Funds Group: Camelot Funds
Management Company: Camelot Funds LLC
Funds Affected: Camelot Excalibur Small Cap Income Fund, Camelot Premium Return Fund
Principal Sustainable Investment Management Strategy: Negative screening (exclusions), impact
Summary:
The advisor seeks to invest in companies that operate with integrity in relation to all stakeholders (stockholder, employees, customers, community, and the environment). Preference in the fund’s portfolio will be given to companies that, in the advisor’s opinion, demonstrate integrity (a high regard for life, family values, liberty, and stewardship). As determined by the advisor, integrity is demonstrated by engaging in business activities including, but not limited to the following:
• Stockholders – strong stewardship of capital and authority (such as returning capital to shareholders (dividends and prudent stock buybacks), wise acquisitions, prudent balance sheet, reasonable executive compensation)
• Employees – treating them ethically and providing opportunities for growth and enhancement (such as providing proper training)
• Customers – treating them ethically and providing products or services that do not harm or take advantage of those who are vulnerable
• Community and Environment – treating them ethically and seeking to have a positive and supportive impact.
The advisor believes there are certain business activities that violate these principles, and companies that engage in these business activities are excluded from the Fund’s portfolio. These business activities include, but are not limited to:
• Abortion: manufacturing of emergency contraceptives or abortifacients (i.e., drugs or devices used to cause an abortion), being a medical facility that performs elective abortions, and insuring elective abortions regardless of whether these activities are primary business activities
• Pornography: producing pornography or operating adult clubs, intentionally distributing pornography as a primary business activity
• Gambling: manufacturing gambling or gaming devices as a primary business activity
• Tobacco: producing or distributing tobacco products as a primary business activity
• Financial Usury: auto title lending, check cashing, pay day lending, refund anticipation lending, and renting-to-own as a primary business activity
The Advisor defines a primary business activity as one from which 5% or more of a company’s revenue is derived.
*Effective January 2020.
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