Industry leaders recognize the first-ever nonprofit ETF issuer for
innovation in impact investing
NEW YORK–(BUSINESS WIRE)–Impact
Shares, the first 501(c)(3) nonprofit exchange-traded fund (ETF)
platform, is proud to announce it has won the “Most Innovative ETF
Issuer of the Year” award at the 2018 ETF.com Awards, as well as the
“New ESG/Impact ETF of the Year” recognition at the Mutual Fund Industry
& ETF Awards 2019.
The “Most Innovative ETF Issuer of the Year” accolade issued by ETF.com
is awarded to the ETF issuer that has launched the most innovative and
groundbreaking ETFs in 2018. Impact Shares was selected among six
finalists by a majority vote of the ETF.com Awards Selection Committee,
a group of independent ETF experts from throughout the ETF community.
Impact Shares was also awarded “New ESG/Impact ETF of the Year” by the
judging panel at Fund Intelligence’s Mutual Fund Industry & ETF Awards
2019 from a shortlist of four finalists, including Vanguard, DWS and
“We are honored to be recognized as an innovative leader in the asset
management industry by the talented committee of recognized industry
experts convened by ETF.com and
Fund Intelligence,” said Ethan Powell, CEO of Impact Shares. “Socially
responsible investing is an increasingly important issue. We are excited
to continue to employ our investment strategies in pursuit of financial
beta, while working with focused advocacy groups to use capital for
improvements in targeted social issues. We have seen this model work
with nonprofit partners such as the YWCA, NAACP and the United Nations
Capital Development Fund to help change the world of impact investing.”
Impact Shares’ current funds include the Impact
Shares YWCA Women’s Empowerment ETF (WOMN), the Impact
Shares NAACP Minority Empowerment ETF (NACP) and the Impact
Shares Sustainable Development Goals Global Equity ETF (SDGA).
In the first quarter of 2019, Impact Shares received a
multi-million-dollar investment from the Sarowitzes’ family office (the
founders of Paylocity) into WOMN and NACP. “We are proud to be an early
adopter of this new model of aligning our capital to the advocacy work
of these great social organizations,” says Jim Casselberry, an industry
veteran and CIO of the Sarowitzes’ family office.
The annual ETF.com Awards honors the products, people and companies that
made a difference in the ETF industry in 2018. The full list of award
recipients is available here.
Celebrating its 26th anniversary, Fund Intelligence’s Mutual Fund
Industry & ETF Awards celebrate the innovation shown by managers and
service providers working in the mutual fund and ETF industries. The
shortlist of finalists and honorees can be viewed here.
Investors can learn more about Impact Shares and its ETFs at impactetfs.org.
About Impact Shares
Impact Shares is an ETF issuer and investment manager that is creating a
new and innovative platform for clients seeking maximum social impact
with market returns. Impact Shares’ goal is to build a capital markets
bridge between leading non-profits, investors and corporate America to
direct capital and social engagement on societal priorities. Impact
Shares is a tax-exempt non-profit organization under Section 501(c)(3)
of the Internal Revenue Code. For more information about Impact Shares
Statements in this communication may include forward-looking information
and/or may be based on various assumptions. The forward-looking
statements and other views or opinions expressed herein are made as of
the date of this publication. Actual future results or occurrences may
differ significantly from those anticipated and there is no guarantee
that any particular outcome will come to pass. The statements made
herein are subject to change at any time. Impact Shares disclaims any
obligation to update or revise any statements or views expressed herein.
Carefully consider the Fund’s investment objective, risk factors, and
expenses before investing. This and additional information can be found
in the Impact Shares statutory and summary prospectus, which may be
obtained by calling 855-267-3837, or by visiting ImpactShares.com. Read
the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal.
Shares of any ETF are bought and sold at market price (not NAV), may
trade at a discount or premium to NAV and are not individually redeemed
from the Fund. Brokerage commissions will reduce returns. Narrowly
focused investments and investments in smaller companies typically
exhibit higher volatility. Investments in commodities are subject to
higher volatility than more traditional investments. The Fund may invest
in derivatives, which are often more volatile than other investments and
may magnify the Fund’s gains or losses. The Fund is non-diversified.
Impact Shares NAACP Minority Empowerment ETF, Impact Shares YWCA
Minority Empowerment ETF and Impact Shares Sustainable Development Goals
Global Equity Fund ETF are distributed by SEI Investments Distribution
Co. (SIDCO), which is not affiliated with Impact Shares Corp., the
Investment Adviser for the Fund.