Chart of the Week-May 23, 2022

Fund Name/Share Class

TR (%)

Sustainable Investing Approach

Morgan Stanley Institutional Liquidity ESG Money Market Fund Cs/OK

0.05

ESG Integration.  A minimum ESG scoring approach is used to determine eligibility. 

Exclusions.  Tobacco, landmines and cluster munitions, firearms, thermal coal or 

coal fired power generation, fossil fuel companies, based carbon emission thresholds.  

Engagement.  Engagement with companies on corporate governance and materially important E and S issues.  

JPMorgan Prime Money Market Fund Empower Shares

0.05

ESG Integration.  Applies to material risk factors and opportunties.  

Other.  An annual donation of 12.5% of revenue received from the Empower Shares management fees to support community development.   

State Street ESG Liquid Reserves Fund

0.04

ESG Integration.  Approach relies on a proprietary scoring system that accounts for material ESG issues based on a framework established by the Sustainability Accounting Standards Board (SASB), excluding corporate governance issues, and a separate score related to corporate governance issues. Eligible securities must meet minimum scores while in some cases, such as US government securities or securities for which scores are not available, other factors such as alternative ESG ratings may be used.  

UBS Select ESG Prime Institutional 

0.04

ESG Integration.  Emphasis on better than average ESG ratings.

Exclusions.  Exclusions apply to controversial weapons, natural resource extraction activities, thermal and power coal generation and certain controversial behavior and business activities as well as the failure of a portfolio company to meet certain engagement objectives identified by UBS AM.

BlackRock Liquid Environmentally Aware Direct Shares

0.04

Environmental.  The fund invests in securities that perform at an above average level as to environmental practices, including but not limited to such factors as emissions, energy and water intensity, waste generation, green revenues and environmental disclosure levels.  US government securities are considered to have met the environmental criteria and the fund may invest in mortgage, asset-backed securities, and various other short-term obligations issued, for example, by states and other entities.   

Exclusions:  securities issued by or guaranteed that derive more than 5% of their revenue from fossil fuels mining, exploration, or refinement or that derive more than 5% of their revenue from thermal coal or nuclear energy-based power generation.

Other. BlackRock or its affiliates will use at least 5% of BlackRock’s net revenue from its management fee from the fund to purchase annually and then retire carbon credits either directly or through a third-party organization.