For the first time, divesting from fossil fuels is easy, accessible, and competitive.
Sphere helps the advisor community deliver on the demands of customers and plan participants by providing a climate-friendly and cost-effective US core equity investment option. A number of family offices and institutions have already exited the fossil fuel industry, often citing worrying economic factors and a need to protect long-term value as a driving force for decisions, including the Rockefeller Foundation, the New York State Pension Fund, and the Harvard Endowment.
This solution allows advisors and employers to demonstrate their commitment to fiduciary duty with a high-quality product at reasonable fees while satisfying a deeply personal desire of clients, without having to choose between the two. The Sphere 500 Fossil-Free Index tracks the Top 500 US companies by market capitalization and excludes fossil fuel companies to avoid stranded asset risk. The fund votes shares for the planet, not for the status quo.
The Sphere 500 Climate Fund tracks this index
About the fundThe top 500 minus fossil fuels
The Sphere 500 index has the top 500 US companies by market capitalization, minus 93 companies. The independent non-profit As You Sow creates the list of fossil fuel and other companies that are excluded.
Learn more about the fund500 largest US companies
Removed 52 fossil fuel companies
Removed 41 deforestation, tobacco, civilian firearm, military weapon, and private prison companies
407 / 500
Holdings
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)
Removing fossil fuels has improved returns.
Trend
Hypothetical growth of $10,000.
Sphere 500 Fossil-Free Index (SPFFXI)
S&P 500
Cumulative Returns
SPFFXI
S&P 500
1 year
26.4%
24.6%
3 years
29.6%
33.2%
5 years
106.6%
101.6%
10 years
246.8%
235.2%
All
462.3%
431.2%
Annualized Returns
SPFFXI
S&P 500
1 year
26.4%
24.6%
3 years
9.0%
110.0%
5 years
15.6%
15.1%
10 years
13.2%
12.9%
All
14.2%
13.7%
Annualized Volatility
SPFFXI
S&P 500
1 year
15.9%
14.7%
3 years
18.4%
17.6%
5 years
18.6%
18.1%
10 years
15.7%
15.3%
All
15.0%
14.6%
Correlation to the S&P 500
SPFFXI
1 year
.993
3 years
.995
5 years
.994
10 years
.995
All
.990
Constituents
Amount distributed to each stock.
Portfolio Holdings are subject to change and should not be considered investment advice.
View full list
Index methodology
The Sphere 500 Fossil-Free Index starts with the largest 500 U.S. companies by market capitalization and excludes companies defined by As You Sow, an unaffiliated non-profit, as being in the fossil fuel industry or engaged in deforestation activities, firearms manufacturing or gun sales, operating private prisons, or manufacturing tobacco products. This index has climate-focused social goals and excludes those industries that are in decline over long-term timelines.
Fossil fuel companies are defined as those whose main lines of business are to produce, distribute, or refine fossil fuels, hold reserves of fossil fuels, utilities that are primarily fossil fuel-powered, and producers of equipment for any of the above.
Quick facts
Weighting
Free Float Market Cap
No. of constituents
Max 500
Rebalancing frequency
Quarterly
Calculation hours
9:30am to 4:30pm ET
Currency
USD
Inception date
Aug 9, 2021
Backtesting start date
Jun 17, 2011