New Strategies ​for​ Impact Invest​ing​ across All Asset Classes

1. New Strategies for Impact Investing across All Asset
Classes
Paul Herman, HIP (Human Impact + Profit) Investor Inc. @hipinvestor
Bridget Croke, Closed Loop Fund @bridgetcroke
Garvin Jabusch, Green Alpha Advisors @Garvin1313
Robert Fernandez, Breckinridge Capital Advisors

2. Breckinridge Capital Advisors | Sustainable Brands – New Metrics ‘15 2
Breckinridge: ESG Integration in Fixed Income
Corporates
• Informed by MSCI & other leading ESG
researchers
• Analyze reputation & governance risk
• Examine Bloomberg ESG data for trends
• Evaluate CSR quality
Municipals
• First-in-class, sector based
• Informed by STAR Communities, CERES &
AASHE
• Analyze data from US Census, FBI, EPA &
others
• Evaluate sustainability initiatives
ESG Integration
Why
• Risk Mitigation
• Better understanding
of our borrowers
• Longer-term horizon
• PRI Commitment
How
• Internal Frameworks
• Proprietary Scores &
Ratings
• Leverage Technology

3. Breckinridge Capital Advisors | Sustainable Brands – New Metrics ‘15 3
Breckinridge’s ESG Research & Investment Approach
Identify
Best-in-Class
Issuers
Frameworks &
Technology
Fundamental Credit
Analysis
Proprietary Scores &
Ratings

4. Breckinridge Capital Advisors | Sustainable Brands – New Metrics ‘15 4
Sample Taxable Sector Allocation
ESG Corporate
Taxable Municipal
Government
Breckinridge’s Taxable Sustainable Strategy
Portfolio Characteristics
• AA average rating
• Diversified across multiple sectors
• 5% Maximum issuers (Target 1-3%)
• Composite benchmarks
• Taxable: Barclays US Intermediate Gov/Credit
• Custom benchmarks available