We only apply exclusion criteria to our funds where this is a part of the objective or where we are required to by law. We have a fiduciary duty to invest in a way that helps clients achieve their long-term investment objectives. Consistent with these objectives and our duties, our investment decisions are made based on the long-term financial opportunity offered by the selected securities.
For separate account clients who require a portfolio that avoids certain types of companies, we are able to implement screens where information regarding the screening criteria is readily accessible (such as tobacco, alcohol, etc). We also are capable of screening account holdings based on ESG metrics as provided by a third party source.