Fund Name Change: ESVPF Becomes SVCEF
On April 7, the name of the Equity Social Values Plus Fund (ESVPF) changed to the Social Values Choice Equity Fund (SVCEF), to align with the naming convention adopted for the “Social Values Choice” suite of funds.
SVCEF is a passively-managed equity fund that adheres to investment guidelines addressing concerns expressed in resolutions approved by a threshold number of United Methodist annual conferences dealing with:
Companies that derive a significant amount of revenue from the production of fossil fuels; and
Companies named in petitions related to peace in the Middle East
SVCEF is one of three funds in the “Social Values Choice” suite of funds for participants with a heightened focus on companies’ environmental and social performance.
The new fund name is already reflected in informational and educational fund materials and forms. No action is required of participants who are invested in the fund.
Read more about SVCEF at wespath.org/investingoptions.
From the April 2018 issue of Hark!