Citizens Trust socially responsible Emerging Growth Fund is No. 1 overall performing mutual fund.PORTSMOUTH, N.H.--(BUSINESS WIRE)--Aug. 14, 1996--Citizens Trust today announced that its Emerging Growth Portfolio was the No. 1 performing mid-cap mutual fund for the 12 months ending Aug. 1, 1996 out of 132 funds analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. by Lipper Analytical Services Inc. The total one-year return for the Emerging Growth Portfolio was 32.07(a) percent for the period ending Aug. 1, 1996. Since inception in February 1994, the fund has delivered a 26.19(a) percent average annual return as of June 30, 1996. The fund's total return for the period ending June 30, 1996 was 42.53 percent (a). Citizens Trust's Emerging Growth Portfolio, with over $40 million in assets as of Aug. 7, 1996, invests in promising small- and medium-sized domestic companies in pursuit of aggressive growth objectives. Its top holdings include: Watson Pharmaceuticals Watson Pharmaceuticals, Incorporated (NYSE: WPI) is the 5th largest pharmaceutical company in the United States based on number of prescriptions dispensed. Based in Corona, California, Watson's Generics division markets over 150 pharmaceutical product families, including one of the (4.2 percent), HFS (Hierarchical File System) The file system used in the Macintosh. The first version, known as "Mac OS Standard," was introduced in 1985. HFS+, an enhanced version, came out in 1998 in preparation for the upcoming Mac OS X operating system. Inc. (4.2 percent), Corporate Express Inc. (2.8 percent), Orchard orchard, generally an area on which fruit or nut trees are planted and cultivated. The words grove and plantation are often used when the fruits are tropical, e.g., a "citrus grove" or a "banana plantation. Supply Hardware (2.8 percent), Corestaff Inc. (2.7 percent) as of July 31, 1996. "This portfolio is very actively managed," 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. , president of Citizens Trust. "We set price targets for all of our portfolio holdings and sell when they are achieved or if a company turns in disappointing earnings. It's a very disciplined process. We believe that this strategy provides active downside protection Downside Protection Generally used in connection with covered call writing, this is the cushion against loss, in case of a price decline by the underlying security, that is afforded by the written call option. . In the recent market down draft, the average mid-cap mutual fund declined by 6.27 percent. Our Emerging Growth fund was only down 1.8 percent." Though its primary focus is financial performance, Citizens Trust also screens its portfolios for social responsibility, looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. positive corporate conduct in such areas as environmental protection, anti-discrimination policies, equal opportunity, charitable giving and labor relations. It avoids companies that derive significant revenue from nuclear power, tobacco and alcohol products, firearms This is an extensive list of small arms — pistol, machine gun, grenade launcher, anti-tank rifle — that includes variants. : Top - 0–9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A
"We strive to not only make money for our investors, but to do so in a way that is responsible, with companies who contribute to a better, safer world and create value for their customers, shareholders and the community," added Collier. Citizens Trust includes seven socially responsible mutual funds. In addition to the Citizens Emerging Growth Portfolio, Citizens Trust's other mutual funds include the Citizens Income Portfolio, Citizens Index Portfolio, Citizens Global Equity Portfolio and Muir California Tax-Free Portfolio. Citizens Trust offers a money market fund called Working Asset Money Market Portfolio as well as the E-fund, an innovative product that combines the return of a money market fund with the convenience of a single card ATM/MasterCard debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. , checking privileges and electronic payments. Institutional shares are available for the Citizens Index Portfolio and the Working Asset Money Market Portfolio. Citizens Trust, based in Portsmouth, NH, is an innovative mutual fund company with more than $350 million in total assets (as of Aug. 7, 1996). -0- (a) Reflects a fee waiver The voluntary surrender of a known right; conduct supporting an inference that a particular right has been relinquished. The term waiver is used in many legal contexts. of .24 percent. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than the original cost. Please call us for a fund prospectus which contains complete details of fees and expenses which should be read carefully before investing. Distributed by Citizens Securities, Portsmouth, NH 03801. CONTACT: Citizens Trust Jeff Reusse, 603/436-5152 |
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