ESG Core Equity

Strategies >Equity Strategies >ESG Core Equity

Invests across the range of market capitalizations and economic sectors in companies that meet Trillium’s sustainability criteria.

Overview
Portfolio
Performance
Documents
Strategy Overview

Invests across the range of market capitalizations and economic sectors in companies that meet Trillium’s sustainability criteria.

Investment Process

Fundamental equity analysts, who divide coverage by sector, are responsible for providing in-depth analysis of companies and generating new buy ideas consistent with the strategy’s high quality approach, including a rigorous integrated review of financial and ESG factors. The Investment Management Committee, comprised of portfolio managers and analysts, meets periodically to review and approve recommendations to the buy-list recommended by the analysts. A strategy team, headed by the lead Portfolio Manager, rebalances the portfolio on at least a quarterly basis to identify the best subset of names from the buy-list at that particular point of time. The team leverages an optimization process that helps monitor and control portfolio characteristic exposures while overweighting companies based on a proprietary alpha score that includes an analyst rating. In this sense, the strategy is fundamentally driven, but quantitatively assisted.

Contact Information

Tom Simunovic
Tom Simunovic
ESG Investment Strategy Specialist and Relationship Manager
tsimunovic@trilliuminvest.com617-532-6673

Portfolio Managers

Elizabeth Levy, CFA
Elizabeth Levy, CFA
Lead Portfolio Manager
Bio >
Laura McGonagle, CFA
Mitali Prasad, CFA
Lead Portfolio Manager
Bio >
Cheryl Smith, CFA, PhD
Cheryl Smith, CFA, PhD
Portfolio Manager
Bio >
Benchmark
S&P 1500
Inception Date
1994
Strategy Assets*
$1.1b
Holdings
65-80
% Top 10 Holdings
35.01%
Initial Position Size
0-5%
Target Tracking Error
3-4%
Sector Deviation +/-
<5%
Annual Turnover
20-40%
Vehicle Type
Separate Account**
* Strategy Assets are supplemental

** Traditional separately managed accounts as well as model delivery through intermediary partnerships.
Portfolio
Equity Characteristics
as of 9/30/24
ESG Core EQUITY
S&P 1500
Market Capitalization
(weighted avg. billions)
$790.15
$919.96
P/E (FTM EST)
23.1x
21.3x
Price/Book
5.5x
4.5x
Est. 3-5 Yr. EPS Growth
14.93%
13.46%
ROIC
22.43%
20.96%
LT Debt/Capital
38.20%
40.35%
Sector Allocation vs. Benchmark
as of 9/30/24
ESG Core EQUITY
S&P 1500
Information Technology
29.4%
30.0%
Industrials
12.3%
9.5%
Financials
11.3%
13.3%
Health Care
11.3%
11.5%
Consumer Discretionary
10.8%
10.4%
Communication Services
6.5%
8.3%
Consumer Staples
7.2%
5.7%
Materials
4.6%
2.6%
Real Estate
4.0%
2.8%
Utilities
2.6%
2.5%
Energy
0.0%
3.4%
Sector Allocation, Equity Characteristics and Top Holdings based on a representative account as of 9/30/2024 and exclude cash.
Performance
As of 9/30/2024
QTR
YTD
1 Year
3 Year
5 Year
10 Year
Inception
(1/1/2007)
Gross of Fees
4.1%
16.8%
30.8%
6.5%
12.2%
10.8%
9.4%
Net of Fees
3.8%
15.5%
28.9%
4.9%
10.6%
9.1%
8.0%
S&P 1500
6.0%
21.3%
35.5%
11.5%
15.6%
13.1%
10.3%
Annualized time-weighted returns for ESG Core Equity composite through 9/30/2024. Time periods less than one year are not annualized. The ESG Core Equity Composite was created on September 14, 2011 and has an inception date of January 1, 2007. Composite Assets are $307.2 million as of 9/30/2024. Past performance is no guarantee of future results.  Every investment carries the potential for both profit and loss.  IMPORTANT: Please see important performance disclosures below.

Trillium Asset Management, LLC (Trillium) claims compliance with the Global Investment Performance Standards (GIPS®). Trillium is an investment advisor registered with the Securities and Exchange Commission under the Investment Advisors act of 1940. For the purposes of establishing and maintaining compliance with the GIPS standards, the firm has elected to define itself exclusive of wrap fee assets under management historically until 10/1/2013. Effective 10/1/2013 the firm has redefined itself to include wrap-fee assets under management. Previously, the firm included only institutional and high net worth accounts. The firm was redefined to include the wrap-fee business to reflect all business lines managed by the organization.

The ESG Core Equity Composite was created on September 14th 2011 and has an inception date of January 1, 2007, and includes all discretionary portfolios managed in the ESG Core Equity style. The U.S. Dollar is the currency used to express valuations and performance.

Trillium ESG Core Equity seeks to provide competitive long-term returns by investing in a well diversified portfolio across a range of market capitalizations. Time-weighted returns are presented for all periods net of trading costs and both net and gross of management fees, includes the reinvestment of all income, and is vested and calculated on a trade date basis.  Net-of-fee performance is calculated using actual management fees from composite inception through December 31, 2012. Beginning January 1, 2013 net composite level returns are calculated by reducing the composite level gross returns by the highest fee of 1.50%. Prior to January 1, 2022, actual fees were used in calculating net returns. All net returns were changed retroactively since 2013 to reflect the highest fee (1.50%).. Individual performance will vary from that of the composite.

Lists, descriptions, and GIPS Reports are available upon request for all Trillium performance composites.

The S&P Indices are widely recognized, unmanaged indices of common stock. It is not possible to invest directly in an index. The S&P 1500 combines three indices, the S&P 500, the S&P MidCap 400, and the S&P SmallCap 600 to cover approximately 90% of the U.S. market capitalization.

Past performance is no guarantee of future results. Every investment carries the potential for both profit and loss. The strategy’s ESG policy could cause it to make or avoid investments that could result in the strategy underperforming similar strategies that do not have an ESG policy.  

Investments in smaller and medium companies generally carry greater risk than is customarily associated with larger companies for various reasons, such as narrower markets, limited financial resources and less liquid stock.

GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.

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