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Fred Alger Management, LLC

PRI reporting framework 2019

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes » (A) Implementation: Screening

(A) Implementation: Screening

LEI 04. Types of screening applied

04.1. Indicate and describe the type of screening you apply to your internally managed active listed equities.

Type of screening

Screened by

Description

The Alger SRI Capital Appreciation strategy utilizes negative/exlcusionary screening. The importance of ESG criteria is directly related to the restrictions or requests made within the client’s investment management agreement. Alger uses MSCI ESG Research, whose products and services are designed to provide in-depth research, ratings and analysis of environmental, social and governance-related business practices, for pre-screening based on the following categories: Alcohol, Abortion/Contraceptives, Defense & Weapons, Gambling, Global Sanctions, Global Sanction – Sudan Specific, Nuclear Power, Pork, Tobacco, Global Weapons Production, Global Weapons – Cluster Bomb Specific, Adult Entertainment, Labor Relations and OFAC. On a continuous basis, MSCI ESG research provides Alger’s Portfolio Administration Team with a listing of securities currently restricted.

Screened by

Description

For the Alger Responsible Investing Fund, we employ fundamental analysis to identify innovative and dynamic companies using MSCI's ESG ratings to consider how such stocks within an industry or sector based on a company's conduct in offering products or services that promote positive environmental, social and/or governance policies, or have a positive impact in these areas, addressing concerns such as climate change, resource depletion, health and safety, employee relations and diversity, bribery and corruption, and fostering board diversity and structure. 

04.2. Describe how you notify clients and/or beneficiaries when changes are made to your screening criteria.

Any changes to the Fund's screening would be detailed in the prospectus, which is publically available to clients via www.alger.com.


LEI 05. Processes to ensure screening is based on robust analysis

05.1. Indicate which processes your organisation uses to ensure screening is based on robust analysis.

05.3. Indicate how frequently third party ESG ratings are updated for screening purposes.

05.5. Additional information. [Optional]

If there is any update (i.e. company event) to an ESG security, that change is immediately reflected in the model contained in our research storage database, which is available to all investment team members. At a minimum, the model is also reviewed annually. 


LEI 06. Processes to ensure fund criteria are not breached (Private)


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