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

Spotlight - PowerShares WilderHill Clean Energy fund (PBW)

The top scoring fund in February belongs to a sector fund, the PowerShares WilderHill Clean Energy fund (PBW), as it takes over last month’s leader, the Ariel Fund (ARGFX).  PBW is currently scoring at 5.53, which is up over 2.5 points in the recent months. In addition, PBW is also scoring well above the average Energy-related fund by almost 3 points.  On the diversified fund front, the Ariel Fund stills holds a dominant score of 5.2.  It's important to note that the Ave Maria family has two high scoring funds at this time, as both their Growth Fund (AVEGX) and their Rising Dividend fund (AVEDX) are scoring above the 4 score line.  An additional top scorer over the month is the Parnassus Equity Income Fund (PRILX).  Within the collection of SRI equity funds, the US equity funds are exhibiting more relative strength than their international equity counterparts. Concerning the fixed income allocation, the top 3 fixed income scores belong to Calvert with their two leaders, the Calvert Income fund (CFICX) and their Calvert Long-Term Income fund (CLDAX), both scoring well above 3 while the average fixed income funds trades with a score of 2.36.  Another strong opportunity in the fixed income universe is the Pax World High Yield Bond fund (PAXHX) with a score of 3.28.  High yielding related funds are significantly stronger in relative strength than the average quality fixed income fund, so be sure to include high yield funds in your fixed income allocation mix.

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High Strength, Low Risk
Fund Score > 3, Below average volatility
           
    Name DWA Fund Score DWA rRisk Score  
  Equity Funds And ETFs      
    Parnassus Equity Income Fund Class Institutio (PRILX) 4.69 0.87  
    Ave Maria Rising Dividend Fund (AVEDX) 4.03 0.94  
    iShares FTSE KLD 400 Social Idx Fd (ETF): NYS - DSI 3.61 0.99  
    iShares MSCI USA ESG Select Scl Indx Fnd: NYS - KLD 3.49 1.00  
    DFA International Social Core Equity Portfoli (DSCLX) 3.36 0.97  
    Calvert Large Cap Core Portfolio Class A (CMIFX) 3.34 0.91  
    Legg Mason Investment Counsel Social Awarenes (SSIAX) 3.07 0.73  
    Calvert Balanced Portfolio Class A (CSIFX) 3.06 0.59  
  Bond Funds      
    Calvert Income Fund Class A (CFICX) 3.52 0.31  
    Calvert Long-Term Income Fund Class A (CLDAX) 3.34 0.52  
    Pax World High Yield Bond Fund Individual Inv (PAXHX) 3.28 0.40  
    Calvert Short Duration Income Fund Class A (CSDAX) 3.25 0.16  
    Calvert Bond Portfolio Class A (CSIBX) 3.20 0.29  
    Calvert Tax-Free Bond Fund Class A (CTTLX) 3.15 0.41  
    Ave Maria Bond Fund (AVEFX) 3.02 0.20  
           

 

High Strength, High Risk
Fund Score > 3, Above average volatility
           
    Name DWA Fund Score DWA rRisk Score  
  Equity Funds and ETFs      
    PowerShares WilderHill Clean Energy(ETF): NYS - PBW 5.53 2.46  
    Ariel Fund Investor Class (ARGFX) 5.20 1.62  
    Ave Maria Growth Fund (AVEGX) 4.75 1.15  
    Domini International Social Equity Fund Class (DOMAX) 4.36 1.38  
    Parnassus Workplace Fund (PARWX) 4.20 1.15  
    Neuberger Berman Socially Responsive Fund Inv (NBSRX) 4.10 1.10  
    Parnassus Mid Cap Fund (PARMX) 4.08 1.08  
    Calvert Capital Accumulation Fund Class A (CCAFX) 3.78 1.37  
    Calvert Small Cap Fund Class A (CCVAX) 3.78 1.31  
    Parnassus Fund (PARNX) 3.71 1.45  
    Domini Social Equity Fund Investor Class (DSEFX) 3.67 1.08  
    Calvert Global Water Fund Class A (CFWAX)
 		 3.64 1.20  
    VALIC Company I Global Social Awareness Fund (VCSOX) 3.62 1.14  
    TIAA-CREF Social Choice Equity Fund Instituti (TISCX) 3.58 1.04  
    Calvert Social Index Fund Class I (CISIX) 3.53 1.02  
    VALIC Company II Socially Responsible Fund (VCSRX) 3.53 1.03  
    Pax World Growth Fund Individual Investor Cla (PXWGX) 3.51 1.19  
    Vanguard FTSE Social Index Fund Institutional (VFTNX) 3.41 1.05  
    Ave Maria Catholic Values Fund (AVEMX) 3.28 1.17  
    Calvert Equity Portfolio Class A (CSIEX) 3.24 1.07  
    DFA U.S. Social Core Equity 2 (DFUEX) 3.23 1.25  
    DFA CSTG&E International Social Core Equity P (DFCCX) 3.12 1.21  
    Parnassus Small Cap Fund (PARSX) 3.11 1.46  
           

 

Low Strength, Low Risk
Fund Score < 3, Below average volatility
           
    Name DWA Fund Score DWA rRisk Score  
  Equity Funds and ETFs      
    Pax World Balanced Individual Investor Class (PAXWX) 2.96 0.87  
    Calvert Moderate Allocation Fund Class A (CMAAX) 2.89 0.71  
    Appleseed Fund (APPLX) 2.66 0.92  
  Bond Funds      
    Calvert Ultra-Short Income Fund Class A (CULAX) 2.92 0.05  
    Parnassus Fixed Income Fund (PRFIX) 2.37 0.25  
    Domini Social Bond Fund Investor Class (DSBFX) 2.13 0.18  
           

 

Low Strength, High Risk
Fund Score < 3, Above average volatility
           
    Name DWA Fund Score DWA rRisk Score  
  Walden Equity Fund (WSEFX) 2.94 1.01  
  Calvert International Equity Fund Class A (CWVGX) 2.92 1.27  
  DFA Emerging Markets Social Core Portfolio (DFESX) 1.74 1.68  
           

 

 

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.
 

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