Divesting from war

Fund	NIS*	One-year return (percent)	Five-year return (percent)	Phone number	Military screen
Standard and Poor's 500 composite	NA	-24.77	-3.77	NA	NA
Aquinas Fixed Income	3	9.53	5.99	1-800-423-6369	Supports Catholic values; excludes "weapons of mass destruction"
Aquinas Growth	3	-24.57	-3.11	"      "      "	"      "      "
Aquinas Small Cap	3	-31.94	-8.34	"      "      "	"      "      "
Aquinas Value	3	-26.34	-7.68	"      "      "	"      "      "
Ariel Appreciation	3	-23.25	3.94	1-800-292-7435	Avoids nuclear power and handgun makers
Ariel Fund	3	-16.76	4.56	"      "      "	"      "      "
Calvert Capital Accumulation A	4	-27.87	-4.42	1-800-368-2748	Avoids companies that derive more than 10 percent of revenue from weapons and companies that make up the top 85 percent of the market for the Department of Defense
Calvert Large Cap Growth	4	-16.35	NA	"      "      "	"      "      "
Calvert New Vision Small Cap A	3	-31.6	-2.39	"      "      "	"      "      "
Calvert Social Balanced A	5	-12.44	-1.82	"      "      "	"      "      "
Calvert Social Bond A	5	7.89	6.38	"      "      "	"      "      "
Calvert Social Enhanced Equity A	5	-20.75	NA	"      "      "	"      "      "
Calvert Social Equity A	5	-20.01	2.27	"      "      "	"      "      "
Calvert Social Index	5	-25.4	NA	"      "      "	"      "      "
Calvert World Values International Equity A	4	-20.99	-8.22	"      "      "	"      "      "
Citizens Core Growth A	5	-26.8	-6.13	1-800-223-7010	Excludes companies that manufacture any nuclear, chemical, biological, or conventional weapons or weapons-specific components; does not exclude nonweapons Department of Defense contracts
Citizens Emerging Growth A	5	-33	-1.5	"      "      "	"      "      "
Citizens Global Equity A	5	-2.32	-3.19	"      "      "	"      "      "
Citizens Income	4	7.79	4.14	"      "      "	"      "      "
Citizens Small Cap Core Growth	5	-28.31	NA	"      "      "	"      "      "
Citizens Value	5	-37.34	-3.29	"      "      "	"      "      "
Delaware Social Awareness	2	-25.36	-7.21	1-800-523-4640	"Won't knowlingly invest" in companies that manufacture or contract for military weapons; has no policy on other Department of Defense contracts
Domini Social Bond	5	9.11	NA	1-800-762-6814	Excludes companies that derive more than 2 percent of revenue from manufacture of military weapons
Domini Social Equity A	5	-23.49	-4.12	"      "      "	"      "      "
Dreyfus Premier Third Century A	4	-29.6	NA	1-800-645-6561	Has no specific military screen
Enterprise Socially Responsive	5	-23.34	NA	1-800-432-4320	Avoids "companies that derive more than 2 percent of their revenue from ... weapons or weapons systems"
Flex-funds Total Return Utilities A	4	-33.4	-4.59	1-888-282-8845	A utility fund; avoids nuclear power
Green Century Balanced	5	-32.56	-3.77	1-800-934-7336	Uses environmental screen; seeks out strong environmental companies; is "very unlikely to have companies in explicit weapons work"
Green Century Equity	4	-23.95	-4.64	"      "      "	Avoids companies with more than 2 percent of revenue derived from weapons manufacturing
MMA Praxis Core Stock	5	-23.28	-5.47	1-800-977-2947	Avoids companies that contribute even tangentially to the military or militarism
MMA Praxis Intermediate Income	5	10.71	5.47	"      "      "	"      "      "
MMA Praxis International	5	-28.94	-8.84	"      "      "	"      "      "
Neuberger Berman Socially Responsive	4	-14.04	-1.67	1-800-877-9700	"Does not invest in nuclear power or weapons companies"
New Alternatives	4	-34.19	-4.97	1-800-423-8383	Places special emphasis on renewable energy, natural foods, and environment; avoids offensive weapons and nuclear power
Parnassus: California Tax-Exempt	4	7.83	5.08	1-800-999-3505	Screens out the top 100 military contractors but not necessarily subcontractors
Parnassus Equity Income	5	-6.35	7.99	"      "      "	"      "      "
Parnassus Fixed-Income	5	14.36	6.22	"      "      "	"      "      "
Parnassus Fund	5	-26.77	1.97	"      "      "	"      "      "
Pax World Balanced	4	-10.51	3.26	1-800-767-1729	Has "zero-tolerance" for weapons manufacturers and avoids companies with more than 5 percent of revenue derived from nonweapons contracts with the Department of Defense
Pax World Growth	4	-18.84	-7.03	"      "      "	"      "      "
Pax World High Yield Bond	4	1.92	NA	"      "      "	"      "      "
Portfolio 21	5	-24.2	NA	"      "      "	Excludes companies with "significant business activities in ... weapons" or nonweapons military contracts
Security Social Awareness A	3	-22.77	-4.83	1-800-888-2461	"Does not invest in companies that significantly engage in the manufacture of weapons"
Vanguard Calvert Social Index	4	-25.4	NA	1-800-871-3879	See Calvert (above)
Walden Social Balanced	5	-9	NA	1-800-282-8782	Excludes top 30 military contractors and companies with more than 5 percent of revenue derived from nonweapons contracts with the Department of Defense
Walden Social Equity	4	-19.34	NA	"      "      "	"      "      "
Winslow Green Growth	2	-31.33	3.89	1-888-314-9049	Managers "may exclude companies in industries that are traditionally considered environmentally irresponsible, such as defense and nuclear industries"
Women's Equity	4	-20.75	-0.31	1-888-552-9363	Excludes top 30 military contractors and companies with more than 5 percent of revenue derived from nonweapons contracts with the Department of Defense
This chart shows how the major socially responsible investment funds deal with investments in military industry. There is a wide range of choices, from pragmatic to purist. * THE NIS SOCIAL RATING WAS DEVELOPED BY NATURAL INVESTMENT SERVICES. IT IS BASED ON THE NUMBER AND QUALITY OF SOCIAL SCREENS APPLIED, WHETHER COMPANIES ENGAGE IN SHAREHOLDER ADVOCACY, AND HOW MUCH THEY INVEST IN NEEDY COMMUNITIES. FINANCIAL PERFORMANCE IS NOT A PART OF THIS RATING. USED WITH PERMISSION. SOURCES: GREENMONEY JOURNAL, SOCIAL INVESTMENT FORUM, INDIVIDUAL MUTUAL FUNDS.