Our Fixed Income division participates in issuer meetings hosted by our Equity division and is given the opportunity to participate in discussions with issuer board members and/or their senior management. Members of our Fixed Income group also engage directly with fixed income issuers to discuss ESG-related factors that could influence the fundamental valuation of issuer/securities.
We do not engage with issuers on fixed income securitized securities. The instruments are typically issued by bank subsidiaries via special purpose vehicles, which pool various asset-backed obligations.
Our Adviser that oversees external money managers, Strategic Advisers LLC (“Strategic”), periodically receives, and reviews, updated external sub-advisers’ voting guidelines or policies; however, it does not currently have any specific mandates that would require additional controls or oversight practices regarding sub-advisers’ consideration of ESG issues.