Social Purpose Investing

ELCA Endowment Fund Pooled Trust--Fund A

Fund A pursues its investment objective using criteria of social responsibility that are consistent with the values and programs of the ELCA. The social responsibility criteria are used by the Fund's Investment Advisor, to the extent it deems practicable, to limit the universe of securities in which Fund A may invest:

Alcohol Social Criteria Screen  discourages investments in companies that produce distilled alcohol for human consumption, as well as companies selling, promoting and marketing in this industry or supplying key component elements to the industry.

Environmental Social Criteria Screen  discourages investments in companies using technologies or operating practices that minimally or less significantly damage the environment. Such damage may be on a continuous basis or may be catastrophic with priority placed on culling out the worst players and those who are most actively taking corrective measures. Positive investments may be made in companies which are taking corrective measures, with priority placed on those most actively doing so, as well as in companies which are contributing toward a sustainable environment.

Military Weapons Social Criteria Screen  discourages investments in companies contributing to nuclear, biological or chemical weapons research and development, or certain conventional weapons (including but not limited to land mines, cluster bombs and blinding laser weapons) which may be deemed to be excessively injurious or to have indiscriminate effects, the production of key components for such weapons, or the management of US Government owned facilities for such weapons.

Pornography Social Criteria Screen  discourages investments in companies that manufacture pornography or other products for the sex industry, and those companies selling, promoting and marketing in this industry. It also includes other companies deriving profit from pornography such as distribution networks (television, movies/videos, and hotel chains) and industries touched by sex trafficking.

Tobacco Social Criteria Screen  discourages investments in companies involved in tobacco (tobacco, chewing tobacco or smokeless tobacco) production and marketing, as well as companies supplying key component elements to the tobacco industry (cigarette papers, flavorings, adhesives), or the sale and marketing of tobacco related products.

Gambling Social Criteria Screen  discourages investments in companies having any revenue from owning, managing or operating gambling establishments. Companies to be reviewed are those involved in supplying key component elements and services to the gambling industry (casinos, betting operations at horse racing tracks, bingos, state run lotteries and gambling devices such as roulette wheels).

In addition, the Fund seeks investments that benefit community economic development or the environment.

Disclosure Statement Availability
To receive a Confidential Disclosure Statement containing more details about Fund A’s investments, risks, and administration, please call 773/380-2970 (or 800/638-3522 ext. 2970). The disclosure statement includes a recent quarterly performance report, financial statements of the ELCA Endowment Fund Pooled Trust, the declaration of trust, and a set of forms, including an application form. Please read the disclosure statement carefully before investing.

The statements above do not constitute an offer to sell, or a solicitation of an offer to buy, to any person in Mississippi or Tennessee.