The Passport Funds are TRS' lineup of investment choices. They are available to all in-service members and retirees under the TDA Program, and Tier I and II in-service members and retirees under the QPP. The Passport Funds provide the following investment offerings:

• Fixed Return Fund
• Diversified Equity Fund
• Balanced Fund^
• International Equity Fund
• Sustainable Equity Fund
• U.S. Equity Index Fund
• International Equity Index Fund

The Fixed Return Fund provides participants with a fixed rate of return, in accordance with applicable laws. The returns on the other six funds fluctuate monthly, so these are known as the "variable-return" Passport Funds.

^The Balanced Fund began as of January 1, 2018 and was preceded by the Bond Fund from 2012-2017 and the Stable-Value Fund before 2012.

See the following FAQs for brief descriptions of the Passport Funds. For more comprehensive information, read TRS' Fund Profiles.