SRI Mutual Funds
Here are listed mutual funds that have ethical criteria for their investments.
Table of Contents of this page
Fund list grouping
The funds are grouped by which combination of broad criteria is used to screen their investments.
First, the funds are seperated into those that consider any form of animal welfare,
such as product testing using animals, and those that don't.
The ones that do consider animal welfare are sepreated by which of the following issues are considered:
- Animal experimentation - Using animals to test personal-care products
- Animal welfare - Using animals other than for pets
- Environment - Hurting the environment
- Labor/employment - Human-rights violations and hiring discrimination
- Products/services - Harmful to people
Funds screen for animal welfare and environment issues only
Funds screen for all issues except animal welfare
- Calvert Group Ltd,
Calvert Social Investment Funds (CSIF)
- Balanced [CSLBX]
- Bond [CSIBX]
- Equity [CSIEX, CSEBX, CSECX] (large cap)
- Enhanced Equity [CMIFX] (large cap)
- Money Market [CSIXX]
- Technology [CSTIX]
See Calvert's animal welfare page.
There is no screen for animal testing in all six of Calvert's non-CSIF funds, including their
World Values, Capital Accumulation, New Vision, New Africa, Social Index, and Large Cap funds.
- Citizens Securities
- Citizens Income Fund [WAIMX] (fixed income)
- Citizens Core Growth Fund [WAIDX, WINIX] (large cap equity)
- Citizens Emerging Growth Fund [CEGIX, WAEGX] (mid/small cap equity)
- Citizens Small Cap Core Growth Fund [CSCSX]
- Citizens Global Equity Fund [CGEIX, WAGEX]
- Citizens Money Market Fund [WAIXX, WKAXX]
- Citizens International Growth Fund []
- Citizens Value Fund, was
Meyers Pride Value Fund [MYPVX]
Citizens funds have some animal-welfare screens.
- Development Capital
- DevCap Shared Return [DESRX] (large cap equity)
- Friends Ivory Funds, of Friends Ivory & Sime Inc and SEI Investments Distribution Co (SIDC)
- Friends Ivory Social Awareness Fund [FISWX] (large cap equity)
- Friends Ivory European Social Awareness Fund [FIESX]
- RTE Asset Management
- New Alternatives Fund Inc
- New Alternatives Fund [NALFX] (specialty equity) (environment?)
- Progressive Asset Management Inc/Network,
the SRI division of Financial West Group
Funds screen for environment issues and animal experimentation
Funds don't screen for animal experimentation
- Domini Social Investments:
Social Equity/Bond Fund [DSEFX/DSBFX], Money Market Account
- Aquinas Funds:
Value, Growth, Small-cap, and Fixed-income Funds, managed by Aquinas Investment Advisors,
of The Catholic Foundation
- Pax World Management Corp:
Balanced, Growth, High-yield, and Money-market Funds
- Solomon Smith Barney:
Concert Social Awareness Fund
- Mennonite Mutual Aid (MMA):
Praxis Mutual Funds
- American Trust Allegiance Fund
- Neuberger & Berman: Socially Responsive
Fund
- Noah Investment Group Inc:
Noah Fund
- Security Benefit:
Security Social Awareness Fund
- RISA (Reinvest South Africa) Investment Advisors LLC:
Small Business Fund
- Ariel Mutual Funds:
Ariel, Ariel Appreciation, and Premier Bond Funds
- The Vanguard Group:
Vanguard Calvert Social Index Fund
- Merrill Lynch: Principled Values Portfolio
- The Dreyfus Corporation:
Premier Third Century Fund [DRTHX], Socially Responsible Growth Fund
- Ethical Funds Inc (Canada): 12 funds
- Acuity Funds Ltd (Canada),
Acuity Social Values Mutual Funds: Canadian Equity, Global Equity
- Eclipse Financial Services:
Eclipse Ultra Short Term Income Fund [ECUIX],
managed by New York Life Investment Management LLC
- Azzad Asset Management Inc:
Azzad/Dow Jones Ethical Market Fund
Fund managers that don't sell funds directly
Non-corporate investments returning only interest
Fund types (within parentheses next to fund names)
This is where the fund focuses its investments, which usually consists of
a combination of the investment type (equity or bonds),
industry specialization, and market capitalization, "cap" for short.
A fund may have some unrelated investments also.
Much of this information is from the
Social Investment Forum.
- Balanced: a blend of bonds and stocks
- Bond/Fixed Income: corporate and government bonds
- Equity: company stocks
- Equity Large Cap: stock of companies with market cap over $1 billion
- Equity Mid-Small Cap: stock primarily in these companies:
- Mid Cap: companies with market cap between $250 million and $1 billion
- Small Cap: under $250 million
- Equity Specialty: stock funds focused on an economy sector or business type
- Global equity funds
- International: invest in companies outside US
- Global: invest in companies all over the world, including US
- Foreign: focus on a particular nation or region
Notes
Current information is available on funds at
Stock Master (Red Herring Magazine).
In the future, it might be possible to get stock quotes by clicking on a
fund's [Ticker symbol] in square brackets.
Information about which screens are used by which funds is mostly from the
Social Investment Forum.
These screening details should be clarified and verified more.
It would be nice to have each fund be a link to information about it.
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This page last changed February 27, 2002.