The Episcopal Church Foundation

As of September 30, 201570/30 Equities to Fixed Income

Standard and Socially Screened

Endowment Management Solutions

Following are sample custom accounts portfolios using State Street Global Advisors investment strategies. Performance is compared to a blended benchmark that reflects the portfolio’s strategic target asset allocation. The pie chart shows the tactical overlays that have been applied to the portfolios based on current market conditions.

Custom Portfolio Allocation and Performance

Custom Portfolio Total Return Custom Portfolio Asset Allocation

Fund Performance — Custom Portfolio

Source: SSgA Performance SystemThe above Composites are not mutual funds but are unregistered investment vehicles. Past performance is not a guarantee of future results. Performance returns for periods of less than one year are not annualized. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.

Fund Performance — Custom Portfolio

Source: SSgA Performance SystemThe above Composites are not mutual funds but are unregistered investment vehicles. Past performance is not a guarantee of future results. Performance returns for periods of less than one year are not annualized. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.

Fund Performance — Custom Portfolio

Source: MorningstarPerformance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Average annual total return and total return are historical and include change in share value and reinvestment of dividends and capital gains, if any. Performance data for some mutual funds and ETFs may reflect an expense limitation currently in effect, without which returns would have been lower. The “SPDR®” trademark is used under license from of Standard & Poor Financial Services LLC. No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by Standard & Poor Financial Services LLC. Standard & Poor's®, S&P®, S&P 500®, Select Sector SPDR®, Select Sector SPDRs® are trademarks of Standard & Poor Financial Services LLC., and have been licensed for use by State Street Bank and Trust Company. Performance returns for periods of less than one year are not annualized.

Socially Screened Portfolio Allocation and Performance

Socially Screened Portfolio Total Return Socially Screened Portfolio Asset Allocation

Source- First Rate Source- SSGAThis material is solely for the private use of the Episcopal Church Foundation per their request and is not intended for public dissemination. Past performance is not a guarantee of future results. Performance returns for periods of less than one year are not annualized. Allocations, characteristics, and weightings are as of the date indicated, are subject to change, and should not be relied upon as current thereafter. The “Custom Benchmark” is created by SSGA and may be different for different accounts. For additional information regarding these benchmarks please contact your Investment Officer. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income. *Performance is net of common trust fund fees but gross of relationship fees. Rates of return for periods greater than one year are annualized.The Custom Benchmark is comprised of:8/1/07 – Present 5% Real Asset, 10% MS EAFE, 45% Russell 3000, 17.5% BCAP Intm Gov, 17.5% BCAP Intm Credit, 5% MSCI Emerging

Socially Screened Portfolio– Calendar Year Returns

Source- First Rate Source- SSGAThis material is solely for the private use of the Episcopal Church Foundation per their request and is not intended for public dissemination. Past performance is not a guarantee of future results. Performance returns for periods of less than one year are not annualized. Allocations, characteristics, and weightings are as of the date indicated, are subject to change, and should not be relied upon as current thereafter. The “Custom Benchmark” is created by SSGA and may be different for different accounts. For additional information regarding these benchmarks please contact your Investment Officer. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income. *Performance is net of common trust fund fees but gross of relationship fees. Rates of return for periods greater than one year are annualized.The Custom Benchmark is comprised of:8/1/07 – Present 5% Real Asset, 10% MS EAFE, 45% Russell 3000, 17.5% BCAP Intm Gov, 17.5% BCAP Intm Credit, 5% MSCI Emerging

Total Portfolio Performance* September 30, 2015

Fund Performance — Socially Screened Portfolio

September 30, 2015

Source- SSGAThis material is solely for the private use of the Episcopal Church Foundation per their request and is not intended for public dissemination.The above CTFs are not mutual funds but are unregistered investment vehicles. Past performance is not a guarantee of future results.Performance returns for periods of less than one year are not annualized.Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.