Funds Group: Highmore

    Management Company:    Highmore Group Advisors, LLC; Sub-adviser:  SFE Investment Counsel Inc.

    Affected Funds: Highmore Sustainable All-Cap Equity Fund

    Principal Sustainable Investment Strategy: Exclusions; ESG Integration

    The fund invests in equity securities of companies of any market capitalization with sustainable business practices and good corporate citizenship according to socially responsible investing (SRI) and environmental, social and corporate governance (ESG) criteria established by the fund’s sub-advisor.

    After applying a bottom-up fundamental analysis, the sub-advisor then applies a combination of exclusionary screening, inclusionary screening, and targeted impact (i.e., discretionary) screening in order to select appropriate investments for the fund according to the sub-advisor’s ESG and SRI criteria. According to the sub-advisor, such criteria is generally demonstrated through sustainable business practices and good corporate citizenship including, but not limited to: attempts to alleviate environmental issues (e.g., air, water, or soil pollution); addressing of needs within the healthcare sector; improvements in mass communications; and positive treatment of stakeholders.