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Dana Investment Advisors

PRI reporting framework 2018

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You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (A) Implementation: Screening

(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
SSA
Corporate (financial)
Corporate (non-financial)
Securitised
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

04.2. Describe your approach to screening for internally managed active fixed income

We utilize a proprietary quantitative model that draws on over 120 E, S and G factors from third party vendors. Environmental factors include a variety of climate change impacts, metrics, and targets (i.e. direct and indirect GHG emissions, regulatory actions or fines, disclosures and policies. Examples of Social criteria include various measures of workforce diversity, human rights policies, product and workplace safety, labor rights and policies, animal testing. Governance issues include auditing & accounting policies, board composition and independence metrics, CEO compensation (with absolute limits, not only relative). Negative screens include Adult Entertainment, Alcohol Manufacturing with revenue bands for inputs and wholesaling, Gambling, Military & Weapons (nuclear, landmines, cluster munitions, firearms or ammunition manufacturing; revenue bands for conventional weapons), Tobacco (revenue bands for tobacco supplier). Our Corporate Fixed Income Strategies exclude fossil fuel companies.

 

 

 

04.3. Additional information. [Optional]


FI 05. Negative screening - overview and rationale

05.1. Indicate why you conduct negative screening.

Corporate (financial)

Corporate (fin)

Corporate (non-financial)

Corporate (non-fin)

05.2. Describe your approach to ESG-based negative screening of issuers from your investable universe.

We provide social screening (exclusions) to help clients align their mission with their investments. At times there is a bottom line component as well. For example, we exclude gun manufacturers and retail chains that distribute guns. This issue has garnered increasing reputational risk and has potential revenue implications for companies. Limiting or excluding fossil fuel exposure also has a bottom line aspect as we transition to a low carbon economy.

We also provide Catholic screening that incorporates United States Conference of Catholic Bishops (USCCB) guidelines.

05.3. Additional information. [Optional]


FI 06. Examples of ESG factors in screening process

06.1. Provide examples of how ESG factors are included in your screening criteria.

06.2. Additional information.


FI 07. Screening - ensuring criteria are met

07.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening Checks
Negative/exclusionary screening?
Positive/best-in-class screening

07.2. Additional information. [Optional]

Our data is updating at least quarterly (and often more frequently). Portfolio Managers are responsible for checking the data and for compliance along client and strategy guidelines. Our Trading Department enters exclusions into our Compliance Module which flags "restricted" securities from being purchased.


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