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Bank of America Global Wealth and Investment Management

PRI reporting framework 2020

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

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

CIO:  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 CIO Socially Innovative Fixed Income portfolio.

04.3. Additional information. [Optional]


FI 05. Examples of ESG factors in screening process (Private)


FI 06. Screening - ensuring criteria are met

06.1. 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

06.2. Additional information. [Optional]

IP/MAA:  Box 1 in Negative/exclusionary screening is checked for IP/MAA. For the discretionary investment management in Merrill Lynch, Merrill Private Wealth Management, and the Private Bank MAA uses screens provided by a third party provider to negatively screen accounts. These research screens encompass religious, industry, country, sector, and individual company screens.

CIO :  All other boxes are checked with respect to CIO activity.  Exclusions are maintained on an account by account basis and we have a systematic way to ensure that each exclusion is adhered to. Breaches are brought directly to the portfolio managers of the strategy and an attempt to clarify when client-initiated exceptions are made. It is common for clients to direct exclusions that must be documented in the clients' investment contract with CIO (Investment Policy Statement. Applies only to CIO Socially Innovative Fixed Income portfolio.)


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