- What does NCBIX invest in?
- This investment vehicle aims to achieve two main financial goals: generating regular income for shareholders and promoting the long-term appreciation of their capital. Its strategy primarily involves allocating its resources between two associated funds: the New Covenant Growth Fund and the New Covenant Income Fund. A significant portion of its total assets is typically directed towards the Income Fund. Specifically, between 50% and 75% of its net assets are committed to shares of the Income Fund. The remaining balance of its net assets is then invested either in shares of the Growth Fund or held in highly liquid investments such as cash or cash equivalents. It's also relevant that the underlying Income Fund has the flexibility to invest up to 20% of its net assets in commercial paper. Additionally, it can allocate as much as 40% of its net assets to fixed-income securities issued by foreign entities, spanning a wide range of global markets, including both well-established and emerging economies.
- What is the expense ratio of NCBIX?
- New Covenant Balanced Income Fd (NCBIX) charges an expense ratio of 0.94%. This is the annual fee deducted from fund assets to cover management and operations.
- What is NCBIX's dividend yield?
- NCBIX's trailing-twelve-month yield is 6.48%, calculated from the sum of dividends over the past year divided by the current price.
- How big is NCBIX?
- New Covenant Balanced Income Fd (NCBIX) manages $77.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is NCBIX actively managed or an index fund?
- NCBIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was NCBIX launched?
- New Covenant Balanced Income Fd (NCBIX) launched in June 1999 and is managed by the fund issuer.
