Social Impact

The Social Impact SRI portfolio is similar to our Broad Impact SRI portfolio, but further promotes the social pillar of ESG investing by allocating to three stock ETFs which specifically focus on diversity and inclusion: Goldman Sachs JUST U.S. Large Cap Equity ETF (JUST), SPDR SSGA Gender Diversity Index ETF (SHE), and Academy Veteran Impact ETF (VETZ).

By investing in JUST, investors are allocating more of their money to companies promoting positive change on key social issues, such as worker wellbeing, customer privacy, environmental impact, and community strength, based on the values of the American public as identified by JUST Capital’s polling, while maintaining market-like risk and strong diversification.

SHE is a US Stock ETF that allows investors to invest in more female-led companies compared to the broader market. By investing in SHE, investors are allocating more of their money to companies that have demonstrated greater gender diversity within senior leadership than other firms in their sector.

VETZ is the first of its kind: a publicly-traded ETF that mainly invests in loans to active and retired U.S. service members, and the survivors of fallen veterans. Unlike SHE and JUST, which are comprised of stocks, VETZ is an all-bond fund. This allows investors with a lower appetite for investing risk to maintain exposure to socially responsible ETFs.

To learn more about the portfolio construction of the Social Impact portfolio, review our full SRI portfolio methodology.