Citizens Funds' Small Cap Offering Turns In Solid Performance; Benefits from Move to Active Management.Business Editors PORTSMOUTH Portsmouth, city, England Portsmouth, city (1991 pop. 174,218) and district, Hampshire, S England, on Spithead Channel. The district includes Portsea (naval station), Southsea (residential district and resort), and the old town of Portsmouth proper. , N.H.--(BUSINESS WIRE)--Oct. 11, 2001 Citizens Advisers, Inc., investment advisers to Citizens Funds, a leading provider of socially responsible mutual funds, today announced that the Citizens Small Cap Core Growth Fund performed in the top 10% of its category for the three-month period ending on 10/10/01, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Morningstar, an independent provider of investment portfolio information. Also, the fund performed in the top 10% of its category for the month ending 10/10/01. The Citizens Small Cap Core Growth fund invests primarily in smaller cap companies and has the objective of capital appreciation. The fund's active management investment philosophy allows it to invest across a broad range of industries which exhibit strong financials, a high level of corporate responsibility and whose market capitalizations Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. are in the capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. range of the S&P SmallCap 600 Index. Citizens' Director of Research and Portfolio Manager, Jeff Schappe Schap´pe n. 1. A silk yarn or fabric made out of carded spun silk. , believes the change in August 2001 to an active management style has been the main reason for the outperformance. "Because this universe tends to be more volatile with less liquidity in relation to other asset classes, we believe it is important to be active rather than passive," Mr. Schappe said. "Our unique investment management approach at Citizens Funds should benefit us as we separate the winners from the losers in the small-cap Small-cap A stock with a small capitalization, meaning a total equity value of less than $500 million. small-cap 1. Of or relating to the common stock of a relatively small firm having little equity and few shares of common stock universe." About Citizens Funds Founded in 1982, Citizens Funds was one of the first providers of socially responsible funds available to investors, and now offers a diverse family of no-load funds A type of Mutual Fund that does not impose extra charges for administrative and selling expenses incurred in offering its shares for sale to the public. . With a core focus on strong, long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. growth, Citizens' mission is to help investors participate in the growth and capital appreciation potential of companies whose corporate behavior is an asset to performance. Citizens' unique investment management approach revolves around its proprietary Fundamental Social Research(SM) -- a 360-degree research approach that takes into account company financials, in combination with all the variables that affect prospects for success and growth over time. The Citizens Small Cap Core Growth Fund is tracked in Morningstar's category of Small Growth funds. The fund's performance was in the top 10% of its category of 343 domestic equity funds for 3 months ending 10/10/01. The fund has not received a star rating as it does not yet have a 3-year history. Inception date of the fund is 12/28/99. Past performance is no guarantee of future results. Morningstar Rating(TM) is for the Standard share class only; other classes may have different performance characteristics. Investments in the Citizens Small Cap Core Growth Fund involve unique risks, as small-and medium-sized Me´di`um-sized` a. 1. Having a medium size; as, a medium-sized man s>. Adj. 1. medium-sized - intermediate in size medium-size, moderate-size, moderate-sized companies may have inexperienced in·ex·pe·ri·ence n. 1. Lack of experience. 2. Lack of the knowledge gained from experience. in management, limited product line, a difficult time obtaining financing or market share, and their shares may be more volatile and not traded as frequently or in as large a volume as larger companies. The S&P SmallCap 600 Index is an unmanaged index of common stock of small-capitalization companies in the U.S. stock market. Direct investment cannot be made in this index. Please visit http://www.citizensfunds.com or call (800) 223-7010 for a prospectus that contains complete details of fees and expenses and should be read carefully before investing. Although Citizens Funds are no-load, certain fees and expenses do apply to a continued investment in the funds and are described in the prospectus. Distributed by Citizens Securities, Inc., Portsmouth, NH 03801. Distributed by eReleases - http://www.ereleases.com |
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