There is an outsized impact per pound when you invest with Snowball.

How did we calculate the comparison?

We used MSCI World Exchange Traded Fund to represent a traditional, non-impact fund. An Exchange Traded Fund is a basket of stocks or bonds and the Exchange Traded Fund we have selected tracks the MSCI World index, consisting of developed market public equities. We used Net Purpose, an impact measurement and reporting platform, to measure the Exchange Traded Fund’s impact.

Why is Snowball’s impact outperformance so strong?

Unlike traditional investment where the impact of an investment is an unintentional externality, Snowball invests with the intent, or aim, of having positive impact – and to address complex social and environmental issues by targeting the root causes and systemic challenges of these problems. Snowball’s impact is also additional, meaning the fund’s holdings help to generate positive outcomes that may not otherwise occur. The following case studies provide more detail on how the Snowball Fund’s investments are contributing to these impact outcomes.

• Ascent. Improved educational and employment outcomes. Read more.

• Lyme Forest Fund V. Land restored or managed sustainably. Read more.

• Puerto Real Solar Project. Clean energy generated. Read more.

• Women in Safe Homes Fund. Individuals housed. Read more.

• Stronger Families. Individuals provided with healthcare. Read more.

• Bike Club. Waste recycled, recovered, reduced or avoided. Read more.

• Circularity European Growth Funds. Water treated, saved, reused or provided. Read more.

Outsized impact as a driver of outsized returns.

An investment with Snowball provides access to private market opportunities where the potential to help shape the world and target premium returns¹ is compelling. Through “impact value creation”, which is the actions we take as owners and influencers to enhance the scale, depth, or duration of the impact, we also target a commensurate improvement in financial returns. The long-term nature of private markets gives us time to create the most value for Snowball investees - and investors.

What are the challenges in making the comparison?

Out of the ten comparable impact outcomes, the traditional fund outperformed Snowball on one: ‘underserved individuals/groups supported with access to finance’. 86% of those two outcomes in the traditional fund are from an undiversified set of just two companies whose scale enable them to have huge reach dominating the two outcomes.

Next steps.

Snowball’s impact performance is likely to be a conservative estimate of the positive outcomes associated to the Snowball Fund. Snowball’s outcomes for ‘underserved individuals/groups supported with access to finance’ in particular are comprised of private market opportunities, where data available may not yet capture the full extent of impact and investments are often at a smaller scale but designed to drive systemic change.

Noting these challenges and areas for growth Snowball will continue to engage with managers to expand and improve impact reporting over time thereby expanding the number of the holdings in the Snowball portfolio included in the listed outcomes.

¹New Frontiers in Value Creation, Impact Capital Managers and Tideline, 2024.