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Mutual Funds
The Calvert Group has several socially responsible mutual funds.
Minimum varies from $1000-$2500., The Calvert Group, 4550 Montgomery
Avenue, Bethesda, Maryland
20814, 1-800-368-2748, The Citizens Funds are a family of socially responsible no-load mutual funds including the Citizens Index Fund. Criteria used include environment, alcohol and tobacco, gambling , weapons, nuclear power, foreign country boycotts, equal opportunity, employee relations, community relations, human rights, consumer products, and treatment of animals. $2500 minimum. 1 800 223 7010 http://www.citizensfunds.com/ The Domini Social Equity Fund (DSEF) is a no-load mutual fund which seeks to provide its shareholders with long-term total return which corresponds to the total return performance of the Domini 400 Social Index (DSI), an index of 400 companies that pass multiple broad-based social or ethical screens. The DSI includes companies with positive records in community involvement, the environment, employee relations, product related issues, and hiring practices. It strives to avoid companies with significant revenues from alcohol, tobacco, gambling, nuclear power and weapons contracting. $1000 minimum. 1-800-762-6814, http://www.domini.com/ The Green Century Funds are a family of no-load environmentally responsible mutual funds founded by nonprofit environmental organizations. The Green Century Balanced Fund invests primarily in the stocks and bonds of select companies that have clean environmental records, many of which also make positive environmental contributions. The Green Century Equity Fund invests all of its assets in a diversified stock index fund which screens out those companies with the worst environmental and social records. The Green Century Funds are committed to shareholder activism as a crucial component of responsible investing. Minimum $2000 . Call (800)93-GREEN for a prospectus. (800) 934-7336, fax: (617)422-0881, E-Mail: greencnt@greencentury.com, http://www.greencentury.com The Parnassus Fund offers four mutual funds: an equity fund that invests in companies that treat employees well, respect the environment and have good community relations, an Equity Income Fund, which invests in dividend paying stocks; a Fixed Income Fund, which invests in bonds only; and the California Tax-Exempt Fund, which invests in municipal securities. All funds take social factors into account. Account Minimum: $2,000. (800)999-3505, fax: (415)778-0228, http://www.parnassus.com. The Parnassus Fund, One Market, Steuart Tower, San Francisco, CA 94105. The Pax World Fund Family includes one of the earliest socially responsible funds, The Pax World Fund, organized in 1970 by a group of Methodists who did not want to invest in the Vetnam war. The funds invest in companies whose products and services enhance the quality of life. Purchases securities in such industries as pollution control, healthcare, food, housing, technology and education. Does not invest in weapons production, nuclear power or the gambling, alcohol and tobacco industries. Before investing, each company is carefully screened for fair hiring practices and environmental responsibility. Pax has an affiliated foundation working for the world's poor and for world peace. Account Minimum: $250. (800)767-1729, fax: (603)431-8732, E-Mail: info@paxfund.com, http://www.paxfund.com, Pax World Fund Family, 222 State St. Portsmouth, NH 03801-3828.
Other funds with criteria and history of returns are listed on the web site of the Social Investment Forum. |
