Managers of environmentally focused mutual funds hold a leadership position with investors, and have an ethical responsibility to explain the environmental screens. The public filings of environmentally focused, actively managed funds were reviewed to determine what non-financial screening information was made public. Content analysis was conducted on the screening verbiage for environmental key words as a means of identifying screen passages within the prospectus. Quantitative analysis was conducted to determine the commonality of the holdings for environmentally focused funds. The results identified few patterns or search terms that could be effectively used on the textual content. The holdings had little commonality between the funds, except for the specific environmental investment sectors of alternative energy, climate change, and water.
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