Department of Labor Reiterates Guidance on Fiduciary Duty and Social Investments
On April 23, 2018, the U.S. Department of Labor (DOL) Again Attempts to Clarify Social Investing Rules for Plan Fiduciaries On April 23, 2018, the U.S. Department of Labor (DOL) released a Field Assistance Bulletin intended to give further guidance to address questions that may arise from plan fiduciaries and other interested parties about Interpretive […]
1st Quarter 2018 Sustainable Funds Review
Summary vAn estimated $2.8 billion, or 1.1%, in net new cash flowed into the sustainable investment funds segment during the three month interval. A much more significant $18.8 billion was added by repurposed funds and funds that were reclassified. Sustainable funds ended the first quarter of 2018 with a total of 305 mutual funds and […]
Sustainable Funds Reporting Round Up-March 2018
Trillium Mutual Funds: Portfolio 21 Global Equity Fund and Trillium Small/Mid Cap Fund Trillium Asset Management, LLC 12/31/2017 Semi-annual Report as of 3/12/2018 Observations: Portfolio 21 Global Equity, except for slightly lagging the MSCI ACWI Index over the 5-year interval to 12/31/2017, has exceeded the performance of its designated benchmark during the 1-year, 3-year, 10-year and […]
Sustainable Funds Reporting Round Up-February 2018
Parnassus Funds Parnassus Asset Management 12/31/2017 Annual Report filed as of 2/9/2018 Observations: The annual report covers six funds and their corresponding share classes, 12 in total, including the Parnassus Fund, Parnassus Core Equity Fund, Parnassus Endeavor Fund, Parnassus Mid Cap Fund, Parnassus Asia Fund and Parnassus Fixed Income Fund. None of the funds and […]
Sustainable Funds Reporting Round Up: Alger Green Fund and More -January 2018
Alger Responsible Sutainable Investing Fund Fred Alger Management Inc. 9/30/2017 Annual Report filed as of 12/7/2017 Observations: The fund across its four share classes trailed behind the Russell 1000 Growth non-ESG benchmark during the latest 1, 3, 5-year, 10-year and since inception intervals. The index is newly adopted to reflect that fund’s strategy adopted as […]
Sustainable Funds Reporting Round Up-December 2017
Boston Common International Fund Boston Common Equity Fund 9/30/2017 Annual Report filed as of 12/7/2017 Observations: The two funds managed by Boston Common Asset Management trailed behind their respective non-ESG benchmarks during the latest 1, 3, 5-year and since inception intervals. The annual reports detail the fund management company’s commitment to focus on environmental, social […]
Sustainable Funds Reporting Round Up-November 2017
Neuberger Berman Socially Responsive Fund 11/1 Semi-Annual Report as of 9/30/2017 Observations This large cap growth fund continues to lag the fund’s prospectus benchmark, the S&P 500 Index, over the 1-year, 5-year, 10-year and since inception intervals, across all share classes. The report does not make any industry or company specific references to the impacts […]
Vanguard Proxy Vote on Genocide-Free Investing in 2017
Vanguard Shareholders Vote on Genocide-Free Investing in Mutual Funds Today Vanguard is holding a Joint Special Meeting of Shareholders in Scottsdale, Arizona. Shareholders have been asked to vote on board of trustees nominations and on several fund proposals that will harmonize policies across Vanguard’s US-based funds. In addition, Vanguard shareholders have had the opportunity to […]