Dimensional Fund Advisors has filed to offer four new exchange-traded funds that would be the first sustainability-focused ETFs in its lineup, a spokeswoman confirmed on Friday.
"The new ETFs build on Dimensional's experience in managing sustainability strategies in mutual funds and separate accounts over the past decade," Dave Butler, co-CEO of Dimensional, said in a news release.
The new funds are the Dimensional US Sustainability Core 1 ETF, Dimensional International Sustainability Core 1 ETF, Dimensional Emerging Markets Sustainability Core 1 ETF and Dimensional Global Sustainability Fixed Income ETF, according to a Thursday filing with the Securities and Exchange Commission.
Dimensional intends to weigh the impact that companies have on the environment as well as other sustainability considerations when making investment decisions regarding securities for the portfolios, the filing said.
Examples of the types of considerations expected to be used to evaluate companies' environmental impact and other sustainability considerations include greenhouse gas emissions, land use and biodiversity, land mine manufacturing, private prisons, factory farming and child labor, according to the filing.
Once listed, the four funds will join a Dimensional ETF lineup that currently totals 20 funds with about $48 billion in assets under management, according to the release.
Dimensional managed $679 billion for investors worldwide as of Dec. 31, the release said.
