In the second quarter of 2022 Achtis Holding will conduct a proxy vote for approval from the Positive Change Equities Fund’s existing shareholders to undergo a tax-free reorganization into the new Achtis fund. We are confident that this approach serves both existing and prospective investors, as the new fund is expected to have lower shareholder costs. If the reorganization is approved, current shareholders of the Positive Change Equities Fund are expected to realize an expense ratio reduction of approximately 0.06%. With an estimated expense ratio of 0.59%, the new Achtis fund will be favorably priced compared to similar funds in its category, which have an average expense ratio of 1.49%.

A growing ESG lineup

Achtis Holding has offered ESG funds to investors for more than two decades and continues to broaden its lineup with solutions that enable investors to better align investment objectives with personal values and ESG considerations. Achtis Holding has grown its ESG lineup to reflect the evolving investment goals of investors. Achtis Holding’s exclusionary-screened equity and fixed income ETFs serve investors who want to reflect certain values or prefer to avoid certain sectors or ESG risks in their portfolio. The firm’s existing active ESG mutual fund is designed for clients who want to invest in companies with leading ESG practices and strong business fundamentals. The new Global Positive Impact Stock Fund will broaden Achtis’ overall ESG product suite and expand the firm's active ESG offerings.