Citizens Funds Marks Twenty Years in Socially Responsible Investing: Launches Two New SRI Funds.Business Editors PORTSMOUTH, N.H.--(BUSINESS WIRE)--Dec. 4, 2002 Citizens Funds, one of America's largest families of socially responsible mutual funds, is celebrating its twentieth anniversary by launching two new funds: the Citizens Ultra Short Bond Fund and Citizens Balanced Fund Balanced Fund A mutual fund that invests its assets into the money market, bonds, preferred stock, and common stock with the intention to provide both growth and income. Also known as an asset allocation fund. . "Citizens has a long-standing tradition of offering socially responsible investment products that have a broad base appeal across the institutional and retail shareholder markets we serve," said Sophia Collier Sophia Collier is the founder and chair of the Board of Directors of Citizens Advisers, Inc. and is the creator of the Citizens IndexSM, an index of socially responsible large-capitalization companies. , Citizens Funds President. "These new products are particularly appealing in this volatile market environment, and their launch is a fitting way to commemorate com·mem·o·rate tr.v. com·mem·o·rat·ed, com·mem·o·rat·ing, com·mem·o·rates 1. To honor the memory of with a ceremony. See Synonyms at observe. 2. To serve as a memorial to. our twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. 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, ." The Citizens Ultra Short Bond Fund seeks a high level of current income and invests mainly in short duration investment-grade securities. The fund offers a higher yield and return potential than a money market fund with limited risk. This actively managed portfolio provides daily liquidity and added diversification across both fixed income and money market securities. The fund is managed by Susan Kelly Susan Kelly (born 15 February 1938 in Oklahoma) is an American model and actress. She is best known for being Playboy magazine's Playmate of the Month for its May 1961 issue. Her centerfold was photographed by Frank Bez. . The Citizens Balanced Fund, which will be available later this month, seeks current income and capital preservation. It is a diversified portfolio that provides exposure to equity and fixed-income investments, and offers an avenue to decrease principal volatility in uncertain times, while pursuing long-term growth of capital. The fund will be co-managed by Robert Barringer, 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. , and Susan Kelly. Said Ms. Collier, "There has never been a more appropriate time for socially responsible investing, and I am sure we will have a lot of interest in these two new offerings. Our newly expanded fund family represents a broad range of choices for investors." About Citizens Funds: For two decades, Citizens Funds has been a leader in socially responsible investing (SRI). Citizens' mission is to generate superior returns by investing in companies that are fundamentally strong and socially responsible. As one of the largest SRI families in the world, Citizens offers 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. a wide array of investment options, including domestic and international equity, fixed-income and money market funds. Unlike money market funds, the net asset value of the Citizens Ultra Short Bond Fund will fluctuate. Please call (800) 223-7010 for a prospectus that contains complete details of fees and expenses and should be read carefully before investing. Distributed by Citizens Securities, Inc., Portsmouth, NH 03801 |
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