The Reynders, McVeigh Core Equity Fund
News and Insights
Sustainable Strategy Tilts Towards Renewables, Reshoring and Health Care
Our belief is that sustainable investing is a core investment strategy. It’s not a little piece of someone’s portfolio; this is appropriate for the center of what one does. So, we look to invest in companies with strong ethical management, good business, sustainable growth of earnings, and that they all do this in an ethical fashion that’s going to impact the world positively.
The thoughts and opinions expressed in the article are solely those of the author as of September 8, 2024, and are subject to change at any time based on market or other conditions. These views are not intended to be a forecast of future events or a guarantee of future results.
These views may not be relied upon as investment advice. Past performance is not indicative of future results.
The discussion of individual companies is made on an objective basis for illustrative purposes and should not be considered a recommendation of such companies by the Fund’s investment adviser. The discussion is designed to provide a reader with an understanding of how the Fund’s investment adviser manages the Fund’s portfolio. As of the article date (9/8/2024), the Fund’s ownership percentage of each name mentioned in the article above is as follows: Interface 1.8%, Enovix 0.57%, Carrier Global Corporation 3.90%, Rockwell Automation 2.19%, Nexans 2.67%, Schneider Electric 3.81%, Perrigo 1.91% and Tesla 1.68%. It should not be assumed that investments in the securities have been or will be profitable. Portfolio holdings may change over time. Current and future portfolio holdings are subject to risk. Certain statements may be deemed forward-looking, but any such statements are not guarantees of any future performance, and actual results or developments may differ materially from those discussed.
Certain impact investments are private, non-public offerings that are only available to accredited investors (individuals or business entities that are allowed to trade securities that may not be registered with financial authorities due to their income, net worth, asset size, governance status, or professional experience). These private, non-public offerings may experience greater volatility than traditional investments in publicly traded securities. Individuals should carefully review the pertinent documents for each impact investment for a more detailed discussion of the associated risks.
Investing involves risk, including loss of principal. There is a risk that because the fund’s environmental, social, and governance (ESG) criteria may exclude securities of certain issuers for nonfinancial reasons, the fund may forgo some market opportunities available to funds that do not use these criteria. Foreign investments, including ADRs, 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. Risks of foreign investing are generally intensified for investments in emerging markets.
Investors should carefully consider the investment objectives, risks, and charges and expenses of the fund before investing. The prospectus contains this and other information about the fund, and it should be read carefully before investing. Investors may obtain a copy of the prospectus by calling 800.950.6868 or by visiting reyndersmcveighfunds.com. Reynders, McVeigh Core Equity Fund is distributed by Ultimus Fund Distributors, LLC. Reynders, McVeigh and Ultimus Fund Distributors, LLC are not affiliated.
Disclosure: Third-party sites are unaffiliated with the Reynders, McVeigh Core Equity Fund and the Fund’s Adviser (collectively, “we”). We are not responsible for the privacy or security policies or any of the third-party websites that we may link to. You should review the privacy and security practices of all such third-party websites. We do not endorse and are not responsible for any third-party material on our social media channels, such as ads, content, products, opinions, advice, recommendations or any other material contained on third-party sites.
Any information provided on this page has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy, and is not a complete summary or statement of all available data. The provision of links and any associated language is for informational purposes and should not be construed as recommendations to buy or sell securities mentioned, investments advice, or research reports.
Portfolio holdings may change over time. Current and future portfolio holdings are subject to risk. Any reference to a particular security is made on an objective basis for illustrative purposes and does not represent all of the securities purchased, sold or recommended. It should not be assumed that investments in the securities has been or will be profitable.
Any views expressed are those of the authors as of the date referenced and are subject to change at any time based on market or other conditions. These views are not intended to be a forecast of future events or a guarantee of future results. These views may not be relied upon as investment advice. Past performance is not indicative of future results.
Sustainable Fund Manager Who Shunned Banks Beats His Peers
Chat Reynders, who runs Reynders McVeigh Capital Management, a $3.5 billion sustainable investment firm in Boston, said he’s long shunned banks after judging that they’re generally incentivized to tolerate risks that other industries don’t take…
The thoughts and opinions expressed in the article are solely those of the author as of March 20, 2023. The discussion of individual companies should not be considered a recommendation of such companies by the Fund's investment adviser. The discussion is designed to provide a reader with an understanding of how the Fund's investment adviser manages the Fund's portfolio.
Investors should carefully consider the investment objectives, risks, and charges and expenses of the fund before investing. The prospectus contains this and other information about the fund, and it should be read carefully before investing. Investors may obtain a copy of the prospectus by calling 800.950.6868 or by visiting reyndersmcveighfunds.com.
ESGEX performance as of 3/31/23: 1-Year, -8.36%; 3-Year, 18.49%; Since Inception (3/29/2019), 12.75%.
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investors may obtain performance data current to the most recent month-end by calling 800.950.6868.
The fund’s gross expense ratio is 1.23% and net expense ratio is 0.95%. The Fund’s adviser has contractually agreed to waive its management fee and/or reimburse expenses so that total annual operating expenses for the Fund (excluding (i) interest; (ii) taxes; (iii) brokerage fees and commissions; (iv) other extraordinary expenses not incurred in the ordinary course of the Fund’s business; (v) dividend expense on short sales; and (vi) indirect expenses such as acquired fund fees and expenses) do not exceed 0.95% of the average daily net assets of the Fund through May 31, 2024.
The MSCI World Net Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets.
The iShares ESG Aware MSCI USA ETF seeks to track the investment results of an index composed of U.S. companies that have positive environmental, social and governance characteristics as identified by the index provider while exhibiting risk and return characteristics similar to those of the parent index.
The KBW Bank Index is designed to track the performance of the leading banks and thrifts that are publicly-traded in the U.S. The Index includes 24 banking stocks representing the large U.S. national money centers, regional banks and thrift institutions.
Investment Risks: Investing involves risk, including loss of principal. There is a risk that because the fund’s environmental, social, and governance (ESG) criteria may exclude securities of certain issuers for nonfinancial reasons, the fund may forgo some market opportunities available to funds that do not use these criteria. Foreign investments, including ADRs, 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. Risks of foreign investing are generally intensified for investments in emerging markets.
Disclosure: Third-party sites are unaffiliated with the Reynders, McVeigh Core Equity Fund and the Fund’s Adviser (collectively, “we”). We are not responsible for the privacy or security policies or any of the third-party websites that we may link to. You should review the privacy and security practices of all such third-party websites. We do not endorse and are not responsible for any third-party material on our social media channels, such as ads, content, products, opinions, advice, recommendations or any other material contained on third-party sites.
Any information provided on this page has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy, and is not a complete summary or statement of all available data. The provision of links and any associated language is for informational purposes and should not be construed as recommendations to buy or sell securities mentioned, investments advice, or research reports.
Portfolio holdings may change over time. Current and future portfolio holdings are subject to risk. Any reference to a particular security is made on an objective basis for illustrative purposes and does not represent all of the securities purchased, sold or recommended. It should not be assumed that investments in the securities has been or will be profitable.
Any views expressed are those of the authors as of the date referenced and are subject to change at any time based on market or other conditions. These views are not intended to be a forecast of future events or a guarantee of future results. These views may not be relied upon as investment advice. Past performance is not indicative of future results.
Investors should carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund, and it should be read carefully before investing. Investors may also obtain a copy of the prospectus by calling 800.950.6868.
Reynders, McVeigh Mutual Funds
Distributed by Ultimus Fund Distributors, LLC 17004717-UFD-06132023