About This Strategy - [Return to Top]
Assets Under Management (AUM): $45.2M (in US$ millions)
Required Minimum: $500,000
Benchmark used: 67% ML 1-10 Muni/33% ML 1-10 Gov't & Corp A-AAA
Strategy type: Bond (Fixed Income)
Strategy description: SNW's Blend Strategy is an actively managed strategy that provides clients with broad exposure to the investment grade bond market. The strategy is appropriate for investors in a mid-level federal tax bracket or for those who reside in a state with no income tax. Sectors represented include Tax-Free and Taxable Municipals, Corporates, Treasuries, Gov't Agencies and Gov't Mortgage Backed Securities. The strategy seeks to opportunistically take advantage of after-tax yield and relative value amongst various sectors. The Intermediate Duration Strategy exhibits moderate sensitivity to changes in interest rate. It has a weighted average portfolio duration of 3.5-4.5 years with individual bond maturities no greater than 12 years. SNW offers a General Impact Overlay which is a broad spectrum approach to impact investing, where assets are allocated to any available investment opportunity with impact potential. This includes impact opportunities related to the environment, education, housing, healthcare, social improvement, energy efficiency and infrastructure improvements, among other options. The composite was created on January 1, 2014.
Strategy web link: External Link
About The Company - [Return to Top]
SNW Asset Management
Approach to Sustainable & Responsible Investment: Since 2002, SNW Asset Management has focused exclusively on providing our clients with investment grade fixed income portfolios that are customized, tax efficient and cost effective. Our investment approach is based on a collaborative team environment, which is rooted in fundamental and quantitative research and is focused on performing at the highest level. Our clients’ needs are at the center of it all. We have a dedicated team in place to ensure that we exceed all expectations. Impact investing is the intentional allocation of capital to investment opportunities that generate measurable positive social or environmental impacts as well as financial returns. Asset classes vary in the degree to which they have impact, with more direct (and typically riskier) investment opportunities often yielding the highest level of impact. Investment grade fixed income impact investments allow investors the opportunity to align their mission with their investments, and to balance risk with an impact return.
Total AUM in SRI: $254.3M (in US$ millions)
Research conducted: Both internally and externally
Researcher name: Glen Yelton
Specific Screening Information by Category - [Return to Top]
- Climate / Clean Technology: Positive Investment - All issuers are evaluated on multiple relevant environmental indicators to identify those with the most positive environmental profile. These include metrics related to climate change. In addition, producers or end users or clean tech solutions are rated more highly.
- Pollution / Toxics: Restricted/Exclusionary Investment - All issuers are evaluated on multiple relevant pollutant/toxin indicators to avoid those that have significant exposure to such issues.
- Other Environmental: Positive Investment - All issuers are evaluated on multiple relevant environmental indicators to identify those with the most positive environmental profile.
- Community Development: Positive Investment - Issuers with positive community development impacts are rated more highly.
- Diversity & Equal Employment Opportunity: Positive Investment - Issuers with more diverse leadership teams, particularly in the context of gender, are rated more highly.
- Human Rights: Positive Investment - Issuers with more positive human rights records and policies are rated more highly.
- Labor Relations: No Screens
- Sudan: Restricted/Exclusionary Investment - Corporate issuers of debt with non-humanitarian operations in the Republic of Sudan are not eligible for inclusion in the strategy.
- Board Issues: Positive Investment - Issuers are rated more positively if they have more independent directors, a separate Chairman/CEO, independent audit and nominating committees, lower average tenure, and a board structure that is declassified.
- Executive Pay: No Screens
- Alcohol: No Screens
- Animal Welfare: No Screens
- Defense/Weapons: No Screens
- Gambling: No Screens
- Tobacco: No Screens
- Other/Qualitative: Ratings of issuers include sector specific quantitative and qualitative metrics that are not outlined above. These may include metrics such as graduation rates, job creation, health outcomes, and other similar and relevant metrics.
- Shareholder Engagement - Private Dialogue: Conducted with companies on environmental, social or governance issues