London Milan Luxembourg

Portfolio Level ESG Screening

Manager Level MARS® Screening

Standard MARS® Single

Manager Analysis

Strategy-specific

indicators

“Non-traditional” ESG Screening

Number of investment grade defaults (Moody's) 40 100%

Of which:

Number of companies covered by ECPI 22 55%

Of which eligible 6 27%

Of which ineligible 16 73%

Number of companies not covered by ECPI 18 45%