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Separate Account Managers in Sustainable and Responsible Investing

Strategy Profile:
Breckinridge Intermediate Tax-Efficient Sustainable Strategy Download as PDF for Printing PDF Download

Jump to: About This Strategy | About The Company | Specific Screening Information by Category


About This Strategy - [Return to Top]

Assets Under Management (AUM): $1635M (in US$ millions)

Required Minimum: $500,000

Benchmark used: Bloomberg Barclays Muni 1-10 Yr Municipal Blend

Strategy type: Bond (Fixed Income)

Strategy description: Breckinridge's Intermediate Sustainable Tax-Efficient Strategy is an investment-grade, intermediate duration municipal bond portfolio that seeks to preserve capital and maximize after-tax income, while emphasizing environmental, social and governance (ESG) performance. Guided by proprietary ESG research, the strategy selectively invests in municipal issuers with above-average ESG profiles and/or bonds that fund essential environmental, social or economic development projects. Allocations to taxable municipal, corporate, Treasury and agency bonds may also be considered based on a client's tax rate. In addition, values-based customizations are also available.

Strategy web link: External Link

 

About The Company - [Return to Top]

Institution Name:
Breckinridge Capital Advisors, Inc.

Approach to Sustainable & Responsible Investment: Breckinridge Capital Advisors is a Boston-based investment advisor specializing in the management of high-quality fixed income portfolios for institutions and private clients. Working through a network of investment consultants and advisors, Breckinridge offers municipal, corporate, government and sustainable bond strategies in customized separate accounts. At Breckinridge sustainability is an integral part of our business and investment approach. We strive to provide the highest caliber of fixed income management, facilitating a sustainable flow of capital from long-term investors to responsible municipal and corporate borrowers. As fixed-income investors, we are forward-thinkers. We seek to assess the reliability of future cash flows and identify future risks. We maintain a long-term focus and view our investments as medium- to long-term commitments. We believe it is our obligation as investors to lead and encourage a shift in focus within the investment community from short-term performance to long-term investing. Long-term investing favors enterprises that are operating in a sustainable manner today with an eye to material issues that may affect their performance in the future. We believe a shift to long-term investing is best achieved by moving beyond traditional financial analysis to a comprehensive assessment of both financial and non-financial environmental, social and governance (ESG) performance.

Total AUM in SRI: $$2,600M as of 6/30/17M (in US$ millions)

Research conducted: Internally

Researcher name: Breckinridge Credit Research

Contact info:
125 High Street, Suite 431
Boston, Massachusetts 02110
United States
Phone: 617-443-0779
Fax: 617-443-0778
Email: cr@breckinridge.com
Web: http://www.breckinridge.com (Opens in a new window)

 

Specific Screening Information by Category - [Return to Top]

Environment

  • Climate / Clean Technology: Positive Investment
  • Pollution / Toxics: Combination of Positive and Restricted/Exclusionary Strategies
  • Other Environmental: Combination of Positive and Restricted/Exclusionary Strategies

Social

  • Community Development: Positive Investment
  • Diversity & Equal Employment Opportunity: Combination of Positive and Restricted/Exclusionary Strategies
  • Human Rights: Combination of Positive and Restricted/Exclusionary Strategies
  • Labor Relations: Combination of Positive and Restricted/Exclusionary Strategies
  • Sudan: No Investment

Governance

  • Board Issues: Combination of Positive and Restricted/Exclusionary Strategies
  • Executive Pay: Combination of Positive and Restricted/Exclusionary Strategies

Products

  • Alcohol: Restricted/Exclusionary Investment
  • Animal Welfare: No Investment
  • Defense/Weapons: Restricted/Exclusionary Investment
  • Gambling: Restricted/Exclusionary Investment
  • Tobacco: No Investment

Other

  • Other/Qualitative: Our strategies indentify and invest in bonds that strengthen education, expand public transportation, promote jobs, produce clean energy, conserve water resources, improve healthcare and support communities. Additionally, as a customized separate account manager, we are able to apply positive and negative screens to align with client values and missions.
  • Shareholder Engagement - Private Dialogue: Conducted with companies on environmental, social or governance issues

 

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