The Equity Fund

AIF EQUITY FUND- MONTHLY FACT SHEETS

April 2020                              March 2020                             May 2019  

May 2020                               February 2020                        April 2019

June 2020                               January 2020                          March 2019

July 2020                                December 2019                      February 2019

August 2020                          November 2019                      January 2019

September 2020                   October 2019                          December 2018

October 2020                        September 2019                     November 2018

November 2020                    August 2019                            October 2018

December 2020                     July 2019                                 September 2018

                                                June 2019                                August 2018

                                                                                                  July 2018

 

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INVESTMENT STRATEGY

 

The Equity Fund’s objective is to make superior quality long-term value investments, using both individual stocks and sector ETFs, while considering Environmental, Social, and Governance (ESG) factors. The overall benchmark used in the Fund’s performance evaluation is the State Street SPDR S&P500 Exchange Traded Fund (SPY). Benchmarks used for individual sectors are the corresponding sector SPDR.

Each sector is initially weighted in the portfolio based on their weighting in the SPY and are then adjusted to reflect current market conditions. Investment opportunities are researched by individual sector teams and then presented to all Security Analysts and Portfolio Managers in the Fund. Security Analysts and Portfolio Managers then vote on each investment opportunity, with a majority of votes needed to undertake the investment.

While the Fund allows for the purchase of foreign equities, the Fund remains heavily weighted in domestic assets. At times, the Fund will use options as a method to control risk. Option use is limited to covered call and protective put strategies. Options are used only to control risk and the underlying security must be held in the Fund.

 

ESG EMPHASIS
(Environmental, Social, and Governance analysis)

Sustainability has become an important consideration in how the Fund operates. The Fund is looking to include an ESG tilt on its investment strategy and start to focus on how ESG will affect the returns of companies. With the increasing popularity of socially responsible investing strategies, the AIF sees value and potential in evaluating a company’s corporate responsibility.

The Fund is utilizing possible methods for implementing ways to evaluate companies on these criteria, such as ESG scores and ratings, and qualitative analysis of a company’s sustainability. For ESG metrics, students run reports from Sustainalytics and MSCI on each company they present for potential investment to address issues surrounding ESG. Furthermore, AIF has an ESG committee which consists of 5 students each semester who do in-depth research on ESG and present to the class to advance expertise on ESG trends.

 

 

ALL GRAPHS AND TABLES, AS OF NOVEMBER 30th, 2020