Special risk considerations include currency fluctuations, lower liquidity, economic and political risks, and differences in accounting methods. RISA Investment Advisers, LLC located in Philadelphia, PA, was formed in 1997 by Sam Folin. Mr. Folin has 24 years of experience in the investment industry and extensive experience in South Africa consulting with nonprofit organizations on governance, fund raising, planning and financial management. The company has multiracial ownership, management and staff. Mr. Newman has been an analyst and fund manager for over 20 years and previously managed the Community Growth Fund and other large unit trusts and pension funds at Syfrets Managed Assets in Cape Town.
Total return represents past performance, which is no guarantee of future results.
Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. A portfolio beta of 1.0 indicates a risk level equal to that of the market. This fund may own less than 60 securities, so the Fund's risk is increased because each investment has a greater impact on the Fund's performance. Investments are selected on the basis of their ability to contribute to the dual objectives of financial soundness and societal impact. The Fund has developed social investment criteria, detailed below.