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The fund's aim is to achieve capital growth over the long term. The Fund's investment policy is to invest in companies, which meet defined ethical criteria predominantly in the UK, although the Authorised Corporate Director (ACD) may invest internationally when appropriate. The fund has an independent Committee of Reference, which has the responsibility for defining these criteria from time to time, and for ensuring that companies selected for the portfolio meet the criteria. Under the direction of the Committee of Reference, the ACD will at all times: a) seek to invest in companies which produce a sound return and benefit the community in which they operate or the environment in general. b) avoid investing in companies with any significant involvement in gambling, the arms trade or any other activities considered to have an adverse overall effect on health, the environment or human dignity. The fund may also invest in companies quoted on the Alternative Investment Market in the UK and on similar stockmarkets overseas.