We seek to be affirmatively socially responsible. We select companies that produce something that benefits our environment, such as
alternative energy
recycling
clean air and water
pollution prevention
conservation
Our environmentally-oriented investments are positive forms of social investment.

We use five socially conscious federally insured banks and credit unions for holding cash. For example, the federally insured South Shore Bank, which focuses on building homes for the less affluent. The larger part of the Fund's cash is held in federal T-bills.

We think you should invest with us because you may share our social concerns. Ethical investing has demonstrated that it can earn a profit. No mutual fund can promise a particular result for the future. However, we are optimistic about our chances.

For more information, see our Prospectus, Investment Strategy, List of Investments and Financial Overview.

What Effect Does Social Responsibility Have?

The Fund periodically faces the dilemma of considering investment in a company that produces a promising environmental product, but whose other characteristics are not acceptable to our socially responsible standards. There are various degrees and subjective judgments concerning this theme. We tend towards avoiding companies with negative behavior at the expense of missing out on a promising product.

For more information on our screens, see Investment Exclusions.