EXHIBIT 5
Multi-Year Cost of Socially Responsible Investing: 250 Stock Portfolios, 52% Correct Choices, 20% Excluded
| years | SP500 | MSCI EAFE | MSCI World | MSCI ACWI |
|---|---|---|---|---|
| 5 | $16,943,637 | $18,545,523 | $21,985,290 | $34,326,625 |
| 10 | $49,504,437 | $54,154,979 | $64,123,854 | $99,695,830 |
| 20 | $211,302,045 | $230,900,314 | $272,765,315 | $420,532,381 |