Investing

Quarterly Portfolio Review

How each portfolio performed against its benchmark, what moved the markets, and what the Foundation did about it. Published every quarter for the ministries invested with us.

Latest · Q3 2026

Quarterly Portfolio Review, Third Quarter 2026

A technology-led selloff in July, the best-performing August since 2021, and a difficult September in which energy and a few large technology companies rose while most other sectors fell. Bonds fell too, and the Federal Reserve raised rates for the first time since 2023.

Figures as of September 30, 2026