First Republic Announces FRC Founders Index FundSM

First Republic Investment Management, a subsidiary of First Republic Bank (NYSE:FRC), today announced the launch of the FRC Founders Index Fund^SM (Bloomberg:FNDRX), a fund which seeks to provide investment results that correspond generally to the total return performance, before fees and expenses, of the First Republic Founders Index^SM (Bloomberg:FRCFDR).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200728006049/en/

Post-Launch: Initial Performance First Republic Founders IndexSM and the S&P 500, Russell 3000 and Russell 1000 EW Initial cumulative performance, from the Index launch on October 7, 2019, through close on July 27, 2020 (Source: IHS Markit)

“We believe the FRC Founders Index Fund^SM distinctively captures the drive, resilience, and commitment to culture and a long-term vision that founder-led and -influenced companies inherently possess,” said Jim Herbert, Founder, Chairman and CEO of First Republic. “Initial performance of the First Republic Founders Index^SM supports our thesis that founder-led and -influenced companies generate superior results.”

Since its launch on October 7, 2019, and through close on July 27, 2020, the First Republic Founders Index^SM (Bloomberg:FRCFDR) is up 16.0%, compared to the S&P 500 up 12.0%, the Russell 3000 up 11.7%, and the Russell 1000 Equal Weight up 4.7%.

“The First Republic Founders Index^SM isolates the founder influence factor in a unique way,” said Bob Thornton, President of Private Wealth Management at First Republic. “We believe our research team has been able to capture and quantify the positive attributes and strategic advantage of founder-led and -influenced companies.”

FRCFDR is an equal weighted benchmark of publicly traded companies in which the founder or founders are actively involved and a key influence in their company’s strategy. Highlights of the Index include pure exposure to founder-led and founder-influenced strategy; broad representation, with companies historically delivering higher gross margins across most sectors; and an objectively driven and rules-based approach to capture unique characteristics and potential outperformance.

The FRC Founders Index Fund^SM (Bloomberg:FNDRX) is offered exclusively to First Republic clients, through its Private Wealth Management subsidiaries.

First Republic Private Wealth Management, which includes First Republic Investment Management along with brokerage and trust services, had $155.8 billion in wealth management assets as of June 30, 2020. To learn more about First Republic Private Wealth Management, visit our website here, and to learn more about the FRC Founders Index Fund^SM, click here. FRC Founders Index Fund^SM is an investment company registered under the Investment Company Act of 1940, as amended, and the Securities Act of 1933, as amended.