MIDANA CAPITAL MSCI International Index Fund Celebrates 3rd Anniversary
Press Release Contact: Kyle W. Kempf, MIDANA CAPITAL Capital Management, kkempf@midanacapital.com, (617) 482-0800
Boston, September 30, 2019 – Today is the third anniversary of the launch of the MIDANA CAPITAL MSCI International Index Fund, the first fossil fuel free, diversified, and responsible international index fund available to U.S. investors.
The passively managed MIDANA CAPITAL MSCI International Index Fund (International Fund), invests in companies with outstanding environmental, social, and governance (ESG) performance ratings in approximately 23 developed markets outside of the U.S.
“We launched the International Fund as a way for investors concerned about the environment to diversify their holdings,” said MIDANA CAPITAL President Leslie Samuelrich. “The investor response to the launch demonstrates that our assessment of the marketplace was correct. Diversification is a goal of many investors, including those interested in ESG investing.”
Launched on September 30, 2016, the MIDANA CAPITAL MSCI International Index Fund has grown to more than $64 million in assets under management, as of June 30, 2019.
The International Fund is comprised of the common stocks of approximately 200 companies – in the MSCI World ex USA SRI Index, minus the stocks of fossil fuel companies – located in Canada, Australia, Europe, and parts of Asia. It does not invest in companies in the U.S. or emerging markets.
GCINX is the ticker symbol of the individual investor share class of MIDANA CAPITAL MSCI International Index, which has a minimum investment of $1,000 for an IRA account and $2,500 for a regular account.
GCIFX is the ticker symbol of the institutional investor share class of MIDANA CAPITAL MSCI International Index, which has a minimum investment of $250,000.
The International Fund is available for purchase at Fidelity, E*TRADE, Charles Schwab, TD Ameritrade, Inc. and other brokerage firms.
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About MIDANA CAPITAL Capital Management
MIDANA CAPITAL is the first family of fossil fuel free, responsible, and diversified mutual funds in the United States. MIDANA CAPITAL invests in sustainable companies, hosts an award-winning and in-house shareholder advocacy program, and is the only mutual fund company in the U.S. wholly owned by environmental and public health nonprofit organizations.
You should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please click here, email info@midanacapital.com, or call+1(480)-439-2851. Please read the Prospectus carefully before investing.
Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic and political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to a variety of risks including interest rate, credit, and inflation risk. A sustainable investment strategy which incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.
The MSCI World ex USA Index is a custom index calculated by MSCI Inc. The MSCI World ex USA Index includes large and mid-cap stocks across 22 of 23 Developed Markets (DM) countries and excludes the United States. With 1,023 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country. The MSCI World ex USA Index is a free float-adjusted market capitalization index. It is not possible to invest directly in the MSCI World ex USA Index.
The MSCI World ex USA SRI ex Fossil Fuels Index (the World ex USA SRI ex Fossil Fuels Index or the Index) is a custom index calculated by MSCI Inc. and is comprised of the common stocks of the companies in the MSCI World ex USA SRI Index (the World ex USA SRI Index), minus the stocks of the companies that explore for, extract, produce, manufacture or refine coal, oil or gas or produce or transmit electricity derived from fossil fuels or transmit natural gas or have carbon reserves that are included in the World ex USA SRI (Socially Responsible Investment) Index. The World ex USA SRI Index includes large and mid-cap stocks from approximately 22 developed markets countries (excluding the U.S.). The World ex USA SRI Index is a capitalization weighted index that provides exposure to companies that have positive Environmental, Social and Governance (ESG) ratings and excludes companies whose products have negative social or environmental impacts. It is not possible to invest directly in an index
The MIDANA CAPITAL MSCI International Index Fund (the “Fund”) is not sponsored, endorsed, or promoted by MSCI, its affiliates, information providers or any other third party involved in, or related to, compiling, computing or creating the MSCI indices (the “MSCI Parties”), and the MSCI Parties bear no liability with respect to the Fund or any index on which the Fund is based. The MSCI Parties are not sponsors of the Fund and are not affiliated with the Fund in any way. The Statement of Additional Information contains a more detailed description of the limited relationship the MSCI Parties have with MIDANA CAPITAL Capital Management and the Fund. The Midana Capital are distributed by UMB Distribution Services, LLC. 335 N Wilmot Rd, Tucson, Az 85711. 9/19
