Q1 2024 Diversity, Equity, & Inclusion Funds Performance – 3 & 12-month

A small but growing number of public diversity, equity, and inclusion (DEI) funds have an investment philosophy centered on investing in companies with robust and public corporate diversity policies. Performance and key stats for eight funds and four indexes in this coverage set are listed in the table below. The assets under management totaled $2.0 billion as of March 31, 2024.

31-Mar-2024Performance as of March 31, 2024 (%)
Inception DateTickerAUM (USD M)Funds, Benchmarks, Tracking IndexesType of Fund3 mos1 yearAsset Manager
Global Equity
08-Dec-2020JSTC175Adasina Social Justice All Cap Global ETFETFUSD4.2114.35Adasina Social Capital
JUSTICEAdasina Social Justice IndexUSD4.5016.52
07-Sep-2018OPEN:LN62iShares Refinitiv Inclusion and Diversity UCITS ETFETFUSD3.8514.04Blackrock
TRDIGXFNRefinitiv Global Large/Mid Diversity & Inclusion ex. Controversial Weapons Equal Weight Net Total ReturnUSD3.8514.25
Global AUM:237
Regional Equity
U.S.
16-Mar-1994NBSRX1520Neuberger Berman Sustainable Equity FundMutual FundUSD12.5234.54Neuberger Berman
S&P 500 Total Return IndexUSD10.5629.88
18-Jul-2018NACP44Impact Shares NAACP Minority Empowerment ETFETFUSD13.0133.73Impact Shares
Morningstar Minority Empowerment TR USDUSD11.4332.62
Europe
29-Oct-2007163AXA WF ACT Human CapitalSICAVEUR6.767.06AXA Investment Managers
50% STOXX Europe Small 200 Total Return Net + 50% STOXX Europe Mid 200 Total Return Net8.6311.80
24-Sep-202119R-co 4Change Inclusion & Handicap EquitySICAVEUR8.1213.66Rothschild & Co Asset Management
STOXX Europe 600EUR7.6415.01
South Africa
11-Aug-2021STXID1Satrix Inclusion & Diversity ETFETFZARN/AN/ASatrix S.A.
FTSE/JSE Top 40 Total Return IndexZARN/AN/A
Regional Equity AUM:1747
Total AUM:1984

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

See Diversity, Equity, & Inclusion Fund Key Stats