About SPFEX
The Sphere 500 Climate Fund is a U.S. large-cap mutual fund designed to offer investors a climate-focused, fossil fuel-free investment option. This fund tracks an index built from the largest 500 publicly traded U.S. companies by market capitalization, methodically excluding all companies involved in fossil fuel extraction, distribution, refining, and those supplying critical equipment to the fossil fuel sector. Additionally, it leaves out firms associated with deforestation-risk commodities, tobacco, civilian firearms, military weapons, and private prisons, narrowing its universe to approximately 407 major firms. The fund actively leverages shareholder voting power to advocate for climate action and corporate sustainability, positioning itself as a tool both for environmental stewardship and risk management. With a notably low expense ratio of 0.07%, the fund aims for accessibility, especially for inclusion in 401(k) plans, aligning its cost with mainstream index funds. Its approach addresses fiduciary, regulatory, and ethical concerns for institutional and individual investors seeking broad U.S. equity exposure without fossil fuel-related risks, making it a distinctive option within sustainable investing frameworks.
Fund Family Reflection Asset Management
Category Large Blend
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol SPFEX
Share Class Institutional Class
