Fund
SSIAX
Price as of:
$32.02
- $0.11
- 0.34%
Primary Theme
fund company
Name
As of 01/31/2025Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
1.6%
1 yr return
14.5%
3 Yr Avg Return
6.5%
5 Yr Avg Return
9.2%
Net Assets
$795 M
Holdings in Top 10
31.1%
52 WEEK LOW AND HIGH
$32.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.98%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 9.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 01/31/2025Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
SSIAX - Profile
Distributions
- YTD Total Return 1.6%
- 3 Yr Annualized Total Return 6.5%
- 5 Yr Annualized Total Return 9.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.01%
- Dividend Yield 0.6%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal Name1919 Socially Responsive Balanced Fund
-
Fund Family Name1919 Funds
-
Inception DateNov 03, 2014
-
Shares Outstanding9052176
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRonald Bates
Fund Description
The Socially Responsive Fund invests in a mix of common stocks and other equity securities, including preferred equity securities, of U.S. companies of any market capitalization and fixed income securities which are primarily investment grade and may be of any maturity and any duration. Under normal circumstances, the Socially Responsive Fund will maintain at least 65% of the value of its assets in equity securities and at least 25% of the value of its assets in fixed income securities. Fixed income securities include asset- and mortgage-backed securities. The Socially Responsive Fund may invest up to 25% (and generally less than 15%) in foreign securities, including those of issuers in emerging market countries. The Socially Responsive Fund emphasizes companies that offer both attractive investment opportunities and demonstrate an awareness of their impact on the society in which they operate.
The Socially Responsive Fund invests in a broad range of companies, industries and sectors, without regard to market capitalization. The portfolio managers use a fundamental approach to selecting equity securities. In selecting individual equity securities, the portfolio managers look for companies they believe are undervalued. Specifically, the portfolio managers look for attractive risk-adjusted price/earnings ratio, relative to growth, positive earnings trends and favorable financial condition. In selecting fixed income investments, the portfolio managers determine sector and maturity weightings based on intermediate- and long-term assessments of the economic environment and interest rate outlook, use fundamental analysis to determine the relative value of bond issues and seek to identify undervalued bonds and attempt to avoid bonds that may be subject to credit downgrades.
The portfolio managers consider whether, relative to other companies in an industry, a company that meets these investment criteria is also sensitive to environmental and social issues related to its products, services, or methods of doing business.
Socially responsive factors considered are:
•Fair and reasonable employment practices, with due consideration of a diverse workforce
•Contributions to the general well-being of the citizens of its host communities and countries and respect for human rights
•Efforts and strategies to minimize the negative impact of business activities and to preserve the earth’s ecological heritage with those environmental policies, practices and procedures that are currently acceptable, or are exhibiting improvement
•Exposure to fossil fuel real assets including oil, gas and coal
•Avoidance of investments in companies that:
•Manufacture nuclear weapons or other weapons of mass destruction
•Derive more than 5% of their revenue from the production and sale of non-nuclear weaponry
•Derive more than 5% of their revenue from the production or sales of tobacco
The portfolio managers perform their own independent review of issuers based on the above factors and every investment the Fund makes is reviewed against these factors (excluding securities issued by the U.S. Government or its agencies). In conducting this review, portfolio managers will seek to understand the business profile of an issuer and to identify any concerns relating to the above factors relative to established industry norms. This review is a fundamental, qualitative analysis based on third-party data, publicly available information and issuer disclosures and is not based on any pre-established quantitative screens with respect to any particular data.
With respect to “fair and reasonable employment practices,” the portfolio managers will assess whether a company has public labor relations issues, such as lawsuits, workplace accidents, or union-related disputes. In considering a company’s “contribution to the general well-being of citizens,” the portfolio managers assess whether a company has existing conflicts or controversies with the communities or citizens thereof in which it operates. Similarly, in assessing whether a company’s business activities have a “negative impact,” the portfolio managers review whether a company has had disclosed or public controversies or conflicts with respect to its local environment.
The Fund also assesses control of or exposure to fossil fuel real assets by evaluating a company’s ownership interest in oil, gas, and/or coal assets and to what degree the company’s business is dependent on the extraction, transportation, processing, and/or distribution of oil, gas, and/or coal. In making these assessments, the portfolio managers may review sources of revenue, capital expense, planned and implemented investments, company strategic direction or other relevant factors. Control of or exposure to fossil fuel real assets is the degree to which a company’s business is dependent on the aforementioned interests.
Socially responsive factors are not the exclusive considerations in investment decisions; investment decisions will also be based on the Adviser’s fundamental equity and fixed income research process. However, companies that are not, in the view of the portfolio managers, satisfying the socially responsive factors listed above -- or making efforts to satisfy the above factors -- consistent with applicable industry norms will not be purchased. These portfolio restrictions are based on the belief that a company will benefit from being socially responsive by enabling it to better position itself in developing business opportunities while avoiding liabilities that may be incurred when a product or service is determined to have a negative social impact.
The portfolio managers will use their best efforts to assess a company’s environmental and social performance. This means that there is no guarantee that the Adviser’s research process will uncover material factors that a company fails to disclose. This analysis will be based on a company’s present activities, and will not preclude securities solely because of past activities. The portfolio managers will monitor the related progress or deterioration of each company in which the Socially Responsive Fund invests. The Adviser will sell a portfolio security that no longer meets the socially responsive factors described above, but such a decision may also be based on the Adviser’s fundamental equity and fixed income research process.
SSIAX - Performance
Return Ranking - Trailing
| Period | SSIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.6% | -0.7% | 6.8% | 82.38% |
| 1 Yr | 14.5% | 0.3% | 82.1% | 17.91% |
| 3 Yr | 6.5%* | -3.9% | 27.9% | 16.32% |
| 5 Yr | 9.2%* | -4.0% | 22.0% | 7.28% |
| 10 Yr | 9.0%* | 0.9% | 14.2% | 4.35% |
* Annualized
Return Ranking - Calendar
| Period | SSIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 15.1% | -23.4% | 70.5% | 1.47% |
| 2023 | 19.0% | -12.2% | 23.9% | 2.80% |
| 2022 | -20.2% | -34.7% | 2.8% | 69.87% |
| 2021 | 16.8% | -11.9% | 18.1% | 0.77% |
| 2020 | 20.1% | -20.9% | 39.7% | 2.27% |
Total Return Ranking - Trailing
| Period | SSIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.6% | -0.7% | 6.8% | 82.38% |
| 1 Yr | 14.5% | 0.3% | 82.1% | 17.91% |
| 3 Yr | 6.5%* | -3.9% | 27.9% | 16.32% |
| 5 Yr | 9.2%* | -4.0% | 22.0% | 7.28% |
| 10 Yr | 9.0%* | 0.9% | 14.2% | 4.35% |
* Annualized
Total Return Ranking - Calendar
| Period | SSIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 15.8% | -0.9% | 72.2% | 7.18% |
| 2023 | 19.7% | -12.2% | 26.8% | 5.01% |
| 2022 | -20.0% | -29.0% | 10.9% | 96.40% |
| 2021 | 17.3% | -3.0% | 27.3% | 8.81% |
| 2020 | 20.6% | -19.5% | 40.6% | 3.88% |
NAV & Total Return History
SSIAX - Holdings
Concentration Analysis
| SSIAX | Category Low | Category High | SSIAX % Rank | |
|---|---|---|---|---|
| Net Assets | 795 M | 861 K | 235 B | 56.66% |
| Number of Holdings | 218 | 2 | 16143 | 34.37% |
| Net Assets in Top 10 | 275 M | 859 K | 66.9 B | 61.06% |
| Weighting of Top 10 | 31.06% | 10.8% | 124.0% | 70.94% |
Top 10 Holdings
- Microsoft Corp 4.46%
- NVIDIA Corp 4.41%
- Apple Inc 4.08%
- Fidelity Government Portfolio 4.01%
- Alphabet Inc 3.12%
- Amazon.com Inc 2.72%
- Eli Lilly Co 2.63%
- Cintas Corp 2.00%
- Broadcom Inc 1.82%
- Netflix Inc 1.81%
Asset Allocation
| Weighting | Return Low | Return High | SSIAX % Rank | |
|---|---|---|---|---|
| Stocks | 67.98% | 0.00% | 100.10% | 52.51% |
| Bonds | 28.00% | 0.00% | 77.71% | 37.46% |
| Cash | 4.01% | -7.92% | 100.00% | 28.32% |
| Convertible Bonds | 0.85% | 0.00% | 23.84% | 30.46% |
| Other | 0.06% | -44.02% | 113.97% | 35.40% |
| Preferred Stocks | 0.00% | 0.00% | 24.59% | 58.11% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SSIAX % Rank | |
|---|---|---|---|---|
| Technology | 24.91% | 0.00% | 44.21% | 9.99% |
| Healthcare | 17.98% | 0.00% | 29.35% | 8.20% |
| Financial Services | 15.57% | 0.00% | 38.77% | 35.62% |
| Industrials | 8.70% | 0.00% | 24.37% | 78.39% |
| Consumer Cyclical | 8.61% | 0.00% | 19.36% | 68.85% |
| Communication Services | 8.33% | 0.00% | 38.10% | 29.06% |
| Consumer Defense | 8.02% | 0.00% | 15.14% | 24.59% |
| Real Estate | 4.64% | 0.00% | 65.01% | 31.00% |
| Utilities | 2.46% | 0.00% | 99.55% | 67.51% |
| Basic Materials | 0.79% | 0.00% | 25.57% | 94.19% |
| Energy | 0.00% | 0.00% | 85.65% | 96.72% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SSIAX % Rank | |
|---|---|---|---|---|
| US | 67.98% | 0.00% | 100.10% | 49.56% |
| Non US | 0.00% | 0.00% | 42.80% | 60.47% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SSIAX % Rank | |
|---|---|---|---|---|
| Corporate | 53.96% | 0.00% | 98.21% | 17.38% |
| Government | 27.48% | 0.00% | 97.26% | 56.91% |
| Cash & Equivalents | 4.01% | 0.00% | 99.92% | 27.43% |
| Securitized | 3.41% | 0.00% | 92.13% | 81.72% |
| Derivative | 0.00% | -4.58% | 41.29% | 46.90% |
| Municipal | 0.00% | 0.00% | 24.80% | 79.64% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SSIAX % Rank | |
|---|---|---|---|---|
| US | 28.00% | 0.00% | 77.71% | 36.28% |
| Non US | 0.00% | 0.00% | 15.37% | 55.16% |
SSIAX - Expenses
Operational Fees
| SSIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.98% | 0.03% | 27.98% | 50.88% |
| Management Fee | 0.52% | 0.00% | 1.83% | 61.79% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 33.58% |
| Administrative Fee | N/A | 0.01% | 0.83% | 22.12% |
Sales Fees
| SSIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 2.25% | 5.75% | 19.09% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| SSIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| SSIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 9.00% | 0.83% | 343.00% | 7.89% |
SSIAX - Distributions
Dividend Yield Analysis
| SSIAX | Category Low | Category High | SSIAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.57% | 0.00% | 17.90% | 93.27% |
Dividend Distribution Analysis
| SSIAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| SSIAX | Category Low | Category High | SSIAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.01% | -2.34% | 13.92% | 92.34% |
Capital Gain Distribution Analysis
| SSIAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 10, 2024 | $0.046 | OrdinaryDividend |
| Sep 30, 2024 | $0.037 | OrdinaryDividend |
| Mar 28, 2024 | $0.060 | OrdinaryDividend |
| Dec 29, 2023 | $0.011 | OrdinaryDividend |
| Dec 08, 2023 | $0.007 | OrdinaryDividend |
| Sep 29, 2023 | $0.038 | OrdinaryDividend |
| Jun 30, 2023 | $0.033 | OrdinaryDividend |
| Mar 31, 2023 | $0.052 | OrdinaryDividend |
| Dec 09, 2022 | $0.017 | OrdinaryDividend |
| Sep 30, 2022 | $0.023 | OrdinaryDividend |
| Jun 30, 2022 | $0.014 | OrdinaryDividend |
| Dec 31, 2021 | $0.006 | OrdinaryDividend |
| Dec 03, 2021 | $0.103 | OrdinaryDividend |
| Mar 31, 2021 | $0.010 | OrdinaryDividend |
| Dec 04, 2020 | $0.004 | CapitalGainLongTerm |
| Sep 30, 2020 | $0.005 | OrdinaryDividend |
| Jun 30, 2020 | $0.010 | OrdinaryDividend |
| Mar 31, 2020 | $0.049 | OrdinaryDividend |
| Dec 05, 2019 | $0.006 | OrdinaryDividend |
| Dec 05, 2019 | $0.008 | CapitalGainShortTerm |
| Dec 05, 2019 | $0.018 | CapitalGainLongTerm |
| Sep 27, 2019 | $0.028 | OrdinaryDividend |
| Jun 28, 2019 | $0.027 | OrdinaryDividend |
| Mar 29, 2019 | $0.040 | OrdinaryDividend |
| Dec 06, 2018 | $0.028 | OrdinaryDividend |
| Dec 06, 2018 | $0.057 | CapitalGainShortTerm |
| Dec 06, 2018 | $1.016 | CapitalGainLongTerm |
| Sep 28, 2018 | $0.022 | OrdinaryDividend |
| Jun 29, 2018 | $0.022 | OrdinaryDividend |
| Mar 29, 2018 | $0.021 | OrdinaryDividend |
| Dec 06, 2017 | $0.014 | OrdinaryDividend |
| Dec 06, 2017 | $0.042 | CapitalGainShortTerm |
| Dec 06, 2017 | $0.970 | CapitalGainLongTerm |
| Sep 29, 2017 | $0.019 | OrdinaryDividend |
| Jun 30, 2017 | $0.034 | OrdinaryDividend |
| Mar 31, 2017 | $0.037 | OrdinaryDividend |
| Dec 28, 2016 | $0.023 | OrdinaryDividend |
| Dec 28, 2016 | $0.055 | CapitalGainShortTerm |
| Dec 28, 2016 | $1.051 | CapitalGainLongTerm |
| Sep 30, 2016 | $0.026 | OrdinaryDividend |
| Jun 30, 2016 | $0.027 | OrdinaryDividend |
| Mar 31, 2016 | $0.036 | OrdinaryDividend |
| Dec 28, 2015 | $0.024 | OrdinaryDividend |
| Dec 28, 2015 | $1.329 | CapitalGainLongTerm |
| Sep 30, 2015 | $0.033 | OrdinaryDividend |
| Jun 30, 2015 | $0.038 | OrdinaryDividend |
| Mar 31, 2015 | $0.031 | OrdinaryDividend |
| Dec 29, 2014 | $0.032 | OrdinaryDividend |
| Dec 29, 2014 | $0.107 | CapitalGainShortTerm |
| Dec 29, 2014 | $2.292 | CapitalGainLongTerm |
SSIAX - Fund Manager Analysis
Managers
Ronald Bates
Start Date
Tenure
Tenure Rank
Dec 28, 2006
15.43
15.4%
Ron is a Managing Director at 1919 Investment Counsel, LLC ("1919ic"), a member of the Executive Committee, Director of the Cincinnati office, and the head of the Socialy Responsive Investing Deaprtment. As a Portfolio Manager, his primary responsibility is overseeing portfolio construction and ongoing monitoring of portfolios for individuals, families, foundations, endowments, and institutional clients.
Aimee Eudy
Start Date
Tenure
Tenure Rank
May 21, 2012
10.03
10.0%
Aimee is a Principal and a Portfolio Manager at 1919 Investment Counsel, LLC. As a Portfolio Manager, her primary responsibility is overseeing portfolio construction and ongoing monitoring of a number of private and institutional clients. She also serves as a corporate credit analyst in the taxable fixed income market and is co-manager of both the 1919 Socially Responsive Balanced Fund and the 1919 Variable Socially Responsive Balanced Fund. Aimee is a member of the Fixed Income Committee, Global Total Return Committee and the Socially Responsive Investing Group.
Robert Huesman
Start Date
Tenure
Tenure Rank
Sep 01, 2020
1.75
1.8%
Robert is a Senior Investment Associate at 1919ic. His primary responsibility is to support the Socially Responsive Investment Strategies and work with Portfolio Managers on portfolio construction and ongoing portfolio monitoring.
Alison Bevilacqua
Start Date
Tenure
Tenure Rank
Sep 01, 2020
1.75
1.8%
Ms. Bevilacqua, a portfolio manager and principal at 1919ic, joined a predecessor of 1919ic in 1996. She specializes in corporate responsibility and ESG research.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 34.51 | 6.39 | 2.41 |