Liquid Access
to Global Impact

About the Access Impact Fund

At Cornerstone Capital Group, we understand that more investors are seeking to achieve both competitive financial returns and targeted social and environmental goals. We also know that it’s challenging to identify the right investment solutions. We need solutions that combine return potential, risk management, global reach, and impact…all in a liquid, low minimum and accessible structure. Moreover, in a market where more and more funds are labeled as “impact,” “ESG”, "SRI" or “Sustainable”, we know that investors need a vehicle that is constructed with rigorous vetting designed to ensure that investments truly incorporate the highest standards for analyzing critical environmental, social and governance practices.

We believe that the Cornerstone Capital Access Impact Fund is that solution.

To check the background of Ultimus Fund Distributors, LLC, the Fund’s distributor, visit FINRA’s BrokerCheck.

  • Introducing the Access Impact Fund

    Cornerstone Capital Group's Founder and CEO, Erika Karp, discusses the genesis of the Access Impact Fund and what it's intended to deliver to investors.

  • The State of Impact Investing

    Founder and CEO Erika Karp demystifies impact investing in this brief video outlining Cornerstone Capital Group’s investment philosophy.

Fund Facts

TARGETED ALLOCATION PROFILE

CCIIX GLOBAL IMPACT ALLOCATION PRIORITIES

Water
Investing in sustainable solutions to address water scarcity
FinTech
Financial technology investments to encourage access and equality for all
Environmental & Economic
Solutions
Innovative solutions to core environmental and economic risks
Global Sustainable Growth
Promoting sustainable business practices

CCIIX is fossil fuel free, tobacco free, and does not invest in controversial weapons or small firearms for civilians.

FUND DETAILS

Ticker
CCIIX
CUSIP
14064D618
Inception Date
11/13/2019
Total Net Assets
$4,805,715
Geographic Exposure
Global
Market Cap Target Allocation
All
Benchmark
MSCI All Country World Index
Fund Objective
Long Term Capital Appreciation
Fund Strategy
Long Only Equities
Fund Structure
Cornerstone Capital acts as fund manager, selecting highly experienced subadvisors to invest in thematic portfolios
Minimum Investment
$1,000
Subsequent Purchases
$100

Expense ratio: Cornerstone Capital Group maintains a contractual agreement effective through 12.31.2022 to cap the gross expense ratio of 2.47% at a net 1.35%.

Performance & Fund Materials

NET ASSET VALUE

Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Investors may obtain month-end performance by calling (800) 986-6187.

Portfolio Managers

Erika Karp
 
Jennifer Leonard, CFA
Erika Karp
 
Jennifer Leonard, CFA

Erika Karp

Founder and CEO
Cornerstone Capital Group

 

Erika KarpErika Karp is Founder and CEO of Cornerstone Capital Inc. Cornerstone was created to catalyze the flow of capital toward a more regenerative and inclusive global economy. The firm seeks to optimize investment performance together with social impact through rigorous research that systematically integrates Environmental, Social and Governance (ESG) factors into portfolio design. In seeking positive societal impact at scale, Cornerstone offers investment advisory and capital markets advisory services, underpinned by rigorous research.

Prior to launching Cornerstone, Erika was Managing Director and Head of Global Sector Research at UBS Investment Bank, where she chaired the UBS Global Investment Review Committee and managed a global team of analysts and strategists. Erika served on the UBS Securities Research Executive Committee and the Environmental and Human Rights Committee of the UBS Group Executive Board.

Erika is a founding Board member of the Sustainability Accounting Standards Board (SASB), a member of CECP’s Strategic Investor Initiative Advisory Council, and an advisor to the Omidyar Network’s Know the Chain initiative. She served as an advisor to the Clinton Global Initiative (CGI) Market-Based Approaches initiative, a member of the World Economic Forum (WEF) Global Agenda Council on Financing and Capital, and as a member of the Program Design Advisory Council for Harvard Business School’s Executive Education Program on Innovating for Sustainability. Erika speaks at events including those of the OECD, the UN Global Compact and PRI, Oxford University, The Forum for Sustainable and Responsible Investing, Ceres, The Aspen Institute, and the White House. She holds an MBA in Finance from Columbia University and a BS in Economics from the Wharton School.

Erika presents and writes extensively on topics including: sustainable investing and finance, corporate strategy and business models, transparency and excellence in the areas of Environmental, Social and Governance performance, and employee engagement/diversity in the workplace. Her work has been featured by Bloomberg Businessweek, Barron’s, Euromoney, the Financial Times, Investor Relations Magazine, The Guardian, and Forbes. For driving collaboration across the capital markets, she has been named among the nation’s “Top 50 Women in Wealth” by AdvisorOne; one of the “Purpose Economy 100,” the “Good 100” and one of 50 “Conscious Capitalists” who are “Transforming Wall Street.”

Jennifer Leonard, CFA

Executive Director
Asset Manager Due Diligence

 

Erika KarpJennifer Leonard is Executive Director, Asset Manager Due Diligence at Cornerstone Capital Group. In a career spanning microfinance, institutional financial services and impact investing, Jennifer has developed a unique skill-set in working to deploy capital for social and financial returns. Previously, she was vice president of impact investing at The CAPROCK Group, where she co-led the firm’s impact practice and helped clients build customized, impact-mandated portfolios. From 2009-13, she was a Latin America equity research analyst at Morgan Stanley following the telecommunications, media and technology sectors. Prior to that, she launched the initial version of a microfinance equity fund at Women’s World Banking. From 2005-07, Jennifer served as CFO of SKS Microfinance, one of the largest microfinance institutions in India. She began her business career at Merrill Lynch in equity research focused on the US Wireline Telecom Services sector.

Jennifer holds an MBA in Finance from the Wharton School at the University of Pennsylvania, an MA in International Studies from the Lauder Institute at the University of Pennsylvania, and a BA in Economics (Magna Cum Laude) from Boston University. She is a CFA charterholder and a former American India Foundation William J. Clinton Fellow.

Impact Approach

Access

The Fund allocates to select impact investment strategies
that often require
high minimum investments,
broadening access to impact

Oversight

Cornerstone applies its impact expertise to curate the Fund, targeting 4-10 strategies

Diversification

The Fund is designed to avoid single-manager risk and to maintain the agility to adapt to emerging issues and opportunities

Global Impact

The Fund is intended to serve as a complement to any diversified portfolio construction

How We Invest for Impact

Number 1

Cornerstone’s in-house research process identifies a universe of target managers across a range of global thematic impact areas that Cornerstone prioritizes for the Fund based on extensive research and thought leadership. To further its analysis, the team carefully evaluates each strategy considering fully the UN Sustainable Development Goals (SDGs).

 
Number 2

Cornerstone applies a variety of risk analysis techniques to evaluate the identified target managers to ensure the impact efficacy of each potential opportunity.

 
Number 3

Cornerstone further differentiates its target manager roster by focusing on those that have demonstrated the ability to select companies that can grow earnings at above-average rates over several years, while simultaneously making a meaningful impact. This will include both thematic and diversified solutions from around the globe.

 
Number 4

Managers that satisfy all Cornerstone criteria are then considered as portfolio subadvisors to the Fund. Careful evaluation of their intended role, diversification, correlation with other managers within the Fund, current market trends and risk/return expectations will ultimately define their percentage allocation.

 
Number 5

Market conditions and impact opportunities can change rapidly. Cornerstone carefully monitors each manager and the overall portfolio construct to ensure that necessary adjustments are made at the manager and portfolio levels.

 

Access Impact Fund Themes

The Cornerstone Capital Access Impact Fund allocates assets to a series of global impact themes including:

Health, Wellness, and Education impact investing icon

Health, Wellness & Education

Climate & Clean Energy impact investing icon

Climate & Clean Energy

Innovation & Economic Opportunity impact investing icon

Innovation & Economic Opportunity

Reduced Inequality & Social Justice impact investing icon

Reduced Inequality & Social Justice

Data Driven Solutions impact investing icon

Data Driven Solutions

Circular Economy impact investing icon

Circular Economy

In selecting these key themes, we focus on access to products and services that seek to advance the UN SDGs.

About the UN SDGs

The United Nations Sustainable Development Goals serve as a shared blueprint for peace and prosperity, now and into the future.

The UN Sustainable Development Goals (SDGs) are a collection of 17 global goals set by the UN General Assembly in 2015. They are further refined by 230 indicators and 163 targets that shape actions taken to achieve the goals.

The SDGs address a wide array of global challenges, ranging from poverty and hunger to environmental degradation and climate change. They serve as a call to action for governments, civil society, international organizations and the private sector to align their activities to generate social, environmental and economic change.

All of the SDGs and related targets and indicators have in common the theme of “access” — which Cornerstone defines as the ability of individuals and societies to achieve desired social, economic and environmental outcomes.

We illustrate the interconnected nature of the SDGs and their common access "themes" in a series of SDG Briefs. Click on an SDG icon to download the relevant brief.

U.N. Sustainable Development Goals
Goal 1: No Poverty
Goal 2: Zero Hunger
Goal 3: Good Health and Well-Being
Goal 4: Quality Education
Goal 5: Gender Equality
Goal 6: Clean Water and Sanitation
Goal 7: Affordable and Clean Energy
Goal 8: Decent Work and Economic Growth
Goal 9: Industry, Innovation, and Infrastructure
Goal 10: Reduced Inequalities
Goal 11: Sustainable Cities and Communities
Goal 12: Responsible Consumption and Production
Goal 13: Climate Action
Goal 14: Life Below Water
Goal 15: Life on Land
Goal 16: Peace, Justice and Strong Institutions
Goal 17: Partnerships

At Cornerstone, we believe that all investments have impact.

Make that impact positive while sacrificing nothing...
except indifference.

About Cornerstone Capital Group

Cornerstone Capital Group advises clients who want their investments to contribute to a more sustainable and inclusive world. We develop and manage custom investment strategies designed to achieve targeted societal impact without sacrificing financial performance. Our approach is distinguished by the depth and rigor of our manager due diligence, and by the integration of our thematic research work throughout the process.

Many dedicated impact investment strategies require high minimum investments, putting them out of reach for most people who would like to invest in ways that achieve positive societal impact. We created the Cornerstone Capital Access Impact Fund to broaden the opportunities for investors to gain access to impact.

Socially conscious investing expertise icon

Wall Street Expertise Dedicated to Impact

Social impact investing research icon

Rigorous Research Guided by
Cornerstone’s Impact Philosophy

Diversified impact investment portfolio icon

Diversified Portfolio Construction with
Thematic Tilt

Liquid access to normally high-minimum strategies icon

Liquid Access to Normally High-Minimum Strategies

Capital Appreciation Icon

Targeting Long-Term
Capital Appreciation

 

Investing involves risk, including loss of principal. Applying ESG and sustainability criteria to the investment process may exclude securities of certain issuers for both investment and non-investment reasons and therefore the Fund may forgo some market opportunities available to funds that do not use ESG or sustainability criteria. Securities of companies with certain focused ESG practices may shift into and out of favor depending on market and economic conditions, and the Fund’s performance may at times be better or worse than the performance of funds that do not use ESG or sustainability criteria. Investments in foreign securities involve risks that may be different from those of U.S. securities. Foreign securities are subject to individual country risk, less favorable reporting and disclosure risks, currency exchange risk, greater volatility, and potential for higher liquidity risk than U.S. - registered securities. Diversification does not ensure a profit or guarantee against loss.

Invest

Contact your advisor or broker to purchase shares of The Cornerstone Capital Access Impact Fund. If you wish to buy the Access Impact Fund and it is not currently available for purchase through your advisor or broker, please following the instructions below.

You can open an account and purchase shares directly through Cornerstone by filling out the appropriate Fund Application form. Please see below for forms and account application instructions. Questions? Call us at 800-986-6187.

Once you have completed the application, please mail it along with supporting documentation (if indicated) to:

Cornerstone Capital Access Impact Fund
c/o Ultimus Fund Solutions, LLC
P.O. Box 46707
Cincinnati, OH 45246

Cornerstone Capital Access Impact Fund
c/o Ultimus Fund Solutions, LLC
225 Pictoria Drive, Suite 450
Cincinnati, OH 45246