This sustainable investing resource guide and directory overviews SRI mutual funds, green mutual funds, along with their SRI investment returns based upon social investing, green investing, corporate social responsibility, socially responsible investing, and SRI standards.
American Trust Company (http://www.amertrust.com/)
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Allegiance Fund (ATAFX) : A socially responsible mutual fund that uses negative screens for alcohol, gambling, health care, and tobacco industries.
Appleseed Fund (http://www.appleseedfund.com/)
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Appleseed Fund (APPLX): This socially responsible investing mutual fund evaluate companies based upon their triple-bottom line, evaluating profit potential, and corporate social responsibility to the environment and society.
Aquinas Funds ( http://www.lkcm.com/html/aquinas_funds.html )
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Managed by Luther King Capital Management Corporation, these series of Catholic-beliefs based SRI mutual funds screen holdings based upon viewpoints related to “abortion, contraceptives, weapons of mass destruction, gender and race discrimination, human rights, economic priorities, environmental responsibility, and fair employment practices.” They seek income investing opportunities.
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Equity Fund (AQEGX)
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Fixed Income Fund (AQFIX)
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Small Cap Fund (AQBLX)
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Value Fund (AQEIX)
Ariel Mutual Funds (http://www.arielmutualfunds.com/)
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The Ariel series of socially responsible investment funds focus on long-term appreciation investing, not short-term income investing. They screen for companies with positive corporate social responsibility practices related to the environment, diversity, and community contribution. The funds also negative screen for tobacco, handgun, and nuclear energy industries.
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Ariel Appreciation Fund (CAAPX)
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Ariel Focus Fund (ARFFX)
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Ariel Growth Fund (ARGFX)
AXA Enterprise Funds (http://www.enterprisefunds.com/funds/E189.asp)
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AXA Enterprise Socially Responsible Fund (EGSAX): This fund, managed by Brandywine Global Investment Management, employs negative screens against “weapons production, environment, involvement with nuclear energy, fair employment and labor issues, and human rights.”
The Blue Fund ( http://www.bluefund.com )
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Blue Small Cap Fund, Blue Large Cap Fund: These two socially responsible mutual funds are managed to respectively mirror The Blue Small Cap and The Blue Large Cap Index, which is a diversified benchmark following the Blue Companies' performance in the Russell 2000 index. The SRI mutual funds screen for companies that both “act blue” and “give blue,” including screens for political relationships and corporate social responsibility.
Bridgeway Capital Management (http://www.bridgeway.com)
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With a large fund family, Bridgeway Capital Management is not necessarily considered strictly socially responsible funds, but they do conduct negative screens that prevent holdings in tobacco industries.
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Bridgeway Aggressive Investors 2 Fund (BRAIX)
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Bridgeway Balanced Fund (BRBPX)
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Bridgeway Blue Chip 35 Index Fund (BRLIX)
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Bridgeway Large Cap Growth (BRLGX)
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Bridgeway Large Cap Value (BRLVX )
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Bridgeway Small Cap Growth (BRSGX)
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Bridgeway Small Cap Value (BRSVX)
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Bridgeway Ultra Small Company Market Fund (BRSIX)
Calvert Group (http://www.calvertgroup.com/)
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The Calvert Funds manage an extensive family of socially responsible investment funds to meet different investors’ income needs and risk tolerance levels. Each socially responsible fund is screened through Calvert’s “Double Diligence” process, which screens for factors such as governance and ethics, workplace, environment, product safety and impact, international operations and human rights, indigenous peoples' rights, and community relations.
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Aggressive Allocation (CAAAX)
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Capital Accumulation (CCAFX)
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Conservative Allocation (CCLAX)
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Global Alternative Energy (CGAEX)
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International Opportunities (CIOAX))
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Mid Cap Value (CMVAX)
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Moderate Allocation (CMAAX)
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New Vision (CNVAX)
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Small Cap Value (CCVAX)
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Social Balanced (CSIFX)
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Social Bond (CSIBX)
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Social Enhanced Equity (CMIFX)
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Social Equity (CSIEX)
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Social Index (CSSAX)
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Social Large Cap (CLGAX)
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Social Large Cap Growth (CLDAX)
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World Values International Equity (CWVGX)
Citizens Fund (http://www.citizensfunds.com/)
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With a family of eight varying SRI mutual funds, the Citizens Fund enacts several socially responsible negative screens: tobacco, alcohol, nuclear power plant, weapons, and gambling industries. In addition, the socially responsible investment funds screen for lack of diversity represented within the board of directors and senior management levels.
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Citizens Balanced (CFBLX)
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Citizens Core Growth (WAIDX)
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Citizens Emerging Growth (WAEGX)
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Citizens Global Equity (WAGEX)
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Bridgeway Large Cap Value (BRLVX )
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Bridgeway Small Cap Growth (BRSGX)
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Citizens Income (WAIMX)
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Citizens Small Cap Core Growth (CSCSX)
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Citizens Value Fund (MYPVX)
Community Capital Management (http://www.ccmfixedincome.com)
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CRA Qualified Investment Fund (CRATX): Considered one of the “largest community development investment vehicles,” this social investing fund screens its investments based upon community development criteria, including affordable housing, community services, economic development activities, and revitalization investments – specifically geared for low to moderate income communities.
Domini Social Investments (http://www.domini.com)
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Offering several funds, Domini has been considered as the trailblazer and benchmark for socially responsible investing. For their equity funds, Domini enacts positive SRI screens for the following components: “contribute to the local communities in which they are located, produce high-quality, safe, and useful products, enrich the ecosystems on which they depend, invest in the health and development of their employees, treat their investors and lenders openly and transparently, and strengthen the capabilities of their suppliers.” Domini also negatively screens for companies performing negatively in the arenas of the Darfur crisis, human rights issues, climate change contributions, community development – as well as the alcohol, tobacco, gambling, military weapons, and nuclear power industries. They also offer international SRI investing funds, as well as bonds that focus on providing opportunities to underprivileged communities.
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European PacAsia Social Equity Fund (DUPFX)
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European Social Equity (DEUFX)
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PacAsia Social Equity Fund (DPAFX)
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Social Equity (DSEFX)
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Social Bond (DSBFX)
Dreyfus Corporation ( http://www.dreyfus.com )
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Dreyfus Premier Third Century Fund (DRTHX): Managed by BNY Mellon Asset Management, this fund focuses on capital growth primarily, with income as a secondary attribute. This fund is screened for several corporate social responsibility factors, including environmental standards in the protection of natural resources, opportunities for equal employment, occupational health and safety standards, and quality of product for the consumer.
The Flex Funds (http://www.flexfunds.com)
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Socially Responsible Utilities Fund (FLRUX) and the Utilities Growth Fund (FPBAX): Focused on SRI in the utilities industries, these funds negative screen utility companies that utilize nuclear reactors. In terms of positive screening, they favor utility companies that operate in states that have reduced regulations which would inhibit growth.
Gabelli SRI Fund (http://www.gabelli.com)
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The Gabelli SRI mutual fund utilizes both negative and positive screens in their holding selection process. The fund does not invest in the top 50 weapons / defense contractors, or in companies that achieve greater than 5% of its revenues from gaming, alcohol, tobacco, defense / weapons production, and abortifacients. They also utilize an environment screen against companies that pollute, while employing positive screens to find companies that have a strong environmental history.
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Gabelli SRI Fund Inc AAA (SRIGX)
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Gabelli SRI Fund Inc A (SRIAX)
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Gabelli SRI Fund Inc C (SRICX)
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Gabrelli SRI Fund Inc I (SRIDX)
Green Century Funds (http://www.greencentury.com)
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Focused on environmentally friendly investments, these green mutual funds screen for companies that have positive environmental track records and those who are committed to “solving environmental problems.” Their green investing strategy employs negative screens against companies with poor track records in environmental sustainability.
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Green Century Balanced Fund (GCBLX)
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Green Century Equity Fund (GCEQX)
Integrity Mutual Funds (http://www.integrityfunds.com)
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Integrity Growth and Income Fund (IGIAX): This SRI mutual fund employs both negative and positive screens to select their holdings. They avoid companies that engage in activities that put human lives at moral and physical risk, do not practice fair employment policies, practice animal cruelty, environmentally unsustainable, and have self-interested management teams.
Green Century Funds (http://www.greencentury.com)
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Focused on environmentally friendly investments, these green mutual funds screen for companies that have positive environmental track records and those who are committed to “solving environmental problems.” Their green investing strategy employs negative screens against companies with poor track records in environmental sustainability.
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Green Century Balanced Fund (GCBLX)
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Green Century Equity Fund (GCEQX)
Integrity Mutual Funds (http://www.integrityfunds.com)
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Integrity Growth and Income Fund (IGIAX): This SRI mutual fund employs both negative and positive screens to select their holdings. They avoid companies that engage in activities that put human lives at moral and physical risk, do not practice fair employment policies, practice animal cruelty, environmentally unsustainable, and have self-interested management teams.
Legg Mason (http://www.leggmason.com)
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The SRI mutual fund employs screens to invest in companies that have strong community and social relations, especially in regards to its products and corporate social responsibility. It also employs limited negative screens against tobacco and military / weapons industries, but allows non-nuclear and non-WMD investment.
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Legg Mason Prt Social Awareness Fund A (SSIAX)
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Legg Mason Prt Social Awareness Fund B (SESIX)
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Legg Mason Prt Social Awareness Fund C (SESLX)
MMA Praxis (http://www.mmapraxis.com)
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Enacting rigorous positive screening methodologies, MMA Praxis SRI mutual funds seek holdings that uphold six core values: community investment, fair employment practices, environmental sustainability, human rights protection, positive labor relations, and quality products and consumer relations. Subsequently, they also employ several negative screens which prohibit investment, including tobacco, alcohol, gambling, abortion-related, and military industries.
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Core Stock (MMPGX)
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Growth Index (MGNDX)
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Intermediate Income (MMPIX)
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International (MMPNX)
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Small Cap (MMSCX)
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Value Index (MVIAX)
Neuberger Berman (http://nb.com)
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Neuberger Berman Socially Responsive (NBSRX): Outperforming the S&P 500 in the last five years, these SRI investment returns were achieved through negative, positive, and best in class screening. They positive screen for companies with positive environmental, community, and human relations, while negative screening for alcohol, tobacco, gambling, weapons, or nuclear power. However, their best in class screening allows them to invest in certain energy and materials companies.
New Alternatives (http://www.newalternativesfund.com)
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New Alternatives Fund (NALFX): This green mutual fund, founded in 1982, has a specific interest in alternative energy and environmental concerns. Some of the green investing holdings include: wind, geothermal, and solar energy; fuel cells, clean water, natural foods, biofuels, conservation, and pollution control. The green mutual fund negatively screens for weapons, nuclear power, and animal testing.
Parnassus (http://www.parnassus.com)
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Utilizing the KLD Research and Analytics screens, Parnassus offers seven SRI mutual funds. They positive screen for work environments, environmental sustainability policies, community involvement, and corporate social responsibility. The SRI mutual funds have negative screens against tobacco, alcohol, gambling, nuclear power, and weapons industries.
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California Tax-Free (PRCLX)
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Equity Income (PRBLX)
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Fixed Income (PRFIX)
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Fund (PARNX)
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Mid-Cap Fund (PARMX)
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Small-Cap Fund (PARSX)
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Workplace Fund (PARWX)
Pax World (http://www.paxworld.com)
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Founded in 1971, Pax World offers four SRI mutual funds that utilize sustainable investing strategies, specifically ESG positive screening for companies that have sustainable business policies and models based upon environmental, corporate social responsibility, and governance factors.
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Balanced Fund (PAXWX)
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Growth (PXWGX)
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High Yield (PAXHX)
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Value Fund (PAXVX)
Portfolio 21 (http://www.Portfolio21.com)
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Portfolio 21 (PORTX): This green mutual fund focuses its sustainable investing on companies that create ecologically positive products, harnessing the power of renewable energy and effective production strategies. The positive screens in this SRI mutual fund seek out the sustainability and ecological impact the company's products, investments, services, and leadership.
Sierra Club (http://www.sierraclubfunds.com)
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Focused on environmental sustainability, the Sierra Club green mutual funds are positively screened through 20 social and environmental guidelines, based upon the Sierra Club's core values. There is a large emphasis on social responsibility, sustainability, and environmental impact.
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Sierra Club Balanced (SCSLX)
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Sierra Club Stock (SCFSX)
TIAA-CREF Social Choice (http://www.tiaa-cref.org)
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TIAA-CREF Social Choice (TCSCX): This SRI mutual fund employs social screens for environmental, corporate social responsibility, and governance factors – while simultaneously mimicking the diversification of its benchmark, the Russell 3000. The SRI mutual fund also screens against alcohol, tobacco, and gambling.
Walden Social Fund (http://www.waldenassetmgmt.com)
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Employing negative, positive, and best of industry screens, Walden SRI mutual funds focus on socially responsible stocks that address environmental, employment, human rights, corporate social responsibility, community, and client relations.
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Balanced Fund (WSBFX)
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Equity (WSEFX)
Winslow Green Growth Fund (http://www.winslowgreen.com)
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Winslow Green Growth (WGGFX): Focused on green investing, this SRI mutual fund positive screens for environmental sustainability and practices, along with corporate social responsibility policies, human rights, labor relations, diversity, and availability of equal opportunity.
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