Criteria that are applied to all Didner & Gerge funds

We do not invest in companies that violate international norms or agreements. Controversial weapons include cluster bombs, anti-personnel mines and chemical, biological and nuclear weapons. Involvement in this sector refers to production (manufacture), distribution (sales), development, use, maintenance, import or export, storage or transport of key components that are specifically designed for controversial weapons.

The category includes oil, oil sand, gas and coal, as well as hydraulic fracturing (fracking) of shale oil. Involvement in this sector refers to production (extraction/exploration/refining) or distribution (sales). Energy companies that use fossil fuels in their energy supply are also included in connection with sales of fossil fuels. Does not refer to transport, storage or related products and services. We apply the following limits to our investments with regard to each activity where turnover is derived from either production or distribution:

Production/Exploration 5%

Distribution: 20%

We apply zero tolerance to production and distribution in relation to Arctic oil drilling and coal mining.

Involvement in this sector refers to production with regard to processing and enrichment, fuel production and operation of nuclear reactors.

Production: 5%

Involvement in this sector refers to production with regard to uranium mining and uranium exploration.

Production: 5%

Refers to gambling and betting operations. This includes lotteries, on-line gambling, mobile gambling and sporting events that allow betting of money. Also refers to special equipment and tailored services, such as manufacturers of physical gambling machines and roulette wheels or developers of casino games. Does not refer to computer games companies. We do not invest in companies where more than five percent of turnover is derived from production or distribution of commercial gambling products.

Production: 5%

Distribution: 5%

Involvement in this sector refers either to production (manufacture of pornographic material) or distribution (sales of pornographic material). Distribution refers, for example, to media companies that own and operate cable, satellite and on-line channels with pornographic content. Does not refer to telecom and internet operators or web hosting services. We apply zero tolerance regarding companies that produce pornographic material and we do not invest in companies where more than five percent of the company’s turnover is derived from distribution of pornographic material.

Production: 0%

Distribution: 5%

Involvement in this sector refers either to production (manufacture) or distribution (sales) of tobacco products. Tobacco products refer to moist tobacco (“snus”), cigarettes, pipe and chewing tobacco and e-cigarettes. Distribution refers to companies that derive more than five percent of their turnover from sales of tobacco products. We apply zero tolerance regarding companies that produce tobacco products and we do not invest in companies where more than five percent of the company’s turnover is derived from distribution of tobacco products. Does not refer to related products and services, such as paper and paperboard manufacturing.

Production: 0%

Distribution: 5%

Involvement in this sector refers to production (manufacture) or distribution (sales) of cannabis for non-medical purposes/recreational use (not medical cannabis in prescription drugs). We apply zero tolerance regarding companies that produce cannabis for non-medical purposes, and we do not invest in companies where more than five percent of the company’s turnover is derived from distribution of this type of cannabis. Distribution refers to companies that derive more than five percent of their turnover from sales of cannabis products. Does not refer to related products and services, such as plastic components or packaging materials.

Production: 0%

Distribution: 5%