Social Action Fund Strengthens Corporate Engagement
For much of United Church Funds' first 100 years, socially responsible investing has remained an important value for our investors. Besides screening out companies that derive significant revenues from alcohol, tobacco, gambling and military weapons, we strive to remain an active shareholder by voting proxies and participating in shareholder resolutions to press for better corporate practices. Because some avenues of management engagement require investors to have held at least $2,000 of a stock for one year, UCF has set aside some of its unrestricted (and non-investor) assets to create the Social Action Fund: a portfolio that will hold shares of specific companies of particular interest to the UCC and General Synod.
For the most part, the companies whose shares will be held by the Social Action Fund will include those whose business activities have been addressed by General Synod. For example, Smithfield Farms, whose labor practices have resulted in General Synod resolutions calling for changes in the way the company treats its workers, will be an initial holding of the Social Action Fund, giving UCF’s social responsibility ministry an opportunity to engage more effectively with corporate management. Visit our new CSR Update to remain up-to-date on these and other social responsibility issues.
Net Asset Values
as of 09/03/2010
| Fixed-Income | 4.7382 |
 |
|
| EQUITY FUNDS | |
| Domestic Core | 8.7884 |
| International | 10.3561 |
| Small Cap | 8.2327 |
| Total Equity | 9.1517 |
|
|
| BALANCED FUNDS | |
| Conservative | 10.2429 |
| Moderate | 7.4552 |
| Aggressive | 9.4655 |
Learn more about our funds