The International Developed sleeve outperformed the MSCI EAFE in May by over 2% and is ahead by nearly 1% over the last three months. The main contributors in the month were the portfolio’s stock selection within the information technology and materials sectors. IT's main contributors included Dutch semiconductor manufacturer NXP Semiconductors (+11%) and Swiss semiconductor manufacturer STMicroelectronics (+20%). Within materials, the main contributors included Australia-based BHP Group (+7.8%) and UK-based Rio Tinto. In addition, underweight positions in consumer staples and healthcare (which were both negative) and overweight in energy (which was positive) benefitted results.
Darrell Jayroe, CFA, CFP, CKA, serves as Inspire’s Senior Portfolio Manager responsible for leading the firm’s Investment Committee, as well as serving as Lead Portfolio Manager for Inspire’s ETFs and SMA strategies. Darrell has been with the firm since 2016.
Prior to joining Inspire, Darrell was a Vice President and Sr. Portfolio Manager for the Bank of Oklahoma trust department for 12 years where he was responsible for managing accounts for high net worth families, trusts, foundations and institutions. Darrell started his career as an investment advisor in 1994 with PaineWebber in Oklahoma City.
Darrell received a B.A. and Masters degree from Southern Nazarene University in Bethany, Oklahoma. He is a CFA (Chartered Financial Analyst) charter holder and is a CFP® (Certified Financial Planner®) licensee. He is a member of the CFA Institute and a member and Past President of the CFA Society of Oklahoma. He is also a member of Kingdom Advisors and holds the CKA® (Certified Kingdom Advisor®) designation.
Darrell and his wife, Beth, have been married since 1982 and have two daughters, a son in law and two grandchildren.
Tim Schwarzenberger, CFA is a Portfolio Manager with Inspire Investing and has over 17 years of experience. Tim previously served as the Managing Director at Christian Brothers Investment Services where he was responsible for implementing the firm’s overall investment philosophy through manager selection as well as strategy and product development.