Uniting Ethical Australian Equities Trust

Product Name

Uniting Ethical Australian Equities Trust

Issuer

UCA Funds Management

Category

Investment product

Type

Fund/Trust

Target

Retail

Certified Since

2004

Certification Symbol

Ethical

Asset Classes

Equities - Australian only

Markets

Australia

Investment Approaches

Positive Screening, Negative Screening, Accompanied by social activism, active voting of proxies and corporate engagement

It Includes

  • Riaa icons 11 More sustainable companies
  • Investment2 Social impact investments
  • Riaa icons 10 Renewable energy
  • Riaa icons 32 Green property
  • Riaa icons 12 Healthcare & medical products
  • Riaa icons 13 Sustainable transport
  • Riaa icons 14 Education
  • Riaa icons 15 Social & community infrastructure
  • Riaa icons 31 Sustainable water
  • Riaa icons 30 Sustainable land management & agriculture

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 abuses
  • Riaa icons 38 Labour rights violations
  • Riaa icons 56 Animal welfare
  • Riaa icons 36 Armaments
  • Riaa icons 41 Alcohol
  • Riaa icons 42 Gambling
  • Riaa icons 55 Pornography

Overview

The Uniting Ethical Australian Equities Trust aims to provide moderate tax effective income and long term capital growth by investing in listed Australian equities according to socially responsible and ethical principles. It gains its exposure to cash and fixed interest securities by investing in the UCA Enhanced Cash Portfolio. UCA Funds Management investments are consistent with ethical values and good financial stewardship and management fees (after costs) are given to the Uniting Church to support community services, advocacy and mission-based activities.


Description


The Trust applies an integrated Ethical Investment Policy in selecting its investments. 

The Ethical Investment Policy contains a negative screen which restricts investment in securities with a material exposure to the following excluded activities: armaments, uranium, gambling, alcohol production, tobacco manufacturing, pornography, thermal coal mining and exports, and unconventional oil and gas extraction. 

UCA Funds Management will also not invest in companies whose products, services and practices cause or perpetuate injustice and suffering, infringe human rights, cause unacceptable damage to the natural environment, have unacceptable environmental management practices, support oppressive regimes, or have unacceptable occupational health and safety practices.

A positive screen then directs at least 10 per cent of the Trust towards investments with a socially useful purpose. This includes clean energy, sustainable agriculture, recycling, employment, community services, education and health care.

The UCA Enhanced Cash Portfolio in which the Trust is invested, aims to invest directly in a balanced mix of cash and cashable securities, fixed interest securities (including hybrid securities, debentures, corporate bonds and mortgage backed securities), commercial mortgages and community impact loans. 

Other products certified by the Responsible Investment Association Australasia (RIAA)

UCA Enhanced Cash Portfolio

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UCA Australian Equities Portfolio

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UCA Funds Management Funeral Fund

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