From: Diocesan Investment Trust of the Diocese of New York [www.ditofny.org]
DIT Income Fund
            DIT Income Fund is closed as of April 30, 2009

          
Objective

The Income Fund seeks to maximize current return while providing for high levels of safety of principal and liquidity.
Fees
NO fees are charged to participants in the fund.
Administration

The Fund had been managed from 1985 until October 2008 by Fiduciary Trust Company International.  In October 2008 the Trustees of the Estate and Properties of the Diocese of New York had decided to move all Income Fund Assets to a Vanguard Bond Index Fund ticker symbol VBTIX until further notice.  Due diligence examination visits are made by the Trustees' Investment Committee as appropriate, and the Fund is audited annually by our independent auditor.
Performance Summary (page updated March 16, 2009)
 
TOTAL RETURNS *
For quarter ending 12/31/08
Quarter 1 Year 3 Years 5 Years 10 Years
DIT Income Fund 0.30% 0.24% 3.54% 2.63% 4.62%
Vanguard Total Bond Mkt Index (VBTIX) 0.38% 3.30% 5.92% 4.21% 5.58%
Barclays US Aggregate Bond Index 0.12% 3.13% 5.78% 4.13% 5.70%
For quarter ending 12/31/08
Quarter 1 Year 3 Years 5 Years 10 Years
DIT Income Fund 3.19% 0.38% 3.19% 3.02% 4.54%
Vanguard Total Bond Mkt Index (VBTIX) 4.41% 5.19% 5.54% 4.70% 5.49%
Barclays US Aggregate Bond Index 4.58% 5.24% 5.51% 4.65% 5.63%
For quarter ending 09/30/08
Quarter 1 Year 3 Years 5 Years 10 Years
DIT Income Fund -1.67% -0.62% 2.31% 2.45% 4.27%
Lehman Brothers Aggregate Bond Index -0.48% 3.66% 4.15% 3.79% 5.20%
Lehman Brother Intermediate Govt./Credit.Index -1.50% 2.83% 3.85% 3.14% 4.83%
For quarter ending 06/30/08
 
Quarter
1 Year
3 Years
5 Years
10 Years
DIT Income Fund
-1.51%
3.72%
2.74%
2.73%
4.82%
Lehman Brothers Aggregate Bond Index
-1.02%
7.13%
4.08%
3.86%
5.68%
Lehman Brother Intermediate Govt./Credit.Index
0.01%
7.39%
4.19%
3.45%
5.45%
 
For quarter ending 03/31/08
 
Quarter
1 Year
3 Years
5 Years
10 Years
DIT Income Fund
0.44%
4.44%
4.29%
3.48%
5.23%
Lehman Brothers Aggregate Bond Index
2.17%
7.67%
5.48%
4.58%
6.04%
Lehman Brother Intermediate Govt./Credit.Index
3.00%
8.65%
5.58%
4.32%
5.81%
           
For quarter ending 12/31/07
 
Quarter
1 Year
3 Years
5 Years
10 Years
DIT Income Fund
2.16%
5.43%
3.95%
3.64%
5.34%
Lehman Brothers Aggregate Bond Index
3.00%
6.96%
4.56%
4.42%
5.97%
Lehman Brother Intermediate Govt./Credit.Index
2.91%
7.16%
4.24%
4.01%
5.66%
           
For quarter ending 9/30/07
 
Quarter
1 Year
3 Years
5 Years
10 Years
DIT Income Fund
2.63%
4.45%
3.47%
3.35%
5.43%
Lehman Brothers Aggregate Bond Index
2.85%
5.13%
3.86%
4.13%
5.96%
Lehman Brother Intermediate Govt./Credit.Index
2.88%
5.20%
3.39%
3.77%
5.58%
 
For quarter ending 6/30/07
 
Quarter
1 Year
3 Years
5 Years
10 Years
DIT Income Fund
-0.84%
5.62%
3.47%
3.83%
5.47%
Lehman Brothers Aggregate Bond Index
-0.52%
6.11%
3.98%
4.48%
6.02%
Lehman Brother Intermediate Govt./Credit.Index
-0.37%
5.52%
3.33%
4.10%
5.57%
For quarter ending 3/31/07          
Quarter
1 Year
3 Years
5 Years
10 Years
DIT Income Fund
1.21%

3.83%
3.11%
4.39%
5.74%
Lehman Brothers Aggregate Bond Index
1.24%
4.33%
3.70%
5.06%
6.24%
Lehman Brother Intermediate Govt./Credit.Index
1.03%
4.07%
2.92%
4.53%
5.73%
For quarter ending 12/31/06
Quarter
1 Year
3 Years
5 Years
10 Years
DIT Income Fund
1.40%

6.03%
2.84%
4.78%
5.94%
Lehman Brothers Aggregate Bond Index
1.50%
6.58%
3.31%
5.35%
6.46%
Lehman Brother Intermediate Govt./Credit.Index
1.59%
6.14%
2.63%
4.90%
5.91%
 
For quarter ending 9/30/06
Quarter
1 Year
3 Years
5 Years
10 Years
DIT Income Fund
3.78%

3.18%
2.82%
4.10%
5.90%
Lehman Brothers Aggregate Bond Index
3.81%
3.67%
3.38%
4.81%
6.42%
Lehman Brother Intermediate Govt./Credit.Index
3.19%
3.54%
2.56%
4.20%
5.88%
* Returns shown include reinvested income.  Please note that the Fund returns are net of all expenses, while the index returns have no expense considerations.
EXPENSE RATIOS and INDICATED YIELDS
As of 03/31/09
As of 12/31/08
Total Expense Ratio
0.405%
0.537%
Indicated Current Yield
4.29%
4.36%