Invest Your Values data is based on monthly updates to mutual fund holdings.
May 19, 2020
May 2020 dataset. Screen list updates: Fossil Free Funds "Carbon Underground 200" screen updated to use latest Fossil Free Indexes data (2020 Q1).
Apr 14, 2020
April 2020 dataset. Screen list updates: Weapon Free Funds "Major Military Contractors" screen updated to use latest SIPRI Arms Industry Database (2018).
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:
You'll also see a list of all the specific tobacco investments of that fund's portfolio.
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.
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.
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.
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.