2016-06-30

Are you looking for a way to merge your faith with your financial decisions? Investment in religion-based and socially conscious mutual funds is on the rise. The following is a list of selected religious and other socially-conscious mutual funds. Check with each fund to determine exact screening policies.



Selected Religious Funds

Catholic

Aquinas Funds

Catholic values mutual funds. Screens out companies that profit from tobacco, weapons, and certain other products and services. Supports the environment, human rights, and employment.

Carlisle Social Investments

Carlisle's funds, the Carlisle Catholic U.S. Market Index and the Catholic Small Cap Index, comply with the Catholic Bishops Investment Guidelines for screening and advocacy.

Catholic Values Investment Trust

Invests according to the values of the Catholic Church.

Christian Science

American Trust Allegiance Fund

Has Christian Science-related screens. Avoids alcohol, gambling, tobacco, pharmaceutical, medical diagnostic services, and other health care industries.

Other Christian

Capstone Social Ethics & Religious Values Fund

Invests according to Seventh-Day Adventist principles. Screens out companies that profit from alcohol, tobacco, gambling, caffeine, meat, and pornography.

Christian Stewardship Funds

Mutual funds reflecting evangelical Christian values.

Lutheran Brotherhood

Screens out companies that profit from alcohol, tobacco, and gambling.

MMA Praxis Mutual Funds

Invests according to Anabaptist Christian beliefs, including Amish and Mennonite principles. Supports the environment, employment, and human rights. Screens out companies that profit from weapons, alcohol, tobacco, gambling, nuclear power, and other services.

Noah Fund

Invests according to Christian biblical principles. Screens out companies that profit from alcohol, tobacco, gambling, pornography, and abortion-related products and services.

Timothy Plan

Invests according to conservative Judeo-Christian values. Screens out companies that profit from or support abortion, pornography, anti-family entertainment, non-married lifestyles, alcohol, tobacco, and gambling.

Muslim

Amana Mutual Funds Trust

"Halal investing"--invests according to Islamic principles. Screens out companies who profit from alcohol, gambling, and pornography, and non-Islamic banks. Avoids interest.

Azzad Asset Management

Family of halal funds that includes the Azzad/Dow Jones Ethical Market Fund, the Azzad Income Fund, and the Azzad Growth Funds. Invests according to Islamic principles, by avoiding interest income and screening out companies that profit from alcohol, pork products, tobacco, and other screens.

Good Money.com's complete list of socially responsible funds

, including many additional religious-based funds.

More socially conscious investing resources

Selected Socially Conscious Funds

General Social Screens

Ariel Mutual Funds

Screens out companies that profit from weapons, nuclear power, and tobacco. Supports the environment and employment.

Delaware Investments

The Fund does not knowingly invest in companies that engage in activities that damage the natural environment; produce nuclear power; design or construct nuclear power plants or manufacture equipment for the production of nuclear power; manufacture or contract for military weapons; are in the liquor, tobacco, or gambling industries; or conduct animal testing for cosmetics and personal care products.

Domini Social Investments

Funds screen out alcohol, tobacco, gambling, and nuclear power. Supports the environment, employment, and human rights.

Dreyfus Third Century

Supports the environment and employment. Screens out companies that profit from tobacco.

Eclipse Funds

The Ultra Short Term Fund screens out companies that profit from alcohol, tobacco, defense, nuclear power, and gambling.

Green Century Funds

Founded by respected nonprofit environmental advocacy organizations to encourage environmentally responsible corporate behavior. Also screens out companies that profit from weapons, alcohol, tobacco, gambling, and nuclear power.

IPS Funds

Screens out companies that profit from animal testing, alcohol, tobacco, and gambling. Supports the environment and human rights.

Pax World Funds

Suports the environment and employment. Screens out companies that profit from weapons, nuclear power, alcohol, tobacco, gambling, and other services.

Environmental Funds

Green Century Funds

Founded by respected nonprofit environmental advocacy organizations to encourage environmentally responsible corporate behavior. Also screens out companies that profit from weapons, alcohol, tobacco, gambling, and nuclear power.

New Alternatives Fund

Concentrates investments in environmental investment, renewable energy, fuel cells, recycling and energy conservation, and organic foods.

Funds Supporting Minorities or Women

DEM Equity Fund

Invests in domestic emerging markets, including companies domiciled in the United States and controlled by an African-American, Asian-American, Hispanic/Latino-American, or a woman.

Women's Equity Mutual Fund

Invests in companies that work to advance women's social and economic status. Also supports the environment, fair employment, and human rights, and screens out companies that profit from weapons, alcohol, tobacco, gambling, and nuclear power.

Good Business Practices

Citizens Funds

Invests in companies that promote diversity in the workforce.

Good Money.com's complete list of socially responsible funds

, including many additional religious-based funds.

More socially conscious investing resources

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