SPHERE 500 FOSSIL-
FREE INDEX
The first fossil-free INDEX designed for 401(k)s.
For the first time, divesting from fossil fuels is easy AND accessible.
Sphere helps the advisor community deliver on the demands of plan participants by providing a low cost alternative to US core equity exposure excluding fossil fuels. This solution allows plan advisors to demonstrate their commitment to not only fiduciary duty in terms of quality product at reasonable fees, but allows them to satisfy a deeply personal desire of their clients, without having to choose between the two.
The Sphere 500 Fossil Free Index (SPFFXI) tracks the S&P 500 and excludes the ~40 fossil fuel companies that are in the top 500 list. Fossil fuel companies are defined by the non-profit As You Sow, as presented on their website fossilfreefunds.org, and the list of fossil fuel companies is made up of companies whose main lines of business include producing, distributing, or refining fossil fuels, holding reserves of fossil fuels, utilities that are primarily fossil fuel-powered, and producers of equipment for any of the above.
Removing fossil fuel companies has increased earnings.
Hypothetical growth of $10,000
Sphere 500 Fossil-Free Index (SPFFXI)
SPDR S&P 500 ETF (SPY ETF)
as of AUG 9, 2021
TICKER
1 year
3 year
5 year
10 year
Cumulative returns
SPFFXI
36.4%
72.8%
125.5%
404.1%
SPY EFT
34.1%
63.7%
122.3%
358.0%
ANNUALIZED returns
SPFFXI
36.4%
19.5%
17.2%
17.1%
SPY EFT
34.1%
17.9%
17.4%
16.5%
ANNUALIZED VOLITILITY
SPFFXI
15.4%
23.2%
19.2%
17.3%
SPY EFT
14.9%
22.6%
18.7%
16.9%
RETURN TO RISK RATIO
SPFFXI
2.4
.84
.90
.99
SPY EFT
2.3
.79
.93
.97
1 Year
36.1%
36.1%
3 Year
36.1%
36.1%
5 Year
36.1%
36.1%
10 Year
36.1%
36.1%
All
36.1%
36.1%
1 Year
36.1%
36.1%
3 Year
36.1%
36.1%
5 Year
36.1%
36.1%
10 Year
36.1%
36.1%
All
36.1%
36.1%
1 Year
36.1%
36.1%
3 Year
36.1%
36.1%
5 Year
36.1%
36.1%
10 Year
36.1%
36.1%
All
36.1%
36.1%
1 Year
36.1%
36.1%
3 Year
36.1%
36.1%
5 Year
36.1%
36.1%
10 Year
36.1%
36.1%
All
36.1%
36.1%
Top 500 minus 43 companies
Simple as that. The top 500 US companies by market capitalization, excluding 43 fossil fuel companies.
457
/ 500
HOLDINGS
Sphere 500 Fossil-Free Index (SPFFXI)
SPDR S&P 500 ETF (SPY ETF)
CONSTITUENTS
The Sphere 500 Fossil-Free Index is tracking the performance of a selection of companies from the top 500 large capital public US companies (ranked by market capitalization) that are not critically exposed to business models dependent on fossil fuels. The index constituents are weighted by free float market capitalization, and rebalanced quarterly. Index values are disseminated on an end-of-day basis.
as of Oct 29, 2021
TICKER
WEIGHT
Apple
APPL
6.76%
Microsoft
MSFT
6.72%
Amazon.com
AMZN
4.16%
Tesla
TSLA
2.43%
Alphabet Class "C"
GOOG
2.25%
Alphabet A
GOOGL
2.12%
Facebook Class "A"
FB
1.77%
Nvidia
NVDA
1.66%
Jp Morgan Chase & Co.
JPM
1.37%
Unitedhealth Group
UNH
1.17%
Apple
AAPL
6.83%
Apple
AAPL
6.83%
Apple
AAPL
6.83%
Apple
AAPL
6.83%
Apple
AAPL
6.83%
Apple
AAPL
6.83%
Apple
AAPL
6.83%
Apple
AAPL
6.83%
Apple
AAPL
6.83%
Apple
AAPL
6.83%
INDEX METHODOLOGY
The Sphere 500 Fossil Free Index (hereafter "The Index") tracks the largest 500 companies traded at regulated US stock exchanges and excludes the fossil fuel companies that are in the list, as identified on the site fossilfreefunds.org in the "How it Works" section of the site. The exclusionary list of fossil fuel companies is made up of companies whose main lines of business include producing, distributing, or refining fossil fuels, holding reserves of fossil fuels, utilities that are primarily fossil fuel-powered, and producers of equipment for any of the above. The base currency of the index is USD. Index values may also be published in other currencies when applicable. For more specific details about the methodology, please refer to our Sphere 500 Fossil Free Index and BITA Equity Corporate Actions Methodology guides.
QUICK FACTS
Weighting
Free Float Market Cap
No. of constituents
Max 500
Rebalancing frequency
Quarterly
Calculation hours
9:30am to 4:30pm ET
Calculation Type
Gross Total Return
Currency
USD
Inception date
Aug 9, 2021
Backtesting start date
Jun 17, 2011
NET ASSETS
Free Float Market Cap
YTD PERFORMANCE
Gross Total Return (USD)
SHARES OUTSTANDING
-
YTD
Aug 9, 2021
NAV
Max 500
SINCE INCEPTION CUMULATIVE
1,000.00
NAV CHANGE DOLLARS
Quarterly
SINCE INCEPTION
ANNUALIZED
215.31
ONE DAY RETURN
9:30 to 16:30 ET
Due to differences between the quarterly rebalance of the Sphere 500 Fossil Free Index (SPFFXI) and the intermittent updates of the fossil fuel company exclusion list from fossilfreefunds.org/how-it-works, SPFFXI may not always match the exclusion list as provided by fossilfreefunds.org. However, SPFFXI will always match the most recent fossilfreefunds.org update prior to the quarterly rebalance, which takes place as of the close of the third Friday in March, June, September, and December.