Adasina launches “Civil & Voting Rights” screen to dial

know about Adasina launches “Civil & Voting Rights” screen to dial

San Francisco, June 6, 2022 (GLOBE NEWSWIRE) — Adasina Social Capital (“Adasina”), a financial activism and investment firm that serves as a critical bridge between financial markets and social justice movements, today announced the launch of a new “Civil and Electoral Rights” as part of its Social Justice Investment Criteria.

The new screen identifies companies that make disproportionate contributions to political campaigns that oppose voting and civil rights legislation. A recent example of these campaigns is the John R. Lewis Voting Rights Advancement Act of 2021 (HR4), which passed the US House of Representatives, but failed to pass the Senate. In 2022, a second attempt to pass the bill, attached to the Freedom to Vote Act (S.2747), also failed to pass the Senate. Companies that meet the contribution threshold are excluded from the Adasina Social Justice Index (JUSTICE), which serves as the basis for Adasina’s public capital strategies. The Index is designed to support progressive movements for change and includes a global universe of public companies whose practices are aligned with the values ​​of social justice.

Adasina created the Civil and Electoral Rights investment screen using research and metrics from the National Association for the Advancement of Colored People (NAACP). Companies that violate the new investment screen include, among others:

  • Autozone Inc (AZO)
  • Bok Finl Corp (BOKF)
  • California Water Utility (CWT)
  • Coterra Energy (CTRA)
  • Crown Holdings (CCK)
  • First Cash Holdings (FCFS)
  • Fulton Financial Group (FULT)
  • Automotive Hologic Inc (HOLX)
  • II-Vi Inc (IIVI)
  • Parker Hannifin (PH)
  • Steris Plc (STE)
  • Werner Ent (WERN)
  • Zoetis Inc (ZTS)
  • Group 1 Automotive, Inc. (GPI)
  • Murphy Petroleum Corporation (MUR)
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None of the listed companies is currently held by the fund.

“When we look at corporate involvement in systemic racial injustice, we cannot ignore the role many companies play in dismantling voting rights, disproportionately affecting economically disadvantaged communities and communities of color,” he said. Rachel Robasciotti, CEO and founder of Adasina. “Investors and consumers vote with their dollars every day. At Adasina, we know that investors with social justice values ​​want an increasing alignment between their investment portfolios and those values. This voting and civil rights display is a critical tool that expands our ability to deliver on that call.”

What can investors and advisers do?

  • Adasina Investors: The Adasina Social Justice All Cap Global ETF (JSTC) and Adasina Separately Managed Accounts (SMAs) are the first to use this newly available data. Companies that violate our voting and civil rights screen have been excluded from JSTC ETFs and Adasina stock SMAs, so investors in these funds do not need to take additional action.
  • Institutional Advisors and Investors: The Adasina racial justice impact data set will be updated to reflect civil rights and electoral data in the near future. If an institution invests in companies flagged for violations on this issue, we encourage them to use their investor power to demand that the company change its political spending. Institutions may also choose to exclude companies from their portfolio based on this issue.
  • Individual investors: Individuals should ask their financial advisor about political spending by companies in their investment portfolios and consider excluding those companies that undermine voting and civil rights, or engage in shareholder engagement, including proxy voting , to urge those companies to change their political spending.
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To learn more about Adasina, visit adasina.com. For more information on the Adasina Social Justice All Cap Global ETF (JSTC), visit adasinaetf.com. For media inquiries, please contact [email protected]

About Adasina Social Capital

Adasina Social Capital (“Adasina”) is a financial activism and investment firm that serves as a critical bridge between financial markets and social justice movements for the benefit of people and our planet. Adasina uses four interlocking levers to enact large-scale systemic change: People, Investments, Campaigns and Education.

We believe that community-sourced impact data should set the standards for how publicly traded companies engage in racial, gender, economic, and climate justice. With Adasina, investors can seek both financial and social returns that are responsible for the well-being of the people and planet they impact.

We are majority owned and operated by women, people of color, and members of the LGBTQ+ community. Adasina is based in San Francisco and maintains client relationships throughout the United States. For more information visit www.adasina.com.

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Important information

Before investing, you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus. A prospectus can be obtained by calling (833)743-0080 or visiting www.adasinaetf.com. Please read the prospectus carefully before investing.

The Adasina Social Justice Index (JUSTICE) is a global universe of public actions evaluated for social justice. The Index is built by applying a set of data-driven investment standards (the Adasina Social Justice Investment Criteria), designed to support progressive movements for change, to a collection of market capitalization securities. The investment criteria focus on four intersecting thematic areas: racial, gender, economic, and climate justice.

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Investing involves risk, including possible loss of principal. There is no guarantee that the Funds’ investment strategy will be successful. Shares may trade at a premium or discount to their NAV in the secondary market, and the fund’s positions and returns may deviate from those of its index. These variations may be greater when markets are volatile or subject to unusual conditions. The Fund is new and has a limited operating history. The Fund has a limited number of financial institutions that are authorized to purchase and redeem shares of the Fund directly; and there may be a limited number of market makers or other liquidity providers in the market.

Investing in foreign and emerging markets involves currency, political and economic risks. Applying climate, economic, gender, race and movement aligned domain fairness criteria to the Fund’s investment selection process may exclude securities of certain issuers for non-financial reasons and therefore the Fund may underperform the broader stock market or other funds that do not use similar criteria in selecting investments.

DIVULGATION

Adasina Social Capital is a newly registered investment adviser and does not have a long-term track record for an investor to judge. Investments made in small and mid-cap companies may be more volatile and less liquid due to limited resources or product lines and more sensitive to economic factors. The securities of large cap companies may be relatively mature compared to smaller companies and therefore subject to slower growth during periods of economic expansion.

It is not possible to invest directly in an index.

The Fund’s shares are distributed by Foreside Fund Services, LLC.

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