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.
Sphere 500 Fossil-Free Index (SPFFXI)
SPDR S&P 500 ETF (SPY ETF)
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%
Simple as that. The top 500 US companies by market capitalization, excluding 43 fossil fuel companies.
HOLDINGS
Sphere 500 Fossil-Free Index (SPFFXI)
SPDR S&P 500 ETF (SPY ETF)
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.
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.