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Objective

Seeks to track the performance of the FTSE4Good U.S. Select Index, the benchmark index, which is comprised of large- and mid-capitalization stocks screened for certain environmental, social, and corporate governance (ESG) criteria.

Strategy

The Social Awareness Fund allows investors to participate in the U.S. stock market while explicitly avoiding investments in the adult entertainment, alcohol, tobacco, weapons, fossil fuels, gambling, and nuclear power industries. The Social Awareness Fund also excludes certain companies that do not meet the standards of U.N. global compact principles and companies that do not meet certain diversity criteria. The manager of this fund will track the performance of the FTSE4Good U.S, Select Index. The net return will be the result of the investment return of the companies in this benchmark index less investment and administration expenses.

Historically, over long periods of time, the U.S. equity (stock) market has tended to provide higher returns than other investments, such as bonds or money market instruments.

Beginning November 1, 2020, the Social Awareness Fund will employ a passively managed, full-replication investment approach designed to track the performance of the FTSE4Good US Select Index. This is a market cap weighted index, composed of large- and mid-capitalization stocks, which is screened for certain environmental, social, and corporate governance (ESG) criteria. The Social Awareness Fund allows investors to participate in the U.S. stock market while explicitly avoiding investments in the adult entertainment, alcohol, tobacco, weapons, fossil fuels, gambling, and nuclear power industries. The Social Awareness Fund also excludes certain companies that do not meet the standards of U.N. global compact principles and companies that do not meet certain diversity criteria.

All securities investments risk the loss of capital. Since this fund is invested entirely in equities (stocks), the chance of losing a percentage of the original investment is much higher than with some other investment options.

The stock market can be volatile. Although, over long periods of time, investors may enjoy higher returns than some other options may produce, they can also lose more money than in some other options. Sharp and unpredictable changes in value, either positive or negative, can be especially acute over shorter periods of time.

ESG investing risk: the chance that the stocks screened by the index sponsor for ESG criteria generally will underperform the stock market as a whole or that the particular stocks selected for the FTSE4Good US Select Index will, in the aggregate, trail returns of other funds screened for ESG criteria. There are significant differences in interpretations of what it means for a company to meet ESG criteria. The index provider’s assessment of a company, based on the company’s level of involvement in a particular industry or the index provider’s own ESG criteria, may differ from that of other funds or of an advisor’s or an investor’s assessment of such a company. As a result, the companies deemed eligible by the index provider may not reflect the beliefs and values of any particular investor and may not exhibit positive or favorable ESG characteristics. The components of the index are likely to change over time.

The information contained herein is for general purpose only. The use of our information should be based on your due diligence and MMBB will not be liable for any success or failure that is directly or indirectly related to the use of the information contained herein. MMBB assumes no responsibility for errors or omissions in the content herein. The information contained herein does not constitute a complete description of our investment services and it does not constitute any tax, legal, financial, or investment advice. In no event shall, MMBB be liable for any special, direct, indirect, consequential, or incidental damages, or any damages whatsoever, whether in action of contract, negligence or tort, arising out of or in connection with the use of the information contained herein.

The performance of the Social Awareness Fund for varying lengths of time is summarized below. Longer periods capture varying economic and market conditions.
TOTAL RETURN AS OF November 27, 2020
1 Day YTD 1 Year 3 Years 5 Years 10 Years
0.47% 12.93% 15.85% 11.52% 11.16% 11.19%
CALENDAR YEAR RETURNS
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
9.46% -5.08% 10.49% 37.87% 10.15% -0.73% 9.74% 18.14% -6.11% 25.42%
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; performance through the current date may be lower or higher than displayed above due to market fluctuations, manager performance or other reasons.

Total Annual Expenses (1)

Total Estimated Fund Expenses
Investment Management Fees0.12%
MMBB Administrative Charge0.50%
Other Expenses0.13%
Total Estimated Annual Expenses.75%

(1) Commencing 11/1/20

*With all MMBB fund offerings, there are no sales charges on purchases, deferred sales charges, short-term or other redemption fees, distribution or 12b-1 fees, dealer commissions or low-balance account service fees.