Competitive Fees

A major advantage for using the funds offered by the United Church Foundation (UCF) are their relatively low management fees. For actively managed, socially responsible, broadly diversified common investment funds, the fees charged by the UCF are generally much lower than those of commercially available mutual funds.

Fees are charged against the income accrued to each of the nine Common Investment Funds, based upon the total assets held in each fund day by day.

The entire cost of operating the UCF is recovered from these management fees. There are no additional charges; no sales loads; no account service charges; no fees charged for redeeming or transfering funds.

All expenses are included in this fee; all trading costs, custodial fees, auditing charges, sub-advisor fees, marketing expense, promotional and administrative costs. There are no hidden charges levied against a participant's holdings.

The management fee assesed to each fund is proportional to the estimated administrative and investment management expense associated with offering each fund. Based upon each fund's total assets, the UCF Board of Directors establishes the management fee to be charged for each fund as part of the annual budget approval process. Any excess income collected beyond actual expenses is carried forward and used to reduce assessments in following years.

For nearly 100 years, the United Church Foundation has provided low-cost professional asset management services to the United Church of Christ and its predecessors. During this time, one goal has been paramount: to help participants derive "more money for ministry" from their investments. One way we achieve that goal is by assessing smaller management fees, leaving more earned income in the account.

Here is the management fee schedule for 2009:

Assets held in a UCF "Fund of Funds" which are made up of shares held in other UCF "Managed Funds" are not assessed the management fee twice.