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The Appleseed Fund primarily allocates its capital to common stocks of companies that its advisor, Pekin Hardy Strauss, Inc. (the "Advisor"), identifies as underpriced. When evaluating potential equity holdings, the Advisor's approach emphasizes a thorough appraisal of a company's worth, specifically seeking significant differences between its internal assessment of intrinsic value and the current market quotation of the investment. This fund maintains a concentrated, non-diversified portfolio.
CHICAGO--(BUSINESS WIRE)--Appleseed Capital, an investment and financial advisory firm that incorporates environmental, social, and governance (“ESG”) criteria into its investment decision-making process, has been named to the 2017 Best for the World: Changemakers Awards List. This is the first year Appleseed Capital has been nominated for the list, created by B Lab, the independent non-profit that certifies companies as B Corps based on rigorous standards for social and environmental performance, public transparency, and legal accountability. The list recognizes those Certified B Corps that have made verified, significant improvements in their business policies and standards. Appleseed Capital—which provides impact-focused, value-oriented investment management services for investment professionals, foundations, family offices and individual investors—has been a Certified B Corp since 2015, and is the only Illinois-based investment advisor with that designation. “Becoming a B Corp was a wonderful opportunity to formalize what we’ve been doing all along, namely focusing on sustainable investing and trying to make a positive difference in the world by how we approach our clients, our employees, our community and our investment decisions,” said Adam Strauss, Appleseed Capital CEO. “We’re thrilled to be recognized for our continuing work going above and beyond maintaining the rigorous standards of certification, and using business as a force for good.” The independent, employee-owned, fee-only firm manages a mutual fund (Appleseed Fund: APPLX) and customized impact investing strategies for its wealth management clients that are focused on sustainable investments in a range of asset classes from markets around the world. “Making a positive difference is an obligation for all companies. We’re proud to provide our clients with investments that allow them to sleep well at night, knowing that their assets are being managed in a way that matches their values,” Strauss added. About Appleseed Capital Based in Chicago, Appleseed Capital is a research-oriented boutique wealth management firm that provides customized portfolio management services and personal financial planning advice. Its investment professionals combine decades of experience with socially responsible investing and on the operational side of socially and environmentally responsible companies. The combination of investing and operating experience enables the firm to better identify undervalued, high-quality, sustainable companies for potential investment. The firm acts as a fiduciary with all of its clients and investors, and is committed to managing investment portfolios and conducting its business operations with the highest level of integrity. To learn more, visit appleseedcapital.com. About B Lab Best for the World Changemakers List Selection Process B-Lab recognized 846 (out of 2,310) certified B Corporations for the 2017 Best for World List. Appleseed Capital was recognized in the category of Changemakers. The Best for the World: Changemakers list honors the certified B Corps with the most verified improvements on questions in the B Corp Impact Assessment over time. This inherently restricts eligibility to Certified B Corps who have completed at least two verified B Corp Impact Assessments. The algorithm used to calculate the Changemakers list assesses positive change made on individual questions. Efforts were made to exclude what is termed “standards-based change,” such as changes in score resulting from a company moving to a different track or version of the assessment. This leaves behind only genuine improvements a company has made, and Honorees on the Best for the World: Changemakers list represent the top 20th percentile on this measure as of June 20th, 2017. Appleseed Capital pays a membership fee to B-Lab but has no other affiliation. You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 1-800-470-1029. The Appleseed Fund is distributed by Unified Financial Securities, LLC.
CHICAGO--(BUSINESS WIRE)--Pekin Singer Strauss Asset Management, an independent wealth management firm and advisor to Appleseed Fund (APPLX, APPIX), appeared on Financial Advisor (FA)’s 2016 Registered Investment Advisor (RIA) ranking. “We’re thrilled to be recognized for the work we do as an independent financial advisor,” said Adam Strauss, co-CEO of Pekin Singer Strauss. “We’ve been serving wealth management clients for over 25 years with a wide range of services including financial planning, money management, value investing, and ESG investing. Our clients’ trust is by far our firm’s most important asset.” The July issue of FA, a financial services industry trade publication, recognizes the nation’s top registered investment advisor firms. To be eligible for this ranking, firms must be independent registered investment advisors (RIAs), provide financial planning and related services to clients, file their own ADV statement with the SEC, and have at least $50 million in assets under management as of December 31, 2015. FA Online’s July articles also feature an interview with Matthew Blume and Colin Rennich of Pekin Singer Strauss discussing its role with the Appleseed Fund. Created by the firm in 2006, the actively-managed ESG mutual fund has more than $196 million under management and seeks to generate market-beating returns by making prudent, disciplined and sustainable investments in a variety of asset classes around the world. About Pekin Singer Strauss Asset Management Founded in 1990, Pekin Singer Strauss Asset Management is a leading independent financial adviser that offers wealth management services and serves as the adviser to a value-oriented mutual fund. The firm provides its high-net-worth clients with thoughtful financial advice, comprehensive financial plans and custom investment portfolios. Pekin Singer Strauss Asset Management is dedicated to delivering superior risk-adjusted returns by pursuing a disciplined value investing approach that minimizes investment risk with investors’ capital. The employee-owned, Chicago-based firm is committed to maintaining the highest standards of ethics and objectivity. Pekin Singer Strauss Asset Management is registered with the SEC as an investment adviser, and the firm is a certified B Corporation. For more information, please visit www.pekinsinger.com. About Appleseed Fund You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. Investing involves risk, including loss of principal. The Fund’s prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund’s prospectus by calling 1-800-470-1029. Investing involves risk, including loss of principal. There can be no assurance that the Fund’s investment strategy will succeed. Appleseed Fund is distributed by Unified Financial Securities, LLC. (Member FINRA). For more information about Appleseed Fund, please visit www.appleseedfund.com.
CHICAGO--(BUSINESS WIRE)--A three-year shareholder advocacy effort led by Pekin Singer Strauss Asset Management, on behalf of Appleseed Fund (APPLX), has yielded a sustainability report from energy services company Nabors Industries Ltd. (NBR). Nabors published its first-ever sustainability report in December focused on its fiscal year 2014 oil and gas drilling operations, and containing additional environmental, social and governance disclosures. “The report provides transparency about the risks the company faces,” said Matthew Blume, Pekin Singer Strauss manager of shareholder advocacy. “It also confirms that Nabors’ management recognizes the importance of a sustainable operation and its duty to communicate with its shareholders.” Pekin Singer first asked Nabors for an annual sustainability report in 2012. To place additional pressure on the board, the firm filed shareholder resolutions in 2014 and 2015, requesting a sustainability report and outlining the data to be included. The first resolution was approved by 43.5 percent of votes cast. “We were thrilled, since many resolutions struggle to cross the 10 percent threshold initially,” Blume said. Bolstered by the support, Pekin Singer refiled the resolution in 2015 and received approval by 51.5 percent of votes cast. “Nabors’ sustainability report is a great step in the right direction, and we commend management and the board for their efforts,” Blume said. He added that Pekin Singer Strauss is currently in dialogue with Nabors regarding additional disclosures concerning water usage, fuel consumption and carbon dioxide emissions that shareholders hope to see in future sustainability reports. “We’ll continue working with management to ensure that Nabors’ disclosures provide shareholders with the most important and relevant information about the business. The report is an important first step toward what we hope will be a sustained effort to improve transparency and corporate governance,” he concluded. About Pekin Singer Strauss Asset Management Founded in 1990, Pekin Singer Strauss Asset Management is a leading independent investment adviser that offers wealth management services and serves as the adviser to a value-oriented mutual fund. The firm provides its high-net-worth clients with thoughtful financial advice, comprehensive financial plans and custom investment portfolios. Pekin Singer Strauss Asset Management is dedicated to delivering superior risk-adjusted returns by pursuing a disciplined value investing approach that minimizes investment risk with investors' capital. The employee-owned, Chicago-based firm is committed to maintaining the highest standards of ethics and objectivity. For more information, visit www.pekinsinger.com. Singer Strauss Asset Management is registered with the SEC as an investment adviser, and the firm is a certified B Corporation. You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. Investing involves risk, including loss of principal. The Fund’s prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund’s prospectus by calling 1-800-470-1029. As of 12/31/2015 Appleseed had the following allocation to the mentioned securities: NBR 0.85%. The holdings of Appleseed Fund may change due to ongoing management of the Appleseed Fund investment portfolio. References to specific investments should not be construed as a recommendation of a security by the Fund, its advisor, administrator, or distributor. The Appleseed Fund is distributed by Unified Financial Securities, LLC. (Member FINRA) © Appleseed Fund 2006 - 2015 | Privacy Policy
CHICAGO--(BUSINESS WIRE)--Appleseed Fund (NYSE: APPLX, APPIX), a go-anywhere value mutual fund, has added to its community investment portfolio by purchasing certificates of deposit in Spring Bank, a Bronx, New York-based community bank. “Where appropriate, we invest a portion of our cash with community development banks and community-based credit unions, which in turn provide high-impact loans to individuals, businesses and nonprofits that are under-served by traditional banks,” explained Josh Strauss, Appleseed Fund portfolio co-manager. “Historically, we’ve held as much as two percent of our portfolio in cash instruments that make a direct, positive impact on local communities.” The $260 million mutual fund has made similar investments in other community development banks and credit unions such as Beneficial State Bank, Community Bank of the Bay, Self-Help Credit Union and Sunrise Banks. The approach, according to Strauss, helps Appleseed Fund make an impact with its cash allocation while maintaining competitive returns and liquidity. In identifying Spring Bank as an investment target, Appleseed Fund supplemented its due diligence efforts with research from National Community Investment Fund (NCIF), a Chicago-based nonprofit private equity trust that invests in banks, thrifts and credit unions nationwide that generate both financial and social returns. NCIF provided Appleseed Fund with a report to evaluate financial institutions’ social performance metrics and key financial indicators. “Our analyses helped Appleseed Fund identify Spring Bank as a promising purchase for Appleseed Fund’s community investment portfolio, and we are proud to be partnering with them,” said Saurabh Narain, president and CEO of NCIF, which previously provided the Fund with supplemental analysis on Community Bank of the Bay, another Appleseed Fund investment. “Community development banking moves money in ways that help low-income communities,” said Brian A. Blake, Spring Bank vice president. “Appleseed Fund and NCIF are leading a powerful movement to encourage economic development and financial inclusion.” About Spring Bank Founded in 2007, Spring Bank is an FDIC-insured, independent community bank headquartered in the Bronx, New York. The primary mission of the Bank is to provide innovative consumer loans and accessible accounts so that low-wealth customers may benefit from mainstream banking. An SBA Preferred Lending Partner, Spring Bank is equally committed to supporting locally owned businesses through affordable loans, stimulating job growth and the virtuous cycle of economic self-determination. For the past three years Spring Bank has been the recipient of the U.S. Treasury’s prestigious Bank Enterprise Awards, demonstrating its commitment to sustainable and effective lending in designated persistent poverty areas. In 2014 was the recipient of a major “FA” award to assist in the launch of its innovative Borrow-And-Save small dollar consumer loan. About National Community Investment Fund National Community Investment Fund (NCIF) is a nonprofit private equity trust that invests in banks, thrifts and credit unions that generate both financial and social returns. NCIF has total assets under management of $228 million, including $206 million of New Markets Tax Credits. NCIF is the largest investor in mission-oriented CDFI banks that are focused on underserved communities — particularly on low- to moderate-income communities that may be located in urban, rural or Native American markets, and may be minority owned or minority focused. Since its inception in 1996, NCIF has invested over $41.8 million in 55 financial institutions nationwide that have generated over $7 billion in loans in underserved markets nationally. About Appleseed Fund Appleseed Fund is a mutual fund with more than $260 million under management that seeks to generate market-beating returns by making prudent, disciplined and sustainable investments in a variety of asset classes around the world. The Fund is managed by Pekin Singer Strauss Asset Management, an SEC registered firm dedicated to value investing. The portfolio co-managers are Josh Strauss, Bill Pekin and Adam Strauss. As of March 31, 2015, the Fund’s top five equity holdings were Samsung Electronics, Yahoo!, Teradata Corp., Mosaic Co. and Adidas. For more information, visit appleseedfund.com. Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. As of 03/31/2015 Appleseed Fund had the following holdings in its top ten; 005930-KR 4.5%, YHOO 4.4%, TDC 4.0%, MOS 3.9%, ADS.DE 3.6%, OAK 3.6%, AGK 3.5%, WSH 3.5%, VZ 2.9%, 5310-JP 2.9%. You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund’s prospectus contains this and other information about the Fund and should be read carefully before investing. You may obtain a current copy of the Fund’s prospectus by calling 1-800-470-1029. Distributed by Unified Financial Securities, Inc., 2960 North Meridian Street, Suite 300, Indianapolis, IN 46208. (Member FINRA)
CHICAGO--(BUSINESS WIRE)--After reviewing information distributed by both Polar Securities Inc. and Central GoldTrust, Pekin Singer Strauss Asset Management has announced that it intends to vote in favor of Polar’s proposal to amend the trust’s unit redemption features. The proposed initiative, to be addressed at Central GoldTrust’s May 1 annual unitholder meeting, will allow redemptions of 100 percent net asset value for those requesting a gold redemption and 95 percent net asset value for those requesting a cash redemption. “Polar’s proposal to unlock unitholder value is proven and straightforward. If implemented, we can expect a decrease in the trading discount of Central GoldTrust units and maximized value for all unitholders,” said Adam Strauss, co-CEO of Pekin Singer Strauss, investment advisor to high-net-worth individuals and Appleseed Fund (NYSE: APPLX, APPIX), a go-anywhere value fund where Central GoldTrust is a top holding. “We urge Central GoldTrust management to reconsider its rejection of Polar’s proposal,” he said. Since 2010, Pekin Singer Strauss – on behalf of its separately managed accounts and Appleseed Fund -- has purchased more than 1.2 million units of Central GoldTrust, a Canadian-based closed-end fund that owns and holds gold bullion. “As a long-term U.S.-based holder of Central GoldTrust units, we fully support Polar’s redemption proposal,” said Strauss. About Pekin Singer Strauss Asset Management Founded in 1990, Pekin Singer Strauss Asset Management is a leading Chicago-based wealth management firm that provides its high-net-worth clients with thoughtful financial advice, comprehensive financial plans and customized investment portfolios. It has generated superior returns over time by pursuing a disciplined value investing approach which minimizes investment risk with clients’ capital. The independent, employee-owned firm is committed to maintaining the highest standards of ethics and objectivity and to serving as its clients’ trusted advisor. For more information, visit www.pekinsinger.com. Pekin Singer Strauss Asset Management is registered with the SEC as an investment adviser. About Appleseed Fund Appleseed Fund is a mutual fund that seeks to generate market-beating returns by making, prudent, disciplined, and sustainable investments in a variety of asset classes around the world. The Fund is managed by Pekin Singer Strauss Asset Management. For more information, visit www.appleseedfund.com. Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Investments in commodities may be affected by overall market movements, changes in interest rates, and other factors such as weather, disease, embargoes and international economic and political developments. Commodities are assets that have tangible properties, such as oil, metals, and agricultural products. These instruments may subject the Fund to greater volatility than investments in traditional securities. As of 12/31/2014 Appleseed Fund invested 13.1% of its portfolio into Central GoldTrust (NYSE: GTU). You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund’s prospectus contains this and other information about the Fund and should be read carefully before investing. You may obtain a current copy of the Fund’s prospectus by calling 1-800-470-1029. Distributed by Unified Financial Securities, Inc., 2960 North Meridian Street, Suite 300, Indianapolis, IN 46208. (Member FINRA)