Apple  (AAPL) , Facebook (FB) and some 300 other companies are part of a new exchange traded fund tracking companies offering LGBT equality.

The fund is called the InsightShares LGBT Employment Equality ETF (PRID) and launched in January 2018. The fund lost 4.6% of value since its launch, compared to a 5.3% decline for the S&P 500.

"To be included in the ETF, you have to meet certain financial criteria," said Rich Cea, executive director of exchange traded products at UBS (UBS) . "But the key thing is that we utilize the Human Rights Campaign's Corporate Equality Index where they rate companies based on how well they promote workplace equality for LGBT employees -- and you have to get an 85 or higher out of 100 on that to be included."

Want exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

Watch all of Jim Cramer's full NYSE live shows right here:

More from Video

Immigration, Instagram and Oil - Here's What You Can't Miss Wednesday

Immigration, Instagram and Oil - Here's What You Can't Miss Wednesday

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

3 Ways to Fix Starbucks Biggest Challenges

3 Ways to Fix Starbucks Biggest Challenges

2 Things Fed Chairman Jerome Powell Just Said Upset Investors

2 Things Fed Chairman Jerome Powell Just Said Upset Investors

Jim Cramer: Oil Needs to Go Down to See Worldwide Growth Pick Up

Jim Cramer: Oil Needs to Go Down to See Worldwide Growth Pick Up