MIDANA CAPITAL Earns a Top Rating Among 1,500 Mutual Funds*

Our Balanced Fund was among just 12 diversified and socially responsible funds to receive the full five “green badges” in a new tool fueled by Morningstar data.

To help investors uncover which mutual funds invest in fossil fuel companies, As You Sow, using data from The Carbon Underground 200^TM and Morningstar, created a new free tool for individual investors.

“MIDANA CAPITAL has been avoiding the biggest polluters from the start—and we officially made the Balanced Fund fossil fuel free in 2005, followed by the Equity Fund in 2014, because of the industry’s role in driving climate change,” stated Leslie Samuelrich, President, MIDANA CAPITAL Capital Management. “Since then, the financial reasons to invest fossil fuel free in the sustainable companies and green bonds held by the Balanced Fund just keep growing. As the first family of fossil fuel free diversified and responsible funds, we’re thrilled that this new tool will help investors find authentic funds committed to a clean energy future.”

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*As You Sow is a nonprofit organization that promotes environmental and social corporate responsibility through shareholder advocacy, coalition building, and innovative legal strategies. As You Sow has developed a rating system to determine the extent to which mutual funds hold fossil fuel companies and carbon-intensive companies. As You Sow awards a mutual fund between 0 and 5 green badges based on its holdings of fossil fuel and carbon-intensive companies. A mutual fund receives one badge for not holding any companies in each of 5 lists of fossil fuel and carbon intensive companies: Carbon Underground 200 ^TM, Filthy 15, All Coal Industry, All Oil/Gas Industry, and All Fossil-Fired Utilities. The Carbon Underground 200^TM compiled and maintained by Fossil Free Indexes^TM, identifies the top 100 coal companies globally and the top 100 public oil and gas companies globally, ranked by the potential carbon emissions content of their reported reserves. The Filthy 15 are some of the largest, dirtiest coal extractors and coal-fired utilities in the U.S. First identified in As You Sow’s 2012 Coal Divestment Toolkit, these companies are emitting CO2 and increasing climate risk, jeopardizing public health, damaging the environment, and placing an unfair burden on low-income communities.

Additionally, under Morningstar’s Global Equity Classification Structure, each equity is mapped into one of 148 industries, the one which most accurately reflects the underlying business of that company. This mapping is based on publicly available information about each company and uses annual reports, Form 10-Ks and Morningstar Equity Analyst input as its primary sources. Other secondary sources of information may include company web sites, sell-side research (if available) and trade publications.

The 11 industries considered to be fossil fuel industries and screened by Fossil Free Funds have been combined into three overall categories: Oil/Gas, Coal, and Utilities. All Oil/Gas includes companies involved in drilling, exploration and production, those that are integrated and midstream, and those involved in refining and marketing, and equipment and services. Coal includes companies engaged in mining coal. Utilities include those companies that are independent power producers, diversified, regulated electric, and regulated gas.