Photo Credit : Helena Kubicka de Bragança, courtesy the Cathedral of St. John the Divine

CURRENT NET ASSET VALUES

The Trustees of the Estate and Property
of the Diocesan Convention of New York
Diocesan Investment Trust

March 31, 2024

VIEW PREVIOUS NAV PERFORMANCE

DIT FUND NET ASSET VALUE
The DIT Fund NAV per share Dividend per share
03/31/2024$169.5232$1.5952
PEMS NET ASSET VALUE
PEMS NAV per share Dividend per share
03/31/2024$140.7432$1.3245
DIT FUND PERFORMANCE SUMMARY (1)
Month MTD CYTD QTR 1 Year 3 Years 5 Years 10 Years
03/31/20241.8%5.3%5.3%11.9%3.7%6.7%5.8%
PEMS PERFORMANCE SUMMARY (1)
Month MTD CYTD QTR 1 Year 3 Years 5 Years 10 Years
03/31/20241.8%5.3%5.3%11.9%3.7%6.7%5.8%
Benchmark Summary MTD CYTD QTR 1 Year 3 Years 5 Years 10 Years
Total Partners Capital Portfolio (2)1.8%5.4%5.4%12.6%3.8%7.0%6.1%
Policy Benchmark (3,4,5)2.5%6.3%6.3%14.5%4.7%7.9%6.1%
CPI + Spend (7)0.7%2.1%2.1%7.7%9.9%8.4%7.0%
Simple Equity/Bond Benchmark (6)2.4%5.6%5.6%16.2%5.2%8.6%7.6%
Equities: MSCI ACWI Net Ret DM 100% Hedged US (6)3.3%9.4%9.4%25.1%8.8%12.1%10.3%
Bonds: Barclays Treasury 5-10 Year (6)0.7%-1.1%-1.1%-0.2%-3.0%-0.0%1.3%

(1) Returns net of all Manager fees and DIT administration and custody expenses
(2) Returns net of all Manager fees (but not the DIT administration and custody expenses)
(3) The Diocesan Investment Trust has decided to use the Morgan Stanley Capital International All Country World Index (MSCI ACWI) as the primary equity benchmark for overall equity performance comparison purposes. The MSCI ACWI seeks to represent the performance of stocks in all markets globally where they are traded and reflects more accurately than the S&P 500 the globally diverse nature of equity investments of the DIT.
(4) The composition of the MSCI ACWI is approximately 45% U.S., 45% non-U.S. developed markets and 10% emerging markets.
(5) Policy Benchmark Definition from 5/1/2009 to 6/30/2013: S&P 500 17.0; Russell 3000 15.0; Russell 2000 3.0; MSCI World ex U.S. 10.0; MSCI EMF Net 5.0; Bloomberg Barclays U.S. Aggregate Bond Index ("Agg") 12.5; Bloomberg Barclays U.S. Inflation-Linked 2.0; Citigroup World Govt Bond 3.0; 3-Month T-bill 5.0; Bloomberg Commodity Index 5.0; Absolute 11% 5.0; HFRI FOF Conservative 5.0; HFRI Equity Hedge 12.5 2. Policy Benchmark Definition from 7/1/2013 to 9/30/2017: MSCI AC World Index Net 55.0; Bloomberg Barclays U.S. Aggregate Bond Index 12.5; Barclays U.S. Inflation-Linked 2.0; Citigroup World Govt Bond 3.0; 3-Month T-bill 5.0; Bloomberg Commodity Index 5.0; HFRI FOF Composite 17.5 3. Policy Benchmark Definition from 10/1/2017 to 3/31/2020: MSCI AC World Index Net 58.0; Bloomberg Barclays U.S. Aggregate Bond Index 20.0; 3-Month Tbill 5.0; HFRI FOF Conservative Index 12.0; S&P Global LargeMidCap Commodity Index 5.0 4. Policy Benchmark Definition from 4/1/2020 to 6/30/2021: MSCI AC World Index Net 58.0; Bloomberg Barclays U.S. Aggregate Bond Index 15.0; ICE BofA Merrill Lynch High-Yield Master II Index 5.0; 3-Month T-bill 5.0; HFRI FOF Conservative Index 12.0; S&P Global LargeMidCap Commodity Index 5.0 5. Policy Benchmark Definition from 7/1/2021 to 3/31/2022: MSCI AC World Index Net 58.0; Bloomberg Barclays U.S. Aggregate Bond Index 15.0; ICE BofA Merrill Lynch High-Yield Master II Index 5.0; 3-Month T-bill 5.0; HFRI FOF Conservative Index 12.0; S&P Global LargeMidCap Commodity Index 2.5; NCREIF ODCE (lagged) 2.5. Policy Benchmark Definition from 04/01/2022 to 09/30/2023: MSCI AC World Index Net 58.0; Bloomberg Barclays Capital US Aggregate Bond Index 27.0; ICE BofA Merrill Lynch (ML)Hi-Yld Master 5.0; 3-month T-bill 5.0; NCREIF ODCE (Lagged) 2.5; S&P Global LargeMidCap Commodity 2.5; Policy Benchmark Definition from 10/1/2023 to current: 60/40 iShares S&P 500 ETF/iShares MSCI Hedged EAFE ETF 58.0; iShares Core MSCI Emerging Markets ETF 3.0; Vanguard High Yield Corp Fd-Admiral Share 9.0; 0.33x ishares Global Reit ETF + 0.67x Schwab Tres Obl. Money Funs 1.0; iShares Barclays 7-10 Year Treasury 7.0; iShares Barclays TIPS Bond Fund 3.0; Schwab Treasury Obligations Money Fund 19.0; (6) Simple Stock/Bond Benchmark Definition from 10/1/2023 to current: MSCI AC World Net Return LC 65.0; Barclays Treasury 5-10 Year TR USD 35.0 ; (7) CPI + Spend definition: headline CPI + 4% spend rate