A guide to reading through a biblically responsible investing report (BRI).
Here we will show you some sample BRI reports, tell you what they are, and guide you through the various parts to pay attention to.
What is a BRI Screening Report?
A BRI Screening Report is a document put together by our advisory team which showcases the violations or lack thereof for any publically traded stock or fund. The purpose of the report is to help screen a portfolio of any violations that might conflict with your biblical worldview.
Sample BRI Screening Reports
Take a look at both of these sample BRI reports. The first one is a report on Apple and the second is a report on Alcoa Corp. Notice that Apple has a lot of violations and Alcoa is completely clean. A stock needs to be completely clean in order to be eligible for trading in our faith-based investment models.
A guide to reading through a BRI report:
Below you will find a walkthrough, complete with screenshots, of what to expect when you receive a report and what each of the sections means. Please note that the reports for ETFs or other funds are slightly different from reports on stocks.
Violation Summary:
Violation Summary is a bar chart that showcases each violation category and the percentage by which the company participates in that conflict. The percentage tells you how heavily the company participates in that violation type. If the chart is blank, it means the company has no violations. The higher the percentage, the more it violates that category.
Violation Breakdown:
The Violation Breakdown portion is a box with all eight categories listed. Each category has a number of different sub-categories, depending on what type of violation it might be. The box aims to help break down to the next level exactly where you could expect to see the violations to have occurred. The bullet points in red represent the segments where there are violations. Everything in grey doesn’t have any conflicts recorded.
Violation Records:
The remaining page of the report will showcase all the specific instances of violations that were recorded by the investigation team. This portion of the report extends through multiple pages and lists every known violation. If there are a lot of violations, they may be grouped in some fashion.
a. Category name
b. Sub-category type
c. Sub-category description
d. Violation title, date, and reference
e. Violation description
Disclosure:
Faith Based Investing (“FBI”) and Biblically Responsible Investing (“BRI”), used interchangeably, are subject to investment risk which is the chance that the position screened for BRI criteria may underperform the market as a whole or in the aggregate. The model selects securities for inclusion based on Faith based screening criteria therefore the model may forgo some market opportunities available to investments that don’t use these criteria.
Harvest’s screening and assessment of a company, based on the company’s level of involvement in certain business dealings, may differ from that of other investments or an investor’s assessment of such company. As a result, the companies deemed eligible may not reflect the beliefs and values of any particular investor and may not exhibit positive or favorable BRI characteristics and is subject to change from time to time. The evaluation of companies for BRI screening or integration is dependent on the data deemed to be accurate and thorough.
Past performance is no guarantee of future results. Information provided in this website is for educational and illustrative purposes only and should not be construed as individualized investment advice. The investment or strategy discussed may not be suitable for all investors. All investments involve risk, and although our rules-based investment process utilizes downside risk controls, loss of principal can still occur. Principal values and investments returns are neither guaranteed nor issued by, guaranteed by, or obligations of a bank, savings and loan, or credit union; and are not insured or guaranteed by the FDIC, SIPC, NCUSIF or any other agency. Current holdings are subject to change at any time without notice. In addition to the normal market risk associated with equity investing, investments in small and mid- cap companies tend to exhibit higher volatility and may be less readily marketable than investments in larger companies. Also, international investments involve special risk consideration, which includes currency fluctuations, lower liquidity, economic and political risk. The S&P 500 Index is an unmanaged group of securities considered to be representative of the stock market in general, and its performance is not reflective of the performance of any specific investment. Investments cannot be made directly into an index.
Historical returns data are calculated using data provided by sources deemed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. This information is provided “AS IS” without any warranty of any kind. All historical returns data should be considered hypothetical.