News &
Thematic Insights

A core part of our mission at Cornerstone Capital Group is to help broaden investors’ awareness of how their assets can be put to work addressing the issues they care about most. The materials on this page define the current investment themes of the Cornerstone Capital Access Impact Fund and will offer news and insights related to those themes over time.

 

Circular Economy

Investing in Access to the Circular Economy

Investing in Access to the Circular Economy from Cornerstone Capital Group on Vimeo.

The Access Impact Fund seeks to invest in the Circular Economy by focusing on, among other things*:

  • Recycling technology (electronics, textiles, plastics, etc.)
  • Wastewater treatment and repurposing technology
  • Efficient reusable consumer packaging and recyclable packaging
  • “Recommerce” – companies that are involved in reselling existing products

Circular Economy is an emerging theme, one that is just beginning to gain traction within the investment community. We see interest in Circular Economy solutions as growing over time.

The term “circular economy” means an economy that is designed to be restorative and regenerative, one where items are refurbished, reused, and recycled to reduce or eliminate waste generation. According to the Ellen MacArthur Foundation, whose mission is to accelerate the transition to a circular economy, the key principles of a circular economy are “designing out waste and pollution, keeping products and materials in use, and regenerating natural systems.”

The two UN SDGs most closely aligned with the Circular Economy theme are SDG 11: Sustainable Cities and Communities and SDG 12: Responsible Consumption and Production. Secondary SDGs aligning with this theme include SDG 13: Climate Action; SDG 14: Life Below Water; and SDG 15: Life on Land.

* These are examples of the types of investments the fund might make and do not necessarily reflect current fund holdings.

You should carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund, and it should be read carefully before investing. You may obtain a copy of the prospectus by calling 800.986.6187. The Fund is distributed by Ultimus Fund Distributors, LLC. Cornerstone Capital Group is the adviser to the Fund. The U.N. Sustainable Development Goals (SDGs) are a collection of 17 global goals set by the United Nations General Assembly in 2015 for the year 2030. 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.

Climate and Clean Energy

Investing in Access to Climate and Clean Energy

Investing in Access to Climate and Clean Energy from Cornerstone Capital Group on Vimeo.

The Access Impact Fund invests to address Climate and Clean Energy through a focus on, among other things*:

  • Renewable energy infrastructure such as solar and wind farms
  • Innovations in battery storage and alternative energy sources
  • Investments to expand access to clean water and supplies of clean water

The planet is in a race against time – literally – as we inch closer to the point after which climate change transforms into climate catastrophe. While climate impacts are already reshaping coastlines and disrupting economies, swifter adoption of clean energy can still help mitigate against the worst-case scenarios.

Investing in access to sustainable and clean energy is obviously connected to SDG 7: Affordable and Clean Energy as well as SDG 13: Climate Action. It is also critical to the achievement of SDG 8: Decent Work and Economic Growth, SDG 9: Industry, Innovation and Infrastructure, SDG 11: Sustainable Cities and Communities, and SDG 12: Responsible Consumption and Production. Oh, and SDGs 14 and 15: Life Below Water and Life on Land. Accelerating the conversion to clean, renewable energy is essential to our future.

* These are examples of the types of investments the fund might make and do not necessarily reflect current fund holdings.

You should carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund, and it should be read carefully before investing. You may obtain a copy of the prospectus by calling 800.986.6187. The Fund is distributed by Ultimus Fund Distributors, LLC. Cornerstone Capital Group is the adviser to the Fund. The U.N. Sustainable Development Goals (SDGs) are a collection of 17 global goals set by the United Nations General Assembly in 2015 for the year 2030. 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.

Data Driven Solutions

Investing in Access to Data Driven Solutions

Investing in Access to Data Driven Solutions from Cornerstone Capital Group on Vimeo.

The Access Impact Fund seeks to address Data Driven Solutions by focusing on, among other things*:

  • AI
  • Big data
  • Internet commerce that reduces the need to generate carbon emissions typically produced through brick and mortar commerce
  • Education technology
  • Financial services technology

Technology has emerged as a driving force for change in society, allowing people to become more connected to each other, to improve their access to resources such as education and financial services, and to facilitate access to goods and services while reducing the environmental footprint required to procure these. Big data and artificial intelligence (AI) are also transforming the information available to society, which is increasing transparency and facilitating transactions.

The UN SDG that most directly maps to this theme is SDG 9: Industry, Innovation, and Infrastructure. We see it as a mid-stage investment theme that continues to evolve as technology develops. In other words, while data driven solutions are not a new area of focus for investors, the rapid pace of technological innovation means that opportunities continuously evolve.

* These are examples of the types of investments the fund might make and do not necessarily reflect current fund holdings.

You should carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund, and it should be read carefully before investing. You may obtain a copy of the prospectus by calling 800.986.6187. The Fund is distributed by Ultimus Fund Distributors, LLC. Cornerstone Capital Group is the adviser to the Fund. The U.N. Sustainable Development Goals (SDGs) are a collection of 17 global goals set by the United Nations General Assembly in 2015 for the year 2030. 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.

Health, Wellness & Education

Investing in Access to Health, Wellness & Education

Investing in Access to Health, Wellness & Education from Cornerstone Capital Group on Vimeo.

The Access Impact Fund invests to address health, wellness and education through a focus on, among other things*:

  • Health care technology, including biotechnology
  • Innovations in health care delivery, such as wearable devices, telemedicine and robotics
  • Educational technologies that incorporate artificial intelligence and cognitive science, online educational tools and services, and “edutainment” geared toward engaging children.

Health, Wellness & Education is a broad investment theme, but one that is central to the achievement of a number of the UN Sustainable Development Goals. Chief among these, of course, are SDG 3: Good Health and Well-Being, and SDG 4: Quality Education. Less obvious but no less compelling is the role played by this theme in furthering SDG 5: Gender Equality and SDG 8: Decent Work and Economic Growth. For instance, access to reproductive health care services empowers women to plan for their futures; access to quality education directly influences a region’s ability to innovate and thereby its ability to generate good jobs; while access to health care is key to supporting a stable and productive workforce.

* These are examples of the types of investments the fund might make and do not necessarily reflect current fund holdings.

You should carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund, and it should be read carefully before investing. You may obtain a copy of the prospectus by calling 800.986.6187. The Fund is distributed by Ultimus Fund Distributors, LLC. Cornerstone Capital Group is the adviser to the Fund. The U.N. Sustainable Development Goals (SDGs) are a collection of 17 global goals set by the United Nations General Assembly in 2015 for the year 2030. 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.

Innovation and Economic Opportunity

Investing in Access to Innovation and Economic Opportunity

Investing in Access to Innovation and Economic Opportunity from Cornerstone Capital Group on Vimeo.

The Access Impact Fund invests to address Innovation and Economic Opportunity through a focus on, among other things*:

  • Financial inclusion such as alternative banking solutions and fintech
  • Job training and skill development among employed populations
  • Technological development that pushes innovation within a society (IT, communications technology, etc.)

Innovation and Economic Opportunity focuses on the ability of a society to foster prosperity for all citizens by developing opportunities for fair job creation and economic stability. This theme touches several of the UN SDGs, including SDG 1: No Poverty; SDG 8: Decent Work and Economic Growth; SDG 9: Industry, Innovation, and Infrastructure; and SDG 16: Peace, Justice, and Strong Institutions. Together these SDGs, and this Access Impact Fund theme, reflect the belief that a stable and prosperous economy encourages a more peaceful and just society.

* These are examples of the types of investments the fund might make and do not necessarily reflect current fund holdings.

You should carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund, and it should be read carefully before investing. You may obtain a copy of the prospectus by calling 800.986.6187. The Fund is distributed by Ultimus Fund Distributors, LLC. Cornerstone Capital Group is the adviser to the Fund. The U.N. Sustainable Development Goals (SDGs) are a collection of 17 global goals set by the United Nations General Assembly in 2015 for the year 2030. 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.

Reduced Inequality and Social Justice

Investing in Access to Reduced Inequality and Social Justice

Investing in Access to Reduced Inequality and Social Justice from Cornerstone Capital Group on Vimeo.

The Access Impact Fund seeks to address Reduced Inequality and Social Justice by focusing on, among other things*:

  • Companies that encourage diversity (gender, ethnic, and sexual orientation) across the organization
  • Affordable housing providers
  • Providers of quality education
  • Clean water and sanitation providers

The investment theme of Reduced Inequality and Social Justice focuses on the goal of developing a more just society for all individuals by encouraging diversity of thought and enabling access to the tools necessary to achieve social equity. This theme tackles issues such as affordable housing, clean water, education, and quality jobs.

The UN SDGs that this theme maps to most directly are SDG 5: Gender Equality and SDG 10: Reduced Inequalities. However, from an “access” perspective, this theme also maps to SDG 4: Quality Education; SDG 6: Clean Water and Sanitation; SDG 7: Affordable and Clean Energy; and SDG 8: Decent Work and Economic Growth.

* These are examples of the types of investments the fund might make and do not necessarily reflect current fund holdings.

You should carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund, and it should be read carefully before investing. You may obtain a copy of the prospectus by calling 800.986.6187. The Fund is distributed by Ultimus Fund Distributors, LLC. Cornerstone Capital Group is the adviser to the Fund. The U.N. Sustainable Development Goals (SDGs) are a collection of 17 global goals set by the United Nations General Assembly in 2015 for the year 2030. 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.

Circular Economy

Circular Economy Adoption: What Will It Take?

Collaboration and innovation. To achieve a circular economy, companies, communities and organizations need to collaborate and rethink how they do things. For example, a food or consumer product company may need to work with its packaging supplier to minimize waste from spoilage or single-use packaging. Companies engaging in package and product design must consider recycling as part of their supply chain. Product designers need to be familiar with relevant recycling technologies to understand what type of product recycling can work effectively and profitably. Designing waste out of the manufacturing process must be cost effective and positive for the profit margins of companies.

Consumer behavior. Consumers are becoming increasingly aware of the impact of their choices. For example, wardrobe rental has become a lucrative business model, as has high-end reselliing of clothing. Nonetheless, it is important to meet consumers’ expectation for convenience. It’s not clear whether U.S. consumers will give up the convenience of single-use plastic containers and bags, although a number of municipalities have banned single-use plastics or Styrofoam. The solution may lie in creating biodegradable versions of such products.

Government policy has a critical role to play as well – for example, as more municipalities ban single-use plastics, business consumers such as restaurants and supermarkets will increasingly seek alternatives, creating demand for companies to produce more sustainable packaging.

Regulations regarding food expiration dates are an obvious area to reconsider: These labels are often misunderstood by consumers to mean food is no longer edible, when they actually reflect the manufacturer’s optimal quality standards (or desire to generate fresh revenue, for the cynical). Clarifying these labels and encouraging food retailers to better manage expiring products would help reduce food waste.

Recycling Recycling technology and collection systems need improvement. Better technology might incentivize better collection and recycling by consumer food and product companies.

Focused investment. Investors can drive change as well. There are a small but growing number of investment vehicles that focus on the circular economy, and others that focus on “best in class” companies across sectors – many of which are implementing circular design or logistics into their operations.

Circular Economy Examples

The need to redesign products and systems reaches across multiple sectors of the economy. Industries that create a lot of waste and would benefit most from a circular approach include apparel, food, consumer packaged goods, packaging (for food, ecommerce and otherwise), chemicals (plastics), and electronics. The water sector must also be considered, since so many manufacturing processes result in wastewater and pollution. The examples below illustrate what some companies are doing to incorporate circular economy principles into their business models.

Industry Circular Solution
Food Retailing Improve systems, sales and packaging to reduce food waste and quickly sell products approaching expiration.
Consumer Packaged Foods Phase out single-use plastics and replace with biodegradable and reusable packaging
Electronics Partner with retailers to collect old devices and recycle old components for use in new products
Apparel Collaborate with textile and recycling partners to resell, repair or recycle used or unsold apparel
Chemicals/Bioplastics Manufacture plant-based polymers instead of using petroleum for the production of plastic
Auto Industry Recycle more than 95% of components from end-of-life vehicles; world’s largest recycler of cars and trucks
Apparel and Textiles Transform old athletic shoes into material used for playground surfaces
Water Management Solve critical wastewater challenges by offering wastewater treatment and resource recovery

You should carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund, and it should be read carefully before investing. You may obtain a copy of the prospectus by calling 800.986.6187. The Fund is distributed by Ultimus Fund Distributors, LLC. Cornerstone Capital Group is the adviser to the Fund. 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. 9109225-UFD-10/29/2019

Impact Investing Basics

Defining CCIIX’s Fossil Fuel Free, Tobacco and Weapons Criteria

The Cornerstone Capital Access Impact Fund is fossil fuel free, tobacco free, and does not invest in controversial weapons or small firearms for civilians. What does this mean?

Fossil fuel free excludes companies that earn more than 10% of their revenues from arctic oil and gas exploration and extraction, oil and gas production and oil and gas supporting products, oil sands extraction, thermal coal extraction and thermal coal power generation, and shale energy extraction.

Tobacco free excludes companies that earn more than 10% of their revenues from the production of tobacco and related products and services, and from the retail of tobacco related products.

Controversial weapons include landmines, cluster munitions, and tailor made and essential components of these weapons. Small firearms for civilians include assault weapons, non-assault weapons, and key components of firearms. The screen also excludes companies that earn more than 10% of their revenues from retailing or distributing small firearms for civilians.

You should carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund, and it should be read carefully before investing. You may obtain a copy of the prospectus by calling 800.986.6187. The Fund is distributed by Ultimus Fund Distributors, LLC. Cornerstone Capital Group is the adviser to the Fund. 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. 9109225-UFD-10/29/2019

Impact Investing Basics

Why Invest for Impact?

A growing number of investors wish to integrate their investing activities with the values that inform the rest of their lives or their organizational missions. They want to invest in ways that pay heed to both their financial priorities and their commitment to environmental or social issues. Some investors believe that doing so will grant them a financial edge in the marketplace. Others wish to influence the direction of the economy because they see their own futures as inexorably linked to the future health and prosperity of the world.

Why is this trend becoming more mainstream now? Increasing demand for impact-oriented investments is being driven by a “perfect storm” of factors. The global financial crisis of 2007-08, the Deepwater Horizon disaster and other events have made investors increasingly conscious of the systemic risks facing their portfolios. Beyond financial instability and the risk of industrial accidents, these risks include climate change, globalization, and inequality. Also, technology is driving greater transparency and accountability for companies, even as more of their value is tied to intangible factors that are becoming harder to measure through traditional financial analysis.

Impact-focused investing strategies and financial performance. Traditionally, the mainstream financial world has claimed that strategies with an Environmental, Social and Governance (ESG) focus would underperform their more traditional counterparts. However, experience and research have shown that these investments have offered offer competitive returns. Recently, evidence has emerged that attention to ESG concerns may help both investors and companies mitigate risk and, in some cases, boost performance. Of course, investors may differ in the societal values that they bring to the market, just as they have differing risk tolerance and time horizons. Numerous strategies have evolved to help investors integrate their values into their investment portfolios. The best-known strategy, screening (positive or negative), remains important, but investors seeking social impact may also choose strategies such as active ownership, ESG integration or thematic investing.

You should carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund, and it should be read carefully before investing. You may obtain a copy of the prospectus by calling 800.986.6187. The Fund is distributed by Ultimus Fund Distributors, LLC. Cornerstone Capital Group is the adviser to the Fund. 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. 9109225-UFD-10/29/2019

Impact Investing Basics

Understanding the Language of Impact

There are numerous labels used to describe investing activities that incorporate environmental, social and governance factors alongside financial metrics with the intention of achieving long-term financial outperformance as well as positive societal impact. Cornerstone Capital Group does not distinguish between “impact investing,” “ESG investing,” and “sustainable investing.” We believe these terms reflect the same motivations and strategies. Indeed, we consider this mindful method of investing to be “radically practical.” However, because these labels do mean different things to different people, we provide these clarifying definitions.

Impact is defined as the societal and ecosystem change resulting from investment decisions. Because these changes are the collective result of the actions of every investor, no one individual or institution controls these ultimate results; but each investor contributes to their achievement.

At Cornerstone Capital Group, our overarching impact objective is sustainability, which we define as “the relentless pursuit of material progress towards a more regenerative and inclusive society.” We believe that companies and investors with a long-term perspective on value creation will pursue strategies consistent with this idea of sustainability.

Environmental, social, and governance (ESG) practices describe the actions investors and companies take to achieve progress towards sustainability. Although environmental, social and governance are often bundled together, they are different. From a corporate perspective:

Governance is the set of internal policies and management structures that establish the relationship among corporate stakeholders and define the objectives of the company. Governance policies establish mechanisms for oversight, incentives and culture that drive business operations and strategy.

Environmental and Social policies refer specifically to the policies intended to manage a company’s impact on society as well as how it measures and reports on its engagement with these issues.

From an investor’s perspective, ESG is an analytical discipline – a framework for assessing the potential outcomes and impact of an investment.

In conducting our own ESG analysis, we focus on materiality – the ESG issues that are most relevant to both social and financial performance of a company or industry over the long term.

You should carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund, and it should be read carefully before investing. You may obtain a copy of the prospectus by calling 800.986.6187. The Fund is distributed by Ultimus Fund Distributors, LLC. Cornerstone Capital Group is the adviser to the Fund. 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. 9109225-UFD-10/29/2019

Impact Investing Basics

Investment Strategies Designed for Impact

Investors employ a wide variety of strategies in seeking positive impact, with diverse objectives and approaches that can be incorporated into most styles and asset classes.

“Best in class” investing: Often called “positive screening,” this strategy invests in, or overweights, the top environmental, social and governance (ESG) performers within each sector, with the intent to direct capital towards beneficial business strategies. Some managers combine “best in class” analysis with more traditional financial analysis in the hopes of identifying companies that will outperform in the long term. Best in class investing is typically associated with public equities but can be applied to fixed income as well.

Advocacy/engagement: Shareholder advocacy, sometimes called shareholder engagement, is the use of the shareholder’s ownership stake in a company to effect positive change in corporate policy and practice. Shareholders engage with corporate management in direct dialogue over corporate practices that may not be aligned with shareholder values or long-term performance. Some of the tools of shareholder advocacy include proxy voting, shareholder proposals, and public statements or signed letters by multiple investors on a single sector or issue. This strategy is best known as part of a public equities strategy but can also be employed in fixed income and is particularly powerful in real estate, real assets and private equity, where investors may have substantial influence because they own large stakes.

ESG integration: ESG integration entails the consideration of non-traditional but material issues alongside traditional financial analysis with the goal of improving investment performance. Typically, managers identify those issues they consider “material” for the investment performance of a company or sector, then incorporate these issues into their analysis along with more traditional financial criteria. ESG integration can be used across public equity, fixed income, and alternative investments, including private equity, real estate, real assets and others.

Screening or divestment: Many investors choose not to invest in activities that violate their core values. “Negative screens” are criteria that exclude from portfolios companies that engage in activities investors consider misaligned with their core principles or organizational missions. Screens can be used in all asset classes but are most common in equity and fixed-income strategies.

Thematic investing: Investors can direct capital to funds that are dedicated to addressing a specific issue. Examples include renewable energy funds, gender lens investments, certified timberland or green bonds. Thematic investments are narrow in scope but may have a significant impact on the relevant issue. Thematic investments can be found in any asset class.

Community development and microfinance: Investors may deploy capital, sometimes at below-market rates, to financial intermediaries that serve local communities directly. Community Development Financial Institutions (CDFIs) provide a variety of financial services within local communities in the US and developing countries, including business and housing loans, insurance, savings vehicles and other services. This type of investing is considered fixed income or alternative, depending on the type of investment.

It is common for asset managers to employ more than one of the approaches above in a single investment strategy. Before allocating capital to an investment strategy, it is important for investors to understand how a manager is applying ESG criteria, how it is likely to impact the portfolio, and how those approaches align with a manager’s experience and capabilities.

You should carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund, and it should be read carefully before investing. You may obtain a copy of the prospectus by calling 800.986.6187. The Fund is distributed by Ultimus Fund Distributors, LLC. Cornerstone Capital Group is the adviser to the Fund. 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. 9109225-UFD-10/29/2019

Fund News

Erika Karp, Cornerstone’s founder, was recently interviewed by Bloomberg...

Erika Karp, Cornerstone’s founder, was recently interviewed by Bloomberg about the launch of the Cornerstone Capital Access Impact Fund. Read more here.

By clicking the link above, you will be redirected to a website maintained by a third party.

You should carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing. The prospectus contains this and other information about the Fund, and it should be read carefully before investing. You may obtain a copy of the prospectus by calling 800.986.6187.

The Fund is distributed by Ultimus Fund Distributors, LLC. Ultimus Fund Distributors, LLC. is not affiliated with the firms referenced in the Bloomberg article.

The Fund’s gross expense ratio is 2.47%. 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.

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Investing in the Circular Economy.

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A core part of Cornerstone Capital Group’s mission is to build and support the field of sustainable and impact investing. In addition to the articles posted here, you may wish to explore our thought leadership further at cornerstonecapinc.com.

 

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