TRS Has Divested from Gun Manufacturers
Starting in February 2013, the Teachers’ Retirement Board divested from gun manufacturers (companies receiving material revenue from the manufacture of civilian firearms and ammunition). The Board modified its policy in December 2017, when it resolved to further divest from companies that receive at least 5% of their revenues from the manufacture of civilian firearms and ammunition. This divestment is now complete.
Each year, TRS publishes a listing of investment holdings in their Investment Portfolios publication. The latest version shows holdings as of June 30, 2017, so it does not reflect the most recent divestment actions.