NCICX Performance — New Covenant Income Fund
Data updated: 2026-09-14
NCICX returned +0.36% year to date and +3.31% over one year to Jun 2026. Annualised returns are +4.27% over 3 years and +0.39% over 5 years. The fund trailed its Intermediate Core Bond category average: $100 invested three years ago grew to $113, against $115 for the category, and to $103 over one year, against $104. Volatility over the past three years was 4.45% a year. In the 12 months to Jun 2026 the fund took in a net $14.2M, and assets reached $350.72M.
NCICX Growth of $100
What $100 invested in New Covenant Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Core Bond category average over the same months.
| Period | NCICX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $103 | $104 |
| 3 years (Jul 2023 – Jun 2026) | $113 | $115 |
| 5 years (Jul 2021 – Jun 2026) | $102 | $102 |
| Since data start (Jul 2019 – Jun 2026) | $109 | $112 |
NCICX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.36% |
| 1 year | +3.31% |
| 3 years (annualised) | +4.27% |
| 5 years (annualised) | +0.39% |
NCICX Annual Returns
Calendar-year total returns of New Covenant Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +0.36% |
| 2025 | +7.07% |
| 2024 | +2.13% |
| 2023 | +5.14% |
| 2022 | −10.78% |
| 2021 | −1.66% |
| 2020 | +5.92% |
| 2019 (Jul–Dec) | +1.84% |
NCICX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −1.5% | +1.2% | +0.3% | +0.1% | +0.1% | +0.1% | — | — | — | — | — | — |
| 2025 | +0.2% | +1.9% | +0.5% | +1.4% | −0.7% | +0.7% | +0.7% | +1.3% | −0.3% | 0.0% | +0.6% | +0.6% |
| 2024 | +0.7% | −1.2% | +0.2% | +0.9% | +1.4% | −1.9% | +1.2% | +1.2% | +2.1% | −1.1% | +0.8% | −2.1% |
| 2023 | +1.9% | −2.0% | +2.8% | −0.5% | −0.8% | +0.5% | −1.9% | −0.3% | +0.2% | +3.0% | +3.7% | −1.2% |
| 2022 | −2.7% | −1.1% | −1.5% | −1.5% | +0.7% | −2.6% | −3.6% | −2.2% | +1.9% | −0.5% | +3.0% | −1.0% |
| 2021 | −0.5% | −0.8% | −0.1% | 0.0% | +0.1% | +0.6% | −0.5% | −0.2% | +0.6% | −0.2% | −0.1% | −0.6% |
| 2020 | −2.2% | +0.9% | +1.3% | +0.8% | +1.1% | +2.1% | −0.1% | +0.1% | +0.9% | +0.4% | +0.5% | 0.0% |
| 2019 | — | — | — | — | — | — | −0.3% | +1.4% | +0.2% | +0.2% | −0.1% | +0.4% |
NCICX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 4.45%
- 3-year Sharpe ratio: -0.05 (vs 4.5% risk-free rate)
- Best month: +3.67% (Nov 2023)
- Worst month: −2.08% (Dec 2024)
NCICX Fund Flows
Monthly money in and out of New Covenant Income Fund, from SEC Form N-PORT.
- 12-month net flow: $14.2M
- 12-month gross sales (incl. reinvestments): $35.4M
- Sales ÷ redemptions: 1.67×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $108K | $3.0M | −$2.9M |
| May 2026 | $155K | $1.0M | −$855K |
| Apr 2026 | $10.7M | $476K | $10.2M |
| Mar 2026 | $673K | $1.8M | −$1.2M |
| Feb 2026 | $1.9M | $5.1M | −$3.2M |
| Jan 2026 | $2.2M | $1.0M | $1.2M |
| Dec 2025 | $804K | $216K | $588K |
| Nov 2025 | $8.6M | $1.3M | $7.3M |
| Oct 2025 | $3.5M | $2.1M | $1.4M |
| Sep 2025 | $1.5M | $2.2M | −$708K |
| Aug 2025 | $2.5M | $1.2M | $1.3M |
| Jul 2025 | $2.7M | $1.7M | $1.1M |
NCICX Assets Under Management
Net assets of New Covenant Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $350.72M |
| 2026-03-31 | $345.97M |
| 2025-12-31 | $351.74M |
| 2025-09-30 | $341.41M |
| 2025-06-30 | $336.53M |
| 2025-03-31 | $347.19M |
| 2024-12-31 | $339.42M |
| 2024-09-30 | $352.40M |
| 2024-06-30 | $345.23M |
| 2024-03-31 | $335.71M |
| 2023-12-31 | $344.00M |
| 2023-09-30 | $332.58M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.