Published 07-18-07
Submitted by Portfolio 21 Investments
PORTLAND, OR - July 17, 2007 - Portfolio 21 has outperformed both the MSCI World Equity Index and the S&P 500 Index since the inception of the fund in 1999. Based on the fund's success, Portfolio 21 has introduced an institutional class of shares with a lower expense ratio for clients of investment managers and other institutional investors.
Portfolio 21 Performance as of 6/30/07 | |||||
---|---|---|---|---|---|
2nd Qtr 2007 | 1 Year* | 3 Years* | 5 Years* | Since inception* (9/30/99) | |
Portfolio 21 -Institutional Shares | 6.10% | 28.17% | 17.64% | 14.70% | 7.97% |
MSCI World Index | 6.71% | 24.19% | 17.30% | 14.55% | 5.66% |
S&P 500 Index | 6.28% | 20.59% | 11.67% | 10.70% | 3.73% |
Expense Ratio: 1.22% net/ 1.35% gross** |
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance date current to the most recent month-end may be obtained by calling 877-351-4115 or by visiting www.portfolio21.com. The Fund will assess a 2.00% fee on certain redemptions for shares purchased and held for less than 2 months. Performance data does not reflect the redemption fee. If it had, returns would be lower.
**Portfolio 21 Institutional Shares commenced operations on March 30, 2007. Performance prior to the Fund's commencement of operations is the performance of Portfolio 21 Retail Shares, adjusted for expenses, which commenced operations on September 30, 1999.
Portfolio 21 is a global equity mutual fund investing in companies designing ecologically superior products, using renewable energy, and developing efficient production methods. Portfolio 21 companies seek to prosper in the 21st Century by recognizing environmental sustainability as a fundamental human challenge and a tremendous business opportunity.
"In the coming years, global warming will have an enormous impact on the world economy; companies that are already addressing the risks and opportunities presented by climate change have a big head start," said Spencer Beebe, President of Ecotrust.
Portfolio 21 believes there is a business and investment case for environmental sustainability. "Real opportunities and potential future successes lie in understanding the ecological crisis," said Carsten Henningsen, co-founder of Portfolio 21. "We believe companies that demonstrate this understanding with environmental business strategies have a competitive advantage today and are poised for further leadership and innovation in the future."
The institutional share class has a 1.22% net expense ratio (1.35% gross expense ratio)** and is available with a $1 million minimum investment. Registered investment advisors may purchase institutional shares on behalf of their clients with less than $1 million per account, if the total of all their client accounts in Portfolio 21 is $1 million or more. Other institutional investors, such as defined contribution plans, may also qualify for purchasing institutional shares with less than $1 million per account.
Portfolio 21 returns are compared with the MSCI World Equity Index.
Portfolio 21 Investments provides a palette of investment options for clients who understand the ecological and social risks present in the current market paradigm, and want to make wise investment decisions accordingly. Portfolio 21 Investments is also the investment advisor to Portfolio 21, a no-load mutual fund that manages ecological risk by investing in companies that are designing ecologically superior products, using renewable energy, and developing efficient production methods. In 2004 we started a new company, Upstream 21, which directs capital to small businesses supporting environmental sustainability in the local economy.
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