Comparing Your Humankind Portfolio to a Traditional Portfolio

We’ve selected seven indexes that we use to build our Humankind Portfolios. We have worked to screen these indexes based on how much value they create for humanity, or their Humankind Value. Humankind Value is a proprietary metric that is meant to capture the total economic impact that companies have on humanity – including investors, customers, employees, and society at large. By investing in this way, we hope to use the power of our investments to improve our financial system and make it work better for humanity. The list of Humankind Portfolios indexes is below. Each index is paired with a benchmark index that you might find in a traditional, non-socially responsible investment portfolio. The list of benchmark indexes is below as well.

When we talk about how your portfolio’s human impact metrics are better than a traditional portfolio’s, or how your social impact is measured, we are always comparing your portfolio’s indexes against a hypothetical portfolio constructed using these benchmark indexes to see how your human impact metrics have improved on what a traditional portfolio with the same index weights would give you.

See both sets of indexes below.

When we do our research into each index, we typically use a fund that tracks the index to perform our impact comparison calculations. Our research methodology tends to cover the vast majority of the securities held by these funds. However, in certain cases, we do not (yet) have research about some of the holdings.

Below please find the percentage of each index, by holdings weight, that our research has covered. Note that our human impact estimates are limited to the holdings in the indexes that we have research for.

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Advisory services provided to clients by Humankind Investments LLC (“Humankind”), an SEC-registered investment adviser.

Brokerage services provided to clients by Apex Clearing Corporation, an SEC-registered broker-dealer and member of FINRA/SIPC.

Humankind’s internet-based socially responsible advisory service (“Humankind Portfolios” or “the Program”) is designed to assist clients in achieving discrete financial goals. Clients are invested in portfolios of securities selected by Humankind based upon information provided by clients to Humankind. The investments that comprise the portfolios consist of various exchange-traded funds (“ETFs”), including an ETF from a fund family managed by Humankind and can include additional ETFs managed by Humankind in the future (collectively referred to as “Humankind ETFs”). Investments in Humankind ETFs in the portfolios can vary from no investments in Humankind ETFs to a majority of the portfolio consisting of Humankind ETFs. Clients can opt out of investing in Humankind ETFs in the portfolios. The ADV (Form ADV brochure and brochure supplement) and Investment Management Agreement (Advisory Agreement) for the Program describe the conflicts of interest presented by the Program and the actions Humankind takes to address them.

Humankind uses a proprietary metric, called “Humankind Value” to select and manage the ETFs that comprise the investments in client portfolios. Humankind Value is a single dollar value which is intended to capture the aggregate worth of a company based upon its economic impact on humanity, defined as investors, customers, employees, and society at large. It is important to understand that this single dollar value of Humankind Value for a company is not a precise measurement of the economic impact that companies have on humanity – rather, it represents a good faith estimate based on Humankind’s internal model of how these companies behave and what the estimated impact on humanity of their behavior is. In other words, Humankind seeks to create a simplified mathematical representation of the real world and are using that to derive this single dollar value for a company. See the Form ADV brochure and brochure supplement for additional information on this metric and how Humankind uses it in its investment advisory process.

Humankind may also present to clients estimates of the human impact of their portfolio as compared with a standard benchmark portfolio, across a sampling of themes. For example, without limitation, Humankind may present the number of cigarettes smoked their portfolio is responsible for as compared with the benchmark portfolio, or the number of people that their portfolio has provided access to clean water to as opposed to the standard benchmark portfolio, etc. It’s important to understand that these individual human impacts presented to clients are not a precise measurement– rather, they represent a good faith estimate based on our internal methodology. This human impact estimate methodology is made available to clients.

The Program is not intended to provide comprehensive financial planning with respect to every aspect of a client's financial situation and does not incorporate specific investments that clients hold elsewhere. Additionally, the Program does not customize investment portfolio construction based on clients' unique ethical preferences. Information on clients’ unique ethical preferences that is collected by the Program can be used for customized client communications. Before investing, consider your investment objectives and the Program’s fees and expenses. For more details about the Program, see our Form CRS, Form ADV brochure, and brochure supplement.

Investing involves risk and there is the potential of losing money when you invest in securities. Past performance does not guarantee future results.