Sphere 500 Climate Fund

Shareclass

Sphere 500 Climate Fund (SPFFX)

Type

Open-end mutual fund

Manager

Deforestation grade: Fund is invested in deforestation-risk banks and lenders and/or major consumer brands, but no holdings flagged for our deforestation-risk agricultural commodity producer/trader screen. Assigned a grade of B.
How we track deforestation-risk investments

15.43%

INVESTED IN DEFORESTATION-RISK COMPANIES

AGRIBUSINESS

deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy

BANKS AND LENDERS

that finance deforestation-risk agribusiness producers via lending and underwriting

MAJOR CONSUMER BRANDS

that use deforestation-risk agribusiness commodities in products

holdings flagged

15%

of assets flagged

Member of the Forum for Sustainable and Responsible Investment

This asset manager is a member of the Forum for Sustainable and Responsible Investment, a group advancing sustainable, responsible, and impact investing.

Learn more: Forum for Sustainable and Responsible Investment

Member of The Forum for Sustainable and ResponsibleInvestment icon

This fund contains

$1.27 MILLION invested

in holdings flagged for deforestation risk

Take action

Commodity producers

0 holdings

0% of assets

$0 invested

Banks and lenders

4 holdings

2.77% of assets

$229,120 invested

Major consumer brands

36 holdings

13% of assets

$1.05 MILLION invested

Commodity producers

0 HOLDINGS

Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.

Banks and lenders

4 HOLDINGS

Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

4 HOLDINGS

% of portfolio
$ invested
1. JPMorgan Chase & Co
1.44%1.44% of portfolio
$118,778$118,778 invested
2. Bank of America Corp
0.75%0.75% of portfolio
$61,734$61,734 invested
3. Morgan Stanley
0.3%0.3% of portfolio
$24,387$24,387 invested
4. Citigroup Inc
0.29%0.29% of portfolio
$24,221$24,221 invested

Major consumer brands

36 HOLDINGS

Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

36 HOLDINGS

% of portfolio
$ invested
1. Amazon.com Inc
4.15%4.15% of portfolio
$342,902$342,902 invested
2. Procter & Gamble Co
0.95%0.95% of portfolio
$78,854$78,854 invested
3. Johnson & Johnson
0.95%0.95% of portfolio
$78,779$78,779 invested
4. The Home Depot Inc
0.95%0.95% of portfolio
$78,638$78,638 invested
5. Costco Wholesale Corp
0.81%0.81% of portfolio
$66,669$66,669 invested

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DATA AS OF 31 Mar 2024

Sustainability report card

As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. Click through to get more details on each issue.

Sphere 500 Climate Fund SPFFX

Environment

Fossil fuels

Investments in coal, oil, and natural gas energy and utility companies, and related financial companies

Deforestation

Investments in deforestation-risk agricultural commodities, and related financial companies and consumer brands

Social

Gender equality

Gender equality group ranking, based on Equileap company data

Civilian firearms

Investments in civilian firearms manufacturers, and related gun retailers

Prison industrial complex

Investments in prisons and borders industry, including private prison operators

Military weapons

Investments in military arms manufacturers and services companies, including nuclear weapon manufacturers and servicers

Tobacco

Investments in tobacco and e-cigarette manufacturers, and tobacco-promoting entertainment companies

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Financial performance

Performance data provided by

Find more financial data on SPFFX at Morningstar.com

Current fund

SPFFX

Sphere 500 Climate Fund

Family

Reflection Asset Management

Category

Large Blend

Find another fund

vs.

Benchmark

IVV

iShares Core S&P 500 ETF

Family

iShares from BlackRock

Category

Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 10/31/24

1 year

3 years

5 years

10 years

Benchmark

Suggested: S&P 500

Fund comparison results

Compared to the benchmark, this fund has:

Lower 3-yr returns

-1.02% less in annualized returns

Less invested in commodity producers

0.17% less invested

More invested in banks and lenders

0.33% more invested

More invested in major consumer brands

1.17% more invested

Current fund

SPFFX

Sphere 500 Climate Fund

Family

Reflection Asset Management

Category

Large Blend

Find another fund

vs.

Benchmark

IVV

iShares Core S&P 500 ETF

Family

iShares from BlackRock

Category

Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 10/31/24

1 year

3 years

5 years

10 years

Benchmark

Suggested: S&P 500

Fund comparison results

Compared to the benchmark, this fund has:

Lower 3-yr returns

-1.02% less in annualized returns

Less invested in commodity producers

0.17% less invested

More invested in banks and lenders

0.33% more invested

More invested in major consumer brands

1.17% more invested

Current fund

SPFFX

Sphere 500 Climate Fund

Family

Reflection Asset Management

Category

Large Blend

Find another fund

vs.

Benchmark

IVV

iShares Core S&P 500 ETF

Family

iShares from BlackRock

Category

Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 10/31/24

1 year

3 years

5 years

10 years

Benchmark

Suggested: S&P 500

Fund comparison results

Compared to the benchmark, this fund has:

Lower 3-yr returns

-1.02% less in annualized returns

Less invested in commodity producers

0.17% less invested

More invested in banks and lenders

0.33% more invested

More invested in major consumer brands

1.17% more invested

Month-end trailing returns

Performance as of date: 10/31/24

Morningstar suggested benchmark: S&P 500 TR USD

Annualized returns

Deforestation analysis

1-yr

3-yr

5-yr

10-yr

This fund
SPFFX - Sphere 500 Climate Fund

37%

8.03%

Benchmark

38%

9.05%

15%

13%

0.17%

Fund compared to benchmark

-1.1%

-1.02%

0.17% lower

Find more financial data on SPFFX at Morningstar.com

Take Action

Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.

SUPPORT THE PETITION

Find top-graded funds that avoid deforestation-risk investments.

FIND TOP-SCORING FUNDS

Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.

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