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Fund Awards 2023 – Winners List
MPF Awards 2023 – Winners List
HOME
AWARDS INFORMATION
Hong Kong & Singapore
Taiwan 台灣
Winners List 2023
Fund Awards 2023
MPF Awards 2023
PAST WINNERS
Fund Awards 2022 – Premier Hub
Fund Awards 2022 – Winners List
MPF Awards 2022 – Winners List
FORUM
Gatekeepers Forum
Sustainable Wealth Forum
ABOUT
About Benchmark
About BlueOnion
Contact Us
Fund Awards 2023 – Winners List
MPF Awards 2023 – Winners List
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Category
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Also apply this submission for other Thematic Impact entries.
Sustainability Award - Thematic Impact
Name of firm
*
The Flagship Fund's name
*
The Fund's ISIN Code
*
Data as of the quarter-end
DD slash MM slash YYYY
Total Fund Size (including all share classes)
*
Total Number of Portfolio Manager(s)
*
Total Number of Analysts
*
Is this an SFDR-approved fund?
*
Please specify the Article number:
Pillar 1: Investment Approach
1. Investment style consistency: Who has the ultimate responsibility for keeping the investment style consistent under all conditions and circumstances?
Please select the closest answer.
The CIO
The CEO
The CFO, COO
The Chief Risk Officer
The lead portfolio manager/s of this strategy
Portfolio managers not directly managing this strategy
Research analysts directly supporting this strategy
Research analysts not supporting this strategy
The entire investment team
The investment committee
An individual or group other than the above
No person or team, or group is ultimately responsible
We do not know the answer
Additional Remarks, if any (maximum 250 words)
2. Investment style consistency: If the investment style deviates, are there material, negative consequences for the person with ultimate responsibility for ensuring style consistency?
Yes, there are material consequences, including bonus reduction, promotion freeze and/or specific financial consequences on the ultimately responsible individual
No, there are no material consequences
Additional Remarks, if any (maximum 250 words)
3. Do you take ESG as Investment/Divestment materiality consequences?
Yes.
No
Selected: Yes - How would you allocate ESG consequences as material impact for this particular strategy?
(The sum must add to 100%)
Environmental
Social
Governance
4. ESG as Investment Process [v]: Is ESG information is used in an investment product's investment process or stewardship activities?
Yes
No
Selected: Yes
The investment product's compliant presentation includes a description of the sources and types of ESG information used in the investment process or stewardship activities
As investment managers, we allocate efforts to evaluate the reliability of the ESG information used, including the following:
The portfolio managers are allowed to buy securities outside of the list of securities approved by the investment committee and/or CIO
The risk managers are consulted at one or more points during the research, investment, divestment processes
Selected: As investment managers, we allocate efforts to evaluate the reliability of the ESG information used, including the following:
independent evaluation of information reported by investees or provided by ESG data providers
cross-referencing two or more sources of information
evaluation of the accuracy or completeness of a dataset when determining the sources and types of ESG information that will be used in the investment process
evaluation of models that estimate or interpolate missing data elements
evaluation of how inherent uncertainty in specific data sets might affect investment decisions
establishment of data quality monitoring and controls
taking steps to validate anomalies, including notifying sources of potential errors
Additional Remarks, if any (maximum 250 words)
5. Is your flagship fund approved or aligned with the EU Sustainable Finance Disclosure Regulation (SFDR)?
Yes, our fund is approved/aligned with the SFDR – Article 8: environmental and socially promoting, and our integration Characteristics include the companies:
Yes, our fund is aligned with the SFDR – Article 9: products targeting sustainable investments as an objective, and our investment activities are targeted at:
No, we are not approved, but we are in the middle of an approval process
No, we are not approved, but we plan to obtain approval/becoming aligned
No, we are neither approved nor aligned, and we have no plans to do so within the next 12 months
No, but we are aligned with another framework:
Selected: Yes, our fund is approved/aligned with the SFDR – Article 8: environmental and socially promoting, and our integration Characteristics include the companies:
Not being involved in controversial environmental-related activities such as biological weapons, cluster bombs, uranium, mining, fossil fuel, hydraulic fracking, etc.
Not being involved in controversial social-related activities such as animal cruelty, animal testing, alcohol, games adult, tobacco, etc.
UNGC alignment at least 5 out of the 10 principles
Sound management structure such as independence of the Chairman, independence of most of the directors, etc.
Sound Employee Relation such as measuring employees’ satisfaction, employee’s safety and health, etc.
Other characteristics that may apply, and please define the qualitative metrics:
Selected: Other characteristics that may apply, and please define the qualitative metrics:
Selected: Yes, our fund is aligned with the SFDR – Article 9: products targeting sustainable investments as an objective, and our investment activities are targeted at:
That contributes to an environmental objective, such as the use of energy, renewable energy, raw materials, water and land, the production of waste, greenhouse gas emissions, etc.
That contributes to a social objective, particularly an investment tackling inequality or fostering social cohesion, social integration, labor relations, etc.
That follow good governance practices, particularly sound management structures, employee relations, etc.
Do no significant harm
That has at least one stream of green revenue
That engage in at least one Environmental related SDG
That encounter in at least one Social related SDG
That does PAI screening
That abide by International norms such as the ILO Conventions or OECD Guidelines
That is aligned with the UNGC
Selected: No, but we are aligned with another framework: Please specify the framework(s) you are aligned with:
Additional Remarks, if any (maximum 250 words)
6. To what extent do you consider Principal Adverse Impact (PAI)?
Yes, we consider principal adverse impacts, whether material or likely to be material, of investment decisions on sustainability factors
We integrate with our processes, including in our due diligence processes, the procedures for considering the principal adverse impacts alongside the relevant financial risks and relevant sustainability risks
We use indicators as adverse sustainability factors which have a negative effect on sustainability, whether environmental or social-related ones, which are linked to investment decisions
We assess Environmental KPIs, including:
We assess Social KPIs, including:
We assess Governance KPIs, including:
Selected: We assess Environmental KPIs, including:
Air Emissions
Energy Management
Environmental Management
Habitat Protection
Waste Management
Water Management
Other KPIs that may apply, and please define the qualitative metrics such as deforestation policy, biodiversity protection, water strategy, etc. applicable to the Environmental pillar:
Please define the qualitative metrics such as deforestation policy, biodiversity protection, water strategy, etc. applicable to the Environmental pillar:
Selected: We assess Social KPIs, including:
Human Capital-Diversity
Human Capital-Human Rights
Human Capital-Safety & Health
Supply Chain Management
Other KPIs that may apply, and please define the qualitative metrics such as forced labor, child labor, social grievance mechanisms, supplier code of conduct, etc. applicable to the Social pillar:
Please define the qualitative metrics such as forced labor, child labor, social grievance mechanisms, supplier code of conduct, etc. applicable to the Social pillar:
Selected: We assess Governance KPIs, including:
Anti-Corruption
Business Ethics
Management & Board
Other KPIs that may apply, and please define the qualitative metrics such as anti-corruption policy, anti-competitive legal proceedings, whistleblowing, etc. applicable to the Governance pillar:
Please define the qualitative metrics such as anti-corruption policy, anti-competitive legal proceedings, whistleblowing, etc. applicable to the Governance pillar:
7. Is your strategy aligned with the TCFD recommendations?
Yes
No, we do not consider TCFD as a guideline
No, we did not consider TCFD as a guideline, but we have plans to implement this framework within the next 12 months
Selected: Yes - Please explain your policies and actions taken towards the four major themes:
I. Governance: How is your organization’s governance designed around climate-related risks and opportunities?
II. Strategy: What does your organization’s strategy address the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, approach, and financial planning?
III. Risk Management: What are the processes used by your organization to identify, assess, and manage climate-related risks?
IV. Metrics and Targets: What are the high-level metrics and targets used to assess and manage relevant climate-related risks and opportunities?
8. Is your flagship fund aligned with the United Nations Sustainable Development Goals (UNSDG)?
Yes
No
Selected: Yes - Which are UNSDG you have targeted to achieve impact?
Please select all that apply.
Goal 1: No Poverty
Goal 2: Zero Hunger
Goal 3: Good Health and Well-Being
Goal 4: Quality Education
Goal 5: Gender Equality
Goal 6: Clean Water and Sanitation
Goal 7: Affordable and Clean Energy
Goal 8: Decent Work and Economic Growth
Goal 9: Industry, Innovation, and Infrastructure
Goal 10: Reduced Inequalities
Goal 11: Sustainable Cities and Communities
Goal 12: Responsible Consumption and Production
Goal 13: Climate Action
Goal 14: Life Below Water
Goal 15: Life on Land
Goal 16: Peace, Justice, and Strong Institutions
Goal 17: Partnerships
9. Does your initiative target to create environmental impact?
Please select all that apply in the environmental themes below.
Energy Efficiency
Green Buildings
Renewable Energy
Sustainable Agriculture
Sustainable Forestry
Water
Others (please specify)
Please specify.
10. Does your initiative target to create social impact?
Please select all that apply in the environmental themes below.
Affordable Housing
Education
Health
Food
Inclusive Finance
Others (please specify)
Please specify.
11. What is your primary approach to impact investment?
Please select all statements that apply to you:
I invest solely (i.e., 95-100% of the portfolio) in companies that offer products and services that generate positive, material, social, or environmental outcomes
I invest 50-60% of the portfolio in companies that offer products and services that generate positive, material, social, or environmental outcomes
I invest 60-75% of the portfolio in companies that offer products and services that generate positive, material, social, or environmental outcomes
I invest more than 75% of the portfolio, but less than 95%, in companies that offer products and services that generate positive, material, social, and environmental outcomes
I look for companies and projects that target financial inclusion, combating diseases, telecom services for under-served groups
I look for companies and projects that produce environmental benefits through cleantech for pollution prevention, green building, sustainable water
I look for more impact factors that the above
We do not have any formalized policies or investment approaches in place
Other responses (please specify)
Please specify.
12. Please describe how you measure quantifiable, non-financial returns (i.e., social or environmental impact) post-investment.
Minimum 150 words, maximum of 500 words.
13. What has been the critical social or environmental benefits generated by the fund in the three years to 30 June 2022 (if the fund has a shorter track record, then please mention the results since inception).
Minimum 150 words, maximum of 500 words.
Pillar 2: Portfolio Management
1. Portfolio level ESG characteristics [iii]: We have decided ESG criteria to be used as our portfolio characteristics that include:
Scope 1 and Scope 2 greenhouse gas emissions
asset-weighted percentage of the portfolio invested in green bonds
asset-weighted percentage of the portfolio invested in economic activities deemed to be sustainable by a regulatory or third-party classification standard
board gender diversity
breakdown of energy consumption by type of non-renewable sources of energy
share of investments in investee companies that have been involved in violations of the UN Global Compact principles or OECD Guidelines for Multinational Enterprises
exposure to specific industries, sectors, and geographies with adverse impacts on
ESG issues
exposure to specific industries, sectors, and companies that aid transition to a low-carbon economy
the ratio of "green" investments to "brown" investments
We do not have an established portfolio-level criterion that is based on ESG information or ESG issues
2. ESG based Securities Selection criteria[iii]: We take steps to incorporate financially material ESG information alongside traditional financial information in financial analysis and valuation of the investment product's investments:
Companies and issuers that have an environmental score in the bottom 50% of their industry-based peer group are excluded from our security selection universe
Bottom 50% of their industry-based peer group are excluded from our security selection universe
Equity securities that score in the top 50% are then screened for financial criteria, including but not limited to thresholds for earnings growth estimates and price-to-earnings ratios
3. The number of holdings [i]: What is the average number of securities in the fund over the last 3 years?
Below 30
30 - 44
45 - 59
60 - 74
75 - 89
90 - 104
105 - 119
120 and above
Inception period less than 3 years
4. Security weight: What determines the weight of each security?
Please select all that apply:
Liquidity at the security level
Liquidity at the portfolio level
Correlation with other securities in the portfolio
Potential risk-adjusted returns relative to other securities in the portfolio
Potential to produce alpha
Material[ii] ESG merits of the investee
Investee's response to our fund's/firm's engagement on material[ii] ESG issues
Portfolio limits (explicit limits or soft guidelines) such as single issuer, single security, etc.
We have no predetermined guidelines; the portfolio manager acts at their discretion
Additional Remarks, if any (maximum 250 words)
5a. Investment Bases: Our investment decisions are substantively based on the following.
Please select all that apply:
Security's liquidity in the secondary market
Valuation
Target price
Risk/return profile of a security relative to other positions in the portfolio
Investee's cash flow
Investee's ability to meet liabilities promptly/ credit quality
The ability of investee to benefit from structural changes in its industry
Investee's key management's track record
Validity of our investment thesis
Downgrade/upgrade of the investee by our analysts
Downgrade/upgrade of the investee by sell-side analysts
Rumors
ESG factors improving
Investee's response to our fund's/firm's ESG engagement
Market timing
Signals generated by our quantitative, big data models or other similar methods
The security's drawdown exceeds our limits within a given time frame
Environmental factors have (or likely will have) a material[ii] impact on the investee's earnings, cash flow, competitiveness, business resilience, reputation, and other risk-return balance
Social factors have (or likely will have) a material[ii] impact on the investee's earnings, cash flow, competitiveness, business resilience, reputation, and other risk-return balance. In the case of investing, the material impact is positive.
Governance factors have (or likely will have) a material[ii] impact on the investee's earnings, cash flow, competitiveness, business resilience, reputation, and other risk-return balance. In the case of investing, the material impact is positive.
We do not have a system or method of arriving at a basis for investment/divestment. The portfolio manager acts according to their wishes.
Additional Remarks, if any (maximum 250 words)
5b. Divestment Bases: Our divestment decisions are substantively based on the following.
Please select all that apply:
Security's liquidity in the secondary market
Valuation
Target price
Risk/return profile of a security relative to other positions in the portfolio
Investee's cash flow
Investee's ability to meet liabilities promptly/ credit quality
The ability of investee to benefit from structural changes in its industry
Investee's key management's track record
Validity of our investment thesis
Downgrade/upgrade of the investee by our own analysts
Downgrade/upgrade of the investee by sell-side analysts
Rumors
ESG factors deteriorating
Investee's response to our fund's/firm's ESG engagement
Market timing
Signals generated by our quantitative, big data models or other similar methods
The security's drawdown exceeds our limits within a given time frame
Environmental factors have (or likely will have) a material[ii] impact on the investee's earnings, cash flow, competitiveness, business resilience, reputation, and other risk-return balance
Social factors have (or likely will have) a material[ii] impact on the investee's earnings, cash flow, competitiveness, business resilience, reputation, and other risk-return balance. The material impact is negative, and the investee is not taking adequate steps to address these material social factors.
Governance factors have (or likely will have) a material[ii] impact on the investee's earnings, cash flow, competitiveness, business resilience, reputation, and other risk-return balance. The material impact is negative, and the investee is not taking adequate steps to address these material governance factors.
We do not have a system or method of arriving at a basis for investment/divestment. The portfolio manager acts according to their wishes.
Additional Remarks, if any (maximum 250 words)
6. Portfolio managers' turnover: What is the portfolio managers' turnover rate over the last 12 months?
Please provide a turnover rate for the PMs responsible for this strategy. Please include those who took early retirement.
<30%
<50%
>51% but less than 70%
>71%
7. Analysts' turnover: What is the analysts' turnover rate over the last 12 months?
Please provide a turnover rate for the analysts responsible for this strategy. Please include those who took early retirement.
<10%
<30%
<50%
>51% but less than 70%
>71%
8. Research resources: How many securities does each analyst responsible for this fund cover on average?
Fewer than 50
50 - 69
70 - 89
90 - 109
110 - 129
130 or more
9. Research depth: What types of research do you rely on to make investment decisions?
Select all that are applicable:
Our proprietary financial models
Site visits to investees' facilities: We observe operational employees' effectiveness, productivity, attitude, initiative
Site visits to investees: We observe the key processes or production of items that are salient to the investees' competitiveness
One-to-one conversations with investees' management outside of scheduled conferences for all investment analysts
We verify investees' claims with informed third parties, including but not limited to suppliers, customers, distributors, competitors, and industry specialists
Earnings conference calls or meetings with investees' management which are scheduled for all investment analysts
Independent consultants specializing in specific sectors, technologies, geographies, economies, factors, etc.
Sell-side brokers' research
None of the above
Additional Remarks, if any (maximum 250 words)
Pillar 3: Performance & Risk Management
1. Investment cap per investor[ii]: Do you limit each investor's investment to a certain percentage of the fund's total AUM to restrict overexposure to any single investor?
Yes, we currently have a cap and the maximum[iii] each investor can invest into the fund:
No, we do NOT currently have a cap but have concrete[i] plans to institute one within the next 12 months
No, we do not currently have a cap and have NO definite plans for one
Selected: Yes, we currently have a cap and the maximum[iii] each investor can invest into the fund:
Each investor is allowed to invest a maximum of up to 10% of the Fund's AUM
Each investor is allowed to invest a maximum of up to 11-15% of the Fund's AUM
Each investor is allowed to invest a maximum of up to 16-20% of the Fund's AUM
Each investor is allowed to invest a maximum of up to 21-30% of the Fund's AUM
Each investor is allowed to invest a maximum of up to 31-40% of the Fund's AUM
Each investor may account for more than 40% of the Fund's AUM
2. The Flagship fund’s NET returns [iv] relative to a comparable, non-ESG benchmark
0 - 1% ABOVE benchmark per annum
1.1 - 2% ABOVE benchmark per annum
2.1 - 3% ABOVE benchmark per annum
3.1 - 4% ABOVE benchmark per annum
4.1 - 5% ABOVE benchmark per annum
More than 5% ABOVE benchmark per annum
0.1 - 1% BELOW benchmark per annum
1.1 - 2% BELOW benchmark per annum
2.1 – 3% BELOW benchmark per annum
3.1 – 4% BELOW benchmark per annum
4.1 – 5% BELOW benchmark per annum
More than 5% BELOW benchmark per annum
3. Portfolio liquidity: When investing in companies for impact, we consider short-to-medium liquidity at the company level.
Please select all that apply.
We target businesses that listed equity firms and large privately-owned companies that can have an impact at scale
We target low, and mid-liquidity and maturity impact companies as well as more innovative companies and can have more disruptive impacts on society and the environment
We do not focus on illiquid or early-stage impact investing companies and businesses; instead, we explore opportunities to identify and measure large, mature, and liquid companies operating in the impact investing field
We focus on the theory of change, the concept of additionality, and purpose-driven companies and consider liquidity secondary
Other responses (please specify)
Please specify.
4. Drawdown recovery: How long did it take for the fund to recover[v] from its maximum drawdown since inception?
Please select only one answer
6 weeks or fewer
7-12 weeks
13-18 weeks
19-24 weeks
25-30 weeks
31-37 weeks
38-43 weeks
44-49 weeks
50 weeks or more
The fund's drawdown occurred less than 24 weeks ago, at the time of this submission, and has not yet fully recovered
We prefer not to divulge information about the fund's recovery from its steepest drawdown during this period
5. Have climate-related risks been assessed on this fund or strategy?
Please select only one answer
Yes, we assess both transition risk and physical risks
Yes, we assess transition risks
Yes, we assess physical risks
No, but we have concrete plans, with a definite schedule, to perform climate-related risk assessment within the next 12 months
No, and we have NO concrete plans to perform any climate-related risk assessment within the next 12 months
No, we do not know whether any climate-related risk assessment has been performed during this time, and we are not aware of concrete plans for one
6. Have scenario analysis have been applied on the climate-related risk assessment?
Please select only one answer
Yes, we have applied scenario analysis and developed 1.5°C or lower transition scenarios
Yes, we have applied scenario analysis and developed 2°C or lower transition scenarios
Yes, we have applied scenario analysis, but the transition scenarios are above 2°C
No, but we have concrete plans, with a definite schedule, to apply scenario analysis within the next 12 months
No, and we have NO concrete plans to apply scenario analysis within the next 12 months
No, we do not know whether any scenario analysis has been applied during this time, and we are not aware of concrete plans for one
7. Have quantitative evaluation been adopted in the climate-risk assessment?
Please select only one answer
Yes, we have quantitative evaluation. The level of impact is high, in which financial loss is over 30%
Yes, we have quantitative evaluation. The level of impact is medium, in which financial loss between 10-30%
Yes, we have quantitative evaluation. The level of impact is low, in which financial loss is over less than 10%
No, we do not have quantitative evaluation.
8-10. Actual Example - Only shortlisted candidates who made it to the Gatekeeper Forum will be required to complete actual example.
Pillar 4: Stewardship
1. Stewardship Activity: Engagement activities [iv] have been undertaken on behalf of investors to put stewardship into effect. These activities include:
Participation in a shareholder meeting
Casting, abstaining, or withholding a vote on a management or shareholder resolution, on management or shareholder resolution
Filing a shareholder resolution
Commencement, continuation, modification, or discontinuation of an engagement with an investee company
Enforcement of covenants
Exercise of warrants or embedded options
Lending of securities
Taking a seat on the board of directors of an investee company, hiring, firing, and directing the management of an investee company
Maintenance and improvement of real estate and physical assets
Advocating for strong environmental, social, or governance practices
Stating a position or advocating for or against public policies or proposals that affect, or may affect, the investment product
2. Stewardship Monitoring scope: Our stewardship for investees/potential investees monitoring scopes include the following:
On material[ii] environmental issues
On carbon footprint and exposures to climate risk
On material[ii] social issues
On material[ii] governance issues
On corporate culture and remuneration
On capital structure
On strategy
On overall material risks
On transparency
We do not currently monitor any of the above, BUT we have concrete[iii] plans to begin monitoring at least some of the above within the next 12 months
Do not do any of the above and have no concrete[iii] plans to do so
Additional Remarks, if any (maximum 250 words)
3. Stewardship Team: A dedicated stewardship team [iv] is set up to flag specific companies and issues for engagement which includes the undertakings below:
All written communications and meeting records, including targeted outcomes of the engagement, are logged in the stewardship management system
Engagement is undertaken with the intent to improve a company's environmental and social resource management and to reduce risks related to environmental and social practices or activities
Engagement activities include in-person and virtual meetings, written correspondence, and emails
Engagement may occur with a company's board of directors, executive management, or investor relations and may be conducted independently or in collaboration with other investors through the fund's proxy voting and engagement service provider
The Fund's Stewardship Team reviews progress toward each engagement effort quarterly against the targeted outcomes and determines next steps as needed
Additional Remarks, if any (maximum 250 words)
4. Proxy Voting: At the product level, we have transparent proxy voting [iv] policies that are unique to this particular investment strategy:
Yes
We do not vote
We cannot/prefer not to divulge our voting practices
Selected: Yes
We disclose that the portfolio managers undertake proxy voting for the investment product while investee engagements are handled at the organizational level
The firm's Proxy Voting Committee purely determines voting decisions
The firm's Proxy Voting Committee determines voting decisions in conjunction with input from the strategy teams and a third-party proxy advisor
All proxy votes are recorded and stored in our internal proxy voting and engagement system
When voting against management, the following issues are typically prioritized based on:
We may vote against management on an issue, and when the Proxy Voting Committee has voted against management on an issue:
Selected: When voting against management, the following issues are typically prioritized based on:
Their potential to affect a company's financial performance
Board independence
Accountability
Shareholder rights
Transparency
ESG reporting
Workplace health and safety issues
Environmental resource management issues that may increase the likelihood of regulatory fines or risks
Selected: We may vote against management on an issue, and when the Proxy Voting Committee has voted against management on an issue:
The engagement team initiates an engagement effort to discuss our specific concerns with management
We engage with companies to encourage best governance practices, including those related to reporting on material ESG information
An engagement effort will be initiated, and a file is created in our proxy voting and engagement system that includes the company name, the specific issue identified, the targeted outcome, and a copy of the initial written communication
An automatic alert for review of each individual engagement effort is put in place based on the recommended follow-up time frame
Engagement efforts and progress are tracked and reviewed on an ongoing basis by the engagement team
Continued engagement efforts are recommended per our engagement policy
All written communications and summaries of any meetings with company management are documented and maintained in the centralized internal database
The engagement team provides quarterly updates to portfolio managers and meets with them as needed
Additional Remarks, if any (maximum 250 words)
5. Voting Disclosure: Please select the statements that describe your firm's practices related to voting.
You may select more than one statement:
Our disclosure on voting is available to ALL investors, from retail to institutional asset owners, without them having to make a request, i.e., the disclosure is on our website or another electronically accessible venue
Our disclosure on voting is available ONLY to institutional asset owners, including family offices, without them having to make a request, i.e., the disclosure is electronically accessible to them
We disclose our votes and rationale ONLY if an investor asks for disclosure
In our disclosures, we explain in plain, clear, unambiguous language the rationale behind every vote
In our disclosures, we explain the rationale behind every vote, BUT we do not make an effort to present it in plain language, clear, unambiguous language
We do not currently disclose our votes and rationale, but we have concrete plans to do so within the next 12 months
We do not disclose and have no plans to disclose our voting
We do not vote
We cannot/prefer not to divulge our voting practices
Additional Remarks, if any (maximum 250 words)
6. Engagement frequency: Teamwide over the last 1 year, we have engaged with investees/potential investees on the material[ii] issues selected above:
Please include both collective engagement and engagement conducted on your own.
Once a year on average
Twice a year on average
Once a quarter on average
Once every two months on average
Once a month on average
More frequently than once a month on average
We currently have no engagement
Additional Remarks, if any (maximum 250 words)
7. Engagement Disclosure: Do you disclose your key engagement activities, along with the outcomes, to investors?
Yes, we disclose in a separate report devoted to stewardship (electronic or printed)
Yes, we disclose as part of scheduled reporting, such as factsheets and annual reports, etc
Yes, we disclose on our website, which is accessible to investors
Yes, we disclose but only when investors request for it
No, we do not currently disclose, but we have concrete[iii] plans within the next 12 months
No, we do not currently disclose and have no concrete[iii] plans to disclose
Additional Remarks, if any (maximum 250 words)
8. Actual Example - Please provide an ACTUAL example of how you executed ONE of the following, in a maximum of 500 words.
An investment/divestment/change in security weight resulting from your engagement activities
How your stewardship code/framework/philosophy/methods/approach has, or has, evolved over the years. How do these changes affect investors and the community your firm operates in?
How you've adapted your firm's stewardship practices/approaches for Asia, the rationale behind the adaptation/s and the outcome/s
Please briefly describe the critical challenge/s, actions taken, results and lessons learned:
Pillar 5: Corporate Responsibility and Strength
Please complete this pillar in separate "Pillar 5: Corporate Responsibility and Strength" questionnaire. You will only need to respond to Pillar 5 ONCE for all your firm's investment strategies.
Please provide the following attachments:
- Prospectus
- Fact Sheet (Oldest Share Class)
- Fact Sheet (Newest Share Class)
- KFS
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