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We believe that a company’s commitment to implementing ESG principles create a distinct competitive advantage and builds long-term value. Trillium’s robust, fully integrated investment process uses a propriety ESG scoring methodology, coupled with a time-tested fundamental approach, to identify compelling investment opportunities and competitive risk adjusted returns. The firm’s dedicated shareholder advocacy team is at the intersection of investment management and impact, engaging with companies to align values with investment objectives.

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Trillium believes that integrating environmental, social, and governance factors into the financial analysis process can help identify the best companies positioned to deliver long-term risk adjusted performance. It is fundamental to our mission and fiduciary responsibility to engage with the companies that we hold on behalf of clients to press for positive change on any material ESG concern or opportunity that we believe will help protect or enhance shareholder value.

Shareholder Advocacy: Engaging with Companies for Positive Impact

For over 40 years, Trillium has exercised its rights and powers as a shareholder to improve the ESG policies, practices and—most importantly—impacts of the companies held in our portfolios.

As investors and fiduciaries to our clients, we believe it is our responsibility to encourage the companies we invest in to do better, to be more sustainable, and to be more just. We pursue this work not only because we believe it is the right thing to do, but also because we believe it contributes to a company’s long-term performance.

Dedicated to Sustainable and Responsible Investing

Trillium Asset Management offers investment strategies and services that advance humankind towards a global sustainable economy, a just society, and a better world. For nearly 40 years, the firm has been at the forefront of ESG thought leadership and draws from decades of experience focused exclusively on responsible investing. Devoted to aligning stakeholders’ values and objectives, Trillium combines impactful investment solutions with active ownership. The firm delivers equity, fixed income, and alternative investments to institutions, intermediaries, high net worth individuals, and other charitable and non-profit organizations with the goal to provide positive impact, long-term value, and ‘social dividends’.

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ESG Global conviction

Strategies >Equity Strategies >ESG Global Conviction

ESG Global Conviction is an unconstrained, concentrated, benchmark-agnostic strategy that invests in companies across market-cap spectrums and geographies.

Overview

Portfolio

Performance

Impact

Documents

Strategy Overview

ESG Global Conviction is an unconstrained, concentrated, benchmark-agnostic strategy that invests in companies across market-cap spectrums and geographies that meet the team’s investment and ESG criteria.

Investment Process

ESG Global Conviction applies a long-term, fundamental, bottom-up investment process seeking high-quality companies across market caps and the globe with underappreciated secular growth. The strategy actively seeks to mitigate ESG risks and benefit from ESG opportunities through robust research and active shareholder engagement, applying ESG principals consistently throughout the investment process. The team invests in companies that they believe exhibit six key characteristics: an attractive end market, long-term competitive advantage, high-quality earnings, proven leadership, resiliency, and integrity in acting in the shareholders’ interests.

Contact Information

Tom Simunovic

ESG Investment Strategy Specialist and Relationship Manager

tsimunovic@trilliuminvest.com 617-532-6673

Portfolio Managers

Ian Warmerdam, BSC MSC, ASIP

Lead Portfolio Manager

Bio >

Jamie Mariani, CFA

Portfolio Manager

Bio >

Benchmark

MSCI ACWI

Inception Date

2021

Strategy Assets*

$6.1m

Holdings

25-40

% Top 10 Holdings

48.1%

Maximum Position Size

10%

Maximum Region Size

70%

Maximum Single Sector

40%

Maximum Cash Position

10%

* Strategy Assets are supplemental

Portfolio

Equity Characteristics

as of 9/30/23

ESG Global conviction

MSCI ACWI

Number of Stocks

2,947

Active Share

87%

Historic 3-yr Sales Growth

17.1%

7.8%

Historic 3-yr EPS Growth

20.2%

19.0%

Average Operating Profit Margin

19.2%

13.5%

Return on Equity

19.5%

15.1%

Net Debt/EBITDA (x)

1.4

1.8

Debt/Equity

87%

131%

PEFY2 (x)

26.7

17.2

Characteristics are provided as additional information. A GIPS compliant presentation is upon request.

Sector Allocations

as of 9/30/23

ESG Global conviction

Healthcare

22.3%

Consumer Discretionary

20.7%

Information Tech.

20.0%

Financials

16.9%

Comm. Svcs.

8.2%

Industrials

6.6%

Cash

4.0%

Real Estate

1.3%

Consumer Staples

0.0%

Materials

0.0%

Utilities

0.0%

Energy

0.0%

Sector Allocation, Equity Characteristics and Top Holdings based on a representative account as of /3/2

Country Allocation

as of 9/30/23

ESG global conviction

MSCI ACWI

United States

52.0%

60.2%

United Kingdom

21.1%

4.0%

Uruguay

6.1%

0.1%

Ireland

6.0%

1.4%

India

4.7%

1.7%

Taiwan

4.2%

1.6%

Japan

1.1%

5.5%

Performance

As of 9/30/23

QTD

YTD

1-year

3-year

5-year

10-year

Inception
(7/1/2021)

Gross of Fees

-2.8%

13.6%

23.5%

-2.5%

Net of Fees

+3.0%

13.0%

22.7%

-3.1%

MSCI ACWI NR

-3.4%

10.0%

20.8%

-2.3%

MSCI ACWI Growth NR

-4.9%

18.2%

24.4%

-4.8%

Annualized time-weighted returns for ESG Global Conviction composite through 9/30/2023. Time periods less than one year are not annualized. The ESG Global Conviction Composite was created on October 13, 2021 and has an inception date of July 1, 2021. Composite Assets are $4.9 million as of 9/30/2023. Past performance is no guarantee of future results. Every investment carries the potential for profit and loss. IMPORTANT: Please see important performance disclosures below.

Environmental Impact & Analysis

Impact Report

Documents

GIPS COMPLIANT PERFORMANCE COMING SOON

Factsheet

Quarterly Commentary

Brochure

Additional Information

For Advisors For Institutions For Private Clients

Trillium Asset Management, LLC (Trillium) claims compliance with the Global Investment Performance Standards (GIPS®). Trillium is an investment advisor registered with the Securities and Exchange Commission under the Investment Advisors act of 1940. For the purposes of establishing and maintaining compliance with the GIPS standards, the firm has elected to define itself exclusive of wrap fee assets under management historically until 10/1/2013. Effective 10/1/2013 the firm has redefined itself to include wrap-fee assets under management. Previously, the firm included only institutional and high net worth accounts. The firm was redefined to include the wrap-fee business to reflect all business lines managed by the organization.

The ESG Global Conviction Composite was created on October 13, 2021 and has an inception date of July 1, 2021, and includes all discretionary portfolios managed in the ESG Global Conviction style. The U.S. Dollar is the currency used to express valuations and performance.

Trillium Global Conviction strategy seeks to provide competitive long-term returns by investing in primarily high quality companies with under-appreciated secular growth across the market cap spectrum. Time-weighted returns are presented for all periods net of trading costs and both net and gross of management fees, includes the reinvestment of all income, and is vested and calculated on a trade date basis. Net-of-fee performance is calculated by utilizing gross-of-fee performance reduced by .65% annually, applied on a monthly basis. Individual performance will vary from that of the composite.

Lists, descriptions, and GIPS compliant presentations are available upon request for all Trillium performance composites.

The MSCI Indices are widely recognized, unmanaged indices of common stock. The MSCI ACWI is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The MSCI ACWI consists of 44 country indices comprising 23 developed and 21 emerging market country indices. It is not possible to invest directly in an index. Returns reported reflect the net total return index, which reinvests dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

Past performance is no guarantee of future results. Every investment carries the potential for both profit and loss. The strategy’s ESG policy could cause it to make or avoid investments that could result in the strategy underperforming similar strategies that do not have an ESG policy.

Investments in smaller and medium companies generally carry greater risk than is customarily associated with larger companies for various reasons, such as narrower markets, limited financial resources and less liquid stock. Investing in foreign securities is riskier than investing in domestic securities.

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ESG Global conviction

ESG Global Conviction is an unconstrained, concentrated, benchmark-agnostic strategy that invests in companies across market-cap spectrums and geographies.

Overview

Portfolio

Performance

Impact

Documents