Citizens Funds Expands Product Line With Small Cap Value Fund; Offers One of the Few Small Cap Value Options in the Socially Responsible Investment Arena.Business Editors PORTSMOUTH, N.H.--(BUSINESS WIRE)--April 1, 2004 Citizens Funds, one of the nation's oldest and largest socially responsible mutual fund families, today announced the launch of the Citizens Small Cap Value Fund. The fund is managed by Daniel Lew, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. . "Over the long term, small cap value has been one of the strongest performing market segments. However, in the socially responsible world, investors have very few choices," commented Dan Lew. "We believe Citizens Small Cap Value Fund represents an attractive opportunity for investors, because small cap value is both a proven performer and a good diversifier." Using Citizens' proprietary process, the fund seeks to invest primarily in stocks of established, well-managed companies under $2 billion in market capitalization 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. that are underfollowed or have suffered a temporary setback. The value orientation Noun 1. value orientation - the principles of right and wrong that are accepted by an individual or a social group; "the Puritan ethic"; "a person with old-fashioned values" ethic, moral principle, value-system seeks to lessen the downside risk Downside Risk An estimation of a security's potential to suffer a decline in price if the market conditions turn bad. Notes: You can think of this as an estimate of the amount that you could lose on a stock or other investment. of the small-cap market. Investing in small-cap stocks involves unique risks, as small- and medium-sized companies may have inexperienced 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. Also, the prices of value stocks Value stocks Stocks with low price/book ratios or price/earnings ratios. Historically, value stocks have enjoyed higher average returns than growth stocks (stocks with high price/book or P/E ratios) in a variety of countries. can still decline or remain flat if certain conditions or investor perceptions do not change as expected, or if the company proves not to be undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. . Citizens Advisers, the adviser to Citizens Funds, launched its small cap value separate account strategy last fall, and also manages a large cap value product -- the Citizens Value Fund. The addition of Citizens Small Cap Value Fund brings the number of Citizens' fund offerings to 11, one of the broadest selections of responsibly managed funds. About Citizens Funds As a leader in socially responsible investing Socially responsible investing describes an investment strategy which combines the intentions to maximize both financial return and social good. In general, socially responsible investors favor corporate practices which are environmentally responsible, support workplace diversity, , Citizens' mission is to generate superior returns by investing in companies that are fundamentally strong and socially responsible. Citizens serves the needs of individual and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. with a wide array of investment options, including domestic and international equity, fixed-income and money market products. Please call 800.223.7010 for a prospectus that contains complete details of investment objectives, risks, charges and expenses. Be sure to read the prospectus and consider these factors carefully before investing. Distributed by Citizens Securities, Inc., Portsmouth, NH 03801. |
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