Fossil fuel companiesare fueling the climate crisis.


Aquarius International Fund

Shareclass
Aquarius International
Type
Open-end mutual fund
Manager
Fossil fuel exposure of 5.92% places the fund in the D tier, between 5.5% and 9% exposure.

Methodology
D
Investments in major fossil fuel companies
Shell PLC ADR (Representing - Ordinary Shares)
Carbon Underground 200Top 200 carbon reserves
$6.25 MILLION
Shell PLC
Carbon Underground 200Top 200 carbon reserves
$2.4 MILLION
Cenovus Energy Inc
Carbon Underground 200Top 200 carbon reserves
$1.67 MILLION
Korea Electric Power Corp
Macroclimate 50Top 50 coal-fired power
$831,972
PetroChina Co Ltd Class H
Carbon Underground 200Top 200 carbon reserves
$714,374
TotalEnergies SE ADR
Carbon Underground 200Top 200 carbon reserves
$535,419
Fossil fuel holdings
Energy sector
Top 200 owners of carbon reserves
Top 200 owners of carbon reserves
Carbon Underground 200
29
holdings
$15.02M
invested
2.08%
of portfolio
Coal industry
Coal industry
Coal miners, coal services, owners of coal reserves
24
holdings
$6.63M
invested
0.92%
of portfolio
Oil/gas industry
Oil/gas industry
Oil/gas producers and refiners, oil field services and equipment companies, pipeline operators
68
holdings
$39.36M
invested
5.45%
of portfolio
Utility sector
Top 50 coal-fired utilities
Top 50 coal-fired utilities
Macroclimate 50
5
holdings
$1.21M
invested
0.17%
of portfolio
Fossil-fired utilities
Fossil-fired utilities
Utilities burning fossil fuels or distributing gas
36
holdings
$10.49M
invested
1.45%
of portfolio
  When calculating a portfolio's screen exposure, we only consider long investments, ignoring any shorts or liabilities.
All fossil fuel companies
86 holdings
86 holdings
  • 1. Shell PLC ADR (Representing - Ordinary Shares)
    Carbon Underground 200Oil/gas industry
    $6.25M
    0.87%
  • 2. Enel SpA
    Oil/gas industryFossil-fired utility
    $4.72M
    0.65%
  • 3. Vallourec SA
    Oil/gas industry
    $4.53M
    0.63%
  • 4. Saipem SpA
    Oil/gas industry
    $3.66M
    0.51%
  • 5. Siemens AG
    Oil/gas industry
    $3.03M
    0.42%
See all



Financial performance
Performance data provided byMorningstarFind more financial data on at Morningstar.com
Current fund
Aquarius International Fund
Family
Altair
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 10/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 5-yr returns 
-1.43% less in annualized returns
Less invested in fossil fuels 
5.55% less invested
Lower fossil finance risk score 
18 points lower
Lower fossil insurance risk score 
4 points lower
Less invested in Clean200 
3.01% less invested
Current fund
Aquarius International Fund
Family
Altair
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 10/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 5-yr returns 
-1.43% less in annualized returns
Less invested in fossil fuels 
5.55% less invested
Lower fossil finance risk score 
18 points lower
Lower fossil insurance risk score 
4 points lower
Less invested in Clean200 
3.01% less invested
Current fund
Aquarius International Fund
Family
Altair
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 10/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 5-yr returns 
-1.43% less in annualized returns
Less invested in fossil fuels 
5.55% less invested
Lower fossil finance risk score 
18 points lower
Lower fossil insurance risk score 
4 points lower
Less invested in Clean200 
3.01% less invested
Month-end trailing returns  
Annualized returns
Climate analysis
1-yr
3-yr
5-yr
10-yr
Fossil fuel %
This fund
- Aquarius International Fund
25%
19%
9.62%
/
5.92% 
Benchmark
ACWX - iShares MSCI ACWI ex U.S. ETF
25%
20%
11%
7.54%
11% 
Fund compared to benchmark
 
-0.15%
-1.22%
-1.43%
/
5.55%  lower
Find more financial data on Aquarius International Fund at Morningstar.com
What's next?
Learn how to make a change and move your money
Get started with our action toolkit


More from Invest Your Values
See how mutual funds and ETFs are rated on issues ranging from fossil fuels, to deforestation, gender equality, guns, prisons, weapons, and tobacco


We offer sustainable investment tools that highlight issues dealing with climate change, gender equality and more

About us

Invest Your Values is funded by contributions to As You Sow, a non-profit 501(c)3.

Donate

Invest Your Values is a project by As You Sow, a 501(c)3 nonprofit empowering shareholders to change corporations for good

Visit As You Sow

Legal    
© Copyright 2025 As You Sow. All rights reserved.
Main Post Office, PO Box 751, Berkeley, CA 94701

Connect with As You Sow

Contact us      

Disclaimer: As You Sow is not an investment adviser

As You Sow is not an investment adviser as that term is defined under federal and state (California) laws and regulations. As You Sow is a tax-exempt, nonprofit organization dedicated to educating and empowering shareholders to change corporations for the good through the collection, analysis and dissemination of relevant information to the public, free of charge. As You Sow does not provide financial planning, legal or tax advice. Nothing on this website shall constitute or be construed as an offering of financial instruments, or as investment advice or investment recommendations.
See our full disclaimer