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Bank of America Global Wealth and Investment Management

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)
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

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

US Trust:  For positive best-in-class screening, we test the companies broadly against the key characteristics that are designed to identify corporations that achieve positive social impact through progressive policies believed to be creators of value. This description applies only to the UST Socially Innovative Fixed Income portfolio.

MSG/MAA:  For the discretionary investment management in Merrill Lynch, MAA uses 38 screens provided by a third party provider to negatively screen accounts. These research screens encompass religious, industry, country, sector, and individual company screens.

04.3. Additional information. [Optional]


FI 05. Negative screening - overview and rationale

05.1. Indicate why you conduct negative screening.

SSA

SSA

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.

U.S. Trust and MAA only apply negative screening of certain issuers at the specific request of clients.

05.3. Additional information. [Optional]


FI 06. Examples of ESG factors in screening process (Private)


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]

US Trust:  Boxes are checked with respect to US Trust activity.  Breaches are brought directly to the portfolio managers of the strategy and an attempt to clarify client-initiated exceptions are made. It is common for clients to direct breaches that must be documented in the clients' investment contract with U.S. Trust (Investment Policy Statement. Applies only to UST Socially Innovative Fixed Income portfolio.)

MSG/MAA:  MSG Business Governance performs quarterly oversight reviews working closely with the MAA team that utilize the third party data provider’s sector and industry security classification to implement and monitor client restrictions.

 


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