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Humankind’s first sustainable US Stock ETF reaches AUM milestone within months of launch
NEW YORK, October 13, 2021--(BUSINESS WIRE)--Humankind Investments, a quantitatively driven asset manager specializing in socially responsible investments, announced today that its first exchange traded fund (ETF), the Humankind US Stock ETF (NYSE Arca: HKND), has reached approximately $100 million in assets under management. HKND, launched in February 2021, provides investors broad exposure to US equities with a focus on companies that contribute the greatest value to humanity, as measured by Humankind’s proprietary index. It is the first Registered Investment Company to file with the SEC as a benefit corporation.
Humankind works to bring an authentic and systematic approach to sustainable investing and incorporates a wider scope of issues in its analysis than is typically reflected in traditional financial measurement. Furthermore, the firm’s quantitative assessment of human impact in terms of dollars and cents makes each issue incorporated in its analysis, from air pollution to use of breastfeeding substitutes, more easily comparable than existing models.
"We are proud to have reached this $100m milestone within months of launch and amid the coronavirus pandemic, a testament to both growing investor interest in the sustainable ETF landscape and our unique index methodology," said James Katz, Founder and CEO of Humankind Investments. "Our fresh, quantitative approach to measuring human impact seems to be resonating with investors looking for a differentiated model within a sustainable fund landscape that’s often inauthentic and a mild repackaging of mainstream products."
The firm’s proprietary Humankind US Equity Index tracks the top 1,000 US companies that promote healthier, safer, more equitable and longer lives. The Index’s ranking is based on a quantitative analysis of each company’s positive and negative contributions to society, as measured by its impact on investors, consumers, employees and citizens - defined as its "Humankind Value." This pioneering concept is captured by a single dollar figure that is meant to represent a company’s true social and economic value to humanity.
The firm’s Index scoring methodology draws on a combination of nationally recognized third-party data providers, as well as academic research, government data and NGO data to evaluate a universe of domestic US companies. Those that gain inclusion within the Index are weighted based on their Humankind Value, subject to liquidity and diversification constraints.
Humankind Investments was founded by CEO and former Vanguard analyst James Katz in 2019. Katz and his team bring 50+ years of combined experience to the firm, with previous roles at leading asset management firms and academic institutions.
About Humankind Investments
Humankind Investments, a quantitatively driven investment manager focused on socially responsible investments, was founded on the premise that it would be better for all of us if we widened our perspective and paid close attention to how our investments impacted humankind. Our mission is to give investors concrete and measurable ways to invest in a manner that generates rewards for themselves and for humanity. We offer socially responsible portfolio management services for high-net-worth individuals and institutional clients as well as exchange traded fund products.
HUMANKIND BENEFIT CORPORATION
HUMANKIND US STOCK ETF
The Humankind US Stock ETF (the "Fund") seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Humankind US Equity Index (the "Index"). The Fund’s investment objective may be changed without the consent of the shareholders of the Fund.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Humankind US Stock ETF. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 888-557-6692. The prospectus should be read carefully before investing. The Humankind US Stock ETF is distributed by Northern Lights Distributors, LLC member FINRA/SIPC. Humankind Investments, LLC and Northern Lights Distributors, LLC are not affiliated.
Important Risk Information
The Fund is a recently organized, diversified management investment company with limited operating history.
There is no assurance that the Fund will achieve its investment objective, and you can lose money investing in this Fund. SRI investment risk, which is the chance that stocks screened by the Index Sponsor for SRI criteria generally will underperform the stock market as a whole or that the particular stocks selected for the Index will, in the aggregate, trail returns of other mutual funds or ETFs screened for SRI criteria. In tracking the Index, the Fund may, from time to time, invest more heavily in companies in a particular economic sector or sectors, which would subject the Fund to proportionately higher exposure to the risks of that sector. The profitability of companies in the healthcare sector, as traditionally defined, including healthcare equipment and services companies, may be affected by government regulations and government healthcare programs, increases or decreases in the cost of medical products and services, an increased emphasis on outpatient services, demand for medical products and services and product liability claims, among other factors.
Companies in the technology sector, including information technology companies, may have limited product lines, markets, financial resources or personnel.
Investors in small- and medium-sized companies typically take on greater risk and price volatility than they would by investing in larger, more established companies. The value of your investment in the Fund is based on the values of the Fund’s investments, which may change due to economic and other events that affect markets generally, as well as those that affect particular regions, countries, industries, companies or governments. Although the Fund’s shares are approved for listing on the NYSE Arca (the "Exchange"), there can be no assurance that an active trading market will develop and be maintained for Fund shares. Although Fund shares are listed for trading on the Exchange, there can be no assurance that an active trading market for such shares will develop or be maintained. The Fund is not actively managed and therefore would not sell an equity security due to current or projected underperformance of a security, industry or sector, unless that security is removed from the Index. 7178-NLD-09082021
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