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Home > Financial Services > Mutual Funds > Green Century
Green Century
Green Century Capital Management, Inc. is the administrator of Green Century Funds, a family of environmentally responsible mutual funds. It was established by non-profit environmental support organizations and is wholly owned by non-profit support groups.
When the Green Century Funds were founded in 1991, there were only a handful of socially and environmentally screened mutual funds. Since then, many funds with social and/or environmental screens have been introduced. But today, the Green Century Funds remain among a small number of fund families that focus primarily on environmentally responsible investing. They are proud of their role in helping to grow the number of environmentally conscious investors. They think every investor should understand how their investments are being put to use.
As a result of GCCM's non-profit ownership, 100 percent of the net profits earned by GCCM on the fees it receives for managing the Funds belong to the non-profit advocacy organization founders. These earnings will help to further efforts to preserve and protect the environment - efforts that include: campaigning for the protection of clean air, clean water, and open space; filing lawsuits against companies that illegally pollute; and advocating for reduced use of toxic chemicals and reduced emissions of global warming gases.
The Green Century Balanced Fund seeks capital growth and income from a diversified portfolio of stocks and bonds that meet GCCM's as per Green Century standards for corporate environmental performance. The Green Century Balanced Fund invests primarily in the stocks and bonds of environmentally dedicated companies, many of which also make positive, innovative contributions to the environment. There is no predetermined percentage of assets allocated to either stocks or bonds, although the Balanced Fund will generally invest at least 25 percent of its net assets in bonds and may not invest more than 75 percent of its net assets in stocks.
The Green Century Equity Fund's objective is to achieve long-term total return matching the performance of an index comprised of the stocks of 400 companies selected using environmental and social criteria.
In addition to vigorously avoiding any companies that manufacture tobacco products or engage in the production of nuclear energy or weapons, the Equity Fund does not invest in companies that obtain more than 2 percent of their revenue from military weapons, or companies producing firearms or alcohol, or earn revenue from gambling facilities.
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