Tending the Flock - Index Funds Advisors

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Tending the Flock: Shepherding Catholic Retirement Plans According to fi360, they are clearly permitted when: • Plan documents permit the use of SRI • A reasonable person would deduce from the organization’s mission that SRI would be adopted The best policy for the committee as the plan fiduciary is to treat your SRI strategy as you would any due diligence process. Do sufficient research to identify that the proposed strategy is likely to be prudent, effective, and practical to implement and is regularly monitored to show that the intended results have been accomplished – that participants are experiencing competitive returns that will help them achieve retirement plan success while investing according to your organization’s core values. Socially Responsible Screens Screening is the most widely practiced approach to SRI. An effective approach incorporates the screen into the fund construction process. Certain fund managers work with highly regarded providers of research analytics to effectively screen the funds that underlie the Target Date Portfolios using faith-based exclusions. Implementing these same screens for the investments in your plan will enable your participants to invest according to specific risk parameters which carry an expected return, while maintaining their inherent and steadfast convictions which place a premium on life, social justice and the avoidance of degrading and inhumane practices. An example of specific screens includes: 79
Tending the Flock: Shepherding Catholic Retirement Plans • Companies that are engaged in the development or manufacture of abortifacients; own or operate acute-care hospitals or surgical centers; or own more than 20% of, or are majority-owned by, companies that meet the preceding criteria. • Companies that derive at least 15% of revenues from; rental, sale or distribution of adult entertainment media products; ownership and/or operation of adult entertainment establishments and production of adult media products including movies, magazines, books, calendars and websites. • Companies that derive at least 15% of revenue from the manufacture of alcoholic beverages, the supply of raw materials and other products necessary for the production of alcoholic beverages or the distribution of alcoholic beverages. • Companies whose operations have had major recent controversies relating to child labor infractions in the US or abroad. • Companies that derive identifiable revenues from the development or manufacture of contraceptives; or that own more than 20% of, or are majority-owned by, companies that develop or manufacture contraceptives. • Companies that derive at least 20% of revenue from the production of goods used exclusively for gambling, such as slot machines; ownership and/or operation of casinos, racetracks, bingo parlors, or other betting establishments; or the provision of services in casinos that are fundamental to gambling operations, such as gambling technology. 80
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This book is dedicated to our famil
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Acknowledgements We would like to e
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Table of Contents Foreword . . . .
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Foreword Until now, retirement plan
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About Mike Mike Patterson, J.D. LL.
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Accolades In this age of hidden and
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About Mary Mary Brunson is the Vice
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About Judy Judy Baba is the liaison
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Tending the Flock - Index Funds Advisors

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