The club began actively-managed mutual funds that will invest responsibly. The management fees stand out to me at 1.69%, but I recall that that is about the mean for actively-managed mutual funds. (For the last five years, I have only been buying into S&P 500-based index funds.)
To their credit, the fund has outperformed the S&P 500 for the last five years according to the chart. Their guideline is to invest 80% of their assets in equities at any one time, which sounds like a lot of liquidity and a very conservative position.
Has anybody had an experience with these products? Here is a link to the stock fund
http://www.sierraclubfunds.com/our_funds_sc_stock_fund.htm