We are very pleased to announce the addition of the Trojan Ethical fund into our Academy of Funds with a Responsible A rating. The Trojan Ethical fund follows the same consistent and successful approach as the group's flagship Trojan fund, with the key difference between the two funds being, Trojan Ethical has an ethical screen which excludes specific industries and sectors. The fund has been managed since its launch, in March 2019, by Charlotte Yonge who is also deputy manager of the Trojan fund. We think the simple and transparent investment approach of the fund, along with its clear exclusionary policy will appeal to investors wanting capital growth, but who also wish to avoid specific industries and businesses when allocating their capital.