For basic retail investors, there are a lot of mutual fund options for green. We at Smug have steadily been analyzing some of them, at least in a superficial way (and in some more in depth ways), but with so many coming out, it makes sense to review them all in one place. Smug has created a basic scoring system that incorporates a combination of historical returns, risk measures (alpha, beta, R-squared, etc.), expense ratios, and front/back end load. It penalizes the youngest funds for the most part, but avoids overweighting funds simply for longevity. It's a good place to start if you don't know what you're looking for, and it combines some of our favorite green and socially responsible investments.
The first report card is below. If there are funds that you know of that don't appear, feel free to comment and let me know, we're more than happy to assess every green based asset.
| Ticker | Fund | Score | YTD | 1 Month | 3 Month | 1 Year | 3 Year | 5 Year | Expense |
| PAXHX | Pax World High Yield A | 12 | 1.67% | 0.82% | 3.17% | 1.70% | 7.07% | 7.43% | 1.00% |
| NALFX | New Alternatives Fund A | 6 | -3.35% | 4.30% | 14.45% | 5.00% | 22.46% | 19.82% | 0.95% |
| TICRX | TIAA CREF Social Choice Equity | 6 | -2.05% | 2.43% | 7.02% | -6.31% | N/A | N/A | 0.21% |
| AECOX | Allianz RCM Global EcoTrends Fund A | 5 | -8.00% | 4.39% | 15.50% | 22.77% | N/A | N/A | % |
| SPEGX | Spectra Green Fund | 4.5 | -9.53% | 0.73% | 3.74% | 2.07% | 15.93% | 13.55% | 1.24% |
| PARWX | Parnassus Workplace Fund | 3 | 3.39% | 3.41% | 11.07% | 1.45% | 8.69% | N/A | 1.20% |
| VFTSX | Vanguard FTSE Social Index Fund | 3 | -4.97% | 1.81% | 6.18% | -13.80% | 3.97% | 6.62% | 0.24% |
| CGAEX | Calvert Global Alternative Energy Fund | 2 | -5.95% | 4.62% | 16.73% | 22.33% | N/A | N/A | 1.85% |
| PORTX | Portfolio 21 Fund A | 2 | -1.95% | 2.95% | 6.06% | -4.21% | 14.16% | 15.21% | 1.50% |
| SMCNX | SAM Sustainable Climate Fund | 2 | -2.66% | 5.56% | 13.30% | N/A | N/A | N/A | % |
| CSIBX | Calvert Social Investment Fund Bond | 1 | -0.15% | -0.19% | -0.99% | 5.12% | 4.04% | 4.66% | 1.11% |
| WGGFX | Winslow Green Growth A | 0.5 | -16.99% | 6.23% | 6.75% | -6.68% | 12.42% | 15.85% | 1.45% |
| ARFFX | Ariel Focus Fund | 0 | 0.64% | 0.82% | 6.05% | -7.66% | N/A | N/A | 1.25% |
| DUPFX | Domini European PacAsia Social Equity A | 0 | -4.84% | 0.86% | 4.78% | -10.28% | N/A | N/A | 1.58% |
| DEUFX | Domini European Social Equity A | 0 | -5.78% | 0.33% | 4.53% | -13.72% | N/A | N/A | 1.60% |
| DPAFX | Domini PacAsia Social Equity A | 0 | -3.47% | -0.10% | 4.71% | -2.14% | N/A | N/A | 1.59% |
| DSEFX | Domini Social Equity A | 0 | -3.24% | 1.47% | 8.05% | -10.56% | 5.07% | 7.35% | 1.08% |
| GAAEX | Guiness Atkinson Alternative Energy A | 0 | -7.45% | 2.87% | 13.51% | 4.25% | N/A | N/A | 1.64% |
| PGRNX | Paw World Global Green Fund | 0 | N/A | 4.40% | N/A | N/A | N/A | N/A | % |
| PXINX | Pax World International Fund | 0 | N/A | 2.68% | N/A | N/A | N/A | N/A | % |
| PXWEX | Pax World Women's Equity A | 0 | -2.41% | 2.09% | 6.28% | 1.22% | 6.39% | 8.45% | 1.29% |
| SMWNX | SAM Sustainable Water Fund | 0 | -1.11% | 4.48% | 6.99% | N/A | N/A | N/A | % |
| WGSLX | Winslow Green Solutions A | 0 | -8.88% | 3.81% | 8.66% | N/A | N/A | N/A | 1.45% |
| MPIAX | MMA Praxis International Fund | -1 | -4.34% | 1.37% | 5.13% | -1.12% | 14.38% | 15.79% | 1.72% |
| GCBLX | Green Century Balanced Fund | -1 | -4.05% | 0.93% | 2.73% | -5.14% | 4.60% | 8.11% | 1.44% |
| GCEQX | Green Century Equity Fund | -1 | -4.64% | 1.57% | 5.87% | -8.68% | 4.73% | 6.93% | 0.95% |
| CSXAX | Calvert Social Index Fund | -2 | -5.17% | 1.49% | 5.94% | -9.13% | 4.87% | 6.89% | 0.75% |
| CSIEX | Calvert Social Investment Fund Equity | -2 | -0.93% | 2.38% | 7.72% | 2.77% | 7.79% | 8.51% | 1.21% |
| CWVGX | Calvert World Values International Equity Fund | -2 | -1.62% | 1.86% | 8.50% | -8.24% | 13.61% | 15.15% | 1.60% |
| MYPVX | Citizen's Sustainable Core Opprotunity Fund | -2 | -7.22% | 1.69% | 3.27% | -10.04% | 6.95% | 10.16% | 1.29% |
| CSIFX | Calvert Social Investment Fund Balanced | -3 | -2.29% | 1.07% | 2.89% | -3.65% | 4.49% | 6.22% | 1.19% |
| CAAPX | Ariel Appreciation Fund | -3 | -3.60% | 1.94% | 4.66% | -14.83% | 3.40% | 7.91% | 1.12% |
| DSBFX | Domini Social Bond Fund | -4 | 0.76% | -0.70% | -1.77% | 5.81% | 3.42% | 2.66% | 0.95% |
| SCFSX | Sierra Club Stock Fund | -4 | -4.75% | 1.88% | 4.64% | -12.92% | 3.17% | 6.71% | 1.26% |
| BCIIX | Brown Capital Management International Inst | -5 | -10.06% | 0.16% | -0.08% | -10.62% | 11.96% | 16.18% | 2.00% |
| CMIFX | Calvert Social Investment Fund Enhanced | -5 | -3.14% | 1.76% | 5.85% | -10.51% | 4.38% | 6.91% | 1.20% |
| CRATX | CRA Qualified Investment Retail (CRAIX) | -5 | 0.26% | -0.78% | -1.11% | 5.06% | N/A | N/A | 1.00% |
| WAEGX | Citizen's Emerging Growth Standard | -8 | -4.58% | 2.90% | 6.68% | -5.94% | 8.33% | 10.45% | 1.88% |
| ARGFX | Ariel Fund | -9 | -8.47% | 1.31% | 0.83% | -20.24% | 0.02% | 7.88% | 1.03% |
And this quarter's top scorers in the Smug Asset Categories are:
| Category | YTD Ret | Ave Score | Best Bet | Name |
| Agriculture | 0.00% | 0.00 | ||
| Bond | 0.64% | 1.00 | PAXHX | Pax World High Yield A |
| Diversity | -2.41% | 0.00 | PXWEX | Pax World Women's Equity A |
| Eco Reserve | 0.00% | 0.00 | ||
| Energy | -6.70% | 1.00 | CGAEX | Calvert Global Alternative Energy Fund |
| Low Carbon | 0.00% | 0.00 | ||
| Real Estate | 0.00% | 0.00 | ||
| Recycle | -8.88% | 0.00 | WGSLX | Winslow Green Solutions A |
| Social | -3.87% | (1.18) | TICRX | TIAA CREF Social Choice Equity |
| Technology | 0.00% | 0.00 | ||
| Total Green | -6.20% | 2.70 | NALFX | New Alternatives Fund A |
| Water | -1.11% | 0.00 | SMWNX | SAM Sustainable Water Fund |
Obviously, it's been a tough year, mostly recently. That's why asset allocation matters (see our previous posts here, here, and here).
Note that this information is culled from various third party sources and we cannot vouch for its accuracy. Also note that the scoring system is a Smug model and subject to change in future posts.
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