Parallelle Finance

Gender Lens Investing

Q1 2021 Gender Lens Performance: Fixed Income

By

This table lists public and private gender lens fixed income investment products. These include global, U.S., and emerging market bond funds, global and Asian bond issues, development bank-backed bonds, U.S. notes and certificates, and a lending platform. Some provide several share classes and multiple exchange listings. The investment approach in the gender lens fixed income market ranges from capturing WIL benefits to supporting women-owned small and medium enterprises in developing economies. These products are divided into the categories outlined above. Total AUM is $6.45 billion as of March 31, 2021.

31-Mar-2021Performance as of March 31, 2021 (%)
Inception DateTickerAUM (USD M)*Individual Investor VehiclesType of FundCurrencyInitial/
Subsequent Minimum		Exchange1 month3 monthsYTD1 year3 years5 years10 yearsSince Inception
Bond Funds
Emerging Markets Funds
25-Jan-171.39United Capital Wealth for Women FundBlend**NGNNGN10,000NSE-1.84-1.84
91-Day T-bills/Nigerian Stock Exchange ASI0.590.59
Notes and CertificatesTermMinimumRate (%)
1995573.19Calvert IC Community Investment Note1-15 yrsUSDUSD200.40-2.50
7.84Self-Help Credit Union Women & Children Term Certificates††3-60 mosUSDUSD500.10-.60
Lending PlatformsTermRate (%)
3.00EnrichHER††1-3 yrsUSDUSD1,0005.00
Individual Investor AUM: 585.43
Inception DateTickerAccredited and Institutional Investor VehiclesType of FundCurrencyMinimumExpense Ratio1 month3 monthsYTD1 year3 years5 years10 yearsSince Inception
Bond Funds
Global Fixed Income Funds
TBDPending-Artesian Women's Economic Empowerment Bond Fund (BBB)Bond FundUSDUSD 1 mill
Bloomberg Barclays Global Agg Corp IndexUSD
U.S. Fixed Income Funds
02-Mar-07CRANX98.60CCM Community Impact Bond Fund (Gender Lens option)†Bond FundUSDUSD0.5 mill0.46%-1.30-1.300.842.212.793.40
Bloomberg Barclays Intermediate U.S. Agg IndexUSD-1.61-1.611.382.662.883.70
Notes and CertificatesTermCurrencyMinimumRate (%)
8.00C-Note Wisdom Fund†† 5 yrsUSDUSD100,0001.00
Bond IssuesTermCurrencyDenominationExchangeCoupon (%)
Developed Markets Bond Issues
Mar-21593.36BMO Financial Group Women in Business Bond (Canada)5 yrsCAD1.758
Sep-18761.35CIBC Women in Leadership Bonds3 yrsCAD∆
Nov-17QBEAU V5.25 PERP EMTN400.00QBE Gender Equality BondPerpetual‡USDUSD200,0005.25
Mar-17384.31NAB Social Bond (Gender Equality)5 yrsAUD3.445
Emerging Market Bonds
Dec-2016.00Caja Arequipa (Peru)8 yrsPEN
Dec-2027.70IIX Women's Livelihood Bond 3 (Southeast Asia)4 yrsSGD3.95
Nov-2040.50Banco W SA (Colombia)4 yrsCOPBVC
Oct-20141.93FIRA Gender Social Bond 1 (Mexico)3 yrsMXNBIVA∆∆
Mar-20192.74OCBC NISP Sustainability Bond Programme (Indonesia)IDR
Aug-2094.25Banco Davivienda SA Gender-Focused Social Bond (Colombia)7 yrsCOP
Jan-2010.50IIX Women's Livelihood Bond 2 (Southeast Asia)4 yrsUSDUSD250,000SGX-ST4.00
Oct-19220.00Bank of Ayudhya (Krungsri) Gender Bond (Thailand)7 yrsUSD
Aug-1950.00Banistmo Social Bond with a Gender Focus (Panama)5 yrsUSD
Feb-1913.00Banco Pichincha del Peru 10 yrsUSD∆∆∆
Jun-1875.00Garanti Bank Gender Bond (Turkey)6 yrsUSD
Jul-178.00IIX Women's Livelihood Bond 1 (Southeast Asia)4 yrsUSDUSD200,000SGX-ST5.65
Jun/Aug 2016240.90Banco Estado Women's Bond (Chile)10 yrsJPY0.48
InstitutionDevelopment Financial Institution BondsTermCurrencyCoupon (%)
Mar-21IBRD236.58SDG 3,5 Sustainable Development Bond5 yrsNOKNOK10,000LuxSE1.25
205.52SEKSEK10,000LuxSE0.25
Mar-21IDB Invest120.73SDG 5 Sustainable Development Bond3 yrsMXNBIVA∆∆∆∆
Feb-21ADB19.91SDG 5,11 Sustainable Development Bond10 yrsKZTKSE10.15
Feb-21IBRD19.59SDG 5 Sustainable Development Bond5 yrsCAD
Jan-21IBRD587.45SDG 3,5 Sustainable Development Bond5 yrsNOKNOK10,000LuxSE3-mo NIBOR + 1.50%
Nov-19IBRD5.00SDG 5 Sustainable Development Bond5 yrsUSD
Mar-19IBRD35.20SDG 1,2,5 Sustainable Development Bond5 yrsIDR
Mar-19IBRD4.00SDG 5 Sustainable Development Bond3 yrsUSD
Mar-19IBRD35.20SDG 1,2,5 Sustainable Development Bond5 yrsIDR
Mar-19IBRD4.00SDG 5 Sustainable Development Bond3 yrsUSD
Jan-19IBRD1124.60SDG 3,5 Sustainable Development Bond3 yrsCADLuxSE2.20
Nov-17ADB89.5024SDG 3,5 Sustainable Development Bond10 yrsNZD3.45
Accredited/Institutional AUM:5863.40
Total AUM:6448.83
*AUM converted the USD as time of transaction.
**10-80% Equities, 20-90% Money Market. March 2021 composition: 50.1% Equities, 31.1% Fixed Term Debt, 10.2% Commercial Paper, and 8.6% Treasury Bills
†Size reflects fund total, not gender lens target. There is a USD$500,000 minimum for impact targeting. Name changed from CRA Qualified Investment Fund to CCM Community Impact Bond Fund on March 1, 2021.
††AUM data as of December 31, 2021
‡QBE is a perpetual bond with its first call and interest reset in May 2025.
∆ Yield at issuance was 72bps over similat maturity federal government bonds.
∆∆ This issue was offered at TIIE rate + 27bps.
∆∆∆ Yield at issuance was 6%.
∆∆∆∆ This issue was offered at TIIE rate + 3bps.
Sources: Offering memoranda and related publicly released documents and information
The above publicly-available data is for informational purposes only and is not to be construed as investment advice.

Contact us if you would like a PDF copy of that content above.

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

error: Content is protected. Contact us at info@parallellefinance.com if you would like access to our content.