Provide an overview of how you ensure that your agreed-upon voting policy is adhered to, giving details of your approach when exceptions to the policy are made.
Sionna takes its responsibility to vote on all matters that have a bearing on company value as part of its fiduciary duty to clients. Sionna uses segregation of duties to ensure voting is in line with our proxy voting policy. Sionna’s Portfolio Operations team is notified of meeting dates and provided proxy materials by Glass Lewis, Portfolio Operations then provides this information to the appropriate covering analyst. The analyst considers the recommendation of Glass Lewis and informs Portfolio Operations of the voting decision. Portfolio Operations will then execute the analyst’s decision through Glass Lewis. In the event the covering analyst is voting against the recommendation of Glass Lewis, Sionna’s compliance team may be consulted to ensure the vote is in line with the proxy voting policy.