OVERVIEW
Crossmark Israel Impact investment strategy invests in U.S. large-cap companies with ties to the Israeli economy, educational system, and/or Israeli companies. Types of engagement may include direct investment, mergers & acquisitions, local partnerships, and employment. The strategy utilizes both quantitative and qualitative components in the portfolio construction process. We run the stocks in the investible universe through a fundamental multi-factor risk model and optimization tool with the objective of minimizing the active risk of the portfolio relative to the benchmark index. The end goal is to create an optimized portfolio of U.S. large-cap stocks with ties to the Israeli economy that attempts to minimize tracking error to the benchmark index (i.e., the difference in actual performance between the portfolio and its corresponding benchmark).
Snapshot
- Morningstar Category
- US Large Blend
- Inception Date
- 1/1/2017
- Strategy Assets
- $17,983,422
- Investment Minimum
- $250,000
- Average Market Cap (M)
- $324,213
- # of Holdings
- 98
Composite Performance (%)
| Composite Performance (%) | Quarter | YTD | 1 Year | 3 Year | 5 Year | Inception |
|---|---|---|---|---|---|---|
| Crossmark Israel Impact Wrap - Gross | 3.52 | 28.02 | 28.02 | 9.72 | 15.14 | 15.37 |
| Crossmark Israel Impact Wrap - Net | 2.76 | 24.35 | 24.35 | 6.47 | 11.72 | 11.95 |
| S&P 500 | 2.41 | 25.02 | 25.02 | 8.93 | 14.51 | 14.79 |
| Composite Calendar Year Performance (%) | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Crossmark Israel Impact Wrap - Gross | 28.02 | 29.02 | -20.00 | 27.62 | 20.08 | 30.18 | -4.37 | 24.60 |
| Crossmark Israel Impact Wrap - Net | 24.35 | 25.29 | -22.50 | 23.89 | 16.43 | 26.44 | -7.28 | 20.94 |
| S&P 500 | 25.02 | 26.29 | -18.11 | 28.71 | 18.40 | 31.49 | -4.38 | 21.83 |
Composite illustrated is the Crossmark Israel Impact Wrap Composite.
Net performance was calculated using the hypothetical highest annual all-inclusive wrap fee of 3.00% by deducting .25% from each month’s return. Gross performance is shown as supplemental information and is stated as pure gross of all fees as the returns have not been reduced by transaction costs. Wrap fees include Crossmark’s portfolio management fee as well as all charges for trading costs, custody, and other administrative fees. Due to the effect of compounding, annual returns shown net of fees may be lower than the return that would be shown if the fee were deducted from the gross return at a single point in time.
Portfolio Managers
RYAN E. CAYLOR, CFA
Resources
The Crossmark Israel Impact strategy allows investors to exclude companies who violate the Israeli anti-embargo agreement, and invest in companies that have a direct positive impact on the economic growth and stability of the country. The Crossmark Israel Impact Wrap composite is comprised of all discretionary, fee-paying, wrap fee accounts managed using this strategy. The composite has a creation date and inception date of January 1, 2017. For comparison purposes, the composite is measured against the S&P 500 Index. The S&P 500 Index is large capitalization weighted index of 500 U.S. companies generally considered to be representative of stock market activity.
Index returns shown assume the reinvestment of all dividends and distributions.
The U.S. Dollar is the currency used to express performance. The performance reflects the reinvestment of dividends and other earnings to the extent that client accounts included in the composite elected to reinvest dividends and earnings. Performance figures shown gross of fees do not reflect the payment of investment advisory fees.
GIPS is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
All Investments are subject to risks, including the possible loss of principal. Past performance does not guarantee future results. The Israel Impact strategy may not achieve its objective if the managers’ expectations regarding particular securities or markets are not met. Equity investments generally involve two principal risks—market risk and selection risk. The value of equity securities will rise and fall in response to general market and/or economic conditions (equity market risk). The value of any individual equity security will rise and fall in response to the market’s perception of the issuer’s revenues, earnings, balance sheet, credit worthiness, business plan, and overall perception of the viability of the issuer’s business (selection risk).
Crossmark Global Investments, Inc. (Crossmark) is an investment adviser registered with the Securities and Exchange Commission that provides discretionary investment management services to mutual funds, institutions, and individual clients. Investment advice can be provided only after the delivery of Crossmark’s firm Brochure and Brochure Supplement Form ADV (Parts 2A and 2B) and Form CRS, and once a properly executed investment advisory agreement has been entered into by the client. Crossmark claims compliance with the Global Investment Performance Standards (GIPS®). Prospective clients can obtain a GIPS Composite Report by sending a request to: advisorsolutions@crossmarkglobal.com.