |
) |
|
$ |
(3 |
) |
U.S. 2-Year Treasury Note |
|
|
(46 |
) |
|
|
Jun-2024 |
|
|
|
(9,413 |
) |
|
|
(9,406 |
) |
|
|
7 |
|
U.S. Long Treasury Bond |
|
|
(190 |
) |
|
|
Jun-2024 |
|
|
|
(22,565 |
) |
|
|
(22,883 |
) |
|
|
(318 |
) |
U.S. Ultra Long Treasury Bond |
|
|
(36 |
) |
|
|
Jun-2024 |
|
|
|
(4,569 |
) |
|
|
(4,644 |
) |
|
|
(75 |
) |
| |
|
|
|
|
|
|
|
|
|
|
(39,621 |
) |
|
|
(40,010 |
) |
|
|
(389 |
) |
| |
|
|
|
|
|
|
|
|
|
$ |
31,565 |
|
|
$ |
31,231 |
|
|
$ |
(334 |
) |
|
Percentages are based on Net Assets of $335,718 ($ Thousands). |
** |
The rate reported is the 7-day effective yield as of March 31, 2024. |
† |
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, 2024, the value of these securities amounted to $49,522 ($ Thousands), representing 14.8% of the Net Assets of the Fund. |
(C) |
Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. |
(D) |
Zero coupon security. |
(E) |
Security is escrowed to maturity. |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Income Fund (Concluded)
The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2024 ($ Thousands):
Security Description |
|
Value 6/30/2023 |
|
|
Purchases at Cost |
|
|
Proceeds from Sales |
|
|
Realized Gain/(Loss) |
|
|
Change in Unrealized Appreciation/(Depreciation) |
|
|
Value 3/31/2024 |
|
|
Income |
|
|
Capital Gains |
|
SEI Daily Income Trust, Government Fund, Institutional Class |
|
$ |
1,278 |
|
|
$ |
84,063 |
|
|
$ |
(81,037 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
4,304 |
|
|
$ |
36 |
|
|
$ |
— |
|
Amounts designated as “—” are $0 or have been rounded to $0.
See “Glossary” for abbreviations.
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Balanced Growth Fund
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
AFFILIATED INVESTMENT FUNDS — 98.6% |
Equity Fund — 61.5% |
|
|
|
|
New Covenant Growth Fund † |
|
|
3,476,155 |
|
|
$ |
217,364 |
|
| |
|
|
|
|
|
|
|
|
Total Equity Fund |
|
|
|
|
|
|
|
|
(Cost $91,301) ($ Thousands) |
|
|
|
|
|
|
217,364 |
|
Fixed Income Fund — 37.1% |
|
|
|
|
New Covenant Income Fund † |
|
|
6,337,797 |
|
|
|
131,192 |
|
| |
|
|
|
|
|
|
|
|
Total Fixed Income Fund |
|
|
|
|
|
|
|
|
(Cost $142,828) ($ Thousands) |
|
|
|
|
|
|
131,192 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
CASH EQUIVALENT — 1.3% |
SEI Daily Income Trust, Government Fund, Cl Institutional |
|
|
|
|
|
|
|
|
5.130%**† |
|
|
4,644,129 |
|
|
$ |
4,644 |
|
Total Cash Equivalent |
|
|
|
|
|
|
|
|
(Cost $4,644) ($ Thousands) |
|
|
|
|
|
|
4,644 |
|
Total Investments in Securities — 99.9% |
|
|
|
|
|
|
|
|
(Cost $238,773) ($ Thousands) |
|
$ |
353,200 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
Percentages are based on Net Assets of $353,514 ($ Thousands). |
** |
The rate reported is the 7-day effective yield as of March 31, 2024. |
† |
Investment in Affiliated Security. |
The following is a summary of the transactions with affiliates for the period ended March 31, 2024 ($ Thousands):
Security Description |
|
Value 6/30/2023 |
|
|
Purchases at Cost |
|
|
Proceeds from Sales |
|
|
Realized Gain/(Loss) |
|
|
Change in Unrealized Appreciation/(Depreciation) |
|
|
Value 3/31/2024 |
|
|
Income |
|
|
Capital Gains |
|
New Covenant Growth Fund |
|
$ |
207,077 |
|
|
$ |
11,539 |
|
|
$ |
(45,551 |
) |
|
$ |
29,223 |
|
|
$ |
15,076 |
|
|
$ |
217,364 |
|
|
$ |
1,415 |
|
|
$ |
— |
|
New Covenant Income Fund |
|
|
125,381 |
|
|
|
5,033 |
|
|
|
— |
|
|
|
— |
|
|
|
778 |
|
|
|
131,192 |
|
|
|
2,869 |
|
|
|
— |
|
SEI Daily Income Trust, Government Fund, Institutional Class |
|
|
3,145 |
|
|
|
20,034 |
|
|
|
(18,535 |
) |
|
|
— |
|
|
|
— |
|
|
|
4,644 |
|
|
|
107 |
|
|
|
— |
|
Totals |
|
$ |
335,603 |
|
|
$ |
36,606 |
|
|
$ |
(64,086 |
) |
|
$ |
29,223 |
|
|
$ |
15,854 |
|
|
$ |
353,200 |
|
|
$ |
4,391 |
|
|
$ |
— |
|
See “Glossary” for abbreviations.
Amounts designated as "—" are $0 or have been rounded to $0.
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2024
New Covenant Balanced Income Fund
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
AFFILIATED INVESTMENT FUNDS — 99.0% |
Fixed Income Fund — 62.4% |
|
|
|
|
New Covenant Income Fund † |
|
|
2,277,337 |
|
|
$ |
47,141 |
|
| |
|
|
|
|
|
|
|
|
Total Fixed Income Fund |
|
|
|
|
|
|
|
|
(Cost $51,819) ($ Thousands) |
|
|
|
|
|
|
47,141 |
|
Equity Fund — 36.6% |
|
|
|
|
New Covenant Growth Fund † |
|
|
442,460 |
|
|
|
27,667 |
|
| |
|
|
|
|
|
|
|
|
Total Equity Fund |
|
|
|
|
|
|
|
|
(Cost $9,860) ($ Thousands) |
|
|
|
|
|
|
27,667 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
Description |
|
Shares |
|
|
Market Value
($ Thousands) |
|
CASH EQUIVALENT — 0.8% |
SEI Daily Income Trust, Government Fund, Cl Institutional |
|
|
|
|
|
|
|
|
5.130%**† |
|
|
641,122 |
|
|
$ |
641 |
|
Total Cash Equivalent |
|
|
|
|
|
|
|
|
(Cost $641) ($ Thousands) |
|
|
|
|
|
|
641 |
|
Total Investments in Securities — 99.8% |
|
|
|
|
|
|
|
|
(Cost $62,320) ($ Thousands) |
|
$ |
75,449 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
Percentages are based on Net Assets of $75,563 ($ Thousands). |
** |
The rate reported is the 7-day effective yield as of March 31, 2024. |
† |
Investment in Affiliated Security. |
The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2024 ($ Thousands):
Security Description |
|
Value 6/30/2023 |
|
|
Purchases at Cost |
|
|
Proceeds from Sales |
|
|
Realized Gain/(Loss) |
|
|
Change in Unrealized Appreciation/(Depreciation) |
|
|
Value 3/31/2024 |
|
|
Income |
|
|
Capital Gains |
|
New Covenant Growth Fund |
|
$ |
27,617 |
|
|
$ |
1,469 |
|
|
$ |
(7,099 |
) |
|
$ |
4,937 |
|
|
$ |
743 |
|
|
$ |
27,667 |
|
|
$ |
182 |
|
|
$ |
— |
|
New Covenant Income Fund |
|
|
49,397 |
|
|
|
573 |
|
|
|
(3,041 |
) |
|
|
(545 |
) |
|
|
757 |
|
|
|
47,141 |
|
|
|
1,072 |
|
|
|
— |
|
SEI Daily Income Trust, Government Fund, Institutional Class |
|
|
765 |
|
|
|
9,044 |
|
|
|
(9,168 |
) |
|
|
— |
|
|
|
— |
|
|
|
641 |
|
|
|
25 |
|
|
|
— |
|
Totals |
|
$ |
77,779 |
|
|
$ |
11,086 |
|
|
$ |
(19,308 |
) |
|
$ |
4,392 |
|
|
$ |
1,500 |
|
|
$ |
75,449 |
|
|
$ |
1,279 |
|
|
$ |
— |
|
See “Glossary” for abbreviations.
Amounts designated as "—" are $0 or have been rounded to $0.
Glossary (abbeviations which may be used in the preceding Schedules of Investments):
Portfolio Abbreviations |
ABS — Asset-Backed Security |
AGM — Assured Guaranty Municipal |
Cl — Class |
CLO — Collateralized Loan Obligation |
CMO — Collateralized Mortgage Obligation |
DAC — Designated Activity Company |
FHLB — Federal Home Loan Bank |
FHLMC — Federal Home Loan Mortgage Corporation |
FNMA — Federal National Mortgage Association |
FRESB — Freddie Mac Small Balance Mortgage Trust |
GNMA — Government National Mortgage Association |
IO — Interest Only - face amount represents notional amount |
JSC — Joint Stock Company |
L.P. — Limited Partnership |
MTN — Medium Term Note |
PLC — Public Limited Company |
RB — Revenue Bond |
REMIC — Real Estate Mortgage Investment Conduit |
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 |
TSFR3M — Term Secured Overnight Financing Rate 3 Month |
USD — U.S. Dollar |