- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Boston MA 02111 Los Angeles CA United States of America 90017
- IPO Date
- Sep 30, 2016
- Business
- Green Century MSCI International Index Fund Individual Investor Class (GCINX) is a fossil fuel-free equity index mutual fund that seeks long-term total return matching the performance of the MSCI World ex USA SRI ex Fossil Fuels Index, comprising approximately 175-240 large- and mid-cap stocks from developed markets outside the United States selected for high environmental, social, and governance (ESG) ratings. The fund invests primarily in common stocks of companies headquartered in 22 developed markets, including Japan, Germany, France, Canada, Switzerland, the Eurozone, the United Kingdom, and Europe ex-Eurozone; it systematically excludes firms involved in fossil fuels (coal, oil, gas exploration, extraction, processing, refining, transmission, or electricity generation), tobacco, nuclear energy or weapons, genetically modified organisms, civilian firearms, military weapons, alcohol, gambling, and adult entertainment. Offered through Green Century Funds, managed by Green Century Capital Management LLC with sub-advisory from Northern Trust Investments, the fund features no sales charge or 12b-1 fees, a net expense ratio of 1.28%, a minimum initial investment of $2,500 for regular accounts ($1,000 for IRAs), and daily pricing; as of late 2025, it holds total net assets of approximately $178-181 million, with top sectors including financial services, industrials, technology, healthcare, and consumer defensive.
Launched in September 2016 and domiciled in the United States, GCINX operates as part of Green Century Funds, a pioneer in sustainable investing founded in 1991 and headquartered at 114 State Street, Suite 200, Boston, Massachusetts. Green Century Capital Management, the investment advisor, oversees portfolio management, compliance, and shareholder advocacy, while Northern Trust provides day-to-day sub-advisory services; the index is customized by MSCI ESG Research. The fund targets individual and institutional investors seeking diversified, ESG-aligned exposure to non-U.S. equities, with portfolio managers including Steven Santiccioli (since inception) and Brendan Sullivan (since September 2024).
In recent developments, Green Century Funds' shareholder advocacy team secured 10-11 environmental policy changes at global companies during the 2024-2025 season through engagements with top executives at 58 firms and resolutions at 30 companies, including agreements with Starbucks on plastic recyclability disclosures and transitions to reusable cups by early 2026. Portfolio turnover stands at 42%, with quarterly rebalancing and annual ESG reviews to maintain alignment; the fund remains one of the first diversified, fossil fuel-free international index options for U.S. investors, wholly owned by environmental and public health nonprofits that receive 100% of profits.