Equity Social Values Plus Fund (ESVPF)

Fund Performance (Net)
Risk and Disclosures

Fund Objective, Strategy and Holdings

The Equity Social Values Plus Fund (ESVPF) seeks to earn long-term capital appreciation by investing in equities of U.S. and non-U.S. domiciled publicly owned companies with highly rated sustainable policies and practices regarding the environment, diversity, employee relations, human rights, product quality and safety.

Management

Northern Trust Global Investments (NTGI) is the primary subadviser to the Fund. ESVPF employs an enhanced passive equity strategy. The performance benchmark for ESVPF is the MSCI World Custom Environmental, Social, and Governance (ESG) Special Weighted Index. The MSCI World Custom ESG Special Weighted Index is comprised of 60% MSCI USA ESG Index and 40% MSCI World ESG (ex US) Index. The performance benchmark excludes holdings based on the Social Principles of The United Methodist Church. In addition to ethical exclusions, MSCI ESG Research provides the MSCI World Custom ESG Special Weighted Index and identifies companies with highly rated sustainable policies and practices for inclusion in the performance benchmark.

The Fund generally does not invest in companies that derive more than 10% of their revenue from gambling or from the manufacture, sale or distribution of alcoholic beverages, tobacco-related products, adult entertainment, weapons, or the management or operation of prison facilities.

Asset Manager

  • Northern Trust Global Investments*

* Signatory to the United Nations Principles for Responsible Investment

Research and Index Provider

  • MSCI ESG Research

Performance Review

The Equity Social Values Plus Fund is a passively managed fund designed to closely match the fund benchmark, less fees and expenses. Relative performance is affected by the international daily valuation policy.

 

Fund Holdings as of September 30, 2016

Top 10 Stock Holdings

Company Fund %
Microsoft Corp. 2.8%
Johnson & Johnson 2.1%
Alphabet Inc. Class C 1.6%
Procter & Gamble Company 1.5%
Verizon Communications 1.4%
Novartis AG 1.2%
Intel Corp. 1.2%
Roche Holding Ltd Genusssch. 1.1%
Merck & Co., Inc. 1.1%
Cisco Systems, Inc. 1.0%
Total Top Ten Holdings 14.8%

 

Complete list of fund holdings PDF file


Characteristics as of September 30, 2016

ESVPF_chart2


Fund Statistics - September 30, 2016

  ESVPF Benchmark*
Wgt. Mkt. Cap ($MM) $80,912 $80,920
Price/Earnings Weighted Average 18.7 18.7 
Price to Book 2.3 2.4 
Dividend Yield 2.6% 2.6% 
# of Stocks 762 776 

 


Performance, Net of Fees - December 31, 2016

  3 mo YTD 1 yr 3 yr 5 yr 10 yr
Equity Social Values Plus Fund
1.09%
6.97%
6.97%
N/A
N/A
N/A
Benchmark*
1.21%
7.19%
7.19% N/A
N/A
N/A


* Benchmark: MSCI World Custom ESG Special Weighted Index

Risk and Disclosures

All investments carry some degree of risk that will affect the value of the Fund’s holdings, its investment performance and the price of its units. As a result, loss of money is a risk of investing in the fund. ESVPF is subject to the following principal investment risks: market risk, investment style risk, security-specific risk, country risk, currency risk, derivatives risk and liquidity risk.

For further discussion of the Fund’s investments strategies and risks, please refer to "Principal Investment Strategies and Principal Investment Risks of the Funds — Balanced Social Values Plus Fund" in the Wespath Investment Funds Description.

Valuation of ESVPF Units

In the daily valuation of ESVPF units, Wespath uses a valuation methodology to capture changes in non-U.S. securities values that arise because of time-zone differences among global securities markets. Many non-U.S. securities trade on exchanges that close several hours before ESVPF’s closing unit price is calculated in the United States, generally at 4 p.m. Eastern time. In the hours between the close of the non-U.S. markets and the close of the U.S. market, the value of the non-U.S. securities may change due to a variety of factors including, for example, company-specific announcements or market-wide developments. ESVPF’s daily return may diverge from the daily return of its benchmark index, in part, because the benchmark index values do not reflect such price adjustments.

Lending of Portfolio Securities

The Fund seeks to earn additional income by lending a portion of its portfolio securities to brokers, dealers and other financial institutions. The loans are secured at all times by cash and liquid high-grade debt obligations. As with any extension of credit, there are risks of delay in recovery and in some cases even loss of rights in the collateral should the borrower fail financially. In addition, losses could result from the reinvestment of the cash collateral received on loaned securities.

 

Fund Facts

Inception December 31, 2014
Exp. Ratio 0.59% for 2015
Benchmark MSCI World Custom ESG Special Weighted Index
Fund Assets $0.05 Billion as of December 31, 2016
Holdings September 30, 2016
Unit Price History Wespath Funds Price History
For More Information Investment Funds Description
 

Fund Manager

 
brian_boyer

Brian Boyer, CFA

Director, Equities
With Wespath since 2003
B.A. and B.E. from Dartmouth College
MBA from The Wharton School at the University of Pennsylvania
CFA Charterholder
  
mark_warren

Mark Warren, CFA, CIMA

Manager, Public Equities
With Wespath since 2015
B.S. from Purdue University
CFA Charterholder
CIMA Certification
 
Anita green

Anita Green

Manager, Sustainable Investment Strategies
With Wespath since 2008
B.A. from Truman State University
M.A. from the University of Phoenix
 
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