How it works
Getting started with Weapon Free Funds
Methodology and companies we screen for
Weapon 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 military weapon and civilian firearm investments. 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 make your investments match your values
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1
Search for mutual funds and ETFs by name, ticker, or asset manager. We have thousands of U.S. equity funds in our database.
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2
See your results. For each fund, we track companies that make military weapons, and guns and ammunition for the civilian market.
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3
Look for cleaner options. Sort and compare to find funds that fit your investing needs.
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4
Talk to your financial advisor or retirement plan manager about weapon free investing.
Mutual funds

Mutual funds are collections of stocks bundled together, sometimes hundreds or thousands of companies. They are some of the most popular investment products for retirement plans, because owning so many company stocks at once helps diversify investment risk. But unless you're a financial professional, it can be difficult to find out just what companies are inside the funds you're invested in. That's where we come in. We examine every holding in thousands of funds to determine if there are investments in weapon stocks.

Socially responsible investing

Some funds actively choose to invest responsibly, by considering environmental or social issues when choosing companies to invest in. If you're thinking about weapon free investing, socially responsible funds can be a good place to start, because they often deliberately avoid companies that make military weapons and civilian firearms. We feature nearly a hundred socially responsible funds in our database.

Responsible investing can offer competitive returns

While people may become interested in responsible investing because of personal values and goals, that doesn't mean they're not looking for a competitive financial return on their investments. Fortunately, the evidence is clear: sustainable and responsible investors do not have to pay more to align their investments with their values, or to avoid companies with poor environmental, social or governance practices. The Forum for Sustainable and Responsible Investment has collected the research.

Finding a fund

Weapon 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, ticker symbol, or asset manager. Use the search page to filter funds by investing style, fund family, and more. When you find a fund you're looking for, click on it to see the full results.

We don't have everything in our database — we only screen mutual funds that own direct stock investments, 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 weapon company.

We only look for direct stock holdings in weapon companies. That means that holdings that are not stocks, like cash holdings or bonds, are not rated. In the fund's investment profile, we show a "Percent Rated" metric, 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 weapon-related investments that our tool cannot account for, in the form of bond holdings or other asset types.

If a fund holds stock in a weapon company

We use five different weapon categories, grouped into two screens, to flag weapon investments. You can choose to screen for all five weapon categories, or you can screen for just military weapons, or just civilian firearms.

We calculate the fund's weapon risk

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.

Based on what companies a fund owns, it can earn one of three weapon risk scores for each screen group — military weapons, civilian firearms, and all weapons.

Low

Owns no stock in companies from any of the weapon categories

Medium

Civilian firearm screen only: Owns stock in gun retailers, but no other weapon companies

High

Owns stock in major military contractors, cluster munitions/landmines, nuclear weapons, or gun manufacturers

If a fund has a low weapon risk and doesn't own any of the weapon companies you're screening for, you'll see a chart like this:

Five-badge fund chart

However, if a fund does own stock in weapon companies, you'll see a chart like this, showing the overall exposure.

Chart for fund that owns stock in weapon companies

Next to the chart, you'll see the exposure breakdown for each of the five weapon categories.

Breakdown of weapon exposure for each of the five weapon categories

If you click a category that a fund has exposure to, you'll see the breakdown of the individual companies in that category that the fund owns.

Chart for a single weapon category
We track socially responsible funds

We use Morningstar's "socially responsible fund" indicator to determine which funds are displayed as socially responsible. Socially responsible funds 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 weapons. Look for this symbol to find funds that are members of US-SIF.

Member of US-SIF, the Forum for Sustainable and Responsible Investment
Weapon 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 weapon 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 weapon free.

Get started now
Low weapon risk funds