Fossil fuel companiesare fueling the climate crisis.


TrueShares Active Yield ETF

Shareclass
TrueShares Active Yield ETF (ERNZ)
Type
Exchange-traded fund
Manager
Fossil fuel exposure of 11.58% places the fund in the F tier, between 9% and 100% exposure.

Methodology
F
Investments in major fossil fuel companies
Coterra Energy Inc Ordinary Shares
Carbon Underground 200Top 200 carbon reserves
$4.95 MILLION
APA Corp
Carbon Underground 200Top 200 carbon reserves
$1.5 MILLION
Devon Energy Corp
Carbon Underground 200Top 200 carbon reserves
$85,908
Civitas Resources Inc Ordinary Shares
Carbon Underground 200Top 200 carbon reserves
$40,303
Fossil fuel holdings
Energy sector
Top 200 owners of carbon reserves
Top 200 owners of carbon reserves
Carbon Underground 200
4
holdings
$6.57M
invested
4.48%
of portfolio
Coal industry
Coal industry
Coal miners, coal services, owners of coal reserves
1
holdings
$115,670
invested
0.08%
of portfolio
Oil/gas industry
Oil/gas industry
Oil/gas producers and refiners, oil field services and equipment companies, pipeline operators
11
holdings
$16.95M
invested
12%
of portfolio
Utility sector
Top 50 coal-fired utilities
Top 50 coal-fired utilities
Macroclimate 50
No direct stock holdings
Fossil-fired utilities
Fossil-fired utilities
Utilities burning fossil fuels or distributing gas
2
holdings
$153,137
invested
0.1%
of portfolio
  When calculating a portfolio's screen exposure, we only consider long investments, ignoring any shorts or liabilities.
All fossil fuel companies
11 holdings
11 holdings
  • 1. Marathon Petroleum Corp
    Oil/gas industry
    $5.11M
    3.49%
  • 2. Sitio Royalties Corp Ordinary Shares - Class A
    Oil/gas industry
    $4.99M
    3.41%
  • 3. Coterra Energy Inc Ordinary Shares
    Carbon Underground 200Oil/gas industry
    $4.95M
    3.38%
  • 4. APA Corp
    Carbon Underground 200Oil/gas industry
    $1.5M
    1.02%
  • 5. The AES Corp
    Coal industryOil/gas industryFossil-fired utility
    $115,670
    0.08%
See all
Share to spread the word.
Business as usual is fueling climate destruction.
TrueShares Active Yield ETF $ERNZ is 12% ($16.95 MILLION) invested in fossil fuel stocks
Tweet 
Financial performance
Performance data provided byMorningstarFind more financial data on ERNZ at Morningstar.com
Current fund
ERNZ
TrueShares Active Yield ETF
Family
TrueShares
Category
Moderately Aggressive Allocation
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: Not available
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 1-yr returns 
-14.11% less in annualized returns
More invested in fossil fuels 
3.13% more invested
Lower fossil finance risk score 
14 points lower
Lower fossil insurance risk score 
26 points lower
Less invested in Clean200 
21.42% less invested
Current fund
ERNZ
TrueShares Active Yield ETF
Family
TrueShares
Category
Moderately Aggressive Allocation
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: Not available
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 1-yr returns 
-14.11% less in annualized returns
More invested in fossil fuels 
3.13% more invested
Lower fossil finance risk score 
14 points lower
Lower fossil insurance risk score 
26 points lower
Less invested in Clean200 
21.42% less invested
Current fund
ERNZ
TrueShares Active Yield ETF
Family
TrueShares
Category
Moderately Aggressive Allocation
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: Not available
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 1-yr returns 
-14.11% less in annualized returns
More invested in fossil fuels 
3.13% more invested
Lower fossil finance risk score 
14 points lower
Lower fossil insurance risk score 
26 points lower
Less invested in Clean200 
21.42% less invested
Month-end trailing returns  
Annualized returns
Climate analysis
1-yr
3-yr
5-yr
10-yr
Fossil fuel %
This fund
ERNZ - TrueShares Active Yield ETF
-2.05%
/
/
/
12% 
Benchmark
IVV - iShares Core S&P 500 ETF
12%
12%
16%
12%
8.45% 
Fund compared to benchmark
 
-14.11%
/
/
/
3.13%  higher
Find more financial data on ERNZ at Morningstar.com
What's next?
Learn how to make a change and move your money
Get started with our action toolkit
Recent blog posts
Ask your employer about fossil free options for your retirement plan
Find sustainable funds that are A-grade fossil free
Divest Invest invites you to join them in pledging to invest fossil free
Visit Deforestation Free Funds to see exposure to rainforest destruction
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