Knowledge Center

2025 Markets Review and 2026 Outlook

Weekly Market Update

October 23, 2026 – Download PDF

October 16, 2026 – Download PDF

October 9, 2026 – Download PDF

October 2, 2026 – Download PDF

Quarterly Market Update

Second Quarter 2026 Market Commentary – Download PDF

First Quarter 2026 Market Commentary – Download PDF

Fourth Quarter 2025 Market Commentary – Download PDF

Third Quarter 2025 Market Commentary – Download PDF

Market Commentary

July 2026 Market Commentary – Download PDF

May 2026 Market Commentary – Download PDF

April 2026 Market Commentary – Download PDF

February 2026 Market Commentary – Download PDF

Fund Announcements

Shareholder Letter Regarding Fund Name Change, October 2026 – Download PDF

Resources

Fact Sheets

Prospectus and Reports

New Covenant Growth Fund – Summary Prospectus

New Covenant Income Fund – Summary Prospectus

New Covenant Balanced Growth Fund – Summary Prospectus

New Covenant Balanced Income Fund – Summary Prospectus

New Covenant Funds – Prospectus

New Covenant Funds – Prospectus Supplement – Statement of Additional Information

– Statement of Additional Information Supplement

New Covenant Funds – Annual Report (June 30, 2022)

New Covenant Funds – Semi-Annual Report (December 31, 2022)

New Covenant Equity Fund

Monthly | Quarterly

New Covenant Income Fund

Monthly | Quarterly

New Covenant Balanced Growth Fund

New Covenant Balanced Income Fund

Tax and Accounting Information

New Covenant Funds – 2025 Important Tax Reporting Information

New Covenant Funds – 2025 19(a) Notice

Federated Hermes Treasury Obligations Fund

Link to Federated Hermes

Shareholder Services

Telephone Access to Fund Information (Phone Tree Diagram)

Information provided on this website is intended only for persons who are eligible to purchase U.S.-registered investment funds. Nothing contained on this website should be considered a solicitation to buy or an offer to sell shares of any of the New Covenant Funds in any jurisdiction where such offer or solicitation would be unlawful under the securities laws of such jurisdiction.

To determine if the Fund(s) are an appropriate investment for you, carefully consider the investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Fund’s prospectus, and if available, the summary prospectus, which can be obtained by calling 1-877-835-4531. Read the prospectus carefully before investing.

The Funds may choose not to invest in or may limit profitable investments in companies which have been identified as being in conflict with the social-witness principles of the Presbyterian Church (U.S.A.). New Covenant Mutual Funds are sold as New Covenant Funds.

Mutual fund investing involves risk. Principal loss is possible.

SEI Investments Management Corporation (SIMC) is the adviser to the New Covenant Funds which are distributed by SEI Investments Distribution Co (SIDCO). SIMC and SIDCO are wholly owned subsidiaries of SEI Investments Company.

Federated Treasury Obligations Fund is distributed by Federated Securities Corp. Neither SIMC nor SIDCO is affiliated with Federated Securities Corp.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY | NOT A DEPOSIT