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Trending ETFs

Name

As of 03/27/2024

Price

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

$29.35

$795 M

0.15%

$0.04

0.98%

Vitals

YTD Return

7.2%

1 yr return

24.0%

3 Yr Avg Return

6.3%

5 Yr Avg Return

10.3%

Net Assets

$795 M

Holdings in Top 10

27.3%

52 WEEK LOW AND HIGH

$29.2
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 03/27/2024

Price

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

$29.35

$795 M

0.15%

$0.04

0.98%

SSIAX - Profile

Distributions

  • YTD Total Return 7.2%
  • 3 Yr Annualized Total Return 6.3%
  • 5 Yr Annualized Total Return 10.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.01%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    1919 Socially Responsive Balanced Fund
  • Fund Family Name
    1919 Funds
  • Inception Date
    Nov 03, 2014
  • Shares Outstanding
    9052176
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ronald Bates

Fund Description

The Socially Responsive Fund invests in a mix of common stocks and other 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 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.
Socially responsive factors are not the exclusive considerations in investment decisions but companies that are not, in the view of the portfolio managers, satisfying the above factors -- 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 factors described above, but such a decision may also be based on the Adviser’s fundamental equity and fixed income research process.
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SSIAX - Performance

Return Ranking - Trailing

Period SSIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% -0.9% 26.1% 9.37%
1 Yr 24.0% -5.9% 45.8% 3.36%
3 Yr 6.3%* -5.8% 8.6% 7.42%
5 Yr 10.3%* -4.1% 15.9% 4.59%
10 Yr N/A* 0.7% 10.9% 16.56%

* Annualized

Return Ranking - Calendar

Period SSIAX Return Category Return Low Category Return High Rank in Category (%)
2023 19.0% -12.2% 23.9% 3.51%
2022 -20.2% -34.7% 2.8% 67.81%
2021 16.8% -11.9% 18.1% 0.74%
2020 20.1% -20.9% 39.7% 2.16%
2019 23.9% 0.8% 25.7% 0.64%

Total Return Ranking - Trailing

Period SSIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% -0.9% 26.1% 9.37%
1 Yr 24.0% -5.9% 45.8% 3.36%
3 Yr 6.3%* -5.8% 8.6% 7.42%
5 Yr 10.3%* -4.1% 15.9% 4.59%
10 Yr N/A* 0.7% 10.9% 29.65%

* Annualized

Total Return Ranking - Calendar

Period SSIAX Return Category Return Low Category Return High Rank in Category (%)
2023 19.7% -12.2% 26.8% 5.62%
2022 -20.0% -29.0% 10.9% 96.30%
2021 17.3% -3.0% 24.2% 9.00%
2020 20.6% -19.5% 40.6% 4.79%
2019 24.7% 4.4% 32.7% 3.34%

NAV & Total Return History


SSIAX - Holdings

Concentration Analysis

SSIAX Category Low Category High SSIAX % Rank
Net Assets 795 M 733 K 195 B 59.09%
Number of Holdings 209 2 15716 35.09%
Net Assets in Top 10 207 M 618 K 62.8 B 62.00%
Weighting of Top 10 27.35% 11.4% 118.9% 76.28%

Top 10 Holdings

  1. Microsoft Corp 4.73%
  2. Apple Inc 4.21%
  3. Alphabet Inc 3.19%
  4. Fidelity Government Portfolio 3.10%
  5. Amazon.com Inc 2.56%
  6. Eli Lilly Co 2.06%
  7. Broadcom Inc 2.01%
  8. NVIDIA Corp 1.88%
  9. Eaton Corp PLC 1.81%
  10. Palo Alto Networks Inc 1.80%

Asset Allocation

Weighting Return Low Return High SSIAX % Rank
Stocks
67.44% 0.00% 103.09% 50.62%
Bonds
29.10% 0.00% 77.27% 36.89%
Cash
3.23% -10.21% 100.00% 30.79%
Convertible Bonds
0.85% 0.00% 23.84% 30.87%
Other
0.23% -41.62% 117.44% 27.74%
Preferred Stocks
0.00% 0.00% 23.88% 58.11%

Stock Sector Breakdown

Weighting Return Low Return High SSIAX % Rank
Technology
24.91% 0.00% 44.21% 10.92%
Healthcare
17.98% 0.00% 29.35% 7.98%
Financial Services
15.57% 0.00% 38.77% 36.13%
Industrials
8.70% 0.00% 24.37% 77.73%
Consumer Cyclical
8.61% 0.00% 19.36% 69.19%
Communication Services
8.33% 0.00% 38.10% 29.27%
Consumer Defense
8.02% 0.00% 15.14% 22.83%
Real Estate
4.64% 0.00% 65.01% 31.37%
Utilities
2.46% 0.00% 99.55% 67.23%
Basic Materials
0.79% 0.00% 33.35% 94.26%
Energy
0.00% 0.00% 85.65% 97.06%

Stock Geographic Breakdown

Weighting Return Low Return High SSIAX % Rank
US
67.44% 0.00% 103.09% 47.71%
Non US
0.00% 0.00% 38.68% 59.64%

Bond Sector Breakdown

Weighting Return Low Return High SSIAX % Rank
Corporate
53.96% 0.00% 98.21% 17.32%
Government
27.48% 0.00% 97.26% 56.28%
Securitized
3.41% 0.00% 92.13% 80.87%
Cash & Equivalents
3.10% 0.00% 100.00% 31.62%
Derivative
0.00% -3.07% 46.02% 50.35%
Municipal
0.00% 0.00% 24.80% 79.05%

Bond Geographic Breakdown

Weighting Return Low Return High SSIAX % Rank
US
29.10% 0.00% 77.27% 36.34%
Non US
0.00% 0.00% 14.17% 52.01%

SSIAX - Expenses

Operational Fees

SSIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.03% 17.63% 51.72%
Management Fee 0.58% 0.00% 1.83% 68.73%
12b-1 Fee 0.25% 0.00% 1.00% 33.26%
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% 17.39%
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% 0.00% 343.00% 7.70%

SSIAX - Distributions

Dividend Yield Analysis

SSIAX Category Low Category High SSIAX % Rank
Dividend Yield 0.15% 0.00% 15.61% 93.66%

Dividend Distribution Analysis

SSIAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Annual

Net Income Ratio Analysis

SSIAX Category Low Category High SSIAX % Rank
Net Income Ratio -0.01% -2.34% 19.41% 92.52%

Capital Gain Distribution Analysis

SSIAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

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 6.33 2.41