An ESG startup just entered the mutual fund business, with help from Dimensional Fund Advisors (DFA).

Yesterday Sam Adams, CEO and co-founder of Vert Asset Management, confirmed the launch of the Vert Global Sustainable Real Estate Fund (VGSRX). Austin, Texas-based DFA subadvises the fund for the San Francisco, California-based Vert.

Adams is pitching the fund as, "the first sustainable real estate mutual fund available to US investors." The fund will invest in REITs using a proprietary research methodology, with Vert setting the universe of securities to pick from while DFA implements the fund's investment strategy.

U.S. Bank serves as custodian, fund accountant, fund administrator, and transfer agent for the new fund. BBD is the independent accounting firm, Godfrey & Kahn provides legal counsel, Vigilant Compliance handles compliance services, and Quasar Distributors is the distributor. 

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