Impact Funds
Impact Assessment, 2024
Themes
RTIF has four themes, with associated target outcomes and a target impact. The themes are deeply interconnected.
Addressing Climate Change
In this theme, we seek investments with a direct and strong influence on lowering carbon emissions at different scales.
Target Impact:
The economy is resilient and low carbon, thereby addressing climate change.
Advancing Social Equity
In this theme, we focus on investments that dismantle the barriers hindering full and equitable participation in society’s economic, social and political spheres.
Target Impact:
Due to greater social equity, people are able to fully contribute to and benefit from economic and social progress.
Preserving and Restoring Natural Capital
In this theme, we seek investments that help to lower demand on natural capital. We seek various positive and transformative shifts across different industries and scales.
Target Impact:
With natural capital preserved, the earth’s regenerative capacity is maintained.
Sustainably Meeting Basic Needs
In this theme, we focus on investments that create a foundation upon which people can build a stable life.
Target Impact:
Fundamental living requirements like food, water, shelter, healthcare and education are met for all.
Thematic Allocation, 2024
RTIF was invested in all four themes, as expected. RTIF does not have thematic allocation targets.
Impact areas within themes help investors to see "the where": the sector or area where change is happening. RTIF was invested in a wide range of areas.
RTIF Impact Areas within Themes, 2024
Addressing Climate Change
| Climate Change Mitigation | 22.7% |
| Clean Energy | 5.9% |
| Energy Efficiency | 2.3% |
| Green Buildings | 1.7% |
| Digital Infrastructure | 1.5% |
| Pollution Prevention | 0.6% |
| Sustainable Agriculture | 0.5% |
| Resilient Infrastructure | 0.1% |
Sustainably Meeting Basic Needs
| Quality Health Care | 9.9% |
| Quality Jobs | 4.6% |
| Digital Infrastructure | 4.2% |
| Water, Sanitation and Hygiene | 1.5% |
| Affordable Housing | 0.9% |
| Food Security | 0.4% |
| Racial Equity | 0.1% |
Preserving and Restoring Natural Capital
| Waste Management | 7.8% |
| Sustainable Water Management | 4.1% |
| Resilient Infrastructure | 0.9% |
| Biodiversity and Ecosystem Conservation | 0.6% |
| Sustainable Agriculture | 0.4% |
| Sustainable Land Management | 0.2% |
Advancing Social Equity
| Financial Inclusion | 9.1% |
| Community Development | 6.3% |
| Quality Jobs | 3.3% |
| Quality Health Care | 3.0% |
| Racial Equity | 2.6% |
| Quality Education | 1.9% |
| Smallholder Agriculture | 1.8% |
| Digital Infrastructure | 1.0% |
Target Outcomes Within Themes
Themes are not just a categorization tool; they help articulate the specific real-world outcomes and impacts a portfolio is aiming to achieve. Through our impact assessment, we are able to connect activities to outcomes, in support of a theme's target impact.
RTIF contributed to many significant outcomes in support of the target impact for each theme in 2024. In 2024, RTIF contributed to 19 of its 20 target outcomes.
RTIF 2024 Allocation to Target Outcomes
Percentages are based on allocation of investments, not including cash.
How We Create Thematic Allocation
Thematic allocation is determined through fundamental analysis. We first examine a holding’s activities, connect those to impact areas and then determine what targeted impact is being supported by the activity. In cases where a product has not yet deployed capital or has made only one or two investments, we allocate the uncalled commitment based on the product’s stated impact intention. As products deploy more capital, we are able to deepen our understanding of thematic allocation, based on reported activities not just intentions. A holding may contribute to multiple themes and the same impact area may appear in more than one theme. The repetition of an impact area is not a duplication as it represents a different holding undertaking a different activity in support of a different end goal.
Sustainable Development Goals
The United Nations’ Sustainable Development Goals (SDGs) is a globally recognized framework that supports systems thinking. There are 17 goals and 169 targets within those goals. The SDGs are a shared blueprint for all sectors of society to use to end poverty, protect the planet and ensure prosperity for all. They help investors identify areas where capital is needed to address the world’s biggest problems.
RTIF SDG Contribution, 2024
In 2024, RTIF contributed to all SDGs, a key portfolio goal.
Percentages are based on allocation of investments, not including cash.
How We Determine SDG Contribution
SDG contribution comes out of our evidence-based fundamental impact thesis on holdings. Having developed an investment thesis, we tie the thesis to the SDGs. If a holding contributes to more than one SDG, we assign a primary SDG and non-primary SDGs, based on fundamental research and analysis around the significance of activities – such as different revenue streams in a public company or the portfolio investment decisions for a private fund. For primary SDGs we also determine the underlying SDG target in order to fully understand impact. For young holdings, our assessment regarding SDG contribution may be a forward-looking expectation.
Charts and tables on this page represent a snapshot of RTIF investments as of December 31, 2024; investments may change over time. This document is for informational purposes only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of securities. The information contained herein is in summary form for convenience of presentation.
Rally Assets is the portfolio manager of RTIF. Majestic Asset Management is the investment fund manager of RTIF and is responsible for their day-to-day operations, compliance and supervision.
Only accredited investors are eligible to invest in RTIF and this webpage is meant only for accredited investors.
Rally Funds' Impact Overview