More mutual funds are contributing a portion of their profits to charity, which could sway more investors to choose their funds, The Wall Street Journal reports. However, advisers tell investors they should check to see if these admirable funds are charging higher fees and take a hard look at their performance.

One of the most generous is American Century Investments, which gives 40% of its profits to the Stowers Institute for Medical Research, a biomedical research organization established by founder James E. Stowers, Jr., and his wife, Virginia, both of whom are cancer survivors.

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