The Reynders, McVeigh Core Equity Fund

Fund Details (as of 12/31/24)

Fund Facts & Characteristics

Management Team

• Chat Reynders

  Reynders, McVeigh Capital Management

  Chat brings more than 25 years of experience in investment management and social venture investing to his work as chairman and CEO of Reynders, McVeigh Capital Management, LLC., which he helped found in 2005. His passion for forward-thinking investment strategy rooted in fundamentals has provided a guidepost for his success to date. Chat has been featured in numerous publications, including the Wall Street Journal, Business Week, Barron’s, and Forbes.

  In addition to his leadership in the traditional investment management world, Chat has structured and funded public/private partnerships that have brought more than $150 million in revenue to leading cultural institutions around the world—projects that have won numerous awards. In this vein, he has for decades produced socially oriented IMAX films, including Dolphins, which was produced in conjunction with the National Wildlife Federation and garnered an Academy Award nomination in 2000, and Coral Reef Adventure, which received the largest grant in the history of the Informal Science Division of the National Science Foundation.

  Chat’s focus on climate change also led him to his current role as a director on the board of the MacGillivray Freeman Educational Foundation (MFEF), an organization committed to increasing awareness of the delicate state of our oceans and environment. Using the power of film, television, new media, and grassroots education, The MFEF strives to change the way people see and value the natural world—and to motivate action to restore it. Chat previously served as Executive Director of The Whale Conservation Institute, the nation’s leading independent cetacean research center, which was founded under a grant from the MacArthur Foundation. He also serves as the president of the Board of Governors for the Westminster Kennel Club and is on the County Leadership Council for the Essex County Community Foundation.

  Chat graduated from Princeton University with a degree in history.

• Patrick McVeigh

  Reynders, McVeigh Capital Management

  Patrick is widely recognized and respected as a pioneer in bringing together traditional investment management with socially responsible investing. He has more than 40 years of experience in the industry, including helping to found Reynders, McVeigh Capital Management, LLC. in 2005.

  Patrick was one of the three original employees at Trillium Asset Management, one of the first investment management firms dedicated solely to ethical investing. In addition to leading that firm’s research efforts and serving as editor of Investing for a Better World, Patrick wrote a series of groundbreaking studies conducted by the Social Investment Forum that tracked the growth of socially responsible investing and its implications in the investment markets. He served as a founding board member of SEED, a community loan fund that worked with cooperatives in Haiti.

  Prior to entering the investment field, Patrick worked in community economic development. He began his efforts as a VISTA volunteer and helped create the San Jose Food Co-op and the first recycling center in that city. He also managed the Youth Opportunity Program at Stanford University, which created jobs and educational opportunities for low-income teenagers and adults on the campus. Patrick is currently on the board of the Waltham YMCA and has previously been on the board of the Waltham Fields Community Farm. He received his BA from Santa Clara University and was named the Scholar-Athlete of the Year of the West Coast Athletic Conference in 1978, partly in recognition of his efforts to start the cross-country team there. He continues to enjoy running (you can follow him on the social media app Strava and on the B.A.A. and Boston Marathon app) and triathlons. He has four children and lives in the oldest house (built in 1716) in Waltham, Massachusetts.

• Eric Shrayer, MBA, CFA, CFP®

  Reynders, McVeigh Capital Management

  Eric serves as research director at Reynders, McVeigh Capital Management, LLC. In this role, he is responsible for conducting fundamental analysis of equities. His methods for analysis are comprehensive and extensive, and may include analyzing SEC filings, reviewing company earnings calls, and speaking directly with company management.

  Before joining Reynders, McVeigh in 2006, Eric spent nine years as a branch manager with Park Avenue Securities, a division of Guardian Life Insurance. Eric earned a BS from Tufts University with a major in biology, and his MBA, magna cum laude, from the Olin School of Business at Babson College. Eric is a CFA® charterholder and is a CERTIFIED FINANCIAL PLANNER™ professional.

• NVIDIA Corp. (4.62%)

  NVIDIA has long stood out as one of the leading technology companies on a wide range of ESG issues. NVIDIA says it is committed to integrating social and environmental responsibility into every aspect of the company, a policy which seems to be backed up by results. They were ranked 3rd overall by Forbes on companies who had the best and most just behavior. It also received a perfect score from the Human Rights Campaign on non-discrimination issues related to LGBT employees.
• Microsoft Corp. (3.82%)

  Microsoft has had a very good record on a broad range of ESG issues and has been widely recognized for its efforts. It was rated #1 on Corporate Responsibility Magazine’s 100 Best Corporate Citizens of 2018. Among the sub-categories in this analysis, it was ranked #1 for both environmental and social impacts, which measured corporate performance using more than 250 factors. In addition, Microsoft was rated the #1 company out of 890 on JUST Capital’s list of responsible companies. They rated them first among all companies on the environment and second on employee issues.
• T-Mobile US, Inc. (3.33%)

  T-Mobile has become one of the country’s largest wireless telecommunications companies after its merger with Sprint. The new T-Mobile has promised to improve phone service in rural areas of the United States and writes “we’ll cover 95.8% of this country’s roughly 62 million rural residents with 5G service.”
• Int’l Business Machines Corp. (3.23%)

  IBM states its artificial intelligence platforms help companies “plan a sustainable and profitable path.” For instance, IBM works with a Danish infrastructure company to analyze images captured by drones. IBM’s platform searches for rust on bridges, since that can indicate weakened structural integrity. IBM works with a Brazilian renewable energy company to forecast and analyze wind conditions, which is important in understanding how much electricity will be generated.
• Schneider Electric SE (3.16%)

  Schneider Electric is a European multinational company providing energy and automation digital solutions for efficiency and sustainability. The company believes that access to energy and digital information are basic human rights and that they must be supplied in an environmentally sustainable manner for everyone in the world. Schneider is unique in its commitment to ESG issues in that includes an update on its 21 measures of its sustainability with each quarterly earnings report. Other companies update these measures on an annual basis. Due to the innovative environmental nature of its products and its commitment to sustainability, it was rated #9 on Fortune’s Change the World list. Schneider is one of the largest industrial companies to commit to being carbon neutral by 2025. Schneider has been ranked on the Carbon Disclosure Project’s “A List” for nine consecutive years and has been one of Corporate Knights’ 10 Most Sustainable Corporations for seven consecutive years. Schneider was the first multinational company with a 100% commitment to the U.N. Women’s Empowerment Principles.
• UL Solutions Inc. Class A (3.16%)

  UL Solutions, with its iconic UL logo, traces its history back to the 1893 World’s Fair in Chicago when its eventual founder was assigned by his employer to assess fire risks associated with electricity. Since that time, UL Solutions has continued to verify the functionality and safety of numerous products used by industries and consumers. UL Solutions simply states it has been “working for a safer world since 1894.”
• Mastercard, Inc. – A (3.12%)

  Mastercard is committed to equality. Mastercard writes, “Globally, women at our company earn $1.00 to every $1.00 earned by men. We also affirmed that people of color earn $1.00 for every $1.00 earned by white employees (U.S.). The 2023 pay equity analysis results are based on action taken for the available employee population as of September 2023.” The company also writes, “In 2023, for the seventh consecutive year, Mastercard generated or purchased 100% renewable energy for our operations.”
• Abbott Laboratories (3.08%)

  Abbott is a large healthcare company noted for its good employee relations. It was rated as the 50th best company to work for by Glassdoor last year and has received a perfect score from the Human Rights Campaign on non-discrimination issues related to LGBT employees. Two manufacturing plants converted to running on 100% renewable energy last year.
• Apple Inc. (2.99%)

  Apple has taken a leadership role on most ESG issues. Apple has been particularly strong over the past year on governance issues concerning privacy and the use of technology, as well as increased transparency on how they do business. The company believes privacy is a fundamental human right and purposely designs their products and services to minimize the collection of customer data. Apple does collect data; however, it is transparent about collection and works to disassociate it from the user. In contrast to Facebook and Google, its business model does not depend on collecting large amounts of personally identifiable information. As part of its commitment to combat climate change and create a healthier environment, Apple announced in April 2018 that its global facilities were powered with 100% clean energy. This achievement includes retail stores, offices, data centers and co-located facilities in 43 countries—including the United States, the United Kingdom, China, and India.
• Carrier Global Corp. (2.89%)

  Carrier is one of the world’s largest manufacturers of air conditioning. One concern with air conditioning is the use of HFCs (hydrofluorocarbons) that contribute to global warming. Carrier will start using a new chemical, known commercially as Puron Advance, starting in 2023 that is not as significant a contributor to global warming. Carrier also makes refrigeration used in transporting food, which helps reduce spoilage.
• Becton Dickinson and Co. (2.61%)

  Becton Dickinson was ranked as the 30th best corporate citizen by Corporate Responsibility Magazine in 2018 and was the 5th highest-rated health care company. Since 2015, the company has reduced its greenhouse gas emissions by 69% per unit of output.
• Rockwell Automation Inc. (2.57%)

  In 2021, Rockwell Automation was named for the 13th consecutive year by the Ethisphere Institute as one of the world’s most ethical companies. Rockwell is the largest industrial automation company in the world and has been a leader on environmental issues. Newsweek ranked it as the greenest industrial company in the U.S. in 2017 and the seventh best company overall. Rockwell reached their goal of reducing carbon emissions by 30% and are targeting becoming carbon neutral by 2030. It received a perfect score from the Human Rights Campaign on non-discrimination issues related to LGBTQ employees for the 9th consecutive year in 2021.
• RELX PLC – Spons ADR (2.57%)

  RELX is a provider of information across multiple industries. One of RELX’s operations is Elsevier, a leading publisher of scientific journals for the academic and research community. Elsevier states it “supports programmes in places where resources are often scarce.” Elsevier provides about 20% of the material available through Research4Life, a partnership between U.N. agencies and publishers that provides scientific information to researchers in 125 low- and middle-income countries at a reduced price or at no cost.

• Uber Technologies, Inc. (2.49%)

  Uber was a pioneer in transforming transportation. Instead of having to find a taxi, the ride came to you. Instead of watching the taxi’s meter, a price for the ride was provided in advance. Uber Eats is now providing people with more choices when it comes to food delivery. Furthermore, having food delivered to your home was helpful during the pandemic. There are concerns about Uber’s classification of drivers as independent contractors, rather than employees. Uber counters that drivers have “total, real-time control over their working hours, times, and locations of work.” Uber’s position is further defined at uber.com/us/en/community/esg.
• McCormick & Co. Inc. Com Non Vtg (2.43%)

  McCormick is one of the world’s largest spice and seasoning companies. Corporate Knights named McCormick as the most sustainable corporation in the Food Products sector for the seventh consecutive year in 2023. McCormick writes, “We are confident in achieving our goal to sustainably source 100% of our top five branded iconic ingredients (black pepper, cinnamon, red pepper, oregano and vanilla) by 2025.” McCormick highlights its work with vanilla farmers in Madagascar, writing farmers are “trained in good agricultural practices,” such as leaving portions of forests untouched so the land can regenerate. Farmers are also “supported in the setup of a jointly owned and controlled cooperative, which enables groups of farmers to... collectively sell their vanilla at a higher price, removing the need for intermediaries.”
• Crown Holdings, Inc. (2.41%)

  Crown Holdings is one of the world’s leading manufacturers of aluminum beverage containers. While the world struggles with recycling plastic waste in an efficient manner, aluminum has “infinite recyclability” making it a “truly circular option” according to Crown Holdings.
• AptarGroup, Inc. (2.40%)

  Aptar is an innovative packaging company that is beginning to make inroads on developing a more comprehensive ESG profile. Over the past two years, Aptar has started producing Sustainability Reports and appears increasingly committed to improving its ESG impact. Aptar was able to reduce its total energy consumption by 1% last year, despite revenues growing slightly. Electricity from non-renewable sources declined by 4% while electricity from renewable sources grew by 8%. Eleven of its facilities in Europe have converted to 100% renewable sources.
• Alcon, Inc. (2.33%)

  Alcon is a leading manufacturer of contact lenses and equipment used in eye surgery. Alcon states that it “donates ophthalmic products to eligible eye care partners who work to improve and restore vision to underserved patients around the world.” Alcon wrote in its 2022 Sustainability Report, “Over the past three years, Alcon Cares has supported over 750 medical missions, helping to deliver eye care to communities across the globe. During these missions, volunteer medical teams treat patients and train local professionals to help ensure the continuity of eye care. In 2022, the Alcon Cares-supported mission in Asamang-Ashanti, Ghana treated 1,500 patients, trained 10 healthcare professionals and performed 750 cataract surgeries and 158 pterygium surgeries.”
• Veralto Corp. (2.31%)

  Water is an increasingly precious commodity. Veralto states its Hach subsidiary “offers analytical measurement instruments… and related consumables that test water quality; it serves over 125,000 customers, including small community water utilities, large public and private water utilities and industrial customers and helps to ensure safe water for more than 3.4 billion people every day — approximately 40% of the global population.” Veralto also has a Product Quality segment that prints barcodes and lot numbers on packaging. Veralto notes, “The ability to track and trace products and their ingredients throughout the supply chain is critical for managing recalls and helps ensure consumer products are safe.”
• Danone (2.26%)

  Danone is one of the world's largest food and beverage companies. Danone’s products tend to be healthy (yogurt, plant-based beverages). Danone also aims to be the largest multinational B-Corporation by 2025. The B-Corporation designation is awarded by B Lab, a non-profit organization that awards the Certification to companies meeting “high standards of verified performance, accountability, and transparency on factors from employee benefits and charitable giving to supply chain practices and input materials.” More information can be found at danone.com/sustainability.html and bcorporation.net.
• Analog Devices Inc. (2.24%)

  Corporate Knights rated Analog Devices as the 42nd most sustainable company in the world in 2018. They were the 9th highest rated company from the United States. Renewable energy makes up about 60% of total energy used.
• Unilever PLC – Spons ADR (2.20%)

  Unilever is one of the world’s largest consumer products companies. Unilever has set the following sustainability goals: eliminate greenhouse gas emissions from its operations by 2030, have 95% of its crops sustainably sourced by 2030, reduce its virgin plastic footprint by 40% by 2028, and require its suppliers to pay a living wage to workers by 2030.
• Nexans SA (2.18%)

  Nexans manufactures cables used in the transmission of electricity, and electricity is being increasingly relied upon as an energy source as the world tries to shift away from fossil fuels. Examples of electricity displacing fossil fuels include electric vehicles and heat pumps. Increased use of electricity, and increased adoption of renewable energy to generate electricity, will require increased investment into the electric grid.
• Salesforce Inc. (2.15%)

  Salesforce is the leading provider of customer relationship management (CRM) software. CRM software is used by organizations to keep track of customer information. Salesforce achieved 100% “renewable energy purchasing” in its fiscal 2022, meaning it procured renewable energy and/or renewable energy certificates equivalent to the electricity it uses. The company has also pledged to help fund the conservation, restoration, and growth of 100 million trees by fiscal 2031.
• Interface, Inc. (2.07%)

  Interface is the world’s largest manufacturer of carpet tiles, which are often found in offices. All of Interface’s flooring products are “carbon neutral,” meaning Interface purchases carbon offsets to offset the carbon emissions released during manufacturing (offset programs support solar and wind projects, or forest protection projects). Interface has also released a “carbon negative” carpet backing that uses plant-based products as raw material. The backing is labeled as carbon negative since more carbon is absorbed by the plants during their lifetime than is emitted during the manufacturing process.

• Danaher Corp. (2.04%)

  Danaher is famous for its business philosophy built around continuous improvement. Codified as the Danaher Business System, it is modeled after the Japanese system of “Kaizen” that seeks to empower employees to constantly seek improvement in quality and efficiency. It received a perfect score from the Human Rights Campaign on non-discrimination issues related to LGBT employees.
• The Home Depot Inc. (2.03%)

  The Home Depot is the world’s largest home improvement retailer. The Home Depot supports America’s Historically Black Colleges and Universities through grants for materials that can be used for renovation projects. Additionally, The Home Depot Foundation provides grants to veteran causes through nonprofit partners like Habitat for Humanity International, Volunteers of America and Jared Allen’s Homes for Wounded Warriors. These grants are used to enable critical home repairs for veterans, provide housing for at-risk veterans, and support the construction of mortgage-free smart homes for combat-wounded veterans.
• Perrigo Company PLC (2.00%)

  Perrigo is a leading manufacturer of store-brand over-the-counter (OTC) medications. Store-brand medications often cost 30%–40% less than brand name medications, even though they contain the same active ingredients, which saves money for consumers. Perrigo also cites data from the Consumer Healthcare Products Association that shows the U.S. healthcare system saves more than $7 for every $1 spent on OTC medication, since it reduces visits to the doctor, along with OTC items costing less than prescription medications.
• Applied Materials (1.96%)

  Applied Materials is one of the world's largest suppliers of equipment to companies that manufacture semiconductors (chips). Applied Materials recently released its Vistara equipment platform that is “reimagined for a new, more-sustainable era of chipmaking.” Vistara combines multiple manufacturing steps within a single tool. Applied Materials states this results in an approximate 35% reduction in energy consumption and a 30% reduction in chemicals used during etching (one of the steps in chip manufacturing).
• Airbnb Inc. Class A (1.91%)

  Airbnb helps many people supplement their income. Airbnb states “Hosts in the U.S. earned more than $24 billion and the typical Host earned an estimated $14,000” in 2023 by utilizing its platform. Additionally, Airbnb has partnered with third parties in the U.K, France, and Massachusetts to help hosts make energy-efficient upgrades and access available rebates. Airbnb also has an “Off-the-grid” category that allows people to rent places that use alternative energy (solar, wind, geothermal, hydroelectric, etc.) or have no electricity.
• Vertex Pharmaceutical Inc. (1.91%)

  Vertex is the leading manufacturer of cystic fibrosis (CF) medications. CF is a disease that causes mucus buildup in the lungs, making breathing difficult. Vertex’s medications are an integral reason the median age of death for CF patients has increased from 26 years in 2008 to 66 years in 2022, according to Epic Research. There are concerns the high price of Vertex’s medications makes them unaffordable to those without adequate insurance. Vertex responds it has “initiated a pilot program to provide our medicines at no cost to people with CF in lower-income countries on four continents.”
• Alphabet Inc. – Class A (1.90%)

  Our firm believes Alphabet/Google made a socially conscious decision when it withdrew from China in 2010 for several reasons, including disputes with the Chinese government over censorship of its search results. Google has also outlined principles that guide its development of artificial intelligence (AI) applications, such as developing applications that adhere to certain safety standards. Google’s principles can be found at ai.google/responsibility/principles.
• Xylem, Inc. (1.83%)

  Xylem is a leading manufacturer of pumps used to transport water and wastewater. Xylem also has technologies to monitor for water leaks. Water conservation is becoming increasingly important as the population grows. Xylem writes, “In the U.S., deteriorating pipe systems, theft or inaccurate meters result in approximately one out of every six gallons of treated water being lost prior to reaching the end customer.” Xylem’s Sensus water meters monitor water usage and can relay consumption in real-time to the utility. The utility can investigate for potential leaks if consumption does not match predicted use. Water meters are also placed along water mains so utilities can be alerted to potential leaks. Xylem also has technology to assess if water pipes have breaks or structural defects.
• Novonesis (Novozymes) B Shares (1.65%)

  Novonesis is the world leader in industrial enzyme production. Typically, enzymes replace chemicals in manufacturing processes. The most popular usage of their enzymes is in the laundry detergent market. Initially, they were used to replace phosphates in detergents. The most recent application has been to make detergents effective in cold water. The company has received numerous awards for its positive environmental impact. It was named the 36th Most Sustainable Company in the World by Global Knights. The Carbon Disclosure Project has given them an A rating and called them a role model for other companies. Novonesis was ranked #9 on Fortune magazine’s 2016 list of companies changing the world.
• Stryker Corp. (1.60%)

  Stryker manufactures replacement joints (e.g., hips, knees) and other medical equipment. Stryker is a leader in robotic-assisted joint replacement surgery. In this procedure, a patient has imaging of the joint performed prior to surgery. The surgeon then receives tactile feedback from robotic system to help provide more accurate placement of the new joint. Stryker writes its Mako-brand robotic platform “can help lead to better patient outcomes such as less pain and shorter recovery times compared to manual surgery.”
• TOMRA Systems ASA (1.53%)

  Through its advanced sorting technology, TOMRA has achieved a leading position in the recycling industry. It has 75% of the global market for making reverse vending machines, where consumers return aluminum, glass, and plastic beverage containers for recycling. TOMRA has 55%–65% of the global market for systems that allow recycling facilities to separate materials such as metal cans, plastic, and paper. This has led TOMRA to be named one of the 100 Most Sustainable Companies in the World by Global Knights, as well as being rated in the top 5% of all companies in terms of social responsibility by EcoVadis, a consulting firm that rates firms on sustainability measures.
• Aptiv PLC (1.41%)

  Aptiv is a supplier to the auto industry, providing wires and connectors that comprise a vehicle’s electrical architecture. Aptiv stands to benefit as electric vehicles are adopted. The company states it has $1,200 worth of addressable content in an electric vehicle versus $500 worth of addressable content in a vehicle with an internal combustion engine. The adoption of electric vehicles should be beneficial for the environment. An analysis by the Wall Street Journal in 2021 found that a Tesla Model 3 emits less than half the greenhouse gases as a Toyota Rav 4 (from the start of manufacturing through a 200,000 mile lifespan). Electric vehicles’ advantage should increase as the grid becomes increasingly powered by renewables.

• Cloudflare, Inc. Class A (1.39%)

  Cloudflare operates a content delivery network. CDNs enable faster delivery of website content by placing servers containing website content in multiple locations across the world, thereby making the information being accessed geographically closer to the end user. Cloudflare focuses on integrating cybersecurity into its CDN to “help ensure that external-facing infrastructure (including Internet properties such as websites, applications, and APIs) that are exposed to the Internet are safe from attack.” Cloudflare also helps customers secure their corporate networks. As cyber threats increase, cybersecurity solutions from companies such as Cloudflare should be in increasing demand.
• SoFi Technologies, Inc. (1.33%)

  SoFi is an online bank that does not operate physical branches. SoFi can grow as younger generations place less importance on physical branches. SoFi provides financial education for its members, which can be especially important for younger members. SoFi writes, “Our members have continuous access to our certified financial planners (“CFPs”), our career advice services… educational material, news, and our tools and calculators.”
• Nextracker Inc. Class A Com (1.30%)

  Nextracker’s systems improve the efficiency of utility-scale solar projects. Nextracker’s metal frames attach to the underside of solar panels and alter the position of the panel to track the sun, resulting in a roughly 25% increase in energy production.
• Novo Nordisk A/S – Spons ADR (1.04%)

  A leading pharmaceutical that focuses primarily on diabetes, Novo Nordisk has consistently been recognized for its commitment to social responsibility issues. This is partly due to the fact that the Novo Nordisk Foundation controls 28% of the company’s stock and 75% of the votes. The Foundation gives $300 million per year to support better health and a sustainable society.
• Crispr Therapeutics AG (0.93%)

  Crispr Therapeutics is a gene editing company. Gene editing is a revolutionary approach to treating disease, as it looks to fix the underlying genetic cause of the disease with a one-time treatment.
• L’Oréal (0.89%)

  Headquartered in France, L’Oréal is the world’s largest cosmetic company. It was rated by Equileap as the #1 company on its 2017 Global Gender Equality ranking. This analysis covered over 3,000 companies across 23 countries. The company has reduced its carbon emissions by an astounding 67% since 2005, despite production having increased by 29%. 100% of electricity for its U.S. manufacturing comes from renewable sources. L’Oréal no longer tests any of its products or any of its ingredients on animals, anywhere in the world. Nor does it delegate this task to others. In China, the government still conducts some animal testing on beauty products. L’Oréal has been working with them to end this practice.
• Grail Inc. Com (0.87%)

  Grail’s Galleri test tries to identify more than fifty types of cancer from a blood sample — this test is sometimes called a liquid biopsy. Grail writes, “Adding multi-cancer early detection gives healthcare providers a chance to screen for cancers that often remain asymptomatic until it is too late to meaningfully intervene.”
• ARM Holdings PLC (0.85%)

  ARM licenses intellectual property to design microprocessors, or central processing units (CPUs), to semiconductor (chip) companies. CPUs are described as the “brains” of a computer or other electronic device. Arm’s CPU designs have historically consumed less power than competing x86 designs made by companies such as Intel, which led to Arm’s designs becoming the standard in cell phones. Today, the number of data centers are increasing as artificial intelligence drives demand for computing power. Arm says using its designs could save the major cloud computing providers, such as AWS and Microsoft, upwards of 15% their total data center power.
• Enovix Corp. (0.68%)

  Enovix is primarily targeting the mobile phone market with its batteries that have greater energy density than current batteries. Enovix states its batteries “are designed to store more energy, enabling consumer electronics products to last longer on a single charge and potentially reduce the number of batteries needed to power applications.”
• Cash and Cash Equivalents (0.26%)
• Walden Mutual Bank (New Hampshire) (0.06%)

  Walden Mutual Bank is distinctive in several ways. It is the first nationwide, mutually owned bank started in the last fifty years. That means it is owned and governed by depositors. Most importantly, the bank’s mission is to support sustainable agriculture.
• Latino Community CD (0.03%)

  Latino Community Credit Union (LCCU) is a community development financial institution (CDFI) with a mission to provide ethical financial products and education to empower communities. LCCU provides fully bilingual English and Spanish services to communities across the state of North Carolina through 15 branches. They also offer mortgage services in several other states.