The Fund does not invest in companies that derive any revenue from manufacturing tobacco products, including e-cigarettes and inhalers.

The Fund may invest in the distribution and retailing of tobacco products or packaging.

The Fund does not invest in companies that derive more than 5% of their revenues directly from manufacturing of alcoholic products and beverages. This does not include the distribution and retailing of alcoholic products and beverages.

The Fund does not invest in companies that derive any revenue from manufacturing or distributing controversial or nuclear weapons.

The Fund does not invest in companies that derive more than 5% of their revenues from manufacturing or distributing civilian or conventional weapons.

The Fund does not invest in companies that derive more than 5% of their revenues from thermal and metallurgical coal mining, conventional and unconventional oil and gas extraction and production, energy generation from coal, oil and gas, or equity ownership of the previously listed.

U Ethical avoids investing in companies that exhibit non-compliance with environmental legislation, breaches and violations of regulatory and statutory frameworks leading to negative impacts resulting from environmental damage such as biodiversity and land use, toxic emissions and waste.

The Fund does not invest in companies that derive more than 5% of their revenues from animal cruelty and exploitation, such as animal testing for non-medical purposes.

The Fund does not invest in companies that derive more than 5% of their revenues from ownership and operation of gambling facilities, gambling or wagering products or services, and online gambling.

The Fund does not invest in companies that derive more than 5% of their revenues from making, distribution or retailing of products or services where the dominant theme is sexually explicit conduct.

U Ethical screens companies or issuers for breaches and violations that are inconsistent with its ethical position on the underlying principles of global norms and conventions, such as the United Nation Global Compact (UNGC).

U Ethical screens companies or issuers for breaches and violations that are inconsistent with its ethical position on the underlying principles of global norms and conventions, such as the United Nations Guiding Principles on Business and Human Rights (UNGP).

U Ethical screens companies or issuers for breaches and violations that are inconsistent with its ethical position on the underlying principles of global norms and conventions, such as the OECD Guidelines for Multinational Enterprises.

U Ethical screens companies or issuers for breaches and violations that are inconsistent with its ethical position on the underlying principles of global norms and conventions, such as the International Labour Organisation (ILO) Conventions.

U Ethical assesses Australian and international equities product and services revenue alignment to the United Nations Sustainable development Goals. All 17 UN SDGs are assessed in the net alignment analysis from Strongly Aligned to Strongly Misaligned.