Press Release: Wespath Launches "Social Values Choice" Suite of Funds

December 19, 2017

For Immediate Release

Contact: Lisa L. Drew, Managing Director, Communications
(847) 866-4111 or lidrew@wespath.org

Glenview, IL—Wespath Benefits and Investments (Wespath) has launched its “Social Values Choice” suite of funds for participants who have a heightened focus on companies’ environmental and social performance. The suite includes two fixed income funds, which are now available to participants, and an equity fund. The funds include:

  • Social Values Choice Bond Fund (SVCBF)
  • Equity Social Values Plus Fund (ESVPF)
  • U.S. Treasury Inflation Protection Fund (USTPF)

Combined, the three funds provide access to asset class diversification and inflation protection. “A number of Wespath’s participants have expressed an interest in investment options that adhere to heightened environmental and social investment criteria. While participants already had access to ESVPF, we felt that they would benefit from additional diversifying options,” Dave Zellner, Wespath’s Chief Investment Officer, said.

SVCBF, an actively-managed fixed income fund, and ESVPF a passively-managed global equity fund, adhere 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

USTPF seeks to complement the bond and equity funds by helping to mitigate the effects of rising inflation.

“We recognize that a number of our participants have a deep desire to align their investments with their personal beliefs,” said Wespath General Secretary, Barbara Boigegrain. “We have worked closely with key stakeholders to provide a prudent diversifying option for these investors.”

All three funds are available to participants who self-direct their investments in Wespath’s defined contribution plans, and to institutional investors associated with The United Methodist Church.

You can read more about SVCBF at wespath.org/svcbf, and about USTPF at wespath.org/ustpf.

Information about ESVPF is available at wespath.org/esvpf, including a Q&A about the fund guidelines.


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About Wespath Benefits and Investments
Wespath Benefits and Investments (Wespath) is a not-for-profit agency that has been serving The United Methodist Church for over a century. In accordance with its fiduciary duties, Wespath administers benefit plans and invests approximately $23 billion in assets for over 100,000 participants and over 100 United Methodist-affiliated institutions. Wespath is the largest reporting faith-based pension fund in the world and among the 100 largest pension funds in the United States. Its sustainable investment activities are carried out by Wespath Investment Management, the agency’s investments division.

 

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