New Alternatives Fund
The first environmental mutual fund – we began operations
in September 1982.
The first mutual fund with a significant concentration in
The “greenest” fund in the United States - The
Economist (London, 11/11/1989).
We seek to be affirmatively socially responsible. We select companies
that produce something that benefits our environment, such as
clean air and water
Our environmentally-oriented investments are positive forms of
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.
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.
Statement of Additional Information (SAI)
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
For more information on our screens, see Investment