For use with accredited investors only
The Fund intends to invest in a wide range of opportunities across three core impact objectives.
To increase access to financial services for underserved markets and beneficiaries.
— Financial Inclusion
— Gender Lens
— Racial Equity
To enhance quality and equity of essential services that enable economic growth in underserved communities.
— Access to Quality Education
— Affordable Quality Housing
— Green Buildings
— Quality Jobs
To minimize environmental impact and promote more sustainable resource consumption.
— Clean Energy
— Climate Change Mitigation
— Energy Efficiency
— Sustainable Agriculture
— Waste Management
As of September 30, 2024 |
Inception date = November 1, 2021
Past performance is not indicative of future results
Year to date
return
1-year
return
Since
inception
1-year distribution rate
As of September 30, 2024 |
Inception date = November 1, 2021
1 yr | SI | |
---|---|---|
Variant | IMPCX | 8.86% | 10.71% |
IG bonds | BBG Agg | 11.57% | -1.42% |
High yield | BBG HY | 15.74% | 3.25% |
Equity | S&P 500 | 36.33% | 9.68% |
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2021 | 0.56 | 0.70 | 1.27 | ||||||||||
2022 | 0.76 | 0.67 | 0.83 | 0.75 | 2.87 | 0.68 | 0.42 | 0.88 | 1.49 | 0.49 | 0.60 | 1.49 | 12.59 |
2023 | 0.64 | 0.41 | 0.97 | 0.71 | 0.82 | 0.78 | 1.59 | 1.46 | 0.75 | 1.44 | 0.64 | 2.05 | 12.96 |
2024 | 0.82 | 0.11 | 0.62 | 0.93 | 0.43 | 0.73 | 0.28 | -0.25 | 0.73 | 4.49 |
IMPCX | BBG Agg | BBG HY | S&P 500 | |
---|---|---|---|---|
2021 | 1.27 | 0.04 | 0.88 | 3.75 |
2022 | 12.59 | -13.01 | -11.19 | -18.13 |
2023 | 12.96 | 5.53 | 13.45 | 26.26 |
2024 | 4.49 | 4.45 | 8.00 | 22.08 |
The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Returns assume reinvestment of dividends and capital gains.
As of September 30, 2024 |
Fund structure | Interval closed-end fund |
Fund assets | $86.8 million |
Qualifications | Accredited Investor |
Subscriptions / NAV | Daily |
Redemptions | Qtrly 5% of Fund NAV |
Management fee | 1.25% |
Share class | Institutional |
Ticker / CUSIP | IMPCX / 922210109 |
Fund launch | November 1, 2021 |
Min. investment | $1,000,000 (Fund Level) |
Gross expense ratio | 2.47% |
Net expense ratio | 2.08% |
Administrator | UMB Fund Services |
Counsel | Faegre Drinker |
Auditor | Cohen & Company |
Distributor | UMB Distribution Services, LLC |
Distributions | Quarterly |
Tax reporting | 1099 |
Principles for Responsible Investing is the world’s leading proponent of responsible investment. It works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. Variant became a signatory on January 27, 2022.
The Global Impact Investing Network (Variant became a member of the GIIN in May 2021) is the global champion of impact investing, dedicated to increasing its scale and effectiveness around the world. Impact investments are investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return.
Variant engaged Tideline, a leading consultant in impact investing, to advise on the design & operationalization of its impact management strategy. Tideline is a specialist, women-owned consulting firm that works with asset managers and allocators to design and implement best-in-class impact management systems.
The Sustainable Development Goals are a universal call to action to end poverty, protect the planet and improve the lives and prospects of everyone, everywhere. The 17 Goals were adopted by all UN Member States in 2015, as part of the 2030 Agenda for Sustainable Development which set out a 15-year plan to achieve the Goals.