How it works

Methodology and companies we screen for
Tobacco Free Funds sources financial data from Morningstar, an investment research company. We use Morningstar’s mutual fund and stock data to analyze funds and find investments in tobacco and tobacco-promoting entertainment companies. Our database covers thousands of the most popular mutual funds, the type of investments most common in retirement plans like employer-offered 401(k)s.
How to align your investments with your values
Step one icon
1
Search for mutual funds and ETFs by name, ticker, or asset manager. We have thousands of the most commonly held U.S. mutual funds in our database.
Step two icon
2
See your results. How much money do your funds invest in tobacco or entertainment companies that promote tobacco to young people?
Step three icon
3
Look in our database for fund options with lower levels of investment in tobacco or entertainment companies that promote tobacco to young people. You can also take action by signing our letter to tobacco-promoting entertainment companies.
Step four icon
4
Show the results to your financial advisor or retirement plan manager. Talk about how you can align your investments with your values.
Finding a fund

Tobacco Free Funds sources financial data on equities and mutual funds from Morningstar. Our database contains information on thousands of U.S. open-end and exchange traded mutual funds, some of the most common funds held in 401(k)s, 403(b)s, and other retirement plans.

Search for mutual funds using name or ticker symbol. Use the search page to filter funds by investing style, fund family, regional market, and more. We don't have everything in our database - we only screen mutual funds that own stocks, and can only display up to 3,000. Looking for your favorite fund and can’t find it? With more resources, we could include more funds - make a gift today to make a difference.

Screening a fund

For each mutual fund in our database, we examine every holding and determine if it is a stock issued by a tobacco company or a tobacco-promoting entertainment company.

Holdings that are not stocks, like currencies, bonds, or other mutual funds, are not rated. A fund’s Percent Rated value is equivalent to the percent of the fund that is invested in stocks. The higher a fund’s Percent Rated value, the more holdings we were able to examine. A fund with a lower Percent Rated value may have hidden tobacco-related investments that our tool cannot account for.

If a fund holds stock in a flagged company

Two screens are applied to each fund – a list of tobacco companies, and a list of entertainment companies that promote tobacco to young audiences.

We calculate the total amount of exposure

Mutual funds can have a varying number of holdings, from less than one hundred to several thousand. We calculate the total number of flagged holdings in the fund, and the total amount and percentage of the fund’s assets that are invested in those companies.

If a fund has investments in tobacco producers or tobacco-promoting entertainment studios, you'll see a chart like this showing the details:

If a fund has investments in tobacco, you'll see a chart like this

You'll also see a list of all the specific tobacco investments of that fund's portfolio.

If a fund has investments in tobacco, you'll see a list like this
We assign a Tobacco Grade

Based on whether or not a fund has investment in tobacco companies and/or tobacco-promoting entertainment companies, we assign a letter grade.

A

Fund is not invested in tobacco companies, and not invested in tobacco-promoting entertainment companies

B

Fund is not invested in tobacco companies, but is invested in tobacco-promoting entertainment companies

F

Fund is invested in tobacco companies, and may also be invested in tobacco-promoting entertainment companies

We track sustainable funds

We use Morningstar's "sustainability mandate" indicator to determine which funds are displayed as socially responsible. Funds with sustainability mandates often make investment decisions based on issues like environmental responsibility, human rights, or religious views. A socially responsible fund may take a proactive stance by selectively investing in, for example, environmentally-friendly companies, or firms with good employee relations. They may also avoid investing in companies involved in promoting alcohol, tobacco, or firearms, or in the defense industry. Look for this symbol to find funds that are designated socially responsible.

Socially responsible fund

The Forum for Sustainable and Responsible Investment is a group advancing sustainable, responsible, and impact investing. Asset managers who are members of US-SIF often have policies to exclude or restrict investments in companies involved in the production, licensing, and/or retailing of civilian firearms. Look for this symbol to find funds that are members of US-SIF.

Member of US-SIF, the Forum for Sustainable and Responsible Investment
Tobacco free action toolkit

When you're done looking up funds and finding the data you need, what's next? You can learn how to make a change and move your money with our tobacco free action toolkit. Whether you’re an individual investor or if your investments are in your employer-sponsored plan at work, our step-by-step toolkit can help. There's an in-depth guide to responsible investing, links to external resources, a sample letter to send to your employer 401(k) manager, and more — everything you need to make a change and get started investing your money tobacco free.