Equity Fund Investor Share Class

Fund Overview

Net Assets (03/31/2024)

Fund: $361.44 million

Daily Price (NAV)

$88.00

Daily NAV Change

-$1.35

NAV as of

7/17/2024

Adviser

Green Century Capital Management°

Subadviser

Northern Trust Investments

Key Facts

Launch Date:
June 1991

Symbol:
GCEQX

CUSIP:
392768305

Minimum Investment/Fund
IRA Account: $1,000
Regular Account: $2,500

Sales Charge
None, No 12b-1

Expense Ratio:
1.20% (03/01/24)

Why Invest

The Green Century Equity Fund invests in one of the longest running sustainability indexes customized to be fossil fuel free.

This passive fund affords individuals and institutions a way to invest their money in U.S. companies in an environmentally responsible way.

Objective

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.

The Green Century Equity Fund seeks to achieve its objective by investing in the stocks of the companies which make up the MSCI KLD 400 Social ex Fossil Fuels Index, a custom index calculated by MSCI, Inc.

Investment Strategy

Values-aligned exclusions:

  • Coal, oil, and or gas companies (no exploration, extraction, processing, refining, or transmission)
  • Tobacco
  • Nuclear energy and nuclear weapons
  • Producers of GMOs (genetically modified organisms), guns and other civilian weapons, military weapons
  • Alcohol, gambling, and adult entertainment

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.

Index

The Equity Fund invests in the common stocks of the approximately 360 companies comprising the MSCI KLD 400 ex Fossil Fuels Index.

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 ESG performance and whether they remain part of the applicable MSCI universe.

Performance

Cumulative Returns as of 3/31/24 Average Annual Total Returns as of 3/31/24
Latest Quarter Year to Date One Year Three Years Five Years Ten Years Since Inception
Green Century Equity Fund Individual Investor Share Class (GCEQX) 11.08% 11.08% 30.02% 10.04% 12.78% 12.42% 9.44%
S&P 500® Index [1] 10.56% 10.56% 29.88% 11.49% 15.05% 12.96% 10.44%

Performance is calculated after fees.

Past performance is no guarantee of future results and for further performance information see disclosure below.

Portfolio Characteristics

Top 10 Holdings

As of 3/31/24: (39.37% of net assets)

Microsoft Corporation 12.51%
NVIDIA Corporation 9.39%
Alphabet, Inc., Class A 3.76%
Alphabet, Inc., Class C 3.32%
Tesla, Inc. 2.13%
Visa, Inc., Class A 1.88%
Mastercard, Inc., Class A 1.71%
Procter & Gamble Company 1.63%
Home Depot, Inc. 1.62%
Merck & Company, Inc. 1.42%

You can view the complete holdings of the Green Century Fund here.

Sector Allocation

As of 3/31/24:

Asset Allocation

As of 03/31/24:
Common Stocks: 99.85%
Cash and Equivalents: 0.15%
Individual Investor Net Asset Value per Share: $83.63

Portfolio Managers

Investment Advisor: Green Century Capital Management
Investment Sub-advisor and Portfolio Manager: Northern Trust Investments
International Index Provider: MSCI ESG Research

Green Century Funds provides the investment advisory services to the International 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 Fund, as well as the shareholder advocacy efforts.

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 portfolios for more than 30 years and is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions, and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, 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 service and expertise with innovative products and technology.

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. Their 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.

Brent D. Reeder

Senior Vice President
Head of US Index Equity Portfolio Management

Brent Reeder is a Senior Vice President and Head of US Equity Index Portfolio Management at The Northern Trust Company in Chicago. Prior to that experience, Brent was a Portfolio Manager in the Quantitative Management Group of Northern Trust Global Investments and was responsible for the management of index portfolios.

Brent has a broad range of expertise in both large capitalization and small capitalization index mandates. Before his investment management experience, Brent spent five years in trust operations as a team leader of the Foundations and Endowments team. He received a B.A. degree in Economics from DePauw University and an M.B.A. degree in Finance from DePaul University. Brent is an Associated Person with the National Futures Association.