Ten Funds With a Conscience

By MaryAnn BussoMaryAnn Busso

Investing for good can also be a good investment. A number of the mutual funds that take environmental, social and corporate governance (ESG) into account when making investing decisions have proven to be stellar performers. Two of our top 10 ESG funds—selected using a formula that takes 1, 3 and 5-year total returns into account—beat the S&P 500 over all three periods. Investors are taking notice: Investments in these funds are up 33 percent in the U.S. since 2014, to $8.7 trillion. That’s 22 percent of all professionally managed U.S. assets. Harvard Management Co., which oversees Harvard University’s $36 billion endowment fund, recently announced plans to make sustainability the driving factor in selecting new investments for its natural resource portfolio.

Circles sized by assets:

$100M

$1B

$4B

Total return for S&P 500

1-year total return

Total return

35%

Parnassus (PARWX)

30%

Calvert (CIOAX)

Parnassus (PARNX)

25%

Calvert (CCVAX)

20%

Neuberger Berman

(NRAAX)

Calvert (CSXAX)

Green Century (GCEQX)

Sentinel (MYPVX)

Parnassus (PARMX)

Calvert (CSIEX)

15%

3-year total return

15%

PARWX

PARNX

10%

CSXAX

PARMX

GCEQX

CSIEX

CCVAX

NRAAX

MYPVX

5%

CIOAX

5-year total return

20%

PARWX

PARNX

CCVAX

15%

CSXAX

NRAAX

GCEQX

PARMX

MYPVX

CSIEX

CIOAX

10%

Circles sized by assets:

$100M

$1B

$4B

Total return for S&P 500

1-year

total return

3-year

total return

5-year

total return

Total

return

Parnassus (PARWX)

30%

Calvert (CIOAX)

Parnassus (PARNX)

25%

Calvert (CCVAX)

20%

Neuberger Berman (NRAAX)

PARWX

Calvert (CSXAX)

Green Century (GCEQX)

Sentinel (MYPVX)

PARNX

Parnassus (PARMX)

CCVAX

Calvert (CSIEX)

15%

CSXAX

NRAAX

PARWX

GCEQX

PARMX

MYPVX

CSIEX

CIOAX

PARNX

CSXAX

10%

PARMX

GCEQX

CSIEX

CCVAX

NRAAX

MYPVX

5%

CIOAX

0%

Circles sized by assets:

$100M

$1B

$4B

Total return for S&P 500

Total return

0%

5%

10%

15%

20%

25%

30%

Green Century

(GCEQX)

Neuberger Berman

(NRAAX)

Parnassus

(PARMX)

Calvert

(CCVAX)

Calvert

(CIOAX)

Parnassus

(PARWX)

1-year

total return

Calvert

(CSIEX)

Calvert

(CSXAX)

Parnassus

(PARNX)

Sentinel

(MYPVX)

GCEQX

CIOAX

MYPVX

CSIEX

PARMX

PARNX

PARWX

3-year

total return

NRAAX

CSXAX

CCVAX

MYPVX

PARMX

CIOAX

CSIEX

NRAAX

CCVAX

PARWX

5-year

total return

GCEQX

PARNX

CSXAX

Circles sized by assets:

$100M

$1B

$4B

Total return for S&P 500

1-year

total return

3-year

total return

5-year

total return

Total

return

Parnassus (PARWX)

30%

Calvert (CIOAX)

Parnassus (PARNX)

25%

Calvert (CCVAX)

Neuberger Berman

(NRAAX)

20%

PARWX

Calvert (CSXAX)

Green Century (GCEQX)

Sentinel (MYPVX)

PARNX

Parnassus (PARMX)

CCVAX

Calvert (CSIEX)

15%

CSXAX

PARWX

NRAAX

GCEQX

PARMX

MYPVX

CSIEX

CIOAX

PARNX

10%

CSXAX

PARMX

GCEQX

CSIEX

CCVAX

NRAAX

MYPVX

5%

CIOAX

0%

ESG Funds With The Highest Score

*The score takes into consideration one-year, three-year and five-year annualized returns, weighted equally. Scores range from zero to 100.