We have maintained a singular focus on the management of money since 1929. As a firm that is investment-led and investor-focused, we evaluate every decision from an investment perspective in our efforts to achieve superior, long-term, risk-adjusted performance for our clients. We take seriously our fiduciary responsibility in helping clients meet investment objectives, and we believe sustainability can have tangible impacts on an investment’s risk profile and its ability to generate returns over the long term; therefore, we take Environmental, Social and Governance (“ESG”) factors into consideration in our investment analysis. As a further step in deepening our commitment to investors, Lord Abbett is a signatory to the United Nations-supported Principles for Responsible Investment (PRI). We support the PRI framework in its efforts to foster engagement among investors and promote acceptance of its mission. Our definition of responsible investment is aligned with the PRI definition, which is a strategy and practice to incorporate environmental, social and governance factors in investment decisions and active ownership. We also believe a responsible investment approach can result in positive impact beyond the financial return of a particular security and, thus, we believe that ESG integration can serve investors at large over the long term.