Vanguard Global ESG Select Stock Fund

Observant1

Vanguard Global ESG Select Stock Fund (VESGX) came to mind after viewing the clean/renewable ETFs thread. Wellington Management is the advisor for VESGX.
The fund has performed well since its 2019 inception but this is a short evaluation period.
It's unclear to me how selecting securities based on net zero targets will affect investment performance.
Any thoughts?

"Specifically, the advisor seeks to invest approximately 65% of the Fund’s assets
in companies with net zero science-based targets by 2030 and approximately
90% of the Fund’s assets in companies with net zero science-based targets by
2040, with the ultimate goal of investing 100% of the Fund’s assets in
companies that have reached net zero by 2050. The advisor reserves the right to
deviate from these targets without notice."

yogibearbull

Consider them in light of the broad net-zero targets globally. Several developed countries have net-zero target as 2050, China 2060, India 2070. This phased approach by VESGX seems sensible, and a bit on the aggressive side.

Derf

Wish in one hand & .... in the other one.
"The advisor reserves the right to
deviate from these targets without notice."