Cange company
Unitedhealth Group Incorporated
$2 Billion
This is how much Unitedhealth Group Incorporated employees have invested in fossil fuel companies through their retirement savings plan. Learn what you can do about it below.
$21 Billion
Total funds in Unitedhealth Group Incorporated's 401(k) holdings
10.1%
Percent invested in fossil fuels
46.6k
Employees contributing
$20,800
Average Unitedhealth Group Incorporated employee has invested in fossil fuel companies in their 401(k)
Compared to others
How much Unitedhealth Group Incorporated's 401(k) plans have invested in fossil fuels.
Unitedhealth Group Incorporated retirement plan climate impact
The Unitedhealth Group Incorporated retirement plan has about $21 Billion in assets, with 102.1k employees participating in the plan. Of that, 10.1% is invested in fossil fuel companies, which means Unitedhealth Group Incorporated employees have invested $2 Billion in fossil fuel companies. The average Unitedhealth Group Incorporated employee has invested $20,800 in fossil fuel companies. You can do something about this. Get in touch with your benefits team to request climate-friendly options. Check out our handy template email here.
How we got here
Why has it been so hard to get a climate-safe option in 401(k)s?
Government guidelines about how companies should choose what funds to offer in 401(k) plans are strict, and have made employers wary of offering climate-friendly funds - until now.
A good pice
Employers are held responsible for making sure the funds in their 401(k) menu are not more expensive than comparable funds. It's an important part of their fiduciary duty. This has had the impact of pricing out more expensive sustainable funds in the past.
Fossil-Free
Some funds that are marketed as sustainable are really ESG funds (ESG stands for Environmental, Social, and Governance-focused funds.) Depending on how fund managers interpret what ESG means, they may or may not prioritize climate. We believe an important part of being climate-friendly is avoiding investing in the worst offenders - fossil fuel companies.
Fossil-Free
You may not have realized this, but every fund you invest in votes on your behalf when the companies the fund invests in have shareholder proposals. Oftentimes funds rubber stamp board recommendations. We believe it's important to vote proactively for climate action.
Comparison
A good price
Fossil-Free
Vote for the planet
ESG Investing: Environmental, Social and Governance (ESG) investing may take into consideration factors beyond traditional financial information to select securities, which could result in relative investment performance deviating from other strategies or broad market benchmarks, depending on whether such sectors or investments are in or out of favor in the market. Further, ESG strategies may rely on certain values based criteria to eliminate exposures found in similar strategies or broad market benchmarks, which could also result in relative investment performance deviating. There is no assurance that employing ESG strategies will result in more favorable investment performance.
The testimonials given were not paid for, are not giving investment advice, and do not have a technical aspect of investing.
A fund that can check all the boxes for 401(k)s
Affordable
Environmentally-friendly funds often are priced at a premium. SPFFX is priced 8.5x lower than most climate-friendly funds, and is more in line with standard index funds. This pricing is intended to make it appropriate for 401(k) plans.
Expense ratio comparison
0.07%
Sphere 500 Climate Fund (SPFFX)
0.61%
A typical climate-friendly fund
Source
Simple to start
SPFFX is designed to be added to existing 401(k) plans, so you don't have to switch providers to offer a climate-friendly choice.
SPFFX is currently available on platforms including:
Help everyone on your team put their money where their hearts are.
RISKS AND DISCLOSURE
Before investing in the Sphere 500 Climate Fund (“SPFFX”), carefully consider the fund's investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, please visit https://www.oursphere.org/fund or talk to your financial advisor. Read it carefully before investing.
As with all investments, there are risks involved with investing in SPFFX. Climate Investing Consideration Risk-Considerations related to climate risk, such as environmental criteria (e.g., fossil fuel screens), applied to the Index’s construction may limit the number of investment opportunities available to the Fund, and as a result, at times, the Fund may underperform funds that are not subject to similar investment restrictions. For example, the Index may exclude certain securities due to climate-focused considerations when other investment considerations would suggest that investing in such securities would be advantageous. The Fund may also underperform funds that invest in the energy and utilities sectors, particularly in times of rising oil, gas and energy prices. Other risks include, but are not limited to general market risk, small fund risk, large cap risk, common stock risk, sector risk, industry concentration risk, passive investment risk, index calculation risk, limited operating history risk, cybersecurity risk, tracking error risk, operation risk, and third-party data risks as it relates to the composition of the Index. For a detailed explanation of the risks associated with SPFFX and the underlying Index, please read the prospectus.
The Sphere 500 Climate Fund tracks the Sphere 500 Fossil-Free Index. The Index is constructed beginning with the largest 500 U.S. companies that trade on regulated U.S. exchanges by market capitalization. The index administrator, BITA GmbH, then eliminates companies from this investable universe using data obtained from As You Sow, an unaffiliated non-profit organization that promotes environmental responsibility through shareholder advocacy. As You Sow eliminates companies from the Index based primarily on their risk profile of being exposed to the fossil fuel industry and secondarily, by other exclusionary screens, including companies engaged in deforestation activities, civilian and military firearms manufacturing and related guns/arms sales, prison and border security operations, and tobacco and e-cigarette manufacturing. The elimination of these companies from the Index is intended to foster and support the climate-focused, social investing goals of the Fund. The fund may invest in companies that use fossil fuels as a part of their business or have used fossil fuels in the past. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Index returns do not reflect the effects of fees or expenses. It is not possible to invest directly in an index.
The performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 844-2-SPHERE.
Index performance is discussed for illustrative purposes only as a benchmark for each strategy’s performance and does not predict or depict performance of that strategy. While index comparisons may be useful to provide a benchmark for a strategy’s performance, it must be noted that investments are not limited to the investments comprising the indices. Each of the strategy benchmark indices are unmanaged and cannot be purchased directly by investors. Past performance does not guarantee future results. No portion of the content should be considered a solicitation to buy or an offer to sell shares of the fund in any jurisdiction where the solicitation or offer would be deemed unlawful under the securities laws of such jurisdiction. The Sphere 500 Climate Fund is distributed by Ultimus Fund Distributors, LLC, member of FINRA and SIPC, which is not affiliated with Sphere or SPFFX. NOT FDIC INSURED NOT BANK GUARANTEED. MAY LOSE VALUE.
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