Why doesn’t JLens screen out fossil fuel companies?

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We recognize the diversity of opinions within the Jewish community on environmental issues. A full fossil fuel screen didn’t reflect a consensus, nor did having no screen at all. Instead, only companies with revenue from oil sands are screened out—an energy production process that’s three times more carbon intensive than conventional oil, depletes freshwater, and creates toxic waste. This allows the Jewish community to have a voice in many other fossil fuel companies and still have an environmental screen that screens out the worst actors.

Ultimately, we prefer constructive engagement over exclusion. By holding shares in fossil fuel companies, we can vote on proposals for improved efficiency in energy production and we can engage with them on other Jewish communal interests, such as promoting antisemitism education in their workplaces.

Address: JLens
605 Third Avenue
9th Floor
New York, NY 10158
Email: info@jlensnetwork.org
Phone: 212-885-7870

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Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a Prospectus or Summary Prospectus with this and other information about the Fund, please call 855-427-7360 or visit our website at investjewishly.org. Read the prospectus or summary prospectus carefully before investing.

Investments involve risk. Principal loss is possible.

Large-Capitalization Companies Risk. Large-capitalization companies may trail the returns of the overall stock market. Large-capitalization stocks tend to go through cycles of doing better – or worse – than the stock market in general. These periods have, in the past, lasted for as long as several years.

Jewish Values Investing Risk. The Index considers JLens’ Jewish Value Pillars in its index methodology and may exclude otherwise profitable investments in companies which have been identified as being in conflict with JLens’ Jewish Value Pillars. The Index does not select constituents for inclusion in the Index on the basis of future anticipated performance or capital appreciation, similar to traditional market capitalization-weighted indexes.

Responsible Investing Criteria Risk. Because the methodology of the Index selects securities of issuers using responsible investing considerations, the Fund may underperform the broader equity market or other funds that do not utilize responsible investing criteria when selecting investments.

New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision.

The Fund is distributed by Quasar Distributors, LLC. The Fund’s investment advisor is Empowered Funds, LLC which is doing business as ETF Architect.

Why doesn’t JLens screen out fossil fuel companies?

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