NPORT-EX 2 fp0086295-1_nportex.htm

GREEN CENTURY BALANCED FUND PORTFOLIO OF INVESTMENTS

October 31, 2023

(unaudited)

 

COMMON STOCKS — 59.6%
   SHARES   VALUE 
Software & Services — 7.2%
Adobe, Inc. (a)   6,586   $3,504,147 
Microsoft Corporation   52,010    17,585,101 
Paycom Software, Inc.   7,024    1,720,669 
ServiceNow, Inc. (a)   5,144    2,993,037 
         25,802,954 
Pharmaceuticals, Biotechnology & Life Sciences — 5.3%
AstraZeneca PLC ADR (b)   73,287    4,633,937 
Gilead Sciences, Inc.   28,375    2,228,573 
IQVIA Holdings, Inc. (a)   13,140    2,376,106 
Merck & Company, Inc.   27,300    2,803,710 
Novo Nordisk A/S ADR (b)   22,500    2,172,825 
Roche Holding AG ADR   67,859    2,193,881 
Thermo Fisher Scientific, Inc.   5,889    2,619,251 
         19,028,283 
Technology Hardware & Equipment — 5.3%
Apple, Inc.   89,484    15,281,183 
Palo Alto Networks, Inc. (a)   14,273    3,468,624 
         18,749,807 
Semiconductors & Semiconductor Equipment — 4.4%
Analog Devices, Inc.   15,676    2,466,305 
ASML Holding NV (b)   4,954    2,966,505 
NVIDIA Corporation   16,127    6,576,590 
NXP Semiconductors NV (b)   12,266    2,115,026 
Wolfspeed, Inc. (a)   43,189    1,461,516 
         15,585,942 
Capital Goods — 4.2%
Deere & Company   5,649    2,063,919 
Eaton Corporation PLC   15,151    3,150,044 
Illinois Tool Works, Inc.   7,095    1,590,131 
Rockwell Automation, Inc.   4,908    1,289,872 
Trane Technologies PLC   15,557    2,960,653 
Westinghouse Air Brake Technologies Corporation   21,955    2,327,669 
Xylem, Inc.   15,837    1,481,393 
         14,863,681 

 

   SHARES   VALUE 
Insurance — 3.7%
Aflac, Inc.   28,265   $2,207,779 
Elevance Health, Inc.   14,251    6,414,233 
Progressive Corporation (The)   15,121    2,390,479 
Travelers Companies, Inc. (The)   13,908    2,328,755 
         13,341,246 
Consumer Discretionary Distribution & Retail — 3.6%
Home Depot, Inc. (The)   11,443    3,257,708 
Target Corporation   21,254    2,354,731 
TJX Companies, Inc. (The)   49,595    4,367,831 
Tractor Supply Company   14,712    2,832,943 
         12,813,213 
Financial Services — 3.3%
LPL Financial Holdings, Inc.   19,667    4,415,635 
Mastercard, Inc., Class A   19,728    7,424,632 
         11,840,267 
Media & Entertainment — 2.7%
Alphabet, Inc., Class A (a)   77,564    9,624,141 
           
Equity Real Estate Investment Trusts (REITs) — 2.6%
American Tower Corporation REIT   19,574    3,487,891 
AvalonBay Communities, Inc. REIT   8,963    1,485,528 
Equinix, Inc. REIT   2,596    1,894,145 
Jones Lang LaSalle, Inc. (a)   9,787    1,251,953 
Prologis, Inc. REIT   10,930    1,101,198 
         9,220,715 
Consumer Staples Distribution & Retail — 2.2%
Costco Wholesale Corporation   10,528    5,816,088 
Sysco Corporation   30,845    2,050,884 
         7,866,972 
Healthcare Equipment & Services — 2.0%
Alcon, Inc. (b)   35,019    2,497,555 
Stryker Corporation   10,759    2,907,297 

1

 

GREEN CENTURY BALANCED FUND PORTFOLIO OF INVESTMENTS  
October 31, 2023  
(unaudited) continued

 

   SHARES   VALUE 
Healthcare Equipment & Services — (continued)
West Pharmaceutical Services, Inc.   5,832   $1,856,267 
         7,261,119 
Consumer Durables & Apparel — 2.0%
Levi Strauss & Company, Class A   129,446    1,769,527 
Lululemon Athletica, Inc. (a)   7,754    3,051,044 
NIKE, Inc., Class B   21,523    2,211,918 
         7,032,489 
Banks — 1.9%
East West Bancorp, Inc.   63,372    3,398,007 
PNC Financial Services Group, Inc. (The)   28,515    3,264,112 
         6,662,119 
Renewable Energy & Energy Efficiency — 1.8%
First Solar, Inc. (a)   15,473    2,204,129 
Ormat Technologies, Inc.   35,154    2,163,377 
SolarEdge Technologies, Inc. (a)   13,704    1,040,819 
Sunrun, Inc. (a)   109,285    1,054,600 
         6,462,925 
Household & Personal Products — 1.6%
Procter & Gamble Company (The)   17,374    2,606,621 
Unilever PLC ADR (b)   61,768    2,924,715 
         5,531,336 
Transportation — 1.2%
J.B. Hunt Transport Services, Inc.   13,020    2,237,748 
United Parcel Service, Inc., Class B   14,085    1,989,506 
         4,227,254 
Materials — 1.0%
Ball Corporation   58,571    2,820,194 

 

   SHARES   VALUE 
Materials — (continued)
Ingevity Corporation (a)   19,719   $794,281 
         3,614,475 
Consumer Services — 0.9%
Bright Horizons Family Solutions, Inc. (a)   15,357    1,137,339 
Starbucks Corporation   22,323    2,059,074 
         3,196,413 
Commercial & Professional Services — 0.7%
Verisk Analytics, Inc.   10,870    2,471,403 
           
Utilities — 0.6%
American Water Works Company, Inc.   19,443    2,287,469 
           
Food & Beverage — 0.6%
McCormick & Company, Inc.   33,631    2,149,021 
           
Telecommunication Services — 0.5%
Verizon Communications, Inc.   49,228    1,729,380 
           
Automobiles & Components — 0.3%
Aptiv PLC (a)   10,287    897,026 
Total Common Stocks          
(Cost $128,140,306)        212,259,650 

 

   PRINCIPAL
AMOUNT		      
BONDS & NOTES — 39.6%
Green and Sustainability Bonds — 28.1%
Alphabet, Inc.
1.10%, due 8/15/30 (c)		  $2,500,000    1,919,460 
Apple, Inc.
3.00%, due 6/20/27 (c)		   5,000,000    4,642,390 
Asian Development Bank
2.125%, due 3/19/25 (b)		   1,000,000    957,032 

2

 

GREEN CENTURY BALANCED FUND PORTFOLIO OF INVESTMENTS  
October 31, 2023  
(unaudited) continued

 

   PRINCIPAL
AMOUNT		   VALUE 
Green and Sustainability Bonds — (continued)
Asian Development Bank
3.125%, due 9/26/28 (b)		  $4,000,000   $3,686,432 
AvalonBay Communities, Inc.
2.05%, due 1/15/32 (c)		   6,000,000    4,542,210 
Bank of America Corporation
2.456% (3-Month Term SOFR+113.161 basis points), due 10/22/25 (c)		   4,000,000    3,844,676 
Boston Properties LP
4.50%, due 12/1/28 (c)		   5,000,000    4,402,510 
Bridge Housing Corporation
3.25%, due 7/15/30 (c)		   4,500,000    3,768,147 
Century Housing Corporation
0.60%, due 2/15/24		   2,500,000    2,464,820 
City of San Francisco CA Public Utilities Commission Water Revenue
2.806%, due 11/1/23		   2,000,000    2,000,000 
European Investment Bank
2.50%, due 10/15/24 (b)		   2,000,000    1,943,488 
European Investment Bank
2.125%, due 4/13/26 (b)		   500,000    466,845 
European Investment Bank
3.75%, due 2/14/33 (b)		   5,000,000    4,545,180 
International Bank for Reconstruction & Development
2.125%, due 3/3/25 (b)		   2,000,000    1,916,044 
International Bank for Reconstruction & Development
4.00%, due 7/25/30 (b)		   4,000,000    3,766,444 
International Finance Corporation
2.125%, due 4/7/26 (b)		   500,000    466,446 
Johnson Controls International plc / Tyco Fire & Security Finance SCA
1.75%, due 9/15/30 (b)(c)		   5,000,000    3,810,195 
Mastercard, Inc.
1.90%, due 3/15/31 (c)		   5,000,000    3,891,575 

 

   PRINCIPAL
AMOUNT		   VALUE 
Green and Sustainability Bonds — (continued)
Nederlandse Waterschapsbank NV
2.375%, due 3/24/26 (b)(d)		  $3,500,000   $3,279,398 
New Jersey Infrastructure Bank
3.00%, due 9/1/31		   2,500,000    2,095,838 
NXP BV / NXP Funding LLC / NXP USA, Inc.
5.00%, due 1/15/33 (b)(c)		   4,500,000    4,021,303 
PNC Financial Services Group, Inc. (The)
2.20%, due 11/1/24 (c)		   5,000,000    4,808,075 
Prologis LP
1.25%, due 10/15/30 (c)		   4,500,000    3,299,841 
Regency Centers LP
3.75%, due 6/15/24 (c)		   2,000,000    1,965,452 
Salesforce, Inc.
1.50%, due 7/15/28 (c)		   6,000,000    5,056,878 
San Francisco Bay Area Rapid Transit District
2.622%, due 8/1/29		   2,000,000    1,712,426 
Starbucks Corporation
2.45%, due 6/15/26 (c)		   4,500,000    4,150,381 
United States International Development Finance Corporation
3.43%, due 6/1/33		   188,332    170,765 
United States International Development Finance Corporation
3.05%, due 6/15/35		   1,191,300    1,028,576 
United States International Development Finance Corporation
2.58%, due 7/15/38		   2,768,500    2,226,137 
Verizon Communications, Inc.
3.875%, due 2/8/29 (c)		   5,000,000    4,543,620 
Visa, Inc.
0.75%, due 8/15/27 (c)		   6,000,000    5,096,814 
Xylem, Inc.
2.25%, due 1/30/31 (c)		   4,500,000    3,486,564 
         99,975,962 

3

 

GREEN CENTURY BALANCED FUND PORTFOLIO OF INVESTMENTS  
October 31, 2023  
(unaudited) continued

 

   PRINCIPAL
AMOUNT		   VALUE 
U.S. Government Agencies — 4.7%
Federal Farm Credit Banks Funding Corporation
2.26%, due 11/13/24		  $500,000   $483,305 
Federal Farm Credit Banks Funding Corporation
1.82%, due 12/18/25		   3,000,000    2,795,472 
Federal Farm Credit Banks Funding Corporation
2.80%, due 11/12/27		   3,000,000    2,758,653 
Federal Farm Credit Banks Funding Corporation
3.875%, due 8/15/28		   4,000,000    3,800,804 
Federal Farm Credit Banks Funding Corporation
1.23%, due 7/29/30 (c)		   5,000,000    3,848,055 
Federal Home Loan Banks
0.75%, due 12/14/23 (c)		   3,000,000    2,983,209 
         16,669,498 
Community Development Financial Institutions — 2.5%
Capital Impact Partners
1.00%, due 9/15/25 (c)		   1,500,000    1,301,840 
Enterprise Community Loan Fund, Inc.
4.152%, due 11/1/28 (c)		   3,000,000    2,707,440 
Local Initiatives Support Corporation
1.00%, due 11/15/25		   2,000,000    1,771,776 
Local Initiatives Support Corporation
3.782%, due 3/1/27 (c)		   2,000,000    1,878,764 
Reinvestment Fund, Inc. (The)
3.78%, due 2/15/26		   1,400,000    1,296,078 
         8,955,898 
Municipal — 1.0%
Commonwealth of Massachusetts
4.11%, due 7/15/31 (c)		   3,766,920    3,619,637 

 

   PRINCIPAL
AMOUNT		   VALUE 
Capital Goods — 0.9%
Trane Technologies Financing Ltd.
3.80%, due 3/21/29 (c)		  $3,500,000   $3,197,625 
           
Equity Real Estate Investment Trusts (REITs) — 0.9%
National Community Renaissance of California
3.27%, due 12/1/32 (c)		   4,000,000    3,097,592 
           
Software & Services — 0.6%
Adobe, Inc.
3.25%, due 2/1/25 (c)		   2,000,000    1,948,016 
           
Media & Entertainment — 0.5%
Alphabet, Inc.
1.998%, due 8/15/26 (c)		   2,000,000    1,838,898 
           
Insurance — 0.3%
Travelers Property Casualty Corporation
7.75%, due 4/15/26		   1,000,000    1,046,582 
           
Healthy Living — 0.1%
Whole Foods Market, Inc.
5.20%, due 12/3/25 (c)(d)		   500,000    493,047 
Total Bonds & Notes          
(Cost $155,904,044)        140,842,755 

4

 

GREEN CENTURY BALANCED FUND PORTFOLIO OF INVESTMENTS  
October 31, 2023  
(unaudited) concluded

 

   VALUE 
SHORT-TERM INVESTMENTS — 0.6%     
UMB Money Market Fiduciary Account, 0.01% (e)
(Cost $2,211,158)		  $2,211,158 
Total Short-term Investments     
(Cost $2,211,158)   2,211,158 
TOTAL INVESTMENTS  — 99.8%     
(Cost $286,255,508)   355,313,563 
Other Assets Less Liabilities — 0.2%   640,877 
NET ASSETS — 100.0%  $355,954,440 

 

 

ADR – American Depository Receipt

PLC – Public Limited Company

REIT – Real Estate Investment Trusts

LP – Limited Partnership

LLC – Limited Liability Company

 

(a)Non-income producing security.

(b)Securities whose value are determined or significantly influenced by trading in markets other than the United States or Canada.

(c)Callable

(d)Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. The total value of these securities is $3,772,445.

(e)The rate quoted is the annualized seven-day yield of the fund at the period end.

5

 

GREEN CENTURY EQUITY FUND PORTFOLIO OF INVESTMENTS

October 31, 2023

(unaudited)

 

COMMON STOCKS — 99.7%
   SHARES   VALUE 
Software & Services — 24.2%
Accenture PLC, Class A (a)   17,067   $5,070,435 
Adobe, Inc. (b)   12,336    6,563,492 
ANSYS, Inc. (b)   2,353    654,746 
Autodesk, Inc. (b)   5,789    1,144,080 
Automatic Data Processing, Inc.   11,168    2,437,081 
Cadence Design Systems, Inc. (b)   7,389    1,772,252 
Cognizant Technology Solutions Corporation, Class A   13,653    880,209 
Fidelity National Information Services, Inc.   16,042    787,823 
Fortinet, Inc. (b)   18,085    1,033,919 
Gen Digital, Inc.   15,691    261,412 
International Business Machines Corporation   24,557    3,551,924 
Intuit, Inc.   7,567    3,745,287 
Microsoft Corporation   191,117    64,618,569 
Okta, Inc., Class A (b)   4,237    285,616 
Oracle Corporation   44,059    4,555,701 
Paycom Software, Inc.   1,419    347,612 
PayPal Holdings, Inc. (b)   28,716    1,487,489 
PTC, Inc. (b)   3,060    429,685 
Salesforce, Inc. (b)   26,355    5,292,875 
ServiceNow, Inc. (b)   5,503    3,201,920 
Splunk, Inc. (b)   4,223    621,457 
Teradata Corporation (b)   2,757    117,779 
Visa, Inc., Class A   43,763    10,288,681 
VMware, Inc., Class A (b)   6,443    938,423 
Western Union Company (The)   10,221    115,395 
Workday, Inc., Class A (b)   5,578    1,180,918 
ZoomInfo Technologies, Inc. (b)   7,133    92,444 
         121,477,224 
Semiconductors & Semiconductor Equipment — 9.9%
Advanced Micro Devices, Inc. (b)   43,565    4,291,153 
Analog Devices, Inc.   13,536    2,129,619 
Applied Materials, Inc.   22,684    3,002,227 
Intel Corporation   112,821    4,117,967 
Lam Research Corporation   3,626    2,132,886 
Microchip Technology, Inc.   14,781    1,053,737 
NVIDIA Corporation   66,819    27,248,788 
NXP Semiconductors NV (a)   7,034    1,212,873 

 

   SHARES   VALUE 
Semiconductors & Semiconductor Equipment — (continued)
ON Semiconductor Corporation (b)   11,697   $732,700 
Skyworks Solutions, Inc.   4,326    375,237 
Texas Instruments, Inc.   24,549    3,486,203 
         49,783,390 
Media & Entertainment — 8.8%
Alphabet, Inc., Class A (b)   160,706    19,940,400 
Alphabet, Inc., Class C (b)   143,005    17,918,526 
Electronic Arts, Inc.   7,024    869,501 
John Wiley & Sons, Inc., Class A   1,277    38,655 
Liberty Global PLC, Series C (a)(b)   6,709    113,785 
New York Times Company (The), Class A   4,076    164,303 
Omnicom Group, Inc.   5,413    405,488 
Scholastic Corporation   769    28,376 
Walt Disney Company (The) (b)   49,379    4,028,833 
Warner Bros Discovery, Inc. (b)   62,534    621,588 
         44,129,455 
Pharmaceuticals, Biotechnology & Life Sciences — 7.2%
AbbVie, Inc.   47,750    6,741,345 
Agilent Technologies, Inc.   7,999    826,857 
Amgen, Inc.   14,460    3,697,422 
Biogen, Inc. (b)   3,923    931,869 
BioMarin Pharmaceutical, Inc. (b)   5,114    416,535 
Bio-Techne Corporation   4,293    234,527 
Bristol-Myers Squibb Company   56,809    2,927,368 
Danaher Corporation   18,960    3,640,699 
Gilead Sciences, Inc.   33,749    2,650,646 
Illumina, Inc. (b)   4,233    463,175 
IQVIA Holdings, Inc. (b)   5,026    908,852 
Jazz Pharmaceuticals PLC (a)(b)   1,733    220,126 
Merck & Company, Inc.   68,675    7,052,923 
Mettler-Toledo International, Inc. (b)   597    588,164 
Vertex Pharmaceuticals, Inc. (b)   6,957    2,519,199 
Waters Corporation (b)   1,606    383,079 

6

 

GREEN CENTURY EQUITY FUND PORTFOLIO OF INVESTMENTS  
October 31, 2023  
(unaudited) continued

 

   SHARES   VALUE 
Pharmaceuticals, Biotechnology & Life Sciences — (continued)
Zoetis, Inc.   12,529   $1,967,053 
         36,169,839 
Financial Services — 6.3%
Ally Financial, Inc.   7,260    175,619 
American Express Company   17,059    2,491,126 
Ameriprise Financial, Inc.   2,805    882,369 
Bank of New York Mellon Corporation (The)   21,087    896,197 
BlackRock, Inc.   4,048    2,478,509 
Charles Schwab Corporation (The)   40,773    2,121,827 
CME Group, Inc.   9,709    2,072,483 
Equitable Holdings, Inc.   9,719    258,234 
FactSet Research Systems, Inc.   1,042    450,029 
Franklin Resources, Inc.   8,159    185,944 
Intercontinental Exchange, Inc.   15,440    1,658,874 
Invesco Ltd.   9,349    121,257 
Mastercard, Inc., Class A   22,907    8,621,049 
Moody’s Corporation   4,476    1,378,608 
Morgan Stanley   33,948    2,404,197 
Nasdaq, Inc.   9,237    458,155 
Northern Trust Corporation   5,679    374,303 
S&P Global, Inc.   8,860    3,094,887 
State Street Corporation   9,067    586,000 
Synchrony Financial   11,683    327,708 
T. Rowe Price Group, Inc.   6,069    549,245 
Voya Financial, Inc.   2,675    178,610 
         31,765,230 
Capital Goods — 6.1%
3M Company   14,960    1,360,612 
A.O. Smith Corporation   3,346    233,417 
AGCO Corporation   1,737    199,164 
Air Lease Corporation, Class A   2,826    97,864 
Allegion PLC (a)   2,393    235,375 
Applied Industrial Technologies, Inc.   1,062    163,028 
Builders FirstSource, Inc. (b)   3,490    378,735 
Carrier Global Corporation   22,624    1,078,260 
Caterpillar, Inc.   13,938    3,150,685 

 

   SHARES   VALUE 
Capital Goods — (continued)
Cummins, Inc.   3,832   $828,862 
Deere & Company   7,523    2,748,603 
Dover Corporation   3,807    494,720 
Eaton Corporation PLC   10,770    2,239,191 
EMCOR Group, Inc.   1,293    267,198 
Fastenal Company   15,539    906,545 
Ferguson PLC (a)   5,505    826,851 
Flowserve Corporation   3,593    131,935 
Fortive Corporation   9,546    623,163 
Fortune Brands Innovations, Inc.   3,360    187,488 
Graco, Inc.   4,571    339,854 
Granite Construction, Inc.   1,169    47,321 
IDEX Corporation   2,056    393,539 
Illinois Tool Works, Inc.   8,201    1,838,008 
Lennox International, Inc.   870    322,370 
Lincoln Electric Holdings, Inc.   1,549    270,765 
Masco Corporation   6,139    319,780 
Middleby Corporation (The) (b)   1,459    164,677 
Owens Corning   2,454    278,210 
PACCAR, Inc.   14,142    1,167,139 
Parker-Hannifin Corporation   3,472    1,280,856 
Pentair PLC (a)   4,421    256,949 
Quanta Services, Inc.   3,898    651,434 
Rockwell Automation, Inc.   3,109    817,076 
Roper Technologies, Inc.   2,889    1,411,479 
Sensata Technologies Holding NV   4,137    131,888 
Snap-on, Inc.   1,426    367,822 
Stanley Black & Decker, Inc.   4,175    355,084 
Tennant Company   470    34,883 
Timken Company (The)   1,770    122,342 
Trane Technologies PLC   6,149    1,170,216 
United Rentals, Inc.   1,858    754,850 
W.W. Grainger, Inc.   1,220    890,393 
Westinghouse Air Brake Technologies Corporation   4,899    519,392 
Xylem, Inc.   6,509    608,852 
         30,666,875 
Food & Beverage — 4.3%
Archer-Daniels-Midland Company   14,760    1,056,373 
Bunge Global SA   4,101    434,624 

7

 

GREEN CENTURY EQUITY FUND PORTFOLIO OF INVESTMENTS  
October 31, 2023  
(unaudited) continued

 

   SHARES   VALUE 
Food & Beverage — (continued)
Campbell Soup Company   5,257   $212,435 
Coca-Cola Company (The)   111,180    6,280,558 
Conagra Brands, Inc.   12,838    351,248 
Darling Ingredients, Inc. (b)   4,303    190,580 
General Mills, Inc.   15,846    1,033,793 
Hormel Foods Corporation   8,190    266,585 
Ingredion, Inc.   1,756    164,327 
JM Smucker Company (The)   2,780    316,475 
Kellanova   7,428    374,891 
Keurig Dr Pepper, Inc.   24,677    748,453 
Kraft Heinz Company (The)   23,258    731,697 
Lamb Weston Holdings, Inc.   3,971    356,596 
McCormick & Company, Inc.   6,716    429,152 
Mondelez International, Inc., Class A   36,772    2,434,674 
PepsiCo, Inc.   37,252    6,082,507 
         21,464,968 
Healthcare Equipment & Services — 3.6%
Align Technology, Inc. (b)   1,976    364,750 
Becton, Dickinson & Company   7,665    1,937,559 
Cardinal Health, Inc.   6,843    622,713 
Cencora, Inc.   4,646    860,207 
Centene Corporation (b)   14,790    1,020,214 
Cigna Group (The)   7,989    2,470,199 
Cooper Cos., Inc. (The)   1,346    419,615 
DaVita, Inc. (b)   1,463    112,987 
DENTSPLY SIRONA, Inc.   5,694    173,154 
DexCom, Inc. (b)   10,497    932,448 
Edwards Lifesciences Corporation (b)   16,453    1,048,385 
HCA Healthcare, Inc.   5,597    1,265,706 
Henry Schein, Inc. (b)   3,561    231,394 
Hologic, Inc. (b)   6,696    443,074 
Humana, Inc.   3,387    1,773,738 
IDEXX Laboratories, Inc. (b)   2,247    897,609 
Insulet Corporation (b)   1,894    251,088 
Laboratory Corporation of America Holdings   2,401    479,552 
Patterson Companies, Inc.   2,363    71,977 
Pediatrix Medical Group, Inc. (b)   2,034    23,310 
Quest Diagnostics, Inc.   3,036    394,984 
ResMed, Inc.   3,939    556,266 

 

   SHARES   VALUE 
Healthcare Equipment & Services — (continued)
Select Medical Holdings Corporation   2,929   $66,576 
STERIS PLC   2,669    560,437 
Teladoc Health, Inc. (b)   4,537    75,042 
West Pharmaceutical Services, Inc.   2,017    641,991 
Zimmer Biomet Holdings, Inc.   5,647    589,603 
         18,284,578 
Consumer Discretionary Distribution & Retail — 3.6%
AutoNation, Inc. (b)   807    104,975 
Best Buy Company, Inc.   5,354    357,754 
Booking Holdings, Inc. (b)   998    2,783,981 
Buckle, Inc. (The)   812    27,421 
CarMax, Inc. (b)   4,312    263,420 
Foot Locker, Inc.   2,249    47,207 
GameStop Corporation, Class A (b)   7,479    102,986 
Gap, Inc. (The)   6,046    77,389 
Home Depot, Inc. (The)   27,212    7,746,984 
Kohl’s Corporation   3,019    68,078 
LKQ Corporation   7,289    320,133 
Lowe’s Companies, Inc.   15,828    3,016,342 
Nordstrom, Inc.   2,838    39,675 
ODP Corporation (The) (b)   934    41,955 
Pool Corporation   1,055    333,137 
Signet Jewelers Ltd.   1,184    82,679 
Target Corporation   12,498    1,384,653 
Tractor Supply Company   2,942    566,512 
Ulta Beauty, Inc. (b)   1,335    509,049 
         17,874,330 
Renewable Energy & Energy Efficiency — 3.4%
Acuity Brands, Inc.   847    137,188 
First Solar, Inc. (b)   2,751    391,880 
Itron, Inc. (b)   1,270    72,746 
Johnson Controls International, PLC   18,584    910,988 
Ormat Technologies, Inc.   1,435    88,310 
Tesla, Inc. (b)   77,158    15,496,413 
         17,097,525 

8

 

GREEN CENTURY EQUITY FUND PORTFOLIO OF INVESTMENTS  
October 31, 2023  
(unaudited) continued

 

   SHARES   VALUE 
Insurance — 3.3%
Allstate Corporation (The)   7,078   $906,904 
Arthur J. Gallagher & Company   5,801    1,366,077 
Chubb Ltd. (a)   11,193    2,402,242 
Elevance Health, Inc.   6,403    2,881,926 
Hartford Financial Services Group, Inc. (The)   8,411    617,788 
Lincoln National Corporation   4,497    97,900 
Loews Corporation   5,240    335,412 
Marsh & McLennan Companies, Inc.   13,412    2,543,586 
Principal Financial Group, Inc.   6,613    447,568 
Progressive Corporation (The)   15,826    2,501,932 
Prudential Financial, Inc.   9,879    903,336 
Travelers Companies, Inc. (The)   6,251    1,046,667 
Willis Towers Watson PLC (a)   2,858    674,174 
         16,725,512 
Equity Real Estate Investment Trusts (REITs) — 2.9%
American Tower Corporation REIT   12,581    2,241,808 
Anywhere Real Estate, Inc. (b)   2,748    12,833 
AvalonBay Communities, Inc. REIT   3,866    640,751 
Boston Properties, Inc. REIT   4,061    217,548 
CBRE Group, Inc., Class A (b)   8,336    578,018 
COPT Defense Properties REIT   3,017    68,788 
Digital Realty Trust, Inc. REIT   7,848    975,977 
Equinix, Inc. REIT   2,535    1,849,638 
Equity Residential REIT   9,782    541,238 
Federal Realty Investment Trust REIT   1,948    177,638 
Healthpeak Properties, Inc. REIT   14,844    230,824 
Host Hotels & Resorts, Inc. REIT   19,367    299,801 
Iron Mountain, Inc. REIT   7,939    468,957 
Jones Lang LaSalle, Inc. (b)   1,273    162,842 
Macerich Company (The) REIT   5,877    57,125 
PotlatchDeltic Corporation REIT   2,160    92,556 
Prologis, Inc. REIT   24,961    2,514,821 
SBA Communications Corporation, Class A REIT   2,924    610,034 
Simon Property Group, Inc. REIT   8,846    972,087 
UDR, Inc. REIT   8,521    271,053 

 

   SHARES   VALUE 
Equity Real Estate Investment Trusts (REITs) — (continued)
Ventas, Inc. REIT   10,894   $462,559 
Welltower, Inc. REIT   13,448    1,124,387 
         14,571,283 
Household & Personal Products — 2.7%
Clorox Company (The)   3,346    393,824 
Colgate-Palmolive Company   21,275    1,598,178 
Estee Lauder Companies, Inc. (The), Class A   6,279    809,175 
Kimberly-Clark Corporation   9,162    1,096,142 
Procter & Gamble Company (The)   63,769    9,567,263 
         13,464,582 
Materials — 2.5%
Albemarle Corporation   3,178    402,907 
Amcor PLC (a)   39,805    353,866 
Avery Dennison Corporation   2,189    381,039 
Axalta Coating Systems Ltd. (b)   5,952    156,121 
Ball Corporation   8,406    404,749 
Compass Minerals International, Inc.   974    23,999 
Ecolab, Inc.   6,933    1,162,941 
H.B. Fuller Company   1,487    98,365 
International Flavors & Fragrances, Inc.   6,829    466,762 
Linde PLC (a)   13,247    5,062,473 
Minerals Technologies, Inc.   928    50,168 
Mosaic Company (The)   9,056    294,139 
Newmont Corporation   31,191    1,168,727 
PPG Industries, Inc.   6,389    784,377 
Schnitzer Steel Industries, Inc., Class A   743    16,874 
Sealed Air Corporation   3,907    120,297 
Sherwin-Williams Company (The)   6,637    1,581,000 
Sonoco Products Company   2,649    137,245 
         12,666,049 

9

 

GREEN CENTURY EQUITY FUND PORTFOLIO OF INVESTMENTS  
October 31, 2023  
(unaudited) continued

 

   SHARES   VALUE 
Consumer Services — 2.5%
Aramark   6,750   $181,777 
Choice Hotels International, Inc.   894    98,787 
Darden Restaurants, Inc.   3,244    472,099 
Domino’s Pizza, Inc.   962    326,108 
Hilton Worldwide Holdings, Inc.   7,154    1,084,046 
Jack in the Box, Inc.   538    33,991 
Marriott International, Inc., Class A   6,982    1,316,526 
McDonald’s Corporation   19,754    5,178,906 
Royal Caribbean Cruises Ltd. (b)   6,271    531,342 
Starbucks Corporation   30,965    2,856,212 
Vail Resorts, Inc.   1,104    234,324 
         12,314,118 
Technology Hardware & Equipment — 2.4%
Cisco Systems, Inc.   110,274    5,748,584 
Cognex Corporation   4,698    169,081 
CommScope Holding Company, Inc. (b)   5,878    8,699 
Corning, Inc.   21,790    583,100 
Dell Technologies, Inc., Class C   6,970    466,363 
F5, Inc. (b)   1,646    249,517 
Flex Ltd. (b)   12,071    310,466 
Hewlett Packard Enterprise Company   35,183    541,114 
HP, Inc.   24,117    635,001 
Keysight Technologies, Inc. (b)   4,785    584,009 
Motorola Solutions, Inc.   4,546    1,265,879 
TE Connectivity Ltd. (a)   8,516    1,003,611 
Trimble, Inc. (b)   6,743    317,798 
Xerox Holdings Corporation   3,132    40,215 
Zebra Technologies Corporation, Class A (b)   1,400    293,202 
         12,216,639 
Transportation — 1.9%
ArcBest Corporation   653    71,099 
Avis Budget Group, Inc. (b)   604    98,331 
C.H. Robinson Worldwide, Inc.   3,170    259,401 
CSX Corporation   55,309    1,650,974 
Delta Air Lines, Inc.   4,374    136,687 

 

   SHARES   VALUE 
Transportation — (continued)
Expeditors International of Washington, Inc.   4,108   $448,799 
J.B. Hunt Transport Services, Inc.   2,256    387,739 
Ryder System, Inc.   1,253    122,217 
Southwest Airlines Company   4,118    91,543 
U-Haul Holding Company   2,684    126,712 
Union Pacific Corporation   16,488    3,423,074 
United Parcel Service, Inc., Class B   19,574    2,764,827 
         9,581,403 
Consumer Durables & Apparel — 1.2%
Capri Holdings Ltd. (a)(b)   3,197    163,622 
Columbia Sportswear Company   939    69,298 
Deckers Outdoor Corporation (b)   712    425,107 
Ethan Allen Interiors, Inc.   675    17,725 
Garmin Ltd. (a)   4,169    427,448 
Hanesbrands, Inc.   9,572    40,107 
Hasbro, Inc.   3,588    161,998 
La-Z-Boy, Inc.   1,082    31,638 
Mattel, Inc. (b)   9,643    183,988 
Meritage Homes Corporation   1,003    114,362 
Mohawk Industries, Inc. (b)   1,461    117,435 
Newell Brands, Inc.   10,571    71,037 
NIKE, Inc., Class B   33,322    3,424,502 
PVH Corporation   1,720    127,882 
Topgolf Callaway Brands Corporation (b)   4,066    49,687 
Under Armour, Inc., Class A (b)   5,256    36,004 
Under Armour, Inc., Class C (b)   5,382    34,606 
VF Corporation   8,973    132,172 
Whirlpool Corporation   1,496    156,422 
Wolverine World Wide, Inc.   2,254    18,145 
         5,803,185 
Banks — 0.9%
Bank of Hawaii Corporation   1,083    53,489 
Cathay General Bancorp   1,866    63,276 
Citizens Financial Group, Inc.   13,185    308,925 
Comerica, Inc.   3,589    141,407 
Huntington Bancshares, Inc.   39,332    379,554 

10

 

GREEN CENTURY EQUITY FUND PORTFOLIO OF INVESTMENTS  
October 31, 2023  
(unaudited) continued

 

   SHARES   VALUE 
Banks — (continued)
International Bancshares Corporation   1,478   $64,781 
KeyCorp   25,488    260,487 
M&T Bank Corporation   4,479    505,007 
Old National Bancorp   8,005    109,668 
PNC Financial Services Group, Inc. (The)   10,815    1,237,993 
Regions Financial Corporation   25,486    370,312 
Truist Financial Corporation   36,040    1,022,094 
Zions Bancorp NA   3,986    122,968 
         4,639,961 
Telecommunication Services — 0.8%
Lumen Technologies Inc.   26,155    38,186 
Verizon Communications, Inc.   113,714    3,994,773 
         4,032,959 
Commercial & Professional Services — 0.4%
ACCO Brands Corporation   2,536    12,832 
ASGN, Inc. (b)   1,322    110,334 
Copart, Inc. (b)   23,274    1,012,885 
Deluxe Corporation   1,187    20,238 
Exponent, Inc.   1,400    102,606 
Heidrick & Struggles International, Inc.   461    11,221 
HNI Corporation   1,309    45,409 
ICF International, Inc.   504    63,872 
Interface, Inc.   1,373    12,206 
Kelly Services, Inc., Class A   788    14,066 
ManpowerGroup, Inc.   1,367    95,649 
Resources Connection, Inc.   827    11,140 
Robert Half International, Inc.   2,860    213,842 
Steelcase, Inc., Class A   2,253    24,580 
Tetra Tech, Inc.   1,451    218,970 
TransUnion   5,266    231,072 
TrueBlue, Inc. (b)   927    10,262 
         2,211,184 
Consumer Staples Distribution & Retail — 0.3%
Kroger Co. (The)   18,524    840,434 

 

   SHARES   VALUE 
Consumer Staples Distribution & Retail — (continued)
Sysco Corporation   13,689   $910,182 
         1,750,616 
Automobiles & Components — 0.3%
Aptiv PLC (b)   7,650    667,080 
Autoliv, Inc. (a)   2,205    202,088 
BorgWarner, Inc.   6,429    237,230 
Harley-Davidson, Inc.   3,736    100,312 
Rivian Automotive, Inc., Class A (b)   17,765    288,148 
         1,494,858 
Utilities — 0.2%
American Water Works Company, Inc.   5,224    614,604 
Essential Utilities, Inc.   6,839    228,833 
         843,437 
Healthy Living — 0.0%
Hain Celestial Group, Inc. (The) (b)   2,434    26,896 
United Natural Foods, Inc. (b)   1,633    23,809 
         50,705 
Total Common Stocks          
(Cost $252,587,433)        501,079,905 
           
SHORT-TERM INVESTMENTS — 0.2%
UMB Money Market Fiduciary Account, 0.01% (c)
(Cost $1,116,466)		        1,116,466 
Total Short-term Investments          
(Cost $1,116,466)        1,116,466 
TOTAL INVESTMENTS  — 99.9%
(Cost $253,703,899)        502,196,371 
Other Assets Less Liabilities — 0.1%        282,388 
NET ASSETS — 100.0%       $502,478,759 

11

 

GREEN CENTURY EQUITY FUND PORTFOLIO OF INVESTMENTS  
October 31, 2023  
(unaudited) concluded

 

 

PLC – Public Limited Company

REIT – Real Estate Investment Trusts

 

(a)Securities whose value are determined or significantly influenced by trading in markets other than the United States or Canada.
(b)Non-income producing security.
(c)The rate quoted is the annualized seven-day yield of the fund at the period end.

12

 

GREEN CENTURY MSCI INTERNATIONAL INDEX FUND PORTFOLIO OF INVESTMENTS

October 31, 2023

(unaudited)

 

COMMON STOCKS — 98.9%
   SHARES   VALUE 
Japan — 22.9%
Advantest Corporation   33,500   $862,914 
Aeon Company, Ltd.   28,300    595,422 
Ajinomoto Company, Inc.   19,800    723,149 
ANA Holdings, Inc. (a)   7,000    137,423 
Asahi Kasei Corporation   54,200    333,210 
Astellas Pharma, Inc.   78,400    991,750 
Azbil Corporation   5,000    147,743 
Bridgestone Corporation   25,000    946,130 
Brother Industries Ltd.   10,500    163,803 
Daikin Industries Ltd.   11,500    1,658,058 
Daiwa Securities Group, Inc.   58,300    336,185 
FANUC Corporation   41,500    1,029,881 
Fuji Electric Company Ltd.   5,500    209,410 
Fujitsu Ltd.   7,600    984,561 
Hankyu Hanshin Holdings, Inc.   9,900    311,490 
Hitachi Ltd.   40,800    2,586,174 
Hoya Corporation   15,400    1,482,537 
Ibiden Company Ltd.   4,900    208,919 
Itochu Techno-Solutions Corporation   300    8,605 
KDDI Corp.   65,100    1,947,450 
Kikkoman Corporation   6,000    341,369 
Kubota Corporation   44,100    593,112 
Kyowa Kirin Company Ltd.   11,800    185,075 
Lixil Corporation   13,000    142,546 
LY Corporation   118,500    302,114 
MatsukiyoCocokara & Company   15,000    263,127 
Mitsubishi Chemical Group Corporation   55,000    311,223 
Mitsui Chemicals, Inc.   7,300    183,993 
NEC Corporation   10,800    520,027 
Nitto Denko Corporation   6,100    394,705 
Nomura Research Institute Ltd.   16,700    438,374 
Omron Corporation   7,500    268,704 
Ono Pharmaceutical Company Ltd.   17,200    297,035 
Oriental Land Company Ltd.   47,600    1,539,639 
Rakuten Group, Inc.   64,900    240,060 
Renesas Electronics Corporation (a)   55,200    725,086 
Secom Company Ltd.   9,200    638,985 
Seiko Epson Corporation   12,700    176,316 
SG Holdings Company Ltd.   14,100    199,862 

 

   SHARES   VALUE 
Japan — (continued)
SoftBank Corporation   124,700   $1,409,967 
Sompo Holdings, Inc.   12,900    558,828 
Sony Group Corporation   54,900    4,564,325 
Sumitomo Chemical Company, Ltd.   60,400    153,522 
Sumitomo Metal Mining Company, Ltd.   10,700    300,584 
Sumitomo Mitsui Financial Group, Inc.   55,100    2,656,260 
Sysmex Corporation   7,300    349,690 
T&D Holdings, Inc.   21,900    390,679 
TDK Corporation   16,800    628,576 
TIS, Inc.   9,400    201,300 
Tobu Railway Company Ltd.   8,400    202,183 
Tokio Marine Holdings, Inc.   78,400    1,753,983 
Toray Industries, Inc.   59,800    289,303 
Unicharm Corporation   17,600    598,028 
Yamaha Corporation   6,200    165,602 
Yamaha Motor Company Ltd.   13,000    317,679 
Yamato Holdings Company Ltd.   11,400    189,879 
Yaskawa Electric Corporation   10,400    340,425 
ZOZO, Inc.   6,100    115,990 
         38,612,969 
Canada — 10.6%
Agnico Eagle Mines Ltd.   21,369    1,002,192 
Bank of Nova Scotia (The)   51,878    2,100,483 
Brookfield Renewable Corporation, Class A   5,779    131,473 
Canadian Apartment Properties REIT   3,687    108,526 
Dollarama, Inc.   12,270    837,878 
Gildan Activewear, Inc.   7,702    218,764 
Intact Financial Corporation   7,581    1,065,101 
Metro, Inc.   10,074    511,691 
National Bank of Canada   14,676    912,435 
Nutrien Ltd.   21,470    1,153,076 
Open Text Corporation   11,817    394,525 
RB Global, Inc.   7,952    520,366 
RioCan Real Estate Investment Trust REIT   5,932    72,075 
Saputo, Inc.   11,423    230,634 
Shopify, Inc. (a)   52,214    2,465,745 

13

 

GREEN CENTURY MSCI INTERNATIONAL INDEX FUND PORTFOLIO OF INVESTMENTS
October 31, 2023  
(unaudited) continued

 

   SHARES   VALUE 
Canada — (continued)
Sun Life Financial, Inc.   25,407   $1,160,426 
TELUS Corporation   21,200    341,817 
Toronto-Dominion Bank (The)   80,199    4,479,532 
West Fraser Timber Company Ltd.   2,527    170,538 
         17,877,277 
France — 10.5%
Aeroports de Paris   1,252    140,597 
AXA SA   80,089    2,373,044 
BioMerieux   1,749    167,924 
Cie Generale des Etablissements Michelin SCA   29,315    870,895 
Credit Agricole SA   53,032    640,351 
Danone SA   28,047    1,668,510 
Dassault Systemes SE   29,159    1,201,147 
Hermes International   1,382    2,578,545 
L’Oreal SA   10,494    4,410,905 
Schneider Electric SE   23,747    3,653,611 
Valeo SA   8,656    114,372 
         17,819,901 
United Kingdom — 9.5%
3i Group PLC   42,202    995,069 
abrdn PLC   83,493    159,405 
Admiral Group PLC   9,090    270,102 
Auto Trader Group PLC (b)   39,704    300,345 
Barratt Developments PLC   42,676    215,232 
Berkeley Group Holdings PLC   4,590    225,640 
BT Group PLC   281,397    386,506 
Burberry Group PLC   16,261    335,156 
Croda International PLC   6,286    335,036 
Informa PLC   61,286    531,036 
InterContinental Hotels Group PLC   7,319    518,669 
Intertek Group PLC   7,197    335,207 
Johnson Matthey PLC   8,003    145,496 
Kingfisher PLC   82,751    211,318 
Legal & General Group PLC   260,504    671,225 
Mondi PLC   21,342    345,236 
Pearson PLC   27,576    319,227 
Phoenix Group Holdings PLC   32,241    178,103 

 

   SHARES   VALUE 
United Kingdom — (continued)
RELX PLC   82,163   $2,869,903 
Sage Group PLC (The)   45,052    532,262 
Schroders PLC   36,232    163,161 
Segro PLC REIT   50,789    441,488 
St. James’s Place PLC   23,347    182,017 
Taylor Wimpey PLC   150,983    203,929 
Unilever PLC   109,441    5,183,462 
         16,054,230 
Netherlands — 8.5%
Akzo Nobel NV   7,456    500,178 
ASML Holding NV   13,517    8,125,260 
CNH Industrial NV   44,464    492,746 
Prosus NV (a)   66,388    1,856,560 
STMicroelectronics NV   29,816    1,136,576 
Universal Music Group NV   35,502    869,395 
Wolters Kluwer NV   11,163    1,432,265 
         14,412,980 
Denmark — 8.0%
Coloplast A/S, Class B   5,953    620,800 
Demant A/S (a)   4,327    165,115 
DSV A/S   8,132    1,215,245 
Genmab A/S (a)   2,859    808,185 
Novo Nordisk A/S, Class B   95,800    9,242,357 
Pandora A/S   3,720    421,922 
ROCKWOOL A/S B Shares   403    89,676 
Vestas Wind Systems A/S (a)   44,111    956,090 
         13,519,390 
Switzerland — 6.9%
Banque Cantonale Vaudoise   1,251    141,398 
DSM-Firmenich AG   8,068    731,403 
Givaudan SA   403    1,341,321 
Julius Baer Group Ltd.   8,973    531,726 
Kuehne + Nagel International AG   2,357    635,563 
Logitech International SA   7,175    564,723 
Lonza Group AG   3,225    1,129,346 
SGS SA   6,578    537,200 
SIG Group AG (a)   13,163    290,185 
Sonova Holding AG   2,271    538,228 

14

 

GREEN CENTURY MSCI INTERNATIONAL INDEX FUND PORTFOLIO OF INVESTMENTS
October 31, 2023  
(unaudited) continued

 

   SHARES   VALUE 
Switzerland — (continued)
Swiss Re AG   13,065   $1,427,440 
Temenos AG   2,687    193,576 
VAT Group AG (b)   1,173    415,946 
Zurich Insurance Group AG   6,553    3,112,455 
         11,590,510 
Germany — 6.0%
adidas AG   7,043    1,252,287 
Deutsche Boerse AG   8,251    1,358,071 
DHL Group   43,057    1,681,077 
GEA Group AG   6,853    234,373 
Henkel AG & Company KGaA   4,508    284,905 
Henkel AG & Company KGaA (c)   7,273    524,633 
LEG Immobilien SE (a)   3,254    203,411 
Merck KGaA   5,650    853,358 
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen   5,967    2,394,580 
Puma SE   4,556    258,177 
Telefonica Deutschland Holding AG   39,731    67,544 
Vonovia SE   31,808    732,281 
Zalando SE (a)(b)   9,821    229,715 
         10,074,412 
Australia — 4.3%
ASX Ltd.   8,302    296,614 
Brambles Ltd.   60,565    505,467 
Cochlear Ltd.   2,891    443,120 
Coles Group Ltd.   58,436    567,167 
Computershare Ltd.   24,706    389,913 
Dexus REIT   45,797    189,152 
GPT Group (The) REIT   82,602    190,633 
IGO Ltd.   29,003    175,626 
Lendlease Corporation Ltd.   31,924    126,437 
Mineral Resources Ltd.   7,504    276,580 
Mirvac Group REIT   170,615    197,954 
Northern Star Resources Ltd.   49,922    365,573 
Orica Ltd.   19,389    181,171 
Pilbara Minerals Ltd.   116,102    272,726 
QBE Insurance Group Ltd.   65,066    645,208 

 

   SHARES   VALUE 
Australia — (continued)
Scentre Group REIT   231,515   $358,669 
Sonic Healthcare Ltd.   19,369    354,671 
Stockland REIT   102,932    232,315 
Suncorp Group Ltd.   55,318    470,852 
Transurban Group   133,516    1,005,181 
         7,245,029 
Hong Kong — 3.4%
AIA Group Ltd.   502,400    4,362,719 
BOC Hong Kong Holdings Ltd.   161,500    427,091 
Hang Seng Bank Ltd.   33,217    379,770 
MTR Corporation Ltd.   68,167    254,819 
Sino Land Company Ltd.   162,000    161,729 
Swire Pacific Ltd. A Shares   18,500    118,174 
Swire Properties Ltd.   50,000    96,810 
         5,801,112 
Ireland — 1.6%
CRH PLC   31,455    1,688,174 
James Hardie Industries PLC (a)   19,118    476,989 
Kerry Group PLC, Class A   6,954    537,148 
         2,702,311 
Sweden — 1.4%
Beijer Ref AB   16,766    159,383 
Boliden AB   12,344    316,414 
Essity AB, Class B   26,527    604,863 
Svenska Cellulosa AB SCA, Class B   26,068    357,690 
Svenska Handelsbanken AB A Shares   63,762    543,613 
Tele2 AB B Shares   23,603    167,619 
Telia Company AB   101,114    214,355 
         2,363,937 
Italy — 1.4%
Amplifon SpA   5,416    153,073 
Assicurazioni Generali SpA   44,349    880,922 
FinecoBank Banca Fineco SpA   26,292    310,155 

15

 

GREEN CENTURY MSCI INTERNATIONAL INDEX FUND PORTFOLIO OF INVESTMENTS
October 31, 2023  
(unaudited) concluded

 

   SHARES   VALUE 
Italy — (continued)
Mediobanca Banca di Credito Finanziario SpA   23,814   $284,465 
Moncler SpA   8,976    466,183 
Poste Italiane SpA (b)   22,894    226,653 
         2,321,451 
Finland — 1.2%
Elisa Oyj   6,138    260,302 
Kesko Oyj B Shares   11,736    198,471 
Metso OYJ   28,710    252,943 
Nokia Oyj   232,545    774,527 
Stora Enso Oyj R Shares   25,120    301,900 
Wartsila OYJ Abp   20,038    239,120 
         2,027,263 
Spain — 0.8%
ACS Actividades de Construccion y Servicios SA   9,456    341,963 
Amadeus IT Group SA   19,566    1,116,676 
         1,458,639 
Norway — 0.8%
DNB Bank ASA   40,059    722,735 
Gjensidige Forsikring ASA   9,141    137,085 
Orkla ASA   32,833    226,300 
Telenor ASA   29,933    305,986 
         1,392,106 
Belgium — 0.5%
KBC Group NV   10,903    600,038 
Umicore SA   8,965    213,301 
         813,339 
Singapore — 0.4%
CapitaLand Integrated Commercial Trust REIT   233,900    300,609 
CapitaLand Investment Ltd.   112,111    240,713 
City Developments Ltd.   22,000    101,543 
         642,865 

 

   SHARES   VALUE 
New Zealand — 0.2%
EBOS Group Ltd.   6,476   $132,206 
Meridian Energy Ltd.   55,922    157,500 
         289,706 
Total Common Stocks          
(Cost $166,743,590)        167,019,427 
           
SHORT-TERM INVESTMENTS — 0.2%
UMB Money Market Fiduciary Account, 0.01% (d)
(Cost $323,144)		        323,144 
Total Short-term Investments          
(Cost $323,144)        323,144 
TOTAL INVESTMENTS  — 99.1%
(Cost $167,066,734)        167,342,571 
Other Assets Less Liabilities — 0.9%        1,466,124 
NET ASSETS — 100.0%       $168,808,695 

 

REIT – Real Estate Investment Trusts

PLC – Public Limited Company

 

(a)Non-income producing security.
(b)Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. The total value of these securities is $1,172,659.
(c)Preference shares.
(d)The rate quoted is the annualized seven-day yield of the fund at the period end.

16