This fund takes a nuanced approach to socially responsible investing. All told, it evaluates companies’ corporate governance, environmental impacts, community relations, and workplace conditions, among other factors. It screens out businesses in the tobacco, alcohol, and gambling industries, as well as major military contractors. Meanwhile, the fund’s environmental screens are rather subjective, and companies are generally evaluated on a case-by-case basis. The fund has certainly had some off years, but its long-term performance is hard to argue with: Its trailing 10-year returns put it in the top 5 percent of Morningstar’s large-growth category.
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