June 24, 2002 — In response to Citizens Funds’ decision to replace Seneca Capital Management as subadvisor on the Citizens Emerging Growth Fund (WAEGX), we have removed the fund from our Select Fund designation.
Citizens announced in April that it had decided to terminate the sub-advisory relationship with Seneca and is bringing management of the fund in house, naming Jeffrey Schappe as director of research, portfolio manager, and growth equity team leader.