The Heart Rating

Since 1992, the Heart Rating has been the leading tool investors use to get a snapshot of socially responsible investment mutual fund environmental, social, and governance performance.

Read our latest publication “Rigor in Ratings” comparing the new Morningstar Sustainability Rating® to our Heart Rating. We provide recommendations for a comprehensive design of a socially responsible rating system for mutual funds.

Natural Investments is pleased to partner with Green America, which is dedicated to harnessing economic power for social justice and environmental sustainability, to promote the Heart Rating to investors seeking to align their investments with their values. The Heart Rating methodology is based on responses to a detailed fund management questionnaire and our analysis of fund-disclosed information in each fund prospectus. Scoring translates to number of hearts granted and is based on specific avoidance and affirmative screening criteria, shareholder advocacy strategies, community investing, and the management firm’s research process.

Learn more about The Heart Rating here Using the Social Rating and here Our Rating Criteria. The Heart Rating does not include any consideration of financial performance and is only applied to socially responsible investment mutual funds, sustainable investment mutual funds, and impact investment funds we select for rating.

Overall ScoreShareholder Advocacy ScoreCommunity Investing ScoreESG Screening ScoreFund NameOverall Heart RatingShareholder AdvocacyCommunity InvestingESG Screening
55.55640.51919 Socially Responsive Balanced Fund3224
7211551AB Sustainable Global Thematic Fund4425
181102Access Capital Community Investment2051
53.510042.5Alger Green Fund3404
44.551524.5Amana Developing World Fund*3253
44.551524.5Amana Growth Fund*3253
44.551524.5Amana Income Fund*3253
44.551524.5Amana Participation Fund*3253
7003American Trust Allegiance Fund1001
87.25111556.25Appleseed Fund5455
181102Ariel Appreciation Fund2401
181102Ariel Discovery Fund2401
181102Ariel Focus Fund 2401
181102Ariel Fund 2401
13008Ave Maria Bond Fund*1001
13008Ave Maria Catholic Values Fund*1001
13008Ave Maria Growth Fund*1001
13008Ave Maria Opportunity Fund*1001
13008Ave Maria Rising Dividend Fund*1001
13008Ave Maria World Equity Fund*1001
261056Azzad Ethical Fund*2421
261056Azzad Wise Capital Funds*2421
70.7514645.75Boston Common International Fund4524
70.7514645.75Boston Common US Equity Fund4524
3910025Brown Advisory Large Cap Sustainable Growth Fund2402
66101537Brown Advisory Sustainable Bond Fund4453
67.515641.5Calvert Aggressive Allocation Fund4524
76.5151541.5Calvert Balanced Portfolio5554
76.5151541.5Calvert Bond Portfolio5554
76.5151541.5Calvert Capital Accumulation Fund5554
67.515641.5Calvert Conservative Allocation Fund4524
67.515641.5Calvert Developed Markets Ex-US Responsive Index Fund4524
76.5151541.5Calvert Emerging Markets Equity5554
76.5151541.5Calvert Equity Portfolio5554
76.5151541.5Calvert Global Energy Solutions Fund5554
76.5151541.5Calvert Global Equity Income Fund5554
76.5151541.5Calvert Global Value Fund5554
76.5151541.5Calvert Global Water Fund5554
67.515641.5Calvert Green Bond Fund4524
67.515641.5Calvert High-Yield Bond Fund4524
67.515641.5Calvert Income Fund4524
76.5151541.5Calvert International Equity Fund5554
76.5151541.5Calvert International Opportunities Fund5554
67.515641.5Calvert Large-Cap Core Portfolio4524
67.515641.5Calvert Long-Term Income Fund4524
67.515641.5Calvert Moderate Allocation Fund4524
67.515641.5Calvert Short-Duration Income Fund4524
76.5151541.5Calvert Small-Cap Fund5554
67.515641.5Calvert Tax-Free Responsible Impact Bond Fund4524
67.515641.5Calvert U.S. Large-Cap Core Responsible Index Fund4524
67.515641.5Calvert U.S. Large-Cap Growth Responsible Index Fund4524
67.515641.5Calvert U.S. Large-Cap Value Responsible Index Fund4524
67.515641.5Calvert U.S. Mid-Cap Core Responsible Index Fund4524
67.515641.5Calvert Ultra-Short Income Fund4524
67.515641.5Calvert Unconstrained Bond Fund4524
6461538CCM Alternative Income Fund4254
483041Change Finance ETF3104
54.51536CNI Charter Socially Responsible Equity4504
6461538CRA Qualified Investment Fund4254
4712426Destra High Yield Strategy Fund3523
20.55012.5DFA US Social Core Equity 2 Portfolio2202
20.55012.5DFA US Sustainability Core 1 Portfolio2202
048Domini International Social Equity Fund5505
83151548Domini Social Bond Fund5555
6815048Domini Social Equity Fund5505
3013012Dreyfus Active Mid Cap Fund2502
3013012Dreyfus Alternative Diversifier Fund2502
3013012Dreyfus Appreciation Fund2502
3013012Dreyfus Balanced Opportunity Fund2202
3013012Dreyfus Diversified Emerging Markets Fund2502
3013012Dreyfus Diversified International Fund2502
3013012Dreyfus Emerging Markets Fund2502
3013012Dreyfus Equity Income Fund2502
3013012Dreyfus Global Emerging Markets Fund2502
3013012Dreyfus Global Equity Income Fund2502
3013012Dreyfus Growth and Income Fund2502
3013012Dreyfus International Equity Income Fund2502
3013012Dreyfus Large Cap Equity Fund2502
3013012Dreyfus Large Cap Growth Fund2502
3013012Dreyfus Mid Cap Growth Fund2502
3013012Dreyfus Small Cap Equity Fund2502
3013012Dreyfus Strategic Value Fund2502
39.513021.5Dreyfus US Sustainable Equity Fund3502
5050DWS GNMA Fund1021
419027Epiphany FFV Fund*3303
419027Epiphany FFV Strategic Income Fund*3303
5410732Eventide Gilead Fund*4434
4712426Flex Utilities & Infrastructure Fund3523
6414046Gabelli ESG Fund4504
93151558Green Century Balanced Fund5555
8615066Green Century Equity Fund5505
8615066Green Century International Fund5505
10009Integrity Growth & Income Fund1001
58.7515039John Hancock ESG All Cap Fund4504
58.7515039John Hancock ESG Large Cap Fund4504
16507LKCM Aquinas Growth Fund*2201
16507LKCM Aquinas Small Cap Fund*2201
160507LKCM Aquinas Value Fund*2201
67.758549.75Neuberger Berman Sustainable Equity4325
6913547New Alternatives Fund5525
67151533New Covenant Balanced Growth Fund*3323
67151533New Covenant Balanced Income Fund*3323
67151533New Covenant Growth Fund*3323
67151533New Covenant Income Fund*3323
3613153Northern Global Sustainability Index Fund3551
57.2515038.25NuShares ESG Emerging Markets ETF4504
58.7515039.75NuShares ESG International Developed Markets ETF4504
59.515040.5NuShares ESG Large Cap ETF4504
59.515040.5NuShares ESG Large Cap Value ETF4504
59.515040.5NuShares ESG Mid Cap ETF4504
59.515040.5NuShares ESG Mid Cap Value ETF4504
59.515040.5NuShares ESG Small Cap ETF4504
639940Parnassus Asia Fund4334
639940Parnassus Core Equity Fund4334
749951Parnassus Endeavor Fund4335
639940Parnassus Fixed Income Fund4334
749951Parnassus Fund4335
639940Parnassus Mid-Cap Fund4334
639940Parnassus Small Cap Fund4334
60151525Pax Ellevate Global Women's Index Fund4553
60151525Pax ESG Beta Quality Fund4553
60151525Pax World Balanced Fund4553
60151525Pax World Global Environmental Markets Fund4553
60151525Pax World High Yield Bond Fund4553
60151525Pax World MSCI International ESG Index Fund4553
60151525Pax World Small Cap Fund4553
5050Pimco Low Duration Fund1021
7715552Portfolio 21 Global Equity Fund5525
81151546Praxis Growth Index Fund*5554
81151546Praxis Impact Bond Fund*5554
81151546Praxis International Index Fund*5554
81151546Praxis Small Cap Fund*5554
81151546Praxis Value Index Fund*5554
44.551524.5Saturna Sustainable Bond Fund3253
44.551524.5Saturna Sustainable Equity Fund3253
4115021Schroder's International Alpha Fund3502
530643TIAA-CREF Social Choice Bond Fund3024
61.515042.5TIAA-CREF Social Choice Equity Fund4543
61.7515042.75TIAA-CREF Social Choice International Fund4504
57.2510043.25TIAA-CREF Social Choice Low Carbon Fund4404
12008Timothy Aggressive Growth Fund*1001
12008Timothy Conservative Growth Fund*1001
12008Timothy Defensive Strategies Fund*1001
12008Timothy Fixed Income Fund*1001
12008Timothy High Yield Bond Fund*1001
12008Timothy International Fund*1001
12008Timothy Israel Common Values Fund*1001
12008Timothy Large/Mid Cap Growth Fund*1001
12008Timothy Large/Mid Cap Value Fund*1001
12008Timothy Small Cap Growth Fund*1001
12008Timothy Strategic Growth Fund*1001
4712426Touchstone Premium Yield Equity Fund3523
3003USAA First Start Growth Fund1001
250020Vanguard FTSE Social Index2002
58.511043.75Vert Global Sustainable Real Estate Fund3404
74151546.5Walden Balanced Fund5505
66.515046.5Walden Equity Fund5505
66.515046.5Walden Mid-Cap Fund5505
66.515046.5Walden Small-Cap Innovations Fund5505

* Fund uses particular faith-based or religious screens that are not part of Natural Investments’ Heart Rating criteria.

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Disclosures and Disclaimers