All Material Risk Investment System
Material Risk. Systematically Applied.
AMRIS, the All Material Risk Investment System, is BCAM’s systematic, market-aware equity platform. It analyzes company-disclosed business risks at scale, tests which disclosure patterns have historically been associated with subsequent security returns, and uses only validated signals in portfolio construction. The result is a benchmark-aware approach that can be calibrated to different levels of diversification and active risk, and customized to client-specific mission and policy requirements.
From Risk Disclosure to Portfolio Construction
Companies disclose vast amounts of material business-risk information, but it is often buried in long-form filings and difficult to compare across companies and over time.
AMRIS collects and organizes these disclosures by topic and severity, then tests which patterns have historically been associated with subsequent security returns. Those validated signals inform stock selection and portfolio construction.
The Source
AMRIS’s large-company dataset includes more than 450 million words in 1.4 million discrete risk passages, organized into 485 risk categories.
But scale alone is not the investment advantage. The advantage lies in determining which patterns should inform portfolio action and which should be ignored.
450M+
words analyzedCurrent large-company filing dataset
1.4M+
risk disclosuresDiscrete risk passages classified
485
risk categoriesTesting topic structure
AMRIS at Boston Common
John Streur – CIO of AMRIS
AMRIS CIO John Streur brings more than 30 years of investment leadership and research experience to the platform. Before joining BCAM, he led the development of Calvert’s U.S. and international index families, chaired the Calvert Index Committee from 2014 to 2024, and built research systems that incorporated financially material risks into investment strategy. He also developed and oversaw Calvert’s stewardship and engagement approach, linking company engagement and proxy voting with its research and investment processes. During his tenure, Calvert grew from approximately $11 billion to more than $40 billion in assets under management.
Past performance does not guarantee future results. All investments involve risk, including the risk of losing principal. The information in this document should not be considered a recommendation to buy or sell any security. There is no assurance that any securities discussed in this report will remain in an account’s portfolio at the time you receive this document. The securities discussed do not represent an account’s entire portfolio and may represent only a small portion of an account’s holdings. It should not be assumed that any securities transactions we discuss were or will prove to be profitable.
