Diversity, Equity, & Inclusion Fund: Key Stats

These introductory stats provide a short summary of investment criteria, fee info, investment style, number of holdings, and the percent of women’s representation on the portfolio management team. This small but growing number of publicly traded diversity, equity, and inclusion (DEI) funds have an investment philosophy centered on companies with robust and publicly disclosed diversity policies.

As of December 31, 2023
Fund Name	Asset Manager	Expense Ratio/Fees	Style*	# of Holdings	% Female Management	Domicile	Investment Criteria
Global Funds by AUM
Adasina Social Justice All Cap Global ETF	Adasina Social Capital	0.89%	Large-Cap Blend	Around 650	50%	United States	Invests in a representative sample of constituents from the Adasina Social Justice Index. The index seeks to invest in a global universe of public companies with practices in alignment with social justice. Exclusion criteria for companies that do not practice gender and racial equality in the workforce.
iShares Refinitiv Inclusion and Diversity UCITS ETF	Blackrock	0.25%	Large-Cap Value	About 100	unspecified	Ireland	Tracks the Refinitiv Global Large/Mid Diversity & Inclusive excluding Controversial Weapon Equal Weight Total Return Index. Using proprietary scores, the index holds 100 top-ranked companies for diversity, inclusion, people development, and low controversies.
Regional Funds by Region and AUM
U.S.
Neuberger Berman Sustainable Equity Fund	Neuberger Berman	0.87%	Large-Cap Blend	Around 40	0%	United States	Centered on corporate ESG policies, including equitable workplace policies, particularly for women and minorities, and constructive community relationships.
Impact Shares NAACP Minority Empowerment ETF	Impact Shares	0.49%	Large-Cap Blend	About 200	0%	United States	Tracks the Morningstar Minority Empowerment Index and invests in U.S. companies with strong racial and ethnic diversity policies in place.
Europe
AXA WF ACT Human Capital	AXA Investment Managers	2.03%	Mid-Cap Blend	Around 50	50%	Luxembourg	Invests in companies with above-average performance in human capital management.
R-co 4Change Inclusion & Handicap Equity	Rothschild & Co Asset Management	1.46%	Large-Cap Blend	About 50	50%	France	Invests primarily in European companies that promote a more inclusive society, while implementing a socially responsible investment approach. In centering on inclusion, the fund has a particular focus on corporate DEI metrics regarding persons with disabilities.
South Africa
Satrix Inclusion & Diversity ETF	Satrix S.A.	0.46%	Large-Cap	About 30	unspecified	South Africa	Tracks the Refinitiv Satrix South Africa Inclusion and Diversity Index of thirty Johannesburg Stock Exchange-listed companies with high diversity and inclusion scores.
*Lipper or Morningstar
The above publicly-available data is for informational purposes only and is not to be construed as investment advice.

The above publicly available content is for informational purposes only and does not constitute investment advice.

See the table of current fund performance.