Social Impact Investing

(CAAT). Liverpool City Council has passed a successful resolution to disinvest from the
company, but a similar attempt by the Scottish Green Party in Edinburgh City Council
was blocked by the Liberal Democrats.
Mutual Funds and ETFs
Socially responsible mutual funds counted by the 2014 Trends Report increased in
number to 415 in 2014, up from 333 in 2012, 250 in 2010, 173 in 2005 & 2007, 189 in
2003, and 167 in 2001. The overall number of mutual funds incorporating
environmental, social and corporate governance (ESG) has increased four-fold increase
since 2012. Additionally, 20 exchange-traded funds (ETFs) that incorporate ESG criteria
were identified with $3.5 billion in assets at the end of 2011, an increase from the 8
ETFs with $2.25 billion in net assets identified in its 2007 report—the first Trends report
to track ETFs [11]. Unlike the Employee Retirement Income Security Act of 1974
(ERISA), which severely limits the extent to which socially responsible goals can be
considered in managing corporate and Taft-Hartley pension assets (due to ERISA's
overriding goal of protecting employees' pensions), registered investment companies
can take these factors into account so long as the disclosure and other requirements of
the Investment Company Act of 1940 are met. US SIF maintains charts describing the
socially responsible mutual funds offered by its member firms.
Key: X = No investment; P = Positive investment; R = Restricted investment; NS = No
screens.
Fund
Access Capital
Strategies
Community
Investment Fund
AHA Balanced Fund
- Instiutional Class
AHA Diversified
Equity Fund -
Institutional Class
AHA Diversified
Equity Fund - N
Class
AHA Full Maturity
Fixed Income Fund -
Institutional Class
AHA Full Maturity
Fixed Income Fund -
N Class
AHA Limited Maturity
Fixed Income Fund -
Institutional Class
AHA Limited Maturity
Fixed Income Fund -
N Class
AHA Socially
Responsible Equity I
AHA Socially
Responsible Equity N
Alcohol Tobacco Gambling
Defense/
Weapons
Animal
Testing
Products/
Services
Environment
Human
Rights
Labor
Relations
Employment/
Equality
Community
Investment
NS NS NS NS NS NS NS NS NS NS P X
NS X NS NS NS NS NS NS NS NS NS V
NS X NS NS NS NS NS NS NS NS NS V
NS X NS NS NS NS NS NS NS NS NS V
NS X NS NS NS NS NS NS NS NS NS V
NS X NS NS NS NS NS NS NS NS NS V
NS X NS NS NS NS NS NS NS NS NS V
NS X NS NS NS NS NS NS NS NS NS V
X X X X NS P P P P P NS V
X X X X NS P P P P P NS V
Appleseed Fund R R R R NS NS P P P NS P V
Ariel Appreciation
Fund
NS X NS X NS NS NS NS NS NS NS V
Ariel Focus Fund NS X NS X NS NS NS NS NS NS NS V
Ariel Fund NS X NS X NS NS NS NS NS NS NS V
Azzad Ethical
Income Fund
X X X X NS NS NS NS NS NS NS V
Proxy
Voting
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