Citizens Launches New Index Fund; Citizens 300 Fund to Track the Socially Responsible Citizens Index.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)--Sept. 9, 2003 Citizens Funds, one of the nation's oldest and largest families of socially responsible mutual funds, today announced the launch of a new index fund - the Citizens 300 Fund. The fund will invest to the Citizens Index, a recognized 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, benchmark established in 1994. The Citizens Index was created by Citizens president, 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. , who will also manage the 300 Fund. "Launching the Citizens 300 Fund complements our impressive investment product line-up line-up Noun 1. people or things assembled for a particular purpose: Christmas TV line-up 2. , and provides a more conservative growth option for equity investors. It also provides a stable foundation to support our shareholder advocacy initiatives - the buy and hold strategy of index investing lends itself nicely to corporate activism because it allows us to actively participate in the shareholder resolution and proxy voting Proxy voting is the delegation to another member of a voting body of that member's power to vote in his absence. It is essentially synonymous to delegated voting. Proxy voting is commonly used in corporations for voting by members or shareholders, because it allows members process." The Citizens Index is an equity index comprised of approximately 300 stocks of large and mid-size companies chosen for industry representation, financial soundness, and corporate responsibility. It was designed as a benchmark for diversified diversified (di·verˑ·s , broad-market exposure to stocks of socially responsible growth companies. Collectively, the holdings in the index span a range of industries, with sales upwards of $2,800 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. and earnings upwards of $2 trillion for the last 12 months. "It's been gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to track the performance of the companies in the Citizens Index over the past 9 years - especially those that grew to be industry leaders. Done right, I think index investing can be a good way to own tomorrow's leaders. I'm seeking to harvest the forward themes of the 21st century through the Citizens Index and the Citizens 300 Fund," concluded Ms. Collier. About Citizens Funds Citizens Funds has been a leader in socially responsible investing since its founding in 1982. 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. performance, Citizens' mission is to generate superior returns for shareholders by investing in companies that are fundamentally strong and socially responsible. Citizens' unique investment management approach revolves around its proprietary integrated research that takes into account company financials, in combination with all the variables that affect prospects for success and growth over time. Representing one of the largest families of socially responsible investments, the Citizens line-up includes equity (domestic and international), fixed income and money market funds. The Citizens Index is a proprietary equity index that is maintained by Citizens Advisers, Inc., the adviser to Citizens Funds. The index is unmanaged and you cannot invest directly in it. Investing in the Citizens 300 Fund involves fees and expenses. 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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