Balanced Fund

Overview

The Balanced Fund keeps your dollars out of fossil fuel companies and instead seeks to invest in sustainable companies and environmental innovators.

The Fund invests in companies based on its high environmental standards and includes investments in the Renewable and Energy Efficiency sector, such as companies that manufacture products that minimize energy use, and green bonds that help finance efforts to mitigate the impact of climate change.

Objective

The Green Century Balanced Fund seeks capital growth and income from a diversified portfolio of stocks and bonds which meet Green Century’s standards for corporate environmental responsibility.

Investment Strategy

The Balanced Fund is an actively managed fund comprised of equities and fixed income securities. It typically holds 60% to 75% of its net assets in multi-cap stocks and 25% to 40% in investment grade quality bonds. The Fund seeks to invest in well-managed companies that are leaders and innovators and strive to maximize their environmental advantages and minimize their environmental risks.

The Balanced Fund also gives retail investors access to an institutional quality investment process from Trillium Asset Management, a leader in socially responsible investing since 1982 (See Portfolio Managers).

The Fund’s risk-adjusted performance benefits from combining multiple sources of investment insight within a disciplined risk management framework.

Sustainable Investment Strategy

Green Century believes that companies that are environmentally responsible could enjoy competitive advantages, including cost and liability reductions, quality improvements, profitability enhancements, and access to new and expanding growth markets. Such companies may also gain from strong relationships with their stakeholders.

The Fund also avoids investing in companies that produce genetically modified organisms (GMOs), nuclear energy, nuclear weapons and tobacco.

The Balanced Fund was an early investor in green bonds and now has over 50% of its fixed income portfolio in green and sustainable bonds.1

Fund Facts

Inception Date:
March 18, 1992
Symbol and CUSIP: GCBLX, 392768107
Minimum Investment/Fund:
IRA Account: $1,000
Regular Account: $2,500
Sales Charge:
No Load Fund
Front End Load: None
Back End Load: None
12b-1 Fee: None
Expense Ratio:
1.48%
Redemption Fee: 2.00% (on shares sold within 60 days of purchase)

Resources

Portfolio Characteristics

Sector Allocation

As of 6/30/18:

5 Largest Holdings

As of 6/30/18: (16.71% of net assets)

Alphabet, Inc., Class A2.91%
MasterCard, Inc., Class A2.31%
Microsoft Corporation1.75%
Unilever NV1.56%
Cigna Corporation1.54%

You can also view the complete holdings of the Balanced Fund here.

Asset Allocation

As of 6/30/18:
Total Net Assets: $242.86 million
Net Asset Value per Share: $26.42
Common Stocks: 64.28%
Bonds: 32.88%
Cash and Equivalents: 2.84%

Performance

Inception Date: 3/18/1992 Cumulative Returns as of 6/30/18 Average Annual Total Returns as of 6/30/18
 Latest QuarterYear to DateOne YearThree YearsFive YearsTen YearsSince Inception
Green Century Balanced Fund (GCBLX)1.40%0.56%5.77%4.18%7.61%6.65%6.82%
Custom Balanced Index [1]2.18%1.41%8.34%7.64%8.70%7.66%n/a

Performance is calculated after fees.

The total expense ratio of the Balanced Fund is 1.48% as of the most recent prospectus.

The performance returns for the Fund reflect a fee waiver in effect. In the absence of such waiver, the returns would be reduced.

The performance data quoted represents past performance, and past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted. To obtain performance information current to the most recent month-end, please call 1-800-934-7336. Performance includes the reinvestment of income dividends and capital gain distributions, if any. The performance shown does not reflect the deduction of taxes that a shareholder might pay on any Fund distributions or the redemption of Fund shares. A redemption fee of 2.00% may be imposed on redemptions or exchanges of shares you have owned for 60 days or less. Please see the prospectus (PDF) for more information.

Daily Fund Price as of 8/17/2018

Fund N.A.V. $ Change
Green Century Balanced Fund$27.24+$0.04

Portfolio Managers

Investment Advisor: Green Century Capital Management
Investment Sub-advisor and Portfolio Manager: Trillium Asset Management

Green Century provides the investment advisory services to the Balanced Fund, including overseeing the daily portfolio management of the Fund by Trillium Asset Management. Green Century also coordinates the operations and the compliance functions for the Fund, as well as the shareholder advocacy efforts.

Trillium Asset Management is the sub-advisor to the Balanced Fund providing day-to-day portfolio management of the Fund since 2005. Trillium has been a leader in responsible and sustainable investing for over 30 years. A team of three portfolio managers at Trillium has responsibility for the day-to-day management of the Balanced Fund.

Matthew W. Patsky, CFA

Matthew Patsky, CFA joined Trillium in October 2009 as CEO, and has over 25 years of experience in investment research and investment management.

Matt began his career at Lehman Brothers in 1984 as a technology analyst. In 1989, while covering emerging growth companies for Lehman, he began to incorporate environmental, social and governance factors into his research, becoming the first sell side analyst in the United States to publish on the topic of socially responsible investing in 1994. As Director of Equity Research for Adams, Harkness & Hill, he built that firm’s powerful research capabilities in socially and environmentally responsible areas such as renewable energy, resource optimization, and organic and natural products. Matt was most recently at Winslow Management Company in Boston, where he served as director of research, chairman of the investment committee and portfolio manager for the Green Solutions Strategy and the Winslow Green Solutions Fund.

Matt is currently on the Boards of Environmental League of Massachusetts, Shared Interest, and Pro Mujer. He recently served on the Boards of US SIF and Root Capital. Matt is a member of the Social Venture Network (SVN). He is a Chartered Financial Analyst charterholder and a member of the CFA Institute. Matt holds a Bachelor of Science in Economics from Rensselaer Polytechnic Institute.

Cheryl I. Smith, Ph.D., CFA

Cheryl Smith, CFA and Ph.D. in Economics, has been with Trillium for over 20 years and has over 25 years of experience managing socially responsible institutional and individual portfolios. She began her investment management career at Trillium in 1987. In 1992 she joined United States Trust Company in Boston (now known as Walden Asset Management) as Vice President and portfolio manager, before rejoining Trillium in the fall of 1997.

Cheryl is currently a Board member of Oikocredit USA, and on the Steering Committee for the Institute for Responsible Investment. She is immediate past chair of US SIF and current member of its Policy Committee, and she recently served on the Board of Episcopal Divinity School. Cheryl is a Chartered Financial Analyst charterholder and a member of the CFA Institute. She is a member of the American Economic Association. Cheryl holds a B.S.F.S. degree from Georgetown University School of Foreign Service, and earned M.A., M. Phil., and Ph.D. degrees in Economics from Yale University.

Stephanie Leighton, CFA

Stephanie Leighton, CFA, has been with Trillium since 1990 and has over 25 years of investment management experience. Prior to joining Trillium she was an Investment Officer at Sun Life of Canada and an analyst at Pioneer Investments. She serves on the Indigenous Peoples’ Working Group of US SIF and has served on the Unitarian Universalist Association’s Committee on Socially Responsible Investing.

Stephanie holds a B.A. from Bard College and an M.B.A. from Northeastern University. She is a past president of the New England Chapter of the Social Investment Forum. She is a member of the Boston Security Analysts Society and the CFA Institute. Stephanie is a Chartered Financial Analyst charterholder.

Paul A. Hilton, CFA

Paul Hilton, CFA, has been with Trillium since 2011 and has 18 years of experience in the investment industry. Prior to joining Trillium, he was Vice President of Sustainable Investment Business Strategy at Calvert Investments and also previously held senior positions within Calvert’s Equities and Marketing Departments. Paul also served as Portfolio Manager for Socially Responsible Investing at The Dreyfus Corporation, then a division of Mellon Bank, and as a Research Analyst in the Social Awareness Investment (SAI) program at Smith Barney Asset Management, then a division of Citigroup. Paul started his career as an Analyst with the Council on Economic Priorities, a non-profit known for an influential consumer guidebook called “Shopping for a Better World.”

Paul is former Board Chair of US SIF, former Treasurer of the United Nations Environment Programme Finance Initiative (UNEP-FI), and founder of the Social Investment Research Analysts Network (SIRAN), the first U.S. network of sustainability analysts. A member of CFA Society Boston and a Chartered Financial Analyst, he holds Master’s degrees in Anthropology from New York University and Education from Roberts Wesleyan College.

 

Invest in the Balanced Fund

1As of June 30, 2018, green and sustainable bonds comprised 52.70% of total bonds held in the Green Century Balanced Fund.

The performance information provided on this website is past performance, and past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted. To obtain performance current to the most recent month-end, please call 1-800-93-GREEN. Performance includes the reinvestment of income dividends and capital gains distributions. Performance shown does not reflect the deduction of taxes that a shareholder might pay on Fund distributions or the redemption of Fund shares. A redemption fee of 2.00% may be imposed on redemptions or exchanges of shares you have owned for 60 days or less. Please see the prospectus for more information.

The holdings of the Balanced Fund may change due to ongoing management of the Fund. Please click here for current information regarding the Funds’ portfolio holdings. These holdings are subject to risk as described in the Funds’ Prospectus. References to specific investments should not be construed as a recommendation of a security by the Fund, its administrator, or the distributor.

[1] The Custom Balanced Index is comprised of a 60% weighting in the S&P Supercomposite 1500 Index (the S&P 1500 Index) and a 40% weighting in the BofA Merrill Lynch 1-10 Year US Corporate & Government Index (the BofA Merrill Lynch Index). The S&P 1500 Index is an unmanaged index of 1500 selected stocks. The BofA Merrill Lynch Index tracks the performance of U.S. dollar-denominated investment grade government and corporate public debt issued in the U.S. domestic bond market with at least 1 year and less than 10 years remaining maturity, including U.S. treasury, U.S. agency, foreign government, supranational and corporate securities. It is not possible to invest directly in the Custom Balanced Index.

You should carefully consider the Funds' investment objectives, risks, charges and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds, please click here for more information, email [email protected] or call 1-800-934-7336. Please read the Prospectus carefully before investing.

Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic and political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to risks including interest rate, credit, and inflation. The Funds’ environmental criteria limit the investments available to the Funds compared to mutual funds that do not use environmental criteria; as a result, performance could be affected. 

The Green Century Funds are distributed by UMB Distribution Services, LLC., 235 W Galena Street, Milwaukee, WI 53212.