Fossil fuel companiesare fueling the climate crisis.


Vanguard Utilities Index Fund

Shareclass
Vanguard Utilities ETF (VPU)
Type
Exchange-traded fund
Manager
Fossil fuel exposure of 95.73% places the fund in the F tier, between 9% and 100% exposure.

Methodology
F
Investments in major fossil fuel companies
Duke Energy Corp
Macroclimate 50Top 50 coal-fired power
$576.17 MILLION
American Electric Power Co Inc
Macroclimate 50Top 50 coal-fired power
$358.54 MILLION
PPL Corp
Macroclimate 50Top 50 coal-fired power
$164.96 MILLION
NRG Energy Inc
Macroclimate 50Top 50 coal-fired power
$135.94 MILLION
FirstEnergy Corp
Carbon Underground 200Top 200 carbon reserves
$134.75 MILLION
Evergy Inc
Macroclimate 50Top 50 coal-fired power
$100.61 MILLION
Fossil fuel holdings
Energy sector
Top 200 owners of carbon reserves
Top 200 owners of carbon reserves
Carbon Underground 200
4
holdings
$227.85M
invested
2.7%
of portfolio
Coal industry
Coal industry
Coal miners, coal services, owners of coal reserves
16
holdings
$1.54B
invested
18%
of portfolio
Oil/gas industry
Oil/gas industry
Oil/gas producers and refiners, oil field services and equipment companies, pipeline operators
19
holdings
$4.66B
invested
55%
of portfolio
Utility sector
Top 50 coal-fired utilities
Top 50 coal-fired utilities
Macroclimate 50
5
holdings
$1.34B
invested
16%
of portfolio
Fossil-fired utilities
Fossil-fired utilities
Utilities burning fossil fuels or distributing gas
52
holdings
$8.03B
invested
95%
of portfolio
  When calculating a portfolio's screen exposure, we only consider long investments, ignoring any shorts or liabilities.
All fossil fuel companies
53 holdings
53 holdings
  • 1. NextEra Energy Inc
    Oil/gas industryFossil-fired utility
    $916.04M
    11%
  • 2. Southern Co
    Oil/gas industryFossil-fired utility
    $624.56M
    7.41%
  • 3. Duke Energy Corp
    Oil/gas industryMacroclimate 50Fossil-fired utility
    $576.17M
    6.83%
  • 4. Constellation Energy Corp
    Fossil-fired utility
    $497.58M
    5.9%
  • 5. American Electric Power Co Inc
    Coal industryOil/gas industryMacroclimate 50Fossil-fired utility
    $358.54M
    4.25%
See all
Share to spread the word.
Business as usual is fueling climate destruction.
Vanguard Utilities Index Fund $VPU is 96% ($8.07 BILLION) invested in fossil fuel stocks
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Financial performance
Performance data provided byMorningstarFind more financial data on VPU at Morningstar.com
Current fund
VPU
Vanguard Utilities Index Fund
Family
Vanguard
Category
Utilities
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 3/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher
 10-yr returns 
0.28% more in annualized returns
More invested in fossil fuels 
86% more invested
Lower fossil finance risk score 
20 points lower
Lower fossil insurance risk score 
19 points lower
Less invested in Clean200 
19.85% less invested
Current fund
VPU
Vanguard Utilities Index Fund
Family
Vanguard
Category
Utilities
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 3/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher
 10-yr returns 
0.28% more in annualized returns
More invested in fossil fuels 
86% more invested
Lower fossil finance risk score 
20 points lower
Lower fossil insurance risk score 
19 points lower
Less invested in Clean200 
19.85% less invested
Current fund
VPU
Vanguard Utilities Index Fund
Family
Vanguard
Category
Utilities
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 3/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher
 10-yr returns 
0.28% more in annualized returns
More invested in fossil fuels 
86% more invested
Lower fossil finance risk score 
20 points lower
Lower fossil insurance risk score 
19 points lower
Less invested in Clean200 
19.85% less invested
Month-end trailing returns  
Annualized returns
Climate analysis
1-yr
3-yr
5-yr
10-yr
Fossil fuel %
This fund
VPU - Vanguard Utilities Index Fund
24%
5.19%
10%
9.27%
96% 
Benchmark
ACWI - iShares MSCI ACWI ETF
7.43%
7.17%
15%
8.99%
9.46% 
Fund compared to benchmark
 
16%
-1.98%
-4.85%
0.28%
86%  higher
Find more financial data on VPU at Morningstar.com
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