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 Fund tracks the Top 500 US companies 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.
A 10-year backtest of the Sphere 500 Fossil-Free Index benchmarked against the SPY ETF, as of June 30, 2021.
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.
Ready to get started? Anyone can invest in this mutual fund, even outside of 401(k)s. We're working to make the fund available across investment platforms, but to invest ahead of then, find the form below that fits your need, then follow the instructions to invest. If you have any questions, call 844-2-SPHERE (844-277-4373) or email firstname.lastname@example.org.