What can the Pella Global Generations PIE Fund actually invest in?
The fund's Statement of Investment Policy and Objectives (SIPO) defines the asset classes it can hold and the allowable target / min / max weights for each.
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| Global equities | 95% | 80% | 100% |
| Cash and cash equivalents | 5% | 0% | 20% |
Mandate flexibility (sum of max − min across all ranges): 40%. Narrow range — index-tracking style with limited drift.
Explicit exclusions (14)
- Alcoholic beverages manufacturing (0% revenue threshold)
- Animal cruelty – cosmetic testing, crowd entertainment, intensive animal husbandry (0% revenue threshold)
- Correctional facilities (0% revenue threshold)
- Deforestation (0% revenue threshold)
- Fossil fuel generation – thermal coal (>5% revenue threshold, unless transitioning and fully exiting within three years)
- Fossil fuel generation – gas (>15% revenue threshold)
- Fossil fuel mining/exploration including oil, thermal coal, and natural gas (0% revenue threshold)
- Gambling (0% revenue threshold)
- GMO seeds manufacturing (0% revenue threshold)
- Pornography (0% revenue threshold)
- Tobacco and nicotine alternative products (0% revenue threshold, including companies with >10% ownership in such companies)
- Uranium mining (0% revenue threshold)
- Weapons – all types including controversial and non-controversial, guns, bombs, and munitions (0% revenue threshold)
- Companies severely breaching UN Global Compact principles (forced labour/slavery, child labour, child pornography, genocide, ethnocide) without appropriate remediation
Responsible-investment approach
The Fund incorporates ESG Integration, Negative/Exclusion Screening (13 activity-based exclusions), Norms-Based Screening (aligned to UN Global Compact), Stewardship (targeting 100% shareholder vote participation), and a Sustainability-Themed strategy requiring portfolio carbon intensity to be at least 30% lower than the Benchmark. MSCI ESG ratings and scores are used throughout.
Derivatives policy
The Fund may invest in direct securities and currencies including derivatives. No further limits or specific permitted uses are detailed beyond this statement.