Global Impact Fund.

Purpose.

A thematic portfolio that compounds wealth for both our clients and the world. The Fund invests in a globally diversified portfolio of publicly listed securities, selected for their intention and ability to compound shareholder value by offering goods and services that contribute to measurable social or environmental benefit.  

Why this fund.

  • A global portfolio of all-cap publicly listed equities that offer solutions and services which address pressing global challenges
  • Businesses added to this fund must pass our rigorous ESG analysis and impact checklist in addition to fundamental analysis
  • For each holding, we track quantifiable impact metrics and monitor for changes to the impact case. In addition, we evaluate alignment of each holding to the Sustainable Development Goals (SDGs)
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Key facts.

As at 
August 12, 2024

Assets: $200,000

Price: $10

MER: 0%

Type: 100% public equities

Region: Global

Size: All-cap

Inception: Aug 12, 2024

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Impact Themes

The Global Impact Fund hosts a collection of high-quality businesses making a durable and measurable impact. Each impact theme in this portfolio bases its foundations upon the 17 Sustainable Development Goals(SDGs) adopted by the United Nations. We focus our themes on investable areas that address pressing global challenges, empowering our clients to actively drive positive change.

Quality of life

A focus on companies improving standard of care, clean water and sanitation — including global access and infrastructure for water and health care, productivity of research, and illness prevention.

UN SDGs alignment:

Good Health & Well Being
Clean Water & Sanitation
Reduced Inequalities

Energy transition

A focus on companies providing clean and/or renewable energy, and those enabling scalable energy transition through peripheral technologies including hardware and software.

UN SDGs alignment:

Affordable & Clean Energy
Industry Innovation & Infrastructure
Sustainable Cities
Responsible Consumption & Production
Climate Action

Social inclusion

A focus on companies that foster economic empowerment and financial independence through diversifying marketplaces, opportunity creation, and enhancing access and ways of working.

UN SDGs alignment:

Reduced Inequalities
No Poverty
Gender Equality
Decent Work & Economic Growth
Industry Innovation & Infrastructure

Sustainable production & consumption

A focus on companies that drive circular economies and resource efficiency from production through to consumption and up/recycling.

UN SDGs alignment:

Responsible Consumption & Production
Sustainable Cities
Life Below Water
Life on Land
Industry Innovation & Infrastructure

Example holdings & stories.

Energy transition
Boralex Inc.
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TSE: BLX
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Impact thesis:
Boralex develops solar and wind projects which helps contribute to the overall energy production mix and as they grow, help promote the shift from a fossil fuel reliant energy system to renewable power.

Case study:
Boralex has partnered with the Innu Nation on the Apuiat wind project in the Côte-Nord region of Quebec to create a 200-MW wind farm. 


The wind farm will be located on the public land of the traditional territory (Nitassinan) of the Uashat mak Mani-utenam First Nation and is expected to:

  • Create a long-term clean energy source
  • Generate sustainable economic and social benefits for Innu communities
  • Open up nearly 300 jobs to the Innu community during the construction phase, along with approximately 10 permanent jobs for the wind farm's operations. In addition to getting a special recruiter, members of the Innu community will be trained in wind turbine maintenance through a customized program.

The Innu communities and Boralex each hold 50% of the votes on the Apuiat Wind Farm's Board of Directors.

Social inclusion
Bank Rakyat Indonesia
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IDX: BBRI
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Impact thesis:
BRI is focused on becoming the Financial Inclusion leader and we believe they are and will continue to do this by providing micro and ultra-micro loans primarily to small businesses which we believe enables:

  • Empowerment of underprivileged community groups so that they can become independent entrepreneurs
  • Providing more complete financial products and services
  • Expansion and ease of access to financial services

In addition, BRI has a subsidiary dedicated to providing loans to underprivileged women through their ultra-micro ecosystem.  

Case study:
The need to conduct financial transactions digitally must be deeply embedded within customers’ daily activities to ensure its sustainability. Three pioneers of financial inclusion: Bank Rakyat Indonesia, Pegadaian (Indonesia’s largest pawn lender), and PNM (Indonesia’s largest group lender that focuses on empowering women) have joined hands to create an ultra-micro ecosystem. Together, they aspire to become one of the world’s largest micro-finance institutions, bringing more than 30 million customers out of poverty over the next four years.

Sustainable production & consumption
ATS Automation Tooling Systems
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TSE: ATS
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Impact thesis:
ATS Corp is a leader in automation solutions with customers spread across hundreds of regulated end-markets including electric vehicle manufactures, life sciences, food and beverage companies, renewable energy, and consumer products.

Case study:
As an automotive manufacturer transitions to electric vehicle (EV) production, the stakes are high, especially in the realm of battery assembly. The rapid evolution of battery technology, coupled with aggressive production targets and the need for efficient use of existing facilities, poses significant challenges. These challenges can add millions of dollars in costs and delay to critical EV projects.

Partnering with ATS, a manufacturer leveraged ATS's global reach, scalability, and project management expertise to help scale its battery manufacturing. Together, ATS worked with the manufacturer to design and implement an innovative automotive assembly system. Applying their extensive knowledge of battery cell types, the team developed a modular assembly system based on ATS’s SuperTrak CONVEYANCE™ Platform.

With this modular platform, the manufacturer gained a 50% improvement in floor efficiency, maintaining their project schedule, and keeping to a budget.

Quality of life
Insulet Corportation
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NASDAQ: PODD
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Impact thesis:
Insulet brought the first truly wearable, automated, insulin delivery system controlled by a phone to market – the Omnipod.

We believe that the Omnipod System increases the standard of care for patients by:

  • Reducing the number of days that you need to inject (1 pod replaces ~14 injections)
  • Tracking insulin levels while increasing the level of precision in terms of accurate insulin injection
  • Reducing mental burden associated with living with insulin-dependent diabetes (approximately 300 decisions are made per day to manage glucose levels)

Case study:
Insulet began as a father’s vision to find a better alternative to  his young son’s limited options for insulin delivery. This led to Insulet’s groundbreaking innovation of making insulin delivery wearable with Pod therapy.  

Today, the company offers the revolutionary Omnipod 5 Automated Insulin Delivery System - the first tubeless, wearable automated insulin delivery (AID) system in the U.S., with significantly improved time in range and reduced HbA1c in children aged 2 through 5.9 years with type 1 diabetes over 12 months of use. This trial extension data was presented at the American Diabetes Association 82nd Scientific Sessions in New Orleans, Louisiana.

Several publications have found that compared to Multiple Daily Injection (MDI) therapy, the use of the Omnipod System by individuals with both type 1 and type 2 diabetes is associated with good glycemic control and reduced frequency and severity of hypoglycemic episodes. These results are consistent with published literature of other continuous subcutaneous insulin infusion devices.

"One of our biggest goals in the development of Omnipod 5 was to ease the burden that type 1 diabetes places on families and caregivers of this vulnerable age group,” said Dr. Trang Ly MBBS, FRACP, PhD, Insulet Senior Vice President and Medical Director. “With these preschool extension trial results, we have demonstrated improved glycemic results over the long term for very young children managing diabetes. I’m incredibly proud of this remarkable achievement and know that Omnipod 5 will have a big impact on these families."

This fund screens out:

  • Fossil fuels
  • Military weapons
  • Tobacco
  • Nuclear power
  • Gambling
  • Pornographic materials

And reviews performance in:

  • Environmental impact
  • Diversity
  • Sustainable products
  • Human rights
  • Community relations
  • Employee relations
  • Corporate governance

Building the portfolio: weighting & design.

Selection of high-quality businesses with strong fundamentals

Our analysts evaluate for financial, economic and market strength to ensure stability and profitability. We take into account:

  • Industry Attractiveness
  • Competitive Advantage
  • Management
  • Valuation
Identification of investments with measurable impact and potential

Our analysis and selection processes account for:

  • ESG considerations (environmental, social, governance)
  • Measure results or potential for addressing global challenges that fit with UN Sustainable Development Goals in our portfolio themes and sub themes
Balance of position sizes based on return

Individual position sizes are determined based on our view of relative conviction and expected total return.

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Top 10 holdings.

As at 
August 12, 2024
No items found.

Sector mix.

As at 
August 12, 2024

Geography mix.

As at 
August 12, 2024

Be a financial force for change.

Whether you’re an individual or an association, union, non-profit, foundation, or trust, we’ll help you invest in ways that strengthen your financial future and positively impact your community and the world.