Trillium ESG Small/Mid Cap Fund Institutional · NASDAQ:TSMDX
Trillium ESG Small/Mid Cap Fund Institutional — Trillium Asset Management — 2018 Outlook Webinar
12 slides from Trillium ESG Small/Mid Cap Fund Institutional's conference presentation, Feb 12, 2018
Slide 1: 2018 Outlook: New Economic Directions & Corporate Engagement Priorities
2018 Outlook: New Economic Directions & Corporate Engagement Priorities Webinar - February 12, 2018 Cheryl I. Smith, Ph.D., CFA Partner, Portfolio Manager Jonas Kron, Esq. Director of Shareholder Advocacy Sada Geuss Investment Manager www.trilliuminvest.com
Slide 2: Today's Speakers
TODAY’S SPEAKERS Cheryl Smith, Ph.D, CFA Partner, Portfolio Manager, Chief Economist Jonas Kron, Esq. Director of Shareholder Advocacy Sada Geuss Investment Manager (Moderator) 2
Slide 3: 2018: Economic Surprises and Returns
2018: ECONOMIC SURPRISES AND RETURNS • Bloomberg Economic Surprise Index at extreme high in mid-January • Positive surprises result in elevated expectations that are harder to meet • Past extreme index readings generally correspond to low or negative six- month forward returns for the S&P 500 Source
Slide 4: The Financial Choice Act: What Would It Change?
THE FINANCIAL CHOICE ACT: WHAT WOULD IT CHANGE? • Increase minimum holding to 1% of the company’s securities entitled to vote on the proposal • Raise resubmission thresholds to 6%/15%/30% 4
Slide 5: The Tax Plan: Corporate Effects
THE TAX PLAN: CORPORATE EFFECTS Tax Reform Changes by Group in Billion $ 600 Annual Tax Changes by Group 400 in Billion $ 100 200 0 50 -200 -400 0 -600 -50 -800 -1,000 -100 -1,200 -1,400 -150 -1,600 Individual Tax Business Tax International Net Total -200 Reform Reform Tax Reform 2018-2022 2023-2027
Slide 6: Will Corporate Tax Reform Produce Growth?
WILL CORPORATE TAX REFORM PRODUCE GROWTH? Increased Increased US Productivity Automation Investment Growth Improved U.S. Better After- New Jobs Lower Business Tax Corporate Tax Other uses of Competitive- Corporate Higher No Change Rate funds: share ness Profits Market in Economic buybacks; Valuation
Slide 7: 2018: Advancing Women and Racial Diversity in the Workforce
2018: ADVANCING WOMEN AND RACIAL DIVERSITY IN THE WORKFORCE Workforce Diversity Shareholder Proposals Trillium’s workforce • Priceline Group • Cigna Corporation diversity shareholder • Stifel Financial • First Republic Bank proposal at Palo Alto • KeyCorp • PNC Financial Services • Travelers Compani
Slide 8: Labor Force Growth: Participation Rate and Population Growth
LABOR FORCE GROWTH: PARTICIPATION RATE AND POPULATION GROWTH Participation Rate Male Prime Age • Male rate peaked in 1955 Participation Rate • Female rate peaked in 2000 • Combined rate peak: 1997 Female Prime Age Weak Developed Country Participation Rate Population Growth • Census Bureau forecast o
Slide 9: Digital Disruption: Shareholder Proposals at Facebook & Verizon
DIGITAL DISRUPTION: SHAREHOLDER PROPOSALS AT FACEBOOK & VERIZON Risk Oversight Committee Data Privacy & Security 9
Slide 10: Q&A
Q&A Please type your questions in the Q&A section of your control panel on the bottom right hand side of your screen. Stay Connected: Visit www.trilliuminvest.com to sign up for additional news, resources, and updates. 10
Slide 11: Disclosure: Important Information
DISCLOSURE: IMPORTANT INFORMATION The views expressed are those of the authors and Trillium Asset Management, LLC as of the date referenced and are subject to change at any time based on market or other conditions. These views are not intended to be a forecast of future events or a guarantee of futu
Slide 12: For More Information
FOR MORE INFORMATION Sada Geuss Investment Manager P: 617-532-6668 E: [email protected] Tom Simunovic Regional Sales Consultant (Eastern) P: 617-532-6673 E: [email protected] Stay Connected: Visit www.trilliuminvest.com to sign up for additional news, resources, and updates. 12