ESIM targets international companies that Eventide believes create value for multiple stakeholders — not just shareholders but also employees, customers, and communities. This faith-based approach screens out 'sin stocks' while hunting for businesses solving real human problems profitably.
How It Works
The fund actively selects 40-80 international stocks using Eventide's proprietary scoring system that measures both financial strength and positive societal impact. Holdings must pass ethical screens (no tobacco, gambling, abortion-related activities) and demonstrate sustainable competitive advantages. The portfolio skews toward developed markets but can hold emerging markets opportunistically, with quarterly rebalancing based on impact scores and valuation changes.
Key Features
- Faith-based screening excludes roughly 15% of the international equity universe
- Concentrated portfolio (40-80 names) versus 900+ in typical international ETFs
- Zero expense ratio suggests this is a new launch seeking to build assets
Risks
- Brand new fund with no track record — you're betting on an unproven strategy in international markets
- ESG/values screening could miss 20-30% rallies in excluded sectors like defense or vice stocks
- Concentrated portfolio means single stock blowups could cost 2-3% overnight
Who Should Own This
Best suited for investors who want their international allocation to reflect their values without paying the 1%+ fees typical of actively managed ESG funds. The zero expense ratio makes this attractive for faith-based investors willing to accept tracking error versus standard benchmarks in exchange for ethical alignment and potential alpha from stakeholder-focused companies.