Launch of EEOF - A New Mutual Fund based on GEOS

We are very excited to announce, effective September 1, 2017, we have launched the Essex Environmental Opportunities Fund (EEOF) here at Essex Investment Management! This new mutual fund invests in the equity shares of companies that we believe are solving the climate crisis – allowing economies to grow with less carbon pollution and natural resource use. EEOF enables sustainability, as the technologies represented by the Fund holdings address some of the greatest challenges today, as increased urbanization in the fastest growing economies of the world place increased stresses on the environment and natural resources. The Essex Environmental Opportunities Fund invests with several areas of focus, such as smart cities (those that are installing infrastructure such as LED lighting and software-driven meters), efficient transport and water. The Fund addresses global challenges that are complex and increasingly urgent, such as water access and quality, and the need to increase crop productivity while deploying less chemicals.

 

The Essex Environmental Opportunities Fund is based on our long-standing institutional investment effort in public equities centered on environmental solutions, the Essex Global Environmental Opportunities Strategy (GEOS), and will be the same portfolio of global equity securities. Rob Uek and I have been managing GEOS here at Essex since June 30, 2009 for institutional investors through separate accounts. We started the mutual fund – EEOF to allow greater access and liquidity for both retail and institutional investors, harnessing our domain expertise garnered from our collective 20 years of experience in environmental investing in listed equities. The Fund will be offered in two share classes, institutional (ticker GEOSX) and retail shares (ticker EEOFX). Our distribution and mutual fund services partner for the Fund is Ultimus Fund Solutions, founded in 1999 and based in Cincinnati.

 

Please look to this space for our commentary on developments in the new energy and clean technology arena, and we look forward to speaking with you this fall, during our roll-out.

 

Bill Page and Rob Uek

 

Disclosure:

The value of the Fund's shares, when redeemed, may be worth more or less than their original cost.  Given the significant differences between separately managed accounts and mutual funds, investors should consider the differences in expenses, tax implications the overall objectives between separately managed accounts and mutual funds before investing.  Past performance of the strategy/separately managed account is not indicative of future performance of the Fund.  Because the Adviser's GEOS criteria exclude securities of certain issuers for non-financial reasons, the Fund may forego some market opportunities available to funds that do not follow the environmental themes inherent in the GEOS strategy.  The Fund's direct or indirect investments in foreign securities involve risks not associated with investing in US securities that can adversely affect the Fund's performance.  There is no guarantee that this, or any, investing strategy will be successful.