Socially Responsible Investment Funds Guide This brief guide includes a chart of financial information and a description of investment guidelines for funds that screen their investments based on social as well as financial criteria. Note that the term "socially responsible" is relative. Each fund applies a very different set of criteria. The New Alternatives Fund, South Shore Bank, and the Parnassus Fund seek out a particular type of positive investment (such as solar energy), which tends to exclude negative investments (such as weapons or nuclear power production, operations in South Africa). Other funds also seek positive investments, but are more specific on what they exclude. An example of how different these funds can be is that Minimum Investment Date Started Ave. Annual Total Return 1983-86* 12 Month Total Annual Return** Sales Fee Total Assets (millions) Mutual Funds: Calvert Social Investment Fund $1,000 1982 15.8% 21.16% 45% 104.3 Dreyfus Third Century Fund $2,500 (IRA-750) 1972 14.0% 12.61% 0.0% 152.7 New Alternatives $2,650 (No IRA) 1982 149% 30.26% 6.0% 2.0 Parnassus Fund $5,000 (IRA-2000) 1985 10.6% 23.82% 3.0% 3.3 Pax World Fund $250 1970 16.5% 15.14% 0.0% 53.8 Lipper General Equity Fund Average (Lipper Analytical Services) — — — 22.22% — — Money Market Funds: Current Yield Calvert Social Investment Fund $1,000 1982 5.24% 6.16% 0.0% 61.1 Working Assets Money Fimd $1,000 1983 5.14% 6.06% 0.0% 1055 South Shore Bank "Development Deposits" $2,500 1973 5.40% 6.34% 0.0% 48.0*** Donoghue's Money Fund Average {Donoghue's Money Fund Report) — — 5.30% 6.19% — — 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 and a fund prospectus. *Ave. Annual Total Return: calculated for four years (two for Parnassus Fund) ending 12-31.86. **Mutual fund 12 month total returns, through 2-26-87, from Lipper Analytical Services. Money market 12 month yield and current 30 day (except South Shore Bank) yield from Donoghue’s Money Fund Report. •**Development Deposits program includes $14 million in money market and $34 million in certificates of deposit. Page 8
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