Funds - Appian Asset Management

Ethical Value Fund

The Appian Ethical Value Fund was launched in August 2015, in response to growing demand from Charity and Endowment clients. This is a multi-asset fund which follows the same key investment principles of compounding returns with lower levels of volatility while seeking to protect on the downside, as our flagship Appian Value Fund. Appian operates a “best in class” process with regards to Ethical Investment. We have partnered with EIRIS, a leading global provider of environmental, social and governance research for responsible investment with over 30 years track record. EIRIS is a signatory to the UN principles on Responsible Investment. We have set out a clear set of ethical criteria and parameters and we work with EIRIS analysts and database to highlight any companies in breach of our ethical criteria. Appian also adopts an inclusive approach where suitable asset types may allow us to deliver a solid investment return as well as positive social impact such as social housing or environmental improvement We have established an Ethical Advisory Group whose members include external independent experts across several ethical fields, which provides advice and guidance to the Appian Investment Committee. All our funds have no entry, exit or performance fees and performance figures are shown net of all annual management fees. Please see some of the key information in relation to the Appian Ethical Value fund as at the end of Q1 2017 and the funds historic unit prices below.

Appian Ethical Fund
Period	2015	2016	2017
Fund Return *	-2.43%	1.93%	1.81%

Close of Business Mid-Market Prices	Deal Date	Dealing Price €
31/10/2017	01/11/2017	101.248
29/09/2017	02/10/2017	99.915
31/08/2017	01/09/2017	97.7266
01/08/2017	02/08/2017	98.672
30/06/2017	03/07/2017	98.91
31/05/2017	01/06/2017	99.3799
28/04/2017	02/05/2017	100.106
31/03/2017	03/04/2017	100.195
28/02/2017	01/03/2017	99.913
31/01/2017	01/02/2017	98.388
30/12/2016	03/01/2016	99.45
30/11/2016	01/12/2016	97.9558

Top 5 Equity Holdings
Name	Country	Sector	%
Nestle	Switzerland	Food	3
GlaxoSmithKline	USA	Pharmaceuticals	2.8
BP	UK	Oil & Gas	2.7
Microsoft	USA	Technology	2.68
Wells Fargo & Co	USA	Financial Services	2.49

Geographic Equity Distribution

Fund Fact sheets

Downloadable Fact Sheets
Ethical Value Fund	Q3 16	30/09/2016
Ethical Value Fund	Q4 16	31/12/2016
Ethical Value Fund	Q1 17	31/03/2017
Ethical Value Fund	Q2 17	30/06/2017
Ethical Value Fund	Q3 17	30/09/2017

For more information on our Ethical Value Fund click here.

* WARNING The value of investments may go down as well as up. Past performance is not a reliable guide to future performance. These investments may be affected by changes in currency exchange rates.

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