Why a Winning $6B Value Fund Likes UPS, Walmart, and Home Depot Stock

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Jeff Kripke manages the the $6 billion Pioneer Fund.


Photograph by Tony Luong

Nearly a century before the idea of socially responsible investing took root, Pioneer Investments founder Phil Carret espoused the importance of investing in “good” companies, which at the time meant avoiding tobacco, alcohol, and gambling stocks. 

Today, sustainable investing has evolved to include a range of environmental, social, and governance factors—and the importance of investing with an ESG lens carries even greater weight in the digital age. “Companies spend billions of dollars building their brands, and all of that can go away when bad news goes viral,” says Jeff Kripke, the lead manager of the $6 billion

Pioneer Fund

(ticker: PIODX).

Kripke, 53, took the helm of Pioneer’s 92-year-old flagship portfolio in 2015 and updated its investment approach—reducing the number of holdings by more than half, to a recent 45, and making ESG factors a

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Ina Garten Only Likes One Store-Bought Pasta Sauce & It’s on Sale at Costco for a Steal

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If you know anything about Ina Garten, you know that she treasures her really good ingredients (especially her Nielsen-Massey vanilla) and just about everything she makes is made from scratch. But even the culinary queen herself needs to cut corners from time to time by opting for store-bought ingredients. When it comes to store-bought pasta sauce, there’s only one brand Ina trusts and that’s Rao’s.

Garten revealed Rao’s is the only brand she trusts to buy from the store during an interview with Today last year. Of course, anything Ina chooses probably isn’t going to come cheap and Rao’s is no exception. It can easily cost $8+ per jar at grocery stores but this Ina Garten-approved sauce has been spotted at Costco locations and the price is almost unbelievable.

According to Instagram user @dana.cushing, Rao’s homemade marinara sauce is for sale at Costco

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