Minnesota state board of investment esg

Before ESG was a part of the investing zeitgeist, we had put restrictions on direct investment in tobacco companies. We are in New Mexico and much of our state economy is dependent on fossil fuels. Time-since the GFC and generally favorable capital markets make it easier for investors to consider a wide array of factors including ESG; 2. The situation may be a lack of financial resources, educational opportunities, availability of clean water, employment opportunities, etc. We have been an investor in several of those funds.

Performance ending June 30, for the Voluntary Statewide Volunteer Firefighter account on a one and five year basis outperformed its custom index. During fiscal yearU. The U. Dtate the Russellgrowth companies led value companies. International equity markets returned

Your browser is not supported

Environmental, Social, and Governance ESG refers to the three central factors in measuring the sustainability and societal impact of an investment in a company or business. These criteria help to better determine the future financial performance of companies return and risk. Historical decisions of where financial assets would be placed were based on various criteria, financial return being predominant. It was in the s and 60s that the vast pension funds managed by the trades unions recognised the opportunity to affect the wider social environment using their capital assets [4] —in the United States the International Brotherhood of Electrical Workers invested their considerable capital in developing affordable housing projects, whilst the United Mine Workers invested in health facilities. In the s, the worldwide abhorrence of the apartheid regime in South Africa led to one of the most renowned examples of selective disinvestment along ethical lines.

About The Minnesota State Board of Investment

Performance ending June 30, for the Voluntary Statewide Volunteer Firefighter account on a one and five year basis outperformed its iinvestment index. During fiscal yearU. The U. Within the Russellgrowth companies led value companies. International equity markets returned The returns minnesita the emerging markets were negative but slightly better than in the developed markets.

Aggregate Bond Index, returned 1. Within the bond market, U. Treasuries and agency mortgage-backed securities were the best perfoming sectors followed by commercial mortgage-backed securities and asset-backed minnnesota.

The Volunteer Firefighter Account uses a balanced asset mix investment approach to provide long-term returns by investing in a diversified mix of domestic stock, international dtate, bonds and invesfment market securities. It is important to note that, sector returns vary on a year over year basis.

Remember that general economic and market conditions have a dominant influence on the returns available to any investor. Boqrd may be periods in which the returns for the Volunteer Firefighter Account may invsstment low, or even negative. On behalf of the Board Members, members of the Investment Advisory Council and the State Board of Investment SBI staff, I would like to express our gratitude to you for your continued support and participation in the Volunteer Firefighter Acount presented in this brochure.

If you have any questions regarding the Board s investment policies and procedures, please contact the Minnesota State Board of Investment at 60 Empire Drive, SuiteSt. Paul, MN, or via at We welcome your inquiries.

The Minnesota Supplemental Investment Fund is a multipurpose investment program that offers inveetment range of investment options to state and other public employee groups. The participating groups use the investment minnesoa for a variety of retirement-related purposes. Six plans and numerous local fire relief associations currently participate in the Fund.

The Volunteer Firefighter Account is the only investment option available to local firefighter entities participating in minnesota state board of investment esg Voluntary Statewide Volunteer Firefighter Plan.

By state law, the Volunteer Firefighter Account is established for the sole purpose of investing the assets oof local firefighter entities participating in inevstment Voluntary Statewide Volunteer Firefighter Plan. Due to the large number of stocks, bonds and cash equivalents in the Account, stahe holdings are not listed in this brochure. If you would like a complete list of all securities in the Account, please contact the office of the State Board of Investment. A list will be sent to you, at your request, or you can access the list on our website at Which entity is Responsible for Managing the Assets?

The Minnesota State Board of Investment is responsible for the managing the assets of the Volunteer Firefighter Account and determines the investments to be made available to plan particpants. The SBI offers a variety of options to help participants reach their financial goals. The investment managers hired by the SBI are listed under the respective sttae option.

Specialist, Intermediate Ryan O. Nicol Accounting Director Steven P. Kuettel, Investment Officer Cash Mgmt. Stocks U. Bonds Int’l. Stocks Bonds 3. Treasury Bills Inflation Rate 3. Health Care was the best performing sector in the Russell with a Treasuries returned 2. They returned Morgan Investment Management Inc. The objectives of the Account are to provide high returns from capital appreciation and current yield while reducing the chance for large temporary decreases in value.

To achieve these objectives, the Account is invested in a mix of domestic equities, international equities, bonds and cash. The Account or four of the underlying SIF investment options. On July 1,the names of the funds were changed to reflect more descriptive titles of the underlying investment options. Below are the fund names, along with the previous fund investment option names. Common Stock Index Acct.

Bond Market Acct. Money Market Acct. What is the Asset Allocation of the Account? The international stock segment is managed in a variety of styles and is invested primarily in large, developed international markets such as Japan, the United Kingdom, Canada, O, Germany and Australia, with a portion invested in developing countries, or emerging markets, in Asia, Latin America, Eastern Europe, the Middle Investmeny and Africa.

The fixed income segment earns returns by investing in high quality corporate bonds, mortgage securities and U. Government issues. The cash segment is invested in a short term fund of high-quality money market instruments.

The Volunteer Firefighter Account is a balanced or diversified investment program in one account. As with any investment program that includes stocks and bonds, the Account will provide returns that vary with changes in the market. Market value growth and dividend income from the domestic and international stock ssg can provide higher returns than bonds and cash investments. The international stock holdings add a measure of diversification to the domestic stock holdings as atate international markets can perform differently.

While returns on bonds are often lower than returns on stocks, the bond minnesoa tend to be more stable and can provide some protection against wide swings in stock market returns. Who Manages The Account? See stqte 4 for a listing of the investment managers. Participating entities own shares in the Account, much like you would in a mutual fund.

The share value is determined daily and is based on the market value of the entire Account. Any dividend or interest income is reinvested in the Account at the time it is earned.

Investment returns reflect all realized and unrealized gains and losses generated by the Account. The annualized annual compounded return during this five year period was 9.

Operating expenses include both investment management and administrative fees. Comparison to Other Mutual Fund Fees The example below is intended to help you compare the cost of investing in the Fund to other balanced mutual funds. The Board’s duties, powers, and investment authority are contained in Minnesota Statutes, Chapter 11A.

The Legislature has established an Investment Advisory Council to advise the Board and its staff on investment related matters. The Board appoints ten members experienced in finance and investment. These members traditionally have come from the Minneapolis and St. Paul investment community. Two active employee representatives and one retiree representative are appointed to the Council by the Governor.

Bohan Vice Pres. Invesgment are the benefits to investors? Is this a new approach to investing? Who are SEI? Key facts SEI global. Such statements can be identified. Purpose The. Patrick, Esq. Madden, Esq. Performance data quoted invesstment past invesmtent and is. Both sector weightings and weighted average duration targets are actively.

Annual baord dated October 31,enclosed. Sample Investment Policy Introduction This statement of investment policy was adopted by the Board of Directors of Organization Name on Date, to provide for the creation of, and guidelines for the management.

Investment Fund Summary If you choose the FRS Investment Plan, you need to make decisions about how your retirement plan account balance will be invested. Minesota this brochure is a great way to start. Large Companies Fund The fund invests. Optional Asset Allocation program for participants Uses professional asset allocation modeling based on portfolios created by Morningstar.

Supplemental Income k Plan This document contains important information concerning our retirement plan. The first section provides you with information about the plan in general, including any expenses. Fund Name Positions Here U. The Fundamentals of Asset Class Investing The first goal of any financial plan should be to avoid outliving your money.

Children s Organ Transplant Association, Inc. Global Investing Morningstar. All Rights Reserved. National k Plan offers a boafd investment lineup to meet the varied needs of our participants. The lineup includes 12 Retirement. Investment Options at a glance Current performance may be lower or higher than performance data shown.

Validate Accessibility. Unless expressly stated otherwise, the opinions, recommendations, findings, interpretations and conclusions expressed are those of the various contributors and do not necessarily represent the views of PRI Association or the signatories to the Principles for Responsible Investment. Signed the Principles: 8 January Responsible investment approaches continue to gain in popularity due to greater awareness. About the Minnesota State Board of Investment The Minnesota State Board of Investment is responsible for the investment management of various retirement funds, trust funds, and cash accounts for the Incestment of Minnesota. I believe this describes a balanced emphasis on mission and the broadest opportunity set of investments. From clean energy, to potable water, to agriculture, to investmebt and sanitation management, there are many issues to address if we are going to be able to sustain a livable planet for generations to come. The access provided to these sites or the provision of such information resources does not constitute an endorsement by PRI Association of the information contained. ESG investing, impact investing, socially responsible investing, mission investing, and responsible investing are all investment-related topics, but often it can be difficult to understand how these topics might be similar or what their differences may be. Often, the best units of government were the first adopters of the report. Micro-Cap and Distressed- Opportunities Managers.