Socially Responsible Mutual Funds

• Faith-Based Investors control $110 billion in assets
• $2.2 trillion is invested under socially responsible investing principles
• The 30 or so religion-oriented mutual funds control about $3 Billion
• Research firm Morningstar tracks 86 Socially Responsible Investing Fund

Here are some of those mutual funds and what they do for investors:

Aquinas Funds
Roman Catholic values

Ave Maria Catholic Values
Roman Catholic values

Catholic Equity Funds
Avoids abortion-related services

Cavert Funds
Favor companies paying for contraception
and that support Planned Parenthood

Citizens Core Growth
avoid tobacco and defense stocks

Citizens Funds
Favors same-sex friendly companies

Domini Funds
Favor companies paying for contraception and that support Planned Parenthood

Domini Social 400
Widely followed indexes

Domini Social Equity
Nonreligious fund avoids making money from alcohol, tobacco guns or gambling

New Covenant Funds
Presbyterian-affiliated

Noah Funds
Conservative Christian

Parnassus Fund
avoid tobacco and defense stocks

Patriot Fund
Off-shoot of Timothy Fund

Timothy Plan
Conservative Christian

Source: Smart Money