Sustainable Development Goals Global Equity ETF
The Overall Morningstar rating for the period ending 9/30/21 is against 1144 funds in the US Fund Large Value Funds category and is based on risk-adjusted returns.
Fund Description and Objective
SDGA tracks the Morningstar® Societal Development Index, which is designed to provide exposure to companies worldwide with strong policies and practices relative to the United Nations Sustainable Development Goals (SDGs) that are actively engaged in the world’s poorest countries known also as the 47 Least Developed Countries (LDCs).
Broad global equity market exposure.
SDGA is designed to provide broad market exposure to Morningstar® Global Markets Large-Mid Index, comparable to that of the MSCI All World. With SDGA, investors can achieve broad equity market returns while driving social change.
Innovative model for social impact.
Impact Shares is a 501(c)(3) non-profit organization, that donates all net advisory profits from SDGA’s ETF management fee to the UNCDF last mile financing vehicle. This provides an additional funding source for risk capital deployed as grants, loans and guarantees to small to medium sized businesses in the 47 LCDs to build modern health, communications, finance, food and agriculture infrastructure among other goals.
Sustainable Development Goals.
SDGA offers investors a liquid investment vehicle that supports large multinational companies generating an economic benefit in the LDCs. The ETF will also support UNCDF’s work through a sharing of the fund management fee.
The creation of this ETF reflects the importance of the LDC markets and our efforts to increase private sector investments in these key emerging economies. It identifies those companies that are investing responsibly to help achieve the SDGs in LDCs.
It has been estimated that achieving the SDGs will require between US$5 to $7 trillion, with an investment gap in developing countries of about $2.5 trillion. Efforts by governments and philanthropy alone will not be enough. According to OECD estimates, only 7% of the total private capital mobilized through blended transactions from 2012-2015 went to LDCs ($5.5 billion out of $81 billion.
The SDGs have opened the door for the UN to partner with private actors in new ways. This movement has helped private sector actors develop innovative new mechanisms – beyond corporate social responsibility and philanthropy- to align their long-term investments with the SDGs. This ETF is one of those opportunities that aims to align investor choices with the SDGs.
The UN Capital Development Fund (UNCDF) makes public and private finance work for the poor in the world’s 47 least developed countries. With its capital mandate and instruments, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development. UNCDF’s financing models work through two channels: financial inclusion that expands the opportunities for individuals, households, and small businesses to participate in the local economy, providing them with the tools they need to climb out of poverty and manage their financial lives; and by showing how localized investments –through fiscal decentralization, innovative municipal finance, and structured project finance –can drive public and private funding that underpins local economic expansion and sustainable development. By strengthening how finance works for poor people at the household, small enterprise, and local infrastructure levels, UNCDF contributes to SDG 1 on eradicating poverty and SDG 17 on the means of implementation. By identifying those market segments where innovative financing models can have transformational impact in helping to reach the last mile and address exclusion and inequalities of access, UNCDF contributes to a number of different SDGs.
Disclaimer: Net Profits is the excess, if any, of Impact Shares’ fund fees after the deduction of operating expense and a reserve for working capital. Due to the relatively small size of the Fund, Impact Shares’ Fund fees have not yet exceeded its related operating expenses. Accordingly, Impact Shares has not yet made any charitable contributions from such fees. There can be no assurance that Impact Shares’ Fund fees will exceed operating expenses in the future. The fund is not sponsored, endorsed, or promoted by SDGA.
|3||Primary Exchange||NYSE Arca|
|6||Index Name||Morningstar Societal Development Index|
Fund Data & Pricing
TOP 10 HOLDINGS
Holdings are subject to change.
As of 09/30/2021
|Media & Entertainment||6.25%|
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