Dorsey Wright's Ranking of Socially Responsible Funds and ETFs
Includes Funds and ETFs with assets over $100 million

Spotlight - Ariel Fund Investor Class (ARGFX)

As we close out 2013, the leading equity scores in the Socially Responsible Fund Group belong to the Ariel Fund Investor Class (ARGFX) as well as the Ave Maria Growth (AVEGX).  Both of these funds are having a great year trading above the 5 score level and they offer you the best relative strength within the Socially Responsible genre. In addition, they also rank at the highest levels concerning any genre of mutual fund at this time.  The highest scoring Socially Responsible equity fund with low relative risk is the Parnassus Equity Income Fund (PRILX), which holds a score of 4.94 and a relative risk below the risk of the core equity market.  On the International scene, the Calvert International Equity Fund (CWVGX) holds a suitable score above the 3 level at a 3.11, and this fund can give you basic exposure to the Non-US side of your asset allocation.  The top sector fund is the Calvert Global Water Fund (CFWAX), which has a score of 3.79.  On the fixed income front, the Ave Maria Bond Fund (AVEFX) is shining as the leader in relative strength with a great score of 3.55.   Two newcomers to Quadrant 2 for fixed income are the Calvert Short Duration Income Fund (CSDAX) and the Calvert Ultra-Short Income Fund (CULAX), as both of these funds have improved against the backdrop of a downward trend in fixed income relative strength.

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High Strength, High Risk Fund Score > 3, Above average volatility

		Name	DWA Fund Score	DWA rRisk Score
	Equity Funds and ETFs
		Ariel Fund Investor Class (ARGFX)	5.93	1.65
		Ave Maria Growth Fund (AVEGX)	5.33	1.15
		Neuberger Berman Socially Responsive Fund Inv (NBSRX)	4.87	1.10
		Calvert Small Cap Fund Class A (CCVAX)	4.42	1.34
		Parnassus Workplace Fund (PARWX)	4.33	1.18
		Parnassus Mid Cap Fund (PARMX)	4.32	1.09
		Ave Maria Catholic Values Fund (AVEMX)	4.01	1.20
		Calvert Capital Accumulation Fund Class A (CCAFX)	4.27	1.41
		Calvert Social Index Fund Class I (CISIX)	3.81	1.02
		VALIC Company II Socially Responsible Fund (VCSRX)	3.81	1.04
		Calvert Global Water Fund Class A (CFWAX)	3.79	1.21
		TIAA-CREF Social Choice Equity Fund Inst. (TISCX)	3.72	1.06
		Domini Social Equity Fund Investor Class (DSEFX)	3.67	1.10
		Calvert Equity Portfolio Class A (CSIEX)	3.64	1.08
		VALIC Company I Global Social Awareness Fund (VCSOX)	3.63	1.16
		Vanguard FTSE Social Index Fund Institutional (VFTNX)	3.63	1.07
		Global X Funds: NASDAQ - SOCL	3.60	1.96
		Parnassus Fund (PARNX)	3.28	1.49
		Parnassus Small Cap Fund (PARSX)	3.17	1.50
		Calvert International Equity Fund Class A (CWVGX)	3.14	1.27
		iShares MSCI USA ESG Select Scl Indx Fnd: NYS - KLD	3.11	1.02
		PowerShares WilderHill Clean Energy(ETF): NYS - PBW	3.01	2.52

 

Low Strength, Low Risk Fund Score < 3, Below average volatility

		Name	DWA Fund Score	DWA rRisk Score
	Equity Funds and ETFs
		Appleseed Fund (APPLX)	2.48	0.96
	Bond Funds
		Calvert Income Fund Class A (CFICX)	2.74	0.31
		Calvert Tax-Free Bond Fund Class A (CTTLX)	2.43	0.43
		Calvert Bond Portfolio Class A (CSIBX)	2.30	0.29
		Calvert Long-Term Income Fund Class A (CLDAX)	1.97	0.52
		Parnassus Fixed Income Fund (PRFIX)	1.71	0.25

 

Low Strength, High Risk Fund Score < 3, Above average volatility

		Name	DWA Fund Score	DWA rRisk Score
	DFA CSTG&E International Social Core Equity P (DFCCX)		2.79	1.25

 

	DWA Fund Score:    The DWA Fund score ranks the technical strength on a scale of 0 through 6 using an equation based on price trending and relative strength.  Funds with scores above 3 are considered by Dorsey Wright to be “investment grade”.   Funds with scores close to 6 are “market dominant."
	DWA rRisk Score:     The DWA rRisk score measures the risk of the group on a relative basis. The calculation uses the 3 year Standard Deviation average of the group or fund divided by the Standard Deviation of the Cap Weighted S&P 500 Equity Index. Ratios higher than 1 demonstrate higher risk than the market benchmark and ratios less than 1 demonstrate lower risk than the market benchmark.

Disclosures: The information contained herein has been prepared without regard to any particular investor’s investment objectives, financial situation, and needs.  Accordingly, investors should not act on any recommendation (express or implied) or information in this material without obtaining specific advice from their financial advisors and should not rely on information herein as the primary basis for their investment decisions.  Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources believed to be reliable (“information providers”).  However, such information has not been verified by Dorsey, Wright & Associates, LLC (DWA) or the information provider and DWA and the information providers make no representations or warranties or take any responsibility as to the accuracy or completeness of any recommendation or information contained herein.  DWA and the information provider accept no liability to the recipient whatsoever whether in contract, in tort, for negligence, or otherwise for any direct, indirect, consequential, or special loss of any kind arising out of the use of this document or its contents or of the recipient relying on any such recommendation or information (except insofar as any statutory liability cannot be excluded).  Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice.  Neither the information nor any opinion expressed shall constitute an offer to sell or a solicitation or an offer to buy any securities, commodities or exchange traded products.  This document does not purport to be complete description of the securities or commodities, markets or developments to which reference is made.

Past performance is not indicative of future results.  Potential for profits is accompanied by possibility of loss.    You should consider this strategy’s investment objectives, risks, charges and expenses before investing.  The examples and information presented do not take into consideration commissions, tax implications, or other transaction costs.

Each investor should carefully consider the investment objectives, risks and expenses of any Exchange-Traded Fund ("ETF") prior to investing. Before investing in an ETF investors should obtain and carefully read the relevant prospectus and documents the issuer has filed with the SEC. ETF's may result in the layering of fees as ETF's impose their own advisory and other fees. To obtain more complete information about the product the documents are publicly available for free via EDGAR on the SEC website (http://www.sec.gov).