Profits With A Purpose

Socially responsible investment funds give investors revenues with a clean conscience

by 4% to 5%, which he considers a major mistake. In his paper, Geczy argues that by putting 44% of your money into AHA Diversified Equity I Fund (AHDEX), 31% into Domini Social Equity Fund (DSEFX), 19% into Citizens Core Growth Standard Fund (WAIDX), 3% into Columbia Young Investor A Fund (LYIAX), and 3% into Thrivent Large Cap Stock A Fund (AALGX), you can reasonably mimic the Vanguard Total Stock Market Index Fund (a non-SRI fund), with virtually the same returns. This strategy shows that for true believers, SRI funds can be victorious and virtuous.

Socially responsible investment funds

Fund Name Ticker Return* 3-Year Ann. Total Return* 5-Year Ann.Total Return* Initial Investment Toll-Free Number Expense Ratio
Winslow Green Growth WGGFX Small Growth 38.56 26.72 9.47 888-314-9049 5000
Calvert Large Cap Growth A CLGAX Large Growth 13.93 15.73 5.53 800-368-2748 2000
Ariel ARGFX Mid-Cap Blend 5.00 15.32 10.93 800-292-7435 1000
Pax World Balanced PAXWX Mod. Allocation 8.29 10.41 4.27 800-767-1729 250
Domini Social Equity DSEFX Large Blend 4.91 8.85 0.86 800-582-6757 2500
Calvert Social Investment Equity A CSIEX Large Growth 5.64 8.27 2.81 800-368-2748 1000
Citizens Core Growth Stndrd WAIDX Large Growth 5.42 7.84 -1.92 800-223-7010 2500
Parnassus PARNX Large Growth 6.45 3.65 -0.82 800-999-3505 2000
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