Funeral Fund

Product Name

Funeral Fund

Issuer

UCA Funds Management

Category

Investment product

Type

Fund/Trust

Target

Retail, Wholesale

Certified Since

2005

Certification Symbol

Ethical

Asset Classes

Fixed income & cash

Markets

Australia

Investment Approaches

Negative Screening, Positive Screening

It Includes

  • Riaa icons 10 Renewable energy
  • Riaa icons 12 Healthcare & medical products
  • Riaa icons 15 Social & community infrastructure

It Excludes

  • Riaa icons 33 Fossil fuels
  • Riaa icons 34 Logging
  • Riaa icons 35 Tobacco
  • Riaa icons 50 Nuclear energy (including uranium)
  • Riaa icons 52 Human rights violations
  • Riaa icons 36 Armaments
  • Riaa icons 41 Alcohol
  • Riaa icons 42 Gambling
  • Riaa icons 55 Pornography

Overview

A UCA Funds Management Funeral Fund account is a simple way to make sure there’s no burden on the ones who are left behind. Without it your family may have to find the money before probate is granted, something that can take months. The investment and accumulated interest earned by your Funeral Fund will be put towards the funeral expenses. The executor simply presents the invoices or proof of payment of such invoices for your funeral expenses to UCA Funds Management and any remaining balance will be paid into your estate.


Description


The Funeral Fund is invested consistent with UCA Fund Management's Ethical investment philosophy. This philosophy dictates that all the Funds, including the Portfolios, operated by UCA Funds Management are managed within the Ethical Investment Policy approved by The Uniting Church in Australia, Synod of Victoria and Tasmania. It encompasses environmental, social, governance and labour considerations. Responsible stewardship of resources is fundamental to the investment strategy. UCA Funds Management employs an ethical screen to assist it in selecting appropriate investments to meet these objectives. 
 
UCA Funds Management’s mantra is 360° ethical® investing. This has four elements: 
1.To maintain consistently competitive investment returns; 
2.To adhere to a clearly articulated, integrated ethical investment policy; 
3.To be a leading example of how an ethical funds manager operates; and 
4.To give our operating surplus to community services, advocacy and mission-based activities. 
  
UCA Funds Management avoids investing in companies whose products, services or practices cause or perpetuate injustice and suffering, infringe human rights or cause unacceptable damage to the natural environment. Industries included are armaments, uranium, gambling, alcohol production, tobacco manufacturing and pornography. Companies are also excluded if their products, services or practices infringe human rights, have unacceptable occupational health and safety or environmental management, and support oppressive regimes. UCA Funds Management recognises there will be occasions when companies inadvertently breach some of the principles and where genuine efforts are made to rectify the breaches. UCA Funds Management will not prohibit investment in a company where a breach of the principles, in relation to its products or services, constitutes no more than 5% of the company’s activities; the breach may be balanced by other positive actions. UCA Funds Management acknowledges decisions will always be complex involving a balance between positive and negative factors. 
 
UCA Funds Management seeks to invest in companies which promote human welfare, dignity and respect, and for the general good. This includes companies whose products, services and practices enhance health and welfare, and preserve the environment. This includes companies involved in clean energy, recycling, employment, health care and community services.

Other products certified by this organisation

Uniting Ethical Australian Equities Trust

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UCA Australian Equities Portfolio

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UCA Enhanced Cash Portfolio

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