Premier Fixed Income Investment Management

Transcription

1 Asset Management Premier Fixed Income Investment Management + = Customized Bond Portfolios For Impact Investors

2 HIP Criteria HIP s 5 Dimensions of Measurable Impact Can Lead to Sustainable, Profitable Growth HIP companies innovate to answer five human needs: Which can result in sustainable, profitable growth for all stakeholders: Health Wealth Earth Equality Trust Physical Health Mental Agility Income Growth Asset Accumulation Carbon Neutrality Reusable Products Gender Balance Ethnic Diversity Transparent & Open Credible & Ethical Innovative Products + Services Inspired People + Teamwork Increased Profits + Returns Improved Planet + Society 2

3 HIP Process The HIP Methodology Process Scores, Rates and Ranks Investments HIP Dimensions 1 Products & Services 2 Operating Metrics 3 Mgmt Decisions 4 Score 5 Index Weighting Quantifiable Impact Analytics based on 30 quantifiable metrics Recognizes new opportunities and risks HIP fundamentals drive weighting of portfolio 3

4 What s My Exposure? Selecting Muni Bonds Intermountain Power Coal-fired power plants in Utah SCPPA: Southern California Public Power Authority Wind farms on Columbia River CONFIDENTIAL HIP Investor Inc. 4

5 HIP Comparison Pharma Industry Teva Pharmaceuticals World s leading generic drug maker Strong top and bottom line growth trajectory due to smart acquisition history HIP rating Below Average because : - TEVA s lack of information and transparency in many areas that drive higher impact, including its supply-chain sustainability, energy usage and wealth-building for employees + However, TEVA does have strong performance in worker safety, worker retention, and customer satisfaction Johnson & Johnson Global leader in healthcare products and services Strong cash flow and balance sheet characteristics HIP rating in Top Quartile because: + JNJ s Board and executive team enables transparency and publishes commitments to achieving impact and sustainability as well as financial goals + JNJ s quantifiable results and process discipline in international quality control, employee health and safety, and environmental performance are strong - However, JNJ s product recalls in several business units drags down the potential impact, and creates financial volatility in lower revenue, higher cost and shifted market value 5

6 Disclosures These materials are provided by SNW Asset Management, LLC ( SNW or the Firm ) for informational purposes only. Investing involves the risk of loss and investors should be prepared to bear potential losses. Past performance may not be indicative of future results and may have been impacted by events and economic conditions that will not prevail in the future. No portion of this commentary is to be construed as a solicitation to buy or sell a security or the provision of personalized investment, tax or legal advice. Certain information is derived from sources that SNW believes to be reliable; however, the Firm does not guarantee the accuracy or timeliness of such information and assumes no liability for any resulting damages. Any reference to a market index is included for illustrative purposes only, as it is not possible to directly invest in an index. SNW is a federally registered investment adviser that maintains a principal place of business in the State of Washington. The Firm may only transact business in those states in which it is notice filed or qualifies for a corresponding exemption from such requirements. For information about SNW s registration status and business operations, please consult the Firm s Form ADV disclosure documents, the most recent versions of which are available on the SEC s Investment Adviser Public Disclosure website at 6