Page 20 RAIN Summer 1986 Socially Responsible Funds: Financial Information * Minimum Date Ave. Annual Total Annual Sales Total Investment Started Total Return+ Return-12mo. Fee Assets througfl 6/86 Mutual Funds: Calvert Social $1,000 1982 14.9% 32.9% 4.5% 52.4 mil Investment Fund (3 yrs.) Dreyfus Third $2,500 1972 17.8% 18.4% 0% 176 mil. Century Fund (IRA-750) . (lOyrs.) New $2,650 1982 16% 35.4% 6% 1 mil. Alternatives (No IRA) (3.25yrs.) Parnassus $5,000 •1985 NIA 29.0% 3% 1.9 mil. Fund (IRA-2000) Pax World. $250 1970 14.2% 25.2% 0% 40mil. Fund (1 Oyrs.) Pioneer II $50 1969 24% 26..5% 8.5% 2.8 bil. (IRA-250~ (lOyrs) Lipper General Equity Fund Average (Lipper' 32.0% Analytical Services) Money Market Funds: Current Yield Calvert Social $1,000 1982 Investment Fund Working Assets $1,000 1983 Money Fund South Shore $2,500 1982 Bank Donoghue's Money Fund Average (Donoghue's Money Fund Report) *This information has been obtained from sources we believe reliable, but cannot be guaranteed. In addition to the' above information, an investor should examine a fund's social screen (see social screens below for a summary) and a fund prospectus. investment comniunity. This is done when a company is financially sound and also has a good record in these five qualitative "renaissance" factors: 1) the quality of products and services;· 2) market orientati9n, staying close to the consumer; 3) sensitivity to the community where it operates; 4) treatment of its employees; and 5) ability to innovate and respond well to change. Investment o.bjective: long-term growth: Pax World Fund, 224 State Street, Portsmouth, NH 03801; 603/431-8022 Started by ·two United Methodist Church ministers and a Quaker during the Vietnam War, the fund invests in companies that are not engaged in manufacturing defense or weaponsrelated products, or in liquor, tobacco, or gambling industries. Seeks out companies with fair employment and pollution control policies. Excludes companies operating in South Africa with the exception of those providing food and medicines. Investment objective: income and, secondarily, growth. Pioneer Group, 60 State Street, Boston, MA ,02109; 800/ 225-6292 ' A family of funds that started in 1928, now includes three stock. funds and one bond fund. In the 1960s it initiated an 6.0 7.1% 0% ' 55.4 mil. 5.8 7.0% 0% 86 mil. 6.17% 7.26% 0% 13 mil. 6.15% 7.1% +Ave. Annual Total R~tum---Calculated for the number of years in . existence up to a maximum of ten years as of Dec. 31, 1985. Assumes reinvestment of income dividends and capital gains distributions. unwritten policy not to invest in alcohol, tobacco, or gambling, and more recently South Africian companies. Investment objective: growth and income. South Shore Bank, 71st & Jeffery Streets, Chicago, IL 60649; 312/288-1000 South Shore Bank has a Development Deposits program that seeks deposits from all over the country to support its innovative lending program (see "Socially Responsive · Banking"). Accounts 'available include savings, checking, money markets, and certificates of deposits at competitive rates. Every depositor is insured up to $100,000 by FDIC. Working Assets Money Fund, 230 California Street, San Francisco, CA 94111; 800/223-7010 The fund seeks investments that create jobs and develop the American economy, such as housing and small business, promote the advancement women and minorities, and bargain fairly with employees. It avoids firms that pollute the environ-. ment, manufacture weapons as a principle, business activity, generate electricity from nuclear power, or have a substantial presence in a foreign nation controlled by a repressive regime such as South Africa.
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