Sustainable, Responsible and Impact Mutual Fund and ETF Chart
Jump to: General Fund Information | Fund Institution Information | Account Minimums | Methodology | Proxy Voting Information | Specific Screening Information by Category | Performance Data
General Fund Information - [Return to Top]
Ticker: GCEQX
Assets under management (AUM): $581.53M (in US$ millions) - See other performance data below
General Fund Type: Equity Large Cap
Specific Sizes or Types of Investments: Large-cap equities with more than $1.2 billion in assets
Financial Objective: Long-term total return from stocks selected based on environmental, social, and governance criteria.
Specific ESG Focus: The Green Century Equity Fund tracks the MSCI KLD 400 Social ex Fossil Fuels Index. Companies are rated based on their ESG performance.
To invest, call: (800)93-GREEN (800-934-7336)
Institution Name:
Green Century Funds
Mutual Funds Description: Environmentally responsible mutual funds founded by nonprofit environmental advocacy organizations. The Balanced Fund (GCBLX) is fossil-fuel free and invests in the stocks and bonds of companies with clean environmental records. The Equity Fund (GCEQX) invests in the stocks of the longest-running sustainable investment index, the MSCI KLD 400 Social Index. The Funds are committed to shareholder activism as a critical component of responsible investing.
Contact info:
114 State St., Ste. 200
Boston,MA 02109
United States
Phone: (800)934-7336
Fax: (617)422-0881
Email: info@greencentury.com
Web: http://www.greencentury.com (Opens in a new window)
Account Minimums - [Return to Top]
Minimum Account: $2,500; $1,000 with automatic deposit
Minimum IRA:
$1,000
Screening Venue: Outside
Screening Party:
MSCI ESG Research (formerly KLD Research)
Screening Database Used:
Proprietary MSCI ESG Research database
Screening Process:
The Green Century Equity Fund tracks the MSCI KLD 400 Social ex Fossil Fuels Index. The underlying index is reviewed and updated quarterly by MSCI, utilizing exclusionary and qualitative screens in their analysis when adding companies to or deleting them from the Index. The ESG research is provided by MSCI's ESG Research team, which is among the largest in the industry with over 250 global staff of ESG research analysts.
Proxy Voting Information - [Return to Top]
Proxy Voting Guidelines or Policies: Open external link in new window
Proxy Voting Records: Open external link in new window
Specific Screening Information by Category - [Return to Top]
Environment
- Climate / Clean Technology: Combination of Positive and Restricted/Exclusionary Strategies - The Green Century Equity Fund is fossil fuel free, low carbon investment option that avoids carbon-intensive companies and instead invests in sustainable and environmentally responsible leaders in a wide variety of industries. The Equity Fund does not invest in companies that explore for, extract, produce, manufacture or refine coal, oil or gas or produce or transmit electricity derived from fossil fuels or transmit natural gas or have material carbon reserves.
- Pollution / Toxics: Restricted/Exclusionary Investment - Avoid companies that are heavy polluters or use toxic chemicals in their products.
- Other Environmental: Combination of Positive and Restricted/Exclusionary Strategies - Proactive investment in companies involved in water treatment and conservation, air pollution control, and pollution prevention; also companies with with eco-friendly products and supply chain environmental policies. Avoid companies that flout basic standards and protection of the environment.
Social
- Diversity & Equal Employment Opportunity: Combination of Positive and Restricted/Exclusionary Strategies - Seek companies with good governance practices such as policies and practices to support a diverse work environment. Avoid companies with poor track record in diversity.
- Human Rights: Combination of Positive and Restricted/Exclusionary Strategies - Seek companies with good governance practices such as policies and practices that support human rights, pay fair wages, and enforce a code of conduct. Avoid companies with poor track record in human rights.
- Labor Relations: Combination of Positive and Restricted/Exclusionary Strategies - Seek companies with good governance practices such as policies and practices that support human rights, pay fair wages, and enforce a code of conduct. Avoid poor performers.
Governance
- Board Issues: Combination of Positive and Restricted/Exclusionary Strategies - Seek companies with good governance practices such as sufficient Board oversight - especially on sustainability issues and incorporating environmental, social, and governance performance factors to compensation calculations. Avoid poor performers.
- Executive Pay: Positive Investment - Seek companies with good governance practices such as policies and practices that support human rights, pay fair wages, and enforce a code of conduct. Avoid poor performers.
Products
- Alcohol: No Investment - No investment in companies with significant involvement in alcohol products, sales, or marketing.
- Animal Welfare: Restricted/Exclusionary Investment - No investment in companies that do no protect the humane treatment of animals.
- Defense/Weapons: No Investment - No investment in companies with significant involvement in military or civilian firearms.
- Gambling: No Investment - No investment in companies with significant involvement in gambling.
- Tobacco: No Investment - No investment in companies with significant involvement in tobacco products, sales, or marketing.
Other
- Other/Qualitative: Community Relations - Proactive investment (by fund policy and by practice). Seek companies that have exceptionally positive community relations programs Nuclear - No investment (by fund policy and by practice). No investment in owners or operators of nuclear power plants, excludes major electric utility co.'s Products/Services - Proactive investment (by fund policy and by practice). Try to invest in companies that made strong commitments to quality in manufacturing.
- Shareholder Engagement - Shareholder Resolutions: Filed or co-filed with companies on environmental, social or governance issues
- Shareholder Engagement - Private Dialogue: Conducted with companies on environmental, social or governance issues
- Description of Shareholder Engagement: Green Century is involved in a variety of shareholder engagements from voting our proxies in alignment with ESG criteria and dialogue with companies to filing shareholder resolutions. Green Century is also active in policy issues such as testifying in support of fossil fuel divestment, participating in industry committees, and coordinating responsible investing industry coalitions and sign-on letters.
Performance Data - [Return to Top]
Data provided by:
- Information current as of December 31, 2023
Year-to-date rate of return: 27.7%
1-year rate of return: 27.7%
3-year rate of return: 8.44%
5-year rate of return: 15.3%
10-year rate of return: 11.43%
Previous year rate of return: -23.09%
Management fee: 0.23%
Expense ratio: 1.25%
Standard deviation: 15.93%
Benchmark used: S&P 500 Composite Total Return | External link (Opens in a new window)
Disclaimer: You should carefully consider the Green Century Funds' investment objectives, risks, charges, and expenses before investing. To obtain a prospectus that contains this and other information about the Funds, call 1-800-93-GREEN, visit www.greencentury.com, or email info@greencentury.com. Please read the prospectus carefully before you invest or send money. Distributor: UMB Distribution Services, LLC 6/08