We sincerely follow ethical investment guidelines by avoiding any dealings with companies involved in:

Production and sale of alcohol
Production and sale of tobacco
Production and sale of vulgar entertainment
Lending and borrowing on interest

We also look for financial parameters to comply with ethical including:

Debt to Assets

Exclude companies for which Total Debt divided by Trailing 12-Month Average Market Capitalization is greater than or equal to 33%. (Note: Total Debt = Short-Term Debt + Current Portion of Long-Term Debt + Long-Term Debt)

Liquid Assets to Total Assets

Exclude companies for which the sum of Cash and Interest-Bearing Securities divided by Trailing 12-Month Average Market Capitalization is greater than or equal to 33%.

Receivables to Assets

Exclude companies if Accounts Receivables divided by TTMAMC (Total Debt divided by Trailing Twelve Month Average Market Capitalization) is greater than or equal to 33%. (Note: Accounts Receivables = Current Receivables + Long-Term Receivables). Receivables (current + long term) should not be more than 45% of the total assets.