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 RatingESG ScreeningShareholder AdvocacyCommunity Investing
55.55640.51919 Socially Responsive Balanced Fund3422
7211551AB Sustainable Global Thematic Fund4542
181102Access Capital Community Investment2105
53.510042.5Alger Green Fund3440
44.551524.5Amana Developing World Fund*3325
44.551524.5Amana Growth Fund*3325
44.551524.5Amana Income Fund*3325
44.551524.5Amana Participation Fund*3325
7003American Trust Allegiance Fund1100
87.25111556.25Appleseed Fund5545
181102Ariel Appreciation Fund2140
181102Ariel Discovery Fund2140
181102Ariel Focus Fund 2140
181102Ariel Fund 2140
13008Ave Maria Bond Fund*1100
13008Ave Maria Catholic Values Fund*1100
13008Ave Maria Growth Fund*1100
13008Ave Maria Opportunity Fund*1100
13008Ave Maria Rising Dividend Fund*1100
13008Ave Maria World Equity Fund*1100
261056Azzad Ethical Fund*2142
261056Azzad Wise Capital Funds*2142
54.51536Baywood Socially Responsible Equity4450
3013012BNY Mellon Active Mid Cap Fund2250
3013012BNY Mellon Alternative Diversifier Fund2250
3013012BNY Mellon Appreciation Fund2250
3013012BNY Mellon Balanced Opportunity Fund2220
3013012BNY Mellon Diversified Emerging Markets Fund2250
3013012BNY Mellon Diversified International Fund2250
3013012BNY Mellon Emerging Markets Fund2250
3013012BNY Mellon Equity Income Fund2250
3013012BNY Mellon Global Emerging Markets Fund2250
3013012BNY Mellon Global Equity Income Fund2250
3013012BNY Mellon Growth and Income Fund2250
3013012BNY Mellon International Equity Income Fund2250
3013012BNY Mellon Large Cap Equity Fund2250
3013012BNY Mellon Large Cap Growth Fund2250
3013012BNY Mellon Mid Cap Growth Fund2250
3013012BNY Mellon Small Cap Equity Fund2250
3013012BNY Mellon Strategic Value Fund2250
39.513021.5BNY Mellon US Sustainable Equity Fund3250
70.7514645.75Boston Common International Fund4452
70.7514645.75Boston Common US Equity Fund4452
12517099Brown Advisory Large Cap Sustainable Growth Fund3340
1611730105Brown Advisory Sustainable Bond Fund4345
178
30
12124Calvert Growth Allocation 4452
196
30
30124Calvert Balanced Portfolio4455
196
30
30124Calvert Bond Portfolio4455
196
30
30124Calvert Midcap 4455
17830
12124Calvert Conservative Allocation 4452
17830
12124Calvert Developed Markets Ex-US Responsive Index 4452
196
30
30124Calvert Emerging Markets Equity4455
196
30
30124Calvert Equity Portfolio
4455
196
30
30124Calvert Global Energy Solutions4455
196
30
30124Calvert Global Water4455
17830
12124Calvert Green Bond 4452
17830
12124Calvert High-Yield Bond 4452
17830
12124Calvert Income 4452
196
30
30124Calvert International Equity 4455
196
30
30124Calvert International Opportunities 4455
17830
12124Calvert Large-Cap Core Portfolio4452
17830
12124Calvert Core Bond 4452
17830
12124Calvert Moderate Allocation 4452
17830
12124Calvert Short-Duration Income 4452
196
30
30124Calvert Small-Cap 4455
17830
12124Calvert Tax-Free Responsible Impact Bond 4452
17830
12124Calvert U.S. Large-Cap Core Responsible Index4452
17830
12124Calvert U.S. Large-Cap Growth Responsible Index4452
17830
12124Calvert U.S. Large-Cap Value Responsible Index 4452
17830
12124Calvert U.S. Mid-Cap Core Responsible Index4452
67.530
12124Calvert Ultra-Short Income4452
67.530
12124Calvert Flexible Bond 4452
6461538CCM Alternative Income Fund4425
2122410166Change Finance ETF5542
6461538CCM Community Impact Bond Fund4425
4712426Destra High Yield Strategy Fund3352
20.55012.5DFA US Social Core Equity 2 Portfolio2220
20.55012.5DFA US Sustainability Core 1 Portfolio2220
6815
048Domini International Social Equity Fund5550
83151548Domini Social Bond Fund5555
6815048Domini Social Equity Fund5550
5050DWS GNMA Fund1102
5410732Eventide Gilead Fund*4443
4712426Flex Utilities & Infrastructure Fund3352
11628080Gabelli ESG Fund3350
93151558Green Century Balanced Fund5555
8615066Green Century Equity Fund5550
8615066Green Century International Fund5550
10009Integrity Growth & Income Fund1100
58.7515039John Hancock ESG All Cap Fund4450
58.7515039John Hancock ESG Large Cap Fund4450
7412046KBI Global Investors Aquarius Fund4440
16507LKCM Aquinas Growth Fund*2120
16507LKCM Aquinas Small Cap Fund*2120
160507LKCM Aquinas Value Fund*2120
3712023Loomis Sayles Inflation Protected Securities Fund2240
7412946Mirova Global Green Bond Fund4443
7412046Mirova International Sustainable Equity Fund4440
379323Natixis Sustainable Future Funds2231
1821710143
Neuberger Berman Sustainable Equity4432
6913547New Alternatives Fund5552
67151533New Covenant Balanced Growth Fund*3332
67151533New Covenant Balanced Income Fund*3332
67151533New Covenant Growth Fund*3332
67151533New Covenant Income Fund*3332
3613153Northern Global Sustainability Index Fund3155
57.2515038.25NuShares ESG Emerging Markets ETF4450
58.7515039.75NuShares ESG International Developed Markets ETF4450
59.515040.5NuShares ESG Large Cap ETF4450
59.515040.5NuShares ESG Large Cap Value ETF4450
59.515040.5NuShares ESG Mid Cap ETF4450
59.515040.5NuShares ESG Mid Cap Value ETF4450
59.515040.5NuShares ESG Small Cap ETF4450
183
1818135Parnassus Asia Fund4433
1831818135Parnassus Core Equity Fund4433
2031818155Parnassus Endeavor Fund4533
1831818135Parnassus Fixed Income Fund4433
2031818155Parnassus Fund4533
1831818135Parnassus Mid-Cap Fund4433
1831818135Parnassus Small Cap Fund4433
1932930122
Pax Core Bond Fund4455
19329
30122Pax Ellevate Global Women's Index Fund4355
1932930122Pax US Sustainable Economy Fund4355
2242930153Pax Global Opportunities Fund5555
224
2930153Pax Large Cap Fund5555
1932930122Pax World Balanced Fund4355
224
2930153
Pax World Global Environmental Markets Fund5555
1932930122Pax World High Yield Bond Fund4355
19329
30122Pax International Sustainable Economy Fund4355
1932930122Pax World Small Cap Fund4355
5050Pimco Low Duration Fund1102
7715552Portfolio 21 Global Equity Fund5552
81151546Praxis Growth Index Fund*5455
81151546Praxis Impact Bond Fund*5455
81151546Praxis International Index Fund*5455
81151546Praxis Small Cap Fund*5455
81151546Praxis Value Index Fund*5455
44.551524.5Saturna Sustainable Bond Fund3325
44.551524.5Saturna Sustainable Equity Fund3325
4115021Schroder's International Alpha Fund3250
11015087Thornburg Better World International Fund3330
530643TIAA-CREF Social Choice Bond Fund3402
61.515042.5TIAA-CREF Social Choice Equity Fund4354
61.7515042.75TIAA-CREF Social Choice International Fund4450
57.2510043.25TIAA-CREF Social Choice Low Carbon Fund4440
12008Timothy Aggressive Growth Fund*1100
12008Timothy Conservative Growth Fund*1100
12008Timothy Defensive Strategies Fund*1100
12008Timothy Fixed Income Fund*1100
12008Timothy High Yield Bond Fund*1100
12008Timothy International Fund*1100
12008Timothy Israel Common Values Fund*1100
12008Timothy Large/Mid Cap Growth Fund*1100
12008Timothy Large/Mid Cap Value Fund*1100
12008Timothy Small Cap Growth Fund*1100
12008Timothy Strategic Growth Fund*1100
4712426Touchstone Premium Yield Equity Fund3352
3003USAA First Start Growth Fund1100
250020Vanguard FTSE Social Index2200
58.511043.75Vert Global Sustainable Real Estate Fund3440
74151546.5Walden Balanced Fund5550
66.515046.5Walden Equity Fund5550
66.515046.5Walden Mid-Cap Fund5550
134180106JP Morgan US Sustainable Leaders3330
66.515046.5Walden Small-Cap Innovations Fund5550
11613091Aberdeen Global Equity Impact Strategy 3330
11117084Tortoise Ecofin Global Renewables Infrastructure Fund3330
116233051Columbia Threadneedle US Social Fund3245
167120143Essex Global Environmental Opportunities4420
866068Segall Bryant & Hamill Workplace Equality Fund2210
159170130Tortoise Ecofin Global Water ETF443
11721086Glenmede Women in Leadership Equity334
11921088Glenmede Responsible ESG Equity334
204210171AGF Global Sustainable Growth Equity454
10118073Putnam Sustainable Leaders Equity223
10118073Putnam Sustainable Future Equity223
210220178Shelton Green Alpha 554

* 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