New Covenant Income Fund (NCICX)
The investment seeks a high level of current income with preservation of capital. Under normal market conditions, at least 80% of the fund's net assets will be invested in a diversified portfolio of bonds and other debt obligations of varying maturities. At least 65% of the fund's net assets will be invested in bonds that are rated within the four highest credit rating categories assigned by independent rating agencies, and the advisor will attempt to maintain an overall credit quality rating of AA or higher.
Fund Info
US6436422009
643642200
Jul 1, 1999
$500
Expense Ratio
NCICX has a high expense ratio of 0.96%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in New Covenant Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
New Covenant Income Fund had a return of 0.58% year-to-date (YTD) and 4.09% in the last 12 months. Over the past 10 years, New Covenant Income Fund had an annualized return of 1.13%, while the S&P 500 had an annualized return of 11.31%, indicating that New Covenant Income Fund did not perform as well as the benchmark.
NCICX
0.58%
0.67%
-0.76%
4.09%
-0.48%
1.13%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of NCICX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.53% | 0.58% | |||||||||||
| 2024 | 0.16% | -1.19% | 0.70% | -1.86% | 1.41% | 0.86% | 2.10% | 1.22% | 1.16% | -2.08% | 0.85% | -1.11% | 2.13% |
| 2023 | 2.81% | -2.03% | 1.89% | 0.51% | -0.78% | -0.54% | 0.19% | -0.34% | -1.91% | -1.18% | 3.67% | 2.95% | 5.15% |
| 2022 | -1.54% | -1.09% | -2.72% | -2.57% | 0.67% | -1.50% | 1.92% | -2.22% | -3.60% | -0.98% | 2.96% | -0.47% | -10.78% |
| 2021 | -0.06% | -0.81% | -0.51% | 0.55% | 0.10% | 0.01% | 0.60% | -0.16% | -0.51% | -0.55% | -0.13% | -0.43% | -1.89% |
| 2020 | 1.26% | 0.94% | -2.21% | 2.12% | 1.06% | 0.83% | 0.93% | 0.11% | -0.09% | -0.01% | 0.52% | -0.75% | 4.73% |
| 2019 | 1.23% | 0.11% | 1.40% | 0.21% | 1.13% | 1.03% | 0.25% | 1.39% | -0.26% | 0.37% | -0.06% | 0.16% | 7.15% |
| 2018 | -0.92% | -0.62% | 0.40% | -0.52% | 0.54% | -0.11% | 0.02% | 0.59% | -0.55% | -0.42% | 0.52% | 1.05% | -0.05% |
| 2017 | 0.24% | 0.49% | -0.01% | 0.64% | 0.59% | -0.23% | 0.42% | 0.63% | -0.31% | 0.04% | -0.26% | 0.21% | 2.47% |
| 2016 | 0.81% | 0.52% | 0.82% | 0.42% | -0.05% | 1.24% | 0.67% | -0.06% | 0.19% | -0.32% | -1.68% | 0.03% | 2.58% |
| 2015 | 1.34% | -0.39% | 0.43% | 0.02% | -0.02% | -0.68% | 0.45% | -0.20% | 0.36% | 0.10% | -0.20% | -0.37% | 0.84% |
| 2014 | 0.88% | 0.31% | -0.39% | 0.48% | 0.74% | -0.04% | -0.39% | 0.48% | -0.56% | 0.66% | 0.39% | 2.28% | 4.90% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NCICX is 40, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for New Covenant Income Fund (NCICX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
New Covenant Income Fund provided a 3.19% dividend yield over the last twelve months, with an annual payout of $0.66 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.66 | $0.66 | $0.58 | $0.44 | $0.39 | $0.49 | $0.57 | $0.51 | $0.44 | $0.48 | $0.39 | $0.66 |
Dividend yield | 3.19% | 3.17% | 2.79% | 2.12% | 1.65% | 2.02% | 2.42% | 2.26% | 1.92% | 2.10% | 1.72% | 2.84% |
Monthly Dividends
The table displays the monthly dividend distributions for New Covenant Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.06 | $0.00 | $0.06 | ||||||||||
| 2024 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.66 |
| 2023 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.58 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2021 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2020 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.57 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.51 |
| 2017 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2016 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.10 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2014 | $0.03 | $0.03 | $0.59 | $0.66 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the New Covenant Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the New Covenant Income Fund was 21.12%, occurring on Nov 21, 2008. Recovery took 421 trading sessions.
The current New Covenant Income Fund drawdown is 6.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.12% | Jan 23, 2008 | 212 | Nov 21, 2008 | 421 | Jul 28, 2010 | 633 |
| -16.36% | Dec 4, 2020 | 473 | Oct 20, 2022 | — | — | — |
| -5.82% | Mar 9, 2020 | 10 | Mar 20, 2020 | 48 | May 29, 2020 | 58 |
| -4.59% | Jun 16, 2003 | 41 | Aug 13, 2003 | 275 | Sep 16, 2004 | 316 |
| -4.55% | Oct 4, 2012 | 230 | Sep 5, 2013 | 320 | Dec 11, 2014 | 550 |
Volatility
Volatility Chart
The current New Covenant Income Fund volatility is 1.06%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.