OCTOBER 25, 2017 • CHRISTOPHER ROBBINS
The SRI aspect started as part of our mutual fund, but it now goes across our business and is part of our investment process,” said Matt Blume, director of ESG research and shareholder advocacy at Appleseed. That process has evolved so that it is now less influenced by moral factors and is now influenced more by risk management, said Blume. Appleseed now screens out all fossil fuel companies, as well as systematically important financial institutions, not merely because their investors might find them objectionable, but because ESG screens favor lower-risk companies that should, over time, enhance returns.
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Investing involves risk, including loss of principal. Investments in international markets present special risks including currency fluctuation, the potential for diplomatic and political instability, regulatory and liquidity risks, foreign taxation and differences in auditing and other financial standards. Value investing involves the risk that an investment made in undervalued securities may not appreciate in value as anticipated or remain undervalued for long periods of time. Because the Fund does not invest in companies that do not meet its ESG criteria, and the Fund may sell portfolio companies that subsequently violate its screens, the Fund may be riskier than other mutual funds that invest in a broader array of securities. Short sales theoretically involve unlimited loss potential.
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund’s prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund’s prospectus by calling 1-800-470-1029. Distributed by Unified Financial Securities, LLC. (Member FINRA)
As of 09/30/2017, Top 10 Portfolio Holdings: Sprott Physical Gold Trust – 13.92%, Herbalife Ltd – 5.89%, Oaktree Capital Group LLC – 4.49%, SK Telecom Co Ltd ADR – 4.03%, Mexico Utd Mex St 4.75% 2018-06-14 – 3.90%, Hyundai Home Shopping Network Corp – 3.58%, China Mobile Ltd ADR -2.96%, COSCO SHIPPING Ports Ltd – 2.88%, Syntel Inc – 2.86%, Bayerische Motoren Werke AG – 2.83%.
As of 09/30/2017 Appleseed Fund Retail Share Class APPLX returned one year performance of 8.37%, five year 5.62% and ten year 6.37%.
The gross expense ratio of the Fund’s investor class is 1.48%, and the institutional class is 1.23%; the net expense ratio after contractual fee waivers through January 31, 2018 is 1.25% and 1.06%. The Fund’s ninety day redemption fee is 2.00%. The Fund’s past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-800-470-1029.
The Fund is managed by Pekin Singer Strauss Asset Management. The Appleseed Fund is distributed by Unified Financial Securities, LLC.