How it Works
Methodology and companies we screen for

Deforestation 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 palm oil producers, the banks and lenders who finance them, and major consumer brands that use palm oil in their products. 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
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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.
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See how much money your funds have invested in the palm oil industry - whether in palm oil producers, the banks who finance them, or the brands who use palm oil in their products.
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Look in our database for fund options with lower levels of investment in palm oil and deforestation. Use our action toolkit to learn how to demand responsible, deforestation-free investment options and policies from your retirement plan manager at work or from the major fund families.
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4
Show your search results to your financial advisor or retirement plan manager. Talk about how you can align your investments with your values.
Finding a fund

Search for mutual funds using name or ticker symbol. Use the search page to filter funds by investing style, fund family, and more. Looking for your favorite fund and can't find it? We don't have everything in our database - we only screen mutual funds that own stocks.

Screening a fund

For each mutual fund in our database, we examine every holding and determine if it is a stock issued by a palm oil producer, a bank or financial institution that lends to palm oil producers, or a major consumer goods company that sources palm oil for its products.

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 palm oil-related holdings that our tool cannot account for.

If a fund holds stock in a flagged company

Three screens are applied to each fund – a list of palm oil producers, a list of banks and lenders that finance those producers, and a list of major consumer brands that use palm oil in their products. Click here to see which specific companies get flagged.

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.

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