Proud to Own Series
Each week, we highlight a core portfolio holding within our Faith-Based 100 Index, and show why it is a part of our “Proud to Own” universe.
As a reminder, for the company to be included in our “proud to own” universe, it must meet three criteria:
1. It must not violate your faith and values. Some of the types of companies we can avoid include those involved in the abortion industry, those producing explicit entertainment and pornography, those conducting embryonic stem cell and fetal tissue research, companies funding and lobbying for homosexuality, those involved in vices like alcohol, tobacco and gambling and companies that are abusing the environment.
2. It should be a company that complements your faith and values. This involves finding companies: Helping the poor and defenseless; Protecting the sanctity of human life; Producing morally sound entertainment; Finding cures for life threatening diseases; and Improving the society we live in…
3. It should be a company with strong profit potential. This involves finding companies in solid financial condition that have strong profit potential and/or provide strong cash flows via dividends. We use a five-point inspection to evaluate each investment we are considering. We analyze a company’s earnings potential, price momentum, risk, financial health, and its current valuation. Our goal is to find quality companies that stay true to your values AND are profitable! This is not an either /or scenario but rather a winning combination.
This Week’s Highlighted Company
FactSet Research Systems Inc. (NYSE: FDS) provides financial and economic information to investment community worldwide. The company offers fundamental financial data on various companies, analytical applications, and client services to the portfolio managers, research and performance analysts, risk managers, marketing professionals, sell-side equity research professionals, investment bankers, and fixed income professionals. FactSet’s applications provide users access to company analysis, multicompany comparisons, industry analysis, company screening, portfolio analysis, predictive risk measurements, alphatesting, portfolio optimization and simulation, news and quotes, and tools to value and analyze fixed income securities and portfolios.
“I believe that we have an obligation to serve our communities. Our philanthropic work helps our communities prosper while fostering FactSet’s spirit of teamwork and giving.”
-Phil Hadley, Chairman and CEO
One look at its mission and you can see it wants to not only make a profit for its shareholders but also improve the communities in which it operates:
Mission: Strengthen the communities in which we live and work through charitable projects and giving
Though FactSet is known in the financial industry for powerful analytics and content, it is also known for philanthropic initiatives in our offices’ communities.
FactSet Research gives to and works with organizations ranging from health to social welfare to the arts. Employees often use its Matching Gift program, a dollar-for-dollar donation-matching program, to make their fundraising efforts go further. Through these combined efforts, FactSet and its employees have donated millions of dollars to countless charities.
FactSet understands that being a good corporate citizen is about empowering employees to use their personal talents to help its communities throughout the year. You’ll find FactSetters working together to collect and serve food to the hungry; to refurbish a home; to collect holiday gifts for low-income families; to clean up playgrounds and parks; to fundraise for cancer research; to distribute school supplies to students in impoverished communities; and much more.
FactSet employees around the world are committed to helping local communities thrive. During the past year, more than 2,000 employees participated in hands-on community outreach around the world.
It is focused not only on serving the financial industry but also works hard to treat its employees right. It was recently named to Fortune magazines 100 best places to work list. It also focuses on ways to get involved in the communities where it has offices – from getting involved in charitable projects, mentoring students to organizing food collections to fundraising for cancer research, and more.
As you can see FactSet Research (NYSE: FDS) has systems for helping financial professionals become outperformers and as a community leader, FaceSet is outperforming its peers in giving back. This is definitely a company we can be “proud to own”.