GREEN CENTURY BALANCED FUND PORTFOLIO OF INVESTMENTS July 31, 2016

Transcription

1 GREEN CENTURY BALANCED FUND PORTFOLIO OF INVESTMENTS July 31, 2016 SHARES VALUE Common Stocks % Software & Services - 7.9% Adobe Systems, Inc. (a) 14,434 $ 1,412,511 Alphabet, Inc., Class A (a) 6,261 4,954,580 ANSYS, Inc. (a) 19,510 1,743,414 MasterCard, Inc., Class A 13,389 1,275,168 Microsoft Corporation 37,870 2,146,472 PayPal Holdings, Inc. (a) 50,348 1,874,959 Zendesk, Inc. (a) 59,448 1,797,708 15,204,812 Healthcare Equipment & Services - 7.4% Baxter International, Inc. 27,679 1,329,146 Cerner Corporation (a) 22,805 1,422,804 Cigna Corporation 22,049 2,843,439 DENTSPLY SIRONA, Inc. 21,477 1,375,387 Hologic, Inc. (a) 53,946 2,076,381 Medtronic PLC (b) 14,550 1,275,016 Quest Diagnostics, Inc. 13,466 1,162,924 Zimmer Biomet Holdings, Inc. 21,714 2,847,574 14,332,671 Capital Goods - 6.3% A.O. Smith Corporation 12,544 1,165,212 ABB Ltd. American Depositary Receipt (b) 78,871 1,676,009 Hexcel Corporation 37,314 1,610,845 Illinois Tool Works, Inc. 19,517 2,252,262 Lincoln Electric Holdings, Inc. 11, ,425 Middleby Corporation (The) (a) 11,669 1,404,714 Wabtec Corporation 27,176 1,861,556 Xylem, Inc. 33,464 1,599,914 12,259,937 Banks - 4.8% East West Bancorp, Inc. 22, ,916 Fifth Third Bancorp 57,295 1,087,459 First Republic Bank 13,973 1,001,445 KeyCorp 133,909 1,566,735 PNC Financial Services Group, Inc. (The) 17,031 1,407,612 SVB Financial Group (a) 11,747 1,179,634 Umpqua Holdings Corporation 71,619 1,090,757 Wells Fargo & Company 25,118 1,204,911 9,299,469 Renewable Energy & Energy Efficiency - 4.5% 8point3 Energy Partners LP 96,278 1,591,475 Acuity Brands, Inc. 7,317 1,920,200 EnerNOC, Inc. (a) 45, ,668 First Solar, Inc. (a) 16, ,640 Hannon Armstrong Sustainable Infrastructure Capital, Inc. 31, ,850 Johnson Controls, Inc. 32,750 1,503,880 Ormat Technologies, Inc. 40,103 1,830,301 8,668,014 Retailing - 4.3% Home Depot, Inc. (The) 13,443 1,858,360 Priceline Group, Inc. (The) (a) 821 1,109,015

2 Tailored Brands, Inc. 34,641 $ 507,491 Target Corporation 21,122 1,591,120 TJX Companies, Inc. (The) 25,802 2,108,540 Tractor Supply Company 13,476 1,235,075 8,409,601 Semiconductors - 3.6% Analog Devices, Inc. 26,860 1,714,474 ARM Holdings PLC American Depositary Receipt (b) 18,177 1,206,226 ASML Holding NV (b) 10,141 1,111,656 NXP Semiconductors NV (a)(b) 22,585 1,899,173 Xilinx, Inc. 19, ,321 6,906,850 Pharmaceuticals & Biotechnology - 3.4% Biogen, Inc. (a) 3,742 1,084,918 Celgene Corporation (a) 10,135 1,137,046 Gilead Sciences, Inc. 14,756 1,172,659 Merck & Company, Inc. 55,816 3,274,167 6,668,790 Insurance - 3.4% Aflac, Inc. 37,893 2,738,906 Lincoln National Corporation 26,948 1,176,819 Reinsurance Group of America, Inc. 27,408 2,720,244 6,635,969 Healthy Living - 3.3% United Natural Foods, Inc. (a) 53,458 2,671,831 WhiteWave Foods Company (The) (a) 48,493 2,690,877 Whole Foods Market, Inc. 35,284 1,075,456 6,438,164 Technology Hardware & Equipment - 3.3% Cisco Systems, Inc. 66,227 2,021,910 F5 Networks, Inc. (a) 20,933 2,583,551 Palo Alto Networks, Inc. (a) 13,944 1,825,130 6,430,591 Consumer Durables & Apparel - 2.9% lululemon athletica, Inc. (a) 20,718 1,608,753 Newell Brands, Inc. 33,175 1,740,360 NIKE, Inc., Class B 19,253 1,068,541 VF Corporation 19,571 1,221,818 5,639,472 Materials - 2.4% Minerals Technologies, Inc. 19,841 1,294,824 Owens-Illinois, Inc. (a) 113,543 2,133,473 Sealed Air Corporation 27,148 1,280,842 4,709,139 Real Estate - 2.0% AvalonBay Communities, Inc. 6,812 1,264,648 CBRE Group, Inc., Class A (a) 53,242 1,514,735 Forest City Realty Trust, Inc., Class A 42, ,411 3,773,794 Food & Beverage - 1.8% General Mills, Inc ,567 McCormick & Company, Inc. 16,261 1,662,687 Unilever NV American Depositary Receipt (b) 39,536 1,823,401 3,507,655 Diversified Financials - 1.8% Charles Schwab Corporation (The) 38,304 1,088,600 Stifel Financial Corporation (a) 43,624 1,542,108

3 3,416,892 WisdomTree Investments, Inc. 79,093 $ 786,184 Telecommunication Services - 1.5% SBA Communications Corporation, Class A (a) 9,695 1,114,925 Verizon Communications, Inc. 31,835 1,763,977 2,878,902 Transportation - 1.4% J.B. Hunt Transport Services, Inc. 15,309 1,272,637 United Parcel Service, Inc., Class B 14,085 1,522,589 2,795,226 Food & Staples Retailing - 1.3% Costco Wholesale Corporation 8,674 1,450,466 CVS Health Corporation 11,595 1,075,089 2,525,555 Consumer Services - 0.7% Panera Bread Company, Class A (a) 5,970 1,309,340 Starbucks Corporation ,928 1,341,268 Utilities - 0.6% American Water Works Company, Inc. 14,920 1,232,094 Automobiles & Components - 0.5% BorgWarner, Inc. 29, ,538 Media - 0.5% IMAX Corporation (a) 30, ,565 Household & Personal Products - 0.4% Church & Dwight Company, Inc. 6, ,617 Total Common Stocks (Cost $116,265,944) 135,678,585 PRINCIPAL AMOUNT VALUE Bonds & Notes % Green Bonds, Renewable Energy & Energy Efficiency % African Development Bank 0.75%, due 10/18/16 (b) $ 1,000,000 1,000,305 Apple, Inc. 2.85%, due 2/23/23 1,000,000 1,056,572 Asian Development Bank 2.125%, due 3/19/25 (b) 1,000,000 1,042,075 Bank of America Corporation 1.35%, due 11/21/16 1,500,000 1,500,127 Digital Realty Trust LP 3.95%, due 7/1/22 2,000,000 2,122,236 European Bank for Reconstruction & Development 0.875%, due 7/22/19 (b) 1,500,000 1,498,956 European Investment Bank 2.50%, due 10/15/24 (b) 2,000,000 2,138,884 European Investment Bank 2.125%, due 4/13/26 (b) 500, ,708 Export-Import Bank of Korea 1.75%, due 2/27/18 (b) 1,000,000 1,005,860 International Bank for Reconstruction & Development 2.00%, due 10/20/16 (b) 500, ,787 International Bank for Reconstruction & Development 2.125%, due 3/3/25 (b) 2,000,000 2,083,360 International Finance Corporation 0.625%, due 11/15/16 (b) 1,000, ,802 International Finance Corporation 2.125%, due 4/7/26 (b) 500, ,550

4 KFW 1.75%, due 10/15/19 (b) $ 1,500,000 $ 1,535,656 Kommuninvest I Sverige AB 1.50%, due 4/23/19 (b) 1,000,000 1,013,789 Morgan Stanley 2.20%, due 12/7/18 2,000,000 2,023,468 Nederlandse Waterschapsbank NV 2.375%, due 3/24/26 (b) 1,000,000 1,054,160 Nordic Investment Bank 2.25%, due 9/30/21 (b) 1,500,000 1,570,953 Overseas Private Investment Corporation 3.28%, due 9/15/29 800, ,768 Overseas Private Investment Corporation 3.33%, due 5/15/33 237, ,954 Overseas Private Investment Corporation 3.43%, due 6/1/33 246, ,345 Regency Centers LP 3.75%, due 6/15/24 2,000,000 2,110,486 Sumitomo Mitsui Bank 2.45%, due 10/20/20 (b) 2,000,000 2,055,150 Svensk Exportkredit AB 1.875%, due 6/23/20 (b) 1,500,000 1,533,996 Vornado Realty LP 2.50%, due 6/30/19 2,000,000 2,033,990 32,312,937 Software & Services - 2.2% International Business Machines Corporation 8.375%, due 11/1/19 500, ,394 Oracle Corporation 1.20%, due 10/15/17 500, ,201 Oracle Corporation 5.00%, due 7/8/19 1,000,000 1,107,832 Oracle Corporation 2.50%, due 5/15/22 500, ,626 Symantec Corporation 4.20%, due 9/15/20 1,500,000 1,573,993 4,312,046 Banks - 1.7% HSBC Bank USA N.A. 6.00%, due 8/9/17 500, ,848 HSBC Holdings PLC 5.10%, due 4/5/21 (b) 1,500,000 1,670,749 JPMorgan Chase & Company 4.40%, due 7/22/20 1,000,000 1,096,044 3,287,641 Consumer Services - 1.1% Starbucks Corporation 2.45%, due 6/15/26 2,000,000 2,065,896 U.S. Government Agencies - 1.0% Federal Farm Credit Bank 1.80%, due 6/15/20 200, ,753 Federal Farm Credit Bank 2.26%, due 11/13/24 500, ,637 Federal Home Loan Bank 3.875%, due 12/14/18 550, ,824 Federal Home Loan Mortgage Corporation 3.75%, due 3/27/19 500, ,291 Federal Home Loan Mortgage Corporation 0.00%, due 11/29/19 200, ,013 2,042,518 Pharmaceuticals & Biotechnology - 1.0% Amgen, Inc. 5.70%, due 2/1/19 1,250,000 1,385,913

5 Thermo Fisher Scientific, Inc. 2.40%, due 2/1/19 $ 500,000 $ 511,504 1,897,417 Capital Goods - 0.8% Koninklijke Philips NV 5.75%, due 3/11/18 (b) 1,500,000 1,604,789 Media - 0.6% Discovery Communications LLC 5.625%, due 8/15/19 1,150,000 1,268,457 Diversified Financials - 0.6% Bank of New York Mellon Corporation (The) 3.55%, due 9/23/21 1,000,000 1,088,653 Real Estate - 0.5% HCP, Inc %, due 8/15/24 1,000,000 1,019,352 Healthcare Equipment & Services - 0.5% Baxter International, Inc. 1.85%, due 6/15/18 500, ,346 Stryker Corporation 1.30%, due 4/1/18 500, ,626 1,002,972 Telecommunication Services - 0.4% America Movil SAB de C.V. 5.00%, due 10/16/19 (b) 750, ,543 Technology Hardware & Equipment - 0.4% EMC Corporation 1.875%, due 6/1/18 700, ,177 Healthy Living - 0.3% Whole Foods Market, Inc. 5.20%, due 12/3/25 500, ,874 Food & Staples Retailing - 0.3% CVS Health Corporation 2.25%, due 12/5/18 500, ,741 Total Bonds & Notes (Cost $52,841,583) 54,482,013 Certificates Of Deposit - 0.1% Self Help Credit Union Environmental Certificate of Deposit 1.01%, due 8/10/16 95,000 95,000 Self-Help Credit Union 1.30%, due 6/21/19 95,000 95,309 Total Certificates Of Deposit (Cost $190,000) 190,309 Short-term Investment - 1.6% UMB Money Market Fiduciary Account, 0.01% (c) (Cost $3,159,883) 3,159,883 Total Short-term Investments (Cost $3,159,883) 3,159,883 TOTAL INVESTMENTS (d) % (Cost $172,457,410) 193,510,790 Other Assets Less Liabilities - 0.2% 294,159 NET ASSETS % $ 193,804,949 (a) Non-income producing security. (b) Securities whose values are determined or significantly influenced by trading in markets other than the United States or Canada. (c) The rate quoted is the annualized seven-day yield of the Fund at the period end

6 (d) The cost of investments for federal income tax purposes is $172,451,386 resulting in gross unrealized appreciation and depreciation of $27,276,258 and $6,216,854 respectively, or net unrealized appreciation of $21,059,404. The holdings of the Balanced Fund may change due to ongoing management of the Fund. References to specific investments should not be construed as a recommendation of a security by the Fund, its administrator, or the distributor. You should carefully consider the Funds investment objectives, risks, charges and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds, please visit info@greencentury.com or call GREEN for more information. Please read the Prospectus carefully before investing. Stocks will fluctuate in response to factors that may affect a single company, industry, sector, or the market as a whole and may perform worse than the market. Bonds are subject to risks including interest rate, credit, and inflation. The Funds environmental criteria limit the investments available to the Funds compared to mutual funds that do not use environmental criteria. The Green Century Funds are distributed by UMB Distribution Services, LLC.