Equity Fund for Institutions
The Green Century Equity Fund invests in one of the longest running sustainability indexes customized to be fossil fuel free, the MSCI KLD 400 ex Fossil Fuels Index. The Fund excludes environmentally harmful industries and includes companies that score higher on environmental, social and governance factors than their industry peers.
The composition of the MSCI KLD 400 ex Fossil Fuels Index is reviewed annually and rebalanced quarterly. Companies are evaluated to determine if they have maintained their Environmental, Social, and Governance performance and whether they remain part of the applicable MSCI universe.
Equity Fund Overview
Fund: $343.33 million
$104.62
+$0.48
12/3/2025
Green Century Capital Management°
Northern Trust Investments
Key Facts
Launch Date:
June 1991
Symbol:
GCEUX
CUSIP:
392768602
Minimum Investment/Fund
$250,000
Sales Charge
None, No 12b-1
Expense Ratio:
0.90% (03/01/2024)
The Green Century Equity Fund invests in the MSCI KLD 400 ex Fossil Fuels Index, which is one of the longest running sustainability indexes that is customized to be fossil fuel free.
This equity fund allows institutions a way to invest their money in U.S. companies in an environmentally responsible way.
You can align your investments with your values and feel good about your choices by avoiding companies that harm the environment. You make a positive impact through our active ownership program that improves corporations’ sustainability practices. Finally, you support environmental educational and advocacy programs because 100% of our net profits belong to our non-profit owners.
The Green Century Equity Fund seeks to achieve long-term total return which matches the performance of an index comprised of the stocks of companies MSCI calculates to have high environmental, social and governance ratings. This means that investing in the Equity Fund allows you to sustainably invest, with the goal of achieving a fair return over time.
The Green Century Equity Fund seeks to achieve its objective of fair returns without compromising values by investing in the stocks of the companies that make up the MSCI KLD 400 Social ex Fossil Fuels Index, a custom index calculated by MSCI, Inc.
Values-aligned exclusions:
- Coal, oil, and or gas companies (no exploration, extraction, processing, refining, or transmission)
- Tobacco
- Nuclear energy and nuclear weapons
- Firearms and military weapons
- Producers of GMOs (genetically modified organisms)
ESG criteria:
- The Green Century Equity Fund invests in companies MSCI calculates to have high Environmental, Social, and Governance (ESG) criteria.
A sustainable investment strategy that incorporates environmental, social, and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.
Fund Performance
| Cumulative Returns as of 9/30/25 | Average Annual Total Returns as of 9/30/25 | |||||||||||
| Latest Quarter | Year to Date | One Year | Three Years | Five Years | Ten Years | Since Inception | ||||||
| Green Century Equity Fund Institutional Share Class (GCEUX) | 8.41% | 14.04% | 15.87% | 24.15% | 14.85% | 14.71% | 9.78% | |||||
| S&P 500® Index [1] | 8.12% | 14.83% | 17.60% | 24.94% | 16.47% | 15.30% | 10.80% | |||||
Performance is calculated after fees.
The total annual operating expense ratio of the Equity Fund Institutional Share Class is 0.90% respectively, as of the most recent prospectus.
The performance information provided on this website is past performance, and the past performance of the Equity Fund is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an institution’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Equity Fund 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 Equity 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.
Portfolio Characteristics
As of 9/30/25: (50.66% of net assets)
| NVIDIA Corp | 15.98% |
| Microsoft Corp | 12.79% |
| Alphabet, Inc., Class A | 4.97% |
| Tesla, Inc. | 4.60% |
| Alphabet, Inc., Class C | 4.24% |
| Visa, Inc., Class A | 2.10% |
| Mastercard, Inc., Class A | 1.76% |
| Home Depot, Inc. | 1.46% |
| AbbVie, Inc. | 1.45% |
| Procter & Gamble Company | 1.31% |
View the complete holdings of the Green Century Fund.
As of 9/30/25:
Asset Allocation
As of 9/30/25:
Common Stocks: 99.85%
Cash and Equivalents: 0.15%
Institutional Investor Net Asset Value per Share: $102.57
Portfolio Managers for Institutions
Investment Advisor: Green Century Capital Management
Green Century Funds provides sustainable investment advisory services to the Equity Index Fund, including overseeing the daily portfolio management of the Fund by Northern Trust. Green Century Funds also coordinates the operations and the compliance functions for the Equity Fund, as well as the shareholder advocacy efforts.
Investment Sub-advisor and Portfolio Manager: Northern Trust Investments
Northern Trust Investments is the sub-advisor to the Green Century Equity Fund providing day-to-day portfolio management of the Fund. The firm has managed socially responsible investing portfolios for more than 30 years and is a leading provider of asset and fund administration, investment management, banking solutions and fiduciary services for institutions and corporations worldwide. Northern Trust, a financial holding company based in Chicago, IL has offices in 19 U.S. states and 20 international locations in North America, Europe, the Middle East, and the Asia-Pacific region. For over 130 years, Northern Trust has earned distinction as an industry leader in combining exceptional expertise with innovative products and technology.
Equity Fund Provider: MSCI ESG Research
MSCI ESG Research measures and models environmental, social and governance (ESG) risk to provide critical insights that can help institutional investors understand how ESG can impact the long-term risk and return profile of their investments. MSCI’s pioneering ESG Research team provides in-depth research, ratings and analysis of the ESG business practices of thousands of companies worldwide, which are used to develop their ESG indexes.
Vice President
Northern Trust Global Investments Business Unit
Keith started his career at Dow Jones in 1995, where he helped create the Dow Jones Indexes business. He was the head of Index Development from 1999 to 2006. He began working as an index analyst and trader for Wachovia’s program trading desk in 2006. Keith joined the domestic portfolio management team at Northern Trust in 2007.
Keith Carroll is the Portfolio Manager for the Equity Fund.
Keith received his Bachelor of Science in Finance from The College of New Jersey