Remember when we talked about socially responsible investments? We’re happy to share that investing in causes you care about has become a bit easier, thanks to Ellevest.
The fees for this portfolio are the same as Ellevest’s typical offerings: 0.25% of assets under management for those investing less than $50,000 and 0.5% of AUM for those investing more than $50,000. If you plan to invest more than $1 million, prices vary (and if you’re a millionaire reading She Spends, fill out our money diaries form).
The portfolio includes a weighted mix of the following index funds: the Pax Ellevate Global Women’s Leadership Fund (PXWIX), State Street’s gender diversity ETF (SHE), iShares MSCI EAFE (ESGD), iShares MSCI emerging markets (ESGE) and Access Community Capital Fund (ACCSX). Just so you know, you can check up on the performance on any of these funds by going to Google Finance and searching the ticker, or the abbreviation used by the stock market, which is in parentheses above. You can also find out what companies are being held in those indexes by using Morningstar.
From an investment standpoint, there’s a healthy mix here of large cap U.S. and global stocks, emerging markets investments and even mortgage-backed securities and municipal bonds. While the large cap and emerging markets investments offer strong diversification, the mortgage-backed securities and municipal bonds are used to invest in housing loans and local communities, which is pretty cool.
If you’re interested in learning more about Ellevest or in starting to invest with them, use this link. For every free form you fill out, She Spends receives $3. Once you start investing with Ellevest, we receive $75. This money helps She Spends cover operating costs, which currently stand at $936 per year.