Greenwich, Connecticut-based RIA Dover Corporate Responsibility Management has launched its first mutual fund, and has plans to launch more.

The new fund, called the Responsibility Fund, seeks to invest in mid and large-cap S&P 500 Index companies that abide by financial transparency, provide philanthropy, and other standards. Managers expect to invest in companies with $3.0 billion or more.

Shares of the fund, after waiver, have total expenses of 125 for institutional shares, 175 for A class shares and 250 for C class shares. The minimum purchase amount for the fund is $1,000.

“We believe that corporate liquidity and corporate responsibility combined with philanthropic giving signals companies that are well positioned to outperform their peers over any given three-to-five year period,” stated Christopher Wolfe, head of research, Dover Corporate Responsibility Management, in a news release.

The newly hatched fund firm already provides separately managed accounts and other strategies, all in the corporate responsibility vein. Dover was officially founded in March of 2001 by Rick Fuscone, formerly of Merrill Lynch.  

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