New Covenant Balanced Income Fd
NCBIX
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ROIC.AI
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- New Covenant Balanced Income Fund (NCBIX) is a mutual fund that seeks total return through a combination of current income, capital appreciation, and growth of capital by investing primarily in a diversified portfolio of income-producing equity and debt securities. The fund allocates assets across common stocks of established companies with favorable long-term prospects; fixed-income securities including corporate bonds, U.S. government obligations, mortgage-backed securities, and asset-backed securities; and other instruments such as preferred stocks, convertible securities, and derivatives for hedging or income enhancement. It emphasizes securities aligned with Christian values, avoiding industries involved in alcohol, tobacco, gambling, pornography, abortion, or anti-family entertainment, while targeting undervalued opportunities across market capitalizations. Offered through New Covenant Funds, which traces its management roots to the early 1990s with the fund's inception in 2000, NCBIX operates under the oversight of primarily Epiphany Funds, Inc., with sub-advisory from Ferguson Wellman Capital Management, Inc.; the fund is headquartered in administrative operations based in Portland, Oregon. The portfolio maintains flexibility with up to 65% in equities for growth and the balance in fixed income for stability, catering to conservative investors seeking balanced risk-adjusted returns with ethical screening. Geographically, it focuses on U.S.-domiciled securities but may include up to 20% in foreign issues for diversification. In recent developments as of late 2025, the fund maintained its core strategy amid market volatility but benefited from portfolio manager enhancements, including Ferguson's integration of advanced quantitative models for security selection. No major acquisitions, funding rounds, or name changes occurred in the last 1-2 years; however, the firm expanded its ESG-aligned fixed-income offerings in response to investor demand for values-based income strategies, and it reported strong performance attribution from overweight positions in financials and utilities sectors during the 2024-2025 rate environment. These adjustments underscore a strategic shift toward resilient dividend payers and short-duration bonds to navigate elevated interest rates.