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These Socially Responsible Funds Strike the Right Balance

Here are a few funds that haven't loaded the boat with financials stocks.

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Many investors are attracted to the concept of investing in companies whose values align with their own. Examples include firms that offer safe, employee-friendly workplaces, don't pollute the environment, and don't make products that are harmful to human health, such as tobacco.

In practice, however, the universe of so-called socially responsible investments is a difficult one to navigate. This large group encompasses broad-based, secularly oriented funds as well as those geared toward members of specific religious groups and ones that focus on a specific social issue, such as the environment. Investors can't trust that funds' screens will align with their own simply because they fall under the broad socially conscious banner.

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Christine Benz does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.