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Sustainable & Responsible Mutual Fund Chart

Fund Profile:
Miller/Howard Income-Equity Fund Adviser Class Shares Download as PDF for Printing PDF Download

Jump to: General Fund Information | Fund Institution Information | Account Minimums | Methodology | Proxy Voting Information | Specific Screening Information by Category | Performance Data


General Fund Information - [Return to Top]

Ticker: MHIDX

Assets under management (AUM): $85.16M (in US$ millions) - See other performance data below

General Fund Type: Equity Large Cap

Specific Sizes or Types of Investments: The Income-Equity Fund seeks to achieve its investment objective by investing primarily in a diversified portfolio of equity securities.

Financial Objective: Primary investment objection is to seek current income, and, secondarily, long-term total return.

Specific ESG Focus: Fund integrates rigorous, fundamental financial analysis with environmental, social and governance (“ESG”) analysis. The Advisor employs a multi-faceted strategy that includes screening, direct engagement with companies, and proxy voting.

To invest, call: 1-844-MHFUNDS

 


Institution Name:
Miller/Howard Investments, Inc.

Mutual Funds Description: Miller/Howard Investments Inc. was founded as an institutional research firm in 1984 and registered as an RIA on Dec. 5, 1986. The firm began managing technical/quantitative large-cap portfolios in 1987 using proprietary research, and the firm evolved to a focus on dividends and distribution-oriented strategies in 1991. As an equity investor with more than two decades of experience, Miller/Howard manages dividend-focused portfolios for major institutions and individuals. A key part of the integrated investment process, ensures that candidates for investment in our ESG-screened strategies do not violate our ESG policy. If a company is deemed ineligible for investment in an ESG strategy, no further action is taken. Rejection to a solid fail of a hard-negative screen is absolute.

Contact info:
10 Dixon Avenue
Woodstock, NY 12498
USA
Phone: 845.679.9166
Fax: 866.901.9071
Email: esg@mhinvest.com
Web: http://www.mhinvest.com (Opens in a new window)

 

Account Minimums - [Return to Top]

Minimum Account: $2,500

Minimum IRA: $500

 

Methodology - [Return to Top]

Screening Venue: In-house and outside

Screening Party: Miller/Howard Investments, Inc. ESG Team

Screening Database Used: Sustainalytics – Global Access

Screening Process: We use an integrated approach, combining financial analysis with research into companies ESG policies and practices. As our portfolio team identifies financially attractive opportunities, our ESG research team develops an ESG profile for the strongest candidates. A company must pass our ESG evaluation and/or be considered best-in-class by our team in order to be eligible for investment; however, the final decision takes into consideration both the financial and social profile of each candidate. The main factors we consider are a company’s governance and ethics; environmental record; workplace policies; human rights record, especially regarding international operations; and the nature of their products and services.

 

Proxy Voting Information - [Return to Top]

Proxy Voting Guidelines or Policies: Open external link in new window

Proxy Voting Records: Available to clients upon request.

 

Specific Screening Information by Category - [Return to Top]

Environment

  • Climate / Clean Technology: Positive Investment - We favor companies that are pro-active in pollution prevention and have implemented clean energy initiatives to reduce emissions of GHG emissions and other pollutants. We also consider internal management systems, environmental records, company reports, and a company's environmental performance in relation to peers. While no company is perfect, we look for companies that are working toward a sustainable future and reducing their carbon footprint.
  • Other Environmental: Combination of Positive and Restricted/Exclusionary Strategies - We favor companies that implement or create solutions to reduce their environmental impact. In our analysis, we consider a company's internal management systems, environmental records, company reports, and a company's environmental performance in relation to peers. As active investors, we are driven by a relational approach, working with companies to protect or improve shareholder value. We strive for ambitious yet mutually beneficial outcomes, and employ a multi-faceted strategy that includes screening, direct engagement with companies, filing shareholder resolutions, proxy voting, coalition building, and public policy involvement.

Social

  • Diversity & Equal Employment Opportunity: No Screens - Positive engagement.
  • Human Rights: Restricted/Exclusionary Investment - We favor companies that maintain a responsible corporate record internationally and domestically by upholding human rights standards. We avoid investing in companies that have serious and persistent human rights problems.
  • Sudan: No Screens - Positive engagement.

Governance

  • Board Issues: No Screens - Positive engagement.
  • Executive Pay: No Screens - Positive engagement.

Products

  • Alcohol: Restricted/Exclusionary Investment - Exclude companies whose primary business is the production of alcohol. Companies whose sales of such products are ancillary, such as restaurants, hotels, convenience stores, or other similar entities are not automatically excluded.
  • Defense/Weapons: Restricted/Exclusionary Investment - Exclude companies whose primary business is the production of firearms.
  • Gambling: Restricted/Exclusionary Investment - Exclude companies whose primary business is the production of gambling equipment. Companies whose sales of such products are ancillary, such as restaurants, hotels, convenience stores, or other similar entities are not automatically excluded.
  • Tobacco: Restricted/Exclusionary Investment - Exclude companies whose primary business is the production of tobacco. Companies whose sales of such products are ancillary, such as restaurants, hotels, convenience stores, or other similar entities are not automatically excluded.

Other

  • Other/Qualitative: We are driven by a relational approach, working with companies to protect or improve shareholder value. We strive for ambitious yet mutually beneficial outcomes, and employ a multi-faceted strategy that includes screening, direct engagement with companies, filing shareholder resolutions, proxy voting, coalition building, and public policy involvement.
  • Shareholder Engagement - Shareholder Resolutions: Filed or co-filed with companies on environmental, social or governance issues
  • Shareholder Engagement - Private Dialogue: Conducted with companies on environmental, social or governance issues
  • Description of Shareholder Engagement: Miller/Howard has engaged companies on environmental issues, human rights and board diversity.

Performance Data - [Return to Top]

Data provided by: Bloomberg logo - Information current as of March 31, 2017

Year-to-date rate of return: 4.04%

1-year rate of return: 13.96%

3-year rate of return: --

5-year rate of return: --

10-year rate of return: --

Previous year rate of return: 9.65%

Management fee: 0.75%

Expense ratio: 1.25%

Standard deviation: 6.59%

Benchmark used: -- | External link (Opens in a new window)

Disclaimer: Before you invest, you may want to review the Fund’s prospectus, which contains more information about the Fund and its risks. You can find the Fund’s Prospectus, Statement of Additional Information and other information about the Fund online at http://www.mhinvest.com/mhifunds/index.html.


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