SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK — 95.0% |
| |||||||
United States — 95.0% |
| |||||||
Communication Services — 8.7% |
| |||||||
Activision Blizzard Inc | 8,807 | $ | 819 | |||||
Alphabet Inc, Cl A * | 4,202 | 8,667 | ||||||
Alphabet Inc, Cl C * | 4,147 | 8,579 | ||||||
AT&T Inc | 119,675 | 3,623 | ||||||
Bandwidth Inc, Cl A * | 74 | 9 | ||||||
Cardlytics Inc * | 143 | 16 | ||||||
Cars.com Inc * | 4,178 | 54 | ||||||
Charter Communications Inc, Cl A * | 1,676 | 1,034 | ||||||
Cinemark Holdings Inc | 2,104 | 43 | ||||||
Cogent Communications Holdings Inc | 148 | 10 | ||||||
Comcast Corp, Cl A | 56,021 | 3,031 | ||||||
Electronic Arts Inc | 2,676 | 362 | ||||||
Emerald Holding Inc * | 4,781 | 26 | ||||||
Eventbrite Inc, Cl A * | 2,537 | 56 | ||||||
EverQuote Inc, Cl A * | 1,468 | 53 | ||||||
EW Scripps Co/The, Cl A | 3,299 | 64 | ||||||
Facebook Inc, Cl A * | 31,708 | 9,339 | ||||||
Fox Corp, Cl A | 1,372 | 50 | ||||||
IAC/InterActiveCorp * | 376 | 81 | ||||||
IMAX Corp * | 2,244 | 45 | ||||||
Interpublic Group of Cos Inc/The | 8,487 | 248 | ||||||
Iridium Communications Inc * | 366 | 15 | ||||||
John Wiley & Sons Inc, Cl A | 236 | 13 | ||||||
Liberty Broadband Corp, Cl A * | 81 | 12 | ||||||
Liberty Broadband Corp, Cl C * | 843 | 127 | ||||||
Liberty Media Corp-Liberty Formula One, Cl C * | 1,355 | 59 | ||||||
Live Nation Entertainment Inc * | 181 | 15 | ||||||
Lumen Technologies | 872 | 12 | ||||||
Madison Square Garden Entertainment Corp * | 39 | 3 | ||||||
Match Group Inc * | 1,537 | 211 | ||||||
Meredith Corp | 1,401 | 42 | ||||||
MSG Networks Inc * | 2,988 | 45 | ||||||
New York Times Co/The, Cl A | 439 | 22 | ||||||
Nexstar Media Group Inc, Cl A | 455 | 64 | ||||||
Omnicom Group Inc | 10,137 | 752 | ||||||
Pinterest, Cl A * | 2,610 | 193 | ||||||
Scholastic Corp | 1,266 | 38 | ||||||
Shenandoah Telecommunications Co | 222 | 11 | ||||||
Sirius XM Holdings Inc | 7,153 | 44 | ||||||
Spotify Technology SA * | 1,265 | 339 | ||||||
Take-Two Interactive Software Inc * | 830 | 147 | ||||||
TechTarget Inc * | 1,986 | 138 | ||||||
TEGNA Inc | 3,052 | 57 | ||||||
T-Mobile US Inc * | 5,590 | 700 | ||||||
Twitter Inc * | 7,369 | 469 | ||||||
Verizon Communications Inc | 57,853 | 3,364 | ||||||
ViacomCBS Inc, Cl B | 7,304 | 329 | ||||||
Walt Disney Co/The | 23,468 | 4,330 | ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
World Wrestling Entertainment Inc, Cl A | 780 | $ | 42 | |||||
Zillow Group Inc, Cl C * | 1,112 | 144 | ||||||
Zynga Inc, Cl A * | 14,448 | 148 | ||||||
|
|
| ||||||
| 48,094 | ||||||||
|
|
| ||||||
Consumer Discretionary — 12.6% |
| |||||||
1-800-Flowers.com Inc, Cl A * | 3,668 | 101 | ||||||
Aaron’s Co Inc | 416 | 11 | ||||||
Abercrombie & Fitch Co, Cl A | 2,970 | 102 | ||||||
Adtalem Global Education Inc * | 1,460 | 58 | ||||||
Advance Auto Parts Inc | 317 | 58 | ||||||
Amazon.com Inc * | 5,618 | 17,383 | ||||||
American Eagle Outfitters Inc | 3,416 | 100 | ||||||
American Public Education Inc * | 1,831 | 65 | ||||||
Aramark | 260 | 10 | ||||||
Asbury Automotive Group Inc * | 425 | 84 | ||||||
At Home Group Inc * | 6,757 | 194 | ||||||
AutoNation Inc * | 970 | 90 | ||||||
AutoZone Inc * | 235 | 330 | ||||||
Bed Bath & Beyond Inc | 2,963 | 86 | ||||||
Best Buy Co Inc | 14,318 | 1,644 | ||||||
Big Lots Inc | 1,758 | 120 | ||||||
Bloomin’ Brands Inc | 2,259 | 61 | ||||||
Booking Holdings Inc * | 563 | 1,312 | ||||||
Boot Barn Holdings Inc * | 1,181 | 74 | ||||||
BorgWarner Inc | 321 | 15 | ||||||
Bright Horizons Family Solutions Inc * | 76 | 13 | ||||||
Brinker International Inc | 1,180 | 84 | ||||||
Brunswick Corp/DE | 839 | 80 | ||||||
Buckle Inc/The | 1,885 | 74 | ||||||
Burlington Stores Inc * | 482 | 144 | ||||||
Cable One Inc | 79 | 144 | ||||||
Callaway Golf Co | 2,383 | 64 | ||||||
Capri Holdings Ltd * | 1,319 | 67 | ||||||
CarMax Inc * | 1,086 | 144 | ||||||
Carnival Corp * | 15,800 | 419 | ||||||
Carter’s Inc | 471 | 42 | ||||||
Carvana Co, Cl A * | 309 | 81 | ||||||
Cavco Industries Inc * | 255 | 58 | ||||||
Cheesecake Factory Inc/The | 1,236 | 72 | ||||||
Chegg Inc * | 176 | 15 | ||||||
Children’s Place Inc/The * | 812 | 57 | ||||||
Chipotle Mexican Grill Inc, Cl A * | 232 | 330 | ||||||
Choice Hotels International Inc | 113 | 12 | ||||||
Columbia Sportswear Co | 891 | 94 | ||||||
Cooper Tire & Rubber Co | 330 | 18 | ||||||
Cracker Barrel Old Country Store Inc | 323 | 56 | ||||||
Dana Inc | 2,660 | 65 | ||||||
Darden Restaurants Inc | 705 | 100 | ||||||
Dave & Buster’s Entertainment Inc | 1,283 | 61 | ||||||
Deckers Outdoor Corp * | 306 | 101 | ||||||
Denny’s Corp * | 2,500 | 45 | ||||||
| New Covenant Funds/ Quarterly Report /March 31, 2021 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Continued)
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Designer Brands Inc, Cl A | 3,316 | $ | 58 | |||||
Dick’s Sporting Goods Inc | 1,054 | 80 | ||||||
Dillard’s Inc, Cl A | 726 | 70 | ||||||
Discovery Inc, Cl C * | 354 | 13 | ||||||
Dollar General Corp | 2,608 | 528 | ||||||
Dollar Tree Inc * | 1,320 | 151 | ||||||
Domino’s Pizza Inc | 309 | 114 | ||||||
Dorman Products Inc * | 128 | 13 | ||||||
DR Horton Inc | 1,973 | 176 | ||||||
eBay Inc | 20,542 | 1,258 | ||||||
Etsy Inc * | 1,162 | 234 | ||||||
Expedia Group Inc | 389 | 67 | ||||||
Five Below Inc * | 410 | 78 | ||||||
Floor & Decor Holdings Inc, Cl A * | 232 | 22 | ||||||
Foot Locker Inc | 1,308 | 74 | ||||||
Ford Motor Co * | 32,028 | 392 | ||||||
Fox Factory Holding Corp * | 749 | 95 | ||||||
frontdoor Inc * | 251 | 14 | ||||||
Gap Inc/The | 11,382 | 339 | ||||||
General Motors Co | 11,957 | 687 | ||||||
Gentex Corp | 440 | 16 | ||||||
Gentherm Inc * | 184 | 14 | ||||||
Genuine Parts Co | 109 | 13 | ||||||
Goodyear Tire & Rubber Co/The | 690 | 12 | ||||||
Graham Holdings Co, Cl B | 78 | 44 | ||||||
Grand Canyon Education Inc * | 121 | 13 | ||||||
Group 1 Automotive Inc | 86 | 14 | ||||||
GrowGeneration * | 2,599 | 129 | ||||||
Grubhub Inc * | 1,289 | 77 | ||||||
Guess? Inc | 2,341 | 55 | ||||||
H&R Block Inc | 3,157 | 69 | ||||||
Hanesbrands Inc | 13,319 | 262 | ||||||
Harley-Davidson Inc | 306 | 12 | ||||||
Hasbro Inc | 2,632 | 253 | ||||||
Helen of Troy Ltd * | 57 | 12 | ||||||
Hilton Grand Vacations Inc * | 3,016 | 113 | ||||||
Hilton Worldwide Holdings Inc * | 4,365 | 528 | ||||||
Home Depot Inc/The | 14,251 | 4,350 | ||||||
Hyatt Hotels Corp, Cl A | 135 | 11 | ||||||
Installed Building Products Inc | 694 | 77 | ||||||
iRobot Corp * | 1,013 | 124 | ||||||
Jack in the Box Inc | 658 | 72 | ||||||
Johnson Outdoors Inc, Cl A | 659 | 94 | ||||||
KB Home | 4,733 | 220 | ||||||
Kohl’s Corp | 1,859 | 111 | ||||||
Kontoor Brands Inc | 1,282 | 62 | ||||||
L Brands Inc * | 638 | 39 | ||||||
La-Z-Boy Inc, Cl Z | 1,597 | 68 | ||||||
LCI Industries | 483 | 64 | ||||||
Lear Corp | 6,486 | 1,176 | ||||||
Leggett & Platt Inc | 222 | 10 | ||||||
Lennar Corp, Cl A | 651 | 66 | ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Lennar Corp, Cl B | 728 | $ | 60 | |||||
LGI Homes Inc * | 127 | 19 | ||||||
Liberty Media Corp-Liberty SiriusXM, Cl C * | 234 | 10 | ||||||
LKQ Corp * | 317 | 13 | ||||||
Lowe’s Cos Inc | 15,716 | 2,989 | ||||||
M/I Homes Inc * | 1,195 | 71 | ||||||
Macy’s Inc | 4,042 | 65 | ||||||
Madison Square Garden Sports Corp * | 39 | 7 | ||||||
Magnite Inc * | 1,140 | 47 | ||||||
Malibu Boats Inc, Cl A * | 202 | 16 | ||||||
Marriott International Inc/MD, Cl A | 3,599 | 533 | ||||||
Marriott Vacations Worldwide Corp | 394 | 69 | ||||||
Mattel Inc * | 14,805 | 295 | ||||||
McDonald’s Corp | 11,361 | 2,546 | ||||||
Meritage Homes Corp * | 794 | 73 | ||||||
Michaels Cos Inc/The * | 7,530 | 165 | ||||||
Mohawk Industries Inc * | 127 | 24 | ||||||
Monro Inc | 626 | 41 | ||||||
Murphy USA Inc | 422 | 61 | ||||||
National Vision Holdings Inc * | 447 | 20 | ||||||
Netflix Inc * | 5,231 | 2,729 | ||||||
Newell Brands Inc | 605 | 16 | ||||||
News Corp, Cl A | 829 | 21 | ||||||
NIKE Inc, Cl B | 17,693 | 2,351 | ||||||
Nordstrom Inc * | 3,866 | 146 | ||||||
Norwegian Cruise Line Holdings Ltd * | 14,956 | 413 | ||||||
NVR Inc * | 13 | 61 | ||||||
Office Depot Inc | 283 | 12 | ||||||
Ollie’s Bargain Outlet Holdings Inc * | 212 | 18 | ||||||
OneSpaWorld Holdings Ltd | 3,063 | 33 | ||||||
O’Reilly Automotive Inc * | 677 | 343 | ||||||
Oxford Industries Inc | 665 | 58 | ||||||
Papa John’s International Inc | 806 | 71 | ||||||
Peloton Interactive Inc, Cl A * | 3,058 | 344 | ||||||
Penske Automotive Group Inc | 957 | 77 | ||||||
PetMed Express Inc | 366 | 13 | ||||||
Planet Fitness Inc, Cl A * | 3,228 | 250 | ||||||
Polaris Inc | 966 | 129 | ||||||
PulteGroup Inc | 5,125 | 269 | ||||||
PVH Corp | 108 | 11 | ||||||
Qurate Retail Inc | 1,412 | 17 | ||||||
Ralph Lauren Corp, Cl A | 690 | 85 | ||||||
RealReal Inc/The * | 2,868 | 65 | ||||||
Rent-A-Center Inc/TX, Cl A | 1,764 | 102 | ||||||
RH * | 224 | 134 | ||||||
Roku Inc, Cl A * | 1,227 | 400 | ||||||
Ross Stores Inc | 3,209 | 385 | ||||||
Royal Caribbean Cruises Ltd | 8,804 | 754 | ||||||
Sally Beauty Holdings Inc * | 2,794 | 56 | ||||||
SeaWorld Entertainment Inc * | 1,594 | 79 | ||||||
Service Corp International/US | 250 | 13 | ||||||
Shake Shack Inc, Cl A * | 157 | 18 | ||||||
| 2 | New Covenant Funds/ Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Continued)
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Shutterstock Inc | 205 | $ | 18 | |||||
Signet Jewelers Ltd * | 2,402 | 139 | ||||||
Six Flags Entertainment Corp | 248 | 12 | ||||||
Sleep Number Corp * | 1,033 | 148 | ||||||
Stamps.com Inc * | 630 | 126 | ||||||
Standard Motor Products Inc | 943 | 39 | ||||||
Starbucks Corp | 16,902 | 1,847 | ||||||
Steven Madden Ltd | 1,178 | 44 | ||||||
Stitch Fix Inc, Cl A * | 1,950 | 97 | ||||||
Strategic Education Inc | 331 | 30 | ||||||
Stride Inc * | 348 | 10 | ||||||
Tapestry Inc * | 2,803 | 116 | ||||||
Target Corp | 6,577 | 1,303 | ||||||
Taylor Morrison Home Corp, Cl A * | 12,743 | 393 | ||||||
Tempur Sealy International Inc | 2,272 | 83 | ||||||
Tenneco Inc, Cl A * | 3,599 | 39 | ||||||
Terminix Global Holdings Inc * | 303 | 14 | ||||||
Tesla Inc * | 10,021 | 6,693 | ||||||
Texas Roadhouse Inc, Cl A * | 889 | 85 | ||||||
Thor Industries Inc | 106 | 14 | ||||||
TJX Cos Inc/The | 14,736 | 975 | ||||||
Toll Brothers Inc | 2,246 | 127 | ||||||
TopBuild Corp * | 476 | 100 | ||||||
Tractor Supply Co | 2,377 | 421 | ||||||
Travel + Leisure | 4,669 | 286 | ||||||
TRI Pointe Group Inc * | 3,236 | 66 | ||||||
TripAdvisor Inc * | 1,712 | 92 | ||||||
Ulta Beauty Inc * | 279 | 86 | ||||||
Under Armour Inc, Cl C * | 556 | 10 | ||||||
Urban Outfitters Inc * | 417 | 16 | ||||||
Vail Resorts Inc | 46 | 13 | ||||||
VF Corp | 4,023 | 322 | ||||||
Visteon Corp * | 551 | 67 | ||||||
Vroom * | 1,329 | 52 | ||||||
Wayfair Inc, Cl A * | 506 | 159 | ||||||
Wendy’s Co/The | 11,419 | 231 | ||||||
Whirlpool Corp | 638 | 141 | ||||||
Williams-Sonoma Inc | 160 | 29 | ||||||
Wingstop Inc | 582 | 74 | ||||||
Winnebago Industries Inc | 191 | 15 | ||||||
Wolverine World Wide Inc | 1,511 | 58 | ||||||
Workhorse Group Inc * | 1,652 | 23 | ||||||
WW International Inc * | 1,262 | 39 | ||||||
Wyndham Hotels & Resorts Inc | 189 | 13 | ||||||
Yum China Holdings Inc | 1,913 | 113 | ||||||
Yum! Brands Inc | 8,356 | 904 | ||||||
Zumiez Inc * | 1,593 | 68 | ||||||
|
|
| ||||||
| 69,328 | ||||||||
|
|
| ||||||
Consumer Staples — 5.2% | ||||||||
Andersons Inc/The | 1,960 | 54 | ||||||
Archer-Daniels-Midland Co | 4,581 | 261 | ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
B&G Foods Inc | 862 | $ | 27 | |||||
Beyond Meat Inc * | 166 | 22 | ||||||
BJ’s Wholesale Club Holdings Inc * | 2,099 | 94 | ||||||
Bunge Ltd | 1,596 | 126 | ||||||
Calavo Growers Inc | 571 | 44 | ||||||
Campbell Soup Co | 10,354 | 520 | ||||||
Casey’s General Stores Inc | 319 | 69 | ||||||
Celsius Holdings * | 2,688 | 129 | ||||||
Chefs’ Warehouse Inc/The * | 1,366 | 42 | ||||||
Church & Dwight Co Inc | 1,025 | 90 | ||||||
Clorox Co/The | 2,716 | 524 | ||||||
Coca-Cola Co/The | 51,576 | 2,719 | ||||||
Colgate-Palmolive Co | 14,526 | 1,145 | ||||||
Conagra Brands Inc | 14,479 | 544 | ||||||
Costco Wholesale Corp | 5,167 | 1,821 | ||||||
Coty Inc, Cl A | 1,026 | 9 | ||||||
Edgewell Personal Care Co | 1,589 | 63 | ||||||
Energizer Holdings Inc | 231 | 11 | ||||||
Estee Lauder Cos Inc/The, Cl A | 2,390 | 695 | ||||||
Flowers Foods Inc | 9,872 | 235 | ||||||
Fresh Del Monte Produce Inc | 1,442 | 41 | ||||||
General Mills Inc | 13,887 | 852 | ||||||
Grocery Outlet Holding Corp * | 263 | 10 | ||||||
Hain Celestial Group Inc/The * | 461 | 20 | ||||||
Hershey Co/The | 2,295 | 363 | ||||||
HF Foods Group Inc * | 2,213 | 16 | ||||||
Hormel Foods Corp | 4,797 | 229 | ||||||
Ingredion Inc | 1,110 | 100 | ||||||
J M Smucker Co/The | 6,494 | 822 | ||||||
Kellogg Co | 6,713 | 425 | ||||||
Keurig Dr Pepper Inc | 16,196 | 557 | ||||||
Kimberly-Clark Corp | 6,484 | 902 | ||||||
Kraft Heinz Co/The | 2,811 | 112 | ||||||
Kroger Co/The | 17,094 | 615 | ||||||
Lamb Weston Holdings Inc | 594 | 46 | ||||||
Lancaster Colony Corp | 319 | 56 | ||||||
McCormick & Co Inc/MD | 5,832 | 520 | ||||||
Medifast Inc | 71 | 15 | ||||||
Mondelez International Inc, Cl A | 17,402 | 1,019 | ||||||
Monster Beverage Corp * | 1,999 | 182 | ||||||
National Beverage Corp | 344 | 17 | ||||||
NewAge * | 16,448 | 47 | ||||||
PepsiCo Inc | 27,799 | 3,932 | ||||||
Performance Food Group Co * | 1,023 | 59 | ||||||
Pilgrim’s Pride Corp * | 355 | 8 | ||||||
Post Holdings Inc * | 108 | 11 | ||||||
PriceSmart Inc | 179 | 17 | ||||||
Procter & Gamble Co/The | 30,553 | 4,138 | ||||||
Sanderson Farms Inc | 297 | 46 | ||||||
SpartanNash Co | 1,252 | 25 | ||||||
Spectrum Brands Holdings Inc | 183 | 16 | ||||||
Sprouts Farmers Market Inc * | 623 | 17 | ||||||
| New Covenant Funds/ Quarterly Report /March 31, 2021 | 3 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Continued)
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Sysco Corp | 17,657 | $ | 1,390 | |||||
TreeHouse Foods Inc * | 237 | 12 | ||||||
Tyson Foods Inc, Cl A | 859 | 64 | ||||||
US Foods Holding Corp * | 2,211 | 84 | ||||||
Walgreens Boots Alliance Inc | 8,946 | 491 | ||||||
Walmart Inc | 16,806 | 2,283 | ||||||
|
|
| ||||||
| 28,803 | ||||||||
|
|
| ||||||
Energy — 2.4% |
| |||||||
Antero Midstream Corp | 7,912 | 71 | ||||||
APA | 7,933 | 142 | ||||||
Baker Hughes Co, Cl A | 4,496 | 97 | ||||||
Cabot Oil & Gas Corp | 3,306 | 62 | ||||||
Cactus Inc, Cl A | 1,525 | 47 | ||||||
ChampionX Corp * | 383 | 8 | ||||||
Cheniere Energy Inc * | 1,265 | 91 | ||||||
Chevron Corp | 23,419 | 2,454 | ||||||
Cimarex Energy Co | 995 | 59 | ||||||
CNX Resources Corp * | 6,091 | 89 | ||||||
ConocoPhillips | 28,962 | 1,534 | ||||||
Continental Resources Inc/OK | 337 | 9 | ||||||
Devon Energy Corp | 10,311 | 225 | ||||||
Diamond S Shipping Inc * | 3,276 | 33 | ||||||
Diamondback Energy Inc | 133 | 10 | ||||||
Dril-Quip Inc * | 1,072 | 36 | ||||||
EOG Resources Inc | 4,528 | 328 | ||||||
EQT Corp * | 2,732 | 51 | ||||||
Equitrans Midstream Corp | 2,185 | 18 | ||||||
Exxon Mobil Corp | 53,141 | 2,967 | ||||||
Frank’s International NV * | 9,174 | 33 | ||||||
Golar LNG Ltd | 3,888 | 40 | ||||||
Halliburton Co | 4,450 | 95 | ||||||
Helmerich & Payne Inc | 1,494 | 40 | ||||||
Hess Corp | 4,195 | 297 | ||||||
HollyFrontier Corp | 3,119 | 112 | ||||||
International Seaways Inc | 1,773 | 34 | ||||||
Kinder Morgan Inc | 21,442 | 357 | ||||||
Magnolia Oil & Gas Corp, Cl A * | 3,984 | 46 | ||||||
Marathon Oil Corp | 5,472 | 58 | ||||||
Marathon Petroleum Corp | 7,000 | 374 | ||||||
Murphy Oil Corp | 449 | 7 | ||||||
Nabors Industries Ltd | 367 | 34 | ||||||
NOV | 482 | 7 | ||||||
Occidental Petroleum Corp | 8,202 | 218 | ||||||
Oceaneering International Inc * | 3,376 | 39 | ||||||
ONEOK Inc | 3,505 | 178 | ||||||
Patterson-UTI Energy Inc | 4,952 | 35 | ||||||
PBF Energy Inc, Cl A * | 363 | 5 | ||||||
Phillips 66 | 5,367 | 438 | ||||||
Pioneer Natural Resources Co | 2,260 | 359 | ||||||
Range Resources Corp * | 2,413 | 25 | ||||||
RPC Inc * | 10,482 | 57 | ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Schlumberger NV Ltd | 39,202 | $ | 1,066 | |||||
Southwestern Energy Co * | 21,739 | 101 | ||||||
Targa Resources Corp | 11,252 | 357 | ||||||
Valero Energy Corp | 4,715 | 338 | ||||||
Williams Cos Inc/The | 11,002 | 261 | ||||||
|
| |||||||
| 13,342 | ||||||||
|
| |||||||
Financials — 11.4% |
| |||||||
Aaron’s Holdings Inc | 832 | 36 | ||||||
Affiliated Managers Group Inc | 910 | 136 | ||||||
Aflac Inc | 4,671 | 239 | ||||||
AGNC Investment Corp ‡ | 2,838 | 48 | ||||||
Alleghany Corp * | 15 | 9 | ||||||
Allegiance Bancshares Inc | 1,318 | 53 | ||||||
Allstate Corp/The | 3,458 | 397 | ||||||
Ally Financial Inc | 1,575 | 71 | ||||||
American Express Co | 9,360 | 1,324 | ||||||
American Financial Group Inc/OH | 449 | 51 | ||||||
American Homes 4 Rent, Cl A ‡ | 1,974 | 66 | ||||||
American International Group Inc | 6,002 | 277 | ||||||
American National Group Inc | 421 | 45 | ||||||
Ameriprise Financial Inc | 1,250 | 291 | ||||||
Ameris Bancorp | 1,129 | 59 | ||||||
AMERISAFE Inc | 743 | 48 | ||||||
Annaly Capital Management Inc ‡ | 8,922 | 77 | ||||||
Apollo Commercial Real Estate Finance Inc ‡ | 2,686 | 38 | ||||||
Arch Capital Group Ltd * | 2,404 | 92 | ||||||
Argo Group International Holdings Ltd | 750 | 38 | ||||||
ARMOUR Residential REIT Inc ‡ | 2,854 | 35 | ||||||
Arthur J Gallagher & Co | 743 | 93 | ||||||
Artisan Partners Asset Management Inc, Cl A | 1,589 | 83 | ||||||
Assetmark Financial Holdings Inc * | 1,796 | 42 | ||||||
Associated Banc-Corp | 4,274 | 91 | ||||||
Assurant Inc | 87 | 12 | ||||||
Assured Guaranty Ltd | 994 | 42 | ||||||
Athene Holding Ltd, Cl A * | 1,071 | 54 | ||||||
Atlantic Union Bankshares Corp | 1,302 | 50 | ||||||
Axis Capital Holdings Ltd | 825 | 41 | ||||||
Axos Financial Inc * | 310 | 15 | ||||||
BancorpSouth Bank | 1,525 | 50 | ||||||
Bank of America Corp | 95,179 | 3,682 | ||||||
Bank of Hawaii Corp | 1,051 | 94 | ||||||
Bank of Marin Bancorp | 1,079 | 42 | ||||||
Bank of New York Mellon Corp/The | 12,656 | 598 | ||||||
Bank of NT Butterfield & Son Ltd/The | 1,324 | 51 | ||||||
Bank OZK | 366 | 15 | ||||||
BankUnited Inc | 2,418 | 106 | ||||||
Banner Corp | 851 | 45 | ||||||
Berkshire Hathaway Inc, Cl B * | 24,196 | 6,181 | ||||||
Berkshire Hills Bancorp Inc | 1,501 | 33 | ||||||
BGC Partners Inc, Cl A | 8,389 | 41 | ||||||
| 4 | New Covenant Funds/ Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Continued)
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
BlackRock Inc, Cl A | 1,878 | $ | 1,416 | |||||
Blackstone Mortgage Trust Inc, Cl A ‡ | 1,347 | 42 | ||||||
BOK Financial Corp | 568 | 51 | ||||||
Boston Private Financial Holdings Inc | 4,112 | 55 | ||||||
Boston Properties Inc ‡ | 1,468 | 149 | ||||||
Brighthouse Financial Inc * | 268 | 12 | ||||||
Brown & Brown Inc | 290 | 13 | ||||||
Bryn Mawr Bank Corp | 1,221 | 56 | ||||||
Camden National Corp | 1,097 | 52 | ||||||
Capital One Financial Corp | 4,095 | 521 | ||||||
Capitol Federal Financial Inc | 3,529 | 47 | ||||||
Capstead Mortgage Corp ‡ | 6,235 | 39 | ||||||
Cathay General Bancorp | 1,291 | 53 | ||||||
Cboe Global Markets Inc | 99 | 10 | ||||||
Central Pacific Financial Corp | 1,651 | 44 | ||||||
Charles Schwab Corp/The | 14,498 | 945 | ||||||
Chimera Investment Corp ‡ | 2,402 | 30 | ||||||
Chubb Ltd | 6,169 | 974 | ||||||
Cincinnati Financial Corp | 891 | 92 | ||||||
CIT Group Inc | 1,060 | 55 | ||||||
Citigroup Inc | 23,660 | 1,721 | ||||||
Citizens Financial Group Inc | 2,381 | 105 | ||||||
City Holding Co | 607 | 50 | ||||||
CME Group Inc, Cl A | 4,726 | 965 | ||||||
CNA Financial Corp | 253 | 11 | ||||||
Cohen & Steers Inc | 764 | 50 | ||||||
Colony Credit Real Estate Inc ‡ | 3,608 | 31 | ||||||
Columbia Banking System Inc | 1,223 | 53 | ||||||
Comerica Inc | 1,232 | 88 | ||||||
Commerce Bancshares Inc/MO | 1,562 | 120 | ||||||
Community Bank System Inc | 710 | 54 | ||||||
ConnectOne Bancorp Inc | 1,891 | 48 | ||||||
Credit Acceptance Corp * | 177 | 64 | ||||||
Cullen/Frost Bankers Inc | 850 | 92 | ||||||
CVB Financial Corp | 2,268 | 50 | ||||||
Dime Community Bancshares | 1,467 | 44 | ||||||
Discover Financial Services | 13,698 | 1,301 | ||||||
Eagle Bancorp Inc | 1,035 | 55 | ||||||
East West Bancorp Inc | 1,710 | 126 | ||||||
eHealth Inc * | 512 | 37 | ||||||
Ellington Financial Inc ‡ | 2,748 | 44 | ||||||
Enterprise Financial Services Corp | 1,063 | 53 | ||||||
Equitable Holdings Inc | 432 | 14 | ||||||
Erie Indemnity Co, Cl A | 433 | 96 | ||||||
Essent Group Ltd | 970 | 46 | ||||||
Evercore Inc, Cl A | 659 | 87 | ||||||
Everest Re Group Ltd | 179 | 44 | ||||||
FactSet Research Systems Inc | 306 | 94 | ||||||
FB Financial Corp | 1,250 | 56 | ||||||
Federal Agricultural Mortgage Corp, Cl C | 597 | 60 | ||||||
Federated Hermes Inc, Cl B | 1,492 | 47 | ||||||
Fidelity National Financial Inc | 1,063 | 43 | ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Fifth Third Bancorp | 4,599 | $ | 172 | |||||
First American Financial Corp | 814 | 46 | ||||||
First BanCorp/Puerto Rico | 4,571 | 51 | ||||||
First Busey Corp | 1,790 | 46 | ||||||
First Citizens BancShares Inc/NC, Cl A | 94 | 79 | ||||||
First Commonwealth Financial Corp | 3,365 | 48 | ||||||
First Financial Bancorp | 1,921 | 46 | ||||||
First Financial Bankshares Inc | 1,378 | 64 | ||||||
First Hawaiian Inc | 3,126 | 86 | ||||||
First Horizon National Corp | 6,041 | 102 | ||||||
First Merchants Corp | 1,182 | 55 | ||||||
First Midwest Bancorp Inc/IL | 2,129 | 47 | ||||||
First Republic Bank/CA | 831 | 139 | ||||||
FirstCash Inc | 612 | 40 | ||||||
FNB Corp/PA | 3,907 | 50 | ||||||
Franklin Resources Inc | 6,856 | 203 | ||||||
Fulton Financial Corp | 2,789 | 47 | ||||||
Genworth Financial Inc, Cl A * | 10,439 | 35 | ||||||
German American Bancorp Inc | 1,414 | 65 | ||||||
Globe Life Inc | 108 | 10 | ||||||
Goldman Sachs Group Inc/The | 3,960 | 1,295 | ||||||
Goosehead Insurance Inc, Cl A | 215 | 23 | ||||||
Great Western Bancorp Inc | 1,390 | 42 | ||||||
Hancock Whitney Corp | 1,142 | 48 | ||||||
Hannon Armstrong Sustainable Infrastructure Capital Inc | 20,833 | 1,169 | ||||||
Hanover Insurance Group Inc/The | 124 | 16 | ||||||
HarborOne Bancorp Inc | 4,621 | 62 | ||||||
Hartford Financial Services Group Inc/The | 242 | 16 | ||||||
Heartland Financial USA Inc | 1,003 | 50 | ||||||
Heritage Financial Corp/WA | 1,744 | 49 | ||||||
Home BancShares Inc/AR | 2,523 | 68 | ||||||
HomeStreet Inc | 1,465 | 65 | ||||||
Hope Bancorp Inc | 3,233 | 49 | ||||||
Horace Mann Educators Corp | 1,125 | 49 | ||||||
Host Hotels & Resorts Inc ‡ | 17,568 | 296 | ||||||
Houlihan Lokey Inc, Cl A | 192 | 13 | ||||||
Huntington Bancshares Inc/OH | 6,282 | 99 | ||||||
Independent Bank Corp | 580 | 49 | ||||||
Independent Bank Group Inc | 846 | 61 | ||||||
Intercontinental Exchange Inc | 6,879 | 768 | ||||||
International Bancshares Corp | 1,137 | 53 | ||||||
Invesco Ltd | 18,276 | 461 | ||||||
Invesco Mortgage Capital Inc ‡ | 3,234 | 13 | ||||||
Investors Bancorp Inc | 4,061 | 60 | ||||||
James River Group Holdings Ltd | 1,180 | 54 | ||||||
Jefferies Financial Group Inc | 2,313 | 70 | ||||||
JPMorgan Chase & Co | 38,517 | 5,863 | ||||||
KeyCorp | 12,904 | 258 | ||||||
Kinsale Capital Group Inc | 73 | 12 | ||||||
KKR & Co Inc | 2,471 | 121 | ||||||
KKR Real Estate Finance Trust Inc ‡ | 2,440 | 45 | ||||||
| New Covenant Funds/ Quarterly Report /March 31, 2021 | 5 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Continued)
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Lakeland Bancorp Inc | 2,890 | $ | 50 | |||||
Lazard Ltd, Cl A (A) | 2,316 | 101 | ||||||
Lemonade * | 942 | 88 | ||||||
LendingTree Inc * | 175 | 37 | ||||||
Lincoln National Corp | 3,621 | 225 | ||||||
Loews Corp | 222 | 11 | ||||||
LPL Financial Holdings Inc | 1,036 | 147 | ||||||
M&T Bank Corp | 929 | 141 | ||||||
Markel Corp * | 48 | 55 | ||||||
MarketAxess Holdings Inc | 144 | 72 | ||||||
Marsh & McLennan Cos Inc | 16,703 | 2,034 | ||||||
Mercury General Corp | 233 | 14 | ||||||
Meta Financial Group Inc | 1,407 | 64 | ||||||
MetLife Inc | 5,812 | 353 | ||||||
MFA Financial Inc ‡ | 6,337 | 26 | ||||||
MGIC Investment Corp | 3,455 | 48 | ||||||
Moelis & Co, Cl A | 1,564 | 86 | ||||||
Moody’s Corp | 1,782 | 532 | ||||||
Morgan Stanley | 34,325 | 2,666 | ||||||
Morningstar Inc | 67 | 15 | ||||||
Mr Cooper Group Inc * | 3,903 | 136 | ||||||
MSCI Inc, Cl A | 559 | 234 | ||||||
Nasdaq Inc | 2,378 | 351 | ||||||
NBT Bancorp Inc | 1,213 | 48 | ||||||
Nelnet Inc, Cl A | 793 | 58 | ||||||
New Residential Investment Corp ‡ | 14,139 | 159 | ||||||
New York Community Bancorp Inc | 951 | 12 | ||||||
New York Mortgage Trust Inc ‡ | 7,776 | 35 | ||||||
NMI Holdings Inc, Cl A * | 1,470 | 35 | ||||||
Northern Trust Corp | 7,549 | 793 | ||||||
Northfield Bancorp Inc | 2,868 | 46 | ||||||
OFG Bancorp | 2,119 | 48 | ||||||
Old National Bancorp/IN | 2,680 | 52 | ||||||
Old Republic International Corp | 2,203 | 48 | ||||||
OneMain Holdings Inc, Cl A | 258 | 14 | ||||||
Pacific Premier Bancorp Inc | 3,188 | 138 | ||||||
PacWest Bancorp | 1,283 | 49 | ||||||
Palomar Holdings Inc, Cl A * | 145 | 10 | ||||||
PennyMac Mortgage Investment Trust ‡ | 2,215 | 43 | ||||||
People’s United Financial Inc | 5,001 | 89 | ||||||
Pinnacle Financial Partners Inc | 1,489 | 132 | ||||||
PNC Financial Services Group Inc/The | 5,690 | 998 | ||||||
PRA Group Inc * | 1,320 | 49 | ||||||
Preferred Bank/Los Angeles CA | 845 | 54 | ||||||
Principal Financial Group Inc | 662 | 40 | ||||||
ProAssurance Corp | 1,351 | 36 | ||||||
Progressive Corp/The | 6,981 | 667 | ||||||
ProSight Global Inc * | 2,999 | 38 | ||||||
Prosperity Bancshares Inc | 1,192 | 89 | ||||||
Provident Financial Services Inc | 1,988 | 44 | ||||||
Prudential Financial Inc | 16,015 | 1,459 | ||||||
Radian Group Inc | 1,924 | 45 | ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Raymond James Financial Inc | 980 | $ | 120 | |||||
Redwood Trust Inc ‡ | 2,992 | 31 | ||||||
Regions Financial Corp | 72,286 | 1,493 | ||||||
Reinsurance Group of America Inc, Cl A | 578 | 73 | ||||||
Renasant Corp | 1,366 | 57 | ||||||
RLI Corp | 545 | 61 | ||||||
S&P Global Inc | 7,022 | 2,478 | ||||||
S&T Bancorp Inc | 1,247 | 42 | ||||||
Sandy Spring Bancorp Inc | 1,350 | 59 | ||||||
Santander Consumer USA Holdings Inc | 476 | 13 | ||||||
Seacoast Banking Corp of Florida * | 1,616 | 59 | ||||||
Selective Insurance Group Inc | 739 | 54 | ||||||
ServisFirst Bancshares Inc | 1,306 | 80 | ||||||
Signature Bank/New York NY | 676 | 153 | ||||||
Simmons First National Corp, Cl A | 1,836 | 54 | ||||||
SLM Corp | 8,316 | 149 | ||||||
South State Corp | 216 | 17 | ||||||
Starwood Property Trust Inc ‡ | 2,000 | 49 | ||||||
State Street Corp | 9,970 | 838 | ||||||
Sterling Bancorp/DE | 2,321 | 53 | ||||||
Stifel Financial Corp | 245 | 16 | ||||||
SVB Financial Group * | 346 | 171 | ||||||
Synchrony Financial | 4,720 | 192 | ||||||
Synovus Financial Corp | 1,267 | 58 | ||||||
T Rowe Price Group Inc | 2,711 | 465 | ||||||
TCF Financial Corp | 1,085 | 50 | ||||||
Texas Capital Bancshares Inc * | 822 | 58 | ||||||
TFS Financial Corp | 573 | 12 | ||||||
TPG RE Finance Trust Inc ‡ | 2,439 | 27 | ||||||
Travelers Cos Inc/The | 2,743 | 413 | ||||||
TriCo Bancshares | 1,219 | 58 | ||||||
TriState Capital Holdings Inc * | 1,917 | 44 | ||||||
Triumph Bancorp Inc * | 1,296 | 100 | ||||||
Truist Financial Corp | 14,236 | 830 | ||||||
Trustmark Corp | 1,410 | 47 | ||||||
Two Harbors Investment Corp ‡ | 6,390 | 47 | ||||||
UMB Financial Corp | 715 | 66 | ||||||
Umpqua Holdings Corp | 2,753 | 48 | ||||||
Univest Financial Corp | 1,820 | 52 | ||||||
Unum Group | 1,638 | 46 | ||||||
US Bancorp | 13,310 | 736 | ||||||
Valley National Bancorp | 4,269 | 59 | ||||||
Veritex Holdings Inc | 1,729 | 57 | ||||||
Virtu Financial Inc, Cl A | 3,026 | 94 | ||||||
W R Berkley Corp | 165 | 12 | ||||||
Waddell & Reed Financial Inc, Cl A | 2,974 | 75 | ||||||
Walker & Dunlop Inc | 749 | 77 | ||||||
Washington Trust Bancorp Inc | 924 | 48 | ||||||
Webster Financial Corp | 934 | 51 | ||||||
Wells Fargo & Co | 42,064 | 1,643 | ||||||
Westamerica BanCorp | 731 | 46 | ||||||
Western Alliance Bancorp | 1,801 | 170 | ||||||
| 6 | New Covenant Funds/ Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Continued)
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Wintrust Financial Corp | 708 | $ | 54 | |||||
Zions Bancorp NA | 1,771 | 97 | ||||||
|
|
| ||||||
| 62,790 | ||||||||
|
|
| ||||||
Health Care — 13.0% |
| |||||||
Abbott Laboratories | 33,284 | 3,989 | ||||||
AbbVie Inc | 25,124 | 2,719 | ||||||
ABIOMED Inc * | 332 | 106 | ||||||
Acadia Healthcare Co Inc * | 1,517 | 87 | ||||||
Acceleron Pharma Inc * | 123 | 17 | ||||||
Accolade * | 956 | 43 | ||||||
Adaptive Biotechnologies Corp * | 1,704 | 69 | ||||||
Adverum Biotechnologies Inc * | 4,537 | 45 | ||||||
Aerie Pharmaceuticals Inc * | 2,282 | 41 | ||||||
Agilent Technologies Inc | 7,874 | 1,001 | ||||||
Agios Pharmaceuticals Inc * | 1,062 | 55 | ||||||
Akebia Therapeutics Inc * | 1,063 | 4 | ||||||
Alector Inc * | 2,628 | 53 | ||||||
Alexion Pharmaceuticals Inc * | 1,593 | 244 | ||||||
Align Technology Inc * | 691 | 374 | ||||||
Allakos Inc * | 378 | 43 | ||||||
Allogene Therapeutics Inc * | 1,838 | 65 | ||||||
Alnylam Pharmaceuticals Inc * | 1,202 | 170 | ||||||
Amedisys Inc * | 56 | 15 | ||||||
AmerisourceBergen Corp, Cl A | 266 | 31 | ||||||
Amgen Inc | 9,045 | 2,251 | ||||||
Amicus Therapeutics Inc * | 5,193 | 51 | ||||||
AMN Healthcare Services Inc * | 832 | 61 | ||||||
Anika Therapeutics Inc * | 920 | 38 | ||||||
Anthem Inc | 2,728 | 979 | ||||||
Apellis Pharmaceuticals Inc * | 1,618 | 69 | ||||||
Apollo Medical Holdings Inc * | 2,730 | 74 | ||||||
Applied Molecular Transport * | 1,074 | 47 | ||||||
Arcturus Therapeutics Holdings * | 483 | 20 | ||||||
Arcus Biosciences Inc * | 2,371 | 67 | ||||||
Arena Pharmaceuticals Inc * | 1,077 | 75 | ||||||
Arrowhead Pharmaceuticals Inc * | 251 | 17 | ||||||
Assembly Biosciences Inc * | 2,159 | 10 | ||||||
Atara Biotherapeutics Inc * | 3,254 | 47 | ||||||
Atrion Corp | 71 | 46 | ||||||
Avanos Medical Inc * | 301 | 13 | ||||||
Avantor Inc * | 494 | 14 | ||||||
Axonics Modulation Technologies Inc * | 351 | 21 | ||||||
Axsome Therapeutics Inc * | 618 | 35 | ||||||
Baxter International Inc | 12,373 | 1,044 | ||||||
Becton Dickinson and Co | 4,437 | 1,079 | ||||||
BioCryst Pharmaceuticals Inc * | 14,016 | 143 | ||||||
BioDelivery Sciences International Inc * | 7,746 | 30 | ||||||
Biogen Inc * | 2,874 | 804 | ||||||
Biohaven Pharmaceutical Holding Co Ltd * | 941 | 64 | ||||||
BioMarin Pharmaceutical Inc * | 1,042 | 79 | ||||||
Bio-Rad Laboratories Inc, Cl A * | 32 | 18 | ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Bio-Techne Corp | 53 | $ | 20 | |||||
Bluebird Bio Inc * | 645 | 19 | ||||||
Boston Scientific Corp * | 16,399 | 634 | ||||||
Bridgebio Pharma Inc * | 2,886 | 178 | ||||||
Bristol-Myers Squibb Co | 38,732 | 2,445 | ||||||
Brookdale Senior Living Inc * | 7,397 | 45 | ||||||
Bruker Corp | 233 | 15 | ||||||
Cantel Medical Corp | 163 | 13 | ||||||
Cara Therapeutics Inc * | 2,942 | 64 | ||||||
Cardinal Health Inc | 2,213 | 134 | ||||||
CareDx * | 3,045 | 207 | ||||||
Catalent Inc * | 949 | 100 | ||||||
Catalyst Pharmaceuticals Inc * | 11,416 | 53 | ||||||
Centene Corp * | 4,805 | 307 | ||||||
Cerner Corp | 16,243 | 1,168 | ||||||
Change Healthcare Inc * | 3,522 | 78 | ||||||
Charles River Laboratories International Inc * | 77 | 22 | ||||||
Chemed Corp | 114 | 52 | ||||||
ChemoCentryx Inc * | 2,278 | 117 | ||||||
Cigna Corp | 4,819 | 1,165 | ||||||
Constellation Pharmaceuticals Inc * | 1,060 | 25 | ||||||
Cooper Cos Inc/The | 236 | 91 | ||||||
Corcept Therapeutics Inc * | 3,878 | 92 | ||||||
CorVel Corp * | 125 | 13 | ||||||
Covetrus Inc * | 1,045 | 31 | ||||||
Crinetics Pharmaceuticals Inc * | 2,310 | 35 | ||||||
CryoPort * | 871 | 45 | ||||||
Cue Biopharma Inc * | 2,087 | 25 | ||||||
CVS Health Corp | 28,143 | 2,117 | ||||||
Cytokinetics Inc * | 7,134 | 166 | ||||||
Danaher Corp | 7,616 | 1,714 | ||||||
DaVita Inc * | 160 | 17 | ||||||
Deciphera Pharmaceuticals Inc * | 716 | 32 | ||||||
Denali Therapeutics Inc * | 2,631 | 150 | ||||||
DENTSPLY SIRONA Inc | 3,113 | 199 | ||||||
DexCom Inc * | 847 | 304 | ||||||
Dicerna Pharmaceuticals Inc * | 1,898 | 49 | ||||||
Dynavax Technologies Corp * | 8,733 | 86 | ||||||
Editas Medicine Inc, Cl A * | 1,596 | 67 | ||||||
Edwards Lifesciences Corp * | 8,484 | 710 | ||||||
Elanco Animal Health Inc * | 398 | 12 | ||||||
Eli Lilly and Co | 11,942 | 2,231 | ||||||
Emergent BioSolutions Inc * | 950 | 88 | ||||||
Enanta Pharmaceuticals Inc * | 785 | 39 | ||||||
Encompass Health Corp | 164 | 13 | ||||||
Envista Holdings Corp * | 1,731 | 71 | ||||||
Epizyme Inc * | 2,749 | 24 | ||||||
Esperion Therapeutics Inc * | 962 | 27 | ||||||
Evofem Biosciences Inc * | 1,811 | 3 | ||||||
Exact Sciences Corp * | 930 | 123 | ||||||
Exelixis Inc * | 4,344 | 98 | ||||||
| New Covenant Funds/ Quarterly Report /March 31, 2021 | 7 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Continued)
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Fate Therapeutics Inc * | 3,277 | $ | 270 | |||||
FibroGen Inc * | 1,053 | 37 | ||||||
Flexion Therapeutics Inc * | 2,711 | 24 | ||||||
Fulgent Genetics * | 853 | 82 | ||||||
G1 Therapeutics Inc * | 1,715 | 41 | ||||||
Gilead Sciences Inc | 18,126 | 1,171 | ||||||
Glaukos Corp * | 167 | 14 | ||||||
Global Blood Therapeutics Inc * | 643 | 26 | ||||||
Globus Medical Inc, Cl A * | 851 | 52 | ||||||
Gossamer Bio Inc * | 3,279 | 30 | ||||||
Halozyme Therapeutics Inc * | 2,641 | 110 | ||||||
Hanger Inc * | 1,891 | 43 | ||||||
Harpoon Therapeutics Inc * | 720 | 15 | ||||||
HCA Healthcare Inc | 2,314 | 436 | ||||||
Health Catalyst Inc * | 1,594 | 75 | ||||||
HealthEquity Inc * | 673 | 46 | ||||||
Henry Schein Inc * | 2,612 | 181 | ||||||
Heron Therapeutics Inc * | 1,977 | 32 | ||||||
Heska Corp * | 532 | 90 | ||||||
Hill-Rom Holdings Inc | 825 | 91 | ||||||
HMS Holdings Corp * | 1,707 | 63 | ||||||
Hologic Inc * | 927 | 69 | ||||||
Humana Inc | 1,127 | 472 | ||||||
ICU Medical Inc * | 62 | 13 | ||||||
IDEXX Laboratories Inc * | 707 | 346 | ||||||
IGM Biosciences * | 1,084 | 83 | ||||||
Illumina Inc * | 3,200 | 1,229 | ||||||
Inari Medical * | 1,029 | 110 | ||||||
Incyte Corp * | 1,063 | 86 | ||||||
Innoviva Inc * | 3,557 | 43 | ||||||
Inogen Inc * | 706 | 37 | ||||||
Inovalon Holdings Inc, Cl A * | 464 | 13 | ||||||
Inovio Pharmaceuticals Inc * | 2,095 | 19 | ||||||
Insmed Inc * | 2,129 | 73 | ||||||
Inspire Medical Systems Inc * | 110 | 23 | ||||||
Insulet Corp * | 65 | 17 | ||||||
Integer Holdings Corp * | 625 | 58 | ||||||
Integra LifeSciences Holdings Corp * | 188 | 13 | ||||||
Intellia Therapeutics * | 611 | 49 | ||||||
Intercept Pharmaceuticals Inc * | 417 | 10 | ||||||
Intra-Cellular Therapies Inc * | 3,894 | 132 | ||||||
Intuitive Surgical Inc * | 1,403 | 1,037 | ||||||
Invitae Corp * | 330 | 13 | ||||||
Ionis Pharmaceuticals Inc * | 782 | 35 | ||||||
Iovance Biotherapeutics Inc * | 1,782 | 56 | ||||||
IQVIA Holdings Inc * | 1,378 | 266 | ||||||
iRhythm Technologies * | 210 | 29 | ||||||
Ironwood Pharmaceuticals Inc, Cl A * | 3,844 | 43 | ||||||
Johnson & Johnson | 34,658 | 5,696 | ||||||
Kadmon Holdings * | 12,254 | 48 | ||||||
Kala Pharmaceuticals Inc * | 7,142 | 48 | ||||||
Karuna Therapeutics Inc * | 717 | 86 | ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Karyopharm Therapeutics Inc * | 2,929 | $ | 31 | |||||
Kiniksa Pharmaceuticals Ltd, Cl A * | 4,016 | 74 | ||||||
Kodiak Sciences Inc * | 1,218 | 138 | ||||||
Krystal Biotech Inc * | 823 | 63 | ||||||
Kura Oncology Inc * | 3,438 | 97 | ||||||
Laboratory Corp of America Holdings * | 515 | 131 | ||||||
Lantheus Holdings Inc * | 2,408 | 51 | ||||||
LHC Group Inc * | 57 | 11 | ||||||
Ligand Pharmaceuticals Inc * | 462 | 70 | ||||||
Luminex Corp | 458 | 15 | ||||||
MacroGenics Inc * | 1,782 | 57 | ||||||
Madrigal Pharmaceuticals Inc * | 531 | 62 | ||||||
McKesson Corp | 992 | 193 | ||||||
MEDNAX Inc * | 417 | 11 | ||||||
Merck & Co Inc | 39,446 | 3,041 | ||||||
Meridian Bioscience Inc * | 5,130 | 135 | ||||||
Mettler-Toledo International Inc * | 1,346 | 1,556 | ||||||
Mirati Therapeutics Inc * | 429 | 73 | ||||||
Moderna Inc * | 4,368 | 572 | ||||||
Myriad Genetics Inc * | 1,860 | 57 | ||||||
Natera Inc * | 229 | 23 | ||||||
National Research Corp | 779 | 36 | ||||||
Natus Medical Inc * | 1,614 | 41 | ||||||
Nektar Therapeutics, Cl A * | 2,328 | 47 | ||||||
Neogen Corp * | 721 | 64 | ||||||
Neurocrine Biosciences Inc * | 1,089 | 106 | ||||||
Nevro Corp * | 83 | 12 | ||||||
NextCure Inc * | 952 | 10 | ||||||
NextGen Healthcare Inc * | 3,392 | 61 | ||||||
Novavax Inc * | 816 | 148 | ||||||
Ontrak * | 751 | 24 | ||||||
Option Care Health Inc * | 648 | 12 | ||||||
OraSure Technologies Inc * | 6,042 | 71 | ||||||
Pennant Group Inc/The * | 1,609 | 74 | ||||||
Penumbra Inc * | 72 | 19 | ||||||
PerkinElmer Inc | 120 | 15 | ||||||
Pfizer Inc | 86,529 | 3,135 | ||||||
Phreesia Inc * | 361 | 19 | ||||||
PRA Health Sciences Inc * | 108 | 17 | ||||||
Premier Inc, Cl A | 2,266 | 77 | ||||||
PTC Therapeutics Inc * | 1,021 | 48 | ||||||
Puma Biotechnology Inc * | 5,574 | 54 | ||||||
QIAGEN NV * | 2,338 | 114 | ||||||
Quest Diagnostics Inc | 865 | 111 | ||||||
Regeneron Pharmaceuticals Inc * | 1,105 | 523 | ||||||
Repligen Corp * | 553 | 108 | ||||||
ResMed Inc | 2,930 | 568 | ||||||
Revance Therapeutics Inc * | 3,056 | 85 | ||||||
Rhythm Pharmaceuticals Inc * | 687 | 15 | ||||||
Rocket Pharmaceuticals * | 932 | 41 | ||||||
Rubius Therapeutics Inc * | 3,679 | 97 | ||||||
Sage Therapeutics Inc * | 516 | 39 | ||||||
| 8 | New Covenant Funds/ Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Continued)
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Sangamo Therapeutics Inc * | 1,002 | $ | 13 | |||||
Sarepta Therapeutics Inc * | 87 | 6 | ||||||
Scholar Rock Holding Corp * | 2,520 | 128 | ||||||
Seagen Inc * | 750 | 104 | ||||||
Shockwave Medical Inc * | 2,006 | 261 | ||||||
Simulations Plus Inc | 1,477 | 93 | ||||||
Sorrento Therapeutics Inc * | 12,406 | 103 | ||||||
STAAR Surgical Co * | 193 | 20 | ||||||
Stryker Corp | 3,556 | 866 | ||||||
Supernus Pharmaceuticals Inc * | 2,174 | 57 | ||||||
Surmodics Inc * | 1,169 | 66 | ||||||
Syros Pharmaceuticals Inc * | 1,610 | 12 | ||||||
Tactile Systems Technology Inc * | 728 | 40 | ||||||
Tandem Diabetes Care Inc * | 144 | 13 | ||||||
Teladoc Health Inc * | 1,178 | 214 | ||||||
Teleflex Inc | 742 | 308 | ||||||
TG Therapeutics Inc * | 4,916 | 237 | ||||||
Theravance Biopharma Inc * | 2,200 | 45 | ||||||
Thermo Fisher Scientific Inc | 5,343 | 2,438 | ||||||
Translate Bio Inc * | 2,224 | 37 | ||||||
Travere Therapeutics * | 3,434 | 86 | ||||||
Turning Point Therapeutics Inc * | 828 | 78 | ||||||
Twist Bioscience Corp * | 153 | 19 | ||||||
Ultragenyx Pharmaceutical Inc * | 1,143 | 130 | ||||||
United Therapeutics Corp * | 559 | 94 | ||||||
UnitedHealth Group Inc | 14,061 | 5,232 | ||||||
Universal Health Services Inc, Cl B | 80 | 11 | ||||||
UroGen Pharma Ltd * | 1,543 | 30 | ||||||
US Physical Therapy Inc | 428 | 45 | ||||||
Varex Imaging Corp * | 1,631 | 33 | ||||||
Varian Medical Systems Inc * | 1,773 | 313 | ||||||
VBI Vaccines Inc * | 14,663 | 46 | ||||||
Veeva Systems Inc, Cl A * | 1,157 | 302 | ||||||
Vertex Pharmaceuticals Inc * | 3,305 | 710 | ||||||
Viatris Inc, Cl W * | 1,277 | 18 | ||||||
Viking Therapeutics Inc * | 6,150 | 39 | ||||||
Waters Corp * | 395 | 112 | ||||||
West Pharmaceutical Services Inc | 1,875 | 528 | ||||||
Zimmer Biomet Holdings Inc | 3,501 | 560 | ||||||
Zoetis Inc, Cl A | 6,022 | 948 | ||||||
Zogenix Inc * | 947 | 18 | ||||||
|
|
| ||||||
| 71,746 | ||||||||
|
|
| ||||||
Industrials — 8.2% |
| |||||||
3M Co | 10,841 | 2,089 | ||||||
A O Smith Corp | 1,708 | 115 | ||||||
AAON Inc | 192 | 13 | ||||||
AAR Corp | 1,101 | 46 | ||||||
ABM Industries Inc | 1,349 | 69 | ||||||
ACCO Brands Corp | 5,214 | 44 | ||||||
Acuity Brands Inc | 84 | 14 | ||||||
ADT Inc | 6,039 | 51 | ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
AECOM * | 6,633 | $ | 425 | |||||
AGCO Corp | 149 | 21 | ||||||
Air Lease Corp, Cl A | 1,053 | 52 | ||||||
Alamo Group Inc | 86 | 13 | ||||||
Alaska Air Group Inc | 9,238 | 639 | ||||||
Allison Transmission Holdings Inc | 1,870 | 76 | ||||||
Altra Industrial Motion Corp | 260 | 14 | ||||||
AMERCO | 28 | 17 | ||||||
American Airlines Group Inc | 405 | 10 | ||||||
American Woodmark Corp * | 461 | 45 | ||||||
AMETEK Inc | 1,369 | 175 | ||||||
Apogee Enterprises Inc | 1,229 | 50 | ||||||
Applied Industrial Technologies Inc | 745 | 68 | ||||||
ArcBest Corp | 336 | 24 | ||||||
Arcosa Inc | 1,128 | 73 | ||||||
Argan Inc | 1,315 | 70 | ||||||
Armstrong World Industries Inc | 161 | 14 | ||||||
ASGN Inc * | 146 | 14 | ||||||
Astec Industries Inc | 204 | 15 | ||||||
Avis Budget Group Inc * | 2,276 | 165 | ||||||
Axon Enterprise Inc * | 2,268 | 323 | ||||||
AZZ Inc | 1,071 | 54 | ||||||
Barnes Group Inc | 807 | 40 | ||||||
Bloom Energy Corp, Cl A * | 2,773 | 75 | ||||||
Booz Allen Hamilton Holding Corp, Cl A | 677 | 55 | ||||||
Brady Corp, Cl A | 873 | 47 | ||||||
Brink’s Co/The | 540 | 43 | ||||||
Carlisle Cos Inc | 311 | 51 | ||||||
Carrier Global Corp | 6,184 | 261 | ||||||
CBIZ Inc * | 1,805 | 59 | ||||||
CH Robinson Worldwide Inc | 148 | 14 | ||||||
Chart Industries Inc * | 142 | 20 | ||||||
Cintas Corp | 1,907 | 651 | ||||||
CIRCOR International Inc * | 1,110 | 39 | ||||||
Clean Harbors Inc * | 137 | 12 | ||||||
Colfax Corp * | 1,455 | 64 | ||||||
Comfort Systems USA Inc | 988 | 74 | ||||||
Construction Partners Inc, Cl A * | 391 | 12 | ||||||
Copa Holdings SA, Cl A | 469 | 38 | ||||||
Copart Inc * | 1,284 | 139 | ||||||
CoStar Group Inc * | 326 | 268 | ||||||
Covanta Holding Corp | 3,388 | 47 | ||||||
Crane Co | 135 | 13 | ||||||
CSW Industrials Inc | 116 | 16 | ||||||
CSX Corp | 9,694 | 935 | ||||||
Cummins Inc | 3,179 | 824 | ||||||
Curtiss-Wright Corp | 1,789 | 212 | ||||||
Deere & Co | 4,735 | 1,772 | ||||||
Delta Air Lines Inc * | 35,179 | 1,698 | ||||||
Deluxe Corp | 981 | 41 | ||||||
Donaldson Co Inc | 202 | 12 | ||||||
Dover Corp | 103 | 14 | ||||||
| New Covenant Funds/ Quarterly Report /March 31, 2021 | 9 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Continued)
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Dycom Industries Inc * | 1,064 | $ | 99 | |||||
EMCOR Group Inc | 565 | 63 | ||||||
Emerson Electric Co | 6,592 | 595 | ||||||
EnerSys | 664 | 60 | ||||||
EnPro Industries Inc | 738 | 63 | ||||||
Equifax Inc | 535 | 97 | ||||||
ESCO Technologies Inc | 568 | 62 | ||||||
Expeditors International of Washington Inc | 1,163 | 125 | ||||||
Exponent Inc | 135 | 13 | ||||||
Fastenal Co | 3,078 | 155 | ||||||
Federal Signal Corp | 1,560 | 60 | ||||||
FedEx Corp | 3,239 | 920 | ||||||
Flowserve Corp | 239 | 9 | ||||||
Fluor Corp | 4,373 | 101 | ||||||
Forrester Research Inc * | 1,169 | 50 | ||||||
Fortune Brands Home & Security Inc | 174 | 17 | ||||||
Forward Air Corp | 727 | 65 | ||||||
Franklin Electric Co Inc | 180 | 14 | ||||||
FTI Consulting Inc * | 443 | 62 | ||||||
Generac Holdings Inc * | 89 | 29 | ||||||
General Electric Co | 105,317 | 1,383 | ||||||
Gibraltar Industries Inc * | 164 | 15 | ||||||
Graco Inc | 223 | 16 | ||||||
GrafTech International Ltd | 954 | 12 | ||||||
Granite Construction Inc | 1,780 | 72 | ||||||
Great Lakes Dredge & Dock Corp * | 4,289 | 63 | ||||||
Greenbrier Cos Inc/The | 1,583 | 75 | ||||||
Hawaiian Holdings Inc | 1,619 | 43 | ||||||
Healthcare Services Group Inc | 422 | 12 | ||||||
HEICO Corp | 4,351 | 547 | ||||||
HEICO Corp, Cl A | 3,200 | 364 | ||||||
Helios Technologies Inc | 1,091 | 79 | ||||||
Herc Holdings Inc * | 1,012 | 103 | ||||||
Herman Miller Inc | 1,053 | 43 | ||||||
Hexcel Corp | 4,105 | 230 | ||||||
Hillenbrand Inc | 300 | 14 | ||||||
HNI Corp | 1,268 | 50 | ||||||
Honeywell International Inc | 10,659 | 2,314 | ||||||
Howmet Aerospace Inc | 7,379 | 237 | ||||||
Hubbell Inc, Cl B | 78 | 15 | ||||||
IAA Inc * | 253 | 14 | ||||||
ICF International Inc | 545 | 48 | ||||||
IDEX Corp | 68 | 14 | ||||||
IHS Markit Ltd | 3,273 | 317 | ||||||
Illinois Tool Works Inc | 10,280 | 2,277 | ||||||
Ingersoll Rand Inc * | 355 | 17 | ||||||
Insperity Inc | 592 | 50 | ||||||
Interface Inc, Cl A | 2,949 | 37 | ||||||
ITT Inc | 1,404 | 128 | ||||||
Jacobs Engineering Group Inc | 1,091 | 141 | ||||||
JB Hunt Transport Services Inc | 437 | 73 | ||||||
JetBlue Airways Corp * | 837 | 17 | ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
John Bean Technologies Corp | 439 | $ | 59 | |||||
Kadant Inc | 475 | 88 | ||||||
Kaman Corp | 743 | 38 | ||||||
Kansas City Southern | 1,741 | 459 | ||||||
KAR Auction Services Inc | 2,303 | 35 | ||||||
KBR Inc | 1,640 | 63 | ||||||
Kelly Services Inc, Cl A | 2,214 | 49 | ||||||
Kennametal Inc | 1,343 | 54 | ||||||
Kforce Inc | 1,239 | 66 | ||||||
Kirby Corp * | 1,032 | 62 | ||||||
Knight-Swift Transportation Holdings Inc, Cl A | 1,357 | 65 | ||||||
Knoll Inc | 1,853 | 31 | ||||||
Korn Ferry | 1,193 | 74 | ||||||
Landstar System Inc | 83 | 14 | ||||||
Lennox International Inc | 44 | 14 | ||||||
Lincoln Electric Holdings Inc | 1,027 | 126 | ||||||
Lindsay Corp | 91 | 15 | ||||||
Lyft Inc, Cl A * | 240 | 15 | ||||||
Macquarie Infrastructure Corp | 266 | 8 | ||||||
ManpowerGroup Inc | 3,586 | 355 | ||||||
Marten Transport Ltd | 3,469 | 59 | ||||||
Masco Corp | 6,315 | 378 | ||||||
Matson Inc | 1,273 | 85 | ||||||
Maxar Technologies Inc | 6,794 | 257 | ||||||
McGrath RentCorp | 666 | 54 | ||||||
Mercury Systems Inc * | 2,386 | 169 | ||||||
Meritor Inc * | 2,088 | 61 | ||||||
Middleby Corp/The * | 103 | 17 | ||||||
MRC Global Inc * | 3,597 | 32 | ||||||
MSA Safety Inc | 392 | 59 | ||||||
MSC Industrial Direct Co Inc, Cl A | 1,115 | 101 | ||||||
Nordson Corp | 600 | 119 | ||||||
Norfolk Southern Corp | 2,628 | 706 | ||||||
NOW Inc * | 4,359 | 44 | ||||||
NV5 Global Inc * | 202 | 19 | ||||||
Old Dominion Freight Line Inc | 400 | 96 | ||||||
Omega Flex Inc | 70 | 11 | ||||||
Oshkosh Corp | 2,762 | 328 | ||||||
Otis Worldwide Corp | 1,821 | 125 | ||||||
Owens Corning | 4,958 | 457 | ||||||
PACCAR Inc | 2,133 | 198 | ||||||
PAE * | 5,932 | 53 | ||||||
Parker-Hannifin Corp | 1,231 | 388 | ||||||
Parsons Corp * | 1,198 | 48 | ||||||
Pitney Bowes Inc | 11,792 | 97 | ||||||
Plug Power Inc * | 1,263 | 45 | ||||||
Proto Labs Inc * | 91 | 11 | ||||||
Quanta Services Inc | 2,291 | 202 | ||||||
Raven Industries Inc | 1,437 | 55 | ||||||
RBC Bearings Inc * | 320 | 63 | ||||||
Regal Beloit Corp | 1,068 | 152 | ||||||
| 10 | New Covenant Funds/ Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Continued)
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Republic Services Inc, Cl A | 1,138 | $ | 113 | |||||
Resideo Technologies Inc * | 448 | 13 | ||||||
Robert Half International Inc | 806 | 63 | ||||||
Rockwell Automation Inc | 1,620 | 430 | ||||||
Rollins Inc | 3,532 | 122 | ||||||
Roper Technologies Inc | 861 | 347 | ||||||
Ryder System Inc | 1,425 | 108 | ||||||
Saia Inc * | 96 | 22 | ||||||
Schneider National Inc, Cl B | 521 | 13 | ||||||
Shyft Group Inc/The | 429 | 16 | ||||||
Simpson Manufacturing Co Inc | 643 | 67 | ||||||
Snap-on Inc | 318 | 73 | ||||||
Southwest Airlines Co | 5,131 | 313 | ||||||
SP Plus Corp * | 1,169 | 38 | ||||||
Spirit AeroSystems Holdings Inc, Cl A | 9,098 | 443 | ||||||
Spirit Airlines Inc * | 1,221 | 45 | ||||||
SPX Corp * | 999 | 58 | ||||||
SPX FLOW Inc | 1,044 | 66 | ||||||
Stanley Black & Decker Inc | 1,349 | 269 | ||||||
Steelcase Inc, Cl A | 2,620 | 38 | ||||||
Stericycle Inc * | 179 | 12 | ||||||
Sunrun Inc * | 405 | 24 | ||||||
Teledyne Technologies Inc * | 878 | 363 | ||||||
Tennant Co | 639 | 51 | ||||||
Terex Corp | 341 | 16 | ||||||
Tetra Tech Inc | 564 | 77 | ||||||
Timken Co/The | 204 | 17 | ||||||
Toro Co/The | 1,175 | 121 | ||||||
TPI Composites Inc * | 472 | 27 | ||||||
TransDigm Group Inc * | 1,492 | 877 | ||||||
TransUnion | 135 | 12 | ||||||
Trex Co Inc * | 1,134 | 104 | ||||||
TriMas Corp * | 1,583 | 48 | ||||||
Trinity Industries Inc | 511 | 15 | ||||||
Triumph Group Inc | 1,853 | 34 | ||||||
TrueBlue Inc * | 2,106 | 46 | ||||||
Uber Technologies Inc * | 13,752 | 750 | ||||||
UFP Industries Inc | 196 | 15 | ||||||
UniFirst Corp/MA | 235 | 53 | ||||||
Union Pacific Corp | 11,000 | 2,424 | ||||||
United Airlines Holdings Inc * | 289 | 17 | ||||||
United Parcel Service Inc, Cl B | 8,932 | 1,518 | ||||||
United Rentals Inc * | 1,692 | 557 | ||||||
Univar Solutions Inc * | 476 | 10 | ||||||
US Ecology Inc * | 900 | 37 | ||||||
Valmont Industries Inc | 76 | 18 | ||||||
Verisk Analytics Inc, Cl A | 1,729 | 305 | ||||||
Virgin Galactic Holdings Inc * | 4,426 | 136 | ||||||
Wabash National Corp | 3,217 | 60 | ||||||
Waste Management Inc | 6,467 | 834 | ||||||
Watsco Inc | 52 | 14 | ||||||
Watts Water Technologies Inc, Cl A | 507 | 60 | ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Welbilt Inc * | 3,137 | $ | 51 | |||||
WESCO International Inc * | 3,661 | 317 | ||||||
Westinghouse Air Brake Technologies Corp | 465 | 37 | ||||||
WillScot Mobile Mini Holdings Corp, Cl A * | 590 | 16 | ||||||
Woodward Inc | 139 | 17 | ||||||
WW Grainger Inc | 3,913 | 1,569 | ||||||
XPO Logistics Inc * | 1,396 | 172 | ||||||
Xylem Inc/NY | 14,976 | 1,575 | ||||||
|
|
| ||||||
| 45,065 | ||||||||
|
|
| ||||||
Information Technology — 25.3% |
| |||||||
2U Inc * | 871 | 33 | ||||||
8x8 Inc * | 2,725 | 88 | ||||||
ACI Worldwide Inc * | 1,373 | 52 | ||||||
Adobe Inc * | 9,175 | 4,362 | ||||||
ADTRAN Inc | 979 | 16 | ||||||
Advanced Energy Industries Inc | 725 | 79 | ||||||
Advanced Micro Devices Inc * | 14,318 | 1,124 | ||||||
Agilysys Inc * | 323 | 15 | ||||||
Akamai Technologies Inc * | 7,949 | 810 | ||||||
Akoustis Technologies Inc * | 2,669 | 36 | ||||||
Alarm.com Holdings Inc * | 1,192 | 103 | ||||||
Alliance Data Systems Corp | 1,335 | 150 | ||||||
Altair Engineering Inc, Cl A * | 269 | 17 | ||||||
Alteryx Inc, Cl A * | 70 | 6 | ||||||
Ambarella Inc * | 160 | 16 | ||||||
Amdocs Ltd | 3,632 | 255 | ||||||
Amkor Technology Inc | 3,864 | 92 | ||||||
Amphenol Corp, Cl A | 4,680 | 309 | ||||||
Analog Devices Inc | 3,271 | 507 | ||||||
Anaplan Inc * | 217 | 12 | ||||||
ANSYS Inc * | 683 | 232 | ||||||
Appian Corp, Cl A * | 1,246 | 166 | ||||||
Apple Inc | 218,768 | 26,722 | ||||||
Applied Materials Inc | 10,761 | 1,438 | ||||||
Arista Networks Inc * | 768 | 232 | ||||||
Arrow Electronics Inc * | 2,550 | 283 | ||||||
Aspen Technology Inc * | 413 | 60 | ||||||
Autodesk Inc * | 3,559 | 986 | ||||||
Automatic Data Processing Inc | 12,646 | 2,383 | ||||||
Avaya Holdings Corp * | 4,140 | 116 | ||||||
Avnet Inc | 325 | 13 | ||||||
Axcelis Technologies Inc * | 2,104 | 86 | ||||||
Badger Meter Inc | 775 | 72 | ||||||
Belden Inc | 900 | 40 | ||||||
Benchmark Electronics Inc | 1,447 | 45 | ||||||
Bill.com Holdings Inc * | 1,644 | 239 | ||||||
Black Knight Inc * | 1,569 | 116 | ||||||
Blackbaud Inc | 629 | 45 | ||||||
Blackline Inc * | 185 | 20 | ||||||
Bottomline Technologies DE Inc * | 943 | 43 | ||||||
Box Inc, Cl A * | 539 | 12 | ||||||
| New Covenant Funds/ Quarterly Report /March 31, 2021 | 11 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Continued)
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Broadcom Inc | 5,232 | $ | 2,426 | |||||
Broadridge Financial Solutions Inc | 720 | 110 | ||||||
Brooks Automation Inc | 207 | 17 | ||||||
Cadence Design Systems Inc * | 2,046 | 280 | ||||||
Cass Information Systems Inc | 865 | 40 | ||||||
CDK Global Inc | 1,636 | 88 | ||||||
CDW Corp/DE | 806 | 134 | ||||||
Cerence Inc * | 493 | 44 | ||||||
Ceridian HCM Holding Inc * | 792 | 67 | ||||||
Ciena Corp * | 1,223 | 67 | ||||||
Cirrus Logic Inc * | 640 | 54 | ||||||
Cisco Systems Inc | 68,588 | 3,547 | ||||||
Citrix Systems Inc | 100 | 14 | ||||||
Cloudera Inc * | 4,481 | 55 | ||||||
Cloudflare, Cl A * | 1,190 | 84 | ||||||
CMC Materials | 373 | 66 | ||||||
Cognex Corp | 203 | 17 | ||||||
Cognizant Technology Solutions Corp, Cl A | 8,315 | 650 | ||||||
Cognyte Software * | 947 | 26 | ||||||
Coherent Inc * | 626 | 158 | ||||||
Cohu Inc | 2,351 | 98 | ||||||
CommScope Holding Co Inc * | 7,086 | 109 | ||||||
CommVault Systems Inc * | 219 | 14 | ||||||
Concentrix * | 387 | 58 | ||||||
CoreLogic Inc/United States | 271 | 21 | ||||||
Cornerstone OnDemand Inc * | 862 | 38 | ||||||
Corning Inc | 6,104 | 266 | ||||||
Coupa Software Inc * | 970 | 247 | ||||||
Cree Inc * | 248 | 27 | ||||||
Crowdstrike Holdings Inc, Cl A * | 1,523 | 278 | ||||||
CSG Systems International Inc | 965 | 43 | ||||||
CTS Corp | 1,735 | 54 | ||||||
Datadog Inc, Cl A * | 460 | 38 | ||||||
Dell Technologies Inc, Cl C * | 4,108 | 362 | ||||||
Diebold Nixdorf Inc * | 4,695 | 66 | ||||||
Digital Turbine Inc * | 5,493 | 441 | ||||||
DocuSign Inc, Cl A * | 1,618 | 328 | ||||||
Dolby Laboratories Inc, Cl A | 731 | 72 | ||||||
Domo Inc, Cl B * | 297 | 17 | ||||||
Dropbox Inc, Cl A * | 2,914 | 78 | ||||||
DXC Technology Co | 5,395 | 169 | ||||||
Dynatrace Inc * | 465 | 22 | ||||||
Ebix Inc | 299 | 10 | ||||||
EchoStar Corp, Cl A * | 1,124 | 27 | ||||||
Elastic NV * | 183 | 20 | ||||||
Enphase Energy Inc * | 2,963 | 480 | ||||||
Entegris Inc | 980 | 110 | ||||||
Envestnet Inc * | 717 | 52 | ||||||
EPAM Systems Inc * | 1,434 | 569 | ||||||
Euronet Worldwide Inc * | 74 | 10 | ||||||
Everbridge Inc * | 1,814 | 220 | ||||||
EVERTEC Inc | 1,569 | 58 | ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
ExlService Holdings Inc * | 711 | $ | 64 | |||||
Extreme Networks Inc * | 6,878 | 60 | ||||||
F5 Networks Inc * | 578 | 121 | ||||||
Fair Isaac Corp * | 299 | 145 | ||||||
Fastly Inc, Cl A * | 905 | 61 | ||||||
Fidelity National Information Services Inc | 7,874 | 1,107 | ||||||
FireEye Inc * | 5,502 | 108 | ||||||
First Solar Inc * | 3,538 | 309 | ||||||
Fiserv Inc * | 5,664 | 674 | ||||||
Five9 Inc * | 93 | 15 | ||||||
FleetCor Technologies Inc * | 277 | 74 | ||||||
FLIR Systems Inc | 1,671 | 94 | ||||||
FormFactor Inc * | 353 | 16 | ||||||
Fortinet Inc * | 534 | 98 | ||||||
Genpact Ltd | 6,870 | 294 | ||||||
Global Payments Inc | 2,965 | 598 | ||||||
Globant SA * | 271 | 56 | ||||||
GoDaddy Inc, Cl A * | 1,102 | 86 | ||||||
Guidewire Software Inc * | 109 | 11 | ||||||
Hackett Group Inc/The | 3,129 | 51 | ||||||
HubSpot Inc * | 322 | 146 | ||||||
Ichor Holdings Ltd * | 1,480 | 80 | ||||||
II-VI Inc * | 224 | 15 | ||||||
Infinera Corp * | 6,579 | 63 | ||||||
Inphi Corp * | 86 | 15 | ||||||
Inseego Corp * | 7,132 | 71 | ||||||
Insight Enterprises Inc * | 754 | 72 | ||||||
Intel Corp | 53,557 | 3,428 | ||||||
Intelligent Systems Corp * | 1,128 | 46 | ||||||
InterDigital Inc | 917 | 58 | ||||||
International Business Machines Corp | 13,123 | 1,749 | ||||||
Intuit Inc | 3,714 | 1,423 | ||||||
IPG Photonics Corp * | 558 | 118 | ||||||
Itron Inc * | 588 | 52 | ||||||
J2 Global Inc * | 540 | 65 | ||||||
Jabil Inc | 6,948 | 362 | ||||||
Jack Henry & Associates Inc | 636 | 97 | ||||||
Juniper Networks Inc | 7,826 | 198 | ||||||
Keysight Technologies Inc * | 11,370 | 1,630 | ||||||
KLA Corp | 1,904 | 629 | ||||||
Knowles Corp * | 2,314 | 48 | ||||||
Lam Research Corp | 3,493 | 2,079 | ||||||
Lattice Semiconductor Corp * | 369 | 17 | ||||||
Littelfuse Inc | 60 | 16 | ||||||
Lumentum Holdings Inc * | 660 | 60 | ||||||
Manhattan Associates Inc * | 1,278 | 150 | ||||||
Marvell Technology Group Ltd | 4,705 | 230 | ||||||
Mastercard Inc, Cl A | 12,929 | 4,603 | ||||||
Maxim Integrated Products Inc | 3,740 | 342 | ||||||
MAXIMUS Inc | 682 | 61 | ||||||
Medallia Inc * | 1,562 | 44 | ||||||
Microchip Technology Inc | 1,611 | 250 | ||||||
| 12 | New Covenant Funds/ Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Continued)
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Micron Technology Inc * | 12,229 | $ | 1,079 | |||||
Microsoft Corp | 105,826 | 24,951 | ||||||
MicroStrategy Inc, Cl A * | 69 | 47 | ||||||
MKS Instruments Inc | 103 | 19 | ||||||
MongoDB Inc, Cl A * | 574 | 154 | ||||||
Monolithic Power Systems Inc | 64 | 23 | ||||||
National Instruments Corp | 2,353 | 102 | ||||||
NCR Corp * | 334 | 13 | ||||||
NetApp Inc | 2,936 | 213 | ||||||
NetScout Systems Inc * | 2,073 | 58 | ||||||
New Relic Inc * | 749 | 46 | ||||||
NIC Inc | 2,268 | 77 | ||||||
Novanta Inc * | 98 | 13 | ||||||
Nuance Communications Inc * | 2,832 | 124 | ||||||
Nutanix Inc, Cl A * | 359 | 10 | ||||||
NVIDIA Corp | 9,892 | 5,282 | ||||||
Okta Inc, Cl A * | 812 | 179 | ||||||
ON Semiconductor Corp * | 9,649 | 402 | ||||||
Oracle Corp | 34,708 | 2,435 | ||||||
OSI Systems Inc * | 497 | 48 | ||||||
PagerDuty Inc * | 1,821 | 73 | ||||||
Palo Alto Networks Inc * | 675 | 217 | ||||||
Paychex Inc | 2,612 | 256 | ||||||
Paycom Software Inc * | 194 | 72 | ||||||
Paylocity Holding Corp * | 417 | 75 | ||||||
PayPal Holdings Inc * | 18,658 | 4,531 | ||||||
Paysign Inc * | 4,721 | 21 | ||||||
Pegasystems Inc | 150 | 17 | ||||||
Perficient Inc * | 1,142 | 67 | ||||||
Perspecta Inc | 1,895 | 55 | ||||||
Photronics Inc * | 3,197 | 41 | ||||||
Plantronics Inc | 1,930 | 75 | ||||||
Plexus Corp * | 633 | 58 | ||||||
Pluralsight Inc, Cl A * | 2,621 | 59 | ||||||
Power Integrations Inc | 196 | 16 | ||||||
Priority Technology Holdings * | 10,659 | 74 | ||||||
Progress Software Corp | 1,206 | 53 | ||||||
Proofpoint Inc * | 98 | 12 | ||||||
PROS Holdings Inc * | 818 | 35 | ||||||
PTC Inc * | 677 | 93 | ||||||
Pure Storage Inc, Cl A * | 685 | 15 | ||||||
Qorvo Inc * | 100 | 18 | ||||||
QUALCOMM Inc | 17,833 | 2,364 | ||||||
Qualys Inc * | 591 | 62 | ||||||
Rambus Inc * | 3,633 | 71 | ||||||
Rapid7 Inc * | 892 | 67 | ||||||
RealPage Inc * | 211 | 18 | ||||||
RingCentral Inc, Cl A * | 699 | 208 | ||||||
Rogers Corp * | 392 | 74 | ||||||
Sabre Corp * | 506 | 8 | ||||||
salesforce.com Inc * | 17,125 | 3,628 | ||||||
Sanmina Corp * | 1,459 | 60 | ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
ScanSource Inc * | 1,292 | $ | 39 | |||||
Semtech Corp * | 1,000 | 69 | ||||||
ServiceNow Inc * | 2,243 | 1,122 | ||||||
Silicon Laboratories Inc * | 437 | 62 | ||||||
Skyworks Solutions Inc | 747 | 137 | ||||||
Smartsheet Inc, Cl A * | 266 | 17 | ||||||
SolarEdge Technologies * | 210 | 60 | ||||||
SolarWinds Corp * | 634 | 11 | ||||||
Splunk Inc * | 1,357 | 184 | ||||||
Sprout Social, Cl A * | 832 | 48 | ||||||
SPS Commerce Inc * | 152 | 15 | ||||||
Square Inc, Cl A * | 4,127 | 937 | ||||||
Switch Inc, Cl A | 779 | 13 | ||||||
Synaptics Inc * | 142 | 19 | ||||||
SYNNEX Corp | 387 | 44 | ||||||
Synopsys Inc * | 1,083 | 268 | ||||||
Teradata Corp * | 4,437 | 171 | ||||||
Teradyne Inc | 4,784 | 582 | ||||||
Texas Instruments Inc | 13,483 | 2,548 | ||||||
Trade Desk Inc/The, Cl A * | 829 | 540 | ||||||
Trimble Inc * | 2,035 | 158 | ||||||
TTEC Holdings Inc | 202 | 20 | ||||||
TTM Technologies Inc * | 3,357 | 49 | ||||||
Tucows Inc, Cl A * | 170 | 13 | ||||||
Twilio Inc, Cl A * | 2,168 | 739 | ||||||
Tyler Technologies Inc * | 393 | 167 | ||||||
Ubiquiti Inc | 48 | 14 | ||||||
Unisys Corp * | 689 | 18 | ||||||
Universal Display Corp | 521 | 123 | ||||||
Upland Software Inc * | 255 | 12 | ||||||
Varonis Systems Inc, Cl B * | 327 | 17 | ||||||
Verint Systems Inc * | 947 | 43 | ||||||
VeriSign Inc * | 802 | 159 | ||||||
Verra Mobility Corp, Cl A * | 3,479 | 47 | ||||||
ViaSat Inc * | 693 | 33 | ||||||
Viavi Solutions Inc * | 3,355 | 53 | ||||||
Visa Inc, Cl A | 21,787 | 4,613 | ||||||
VMware Inc, Cl A * | 1,343 | 202 | ||||||
Western Digital Corp | 2,423 | 162 | ||||||
Western Union Co/The | 425 | 10 | ||||||
WEX Inc * | 55 | 12 | ||||||
Workday Inc, Cl A * | 2,079 | 516 | ||||||
Workiva Inc, Cl A * | 1,224 | 108 | ||||||
Xerox Holdings Corp | 4,697 | 114 | ||||||
Xilinx Inc | 2,632 | 326 | ||||||
Xperi Holding Corp | 2,351 | 51 | ||||||
Zebra Technologies Corp, Cl A * | 438 | 213 | ||||||
Zendesk Inc * | 152 | 20 | ||||||
Zoom Video Communications Inc, Cl A * | 2,174 | 698 | ||||||
Zscaler Inc * | 786 | 135 | ||||||
| New Covenant Funds/ Quarterly Report /March 31, 2021 | 13 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Continued)
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Zuora Inc, Cl A * | 3,498 | $ | 52 | |||||
|
|
| ||||||
| 139,587 | ||||||||
|
|
| ||||||
Materials — 2.8% | ||||||||
Air Products and Chemicals Inc | 4,688 | 1,319 | ||||||
Albemarle Corp | 167 | 24 | ||||||
Alcoa Corp * | 5,657 | 184 | ||||||
Allegheny Technologies Inc * | 2,362 | 50 | ||||||
AptarGroup Inc | 1,944 | 275 | ||||||
Arconic Corp * | 1,844 | 47 | ||||||
Ashland Global Holdings Inc | 152 | 14 | ||||||
Avery Dennison Corp | 88 | 16 | ||||||
Axalta Coating Systems Ltd * | 7,963 | 236 | ||||||
Balchem Corp | 488 | 61 | ||||||
Ball Corp | 14,154 | 1,199 | ||||||
Berry Global Group Inc * | 4,123 | 253 | ||||||
Cabot Corp | 238 | 13 | ||||||
Carpenter Technology Corp | 1,006 | 41 | ||||||
Celanese Corp, Cl A | 93 | 14 | ||||||
CF Industries Holdings Inc | 1,066 | 48 | ||||||
Chase Corp | 421 | 49 | ||||||
Chemours Co/The | 2,832 | 79 | ||||||
Cleveland-Cliffs Inc | 11,888 | 239 | ||||||
Coeur Mining Inc * | 6,945 | 63 | ||||||
Compass Minerals International Inc | 851 | 53 | ||||||
Corteva Inc | 4,455 | 208 | ||||||
Crown Holdings Inc | 6,925 | 672 | ||||||
Domtar Corp | 298 | 11 | ||||||
Dow Inc | 6,392 | 409 | ||||||
DuPont de Nemours Inc | 6,954 | 537 | ||||||
Eagle Materials Inc | 126 | 17 | ||||||
Eastman Chemical Co | 9,101 | 1,002 | ||||||
Ecolab Inc | 2,293 | 491 | ||||||
FMC Corp | 2,400 | 266 | ||||||
Freeport-McMoRan Inc | 27,003 | 889 | ||||||
Graphic Packaging Holding Co | 681 | 12 | ||||||
Greif Inc, Cl A | 1,122 | 64 | ||||||
HB Fuller Co | 976 | 61 | ||||||
Huntsman Corp | 475 | 14 | ||||||
Ingevity Corp * | 563 | 43 | ||||||
Innospec Inc | 499 | 51 | ||||||
International Flavors & Fragrances Inc | 2,307 | 322 | ||||||
International Paper Co | 785 | 42 | ||||||
Kraton Corp * | 2,033 | 74 | ||||||
Livent Corp * | 5,807 | 101 | ||||||
Louisiana-Pacific Corp | 1,740 | 97 | ||||||
LyondellBasell Industries NV, Cl A | 2,182 | 227 | ||||||
Martin Marietta Materials Inc | 397 | 133 | ||||||
Minerals Technologies Inc | 880 | 66 | ||||||
Mosaic Co/The | 3,590 | 114 | ||||||
Neenah Inc | 693 | 36 | ||||||
Newmont Corp | 25,920 | 1,562 | ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) |
| |||||||
Novagold Resources Inc * | 1,266 | $ | 11 | |||||
Nucor Corp | 1,510 | 121 | ||||||
Packaging Corp of America | 101 | 14 | ||||||
PPG Industries Inc | 2,274 | 342 | ||||||
Quaker Chemical Corp | 55 | 13 | ||||||
Reliance Steel & Aluminum Co | 412 | 63 | ||||||
Scotts Miracle-Gro Co/The | 163 | 40 | ||||||
Sealed Air Corp | 293 | 13 | ||||||
Sensient Technologies Corp | 779 | 61 | ||||||
Sherwin-Williams Co/The | 2,066 | 1,525 | ||||||
Sonoco Products Co | 185 | 12 | ||||||
Southern Copper Corp | 272 | 18 | ||||||
Steel Dynamics Inc | 2,648 | 134 | ||||||
Stepan Co | 510 | 65 | ||||||
Summit Materials Inc, Cl A * | 2,136 | 60 | ||||||
Trinseo SA | 1,345 | 86 | ||||||
United States Lime & Minerals Inc | 98 | 13 | ||||||
United States Steel Corp | 3,709 | 97 | ||||||
Valvoline Inc | 11,216 | 292 | ||||||
Verso Corp | 2,760 | 40 | ||||||
Vulcan Materials Co | 665 | 112 | ||||||
Warrior Met Coal Inc | 2,378 | 41 | ||||||
Westlake Chemical Corp | 718 | 64 | ||||||
Westrock Co | 3,989 | 208 | ||||||
Worthington Industries Inc | 1,149 | 77 | ||||||
|
|
| ||||||
| 15,320 | ||||||||
|
|
| ||||||
Real Estate — 3.2% | ||||||||
Acadia Realty Trust ‡ | 1,946 | 37 | ||||||
Agree Realty Corp ‡ | 736 | 50 | ||||||
Alexander & Baldwin Inc ‡ | 2,342 | 39 | ||||||
Alexandria Real Estate Equities Inc ‡ | 1,497 | 246 | ||||||
American Campus Communities Inc ‡ | 252 | 11 | ||||||
American Finance Trust Inc ‡ | 3,743 | 37 | ||||||
American Tower Corp, Cl A ‡ | 5,189 | 1,240 | ||||||
Apartment Income REIT ‡ | 1,711 | 73 | ||||||
Apartment Investment and Management, Cl A ‡ | 1,711 | 10 | ||||||
Apple Hospitality REIT Inc ‡ | 718 | 10 | ||||||
AvalonBay Communities Inc ‡ | 3,261 | 602 | ||||||
Brandywine Realty Trust ‡ | 14,492 | 187 | ||||||
Brixmor Property Group Inc ‡ | 4,703 | 95 | ||||||
Camden Property Trust ‡ | 125 | 14 | ||||||
CareTrust REIT Inc ‡ | 2,438 | 57 | ||||||
CBRE Group Inc, Cl A * | 20,997 | 1,661 | ||||||
Colony Capital Inc ‡ | 41,643 | 270 | ||||||
Columbia Property Trust Inc ‡ | 565 | 10 | ||||||
Community Healthcare Trust Inc ‡ | 1,136 | 52 | ||||||
Corporate Office Properties Trust ‡ | 7,752 | 204 | ||||||
Cousins Properties Inc ‡ | 289 | 10 | ||||||
Crown Castle International Corp ‡ | 3,900 | 671 | ||||||
CubeSmart ‡ | 377 | 14 | ||||||
| 14 | New Covenant Funds/ Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Continued)
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) | ||||||||
CyrusOne Inc ‡ | 181 | $ | 12 | |||||
DiamondRock Hospitality Co *‡ | 4,575 | 47 | ||||||
Digital Realty Trust Inc ‡ | 2,674 | 377 | ||||||
Diversified Healthcare Trust ‡ | 6,702 | 32 | ||||||
Douglas Emmett Inc ‡ | 448 | 14 | ||||||
Duke Realty Corp ‡ | 2,798 | 117 | ||||||
Empire State Realty Trust Inc, Cl A ‡ | 5,592 | 62 | ||||||
EPR Properties ‡ | 735 | 34 | ||||||
Equinix Inc ‡ | 1,035 | 703 | ||||||
Equity Commonwealth ‡ | 846 | 24 | ||||||
Equity LifeStyle Properties Inc ‡ | 167 | 11 | ||||||
Equity Residential ‡ | 3,485 | 250 | ||||||
Essential Properties Realty Trust Inc ‡ | 2,028 | 46 | ||||||
Essex Property Trust Inc ‡ | 454 | 123 | ||||||
eXp World Holdings * | 953 | 43 | ||||||
Extra Space Storage Inc ‡ | 811 | 107 | ||||||
Federal Realty Investment Trust ‡ | 664 | 67 | ||||||
First Industrial Realty Trust Inc ‡ | 1,226 | 56 | ||||||
Four Corners Property Trust Inc ‡ | 1,848 | 51 | ||||||
Franklin Street Properties Corp ‡ | 5,897 | 32 | ||||||
Gaming and Leisure Properties Inc ‡ | 283 | 12 | ||||||
Global Net Lease Inc ‡ | 2,484 | 45 | ||||||
Healthcare Realty Trust Inc ‡ | 1,555 | 47 | ||||||
Healthcare Trust of America Inc, Cl A ‡ | 392 | 11 | ||||||
Healthpeak Properties Inc ‡ | 9,384 | 298 | ||||||
Highwoods Properties Inc ‡ | 247 | 11 | ||||||
Howard Hughes Corp/The * | 795 | 76 | ||||||
Hudson Pacific Properties Inc ‡ | 2,475 | 67 | ||||||
Industrial Logistics Properties Trust ‡ | 2,389 | 55 | ||||||
Innovative Industrial Properties, Cl A ‡ | 275 | 50 | ||||||
Invitation Homes Inc ‡ | 398 | 13 | ||||||
Iron Mountain Inc ‡ | 5,996 | 222 | ||||||
JBG SMITH Properties ‡ | 2,065 | 66 | ||||||
Jones Lang LaSalle Inc | 1,270 | 227 | ||||||
Kilroy Realty Corp ‡ | 4,516 | 296 | ||||||
Kimco Realty Corp ‡ | 4,679 | 88 | ||||||
Kite Realty Group Trust ‡ | 2,741 | 53 | ||||||
Lamar Advertising Co, Cl A ‡ | 1,059 | 99 | ||||||
Lexington Realty Trust ‡ | 4,761 | 53 | ||||||
Life Storage Inc ‡ | 165 | 14 | ||||||
LTC Properties Inc ‡ | 1,142 | 48 | ||||||
Macerich Co/The ‡ | 5,508 | 64 | ||||||
Marcus & Millichap Inc * | 1,380 | 47 | ||||||
Medical Properties Trust Inc ‡ | 2,513 | 53 | ||||||
Mid-America Apartment Communities Inc ‡ | 97 | 14 | ||||||
Monmouth Real Estate Investment Corp ‡ | 3,365 | 60 | ||||||
National Health Investors Inc ‡ | 635 | 46 | ||||||
National Retail Properties Inc ‡ | 975 | 43 | ||||||
Newmark Group Inc, Cl A | 3,753 | 38 | ||||||
Office Properties Income Trust ‡ | 1,618 | 45 | ||||||
Omega Healthcare Investors Inc ‡ | 1,229 | 45 | ||||||
Outfront Media Inc ‡ | 1,951 | 43 | ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) | ||||||||
Paramount Group Inc ‡ | 5,922 | $ | 60 | |||||
Park Hotels & Resorts Inc ‡ | 1,996 | 43 | ||||||
Pebblebrook Hotel Trust ‡ | 1,899 | 46 | ||||||
Physicians Realty Trust ‡ | 2,753 | 49 | ||||||
Piedmont Office Realty Trust Inc, Cl A ‡ | 2,333 | 41 | ||||||
PotlatchDeltic Corp ‡ | 1,174 | 62 | ||||||
Prologis Inc ‡ | 20,608 | 2,184 | ||||||
Public Storage ‡ | 1,177 | 290 | ||||||
QTS Realty Trust Inc, Cl A ‡ | 981 | 61 | ||||||
Rayonier Inc ‡ | 1,593 | 51 | ||||||
RE/MAX Holdings Inc, Cl A | 1,292 | 51 | ||||||
Realogy Holdings Corp * | 4,621 | 70 | ||||||
Realty Income Corp ‡ | 1,039 | 66 | ||||||
Redfin Corp * | 458 | 30 | ||||||
Regency Centers Corp ‡ | 24,932 | 1,414 | ||||||
Retail Opportunity Investments Corp ‡ | 2,907 | 46 | ||||||
Retail Properties of America Inc, Cl A ‡ | 876 | 9 | ||||||
Rexford Industrial Realty Inc ‡ | 1,114 | 56 | ||||||
RLJ Lodging Trust ‡ | 2,849 | 44 | ||||||
RMR Group Inc/The, Cl A | 1,095 | 45 | ||||||
RPT Realty ‡ | 3,429 | 39 | ||||||
Ryman Hospitality Properties Inc ‡ | 577 | 45 | ||||||
Sabra Health Care REIT Inc ‡ | 2,410 | 42 | ||||||
Safehold Inc ‡ | 226 | 16 | ||||||
SBA Communications Corp, Cl A ‡ | 513 | 142 | ||||||
Service Properties Trust ‡ | 483 | 6 | ||||||
Simon Property Group Inc ‡ | 3,706 | 422 | ||||||
SITE Centers Corp ‡ | 3,734 | 51 | ||||||
SL Green Realty ‡ | 2,472 | 173 | ||||||
Spirit Realty Capital Inc ‡ | 237 | 10 | ||||||
St Joe Co/The | 460 | 20 | ||||||
STAG Industrial Inc ‡ | 1,647 | 55 | ||||||
STORE Capital Corp ‡ | 2,555 | 86 | ||||||
Summit Hotel Properties Inc ‡ | 4,173 | 42 | ||||||
Tanger Factory Outlet Centers Inc ‡ | 3,357 | 51 | ||||||
Terreno Realty Corp ‡ | 941 | 54 | ||||||
UDR Inc ‡ | 250 | 11 | ||||||
Uniti Group Inc ‡ | 1,247 | 14 | ||||||
Urban Edge Properties ‡ | 2,679 | 44 | ||||||
Urstadt Biddle Properties Inc, Cl A ‡ | 2,126 | 35 | ||||||
Ventas Inc ‡ | 3,279 | 175 | ||||||
VEREIT Inc ‡ | 2,043 | 79 | ||||||
VICI Properties Inc ‡ | 2,012 | 57 | ||||||
Vornado Realty Trust ‡ | 2,903 | 132 | ||||||
Washington Real Estate Investment Trust ‡ | 1,705 | 38 | ||||||
Weingarten Realty Investors ‡ | 737 | 20 | ||||||
Welltower Inc ‡ | 4,270 | 306 | ||||||
Weyerhaeuser Co ‡ | 17,005 | 605 | ||||||
WP Carey Inc ‡ | 149 | 11 | ||||||
Xenia Hotels & Resorts Inc *‡ | 2,347 | 46 | ||||||
|
|
| ||||||
| 17,702 | ||||||||
|
|
| ||||||
| New Covenant Funds/ Quarterly Report /March 31, 2021 | 15 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Continued)
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) | ||||||||
Utilities — 2.2% | ||||||||
AES Corp/The | 5,282 | $ | 142 | |||||
ALLETE Inc | 620 | 42 | ||||||
Alliant Energy Corp | 213 | 12 | ||||||
Ameren Corp | 506 | 41 | ||||||
American Electric Power Co Inc | 5,930 | 502 | ||||||
American States Water Co | 580 | 44 | ||||||
American Water Works Co Inc | 2,717 | 407 | ||||||
Atmos Energy Corp | 461 | 46 | ||||||
Avangrid Inc | 1,720 | 86 | ||||||
CenterPoint Energy Inc | 434 | 10 | ||||||
Clearway Energy Inc, Cl C | 456 | 13 | ||||||
CMS Energy Corp | 20,708 | 1,268 | ||||||
Consolidated Edison Inc | 3,086 | 231 | ||||||
Dominion Energy Inc | 7,222 | 549 | ||||||
DTE Energy Co | 811 | 108 | ||||||
Duke Energy Corp | 7,493 | 723 | ||||||
Edison International | 3,288 | 193 | ||||||
Entergy Corp | 2,276 | 226 | ||||||
Essential Utilities Inc | 331 | 15 | ||||||
Evergy Inc | 180 | 11 | ||||||
Eversource Energy | 10,983 | 951 | ||||||
Exelon Corp | 11,090 | 485 | ||||||
FirstEnergy Corp | 419 | 15 | ||||||
Hawaiian Electric Industries Inc | 249 | 11 | ||||||
IDACORP Inc | 108 | 11 | ||||||
MDU Resources Group Inc | 386 | 12 | ||||||
MGE Energy Inc | 631 | 45 | ||||||
National Fuel Gas Co | 245 | 12 | ||||||
New Jersey Resources Corp | 1,111 | 44 | ||||||
NextEra Energy Inc | 27,072 | 2,047 | ||||||
NiSource Inc | 419 | 10 | ||||||
Northwest Natural Holding Co | 699 | 38 | ||||||
NRG Energy Inc | 323 | 12 | ||||||
OGE Energy Corp | 261 | 8 | ||||||
Ormat Technologies Inc | 644 | 51 | ||||||
PG&E Corp * | 692 | 8 | ||||||
Pinnacle West Capital Corp | 2,640 | 215 | ||||||
PNM Resources Inc | 975 | 48 | ||||||
Portland General Electric Co | 894 | 42 | ||||||
PPL Corp | 908 | 26 | ||||||
Public Service Enterprise Group Inc | 5,257 | 316 | ||||||
Sempra Energy | 2,048 | 271 | ||||||
SJW Group | 716 | 45 | ||||||
South Jersey Industries Inc | 1,556 | 35 | ||||||
Southern Co/The | 13,370 | 831 | ||||||
Sunnova Energy International Inc * | 717 | 29 | ||||||
UGI Corp | 253 | 10 | ||||||
Vistra Corp | 2,088 | 37 | ||||||
WEC Energy Group Inc | 1,246 | 117 | ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
COMMON STOCK (continued) | ||||||||
Xcel Energy Inc | 21,147 | $ | 1,406 | |||||
|
|
| ||||||
| 11,857 | ||||||||
|
|
| ||||||
Total Common Stock (Cost $286,392) ($ Thousands) | 523,634 | |||||||
|
|
| ||||||
FOREIGN COMMON STOCK — 2.6% | ||||||||
Bosnia and Herzegovina — 0.0% | ||||||||
RenaissanceRe Holdings Ltd | 248 | 40 | ||||||
|
|
| ||||||
Canada — 0.1% | ||||||||
Lululemon Athletica Inc * | 1,171 | 359 | ||||||
|
|
| ||||||
Cayman Islands — 0.0% | ||||||||
Herbalife Nutrition Ltd * | 1,088 | 48 | ||||||
|
|
| ||||||
Ireland — 1.1% | ||||||||
Accenture PLC, Cl A | 11,297 | 3,121 | ||||||
Jazz Pharmaceuticals PLC * | 616 | 101 | ||||||
Medtronic PLC | 19,976 | 2,360 | ||||||
NortonLifeLock Inc | 13,065 | 278 | ||||||
Perrigo Co PLC | 211 | 8 | ||||||
|
|
| ||||||
| 5,868 | ||||||||
|
|
| ||||||
Puerto Rico — 0.0% | ||||||||
Popular Inc | 1,507 | 106 | ||||||
|
|
| ||||||
Switzerland — 0.0% | ||||||||
Garmin Ltd | 122 | 16 | ||||||
|
|
| ||||||
United Kingdom — 1.4% | ||||||||
Adient PLC * | 732 | 32 | ||||||
Alkermes PLC * | 2,433 | 46 | ||||||
Allegion PLC | 855 | 107 | ||||||
Amcor PLC | 4,821 | 56 | ||||||
Aon PLC, Cl A | 2,247 | 517 | ||||||
Aptiv PLC * | 3,490 | 481 | ||||||
Atlassian Corp PLC, Cl A * | 920 | 194 | ||||||
Cardtronics PLC * | 1,198 | 46 | ||||||
Cimpress PLC * | 398 | 40 | ||||||
Cushman & Wakefield PLC * | 2,593 | 42 | ||||||
Eaton Corp PLC | 13,217 | 1,828 | ||||||
Gates Industrial Corp PLC * | 886 | 14 | ||||||
Horizon Therapeutics PLC * | 1,437 | 132 | ||||||
Johnson Controls International | 8,308 | 496 | ||||||
Linde PLC | 8,150 | 2,283 | ||||||
LivaNova PLC * | 657 | 49 | ||||||
Nielsen Holdings PLC | 7,584 | 191 | ||||||
nVent Electric PLC | 457 | 13 | ||||||
Pentair PLC | 245 | 15 | ||||||
Sensata Technologies Holding PLC * | 4,273 | 248 | ||||||
STERIS PLC | 1,661 | 316 | ||||||
Trane Technologies PLC | 1,779 | 295 | ||||||
Tronox Holdings PLC | 4,385 | 80 | ||||||
| 16 | New Covenant Funds/ Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Continued)
| Description | Shares | Market Value ($ Thousands) | ||||||
FOREIGN COMMON STOCK (continued) |
| |||||||
Willis Towers Watson PLC | 907 | $ | 208 | |||||
|
|
| ||||||
| 7,729 | ||||||||
|
|
| ||||||
Total Foreign Common Stock (Cost $7,980) ($ Thousands) | 14,166 | |||||||
|
|
| ||||||
CASH EQUIVALENT — 1.9% | ||||||||
SEI Daily Income Trust, Government Fund, Cl F | ||||||||
0.010%**† | 10,356,047 | 10,356 | ||||||
|
|
| ||||||
Total Cash Equivalent | 10,356 | |||||||
|
|
| ||||||
Total Investments in Securities —99.5% | $ | 548,156 | ||||||
|
|
| ||||||
A list of the open futures held by the Fund at March 31, 2021 are as follows:
| ||||||||||||||||||||
Type of Contract | Number of Contracts Long | Expiration Date | Notional Amount (Thousands) | Value (Thousands) | Unrealized Appreciation (Depreciation) (Thousands) | |||||||||||||||
| ||||||||||||||||||||
Russell 2000 Index E-MINI | 12 | Jun-2021 | $ | 1,387 | $ | 1,333 | $ | (54) | ||||||||||||
S&P 500 Index E-MINI | 49 | Jun-2021 | 9,636 | 9,720 | 84 | |||||||||||||||
|
| |||||||||||||||||||
| $ | 11,023 | $ | 11,053 | $ | 30 | |||||||||||||||
|
| |||||||||||||||||||
The futures contracts are considered to have interest rate risk associated with them.
Percentages are based on Net Assets of $550,872 ($ Thousands).
| * | Non-income producing security. |
| ** | The rate reported is the 7-day effective yield as of March 31, 2021. |
| † | Investment in Affiliated Security. |
| ‡ | Real Estate Investment Trust. |
| (A) | Security is a Master Limited Partnership. At March 31, 2021, such securities amounted to $101 ($ |
Thousands), or 0.0% of the Net Assets of the Fund.
Cl — Class
Ltd. — Limited
MSCI — Morgan Stanley Capital International
PLC — Public Limited Company
REIT — Real Estate investment Trust
S&P— Standard & Poor’s
The following is a list of the level of inputs used as of March 31, 2021, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands).
| Investments in Securities | Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | ||||||||||||
Common Stock | 523,634 | – | – | 523,634 | ||||||||||||
Foreign Common Stock | 14,166 | – | – | 14,166 | ||||||||||||
Cash Equivalent | 10,356 | – | – | 10,356 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Total Investments in Securities | 548,156 | – | – | 548,156 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
| Other Financial Instruments | Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | ||||||||||||
Futures Contracts* | ||||||||||||||||
Unrealized Appreciation | 84 | – | – | 84 | ||||||||||||
Unrealized Depreciation | (54 | ) | – | – | (54 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Total Other Financial Instruments | 30 | – | – | 30 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
* Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.
For the period ended March 31, 2021, there were no transfers in or out of Level 3.
Amounts designated as “ —” are either $0 or have been rounded to $0.
For information regarding the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
| New Covenant Funds/ Quarterly Report /March 31, 2021 | 17 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Growth Fund (Concluded)
The following is a summary of the transactions with affiliates for the period ended March 31, 2021 ($ Thousands):
| Security Description | Value at 6/30/2020 | Purchases at Cost | Proceeds from Sales | Realized Gain/ (Loss) | Change in Unrealized Appreciation (Depreciation) | Value 3/31/2021 | Shares | Dividend Income | Capital Gains | |||||||||
SEI Daily Income Trust, Government Fund, Cl F | $6,613 | $43,292 | $(39,549) | $— | $— | $10,356 | 10,356,047 | $— | $— | |||||||||
|
|
|
|
|
|
|
|
| 18 | New Covenant Funds/ Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
MORTGAGE-BACKED SECURITIES — 42.8% |
| |||||||
Agency Mortgage-Backed Obligations — 34.1% |
| |||||||
FHLMC | ||||||||
6.500%, 12/01/2035 to 09/01/2039 | $ | 598 | $ | 678 | ||||
6.000%, 03/01/2035 | 926 | 1,106 | ||||||
5.500%, 12/01/2036 to 12/01/2038 | 187 | 218 | ||||||
5.000%, 05/01/2022 to 03/01/2050 | 1,039 | 1,186 | ||||||
4.500%, 06/01/2038 to 04/01/2050 | 5,629 | 6,217 | ||||||
4.000%, 07/01/2037 to 03/01/2050 | 2,506 | 2,752 | ||||||
3.500%, 04/01/2033 to 05/01/2050 | 4,314 | 4,636 | ||||||
3.000%, 09/01/2032 to 04/01/2050 | 5,165 | 5,452 | ||||||
2.769%, VAR ICE LIBOR USD 12 Month+1.654%, 01/01/2049 | 515 | 537 | ||||||
2.699%, VAR ICE LIBOR USD 12 Month+1.629%, 09/01/2047 | 668 | 698 | ||||||
2.500%, 08/01/2030 to 02/01/2051 | 4,638 | 4,794 | ||||||
2.158%, VAR ICE LIBOR USD 12 Month+1.596%, 06/01/2047 | 594 | 616 | ||||||
2.000%, 10/01/2032 to 04/30/2051 | 933 | 942 | ||||||
0.761%, 09/25/2027 | 7,994 | 349 | ||||||
FHLMC CMO, Ser 2011-3947, Cl SG, IO | ||||||||
5.844%, VAR LIBOR USD 1 Month+5.950%, 10/15/2041 | 152 | 24 | ||||||
FHLMC CMO, Ser 2012-4057, Cl UI, IO | ||||||||
3.000%, 05/15/2027 | 91 | 5 | ||||||
FHLMC CMO, Ser 2012-4085, Cl IO, IO | ||||||||
3.000%, 06/15/2027 | 194 | 10 | ||||||
FHLMC CMO, Ser 2012-4099, Cl ST, IO | ||||||||
5.894%, VAR LIBOR USD 1 Month+6.000%, 08/15/2042 | 83 | 17 | ||||||
FHLMC CMO, Ser 2013-4194, Cl BI, IO | ||||||||
3.500%, 04/15/2043 | 87 | 12 | ||||||
FHLMC CMO, Ser 2013-4203, Cl PS, IO | ||||||||
6.144%, VAR LIBOR USD 1 Month+6.250%, 09/15/2042 | 123 | 17 | ||||||
FHLMC CMO, Ser 2014-4310, Cl SA, IO | ||||||||
5.844%, VAR LIBOR USD 1 Month+5.950%, 02/15/2044 | 35 | 7 | ||||||
FHLMC CMO, Ser 2014-4335, Cl SW, IO | ||||||||
5.894%, VAR LIBOR USD 1 Month+6.000%, 05/15/2044 | 69 | 13 | ||||||
FHLMC CMO, Ser 2014-4415, Cl IO, IO | ||||||||
2.282%, 04/15/2041 (A) | 33 | 2 | ||||||
FHLMC Multifamily Structured Pass-Through Certificates, Ser 1515, Cl X1, IO | ||||||||
1.513%, 02/25/2035 (A) | 2,298 | 359 | ||||||
FHLMC Multifamily Structured Pass-Through Certificates, Ser 1516, Cl X1, IO | ||||||||
1.512%, 05/25/2035 (A) | 849 | 140 | ||||||
FHLMC Multifamily Structured Pass-Through Certificates, Ser K118, Cl X1, IO | ||||||||
0.962%, 09/25/2030 (A) | 5,736 | 446 | ||||||
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
FHLMC Multifamily Structured Pass-Through Certificates, Ser K-1517, Cl X1, IO | ||||||||
1.334%, 07/25/2035 (A) | $ | 240 | $ | 35 | ||||
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2016-DNA1, Cl M3 | ||||||||
5.659%, VAR ICE LIBOR USD 1 Month+5.550%, 07/25/2028 | 299 | 314 | ||||||
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA3, Cl M2 | ||||||||
2.609%, VAR ICE LIBOR USD 1 Month+2.500%, 03/25/2030 | 250 | 255 | ||||||
FHLMC, Ser 2016-353, Cl S1, IO | ||||||||
5.894%, VAR LIBOR USD 1 Month+6.000%, 12/15/2046 | 113 | 23 | ||||||
FHLMC, Ser 2018-4813, Cl CJ | ||||||||
3.000%, 08/15/2048 | 68 | 70 | ||||||
FHLMC, Ser 2020-5010, Cl JI, IO | ||||||||
2.500%, 09/25/2050 | 192 | 31 | ||||||
FHLMC, Ser 2020-5010, Cl IK, IO | ||||||||
2.500%, 09/25/2050 | 92 | 14 | ||||||
FHLMC, Ser 2020-5013, Cl IN, IO | ||||||||
2.500%, 09/25/2050 | 99 | 16 | ||||||
FHLMC, Ser 2020-5018, Cl MI, IO | ||||||||
2.000%, 10/25/2050 | 98 | 13 | ||||||
FNMA | ||||||||
7.000%, 11/01/2037 to 11/01/2038 | 25 | 30 | ||||||
6.500%, 01/01/2038 to 05/01/2040 | 161 | 188 | ||||||
6.000%, 07/01/2037 to 07/01/2041 | 99 | 118 | ||||||
5.500%, 02/01/2035 | 93 | 109 | ||||||
5.000%, 11/01/2025 to 03/01/2050 | 4,848 | 5,428 | ||||||
4.500%, 02/01/2035 to 08/01/2058 | 6,193 | 6,875 | ||||||
4.000%, 06/01/2025 to 06/01/2057 | 10,621 | 11,608 | ||||||
3.500%, 04/01/2033 to 03/01/2057 | 12,706 | 13,602 | ||||||
3.000%, 02/01/2036 to 11/01/2050 | 11,827 | 12,452 | ||||||
2.846%, VAR ICE LIBOR USD 12 Month+1.700%, 03/01/2036 | 20 | 20 | ||||||
2.799%, VAR ICE LIBOR USD 12 Month+1.429%, 05/01/2043 | 151 | 156 | ||||||
2.790%, 08/01/2029 | 200 | 213 | ||||||
2.500%, 06/01/2028 to 04/01/2051 | 5,958 | 6,186 | ||||||
2.393%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.268%, 01/01/2036 | 23 | 23 | ||||||
2.260%, 04/01/2030 | 98 | 102 | ||||||
2.000%, 07/01/2031 to 04/01/2051 | 6,311 | 6,372 | ||||||
1.500%, 12/01/2035 | 98 | 98 | ||||||
FNMA CMO, Ser 2003-W2, Cl 2A9 | ||||||||
5.900%, 07/25/2042 | 384 | 443 | ||||||
FNMA CMO, Ser 2012-93, Cl UI, IO | ||||||||
3.000%, 09/25/2027 | 269 | 15 | ||||||
FNMA CMO, Ser 2014-47, Cl AI, IO | ||||||||
2.179%, 08/25/2044 (A) | 89 | 5 | ||||||
| New Covenant Funds / Quarterly Report /March 31, 2021 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Continued)
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
FNMA CMO, Ser 2015-55, Cl IO, IO | ||||||||
1.802%, 08/25/2055 (A) | $ | 23 | $ | 1 | ||||
FNMA CMO, Ser 2015-56, Cl AS, IO | ||||||||
6.041%, VAR LIBOR USD 1 Month+6.150%, 08/25/2045 | 46 | 11 | ||||||
FNMA Connecticut Avenue Securities, Ser 2014-C04, Cl 1M2 | ||||||||
5.009%, VAR ICE LIBOR USD 1 Month+4.900%, 11/25/2024 | 169 | 174 | ||||||
FNMA TBA | ||||||||
2.500%, 04/01/2043 | 2,900 | 2,974 | ||||||
2.000%, 04/15/2051 | 7,500 | 7,478 | ||||||
1.500%, 04/15/2036 | 2,600 | 2,611 | ||||||
FNMA, Ser 2005-29, Cl ZA | ||||||||
5.500%, 04/25/2035 | 118 | 134 | ||||||
FNMA, Ser 2012-101, Cl BI, IO | ||||||||
4.000%, 09/25/2027 | 8 | – | ||||||
FNMA, Ser 2013-54, Cl BS, IO | ||||||||
6.041%, VAR LIBOR USD 1 Month+6.150%, 06/25/2043 | 35 | 7 | ||||||
FNMA, Ser 2017-76, Cl SB, IO | ||||||||
5.991%, VAR LIBOR USD 1 Month+6.100%, 10/25/2057 | 200 | 43 | ||||||
FNMA, Ser 2017-85, Cl SC, IO | ||||||||
6.091%, VAR LIBOR USD 1 Month+6.200%, 11/25/2047 | 51 | 9 | ||||||
FNMA, Ser 2019-M19, Cl A2 | ||||||||
2.560%, 09/25/2029 | 89 | 94 | ||||||
FNMA, Ser 2019-M23, Cl 3A3 | ||||||||
2.720%, 10/25/2031 (A) | 100 | 101 | ||||||
FNMA, Ser 2019-M6, Cl A2 | ||||||||
3.450%, 01/01/2029 | 70 | 78 | ||||||
FNMA, Ser 2020-47, Cl GZ | ||||||||
2.000%, 07/25/2050 | 102 | 87 | ||||||
FNMA, Ser 2020-56, Cl DI, IO | ||||||||
2.500%, 08/25/2050 | 95 | 16 | ||||||
FNMA, Ser 2021-1, Cl IG, IO | ||||||||
2.500%, 02/25/2051 | 199 | 32 | ||||||
FRESB Mortgage Trust, Ser 2018-SB48, Cl A10F | ||||||||
3.357%, 02/25/2028 (A) | 616 | 644 | ||||||
FRESB Mortgage Trust, Ser 2019-SB58, Cl A10F | ||||||||
3.610%, 10/25/2028 (A) | 976 | 1,028 | ||||||
GNMA | ||||||||
5.500%, 02/20/2037 to 01/15/2039 | 87 | 101 | ||||||
5.000%, 12/20/2038 to 01/20/2049 | 731 | 828 | ||||||
4.600%, 09/15/2034 | 1,433 | 1,617 | ||||||
4.500%, 05/20/2040 to 03/20/2050 | 2,804 | 3,101 | ||||||
4.000%, 01/15/2041 to 11/20/2049 | 2,642 | 2,880 | ||||||
3.500%, 06/20/2044 to 10/20/2050 | 2,179 | 2,331 | ||||||
3.000%, 09/15/2042 to 12/20/2050 | 2,547 | 2,669 | ||||||
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
2.500%, 02/20/2027 to 01/20/2051 | $ | 1,964 | $ | 2,053 | ||||
2.000%, 12/20/2050 to 03/20/2051 | 496 | 500 | ||||||
GNMA CMO, Ser 2012-34, Cl SA, IO | ||||||||
5.939%, VAR LIBOR USD 1 Month+6.050%, 03/20/2042 | 25 | 6 | ||||||
GNMA CMO, Ser 2012-66, Cl CI, IO | ||||||||
3.500%, 02/20/2038 | 21 | – | ||||||
GNMA CMO, Ser 2012-H18, Cl NA | ||||||||
0.640%, VAR ICE LIBOR USD 1 Month+0.520%, 08/20/2062 | 126 | 126 | ||||||
GNMA CMO, Ser 2012-H30, Cl GA | ||||||||
0.470%, VAR ICE LIBOR USD 1 Month+0.350%, 12/20/2062 | 602 | 602 | ||||||
GNMA CMO, Ser 2013-85, Cl IA, IO | ||||||||
0.390%, 03/16/2047 (A) | 1,265 | 19 | ||||||
GNMA CMO, Ser 2013-95, Cl IO, IO | ||||||||
0.544%, 04/16/2047 (A) | 1,198 | 24 | ||||||
GNMA CMO, Ser 2013-H01, Cl TA | ||||||||
0.620%, VAR ICE LIBOR USD 1 Month+0.500%, 01/20/2063 | 3 | 3 | ||||||
GNMA CMO, Ser 2013-H08, Cl BF | �� | |||||||
0.520%, VAR ICE LIBOR USD 1 Month+0.400%, 03/20/2063 | 506 | 507 | ||||||
GNMA CMO, Ser 2014-105, Cl IO, IO | ||||||||
0.217%, 06/16/2054 (A) | 69 | 3 | ||||||
GNMA CMO, Ser 2014-186, Cl IO, IO | ||||||||
0.656%, 08/16/2054 (A) | 692 | 20 | ||||||
GNMA CMO, Ser 2015-H20, Cl FA | ||||||||
0.590%, VAR ICE LIBOR USD 1 Month+0.470%, 08/20/2065 | 239 | 240 | ||||||
GNMA TBA | ||||||||
3.000%, 05/01/2043 | 200 | 208 | ||||||
2.500%, 04/15/2048 | 1,300 | 1,340 | ||||||
2.000%, 04/15/2051 | 1,400 | 1,413 | ||||||
GNMA, Ser 2013-107, Cl AD | ||||||||
2.755%, 11/16/2047 (A) | 64 | 67 | ||||||
GNMA, Ser 2013-H21, Cl FB | ||||||||
0.820%, VAR ICE LIBOR USD 1 Month+0.700%, 09/20/2063 | 417 | 420 | ||||||
GNMA, Ser 2015-167, Cl OI, IO | ||||||||
4.000%, 04/16/2045 | 73 | 12 | ||||||
GNMA, Ser 2019-28, Cl AB | ||||||||
3.150%, 06/16/2060 | 44 | 46 | ||||||
GNMA, Ser 2020-123, Cl NI, IO | ||||||||
2.500%, 08/20/2050 | 99 | 15 | ||||||
GNMA, Ser 2020-127, Cl IN, IO | ||||||||
2.500%, 08/20/2050 | 98 | 15 | ||||||
GNMA, Ser 2020-129, Cl IE, IO | ||||||||
2.500%, 09/20/2050 | 98 | 14 | ||||||
GNMA, Ser 2020-160, Cl YI, IO | ||||||||
2.500%, 10/20/2050 | 198 | 31 | ||||||
| 2 | New Covenant Funds / Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Continued)
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
GNMA, Ser 2020-181, Cl WI, IO | ||||||||
2.000%, 12/20/2050 | $ | 494 | $ | 58 | ||||
GNMA, Ser 2020-H04, Cl FP | ||||||||
0.620%, VAR ICE LIBOR USD 1 Month+0.500%, 06/20/2069 | 179 | 181 | ||||||
GNMA, Ser 2020-H09, Cl FL | ||||||||
1.261%, VAR ICE LIBOR USD 1 Month+1.150%, 05/20/2070 | 100 | 105 | ||||||
GNMA, Ser 2020-H13, Cl FM | ||||||||
0.511%, VAR ICE LIBOR USD 1 Month+0.400%, 08/20/2070 | 365 | 366 | ||||||
GNMA, Ser 2020-H13, Cl FA | ||||||||
0.561%, VAR ICE LIBOR USD 1 Month+0.450%, 07/20/2070 | 593 | 599 | ||||||
|
|
| ||||||
| 134,089 | ||||||||
|
|
| ||||||
Non-Agency Mortgage-Backed Obligations — 8.7% |
| |||||||
280 Park Avenue Mortgage Trust, Ser 2017- 280P, Cl A | ||||||||
0.986%, VAR ICE LIBOR USD 1 Month+0.880%, 09/15/2034 (B) | 130 | 130 | ||||||
Atrium Hotel Portfolio Trust, Ser 2017- ATRM, Cl C | ||||||||
1.756%, VAR ICE LIBOR USD 1 Month+1.650%, 12/15/2036 (B) | 410 | 405 | ||||||
BBCMS Mortgage Trust, Ser 2021-C9, Cl A5 | ||||||||
2.299%, 02/15/2054 | 563 | 556 | ||||||
Benchmark Mortgage Trust, Ser 2019-B15, Cl A5 | ||||||||
2.928%, 12/15/2072 | 481 | 502 | ||||||
BX Commercial Mortgage Trust, Ser 2019- XL, Cl A | ||||||||
1.026%, VAR ICE LIBOR USD 1 Month+0.920%, 10/15/2036 (B) | 1,039 | 1,040 | ||||||
Cascade MH Asset Trust, Ser 2021-MH1, Cl A1 | ||||||||
1.753%, 02/25/2046 (B) | 99 | 99 | ||||||
CIM Trust, Ser 2020-INV1, Cl A2 | ||||||||
2.500%, 04/25/2050 (A)(B) | 380 | 383 | ||||||
Citigroup Commercial Mortgage Trust, Ser 2013-375P, Cl A | ||||||||
3.251%, 05/10/2035 (B) | 190 | 198 | ||||||
Citigroup Commercial Mortgage Trust, Ser 2014-GC25, Cl AS | ||||||||
4.017%, 10/10/2047 | 100 | 108 | ||||||
Citigroup Commercial Mortgage Trust, Ser 2016-P6, Cl AAB | ||||||||
3.512%, 12/10/2049 | 810 | 875 | ||||||
COMM Mortgage Trust, Ser 2012-CR5, Cl A4 | ||||||||
2.771%, 12/10/2045 | 700 | 721 | ||||||
COMM Mortgage Trust, Ser 2012-CR5, Cl AM | ||||||||
3.223%, 12/10/2045 (B) | 590 | 610 | ||||||
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
COMM Mortgage Trust, Ser 2013-CR12, Cl AM | ||||||||
4.300%, 10/10/2046 | $ | 20 | $ | 21 | ||||
COMM Mortgage Trust, Ser 2013-CR12, Cl B | ||||||||
4.762%, 10/10/2046 (A) | 20 | 21 | ||||||
COMM Mortgage Trust, Ser 2013-CR12, Cl C | ||||||||
5.067%, 10/10/2046 (A) | 10 | 10 | ||||||
COMM Mortgage Trust, Ser 2013-CR8, Cl A4 | ||||||||
3.334%, 06/10/2046 | 565 | 592 | ||||||
Credit Suisse Mortgage Trust, Ser 2019- NQM1, Cl A3 | ||||||||
3.064%, 10/25/2059 (B) | 356 | 362 | ||||||
CSMC Trust, Ser 2018-J1, Cl A2 | ||||||||
3.500%, 02/25/2048 (A)(B) | 698 | 708 | ||||||
CSMC, Ser 2014-USA, Cl B | ||||||||
4.185%, 09/15/2037 (B) | 470 | 467 | ||||||
DBUBS Mortgage Trust, Ser 2011-LC2A, Cl A4 | ||||||||
4.537%, 07/10/2044 (B) | 300 | 300 | ||||||
Flagstar Mortgage Trust, Ser 2018-2, Cl A4 | ||||||||
3.500%, 04/25/2048 (A)(B) | 67 | 67 | ||||||
GS Mortage-Backed Securities Trust, Ser 2020-PJ1, Cl A6 | ||||||||
3.500%, 05/25/2050 (A)(B) | 201 | 202 | ||||||
GS Mortgage Securities Trust, Ser 2013- GC16, Cl B | ||||||||
5.161%, 11/10/2046 (A) | 80 | 86 | ||||||
GS Mortgage Securities Trust, Ser 2014- GC24, Cl A5 | ||||||||
3.931%, 09/10/2047 | 511 | 557 | ||||||
GS Mortgage Securities Trust, Ser 2015- GC30, Cl A3 | ||||||||
3.119%, 05/10/2050 | 980 | 1,037 | ||||||
GS Mortgage Securities Trust, Ser 2018- SRP5, Cl B | ||||||||
4.481%, 06/09/2021 | 430 | 315 | ||||||
GS Mortgage Securities Trust, Ser 2018- SRP5, Cl A | ||||||||
1.406%, VAR ICE LIBOR USD 1 Month+1.300%, 09/15/2031 (B) | 620 | 540 | ||||||
GS Mortgage Securities Trust, Ser 2019- GC39, Cl A2 | ||||||||
3.457%, 05/10/2052 | 520 | 551 | ||||||
GS Mortgage-Backed Securities Trust, Ser 2018-RPL1, Cl A1A | ||||||||
3.750%, 10/25/2057 (B) | 270 | 285 | ||||||
GS Mortgage-Backed Securities Trust, Ser 2020-INV1, Cl A14 | ||||||||
3.000%, 10/25/2050 (A)(B) | 558 | 566 | ||||||
| New Covenant Funds / Quarterly Report /March 31, 2021 | 3 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Continued)
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
HarborView Mortgage Loan Trust, Ser 2005-9, Cl 2A1B | ||||||||
0.851%, VAR ICE LIBOR USD 1 Month+0.740%, 06/20/2035 | $ | 192 | $ | 192 | ||||
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C15, Cl B | ||||||||
4.927%, 11/15/2045 (A) | 210 | 228 | ||||||
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C17, Cl B | ||||||||
4.889%, 01/15/2047 (A) | 30 | 32 | ||||||
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C22, Cl C | ||||||||
4.554%, 09/15/2047 (A) | 80 | 76 | ||||||
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C25, Cl A5 | ||||||||
3.672%, 11/15/2047 | 578 | 625 | ||||||
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2012-C6, Cl A3 | ||||||||
3.507%, 05/15/2045 | 1,030 | 1,056 | ||||||
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2012-LC9, Cl AS | ||||||||
3.353%, 12/15/2047 (B) | 380 | 391 | ||||||
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2015-FL7, Cl D | ||||||||
3.862%, VAR ICE LIBOR USD 1 Month+3.750%, 05/15/2028 (B) | 129 | 118 | ||||||
JPMorgan Mortgage Trust, Ser 2015-5, Cl A9 | ||||||||
2.482%, 05/25/2045 (A)(B) | 55 | 57 | ||||||
JPMorgan Mortgage Trust, Ser 2018-3, Cl A1 | ||||||||
3.500%, 09/25/2048 (A)(B) | 268 | 272 | ||||||
JPMorgan Mortgage Trust, Ser 2018-4, Cl A1 | ||||||||
3.500%, 10/25/2048 (A)(B) | 96 | 97 | ||||||
JPMorgan Mortgage Trust, Ser 2018-5, Cl A1 | ||||||||
3.500%, 10/25/2048 (A)(B) | 170 | 173 | ||||||
JPMorgan Mortgage Trust, Ser 2021-3, Cl A3 | ||||||||
2.500%, 07/01/2051 (A)(B) | 881 | 892 | ||||||
MAD Mortgage Trust, Ser 2017-330M, Cl A | ||||||||
2.976%, 08/15/2034 (A)(B) | 220 | 229 | ||||||
Metlife Securitization Trust, Ser 2020-INV1, Cl A2A | ||||||||
2.500%, 05/25/2050 (A)(B) | 669 | 675 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2012-C5, Cl A4 | ||||||||
3.176%, 08/15/2045 | 1,475 | 1,511 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C9, Cl A4 | ||||||||
3.102%, 05/15/2046 | 714 | 745 | ||||||
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C24, Cl A4 | ||||||||
3.732%, 05/15/2048 | $ | 473 | $ | 519 | ||||
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C25, Cl A5 | ||||||||
3.635%, 10/15/2048 | 510 | 558 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2017-C34, Cl ASB | ||||||||
3.354%, 11/15/2052 | 615 | 665 | ||||||
Morgan Stanley Capital I Trust, Ser 2012- C4, Cl A4 | ||||||||
3.244%, 03/15/2045 | 219 | 222 | ||||||
Morgan Stanley Capital I Trust, Ser 2015- UBS8, Cl A4 | ||||||||
3.809%, 12/15/2048 | 732 | 807 | ||||||
Morgan Stanley Capital I Trust, Ser 2019- BPR, Cl A | ||||||||
1.506%, VAR ICE LIBOR USD 1 Month+1.400%, 05/15/2036 (B) | 320 | 311 | ||||||
MSCG Trust, Ser 2015-ALDR, Cl A2 3.462%, 06/07/2035 (A)(B) | 410 | 400 | ||||||
Natixis Commercial Mortgage Securities Trust, Ser 2019-FAME, Cl B | ||||||||
3.655%, 08/15/2036 (B) | 410 | 391 | ||||||
New Residential Mortgage Loan Trust, Ser 2018-RPL1, Cl M2 | ||||||||
3.500%, 12/25/2057 (A)(B) | 240 | 240 | ||||||
New Residential Mortgage Loan Trust, Ser 2019-4A, Cl A1B | ||||||||
3.500%, 12/25/2058 (A)(B) | 275 | 290 | ||||||
New Residential Mortgage Loan Trust, Ser 2019-6A, Cl B2 | ||||||||
4.250%, 09/25/2059 (A)(B) | 224 | 245 | ||||||
New Residential Mortgage Loan Trust, Ser 2019-6A, Cl B1 | ||||||||
4.000%, 09/25/2059 (A)(B) | 224 | 246 | ||||||
New Residential Mortgage Loan Trust, Ser 2019-NQM4, Cl A1 | ||||||||
2.492%, 09/25/2059 (A)(B) | 350 | 356 | ||||||
New Residential Mortgage Loan Trust, Ser 2019-RPL3, Cl A1 | ||||||||
2.750%, 07/25/2059 (A)(B) | 294 | 307 | ||||||
Residential Mortgage Loan Trust, Ser 2019- 3, Cl A3 | ||||||||
3.044%, 09/25/2059 (A)(B) | 299 | 304 | ||||||
Residential Mortgage Loan Trust, Ser 2019- 3, Cl A2 | ||||||||
2.941%, 09/25/2059 (A)(B) | 299 | 305 | ||||||
Residential Mortgage Loan Trust, Ser 2020- 2, Cl A1 | ||||||||
1.654%, 05/25/2060 (A)(B) | 419 | 423 | ||||||
| 4 | New Covenant Funds / Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Continued)
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
Seasoned Credit Risk Transfer Trust, Ser 2018-4, Cl MA | ||||||||
3.500%, 03/25/2058 | $ | 847 | $ | 910 | ||||
Seasoned Credit Risk Transfer Trust, Ser 2019-1, Cl MA | ||||||||
3.500%, 07/25/2058 | 722 | 776 | ||||||
Seasoned Credit Risk Transfer Trust, Ser 2019-2, Cl MA | ||||||||
3.500%, 08/25/2058 | 635 | 683 | ||||||
Seasoned Credit Risk Transfer Trust, Ser 2019-4, Cl MA | ||||||||
3.000%, 02/25/2059 | 1,188 | 1,258 | ||||||
Seasoned Credit Risk Transfer Trust, Ser 2020-2, Cl MA | ||||||||
2.000%, 11/25/2059 | 461 | 472 | ||||||
Sequoia Mortgage Trust, Ser 2017-1, Cl A4 | ||||||||
3.500%, 02/25/2047 (A)(B) | 183 | 183 | ||||||
Sequoia Mortgage Trust, Ser 2017-5, Cl A4 | ||||||||
3.500%, 08/25/2047 (A)(B) | 81 | 81 | ||||||
Sequoia Mortgage Trust, Ser 2017-6, Cl A4 | ||||||||
3.500%, 09/25/2047 (A)(B) | 17 | 17 | ||||||
Sequoia Mortgage Trust, Ser 2020-4, Cl A2 | ||||||||
2.500%, 11/25/2050 (A)(B) | 482 | 487 | ||||||
Sequoia Mortgage Trust, Ser 2021-1, Cl A1 | ||||||||
2.500%, 03/25/2051 (A)(B) | 928 | 939 | ||||||
Shops at Crystals Trust, Ser 2016-CSTL, Cl A | ||||||||
3.126%, 07/05/2036 (B) | 100 | 101 | ||||||
UBS-BAMLL Trust, Ser 2012-WRM, Cl A | ||||||||
3.663%, 06/10/2030 (B) | 116 | 117 | ||||||
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C2, Cl A4 | ||||||||
3.525%, 05/10/2063 | 631 | 647 | ||||||
UBS-Barclays Commercial Mortgage Trust, Ser 2012-CN, Cl XA, IO | ||||||||
1.282%, 05/10/2063 (A)(B) | 319 | 4 | ||||||
Wells Fargo Commercial Mortgage Trust, Ser 2015-NXS3, Cl NXS3 | ||||||||
3.371%, 09/15/2057 | 146 | 155 | ||||||
WFRBS Commercial Mortgage Trust, Ser 2011-C4, Cl A4 | ||||||||
4.902%, 06/15/2044 (A)(B) | 485 | 487 | ||||||
WFRBS Commercial Mortgage Trust, Ser 2012-C7, Cl XA, IO | ||||||||
1.302%, 06/15/2045 (A)(B) | 1,030 | 9 | ||||||
WFRBS Commercial Mortgage Trust, Ser 2013-C11, Cl AS | ||||||||
3.311%, 03/15/2045 | 160 | 166 | ||||||
WFRBS Commercial Mortgage Trust, Ser 2013-C13, Cl XA, IO | ||||||||
1.184%, 05/15/2045 (A)(B) | 1,035 | 20 | ||||||
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
MORTGAGE-BACKED SECURITIES (continued) |
| |||||||
WFRBS Commercial Mortgage Trust, Ser 2014-C23, Cl XA, IO | ||||||||
0.562%, 10/15/2057 (A) | $ | 1,013 | $ | 17 | ||||
WFRBS Commercial Mortgage Trust, Ser 2014-C23, Cl B | ||||||||
4.381%, 10/15/2057 (A) | 270 | 295 | ||||||
|
|
| ||||||
| 34,096 | ||||||||
|
|
| ||||||
Total Mortgage-Backed Securities (Cost $166,417) ($ Thousands) |
| 168,185 | ||||||
|
|
| ||||||
CORPORATE OBLIGATIONS — 23.2% |
| |||||||
Communication Services — 2.9% |
| |||||||
Alphabet | ||||||||
2.050%, 08/15/2050 | 70 | 57 | ||||||
1.100%, 08/15/2030 | 40 | 37 | ||||||
0.800%, 08/15/2027 | 30 | 29 | ||||||
0.450%, 08/15/2025 | 20 | 20 | ||||||
AT&T | ||||||||
4.250%, 03/01/2027 | 150 | 168 | ||||||
3.947%, 11/27/2022 (B)(C) | 2,000 | 1,983 | ||||||
3.000%, 06/30/2022 | 10 | 10 | ||||||
2.550%, 12/01/2033 (B) | 472 | 447 | ||||||
2.300%, 06/01/2027 | 120 | 123 | ||||||
Charter Communications Operating | ||||||||
5.050%, 03/30/2029 | 20 | 23 | ||||||
4.908%, 07/23/2025 | 390 | 442 | ||||||
4.800%, 03/01/2050 | 40 | 43 | ||||||
3.750%, 02/15/2028 | 120 | 130 | ||||||
Comcast | ||||||||
4.700%, 10/15/2048 | 20 | 25 | ||||||
4.150%, 10/15/2028 | 80 | 91 | ||||||
3.950%, 10/15/2025 | 210 | 234 | ||||||
3.750%, 04/01/2040 | 20 | 22 | ||||||
3.450%, 02/01/2050 | 70 | 72 | ||||||
3.400%, 04/01/2030 | 40 | 43 | ||||||
3.300%, 04/01/2027 | 30 | 33 | ||||||
3.250%, 11/01/2039 | 30 | 31 | ||||||
3.150%, 03/01/2026 | 30 | 33 | ||||||
3.100%, 04/01/2025 | 10 | 11 | ||||||
Comcast Cable Communications Holdings | ||||||||
9.455%, 11/15/2022 | 1,116 | 1,280 | ||||||
Cox Communications | ||||||||
3.250%, 12/15/2022 (B) | 859 | 898 | ||||||
Fox | ||||||||
4.709%, 01/25/2029 | 30 | 34 | ||||||
Sprint Spectrum | ||||||||
3.360%, 09/20/2021 (B) | 96 | 97 | ||||||
TCI Communications | ||||||||
7.875%, 02/15/2026 | 240 | 312 | ||||||
| New Covenant Funds / Quarterly Report /March 31, 2021 | 5 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Continued)
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
CORPORATE OBLIGATIONS (continued) |
| |||||||
T-Mobile USA | ||||||||
3.875%, 04/15/2030 (B) | $ | 170 | $ | 185 | ||||
3.750%, 04/15/2027 (B) | 20 | 22 | ||||||
3.500%, 04/15/2025 (B) | 369 | 398 | ||||||
2.550%, 02/15/2031 (B) | 40 | 39 | ||||||
2.050%, 02/15/2028 (B) | 20 | 20 | ||||||
Verizon Communications | ||||||||
4.862%, 08/21/2046 | 40 | 48 | ||||||
4.329%, 09/21/2028 | 435 | 498 | ||||||
4.125%, 08/15/2046 | 40 | 44 | ||||||
4.000%, 03/22/2050 | 40 | 43 | ||||||
3.875%, 02/08/2029 | 30 | 33 | ||||||
3.850%, 11/01/2042 | 10 | 11 | ||||||
3.376%, 02/15/2025 | 282 | 306 | ||||||
3.000%, 03/22/2027 | 120 | 128 | ||||||
2.650%, 11/20/2040 | 300 | 273 | ||||||
2.625%, 08/15/2026 | 513 | 542 | ||||||
2.550%, 03/21/2031 | 1,214 | 1,211 | ||||||
2.100%, 03/22/2028 | 90 | 90 | ||||||
1.450%, 03/20/2026 | 80 | 80 | ||||||
0.850%, 11/20/2025 | 50 | 49 | ||||||
Viacom | ||||||||
3.875%, 04/01/2024 | 20 | 21 | ||||||
Walt Disney | ||||||||
3.350%, 03/24/2025 | 469 | 508 | ||||||
3.000%, 09/15/2022 | 30 | 31 | ||||||
|
|
| ||||||
| 11,308 | ||||||||
|
|
| ||||||
Consumer Discretionary — 1.4% |
| |||||||
Amazon.com | ||||||||
4.250%, 08/22/2057 | 10 | 12 | ||||||
3.150%, 08/22/2027 | 470 | 514 | ||||||
1.200%, 06/03/2027 | 20 | 20 | ||||||
Cargill | ||||||||
1.375%, 07/23/2023 (B) | 70 | 71 | ||||||
Dollar General | ||||||||
3.250%, 04/15/2023 | 10 | 11 | ||||||
Ferguson Finance | ||||||||
4.500%, 10/24/2028 (B) | 459 | 526 | ||||||
3.250%, 06/02/2030 (B) | 851 | 895 | ||||||
General Motors | ||||||||
5.400%, 10/02/2023 | 576 | 625 | ||||||
General Motors Financial | ||||||||
4.150%, 06/19/2023 | 600 | 644 | ||||||
3.700%, 05/09/2023 | 190 | 200 | ||||||
Home Depot | ||||||||
3.900%, 12/06/2028 | 10 | 11 | ||||||
3.900%, 06/15/2047 | 10 | 11 | ||||||
3.350%, 04/15/2050 | 50 | 52 | ||||||
3.300%, 04/15/2040 | 40 | 42 | ||||||
2.500%, 04/15/2027 | 450 | 474 | ||||||
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
CORPORATE OBLIGATIONS (continued) |
| |||||||
Lowe’s | ||||||||
4.500%, 04/15/2030 | $ | 30 | $ | 35 | ||||
McDonald’s MTN | ||||||||
4.200%, 04/01/2050 | 70 | 79 | ||||||
3.700%, 01/30/2026 | 10 | 11 | ||||||
3.625%, 09/01/2049 | 10 | 10 | ||||||
3.500%, 03/01/2027 | 20 | 22 | ||||||
3.500%, 07/01/2027 | 10 | 11 | ||||||
3.350%, 04/01/2023 | 280 | 295 | ||||||
3.300%, 07/01/2025 | 50 | 54 | ||||||
1.450%, 09/01/2025 | 10 | 10 | ||||||
Newell Brands | ||||||||
4.350%, 04/01/2023 | 53 | 56 | ||||||
NIKE | ||||||||
3.375%, 03/27/2050 | 30 | 31 | ||||||
2.750%, 03/27/2027 | 40 | 43 | ||||||
2.400%, 03/27/2025 | 355 | 374 | ||||||
Target | ||||||||
2.250%, 04/15/2025 | 80 | 84 | ||||||
TJX | ||||||||
3.500%, 04/15/2025 | 50 | 55 | ||||||
|
|
| ||||||
| 5,278 | ||||||||
|
|
| ||||||
Consumer Staples — 0.6% |
| |||||||
Coca-Cola | ||||||||
3.375%, 03/25/2027 | 30 | 33 | ||||||
2.950%, 03/25/2025 | 40 | 43 | ||||||
2.600%, 06/01/2050 | 10 | 9 | ||||||
1.450%, 06/01/2027 | 80 | 80 | ||||||
Costco Wholesale | ||||||||
1.600%, 04/20/2030 | 90 | 86 | ||||||
1.375%, 06/20/2027 | 120 | 120 | ||||||
Hershey | ||||||||
0.900%, 06/01/2025 | 20 | 20 | ||||||
Kimberly-Clark | ||||||||
3.100%, 03/26/2030 | 20 | 21 | ||||||
Kroger | ||||||||
7.700%, 06/01/2029 | 565 | 768 | ||||||
Mars | ||||||||
3.200%, 04/01/2030 (B) | 30 | 32 | ||||||
2.700%, 04/01/2025 (B) | 60 | 63 | ||||||
Mondelez International | ||||||||
1.500%, 05/04/2025 | 80 | 81 | ||||||
PepsiCo | ||||||||
3.875%, 03/19/2060 | 20 | 22 | ||||||
3.625%, 03/19/2050 | 30 | 33 | ||||||
3.000%, 08/25/2021 | 290 | 293 | ||||||
2.750%, 03/05/2022 | 80 | 82 | ||||||
2.625%, 03/19/2027 | 10 | 11 | ||||||
2.250%, 03/19/2025 | 331 | 348 | ||||||
1.625%, 05/01/2030 | 70 | 67 | ||||||
0.750%, 05/01/2023 | 80 | 81 | ||||||
| 6 | New Covenant Funds / Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Continued)
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
CORPORATE OBLIGATIONS (continued) |
| |||||||
Procter & Gamble | ||||||||
3.000%, 03/25/2030 | $ | 40 | $ | 43 | ||||
2.800%, 03/25/2027 | 10 | 11 | ||||||
Walmart | ||||||||
3.550%, 06/26/2025 | 20 | 22 | ||||||
3.400%, 06/26/2023 | 30 | 32 | ||||||
3.050%, 07/08/2026 | 100 | 109 | ||||||
|
|
| ||||||
| 2,510 | ||||||||
|
|
| ||||||
Energy — 2.7% | ||||||||
Apache | ||||||||
3.250%, 04/15/2022 | 616 | 621 | ||||||
Berkshire Hathaway Energy | ||||||||
3.700%, 07/15/2030 | 140 | 155 | ||||||
BP Capital Markets America | ||||||||
3.790%, 02/06/2024 | 80 | 87 | ||||||
3.633%, 04/06/2030 | 50 | 55 | ||||||
3.410%, 02/11/2026 | 90 | 98 | ||||||
3.216%, 11/28/2023 | 90 | 96 | ||||||
3.119%, 05/04/2026 | 170 | 183 | ||||||
Cameron LNG | ||||||||
2.902%, 07/15/2031 (B) | 60 | 61 | ||||||
Chevron | ||||||||
2.100%, 05/16/2021 | 130 | 130 | ||||||
1.995%, 05/11/2027 | 40 | 41 | ||||||
1.554%, 05/11/2025 | 70 | 71 | ||||||
Chevron USA | ||||||||
3.850%, 01/15/2028 | 30 | 33 | ||||||
3.250%, 10/15/2029 | 80 | 86 | ||||||
Cimarex Energy | ||||||||
4.375%, 06/01/2024 | 160 | 174 | ||||||
4.375%, 03/15/2029 | 50 | 55 | ||||||
3.900%, 05/15/2027 | 160 | 174 | ||||||
ConocoPhillips | ||||||||
4.300%, 08/15/2028 (B) | 30 | 34 | ||||||
3.750%, 10/01/2027 (B) | 160 | 177 | ||||||
Continental Resources | ||||||||
5.000%, 09/15/2022 | 32 | 32 | ||||||
3.800%, 06/01/2024 | 190 | 195 | ||||||
Devon Energy | ||||||||
5.850%, 12/15/2025 | 210 | 245 | ||||||
Diamondback Energy | ||||||||
3.250%, 12/01/2026 | 30 | 31 | ||||||
2.875%, 12/01/2024 | 290 | 306 | ||||||
Energy Transfer Operating | ||||||||
4.950%, 06/15/2028 | 10 | 11 | ||||||
3.750%, 05/15/2030 | 160 | 165 | ||||||
2.900%, 05/15/2025 | 40 | 42 | ||||||
Energy Transfer Partners | ||||||||
4.500%, 11/01/2023 | 60 | 65 | ||||||
Enterprise Products Operating | ||||||||
4.150%, 10/16/2028 | 140 | 158 | ||||||
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
CORPORATE OBLIGATIONS (continued) |
| |||||||
3.950%, 02/15/2027 | $ | 150 | $ | 167 | ||||
3.900%, 02/15/2024 | 457 | 495 | ||||||
3.125%, 07/31/2029 | 60 | 63 | ||||||
2.800%, 01/31/2030 | 170 | 175 | ||||||
EOG Resources | ||||||||
4.375%, 04/15/2030 | 190 | 218 | ||||||
4.150%, 01/15/2026 | 160 | 180 | ||||||
Exxon Mobil | ||||||||
4.327%, 03/19/2050 | 30 | 34 | ||||||
3.043%, 03/01/2026 | 150 | 162 | ||||||
2.992%, 03/19/2025 | 758 | 812 | ||||||
1.571%, 04/15/2023 | 20 | 20 | ||||||
Halliburton | ||||||||
3.250%, 11/15/2021 | 180 | 182 | ||||||
Kinder Morgan | ||||||||
4.300%, 06/01/2025 | 60 | 67 | ||||||
MidAmerican Energy | ||||||||
3.650%, 04/15/2029 | 140 | 155 | ||||||
MPLX | ||||||||
4.800%, 02/15/2029 | 50 | 57 | ||||||
4.125%, 03/01/2027 | 110 | 122 | ||||||
4.000%, 03/15/2028 | 40 | 44 | ||||||
Occidental Petroleum | ||||||||
5.550%, 03/15/2026 | 170 | 180 | ||||||
4.624%, 10/10/2036 (C) | 2,000 | 1,009 | ||||||
3.400%, 04/15/2026 | 80 | 77 | ||||||
3.200%, 08/15/2026 | 130 | 124 | ||||||
3.000%, 02/15/2027 | 130 | 122 | ||||||
Phillips 66 | ||||||||
3.700%, 04/06/2023 | 582 | 617 | ||||||
Phillips 66 Partners | ||||||||
2.450%, 12/15/2024 | 413 | 430 | ||||||
Pioneer Natural Resources | ||||||||
1.125%, 01/15/2026 | 50 | 49 | ||||||
0.750%, 01/15/2024 | 120 | 120 | ||||||
Schlumberger Holdings | ||||||||
3.900%, 05/17/2028 (B) | 456 | 496 | ||||||
Tennessee Gas Pipeline | ||||||||
2.900%, 03/01/2030 (B) | 160 | 159 | ||||||
Western Midstream Operating | ||||||||
5.300%, 02/01/2030 | 20 | 22 | ||||||
4.350%, 02/01/2025 | 30 | 31 | ||||||
2.325%, VAR ICE LIBOR USD 3 Month+1.850%, 01/13/2023 | 20 | 20 | ||||||
Williams | ||||||||
3.750%, 06/15/2027 | 390 | 425 | ||||||
3.500%, 11/15/2030 | 20 | 21 | ||||||
WPX Energy | ||||||||
5.250%, 10/15/2027 | 100 | 107 | ||||||
4.500%, 01/15/2030 | 32 | 34 | ||||||
|
|
| ||||||
| 10,577 | ||||||||
|
|
| ||||||
| New Covenant Funds / Quarterly Report /March 31, 2021 | 7 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Continued)
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
CORPORATE OBLIGATIONS (continued) |
| |||||||
Financials — 7.8% | ||||||||
American Express | ||||||||
2.650%, 12/02/2022 | $ | 264 | $ | 274 | ||||
American Honda Finance MTN | ||||||||
0.875%, 07/07/2023 | 846 | 852 | ||||||
American International Group | ||||||||
2.500%, 06/30/2025 | 40 | 42 | ||||||
Aviation Capital Group | ||||||||
4.125%, 08/01/2025 (B) | 160 | 170 | ||||||
1.950%, 01/30/2026 (B) | 567 | 552 | ||||||
Bank of America | ||||||||
3.419%, VAR ICE LIBOR USD 3 Month+1.040%, 12/20/2028 | 234 | 251 | ||||||
3.004%, VAR ICE LIBOR USD 3 Month+0.790%, 12/20/2023 | 258 | 268 | ||||||
2.592%, VAR United States | ||||||||
Secured Overnight Financing Rate+2.150%, 04/29/2031 | 180 | 179 | ||||||
Bank of America MTN | ||||||||
4.450%, 03/03/2026 | 678 | 762 | ||||||
4.250%, 10/22/2026 | 10 | 11 | ||||||
4.200%, 08/26/2024 | 210 | 232 | ||||||
4.125%, 01/22/2024 | 370 | 404 | ||||||
4.100%, 07/24/2023 | 280 | 302 | ||||||
4.083%, VAR ICE LIBOR USD 3 Month+3.150%, 03/20/2051 | 40 | 45 | ||||||
4.000%, 04/01/2024 | 440 | 481 | ||||||
4.000%, 01/22/2025 | 80 | 87 | ||||||
3.974%, VAR ICE LIBOR USD 3 Month+1.210%, 02/07/2030 | 80 | 88 | ||||||
3.593%, VAR ICE LIBOR USD 3 Month+1.370%, 07/21/2028 | 210 | 228 | ||||||
3.550%, VAR ICE LIBOR USD 3 Month+0.780%, 03/05/2024 | 80 | 84 | ||||||
3.500%, 04/19/2026 | 130 | 142 | ||||||
3.300%, 01/11/2023 | 60 | 63 | ||||||
Bank of New York Mellon MTN | ||||||||
3.300%, 08/23/2029 | 790 | 847 | ||||||
1.600%, 04/24/2025 | 40 | 41 | ||||||
Blackstone Holdings Finance | ||||||||
1.600%, 03/30/2031 (B) | 590 | 541 | ||||||
Capital One Financial | ||||||||
3.300%, 10/30/2024 | 480 | 517 | ||||||
Carlyle Finance Subsidiary | ||||||||
3.500%, 09/19/2029 (B) | 716 | 748 | ||||||
Charles Schwab | ||||||||
3.850%, 05/21/2025 | 110 | 122 | ||||||
Citigroup | ||||||||
8.125%, 07/15/2039 | 12 | 20 | ||||||
5.500%, 09/13/2025 | 150 | 174 | ||||||
5.300%, 05/06/2044 | 31 | 39 | ||||||
4.650%, 07/30/2045 | 28 | 33 | ||||||
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
CORPORATE OBLIGATIONS (continued) |
| |||||||
4.450%, 09/29/2027 | $ | 120 | $ | 135 | ||||
4.412%, VAR United States Secured Overnight Financing Rate+3.914%, 03/31/2031 | 100 | 114 | ||||||
4.400%, 06/10/2025 | 160 | 178 | ||||||
4.300%, 11/20/2026 | 40 | 45 | ||||||
4.125%, 07/25/2028 | 40 | 44 | ||||||
4.075%, VAR ICE LIBOR USD 3 Month+1.192%, 04/23/2029 | 240 | 267 | ||||||
4.050%, 07/30/2022 | 40 | 42 | ||||||
3.668%, VAR ICE LIBOR USD 3 Month+1.390%, 07/24/2028 | 340 | 372 | ||||||
3.500%, 05/15/2023 | 100 | 106 | ||||||
3.400%, 05/01/2026 | 354 | 385 | ||||||
3.200%, 10/21/2026 | 287 | 308 | ||||||
3.106%, VAR United States Secured Overnight Financing Rate+2.842%, 04/08/2026 | 150 | 160 | ||||||
2.572%, VAR United States Secured Overnight Financing Rate+2.107%, 06/03/2031 | 200 | 200 | ||||||
1.678%, VAR United States Secured Overnight Financing Rate+1.667%, 05/15/2024 | 903 | 921 | ||||||
Equitable Financial Life Global Funding | ||||||||
1.400%, 07/07/2025 (B) | 673 | 672 | ||||||
Goldman Sachs Group | ||||||||
5.750%, 01/24/2022 | 662 | 691 | ||||||
4.250%, 10/21/2025 | 90 | 100 | ||||||
4.223%, VAR ICE LIBOR USD 3 Month+1.301%, 05/01/2029 | 550 | 615 | ||||||
3.800%, 03/15/2030 | 530 | 583 | ||||||
3.691%, VAR ICE LIBOR USD 3 Month+1.510%, 06/05/2028 | 400 | 438 | ||||||
3.500%, 04/01/2025 | 80 | 87 | ||||||
3.500%, 11/16/2026 | 90 | 98 | ||||||
Goldman Sachs Group MTN | ||||||||
4.000%, 03/03/2024 | 420 | 458 | ||||||
Guardian Life Global Funding | ||||||||
1.100%, 06/23/2025 (B) | 30 | 30 | ||||||
JPMorgan Chase | ||||||||
4.452%, VAR ICE LIBOR USD 3 Month+1.330%, 12/05/2029 | 200 | 229 | ||||||
4.203%, VAR ICE LIBOR USD 3 Month+1.260%, 07/23/2029 | 773 | 874 | ||||||
4.023%, VAR ICE LIBOR USD 3 Month+1.000%, 12/05/2024 | 230 | 250 | ||||||
4.005%, VAR ICE LIBOR USD 3 Month+1.120%, 04/23/2029 | 100 | 111 | ||||||
3.875%, 09/10/2024 | 290 | 318 | ||||||
| 8 | New Covenant Funds / Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Continued)
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
CORPORATE OBLIGATIONS (continued) |
| |||||||
2.522%, VAR United States Secured Overnight Financing Rate+2.040%, 04/22/2031 | $ | 190 | $ | 189 | ||||
2.083%, VAR United States Secured Overnight Financing Rate+1.850%, 04/22/2026 | 130 | 133 | ||||||
1.514%, VAR United States Secured Overnight Financing Rate+1.455%, 06/01/2024 | 210 | 214 | ||||||
KKR Group Finance VI | ||||||||
3.750%, 07/01/2029 (B) | 1,149 | 1,269 | ||||||
Liberty Mutual Group | ||||||||
4.569%, 02/01/2029 (B) | 321 | 372 | ||||||
4.250%, 06/15/2023 (B) | 91 | 98 | ||||||
Lincoln National | ||||||||
3.400%, 01/15/2031 | 451 | 480 | ||||||
MassMutual Global Funding II MTN | ||||||||
0.850%, 06/09/2023 (B) | 220 | 222 | ||||||
Morgan Stanley MTN | ||||||||
3.772%, VAR ICE LIBOR USD 3 Month+1.140%, 01/24/2029 | 150 | 164 | ||||||
3.750%, 02/25/2023 | 1,110 | 1,177 | ||||||
3.622%, VAR United States Secured Overnight Financing Rate+3.120%, 04/01/2031 | 475 | 515 | ||||||
2.699%, VAR United States Secured Overnight Financing Rate+1.143%, 01/22/2031 | 100 | 102 | ||||||
2.188%, VAR United States Secured Overnight Financing Rate+1.990%, 04/28/2026 | 200 | 207 | ||||||
National Rural Utilities Cooperative Finance | ||||||||
2.850%, 01/27/2025 | 1,060 | 1,121 | ||||||
National Securities Clearing | ||||||||
1.200%, 04/23/2023 (B) | 250 | 254 | ||||||
New York Life Global Funding | ||||||||
0.950%, 06/24/2025 (B) | 60 | 59 | ||||||
Peachtree Corners Funding Trust | ||||||||
3.976%, 02/15/2025 (B) | 944 | 1,032 | ||||||
Penske Truck Leasing Lp | ||||||||
3.900%, 02/01/2024 (B) | 965 | 1,037 | ||||||
Principal Life Global Funding II | ||||||||
1.250%, 06/23/2025 (B) | 20 | 20 | ||||||
State Street | ||||||||
3.152%, VAR United States Secured Overnight Financing Rate+2.650%, 03/30/2031 | 50 | 53 | ||||||
Truist Financial MTN | ||||||||
1.267%, VAR United States Secured Overnight Financing Rate+0.609%, 03/02/2027 | 686 | 679 | ||||||
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
CORPORATE OBLIGATIONS (continued) |
| |||||||
US Bancorp | ||||||||
3.375%, 02/05/2024 | $ | 540 | $ | 581 | ||||
1.450%, 05/12/2025 | 160 | 162 | ||||||
USAA Capital | ||||||||
2.125%, 05/01/2030 (B) | 150 | 147 | ||||||
USAA Capital MTN | ||||||||
2.625%, 06/01/2021 (B) | 350 | 351 | ||||||
Wells Fargo | ||||||||
3.000%, 10/23/2026 | 190 | 203 | ||||||
2.188%, VAR United States Secured Overnight Financing Rate+2.000%, 04/30/2026 | 130 | 134 | ||||||
Wells Fargo MTN | ||||||||
5.013%, VAR United States Secured Overnight Financing Rate+4.502%, 04/04/2051 | 380 | 486 | ||||||
4.900%, 11/17/2045 | 30 | 36 | ||||||
4.600%, 04/01/2021 | 480 | 480 | ||||||
4.478%, VAR United States Secured Overnight Financing Rate+4.032%, 04/04/2031 | 130 | 149 | ||||||
4.300%, 07/22/2027 | 200 | 226 | ||||||
3.750%, 01/24/2024 | 540 | 584 | ||||||
3.450%, 02/13/2023 | 120 | 126 | ||||||
2.393%, VAR United States Secured Overnight Financing Rate+2.100%, 06/02/2028 | 90 | 92 | ||||||
1.654%, VAR United States Secured Overnight Financing Rate+1.600%, 06/02/2024 | 160 | 163 | ||||||
|
|
| ||||||
| 30,747 | ||||||||
|
|
| ||||||
Health Care — 2.8% | ||||||||
Abbott Laboratories | ||||||||
3.400%, 11/30/2023 | 175 | 187 | ||||||
AbbVie | ||||||||
4.250%, 11/21/2049 | 30 | 34 | ||||||
3.800%, 03/15/2025 | 40 | 44 | ||||||
3.750%, 11/14/2023 | 20 | 22 | ||||||
3.600%, 05/14/2025 | 10 | 11 | ||||||
3.450%, 03/15/2022 | 120 | 123 | ||||||
3.200%, 11/21/2029 | 40 | 43 | ||||||
2.950%, 11/21/2026 | 20 | 21 | ||||||
2.600%, 11/21/2024 | 140 | 148 | ||||||
2.300%, 11/21/2022 | 1,046 | 1,076 | ||||||
Adventist Health System | ||||||||
2.433%, 09/01/2024 | 431 | 444 | ||||||
Aetna | ||||||||
2.800%, 06/15/2023 | 20 | 21 | ||||||
Anthem | ||||||||
3.125%, 05/15/2022 | 340 | 350 | ||||||
| New Covenant Funds / Quarterly Report /March 31, 2021 | 9 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Continued)
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
CORPORATE OBLIGATIONS (continued) |
| |||||||
Baylor Scott & White Holdings | ||||||||
1.947%, 11/15/2021 | $ | 1,226 | $ | 1,232 | ||||
Becton Dickinson | ||||||||
4.685%, 12/15/2044 | 40 | 48 | ||||||
3.734%, 12/15/2024 | 24 | 26 | ||||||
3.363%, 06/06/2024 | 210 | 225 | ||||||
Bristol-Myers Squibb | ||||||||
3.875%, 08/15/2025 | 71 | 79 | ||||||
3.550%, 08/15/2022 | 60 | 63 | ||||||
3.400%, 07/26/2029 | 50 | 55 | ||||||
3.200%, 06/15/2026 | 120 | 130 | ||||||
2.900%, 07/26/2024 | 154 | 165 | ||||||
2.600%, 05/16/2022 | 80 | 82 | ||||||
2.250%, 08/15/2021 | 70 | 70 | ||||||
Cigna | ||||||||
4.375%, 10/15/2028 | 200 | 228 | ||||||
4.125%, 11/15/2025 | 50 | 56 | ||||||
3.750%, 07/15/2023 | 16 | 17 | ||||||
3.500%, 06/15/2024 | 160 | 172 | ||||||
1.250%, 03/15/2026 | 725 | 715 | ||||||
CommonSpirit Health | ||||||||
4.200%, 08/01/2023 | 473 | 510 | ||||||
CVS Health | ||||||||
5.050%, 03/25/2048 | 60 | 73 | ||||||
4.300%, 03/25/2028 | 220 | 250 | ||||||
3.875%, 07/20/2025 | 95 | 105 | ||||||
3.625%, 04/01/2027 | 180 | 197 | ||||||
CVS Pass-Through Trust | ||||||||
7.507%, 01/10/2032 (B) | 1,075 | 1,345 | ||||||
Eli Lilly | ||||||||
2.350%, 05/15/2022 | 170 | 174 | ||||||
Gilead Sciences | ||||||||
2.500%, 09/01/2023 | 50 | 52 | ||||||
Humana | ||||||||
4.500%, 04/01/2025 | 10 | 11 | ||||||
3.150%, 12/01/2022 | 240 | 249 | ||||||
2.900%, 12/15/2022 | 290 | 300 | ||||||
Johnson & Johnson | ||||||||
0.950%, 09/01/2027 | 100 | 97 | ||||||
0.550%, 09/01/2025 | 50 | 50 | ||||||
Merck | ||||||||
1.450%, 06/24/2030 | 50 | 47 | ||||||
0.750%, 02/24/2026 | 80 | 79 | ||||||
Pfizer | ||||||||
2.625%, 04/01/2030 | 100 | 104 | ||||||
1.700%, 05/28/2030 | 50 | 48 | ||||||
0.800%, 05/28/2025 | 110 | 109 | ||||||
SSM Health Care | ||||||||
3.688%, 06/01/2023 | 644 | 682 | ||||||
Thermo Fisher Scientific | ||||||||
4.133%, 03/25/2025 | 463 | 514 | ||||||
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
CORPORATE OBLIGATIONS (continued) |
| |||||||
UnitedHealth Group | ||||||||
4.450%, 12/15/2048 | $ | 10 | $ | 12 | ||||
4.250%, 06/15/2048 | 10 | 12 | ||||||
3.875%, 12/15/2028 | 30 | 34 | ||||||
3.750%, 07/15/2025 | 30 | 33 | ||||||
3.500%, 06/15/2023 | 20 | 21 | ||||||
2.875%, 12/15/2021 | 50 | 51 | ||||||
2.375%, 10/15/2022 | 10 | 10 | ||||||
2.000%, 05/15/2030 | 30 | 29 | ||||||
1.250%, 01/15/2026 | 20 | 20 | ||||||
|
|
| ||||||
| 11,105 | ||||||||
|
|
| ||||||
Industrials — 1.5% | ||||||||
3M | ||||||||
3.700%, 04/15/2050 | 150 | 162 | ||||||
2.375%, 08/26/2029 | 30 | 31 | ||||||
Burlington Northern Santa Fe | ||||||||
4.550%, 09/01/2044 | 10 | 12 | ||||||
Carrier Global | ||||||||
2.700%, 02/15/2031 | 10 | 10 | ||||||
Continental Airlines Pass-Through Trust, Ser 2012-2, Cl A | ||||||||
4.000%, 10/29/2024 | 590 | 610 | ||||||
Deere | ||||||||
3.750%, 04/15/2050 | 30 | 34 | ||||||
3.100%, 04/15/2030 | 10 | 11 | ||||||
Delta Air Lines Pass-Through Trust, Ser 2015-1, Cl AA | ||||||||
3.625%, 07/30/2027 | 501 | 534 | ||||||
Delta Air Lines Pass-Through Trust, Ser 2019-1, Cl AA | ||||||||
3.204%, 04/25/2024 | 621 | 643 | ||||||
Eaton | ||||||||
2.750%, 11/02/2022 | 450 | 467 | ||||||
FedEx | ||||||||
3.800%, 05/15/2025 | 722 | 793 | ||||||
General Electric | ||||||||
4.350%, 05/01/2050 | 40 | 44 | ||||||
4.250%, 05/01/2040 | 30 | 33 | ||||||
3.625%, 05/01/2030 | 30 | 32 | ||||||
3.450%, 05/01/2027 | 100 | 109 | ||||||
General Electric MTN | ||||||||
6.875%, 01/10/2039 | 30 | 42 | ||||||
Honeywell International | ||||||||
1.350%, 06/01/2025 | 50 | 51 | ||||||
International Lease Finance | ||||||||
5.875%, 08/15/2022 | 400 | 428 | ||||||
Republic Services | ||||||||
3.200%, 03/15/2025 | 180 | 192 | ||||||
Ryder System MTN | ||||||||
3.350%, 09/01/2025 | 836 | 902 | ||||||
| 10 | New Covenant Funds / Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Continued)
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
CORPORATE OBLIGATIONS (continued) |
| |||||||
Union Pacific | ||||||||
3.950%, 09/10/2028 | $ | 20 | $ | 22 | ||||
3.750%, 07/15/2025 | 20 | 22 | ||||||
United Airlines Pass-Through Trust, Ser 2014-1, Cl A | ||||||||
4.000%, 04/11/2026 | 656 | 679 | ||||||
Waste Management | ||||||||
3.500%, 05/15/2024 | 120 | 130 | ||||||
|
|
| ||||||
| 5,993 | ||||||||
|
|
| ||||||
Information Technology — 1.5% |
| |||||||
Adobe | ||||||||
2.300%, 02/01/2030 | 210 | 212 | ||||||
Apple | ||||||||
3.350%, 02/09/2027 | 210 | 231 | ||||||
2.900%, 09/12/2027 | 110 | 119 | ||||||
2.450%, 08/04/2026 | 70 | 74 | ||||||
1.125%, 05/11/2025 | 130 | 131 | ||||||
Broadcom | ||||||||
4.700%, 04/15/2025 | 180 | 203 | ||||||
4.110%, 09/15/2028 | 515 | 562 | ||||||
3.150%, 11/15/2025 | 140 | 149 | ||||||
Intel | ||||||||
4.750%, 03/25/2050 | 10 | 13 | ||||||
4.600%, 03/25/2040 | 10 | 12 | ||||||
3.700%, 07/29/2025 | 30 | 33 | ||||||
Juniper Networks | ||||||||
1.200%, 12/10/2025 | 570 | 560 | ||||||
Mastercard | ||||||||
3.850%, 03/26/2050 | 10 | 11 | ||||||
3.375%, 04/01/2024 | 190 | 206 | ||||||
Micron Technology | ||||||||
2.497%, 04/24/2023 | 70 | 73 | ||||||
Microsoft | ||||||||
3.300%, 02/06/2027 | 90 | 99 | ||||||
2.400%, 02/06/2022 | 150 | 153 | ||||||
1.550%, 08/08/2021 | 110 | 110 | ||||||
NVIDIA | ||||||||
3.700%, 04/01/2060 | 90 | 96 | ||||||
3.500%, 04/01/2040 | 130 | 140 | ||||||
3.500%, 04/01/2050 | 290 | 306 | ||||||
2.850%, 04/01/2030 | 90 | 94 | ||||||
Oracle | ||||||||
2.875%, 03/25/2031 | 30 | 31 | ||||||
2.500%, 10/15/2022 | 130 | 134 | ||||||
2.500%, 04/01/2025 | 738 | 774 | ||||||
1.650%, 03/25/2026 | 50 | 50 | ||||||
PayPal Holdings | ||||||||
1.650%, 06/01/2025 | 60 | 61 | ||||||
1.350%, 06/01/2023 | 571 | 581 | ||||||
salesforce.com | ||||||||
3.700%, 04/11/2028 | 150 | 167 | ||||||
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
CORPORATE OBLIGATIONS (continued) |
| |||||||
3.250%, 04/11/2023 | $ | 70 | $ | 74 | ||||
Texas Instruments | ||||||||
1.750%, 05/04/2030 | 40 | 38 | ||||||
Visa | ||||||||
4.300%, 12/14/2045 | 10 | 12 | ||||||
3.150%, 12/14/2025 | 110 | 120 | ||||||
1.900%, 04/15/2027 | 60 | 61 | ||||||
|
|
| ||||||
| 5,690 | ||||||||
|
|
| ||||||
Real Estate — 0.8% | ||||||||
Alexandria Real Estate Equities | ||||||||
3.450%, 04/30/2025 | 802 | 869 | ||||||
Digital Realty Trust | ||||||||
3.600%, 07/01/2029 | 815 | 875 | ||||||
Healthcare Trust of America Holdings | ||||||||
3.100%, 02/15/2030 | 769 | 793 | ||||||
Spirit Realty | ||||||||
2.100%, 03/15/2028 | 583 | 567 | ||||||
|
|
| ||||||
| 3,104 | ||||||||
|
|
| ||||||
Utilities — 1.2% | ||||||||
Aquarion | ||||||||
4.000%, 08/15/2024 (B) | 227 | 247 | ||||||
Commonwealth Edison | ||||||||
3.700%, 08/15/2028 | 468 | 521 | ||||||
Duke Energy | ||||||||
3.550%, 09/15/2021 | 170 | 171 | ||||||
2.400%, 08/15/2022 | 150 | 154 | ||||||
Duke Energy Florida | ||||||||
3.200%, 01/15/2027 | 440 | 476 | ||||||
FirstEnergy | ||||||||
4.750%, 03/15/2023 | 380 | 400 | ||||||
3.350%, 07/15/2022 | 330 | 335 | ||||||
1.600%, 01/15/2026 | 30 | 29 | ||||||
Northern States Power | ||||||||
7.125%, 07/01/2025 | 1,190 | 1,474 | ||||||
Pacific Gas and Electric | ||||||||
2.100%, 08/01/2027 | 130 | 127 | ||||||
1.750%, 06/16/2022 | 100 | 100 | ||||||
Public Service Enterprise Group | ||||||||
2.875%, 06/15/2024 | 713 | 757 | ||||||
|
|
| ||||||
| 4,791 | ||||||||
|
|
| ||||||
Total Corporate Obligations |
| 91,103 | ||||||
|
|
| ||||||
U.S. TREASURY OBLIGATIONS — 17.3% |
| |||||||
U.S. Treasury Bills | ||||||||
0.110%, 04/29/2021 (C) | 2,660 | 2,660 | ||||||
0.090%, 05/04/2021 (C) | 2,390 | 2,390 | ||||||
| New Covenant Funds / Quarterly Report /March 31, 2021 | 11 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Continued)
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
U.S. TREASURY OBLIGATIONS (continued) |
| |||||||
0.076%, 05/18/2021 (C) | $ | 3,630 | $ | 3,630 | ||||
U.S. Treasury Bonds | ||||||||
2.000%, 02/15/2050 | 850 | 775 | ||||||
1.875%, 02/15/2041 | 634 | 589 | ||||||
1.875%, 02/15/2051 | 1,230 | 1,087 | ||||||
1.625%, 11/15/2050 | 1,400 | 1,162 | ||||||
1.375%, 11/15/2040 | 2,970 | 2,519 | ||||||
1.375%, 08/15/2050 | 3,760 | 2,922 | ||||||
1.250%, 05/15/2050 | 3,970 | 2,986 | ||||||
1.125%, 08/15/2040 | 1,060 | 859 | ||||||
U.S. Treasury Inflation-Protected Securities | ||||||||
2.125%, 02/15/2040 | 303 | 432 | ||||||
2.125%, 02/15/2041 | 143 | 207 | ||||||
1.750%, 01/15/2028 | 87 | 105 | ||||||
1.375%, 02/15/2044 | 415 | 540 | ||||||
0.750%, 02/15/2042 | 475 | 546 | ||||||
0.125%, 10/15/2024 | 1,773 | 1,917 | ||||||
0.125%, 04/15/2025 | 182 | 197 | ||||||
0.125%, 01/15/2030 | 780 | 843 | ||||||
U.S. Treasury Notes | ||||||||
1.125%, 02/29/2028 | 1,300 | 1,276 | ||||||
1.125%, 02/15/2031 | 4,206 | 3,971 | ||||||
0.875%, 11/15/2030 | 380 | 351 | ||||||
0.750%, 01/31/2028 | 2,800 | 2,682 | ||||||
0.625%, 11/30/2027 | 1,410 | 1,343 | ||||||
0.625%, 12/31/2027 | 2,620 | 2,493 | ||||||
0.625%, 08/15/2030 | 5,013 | 4,539 | ||||||
0.500%, 10/31/2027 | 1,320 | 1,249 | ||||||
0.375%, 04/30/2025 | 20 | 20 | ||||||
0.375%, 11/30/2025 | 290 | 283 | ||||||
0.375%, 01/31/2026 | 10,604 | 10,336 | ||||||
0.250%, 05/31/2025 | 8,800 | 8,631 | ||||||
0.250%, 06/30/2025 | 260 | 255 | ||||||
0.250%, 07/31/2025 | 1,593 | 1,558 | ||||||
0.250%, 08/31/2025 | 730 | 713 | ||||||
0.250%, 09/30/2025 | 10 | 10 | ||||||
0.125%, 08/31/2022 | 1,810 | 1,810 | ||||||
|
|
| ||||||
Total U.S. Treasury Obligations |
| 67,886 | ||||||
|
|
| ||||||
ASSET-BACKED SECURITIES — 8.1% |
| |||||||
Automotive — 1.7% | ||||||||
Avis Budget Rental Car Funding AESOP, Ser 2017-2A, Cl A | ||||||||
2.970%, 03/20/2024 (B) | 310 | 323 | ||||||
Avis Budget Rental Car Funding AESOP, Ser 2019-2A, Cl A | ||||||||
3.350%, 09/22/2025 (B) | 320 | 343 | ||||||
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
Avis Budget Rental Car Funding AESOP, Ser 2020-2A, Cl A | ||||||||
2.020%, 02/20/2027 (B) | $ | 440 | $ | 449 | ||||
Capital One Prime Auto Receivables Trust, Ser 2019-2, Cl A4 | ||||||||
1.960%, 02/18/2025 | 1,662 | 1,708 | ||||||
Ford Credit Auto Owner Trust, Ser 2020- REV2, Cl A | ||||||||
1.060%, 04/15/2033 (B) | 1,144 | 1,133 | ||||||
NextGear Floorplan Master Owner Trust, Ser 2019-1A, Cl A2 | ||||||||
3.210%, 02/15/2024 (B) | 1,182 | 1,211 | ||||||
NextGear Floorplan Master Owner Trust, Ser 2019-2A, Cl A2 | ||||||||
2.070%, 10/15/2024 (B) | 556 | 570 | ||||||
World Omni Auto Receivables Trust, Ser 2019-B, Cl A3 | ||||||||
2.590%, 07/15/2024 | 1,129 | 1,145 | ||||||
|
|
| ||||||
| 6,882 | ||||||||
|
|
| ||||||
Home — 0.2% |
| |||||||
Citifinancial Mortgage Securities, Ser 2004- 1, Cl AF4 | ||||||||
5.070%, 04/25/2034 | 171 | 178 | ||||||
Lake Country Mortgage Loan Trust, Ser 2006-HE1, Cl M5 | ||||||||
3.109%, VAR ICE LIBOR USD 1 Month+3.000%, 07/25/2034 (B) | 390 | 397 | ||||||
Master Asset-Backed Securities Trust, Ser 2007-NCW, Cl A1 | ||||||||
0.409%, VAR ICE LIBOR USD 1 Month+0.300%, 05/25/2037 (B) | 192 | 176 | ||||||
New Century Home Equity Loan Trust, Ser 2003-A, Cl A | ||||||||
0.829%, VAR ICE LIBOR USD 1 Month+0.720%, 10/25/2033 (B) | 73 | 71 | ||||||
|
|
| ||||||
| 822 | ||||||||
|
|
| ||||||
Other Asset-Backed Securities — 6.2% |
| |||||||
AEP Texas Restoration Funding, Ser 2019-1, Cl A2 | ||||||||
2.294%, 08/01/2031 | 1,646 | 1,705 | ||||||
Ameriquest Mortgage Securities Asset- Backed Pass-Through Certificates, Ser 2005-R7, Cl M2 | ||||||||
0.859%, VAR ICE LIBOR USD 1 Month+0.750%, 09/25/2035 | 163 | 163 | ||||||
AMSR Trust, Ser 2020-SFR4, Cl A | ||||||||
1.355%, 11/17/2037 (B) | 463 | 460 | ||||||
Applebee’s Funding, Ser 2019-1A, Cl A2I | ||||||||
4.194%, 06/07/2049 (B) | 299 | 307 | ||||||
| 12 | New Covenant Funds / Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Continued)
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
CF Hippolyta, Ser 2020-1, Cl A1 | ||||||||
1.690%, 07/15/2060 (B) | $ | 523 | $ | 527 | ||||
Citigroup Mortgage Loan Trust, Ser 2007- WFH3, Cl A3 | ||||||||
0.359%, VAR ICE LIBOR USD 1 Month+0.250%, 06/25/2037 | 101 | 100 | ||||||
Countrywide Home Equity Loan Trust, Ser 2006-F, Cl 2A1A | ||||||||
0.246%, VAR ICE LIBOR USD 1 Month+0.140%, 07/15/2036 | 246 | 228 | ||||||
DB Master Finance, Ser 2017-1A, Cl A2I | ||||||||
3.629%, 11/20/2047 (B) | 426 | 434 | ||||||
Domino’s Pizza Master Issuer, Ser 2017-1A, Cl A2I | ||||||||
1.468%, VAR ICE LIBOR USD 3 Month+1.250%, 07/25/2047 (B) | 690 | 690 | ||||||
FirstKey Homes Trust, Ser 2020-SFR2, Cl A | ||||||||
1.266%, 10/19/2037 (B) | 894 | 885 | ||||||
Invitation Homes Trust, Ser 2018-SFR1, Cl A | ||||||||
0.808%, VAR ICE LIBOR USD 1 Month+0.700%, 03/17/2037 (B) | 1,301 | 1,303 | ||||||
Merrill Lynch Mortgage Investors Trust, Ser 2004-WMC5, Cl M1 | ||||||||
1.039%, VAR ICE LIBOR USD 1 Month+0.930%, 07/25/2035 | 188 | 188 | ||||||
MMAF Equipment Finance, Ser 2018-A, Cl A3 | ||||||||
3.200%, 09/12/2022 (B) | 617 | 622 | ||||||
Morgan Stanley ABS Capital I Trust, Ser 2004-NC7, Cl M1 | ||||||||
0.964%, VAR ICE LIBOR USD 1 Month+0.855%, 07/25/2034 | 423 | 414 | ||||||
Navient Student Loan Trust, Ser 2016-3A, Cl A3 | ||||||||
1.459%, VAR ICE LIBOR USD 1 Month+1.350%, 06/25/2065 (B) | 411 | 418 | ||||||
Navient Student Loan Trust, Ser 2016-6A, Cl A3 | ||||||||
1.409%, VAR ICE LIBOR USD 1 Month+1.300%, 03/25/2066 (B) | 550 | 569 | ||||||
Navient Student Loan Trust, Ser 2019-BA, Cl A2A | ||||||||
3.390%, 12/15/2059 (B) | 179 | 188 | ||||||
Oak Street Investment Grade Net Lease Fund, Ser 2021-1A, Cl A1 | ||||||||
1.480%, 01/20/2051 (B) | 989 | 984 | ||||||
Progress Residential Trust, Ser 2018-SFR3, Cl A | ||||||||
3.880%, 10/17/2035 (B) | 639 | 648 | ||||||
Progress Residential Trust, Ser 2019-SFR2, Cl A | ||||||||
3.147%, 05/17/2036 (B) | 300 | 306 | ||||||
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
Progress Residential Trust, Ser 2021-SFR2, Cl A | ||||||||
1.546%, 04/19/2038 (B) | $ | 597 | $ | 597 | ||||
RAAC Series Trust, Ser 2005-SP3, Cl M2 | ||||||||
1.309%, VAR ICE LIBOR USD 1 Month+1.200%, 12/25/2035 | 262 | 262 | ||||||
Sabey Data Center Issuer, Ser 2020-1, Cl A2 | ||||||||
3.812%, 04/20/2045 (B) | 339 | 359 | ||||||
SBA Small Business Investment, Ser 2019- 10A, Cl 1 | ||||||||
3.113%, 03/10/2029 | 165 | 176 | ||||||
SBA Small Business Investment, Ser 2021- 10A, Cl 1 | ||||||||
1.667%, 03/10/2031 | 580 | 575 | ||||||
SLC Student Loan Trust, Ser 2010-1, Cl A | ||||||||
1.063%, VAR ICE LIBOR USD 3 Month+0.875%, 11/25/2042 | 217 | 218 | ||||||
SLM Private Credit Student Loan Trust, Ser 2006-A, Cl A5 | ||||||||
0.474%, VAR ICE LIBOR USD 3 Month+0.290%, 06/15/2039 | 229 | 223 | ||||||
SLM Student Loan Trust, Ser 2003-7A, Cl A5A | ||||||||
1.384%, VAR ICE LIBOR USD 3 Month+1.200%, 12/15/2033 (B) | 123 | 123 | ||||||
SMB Private Education Loan Trust, Ser 2021-A, Cl A2B | ||||||||
1.590%, 01/15/2053 (B) | 380 | 373 | ||||||
Stack Infrastructure Issuer, Ser 2019-1A, Cl A2 | ||||||||
4.540%, 02/25/2044 (B) | 463 | 494 | ||||||
Store Master Funding I-VII, Ser 2018-1A, Cl A1 | ||||||||
3.960%, 10/20/2048 (B) | 373 | 389 | ||||||
Store Master Funding I-VII, Ser 2019-1, Cl A1 | ||||||||
2.820%, 11/20/2049 (B) | 322 | 327 | ||||||
Towd Point Mortgage Trust, Ser 2015-5, Cl A1B | ||||||||
2.750%, 05/25/2055 (A)(B) | 45 | 45 | ||||||
Tricon American Homes Trust, Ser 2019- SFR1, Cl A | ||||||||
2.750%, 03/17/2038 (B) | 272 | 280 | ||||||
Tricon American Homes, Ser 2020-SFR1, Cl A | ||||||||
1.499%, 07/17/2038 (B) | 531 | 522 | ||||||
United States Small Business Administration, Ser 2010-20H, Cl 1 | ||||||||
3.520%, 08/01/2030 | 199 | 213 | ||||||
United States Small Business Administration, Ser 2011-20B, Cl 1 | ||||||||
4.220%, 02/01/2031 | 188 | 203 | ||||||
| New Covenant Funds / Quarterly Report /March 31, 2021 | 13 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Continued)
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
ASSET-BACKED SECURITIES (continued) |
| |||||||
United States Small Business Administration, Ser 2011-20J, Cl 1 | ||||||||
2.760%, 10/01/2031 | $ | 143 | $ | 148 | ||||
United States Small Business Administration, Ser 2013-20K, Cl 1 | ||||||||
3.380%, 11/01/2033 | 639 | 675 | ||||||
United States Small Business Administration, Ser 2014-20F, Cl 1 | ||||||||
2.990%, 06/01/2034 | 742 | 773 | ||||||
United States Small Business Administration, Ser 2015-20C, Cl 1 | ||||||||
2.720%, 03/01/2035 | 663 | 689 | ||||||
United States Small Business Administration, Ser 2015-20E, Cl 1 | ||||||||
2.770%, 05/01/2035 | 412 | 430 | ||||||
United States Small Business Administration, Ser 2015-20K, Cl 1 | ||||||||
2.700%, 11/01/2035 | 431 | 449 | ||||||
United States Small Business Administration, Ser 2017-20J, Cl 1 | ||||||||
2.850%, 10/01/2037 | 572 | 591 | ||||||
United States Small Business Administration, Ser 2018-20E, Cl 1 | ||||||||
3.500%, 05/01/2038 | 1,142 | 1,221 | ||||||
United States Small Business Administration, Ser 2018-20J, Cl 1 | ||||||||
3.770%, 10/01/2038 | 601 | 652 | ||||||
United States Small Business Administration, Ser 2019-25G, Cl 1 | ||||||||
2.690%, 07/01/2044 | 56 | 58 | ||||||
Vantage Data Centers, Ser 2020-2A, Cl A2 | ||||||||
1.992%, 09/15/2045 (B) | 1,000 | 982 | ||||||
Verizon Owner Trust, Ser 2019-B, Cl A1A | ||||||||
2.330%, 12/20/2023 | 624 | 633 | ||||||
Wendy’s Funding, Ser 2019-1A, Cl A2I | ||||||||
3.783%, 06/15/2049 (B) | 326 | 345 | ||||||
|
|
| ||||||
| 24,164 | ||||||||
|
|
| ||||||
Total Asset-Backed Securities |
| 31,868 | ||||||
|
|
| ||||||
FOREIGN BONDS — 6.4% | ||||||||
Anglo American Capital | ||||||||
3.625%, 09/11/2024 (B) | 200 | 216 | ||||||
ArcelorMittal | ||||||||
4.550%, 03/11/2026 | 100 | 111 | ||||||
3.600%, 07/16/2024 | 180 | 190 | ||||||
Banco Santander | ||||||||
3.125%, 02/23/2023 | 200 | 209 | ||||||
2.746%, 05/28/2025 | 200 | 209 | ||||||
1.344%, 04/12/2023 | 200 | 203 | ||||||
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
FOREIGN BONDS (continued) | ||||||||
Bank of Montreal MTN | ||||||||
1.850%, 05/01/2025 | $ | 130 | $ | 133 | ||||
Bank of Nova Scotia | ||||||||
1.625%, 05/01/2023 | 584 | 598 | ||||||
1.300%, 06/11/2025 | 70 | 70 | ||||||
Barclays Bank | ||||||||
10.179%, 06/12/2021 (B) | 370 | 376 | ||||||
1.700%, 05/12/2022 | 200 | 203 | ||||||
BHP Billiton Finance USA | ||||||||
2.875%, 02/24/2022 | 10 | 10 | ||||||
BMW US Capital | ||||||||
1.850%, 09/15/2021 (B) | 20 | 20 | ||||||
BNP Paribas | ||||||||
5.198%, 01/10/2030 (B) | 200 | 236 | ||||||
4.705%, 01/10/2025 (B) | 270 | 296 | ||||||
4.400%, 08/14/2028 (B) | 200 | 228 | ||||||
BP Capital Markets PLC | ||||||||
3.535%, 11/04/2024 | 20 | 22 | ||||||
BPCE MTN | ||||||||
3.000%, 05/22/2022 (B) | 640 | 658 | ||||||
Cooperatieve Rabobank UA | ||||||||
4.375%, 08/04/2025 | 500 | 554 | ||||||
3.950%, 11/09/2022 | 670 | 705 | ||||||
3.875%, 09/26/2023 (B) | 595 | 643 | ||||||
Credit Suisse Group | ||||||||
4.194%, 04/01/2031 (B) | 250 | 272 | ||||||
1.305%, 02/02/2027 (B) | 471 | 456 | ||||||
Credit Suisse NY | ||||||||
2.950%, 04/09/2025 | 250 | 264 | ||||||
Daiwa Securities Group | ||||||||
3.129%, 04/19/2022 (B) | 50 | 51 | ||||||
Danske Bank | ||||||||
5.000%, 01/12/2022 (B) | 200 | 206 | ||||||
3.001%, 09/20/2022 (B) | 200 | 202 | ||||||
1.226%, 06/22/2024 (B) | 200 | 202 | ||||||
Ecopetrol | ||||||||
5.375%, 06/26/2026 | 140 | 157 | ||||||
Equate Petrochemical BV MTN | ||||||||
4.250%, 11/03/2026 (B) | 200 | 217 | ||||||
Glencore Funding | ||||||||
4.125%, 05/30/2023 (B) | 890 | 952 | ||||||
4.125%, 03/12/2024 (B) | 60 | 65 | ||||||
HSBC Holdings PLC | ||||||||
4.583%, 06/19/2029 | 200 | 225 | ||||||
Intesa Sanpaolo | ||||||||
5.017%, 06/26/2024 (B) | 200 | 218 | ||||||
3.375%, 01/12/2023 (B) | 200 | 208 | ||||||
3.125%, 07/14/2022 (B) | 200 | 206 | ||||||
KazMunayGas National JSC | ||||||||
5.375%, 04/24/2030 (B) | 400 | 473 | ||||||
Lloyds Banking Group | ||||||||
2.858%, 03/17/2023 | 434 | 443 | ||||||
| 14 | New Covenant Funds / Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Continued)
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
FOREIGN BONDS (continued) |
| |||||||
1.326%, 06/15/2023 | $ | 360 | $ | 363 | ||||
Macquarie Bank | ||||||||
2.300%, 01/22/2025 (B) | 1,188 | 1,230 | ||||||
Macquarie Group MTN | ||||||||
4.150%, 03/27/2024 (B) | 495 | 528 | ||||||
Mitsubishi UFJ Financial Group | ||||||||
3.407%, 03/07/2024 | 510 | 548 | ||||||
Natwest Group | ||||||||
4.519%, 06/25/2024 | 290 | 314 | ||||||
4.269%, 03/22/2025 | 200 | 218 | ||||||
Nutrien | ||||||||
1.900%, 05/13/2023 | 501 | 514 | ||||||
NXP BV | ||||||||
4.625%, 06/01/2023 (B) | 479 | 519 | ||||||
2.700%, 05/01/2025 (B) | 40 | 42 | ||||||
OCP | ||||||||
4.500%, 10/22/2025 (B) | 400 | 423 | ||||||
ORIX | ||||||||
4.050%, 01/16/2024 | 365 | 397 | ||||||
Perusahaan Listrik Negara MTN | ||||||||
5.450%, 05/21/2028 (B) | 370 | 428 | ||||||
Petrobras Global Finance BV | ||||||||
6.850%, 06/05/2115 | 150 | 155 | ||||||
Petroleos del Peru | ||||||||
4.750%, 06/19/2032 (B) | 400 | 423 | ||||||
Petroleos Mexicanos | ||||||||
4.875%, 01/18/2024 | 190 | 195 | ||||||
Royal Bank of Canada MTN | ||||||||
1.600%, 04/17/2023 | 120 | 123 | ||||||
1.150%, 06/10/2025 | 70 | 70 | ||||||
Santander UK Group Holdings PLC | ||||||||
3.571%, 01/10/2023 | 200 | 205 | ||||||
Shell International Finance BV | ||||||||
3.250%, 05/11/2025 | 150 | 162 | ||||||
3.250%, 04/06/2050 | 110 | 107 | ||||||
2.875%, 05/10/2026 | 90 | 96 | ||||||
2.750%, 04/06/2030 | 40 | 41 | ||||||
2.375%, 04/06/2025 | 548 | 576 | ||||||
1.750%, 09/12/2021 | 690 | 695 | ||||||
Sinopec Group Overseas Development | ||||||||
4.375%, 04/10/2024 (B) | 290 | 318 | ||||||
SMBC Aviation Capital Finance DAC | ||||||||
4.125%, 07/15/2023 (B) | 200 | 213 | ||||||
Southern Copper | ||||||||
3.500%, 11/08/2022 | 130 | 136 | ||||||
Standard Chartered | ||||||||
0.991%, 01/12/2025 (B) | 670 | 666 | ||||||
Svenska Handelsbanken MTN | ||||||||
3.350%, 05/24/2021 | 250 | 251 | ||||||
Swedbank | ||||||||
1.300%, 06/02/2023 (B) | 200 | 203 | ||||||
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
FOREIGN BONDS (continued) |
| |||||||
Tencent Holdings MTN | ||||||||
3.595%, 01/19/2028 (B) | $ | 250 | $ | 266 | ||||
Teva Pharmaceutical Finance BV | ||||||||
2.950%, 12/18/2022 | 30 | 30 | ||||||
Teva Pharmaceutical Finance Netherlands III BV | ||||||||
2.200%, 07/21/2021 | 227 | 227 | ||||||
Toronto-Dominion Bank MTN | ||||||||
1.150%, 06/12/2025 | 918 | 918 | ||||||
0.750%, 06/12/2023 | 130 | 131 | ||||||
Toyota Motor | ||||||||
1.339%, 03/25/2026 | 210 | 210 | ||||||
UBS | ||||||||
1.750%, 04/21/2022 (B) | 611 | 619 | ||||||
UBS Group Funding Jersey | ||||||||
4.125%, 04/15/2026 (B) | 634 | 707 | ||||||
UBS Group Funding Switzerland | ||||||||
4.253%, 03/23/2028 (B) | 250 | 282 | ||||||
3.491%, 05/23/2023 (B) | 390 | 403 | ||||||
Vale Overseas | ||||||||
6.875%, 11/21/2036 | 148 | 197 | ||||||
6.250%, 08/10/2026 | 240 | 285 | ||||||
|
|
| ||||||
Total Foreign Bonds |
| 25,141 | ||||||
|
|
| ||||||
SOVEREIGN DEBT — 2.5% |
| |||||||
Abu Dhabi Government International Bond | ||||||||
2.500%, 10/11/2022 (B) | 490 | 505 | ||||||
Colombia Government International Bond | ||||||||
5.625%, 02/26/2044 | 280 | 317 | ||||||
5.200%, 05/15/2049 | 310 | 340 | ||||||
3.125%, 04/15/2031 | 220 | 215 | ||||||
Indonesia Government International Bond MTN | ||||||||
5.125%, 01/15/2045 (B) | 200 | 237 | ||||||
3.850%, 07/18/2027 (B) | 200 | 219 | ||||||
3.750%, 04/25/2022 | 370 | 382 | ||||||
Kuwait International Government Bond | ||||||||
3.500%, 03/20/2027 (B) | 210 | 232 | ||||||
Mexico Government International Bond | ||||||||
4.000%, 10/02/2023 | 610 | 656 | ||||||
3.600%, 01/30/2025 | 380 | 413 | ||||||
Panama Government International Bond | ||||||||
6.700%, 01/26/2036 | 190 | 256 | ||||||
4.300%, 04/29/2053 | 300 | 321 | ||||||
Peruvian Government International Bond | ||||||||
6.550%, 03/14/2037 | 250 | 338 | ||||||
5.625%, 11/18/2050 | 310 | 409 | ||||||
| New Covenant Funds / Quarterly Report /March 31, 2021 | 15 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Continued)
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
SOVEREIGN DEBT (continued) | ||||||||
Poland Government International Bond | ||||||||
5.125%, 04/21/2021 | $ | 440 | $ | 440 | ||||
4.000%, 01/22/2024 | 450 | 493 | ||||||
Province of Quebec Canada | ||||||||
2.625%, 02/13/2023 | 500 | 521 | ||||||
Province of Quebec Canada, Ser A MTN | ||||||||
6.350%, 01/30/2026 | 1,010 | 1,237 | ||||||
Qatar Government International Bond | ||||||||
3.250%, 06/02/2026 | 620 | 673 | ||||||
Russian Foreign Bond - Eurobond | ||||||||
7.500%, 03/31/2030 | 114 | 131 | ||||||
5.875%, 09/16/2043 | 400 | 506 | ||||||
5.625%, 04/04/2042 | 400 | 490 | ||||||
Uruguay Government International Bond | ||||||||
4.375%, 01/23/2031 | 390 | 452 | ||||||
|
|
| ||||||
Total Sovereign Debt | 9,783 | |||||||
|
|
| ||||||
MUNICIPAL BONDS — 1.1% | ||||||||
California — 0.2% | ||||||||
San Jose, Financing Authority, RB | ||||||||
1.311%, 06/01/2026 | 540 | 532 | ||||||
|
|
| ||||||
Florida — 0.1% | ||||||||
Florida State, Board of Administration Finance, Ser A, RB | ||||||||
2.638%, 07/01/2021 | 420 | 422 | ||||||
|
|
| ||||||
Michigan — 0.2% | ||||||||
Michigan State, Finance Authority, RB Callable 03/01/2024 @ 100 | ||||||||
2.988%, 09/01/2049 (D) | 755 | 805 | ||||||
|
|
| ||||||
Missouri — 0.2% | ||||||||
University of Missouri, System Facilities, RB Callable 10/01/2025 @ 100 | ||||||||
1.714%, 11/01/2025 | 725 | 747 | ||||||
|
|
| ||||||
New Jersey — 0.0% | ||||||||
New Jersey State, Transportation Trust Fund Authority, RB | ||||||||
2.551%, 06/15/2023 | 125 | 130 | ||||||
|
|
| ||||||
New York — 0.2% | ||||||||
New York State, Urban Development, RB | ||||||||
3.350%, 03/15/2026 | 665 | 726 | ||||||
|
|
| ||||||
| Description | Face Amount (Thousands) | Market Value ($ Thousands) | ||||||
MUNICIPAL BONDS (continued) |
| |||||||
Wisconsin — 0.2% | ||||||||
Wisconsin State, Ser A, RB, AGM | ||||||||
5.700%, 05/01/2026 | $ | 795 | $ | 923 | ||||
|
|
| ||||||
Total Municipal Bonds | 4,285 | |||||||
|
|
| ||||||
U.S. GOVERNMENT AGENCY OBLIGATION — 0.3% |
| |||||||
FHLMC | ||||||||
2.375%, 01/13/2022 | 1,090 | 1,110 | ||||||
|
|
| ||||||
Total U.S. Government Agency Obligation |
| 1,110 | ||||||
|
|
| ||||||
| Shares | ||||||||
CASH EQUIVALENT — 3.8% | ||||||||
SEI Daily Income Trust, Government Fund, Cl F | ||||||||
0.010%**† | 14,897,932 | 14,898 | ||||||
|
|
| ||||||
Total Cash Equivalent |
| 14,898 | ||||||
|
|
| ||||||
Total Investments in Securities — 105.5% |
| $ | 414,259 | |||||
|
|
| ||||||
| Contracts | ||||||||
WRITTEN OPTIONS* — 0.0% | ||||||||
Total Written Options (E) | ||||||||
(Premiums Received $79) ($ Thousands) | (122 | ) | $ | (20 | ) | |||
|
|
| ||||||
| 16 | New Covenant Funds / Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Continued)
A list of open option contracts held by the Fund at March 31, 2021 are as follows:
| Description | Number of Contracts | Notional Amount (Thousands) † | Exercise Price | Expiration Date | Value (Thousands) | |||||||||||||||
WRITTEN OPTIONS — 0.0% |
| |||||||||||||||||||
Call Options | ||||||||||||||||||||
May 2021, U.S. 10 Year Future Option* | (27 | ) | $ | (18 | ) | $134.00 | 04/17/21 | $ | (1 | ) | ||||||||||
June 2021, U.S. 10 Year Future Option* | (6 | ) | (6 | ) | 132.00 | 05/22/21 | (3 | ) | ||||||||||||
June 2021, U.S. 10 Year Future Option* | (29 | ) | (13 | ) | 134.00 | 05/22/21 | (4 | ) | ||||||||||||
May 2021, U.S. 10 Year Future Option* | (12 | ) | (4 | ) | 133.00 | 04/17/21 | (1 | ) | ||||||||||||
June 2021, U.S. Bond Future Option* | (9 | ) | (8 | ) | 159.00 | 05/22/21 | (6 | ) | ||||||||||||
May 2021, U.S. Bond Future Option* | (11 | ) | (8 | ) | 159.00 | 04/17/21 | (3 | ) | ||||||||||||
May 2021, U.S. Bond Future Option* | (4 | ) | (4 | ) | 161.00 | 04/17/21 | – | |||||||||||||
May 2021, U.S. Bond Future Option* | (7 | ) | (8 | ) | 162.00 | 04/17/21 | (1 | ) | ||||||||||||
May 2021, U.S. Bond Future Option* | (12 | ) | (7 | ) | 164.00 | 04/17/21 | (1 | ) | ||||||||||||
May 2021, U.S. Bond Future Option* | (5 | ) | (3 | ) | 165.00 | 04/17/21 | – | |||||||||||||
|
|
|
|
|
| |||||||||||||||
Total Written Options | $ | (79 | ) | $ | (20 | ) | ||||||||||||||
|
|
|
|
|
| |||||||||||||||
† Represents Cost
A list of the open futures contracts held by the Fund at March 31, 2021 are as follows:
Type of Contract | Number of Contracts Long/(Short) | Expiration Date | Notional Amount (Thousands) | Value (Thousands) | Unrealized Appreciation (Depreciation) (Thousands) | |||||||||||||||
90-Day Euro$ | 248 | Dec-2023 | $ | 61,385 | $ | 61,253 | $ | (132 | ) | |||||||||||
90-Day Euro$ | (122 | ) | Dec-2021 | (30,432 | ) | (30,419 | ) | 13 | ||||||||||||
U.S. 10-Year Treasury Note | (160 | ) | Jun-2021 | (21,429 | ) | (20,950 | ) | 479 | ||||||||||||
U.S. 2-Year Treasury Note | 147 | Jul-2021 | 32,477 | 32,447 | (30 | ) | ||||||||||||||
U.S. 5-Year Treasury Note | 353 | Jul-2021 | 44,042 | 43,560 | (482 | ) | ||||||||||||||
U.S. Long Treasury Bond | (214 | ) | Jun-2021 | (34,447 | ) | (33,083 | ) | 1,364 | ||||||||||||
U.S. Ultra Long Treasury Bond | 22 | Jun-2021 | 4,245 | 3,987 | (258 | ) | ||||||||||||||
Ultra 10-Year U.S. Treasury Note | 14 | Jun-2021 | 2,080 | 2,011 | (69 | ) | ||||||||||||||
|
|
| ||||||||||||||||||
| $ | 57,921 | $ | 58,806 | $ | 885 | |||||||||||||||
|
|
| ||||||||||||||||||
The futures contracts are considered to have interest rate risk associated with them.
Percentages are based on Net Assets of $392,674 ($ Thousands).
| * | Non-income producing security. |
| ** | The rate reported is the 7-day effective yield as of March 31, 2021. |
| † | Investment in Affiliated Security. |
| (A) | Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. |
| (B) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On March 31, 2021, the value of these securities amounted to $64,012 ($ Thousands), representing 16.3% of the Net Assets of the Fund. |
| (C) | Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase. |
| (D) | Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates. |
| (E) | Refer to table below for details on Options Contracts. |
ABS — Asset-Backed Security
AGM— Assured Guaranty Municipal
Cl — Class
CMO — Collateralized Mortgage Obligation
DAC — Designated Activity Company
FHLMC — Federal Home Loan Mortgage Corporation
FNMA — Federal National Mortgage Association
FRESB — Freddie Mac Small Balance Mortgage Trust
GNMA — Government National Mortgage Association
ICE— Intercontinental Exchange
IO — Interest Only — face amount represents notional amount.
| New Covenant Funds / Quarterly Report /March 31, 2021 | 17 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Income Fund (Concluded)
JSC — Joint-Stock Company
LIBOR — London Interbank Offered Rate
MTN — Medium Term Note
PLC — Public Limited Company
RB — Revenue Bond
Ser — Series
TBA — To Be Announced
USD — U.S. Dollar
VAR — Variable Rate
The following is a list of the level of inputs used as of March 31, 2021, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands).
| Investments in Securities |
Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | ||||||||||||
Mortgage-Backed Securities | – | 168,185 | – | 168,185 | ||||||||||||
Corporate Obligations | – | 91,103 | – | 91,103 | ||||||||||||
U.S. Treasury Obligations | – | 67,886 | – | 67,886 | ||||||||||||
Asset-Backed Securities | – | 31,868 | – | 31,868 | ||||||||||||
Foreign Bonds | – | 25,141 | – | 25,141 | ||||||||||||
Sovereign Debt | – | 9,783 | – | 9,783 | ||||||||||||
Municipal Bonds | – | 4,285 | – | 4,285 | ||||||||||||
U.S. Government Agency Obligation | – | 1,110 | – | 1,110 | ||||||||||||
Cash Equivalent | 14,898 | – | – | 14,898 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Total Investments in Securities | 14,898 | 399,361 | – | 414,259 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
| Other Financial Instruments | Level 1 ($) | Level 2 ($) | Level 3 ($) | Total ($) | ||||||||||||
Written Options | (20 | ) | – | – | (20 | ) | ||||||||||
Futures Contracts* | ||||||||||||||||
Unrealized Appreciation | 1,856 | – | – | 1,856 | ||||||||||||
Unrealized Depreciation | (971 | ) | – | – | (971 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Total Other Financial Instruments | 865 | – | – | 865 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
*Futures contracts are value at the unrealized appreciation (depreciation) on the instrument.
For the period ended March 31, 2021, there were no transfers in or out of Level 3.
Amounts designated as “—” are $0 or have been rounded to $0.
For information regarding the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2021 ($ Thousands):
| Security Description | Value 6/30/2020 | Purchases at Cost | Proceeds from Sales | Realized Gain/ (Loss) | Change in Unrealized Appreciation (Depreciation) | Value 3/31/2021 | Shares | Dividend Income | Capital Gains | |||||||||
SEI Daily Income Trust, Government Fund, Cl F | $ 9,707 | $ 151,499 | $ (146,308) | $— | $— | $14,898 | 14,897,932 | $1 | $— | |||||||||
|
|
|
|
|
|
|
|
| 18 | New Covenant Funds / Quarterly Report /March 31, 2021 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Balanced Growth Fund
| Description | Shares | Market Value ($ Thousands) | ||||||
AFFILIATED INVESTMENT FUNDS — 98.9% |
| |||||||
Equity Fund — 60.5% | ||||||||
New Covenant Growth Fund † | 3,886,671 | $ | 213,806 | |||||
|
|
| ||||||
Total Equity Fund |
| 213,806 | ||||||
|
|
| ||||||
Fixed Income Fund — 38.4% | ||||||||
New Covenant Income Fund † | 5,684,093 | 135,452 | ||||||
|
|
| ||||||
Total Fixed Income Fund | 135,452 | |||||||
|
|
| ||||||
| Description | Shares | Market Value ($ Thousands) | ||||||
CASH EQUIVALENT — 1.1% | ||||||||
SEI Daily Income Trust, Government Fund, | ||||||||
0.010%**† | 3,955,348 | $ | 3,955 | |||||
|
|
| ||||||
Total Cash Equivalent | 3,955 | |||||||
|
|
| ||||||
Total Investments in Securities — 100.0% | $ | 353,213 | ||||||
|
|
| ||||||
Percentages are based on Net Assets of $353,346 ($Thousands). |
| ** | Rate shown is the 7-day effective yield as of March 31, 2021. |
| † | Investment in Affiliated Security. |
Cl — Class
As of March 31, 2021, all of the Fund’s investments were considered Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.
For the period ended March 31, 2021, there were no transfers in or out of Level 3.
For information regarding the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
The following is a summary of the transactions with affiliates for the period ended March 31, 2021 ($ Thousands):
| Security Description | Value 6/30/2020 | Purchases at Cost | Proceeds from Sales | Realized Gain/ (Loss) | Change in Unrealized Appreciation (Depreciation) | Value 3/31/2021 | Shares | Dividend Income | Capital Gains | |||||||||
New Covenant Growth Fund | $ 178,467 | $ 15,515 | $ (26,510) | $ 6,097 | $ 40,237 | $ 213,806 | 3,866,671 | $ 1,417 | $ 6,192 | |||||||||
New Covenant Income Fund | 113,632 | 31,555 | (6,955) | (17) | (2,763) | 135,452 | 5,684,093 | 1,670 | 1,469 | |||||||||
SEI Daily Income Trust, Government Fund, Cl F | 3,298 | 19,438 | (18,781) | — | — | 3,955 | 3,955,348 | — | — | |||||||||
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Totals | $ 295,397 | $ 66,508 | $ (52,246) | $ 6,080 | $ 37,474 | $ 353,213 | $ 3,087 | $ 7,661 | ||||||||||
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| New Covenant Funds/ Quarterly Report /March 31, 2021 | 1 |
SCHEDULE OF INVESTMENTS (Unaudited)
March 31, 2021
New Covenant Balanced Income Fund
| Description | Shares | Market Value ($ Thousands) | ||||||
AFFILIATED INVESTMENT FUNDS — 98.8% |
| |||||||
Fixed Income Fund — 63.8% |
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New Covenant Income Fund † | 2,361,704 | $ | 56,279 | |||||
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Total Fixed Income Fund |
| 56,279 | ||||||
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Equity Fund — 35.0% |
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New Covenant Growth Fund † | 560,174 | 30,815 | ||||||
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Total Equity Fund |
| 30,815 | ||||||
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| Description | Shares | Market Value ($ Thousands) | ||||||
CASH EQUIVALENT — 1.1% | ||||||||
SEI Daily Income Trust, Government Fund, Cl F | ||||||||
0.010%**† | 947,717 | $ | 948 | |||||
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Total Cash Equivalent |
| 948 | ||||||
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Total Investments in Securities — 99.9% |
| $ | 88,042 | |||||
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Percentages are based on Net Assets of $88,113 ($Thousands). |
| ** | Rate shown is the 7-day effective yield as of March 31, 2021. |
| † | Investment in Affiliated Security. |
Cl — Class
As of March 31, 2021, all of the Fund’s investments were considered Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.
For the period ended March 31, 2021, there were no transfers in or out of Level 3.
For information regarding the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.
The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2021 ($ Thousands):
| Security Description | Value 6/30/2020 | Purchases at Cost | Proceeds from Sales | Realized Gain/ (Loss) | Change in Unrealized Appreciation (Depreciation) | Value 3/31/2021 | Shares | Dividend Income | Capital Gains | |||||||||
New Covenant Income Fund | $ 50,030 | $ 10,020 | $ (2,635) | $ (6) | $ (1,130) | $ 56,279 | 2,361,704 | $ 714 | $ 621 | |||||||||
New Covenant Growth Fund | 27,937 | 3,000 | (7,191) | 2,717 | 4,352 | 30,815 | 560,174 | 215 | 944 | |||||||||
SEI Daily Income Trust, Government Fund, Cl F | 754 | 8,932 | (8,738) | — | — | 948 | 947,717 | — | — | |||||||||
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Totals | $ 78,721 | $ 21,952 | $ (18,564) | $ 2,711 | $ 3,222 | $ 88,042 | $ 929 | $ 1,565 | ||||||||||
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| New Covenant Funds / Quarterly Report /March 31, 2021 | 1 |