Citizens Funds Launches New Value Fund; Continues Broadening Portfolio to Meet Institutional and Retail Investment Needs.Business Editors PORTSMOUTH, N.H.--(BUSINESS WIRE)--Sept. 25, 2001 Citizens Advisers, Inc., investment advisers to Citizens Funds, a leading provider of socially and environmentally responsible mutual funds, today announced the launch of the Citizens Value Fund(SM) (formerly Meyers Pride Value Fund), a large-cap Large-cap A stock with a high level of capitalization, usually at least $5 billion market value. large-cap 1. Of or relating to the common stock of a big corporation that has considerable retained earnings and a large amount of value strategy designed to provide 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. capital appreciation. "Pure value-oriented funds are relatively rare in the socially responsible investment field," said John Shields
Private John Shields (1769–1809), born in Harrisonburg, Virginia was at 34, the second oldest member of the Lewis and Clark Expedition. , President of Citizens Funds. "From an investment management standpoint The Standpoint is a newspaper published in the British Virgin Islands. It was originally published under the name Pennysaver, largely as a shopping-coupon promotional newspaper, but since emerged as one of the most influential sources of journalism in the , we're adding an established, steady-performing value fund to build out a diverse portfolio of funds in response to investor needs." As with all Citizens' investment portfolios, the fund will employ the firm's comprehensive financial, social and environmental screening methodology. The Citizens Value Fund will be managed by Shelly J. Meyers. Ms. Meyers, who has managed the Meyers Pride Value Fund since its 1996 inception, adheres to a specific investment discipline involving three main factors: value, indicators that a company's stock price is 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. relative to its intrinsic intrinsic /in·trin·sic/ (in-trin´sik) situated entirely within or pertaining exclusively to a part. in·trin·sic adj. 1. Of or relating to the essential nature of a thing. 2. worth; fundamentals, a company's basic components such as the strength of its balance sheet and free cash flow; and positive momentum catalyst, something that will trigger and/or maintain a positive movement in the stock price. Her approach to 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, is consistent with Citizens' philosophy. Ms. Meyers stated, "I think the strongest players in the long-term performance arena are companies that value and respect their employees, their environment, and their communities." Citizens Funds portfolio now includes six equity funds, an intermediate-term Intermediate-term Typically one-ten years. intermediate-term Of or relating to an investment with an expected holding period somewhere between short-term and long-term. bond fund and a money market fund. In addition to Citizens Value Fund(SM), the fund family's equity offerings include: Citizens Core Growth Fund(SM), a large-cap growth fund; Citizens Emerging Growth Fund(R), an actively managed aggressive growth mid-cap fund; Citizens Small Cap Core Growth Fund(SM); Citizens Global Equity Fund(R), a global growth fund; and Citizens International Growth Fund(SM). 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 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. 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. |
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