Diocesan
Investment Trust
 Financial Information from the Diocese of Los Angeles 		 

The Episcopal Diocese of Los Angeles Diocesan Investment Trust (DIT) was created in 1949 as a valuable service from the Diocese offered to our congregations and institutions. It has been used over time to relieve local churches and church affiliates of the burden and worry of oversight of monies which need to last and grow over time for the church's purposes.

Approximately 150 shareholders representing a variety of churches and church institutions are invested in the DIT. The account size ranges from hundreds to millions of dollars. Transactions in or out are restricted to the end of each calendar month.

Two Investment Options Available
 In 2006 the Trustees introduced a new investment option for shorter-term investment needs - the DIT Monthly Money Market Fund.  The original DIT offering has been renamed the  Diocesan Investment Trust Long-Term Diversified Fund.

If you are a current shareholder and wish to log in to your account  or view recent performance reports
Click Here
 

New Investment Manager Announced, Effective November 1, 2012
The Diocesan Investment Trust has selected Wilshire Associates, a Los Angeles firm, as its investment advisor, replacing the Frank Russell Company, according to a letter sent to shareholders on Oct. 2 by Bishop Diocesan J. Jon Bruno. "While the DIT has benefitted  greatly from FRC's expertise and management for the past nine years, we believe the approach that Wilshire Associates offers will enhance our ability to meet performance goals. To that end, the Trustees look forward to working with Wilshire Associates, a firm 100% owned by active key employees who have a vested interest in exceeding client expectations. (Full text of the letter is here.)

 

Bishop Bruno invites DIT investors and the diocesan community to a reception on Tuesday, Nov. 6 at 6:30 p.m. at the Cathedral Center of St. Paul to meet representative of Wilshire Associates and learn more about their new role with the trust.

 

Asset Allocation Mix, Effective November 1, 2012

The asset allocation is automatically rebalanced when any of the asset classes vary by more than plus or minus two percentage points from the percentages below.

 

 INVESTMENT FUND* TARGET ALLOCATION ASSET CLASS FUND TYPE
Wilshire US Equity Fund 29% US Equity Institutional Trust Fund
Wilshire non-US Equity Fund 16% Non-US Equity Institutional Trust Fund
Wilshire Core Fixed Income Fund 25% High Grade Fixed Income Institutional Trust Fund
Wilshire High Yield Fund 15% Specialty Fixed Income Institutional Trust Fund
Wilshire Real Assets Fund 15% Diversified Inflation Hedges Institutional Trust Fund
TOTAL 100%    

*If you are interested in obtaining Wilshire Associates fund information, please contact Joe Mikula at NRS via phone at 781-970-5043 or via email at jmikula@nrstpa.com

 

Prior to November 1, the asset allocation of the Diocesan Investment Trust Long-Term Diversified Fund was:

INVESTMENT FUND

 TARGET ASSET CLASS RUSSELL
FUND TYPE		 TICKER CUSIP
Russell U.S. Core Equity Fund,
Class Y		 15% Large/mid Cap US Equity Mutual Fund REAYX 782493282
Vanguard Institutional Index Fund 15% Large/mid Cap US Equity Mutual Fund VINIX 922040100
Russell Small and Mid-Cap Fund,
Class I		 3% Small Cap US Equity  Mutual Fund REBSX 782493209
Russell International Developed Markets Fund, Class Y 10% Non-US Equity  Mutual Fund RINYX 782493191
Russell Global Equity Fund, Class S 12% Non-US Equity Mutual Fund RGESX 782478119
Russell Investment Grade Bond Fund, Class Y 20% Fixed Income  Mutual Fund RFAYX 782493175
Vanguard Inflation Protected Securities Fund 11% Fixed Income Mutual Fund VIPIX 922031745
Russell Short-Duration Bond Fund
Class S		 9% Fixed Income Mutual Fund RFBSX 782493506
Russell Real Estate Securities Fund, Class S 5% Real Estate Mutual Fund RRESX 782493761

 

Help your church/institution take next steps, by selecting one of the following:

Click here for information on opening an account.
 Click here for information on purchasing or redeeming shares.
 Click here for information on how shares are valued.
Click here for information about accessing account information, including detailed Monthly Performance Reports, via the internet

  
Or, contact Mr. Ted Forbath, CFO, The Diocese of Los Angeles, at 800.366.1536 Ext. 233.
 

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