Submission – ETF House Award

House Award for Equity ETF

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Also apply this submission for other Equity ETF entries.

Name of firm*

The Flagship Fund's name*

The Fund's ISIN Code*

Data as of the quarter-end

Pillar 2: Execution & Performance
1. Effectiveness: Please select only one response related to performance in the last 12 months.
[i] Net of all costs and charges borne by investors.

My index-tracking ETF's R-squared is below 75%

My index-tracking ETF's R-squared is between 75% - 85%

My index-tracking ETF's R-squared is above 85%

My ACTIVELY MANAGED ETF's NET[i] Alpha is above 0

My ACTIVELY MANAGED ETF's NET[i] Alpha is below 0
2. Expense ratio: What is your ETF's expense ratio, over the past 12 months, compared with its peer group average (for example China A-share ETFs, fixed income ETFs, active ETFs, etc.)?
Please select only one response.

More than 25 basis points ABOVE average

20 - 25 basis points ABOVE average

Between 15 -20 basis points ABOVE average

Between 10 - 15 basis points ABOVE average

Between 1 - 10 basis points ABOVE average

0 - 5 basis points BELOW average

Between 5 - 10 basis points BELOW average

Between 10 -15 basis points BELOW average

Between 15 - 20 basis points BELOW average

More than 20 basis points BELOW average
3. Bid-ask spread: What is your ETF's average bid-ask spread over the last 12 months?

Above 2%

Between 1.5% - 2%

Between 1% - 1.5%

Between 0.5% - 1%

Between 0.25% - 0.5%

Below 0.25%
4. Market makers, 1Y: How many market makers, on average, did this ETF have in the last 12 months?

2 or fewer

3 to 5

6 to 8

9 to 11

12 to 14

15 or more
5. Market makers, 2Y: How many market makers, on average, did this ETF have in the last 24 months?

2 or fewer

3 to 5

6 to 8

9 to 11

12 to 14

15 or more

This ETF was listed less than 24 months ago

Pillar 3: Operations
1. Lead manager experience: How long has the LEAD manager of this ETF been managing similar ETFs?
You may include ETF management experience gained in other firms. Please select only one answer.

Less than 1 year

1 - 2 years

3 -5 years

More than 5 years but fewer than 10 years

10 or more years
2. Investment team experience: What is the average experience of the investment team managing similar ETFs?
You may include ETF management experience gained in other firms. Please select only one answer.

Less than 1 year

1 - 2 years

3 -5 years

More than 5 years but fewer than 10 years

10 or more years
3. Lead manager tenure: What is the tenure of the LEAD manager of this ETF at the current firm?

Less than 1 year

1 - 2 years

3 -5 years

More than 5 years but fewer than 10 years

10 or more years
4. Transparency: How often do you disclose the full holdings of the ETF?

Daily

Weekly

Monthly

Quarterly

Annually

We never disclose the full holdings

Pillar 4: Stewardship
Note: When answering the questions in this pillar, please respond directly relevant to this specific fund/strategy. They should NOT be general answers that generally apply to all your firm's funds/strategy. [i] Stewardship is a set of behaviors, principles, and/or policies guiding responsible shareholding. Stewards invest with awareness of the investees' ability to create long-term value not just for shareholders but also for society and the economy. [ii] Material impacts are events likely to affect a company's operations and financial position, positively or negatively. Materiality varies from one industry to another and one business model to another. They may include but are not limited to supply chain, employee welfare, environmental practices, product safety, etc. [iii] Definition of concrete: Explicitly and clearly defined framework, parameters, principles, methods/techniques, and objectives are available for imminent implementation [iv] Adaptation of the Exposure Draft CFA Institute ESG Disclosure Standards For Investment Products, May 2021
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
We are a passive manager and we do not think it is necessary to take an active approach for engagement
We do not currently have a stewardship policy for engagement 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)
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
As passive managers, we do not think it is necessary to monitor our issuers
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
As passive managers, we do not see a need to establish a team for active engagement
We do not currently have a stewardship team, BUT we have concrete[iii] plans to begin monitoring at least some of the above within the next 12 months
Do not have a team to do any of the above and have no concrete[iii] plans to do so
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 are a passive manager and we do not think it is necessary for us to vote

We do not vote

We cannot/prefer not to divulge our voting practices
Additional Remarks, if any (maximum 250 words)
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
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.

A 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:
- Latest factsheets
- Prospectus
- Research papers
- Other relevant materials
Attachments

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Max. file size: 50 MB.

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House Award for Equity ETF

Pillar 1: Investment Proposition

Pillar 2: Execution & Performance

Pillar 3: Operations

Pillar 4: Stewardship

Company Address

Email Address

Telephone Number