Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33%...

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MONTREAL | TORONTO | CALGARY | VANCOUVER | NEW YORK www.jflglobal.com 0% 10% 20% 30% 40% 50% 60% Total Votes Against Management Meetings With At Least One Vote Different from Management Support For Shareholder Proposals 14% 53% 33% JFL 2020 Voting Statistics Total Number of Meetings Voted: 191 Total Number of Countries Voted In: 29 Total Number of Votable Proposals Assessed: 2,607 Our Integrated Approach to Proxy Voting We believe that strong, ethical management and good governance drive long-term business value creation. Our fully integrated proxy voting process reflects the level of importance we place on our role as stewards of client capital. Key Attributes of Our Process: Equity research analysts are responsible for reviewing and recommending all proxy votes Each proxy is discussed with the Investment Strategy Committee (ISC) Decisions are made by the investment professionals Engagement, when necessary, is led by the research analysts Our preference is for engaged dialogue with management, and if necessary boards of directors, in order to improve governance and business practices. For this reason, we are often viewed as a credible shareholder with whom managements seek counsel. This has two important benefits. First, it enhances our ability to influence change over time. And secondly, it leads to deeper integration of ESG factors within our investment process. SUMMARY OF PROXY VOTING JULY 2019 – JUNE 2020 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Environmental Social Governance E&S JFL 2020 Voting Record by Category For One Year Against Withhold Abstain

Transcript of Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33%...

Page 1: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

MONTREAL | TORONTO | CALGARY | VANCOUVER | NEW YORK www.jflglobal.com

0%10%20%30%40%50%60%

Total VotesAgainst

Management

Meetings With AtLeast One VoteDifferent fromManagement

Support ForShareholderProposals

14%

53%

33%

JFL 2020 Voting StatisticsTotal Number of Meetings Voted: 191

Total Number of Countries Voted In: 29

Total Number of VotableProposals Assessed: 2,607

Our Integrated Approach to Proxy Voting We believe that strong, ethical management and good governance drive long-term business value creation. Our fully integrated proxy voting process reflects the level of importance we place on our role as stewards of client capital.

Key Attributes of Our Process:

• Equity research analysts are responsible for reviewing and recommending all proxy votes

• Each proxy is discussed with the Investment Strategy Committee (ISC)

• Decisions are made by the investment professionals

• Engagement, when necessary, is led by the research analysts

Our preference is for engaged dialogue with management, and if necessary boards of directors, in order to improvegovernance and business practices. For this reason, we are often viewed as a credible shareholder with whommanagements seek counsel. This has two important benefits. First, it enhances our ability to influence change overtime. And secondly, it leads to deeper integration of ESG factors within our investment process.

SUMMARY OF PROXY VOTINGJULY 2019 – JUNE 2020

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Environmental

Social

Governance

E&S

JFL 2020 Voting Record by Category

For

One Year

Against

Withhold

Abstain

Page 2: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

SUMMARY OF PROXY VOTINGJULY 2019 – JUNE 2020

JFL’s Approach to Management Proposals

Given our focus on building concentrated portfolios of quality companies, the frequency with which we disagree with managementon proxy votes may appear high. However, this can be explained by the fact that the key area of contention is typically related tothe alignment of compensation with long-term shareholder value. We believe that management and director compensation is acritical aspect of a company’s governance. Pay decisions are also one of the most direct and visible ways for shareholders toassess the performance of the board of directors. We look for boards to align the interests of management through compensationarrangements that are linked to the achievement of long-term company success, not short-term profit or share price movements.Similarly, we frequently vote against capitalization and compensation proposals when we believe they may unduly diluteshareholders’ ownership interest.

JFL’s Approach to Shareholder Proposals

We take a principles-based rather than rules-based approach to assessing shareholder proposals. Rather than prescribing specificbehaviors, we prefer proposals that focus on driving accountability and creating feedback mechanisms on matters material to ourinvestment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of ourthoughtful, principles-based approach that leverages our analysts’ in-depth knowledge of portfolio companies to carefully considerthe specific merits of each proposal in the context of each individual company. We support well-written proposals that makerequests for action or disclosure that are non-proprietary and material to our investment thesis and assessment of the long-termresilience of a business.

Consider two proposals this year on climate change disclosure:

(i) At iA Financial, we supported a shareholder proposal calling for the Company to analyze climate risk and report the results ofits analysis because climate change is a material risk for the insurance industry. Our analysis showed that iA lagged its peersin disclosure, and we found that the proposal aligned well with recommendations by the Taskforce on Climate-relatedFinancial Disclosures (TCFD).

(ii) We voted against a proposal calling for Australia and New Zealand Bank to disclose its climate transition risk because webelieve that the Company’s current TCFD-aligned climate risk disclosure is adequate for investors to assess its climatepractices and risk exposure at this time.

In the 2020 proxy period, we voted against 23% ofmanagement compensation proposals, and we withheldsupport in 16% of director elections. Our portfolio companies,both global and Canadian, noticed our opposition, giving us anopportunity to engage with them and contribute toimprovements over time. One measure of the success of ourlong-term engagement on the issue of compensation has beenthe decreased use of options and increased use ofperformance–vesting instruments amongst companies in ourportfolios. For example, we voted against Recipe Unlimited’sstock compensation plan and Compensation Committeemembers in 2019 because we were concerned that its use ofoptions could lead to excessive dilution. We followed up byengaging with the Company, whereby it decided to end optionissuance in favour of Restricted Stock Units, allowing us tosupport the compensation plan and Committee in 2020.

Consistent with our philosophy of favouring constructiveengagement, we generally engage with any newly initiatedcompany on compensation issues before voting against them.

77%

84%

81%

23%

16%

19%

Compensation

DirectorElection

Capitalization

2020 JFL Votes on Key Topics: Management Proposals

For Against/Withhold

Page 3: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Sources:1. https://corpgov.law.harvard.edu/2020/06/10/an-early-look-at-the-2020-proxy-season/2. Alliance Advisors 2020 Proxy Season Review3. https://corpgov.law.harvard.edu/2020/06/24/say-on-pay-and-the-effects-of-the-ceo-pay-ratio-key-findings-from-the-2020-proxy-season/4. Semler Brossy 2020 Say on Pay & Proxy Results5. https://www.sec.gov/rules/final/34-40018.htm6. Proxy Insight 2020 Proxy Season Review7. Sullivan and Cromwell LLP 2020 Proxy Season Review: Part 18. Morgan Stanley Proxy Review: ESG Issues to Watch

Note: all statistics provided on JFL’s proxy record refer to securities held in our pooled funds or that were held in our pooled funds up to twelve months prior to the date of record.

SUMMARY OF PROXY VOTINGJULY 2019 – JUNE 2020

Published: August 2020. This document is prepared by Jarislowsky, Fraser Limited (JFL) and is provided for information purposes only, it is not intended to conveyinvestment, legal, tax or individually tailored investment advice. All opinions and estimates contained in this report constitute JFL's judgment as of the time of writingand are provided in good faith. All data, facts and opinions presented in this document may change without notification. No use of the Jarislowsky, Fraser Limited nameor any information contained in this report may be copied or redistributed without the prior written approval of JFL.

We evaluate each shareholder resolution very carefully to ensure we are supporting the most material and actionable items. Forinstance, at its 2020 AGM, Amazon received twelve shareholder proposals, three of which related to human rights. We supportedthe proposal calling on Amazon to report on human rights impact assessments in its supply chain because we understand thatAmazon touches many areas of the supply chain through its first-party product, private label, and grocery business lines, so itrequires a robust approach to human rights. The two other proposals related to reporting on the human rights risks associated withcustomer use of Amazon’s surveillance and computer vision products or cloud-based services. We voted against the more narrowproposal calling for a report on the human rights risks of one particular product, Rekognition. Instead, we supported the broaderand more constructive proposal that we believed would include Rekognition, but which would also help create repeatable andscalable guidelines to ensure the Company is accurately and transparently identifying potential customers at high risk of misusingits technology.

These examples indicate the level of attention paid to each individual proxy vote by the analyst responsible for covering thatcompany, an approach that we believe differentiates our approach.

A full copy of our proxy voting record from July 2019 – June 2020 can be accessed by visiting https://www.jflglobal.com/en/sustainable-investing/.

Page 4: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Computer Modelling Group Ltd. CMG Canada 7/11/2019 Annual Management 1 Fix Number of Directors at Eight For ForComputer Modelling Group Ltd. CMG Canada 7/11/2019 Annual Management 2.1 Elect Director Judith J. Athaide For WithholdComputer Modelling Group Ltd. CMG Canada 7/11/2019 Annual Management 2.2 Elect Director Kenneth M. Dedeluk For ForComputer Modelling Group Ltd. CMG Canada 7/11/2019 Annual Management 2.3 Elect Director Christopher L. Fong For ForComputer Modelling Group Ltd. CMG Canada 7/11/2019 Annual Management 2.4 Elect Director Patrick R. Jamieson For WithholdComputer Modelling Group Ltd. CMG Canada 7/11/2019 Annual Management 2.5 Elect Director Peter H. Kinash For WithholdComputer Modelling Group Ltd. CMG Canada 7/11/2019 Annual Management 2.6 Elect Director Ryan N. Schneider For ForComputer Modelling Group Ltd. CMG Canada 7/11/2019 Annual Management 2.7 Elect Director Robert F. M. Smith For ForComputer Modelling Group Ltd. CMG Canada 7/11/2019 Annual Management 2.8 Elect Director John B. Zaozirny For For

Computer Modelling Group Ltd. CMG Canada 7/11/2019 Annual Management 3Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Alibaba Group Holding Limited BABA Cayman Islands 7/15/2019 Annual Management 1 Approve Share Subdivision For ForAlibaba Group Holding Limited BABA Cayman Islands 7/15/2019 Annual Management 2.1 Elect Daniel Yong Zhang as Director For ForAlibaba Group Holding Limited BABA Cayman Islands 7/15/2019 Annual Management 2.2 Elect Chee Hwa Tung as Director For ForAlibaba Group Holding Limited BABA Cayman Islands 7/15/2019 Annual Management 2.3 Elect Jerry Yang as Director For ForAlibaba Group Holding Limited BABA Cayman Islands 7/15/2019 Annual Management 2.4 Elect Wan Ling Martello as Director For ForAlibaba Group Holding Limited BABA Cayman Islands 7/15/2019 Annual Management 3 Ratify PricewaterhouseCoopers as Auditors For ForAxis Bank Ltd. 532215 India 7/20/2019 Annual Management 1 Accept Financial Statements and Statutory Reports For ForAxis Bank Ltd. 532215 India 7/20/2019 Annual Management 2 Approve Dividend For ForAxis Bank Ltd. 532215 India 7/20/2019 Annual Management 3 Reelect Usha Sangwan as Director For Against

Axis Bank Ltd. 532215 India 7/20/2019 Annual Management 4Approve Appointment and Remuneration of Rakesh Makhija as Non-Executive (Part-Time) Chairman For For

Axis Bank Ltd. 532215 India 7/20/2019 Annual Management 5Approve Revision in the Remuneration of Amitabh Chaudhry as Managing Director & CEO For For

Axis Bank Ltd. 532215 India 7/20/2019 Annual Management 6Approve Revision in the Remuneration of Rajiv Anand as Executive Director (Wholesale Banking) For For

Axis Bank Ltd. 532215 India 7/20/2019 Annual Management 7

Approve Reappointment and Remuneration of Rajiv Anand as Whole Time Director Designated as the Executive Director (Wholesale Banking) For For

Axis Bank Ltd. 532215 India 7/20/2019 Annual Management 8Approve Revision in the Remuneration of Rajesh Dahiya as Executive Director (CorporateCentre) For For

Axis Bank Ltd. 532215 India 7/20/2019 Annual Management 9

Approve Reappointment and Remuneration of Rajesh Dahiya as Whole Time Director Designated as the Executive Director (Corporate Centre) For For

Axis Bank Ltd. 532215 India 7/20/2019 Annual Management 10 Elect Pralay Mondal as Director For For

Axis Bank Ltd. 532215 India 7/20/2019 Annual Management 11

Approve Appointment and Remuneration of Pralay Mondal as Whole Time Director Designated as the Executive Director (Retail Banking) For For

Axis Bank Ltd. 532215 India 7/20/2019 Annual Management 12 Approve Issuance of Debt Securities on Private Placement Basis For For

Axis Bank Ltd. 532215 India 7/20/2019 Annual Management 13Approve Commission to Non-Executive Directors, Excluding the Non-Executive (Part-Time) Chairman of the Bank For For

This report is presented in chronological order by meeting date.

Page 5: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Banco Santander SA SAN Spain 7/22/2019 Special Management 1

Approve Issuance of Shares in Connection with Acquisition of Shares of Banco Santander Mexico SA, Institucion de Banca Multiple, Grupo Financiero Santander Mexico For For

Banco Santander SA SAN Spain 7/22/2019 Special Management 2 Authorize Board to Ratify and Execute Approved Resolutions For ForZee Entertainment Enterprises Limited 505537 India 7/23/2019 Annual Management 1 Accept Financial Statements and Statutory Reports For ForZee Entertainment Enterprises Limited 505537 India 7/23/2019 Annual Management 2 Confirm Dividend on Preference Shares For ForZee Entertainment Enterprises Limited 505537 India 7/23/2019 Annual Management 3 Declare Dividend on Equity Shares For ForZee Entertainment Enterprises Limited 505537 India 7/23/2019 Annual Management 4 Reelect Subhash Chandra as Director For AgainstZee Entertainment Enterprises Limited 505537 India 7/23/2019 Annual Management 5 Approve Remuneration of Cost Auditors For ForVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 1 Accept Financial Statements and Statutory Reports For ForVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 2 Elect Sanjiv Ahuja as Director For ForVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 3 Elect David Thodey as Director For ForVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 4 Re-elect Gerard Kleisterlee as Director For ForVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 5 Re-elect Nick Read as Director For ForVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 6 Re-elect Margherita Della Valle as Director For ForVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 7 Re-elect Sir Crispin Davis as Director For ForVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 8 Re-elect Michel Demare as Director For ForVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 9 Re-elect Dame Clara Furse as Director For ForVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 10 Re-elect Valerie Gooding as Director For ForVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 11 Re-elect Renee James as Director For For

Vodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 12 Re-elect Maria Amparo Moraleda Martinez as Director For ForVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 13 Re-elect David Nish as Director For ForVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 14 Approve Final Dividend For ForVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 15 Approve Remuneration Report For ForVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 16 Appoint Ernst & Young LLP as Auditors For For

Vodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 17Authorise the Audit and Risk Committee to Fix Remuneration of Auditors For For

Vodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 18 Authorise Issue of Equity For AgainstVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 19 Authorise Issue of Equity without Pre-emptive Rights For For

Vodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 20Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment For For

Vodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 21 Authorise Market Purchase of Ordinary Shares For ForVodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 22 Authorise EU Political Donations and Expenditure For For

Vodafone Group Plc VOD United Kingdom 7/23/2019 Annual Management 23Authorise the Company to Call General Meeting with Two Weeks' Notice For For

National Grid Plc NG United Kingdom 7/29/2019 Annual Management 1 Accept Financial Statements and Statutory Reports For ForNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 2 Approve Final Dividend For ForNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 3 Re-elect Sir Peter Gershon as Director For ForNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 4 Re-elect John Pettigrew as Director For ForNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 5 Elect Andy Agg as Director For ForNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 6 Re-elect Dean Seavers as Director For For

Page 6: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

National Grid Plc NG United Kingdom 7/29/2019 Annual Management 7 Re-elect Nicola Shaw as Director For ForNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 8 Re-elect Jonathan Dawson as Director For AgainstNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 9 Re-elect Therese Esperdy as Director For ForNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 10 Re-elect Paul Golby as Director For ForNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 11 Re-elect Amanda Mesler as Director For ForNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 12 Elect Earl Shipp as Director For ForNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 13 Elect Jonathan Silver as Director For ForNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 14 Re-elect Mark Williamson as Director For AgainstNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 15 Reappoint Deloitte LLP as Auditors For ForNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 16 Authorise Board to Fix Remuneration of Auditors For ForNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 17 Approve Remuneration Policy For ForNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 18 Approve Remuneration Report For AgainstNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 19 Authorise EU Political Donations and Expenditure For ForNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 20 Authorise Issue of Equity For AgainstNational Grid Plc NG United Kingdom 7/29/2019 Annual Management 21 Approve Scrip Dividend Scheme For For

National Grid Plc NG United Kingdom 7/29/2019 Annual Management 22

Authorise Directors to Capitalise the Appropriate Nominal Amounts of New Shares of the Company Allotted Pursuant to the Company's Scrip Dividend Scheme For For

National Grid Plc NG United Kingdom 7/29/2019 Annual Management 23 Authorise Issue of Equity without Pre-emptive Rights For For

National Grid Plc NG United Kingdom 7/29/2019 Annual Management 24Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment For For

National Grid Plc NG United Kingdom 7/29/2019 Annual Management 25 Authorise Market Purchase of Ordinary Shares For For

National Grid Plc NG United Kingdom 7/29/2019 Annual Management 26Authorise the Company to Call General Meeting with Two Weeks' Notice For Against

BB&T Corporation BBT USA 7/30/2019 Annual Management 1 Accept Financial Statements and Statutory Reports For ForBB&T Corporation BBT USA 7/30/2019 Annual Management 2 Approve Final Dividend For ForBB&T Corporation BBT USA 7/30/2019 Annual Management 3 Re-elect Sir Peter Gershon as Director For ForBB&T Corporation BBT USA 7/30/2019 Annual Management 4 Re-elect John Pettigrew as Director For ForBB&T Corporation BBT USA 7/30/2019 Annual Management 5 Elect Andy Agg as Director For ForBB&T Corporation BBT USA 7/30/2019 Annual Management 6 Re-elect Dean Seavers as Director For ForBB&T Corporation BBT USA 7/30/2019 Annual Management 7 Re-elect Nicola Shaw as Director For ForBB&T Corporation BBT USA 7/30/2019 Annual Management 8 Re-elect Jonathan Dawson as Director For AgainstBB&T Corporation BBT USA 7/30/2019 Annual Management 9 Re-elect Therese Esperdy as Director For ForBB&T Corporation BBT USA 7/30/2019 Annual Management 10 Re-elect Paul Golby as Director For ForBB&T Corporation BBT USA 7/30/2019 Annual Management 11 Re-elect Amanda Mesler as Director For ForBB&T Corporation BBT USA 7/30/2019 Annual Management 12 Elect Earl Shipp as Director For ForBB&T Corporation BBT USA 7/30/2019 Annual Management 13 Elect Jonathan Silver as Director For ForBB&T Corporation BBT USA 7/30/2019 Annual Management 14 Re-elect Mark Williamson as Director For AgainstBB&T Corporation BBT USA 7/30/2019 Annual Management 15 Reappoint Deloitte LLP as Auditors For ForBB&T Corporation BBT USA 7/30/2019 Annual Management 16 Authorise Board to Fix Remuneration of Auditors For ForBB&T Corporation BBT USA 7/30/2019 Annual Management 17 Approve Remuneration Policy For ForBB&T Corporation BBT USA 7/30/2019 Annual Management 18 Approve Remuneration Report For AgainstBB&T Corporation BBT USA 7/30/2019 Annual Management 19 Authorise EU Political Donations and Expenditure For For

Page 7: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

BB&T Corporation BBT USA 7/30/2019 Annual Management 20 Authorise Issue of Equity For AgainstBB&T Corporation BBT USA 7/30/2019 Annual Management 21 Approve Scrip Dividend Scheme For For

BB&T Corporation BBT USA 7/30/2019 Annual Management 22

Authorise Directors to Capitalise the Appropriate Nominal Amounts of New Shares of the Company Allotted Pursuant to the Company's Scrip Dividend Scheme For For

BB&T Corporation BBT USA 7/30/2019 Annual Management 23 Authorise Issue of Equity without Pre-emptive Rights For For

BB&T Corporation BBT USA 7/30/2019 Annual Management 24Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment For For

BB&T Corporation BBT USA 7/30/2019 Annual Management 25 Authorise Market Purchase of Ordinary Shares For For

BB&T Corporation BBT USA 7/30/2019 Annual Management 26Authorise the Company to Call General Meeting with Two Weeks' Notice For Against

Larsen & Toubro Limited 500510 India 8/1/2019 Annual Management 1 Accept Financial Statements and Statutory Reports For ForLarsen & Toubro Limited 500510 India 8/1/2019 Annual Management 2 Approve Final Dividend For ForLarsen & Toubro Limited 500510 India 8/1/2019 Annual Management 3 Reelect M.V. Satish as Director For ForLarsen & Toubro Limited 500510 India 8/1/2019 Annual Management 4 Reelect Shailendra Roy as Director For ForLarsen & Toubro Limited 500510 India 8/1/2019 Annual Management 5 Reelect R. Shankar Raman as Director For ForLarsen & Toubro Limited 500510 India 8/1/2019 Annual Management 6 Reelect J.D Patil as Director For ForLarsen & Toubro Limited 500510 India 8/1/2019 Annual Management 7 Reelect M.M. Chitale as Director For ForLarsen & Toubro Limited 500510 India 8/1/2019 Annual Management 8 Reelect M. Damodaran as Director For AgainstLarsen & Toubro Limited 500510 India 8/1/2019 Annual Management 9 Reelect Vikram Singh Mehta as Director For AgainstLarsen & Toubro Limited 500510 India 8/1/2019 Annual Management 10 Reelect Adil Zainulbhai as Director For For

Larsen & Toubro Limited 500510 India 8/1/2019 Annual Management 11Approve Remuneration to S.N Subrahmanyan as Chief Executive Officer and Managing Director For Against

Larsen & Toubro Limited 500510 India 8/1/2019 Annual Management 12Approve Remuneration to R. Shankar Raman as Chief Financial Officer and Whole-time Director For Against

Larsen & Toubro Limited 500510 India 8/1/2019 Annual Management 13 Amend Objects Clause of Memorandum of Association For For

Larsen & Toubro Limited 500510 India 8/1/2019 Annual Management 14Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights For For

Larsen & Toubro Limited 500510 India 8/1/2019 Annual Management 15 Approve Remuneration of Cost Auditors For ForHousing Development Finance Corporation Limited 500010 India 8/2/2019 Annual Management 1.a Accept Financial Statements and Statutory Reports For For

Housing Development Finance Corporation Limited 500010 India 8/2/2019 Annual Management 1.bAccept Consolidated Financial Statements and Statutory Reports For For

Housing Development Finance Corporation Limited 500010 India 8/2/2019 Annual Management 2 Approve Final Dividend For ForHousing Development Finance Corporation Limited 500010 India 8/2/2019 Annual Management 3 Reelect V. Srinivasa Rangan as Director For ForHousing Development Finance Corporation Limited 500010 India 8/2/2019 Annual Management 4 Authorize Board to Fix Remuneration of Auditors For ForHousing Development Finance Corporation Limited 500010 India 8/2/2019 Annual Management 5 Elect Bhaskar Ghosh as Director For ForHousing Development Finance Corporation Limited 500010 India 8/2/2019 Annual Management 6 Elect Ireena Vittal as Director For AgainstHousing Development Finance Corporation Limited 500010 India 8/2/2019 Annual Management 7 Reelect Nasser Munjee as Director For AgainstHousing Development Finance Corporation Limited 500010 India 8/2/2019 Annual Management 8 Reelect J. J. Irani as Director For For

Housing Development Finance Corporation Limited 500010 India 8/2/2019 Annual Management 9 Approve Related Party Transactions with HDFC Bank Limited For ForHousing Development Finance Corporation Limited 500010 India 8/2/2019 Annual Management 10 Approve Commission to Non-Executive Directors For For

Page 8: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Housing Development Finance Corporation Limited 500010 India 8/2/2019 Annual Management 11

Approve Revision in the Remuneration of Keki M. Mistry as Managing Director Designated as Vice Chairman & Chief Executive Officer For For

Housing Development Finance Corporation Limited 500010 India 8/2/2019 Annual Management 12

Authorize Issuance of Redeemable Non-Convertible Debentures and/ or Any Other Hybrid Instruments on Private Placement Basis For For

Saputo Inc. SAP Canada 8/8/2019 Annual Management 1.1 Elect Director Lino A. Saputo, Jr. For ForSaputo Inc. SAP Canada 8/8/2019 Annual Management 1.2 Elect Director Louis-Philippe Carriere For ForSaputo Inc. SAP Canada 8/8/2019 Annual Management 1.3 Elect Director Henry E. Demone For ForSaputo Inc. SAP Canada 8/8/2019 Annual Management 1.4 Elect Director Anthony M. Fata For ForSaputo Inc. SAP Canada 8/8/2019 Annual Management 1.5 Elect Director Annalisa King For ForSaputo Inc. SAP Canada 8/8/2019 Annual Management 1.6 Elect Director Karen Kinsley For ForSaputo Inc. SAP Canada 8/8/2019 Annual Management 1.7 Elect Director Tony Meti For ForSaputo Inc. SAP Canada 8/8/2019 Annual Management 1.8 Elect Director Diane Nyisztor For ForSaputo Inc. SAP Canada 8/8/2019 Annual Management 1.9 Elect Director Franziska Ruf For ForSaputo Inc. SAP Canada 8/8/2019 Annual Management 1.10 Elect Director Annette Verschuren For For

Saputo Inc. SAP Canada 8/8/2019 Annual Management 2Approve Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Saputo Inc. SAP Canada 8/8/2019 Annual Management 3 Advisory Vote on Executive Compensation Approach For For

Saputo Inc. SAP Canada 8/8/2019 Annual Shareholder 4SP 1: Incorporation of Environmental, Social and Governance (ESG) Factorsin Executive Compensation Against Against

Saputo Inc. SAP Canada 8/8/2019 Annual Shareholder 5 SP 2: Determination of Director Independence Against Against

Saputo Inc. SAP Canada 8/8/2019 Annual Shareholder 6 SP 3: Advisory Vote on Executive Officers' Compensation Against Against

Saputo Inc. SAP Canada 8/8/2019 Annual Shareholder 7SP 4: Report on the Environmental and Social Impacts of Food Waste Against Against

TSURUHA Holdings, Inc. 3391 Japan 8/9/2019 Annual Management 1.1 Elect Director Tsuruha, Tatsuru For AgainstTSURUHA Holdings, Inc. 3391 Japan 8/9/2019 Annual Management 1.2 Elect Director Horikawa, Masashi For ForTSURUHA Holdings, Inc. 3391 Japan 8/9/2019 Annual Management 1.3 Elect Director Tsuruha, Jun For AgainstTSURUHA Holdings, Inc. 3391 Japan 8/9/2019 Annual Management 1.4 Elect Director Goto, Teruaki For AgainstTSURUHA Holdings, Inc. 3391 Japan 8/9/2019 Annual Management 1.5 Elect Director Abe, Mitsunobu For AgainstTSURUHA Holdings, Inc. 3391 Japan 8/9/2019 Annual Management 1.6 Elect Director Mitsuhashi, Shinya For AgainstTSURUHA Holdings, Inc. 3391 Japan 8/9/2019 Annual Management 1.7 Elect Director Ogawa, Hisaya For AgainstTSURUHA Holdings, Inc. 3391 Japan 8/9/2019 Annual Management 1.8 Elect Director Okada, Motoya For ForTSURUHA Holdings, Inc. 3391 Japan 8/9/2019 Annual Management 1.9 Elect Director Yamada, Eiji For AgainstTSURUHA Holdings, Inc. 3391 Japan 8/9/2019 Annual Management 1.10 Elect Director Murakami, Shoichi For AgainstTSURUHA Holdings, Inc. 3391 Japan 8/9/2019 Annual Management 1.11 Elect Director Atsumi, Fumiaki For AgainstTSURUHA Holdings, Inc. 3391 Japan 8/9/2019 Annual Management 1.12 Elect Director Fujii, Fumiyo For ForTSURUHA Holdings, Inc. 3391 Japan 8/9/2019 Annual Management 1.13 Elect Director Sato, Harumi For For

TSURUHA Holdings, Inc. 3391 Japan 8/9/2019 Annual Management 2 Appoint Alternate Statutory Auditor Yamazaki, Mikine For ForCAE Inc. CAE Canada 8/14/2019 Annual Management 1.1 Elect Director Margaret S. (Peg) Billson For ForCAE Inc. CAE Canada 8/14/2019 Annual Management 1.2 Elect Director Michael M. Fortier For ForCAE Inc. CAE Canada 8/14/2019 Annual Management 1.3 Elect Director Marianne Harrison For ForCAE Inc. CAE Canada 8/14/2019 Annual Management 1.4 Elect Director Alan N. MacGibbon For For

Page 9: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

CAE Inc. CAE Canada 8/14/2019 Annual Management 1.5 Elect Director John P. Manley For ForCAE Inc. CAE Canada 8/14/2019 Annual Management 1.6 Elect Director Francois Olivier For ForCAE Inc. CAE Canada 8/14/2019 Annual Management 1.7 Elect Director Marc Parent For ForCAE Inc. CAE Canada 8/14/2019 Annual Management 1.8 Elect Director Michael E. Roach For ForCAE Inc. CAE Canada 8/14/2019 Annual Management 1.9 Elect Director Norton A. Schwartz For ForCAE Inc. CAE Canada 8/14/2019 Annual Management 1.10 Elect Director Andrew J. Stevens For For

CAE Inc. CAE Canada 8/14/2019 Annual Management 2Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

CAE Inc. CAE Canada 8/14/2019 Annual Management 3 Advisory Vote on Executive Compensation Approach For For

Axis Bank 532215 India 8/21/2019 Special Management 1Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights For For

Naspers Ltd. NPN South Africa 8/23/2019 Special Management 1Approve Matters in Relation to the Implementation of the Proposed Transaction For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 1Accept Financial Statements and Statutory Reports for the Year Ended 31 March 2019 For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 2 Approve Dividends for N Ordinary and A Ordinary Shares For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 3Reappoint PricewaterhouseCoopers Inc as Auditors of the Company with V Myburgh as the Individual Registered Auditor For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 4 Re-elect Nolo Letele as Directors For ForNaspers Ltd. NPN South Africa 8/23/2019 Annual Management 5.1 Re-elect Koos Bekker as Director For AgainstNaspers Ltd. NPN South Africa 8/23/2019 Annual Management 5.2 Re-elect Steve Pacak as Director For ForNaspers Ltd. NPN South Africa 8/23/2019 Annual Management 5.3 Re-elect Cobus Stofberg as Director For ForNaspers Ltd. NPN South Africa 8/23/2019 Annual Management 5.4 Re-elect Ben van der Ross as Director For ForNaspers Ltd. NPN South Africa 8/23/2019 Annual Management 5.5 Re-elect Debra Meyer as Director For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 6.1 Re-elect Don Eriksson as Member of the Audit Committee For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 6.2 Re-elect Ben van der Ross as Member of the Audit Committee For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 6.3 Re-elect Rachel Jafta as Member of the Audit Committee For ForNaspers Ltd. NPN South Africa 8/23/2019 Annual Management 7 Approve Remuneration Policy For AgainstNaspers Ltd. NPN South Africa 8/23/2019 Annual Management 8 Approve Implementation of the Remuneration Policy For Against

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 9Place Authorised but Unissued Shares under Control of Directors For Against

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 10 Authorise Board to Issue Shares for Cash For Against

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 11

Approve Amendments to the Trust Deed constituting the Naspers Restricted Stock Plan Trust and the Share Scheme envisaged by such Trust Deed For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 12 Authorise Ratification of Approved Resolutions For ForNaspers Ltd. NPN South Africa 8/23/2019 Annual Management 1.1 Approve Fees of the Board Chairman For ForNaspers Ltd. NPN South Africa 8/23/2019 Annual Management 1.2 Approve Fees of the Board Member For ForNaspers Ltd. NPN South Africa 8/23/2019 Annual Management 1.3 Approve Fees of the Audit Committee Chairman For ForNaspers Ltd. NPN South Africa 8/23/2019 Annual Management 1.4 Approve Fees of the Audit Committee Member For For

Page 10: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 1.5 Approve Fees of the Risk Committee Chairman For ForNaspers Ltd. NPN South Africa 8/23/2019 Annual Management 1.6 Approve Fees of the Risk Committee Member For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 1.7Approve Fees of the Human Resources and Remuneration Committee Chairman For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 1.8Approve Fees of the Human Resources and Remuneration Committee Member For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 1.9 Approve Fees of the Nomination Committee Chairman For ForNaspers Ltd. NPN South Africa 8/23/2019 Annual Management 1.10 Approve Fees of the Nomination Committee Member For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 1.11 Approve Fees of the Social and Ethics Committee Chairman For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 1.12 Approve Fees of the Social and Ethics Committee Member For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 1.13Approve Fees of the Trustees of Group Share Schemes/Other Personnel Funds For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 2Approve Financial Assistance in Terms of Section 44 of the Companies Act For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 3Approve Financial Assistance in Terms of Section 45 of the Companies Act For For

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 4 Authorise Repurchase of N Ordinary Shares For ForNaspers Ltd. NPN South Africa 8/23/2019 Annual Management 5 Authorise Repurchase of A Ordinary Shares For Against

Naspers Ltd. NPN South Africa 8/23/2019 Annual Management 6Authorise Specific Repurchase of N Ordinary Shares from Holders of N Ordinary Shares For Against

UPL Limited 512070 India 8/28/2019 Annual Management 1 Accept Financial Statements and Statutory Reports For ForUPL Limited 512070 India 8/28/2019 Annual Management 2 Approve Dividend For ForUPL Limited 512070 India 8/28/2019 Annual Management 3 Reelect Jaidev Rajnikant Shroff as Director For ForUPL Limited 512070 India 8/28/2019 Annual Management 4 Approve Remuneration of Cost Auditors For For

UPL Limited 512070 India 8/28/2019 Annual Management 5Approve Issuance of Non-Convertible Debentures on Private Placement Basis For For

UPL Limited 512070 India 8/28/2019 Annual Management 6 Reelect Pradeep Vedprakash Goyal as Director For ForUPL Limited 512070 India 8/28/2019 Annual Management 7 Reelect Reena Ramachandran as Director For For

PT Bank Rakyat Indonesia (Persero) Tbk BBRI Indonesia 9/2/2019 Special Shareholder 1 Approve Evaluation of First Semester Performance 2019 None ForPT Bank Rakyat Indonesia (Persero) Tbk BBRI Indonesia 9/2/2019 Special Shareholder 2 Approve Company's Recovery Plan None ForPT Bank Rakyat Indonesia (Persero) Tbk BBRI Indonesia 9/2/2019 Special Shareholder 3 Approve Changes in Board of Company None AgainstOpen Text Corporation OTEX Canada 9/4/2019 Annual/Special Management 1.1 Elect Director P. Thomas Jenkins For ForOpen Text Corporation OTEX Canada 9/4/2019 Annual/Special Management 1.2 Elect Director Mark J. Barrenechea For ForOpen Text Corporation OTEX Canada 9/4/2019 Annual/Special Management 1.3 Elect Director Randy Fowlie For ForOpen Text Corporation OTEX Canada 9/4/2019 Annual/Special Management 1.4 Elect Director David Fraser For ForOpen Text Corporation OTEX Canada 9/4/2019 Annual/Special Management 1.5 Elect Director Gail E. Hamilton For ForOpen Text Corporation OTEX Canada 9/4/2019 Annual/Special Management 1.6 Elect Director Stephen J. Sadler For ForOpen Text Corporation OTEX Canada 9/4/2019 Annual/Special Management 1.7 Elect Director Harmit Singh For ForOpen Text Corporation OTEX Canada 9/4/2019 Annual/Special Management 1.8 Elect Director Michael Slaunwhite For ForOpen Text Corporation OTEX Canada 9/4/2019 Annual/Special Management 1.9 Elect Director Katharine B. Stevenson For ForOpen Text Corporation OTEX Canada 9/4/2019 Annual/Special Management 1.10 Elect Director Carl Jurgen Tinggren For For

Page 11: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Open Text Corporation OTEX Canada 9/4/2019 Annual/Special Management 1.11 Elect Director Deborah Weinstein For ForOpen Text Corporation OTEX Canada 9/4/2019 Annual/Special Management 2 Ratify KPMG LLP as Auditors For ForOpen Text Corporation OTEX Canada 9/4/2019 Annual/Special Management 3 Advisory Vote on Executive Compensation Approach For ForOpen Text Corporation OTEX Canada 9/4/2019 Annual/Special Management 4 Approve Shareholder Rights Plan For ForTecsys Inc. TCS Canada 9/5/2019 Annual Management 1.1 Elect Director Frank J. Bergandi For ForTecsys Inc. TCS Canada 9/5/2019 Annual Management 1.2 Elect Director David Brereton For ForTecsys Inc. TCS Canada 9/5/2019 Annual Management 1.3 Elect Director Peter Brereton For ForTecsys Inc. TCS Canada 9/5/2019 Annual Management 1.4 Elect Director Vernon Lobo For ForTecsys Inc. TCS Canada 9/5/2019 Annual Management 1.5 Elect Director Steve Sasser For ForTecsys Inc. TCS Canada 9/5/2019 Annual Management 1.6 Elect Director David Wayland For ForTecsys Inc. TCS Canada 9/5/2019 Annual Management 1.7 Elect Director John Ensign For ForTecsys Inc. TCS Canada 9/5/2019 Annual Management 1.8 Elect Director David Booth For For

Tecsys Inc. TCS Canada 9/5/2019 Annual Management 2Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Empire Company Limited EMP.A Canada 9/12/2019 Annual Management 1 Advisory Vote on Executive Compensation Approach For For

Alimentation Couche-Tard Inc. ATD.B Canada 9/18/2019 Annual Management 1Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Alimentation Couche-Tard Inc. ATD.B Canada 9/18/2019 Annual Management 2.1 Elect Director Alain Bouchard For ForAlimentation Couche-Tard Inc. ATD.B Canada 9/18/2019 Annual Management 2.2 Elect Director Melanie Kau For ForAlimentation Couche-Tard Inc. ATD.B Canada 9/18/2019 Annual Management 2.3 Elect Director Jean Bernier For ForAlimentation Couche-Tard Inc. ATD.B Canada 9/18/2019 Annual Management 2.4 Elect Director Nathalie Bourque For ForAlimentation Couche-Tard Inc. ATD.B Canada 9/18/2019 Annual Management 2.5 Elect Director Eric Boyko For ForAlimentation Couche-Tard Inc. ATD.B Canada 9/18/2019 Annual Management 2.6 Elect Director Jacques D'Amours For ForAlimentation Couche-Tard Inc. ATD.B Canada 9/18/2019 Annual Management 2.7 Elect Director Richard Fortin For ForAlimentation Couche-Tard Inc. ATD.B Canada 9/18/2019 Annual Management 2.8 Elect Director Brian Hannasch For ForAlimentation Couche-Tard Inc. ATD.B Canada 9/18/2019 Annual Management 2.9 Elect Director Marie Josee Lamothe For ForAlimentation Couche-Tard Inc. ATD.B Canada 9/18/2019 Annual Management 2.10 Elect Director Monique F. Leroux For ForAlimentation Couche-Tard Inc. ATD.B Canada 9/18/2019 Annual Management 2.11 Elect Director Real Plourde For ForAlimentation Couche-Tard Inc. ATD.B Canada 9/18/2019 Annual Management 2.12 Elect Director Daniel Rabinowicz For ForAlimentation Couche-Tard Inc. ATD.B Canada 9/18/2019 Annual Management 2.13 Elect Director Louis Tetu For ForAlimentation Couche-Tard Inc. ATD.B Canada 9/18/2019 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 1 Accept Financial Statements and Statutory Reports For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 2 Approve Remuneration Report For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 3 Approve Final Dividend For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 4 Elect Debra Crew as Director For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 5 Re-elect Lord Davies as Director For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 6 Re-elect Javier Ferran as Director For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 7 Re-elect Susan Kilsby as Director For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 8 Re-elect Ho KwonPing as Director For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 9 Re-elect Nicola Mendelsohn as Director For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 10 Re-elect Ivan Menezes as Director For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 11 Re-elect Kathryn Mikells as Director For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 12 Re-elect Alan Stewart as Director For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 13 Reappoint PricewaterhouseCoopers LLP as Auditors For For

Page 12: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Diageo Plc DGE United Kingdom 9/19/2019 Annual Management 14 Authorise the Audit Committee to Fix Remuneration of Auditors For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 15 Authorise EU Political Donations and Expenditure For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 16 Authorise Issue of Equity For AgainstDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 17 Approve Irish Sharesave Scheme For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 18 Authorise Issue of Equity without Pre-emptive Rights For ForDiageo Plc DGE United Kingdom 9/19/2019 Annual Management 19 Authorise Market Purchase of Ordinary Shares For For

Diageo Plc DGE United Kingdom 9/19/2019 Annual Management 20Authorise the Company to Call General Meeting with Two Weeks' Notice For For

Diageo Plc DGE United Kingdom 9/19/2019 Annual Management 21 Adopt New Articles of Association For ForNIKE, Inc. NKE USA 9/19/2019 Annual Management 1.1 Elect Director Alan B. Graf, Jr. For ForNIKE, Inc. NKE USA 9/19/2019 Annual Management 1.2 Elect Director Peter B. Henry For ForNIKE, Inc. NKE USA 9/19/2019 Annual Management 1.3 Elect Director Michelle A. Peluso For For

NIKE, Inc. NKE USA 9/19/2019 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For Against

NIKE, Inc. NKE USA 9/19/2019 Annual Management 3 Ratify PricewaterhouseCoopers LLP as Auditors For For

TravelSky Technology Limited 696 China 9/25/2019 Special Management 1

Elect Xi Sheng as Director, Authorize Board to Fix His Remuneration and Approve Resignation of Tang Bing as Director For Against

The Procter & Gamble Company PG USA 10/8/2019 Annual Management 1a Elect Director Francis S. Blake For ForThe Procter & Gamble Company PG USA 10/8/2019 Annual Management 1b Elect Director Angela F. Braly For ForThe Procter & Gamble Company PG USA 10/8/2019 Annual Management 1c Elect Director Amy L. Chang For ForThe Procter & Gamble Company PG USA 10/8/2019 Annual Management 1d Elect Director Scott D. Cook For ForThe Procter & Gamble Company PG USA 10/8/2019 Annual Management 1e Elect Director Joseph Jimenez For AgainstThe Procter & Gamble Company PG USA 10/8/2019 Annual Management 1f Elect Director Terry J. Lundgren For AgainstThe Procter & Gamble Company PG USA 10/8/2019 Annual Management 1g Elect Director Christine M. McCarthy For ForThe Procter & Gamble Company PG USA 10/8/2019 Annual Management 1h Elect Director W. James McNerney, Jr. For AgainstThe Procter & Gamble Company PG USA 10/8/2019 Annual Management 1i Elect Director Nelson Peltz For ForThe Procter & Gamble Company PG USA 10/8/2019 Annual Management 1j Elect Director David S. Taylor For ForThe Procter & Gamble Company PG USA 10/8/2019 Annual Management 1k Elect Director Margaret C. Whitman For ForThe Procter & Gamble Company PG USA 10/8/2019 Annual Management 1l Elect Director Patricia A. Woertz For ForThe Procter & Gamble Company PG USA 10/8/2019 Annual Management 2 Ratify Deloitte & Touche LLP as Auditors For For

The Procter & Gamble Company PG USA 10/8/2019 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For Against

The Procter & Gamble Company PG USA 10/8/2019 Annual Management 4 Approve Omnibus Stock Plan For AgainstAllergan plc AGN Ireland 10/14/2019 Annual Management 1 Approve Scheme of Arrangement For ForAllergan plc AGN Ireland 10/14/2019 Special Management 1 Approve Scheme of Arrangement For ForAllergan plc AGN Ireland 10/14/2019 Special Management 2 Approve Cancellation of Cancellation Shares For ForAllergan plc AGN Ireland 10/14/2019 Special Management 3 Authorize Board to Allot and Issue Shares For ForAllergan plc AGN Ireland 10/14/2019 Special Management 4 Amend Articles of Association For ForAllergan plc AGN Ireland 10/14/2019 Special Management 5 Advisory Vote on Golden Parachutes For ForAllergan plc AGN Ireland 10/14/2019 Special Management 6 Adjourn Meeting For ForDechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 1 Accept Financial Statements and Statutory Reports For ForDechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 2 Approve Remuneration Report For ForDechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 3 Approve Final Dividend For For

Page 13: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Dechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 4 Elect Lisa Bright as Director For ForDechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 5 Re-elect Tony Rice as Director For ForDechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 6 Re-elect Ian Page as Director For ForDechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 7 Re-elect Anthony Griffin as Director For ForDechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 8 Re-elect Julian Heslop as Director For ForDechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 9 Re-elect Ishbel Macpherson as Director For ForDechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 10 Re-elect Lawson Macartney as Director For ForDechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 11 Reappoint PricewaterhouseCoopers LLP as Auditors For For

Dechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 12 Authorise the Audit Committee to Fix Remuneration of Auditors For ForDechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 13 Authorise Issue of Equity For ForDechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 14 Authorise Issue of Equity without Pre-emptive Rights For For

Dechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 15Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment For For

Dechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 16 Authorise Market Purchase of Ordinary Shares For For

Dechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 17Authorise the Company to Call General Meeting with Two Weeks' Notice For For

Dechra Pharmaceuticals PLC DPH United Kingdom 10/18/2019 Annual Management 18 Adopt New Articles of Association For ForCtrip.com International Ltd. CTRP Cayman Islands 10/25/2019 Annual Management 1 Approve Change of Company Name For ForAmcor plc AMCR Jersey 11/5/2019 Annual Management 1a Elect Director Graeme Liebelt For ForAmcor plc AMCR Jersey 11/5/2019 Annual Management 1b Elect Director Armin Meyer For ForAmcor plc AMCR Jersey 11/5/2019 Annual Management 1c Elect Director Ronald Delia For ForAmcor plc AMCR Jersey 11/5/2019 Annual Management 1d Elect Director Andrea Bertone For ForAmcor plc AMCR Jersey 11/5/2019 Annual Management 1e Elect Director Karen Guerra For ForAmcor plc AMCR Jersey 11/5/2019 Annual Management 1f Elect Director Nicholas (Tom) Long For ForAmcor plc AMCR Jersey 11/5/2019 Annual Management 1g Elect Director Arun Nayar For ForAmcor plc AMCR Jersey 11/5/2019 Annual Management 1h Elect Director Jeremy Sutcliffe For ForAmcor plc AMCR Jersey 11/5/2019 Annual Management 1i Elect Director David Szczupak For ForAmcor plc AMCR Jersey 11/5/2019 Annual Management 1j Elect Director Philip Weaver For ForAmcor plc AMCR Jersey 11/5/2019 Annual Management 2 Ratify PricewaterhouseCoopers LLP as Auditors For For

Amcor plc AMCR Jersey 11/5/2019 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

Amcor plc AMCR Jersey 11/5/2019 Annual Management 4 Advisory Vote on Say on Pay Frequency One Year One YearBHP Group Limited BHP Australia 11/7/2019 Annual Management 1 Accept Financial Statements and Statutory Reports For ForBHP Group Limited BHP Australia 11/7/2019 Annual Management 2 Appoint Ernst & Young as Auditor of the Company For For

BHP Group Limited BHP Australia 11/7/2019 Annual Management 3Authorize the Risk and Audit Committee to Fix Remuneration of the Auditors For For

BHP Group Limited BHP Australia 11/7/2019 Annual Management 4 Approve General Authority to Issue Shares in BHP Group Plc For For

BHP Group Limited BHP Australia 11/7/2019 Annual Management 5Approve General Authority to Issue Shares in BHP Group Plc for Cash For For

BHP Group Limited BHP Australia 11/7/2019 Annual Management 6 Approve the Repurchase of Shares in BHP Group Plc For ForBHP Group Limited BHP Australia 11/7/2019 Annual Management 7 Approve Remuneration Policy For ForBHP Group Limited BHP Australia 11/7/2019 Annual Management 8 Approve Remuneration Report for UK Law Purposes For For

Page 14: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

BHP Group Limited BHP Australia 11/7/2019 Annual Management 9 Approve Remuneration Report for Australian Law Purposes For ForBHP Group Limited BHP Australia 11/7/2019 Annual Management 10 Approve the Grant of Awards to Andrew Mackenzie For ForBHP Group Limited BHP Australia 11/7/2019 Annual Management 11 Elect Ian Cockerill as Director For ForBHP Group Limited BHP Australia 11/7/2019 Annual Management 12 Elect Susan Kilsby as Director For ForBHP Group Limited BHP Australia 11/7/2019 Annual Management 13 Elect Terry Bowen as Director For ForBHP Group Limited BHP Australia 11/7/2019 Annual Management 14 Elect Malcolm Broomhead as Director For ForBHP Group Limited BHP Australia 11/7/2019 Annual Management 15 Elect Anita Frew as Director For ForBHP Group Limited BHP Australia 11/7/2019 Annual Management 16 Elect Andrew Mackenzie as Director For ForBHP Group Limited BHP Australia 11/7/2019 Annual Management 17 Elect Lindsay Maxsted as Director For ForBHP Group Limited BHP Australia 11/7/2019 Annual Management 18 Elect John Mogford as Director For ForBHP Group Limited BHP Australia 11/7/2019 Annual Management 19 Elect Shriti Vadera as Director For ForBHP Group Limited BHP Australia 11/7/2019 Annual Management 20 Elect Ken MacKenzie as Director For ForBHP Group Limited BHP Australia 11/7/2019 Annual Shareholder 21 Amend Constitution of BHP Group Limited Against Against

BHP Group Limited BHP Australia 11/7/2019 Annual Shareholder 22

Approve Suspension of Memberships of Industry Associations That Are Involved in Lobbying Inconsistent with the Goals of the Paris Agreement Against Against

Automatic Data Processing, Inc. ADP USA 11/12/2019 Annual Management 1a Elect Director Peter Bisson For ForAutomatic Data Processing, Inc. ADP USA 11/12/2019 Annual Management 1b Elect Director Richard T. Clark For AgainstAutomatic Data Processing, Inc. ADP USA 11/12/2019 Annual Management 1c Elect Director R. Glenn Hubbard For AgainstAutomatic Data Processing, Inc. ADP USA 11/12/2019 Annual Management 1d Elect Director John P. Jones For ForAutomatic Data Processing, Inc. ADP USA 11/12/2019 Annual Management 1e Elect Director Francine S. Katsoudas For ForAutomatic Data Processing, Inc. ADP USA 11/12/2019 Annual Management 1f Elect Director Thomas J. Lynch For AgainstAutomatic Data Processing, Inc. ADP USA 11/12/2019 Annual Management 1g Elect Director Scott F. Powers For ForAutomatic Data Processing, Inc. ADP USA 11/12/2019 Annual Management 1h Elect Director William J. Ready For ForAutomatic Data Processing, Inc. ADP USA 11/12/2019 Annual Management 1i Elect Director Carlos A. Rodriguez For ForAutomatic Data Processing, Inc. ADP USA 11/12/2019 Annual Management 1j Elect Director Sandra S. Wijnberg For For

Automatic Data Processing, Inc. ADP USA 11/12/2019 Annual Shareholder 2Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Automatic Data Processing, Inc. ADP USA 11/12/2019 Annual Shareholder 3 Ratify Deloitte & Touche LLP as Auditors For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 1

Appoint PricewaterhouseCoopers Inc as Auditors of the Company with Eben Gerryts as the Individual Registered Auditor For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 2.1 Elect Tasneem Abdool-Samad as Director For ForBid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 2.2 Elect Clifford Rosenberg as Director For ForBid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 2.3 Re-elect David Cleasby as Director For ForBid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 2.4 Re-elect Brian Joffe as Director For ForBid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 2.5 Re-elect Dolly Mokgatle as Director For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 3.1Elect Tasneem Abdool-Samad as Member of the Audit and Risk Committee For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 3.2Re-elect Paul Baloyi as Member of the Audit and Risk Committee For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 3.3Re-elect Nigel Payne as Member of the Audit and Risk Committee For For

Page 15: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 3.4Re-elect Helen Wiseman as Chairman of the Audit and Risk Committee For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 4.1 Approve Remuneration Policy For ForBid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 4.2 Approve Implementation of Remuneration Policy For ForBid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 5 Amend Conditional Share Plan For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 6Place Authorised but Unissued Shares under Control of Directors For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 7 Authorise Board to Issue Shares for Cash For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 8Approve Pro Rata Reduction of Stated Capital in lieu of Dividend For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 9Authorise Creation and Issuance of Convertible Debentures or Other Convertible Instruments For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 10 Authorise Ratification of Approved Resolutions For ForBid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 11 Authorise Repurchase of Issued Share Capital For ForBid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.1 Approve Fees of the Chairman For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.2Approve Fees of the Lead Independent Non-executive Director (SA) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.3Approve Fees of the Lead Independent Director (International) (AUD) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.4 Approve Fees of the Non-executive Directors (SA) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.5Approve Fees of the Non-executive Directors (International) (AUD) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.6Approve Fees of the Audit and Risk Committee Chairman (International) (AUD) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.7 Approve Fees of the Audit and Risk Committee Chairman (SA) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.8 Approve Fees of the Audit and Risk Committee Member (SA) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.9Approve Fees of the Audit and Risk Committee Member (International) (AUD) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.10 Approve Fees of the Remuneration Committee Chairman (SA) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.11Approve Fees of the Remuneration Committee Chairman (International) (AUD) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.12 Approve Fees of the Remuneration Committee Member (SA) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.13Approve Fees of the Remuneration Committee Member (International) (AUD) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.14 Approve Fees of the Nominations Committee Chairman (SA) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.15Approve Fees of the Nominations Committee Chairman (International) (AUD) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.16 Approve Fees of the Nominations Committee Member (SA) For For

Page 16: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.17Approve Fees of the Nominations Committee Member (International) (AUD) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.18 Approve Fees of the Acquisitions Committee Chairman (SA) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.19Approve Fees of the Acquisitions Committee Chairman (International) (AUD) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.20 Approve Fees of the Acquisitions Committee Member (SA) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.21Approve Fees of the Acquisitions Committee Member (International) (AUD) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.22Approve Fees of the Social and Ethics Committee Chairman (SA) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.23Approve Fees of the Social and Ethics Committee Chairman (International) (AUD) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.24 Approve Fees of the Social and Ethics Committee Member (SA) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.25Approve Fees of the Social and Ethics Committee Member (International) (AUD) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.26 Approve Fees of the Ad hoc Meetings (SA) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.27 Approve Fees of the Ad hoc Meetings (International) (AUD) For ForBid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.28 Approve Fees of the Travel per Meeting Cycle (SA) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 12.29Approve Fees of the Travel per Meeting Cycle (International) (AUD) For For

Bid Corp. Ltd. BID South Africa 11/14/2019 Annual Management 13Approve Financial Assistance to Related or Inter-related Companies and Corporations For For

Oracle Corporation ORCL USA 11/19/2019 Annual Management 1.1 Elect Director Jeffrey S. Berg For WithholdOracle Corporation ORCL USA 11/19/2019 Annual Management 1.2 Elect Director Michael J. Boskin For ForOracle Corporation ORCL USA 11/19/2019 Annual Management 1.3 Elect Director Safra A. Catz For ForOracle Corporation ORCL USA 11/19/2019 Annual Management 1.4 Elect Director Bruce R. Chizen For WithholdOracle Corporation ORCL USA 11/19/2019 Annual Management 1.5 Elect Director George H. Conrades For WithholdOracle Corporation ORCL USA 11/19/2019 Annual Management 1.6 Elect Director Lawrence J. Ellison For ForOracle Corporation ORCL USA 11/19/2019 Annual Management 1.7 Elect Director Rona A. Fairhead For For

Oracle Corporation ORCL USA 11/19/2019 Annual Management 1.8 Elect Director Hector Garcia-Molina *Withdrawn Resolution* Oracle Corporation ORCL USA 11/19/2019 Annual Management 1.9 Elect Director Jeffrey O. Henley For ForOracle Corporation ORCL USA 11/19/2019 Annual Management 1.10 Elect Director Mark V. Hurd - Deceased Oracle Corporation ORCL USA 11/19/2019 Annual Management 1.11 Elect Director Renee J. James For ForOracle Corporation ORCL USA 11/19/2019 Annual Management 1.12 Elect Director Charles W. Moorman, IV For WithholdOracle Corporation ORCL USA 11/19/2019 Annual Management 1.13 Elect Director Leon E. Panetta For WithholdOracle Corporation ORCL USA 11/19/2019 Annual Management 1.14 Elect Director William G. Parrett For ForOracle Corporation ORCL USA 11/19/2019 Annual Management 1.15 Elect Director Naomi O. Seligman For Withhold

Oracle Corporation ORCL USA 11/19/2019 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Oracle Corporation ORCL USA 11/19/2019 Annual Management 3 Ratify Ernst & Young LLP as Auditors For For

Page 17: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Oracle Corporation ORCL USA 11/19/2019 Annual Shareholder 4 Report on Gender Pay Gap Against ForOracle Corporation ORCL USA 11/19/2019 Annual Shareholder 5 Require Independent Board Chairman Against For

Moscow Exchange MICEX-RTS PJSC MOEX Russia 11/21/2019 Special Management 1 Approve Early Termination of Powers of Audit Commission For ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 11/21/2019 Special Management 2.1 Elect Mikhail Kireev as Member of Audit Commission For For

Moscow Exchange MICEX-RTS PJSC MOEX Russia 11/21/2019 Special Management 2.2 Elect Natalia Perchatkina as Member of Audit Commission For For

Moscow Exchange MICEX-RTS PJSC MOEX Russia 11/21/2019 Special Management 2.3 Elect Olga Romantsova as Member of Audit Commission For ForMicrosoft Corporation MSFT USA 12/4/2019 Annual Management 1.1 Elect Director William H. Gates, III For ForMicrosoft Corporation MSFT USA 12/4/2019 Annual Management 1.2 Elect Director Reid G. Hoffman For ForMicrosoft Corporation MSFT USA 12/4/2019 Annual Management 1.3 Elect Director Hugh F. Johnston For ForMicrosoft Corporation MSFT USA 12/4/2019 Annual Management 1.4 Elect Director Teri L. List-Stoll For ForMicrosoft Corporation MSFT USA 12/4/2019 Annual Management 1.5 Elect Director Satya Nadella For ForMicrosoft Corporation MSFT USA 12/4/2019 Annual Management 1.6 Elect Director Sandra E. Peterson For AgainstMicrosoft Corporation MSFT USA 12/4/2019 Annual Management 1.7 Elect Director Penny S. Pritzker For ForMicrosoft Corporation MSFT USA 12/4/2019 Annual Management 1.8 Elect Director Charles W. Scharf For AgainstMicrosoft Corporation MSFT USA 12/4/2019 Annual Management 1.9 Elect Director Arne M. Sorenson For ForMicrosoft Corporation MSFT USA 12/4/2019 Annual Management 1.10 Elect Director John W. Stanton For ForMicrosoft Corporation MSFT USA 12/4/2019 Annual Management 1.11 Elect Director John W. Thompson For ForMicrosoft Corporation MSFT USA 12/4/2019 Annual Management 1.12 Elect Director Emma N. Walmsley For ForMicrosoft Corporation MSFT USA 12/4/2019 Annual Management 1.13 Elect Director Padmasree Warrior For Against

Microsoft Corporation MSFT USA 12/4/2019 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Microsoft Corporation MSFT USA 12/4/2019 Annual Management 3 Ratify Deloitte & Touche LLP as Auditors For For

Microsoft Corporation MSFT USA 12/4/2019 Annual Shareholder 4 Report on Employee Representation on the Board of Directors Against AgainstMicrosoft Corporation MSFT USA 12/4/2019 Annual Shareholder 5 Report on Gender Pay Gap Against AgainstCopart, Inc. CPRT USA 12/6/2019 Annual Management 1.1 Elect Director Willis J. Johnson For ForCopart, Inc. CPRT USA 12/6/2019 Annual Management 1.2 Elect Director A. Jayson Adair For ForCopart, Inc. CPRT USA 12/6/2019 Annual Management 1.3 Elect Director Matt Blunt For ForCopart, Inc. CPRT USA 12/6/2019 Annual Management 1.4 Elect Director Steven D. Cohan For ForCopart, Inc. CPRT USA 12/6/2019 Annual Management 1.5 Elect Director Daniel J. Englander For ForCopart, Inc. CPRT USA 12/6/2019 Annual Management 1.6 Elect Director James E. Meeks For ForCopart, Inc. CPRT USA 12/6/2019 Annual Management 1.7 Elect Director Thomas N. Tryforos For ForCopart, Inc. CPRT USA 12/6/2019 Annual Management 1.8 Elect Director Diane M. Morefield For ForCopart, Inc. CPRT USA 12/6/2019 Annual Management 1.9 Elect Director Stephen Fisher For For

Copart, Inc. CPRT USA 12/6/2019 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

Copart, Inc. CPRT USA 12/6/2019 Annual Management 3 Ratify Ernst & Young LLP as Auditors For ForMedtronic plc MDT Ireland 12/6/2019 Annual Management 1a Elect Director Richard H. Anderson For AgainstMedtronic plc MDT Ireland 12/6/2019 Annual Management 1b Elect Director Craig Arnold For AgainstMedtronic plc MDT Ireland 12/6/2019 Annual Management 1c Elect Director Scott C. Donnelly For AgainstMedtronic plc MDT Ireland 12/6/2019 Annual Management 1d Elect Director Andrea J. Goldsmith For ForMedtronic plc MDT Ireland 12/6/2019 Annual Management 1e Elect Director Randall J. Hogan, III For Against

Page 18: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Medtronic plc MDT Ireland 12/6/2019 Annual Management 1f Elect Director Omar Ishrak For ForMedtronic plc MDT Ireland 12/6/2019 Annual Management 1g Elect Director Michael O. Leavitt For ForMedtronic plc MDT Ireland 12/6/2019 Annual Management 1h Elect Director James T. Lenehan For ForMedtronic plc MDT Ireland 12/6/2019 Annual Management 1i Elect Director Geoffrey S. Martha For ForMedtronic plc MDT Ireland 12/6/2019 Annual Management 1j Elect Director Elizabeth G. Nabel For ForMedtronic plc MDT Ireland 12/6/2019 Annual Management 1k Elect Director Denise M. O'Leary For ForMedtronic plc MDT Ireland 12/6/2019 Annual Management 1l Elect Director Kendall J. Powell For Against

Medtronic plc MDT Ireland 12/6/2019 Annual Management 2Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Medtronic plc MDT Ireland 12/6/2019 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Medtronic plc MDT Ireland 12/6/2019 Annual Management 4 Renew the Board's Authority to Issue Shares Under Irish Law For For

Medtronic plc MDT Ireland 12/6/2019 Annual Management 5Renew the Board's Authority to Opt-Out of Statutory Pre-Emptions Rights Under Irish Law For For

Medtronic plc MDT Ireland 12/6/2019 Annual Management 6 Authorize Overseas Market Purchases of Ordinary Shares For ForPing An Insurance (Group) Co. of China Ltd. 2318 China 12/10/2019 Special Management 1.01 Elect Xie Yonglin as Director For ForPing An Insurance (Group) Co. of China Ltd. 2318 China 12/10/2019 Special Management 1.02 Elect Tan Sin Yin as Director For ForPing An Insurance (Group) Co. of China Ltd. 2318 China 12/10/2019 Special Management 2 Amend Articles of Association For For51job, Inc. JOBS Cayman Islands 12/12/2019 Annual Management 1 Elect Junichi Arai as Director For For51job, Inc. JOBS Cayman Islands 12/12/2019 Annual Management 2 Elect David K. Chao as Director For For51job, Inc. JOBS Cayman Islands 12/12/2019 Annual Management 3 Elect Li-Lan Cheng as Director For For51job, Inc. JOBS Cayman Islands 12/12/2019 Annual Management 4 Elect Eric He as Director For For51job, Inc. JOBS Cayman Islands 12/12/2019 Annual Management 5 Elect Rick Yan as Director For ForAustralia & New Zealand Banking Group Limited ANZ Australia 12/17/2019 Annual Management 2a Elect Paul Dominic O'Sullivan as Director For ForAustralia & New Zealand Banking Group Limited ANZ Australia 12/17/2019 Annual Management 2b Elect Graeme Richard Liebelt as Director For ForAustralia & New Zealand Banking Group Limited ANZ Australia 12/17/2019 Annual Management 2c Elect Sarah Jane Halton as Director For ForAustralia & New Zealand Banking Group Limited ANZ Australia 12/17/2019 Annual Management 3 Approve Remuneration Report For ForAustralia & New Zealand Banking Group Limited ANZ Australia 12/17/2019 Annual Management 4 Approve the Spill Resolution Against Against

Australia & New Zealand Banking Group Limited ANZ Australia 12/17/2019 Annual Management 5 Approve Grant of Performance Rights to Shayne Elliott For For

Australia & New Zealand Banking Group Limited ANZ Australia 12/17/2019 Annual Shareholder 6 Approve the Amendments to the Company's Constitution Against AgainstAustralia & New Zealand Banking Group Limited ANZ Australia 12/17/2019 Annual Shareholder 7 Approve Transition Planning Disclosure Against Against

Australia & New Zealand Banking Group Limited ANZ Australia 12/17/2019 Annual Shareholder 8

Approve Suspension of Memberships of Industry Associations That Are Involved in Lobbying Inconsistent with the Goals of the Paris Agreement Against Against

Axis Bank Limited 532215 India 1/9/2020 Special Management 1 Reelect S. Vishvanathan as Director For ForEncana Corporation ECA Canada 1/14/2020 Special Management 1 Approve Reorganization Plan For ForEncana Corporation ECA Canada 1/14/2020 Special Management 2 Other Business For AgainstCogeco Communications Inc. CCA Canada 1/15/2020 Annual Management 1.1 Elect Director Colleen Abdoulah For ForCogeco Communications Inc. CCA Canada 1/15/2020 Annual Management 1.2 Elect Director Louis Audet For ForCogeco Communications Inc. CCA Canada 1/15/2020 Annual Management 1.3 Elect Director James C. Cherry For ForCogeco Communications Inc. CCA Canada 1/15/2020 Annual Management 1.4 Elect Director Pippa Dunn For For

Page 19: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Cogeco Communications Inc. CCA Canada 1/15/2020 Annual Management 1.5 Elect Director Joanne Ferstman For ForCogeco Communications Inc. CCA Canada 1/15/2020 Annual Management 1.6 Elect Director Lib Gibson For ForCogeco Communications Inc. CCA Canada 1/15/2020 Annual Management 1.7 Elect Director Philippe Jette For ForCogeco Communications Inc. CCA Canada 1/15/2020 Annual Management 1.8 Elect Director Bernard Lord For ForCogeco Communications Inc. CCA Canada 1/15/2020 Annual Management 1.9 Elect Director David McAusland For ForCogeco Communications Inc. CCA Canada 1/15/2020 Annual Management 1.1 Elect Director Carole J. Salomon For For

Cogeco Communications Inc. CCA Canada 1/15/2020 Annual Management 2Approve Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Cogeco Communications Inc. CCA Canada 1/15/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For For

TravelSky Technology Limited 696 China 1/16/2020 Special Management 1Approve Phase II H Share Appreciation Rights Scheme and Related Transactions For Against

Costco Wholesale Corporation COST USA 1/22/2020 Annual Management 1.1 Elect Director Susan L. Decker For ForCostco Wholesale Corporation COST USA 1/22/2020 Annual Management 1.2 Elect Director Richard A. Galanti For ForCostco Wholesale Corporation COST USA 1/22/2020 Annual Management 1.3 Elect Director Sally Jewell For ForCostco Wholesale Corporation COST USA 1/22/2020 Annual Management 1.4 Elect Director Charles T. Munger For ForCostco Wholesale Corporation COST USA 1/22/2020 Annual Management 2 Ratify KPMG LLP as Auditors For For

Costco Wholesale Corporation COST USA 1/22/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

Costco Wholesale Corporation COST USA 1/22/2020 Annual Management 4Amend Articles of Incorporation to Provide Directors May Be Removed With or Without Cause For For

Costco Wholesale Corporation COST USA 1/22/2020 Annual Shareholder 5 Disclose Board Diversity and Qualifications Matrix Against AgainstDaVita Inc. DVA USA 1/23/2020 Special Management 1 Amend Omnibus Stock Plan For AgainstBecton, Dickinson and Company BDX USA 1/28/2020 Annual Management 1.1 Elect Director Catherine M. Burzik For ForBecton, Dickinson and Company BDX USA 1/28/2020 Annual Management 1.2 Elect Director R. Andrew Eckert For ForBecton, Dickinson and Company BDX USA 1/28/2020 Annual Management 1.3 Elect Director Vincent A. Forlenza For ForBecton, Dickinson and Company BDX USA 1/28/2020 Annual Management 1.4 Elect Director Claire M. Fraser For ForBecton, Dickinson and Company BDX USA 1/28/2020 Annual Management 1.5 Elect Director Jeffrey W. Henderson For ForBecton, Dickinson and Company BDX USA 1/28/2020 Annual Management 1.6 Elect Director Christopher Jones For ForBecton, Dickinson and Company BDX USA 1/28/2020 Annual Management 1.7 Elect Director Marshall O. Larsen For ForBecton, Dickinson and Company BDX USA 1/28/2020 Annual Management 1.8 Elect Director David F. Melcher For ForBecton, Dickinson and Company BDX USA 1/28/2020 Annual Management 1.9 Elect Director Thomas E. Polen For ForBecton, Dickinson and Company BDX USA 1/28/2020 Annual Management 1.10 Elect Director Claire Pomeroy For ForBecton, Dickinson and Company BDX USA 1/28/2020 Annual Management 1.11 Elect Director Rebecca W. Rimel For ForBecton, Dickinson and Company BDX USA 1/28/2020 Annual Management 1.12 Elect Director Timothy M. Ring For ForBecton, Dickinson and Company BDX USA 1/28/2020 Annual Management 1.13 Elect Director Bertram L. Scott For ForBecton, Dickinson and Company BDX USA 1/28/2020 Annual Management 2 Ratify Ernst & Young LLP as Auditors For For

Becton, Dickinson and Company BDX USA 1/28/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

Becton, Dickinson and Company BDX USA 1/28/2020 Annual Management 4 Amend Omnibus Stock Plan For For

Becton, Dickinson and Company BDX USA 1/28/2020 Annual Shareholder 6Reduce Ownership Threshold for Shareholders to Call Special Meeting Against Against

Metro Inc. MRU Canada 1/28/2020 Annual Management 1.1 Elect Director Maryse Bertrand For ForMetro Inc. MRU Canada 1/28/2020 Annual Management 1.2 Elect Director Pierre Boivin For ForMetro Inc. MRU Canada 1/28/2020 Annual Management 1.3 Elect Director Francois J. Coutu For ForMetro Inc. MRU Canada 1/28/2020 Annual Management 1.4 Elect Director Michel Coutu For For

Page 20: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Metro Inc. MRU Canada 1/28/2020 Annual Management 1.5 Elect Director Stephanie Coyles For ForMetro Inc. MRU Canada 1/28/2020 Annual Management 1.6 Elect Director Claude Dussault For ForMetro Inc. MRU Canada 1/28/2020 Annual Management 1.7 Elect Director Russell Goodman For ForMetro Inc. MRU Canada 1/28/2020 Annual Management 1.8 Elect Director Marc Guay For ForMetro Inc. MRU Canada 1/28/2020 Annual Management 1.9 Elect Director Christian W.E. Haub For ForMetro Inc. MRU Canada 1/28/2020 Annual Management 1.10 Elect Director Eric R. La Fleche For ForMetro Inc. MRU Canada 1/28/2020 Annual Management 1.11 Elect Director Christine Magee For ForMetro Inc. MRU Canada 1/28/2020 Annual Management 1.12 Elect Director Real Raymond For ForMetro Inc. MRU Canada 1/28/2020 Annual Management 1.13 Elect Director Line Rivard For ForMetro Inc. MRU Canada 1/28/2020 Annual Management 2 Ratify Ernst & Young LLP as Auditors For ForMetro Inc. MRU Canada 1/28/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForCGI Inc. GIB.A Canada 1/29/2020 Annual Management 1.1 Elect Director Alain Bouchard For ForCGI Inc. GIB.A Canada 1/29/2020 Annual Management 1.2 Elect Director Sophie Brochu For ForCGI Inc. GIB.A Canada 1/29/2020 Annual Management 1.3 Elect Director George A. Cope For ForCGI Inc. GIB.A Canada 1/29/2020 Annual Management 1.4 Elect Director Paule Dore For ForCGI Inc. GIB.A Canada 1/29/2020 Annual Management 1.5 Elect Director Richard B. Evans For ForCGI Inc. GIB.A Canada 1/29/2020 Annual Management 1.6 Elect Director Julie Godin For ForCGI Inc. GIB.A Canada 1/29/2020 Annual Management 1.7 Elect Director Serge Godin For ForCGI Inc. GIB.A Canada 1/29/2020 Annual Management 1.8 Elect Director Timothy J. Hearn For ForCGI Inc. GIB.A Canada 1/29/2020 Annual Management 1.9 Elect Director Andre Imbeau For ForCGI Inc. GIB.A Canada 1/29/2020 Annual Management 1.10 Elect Director Gilles Labbe For ForCGI Inc. GIB.A Canada 1/29/2020 Annual Management 1.11 Elect Director Michael B. Pedersen For ForCGI Inc. GIB.A Canada 1/29/2020 Annual Management 1.12 Elect Director Alison Reed For ForCGI Inc. GIB.A Canada 1/29/2020 Annual Management 1.13 Elect Director Michael E. Roach For ForCGI Inc. GIB.A Canada 1/29/2020 Annual Management 1.14 Elect Director George D. Schindler For ForCGI Inc. GIB.A Canada 1/29/2020 Annual Management 1.15 Elect Director Kathy N. Waller For ForCGI Inc. GIB.A Canada 1/29/2020 Annual Management 1.16 Elect Director Joakim Westh For For

CGI Inc. GIB.A Canada 1/29/2020 Annual Management 2Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

CGI Inc. GIB.A Canada 1/29/2020 Annual Shareholder 3 SP1: Disclosure of Voting Results by Class of Shares Against AgainstWalgreens Boots Alliance, Inc. WBA USA 1/30/2020 Annual Management 1a Elect Director Jose E. Almeida For AgainstWalgreens Boots Alliance, Inc. WBA USA 1/30/2020 Annual Management 1b Elect Director Janice M. Babiak For ForWalgreens Boots Alliance, Inc. WBA USA 1/30/2020 Annual Management 1c Elect Director David J. Brailer For ForWalgreens Boots Alliance, Inc. WBA USA 1/30/2020 Annual Management 1d Elect Director William C. Foote For AgainstWalgreens Boots Alliance, Inc. WBA USA 1/30/2020 Annual Management 1e Elect Director Ginger L. Graham For ForWalgreens Boots Alliance, Inc. WBA USA 1/30/2020 Annual Management 1f Elect Director John A. Lederer For AgainstWalgreens Boots Alliance, Inc. WBA USA 1/30/2020 Annual Management 1g Elect Director Dominic P. Murphy For ForWalgreens Boots Alliance, Inc. WBA USA 1/30/2020 Annual Management 1h Elect Director Stefano Pessina For ForWalgreens Boots Alliance, Inc. WBA USA 1/30/2020 Annual Management 1i Elect Director Nancy M. Schlichting For AgainstWalgreens Boots Alliance, Inc. WBA USA 1/30/2020 Annual Management 1j Elect Director James A. Skinner For ForWalgreens Boots Alliance, Inc. WBA USA 1/30/2020 Annual Management 2 Ratify Deloitte & Touche LLP as Auditors For For

Walgreens Boots Alliance, Inc. WBA USA 1/30/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Walgreens Boots Alliance, Inc. WBA USA 1/30/2020 Annual Shareholder 4 Require Independent Board Chairman Against For

Page 21: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Walgreens Boots Alliance, Inc. WBA USA 1/30/2020 Annual Shareholder 5 Adopt a Policy on Bonus Banking *Withdrawn Resolution*

Walgreens Boots Alliance, Inc. WBA USA 1/30/2020 Annual Shareholder 6Reduce Ownership Threshold for Shareholders to Call Special Meeting Against Against

Thai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 1 Approve Minutes of Previous Meeting For For

Thai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 2Acknowledge Business Operation for 2019 and the Report of the Board of Directors

Thai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 3 Approve Financial Statements and Auditors' Reports For For

Thai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 4 Approve Dividend Payment and Appropriation for Legal Reserve For ForThai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 5.1.1 Elect Kanung Luchai as Director For ForThai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 5.1.2 Elect Pornchai Matangkasombut as Director For ForThai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 5.1.3 Elect Choo-Chat Kambhu Na Ayudhya as Director For ForThai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 5.1.4 Elect Vivat Tejapaibul as Director For ForThai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 5.1.5 Elect Panote Sirivadhanabhakdi as Director For AgainstThai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 5.2 Elect Timothy Chia Chee Ming as Director For AgainstThai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 5.3 Approve Determination of Director Authorities For ForThai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 6 Approve Remuneration of Directors For For

Thai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 7Approve Auditors and Authorize Board to Fix Their Remuneration For For

Thai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 8 Approve D&O Insurance for Directors and Executives For ForThai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 9 Approve Mandate for Interested Person Transactions For ForThai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 10 Amend Articles of Association For For

Thai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 11Approve Transfer of Shares to Chang Beer Co., Ltd. in Relation to the Business Restructuring Plan For For

Thai Beverage Public Company Limited Y92 Thailand 1/31/2020 Annual Management 12 Other Business For AgainstEmerson Electric Co. EMR USA 2/4/2020 Annual Management 1.1 Elect Director Martin S. Craighead For ForEmerson Electric Co. EMR USA 2/4/2020 Annual Management 1.2 Elect Director David N. Farr For ForEmerson Electric Co. EMR USA 2/4/2020 Annual Management 1.3 Elect Director Gloria A. Flach For WithholdEmerson Electric Co. EMR USA 2/4/2020 Annual Management 1.4 Elect Director Matthew S. Levatich For WithholdEmerson Electric Co. EMR USA 2/4/2020 Annual Management 2 Ratify KPMG LLP as Auditors For For

Emerson Electric Co. EMR USA 2/4/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Emerson Electric Co. EMR USA 2/4/2020 Annual Management 4 Declassify the Board of Directors For For

Siemens AG SIE Germany 2/5/2020 Annual Management 1Receive Financial Statements and Statutory Reports for Fiscal 2018/19 (Non-Voting)

Siemens AG SIE Germany 2/5/2020 Annual Management 2Approve Allocation of Income and Dividends of EUR 3.90 per Share For For

Siemens AG SIE Germany 2/5/2020 Annual Management 3aApprove Discharge of Management Board Member Joe Kaeser for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 3bApprove Discharge of Management Board Member Roland Busch for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 3cApprove Discharge of Management Board Member Lisa Davis for Fiscal 2018/19 For For

Page 22: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Siemens AG SIE Germany 2/5/2020 Annual Management 3dApprove Discharge of Management Board Member Klaus Helmrich for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 3eApprove Discharge of Management Board Member Janina Kugel for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 3fApprove Discharge of Management Board Member Cedrik Neike for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 3gApprove Discharge of Management Board Member Michael Sen for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 3hApprove Discharge of Management Board Member Ralf Thomas for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4aApprove Discharge of Supervisory Board Member Jim Hagemann Snabe for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4bApprove Discharge of Supervisory Board Member Birgit Steinborn for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4cApprove Discharge of Supervisory Board Member Werner Wenning for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4dApprove Discharge of Supervisory Board Member Werner Brandt for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4eApprove Discharge of Supervisory Board Member Michael Diekmann for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4fApprove Discharge of Supervisory Board Member Andrea Fehrmann for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4gApprove Discharge of Supervisory Board Member Reinhard Hahn (until January 30, 2019) for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4hApprove Discharge of Supervisory Board Member Bettina Haller for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4iApprove Discharge of Supervisory Board Member Robert Kensbock for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4jApprove Discharge of Supervisory Board Member Harald Kern for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4kApprove Discharge of Supervisory Board Member Juergen Kerner for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4lApprove Discharge of Supervisory Board Member Nicola Leibinger-Kammueller for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4mApprove Discharge of Supervisory Board Member Benoit Potier for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4nApprove Discharge of Supervisory Board Member Hagen Reimer (from January 30, 2019) for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4oApprove Discharge of Supervisory Board Member Norbert Reithofer for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4pApprove Discharge of Supervisory Board Member Dame Shafik for Fiscal 2018/19 For For

Page 23: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Siemens AG SIE Germany 2/5/2020 Annual Management 4qApprove Discharge of Supervisory Board Member Nathalie von Siemens for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4rApprove Discharge of Supervisory Board Member Michael Sigmund for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4sApprove Discharge of Supervisory Board Member Dorothea Simon for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4tApprove Discharge of Supervisory Board Member Matthias Zachert for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 4uApprove Discharge of Supervisory Board Member Gunnar Zukunft for Fiscal 2018/19 For For

Siemens AG SIE Germany 2/5/2020 Annual Management 5 Ratify Ernst & Young GmbH as Auditors for Fiscal 2019/20 For ForSiemens AG SIE Germany 2/5/2020 Annual Management 6 Approve Remuneration Policy For For

Siemens AG SIE Germany 2/5/2020 Annual Management 7Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares For For

Siemens AG SIE Germany 2/5/2020 Annual Management 8Authorize Use of Financial Derivatives when Repurchasing Shares For For

Siemens AG SIE Germany 2/5/2020 Annual Management 9

Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds without Preemptive Rights up to Aggregate Nominal Amount of EUR 15 Billion; Approve Creation of EUR 180 Million Pool of Capital to Guarantee Conversion Rights For For

Siemens AG SIE Germany 2/5/2020 Annual Management 10Approve Affiliation Agreement with Subsidiary Siemens Mobility GmbH For For

Siemens AG SIE Germany 2/5/2020 Annual Shareholder 11 Additional Proposals Presented at the Meeting Against AgainstSiemens AG SIE Germany 2/5/2020 Annual Shareholder A Counter Motion A Against AgainstSiemens AG SIE Germany 2/5/2020 Annual Shareholder B Counter Motion B Against AgainstSiemens AG SIE Germany 2/5/2020 Annual Shareholder C Counter Motion C Against AgainstSiemens AG SIE Germany 2/5/2020 Annual Shareholder D Counter Motion D Against AgainstSiemens AG SIE Germany 2/5/2020 Annual Shareholder E Counter Motion E Against AgainstSiemens AG SIE Germany 2/5/2020 Annual Shareholder F Counter Motion F Against AgainstSiemens AG SIE Germany 2/5/2020 Annual Shareholder G Counter Motion Against AgainstCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 2 Approve Remuneration Report For ForCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 3 Approve Final Dividend For ForCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 4 Elect Karen Witts as Director For ForCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 5 Re-elect Dominic Blakemore as Director For ForCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 6 Re-elect Gary Green as Director For ForCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 7 Re-elect Carol Arrowsmith as Director For ForCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 8 Re-elect John Bason as Director For ForCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 9 Re-elect Stefan Bomhard as Director For ForCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 10 Re-elect John Bryant as Director For ForCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 11 Re-elect Anne-Francoise Nesmes as Director For ForCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 12 Re-elect Nelson Silva as Director For ForCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 13 Re-elect Ireena Vittal as Director For For

Page 24: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Compass Group Plc CPG United Kingdom 2/6/2020 Annual Management 14 Re-elect Paul Walsh as Director For ForCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 15 Reappoint KPMG LLP as Auditors For For

Compass Group Plc CPG United Kingdom 2/6/2020 Annual Management 16 Authorise the Audit Committee to Fix Remuneration of Auditors For ForCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 17 Authorise EU Political Donations and Expenditure For ForCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 18 Approve Payment of Fees to Non-executive Directors For ForCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 19 Authorise Issue of Equity For AgainstCompass Group Plc CPG United Kingdom 2/6/2020 Annual Management 20 Authorise Issue of Equity without Pre-emptive Rights For For

Compass Group Plc CPG United Kingdom 2/6/2020 Annual Management 21Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment For For

Compass Group Plc CPG United Kingdom 2/6/2020 Annual Management 22 Authorise Market Purchase of Ordinary Shares For For

Compass Group Plc CPG United Kingdom 2/6/2020 Annual Management 23Authorise the Company to Call General Meeting with 14 Working Days' Notice For For

Real Matters Inc. REAL Canada 2/7/2020 Annual/Special Management 1a Elect Director Garry Foster For ForReal Matters Inc. REAL Canada 2/7/2020 Annual/Special Management 1b Elect Director Blaine Hobson For ForReal Matters Inc. REAL Canada 2/7/2020 Annual/Special Management 1c Elect Director William Holland For ForReal Matters Inc. REAL Canada 2/7/2020 Annual/Special Management 1d Elect Director Frank McMahon For ForReal Matters Inc. REAL Canada 2/7/2020 Annual/Special Management 1e Elect Director Lisa Melchior For ForReal Matters Inc. REAL Canada 2/7/2020 Annual/Special Management 1f Elect Director Jason Smith For ForReal Matters Inc. REAL Canada 2/7/2020 Annual/Special Management 1g Elect Director Peter Vukanovich For For

Real Matters Inc. REAL Canada 2/7/2020 Annual/Special Management 2Approve Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Real Matters Inc. REAL Canada 2/7/2020 Annual/Special Management 3 Approve Advance Notice Requirement For ForCineplex Inc. CGX Canada 2/11/2020 Special Management 1 Approve Acquisition by Cineworld Group plc For ForPower Financial Corporation PWF Canada 2/11/2020 Special Management 1 Approve Reorganization Plan For Against

PT Bank Rakyat Indonesia (Persero) Tbk BBRI Indonesia 2/18/2020 Annual Management 1

Accept Financial Statements, Statutory Reports, and Report of the Partnership and Community Development Program (PCDP) and Discharge of Directors and Commissioners For For

PT Bank Rakyat Indonesia (Persero) Tbk BBRI Indonesia 2/18/2020 Annual Management 2 Approve Allocation of Income For For

PT Bank Rakyat Indonesia (Persero) Tbk BBRI Indonesia 2/18/2020 Annual Management 3Approve Remuneration and Tantiem of Directors and Commissioners For For

PT Bank Rakyat Indonesia (Persero) Tbk BBRI Indonesia 2/18/2020 Annual Management 4Appoint Auditors of the Company and the Partnership and Community Development Program (PCDP) For For

PT Bank Rakyat Indonesia (Persero) Tbk BBRI Indonesia 2/18/2020 Annual Management 5 Approve Changes in Board of Company For AgainstPeople Corporation PEO Canada 2/26/2020 Annual Management 1a Elect Director Laurie Goldberg For ForPeople Corporation PEO Canada 2/26/2020 Annual Management 1b Elect Director Scott Anderson For ForPeople Corporation PEO Canada 2/26/2020 Annual Management 1c Elect Director Richard Leipsic For ForPeople Corporation PEO Canada 2/26/2020 Annual Management 1d Elect Director Eric Stefanson For ForPeople Corporation PEO Canada 2/26/2020 Annual Management 1e Elect Director Beth S. Horowitz For For

People Corporation PEO Canada 2/26/2020 Annual Management 2Approve MNP LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Transcontinental Inc. TCL.A Canada 2/27/2020 Annual Management 1.1 Elect Director H. Peter Brues For For

Page 25: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Transcontinental Inc. TCL.A Canada 2/27/2020 Annual Management 1.2 Elect Director Jacynthe Cote For ForTranscontinental Inc. TCL.A Canada 2/27/2020 Annual Management 1.3 Elect Director Yves Leduc For ForTranscontinental Inc. TCL.A Canada 2/27/2020 Annual Management 1.4 Elect Director Isabelle Marcoux For ForTranscontinental Inc. TCL.A Canada 2/27/2020 Annual Management 1.5 Elect Director Nathalie Marcoux For ForTranscontinental Inc. TCL.A Canada 2/27/2020 Annual Management 1.6 Elect Director Pierre Marcoux For ForTranscontinental Inc. TCL.A Canada 2/27/2020 Annual Management 1.7 Elect Director Remi Marcoux For ForTranscontinental Inc. TCL.A Canada 2/27/2020 Annual Management 1.8 Elect Director Anna Martini For ForTranscontinental Inc. TCL.A Canada 2/27/2020 Annual Management 1.9 Elect Director Francois Olivier For ForTranscontinental Inc. TCL.A Canada 2/27/2020 Annual Management 1.10 Elect Director Mario Plourde For ForTranscontinental Inc. TCL.A Canada 2/27/2020 Annual Management 1.11 Elect Director Jean Raymond For ForTranscontinental Inc. TCL.A Canada 2/27/2020 Annual Management 1.12 Elect Director Francois R. Roy For ForTranscontinental Inc. TCL.A Canada 2/27/2020 Annual Management 1.13 Elect Director Annie Thabet For For

Transcontinental Inc. TCL.A Canada 2/27/2020 Annual Management 2Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Transcontinental Inc. TCL.A Canada 2/27/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForTravelSky Technology Limited 696 China 2/27/2020 Special Management 1.1 Elect Cui Zhixiong as Director For AgainstTravelSky Technology Limited 696 China 2/27/2020 Special Management 1.2 Elect Xiao Yinhong as Director For ForTravelSky Technology Limited 696 China 2/27/2020 Special Management 1.3 Elect Zhao Xiaohang as Director For AgainstTravelSky Technology Limited 696 China 2/27/2020 Special Management 1.4 Elect Xi Sheng as Director For AgainstTravelSky Technology Limited 696 China 2/27/2020 Special Management 1.5 Elect Luo Laijun a as Director For AgainstTravelSky Technology Limited 696 China 2/27/2020 Special Management 1.6 Elect Cao Shiqing as Director For ForTravelSky Technology Limited 696 China 2/27/2020 Special Management 1.7 Elect Ngai Wai Fung as Director For AgainstTravelSky Technology Limited 696 China 2/27/2020 Special Management 1.8 Elect Liu Xiangqun as Director For ForTravelSky Technology Limited 696 China 2/27/2020 Special Management 2.1 Elect Zeng Yiwei as Supervisor For ForTravelSky Technology Limited 696 China 2/27/2020 Special Management 2.2 Elect Yu Yanbing as Supervisor TravelSky Technology Limited 696 China 2/27/2020 Special Management 2.3 Elect Zhu Yan as Supervisor For ForTravelSky Technology Limited 696 China 2/27/2020 Special Management 3 Approve Remuneration of Directors For ForTravelSky Technology Limited 696 China 2/27/2020 Special Management 4 Approve Remuneration of Supervisors For ForNovartis AG NOVN Switzerland 2/28/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForNovartis AG NOVN Switzerland 2/28/2020 Annual Management 2 Approve Discharge of Board and Senior Management For For

Novartis AG NOVN Switzerland 2/28/2020 Annual Management 3Approve Allocation of Income and Dividends of CHF 2.95 per Share For For

Novartis AG NOVN Switzerland 2/28/2020 Annual Management 4Approve CHF 30.2 Million Reduction in Share Capital via Cancellation of Repurchased Shares For For

Novartis AG NOVN Switzerland 2/28/2020 Annual Management 5.1Approve Remuneration of Directors in the Amount of CHF 9 Million For For

Novartis AG NOVN Switzerland 2/28/2020 Annual Management 5.2Approve Maximum Remuneration of Executive Committee in the Amount of CHF 93 Million For For

Novartis AG NOVN Switzerland 2/28/2020 Annual Management 5.3 Approve Remuneration Report For For

Novartis AG NOVN Switzerland 2/28/2020 Annual Management 6.1 Reelect Joerg Reinhardt as Director and Board Chairman For ForNovartis AG NOVN Switzerland 2/28/2020 Annual Management 6.2 Reelect Nancy Andrews as Director For ForNovartis AG NOVN Switzerland 2/28/2020 Annual Management 6.3 Reelect Ton Buechner as Director For ForNovartis AG NOVN Switzerland 2/28/2020 Annual Management 6.4 Reelect Patrice Bula as Director For ForNovartis AG NOVN Switzerland 2/28/2020 Annual Management 6.5 Reelect Srikant Datar as Director For Against

Page 26: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Novartis AG NOVN Switzerland 2/28/2020 Annual Management 6.6 Reelect Elizabeth Doherty as Director For ForNovartis AG NOVN Switzerland 2/28/2020 Annual Management 6.7 Reelect Ann Fudge as Director For AgainstNovartis AG NOVN Switzerland 2/28/2020 Annual Management 6.8 Reelect Frans van Houten as Director For ForNovartis AG NOVN Switzerland 2/28/2020 Annual Management 6.9 Reelect Andreas von Planta as Director For AgainstNovartis AG NOVN Switzerland 2/28/2020 Annual Management 6.10 Reelect Charles Sawyers as Director For ForNovartis AG NOVN Switzerland 2/28/2020 Annual Management 6.11 Reelect Enrico Vanni as Director For ForNovartis AG NOVN Switzerland 2/28/2020 Annual Management 6.12 Reelect William Winters as Director For ForNovartis AG NOVN Switzerland 2/28/2020 Annual Management 6.13 Elect Bridgette Heller as Director For ForNovartis AG NOVN Switzerland 2/28/2020 Annual Management 6.14 Elect Simon Moroney as Director For For

Novartis AG NOVN Switzerland 2/28/2020 Annual Management 7.1Reappoint Patrice Bula as Member of the Compensation Committee For For

Novartis AG NOVN Switzerland 2/28/2020 Annual Management 7.2Reappoint Srikant Datar as Member of the Compensation Committee For Against

Novartis AG NOVN Switzerland 2/28/2020 Annual Management 7.3Reappoint Enrico Vanni as Member of the Compensation Committee For For

Novartis AG NOVN Switzerland 2/28/2020 Annual Management 7.4Reappoint William Winters as Member of the Compensation Committee For For

Novartis AG NOVN Switzerland 2/28/2020 Annual Management 7.5Appoint Bridgette Heller as Member of the Compensation Committee For For

Novartis AG NOVN Switzerland 2/28/2020 Annual Management 8 Ratify PricewaterhouseCoopers AG as Auditors For ForNovartis AG NOVN Switzerland 2/28/2020 Annual Management 9 Designate Peter Zahn as Independent Proxy For ForNovartis AG NOVN Switzerland 2/28/2020 Annual Management 10 Transact Other Business (Voting) For AgainstBerry Global Group, Inc. BERY USA 3/4/2020 Annual Management 1.1 Elect Director B. Evan Bayh For AgainstBerry Global Group, Inc. BERY USA 3/4/2020 Annual Management 1.2 Elect Director Jonathan F. Foster For AgainstBerry Global Group, Inc. BERY USA 3/4/2020 Annual Management 1.3 Elect Director Idalene F. Kesner For ForBerry Global Group, Inc. BERY USA 3/4/2020 Annual Management 1.4 Elect Director Carl J. (Rick) Rickertsen For AgainstBerry Global Group, Inc. BERY USA 3/4/2020 Annual Management 1.5 Elect Director Ronald S. Rolfe For ForBerry Global Group, Inc. BERY USA 3/4/2020 Annual Management 1.6 Elect Director Thomas E. Salmon For ForBerry Global Group, Inc. BERY USA 3/4/2020 Annual Management 1.7 Elect Director Paula A. Sneed For ForBerry Global Group, Inc. BERY USA 3/4/2020 Annual Management 1.8 Elect Director Robert A. Steele For ForBerry Global Group, Inc. BERY USA 3/4/2020 Annual Management 1.9 Elect Director Stephen E. Sterrett For ForBerry Global Group, Inc. BERY USA 3/4/2020 Annual Management 1.10 Elect Director Scott B. Ullem For AgainstBerry Global Group, Inc. BERY USA 3/4/2020 Annual Management 2 Ratify Ernst & Young LLP as Auditors For For

Berry Global Group, Inc. BERY USA 3/4/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Berry Global Group, Inc. BERY USA 3/4/2020 Annual Shareholder 4 Provide Right to Act by Written Consent Against AgainstEnghouse Systems Limited ENGH Canada 3/5/2020 Annual Management 1a Elect Director Stephen J. Sadler For ForEnghouse Systems Limited ENGH Canada 3/5/2020 Annual Management 1b Elect Director Eric Demirian For ForEnghouse Systems Limited ENGH Canada 3/5/2020 Annual Management 1c Elect Director Reid Drury For ForEnghouse Systems Limited ENGH Canada 3/5/2020 Annual Management 1d Elect Director John Gibson For ForEnghouse Systems Limited ENGH Canada 3/5/2020 Annual Management 1e Elect Director Pierre Lassonde For ForEnghouse Systems Limited ENGH Canada 3/5/2020 Annual Management 1f Elect Director Jane Mowat For ForEnghouse Systems Limited ENGH Canada 3/5/2020 Annual Management 1g Elect Director Paul Stoyan For For

Enghouse Systems Limited ENGH Canada 3/5/2020 Annual Management 2Approve Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Page 27: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Enghouse Systems Limited ENGH Canada 3/5/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For For

Banco Bradesco SA BBDC4 Brazil 3/10/2020 Annual Shareholder 5

Elect Cristiana Pereira as Fiscal Council Member and Reginaldo Ferreira Alexandre as Alternate Appointed by Preferred Shareholder None For

Samsung Electronics Co., Ltd. 005930 South Korea 3/18/2020 Annual Management 1 Approve Financial Statements and Allocation of Income For ForSamsung Electronics Co., Ltd. 005930 South Korea 3/18/2020 Annual Management 2.1 Elect Han Jong-hee as Inside Director For ForSamsung Electronics Co., Ltd. 005930 South Korea 3/18/2020 Annual Management 2.2 Elect Choi Yoon-ho as Inside Director For For

Samsung Electronics Co., Ltd. 005930 South Korea 3/18/2020 Annual Management 3Approve Total Remuneration of Inside Directors and Outside Directors For For

Fomento Economico Mexicano SAB de CV FEMSAUBD Mexico 3/20/2020 Annual Management 1 Approve Financial Statements and Statutory Reports For ForFomento Economico Mexicano SAB de CV FEMSAUBD Mexico 3/20/2020 Annual Management 2 Approve Allocation of Income and Cash Dividends For ForFomento Economico Mexicano SAB de CV FEMSAUBD Mexico 3/20/2020 Annual Management 3 Set Maximum Amount of Share Repurchase Reserve For For

Fomento Economico Mexicano SAB de CV FEMSAUBD Mexico 3/20/2020 Annual Management 4

Elect Directors and Secretaries, Verify Director's Independence Classification as Per Mexican Securities Law, and Approve their Remuneration For Against

Fomento Economico Mexicano SAB de CV FEMSAUBD Mexico 3/20/2020 Annual Management 5

Elect Members and Chairmen of Planning and Finance, Audit, and Corporate Practices Committees; Approve Their Remuneration For Against

Fomento Economico Mexicano SAB de CV FEMSAUBD Mexico 3/20/2020 Annual Management 6 Authorize Board to Ratify and Execute Approved Resolutions For ForFomento Economico Mexicano SAB de CV FEMSAUBD Mexico 3/20/2020 Annual Management 7 Approve Minutes of Meeting For For

Kao Corp. 4452 Japan 3/25/2020 Annual Management 1 Approve Allocation of Income, with a Final Dividend of JPY 65 For For

Kao Corp. 4452 Japan 3/25/2020 Annual Management 2 Amend Articles to Amend Provisions on Director Titles For ForKao Corp. 4452 Japan 3/25/2020 Annual Management 3.1 Elect Director Sawada, Michitaka For ForKao Corp. 4452 Japan 3/25/2020 Annual Management 3.2 Elect Director Takeuchi, Toshiaki For AgainstKao Corp. 4452 Japan 3/25/2020 Annual Management 3.3 Elect Director Hasebe, Yoshihiro For AgainstKao Corp. 4452 Japan 3/25/2020 Annual Management 3.4 Elect Director Matsuda, Tomoharu For AgainstKao Corp. 4452 Japan 3/25/2020 Annual Management 3.5 Elect Director Kadonaga, Sonosuke For ForKao Corp. 4452 Japan 3/25/2020 Annual Management 3.6 Elect Director Shinobe, Osamu For ForKao Corp. 4452 Japan 3/25/2020 Annual Management 3.7 Elect Director Mukai, Chiaki For ForKao Corp. 4452 Japan 3/25/2020 Annual Management 3.8 Elect Director Hayashi, Nobuhide For ForKao Corp. 4452 Japan 3/25/2020 Annual Management 4 Appoint Statutory Auditor Nakazawa, Takahiro For ForABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 2 Approve Remuneration Report (Non-Binding) For ForABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 3 Approve Discharge of Board and Senior Management For For

ABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 4Approve Allocation of Income and Dividends of CHF 0.80 per Share For For

ABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 5 Amend Articles Re: Annual Report For For

ABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 6.1Approve Remuneration of Directors in the Amount of CHF 4.7 Million For For

ABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 6.2Approve Remuneration of Executive Committee in the Amount of CHF 39.5 Million For For

Page 28: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

ABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 7.1 Reelect Matti Alahuhta as Director For ForABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 7.2 Reelect Gunnar Brock as Director For ForABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 7.3 Reelect David Constable as Director For ForABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 7.4 Reelect Frederico Curado as Director For ForABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 7.5 Reelect Lars Foerberg as Director For ForABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 7.6 Reelect Jennifer Xin-Zhe Li as Director For ForABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 7.7 Reelect Geraldine Matchett as Director For ForABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 7.8 Reelect David Meline as Director For ForABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 7.9 Reelect Satish Pai as Director For ForABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 7.1 Reelect Jacob Wallenberg as Director For AgainstABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 7.11 Reelect Peter Voser as Director and Board Chairman For For

ABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 8.1Appoint David Constable as Member of the Compensation Committee For For

ABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 8.2Appoint Frederico Curado as Member of the Compensation Committee For For

ABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 8.3Appoint Jennifer Xin-Zhe Li as Member of the Compensation Committee For For

ABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 9 Designate Hans Zehnder as Independent Proxy For ForABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 10 Ratify KPMG AG as Auditors For ForABB Ltd. ABBN Switzerland 3/26/2020 Annual Management 11 Transact Other Business (Voting) For AgainstGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 3/30/2020 Special Management 1 Set Maximum Amount of Share Repurchase Reserve For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 3/30/2020 Special Management 2 Authorize Board to Ratify and Execute Approved Resolutions For ForSchlumberger N.V. SLB Curacao 4/1/2020 Annual Management 1a Elect Director Patrick de La Chevardiere For ForSchlumberger N.V. SLB Curacao 4/1/2020 Annual Management 1b Elect Director Miguel M. Galuccio For ForSchlumberger N.V. SLB Curacao 4/1/2020 Annual Management 1c Elect Director Olivier Le Peuch For ForSchlumberger N.V. SLB Curacao 4/1/2020 Annual Management 1d Elect Director Tatiana A. Mitrova For ForSchlumberger N.V. SLB Curacao 4/1/2020 Annual Management 1e Elect Director Lubna S. Olayan For ForSchlumberger N.V. SLB Curacao 4/1/2020 Annual Management 1f Elect Director Mark G. Papa For ForSchlumberger N.V. SLB Curacao 4/1/2020 Annual Management 1g Elect Director Leo Rafael Reif For AgainstSchlumberger N.V. SLB Curacao 4/1/2020 Annual Management 1h Elect Director Henri Seydoux For AgainstSchlumberger N.V. SLB Curacao 4/1/2020 Annual Management 1i Elect Director Jeff W. Sheets For Against

Schlumberger N.V. SLB Curacao 4/1/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Schlumberger N.V. SLB Curacao 4/1/2020 Annual Management 3 Adopt and Approve Financials and Dividends For ForSchlumberger N.V. SLB Curacao 4/1/2020 Annual Management 4 Ratify PricewaterhouseCoopers LLP as Auditors For For

Banco Santander SA SAN Spain 4/2/2020 Annual Management 1.A Approve Consolidated and Standalone Financial Statements For ForBanco Santander SA SAN Spain 4/2/2020 Annual Management 1.B Approve Non-Financial Information Statement For ForBanco Santander SA SAN Spain 4/2/2020 Annual Management 1.C Approve Discharge of Board For ForBanco Santander SA SAN Spain 4/2/2020 Annual Management 2 Approve Allocation of Income and Dividends For ForBanco Santander SA SAN Spain 4/2/2020 Annual Management 3.A Fix Number of Directors at 15 For ForBanco Santander SA SAN Spain 4/2/2020 Annual Management 3.B Elect Luis Isasi Fernandez de Bobadilla as Director For ForBanco Santander SA SAN Spain 4/2/2020 Annual Management 3.C Elect Sergio Agapito Lires Rial as Director For For

Page 29: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Banco Santander SA SAN Spain 4/2/2020 Annual Management 3.DRatify Appointment of and Elect Pamela Ann Walkden as Director For For

Banco Santander SA SAN Spain 4/2/2020 Annual Management 3.EReelect Ana Patricia Botin-Sanz de Sautuola y O'Shea as Director For For

Banco Santander SA SAN Spain 4/2/2020 Annual Management 3.F Reelect Rodrigo Echenique Gordillo as Director For Against

Banco Santander SA SAN Spain 4/2/2020 Annual Management 3.G Reelect Esther Gimenez-Salinas i Colomer as Director For ForBanco Santander SA SAN Spain 4/2/2020 Annual Management 3.H Reelect Sol Daurella Comadran as Director For Against

Banco Santander SA SAN Spain 4/2/2020 Annual Management 4 Ratify Appointment of PricewaterhouseCoopers as Auditor For ForBanco Santander SA SAN Spain 4/2/2020 Annual Management 5 Authorize Share Repurchase Program For For

Banco Santander SA SAN Spain 4/2/2020 Annual Management 6

Authorize Increase in Capital up to 50 Percent via Issuance of Equity or Equity-Linked Securities, Excluding Preemptive Rights of up to 10 Percent For Against

Banco Santander SA SAN Spain 4/2/2020 Annual Management 7.A Approve Scrip Dividends For For

Banco Santander SA SAN Spain 4/2/2020 Annual Management 8Authorize Issuance of Non-Convertible Debt Securities up to EUR 50 Billion For For

Banco Santander SA SAN Spain 4/2/2020 Annual Management 9 Approve Remuneration Policy For AgainstBanco Santander SA SAN Spain 4/2/2020 Annual Management 10 Approve Remuneration of Directors For ForBanco Santander SA SAN Spain 4/2/2020 Annual Management 11 Fix Maximum Variable Compensation Ratio For For

Banco Santander SA SAN Spain 4/2/2020 Annual Management 12.AApprove Deferred Multiyear Objectives Variable Remuneration Plan For For

Banco Santander SA SAN Spain 4/2/2020 Annual Management 12.B Approve Deferred and Conditional Variable Remuneration Plan For ForBanco Santander SA SAN Spain 4/2/2020 Annual Management 12.C Approve Digital Transformation Award For ForBanco Santander SA SAN Spain 4/2/2020 Annual Management 12.D Approve Buy-out Policy For ForBanco Santander SA SAN Spain 4/2/2020 Annual Management 12.E Approve Employee Stock Purchase Plan For For

Banco Santander SA SAN Spain 4/2/2020 Annual Management 13 Authorize Board to Ratify and Execute Approved Resolutions For ForBanco Santander SA SAN Spain 4/2/2020 Annual Management 14 Advisory Vote on Remuneration Report For AgainstCanadian Western Bank CWB Canada 4/2/2020 Annual Management 1.1 Elect Director Andrew J. Bibby For ForCanadian Western Bank CWB Canada 4/2/2020 Annual Management 1.2 Elect Director Christopher H. Fowler For ForCanadian Western Bank CWB Canada 4/2/2020 Annual Management 1.3 Elect Director Linda M.O. Hohol For ForCanadian Western Bank CWB Canada 4/2/2020 Annual Management 1.4 Elect Director Robert A. Manning For ForCanadian Western Bank CWB Canada 4/2/2020 Annual Management 1.5 Elect Director E. Gay Mitchell For ForCanadian Western Bank CWB Canada 4/2/2020 Annual Management 1.6 Elect Director Sarah A. Morgan-Silvester For ForCanadian Western Bank CWB Canada 4/2/2020 Annual Management 1.7 Elect Director Margaret J. Mulligan For ForCanadian Western Bank CWB Canada 4/2/2020 Annual Management 1.8 Elect Director Robert L. Phillips For ForCanadian Western Bank CWB Canada 4/2/2020 Annual Management 1.9 Elect Director Raymond J. Protti For ForCanadian Western Bank CWB Canada 4/2/2020 Annual Management 1.10 Elect Director Ian M. Reid For ForCanadian Western Bank CWB Canada 4/2/2020 Annual Management 1.11 Elect Director H. Sanford Riley For ForCanadian Western Bank CWB Canada 4/2/2020 Annual Management 2 Ratify KPMG LLP as Auditors For ForCanadian Western Bank CWB Canada 4/2/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForThe Toronto-Dominion Bank TD Canada 4/2/2020 Annual Management 1.1 Elect Director Amy W. Brinkley For ForThe Toronto-Dominion Bank TD Canada 4/2/2020 Annual Management 1.2 Elect Director Brian C. Ferguson For For

Page 30: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

The Toronto-Dominion Bank TD Canada 4/2/2020 Annual Management 1.3 Elect Director Colleen A. Goggins For ForThe Toronto-Dominion Bank TD Canada 4/2/2020 Annual Management 1.4 Elect Director Jean-Rene Halde For ForThe Toronto-Dominion Bank TD Canada 4/2/2020 Annual Management 1.5 Elect Director David E. Kepler For ForThe Toronto-Dominion Bank TD Canada 4/2/2020 Annual Management 1.6 Elect Director Brian M. Levitt For ForThe Toronto-Dominion Bank TD Canada 4/2/2020 Annual Management 1.7 Elect Director Alan N. MacGibbon For ForThe Toronto-Dominion Bank TD Canada 4/2/2020 Annual Management 1.8 Elect Director Karen E. Maidment For ForThe Toronto-Dominion Bank TD Canada 4/2/2020 Annual Management 1.9 Elect Director Bharat B. Masrani For ForThe Toronto-Dominion Bank TD Canada 4/2/2020 Annual Management 1.10 Elect Director Irene R. Miller For ForThe Toronto-Dominion Bank TD Canada 4/2/2020 Annual Management 1.11 Elect Director Nadir H. Mohamed For ForThe Toronto-Dominion Bank TD Canada 4/2/2020 Annual Management 1.12 Elect Director Claude Mongeau For ForThe Toronto-Dominion Bank TD Canada 4/2/2020 Annual Management 1.13 Elect Director S. Jane Rowe For ForThe Toronto-Dominion Bank TD Canada 4/2/2020 Annual Management 2 Ratify Ernst & Young LLP as Auditors For ForThe Toronto-Dominion Bank TD Canada 4/2/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For For

The Toronto-Dominion Bank TD Canada 4/2/2020 Annual Shareholder 4SP A: Disclose Equity Ratio Used By the Compensation Committee In Determining Compensation Against Against

The Toronto-Dominion Bank TD Canada 4/2/2020 Annual Shareholder 5SP B: Set a Diversity Target of More than 40% for the Composition of its Board of Directors for the Next Five Years Against Against

The Toronto-Dominion Bank TD Canada 4/2/2020 Annual Shareholder 6

SP C: Request to Adopt Targets for Reducing Greenhouse Gas (GHG) Emissions Associated with the Company's Underwriting and Lending Activities Against Against

IQVIA Holdings Inc. IQV USA 4/6/2020 Annual Management 1.1 Elect Director Carol J. Burt For ForIQVIA Holdings Inc. IQV USA 4/6/2020 Annual Management 1.2 Elect Director Colleen A. Goggins For ForIQVIA Holdings Inc. IQV USA 4/6/2020 Annual Management 1.3 Elect Director Ronald A. Rittenmeyer For Withhold

IQVIA Holdings Inc. IQV USA 4/6/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For Against

IQVIA Holdings Inc. IQV USA 4/6/2020 Annual Management 3 Ratify PricewaterhouseCoopers LLP as Auditors For ForColliers International Group Inc. CIGI Canada 4/7/2020 Annual Management 1a Elect Director Peter F. Cohen For ForColliers International Group Inc. CIGI Canada 4/7/2020 Annual Management 1b Elect Director John (Jack) P. Curtin Jr For ForColliers International Group Inc. CIGI Canada 4/7/2020 Annual Management 1c Elect Director Christopher Galvin For ForColliers International Group Inc. CIGI Canada 4/7/2020 Annual Management 1d Elect Director P. Jane Gavan For ForColliers International Group Inc. CIGI Canada 4/7/2020 Annual Management 1e Elect Director Stephen J. Harper For ForColliers International Group Inc. CIGI Canada 4/7/2020 Annual Management 1f Elect Director Jay S. Hennick For ForColliers International Group Inc. CIGI Canada 4/7/2020 Annual Management 1g Elect Director Katherine M. Lee For ForColliers International Group Inc. CIGI Canada 4/7/2020 Annual Management 1h Elect Director Benjamin F. Stein For ForColliers International Group Inc. CIGI Canada 4/7/2020 Annual Management 1i Elect Director L. Frederick Sutherland For For

Colliers International Group Inc. CIGI Canada 4/7/2020 Annual Management 2Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Colliers International Group Inc. CIGI Canada 4/7/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForThe Bank of Nova Scotia BNS Canada 4/7/2020 Annual Management 1.1 Elect Director Nora A. Aufreiter For ForThe Bank of Nova Scotia BNS Canada 4/7/2020 Annual Management 1.2 Elect Director Guillermo E. Babatz For ForThe Bank of Nova Scotia BNS Canada 4/7/2020 Annual Management 1.3 Elect Director Scott B. Bonham For ForThe Bank of Nova Scotia BNS Canada 4/7/2020 Annual Management 1.4 Elect Director Charles H. Dallara For ForThe Bank of Nova Scotia BNS Canada 4/7/2020 Annual Management 1.5 Elect Director Tiff Macklem For For

Page 31: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

The Bank of Nova Scotia BNS Canada 4/7/2020 Annual Management 1.6 Elect Director Michael D. Penner For ForThe Bank of Nova Scotia BNS Canada 4/7/2020 Annual Management 1.7 Elect Director Brian J. Porter For ForThe Bank of Nova Scotia BNS Canada 4/7/2020 Annual Management 1.8 Elect Director Una M. Power For ForThe Bank of Nova Scotia BNS Canada 4/7/2020 Annual Management 1.9 Elect Director Aaron W. Regent For ForThe Bank of Nova Scotia BNS Canada 4/7/2020 Annual Management 1.10 Elect Director Indira V. Samarasekera For ForThe Bank of Nova Scotia BNS Canada 4/7/2020 Annual Management 1.11 Elect Director Susan L. Segal For ForThe Bank of Nova Scotia BNS Canada 4/7/2020 Annual Management 1.12 Elect Director L. Scott Thomson For ForThe Bank of Nova Scotia BNS Canada 4/7/2020 Annual Management 1.13 Elect Director Benita M. Warmbold For ForThe Bank of Nova Scotia BNS Canada 4/7/2020 Annual Management 2 Ratify KPMG LLP as Auditors For ForThe Bank of Nova Scotia BNS Canada 4/7/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For For

The Bank of Nova Scotia BNS Canada 4/7/2020 Annual Shareholder 4SP 1: Disclose the Compensation Ratio (Equity Ratio) Used by the Compensation Committee Against Against

The Bank of Nova Scotia BNS Canada 4/7/2020 Annual Shareholder 5SP 2: Upgrade Computer Systems to Increase Competitiveness while Ensuring Greater Protection of Personal Information Against Against

The Bank of Nova Scotia BNS Canada 4/7/2020 Annual Shareholder 6SP 3: Set a Diversity Target of More than 40% of the Board Members for the Next Five Years Against Against

The Bank of Nova Scotia BNS Canada 4/7/2020 Annual Shareholder 7 SP 4: Revise Human Rights Policies Against AgainstRoyal Bank of Canada RY Canada 4/8/2020 Annual Management 1.1 Elect Director Andrew A. Chisholm For ForRoyal Bank of Canada RY Canada 4/8/2020 Annual Management 1.2 Elect Director Jacynthe Cote For ForRoyal Bank of Canada RY Canada 4/8/2020 Annual Management 1.3 Elect Director Toos N. Daruvala For ForRoyal Bank of Canada RY Canada 4/8/2020 Annual Management 1.4 Elect Director David F. Denison For ForRoyal Bank of Canada RY Canada 4/8/2020 Annual Management 1.5 Elect Director Alice D. Laberge For ForRoyal Bank of Canada RY Canada 4/8/2020 Annual Management 1.6 Elect Director Michael H.McCain For ForRoyal Bank of Canada RY Canada 4/8/2020 Annual Management 1.7 Elect Director David McKay For ForRoyal Bank of Canada RY Canada 4/8/2020 Annual Management 1.8 Elect Director Heather Munroe-Blum For ForRoyal Bank of Canada RY Canada 4/8/2020 Annual Management 1.9 Elect Director Kathleen Taylor For ForRoyal Bank of Canada RY Canada 4/8/2020 Annual Management 1.10 Elect Director Maryann Turcke For ForRoyal Bank of Canada RY Canada 4/8/2020 Annual Management 1.11 Elect Director Bridget A. van Kralingen For ForRoyal Bank of Canada RY Canada 4/8/2020 Annual Management 1.12 Elect Director Thierry Vandal For ForRoyal Bank of Canada RY Canada 4/8/2020 Annual Management 1.13 Elect Director Frank Vettese For ForRoyal Bank of Canada RY Canada 4/8/2020 Annual Management 1.14 Elect Director Jeffery Yabuki For ForRoyal Bank of Canada RY Canada 4/8/2020 Annual Management 2 Ratify PricewaterhouseCoopers LLP as Auditors For ForRoyal Bank of Canada RY Canada 4/8/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For For

Royal Bank of Canada RY Canada 4/8/2020 Annual Shareholder 4SP 1: Update Computer Systems to Increase Competitiveness while Enhancing Privacy Protection Against Against

Royal Bank of Canada RY Canada 4/8/2020 Annual Shareholder 5SP 2: Adopt a Diversity Target Higher than 40% for the Composition of the Board of Directors for the Next Five Years Against Against

Ping An Insurance (Group) Company of China, Ltd. 2318 China 4/9/2020 Annual Management 1 Approve 2019 Report of the Board of Directors For ForPing An Insurance (Group) Company of China, Ltd. 2318 China 4/9/2020 Annual Management 2 Approve 2019 Report of the Supervisory Committee For ForPing An Insurance (Group) Company of China, Ltd. 2318 China 4/9/2020 Annual Management 3 Approve 2019 Annual Report and Its Summary For For

Ping An Insurance (Group) Company of China, Ltd. 2318 China 4/9/2020 Annual Management 4 Approve 2019 Financial Statements and Statutory Reports For For

Page 32: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Ping An Insurance (Group) Company of China, Ltd. 2318 China 4/9/2020 Annual Management 5Approve 2019 Profit Distribution Plan and Distribution of Final Dividends For For

Ping An Insurance (Group) Company of China, Ltd. 2318 China 4/9/2020 Annual Management 6

Approve PricewaterhouseCoopers Zhong Tian LLP as PRC Auditor and PricewaterhouseCoopers as International Auditor and Authorize Board to Fix Their Remuneration For For

Ping An Insurance (Group) Company of China, Ltd. 2318 China 4/9/2020 Annual Management 7Approve 2019 Performance Evaluation of Independent Non-Executive Directors For For

Ping An Insurance (Group) Company of China, Ltd. 2318 China 4/9/2020 Annual Management 8 Approve Issuance of Debt Financing Instruments For For

Ping An Insurance (Group) Company of China, Ltd. 2318 China 4/9/2020 Annual Management 9Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights for H Shares For Against

Ping An Insurance (Group) Company of China, Ltd. 2318 China 4/9/2020 Annual Management 10 Amend Articles of Association For ForPing An Insurance (Group) Company of China, Ltd. 2318 China 4/9/2020 Annual Shareholder 11 Elect Lu Min as Director For For

PT Bank Central Asia Tbk BBCA Indonesia 4/9/2020 Annual Management 1Approve Financial Statements, Statutory Reports, and Discharge of Directors and Commissioners For For

PT Bank Central Asia Tbk BBCA Indonesia 4/9/2020 Annual Management 2 Approve Allocation of Income and Dividends For ForPT Bank Central Asia Tbk BBCA Indonesia 4/9/2020 Annual Management 3 Approve Changes in Board of Directors For For

PT Bank Central Asia Tbk BBCA Indonesia 4/9/2020 Annual Management 4Approve Remuneration and Tantiem of Directors and Commissioners For For

PT Bank Central Asia Tbk BBCA Indonesia 4/9/2020 Annual Management 5 Approve Auditors For ForPT Bank Central Asia Tbk BBCA Indonesia 4/9/2020 Annual Management 6 Approve Payment of Interim Dividend For ForPT Bank Central Asia Tbk BBCA Indonesia 4/9/2020 Annual Management 7 Approve Updates in the Company's Recovery Plan For ForRichelieu Hardware Ltd. RCH Canada 4/9/2020 Annual Management 1.1 Elect Director Sylvie Vachon For ForRichelieu Hardware Ltd. RCH Canada 4/9/2020 Annual Management 1.2 Elect Director Lucie Chabot For ForRichelieu Hardware Ltd. RCH Canada 4/9/2020 Annual Management 1.3 Elect Director Robert Courteau For ForRichelieu Hardware Ltd. RCH Canada 4/9/2020 Annual Management 1.4 Elect Director Pierre Pomerleau For ForRichelieu Hardware Ltd. RCH Canada 4/9/2020 Annual Management 1.5 Elect Director Mathieu Gauvin For ForRichelieu Hardware Ltd. RCH Canada 4/9/2020 Annual Management 1.6 Elect Director Richard Lord For ForRichelieu Hardware Ltd. RCH Canada 4/9/2020 Annual Management 1.7 Elect Director Marc Poulin For ForRichelieu Hardware Ltd. RCH Canada 4/9/2020 Annual Management 1.8 Elect Director Luc Martin For For

Richelieu Hardware Ltd. RCH Canada 4/9/2020 Annual Management 2Approve Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Smith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForSmith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 2 Approve Remuneration Policy For ForSmith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 3 Approve Remuneration Report For ForSmith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 4 Approve Final Dividend For ForSmith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 5 Re-elect Graham Baker as Director For ForSmith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 6 Re-elect Vinita Bali as Director For ForSmith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 7 Re-elect Baroness Virginia Bottomley as Director For ForSmith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 8 Re-elect Roland Diggelmann as Director For ForSmith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 9 Re-elect Erik Engstrom as Director For ForSmith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 10 Re-elect Robin Freestone as Director For ForSmith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 11 Re-elect Marc Owen as Director For ForSmith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 12 Re-elect Angie Risley as Director For ForSmith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 13 Re-elect Roberto Quarta as Director For For

Page 33: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Smith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 14 Reappoint KPMG LLP as Auditors For ForSmith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 15 Authorise Board to Fix Remuneration of Auditors For ForSmith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 16 Approve Global Share Plan 2020 For ForSmith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 17 Authorise Issue of Equity For ForSmith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 18 Authorise Issue of Equity without Pre-emptive Rights For For

Smith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 19Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment For For

Smith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 20 Authorise Market Purchase of Ordinary Shares For For

Smith & Nephew Plc SN United Kingdom 4/9/2020 Annual Management 21Authorise the Company to Call General Meeting with Two Weeks' Notice For Against

M&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.1 Elect Director C. Angela Bontempo For ForM&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.2 Elect Director Robert T. Brady For ForM&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.3 Elect Director T. Jefferson Cunningham, III For ForM&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.4 Elect Director Gary N. Geisel For ForM&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.5 Elect Director Richard S. Gold For ForM&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.6 Elect Director Richard A. Grossi For ForM&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.7 Elect Director John D. Hawke, Jr. For ForM&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.8 Elect Director Rene F. Jones For ForM&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.9 Elect Director Richard H. Ledgett, Jr. For ForM&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.10 Elect Director Newton P.S. Merrill For ForM&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.11 Elect Director Kevin J. Pearson For ForM&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.12 Elect Director Melinda R. Rich For ForM&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.13 Elect Director Robert E. Sadler, Jr. For ForM&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.14 Elect Director Denis J. Salamone For WithholdM&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.15 Elect Director John R. Scannell For ForM&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.16 Elect Director David S. Scharfstein For ForM&T Bank Corporation MTB USA 4/21/2020 Annual Management 1.17 Elect Director Herbert L. Washington For For

M&T Bank Corporation MTB USA 4/21/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

M&T Bank Corporation MTB USA 4/21/2020 Annual Management 3 Ratify PricewaterhouseCoopers LLP as Auditors For ForSika AG SIKA Switzerland 4/21/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For For

Sika AG SIKA Switzerland 4/21/2020 Annual Management 2Approve Allocation of Income and Dividends of CHF 2.30 per Share For For

Sika AG SIKA Switzerland 4/21/2020 Annual Management 3 Approve Discharge of Board of Directors For ForSika AG SIKA Switzerland 4/21/2020 Annual Management 4.1.1 Reelect Paul Haelg as Director For ForSika AG SIKA Switzerland 4/21/2020 Annual Management 4.1.2 Reelect Frits van Dijk as Director For ForSika AG SIKA Switzerland 4/21/2020 Annual Management 4.1.3 Reelect Monika Ribar as Director For ForSika AG SIKA Switzerland 4/21/2020 Annual Management 4.1.4 Reelect Daniel Sauter as Director For ForSika AG SIKA Switzerland 4/21/2020 Annual Management 4.1.5 Reelect Christoph Tobler as Director For ForSika AG SIKA Switzerland 4/21/2020 Annual Management 4.1.6 Reelect Justin Howell as Director For ForSika AG SIKA Switzerland 4/21/2020 Annual Management 4.1.7 Reelect Thierry Vanlancker as Director For ForSika AG SIKA Switzerland 4/21/2020 Annual Management 4.1.8 Reelect Viktor Balli as Director For ForSika AG SIKA Switzerland 4/21/2020 Annual Management 4.2 Reelect Paul Haelg as Board Chairman For For

Page 34: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Sika AG SIKA Switzerland 4/21/2020 Annual Management 4.3.1Appoint Daniel Sauter as Member of the Nomination and Compensation Committee For For

Sika AG SIKA Switzerland 4/21/2020 Annual Management 4.3.2Appoint Justin Howell as Member of the Nomination and Compensation Committee For For

Sika AG SIKA Switzerland 4/21/2020 Annual Management 4.3.3Appoint Thierry Vanlancker as Member of the Nomination and Compensation Committee For For

Sika AG SIKA Switzerland 4/21/2020 Annual Management 4.4 Ratify Ernst & Young AG as Auditors For ForSika AG SIKA Switzerland 4/21/2020 Annual Management 4.5 Designate Jost Windlin as Independent Proxy For ForSika AG SIKA Switzerland 4/21/2020 Annual Management 5.1 Approve Remuneration Report (Non-Binding) For For

Sika AG SIKA Switzerland 4/21/2020 Annual Management 5.2Approve Remuneration of Directors in the Amount of CHF 3.3 Million For For

Sika AG SIKA Switzerland 4/21/2020 Annual Management 5.3Approve Remuneration of Executive Committee in the Amount of CHF 19.5 Million for Fiscal 2021 For For

Sika AG SIKA Switzerland 4/21/2020 Annual Management 6 Transact Other Business (Voting) For AgainstU.S. Bancorp USB USA 4/21/2020 Annual Management 1a Elect Director Warner L. Baxter For ForU.S. Bancorp USB USA 4/21/2020 Annual Management 1b Elect Director Dorothy J. Bridges For ForU.S. Bancorp USB USA 4/21/2020 Annual Management 1c Elect Director Elizabeth L. Buse For ForU.S. Bancorp USB USA 4/21/2020 Annual Management 1d Elect Director Marc N. Casper For ForU.S. Bancorp USB USA 4/21/2020 Annual Management 1e Elect Director Andrew Cecere For ForU.S. Bancorp USB USA 4/21/2020 Annual Management 1f Elect Director Kimberly J. Harris For ForU.S. Bancorp USB USA 4/21/2020 Annual Management 1g Elect Director Roland A. Hernandez For ForU.S. Bancorp USB USA 4/21/2020 Annual Management 1h Elect Director Olivia F. Kirtley For ForU.S. Bancorp USB USA 4/21/2020 Annual Management 1i Elect Director Karen S. Lynch For ForU.S. Bancorp USB USA 4/21/2020 Annual Management 1j Elect Director Richard P. McKenney For ForU.S. Bancorp USB USA 4/21/2020 Annual Management 1k Elect Director Yusuf I. Mehdi For ForU.S. Bancorp USB USA 4/21/2020 Annual Management 1l Elect Director John P. Wiehoff For ForU.S. Bancorp USB USA 4/21/2020 Annual Management 1m Elect Director Scott W. Wine For ForU.S. Bancorp USB USA 4/21/2020 Annual Management 2 Ratify Ernst & Young LLP as Auditors For For

U.S. Bancorp USB USA 4/21/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 1 Open Meeting

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 2Discuss the Company's Business, Financial Situation and Sustainability

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 3a Approve Remuneration Report For ForASML Holding NV ASML Netherlands 4/22/2020 Annual Management 3b Adopt Financial Statements and Statutory Reports For For

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 3cReceive Clarification on Company's Reserves and Dividend Policy

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 3d Approve Dividends of EUR 2.40 Per Share For ForASML Holding NV ASML Netherlands 4/22/2020 Annual Management 4a Approve Discharge of Management Board For ForASML Holding NV ASML Netherlands 4/22/2020 Annual Management 4b Approve Discharge of Supervisory Board For ForASML Holding NV ASML Netherlands 4/22/2020 Annual Management 5 Approve Number of Shares for Management Board For For

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 6Approve Certain Adjustments to the Remuneration Policy for Management Board For For

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 7 Approve Remuneration Policy for Supervisory Board For ForASML Holding NV ASML Netherlands 4/22/2020 Annual Management 8a Announce Vacancies on the Supervisory Board

Page 35: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 8b Opportunity to Make Recommendations

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 8cAnnounce Intention to Reappoint A.P. Aris and Appoint D.W.A. East and D.M. Durcan to Supervisory Board

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 8d Reelect A.P. (Annet) Aris to Supervisory Board For ForASML Holding NV ASML Netherlands 4/22/2020 Annual Management 8e Elect D.M. (Mark) Durcan to Supervisory Board For ForASML Holding NV ASML Netherlands 4/22/2020 Annual Management 8f Elect D.W.A. (Warren) East to Supervisory Board For For

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 8gReceive Information on the Composition of the Supervisory Board

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 9 Ratify KPMG as Auditors For For

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 10aGrant Board Authority to Issue Shares Up to 5 Percent of Issued Capital for General Purposes For For

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 10bAuthorize Board to Exclude Preemptive Rights from Share Issuances under Item 10a For For

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 10bAuthorize Board to Exclude Preemptive Rights from Share Issuances under Item 10.a For For

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 10c

Grant Board Authority to Issue or Grant Rights to Subscribe for Ordinary Shares Up to 5 Percent in Case of Merger or Acquisition For For

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 10dAuthorize Board to Exclude Preemptive Rights from Share Issuances under Item 10c For For

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 10dAuthorize Board to Exclude Preemptive Rights from Share Issuances under Item 10.c For For

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 11aAuthorize Repurchase of Up to 10 Percent of Issued Share Capital For For

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 11bAuthorize Additional Repurchase of Up to 10 Percent of Issued Share Capital For For

ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 12 Authorize Cancellation of Repurchased Shares For ForASML Holding NV ASML Netherlands 4/22/2020 Annual Management 13 Other Business (Non-Voting) ASML Holding NV ASML Netherlands 4/22/2020 Annual Management 14 Close Meeting The Coca-Cola Company KO USA 4/22/2020 Annual Management 1.1 Elect Director Herbert A. Allen For ForThe Coca-Cola Company KO USA 4/22/2020 Annual Management 1.2 Elect Director Marc Bolland For ForThe Coca-Cola Company KO USA 4/22/2020 Annual Management 1.3 Elect Director Ana Botin For ForThe Coca-Cola Company KO USA 4/22/2020 Annual Management 1.4 Elect Director Christopher C. Davis For ForThe Coca-Cola Company KO USA 4/22/2020 Annual Management 1.5 Elect Director Barry Diller For ForThe Coca-Cola Company KO USA 4/22/2020 Annual Management 1.6 Elect Director Helene D. Gayle For ForThe Coca-Cola Company KO USA 4/22/2020 Annual Management 1.7 Elect Director Alexis M. Herman For ForThe Coca-Cola Company KO USA 4/22/2020 Annual Management 1.8 Elect Director Robert A. Kotick For ForThe Coca-Cola Company KO USA 4/22/2020 Annual Management 1.9 Elect Director Maria Elena Lagomasino For ForThe Coca-Cola Company KO USA 4/22/2020 Annual Management 1.10 Elect Director James Quincey For ForThe Coca-Cola Company KO USA 4/22/2020 Annual Management 1.11 Elect Director Caroline J. Tsay For ForThe Coca-Cola Company KO USA 4/22/2020 Annual Management 1.12 Elect Director David B. Weinberg For For

The Coca-Cola Company KO USA 4/22/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

The Coca-Cola Company KO USA 4/22/2020 Annual Management 3 Ratify Ernst & Young LLP as Auditor For For

Page 36: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

The Coca-Cola Company KO USA 4/22/2020 Annual Shareholder 4Report on the Health Impacts and Risks of Sugar in the Company's Products Against Against

Interactive Brokers Group, Inc. IBKR USA 4/23/2020 Annual Management 1A Elect Director Thomas Peterffy For ForInteractive Brokers Group, Inc. IBKR USA 4/23/2020 Annual Management 1B Elect Director Earl H. Nemser For ForInteractive Brokers Group, Inc. IBKR USA 4/23/2020 Annual Management 1C Elect Director Milan Galik For ForInteractive Brokers Group, Inc. IBKR USA 4/23/2020 Annual Management 1D Elect Director Paul J. Brody For ForInteractive Brokers Group, Inc. IBKR USA 4/23/2020 Annual Management 1E Elect Director Lawrence E. Harris For ForInteractive Brokers Group, Inc. IBKR USA 4/23/2020 Annual Management 1F Elect Director Gary Katz For ForInteractive Brokers Group, Inc. IBKR USA 4/23/2020 Annual Management 1G Elect Director John M. Damgard For ForInteractive Brokers Group, Inc. IBKR USA 4/23/2020 Annual Management 1H Elect Director Philip Uhde For ForInteractive Brokers Group, Inc. IBKR USA 4/23/2020 Annual Management 1I Elect Director William Peterffy For AgainstInteractive Brokers Group, Inc. IBKR USA 4/23/2020 Annual Management 2 Ratify Deloitte & Touche LLP as Auditors For ForJohnson & Johnson JNJ USA 4/23/2020 Annual Management 1a Elect Director Mary C. Beckerle For ForJohnson & Johnson JNJ USA 4/23/2020 Annual Management 1b Elect Director D. Scott Davis For AgainstJohnson & Johnson JNJ USA 4/23/2020 Annual Management 1c Elect Director Ian E. L. Davis For ForJohnson & Johnson JNJ USA 4/23/2020 Annual Management 1d Elect Director Jennifer A. Doudna For ForJohnson & Johnson JNJ USA 4/23/2020 Annual Management 1e Elect Director Alex Gorsky For ForJohnson & Johnson JNJ USA 4/23/2020 Annual Management 1f Elect Director Marillyn A. Hewson For AgainstJohnson & Johnson JNJ USA 4/23/2020 Annual Management 1g Elect Director Hubert Joly For ForJohnson & Johnson JNJ USA 4/23/2020 Annual Management 1h Elect Director Mark B. McClellan For ForJohnson & Johnson JNJ USA 4/23/2020 Annual Management 1i Elect Director Anne M. Mulcahy For ForJohnson & Johnson JNJ USA 4/23/2020 Annual Management 1j Elect Director Charles Prince For ForJohnson & Johnson JNJ USA 4/23/2020 Annual Management 1k Elect Director A. Eugene Washington For AgainstJohnson & Johnson JNJ USA 4/23/2020 Annual Management 1l Elect Director Mark A. Weinberger For ForJohnson & Johnson JNJ USA 4/23/2020 Annual Management 1m Elect Director Ronald A. Williams For Against

Johnson & Johnson JNJ USA 4/23/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Johnson & Johnson JNJ USA 4/23/2020 Annual Management 3 Ratify PricewaterhouseCoopers LLP as Auditors For For

Johnson & Johnson JNJ USA 4/23/2020 Annual Management 4Amend Certificate of Incorporation to Permit Removal of Directors With or Without Cause For For

Johnson & Johnson JNJ USA 4/23/2020 Annual Shareholder 5 Require Independent Board Chair Against For

Johnson & Johnson JNJ USA 4/23/2020 Annual Shareholder 6Report on Governance Measures Implemented Related to Opioids Against For

Megacable Holdings SAB de CV MEGACPO Mexico 4/23/2020 Annual Management 1 Approve CEO's Report For ForMegacable Holdings SAB de CV MEGACPO Mexico 4/23/2020 Annual Management 2 Receive Directors' Opinions on CEO's Report For ForMegacable Holdings SAB de CV MEGACPO Mexico 4/23/2020 Annual Management 3 Approve Board of Directors' Report For For

Megacable Holdings SAB de CV MEGACPO Mexico 4/23/2020 Annual Management 4Approve Reports of Corporate Practices and Audit Committees Chairmen For For

Megacable Holdings SAB de CV MEGACPO Mexico 4/23/2020 Annual Management 5 Approve Allocation of Income For ForMegacable Holdings SAB de CV MEGACPO Mexico 4/23/2020 Annual Management 6 Approve Repurchase Transactions of CPOs For ForMegacable Holdings SAB de CV MEGACPO Mexico 4/23/2020 Annual Management 7 Set Maximum Amount of Share Repurchase Reserve For For

Megacable Holdings SAB de CV MEGACPO Mexico 4/23/2020 Annual Management 8Elect or Ratify Directors, Secretary and their Respective Alternates For Against

Megacable Holdings SAB de CV MEGACPO Mexico 4/23/2020 Annual Management 9Classification of Principal and Alternate Board Members' Independence For Against

Page 37: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Megacable Holdings SAB de CV MEGACPO Mexico 4/23/2020 Annual Management 10Elect or Ratify Chairman of Audit Committee and Corporate Practices Committee For Against

Megacable Holdings SAB de CV MEGACPO Mexico 4/23/2020 Annual Management 11Approve Remuneration of Directors, Secretary, and Members of Audit and Corporate Practices Committees For For

Megacable Holdings SAB de CV MEGACPO Mexico 4/23/2020 Annual Management 12 Authorize Board to Ratify and Execute Approved Resolutions For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 1.1 Accept Financial Statements and Statutory Reports For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 1.2 Approve Remuneration Report For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 2 Approve Discharge of Board and Senior Management For For

Nestle SA NESN Switzerland 4/23/2020 Annual Management 3Approve Allocation of Income and Dividends of CHF 2.70 per Share For For

Nestle SA NESN Switzerland 4/23/2020 Annual Management 4.1.a Reelect Paul Bulcke as Director and Board Chairman For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 4.1.b Reelect Ulf Schneider as Director For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 4.1.c Reelect Henri de Castries as Director For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 4.1.d Reelect Renato Fassbind as Director For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 4.1.e Reelect Ann Veneman as Director For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 4.1.f Reelect Eva Cheng as Director For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 4.1.g Reelect Patrick Aebischer as Director For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 4.1.h Reelect Ursula Burns as Director For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 4.1.i Reelect Kasper Rorsted as Director For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 4.1.j Reelect Pablo Isla as Director For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 4.1.k Reelect Kimberly Ross as Director For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 4.1.l Reelect Dick Boer as Director For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 4.1.m Reelect Dinesh Paliwal as Director For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 4.2 Elect Hanne Jimenez de Mora as Director For For

Nestle SA NESN Switzerland 4/23/2020 Annual Management 4.3.1Appoint Patrick Aebischer as Member of the Compensation Committee For For

Nestle SA NESN Switzerland 4/23/2020 Annual Management 4.3.2Appoint Ursula Burns as Member of the Compensation Committee For For

Nestle SA NESN Switzerland 4/23/2020 Annual Management 4.3.3 Appoint Pablo Isla as Member of the Compensation Committee For For

Nestle SA NESN Switzerland 4/23/2020 Annual Management 4.3.4 Appoint Dick Boer as Member of the Compensation Committee For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 4.4 Ratify Ernst & Young AG as Auditors For ForNestle SA NESN Switzerland 4/23/2020 Annual Management 4.5 Designate Hartmann Dreyer as Independent Proxy For For

Nestle SA NESN Switzerland 4/23/2020 Annual Management 5.1Approve Remuneration of Directors in the Amount of CHF 10 Million For For

Nestle SA NESN Switzerland 4/23/2020 Annual Management 5.2Approve Remuneration of Executive Committee in the Amount of CHF 55 Million For For

Nestle SA NESN Switzerland 4/23/2020 Annual Management 6Approve CHF 9.5 Million Reduction in Share Capital via Cancellation of Repurchased Shares For For

Nestle SA NESN Switzerland 4/23/2020 Annual Management 7 Transact Other Business (Voting) Against AgainstPfizer Inc. PFE USA 4/23/2020 Annual Management 1.1 Elect Director Ronald E. Blaylock For ForPfizer Inc. PFE USA 4/23/2020 Annual Management 1.2 Elect Director Albert Bourla For For

Page 38: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Pfizer Inc. PFE USA 4/23/2020 Annual Management 1.3 Elect Director W. Don Cornwell For ForPfizer Inc. PFE USA 4/23/2020 Annual Management 1.4 Elect Director Joseph J. Echevarria For ForPfizer Inc. PFE USA 4/23/2020 Annual Management 1.5 Elect Director Scott Gottlieb For ForPfizer Inc. PFE USA 4/23/2020 Annual Management 1.6 Elect Director Helen H. Hobbs For ForPfizer Inc. PFE USA 4/23/2020 Annual Management 1.7 Elect Director Susan Hockfield For ForPfizer Inc. PFE USA 4/23/2020 Annual Management 1.8 Elect Director James M. Kilts For ForPfizer Inc. PFE USA 4/23/2020 Annual Management 1.9 Elect Director Dan R. Littman For ForPfizer Inc. PFE USA 4/23/2020 Annual Management 1.10 Elect Director Shantanu Narayen For ForPfizer Inc. PFE USA 4/23/2020 Annual Management 1.11 Elect Director Suzanne Nora Johnson For ForPfizer Inc. PFE USA 4/23/2020 Annual Management 1.12 Elect Director James Quincey For ForPfizer Inc. PFE USA 4/23/2020 Annual Management 1.13 Elect Director James C. Smith For ForPfizer Inc. PFE USA 4/23/2020 Annual Management 2 Ratify KPMG LLP as Auditor For For

Pfizer Inc. PFE USA 4/23/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

Pfizer Inc. PFE USA 4/23/2020 Annual Shareholder 4 Provide Right to Act by Written Consent Against AgainstPfizer Inc. PFE USA 4/23/2020 Annual Shareholder 5 Amend Proxy Access Right Against AgainstPfizer Inc. PFE USA 4/23/2020 Annual Shareholder 6 Report on Lobbying Payments and Policy Against AgainstPfizer Inc. PFE USA 4/23/2020 Annual Shareholder 7 Require Independent Board Chair Against ForPfizer Inc. PFE USA 4/23/2020 Annual Shareholder 8 Report on Gender Pay Gap Against ForPfizer Inc. PFE USA 4/23/2020 Annual Management 9 Elect Director Susan Desmond-Hellmann For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 2 Approve Remuneration Policy For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 3 Approve Remuneration Report For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 4 Approve Final Dividend For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 5 Reappoint Ernst & Young LLP as Auditors For For

RELX Plc REL United Kingdom 4/23/2020 Annual Management 6 Authorise the Audit Committee to Fix Remuneration of Auditors For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 7 Elect Charlotte Hogg as Director For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 8 Re-elect Erik Engstrom as Director For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 9 Re-elect Sir Anthony Habgood as Director For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 10 Re-elect Wolfhart Hauser as Director For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 11 Re-elect Marike van Lier Lels as Director For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 12 Re-elect Nick Luff as Director For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 13 Re-elect Robert MacLeod as Director For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 14 Re-elect Linda Sanford as Director For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 15 Re-elect Andrew Sukawaty as Director For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 16 Re-elect Suzanne Wood as Director For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 17 Authorise Issue of Equity For ForRELX Plc REL United Kingdom 4/23/2020 Annual Management 18 Authorise Issue of Equity without Pre-emptive Rights For For

RELX Plc REL United Kingdom 4/23/2020 Annual Management 19Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment For For

RELX Plc REL United Kingdom 4/23/2020 Annual Management 20 Authorise Market Purchase of Ordinary Shares For For

RELX Plc REL United Kingdom 4/23/2020 Annual Management 21Authorise the Company to Call General Meeting with Two Weeks' Notice For For

Page 39: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Schneider Electric SE SU France 4/23/2020 Annual/Special Management 1 Approve Financial Statements and Statutory Reports For For

Schneider Electric SE SU France 4/23/2020 Annual/Special Management 2Approve Consolidated Financial Statements and Statutory Reports For For

Schneider Electric SE SU France 4/23/2020 Annual/Special Management 3Approve Allocation of Income and Dividends of EUR 2.55 per Share For For

Schneider Electric SE SU France 4/23/2020 Annual/Special Management 4 Approve Auditors' Special Report on Related-Party Transactions For For

Schneider Electric SE SU France 4/23/2020 Annual/Special Management 5 Approve Termination Package of Emmanuel Babeau, Vice-CEO For ForSchneider Electric SE SU France 4/23/2020 Annual/Special Management 6 Approve Compensation Report For For

Schneider Electric SE SU France 4/23/2020 Annual/Special Management 7Approve Compensation of Jean-Pascal Tricoire, Chairman and CEO For For

Schneider Electric SE SU France 4/23/2020 Annual/Special Management 8 Approve Compensation of Emmanuel Babeau, Vice-CEO For ForSchneider Electric SE SU France 4/23/2020 Annual/Special Management 9 Approve Remuneration Policy of Chairman and CEO For For

Schneider Electric SE SU France 4/23/2020 Annual/Special Management 10 Approve Remuneration Policy of Emmanuel Babeau, Vice-CEO For ForSchneider Electric SE SU France 4/23/2020 Annual/Special Management 11 Approve Remuneration Policy of Board Members For ForSchneider Electric SE SU France 4/23/2020 Annual/Special Management 12 Reelect Leo Apotheker as Director For ForSchneider Electric SE SU France 4/23/2020 Annual/Special Management 13 Reelect Cecile Cabanis as Director For ForSchneider Electric SE SU France 4/23/2020 Annual/Special Management 14 Reelect Fred Kindle as Director For ForSchneider Electric SE SU France 4/23/2020 Annual/Special Management 15 Reelect Willy Kissling as Director For ForSchneider Electric SE SU France 4/23/2020 Annual/Special Management 16 Elect Jill Lee as Director For For

Schneider Electric SE SU France 4/23/2020 Annual/Special Management 17Authorize Repurchase of Up to 10 Percent of Issued Share Capital For For

Schneider Electric SE SU France 4/23/2020 Annual/Special Management 18Amend Article 11 of Bylaws to Comply with New Regulation Re: Employee Representatives For For

Schneider Electric SE SU France 4/23/2020 Annual/Special Management 19Amend Articles 13 and 16 of Bylaws to Comply with New Regulation For For

Schneider Electric SE SU France 4/23/2020 Annual/Special Management 20Authorize Capital Issuances for Use in Employee Stock Purchase Plans For For

Schneider Electric SE SU France 4/23/2020 Annual/Special Management 21

Authorize Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of International Subsidiaries For For

Schneider Electric SE SU France 4/23/2020 Annual/Special Management 22 Authorize Filing of Required Documents/Other Formalities For ForAbbott Laboratories ABT USA 4/24/2020 Annual Management 1.1 Elect Director Robert J. Alpern For ForAbbott Laboratories ABT USA 4/24/2020 Annual Management 1.2 Elect Director Roxanne S. Austin For ForAbbott Laboratories ABT USA 4/24/2020 Annual Management 1.3 Elect Director Sally E. Blount For ForAbbott Laboratories ABT USA 4/24/2020 Annual Management 1.4 Elect Director Robert B. Ford For ForAbbott Laboratories ABT USA 4/24/2020 Annual Management 1.5 Elect Director Michelle A. Kumbier For ForAbbott Laboratories ABT USA 4/24/2020 Annual Management 1.6 Elect Director Edward M. Liddy For ForAbbott Laboratories ABT USA 4/24/2020 Annual Management 1.7 Elect Director Darren W. McDew For ForAbbott Laboratories ABT USA 4/24/2020 Annual Management 1.8 Elect Director Nancy McKinstry For ForAbbott Laboratories ABT USA 4/24/2020 Annual Management 1.9 Elect Director Phebe N. Novakovic For For

Page 40: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Abbott Laboratories ABT USA 4/24/2020 Annual Management 1.10 Elect Director William A. Osborn For ForAbbott Laboratories ABT USA 4/24/2020 Annual Management 1.11 Elect Director Daniel J. Starks For ForAbbott Laboratories ABT USA 4/24/2020 Annual Management 1.12 Elect Director John G. Stratton For ForAbbott Laboratories ABT USA 4/24/2020 Annual Management 1.13 Elect Director Glenn F. Tilton For ForAbbott Laboratories ABT USA 4/24/2020 Annual Management 1.14 Elect Director Miles D. White For ForAbbott Laboratories ABT USA 4/24/2020 Annual Management 2 Ratify Ernst & Young LLP as Auditors For For

Abbott Laboratories ABT USA 4/24/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

Abbott Laboratories ABT USA 4/24/2020 Annual Shareholder 4 Report on Lobbying Payments and Policy Against AgainstAbbott Laboratories ABT USA 4/24/2020 Annual Shareholder 5 Increase Disclosure of Compensation Adjustments Against For

Abbott Laboratories ABT USA 4/24/2020 Annual Shareholder 6Require Shareholder Approval of Bylaw Amendments Adopted by the Board of Directors Against Against

Abbott Laboratories ABT USA 4/24/2020 Annual Shareholder 7 Adopt Simple Majority Vote Against For

Ambev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 1Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2019 For For

Ambev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 2 Approve Allocation of Income and Dividends For ForAmbev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 3 Fix Number of Directors at 11 For ForAmbev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 4a Elect Directors For Against

Ambev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 4bIn Case There is Any Change to the Board Slate Composition, May Your Votes Still be Counted for the Proposed Slate? None Against

Ambev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 4cIn Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? None Against

Ambev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 5a.i Elect Fiscal Council Members For Abstain

Ambev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 5a.ii

In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Under Articles 161 and 240 of the Brazilian Corporate Law, May Your Votes Still Be Counted for the Proposed Slate? None Against

Ambev SA ABEV3 Brazil 4/24/2020 Annual/Special Shareholder 5b

Elect Vinicius Balbino Bouhid as Fiscal Council Member and Carlos Tersandro Fonseca Adeodato as Alternate Appointed by Minority Shareholder None For

Ambev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 6 Approve Remuneration of Company's Management For AgainstAmbev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 7 Approve Remuneration of Fiscal Council Members For ForAmbev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 1 Amend Article 5 to Reflect Changes in Capital For ForAmbev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 2 Amend Article 8 For ForAmbev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 3 Amend Articles 11, 15, 16, 17, 18 and 19 For ForAmbev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 4 Amend Article 21 For ForAmbev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 5 Amend Articles 22 to 34 For ForAmbev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 6 Consolidate Bylaws For ForAmbev SA ABEV3 Brazil 4/24/2020 Annual/Special Management 7 Amend Restricted Stock Plan For Against

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 1.aApprove CEO's Report on Financial Statements and Statutory Reports For For

Page 41: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 1.bApprove Board's Report on Policies and Accounting Information and Criteria Followed in Preparation of Financial Information For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 1.cApprove Board's Report on Operations and Activities Undertaken by Board For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 1.dApprove Report on Activities of Audit and Corporate Practices Committee For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 1.e

Approve All Operations Carried out by Company and Ratify Actions Carried out by Board, CEO and Audit and Corporate Practices Committee For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 2 Approve Allocation of Income For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 3 Receive Auditor's Report on Tax Position of Company Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a1 Elect Carlos Hank Gonzalez as Board Chairman For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a2 Elect Juan Antonio Gonzalez Moreno as Director For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a3 Elect David Juan Villarreal Montemayor as Director For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a4 Elect Jose Marcos Ramirez Miguel as Director For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a5 Elect Carlos de la Isla Corry as Director For AgainstGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a6 Elect Everardo Elizondo Almaguer as Director For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a7 Elect Carmen Patricia Armendariz Guerra as Director For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a8 Elect Hector Federico Reyes Retana y Dahl as Director For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a9 Elect Alfredo Elias Ayub as Director For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a10 Elect Adrian Sada Cueva as Director For AgainstGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a11 Elect David Penaloza Alanis as Director For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a12 Elect Jose Antonio Chedraui Eguia as Director For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a13 Elect Alfonso de Angoitia Noriega as Director For AgainstGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a14 Elect Thomas Stanley Heather Rodriguez as Director For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a15 Elect Graciela Gonzalez Moreno as Alternate Director For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a16 Elect Juan Antonio Gonzalez Marcos as Alternate Director For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a17 Elect Alberto Halabe Hamui as Alternate Director For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a18 Elect Gerardo Salazar Viezca as Alternate Director For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a19 Elect Alberto Perez-Jacome Friscione as Alternate Director For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a20 Elect Diego Martinez Rueda-Chapital as Alternate Director For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a21 Elect Roberto Kelleher Vales as Alternate Director For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a22Elect Clemente Ismael Reyes Retana Valdes as Alternate Director For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a23 Elect Isaac Becker Kabacnik as Alternate Director For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a24 Elect Jose Maria Garza Trevino as Alternate Director For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a25 Elect Carlos Cesarman Kolteniuk as Alternate Director For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a26 Elect Humberto Tafolla Nunez as Alternate Director For For

Page 42: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a27 Elect Guadalupe Phillips Margain as Alternate Director For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.a28 Elect Ricardo Maldonado Yanez as Alternate Director For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.b Elect Hector Avila Flores (Non-Member) as Board Secretary For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 4.c Approve Directors Liability and Indemnification For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 5 Approve Remuneration of Directors For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 6Elect Hector Federico Reyes Retana y Dahl as Chairman of Audit and Corporate Practices Committee For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 7.1 Approve Report on Share Repurchase For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 7.2 Set Aggregate Nominal Amount of Share Repurchase Reserve For ForGrupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 8 Approve Certification of the Company's Bylaws For For

Grupo Financiero Banorte SAB de CV GFNORTEO Mexico 4/24/2020 Annual Management 9 Authorize Board to Ratify and Execute Approved Resolutions For ForHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 2 Approve Remuneration Report For ForHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 3a Elect Noel Quinn as Director For ForHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 3b Re-elect Laura Cha as Director For ForHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 3c Re-elect Henri de Castries as Director For ForHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 3d Re-elect Irene Lee as Director For ForHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 3e Re-elect Jose Antonio Meade Kuribrena as Director For ForHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 3f Re-elect Heidi Miller as Director For ForHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 3g Re-elect David Nish as Director For ForHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 3h Re-elect Ewen Stevenson as Director For ForHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 3i Re-elect Jackson Tai as Director For ForHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 3j Re-elect Mark Tucker as Director For AgainstHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 3k Re-elect Pauline van der Meer Mohr as Director For ForHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 4 Reappoint PricewaterhouseCoopers LLP as Auditors For For

HSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 5Authorise the Group Audit Committee to Fix Remuneration of Auditors For For

HSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 6 Authorise EU Political Donations and Expenditure For ForHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 7 Authorise Issue of Equity For AgainstHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 8 Authorise Issue of Equity without Pre-emptive Rights For For

HSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 9Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment For For

HSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 10 Authorise Directors to Allot Any Repurchased Shares For ForHSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 11 Authorise Market Purchase of Ordinary Shares For For

HSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 12Authorise Issue of Equity in Relation to Contingent Convertible Securities For For

HSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 13Authorise Issue of Equity without Pre-emptive Rights in Relation to Contingent Convertible Securities For For

HSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 14 Amend Share Plan 2011 For For

Page 43: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

HSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 15 Amend Savings-Related Share Option Plan (UK) For For

HSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 16Amend UK Share Incentive Plan and International Employee Share Purchase Plan For For

HSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Management 17Authorise the Company to Call General Meeting with Two Weeks' Notice For For

HSBC Holdings Plc HSBA United Kingdom 4/24/2020 Annual Shareholder 18Remove the "State Deduction" Feature of the Post 1974 Midland Bank Defined Benefit Pension Scheme Against Against

Bayer AG BAYN Germany 4/28/2020 Annual Management 1

Receive Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of EUR 2.80 per Share for Fiscal 2019 For For

Bayer AG BAYN Germany 4/28/2020 Annual Management 2 Approve Discharge of Management Board for Fiscal 2019 For For

Bayer AG BAYN Germany 4/28/2020 Annual Management 3 Approve Discharge of Supervisory Board for Fiscal 2019 For ForBayer AG BAYN Germany 4/28/2020 Annual Management 4A Elect Ertharin Cousin to the Supervisory Board For ForBayer AG BAYN Germany 4/28/2020 Annual Management 4B Elect Otmar Wiestler to the Supervisory Board For ForBayer AG BAYN Germany 4/28/2020 Annual Management 4C Elect Horst Baier to the Supervisory Board For For

Bayer AG BAYN Germany 4/28/2020 Annual Management 5 Approve Remuneration Policy for the Management Board For For

Bayer AG BAYN Germany 4/28/2020 Annual Management 6 Approve Remuneration Policy for the Supervisory Board For ForBayer AG BAYN Germany 4/28/2020 Annual Management 7 Amend Articles Re: Supervisory Board Term of Office For ForBayer AG BAYN Germany 4/28/2020 Annual Management 8 Ratify Deloitte GmbH as Auditors for Fiscal 2020 For ForCanadian National Railway Company CNR Canada 4/28/2020 Annual Management 1.1 Elect Director Shauneen Bruder For ForCanadian National Railway Company CNR Canada 4/28/2020 Annual Management 1.2 Elect Director Donald J. Carty For ForCanadian National Railway Company CNR Canada 4/28/2020 Annual Management 1.3 Elect Director Gordon D. Giffin For ForCanadian National Railway Company CNR Canada 4/28/2020 Annual Management 1.4 Elect Director Julie Godin For ForCanadian National Railway Company CNR Canada 4/28/2020 Annual Management 1.5 Elect Director Edith E. Holiday For ForCanadian National Railway Company CNR Canada 4/28/2020 Annual Management 1.6 Elect Director V. Maureen Kempston Darkes For ForCanadian National Railway Company CNR Canada 4/28/2020 Annual Management 1.7 Elect Director Denis Losier For ForCanadian National Railway Company CNR Canada 4/28/2020 Annual Management 1.8 Elect Director Kevin G. Lynch For WithholdCanadian National Railway Company CNR Canada 4/28/2020 Annual Management 1.9 Elect Director James E. O'Connor For ForCanadian National Railway Company CNR Canada 4/28/2020 Annual Management 1.10 Elect Director Robert Pace For ForCanadian National Railway Company CNR Canada 4/28/2020 Annual Management 1.11 Elect Director Robert L. Phillips For ForCanadian National Railway Company CNR Canada 4/28/2020 Annual Management 1.12 Elect Director Jean-Jacques Ruest For ForCanadian National Railway Company CNR Canada 4/28/2020 Annual Management 1.13 Elect Director Laura Stein For ForCanadian National Railway Company CNR Canada 4/28/2020 Annual Management 2 Ratify KPMG LLP as Auditors For ForCanadian National Railway Company CNR Canada 4/28/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForING Groep NV INGA Netherlands 4/28/2020 Annual Management 1 Open Meeting ING Groep NV INGA Netherlands 4/28/2020 Annual Management 2A Receive Report of Management Board (Non-Voting) ING Groep NV INGA Netherlands 4/28/2020 Annual Management 2B Receive Announcements on Sustainability ING Groep NV INGA Netherlands 4/28/2020 Annual Management 2C Receive Report of Supervisory Board (Non-Voting) ING Groep NV INGA Netherlands 4/28/2020 Annual Management 2D Approve Remuneration Report For ForING Groep NV INGA Netherlands 4/28/2020 Annual Management 2E Adopt Financial Statements and Statutory Reports For For

Page 44: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

ING Groep NV INGA Netherlands 4/28/2020 Annual Management 3A Receive Explanation on Profit Retention and Distribution Policy ING Groep NV INGA Netherlands 4/28/2020 Annual Management 3B Approve Dividends of EUR 0.69 Per Share ING Groep NV INGA Netherlands 4/28/2020 Annual Management 4A Approve Discharge of Management Board For ForING Groep NV INGA Netherlands 4/28/2020 Annual Management 4B Approve Discharge of Supervisory Board For For

ING Groep NV INGA Netherlands 4/28/2020 Annual Management 5 Approve Remuneration Policy for Management Board For ForING Groep NV INGA Netherlands 4/28/2020 Annual Management 6 Approve Remuneration Policy for Supervisory Board For ForING Groep NV INGA Netherlands 4/28/2020 Annual Management 7 Amend Articles of Association For ForING Groep NV INGA Netherlands 4/28/2020 Annual Management 8A Elect Juan Colombas to Supervisory Board For ForING Groep NV INGA Netherlands 4/28/2020 Annual Management 8B Elect Herman Hulst to Supervisory Board For ForING Groep NV INGA Netherlands 4/28/2020 Annual Management 8C Elect Harold Naus to Supervisory Board For ForING Groep NV INGA Netherlands 4/28/2020 Annual Management 9A Grant Board Authority to Issue Shares For For

ING Groep NV INGA Netherlands 4/28/2020 Annual Management 9BGrant Board Authority to Issue Shares Up To 10 Percent of Issued Capital and Restricting/Excluding Preemptive Rights For For

ING Groep NV INGA Netherlands 4/28/2020 Annual Management 10Authorize Repurchase of Up to 10 Percent of Issued Share Capital For For

International Business Machines Corporation IBM USA 4/28/2020 Annual Management 1.1 Elect Director Thomas Buberl For ForInternational Business Machines Corporation IBM USA 4/28/2020 Annual Management 1.2 Elect Director Michael L. Eskew For ForInternational Business Machines Corporation IBM USA 4/28/2020 Annual Management 1.3 Elect Director David N. Farr For ForInternational Business Machines Corporation IBM USA 4/28/2020 Annual Management 1.4 Elect Director Alex Gorsky For ForInternational Business Machines Corporation IBM USA 4/28/2020 Annual Management 1.5 Elect Director Michelle J. Howard For ForInternational Business Machines Corporation IBM USA 4/28/2020 Annual Management 1.6 Elect Director Arvind Krishna For ForInternational Business Machines Corporation IBM USA 4/28/2020 Annual Management 1.7 Elect Director Andrew N. Liveris For ForInternational Business Machines Corporation IBM USA 4/28/2020 Annual Management 1.8 Elect Director Frederick William McNabb, III For ForInternational Business Machines Corporation IBM USA 4/28/2020 Annual Management 1.9 Elect Director Martha E. Pollack For ForInternational Business Machines Corporation IBM USA 4/28/2020 Annual Management 1.10 Elect Director Virginia M. Rometty For ForInternational Business Machines Corporation IBM USA 4/28/2020 Annual Management 1.11 Elect Director Joseph R. Swedish For ForInternational Business Machines Corporation IBM USA 4/28/2020 Annual Management 1.12 Elect Director Sidney Taurel For ForInternational Business Machines Corporation IBM USA 4/28/2020 Annual Management 1.13 Elect Director Peter R. Voser For ForInternational Business Machines Corporation IBM USA 4/28/2020 Annual Management 1.14 Elect Director Frederick H. Waddell For ForInternational Business Machines Corporation IBM USA 4/28/2020 Annual Management 2 Ratify PricewaterhouseCoopers LLP as Auditors For For

International Business Machines Corporation IBM USA 4/28/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

International Business Machines Corporation IBM USA 4/28/2020 Annual Shareholder 4 Amend Governing Documents to allow Removal of Directors Against ForInternational Business Machines Corporation IBM USA 4/28/2020 Annual Shareholder 5 Provide Right to Act by Written Consent Against ForInternational Business Machines Corporation IBM USA 4/28/2020 Annual Shareholder 6 Require Independent Board Chairman Against ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 1 Approve Annual Report For ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 2 Approve Financial Statements For For

Moscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 3Approve Allocation of Income and Dividends of RUB 7.93 per Share For For

Moscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 4.1 Elect Ramon Adarraga Morales as Director None ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 4.2 Elect Paul Bodart as Director None For

Page 45: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Moscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 4.3 Elect Anatolii Braverman as Director None ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 4.4 Elect Oleg Viugin as Director None ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 4.5 Elect Andrei Golikov as Director None ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 4.6 Elect Mariia Gordon as Director None ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 4.7 Elect Valerii Goregliad as Director None ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 4.8 Elect Dmitrii Eremeev as Director None ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 4.9 Elect Bella Zlatkis as Director None ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 4.10 Elect Aleksandr Izosimov as Director None ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 4.11 Elect Maksim Krasnykh as Director None ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 4.12 Elect Vadim Kulik as Director None AgainstMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 4.13 Elect Oskar Hartmann as Director None ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 5 Ratify Auditor For ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 6 Approve New Edition of Charter For For

Moscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 7 Approve New Edition of Regulations on General Meetings For For

Moscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 8 Approve New Edition of Regulations on Board of Directors For ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 9.1 Elect Mikhail Kireev as Member of Audit Commission For For

Moscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 9.2 Elect Natalia Perchatkina as Member of Audit Commission For For

Moscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 9.3 Elect Olga Romantsova as Member of Audit Commission For ForMoscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 10 Approve Remuneration of Directors For For

Moscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 11 Approve Remuneration of Members of Audit Commission For For

Moscow Exchange MICEX-RTS PJSC MOEX Russia 4/28/2020 Annual Management 12Approve Termination of Company's Membership in Russian Bank Association For For

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 1Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2019 For For

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 2 Approve Allocation of Income and Dividends For ForOdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 3 Approve Remuneration of Company's Management For ForOdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 4 Fix Number of Fiscal Council Members at Three For ForOdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 5 Elect Fiscal Council Members For Abstain

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 6

In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Under Articles 161 and 240 of the Brazilian Corporate Law, May Your Votes Still Be Counted for the Proposed Slate? None Against

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Shareholder 7Elect Ivan Maluf Junior as Fiscal Council Member and Eduardo da Gama Godoy as Alternate Appointed by Minority Shareholder None For

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 8 Approve Remuneration of Fiscal Council Members For ForOdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 9 Fix Number of Directors at Eight For For

Page 46: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 10

Do You Wish to Adopt Cumulative Voting for the Election of the Members of the Board of Directors, Under the Terms of Article 141 of the Brazilian Corporate Law? None Abstain

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 11 Elect Directors For Against

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 12In Case There is Any Change to the Board Slate Composition, May Your Votes Still be Counted for the Proposed Slate? None Against

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 13In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? None Abstain

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 14.1Percentage of Votes to Be Assigned - Elect Luiz Carlos Trabuco Cappi as Director and Vinicius Marinho da Cruz as Alternate None Abstain

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 14.2Percentage of Votes to Be Assigned - Elect Octavio de Lazari Junior as Director and Flavio Bitter as Alternate None Abstain

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 14.3Percentage of Votes to Be Assigned - Elect Manoel Antonio Peres as Director and Americo Pinto Gomes as Alternate None Abstain

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 14.4Percentage of Votes to Be Assigned - Elect Ivan Luiz Gontijo Junior as Director None Abstain

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 14.5Percentage of Votes to Be Assigned - Elect Samuel Monteiro dos Santos Junior as Director None Abstain

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 14.6Percentage of Votes to Be Assigned - Elect Vinicius Jose de Almeida Albernaz as Director None Abstain

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 14.7Percentage of Votes to Be Assigned - Elect Cesar Suaki dos Santos as Director and David Casimiro Moreira as Alternate None Abstain

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 14.8

Percentage of Votes to Be Assigned - Elect Murilo Cesar Lemos dos Santos Passos as Director and Jorge Kalache Filho as Alternate None Abstain

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Shareholder 15 Elect Director Appointed by Minority Shareholder None Against

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 16

In Case Neither Class of Shares Reaches the Minimum Quorum Required by the Brazilian Corporate Law to Elect a Board Representative in Separate Elections, Would You Like to Use Your Votes to Elect the Candidate with More Votes to Represent Both Classes? None For

OdontoPrev SA ODPV3 Brazil 4/28/2020 Annual Management 17

In the Event of a Second Call, the Voting Instructions Contained in this Remote Voting Card May Also be Considered for the Second Call? None For

Sanofi SAN France 4/28/2020 Annual Management 1 Approve Financial Statements and Statutory Reports For For

Sanofi SAN France 4/28/2020 Annual Management 2Approve Consolidated Financial Statements and Statutory Reports For For

Page 47: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Sanofi SAN France 4/28/2020 Annual Management 3Approve Treatment of Losses and Dividends of EUR 3.15 per Share For For

Sanofi SAN France 4/28/2020 Annual Management 4 Approve Auditors' Special Report on Related-Party Transactions For ForSanofi SAN France 4/28/2020 Annual Management 5 Ratify Appointment of Paul Hudson as Director For ForSanofi SAN France 4/28/2020 Annual Management 6 Reelect Laurent Attal as Director For ForSanofi SAN France 4/28/2020 Annual Management 7 Reelect Carole Piwnica as Director For ForSanofi SAN France 4/28/2020 Annual Management 8 Reelect Diane Souza as Director For ForSanofi SAN France 4/28/2020 Annual Management 9 Reelect Thomas Sudhof as Director For ForSanofi SAN France 4/28/2020 Annual Management 10 Elect Rachel Duan as Director For ForSanofi SAN France 4/28/2020 Annual Management 11 Elect Lise Kingo as Director For For

Sanofi SAN France 4/28/2020 Annual Management 12Approve Remuneration of Directors in the Aggregate Amount of EUR 2 Million For For

Sanofi SAN France 4/28/2020 Annual Management 13 Approve Remuneration Policy of Directors For For

Sanofi SAN France 4/28/2020 Annual Management 14 Approve Remuneration Policy of Chairman of the Board For ForSanofi SAN France 4/28/2020 Annual Management 15 Approve Remuneration Policy of CEO For ForSanofi SAN France 4/28/2020 Annual Management 16 Approve Compensation Report of Corporate Officers For For

Sanofi SAN France 4/28/2020 Annual Management 17Approve Compensation of Serge Weinberg, Chairman of the Board For For

Sanofi SAN France 4/28/2020 Annual Management 18Approve Compensation of Paul Hudson, CEO Since Sept. 1, 2019 For For

Sanofi SAN France 4/28/2020 Annual Management 19Approve Compensation of Olivier Brandicourt, CEO Until Aug. 31, 2019 For For

Sanofi SAN France 4/28/2020 Annual Management 20Authorize Repurchase of Up to 10 Percent of Issued Share Capital For For

Sanofi SAN France 4/28/2020 Annual Management 21 Authorize Filing of Required Documents/Other Formalities For For

WEG SA WEGE3 Brazil 4/28/2020 Special Management 1Amend Articles to Comply with New Regulations of Novo Mercado of B3 For For

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 1Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2019 For For

WEG SA WEGE3 Brazil 4/28/2020 Special Management 2Validate the Amendment of Articles to Adapt the Resolutions Approved in the Meeting in Relation to the Previous Item For For

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 2 Approve Capital Budget, Allocation of Income and Dividends For For

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 3 Approve Classification of Dan Ioschpe as Independent Director For For

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 4Approve Classification of Miguel Normando Abdalla Saad as Independent Director For For

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 5

As an Ordinary Shareholder, Would You like to Request a Separate Minority Election of a Member of the Board of Directors, Under the Terms of Article 141 of the Brazilian Corporate Law? None For

Page 48: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 6

Do You Wish to Adopt Cumulative Voting for the Election of the Members of the Board of Directors, Under the Terms of Article 141 of the Brazilian Corporate Law? None For

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 7 Elect Directors For Against

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 8In Case There is Any Change to the Board Slate Composition, May Your Votes Still be Counted for the Proposed Slate? None Against

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 9In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? None Against

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 10.1Percentage of Votes to Be Assigned - Elect Dan Ioschpe as Independent Director None Abstain

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 10.2Percentage of Votes to Be Assigned - Elect Decio da Silva as Director None Abstain

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 10.3Percentage of Votes to Be Assigned - Elect Martin Werninghaus as Director None Abstain

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 10.4Percentage of Votes to Be Assigned - Elect Miguel Normando Abdalla Saad as Independent Director None Abstain

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 10.5Percentage of Votes to Be Assigned - Elect Nildemar Secches as Director None Abstain

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 10.6Percentage of Votes to Be Assigned - Elect Sergio Luiz Silva Schwartz as Director None Abstain

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 10.7Percentage of Votes to Be Assigned - Elect Siegfried Kreutzfeld as Director None Abstain

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 11 Approve Remuneration of Company's Management For ForWEG SA WEGE3 Brazil 4/28/2020 Annual Management 12 Elect Fiscal Council Members For Against

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 13

In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Under Articles 161 and 240 of the Brazilian Corporate Law, May Your Votes Still Be Counted for the Proposed Slate? None Against

WEG SA WEGE3 Brazil 4/28/2020 Annual Shareholder 14

Elect Adelino Dias Pinho as Fiscal Council Member and Jose Luiz Ribeiro de Carvalho as Alternate Appointed by Minority Shareholder None For

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 15 Approve Remuneration of Fiscal Council Members For For

WEG SA WEGE3 Brazil 4/28/2020 Annual Management 16 Designate Newspapers to Publish Company Announcements For ForWells Fargo & Company WFC USA 4/28/2020 Annual Management 1a Elect Director Steven D. Black For ForWells Fargo & Company WFC USA 4/28/2020 Annual Management 1b Elect Director Celeste A. Clark For ForWells Fargo & Company WFC USA 4/28/2020 Annual Management 1c Elect Director Theodore F. Craver, Jr. For ForWells Fargo & Company WFC USA 4/28/2020 Annual Management 1d Elect Director Wayne M. Hewett For ForWells Fargo & Company WFC USA 4/28/2020 Annual Management 1e Elect Director Donald M. James For ForWells Fargo & Company WFC USA 4/28/2020 Annual Management 1f Elect Director Maria R. Morris For ForWells Fargo & Company WFC USA 4/28/2020 Annual Management 1g Elect Director Charles H. Noski For For

Page 49: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Wells Fargo & Company WFC USA 4/28/2020 Annual Management 1h Elect Director Richard B. Payne, Jr. For ForWells Fargo & Company WFC USA 4/28/2020 Annual Management 1i Elect Director Juan A. Pujadas For ForWells Fargo & Company WFC USA 4/28/2020 Annual Management 1j Elect Director Ronald L. Sargent For ForWells Fargo & Company WFC USA 4/28/2020 Annual Management 1k Elect Director Charles W. Scharf For ForWells Fargo & Company WFC USA 4/28/2020 Annual Management 1l Elect Director Suzanne M. Vautrinot For For

Wells Fargo & Company WFC USA 4/28/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

Wells Fargo & Company WFC USA 4/28/2020 Annual Management 3 Ratify KPMG LLP as Auditors For For

Wells Fargo & Company WFC USA 4/28/2020 Annual Shareholder 4Require Shareholder Approval of Bylaw Amendments Adopted by the Board of Directors Against Against

Wells Fargo & Company WFC USA 4/28/2020 Annual Shareholder 5Report on Incentive-Based Compensation and Risks of Material Losses Against Against

Wells Fargo & Company WFC USA 4/28/2020 Annual Shareholder 6 Report on Global Median Gender Pay Gap Against AgainstNoble Energy, Inc. NBL USA 4/28/2020 Annual Management 1a Elect Director Jeffrey L. Berenson For AgainstNoble Energy, Inc. NBL USA 4/28/2020 Annual Management 1b Elect Director James E. Craddock For AgainstNoble Energy, Inc. NBL USA 4/28/2020 Annual Management 1c Elect Director Barbara J. Duganier For ForNoble Energy, Inc. NBL USA 4/28/2020 Annual Management 1d Elect Director Thomas J. Edelman For AgainstNoble Energy, Inc. NBL USA 4/28/2020 Annual Management 1e Elect Director Holli C. Ladhani For ForNoble Energy, Inc. NBL USA 4/28/2020 Annual Management 1f Elect Director David L. Stover For ForNoble Energy, Inc. NBL USA 4/28/2020 Annual Management 1g Elect Director Scott D. Urban For AgainstNoble Energy, Inc. NBL USA 4/28/2020 Annual Management 1h Elect Director William T. Van Kleef For ForNoble Energy, Inc. NBL USA 4/28/2020 Annual Management 1i Elect Director Martha B. Wyrsch For ForNoble Energy, Inc. NBL USA 4/28/2020 Annual Management 2 Ratify KPMG LLP as Auditors For For

Noble Energy, Inc. NBL USA 4/28/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Noble Energy, Inc. NBL USA 4/28/2020 Annual Management 4 Approve Omnibus Stock Plan For AgainstVermilion Energy Inc. VET Canada 4/28/2020 Annual Management 1 Fix Number of Directors at Ten For ForVermilion Energy Inc. VET Canada 4/28/2020 Annual Management 2.1 Elect Director Lorenzo Donadeo For ForVermilion Energy Inc. VET Canada 4/28/2020 Annual Management 2.2 Elect Director Carin S. Knickel For ForVermilion Energy Inc. VET Canada 4/28/2020 Annual Management 2.3 Elect Director Stephen P. Larke For ForVermilion Energy Inc. VET Canada 4/28/2020 Annual Management 2.4 Elect Director Loren M. Leiker ForVermilion Energy Inc. VET Canada 4/28/2020 Annual Management 2.5 Elect Director Larry J. Macdonald For ForVermilion Energy Inc. VET Canada 4/28/2020 Annual Management 2.6 Elect Director Timothy R. Marchant ForVermilion Energy Inc. VET Canada 4/28/2020 Annual Management 2.7 Elect Director Anthony W. Marino ForVermilion Energy Inc. VET Canada 4/28/2020 Annual Management 2.8 Elect Director Robert B. Michaleski For ForVermilion Energy Inc. VET Canada 4/28/2020 Annual Management 2.9 Elect Director William B. Roby ForVermilion Energy Inc. VET Canada 4/28/2020 Annual Management 2.1 Elect Director Catherine L. Williams For For

Vermilion Energy Inc. VET Canada 4/28/2020 Annual Management 3Approve Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration For

Vermilion Energy Inc. VET Canada 4/28/2020 Annual Management 4 Approve Reduction in Stated Capital ForVermilion Energy Inc. VET Canada 4/28/2020 Annual Management 5 Advisory Vote on Executive Compensation Approach For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.1 Elect Director Jennifer S. Banner For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.2 Elect Director K. David Boyer, Jr. For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.3 Elect Director Agnes Bundy Scanlan For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.4 Elect Director Anna R. Cablik For For

Page 50: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Truist Financial Corporation TFC USA 4/28/2020 Annual Management 1.5 Elect Director Dallas S. Clement For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.6 Elect Director Paul D. Donahue For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.7 Elect Director Paul R. Garcia For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.8 Elect Director Patrick C. Graney, III For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.9 Elect Director Linnie M. Haynesworth For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.1 Elect Director Kelly S. King For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.11 Elect Director Easter A. Maynard For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.12 Elect Director Donna S. Morea For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.13 Elect Director Charles A. Patton For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.14 Elect Director Nido R. Qubein For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.15 Elect Director David M. Ratcliffe For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.16 Elect Director William H. Rogers, Jr. For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.17 Elect Director Frank P. Scruggs, Jr. For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.18 Elect Director Christine Sears For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.19 Elect Director Thomas E. Skains For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.2 Elect Director Bruce L. Tanner For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.21 Elect Director Thomas N. Thompson For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 1.22 Elect Director Steven C. Voorhees For ForTruist Financial Corporation TFC USA 4/28/2020 Annual Management 2 Ratify PricewaterhouseCoopers LLP as Auditors For For

Truist Financial Corporation TFC USA 4/28/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

Truist Financial Corporation TFC USA 4/28/2020 Annual Shareholder 4 Require Independent Board Chairman Against AgainstCenovus Energy Inc. CVE Canada 4/29/2020 Annual Management 1 Ratify PricewaterhouseCoopers LLP as Auditors For ForCenovus Energy Inc. CVE Canada 4/29/2020 Annual Management 2.1 Elect Director Keith M. Casey For ForCenovus Energy Inc. CVE Canada 4/29/2020 Annual Management 2.2 Elect Director Susan F. Dabarno For ForCenovus Energy Inc. CVE Canada 4/29/2020 Annual Management 2.3 Elect Director Jane E. Kinney For ForCenovus Energy Inc. CVE Canada 4/29/2020 Annual Management 2.4 Elect Director Harold N. Kvisle For ForCenovus Energy Inc. CVE Canada 4/29/2020 Annual Management 2.5 Elect Director Steven F. Leer For ForCenovus Energy Inc. CVE Canada 4/29/2020 Annual Management 2.6 Elect Director M. George Lewis For ForCenovus Energy Inc. CVE Canada 4/29/2020 Annual Management 2.7 Elect Director Keith A. MacPhail For ForCenovus Energy Inc. CVE Canada 4/29/2020 Annual Management 2.8 Elect Director Richard J. Marcogliese For ForCenovus Energy Inc. CVE Canada 4/29/2020 Annual Management 2.9 Elect Director Claude Mongeau For ForCenovus Energy Inc. CVE Canada 4/29/2020 Annual Management 2.10 Elect Director Alexander J. Pourbaix For ForCenovus Energy Inc. CVE Canada 4/29/2020 Annual Management 2.11 Elect Director Rhonda I. Zygocki For ForCenovus Energy Inc. CVE Canada 4/29/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForKimberly-Clark Corporation KMB USA 4/29/2020 Annual Management 1.1 Elect Director Abelardo E. Bru For ForKimberly-Clark Corporation KMB USA 4/29/2020 Annual Management 1.2 Elect Director Robert W. Decherd For ForKimberly-Clark Corporation KMB USA 4/29/2020 Annual Management 1.3 Elect Director Michael D. Hsu For ForKimberly-Clark Corporation KMB USA 4/29/2020 Annual Management 1.4 Elect Director Mae C. Jemison For ForKimberly-Clark Corporation KMB USA 4/29/2020 Annual Management 1.5 Elect Director S. Todd Maclin For ForKimberly-Clark Corporation KMB USA 4/29/2020 Annual Management 1.6 Elect Director Sherilyn S. McCoy For ForKimberly-Clark Corporation KMB USA 4/29/2020 Annual Management 1.7 Elect Director Christa S. Quarles For ForKimberly-Clark Corporation KMB USA 4/29/2020 Annual Management 1.8 Elect Director Ian C. Read For ForKimberly-Clark Corporation KMB USA 4/29/2020 Annual Management 1.9 Elect Director Dunia A. Shive For ForKimberly-Clark Corporation KMB USA 4/29/2020 Annual Management 1.10 Elect Director Mark T. Smucker For For

Page 51: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Kimberly-Clark Corporation KMB USA 4/29/2020 Annual Management 1.11 Elect Director Michael D. White For ForKimberly-Clark Corporation KMB USA 4/29/2020 Annual Management 2 Ratify Deloitte & Touche LLP as Auditors For For

Kimberly-Clark Corporation KMB USA 4/29/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

Kimberly-Clark Corporation KMB USA 4/29/2020 Annual Shareholder 4 Provide Right to Act by Written Consent Against For

Ovintiv, Inc. OVV USA 4/29/2020 Annual Management 1Advisory Vote to Ratify Named Executive Officers' Compensation For For

Ovintiv, Inc. OVV USA 4/29/2020 Annual Management 2a Elect Director Peter A. Dea For ForOvintiv, Inc. OVV USA 4/29/2020 Annual Management 2b Elect Director Fred J. Fowler For ForOvintiv, Inc. OVV USA 4/29/2020 Annual Management 2c Elect Director Howard J. Mayson For ForOvintiv, Inc. OVV USA 4/29/2020 Annual Management 2d Elect Director Lee A. McIntire For ForOvintiv, Inc. OVV USA 4/29/2020 Annual Management 2e Elect Director Margaret A. McKenzie For ForOvintiv, Inc. OVV USA 4/29/2020 Annual Management 2f Elect Director Steven W. Nance For ForOvintiv, Inc. OVV USA 4/29/2020 Annual Management 2g Elect Director Suzanne P. Nimocks For ForOvintiv, Inc. OVV USA 4/29/2020 Annual Management 2h Elect Director Thomas G. Ricks For ForOvintiv, Inc. OVV USA 4/29/2020 Annual Management 2i Elect Director Brian G. Shaw For ForOvintiv, Inc. OVV USA 4/29/2020 Annual Management 2j Elect Director Douglas J. Suttles For ForOvintiv, Inc. OVV USA 4/29/2020 Annual Management 2k Elect Director Bruce G. Waterman For ForOvintiv, Inc. OVV USA 4/29/2020 Annual Management 2l Elect Director Clayton H. Woitas For ForOvintiv, Inc. OVV USA 4/29/2020 Annual Management 3 Ratify PricewaterhouseCoopers LLP as Auditors For ForOvintiv, Inc. OVV USA 4/29/2020 Annual Shareholder 4 Report on Climate Change Against ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 2 Approve Remuneration Report For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 3 Re-elect Nils Andersen as Director For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 4 Re-elect Laura Cha as Director For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 5 Re-elect Vittorio Colao as Director For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 6 Re-elect Dr Judith Hartmann as Director For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 7 Re-elect Alan Jope as Director For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 8 Re-elect Andrea Jung as Director For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 9 Re-elect Susan Kilsby as Director For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 10 Re-elect Strive Masiyiwa as Director For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 11 Re-elect Youngme Moon as Director For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 12 Re-elect Graeme Pitkethly as Director For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 13 Re-elect John Rishton as Director For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 14 Re-elect Feike Sijbesma as Director For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 15 Reappoint KPMG LLP as Auditors For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 16 Authorise Board to Fix Remuneration of Auditors For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 17 Authorise EU Political Donations and Expenditure For ForUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 18 Authorise Issue of Equity For AgainstUnilever Plc ULVR United Kingdom 4/29/2020 Annual Management 19 Authorise Issue of Equity without Pre-emptive Rights For For

Unilever Plc ULVR United Kingdom 4/29/2020 Annual Management 20Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment For For

Unilever Plc ULVR United Kingdom 4/29/2020 Annual Management 21 Authorise Market Purchase of Ordinary Shares For For

Page 52: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Unilever Plc ULVR United Kingdom 4/29/2020 Annual Management 22Authorise the Company to Call General Meeting with Two Weeks' Notice For Against

Aimia Inc. AIM Canada 4/29/2020 Annual Management 1.1 Elect Director Karen Basian For ForAimia Inc. AIM Canada 4/29/2020 Annual Management 1.2 Elect Director Charles Frischer For ForAimia Inc. AIM Canada 4/29/2020 Annual Management 1.3 Elect Director Sandra Hanington For ForAimia Inc. AIM Canada 4/29/2020 Annual Management 1.4 Elect Director Michael Lehmann For ForAimia Inc. AIM Canada 4/29/2020 Annual Management 1.5 Elect Director Philip Mittleman For ForAimia Inc. AIM Canada 4/29/2020 Annual Management 1.6 Elect Director David Rosenkrantz For ForAimia Inc. AIM Canada 4/29/2020 Annual Management 1.7 Elect Director Jordan G. Teramo For ForAimia Inc. AIM Canada 4/29/2020 Annual Management 2 Ratify PricewaterhouseCoopers LLP as Auditors For For

Aimia Inc. AIM Canada 4/29/2020 Annual Management 3 Change Location of Registered Office from Quebec to Ontario For ForAimia Inc. AIM Canada 4/29/2020 Annual Management 4 Approve Stock Consolidation For ForAimia Inc. AIM Canada 4/29/2020 Annual Management 5 Advisory Vote on Executive Compensation Approach For ForBorgWarner Inc. BWA USA 4/29/2020 Annual Management 1a Elect Director Dennis C. Cuneo For ForBorgWarner Inc. BWA USA 4/29/2020 Annual Management 1b Elect Director Michael S. Hanley For ForBorgWarner Inc. BWA USA 4/29/2020 Annual Management 1c Elect Director Frederic B. Lissalde For ForBorgWarner Inc. BWA USA 4/29/2020 Annual Management 1d Elect Director Paul A. Mascarenas For ForBorgWarner Inc. BWA USA 4/29/2020 Annual Management 1e Elect Director John R. McKernan, Jr. For ForBorgWarner Inc. BWA USA 4/29/2020 Annual Management 1f Elect Director Deborah D. McWhinney For ForBorgWarner Inc. BWA USA 4/29/2020 Annual Management 1g Elect Director Alexis P. Michas For ForBorgWarner Inc. BWA USA 4/29/2020 Annual Management 1h Elect Director Vicki L. Sato For For

BorgWarner Inc. BWA USA 4/29/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

BorgWarner Inc. BWA USA 4/29/2020 Annual Management 3 Ratify PricewaterhouseCoopers LLP as Auditors For For

BorgWarner Inc. BWA USA 4/29/2020 Annual Shareholder 4Require Shareholder Approval of Bylaw Amendments Adopted by the Board of Directors Against Against

Cameco Corporation CCO Canada 4/30/2020 Annual Management A.1 Elect Director Ian Bruce For ForCameco Corporation CCO Canada 4/30/2020 Annual Management A.2 Elect Director Daniel Camus For ForCameco Corporation CCO Canada 4/30/2020 Annual Management A.3 Elect Director Donald Deranger For ForCameco Corporation CCO Canada 4/30/2020 Annual Management A.4 Elect Director Catherine Gignac For ForCameco Corporation CCO Canada 4/30/2020 Annual Management A.5 Elect Director Tim Gitzel For ForCameco Corporation CCO Canada 4/30/2020 Annual Management A.6 Elect Director Jim Gowans For WithholdCameco Corporation CCO Canada 4/30/2020 Annual Management A.7 Elect Director Kathryn (Kate) Jackson For ForCameco Corporation CCO Canada 4/30/2020 Annual Management A.8 Elect Director Don Kayne For ForCameco Corporation CCO Canada 4/30/2020 Annual Management A.9 Elect Director Anne McLellan For ForCameco Corporation CCO Canada 4/30/2020 Annual Management B Ratify KPMG LLP as Auditors For ForCameco Corporation CCO Canada 4/30/2020 Annual Management C Advisory Vote on Executive Compensation Approach For For

Cameco Corporation CCO Canada 4/30/2020 Annual Management D

The Undersigned Hereby Certifies that the Shares Represented by this Proxy are Owned and Controlled by a Canadian. Vote FOR = Yes and ABSTAIN = No. A Vote Against will be treated as not voted. None For

DBS Group Holdings Ltd. D05 Singapore 4/30/2020 Annual Management 1 Adopt Financial Statements and Directors' and Auditors' Reports For ForDBS Group Holdings Ltd. D05 Singapore 4/30/2020 Annual Management 2 Approve Final Dividend For For

Page 53: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

DBS Group Holdings Ltd. D05 Singapore 4/30/2020 Annual Management 3 Approve Directors' Fees For For

DBS Group Holdings Ltd. D05 Singapore 4/30/2020 Annual Management 4Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

DBS Group Holdings Ltd. D05 Singapore 4/30/2020 Annual Management 5 Elect Peter Seah Lim Huat as Director For AgainstDBS Group Holdings Ltd. D05 Singapore 4/30/2020 Annual Management 6 Elect Ho Tian Yee as Director For AgainstDBS Group Holdings Ltd. D05 Singapore 4/30/2020 Annual Management 7 Elect Olivier Lim Tse Ghow as Director For ForDBS Group Holdings Ltd. D05 Singapore 4/30/2020 Annual Management 8 Elect Ow Foong Pheng as Director For Against

DBS Group Holdings Ltd. D05 Singapore 4/30/2020 Annual Management 9Approve Grant of Awards and Issuance of Shares Under the DBSH Share Plan For For

DBS Group Holdings Ltd. D05 Singapore 4/30/2020 Annual Management 10Approve Grant of Awards and Issuance of Shares Under the California Sub-Plan to the DBSH Share Plan For For

DBS Group Holdings Ltd. D05 Singapore 4/30/2020 Annual Management 11Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights For For

DBS Group Holdings Ltd. D05 Singapore 4/30/2020 Annual Management 12Approve Issuance of Shares Pursuant to the DBSH Scrip Dividend Scheme For For

DBS Group Holdings Ltd. D05 Singapore 4/30/2020 Annual Management 13 Authorize Share Repurchase Program For ForEOG Resources, Inc. EOG USA 4/30/2020 Annual Management 1a Elect Director Janet F. Clark For ForEOG Resources, Inc. EOG USA 4/30/2020 Annual Management 1b Elect Director Charles R. Crisp For ForEOG Resources, Inc. EOG USA 4/30/2020 Annual Management 1c Elect Director Robert P. Daniels For ForEOG Resources, Inc. EOG USA 4/30/2020 Annual Management 1d Elect Director James C. Day For ForEOG Resources, Inc. EOG USA 4/30/2020 Annual Management 1e Elect Director C. Christopher Gaut For ForEOG Resources, Inc. EOG USA 4/30/2020 Annual Management 1f Elect Director Julie J. Robertson For ForEOG Resources, Inc. EOG USA 4/30/2020 Annual Management 1g Elect Director Donald F. Textor For ForEOG Resources, Inc. EOG USA 4/30/2020 Annual Management 1h Elect Director William R. Thomas For ForEOG Resources, Inc. EOG USA 4/30/2020 Annual Management 2 Ratify Deloitte & Touche LLP as Auditors For For

EOG Resources, Inc. EOG USA 4/30/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

Gildan Activewear Inc. GIL Canada 4/30/2020 Annual Management 1.1 Elect Director William D. Anderson For ForGildan Activewear Inc. GIL Canada 4/30/2020 Annual Management 1.2 Elect Director Donald C. Berg For ForGildan Activewear Inc. GIL Canada 4/30/2020 Annual Management 1.3 Elect Director Maryse Bertrand For ForGildan Activewear Inc. GIL Canada 4/30/2020 Annual Management 1.4 Elect Director Marc Caira For ForGildan Activewear Inc. GIL Canada 4/30/2020 Annual Management 1.5 Elect Director Glenn J. Chamandy For ForGildan Activewear Inc. GIL Canada 4/30/2020 Annual Management 1.6 Elect Director Shirley E. Cunningham For ForGildan Activewear Inc. GIL Canada 4/30/2020 Annual Management 1.7 Elect Director Russell Goodman For ForGildan Activewear Inc. GIL Canada 4/30/2020 Annual Management 1.8 Elect Director Charles M. Herington For ForGildan Activewear Inc. GIL Canada 4/30/2020 Annual Management 1.9 Elect Director Luc Jobin For ForGildan Activewear Inc. GIL Canada 4/30/2020 Annual Management 1.10 Elect Director Craig A. Leavitt For ForGildan Activewear Inc. GIL Canada 4/30/2020 Annual Management 1.11 Elect Director Anne Martin-Vachon For ForGildan Activewear Inc. GIL Canada 4/30/2020 Annual Management 2 Approve Shareholder Rights Plan For ForGildan Activewear Inc. GIL Canada 4/30/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForGildan Activewear Inc. GIL Canada 4/30/2020 Annual Management 4 Ratify KPMG LLP as Auditors For ForLoblaw Companies Limited L Canada 4/30/2020 Annual Management 1.1 Elect Director Paviter S. Binning For ForLoblaw Companies Limited L Canada 4/30/2020 Annual Management 1.2 Elect Director Scott B. Bonham For ForLoblaw Companies Limited L Canada 4/30/2020 Annual Management 1.3 Elect Director Warren Bryant For For

Page 54: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Loblaw Companies Limited L Canada 4/30/2020 Annual Management 1.4 Elect Director Christie J.B. Clark For ForLoblaw Companies Limited L Canada 4/30/2020 Annual Management 1.5 Elect Director Daniel Debow For ForLoblaw Companies Limited L Canada 4/30/2020 Annual Management 1.6 Elect Director William A. Downe For ForLoblaw Companies Limited L Canada 4/30/2020 Annual Management 1.7 Elect Director Janice Fukakusa For ForLoblaw Companies Limited L Canada 4/30/2020 Annual Management 1.8 Elect Director M. Marianne Harris For ForLoblaw Companies Limited L Canada 4/30/2020 Annual Management 1.9 Elect Director Claudia Kotchka For ForLoblaw Companies Limited L Canada 4/30/2020 Annual Management 1.10 Elect Director Beth Pritchard For ForLoblaw Companies Limited L Canada 4/30/2020 Annual Management 1.11 Elect Director Sarah Raiss For ForLoblaw Companies Limited L Canada 4/30/2020 Annual Management 1.12 Elect Director Galen G. Weston For For

Loblaw Companies Limited L Canada 4/30/2020 Annual Management 2Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Loblaw Companies Limited L Canada 4/30/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For For

Loblaw Companies Limited L Canada 4/30/2020 Annual Shareholder 4

SP 1: Enhance the Mandate of the Risk and Compliance Committee to Assign it with Specific Responsibility for Human Rights Risk Assessment, Mitigation and Prevention, Policy Formulation and Adoption Against Against

Telesites SAB de CV SITESB.1 Mexico 4/30/2020 Annual Management 1.1Approve CEO's Report Including External Auditor's Report and Board's Opinion on CEO's Report For For

Telesites SAB de CV SITESB.1 Mexico 4/30/2020 Annual Management 1.2Approve Board Report on Principal Accounting Policies and Criteria Followed in Preparation of Financial Information For For

Telesites SAB de CV SITESB.1 Mexico 4/30/2020 Annual Management 1.3Approve Report on Activities and Operations Undertaken by Board For For

Telesites SAB de CV SITESB.1 Mexico 4/30/2020 Annual Management 1.4 Approve Consolidated Financial Statements For For

Telesites SAB de CV SITESB.1 Mexico 4/30/2020 Annual Management 1.5 Approve Audit and Corporate Practices Committee's Report For ForTelesites SAB de CV SITESB.1 Mexico 4/30/2020 Annual Management 2 Approve Allocation of Income For For

Telesites SAB de CV SITESB.1 Mexico 4/30/2020 Annual Management 3Elect or Ratify Directors and Company Secretary and Deputy Secretary; Verify Independence of Directors For Against

Telesites SAB de CV SITESB.1 Mexico 4/30/2020 Annual Management 4Approve Remuneration of Directors and Company Secretary and Deputy Secretary For For

Telesites SAB de CV SITESB.1 Mexico 4/30/2020 Annual Management 5Elect or Ratify Members of Audit and Corporate Practices Committee For Against

Telesites SAB de CV SITESB.1 Mexico 4/30/2020 Annual Management 6Approve Remuneration of Audit and Corporate Practices Committee For For

Telesites SAB de CV SITESB.1 Mexico 4/30/2020 Annual Management 7 Authorize Board to Ratify and Execute Approved Resolutions For For

Unilever NV UNA Netherlands 4/30/2020 Annual Management 1Discussion of the Annual Report and Accounts for the 2019 Financial Year

Unilever NV UNA Netherlands 4/30/2020 Annual Management 2 Approve Financial Statements and Allocation of Income For ForUnilever NV UNA Netherlands 4/30/2020 Annual Management 3 Approve Remuneration Report For ForUnilever NV UNA Netherlands 4/30/2020 Annual Management 4 Approve Discharge of Executive Directors For ForUnilever NV UNA Netherlands 4/30/2020 Annual Management 5 Approve Discharge of Non-Executive Directors For For

Page 55: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Unilever NV UNA Netherlands 4/30/2020 Annual Management 6 Reelect N Andersen as Non-Executive Director For ForUnilever NV UNA Netherlands 4/30/2020 Annual Management 7 Reelect L Cha as Non-Executive Director For ForUnilever NV UNA Netherlands 4/30/2020 Annual Management 8 Reelect V Colao as Non-Executive Director For ForUnilever NV UNA Netherlands 4/30/2020 Annual Management 9 Reelect J Hartmann as Non-Executive Director For ForUnilever NV UNA Netherlands 4/30/2020 Annual Management 10 Reelect A Jope as Executive Director For ForUnilever NV UNA Netherlands 4/30/2020 Annual Management 11 Reelect A Jung as Non-Executive Director For ForUnilever NV UNA Netherlands 4/30/2020 Annual Management 12 Reelect S Kilsby as Non-Executive Director For ForUnilever NV UNA Netherlands 4/30/2020 Annual Management 13 Reelect S Masiyiwa as Non-Executive Director For ForUnilever NV UNA Netherlands 4/30/2020 Annual Management 14 Reelect Y Moon as Non-Executive Director For ForUnilever NV UNA Netherlands 4/30/2020 Annual Management 15 Reelect G Pitkethly as Executive Director For ForUnilever NV UNA Netherlands 4/30/2020 Annual Management 16 Reelect J Rishton as Director For ForUnilever NV UNA Netherlands 4/30/2020 Annual Management 17 Reelect F Sijbesma as Director For ForUnilever NV UNA Netherlands 4/30/2020 Annual Management 18 Ratify KPMG as Auditors For ForUnilever NV UNA Netherlands 4/30/2020 Annual Management 19 Grant Board Authority to Issue Shares For Against

Unilever NV UNA Netherlands 4/30/2020 Annual Management 20Authorize Board to Exclude Preemptive Rights from Share Issuances for General Corporate Purposes For For

Unilever NV UNA Netherlands 4/30/2020 Annual Management 21

Authorize Board to Exclude Preemptive Rights from Share Issuances for Acquisition or Specified Capital Investment Purposes For For

Unilever NV UNA Netherlands 4/30/2020 Annual Management 22Authorize Repurchase of Up to 10 Percent of Issued Share Capital For For

Unilever NV UNA Netherlands 4/30/2020 Annual Management 23Approve Reduction in Share Capital through Cancellation of Ordinary Shares For For

Cameco Corporation CCO Canada 4/30/2020 Annual Management A.1 Elect Director Ian Bruce For ForCameco Corporation CCO Canada 4/30/2020 Annual Management A.2 Elect Director Daniel Camus For ForCameco Corporation CCO Canada 4/30/2020 Annual Management A.3 Elect Director Donald Deranger For ForCameco Corporation CCO Canada 4/30/2020 Annual Management A.4 Elect Director Catherine Gignac For ForCameco Corporation CCO Canada 4/30/2020 Annual Management A.5 Elect Director Tim Gitzel For ForCameco Corporation CCO Canada 4/30/2020 Annual Management A.6 Elect Director Jim Gowans For WithholdCameco Corporation CCO Canada 4/30/2020 Annual Management A.7 Elect Director Kathryn (Kate) Jackson For ForCameco Corporation CCO Canada 4/30/2020 Annual Management A.8 Elect Director Don Kayne For ForCameco Corporation CCO Canada 4/30/2020 Annual Management A.9 Elect Director Anne McLellan For ForCameco Corporation CCO Canada 4/30/2020 Annual Management B Ratify KPMG LLP as Auditors For ForCameco Corporation CCO Canada 4/30/2020 Annual Management C Advisory Vote on Executive Compensation Approach For For

Cameco Corporation CCO Canada 4/30/2020 Annual Management D

The Undersigned Hereby Certifies that the Shares Represented by this Proxy are Owned and Controlled by a Canadian. Vote FOR = Yes and ABSTAIN = No. A Vote Against will be treated as not voted. None For

Imperial Oil Ltd. IMO Canada 5/1/2020 Annual Management 1 Ratify PricewaterhouseCoopers LLP as Auditors For ForImperial Oil Ltd. IMO Canada 5/1/2020 Annual Management 2.1 Elect Director D.C. (David) Brownell For WithholdImperial Oil Ltd. IMO Canada 5/1/2020 Annual Management 2.2 Elect Director D.W. (David) Cornhill For ForImperial Oil Ltd. IMO Canada 5/1/2020 Annual Management 2.3 Elect Director B.W. (Bradley) Corson For ForImperial Oil Ltd. IMO Canada 5/1/2020 Annual Management 2.4 Elect Director K.T. (Krystyna) Hoeg For ForImperial Oil Ltd. IMO Canada 5/1/2020 Annual Management 2.5 Elect Director M.C. (Miranda) Hubbs For ForImperial Oil Ltd. IMO Canada 5/1/2020 Annual Management 2.6 Elect Director J.M. (Jack) Mintz For For

Page 56: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Imperial Oil Ltd. IMO Canada 5/1/2020 Annual Management 2.7 Elect Director D.S. (David) Sutherland For ForTC Energy Corporation TRP Canada 5/1/2020 Annual Management 1.1 Elect Director Stephan Cretier For ForTC Energy Corporation TRP Canada 5/1/2020 Annual Management 1.2 Elect Director Michael R. Culbert For ForTC Energy Corporation TRP Canada 5/1/2020 Annual Management 1.3 Elect Director Russell K. Girling For ForTC Energy Corporation TRP Canada 5/1/2020 Annual Management 1.4 Elect Director Susan C. Jones For ForTC Energy Corporation TRP Canada 5/1/2020 Annual Management 1.5 Elect Director Randy Limbacher For ForTC Energy Corporation TRP Canada 5/1/2020 Annual Management 1.6 Elect Director John E. Lowe For ForTC Energy Corporation TRP Canada 5/1/2020 Annual Management 1.7 Elect Director David MacNaughton For ForTC Energy Corporation TRP Canada 5/1/2020 Annual Management 1.8 Elect Director Una Power For ForTC Energy Corporation TRP Canada 5/1/2020 Annual Management 1.9 Elect Director Mary Pat Salomone For ForTC Energy Corporation TRP Canada 5/1/2020 Annual Management 1.10 Elect Director Indira V. Samarasekera For ForTC Energy Corporation TRP Canada 5/1/2020 Annual Management 1.11 Elect Director D. Michael G. Stewart For ForTC Energy Corporation TRP Canada 5/1/2020 Annual Management 1.12 Elect Director Siim A. Vanaselja For ForTC Energy Corporation TRP Canada 5/1/2020 Annual Management 1.13 Elect Director Thierry Vandal For ForTC Energy Corporation TRP Canada 5/1/2020 Annual Management 1.14 Elect Director Steven W. Williams For For

TC Energy Corporation TRP Canada 5/1/2020 Annual Management 2Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration For For

TC Energy Corporation TRP Canada 5/1/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For For

AltaGas Ltd. ALA Canada 5/1/2020 Annual Management 1Approve Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration For For

AltaGas Ltd. ALA Canada 5/1/2020 Annual Management 2.1 Elect Director Victoria A. Calvert For ForAltaGas Ltd. ALA Canada 5/1/2020 Annual Management 2.2 Elect Director David W. Cornhill For ForAltaGas Ltd. ALA Canada 5/1/2020 Annual Management 2.3 Elect Director Randall L. Crawford For ForAltaGas Ltd. ALA Canada 5/1/2020 Annual Management 2.4 Elect Director Allan L. Edgeworth For ForAltaGas Ltd. ALA Canada 5/1/2020 Annual Management 2.5 Elect Director Robert B. Hodgins For ForAltaGas Ltd. ALA Canada 5/1/2020 Annual Management 2.6 Elect Director Cynthia Johnston For ForAltaGas Ltd. ALA Canada 5/1/2020 Annual Management 2.7 Elect Director Pentti O. Karkkainen For ForAltaGas Ltd. ALA Canada 5/1/2020 Annual Management 2.8 Elect Director Phillip R. Knoll For ForAltaGas Ltd. ALA Canada 5/1/2020 Annual Management 2.9 Elect Director Terry D. McCallister For ForAltaGas Ltd. ALA Canada 5/1/2020 Annual Management 2.1 Elect Director Linda G. Sullivan For ForAltaGas Ltd. ALA Canada 5/1/2020 Annual Management 2.11 Elect Director Nancy G. Tower For ForAltaGas Ltd. ALA Canada 5/1/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForBerkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Management 1.1 Elect Director Warren E. Buffett For ForBerkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Management 1.2 Elect Director Charles T. Munger For ForBerkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Management 1.3 Elect Director Gregory E. Abel For ForBerkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Management 1.4 Elect Director Howard G. Buffett For ForBerkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Management 1.5 Elect Director Stephen B. Burke For ForBerkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Management 1.6 Elect Director Kenneth I. Chenault For ForBerkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Management 1.7 Elect Director Susan L. Decker For ForBerkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Management 1.8 Elect Director David S. Gottesman For ForBerkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Management 1.9 Elect Director Charlotte Guyman For ForBerkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Management 1.10 Elect Director Ajit Jain For ForBerkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Management 1.11 Elect Director Thomas S. Murphy For ForBerkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Management 1.12 Elect Director Ronald L. Olson For ForBerkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Management 1.13 Elect Director Walter Scott, Jr. For For

Page 57: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Berkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Management 1.14 Elect Director Meryl B. Witmer For For

Berkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

Berkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Management 3 Advisory Vote on Say on Pay Frequency Three Years One YearBerkshire Hathaway Inc. BRK.B USA 5/2/2020 Annual Shareholder 4 Adopt a Policy on Board Diversity Against AgainstBank OZK OZK USA 5/4/2020 Annual Management 1a Elect Director Nicholas Brown For ForBank OZK OZK USA 5/4/2020 Annual Management 1b Elect Director Paula Cholmondeley For ForBank OZK OZK USA 5/4/2020 Annual Management 1c Elect Director Beverly Cole For ForBank OZK OZK USA 5/4/2020 Annual Management 1d Elect Director Robert East For ForBank OZK OZK USA 5/4/2020 Annual Management 1e Elect Director Kathleen Franklin For ForBank OZK OZK USA 5/4/2020 Annual Management 1f Elect Director Catherine B. Freedberg For ForBank OZK OZK USA 5/4/2020 Annual Management 1g Elect Director Jeffrey Gearhart For ForBank OZK OZK USA 5/4/2020 Annual Management 1h Elect Director George G. Gleason For ForBank OZK OZK USA 5/4/2020 Annual Management 1i Elect Director Peter Kenny For ForBank OZK OZK USA 5/4/2020 Annual Management 1j Elect Director William Koefoed, Jr. For ForBank OZK OZK USA 5/4/2020 Annual Management 1k Elect Director Walter J. (Jack) Mullen, Jr. For ForBank OZK OZK USA 5/4/2020 Annual Management 1l Elect Director Christopher Orndorff For ForBank OZK OZK USA 5/4/2020 Annual Management 1m Elect Director John Reynolds For ForBank OZK OZK USA 5/4/2020 Annual Management 1n Elect Director Steven Sadoff For ForBank OZK OZK USA 5/4/2020 Annual Management 1o Elect Director Ross Whipple For ForBank OZK OZK USA 5/4/2020 Annual Management 2 Ratify PricewaterhouseCoopers LLP as Auditors For For

Bank OZK OZK USA 5/4/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 1 Approve Financial Statements and Statutory Reports For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 2Approve Consolidated Financial Statements and Statutory Reports For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 3

Approve Allocation of Income and Dividends of EUR 2.70 per Share and an Extra of EUR 0.27 per Share to Long Term Registered Shares For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 4Authorize Repurchase of Up to 10 Percent of Issued Share Capital For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 5 Reelect Brian Gilvary as Director For ForAir Liquide SA AI France 5/5/2020 Annual/Special Management 6 Elect Anette Bronder as Director For ForAir Liquide SA AI France 5/5/2020 Annual/Special Management 7 Elect Kim Ann Mink as Director For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 8Approve Auditors' Special Report on Related-Party Transactions Mentioning the Absence of New Transactions For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 9 Approve Compensation of Benoit Potier For ForAir Liquide SA AI France 5/5/2020 Annual/Special Management 10 Approve Compensation Report for Corporate Officers For ForAir Liquide SA AI France 5/5/2020 Annual/Special Management 11 Approve Remuneration Policy of Corporate Officers For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 12Approve Remuneration of Directors in the Aggregate Amount of EUR 1.3 Million For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 13Authorize Decrease in Share Capital via Cancellation of Repurchased Shares For For

Page 58: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Air Liquide SA AI France 5/5/2020 Annual/Special Management 14Authorize Capitalization of Reserves of Up to EUR 300 Million for Bonus Issue or Increase in Par Value For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 15Authorize Capital Issuances for Use in Employee Stock Purchase Plans For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 16

Authorize Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of International Subsidiaries For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 17 Amend Article 11 of Bylaws Re: Employee Representative For ForAir Liquide SA AI France 5/5/2020 Annual/Special Management 18 Amend Article 15 of Bylaws Re: Board Powers For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 19 Amend Article 16 of Bylaws Re: Board Members Remuneration For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 20Amend Article 9 of Bylaws Re: Shareholding Disclosure Thresholds For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 21Amend Articles 15 and 19 of Bylaws Re: Delegate Power to Board Members For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 22 Amend Article 4 of Bylaws Re: Company Duration For For

Air Liquide SA AI France 5/5/2020 Annual/Special Management 23 Authorize Filing of Required Documents/Other Formalities For ForBristol-Myers Squibb Company BMY USA 5/5/2020 Annual Management 1A Elect Director Peter J. Arduini For ForBristol-Myers Squibb Company BMY USA 5/5/2020 Annual Management 1B Elect Director Robert Bertolini For ForBristol-Myers Squibb Company BMY USA 5/5/2020 Annual Management 1C Elect Director Michael W. Bonney For ForBristol-Myers Squibb Company BMY USA 5/5/2020 Annual Management 1D Elect Director Giovanni Caforio For ForBristol-Myers Squibb Company BMY USA 5/5/2020 Annual Management 1E Elect Director Matthew W. Emmens For ForBristol-Myers Squibb Company BMY USA 5/5/2020 Annual Management 1F Elect Director Julia A. Haller For ForBristol-Myers Squibb Company BMY USA 5/5/2020 Annual Management 1G Elect Director Dinesh C. Paliwal For ForBristol-Myers Squibb Company BMY USA 5/5/2020 Annual Management 1H Elect Director Theodore R. Samuels For ForBristol-Myers Squibb Company BMY USA 5/5/2020 Annual Management 1I Elect Director Vicki L. Sato For ForBristol-Myers Squibb Company BMY USA 5/5/2020 Annual Management 1J Elect Director Gerald L. Storch For ForBristol-Myers Squibb Company BMY USA 5/5/2020 Annual Management 1K Elect Director Karen H. Vousden For ForBristol-Myers Squibb Company BMY USA 5/5/2020 Annual Management 1L Elect Director Phyllis R. Yale For For

Bristol-Myers Squibb Company BMY USA 5/5/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

Bristol-Myers Squibb Company BMY USA 5/5/2020 Annual Management 3 Ratify Deloitte & Touche LLP as Auditors For ForBristol-Myers Squibb Company BMY USA 5/5/2020 Annual Shareholder 4 Require Independent Board Chairman Against AgainstBristol-Myers Squibb Company BMY USA 5/5/2020 Annual Shareholder 5 Provide Right to Act by Written Consent Against ForEnbridge Inc. ENB Canada 5/5/2020 Annual Management 1.1 Elect Director Pamela L. Carter For ForEnbridge Inc. ENB Canada 5/5/2020 Annual Management 1.2 Elect Director Marcel R. Coutu For WithholdEnbridge Inc. ENB Canada 5/5/2020 Annual Management 1.3 Elect Director Susan M. Cunningham For WithholdEnbridge Inc. ENB Canada 5/5/2020 Annual Management 1.4 Elect Director Gregory L. Ebel For ForEnbridge Inc. ENB Canada 5/5/2020 Annual Management 1.5 Elect Director J. Herb England For ForEnbridge Inc. ENB Canada 5/5/2020 Annual Management 1.6 Elect Director Charles W. Fischer For ForEnbridge Inc. ENB Canada 5/5/2020 Annual Management 1.7 Elect Director Gregory J. Goff For ForEnbridge Inc. ENB Canada 5/5/2020 Annual Management 1.8 Elect Director V. Maureen Kempston Darkes For WithholdEnbridge Inc. ENB Canada 5/5/2020 Annual Management 1.9 Elect Director Teresa S. Madden For For

Page 59: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Enbridge Inc. ENB Canada 5/5/2020 Annual Management 1.10 Elect Director Al Monaco For ForEnbridge Inc. ENB Canada 5/5/2020 Annual Management 1.11 Elect Director Dan C. Tutcher For For

Enbridge Inc. ENB Canada 5/5/2020 Annual Management 2Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Enbridge Inc. ENB Canada 5/5/2020 Annual Management 3 Approve Shareholder Rights Plan For ForEnbridge Inc. ENB Canada 5/5/2020 Annual Management 4 Amend By-Law No. 1 of Enbridge For ForEnbridge Inc. ENB Canada 5/5/2020 Annual Management 5 Advisory Vote on Executive Compensation Approach For AgainstGeneral Electric Company GE USA 5/5/2020 Annual Management 1 Elect Director Sebastien Bazin For ForGeneral Electric Company GE USA 5/5/2020 Annual Management 2 Elect Director Ashton Carter For ForGeneral Electric Company GE USA 5/5/2020 Annual Management 3 Elect Director H. Lawrence Culp, Jr. For ForGeneral Electric Company GE USA 5/5/2020 Annual Management 4 Elect Director Francisco D'Souza For ForGeneral Electric Company GE USA 5/5/2020 Annual Management 5 Elect Director Edward Garden For ForGeneral Electric Company GE USA 5/5/2020 Annual Management 6 Elect Director Thomas W. Horton For ForGeneral Electric Company GE USA 5/5/2020 Annual Management 7 Elect Director Risa Lavizzo-Mourey For ForGeneral Electric Company GE USA 5/5/2020 Annual Management 8 Elect Director Catherine Lesjak For ForGeneral Electric Company GE USA 5/5/2020 Annual Management 9 Elect Director Paula Rosput Reynolds For ForGeneral Electric Company GE USA 5/5/2020 Annual Management 10 Elect Director Leslie Seidman For ForGeneral Electric Company GE USA 5/5/2020 Annual Management 11 Elect Director James Tisch For Against

General Electric Company GE USA 5/5/2020 Annual Management 12Advisory Vote to Ratify Named Executive Officers' Compensation For Against

General Electric Company GE USA 5/5/2020 Annual Management 13 Ratify KPMG LLP as Auditors For ForGeneral Electric Company GE USA 5/5/2020 Annual Shareholder 14 Require Independent Board Chairman Against AgainstGeorge Weston Limited WN Canada 5/5/2020 Annual Management 1.1 Elect Director Paviter S. Binning For ForGeorge Weston Limited WN Canada 5/5/2020 Annual Management 1.2 Elect Director Andrew A. Ferrier For ForGeorge Weston Limited WN Canada 5/5/2020 Annual Management 1.3 Elect Director Nancy H. O. Lockhart For ForGeorge Weston Limited WN Canada 5/5/2020 Annual Management 1.4 Elect Director Sarabjit S. Marwah For ForGeorge Weston Limited WN Canada 5/5/2020 Annual Management 1.5 Elect Director Gordon M. Nixon For ForGeorge Weston Limited WN Canada 5/5/2020 Annual Management 1.6 Elect Director J. Robert S. Prichard For ForGeorge Weston Limited WN Canada 5/5/2020 Annual Management 1.7 Elect Director Robert Sawyer For ForGeorge Weston Limited WN Canada 5/5/2020 Annual Management 1.8 Elect Director Christi Strauss For ForGeorge Weston Limited WN Canada 5/5/2020 Annual Management 1.9 Elect Director Barbara Stymiest For ForGeorge Weston Limited WN Canada 5/5/2020 Annual Management 1.10 Elect Director Galen G. Weston For For

George Weston Limited WN Canada 5/5/2020 Annual Management 2Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration For For

George Weston Limited WN Canada 5/5/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForNuVista Energy Ltd. NVA Canada 5/5/2020 Annual/Special Management 1 Fix Number of Directors at Nine For ForNuVista Energy Ltd. NVA Canada 5/5/2020 Annual/Special Management 2.1 Elect Director Ronald J. Eckhardt For WithholdNuVista Energy Ltd. NVA Canada 5/5/2020 Annual/Special Management 2.2 Elect Director Pentti O. Karkkainen For WithholdNuVista Energy Ltd. NVA Canada 5/5/2020 Annual/Special Management 2.3 Elect Director Keith A. MacPhail For WithholdNuVista Energy Ltd. NVA Canada 5/5/2020 Annual/Special Management 2.4 Elect Director Ronald J. Poelzer For WithholdNuVista Energy Ltd. NVA Canada 5/5/2020 Annual/Special Management 2.5 Elect Director Brian G. Shaw For ForNuVista Energy Ltd. NVA Canada 5/5/2020 Annual/Special Management 2.6 Elect Director Sheldon B. Steeves For ForNuVista Energy Ltd. NVA Canada 5/5/2020 Annual/Special Management 2.7 Elect Director Deborah S. Stein For ForNuVista Energy Ltd. NVA Canada 5/5/2020 Annual/Special Management 2.8 Elect Director Jonathan A. Wright For ForNuVista Energy Ltd. NVA Canada 5/5/2020 Annual/Special Management 2.9 Elect Director Grant A. Zawalsky For For

Page 60: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

NuVista Energy Ltd. NVA Canada 5/5/2020 Annual/Special Management 3Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration For For

NuVista Energy Ltd. NVA Canada 5/5/2020 Annual/Special Management 4 Advisory Vote on Executive Compensation Approach For AgainstNuVista Energy Ltd. NVA Canada 5/5/2020 Annual/Special Management 5 Amend Stock Option Plan For AgainstNuVista Energy Ltd. NVA Canada 5/5/2020 Annual/Special Management 6 Amend Share Award Incentive Plan For AgainstAlcon Inc. ALC Switzerland 5/6/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForAlcon Inc. ALC Switzerland 5/6/2020 Annual Management 2 Approve Discharge of Board and Senior Management For For

Alcon Inc. ALC Switzerland 5/6/2020 Annual Management 3 Approve Allocation of Income and Omission of Dividends For ForAlcon Inc. ALC Switzerland 5/6/2020 Annual Management 4.1 Approve Remuneration Report (Non-Binding) For For

Alcon Inc. ALC Switzerland 5/6/2020 Annual Management 4.2Approve Remuneration of Directors in the Amount of CHF 3.3 Million For For

Alcon Inc. ALC Switzerland 5/6/2020 Annual Management 4.3Approve Remuneration of Executive Committee in the Amount of CHF 35.3 Million For For

Alcon Inc. ALC Switzerland 5/6/2020 Annual Management 5.1 Reelect Michael Ball as Director For ForAlcon Inc. ALC Switzerland 5/6/2020 Annual Management 5.2 Reelect Lynn Bleil as Director For ForAlcon Inc. ALC Switzerland 5/6/2020 Annual Management 5.3 Reelect Arthur Cummings as Director For ForAlcon Inc. ALC Switzerland 5/6/2020 Annual Management 5.4 Reelect David Endicott as Director For ForAlcon Inc. ALC Switzerland 5/6/2020 Annual Management 5.5 Reelect Thomas Glanzmann as Director For ForAlcon Inc. ALC Switzerland 5/6/2020 Annual Management 5.6 Reelect Keith Grossmann as Director For ForAlcon Inc. ALC Switzerland 5/6/2020 Annual Management 5.7 Reelect Scott Maw as Director For ForAlcon Inc. ALC Switzerland 5/6/2020 Annual Management 5.8 Reelect Karen May as Director For ForAlcon Inc. ALC Switzerland 5/6/2020 Annual Management 5.9 Reelect Ines Poeschel as Director For ForAlcon Inc. ALC Switzerland 5/6/2020 Annual Management 5.10 Reelect Dieter Spaelti as Director For For

Alcon Inc. ALC Switzerland 5/6/2020 Annual Management 6.1Reappoint Thomas Glanzmann as Member of the Compensation Committee For For

Alcon Inc. ALC Switzerland 5/6/2020 Annual Management 6.2Reappoint Keith Grossmann as Member of the Compensation Committee For For

Alcon Inc. ALC Switzerland 5/6/2020 Annual Management 6.3Reappoint Karen May as Member of the Compensation Committee For For

Alcon Inc. ALC Switzerland 5/6/2020 Annual Management 6.4Reappoint Ines Poeschel as Member of the Compensation Committee For For

Alcon Inc. ALC Switzerland 5/6/2020 Annual Management 7Designate Hartmann Dreyer Attorneys-at-Law as Independent Proxy For For

Alcon Inc. ALC Switzerland 5/6/2020 Annual Management 8 Ratify PricewaterhouseCoopers SA as Auditors For ForAlcon Inc. ALC Switzerland 5/6/2020 Annual Management 9 Transact Other Business (Voting) For AgainstAltus Group Limited AIF Canada 5/6/2020 Annual/Special Management 1a Elect Director Angela L. Brown For ForAltus Group Limited AIF Canada 5/6/2020 Annual/Special Management 1b Elect Director Robert G. Courteau For ForAltus Group Limited AIF Canada 5/6/2020 Annual/Special Management 1c Elect Director Colin Dyer For ForAltus Group Limited AIF Canada 5/6/2020 Annual/Special Management 1d Elect Director Anthony Gaffney For ForAltus Group Limited AIF Canada 5/6/2020 Annual/Special Management 1e Elect Director Anthony Long For ForAltus Group Limited AIF Canada 5/6/2020 Annual/Special Management 1f Elect Director Diane MacDiarmid For ForAltus Group Limited AIF Canada 5/6/2020 Annual/Special Management 1g Elect Director Raymond C. Mikulich For ForAltus Group Limited AIF Canada 5/6/2020 Annual/Special Management 1h Elect Director Janet P. Woodruff For For

Page 61: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Altus Group Limited AIF Canada 5/6/2020 Annual/Special Management 2Approve Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Altus Group Limited AIF Canada 5/6/2020 Annual/Special Management 3 Amend Long-Term Incentive Plan For ForAltus Group Limited AIF Canada 5/6/2020 Annual/Special Management 4 Advisory Vote on Executive Compensation Approach For ForGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 2 Approve Remuneration Report For ForGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 3 Approve Remuneration Policy For WithholdGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 4 Elect Sir Jonathan Symonds as Director For ForGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 5 Elect Charles Bancroft as Director For ForGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 6 Re-elect Emma Walmsley as Director For ForGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 7 Re-elect Vindi Banga as Director For ForGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 8 Re-elect Dr Hal Barron as Director For ForGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 9 Re-elect Dr Vivienne Cox as Director For ForGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 10 Re-elect Lynn Elsenhans as Director For ForGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 11 Re-elect Dr Laurie Glimcher as Director For ForGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 12 Re-elect Dr Jesse Goodman as Director For ForGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 13 Re-elect Judy Lewent as Director For ForGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 14 Re-elect Iain Mackay as Director For ForGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 15 Re-elect Urs Rohner as Director For ForGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 16 Reappoint Deloitte LLP as Auditors For For

GlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 17Authorise the Audit & Risk Committee to Fix Remuneration of Auditors For For

GlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 18 Authorise EU Political Donations and Expenditure For ForGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 19 Authorise Issue of Equity For AgainstGlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 20 Authorise Issue of Equity without Pre-emptive Rights For For

GlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 21Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment For For

GlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 22 Authorise Market Purchase of Ordinary Shares For For

GlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 23

Approve the Exemption from Statement of the Name of the Senior Statutory Auditor in Published Copies of the Auditors' Reports For For

GlaxoSmithKline Plc GSK United Kingdom 5/6/2020 Annual Management 24Authorise the Company to Call General Meeting with Two Weeks' Notice For Against

Intact Financial Corporation IFC Canada 5/6/2020 Annual/Special Management 1.1 Elect Director Charles Brindamour For ForIntact Financial Corporation IFC Canada 5/6/2020 Annual/Special Management 1.2 Elect Director Janet De Silva For ForIntact Financial Corporation IFC Canada 5/6/2020 Annual/Special Management 1.3 Elect Director Claude Dussault For ForIntact Financial Corporation IFC Canada 5/6/2020 Annual/Special Management 1.4 Elect Director Jane E. Kinney For ForIntact Financial Corporation IFC Canada 5/6/2020 Annual/Special Management 1.5 Elect Director Robert G. Leary For ForIntact Financial Corporation IFC Canada 5/6/2020 Annual/Special Management 1.6 Elect Director Sylvie Paquette For ForIntact Financial Corporation IFC Canada 5/6/2020 Annual/Special Management 1.7 Elect Director Timothy H. Penner For ForIntact Financial Corporation IFC Canada 5/6/2020 Annual/Special Management 1.8 Elect Director Stuart J. Russell For ForIntact Financial Corporation IFC Canada 5/6/2020 Annual/Special Management 1.9 Elect Director Frederick Singer For ForIntact Financial Corporation IFC Canada 5/6/2020 Annual/Special Management 1.10 Elect Director Stephen G. Snyder For ForIntact Financial Corporation IFC Canada 5/6/2020 Annual/Special Management 1.11 Elect Director Carol Stephenson For For

Page 62: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Intact Financial Corporation IFC Canada 5/6/2020 Annual/Special Management 1.12 Elect Director William L. Young For ForIntact Financial Corporation IFC Canada 5/6/2020 Annual/Special Management 2 Ratify Ernst & Young LLP as Auditors For ForIntact Financial Corporation IFC Canada 5/6/2020 Annual/Special Management 3 Approve Shareholder Rights Plan For ForIntact Financial Corporation IFC Canada 5/6/2020 Annual/Special Management 4 Advisory Vote on Executive Compensation Approach For ForNutrien Ltd. NTR Canada 5/6/2020 Annual Management 1.1 Elect Director Christopher M. Burley For ForNutrien Ltd. NTR Canada 5/6/2020 Annual Management 1.2 Elect Director Maura J. Clark For ForNutrien Ltd. NTR Canada 5/6/2020 Annual Management 1.3 Elect Director David C. Everitt For ForNutrien Ltd. NTR Canada 5/6/2020 Annual Management 1.4 Elect Director Russell K. Girling For ForNutrien Ltd. NTR Canada 5/6/2020 Annual Management 1.5 Elect Director Miranda C. Hubbs For ForNutrien Ltd. NTR Canada 5/6/2020 Annual Management 1.6 Elect Director Alice D. Laberge For ForNutrien Ltd. NTR Canada 5/6/2020 Annual Management 1.7 Elect Director Consuelo E. Madere For ForNutrien Ltd. NTR Canada 5/6/2020 Annual Management 1.8 Elect Director Charles V. Magro For ForNutrien Ltd. NTR Canada 5/6/2020 Annual Management 1.9 Elect Director Keith G. Martell For ForNutrien Ltd. NTR Canada 5/6/2020 Annual Management 1.10 Elect Director Aaron W. Regent For ForNutrien Ltd. NTR Canada 5/6/2020 Annual Management 1.11 Elect Director Mayo M. Schmidt For ForNutrien Ltd. NTR Canada 5/6/2020 Annual Management 2 Ratify KPMG LLP as Auditors For ForNutrien Ltd. NTR Canada 5/6/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForPepsiCo, Inc. PEP USA 5/6/2020 Annual Management 1a Elect Director Shona L. Brown For AgainstPepsiCo, Inc. PEP USA 5/6/2020 Annual Management 1b Elect Director Cesar Conde For ForPepsiCo, Inc. PEP USA 5/6/2020 Annual Management 1c Elect Director Ian Cook For ForPepsiCo, Inc. PEP USA 5/6/2020 Annual Management 1d Elect Director Dina Dublon For AgainstPepsiCo, Inc. PEP USA 5/6/2020 Annual Management 1e Elect Director Richard W. Fisher For ForPepsiCo, Inc. PEP USA 5/6/2020 Annual Management 1f Elect Director Michelle Gass For ForPepsiCo, Inc. PEP USA 5/6/2020 Annual Management 1g Elect Director Ramon L. Laguarta For ForPepsiCo, Inc. PEP USA 5/6/2020 Annual Management 1h Elect Director David C. Page For AgainstPepsiCo, Inc. PEP USA 5/6/2020 Annual Management 1i Elect Director Robert C. Pohlad For ForPepsiCo, Inc. PEP USA 5/6/2020 Annual Management 1j Elect Director Daniel Vasella For AgainstPepsiCo, Inc. PEP USA 5/6/2020 Annual Management 1k Elect Director Darren Walker For ForPepsiCo, Inc. PEP USA 5/6/2020 Annual Management 1l Elect Director Alberto Weisser For ForPepsiCo, Inc. PEP USA 5/6/2020 Annual Management 2 Ratify KPMG LLP as Auditors For For

PepsiCo, Inc. PEP USA 5/6/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For Against

PepsiCo, Inc. PEP USA 5/6/2020 Annual Shareholder 4Reduce Ownership Threshold for Shareholders to Call Special Meeting Against For

PepsiCo, Inc. PEP USA 5/6/2020 Annual Shareholder 5 Report on Sugar and Public Health Against AgainstSuncor Energy Inc. SU Canada 5/6/2020 Annual Management 1.1 Elect Director Patricia M. Bedient For ForSuncor Energy Inc. SU Canada 5/6/2020 Annual Management 1.2 Elect Director Mel E. Benson For ForSuncor Energy Inc. SU Canada 5/6/2020 Annual Management 1.3 Elect Director John D. Gass For ForSuncor Energy Inc. SU Canada 5/6/2020 Annual Management 1.4 Elect Director Dennis M. Houston For ForSuncor Energy Inc. SU Canada 5/6/2020 Annual Management 1.5 Elect Director Mark S. Little For ForSuncor Energy Inc. SU Canada 5/6/2020 Annual Management 1.6 Elect Director Brian P. MacDonald For ForSuncor Energy Inc. SU Canada 5/6/2020 Annual Management 1.7 Elect Director Maureen McCaw For ForSuncor Energy Inc. SU Canada 5/6/2020 Annual Management 1.8 Elect Director Lorraine Mitchelmore For ForSuncor Energy Inc. SU Canada 5/6/2020 Annual Management 1.9 Elect Director Eira M. Thomas For ForSuncor Energy Inc. SU Canada 5/6/2020 Annual Management 1.10 Elect Director Michael M. Wilson For For

Page 63: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Suncor Energy Inc. SU Canada 5/6/2020 Annual Management 2 Ratify KPMG LLP as Auditors For ForSuncor Energy Inc. SU Canada 5/6/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForTORC Oil & Gas Ltd. TOG Canada 5/6/2020 Annual Management 1 Fix Number of Directors at Nine For ForTORC Oil & Gas Ltd. TOG Canada 5/6/2020 Annual Management 2.1 Elect Director David Johnson For ForTORC Oil & Gas Ltd. TOG Canada 5/6/2020 Annual Management 2.2 Elect Director John Brussa For WithholdTORC Oil & Gas Ltd. TOG Canada 5/6/2020 Annual Management 2.3 Elect Director Mary-Jo Case For ForTORC Oil & Gas Ltd. TOG Canada 5/6/2020 Annual Management 2.4 Elect Director M. Bruce Chernoff For ForTORC Oil & Gas Ltd. TOG Canada 5/6/2020 Annual Management 2.5 Elect Director Catharine de Lacy For ForTORC Oil & Gas Ltd. TOG Canada 5/6/2020 Annual Management 2.6 Elect Director John Gordon For ForTORC Oil & Gas Ltd. TOG Canada 5/6/2020 Annual Management 2.7 Elect Director Brett Herman For ForTORC Oil & Gas Ltd. TOG Canada 5/6/2020 Annual Management 2.8 Elect Director R. Scott Lawrence For ForTORC Oil & Gas Ltd. TOG Canada 5/6/2020 Annual Management 2.9 Elect Director Dale Shwed For For

TORC Oil & Gas Ltd. TOG Canada 5/6/2020 Annual Management 3Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration For For

TORC Oil & Gas Ltd. TOG Canada 5/6/2020 Annual Management 4 Advisory Vote on Executive Compensation Approach For ForTORC Oil & Gas Ltd. TOG Canada 5/6/2020 Annual Management 5 Approve Reduction in Stated Capital For ForCanadian Utilities Limited CU Canada 5/6/2020 Annual Management 1.1 Elect Director Matthias F. Bichsel For ForCanadian Utilities Limited CU Canada 5/6/2020 Annual Management 1.2 Elect Director Loraine M. Charlton For ForCanadian Utilities Limited CU Canada 5/6/2020 Annual Management 1.3 Elect Director Robert J. Normand For ForCanadian Utilities Limited CU Canada 5/6/2020 Annual Management 1.4 Elect Director Alexander J. Pourbaix For ForCanadian Utilities Limited CU Canada 5/6/2020 Annual Management 1.5 Elect Director Hector A. Rangel For ForCanadian Utilities Limited CU Canada 5/6/2020 Annual Management 1.6 Elect Director Laura A. Reed For ForCanadian Utilities Limited CU Canada 5/6/2020 Annual Management 1.7 Elect Director Nancy C. Southern For ForCanadian Utilities Limited CU Canada 5/6/2020 Annual Management 1.8 Elect Director Linda A. Southern-Heathcott For ForCanadian Utilities Limited CU Canada 5/6/2020 Annual Management 1.9 Elect Director Roger J. Urwin For ForCanadian Utilities Limited CU Canada 5/6/2020 Annual Management 1.1 Elect Director Charles W. Wilson For ForCanadian Utilities Limited CU Canada 5/6/2020 Annual Management 1.11 Elect Director Wayne G. Wouters For ForCanadian Utilities Limited CU Canada 5/6/2020 Annual Management 2 Ratify PricewaterhouseCoopers LLP as Auditors For ForARC Resources Ltd. ARX Canada 5/7/2020 Annual Management 1.1 Elect Director Farhad Ahrabi For ForARC Resources Ltd. ARX Canada 5/7/2020 Annual Management 1.2 Elect Director David R. Collyer For ForARC Resources Ltd. ARX Canada 5/7/2020 Annual Management 1.3 Elect Director John P. Dielwart For ForARC Resources Ltd. ARX Canada 5/7/2020 Annual Management 1.4 Elect Director Harold N. Kvisle For ForARC Resources Ltd. ARX Canada 5/7/2020 Annual Management 1.5 Elect Director Kathleen M. O'Neill For ForARC Resources Ltd. ARX Canada 5/7/2020 Annual Management 1.6 Elect Director Herbert C. Pinder, Jr. For ForARC Resources Ltd. ARX Canada 5/7/2020 Annual Management 1.7 Elect Director William G. Sembo For ForARC Resources Ltd. ARX Canada 5/7/2020 Annual Management 1.8 Elect Director Nancy L. Smith For ForARC Resources Ltd. ARX Canada 5/7/2020 Annual Management 1.9 Elect Director Terry M. Anderson For For

ARC Resources Ltd. ARX Canada 5/7/2020 Annual Management 2Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

ARC Resources Ltd. ARX Canada 5/7/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForBCE Inc. BCE Canada 5/7/2020 Annual Management 1.1 Elect Director Barry K. Allen For ForBCE Inc. BCE Canada 5/7/2020 Annual Management 1.2 Elect Director Mirko Bibic For ForBCE Inc. BCE Canada 5/7/2020 Annual Management 1.3 Elect Director Sophie Brochu - Withdrawn Resolution BCE Inc. BCE Canada 5/7/2020 Annual Management 1.4 Elect Director Robert E. Brown For ForBCE Inc. BCE Canada 5/7/2020 Annual Management 1.5 Elect Director David F. Denison For For

Page 64: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

BCE Inc. BCE Canada 5/7/2020 Annual Management 1.6 Elect Director Robert P. Dexter For ForBCE Inc. BCE Canada 5/7/2020 Annual Management 1.7 Elect Director Ian Greenberg For ForBCE Inc. BCE Canada 5/7/2020 Annual Management 1.8 Elect Director Katherine Lee For ForBCE Inc. BCE Canada 5/7/2020 Annual Management 1.9 Elect Director Monique F. Leroux For ForBCE Inc. BCE Canada 5/7/2020 Annual Management 1.10 Elect Director Gordon M. Nixon For ForBCE Inc. BCE Canada 5/7/2020 Annual Management 1.11 Elect Director Thomas E. Richards For ForBCE Inc. BCE Canada 5/7/2020 Annual Management 1.12 Elect Director Calin Rovinescu For ForBCE Inc. BCE Canada 5/7/2020 Annual Management 1.13 Elect Director Karen Sheriff For ForBCE Inc. BCE Canada 5/7/2020 Annual Management 1.14 Elect Director Robert C. Simmonds For ForBCE Inc. BCE Canada 5/7/2020 Annual Management 1.15 Elect Director Paul R. Weiss For ForBCE Inc. BCE Canada 5/7/2020 Annual Management 2 Ratify Deloitte LLP as Auditors For ForBCE Inc. BCE Canada 5/7/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For For

BCE Inc. BCE Canada 5/7/2020 Annual Shareholder 4SP 1: Adopt a Diversity Target Higher than 40% for the Composition of the Board of Directors for the Next Five Years Against Against

Boston Scientific Corporation BSX USA 5/7/2020 Annual Management 1a Elect Director Nelda J. Connors For ForBoston Scientific Corporation BSX USA 5/7/2020 Annual Management 1b Elect Director Charles J. Dockendorff For ForBoston Scientific Corporation BSX USA 5/7/2020 Annual Management 1c Elect Director Yoshiaki Fujimori For ForBoston Scientific Corporation BSX USA 5/7/2020 Annual Management 1d Elect Director Donna A. James For ForBoston Scientific Corporation BSX USA 5/7/2020 Annual Management 1e Elect Director Edward J. Ludwig For ForBoston Scientific Corporation BSX USA 5/7/2020 Annual Management 1f Elect Director Stephen P. MacMillan For ForBoston Scientific Corporation BSX USA 5/7/2020 Annual Management 1g Elect Director Michael F. Mahoney For ForBoston Scientific Corporation BSX USA 5/7/2020 Annual Management 1h Elect Director David J. Roux For ForBoston Scientific Corporation BSX USA 5/7/2020 Annual Management 1i Elect Director John E. Sununu For ForBoston Scientific Corporation BSX USA 5/7/2020 Annual Management 1j Elect Director Ellen M. Zane For For

Boston Scientific Corporation BSX USA 5/7/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

Boston Scientific Corporation BSX USA 5/7/2020 Annual Management 3 Amend Omnibus Stock Plan For ForBoston Scientific Corporation BSX USA 5/7/2020 Annual Management 4 Ratify Ernst & Young LLP as Auditors For For

Boston Scientific Corporation BSX USA 5/7/2020 Annual Shareholder 5Report on Non-Management Employee Representation on the Board of Directors Against Against

Canadian Natural Resources Limited CNQ Canada 5/7/2020 Annual Management 1.1 Elect Director Catherine M. Best For WithholdCanadian Natural Resources Limited CNQ Canada 5/7/2020 Annual Management 1.2 Elect Director M. Elizabeth Cannon For ForCanadian Natural Resources Limited CNQ Canada 5/7/2020 Annual Management 1.3 Elect Director N. Murray Edwards For ForCanadian Natural Resources Limited CNQ Canada 5/7/2020 Annual Management 1.4 Elect Director Christopher L. Fong For ForCanadian Natural Resources Limited CNQ Canada 5/7/2020 Annual Management 1.5 Elect Director Gordon D. Giffin For ForCanadian Natural Resources Limited CNQ Canada 5/7/2020 Annual Management 1.6 Elect Director Wilfred A. Gobert For WithholdCanadian Natural Resources Limited CNQ Canada 5/7/2020 Annual Management 1.7 Elect Director Steve W. Laut For ForCanadian Natural Resources Limited CNQ Canada 5/7/2020 Annual Management 1.8 Elect Director Tim S. McKay For ForCanadian Natural Resources Limited CNQ Canada 5/7/2020 Annual Management 1.9 Elect Director Frank J. McKenna For WithholdCanadian Natural Resources Limited CNQ Canada 5/7/2020 Annual Management 1.10 Elect Director David A. Tuer For ForCanadian Natural Resources Limited CNQ Canada 5/7/2020 Annual Management 1.11 Elect Director Annette M. Verschuren For Withhold

Canadian Natural Resources Limited CNQ Canada 5/7/2020 Annual Management 2Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Canadian Natural Resources Limited CNQ Canada 5/7/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For Against

Page 65: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Canadian Tire Corporation Limited CTC.A Canada 5/7/2020 Annual Management 1.1 Elect Director Diana Chant For ForCanadian Tire Corporation Limited CTC.A Canada 5/7/2020 Annual Management 1.2 Elect Director Norman Jaskolka For ForCanadian Tire Corporation Limited CTC.A Canada 5/7/2020 Annual Management 1.3 Elect Director Cynthia Trudell For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.1 Elect Director Michael R. Amend For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.2 Elect Director Deborah J. Barrett For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.3 Elect Director Robin Bienfait For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.4 Elect Director Heather E. Conway For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.5 Elect Director Marcel R. Coutu For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.6 Elect Director Andre Desmarais For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.7 Elect Director Paul Desmarais, Jr. For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.8 Elect Director Gary A. Doer For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.9 Elect Director David G. Fuller For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.10 Elect Director Claude Genereux For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.11 Elect Director J. David A. Jackson For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.12 Elect Director Elizabeth C. Lempres For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.13 Elect Director Paula B. Madoff For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.14 Elect Director Paul A. Mahon For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.15 Elect Director Susan J. McArthur For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.16 Elect Director R. Jeffrey Orr For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.17 Elect Director T. Timothy Ryan For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.18 Elect Director Jerome J. Selitto For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.19 Elect Director James M. Singh For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.20 Elect Director Gregory D. Tretiak For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.21 Elect Director Siim A. Vanaselja For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 1.22 Elect Director Brian E. Walsh For ForGreat-West Lifeco Inc. GWO Canada 5/7/2020 Annual Management 2 Ratify Deloitte LLP as Auditors For ForiA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Management 1.1 Elect Director Agathe Cote For ForiA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Management 1.2 Elect Director Benoit Daignault For ForiA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Management 1.3 Elect Director Nicolas Darveau-Garneau For ForiA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Management 1.4 Elect Director Emma K. Griffin For ForiA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Management 1.5 Elect Director Claude Lamoureux For ForiA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Management 1.6 Elect Director Ginette Maille For ForiA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Management 1.7 Elect Director Jacques Martin For ForiA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Management 1.8 Elect Director Monique Mercier For ForiA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Management 1.9 Elect Director Danielle G. Morin For ForiA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Management 1.10 Elect Director Marc Poulin For ForiA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Management 1.11 Elect Director Denis Ricard For ForiA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Management 1.12 Elect Director Louis Tetu For ForiA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Management 2 Ratify Deloitte LLP as Auditors For ForiA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For For

iA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Shareholder 4SP 1: Analyze Climate Risk and Report the Results of its Analysis Against For

iA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Shareholder 5

SP 2: Adopt Measured Environmental Impact Reduction Objectives with Clearly Identified Targets in its Sustainable Development Policy Against Against

Page 66: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

iA Financial Corporation Inc. IAG Canada 5/7/2020 Annual Shareholder 6

SP 3: Use the Services of Advisory Experts in Sustainable Development to Adequately Guide the Sustainable Development Committee Against Against

Inter Pipeline Ltd. IPL Canada 5/7/2020 Annual/Special Management 1.1 Elect Director Richard Shaw For ForInter Pipeline Ltd. IPL Canada 5/7/2020 Annual/Special Management 1.2 Elect Director Christian Bayle For ForInter Pipeline Ltd. IPL Canada 5/7/2020 Annual/Special Management 1.3 Elect Director Peter Cella For ForInter Pipeline Ltd. IPL Canada 5/7/2020 Annual/Special Management 1.4 Elect Director Julie Dill For ForInter Pipeline Ltd. IPL Canada 5/7/2020 Annual/Special Management 1.5 Elect Director Duane Keinick For ForInter Pipeline Ltd. IPL Canada 5/7/2020 Annual/Special Management 1.6 Elect Director Arthur Korpach For ForInter Pipeline Ltd. IPL Canada 5/7/2020 Annual/Special Management 1.7 Elect Director Alison Taylor Love For ForInter Pipeline Ltd. IPL Canada 5/7/2020 Annual/Special Management 1.8 Elect Director Margaret McKenzie For ForInter Pipeline Ltd. IPL Canada 5/7/2020 Annual/Special Management 1.9 Elect Director Brant Sangster For ForInter Pipeline Ltd. IPL Canada 5/7/2020 Annual/Special Management 1.10 Elect Director Shelley Brown For ForInter Pipeline Ltd. IPL Canada 5/7/2020 Annual/Special Management 1.11 Elect Director Wayne Smith For For

Inter Pipeline Ltd. IPL Canada 5/7/2020 Annual/Special Management 2Approve Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Inter Pipeline Ltd. IPL Canada 5/7/2020 Annual/Special Management 3 Advisory Vote on Executive Compensation Approach For ForInter Pipeline Ltd. IPL Canada 5/7/2020 Annual/Special Management 4 Approve Shareholder Rights Plan For ForInter Pipeline Ltd. IPL Canada 5/7/2020 Annual/Special Management 5 Approve Reduction in Stated Capital For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 2 Approve Remuneration Policy For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 3 Approve Remuneration Report For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 4a Elect Arthur de Haast as Director For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 4b Re-elect Keith Barr as Director For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 4c Re-elect Anne Busquet as Director For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 4d Re-elect Patrick Cescau as Director For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 4e Re-elect Ian Dyson as Director For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 4f Re-elect Paul Edgecliffe-Johnson as Director For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 4g Re-elect Jo Harlow as Director For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 4h Re-elect Elie Maalouf as Director For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 4i Re-elect Luke Mayhew as Director For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 4j Re-elect Jill McDonald as Director For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 4k Re-elect Dale Morrison as Director For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 5 Reappoint Ernst & Young LLP as Auditors For For

InterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 6 Authorise the Audit Committee to Fix Remuneration of Auditors For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 7 Authorise EU Political Donations and Expenditure For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 8 Amend Long Term Incentive Plan For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 9 Authorise Issue of Equity For ForInterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 10 Authorise Issue of Equity without Pre-emptive Rights For For

InterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 11Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment For For

InterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 12 Authorise Market Purchase of Ordinary Shares For For

Page 67: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

InterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 13Authorise the Company to Call General Meeting with Two Weeks' Notice For Against

InterContinental Hotels Group Plc IHG United Kingdom 5/7/2020 Annual Management 14 Adopt New Articles of Association For ForManulife Financial Corp. MFC Canada 5/7/2020 Annual Management 1.1 Elect Director Ronalee H. Ambrose For ForManulife Financial Corp. MFC Canada 5/7/2020 Annual Management 1.2 Elect Director Guy L.T. Bainbridge For ForManulife Financial Corp. MFC Canada 5/7/2020 Annual Management 1.3 Elect Director Joseph P. Caron For ForManulife Financial Corp. MFC Canada 5/7/2020 Annual Management 1.4 Elect Director John M. Cassaday For ForManulife Financial Corp. MFC Canada 5/7/2020 Annual Management 1.5 Elect Director Susan F. Dabarno For ForManulife Financial Corp. MFC Canada 5/7/2020 Annual Management 1.6 Elect Director Julie E. Dickson For ForManulife Financial Corp. MFC Canada 5/7/2020 Annual Management 1.7 Elect Director Sheila S. Fraser For ForManulife Financial Corp. MFC Canada 5/7/2020 Annual Management 1.8 Elect Director Roy Gori For ForManulife Financial Corp. MFC Canada 5/7/2020 Annual Management 1.9 Elect Director Tsun-yan Hsieh For ForManulife Financial Corp. MFC Canada 5/7/2020 Annual Management 1.10 Elect Director Donald R. Lindsay For ForManulife Financial Corp. MFC Canada 5/7/2020 Annual Management 1.11 Elect Director John R.V. Palmer For ForManulife Financial Corp. MFC Canada 5/7/2020 Annual Management 1.12 Elect Director C. James Prieur For ForManulife Financial Corp. MFC Canada 5/7/2020 Annual Management 1.13 Elect Director Andrea S. Rosen For ForManulife Financial Corp. MFC Canada 5/7/2020 Annual Management 2 Ratify Ernst & Young LLP as Auditors For ForManulife Financial Corp. MFC Canada 5/7/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForSNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Management 1.1 Elect Director Gary C. Baughman For ForSNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Management 1.2 Elect Director Mary-Ann Bell For ForSNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Management 1.3 Elect Director Christie J.B. Clark For ForSNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Management 1.4 Elect Director Isabelle Courville For ForSNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Management 1.5 Elect Director Ian L. Edwards For ForSNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Management 1.6 Elect Director Kevin G. Lynch For WithholdSNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Management 1.7 Elect Director Steven L. Newman For ForSNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Management 1.8 Elect Director Michael B. Pedersen For ForSNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Management 1.9 Elect Director Jean Raby For ForSNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Management 1.10 Elect Director Zin Smati For ForSNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Management 1.11 Elect Director Benita M. Warmbold For For

SNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Management 2Approve Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration For For

SNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Management 3 Approve Shareholder Rights Plan For ForSNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Management 4 Advisory Vote on Executive Compensation Approach For For

SNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Shareholder 5SP 1: Integrate ESG Criteria into Performance Evaluation of Executive Officers Against Against

SNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Shareholder 6 SP 2: Maintain Head Office in Quebec Against AgainstSNC-Lavalin Group Inc. SNC Canada 5/7/2020 Annual Management 7 Amend Bylaw No. 2005-1 For ForStantec Inc. STN Canada 5/7/2020 Annual Management 1.1 Elect Director Douglas K. Ammerman For ForStantec Inc. STN Canada 5/7/2020 Annual Management 1.2 Elect Director Richard C. Bradeen For ForStantec Inc. STN Canada 5/7/2020 Annual Management 1.3 Elect Director Shelley A. M. Brown For ForStantec Inc. STN Canada 5/7/2020 Annual Management 1.4 Elect Director Patricia D. Galloway For ForStantec Inc. STN Canada 5/7/2020 Annual Management 1.5 Elect Director Robert J. Gomes For ForStantec Inc. STN Canada 5/7/2020 Annual Management 1.6 Elect Director Gordon A. Johnston For ForStantec Inc. STN Canada 5/7/2020 Annual Management 1.7 Elect Director Donald J. Lowry For ForStantec Inc. STN Canada 5/7/2020 Annual Management 1.8 Elect Director Marie-Lucie Morin For For

Page 68: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Stantec Inc. STN Canada 5/7/2020 Annual Management 2Approve Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Stantec Inc. STN Canada 5/7/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForTELUS Corporation T Canada 5/7/2020 Annual Management 1.1 Elect Director R.H. (Dick) Auchinleck For ForTELUS Corporation T Canada 5/7/2020 Annual Management 1.2 Elect Director Raymond T. Chan For ForTELUS Corporation T Canada 5/7/2020 Annual Management 1.3 Elect Director Stockwell Day For ForTELUS Corporation T Canada 5/7/2020 Annual Management 1.4 Elect Director Lisa de Wilde For ForTELUS Corporation T Canada 5/7/2020 Annual Management 1.5 Elect Director Darren Entwistle For ForTELUS Corporation T Canada 5/7/2020 Annual Management 1.6 Elect Director Thomas E. Flynn For ForTELUS Corporation T Canada 5/7/2020 Annual Management 1.7 Elect Director Mary Jo Haddad For ForTELUS Corporation T Canada 5/7/2020 Annual Management 1.8 Elect Director Kathy Kinloch For ForTELUS Corporation T Canada 5/7/2020 Annual Management 1.9 Elect Director Christine Magee For ForTELUS Corporation T Canada 5/7/2020 Annual Management 1.10 Elect Director John Manley For ForTELUS Corporation T Canada 5/7/2020 Annual Management 1.11 Elect Director David Mowat For ForTELUS Corporation T Canada 5/7/2020 Annual Management 1.12 Elect Director Marc Parent For ForTELUS Corporation T Canada 5/7/2020 Annual Management 1.13 Elect Director Denise Pickett For For

TELUS Corporation T Canada 5/7/2020 Annual Management 2Approve Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration For For

TELUS Corporation T Canada 5/7/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForWSP Global Inc. WSP Canada 5/7/2020 Annual Management 1.1 Elect Director Louis-Philippe Carriere For ForWSP Global Inc. WSP Canada 5/7/2020 Annual Management 1.2 Elect Director Christopher Cole For ForWSP Global Inc. WSP Canada 5/7/2020 Annual Management 1.3 Elect Director Alexandre L'Heureux For ForWSP Global Inc. WSP Canada 5/7/2020 Annual Management 1.4 Elect Director Birgit Norgaard For ForWSP Global Inc. WSP Canada 5/7/2020 Annual Management 1.5 Elect Director Suzanne Rancourt For ForWSP Global Inc. WSP Canada 5/7/2020 Annual Management 1.6 Elect Director Paul Raymond For ForWSP Global Inc. WSP Canada 5/7/2020 Annual Management 1.7 Elect Director Pierre Shoiry For ForWSP Global Inc. WSP Canada 5/7/2020 Annual Management 1.8 Elect Director Linda Smith-Galipeau For ForWSP Global Inc. WSP Canada 5/7/2020 Annual Management 2 Ratify PricewaterhouseCoopers LLP as Auditors For ForWSP Global Inc. WSP Canada 5/7/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForVerizon Communications Inc. VZ USA 5/7/2020 Annual Management 1.1 Elect Director Shellye L. Archambeau For FORVerizon Communications Inc. VZ USA 5/7/2020 Annual Management 1.2 Elect Director Mark T. Bertolini For FORVerizon Communications Inc. VZ USA 5/7/2020 Annual Management 1.3 Elect Director Vittorio Colao For FORVerizon Communications Inc. VZ USA 5/7/2020 Annual Management 1.4 Elect Director Melanie L. Healey For FORVerizon Communications Inc. VZ USA 5/7/2020 Annual Management 1.5 Elect Director Clarence Otis, Jr. For FORVerizon Communications Inc. VZ USA 5/7/2020 Annual Management 1.6 Elect Director Daniel H. Schulman For FORVerizon Communications Inc. VZ USA 5/7/2020 Annual Management 1.7 Elect Director Rodney E. Slater For FORVerizon Communications Inc. VZ USA 5/7/2020 Annual Management 1.8 Elect Director Hans E. Vestberg For FORVerizon Communications Inc. VZ USA 5/7/2020 Annual Management 1.9 Elect Director Gregory G. Weaver For FOR

Verizon Communications Inc. VZ USA 5/7/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For FOR

Verizon Communications Inc. VZ USA 5/7/2020 Annual Management 3 Ratify Ernst & Young LLP as Auditors For FOR

Verizon Communications Inc. VZ USA 5/7/2020 Annual Shareholder 4 Eliminate Above-Market Earnings in Executive Retirement Plans Against FOR

Verizon Communications Inc. VZ USA 5/7/2020 Annual Shareholder 5Reduce Ownership Threshold for Shareholders to Call Special Meeting Against FOR

Page 69: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Verizon Communications Inc. VZ USA 5/7/2020 Annual Shareholder 6 Report on Lobbying Payments and Policy Against AGAINST

Verizon Communications Inc. VZ USA 5/7/2020 Annual Shareholder 7Assess Feasibility of Data Privacy as a Performance Measure for Senior Executive Compensation Against FOR

Verizon Communications Inc. VZ USA 5/7/2020 Annual Shareholder 8Submit Severance Agreement (Change-in-Control) to Shareholder Vote Against FOR

AbbVie Inc. ABBV USA 5/8/2020 Annual Management 1.1 Elect Director Robert J. Alpern For ForAbbVie Inc. ABBV USA 5/8/2020 Annual Management 1.2 Elect Director Edward M. Liddy For ForAbbVie Inc. ABBV USA 5/8/2020 Annual Management 1.3 Elect Director Melody B. Meyer For ForAbbVie Inc. ABBV USA 5/8/2020 Annual Management 1.4 Elect Director Frederick H. Waddell For ForAbbVie Inc. ABBV USA 5/8/2020 Annual Management 2 Ratify Ernst & Young LLP as Auditors For For

AbbVie Inc. ABBV USA 5/8/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

AbbVie Inc. ABBV USA 5/8/2020 Annual Management 4 Eliminate Supermajority Vote Requirement For ForAbbVie Inc. ABBV USA 5/8/2020 Annual Shareholder 5 Report on Lobbying Payments and Policy Against ForAbbVie Inc. ABBV USA 5/8/2020 Annual Shareholder 6 Require Independent Board Chairman Against Against

AbbVie Inc. ABBV USA 5/8/2020 Annual Shareholder 7Report on Integrating Risks Related to Drug Pricing into Senior Executive Compensation Against Against

Colgate-Palmolive Company CL USA 5/8/2020 Annual Management 1a Elect Director John P. Bilbrey For ForColgate-Palmolive Company CL USA 5/8/2020 Annual Management 1b Elect Director John T. Cahill For AgainstColgate-Palmolive Company CL USA 5/8/2020 Annual Management 1c Elect Director Lisa M. Edwards For ForColgate-Palmolive Company CL USA 5/8/2020 Annual Management 1d Elect Director Helene D. Gayle For AgainstColgate-Palmolive Company CL USA 5/8/2020 Annual Management 1e Elect Director C. Martin Harris For ForColgate-Palmolive Company CL USA 5/8/2020 Annual Management 1f Elect Director Martina Hund-Mejean For ForColgate-Palmolive Company CL USA 5/8/2020 Annual Management 1g Elect Director Lorrie M. Norrington For ForColgate-Palmolive Company CL USA 5/8/2020 Annual Management 1h Elect Director Michael B. Polk For AgainstColgate-Palmolive Company CL USA 5/8/2020 Annual Management 1i Elect Director Stephen I. Sadove For AgainstColgate-Palmolive Company CL USA 5/8/2020 Annual Management 1j Elect Director Noel R. Wallace For ForColgate-Palmolive Company CL USA 5/8/2020 Annual Management 2 Ratify PricewaterhouseCoopers LLP as Auditors For For

Colgate-Palmolive Company CL USA 5/8/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Colgate-Palmolive Company CL USA 5/8/2020 Annual Shareholder 4 Require Independent Board Chairman Against For

Colgate-Palmolive Company CL USA 5/8/2020 Annual Shareholder 5Reduce Ownership Threshold for Shareholders to Call Special Meeting Against For

Morneau Shepell Inc. MSI Canada 5/8/2020 Annual/Special Management 1.1 Elect Director Luc Bachand For ForMorneau Shepell Inc. MSI Canada 5/8/2020 Annual/Special Management 1.2 Elect Director Gillian (Jill) Denham For ForMorneau Shepell Inc. MSI Canada 5/8/2020 Annual/Special Management 1.3 Elect Director Kish Kapoor For ForMorneau Shepell Inc. MSI Canada 5/8/2020 Annual/Special Management 1.4 Elect Director Ron Lalonde For ForMorneau Shepell Inc. MSI Canada 5/8/2020 Annual/Special Management 1.5 Elect Director Stephen Liptrap For ForMorneau Shepell Inc. MSI Canada 5/8/2020 Annual/Special Management 1.6 Elect Director Kevin Pennington For ForMorneau Shepell Inc. MSI Canada 5/8/2020 Annual/Special Management 1.7 Elect Director Dale Ponder For ForMorneau Shepell Inc. MSI Canada 5/8/2020 Annual/Special Management 1.8 Elect Director Michele Trogni For For

Morneau Shepell Inc. MSI Canada 5/8/2020 Annual/Special Management 2Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Morneau Shepell Inc. MSI Canada 5/8/2020 Annual/Special Management 3 Advisory Vote on Executive Compensation Approach For ForMorneau Shepell Inc. MSI Canada 5/8/2020 Annual/Special Management 4 Re-approve 2017 Long-Term Incentive Plan For For

Page 70: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Morneau Shepell Inc. MSI Canada 5/8/2020 Annual/Special Management 5 Re-approve Deferred Share Unit Plan For ForPembina Pipeline Corporation PPL Canada 5/8/2020 Annual Management 1.1 Elect Director Anne-Marie N. Ainsworth For WithholdPembina Pipeline Corporation PPL Canada 5/8/2020 Annual Management 1.2 Elect Director Michael (Mick) H. Dilger For ForPembina Pipeline Corporation PPL Canada 5/8/2020 Annual Management 1.3 Elect Director Randall J. Findlay For ForPembina Pipeline Corporation PPL Canada 5/8/2020 Annual Management 1.4 Elect Director Robert G. Gwin For ForPembina Pipeline Corporation PPL Canada 5/8/2020 Annual Management 1.5 Elect Director Maureen E. Howe For ForPembina Pipeline Corporation PPL Canada 5/8/2020 Annual Management 1.6 Elect Director Gordon J. Kerr For WithholdPembina Pipeline Corporation PPL Canada 5/8/2020 Annual Management 1.7 Elect Director David M.B. LeGresley For WithholdPembina Pipeline Corporation PPL Canada 5/8/2020 Annual Management 1.8 Elect Director Leslie A. O'Donoghue For WithholdPembina Pipeline Corporation PPL Canada 5/8/2020 Annual Management 1.9 Elect Director Bruce D. Rubin For ForPembina Pipeline Corporation PPL Canada 5/8/2020 Annual Management 1.10 Elect Director Henry W. Sykes For Withhold

Pembina Pipeline Corporation PPL Canada 5/8/2020 Annual Management 2Approve KPMG LLP Auditors and Authorize Board to Fix Their Remuneration For For

Pembina Pipeline Corporation PPL Canada 5/8/2020 Annual Management 3 Amend Bylaws For ForPembina Pipeline Corporation PPL Canada 5/8/2020 Annual Management 4 Approve Advance Notice Requirement For ForPembina Pipeline Corporation PPL Canada 5/8/2020 Annual Management 5 Advisory Vote on Executive Compensation Approach For AgainstPremium Brands Holdings Corporation PBH Canada 5/8/2020 Annual Management 1 Fix Number of Directors at Seven For ForPremium Brands Holdings Corporation PBH Canada 5/8/2020 Annual Management 2a Elect Director Sean Cheah For ForPremium Brands Holdings Corporation PBH Canada 5/8/2020 Annual Management 2b Elect Director Johnny Ciampi For ForPremium Brands Holdings Corporation PBH Canada 5/8/2020 Annual Management 2c Elect Director Bruce Hodge For ForPremium Brands Holdings Corporation PBH Canada 5/8/2020 Annual Management 2d Elect Director Kathleen Keller-Hobson For ForPremium Brands Holdings Corporation PBH Canada 5/8/2020 Annual Management 2e Elect Director Hugh McKinnon For ForPremium Brands Holdings Corporation PBH Canada 5/8/2020 Annual Management 2f Elect Director George Paleologou For ForPremium Brands Holdings Corporation PBH Canada 5/8/2020 Annual Management 2g Elect Director John Zaplatynsky For For

Premium Brands Holdings Corporation PBH Canada 5/8/2020 Annual Management 3Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Premium Brands Holdings Corporation PBH Canada 5/8/2020 Annual Management 4 Advisory Vote on Executive Compensation Approach For ForRecipe Unlimited Corporation RECP Canada 5/8/2020 Annual Management 1.1 Elect Director David Aisenstat For ForRecipe Unlimited Corporation RECP Canada 5/8/2020 Annual Management 1.2 Elect Director Christy Clark For ForRecipe Unlimited Corporation RECP Canada 5/8/2020 Annual Management 1.3 Elect Director Stephen K. Gunn For ForRecipe Unlimited Corporation RECP Canada 5/8/2020 Annual Management 1.4 Elect Director Christopher D. Hodgson For ForRecipe Unlimited Corporation RECP Canada 5/8/2020 Annual Management 1.5 Elect Director Michael J. Norris For ForRecipe Unlimited Corporation RECP Canada 5/8/2020 Annual Management 1.6 Elect Director Sean Regan For ForRecipe Unlimited Corporation RECP Canada 5/8/2020 Annual Management 1.7 Elect Director Paul Rivett For ForRecipe Unlimited Corporation RECP Canada 5/8/2020 Annual Management 1.8 Elect Director John A. Rothschild For ForRecipe Unlimited Corporation RECP Canada 5/8/2020 Annual Management 2 Ratify KPMG LLP as Auditors For ForYum China Holdings, Inc. YUMC USA 5/8/2020 Annual Management 1a Elect Director Fred Hu For ForYum China Holdings, Inc. YUMC USA 5/8/2020 Annual Management 1b Elect Director Joey Wat For ForYum China Holdings, Inc. YUMC USA 5/8/2020 Annual Management 1c Elect Director Peter A. Bassi For ForYum China Holdings, Inc. YUMC USA 5/8/2020 Annual Management 1d Elect Director Christian L. Campbell For ForYum China Holdings, Inc. YUMC USA 5/8/2020 Annual Management 1e Elect Director Ed Yiu-Cheong Chan For ForYum China Holdings, Inc. YUMC USA 5/8/2020 Annual Management 1f Elect Director Edouard Ettedgui For ForYum China Holdings, Inc. YUMC USA 5/8/2020 Annual Management 1g Elect Director Cyril Han For ForYum China Holdings, Inc. YUMC USA 5/8/2020 Annual Management 1h Elect Director Louis T. Hsieh For ForYum China Holdings, Inc. YUMC USA 5/8/2020 Annual Management 1i Elect Director Ruby Lu For For

Page 71: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Yum China Holdings, Inc. YUMC USA 5/8/2020 Annual Management 1j Elect Director Zili Shao For ForYum China Holdings, Inc. YUMC USA 5/8/2020 Annual Management 1k Elect Director William Wang For ForYum China Holdings, Inc. YUMC USA 5/8/2020 Annual Management 2 Ratify KPMG Huazhen LLP as Auditor For For

Yum China Holdings, Inc. YUMC USA 5/8/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

3M Company MMM USA 5/12/2020 Annual Management 1a Elect Director Thomas "Tony" K. Brown For For3M Company MMM USA 5/12/2020 Annual Management 1b Elect Director Pamela J. Craig For For3M Company MMM USA 5/12/2020 Annual Management 1c Elect Director David B. Dillon For For3M Company MMM USA 5/12/2020 Annual Management 1d Elect Director Michael L. Eskew For For3M Company MMM USA 5/12/2020 Annual Management 1e Elect Director Herbert L. Henkel For Against3M Company MMM USA 5/12/2020 Annual Management 1f Elect Director Amy E. Hood For Against3M Company MMM USA 5/12/2020 Annual Management 1g Elect Director Muhtar Kent For Against3M Company MMM USA 5/12/2020 Annual Management 1h Elect Director Dambisa F. Moyo For For3M Company MMM USA 5/12/2020 Annual Management 1i Elect Director Gregory R. Page For For3M Company MMM USA 5/12/2020 Annual Management 1j Elect Director Michael F. Roman For For3M Company MMM USA 5/12/2020 Annual Management 1k Elect Director Patricia A. Woertz For Against3M Company MMM USA 5/12/2020 Annual Management 2 Ratify PricewaterhouseCoopers LLP as Auditors For For

3M Company MMM USA 5/12/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For Against

3M Company MMM USA 5/12/2020 Annual Shareholder 4Consider Pay Disparity Between Executives and Other Employees Against Against

Innergex Renewable Energy Inc. INE Canada 5/12/2020 Annual/Special Management 1.1 Elect Director Jean La Couture For ForInnergex Renewable Energy Inc. INE Canada 5/12/2020 Annual/Special Management 1.2 Elect Director Ross J. Beaty For ForInnergex Renewable Energy Inc. INE Canada 5/12/2020 Annual/Special Management 1.3 Elect Director Nathalie Francisci For ForInnergex Renewable Energy Inc. INE Canada 5/12/2020 Annual/Special Management 1.4 Elect Director Richard Gagnon For ForInnergex Renewable Energy Inc. INE Canada 5/12/2020 Annual/Special Management 1.5 Elect Director Daniel Lafrance For ForInnergex Renewable Energy Inc. INE Canada 5/12/2020 Annual/Special Management 1.6 Elect Director Michel Letellier For ForInnergex Renewable Energy Inc. INE Canada 5/12/2020 Annual/Special Management 1.7 Elect Director Dalton James Patrick McGuinty For ForInnergex Renewable Energy Inc. INE Canada 5/12/2020 Annual/Special Management 1.8 Elect Director Monique Mercier For ForInnergex Renewable Energy Inc. INE Canada 5/12/2020 Annual/Special Management 1.9 Elect Director Ouma Sananikone For ForInnergex Renewable Energy Inc. INE Canada 5/12/2020 Annual/Special Management 1.10 Elect Director Louis Veci For ForInnergex Renewable Energy Inc. INE Canada 5/12/2020 Annual/Special Management 1.11 Elect Director Pierre G. Brodeur For For

Innergex Renewable Energy Inc. INE Canada 5/12/2020 Annual/Special Management 2Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Innergex Renewable Energy Inc. INE Canada 5/12/2020 Annual/Special Management 3Establish Range for Board Size (Minimum of Three to Maximum of Fourteen) For For

Innergex Renewable Energy Inc. INE Canada 5/12/2020 Annual/Special Management 4 Approve Reduction in Stated Capital For ForInnergex Renewable Energy Inc. INE Canada 5/12/2020 Annual/Special Management 5 Advisory Vote on Executive Compensation Approach For ForKeyera Corp. KEY Canada 5/12/2020 Annual Management 1 Ratify Deloitte LLP as Auditors For ForKeyera Corp. KEY Canada 5/12/2020 Annual Management 2.1 Elect Director James Bertram For ForKeyera Corp. KEY Canada 5/12/2020 Annual Management 2.2 Elect Director Blair Goertzen For ForKeyera Corp. KEY Canada 5/12/2020 Annual Management 2.3 Elect Director Douglas Haughey For ForKeyera Corp. KEY Canada 5/12/2020 Annual Management 2.4 Elect Director Gianna Manes For ForKeyera Corp. KEY Canada 5/12/2020 Annual Management 2.5 Elect Director Donald Nelson For ForKeyera Corp. KEY Canada 5/12/2020 Annual Management 2.6 Elect Director Michael Norris For For

Page 72: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Keyera Corp. KEY Canada 5/12/2020 Annual Management 2.7 Elect Director Thomas O'Connor For ForKeyera Corp. KEY Canada 5/12/2020 Annual Management 2.8 Elect Director Charlene Ripley For ForKeyera Corp. KEY Canada 5/12/2020 Annual Management 2.9 Elect Director David Smith For ForKeyera Corp. KEY Canada 5/12/2020 Annual Management 2.10 Elect Director Janet Woodruff For ForKeyera Corp. KEY Canada 5/12/2020 Annual Management 3 Approve Shareholder Rights Plan For ForKeyera Corp. KEY Canada 5/12/2020 Annual Management 4 Advisory Vote on Executive Compensation Approach For ForNielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 1a Elect Director James A. Attwood, Jr. For ForNielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 1b Elect Director Thomas H. Castro For ForNielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 1c Elect Director Guerrino De Luca For ForNielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 1d Elect Director Karen M. Hoguet For ForNielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 1e Elect Director David Kenny For ForNielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 1f Elect Director Harish Manwani For ForNielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 1g Elect Director Janice Marinelli Mazza For ForNielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 1h Elect Director Robert C. Pozen For ForNielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 1i Elect Director David Rawlinson For ForNielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 1j Elect Director Nancy Tellem For ForNielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 1k Elect Director Javier G. Teruel For ForNielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 1l Elect Director Lauren Zalaznick For ForNielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 2 Ratify Ernst & Young LLP as Auditors For For

Nielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 3 Reappoint Ernst & Young LLP as UK Statutory Auditors For For

Nielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 4Authorize the Audit Committee to Fix Remuneration of UK Statutory Auditor For For

Nielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 5Advisory Vote to Ratify Named Executive Officers' Compensation For For

Nielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 6 Approve Remuneration Report For ForNielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 7 Authorise Issue of Equity For AgainstNielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 8 Authorise Issue of Equity without Pre-emptive Rights For Against

Nielsen Holdings plc NLSN United Kingdom 5/12/2020 Annual Management 9Approve Share Repurchase Contracts and Repurchase Counterparties For For

Tyler Technologies, Inc. TYL USA 5/12/2020 Annual Management 1a Elect Director Donald R. Brattain For AgainstTyler Technologies, Inc. TYL USA 5/12/2020 Annual Management 1b Elect Director Glenn A. Carter For AgainstTyler Technologies, Inc. TYL USA 5/12/2020 Annual Management 1c Elect Director Brenda A. Cline For ForTyler Technologies, Inc. TYL USA 5/12/2020 Annual Management 1d Elect Director J. Luther King, Jr. For AgainstTyler Technologies, Inc. TYL USA 5/12/2020 Annual Management 1e Elect Director Mary L. Landrieu For ForTyler Technologies, Inc. TYL USA 5/12/2020 Annual Management 1f Elect Director John S. Marr, Jr. For ForTyler Technologies, Inc. TYL USA 5/12/2020 Annual Management 1g Elect Director H. Lynn Moore, Jr. For ForTyler Technologies, Inc. TYL USA 5/12/2020 Annual Management 1h Elect Director Daniel M. Pope For ForTyler Technologies, Inc. TYL USA 5/12/2020 Annual Management 1i Elect Director Dustin R. Womble For ForTyler Technologies, Inc. TYL USA 5/12/2020 Annual Management 2 Ratify Ernst & Young LLP as Auditors For For

Tyler Technologies, Inc. TYL USA 5/12/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Mondelez International, Inc. MDLZ USA 5/13/2020 Annual Management 1.1 Elect Director Lewis W.K. Booth For AgainstMondelez International, Inc. MDLZ USA 5/13/2020 Annual Management 1.2 Elect Director Charles E. Bunch For AgainstMondelez International, Inc. MDLZ USA 5/13/2020 Annual Management 1.3 Elect Director Debra A. Crew For For

Page 73: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Mondelez International, Inc. MDLZ USA 5/13/2020 Annual Management 1.4 Elect Director Lois D. Juliber For AgainstMondelez International, Inc. MDLZ USA 5/13/2020 Annual Management 1.5 Elect Director Peter W. May For AgainstMondelez International, Inc. MDLZ USA 5/13/2020 Annual Management 1.6 Elect Director Jorge S. Mesquita For ForMondelez International, Inc. MDLZ USA 5/13/2020 Annual Management 1.7 Elect Director Fredric G. Reynolds For ForMondelez International, Inc. MDLZ USA 5/13/2020 Annual Management 1.8 Elect Director Christiana S. Shi For ForMondelez International, Inc. MDLZ USA 5/13/2020 Annual Management 1.9 Elect Director Patrick T. Siewert For ForMondelez International, Inc. MDLZ USA 5/13/2020 Annual Management 1.10 Elect Director Michael A. Todman For ForMondelez International, Inc. MDLZ USA 5/13/2020 Annual Management 1.11 Elect Director Jean-Francois M. L. van Boxmeer For AgainstMondelez International, Inc. MDLZ USA 5/13/2020 Annual Management 1.12 Elect Director Dirk Van de Put For For

Mondelez International, Inc. MDLZ USA 5/13/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Mondelez International, Inc. MDLZ USA 5/13/2020 Annual Management 3 Ratify PricewaterhouseCoopers LLP as Auditors For For

Mondelez International, Inc. MDLZ USA 5/13/2020 Annual Shareholder 4Consider Pay Disparity Between Executives and Other Employees Against Against

Tencent Holdings Limited 700 Cayman Islands 5/13/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForTencent Holdings Limited 700 Cayman Islands 5/13/2020 Annual Management 2 Approve Final Dividend For ForTencent Holdings Limited 700 Cayman Islands 5/13/2020 Annual Management 3a Elect Lau Chi Ping Martin as Director For ForTencent Holdings Limited 700 Cayman Islands 5/13/2020 Annual Management 3b Elect Charles St Leger Searle as Director For AgainstTencent Holdings Limited 700 Cayman Islands 5/13/2020 Annual Management 3c Elect Ke Yang as Director For ForTencent Holdings Limited 700 Cayman Islands 5/13/2020 Annual Management 3d Authorize Board to Fix Remuneration of Directors For For

Tencent Holdings Limited 700 Cayman Islands 5/13/2020 Annual Management 4Approve PricewaterhouseCoopers as Auditor and Authorize Board to Fix Their Remuneration For For

Tencent Holdings Limited 700 Cayman Islands 5/13/2020 Annual Management 5Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights For Against

Tencent Holdings Limited 700 Cayman Islands 5/13/2020 Annual Management 6 Authorize Repurchase of Issued Share Capital For ForTencent Holdings Limited 700 Cayman Islands 5/13/2020 Annual Management 7 Authorize Reissuance of Repurchased Shares For Against

Tencent Holdings Limited 700 Cayman Islands 5/13/2020 Annual Management 8

Amend the Existing Amended and Restated Memorandum of Association and Articles of Association and Adopt Second Amended and Restated Memorandum of Association and Articles of Association For For

CVS Health Corporation CVS USA 5/14/2020 Annual Management 1a Elect Director Fernando Aguirre For ForCVS Health Corporation CVS USA 5/14/2020 Annual Management 1b Elect Director C. David Brown, II For AgainstCVS Health Corporation CVS USA 5/14/2020 Annual Management 1c Elect Director Alecia A. DeCoudreaux For ForCVS Health Corporation CVS USA 5/14/2020 Annual Management 1d Elect Director Nancy-Ann M. DeParle For ForCVS Health Corporation CVS USA 5/14/2020 Annual Management 1e Elect Director David W. Dorman For AgainstCVS Health Corporation CVS USA 5/14/2020 Annual Management 1f Elect Director Roger N. Farah For AgainstCVS Health Corporation CVS USA 5/14/2020 Annual Management 1g Elect Director Anne M. Finucane For AgainstCVS Health Corporation CVS USA 5/14/2020 Annual Management 1h Elect Director Edward J. Ludwig For ForCVS Health Corporation CVS USA 5/14/2020 Annual Management 1i Elect Director Larry J. Merlo For ForCVS Health Corporation CVS USA 5/14/2020 Annual Management 1j Elect Director Jean-Pierre Millon For ForCVS Health Corporation CVS USA 5/14/2020 Annual Management 1k Elect Director Mary L. Schapiro For ForCVS Health Corporation CVS USA 5/14/2020 Annual Management 1l Elect Director William C. Weldon For AgainstCVS Health Corporation CVS USA 5/14/2020 Annual Management 1m Elect Director Tony L. White For AgainstCVS Health Corporation CVS USA 5/14/2020 Annual Management 2 Ratify Ernst & Young LLP as Auditors For For

Page 74: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

CVS Health Corporation CVS USA 5/14/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For Against

CVS Health Corporation CVS USA 5/14/2020 Annual Management 4 Amend Omnibus Stock Plan For AgainstCVS Health Corporation CVS USA 5/14/2020 Annual Management 5 Amend Qualified Employee Stock Purchase Plan For ForCVS Health Corporation CVS USA 5/14/2020 Annual Shareholder 6 Amend Shareholder Written Consent Provisions Against AgainstCVS Health Corporation CVS USA 5/14/2020 Annual Shareholder 7 Require Independent Board Chairman Against ForDiscover Financial Services DFS USA 5/14/2020 Annual Management 1.1 Elect Director Jeffrey S. Aronin For ForDiscover Financial Services DFS USA 5/14/2020 Annual Management 1.2 Elect Director Mary K. Bush For ForDiscover Financial Services DFS USA 5/14/2020 Annual Management 1.3 Elect Director Gregory C. Case For ForDiscover Financial Services DFS USA 5/14/2020 Annual Management 1.4 Elect Director Candace H. Duncan For ForDiscover Financial Services DFS USA 5/14/2020 Annual Management 1.5 Elect Director Joseph F. Eazor For ForDiscover Financial Services DFS USA 5/14/2020 Annual Management 1.6 Elect Director Cynthia A. Glassman For ForDiscover Financial Services DFS USA 5/14/2020 Annual Management 1.7 Elect Director Roger C. Hochschild For ForDiscover Financial Services DFS USA 5/14/2020 Annual Management 1.8 Elect Director Thomas G. Maheras For ForDiscover Financial Services DFS USA 5/14/2020 Annual Management 1.9 Elect Director Michael H. Moskow For ForDiscover Financial Services DFS USA 5/14/2020 Annual Management 1.10 Elect Director Mark A. Thierer For For

Discover Financial Services DFS USA 5/14/2020 Annual Management 1.11 Elect Director Lawrence A. Weinbach - Withdrawn Resolution Discover Financial Services DFS USA 5/14/2020 Annual Management 1.12 Elect Director Jennifer L. Wong For For

Discover Financial Services DFS USA 5/14/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

Discover Financial Services DFS USA 5/14/2020 Annual Management 3 Ratify Deloitte & Touche LLP as Auditors For ForFiserv, Inc. FISV USA 5/14/2020 Annual Management 1.1 Elect Director Frank J. Bisignano For ForFiserv, Inc. FISV USA 5/14/2020 Annual Management 1.2 Elect Director Alison Davis For ForFiserv, Inc. FISV USA 5/14/2020 Annual Management 1.3 Elect Director Henrique de Castro For ForFiserv, Inc. FISV USA 5/14/2020 Annual Management 1.4 Elect Director Harry F. DiSimone For ForFiserv, Inc. FISV USA 5/14/2020 Annual Management 1.5 Elect Director Dennis F. Lynch For WithholdFiserv, Inc. FISV USA 5/14/2020 Annual Management 1.6 Elect Director Heidi G. Miller For ForFiserv, Inc. FISV USA 5/14/2020 Annual Management 1.7 Elect Director Scott C. Nuttall For WithholdFiserv, Inc. FISV USA 5/14/2020 Annual Management 1.8 Elect Director Denis J. O'Leary For ForFiserv, Inc. FISV USA 5/14/2020 Annual Management 1.9 Elect Director Doyle R. Simons For WithholdFiserv, Inc. FISV USA 5/14/2020 Annual Management 1.10 Elect Director Jeffery W. Yabuki For For

Fiserv, Inc. FISV USA 5/14/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Fiserv, Inc. FISV USA 5/14/2020 Annual Management 3 Ratify Deloitte & Touche LLP as Auditors For ForFiserv, Inc. FISV USA 5/14/2020 Annual Shareholder 4 Report on Political Contributions Against AgainstUni-Select Inc. UNS Canada 5/14/2020 Annual/Special Management 1.1 Elect Director Michelle Cormier For ForUni-Select Inc. UNS Canada 5/14/2020 Annual/Special Management 1.2 Elect Director Stephane Gonthier For ForUni-Select Inc. UNS Canada 5/14/2020 Annual/Special Management 1.3 Elect Director Matthew B. Kunica For ForUni-Select Inc. UNS Canada 5/14/2020 Annual/Special Management 1.4 Elect Director Chantel E. Lenard For ForUni-Select Inc. UNS Canada 5/14/2020 Annual/Special Management 1.5 Elect Director Frederick J. Mifflin For ForUni-Select Inc. UNS Canada 5/14/2020 Annual/Special Management 1.6 Elect Director Robert Molenaar For ForUni-Select Inc. UNS Canada 5/14/2020 Annual/Special Management 1.7 Elect Director Pierre A. Raymond For ForUni-Select Inc. UNS Canada 5/14/2020 Annual/Special Management 1.8 Elect Director Richard G. Roy For ForUni-Select Inc. UNS Canada 5/14/2020 Annual/Special Management 1.9 Elect Director David G. Samuel For For

Page 75: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Uni-Select Inc. UNS Canada 5/14/2020 Annual/Special Management 1.10 Elect Director Brent Windom For ForUni-Select Inc. UNS Canada 5/14/2020 Annual/Special Management 2 Ratify Ernst & Young LLP as Auditors For ForUni-Select Inc. UNS Canada 5/14/2020 Annual/Special Management 3 Amend Bylaws For For

Universal Robina Corporation URC Philippines 5/14/2020 Annual Management 1Approve the Minutes of the Annual Meeting of the Stockholders Held on May 29, 2019 For For

Universal Robina Corporation URC Philippines 5/14/2020 Annual Management 2 Approve Financial Statements For the Preceding Year For ForUniversal Robina Corporation URC Philippines 5/14/2020 Annual Management 3.1 Elect James L. Go as Director For AgainstUniversal Robina Corporation URC Philippines 5/14/2020 Annual Management 3.2 Elect Lance Y. Gokongwei as Director For AgainstUniversal Robina Corporation URC Philippines 5/14/2020 Annual Management 3.3 Elect Patrick Henry C. Go as Director For AgainstUniversal Robina Corporation URC Philippines 5/14/2020 Annual Management 3.4 Elect Johnson Robert G. Go, Jr. as Director For AgainstUniversal Robina Corporation URC Philippines 5/14/2020 Annual Management 3.5 Elect Irwin C. Lee as Director For ForUniversal Robina Corporation URC Philippines 5/14/2020 Annual Management 3.6 Elect Wilfrido E. Sanchez as Director For ForUniversal Robina Corporation URC Philippines 5/14/2020 Annual Management 3.7 Elect Cesar V. Purisima as Director For For

Universal Robina Corporation URC Philippines 5/14/2020 Annual Management 4 Appoint SyCip Gorres Velayo & Co. as External Auditor For For

Universal Robina Corporation URC Philippines 5/14/2020 Annual Management 5Ratify Acts of the Board of Directors and Its Committees, Officers and Management For For

Universal Robina Corporation URC Philippines 5/14/2020 Annual Management 6 Approve Other Matters For AgainstCrescent Point Energy Corp. CPG Canada 5/14/2020 Annual Management 1 Fix Number of Directors at Nine For ForCrescent Point Energy Corp. CPG Canada 5/14/2020 Annual Management 2.1 Elect Director Craig Bryksa For ForCrescent Point Energy Corp. CPG Canada 5/14/2020 Annual Management 2.2 Elect Director Laura A. Cillis For ForCrescent Point Energy Corp. CPG Canada 5/14/2020 Annual Management 2.3 Elect Director James E. Craddock For ForCrescent Point Energy Corp. CPG Canada 5/14/2020 Annual Management 2.4 Elect Director John P. Dielwart For ForCrescent Point Energy Corp. CPG Canada 5/14/2020 Annual Management 2.5 Elect Director Ted Goldthorpe For ForCrescent Point Energy Corp. CPG Canada 5/14/2020 Annual Management 2.6 Elect Director Mike Jackson For ForCrescent Point Energy Corp. CPG Canada 5/14/2020 Annual Management 2.7 Elect Director Jennifer F. Koury For ForCrescent Point Energy Corp. CPG Canada 5/14/2020 Annual Management 2.8 Elect Director Francois Langlois For ForCrescent Point Energy Corp. CPG Canada 5/14/2020 Annual Management 2.9 Elect Director Barbara Munroe For For

Crescent Point Energy Corp. CPG Canada 5/14/2020 Annual Management 3Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Crescent Point Energy Corp. CPG Canada 5/14/2020 Annual Management 4 Approve Reduction in Stated Capital For ForCrescent Point Energy Corp. CPG Canada 5/14/2020 Annual Management 5 Amend Restricted Share Plan For For

Crescent Point Energy Corp. CPG Canada 5/14/2020 Annual Management 6Amend Bylaws Re: Meetings of Shareholders Held through Electronic Means For For

Crescent Point Energy Corp. CPG Canada 5/14/2020 Annual Management 7 Advisory Vote on Executive Compensation Approach For ForIntel Corporation INTC USA 5/14/2020 Annual Management 1a Elect Director James J. Goetz For ForIntel Corporation INTC USA 5/14/2020 Annual Management 1b Elect Director Alyssa Henry For ForIntel Corporation INTC USA 5/14/2020 Annual Management 1c Elect Director Omar Ishrak For ForIntel Corporation INTC USA 5/14/2020 Annual Management 1d Elect Director Risa Lavizzo-Mourey For ForIntel Corporation INTC USA 5/14/2020 Annual Management 1e Elect Director Tsu-Jae King Liu For ForIntel Corporation INTC USA 5/14/2020 Annual Management 1f Elect Director Gregory D. Smith For ForIntel Corporation INTC USA 5/14/2020 Annual Management 1g Elect Director Robert 'Bob' H. Swan For ForIntel Corporation INTC USA 5/14/2020 Annual Management 1h Elect Director Andrew Wilson For ForIntel Corporation INTC USA 5/14/2020 Annual Management 1i Elect Director Frank D. Yeary For ForIntel Corporation INTC USA 5/14/2020 Annual Management 2 Ratify Ernst & Young LLP as Auditors For For

Page 76: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Intel Corporation INTC USA 5/14/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Intel Corporation INTC USA 5/14/2020 Annual Management 4 Amend Qualified Employee Stock Purchase Plan For ForIntel Corporation INTC USA 5/14/2020 Annual Shareholder 5 Provide Right to Act by Written Consent Against ForIntel Corporation INTC USA 5/14/2020 Annual Shareholder 6 Report on Global Median Gender/Racial Pay Gap Against AgainstHangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 1 Approve Annual Report and Summary For ForHangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 2 Approve Report of the Board of Directors For ForHangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 3 Approve Report of the Board of Supervisors For ForHangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 4 Approve Financial Statements For ForHangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 5 Approve Profit Distribution For ForHangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 6 Approve Internal Control Self-Evaluation Report For ForHangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 7 Approve to Appoint Auditor For ForHangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 8 Approve Related Party Transaction For ForHangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 9 Approve Application of Credit Lines For ForHangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 10 Approve Provision of Guarantee For ForHangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 11 Approve Financial Services Agreement For Against

Hangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 12 Approve Provision of Guarantee to Controlled Subsidiary For For

Hangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 13 Approve Repurchase and Cancellation of Performance Shares For ForHangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 14 Approve Foreign Exchange Hedging Transactions For For

Hangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 15

Approve to Adjust the Third Unlocking Period Performance Evaluation Benchmarking Enterprise in Connection to Performance Share Incentive Plan For For

Hangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 16Amend the Company's Performance Evaluation Indicators in Connection to Performance Share Incentive Plan For For

Hangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 17 Approve Financial Assistance Provision For For

Hangzhou Hikvision Digital Technology Co., Ltd. 002415 China 5/15/2020 Annual Management 18 Approve Provision of Guarantee by Controlled Subsidiary For ForHalliburton Company HAL USA 5/19/2020 Annual Management 1a Elect Director Abdulaziz F. Al Khayyal For ForHalliburton Company HAL USA 5/19/2020 Annual Management 1b Elect Director William E. Albrecht For ForHalliburton Company HAL USA 5/19/2020 Annual Management 1c Elect Director M. Katherine Banks For ForHalliburton Company HAL USA 5/19/2020 Annual Management 1d Elect Director Alan M. Bennett For ForHalliburton Company HAL USA 5/19/2020 Annual Management 1e Elect Director Milton Carroll For ForHalliburton Company HAL USA 5/19/2020 Annual Management 1f Elect Director Nance K. Dicciani For ForHalliburton Company HAL USA 5/19/2020 Annual Management 1g Elect Director Murry S. Gerber For ForHalliburton Company HAL USA 5/19/2020 Annual Management 1h Elect Director Patricia Hemingway Hall For ForHalliburton Company HAL USA 5/19/2020 Annual Management 1i Elect Director Robert A. Malone For ForHalliburton Company HAL USA 5/19/2020 Annual Management 1j Elect Director Jeffrey A. Miller For ForHalliburton Company HAL USA 5/19/2020 Annual Management 2 Ratify KPMG LLP as Auditor For For

Halliburton Company HAL USA 5/19/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

Halliburton Company HAL USA 5/19/2020 Annual Management 4 Amend Omnibus Stock Plan For AgainstJPMorgan Chase & Co. JPM USA 5/19/2020 Annual Management 1a Elect Director Linda B. Bammann For For

Page 77: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

JPMorgan Chase & Co. JPM USA 5/19/2020 Annual Management 1b Elect Director Stephen B. Burke For AgainstJPMorgan Chase & Co. JPM USA 5/19/2020 Annual Management 1c Elect Director Todd A. Combs For AgainstJPMorgan Chase & Co. JPM USA 5/19/2020 Annual Management 1d Elect Director James S. Crown For ForJPMorgan Chase & Co. JPM USA 5/19/2020 Annual Management 1e Elect Director James Dimon For ForJPMorgan Chase & Co. JPM USA 5/19/2020 Annual Management 1f Elect Director Timothy P. Flynn For ForJPMorgan Chase & Co. JPM USA 5/19/2020 Annual Management 1g Elect Director Mellody Hobson For ForJPMorgan Chase & Co. JPM USA 5/19/2020 Annual Management 1h Elect Director Michael A. Neal For ForJPMorgan Chase & Co. JPM USA 5/19/2020 Annual Management 1i Elect Director Lee R. Raymond For AgainstJPMorgan Chase & Co. JPM USA 5/19/2020 Annual Management 1j Elect Director Virginia M. Rometty For For

JPMorgan Chase & Co. JPM USA 5/19/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For Against

JPMorgan Chase & Co. JPM USA 5/19/2020 Annual Management 3 Ratify PricewaterhouseCoopers LLP as Auditor For ForJPMorgan Chase & Co. JPM USA 5/19/2020 Annual Shareholder 4 Require Independent Board Chair Against For

JPMorgan Chase & Co. JPM USA 5/19/2020 Annual Shareholder 5

Report on Reputational Risk Related to Canadian Oil Sands, Oil Sands Pipeline Companies and Arctic Oil and Gas Exploration and Production. Against Against

JPMorgan Chase & Co. JPM USA 5/19/2020 Annual Shareholder 6 Report on Climate Change Against AgainstJPMorgan Chase & Co. JPM USA 5/19/2020 Annual Shareholder 7 Amend Shareholder Written Consent Provisions Against AgainstJPMorgan Chase & Co. JPM USA 5/19/2020 Annual Shareholder 8 Report on Charitable Contributions Against AgainstJPMorgan Chase & Co. JPM USA 5/19/2020 Annual Shareholder 9 Report on Gender/Racial Pay Gap Against AgainstQuest Diagnostics Incorporated DGX USA 5/19/2020 Annual Management 1.1 Elect Director Vicky B. Gregg For ForQuest Diagnostics Incorporated DGX USA 5/19/2020 Annual Management 1.2 Elect Director Wright L. Lassiter, III For ForQuest Diagnostics Incorporated DGX USA 5/19/2020 Annual Management 1.3 Elect Director Timothy L. Main For ForQuest Diagnostics Incorporated DGX USA 5/19/2020 Annual Management 1.4 Elect Director Denise M. Morrison For ForQuest Diagnostics Incorporated DGX USA 5/19/2020 Annual Management 1.5 Elect Director Gary M. Pfeiffer For ForQuest Diagnostics Incorporated DGX USA 5/19/2020 Annual Management 1.6 Elect Director Timothy M. Ring For ForQuest Diagnostics Incorporated DGX USA 5/19/2020 Annual Management 1.7 Elect Director Stephen H. Rusckowski For ForQuest Diagnostics Incorporated DGX USA 5/19/2020 Annual Management 1.8 Elect Director Daniel C. Stanzione For ForQuest Diagnostics Incorporated DGX USA 5/19/2020 Annual Management 1.9 Elect Director Helen I. Torley For ForQuest Diagnostics Incorporated DGX USA 5/19/2020 Annual Management 1.10 Elect Director Gail R. Wilensky For For

Quest Diagnostics Incorporated DGX USA 5/19/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

Quest Diagnostics Incorporated DGX USA 5/19/2020 Annual Management 3 Ratify PricewaterhouseCoopers LLP as Auditors For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 2 Approve Remuneration Policy For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 3 Approve Remuneration Report For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 4 Elect Dick Boer as Director For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 5 Elect Andrew Mackenzie as Director For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 6 Elect Martina Hund-Mejean as Director For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 7 Re-elect Ben van Beurden as Director For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 8 Re-elect Neil Carson as Director For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 9 Re-elect Ann Godbehere as Director For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 10 Re-elect Euleen Goh as Director For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 11 Re-elect Charles Holliday as Director For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 12 Re-elect Catherine Hughes as Director For For

Page 78: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Royal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 13 Re-elect Sir Nigel Sheinwald as Director For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 14 Re-elect Jessica Uhl as Director For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 15 Re-elect Gerrit Zalm as Director For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 16 Reappoint Ernst & Young LLP as Auditors For For

Royal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 17 Authorise the Audit Committee to Fix Remuneration of Auditors For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 18 Authorise Issue of Equity For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 19 Authorise Issue of Equity without Pre-emptive Rights For ForRoyal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Management 20 Authorise Market Purchase of Ordinary Shares For For

Royal Dutch Shell Plc RDSB United Kingdom 5/19/2020 Annual Shareholder 21Request Shell to Set and Publish Targets for Greenhouse Gas (GHG) Emissions Against Against

BNP Paribas SA BNP France 5/19/2020 Annual Management 1 Approve Financial Statements and Statutory Reports For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 2Approve Consolidated Financial Statements and Statutory Reports For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 3 Approve Allocation of Income and Absence of Dividends For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 4 Approve Auditors' Special Report on Related-Party Transactions For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 5Authorize Repurchase of Up to 10 Percent of Issued Share Capital For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 6 Reelect Jean Lemierre as Director For ForBNP Paribas SA BNP France 5/19/2020 Annual Management 7 Reelect Jacques Aschenbroich as Director For ForBNP Paribas SA BNP France 5/19/2020 Annual Management 8 Reelect Monique Cohen as Director For ForBNP Paribas SA BNP France 5/19/2020 Annual Management 9 Reelect Daniela Schwarzer as Director For ForBNP Paribas SA BNP France 5/19/2020 Annual Management 10 Reelect Fields Wicker-Miurin as Director For ForBNP Paribas SA BNP France 5/19/2020 Annual Management 11 Approve Remuneration Policy of Directors For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 12 Approve Remuneration Policy of Chairman of the Board For ForBNP Paribas SA BNP France 5/19/2020 Annual Management 13 Approve Remuneration Policy of CEO and Vice-CEO For ForBNP Paribas SA BNP France 5/19/2020 Annual Management 14 Approve Compensation of Corporate Officers For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 15Approve Compensation of Jean Lemierre, Chairman of the Board For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 16 Approve Compensation of Jean-Laurent Bonnafe, CEO For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 17 Approve Compensation of Philippe Bordenave, Vice-CEO For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 18Approve the Overall Envelope of Compensation of Certain Senior Management, Responsible Officers and the Risk-takers For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 19

Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 1 Billion For Against

BNP Paribas SA BNP France 5/19/2020 Annual Management 20Authorize Capital Increase of Up to EUR 240 Million for Future Exchange Offers For For

Page 79: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

BNP Paribas SA BNP France 5/19/2020 Annual Management 21

Authorize Board to Set Issue Price for 10 Percent Per Year of Issued Capital Pursuant to Issue Authority without Preemptive Rights For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 22Set Total Limit for Capital Increase to Result from Issuance Requests Under Items 20-21 at EUR 240 Million For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 23Authorize Capitalization of Reserves of Up to EUR 1 Billion for Bonus Issue or Increase in Par Value For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 24Set Total Limit for Capital Increase to Result from Issuance Requests Under Items 19-21 at EUR 1 Billion For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 25Authorize Capital Issuances for Use in Employee Stock Purchase Plans For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 26Authorize Decrease in Share Capital via Cancellation of Repurchased Shares For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 27Amend Article 7 of Bylaws Re: Employee Shareholder Representative For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 28Amend Article 15 of Bylaws Re: Board Members Deliberation via Written Consultation For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 29Amend Articles 7, 10, 11, 19 of Bylaws to Comply with Legal Changes For For

BNP Paribas SA BNP France 5/19/2020 Annual Management 30 Authorize Filing of Required Documents/Other Formalities For ForAmerican Financial Group, Inc. AFG USA 5/20/2020 Annual Management 1.1 Elect Director Carl H. Lindner, III For ForAmerican Financial Group, Inc. AFG USA 5/20/2020 Annual Management 1.2 Elect Director S. Craig Lindner For ForAmerican Financial Group, Inc. AFG USA 5/20/2020 Annual Management 1.3 Elect Director Kenneth C. Ambrecht For ForAmerican Financial Group, Inc. AFG USA 5/20/2020 Annual Management 1.4 Elect Director John B. Berding For ForAmerican Financial Group, Inc. AFG USA 5/20/2020 Annual Management 1.5 Elect Director Joseph E. (Jeff) Consolino For ForAmerican Financial Group, Inc. AFG USA 5/20/2020 Annual Management 1.6 Elect Director Virginia C. "Gina" Drosos For ForAmerican Financial Group, Inc. AFG USA 5/20/2020 Annual Management 1.7 Elect Director James E. Evans For ForAmerican Financial Group, Inc. AFG USA 5/20/2020 Annual Management 1.8 Elect Director Terry S. Jacobs For ForAmerican Financial Group, Inc. AFG USA 5/20/2020 Annual Management 1.9 Elect Director Gregory G. Joseph For ForAmerican Financial Group, Inc. AFG USA 5/20/2020 Annual Management 1.10 Elect Director Mary Beth Martin For ForAmerican Financial Group, Inc. AFG USA 5/20/2020 Annual Management 1.11 Elect Director William W. Verity For ForAmerican Financial Group, Inc. AFG USA 5/20/2020 Annual Management 1.12 Elect Director John I. Von Lehman For ForAmerican Financial Group, Inc. AFG USA 5/20/2020 Annual Management 2 Ratify Ernst & Young LLP as Auditors For For

American Financial Group, Inc. AFG USA 5/20/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

Chubb Limited CB Switzerland 5/20/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 2.1 Allocate Disposable Profit For For

Chubb Limited CB Switzerland 5/20/2020 Annual Management 2.2Approve Dividend Distribution From Legal Reserves Through Capital Contributions Reserve Subaccount For For

Chubb Limited CB Switzerland 5/20/2020 Annual Management 3 Approve Discharge of Board of Directors For For

Chubb Limited CB Switzerland 5/20/2020 Annual Management 4.1 Ratify PricewaterhouseCoopers AG (Zurich) as Statutory Auditor For For

Page 80: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Chubb Limited CB Switzerland 5/20/2020 Annual Management 4.2Ratify PricewaterhouseCoopers LLP (United States) as Independent Registered Accounting Firm For For

Chubb Limited CB Switzerland 5/20/2020 Annual Management 4.3 Ratify BDO AG (Zurich) as Special Audit Firm For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 5.1 Elect Director Evan G. Greenberg For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 5.2 Elect Director Michael G. Atieh For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 5.3 Elect Director Sheila P. Burke For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 5.4 Elect Director James I. Cash For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 5.5 Elect Director Mary Cirillo For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 5.6 Elect Director Michael P. Connors For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 5.7 Elect Director John A. Edwardson For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 5.8 Elect Director Robert J. Hugin For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 5.9 Elect Director Robert W. Scully For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 5.10 Elect Director Eugene B. Shanks, Jr. For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 5.11 Elect Director Theodore E. Shasta For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 5.12 Elect Director David H. Sidwell For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 5.13 Elect Director Olivier Steimer For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 5.14 Elect Director Frances F. Townsend For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 6 Elect Evan G. Greenberg as Board Chairman For Against

Chubb Limited CB Switzerland 5/20/2020 Annual Management 7.1Elect Michael P. Connors as Member of the Compensation Committee For For

Chubb Limited CB Switzerland 5/20/2020 Annual Management 7.2 Elect Mary Cirillo as Member of the Compensation Committee For For

Chubb Limited CB Switzerland 5/20/2020 Annual Management 7.3Elect John A. Edwardson as Member of the Compensation Committee For For

Chubb Limited CB Switzerland 5/20/2020 Annual Management 7.4Elect Frances F. Townsend as Member of the Compensation Committee For For

Chubb Limited CB Switzerland 5/20/2020 Annual Management 8 Designate Homburger AG as Independent Proxy For ForChubb Limited CB Switzerland 5/20/2020 Annual Management 9 Issue Shares Without Preemptive Rights For For

Chubb Limited CB Switzerland 5/20/2020 Annual Management 10Approve CHF 52,613,190.00 Reduction in Share Capital via Cancellation in Nominal Value of CHF 24.15 each For For

Chubb Limited CB Switzerland 5/20/2020 Annual Management 11.1 Approve the Maximum Aggregate Remuneration of Directors For For

Chubb Limited CB Switzerland 5/20/2020 Annual Management 11.2Approve Remuneration of Executive Management in the Amount of USD 46 Million for Fiscal 2021 For For

Chubb Limited CB Switzerland 5/20/2020 Annual Management 12Advisory Vote to Ratify Named Executive Officers' Compensation For For

Chubb Limited CB Switzerland 5/20/2020 Annual Management 13 Transact Other Business (Voting) For ForMeituan Dianping 3690 Cayman Islands 5/20/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForMeituan Dianping 3690 Cayman Islands 5/20/2020 Annual Management 2 Elect Orr Gordon Robert Halyburton as Director For ForMeituan Dianping 3690 Cayman Islands 5/20/2020 Annual Management 3 Elect Leng Xuesong as Director For ForMeituan Dianping 3690 Cayman Islands 5/20/2020 Annual Management 4 Elect Shum Heung Yeung Harry as Director For ForMeituan Dianping 3690 Cayman Islands 5/20/2020 Annual Management 5 Authorize Board to Fix Remuneration of Directors For For

Meituan Dianping 3690 Cayman Islands 5/20/2020 Annual Management 6Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights For Against

Page 81: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Meituan Dianping 3690 Cayman Islands 5/20/2020 Annual Management 7 Authorize Repurchase of Issued Share Capital For ForMeituan Dianping 3690 Cayman Islands 5/20/2020 Annual Management 8 Authorize Reissuance of Repurchased Shares For Against

Meituan Dianping 3690 Cayman Islands 5/20/2020 Annual Management 9Approve PricewaterhouseCoopers as Auditor and Authorize Board to Fix Their Remuneration For For

SAP SE SAP Germany 5/20/2020 Annual Management 1Receive Financial Statements and Statutory Reports for Fiscal 2019 (Non-Voting)

SAP SE SAP Germany 5/20/2020 Annual Management 2Approve Allocation of Income and Dividends of EUR 1.58 per Share For For

SAP SE SAP Germany 5/20/2020 Annual Management 3 Approve Discharge of Management Board for Fiscal 2019 For For

SAP SE SAP Germany 5/20/2020 Annual Management 4 Approve Discharge of Supervisory Board for Fiscal 2019 For ForSAP SE SAP Germany 5/20/2020 Annual Management 5 Ratify KPMG AG as Auditors for Fiscal 2020 For For

SAP SE SAP Germany 5/20/2020 Annual Management 6.1Approve Creation of EUR 250 Million Pool of Capital with Preemptive Rights For For

SAP SE SAP Germany 5/20/2020 Annual Management 6.2Approve Creation of EUR 250 Million Pool of Capital with Partial Exclusion of Preemptive Rights For For

SAP SE SAP Germany 5/20/2020 Annual Management 7 Approve Remuneration Policy for the Management Board For For

SAP SE SAP Germany 5/20/2020 Annual Management 8 Approve Remuneration Policy for the Supervisory Board For ForVerisk Analytics, Inc. VRSK USA 5/20/2020 Annual Management 1a Elect Director Christopher M. Foskett For ForVerisk Analytics, Inc. VRSK USA 5/20/2020 Annual Management 1b Elect Director David B. Wright For AgainstVerisk Analytics, Inc. VRSK USA 5/20/2020 Annual Management 1c Elect Director Annell R. Bay For Against

Verisk Analytics, Inc. VRSK USA 5/20/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Verisk Analytics, Inc. VRSK USA 5/20/2020 Annual Management 3 Ratify Deloitte & Touche LLP as Auditors For ForZoetis Inc. ZTS USA 5/20/2020 Annual Management 1a Elect Director Gregory Norden For ForZoetis Inc. ZTS USA 5/20/2020 Annual Management 1b Elect Director Louise M. Parent For ForZoetis Inc. ZTS USA 5/20/2020 Annual Management 1c Elect Director Kristin C. Peck For ForZoetis Inc. ZTS USA 5/20/2020 Annual Management 1d Elect Director Robert W. Scully For For

Zoetis Inc. ZTS USA 5/20/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

Zoetis Inc. ZTS USA 5/20/2020 Annual Management 3 Advisory Vote on Say on Pay Frequency One Year One YearZoetis Inc. ZTS USA 5/20/2020 Annual Management 4 Ratify KPMG LLP as Auditor For ForHengan International Group Company Limited 1044 Cayman Islands 5/21/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForHengan International Group Company Limited 1044 Cayman Islands 5/21/2020 Annual Management 2 Approve Final Dividend For ForHengan International Group Company Limited 1044 Cayman Islands 5/21/2020 Annual Management 3 Elect Hui Lin Chit as Director For AgainstHengan International Group Company Limited 1044 Cayman Islands 5/21/2020 Annual Management 4 Elect Hung Ching Shan as Director For AgainstHengan International Group Company Limited 1044 Cayman Islands 5/21/2020 Annual Management 5 Elect Xu Shui Shen as Director For AgainstHengan International Group Company Limited 1044 Cayman Islands 5/21/2020 Annual Management 6 Elect Xu Chun Man as Director For AgainstHengan International Group Company Limited 1044 Cayman Islands 5/21/2020 Annual Management 7 Elect Chan Henry as Director For AgainstHengan International Group Company Limited 1044 Cayman Islands 5/21/2020 Annual Management 8 Authorize Board to Fix Remuneration of Directors For For

Hengan International Group Company Limited 1044 Cayman Islands 5/21/2020 Annual Management 9Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration For Against

Page 82: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Hengan International Group Company Limited 1044 Cayman Islands 5/21/2020 Annual Management 10Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights For Against

Hengan International Group Company Limited 1044 Cayman Islands 5/21/2020 Annual Management 11 Authorize Repurchase of Issued Share Capital For ForHengan International Group Company Limited 1044 Cayman Islands 5/21/2020 Annual Management 12 Authorize Reissuance of Repurchased Shares For AgainstIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 2 Approve Remuneration Policy For AgainstIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 3 Approve Remuneration Report For AgainstIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 4 Approve Final Dividend For ForIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 5 Re-elect Sir David Reid as Director For ForIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 6 Re-elect Andre Lacroix as Director For ForIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 7 Re-elect Ross McCluskey as Director For ForIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 8 Re-elect Graham Allan as Director For AgainstIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 9 Re-elect Gurnek Bains as Director For AgainstIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 10 Re-elect Dame Louise Makin as Director For ForIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 11 Re-elect Andrew Martin as Director For AgainstIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 12 Re-elect Gill Rider as Director For AgainstIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 13 Re-elect Jean-Michel Valette as Director For ForIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 14 Re-elect Lena Wilson as Director For ForIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 15 Reappoint PricewaterhouseCoopers LLP as Auditors For For

Intertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 16 Authorise the Audit Committee to Fix Remuneration of Auditors For ForIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 17 Authorise Issue of Equity For ForIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 18 Authorise EU Political Donations and Expenditure For ForIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 19 Approve Long Term Incentive Plan For ForIntertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 20 Authorise Issue of Equity without Pre-emptive Rights For For

Intertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 21Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment For For

Intertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 22 Authorise Market Purchase of Ordinary Shares For For

Intertek Group Plc ITRK United Kingdom 5/21/2020 Annual Management 23Authorise the Company to Call General Meeting with Two Weeks' Notice For For

McDonald's Corporation MCD USA 5/21/2020 Annual Management 1a Elect Director Lloyd Dean For ForMcDonald's Corporation MCD USA 5/21/2020 Annual Management 1b Elect Director Robert Eckert For ForMcDonald's Corporation MCD USA 5/21/2020 Annual Management 1c Elect Director Catherine Engelbert For ForMcDonald's Corporation MCD USA 5/21/2020 Annual Management 1d Elect Director Margaret Georgiadis For ForMcDonald's Corporation MCD USA 5/21/2020 Annual Management 1e Elect Director Enrique Hernandez, Jr. For ForMcDonald's Corporation MCD USA 5/21/2020 Annual Management 1f Elect Director Christopher Kempczinski For ForMcDonald's Corporation MCD USA 5/21/2020 Annual Management 1g Elect Director Richard Lenny For ForMcDonald's Corporation MCD USA 5/21/2020 Annual Management 1h Elect Director John Mulligan For ForMcDonald's Corporation MCD USA 5/21/2020 Annual Management 1i Elect Director Sheila Penrose For ForMcDonald's Corporation MCD USA 5/21/2020 Annual Management 1j Elect Director John Rogers, Jr. For ForMcDonald's Corporation MCD USA 5/21/2020 Annual Management 1k Elect Director Paul Walsh For ForMcDonald's Corporation MCD USA 5/21/2020 Annual Management 1l Elect Director Miles White For For

McDonald's Corporation MCD USA 5/21/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

Page 83: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

McDonald's Corporation MCD USA 5/21/2020 Annual Management 3 Ratify Ernst & Young LLP as Auditors For ForMcDonald's Corporation MCD USA 5/21/2020 Annual Management 4 Amend Omnibus Stock Plan For For

McDonald's Corporation MCD USA 5/21/2020 Annual Shareholder 5Reduce Ownership Threshold for Shareholders to Call Special Meeting Against For

McDonald's Corporation MCD USA 5/21/2020 Annual Shareholder 6 Report on Sugar and Public Health Against AgainstSleep Country Canada Holdings Inc. ZZZ Canada 5/21/2020 Annual/Special Management 1 Fix Number of Directors at Eight For ForSleep Country Canada Holdings Inc. ZZZ Canada 5/21/2020 Annual/Special Management 2.1 Elect Director Christine Magee For WithholdSleep Country Canada Holdings Inc. ZZZ Canada 5/21/2020 Annual/Special Management 2.2 Elect Director David Friesema For ForSleep Country Canada Holdings Inc. ZZZ Canada 5/21/2020 Annual/Special Management 2.3 Elect Director Douglas Bradley For ForSleep Country Canada Holdings Inc. ZZZ Canada 5/21/2020 Annual/Special Management 2.4 Elect Director John Cassaday For ForSleep Country Canada Holdings Inc. ZZZ Canada 5/21/2020 Annual/Special Management 2.5 Elect Director Zabeen Hirji For ForSleep Country Canada Holdings Inc. ZZZ Canada 5/21/2020 Annual/Special Management 2.6 Elect Director Andrew Moor For ForSleep Country Canada Holdings Inc. ZZZ Canada 5/21/2020 Annual/Special Management 2.7 Elect Director Stacey Mowbray For ForSleep Country Canada Holdings Inc. ZZZ Canada 5/21/2020 Annual/Special Management 2.8 Elect Director David Shaw For For

Sleep Country Canada Holdings Inc. ZZZ Canada 5/21/2020 Annual/Special Management 3Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Sleep Country Canada Holdings Inc. ZZZ Canada 5/21/2020 Annual/Special Management 4 Advisory Vote on Executive Compensation Approach For ForSleep Country Canada Holdings Inc. ZZZ Canada 5/21/2020 Annual/Special Management 5 Amend Security-Based Compensation Arrangements For ForSleep Country Canada Holdings Inc. ZZZ Canada 5/21/2020 Annual/Special Management 6 Amend Long Term Incentive Plan For ForSleep Country Canada Holdings Inc. ZZZ Canada 5/21/2020 Annual/Special Management 7 Amend Stock Option Plan For ForTowngas China Company Limited 1083 Cayman Islands 5/21/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForTowngas China Company Limited 1083 Cayman Islands 5/21/2020 Annual Management 2a Elect Alfred Chan Wing-kin as Director For AgainstTowngas China Company Limited 1083 Cayman Islands 5/21/2020 Annual Management 2b Elect Martin Kee Wai-ngai as Director For AgainstTowngas China Company Limited 1083 Cayman Islands 5/21/2020 Annual Management 2c Elect Moses Cheng Mo-chi as Director For AgainstTowngas China Company Limited 1083 Cayman Islands 5/21/2020 Annual Management 3 Authorize Board to Fix Remuneration of Directors For For

Towngas China Company Limited 1083 Cayman Islands 5/21/2020 Annual Management 4Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration For For

Towngas China Company Limited 1083 Cayman Islands 5/21/2020 Annual Management 5 Authorize Repurchase of Issued Share Capital For For

Towngas China Company Limited 1083 Cayman Islands 5/21/2020 Annual Management 6Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights For Against

Towngas China Company Limited 1083 Cayman Islands 5/21/2020 Annual Management 7 Authorize Reissuance of Repurchased Shares For AgainstTowngas China Company Limited 1083 Cayman Islands 5/21/2020 Annual Management 8 Approve Final Dividend For ForThe Home Depot, Inc. HD USA 5/21/2020 Annual Management 1a Elect Director Gerard J. Arpey For ForThe Home Depot, Inc. HD USA 5/21/2020 Annual Management 1b Elect Director Ari Bousbib For ForThe Home Depot, Inc. HD USA 5/21/2020 Annual Management 1c Elect Director Jeffery H. Boyd For ForThe Home Depot, Inc. HD USA 5/21/2020 Annual Management 1d Elect Director Gregory D. Brenneman For ForThe Home Depot, Inc. HD USA 5/21/2020 Annual Management 1e Elect Director J. Frank Brown For ForThe Home Depot, Inc. HD USA 5/21/2020 Annual Management 1f Elect Director Albert P. Carey For ForThe Home Depot, Inc. HD USA 5/21/2020 Annual Management 1g Elect Director Helena B. Foulkes For ForThe Home Depot, Inc. HD USA 5/21/2020 Annual Management 1h Elect Director Linda R. Gooden For ForThe Home Depot, Inc. HD USA 5/21/2020 Annual Management 1i Elect Director Wayne M. Hewett For ForThe Home Depot, Inc. HD USA 5/21/2020 Annual Management 1j Elect Director Manuel Kadre For ForThe Home Depot, Inc. HD USA 5/21/2020 Annual Management 1k Elect Director Stephanie C. Linnartz For ForThe Home Depot, Inc. HD USA 5/21/2020 Annual Management 1l Elect Director Craig A. Menear For ForThe Home Depot, Inc. HD USA 5/21/2020 Annual Management 2 Ratify KPMG LLP as Auditors For For

Page 84: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

The Home Depot, Inc. HD USA 5/21/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

The Home Depot, Inc. HD USA 5/21/2020 Annual Shareholder 4 Amend Shareholder Written Consent Provisions Against Against

The Home Depot, Inc. HD USA 5/21/2020 Annual Shareholder 5Prepare Employment Diversity Report and Report on Diversity Policies Against For

The Home Depot, Inc. HD USA 5/21/2020 Annual Shareholder 6 Adopt Share Retention Policy For Senior Executives Against Against

The Home Depot, Inc. HD USA 5/21/2020 Annual Shareholder 7Report on Congruency Political Analysis and Electioneering Expenditures Against For

The Travelers Companies, Inc. TRV USA 5/21/2020 Annual Management 1a Elect Director Alan L. Beller For ForThe Travelers Companies, Inc. TRV USA 5/21/2020 Annual Management 1b Elect Director Janet M. Dolan For ForThe Travelers Companies, Inc. TRV USA 5/21/2020 Annual Management 1c Elect Director Patricia L. Higgins For ForThe Travelers Companies, Inc. TRV USA 5/21/2020 Annual Management 1d Elect Director William J. Kane For ForThe Travelers Companies, Inc. TRV USA 5/21/2020 Annual Management 1e Elect Director Clarence Otis, Jr. For ForThe Travelers Companies, Inc. TRV USA 5/21/2020 Annual Management 1f Elect Director Elizabeth E. Robinson For ForThe Travelers Companies, Inc. TRV USA 5/21/2020 Annual Management 1g Elect Director Philip T. (Pete) Ruegger, III For ForThe Travelers Companies, Inc. TRV USA 5/21/2020 Annual Management 1h Elect Director Todd C. Schermerhorn For ForThe Travelers Companies, Inc. TRV USA 5/21/2020 Annual Management 1i Elect Director Alan D. Schnitzer For ForThe Travelers Companies, Inc. TRV USA 5/21/2020 Annual Management 1j Elect Director Donald J. Shepard For ForThe Travelers Companies, Inc. TRV USA 5/21/2020 Annual Management 1k Elect Director Laurie J. Thomsen For ForThe Travelers Companies, Inc. TRV USA 5/21/2020 Annual Management 2 Ratify KPMG LLP as Auditors For For

The Travelers Companies, Inc. TRV USA 5/21/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

DIRTT Environmental Solutions Ltd. DRT Canada 5/22/2020 Annual/Special Management 1.1 Elect Director Wayne T. Boulais For ForDIRTT Environmental Solutions Ltd. DRT Canada 5/22/2020 Annual/Special Management 1.2 Elect Director John (Jack) F. Elliott For WithholdDIRTT Environmental Solutions Ltd. DRT Canada 5/22/2020 Annual/Special Management 1.3 Elect Director Denise E. Karkkainen For WithholdDIRTT Environmental Solutions Ltd. DRT Canada 5/22/2020 Annual/Special Management 1.4 Elect Director Todd W. Lillibridge For WithholdDIRTT Environmental Solutions Ltd. DRT Canada 5/22/2020 Annual/Special Management 1.5 Elect Director Christine E. McGinley For ForDIRTT Environmental Solutions Ltd. DRT Canada 5/22/2020 Annual/Special Management 1.6 Elect Director Kevin P. O'Meara For ForDIRTT Environmental Solutions Ltd. DRT Canada 5/22/2020 Annual/Special Management 1.7 Elect Director Steven E. Parry For Withhold

DIRTT Environmental Solutions Ltd. DRT Canada 5/22/2020 Annual/Special Management 2Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

DIRTT Environmental Solutions Ltd. DRT Canada 5/22/2020 Annual/Special Management 3 Amend Bylaws to Increase Quorum Requirement For ForDIRTT Environmental Solutions Ltd. DRT Canada 5/22/2020 Annual/Special Management 4 Approve Omnibus Stock Plan For AgainstChina Unicom (Hong Kong) Limited 762 Hong Kong 5/25/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForChina Unicom (Hong Kong) Limited 762 Hong Kong 5/25/2020 Annual Management 2 Approve Final Dividend For ForChina Unicom (Hong Kong) Limited 762 Hong Kong 5/25/2020 Annual Management 3.1a Elect Li Fushen as Director For ForChina Unicom (Hong Kong) Limited 762 Hong Kong 5/25/2020 Annual Management 3.1b Elect Fan Yunjun as Director For ForChina Unicom (Hong Kong) Limited 762 Hong Kong 5/25/2020 Annual Management 3.1c Elect Law Fan Chiu Fun Fanny as Director For ForChina Unicom (Hong Kong) Limited 762 Hong Kong 5/25/2020 Annual Management 3.2 Authorize Board to Fix Remuneration of Directors For For

China Unicom (Hong Kong) Limited 762 Hong Kong 5/25/2020 Annual Management 4

Approve KPMG and KPMG Huazhen LLP as Auditors of the Group for Hong Kong Financial Reporting and U.S. Financial Reporting Purposes and Authorize Board to Fix Their Remuneration For For

China Unicom (Hong Kong) Limited 762 Hong Kong 5/25/2020 Annual Management 5 Authorize Repurchase of Issued Share Capital For For

Page 85: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

China Unicom (Hong Kong) Limited 762 Hong Kong 5/25/2020 Annual Management 6Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights For Against

China Unicom (Hong Kong) Limited 762 Hong Kong 5/25/2020 Annual Management 7 Authorize Reissuance of Repurchased Shares For Against

RELX Plc REL United Kingdom 5/26/2020 Special Management 1Approve Increase in Borrowing Limit Under the Company's Articles of Association For For

West Fraser Timber Co. Ltd. WFT Canada 5/26/2020 Annual Management 1.1 Elect Director Henry H. (Hank) Ketcham For ForWest Fraser Timber Co. Ltd. WFT Canada 5/26/2020 Annual Management 1.2 Elect Director Reid E. Carter For ForWest Fraser Timber Co. Ltd. WFT Canada 5/26/2020 Annual Management 1.3 Elect Director Raymond Ferris For ForWest Fraser Timber Co. Ltd. WFT Canada 5/26/2020 Annual Management 1.4 Elect Director John N. Floren For ForWest Fraser Timber Co. Ltd. WFT Canada 5/26/2020 Annual Management 1.5 Elect Director Brian G. Kenning For ForWest Fraser Timber Co. Ltd. WFT Canada 5/26/2020 Annual Management 1.6 Elect Director John K. Ketcham For ForWest Fraser Timber Co. Ltd. WFT Canada 5/26/2020 Annual Management 1.7 Elect Director Gerald J. (Gerry) Miller For ForWest Fraser Timber Co. Ltd. WFT Canada 5/26/2020 Annual Management 1.8 Elect Director Robert L. Phillips For ForWest Fraser Timber Co. Ltd. WFT Canada 5/26/2020 Annual Management 1.9 Elect Director Janice G. Rennie For ForWest Fraser Timber Co. Ltd. WFT Canada 5/26/2020 Annual Management 1.1 Elect Director Gillian D. Winckler For For

West Fraser Timber Co. Ltd. WFT Canada 5/26/2020 Annual Management 2Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

West Fraser Timber Co. Ltd. WFT Canada 5/26/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForWest Fraser Timber Co. Ltd. WFT Canada 5/26/2020 Annual Management 4 Approve Shareholder Rights Plan For ForAmazon.com, Inc. AMZN USA 5/27/2020 Annual Management 1a Elect Director Jeffrey P. Bezos For ForAmazon.com, Inc. AMZN USA 5/27/2020 Annual Management 1b Elect Director Rosalind G. Brewer For ForAmazon.com, Inc. AMZN USA 5/27/2020 Annual Management 1c Elect Director Jamie S. Gorelick For ForAmazon.com, Inc. AMZN USA 5/27/2020 Annual Management 1d Elect Director Daniel P. Huttenlocher For ForAmazon.com, Inc. AMZN USA 5/27/2020 Annual Management 1e Elect Director Judith A. McGrath For ForAmazon.com, Inc. AMZN USA 5/27/2020 Annual Management 1f Elect Director Indra K. Nooyi For ForAmazon.com, Inc. AMZN USA 5/27/2020 Annual Management 1g Elect Director Jonathan J. Rubinstein For ForAmazon.com, Inc. AMZN USA 5/27/2020 Annual Management 1h Elect Director Thomas O. Ryder For ForAmazon.com, Inc. AMZN USA 5/27/2020 Annual Management 1i Elect Director Patricia Q. Stonesifer For ForAmazon.com, Inc. AMZN USA 5/27/2020 Annual Management 1j Elect Director Wendell P. Weeks For ForAmazon.com, Inc. AMZN USA 5/27/2020 Annual Management 2 Ratify Ernst & Young LLP as Auditor For For

Amazon.com, Inc. AMZN USA 5/27/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

Amazon.com, Inc. AMZN USA 5/27/2020 Annual Management 4Reduce Ownership Threshold for Shareholders to Call Special Meeting For For

Amazon.com, Inc. AMZN USA 5/27/2020 Annual Shareholder 5 Report on Management of Food Waste Against For

Amazon.com, Inc. AMZN USA 5/27/2020 Annual Shareholder 6Report on Customers' Use of its Surveillance and Computer Vision Products or Cloud-Based Services Against For

Amazon.com, Inc. AMZN USA 5/27/2020 Annual Shareholder 7Report on Potential Human Rights Impacts of Customers' Use of Rekognition Against Against

Amazon.com, Inc. AMZN USA 5/27/2020 Annual Shareholder 8Report on Products Promoting Hate Speech and Sales of Offensive Products Against Against

Amazon.com, Inc. AMZN USA 5/27/2020 Annual Shareholder 9 Require Independent Board Chairman Against ForAmazon.com, Inc. AMZN USA 5/27/2020 Annual Shareholder 10 Report on Global Median Gender/Racial Pay Gap Against Against

Amazon.com, Inc. AMZN USA 5/27/2020 Annual Shareholder 11Report on Reducing Environmental and Health Harms to Communities of Color Against Against

Page 86: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Amazon.com, Inc. AMZN USA 5/27/2020 Annual Shareholder 12 Report on Viewpoint Discrimination Against AgainstAmazon.com, Inc. AMZN USA 5/27/2020 Annual Shareholder 13 Report on Promotion Velocity Against AgainstAmazon.com, Inc. AMZN USA 5/27/2020 Annual Shareholder 15 Human Rights Risk Assessment Against ForAmazon.com, Inc. AMZN USA 5/27/2020 Annual Shareholder 16 Report on Lobbying Payments and Policy Against AgainstChevron Corporation CVX USA 5/27/2020 Annual Management 1a Elect Director Wanda M. Austin For ForChevron Corporation CVX USA 5/27/2020 Annual Management 1b Elect Director John B. Frank For ForChevron Corporation CVX USA 5/27/2020 Annual Management 1c Elect Director Alice P. Gast For ForChevron Corporation CVX USA 5/27/2020 Annual Management 1d Elect Director Enrique Hernandez, Jr. For ForChevron Corporation CVX USA 5/27/2020 Annual Management 1e Elect Director Charles W. Moorman, IV For ForChevron Corporation CVX USA 5/27/2020 Annual Management 1f Elect Director Dambisa F. Moyo For ForChevron Corporation CVX USA 5/27/2020 Annual Management 1g Elect Director Debra Reed-Klages For ForChevron Corporation CVX USA 5/27/2020 Annual Management 1h Elect Director Ronald D. Sugar For ForChevron Corporation CVX USA 5/27/2020 Annual Management 1i Elect Director D. James Umpleby, III For ForChevron Corporation CVX USA 5/27/2020 Annual Management 1j Elect Director Michael K. Wirth For ForChevron Corporation CVX USA 5/27/2020 Annual Management 2 Ratify PricewaterhouseCoopers LLP as Auditors For For

Chevron Corporation CVX USA 5/27/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

Chevron Corporation CVX USA 5/27/2020 Annual Shareholder 4 Report on Lobbying Payments and Policy Against ForChevron Corporation CVX USA 5/27/2020 Annual Shareholder 5 Establish Board Committee on Climate Risk Against Against

Chevron Corporation CVX USA 5/27/2020 Annual Shareholder 6Report on Climate Lobbying Aligned with Paris Agreement Goals Against For

Chevron Corporation CVX USA 5/27/2020 Annual Shareholder 7 Report on Petrochemical Risk Against AgainstChevron Corporation CVX USA 5/27/2020 Annual Shareholder 8 Report on Human Rights Practices Against Against

Chevron Corporation CVX USA 5/27/2020 Annual Shareholder 9Reduce Ownership Threshold for Shareholders to Call Special Meeting Against For

Chevron Corporation CVX USA 5/27/2020 Annual Shareholder 10 Require Independent Board Chair Against ForExxon Mobil Corporation XOM USA 5/27/2020 Annual Management 1.1 Elect Director Susan K. Avery For ForExxon Mobil Corporation XOM USA 5/27/2020 Annual Management 1.2 Elect Director Angela F. Braly For ForExxon Mobil Corporation XOM USA 5/27/2020 Annual Management 1.3 Elect Director Ursula M. Burns For ForExxon Mobil Corporation XOM USA 5/27/2020 Annual Management 1.4 Elect Director Kenneth C. Frazier For ForExxon Mobil Corporation XOM USA 5/27/2020 Annual Management 1.5 Elect Director Joseph L. Hooley For ForExxon Mobil Corporation XOM USA 5/27/2020 Annual Management 1.6 Elect Director Steven A. Kandarian For ForExxon Mobil Corporation XOM USA 5/27/2020 Annual Management 1.7 Elect Director Douglas R. Oberhelman For ForExxon Mobil Corporation XOM USA 5/27/2020 Annual Management 1.8 Elect Director Samuel J. Palmisano For ForExxon Mobil Corporation XOM USA 5/27/2020 Annual Management 1.9 Elect Director William C. Weldon For ForExxon Mobil Corporation XOM USA 5/27/2020 Annual Management 1.10 Elect Director Darren W. Woods For ForExxon Mobil Corporation XOM USA 5/27/2020 Annual Management 2 Ratify PricewaterhouseCoopers LLP as Auditor For For

Exxon Mobil Corporation XOM USA 5/27/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

Exxon Mobil Corporation XOM USA 5/27/2020 Annual Shareholder 4 Require Independent Board Chair Against For

Exxon Mobil Corporation XOM USA 5/27/2020 Annual Shareholder 5Reduce Ownership Threshold for Shareholders to Call Special Meeting Against For

Exxon Mobil Corporation XOM USA 5/27/2020 Annual Shareholder 6 Report on Costs & Benefits of Climate-Related Expenditures Against Against

Page 87: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Exxon Mobil Corporation XOM USA 5/27/2020 Annual Shareholder 7Report on Risks of Petrochemical Operations in Flood Prone Areas Against Against

Exxon Mobil Corporation XOM USA 5/27/2020 Annual Shareholder 8 Report on Political Contributions Against ForExxon Mobil Corporation XOM USA 5/27/2020 Annual Shareholder 9 Report on Lobbying Payments and Policy Against ForShopify Inc. SHOP Canada 5/27/2020 Annual Management 1.1 Elect Director Tobias Luetke For ForShopify Inc. SHOP Canada 5/27/2020 Annual Management 1.2 Elect Director Robert Ashe For ForShopify Inc. SHOP Canada 5/27/2020 Annual Management 1.3 Elect Director Gail Goodman For ForShopify Inc. SHOP Canada 5/27/2020 Annual Management 1.4 Elect Director Colleen Johnston For ForShopify Inc. SHOP Canada 5/27/2020 Annual Management 1.5 Elect Director Jeremy Levine For ForShopify Inc. SHOP Canada 5/27/2020 Annual Management 1.6 Elect Director John Phillips For For

Shopify Inc. SHOP Canada 5/27/2020 Annual Management 2Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Shopify Inc. SHOP Canada 5/27/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForBP Plc BP United Kingdom 5/27/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForBP Plc BP United Kingdom 5/27/2020 Annual Management 2 Approve Remuneration Report For ForBP Plc BP United Kingdom 5/27/2020 Annual Management 3 Approve Remuneration Policy For ForBP Plc BP United Kingdom 5/27/2020 Annual Management 4(a) Elect Bernard Looney as Director For ForBP Plc BP United Kingdom 5/27/2020 Annual Management 4(b) Re-elect Brian Gilvary as Director For ForBP Plc BP United Kingdom 5/27/2020 Annual Management 4(c) Re-elect Dame Alison Carnwath as Director For ForBP Plc BP United Kingdom 5/27/2020 Annual Management 4(d) Re-elect Pamela Daley as Director For ForBP Plc BP United Kingdom 5/27/2020 Annual Management 4(e) Re-elect Sir Ian Davis as Director For ForBP Plc BP United Kingdom 5/27/2020 Annual Management 4(f) Re-elect Dame Ann Dowling as Director For ForBP Plc BP United Kingdom 5/27/2020 Annual Management 4(g) Re-elect Helge Lund as Director For AgainstBP Plc BP United Kingdom 5/27/2020 Annual Management 4(h) Re-elect Melody Meyer as Director For ForBP Plc BP United Kingdom 5/27/2020 Annual Management 4(i) Re-elect Brendan Nelson as Director For ForBP Plc BP United Kingdom 5/27/2020 Annual Management 4(j) Re-elect Paula Reynolds as Director For ForBP Plc BP United Kingdom 5/27/2020 Annual Management 4(k) Re-elect Sir John Sawers as Director For ForBP Plc BP United Kingdom 5/27/2020 Annual Management 5 Reappoint Deloitte LLP as Auditors For For

BP Plc BP United Kingdom 5/27/2020 Annual Management 6 Authorise Audit Committee to Fix Remuneration of Auditors For ForBP Plc BP United Kingdom 5/27/2020 Annual Management 7 Approve Executive Directors' Incentive Plan For AgainstBP Plc BP United Kingdom 5/27/2020 Annual Management 8 Authorise EU Political Donations and Expenditure For ForBP Plc BP United Kingdom 5/27/2020 Annual Management 9 Authorise Issue of Equity For AgainstBP Plc BP United Kingdom 5/27/2020 Annual Management 10 Authorise Issue of Equity without Pre-emptive Rights For For

BP Plc BP United Kingdom 5/27/2020 Annual Management 11Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment For For

BP Plc BP United Kingdom 5/27/2020 Annual Management 12 Authorise Market Purchase of Ordinary Shares For For

BP Plc BP United Kingdom 5/27/2020 Annual Management 13Authorise the Company to Call General Meeting with Two Weeks' Notice For Against

Advantech Co., Ltd. 2395 Taiwan 5/28/2020 Annual Management 1 Approve Business Report and Financial Statements For ForAdvantech Co., Ltd. 2395 Taiwan 5/28/2020 Annual Management 2 Approve Plan on Profit Distribution For ForAdvantech Co., Ltd. 2395 Taiwan 5/28/2020 Annual Management 3 Approve Amendments to Articles of Association For For

Advantech Co., Ltd. 2395 Taiwan 5/28/2020 Annual Management 4 Approve Issuance of New Shares by Capitalization of Profit For For

Page 88: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Advantech Co., Ltd. 2395 Taiwan 5/28/2020 Annual Management 5Approve Company Plans to Issue Employee Stock Warrants with Price Lower than Fair Market Value For For

Advantech Co., Ltd. 2395 Taiwan 5/28/2020 Annual Management 6 Amend Procedures for Lending Funds to Other Parties For ForAdvantech Co., Ltd. 2395 Taiwan 5/28/2020 Annual Management 7 Amend Procedures for Endorsement and Guarantees For For

Advantech Co., Ltd. 2395 Taiwan 5/28/2020 Annual Management 8.1Elect K.C. Liu, with Shareholder No. 1, as Non-Independent Director For For

Advantech Co., Ltd. 2395 Taiwan 5/28/2020 Annual Management 8.2Elect Wesley Liu, a Representative of K and M Investment Co., Ltd. with Shareholder No. 39, as Non-Independent Director For For

Advantech Co., Ltd. 2395 Taiwan 5/28/2020 Annual Management 8.3Elect Chaney Ho, a Representative of Advantech Foundation with Shareholder No. 163, as Non-Independent Director For For

Advantech Co., Ltd. 2395 Taiwan 5/28/2020 Annual Management 8.4Elect Donald Chang, a Representative of AIDC Investment Corp. with Shareholder No. 40, as Non-Independent Director For For

Advantech Co., Ltd. 2395 Taiwan 5/28/2020 Annual Management 8.5Elect Jeff Chen with ID No. B100630XXX, as Independent Director For For

Advantech Co., Ltd. 2395 Taiwan 5/28/2020 Annual Management 8.6Elect Benson Liu with ID No. P100215XXX, as Independent Director For For

Advantech Co., Ltd. 2395 Taiwan 5/28/2020 Annual Management 8.7Elect Chan Jane Lin with ID No. R203128XXX, as Independent Director For For

Advantech Co., Ltd. 2395 Taiwan 5/28/2020 Annual Management 9Approve Release of Restrictions of Competitive Activities of Newly Appointed Directors and Representatives For For

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 1 Open Meeting Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 2 Call the Meeting to Order

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 3Designate Inspector or Shareholder Representative(s) of Minutes of Meeting For For

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 4 Acknowledge Proper Convening of Meeting For ForNordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 5 Prepare and Approve List of Shareholders For ForNordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 6 Receive Financial Statements and Statutory Reports Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 7 Accept Financial Statements and Statutory Reports For For

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 8Approve Allocation of Income; Authorize Board to Decide on the Distribution of Dividends of up to EUR 0.40 Per Share For For

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 9 Approve Discharge of Board and President For For

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 10Approve Remuneration Policy And Other Terms of Employment For Executive Management For For

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 11

Approve Remuneration of Directors in the Amount of EUR 300,000 for Chairman, EUR 145,000 for Vice Chairman, and EUR 95,000 for Other Directors; Approve Remuneration for Committee Work For For

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 12 Fix Number of Directors at Ten For For

Page 89: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 13

Reelect Torbjorn Magnusson (Chairperson), Nigel Hinshelwood, Birger Steen, Sarah Russell, Robin Lawther, Pernille Erenbjerg, Kari Jordan, Petra van Hoeken and John Maltby as Directors; Elect Jonas Synnergren as New Director For Against

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 14 Approve Remuneration of Auditors For ForNordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 15 Ratify PricewaterhouseCoopers as Auditors For For

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 16 Approve Instructions for Shareholders' Nomination Board For For

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 17Approve Issuance of Convertible Instruments without Preemptive Rights For For

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 18.aAuthorize Share Repurchase Program in the Securities Trading Business For For

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 18.b Authorize Reissuance of Repurchased Shares For Against

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 19.aAuthorize Share Repurchase Program and Reissuance and/or Cancellation of Repurchased Shares For For

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 19.bApprove Issuance of up to 30 Million Shares without Preemptive Rights For For

Nordea Bank Abp NDA.SE Finland 5/28/2020 Annual Management 20 Close Meeting The Descartes Systems Group Inc. DSG Canada 5/28/2020 Annual/Special Management 1.1 Elect Director Deepak Chopra For ForThe Descartes Systems Group Inc. DSG Canada 5/28/2020 Annual/Special Management 1.2 Elect Director Deborah Close For ForThe Descartes Systems Group Inc. DSG Canada 5/28/2020 Annual/Special Management 1.3 Elect Director Eric A. Demirian For ForThe Descartes Systems Group Inc. DSG Canada 5/28/2020 Annual/Special Management 1.4 Elect Director Dennis Maple For ForThe Descartes Systems Group Inc. DSG Canada 5/28/2020 Annual/Special Management 1.5 Elect Director Chris Muntwyler For ForThe Descartes Systems Group Inc. DSG Canada 5/28/2020 Annual/Special Management 1.6 Elect Director Jane O'Hagan For ForThe Descartes Systems Group Inc. DSG Canada 5/28/2020 Annual/Special Management 1.7 Elect Director Edward J. Ryan For ForThe Descartes Systems Group Inc. DSG Canada 5/28/2020 Annual/Special Management 1.8 Elect Director John J. Walker For For

The Descartes Systems Group Inc. DSG Canada 5/28/2020 Annual/Special Management 2Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration For For

The Descartes Systems Group Inc. DSG Canada 5/28/2020 Annual/Special Management 3 Advisory Vote on Executive Compensation Approach For ForThe Descartes Systems Group Inc. DSG Canada 5/28/2020 Annual/Special Management 4 Approve Shareholder Rights Plan For ForAIA Group Limited 1299 Hong Kong 5/29/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForAIA Group Limited 1299 Hong Kong 5/29/2020 Annual Management 2 Approve Final Dividend For ForAIA Group Limited 1299 Hong Kong 5/29/2020 Annual Management 3 Elect Edmund Sze-Wing Tse as Director For ForAIA Group Limited 1299 Hong Kong 5/29/2020 Annual Management 4 Elect Jack Chak-Kwong So as Director For ForAIA Group Limited 1299 Hong Kong 5/29/2020 Annual Management 5 Elect Mohamed Azman Yahya Director For For

AIA Group Limited 1299 Hong Kong 5/29/2020 Annual Management 6Approve PricewaterhouseCoopers as Auditor and Authorize Board to Fix Their Remuneration For For

AIA Group Limited 1299 Hong Kong 5/29/2020 Annual Management 7AApprove Issuance of Equity or Equity-Linked Securities without Preemptive Rights For For

AIA Group Limited 1299 Hong Kong 5/29/2020 Annual Management 7B Authorize Repurchase of Issued Share Capital For For

AIA Group Limited 1299 Hong Kong 5/29/2020 Annual Management 8Approve New Share Option Scheme and Terminate Existing Share Option Scheme For For

Total SA FP France 5/29/2020 Annual/Special Management 1 Approve Financial Statements and Statutory Reports For For

Page 90: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Total SA FP France 5/29/2020 Annual/Special Management 2Approve Consolidated Financial Statements and Statutory Reports For For

Total SA FP France 5/29/2020 Annual/Special Management 3Approve Allocation of Income and Dividends of EUR 2.68 per Share and Option for Stock Dividend Program For For

Total SA FP France 5/29/2020 Annual/Special Management 4Authorize Repurchase of Up to 10 Percent of Issued Share Capital For For

Total SA FP France 5/29/2020 Annual/Special Management 5Approve Auditors' Special Report on Related-Party Transactions Mentioning the Absence of New Transactions For For

Total SA FP France 5/29/2020 Annual/Special Management 6 Reelect Patricia Barbizet as Director For ForTotal SA FP France 5/29/2020 Annual/Special Management 7 Reelect Marie-Christine Coisne-Roquette as Director For ForTotal SA FP France 5/29/2020 Annual/Special Management 8 Reelect Mark Cutifani as Director For ForTotal SA FP France 5/29/2020 Annual/Special Management 9 Elect Jerome Contamine as Director For ForTotal SA FP France 5/29/2020 Annual/Special Management 10 Approve Compensation Report of Corporate Officers For ForTotal SA FP France 5/29/2020 Annual/Special Management 11 Approve Remuneration Policy of Directors For For

Total SA FP France 5/29/2020 Annual/Special Management 12Approve Compensation of Patrick Pouyanne, Chairman and CEO For For

Total SA FP France 5/29/2020 Annual/Special Management 13 Approve Remuneration Policy of Chairman and CEO For For

Total SA FP France 5/29/2020 Annual/Special Management 14Approve Change of Corporate Form to Societe Europeenne (SE) and Amend Bylaws Accordingly For For

Total SA FP France 5/29/2020 Annual/Special Management 15

Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights and/or Capitalization of Reserves for Bonus Issue or Increase in Par Value, up to Aggregate Nominal Amount of EUR 2.5 Billion For For

Total SA FP France 5/29/2020 Annual/Special Management 16

Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 650 Million For For

Total SA FP France 5/29/2020 Annual/Special Management 17

Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 650 Million For For

Total SA FP France 5/29/2020 Annual/Special Management 18

Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above Under Items 16 and 17 For Against

Total SA FP France 5/29/2020 Annual/Special Management 19Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind For For

Total SA FP France 5/29/2020 Annual/Special Management 20Authorize Capital Issuances for Use in Employee Stock Purchase Plans For For

Total SA FP France 5/29/2020 Annual/Special Management 21Authorize up to 0.75 Percent of Issued Capital for Use in Stock Option Plans For For

Total SA FP France 5/29/2020 Annual/Special Shareholder A

Instruct Company to Set and Publish Targets for Greenhouse Gas (GHG) Emissions Aligned with the Goal of the Paris Climate Agreement and Amend Article 19 of Bylaws Accordingly Against Against

Page 91: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

UnitedHealth Group Incorporated UNH USA 6/1/2020 Annual Management 1a Elect Director Richard T. Burke For AgainstUnitedHealth Group Incorporated UNH USA 6/1/2020 Annual Management 1b Elect Director Timothy P. Flynn For AgainstUnitedHealth Group Incorporated UNH USA 6/1/2020 Annual Management 1c Elect Director Stephen J. Hemsley For ForUnitedHealth Group Incorporated UNH USA 6/1/2020 Annual Management 1d Elect Director Michele J. Hooper For ForUnitedHealth Group Incorporated UNH USA 6/1/2020 Annual Management 1e Elect Director F. William McNabb, III For ForUnitedHealth Group Incorporated UNH USA 6/1/2020 Annual Management 1f Elect Director Valerie C. Montgomery Rice For ForUnitedHealth Group Incorporated UNH USA 6/1/2020 Annual Management 1g Elect Director John H. Noseworthy For AgainstUnitedHealth Group Incorporated UNH USA 6/1/2020 Annual Management 1h Elect Director Glenn M. Renwick For ForUnitedHealth Group Incorporated UNH USA 6/1/2020 Annual Management 1i Elect Director David S. Wichmann For ForUnitedHealth Group Incorporated UNH USA 6/1/2020 Annual Management 1j Elect Director Gail R. Wilensky For Against

UnitedHealth Group Incorporated UNH USA 6/1/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For Against

UnitedHealth Group Incorporated UNH USA 6/1/2020 Annual Management 3 Ratify Deloitte & Touche LLP as Auditors For ForUnitedHealth Group Incorporated UNH USA 6/1/2020 Annual Management 4 Approve Omnibus Stock Plan For Against

UnitedHealth Group Incorporated UNH USA 6/1/2020 Annual Shareholder 5Require Shareholder Approval of Bylaw Amendments Adopted by the Board of Directors Against Against

Cognizant Technology Solutions Corporation CTSH USA 6/2/2020 Annual Management 1a Elect Director Zein Abdalla For ForCognizant Technology Solutions Corporation CTSH USA 6/2/2020 Annual Management 1b Elect Director Vinita Bali For ForCognizant Technology Solutions Corporation CTSH USA 6/2/2020 Annual Management 1c Elect Director Maureen Breakiron-Evans For ForCognizant Technology Solutions Corporation CTSH USA 6/2/2020 Annual Management 1d Elect Director Archana Deskus For ForCognizant Technology Solutions Corporation CTSH USA 6/2/2020 Annual Management 1e Elect Director John M. Dineen For ForCognizant Technology Solutions Corporation CTSH USA 6/2/2020 Annual Management 1f Elect Director John N. Fox, Jr. For ForCognizant Technology Solutions Corporation CTSH USA 6/2/2020 Annual Management 1g Elect Director Brian Humphries For ForCognizant Technology Solutions Corporation CTSH USA 6/2/2020 Annual Management 1h Elect Director Leo S. Mackay, Jr. For ForCognizant Technology Solutions Corporation CTSH USA 6/2/2020 Annual Management 1i Elect Director Michael Patsalos-Fox For ForCognizant Technology Solutions Corporation CTSH USA 6/2/2020 Annual Management 1j Elect Director Joseph M. Velli For ForCognizant Technology Solutions Corporation CTSH USA 6/2/2020 Annual Management 1k Elect Director Sandra S. Wijnberg For For

Cognizant Technology Solutions Corporation CTSH USA 6/2/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

Cognizant Technology Solutions Corporation CTSH USA 6/2/2020 Annual Management 3 Ratify PricewaterhouseCoopers LLP as Auditors For ForCognizant Technology Solutions Corporation CTSH USA 6/2/2020 Annual Shareholder 4 Provide Right to Act by Written Consent Against AgainstAlphabet Inc. GOOGL USA 6/3/2020 Annual Management 1.1 Elect Director Larry Page For ForAlphabet Inc. GOOGL USA 6/3/2020 Annual Management 1.2 Elect Director Sergey Brin For ForAlphabet Inc. GOOGL USA 6/3/2020 Annual Management 1.3 Elect Director Sundar Pichai For ForAlphabet Inc. GOOGL USA 6/3/2020 Annual Management 1.4 Elect Director John L. Hennessy For ForAlphabet Inc. GOOGL USA 6/3/2020 Annual Management 1.5 Elect Director Frances H. Arnold For ForAlphabet Inc. GOOGL USA 6/3/2020 Annual Management 1.6 Elect Director L. John Doerr For WithholdAlphabet Inc. GOOGL USA 6/3/2020 Annual Management 1.7 Elect Director Roger W. Ferguson Jr. For ForAlphabet Inc. GOOGL USA 6/3/2020 Annual Management 1.8 Elect Director Ann Mather For ForAlphabet Inc. GOOGL USA 6/3/2020 Annual Management 1.9 Elect Director Alan R. Mulally For WithholdAlphabet Inc. GOOGL USA 6/3/2020 Annual Management 1.10 Elect Director K. Ram Shiram For WithholdAlphabet Inc. GOOGL USA 6/3/2020 Annual Management 1.11 Elect Director Robin L. Washington For WithholdAlphabet Inc. GOOGL USA 6/3/2020 Annual Management 2 Ratify Ernst & Young LLP as Auditors For ForAlphabet Inc. GOOGL USA 6/3/2020 Annual Management 3 Amend Omnibus Stock Plan For Against

Page 92: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Alphabet Inc. GOOGL USA 6/3/2020 Annual Management 4Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Alphabet Inc. GOOGL USA 6/3/2020 Annual Shareholder 5Approve Recapitalization Plan for all Stock to Have One-vote per Share Against Against

Alphabet Inc. GOOGL USA 6/3/2020 Annual Shareholder 6 Report on Arbitration of Employment-Related Claims Against AgainstAlphabet Inc. GOOGL USA 6/3/2020 Annual Shareholder 7 Establish Human Rights Risk Oversight Committee Against For

Alphabet Inc. GOOGL USA 6/3/2020 Annual Shareholder 8Require Shareholder Approval of Bylaw Amendments Adopted by the Board of Directors Against Against

Alphabet Inc. GOOGL USA 6/3/2020 Annual Shareholder 9Assess Feasibility of Including Sustainability as a Performance Measure for Senior Executive Compensation Against For

Alphabet Inc. GOOGL USA 6/3/2020 Annual Shareholder 10 Report on Takedown Requests Against AgainstAlphabet Inc. GOOGL USA 6/3/2020 Annual Shareholder 11 Require a Majority Vote for the Election of Directors Against ForAlphabet Inc. GOOGL USA 6/3/2020 Annual Shareholder 12 Report on Gender/Racial Pay Gap Against Against

Alphabet Inc. GOOGL USA 6/3/2020 Annual Shareholder 13Require Independent Director Nominee with Human and/or Civil Rights Experience Against For

Alphabet Inc. GOOGL USA 6/3/2020 Annual Shareholder 14 Report on Whistleblower Policies and Practices Against Against

Anheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management A1.aAmend Articles 24.4 Re: Participation and Decisions in a Meeting For For

Anheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management A1.b Amend Articles Re: Distributions of Interim Dividends For For

Anheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management A1.cAmend Articles of Association Re: Alignment on the Rules of Code on Companies and Associations For For

Anheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B2 Receive Directors' Reports (Non-Voting) Anheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B3 Receive Auditors' Reports (Non-Voting)

Anheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B4Receive Consolidated Financial Statements and Statutory Reports (Non-Voting)

Anheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B5Approve Financial Statements, Allocation of Income, and Dividends of EUR 1.30 per Share For For

Anheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B6 Approve Discharge of Directors For ForAnheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B7 Approve Discharge of Auditors For ForAnheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B8.a Reelect Michele Burns as Independent Director For AgainstAnheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B8.b Reelect Elio Leoni Sceti as Independent Director For AgainstAnheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B8.c Reelect Alexandre Van Damme as Director For AgainstAnheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B8.d Reelect Gregoire de Spoelberch as Director For AgainstAnheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B8.e Reelect Paul Cornet de Ways Ruart as Director For AgainstAnheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B8.f Reelect Paulo Lemann as Director For AgainstAnheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B8.g Reelect Maria Asuncion Aramburuzabala as Director For AgainstAnheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B8.h Elect Roberto Thompson Motta as Director For AgainstAnheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B8.i Reelect Martin J. Barrington as Director For AgainstAnheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B8.j Reelect William F. Gifford, Jr. as Director For AgainstAnheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B8.k Reelect Alejandro Santo Domingo Davila as Director For AgainstAnheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management B9 Approve Remuneration Report For Against

Anheuser-Busch InBev SA/NV ABI Belgium 6/3/2020 Annual/Special Management C10Authorize Implementation of Approved Resolutions and Filing of Required Documents/Formalities at Trade Registry For For

Page 93: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Comcast Corporation CMCSA USA 6/3/2020 Annual Management 1.1 Elect Director Kenneth J. Bacon For ForComcast Corporation CMCSA USA 6/3/2020 Annual Management 1.2 Elect Director Madeline S. Bell For ForComcast Corporation CMCSA USA 6/3/2020 Annual Management 1.3 Elect Director Naomi M. Bergman For ForComcast Corporation CMCSA USA 6/3/2020 Annual Management 1.4 Elect Director Edward D. Breen For WithholdComcast Corporation CMCSA USA 6/3/2020 Annual Management 1.5 Elect Director Gerald L. Hassell For WithholdComcast Corporation CMCSA USA 6/3/2020 Annual Management 1.6 Elect Director Jeffrey A. Honickman For ForComcast Corporation CMCSA USA 6/3/2020 Annual Management 1.7 Elect Director Maritza G. Montiel For ForComcast Corporation CMCSA USA 6/3/2020 Annual Management 1.8 Elect Director Asuka Nakahara For ForComcast Corporation CMCSA USA 6/3/2020 Annual Management 1.9 Elect Director David C. Novak For WithholdComcast Corporation CMCSA USA 6/3/2020 Annual Management 1.10 Elect Director Brian L. Roberts For ForComcast Corporation CMCSA USA 6/3/2020 Annual Management 2 Ratify Deloitte & Touche LLP as Auditor For ForComcast Corporation CMCSA USA 6/3/2020 Annual Management 3 Amend Stock Option Plan For AgainstComcast Corporation CMCSA USA 6/3/2020 Annual Management 4 Amend Restricted Stock Plan For Against

Comcast Corporation CMCSA USA 6/3/2020 Annual Management 5Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Comcast Corporation CMCSA USA 6/3/2020 Annual Shareholder 6 Report on Lobbying Payments and Policy Against AgainstComcast Corporation CMCSA USA 6/3/2020 Annual Shareholder 7 Require Independent Board Chair Against For

Comcast Corporation CMCSA USA 6/3/2020 Annual Shareholder 8 Report on Risks Posed by Failing to Prevent Sexual Harassment Against AgainstThomson Reuters Corporation TRI Canada 6/3/2020 Annual Management 1.1 Elect Director David Thomson For ForThomson Reuters Corporation TRI Canada 6/3/2020 Annual Management 1.2 Elect Director Steve Hasker For ForThomson Reuters Corporation TRI Canada 6/3/2020 Annual Management 1.3 Elect Director Kirk E. Arnold For WithholdThomson Reuters Corporation TRI Canada 6/3/2020 Annual Management 1.4 Elect Director David W. Binet For WithholdThomson Reuters Corporation TRI Canada 6/3/2020 Annual Management 1.5 Elect Director W. Edmund Clark For WithholdThomson Reuters Corporation TRI Canada 6/3/2020 Annual Management 1.6 Elect Director Michael E. Daniels For WithholdThomson Reuters Corporation TRI Canada 6/3/2020 Annual Management 1.7 Elect Director Kirk Koenigsbauer For ForThomson Reuters Corporation TRI Canada 6/3/2020 Annual Management 1.8 Elect Director Vance K. Opperman For WithholdThomson Reuters Corporation TRI Canada 6/3/2020 Annual Management 1.9 Elect Director Kim M. Rivera For ForThomson Reuters Corporation TRI Canada 6/3/2020 Annual Management 1.10 Elect Director Barry Salzberg For ForThomson Reuters Corporation TRI Canada 6/3/2020 Annual Management 1.11 Elect Director Peter J. Thomson For WithholdThomson Reuters Corporation TRI Canada 6/3/2020 Annual Management 1.12 Elect Director Wulf von Schimmelmann For Withhold

Thomson Reuters Corporation TRI Canada 6/3/2020 Annual Management 2Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Thomson Reuters Corporation TRI Canada 6/3/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For Against

Thomson Reuters Corporation TRI Canada 6/3/2020 Annual Shareholder 4SP 1: Produce a Human Rights Risk Report at Reasonable Cost and Omitting Proprietary Information Against Against

Booking Holdings Inc. BKNG USA 6/4/2020 Annual Management 1.1 Elect Director Timothy M. Armstrong For ForBooking Holdings Inc. BKNG USA 6/4/2020 Annual Management 1.2 Elect Director Jeffery H. Boyd For ForBooking Holdings Inc. BKNG USA 6/4/2020 Annual Management 1.3 Elect Director Glenn D. Fogel For ForBooking Holdings Inc. BKNG USA 6/4/2020 Annual Management 1.4 Elect Director Mirian M. Graddick-Weir For ForBooking Holdings Inc. BKNG USA 6/4/2020 Annual Management 1.5 Elect Director Wei Hopeman For ForBooking Holdings Inc. BKNG USA 6/4/2020 Annual Management 1.6 Elect Director Robert J. Mylod, Jr. For ForBooking Holdings Inc. BKNG USA 6/4/2020 Annual Management 1.7 Elect Director Charles H. Noski For ForBooking Holdings Inc. BKNG USA 6/4/2020 Annual Management 1.8 Elect Director Nicholas J. Read For For

Page 94: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Booking Holdings Inc. BKNG USA 6/4/2020 Annual Management 1.9 Elect Director Thomas E. Rothman For ForBooking Holdings Inc. BKNG USA 6/4/2020 Annual Management 1.10 Elect Director Bob van Dijk For ForBooking Holdings Inc. BKNG USA 6/4/2020 Annual Management 1.11 Elect Director Lynn M. Vojvodich For ForBooking Holdings Inc. BKNG USA 6/4/2020 Annual Management 1.12 Elect Director Vanessa A. Wittman For For

Booking Holdings Inc. BKNG USA 6/4/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

Booking Holdings Inc. BKNG USA 6/4/2020 Annual Management 3 Ratify Deloitte & Touche LLP as Auditors For ForBooking Holdings Inc. BKNG USA 6/4/2020 Annual Shareholder 4 Provide Right to Act by Written Consent Against ForKP Tissue Inc. KPT Canada 6/4/2020 Annual Management 1a Elect Director Michael Korenberg For ForKP Tissue Inc. KPT Canada 6/4/2020 Annual Management 1b Elect Director James Hardy For ForKP Tissue Inc. KPT Canada 6/4/2020 Annual Management 1c Elect Director Michel Letellier For ForKP Tissue Inc. KPT Canada 6/4/2020 Annual Management 1d Elect Director Louise Denys Wendling For For

KP Tissue Inc. KPT Canada 6/4/2020 Annual Management 2Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Trane Technologies Plc TT Ireland 6/4/2020 Annual Management 1a Elect Director Kirk E. Arnold For ForTrane Technologies Plc TT Ireland 6/4/2020 Annual Management 1b Elect Director Ann C. Berzin For ForTrane Technologies Plc TT Ireland 6/4/2020 Annual Management 1c Elect Director John Bruton For ForTrane Technologies Plc TT Ireland 6/4/2020 Annual Management 1d Elect Director Jared L. Cohon For ForTrane Technologies Plc TT Ireland 6/4/2020 Annual Management 1e Elect Director Gary D. Forsee For ForTrane Technologies Plc TT Ireland 6/4/2020 Annual Management 1f Elect Director Linda P. Hudson For ForTrane Technologies Plc TT Ireland 6/4/2020 Annual Management 1g Elect Director Michael W. Lamach For ForTrane Technologies Plc TT Ireland 6/4/2020 Annual Management 1h Elect Director Myles P. Lee For ForTrane Technologies Plc TT Ireland 6/4/2020 Annual Management 1i Elect Director Karen B. Peetz For ForTrane Technologies Plc TT Ireland 6/4/2020 Annual Management 1j Elect Director John P. Surma For ForTrane Technologies Plc TT Ireland 6/4/2020 Annual Management 1k Elect Director Richard J. Swift For ForTrane Technologies Plc TT Ireland 6/4/2020 Annual Management 1l Elect Director Tony L. White For For

Trane Technologies Plc TT Ireland 6/4/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

Trane Technologies Plc TT Ireland 6/4/2020 Annual Management 3Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Trane Technologies Plc TT Ireland 6/4/2020 Annual Management 4 Authorize Issue of Equity For AgainstTrane Technologies Plc TT Ireland 6/4/2020 Annual Management 5 Renew Directors' Authority to Issue Shares for Cash For ForTrane Technologies Plc TT Ireland 6/4/2020 Annual Management 6 Authorize Reissuance of Repurchased Shares For ForCredicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 1 Present 2019 Annual Report

Credicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 2

Present Audited Consolidated Financial Statements of Credicorp and its Subsidiaries for FY 2019, Including External Auditors' Report

Credicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 3.1 Elect Antonio Abruna Puyol as Director For ForCredicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 3.2 Elect Maite Aranzabal Harreguy as Director For ForCredicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 3.3 Elect Fernando Fort Marie as Director For ForCredicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 3.4 Elect Alexandre Gouvea as Director For ForCredicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 3.5 Elect Patricia Lizarraga Guthertz as Director For ForCredicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 3.6 Elect Raimundo Morales Dasso as Director For AgainstCredicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 3.7 Elect Irzio Pinasco Menchelli as Director For ForCredicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 3.8 Elect Luis Enrique Romero Belismelis as Director For Against

Page 95: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Credicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 4 Approve Remuneration of Directors For ForCredicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 5.1 Amend Article 2.6 Re: Transfer of Shares For For

Credicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 5.2 Amend Article 3.4.2 Re: Mechanisms for Appointment of Proxy For For

Credicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 5.3 Amend Article 4.11 Re: Increase in Number of Directors For For

Credicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 5.4Amend Article 4.15 Re: Notice of Board Meetings and Participation of Directors in Board Meetings For For

Credicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 5.5Amend Article 4.16.1 Re: Quorum for Transaction of Business at Board Meetings For For

Credicorp Ltd. BAP Bermuda 6/5/2020 Annual Management 6Ratify PricewaterhouseCoopers as Auditor and Authorize Board to Fix Their Remuneration For For

Taiwan Semiconductor Manufacturing Co., Ltd. 2330 Taiwan 6/9/2020 Annual Management 1 Approve Business Operations Report and Financial Statements For For

Taiwan Semiconductor Manufacturing Co., Ltd. 2330 Taiwan 6/9/2020 Annual Management 2 Amend Procedures for Lending Funds to Other Parties For For

Taiwan Semiconductor Manufacturing Co., Ltd. 2330 Taiwan 6/9/2020 Annual Management 3.1Elect Yancey Hai, with SHAREHOLDER NO.D100708xxx as Independent Director For For

The TJX Companies, Inc. TJX USA 6/9/2020 Annual Management 1a Elect Director Zein Abdalla For ForThe TJX Companies, Inc. TJX USA 6/9/2020 Annual Management 1b Elect Director Alan M. Bennett For AgainstThe TJX Companies, Inc. TJX USA 6/9/2020 Annual Management 1c Elect Director Rosemary T. Berkery For AgainstThe TJX Companies, Inc. TJX USA 6/9/2020 Annual Management 1d Elect Director David T. Ching For ForThe TJX Companies, Inc. TJX USA 6/9/2020 Annual Management 1e Elect Director Ernie Herrman For ForThe TJX Companies, Inc. TJX USA 6/9/2020 Annual Management 1f Elect Director Michael F. Hines For ForThe TJX Companies, Inc. TJX USA 6/9/2020 Annual Management 1g Elect Director Amy B. Lane For ForThe TJX Companies, Inc. TJX USA 6/9/2020 Annual Management 1h Elect Director Carol Meyrowitz For ForThe TJX Companies, Inc. TJX USA 6/9/2020 Annual Management 1i Elect Director Jackwyn L. Nemerov For AgainstThe TJX Companies, Inc. TJX USA 6/9/2020 Annual Management 1j Elect Director John F. O'Brien For ForThe TJX Companies, Inc. TJX USA 6/9/2020 Annual Management 1k Elect Director Willow B. Shire For AgainstThe TJX Companies, Inc. TJX USA 6/9/2020 Annual Management 2 Ratify PricewaterhouseCoopers as Auditors For For

The TJX Companies, Inc. TJX USA 6/9/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For Against

The TJX Companies, Inc. TJX USA 6/9/2020 Annual Shareholder 4 Report on Reduction of Chemical Footprint Against ForThe TJX Companies, Inc. TJX USA 6/9/2020 Annual Shareholder 5 Report on Animal Welfare Against AgainstThe TJX Companies, Inc. TJX USA 6/9/2020 Annual Shareholder 6 Report on Pay Disparity Against AgainstThe TJX Companies, Inc. TJX USA 6/9/2020 Annual Shareholder 7 Stock Retention/Holding Period Against ForWuxi Biologics (Cayman), Inc. 2269 Cayman Islands 6/9/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForWuxi Biologics (Cayman), Inc. 2269 Cayman Islands 6/9/2020 Annual Management 2a Elect Ge Li as Director For AgainstWuxi Biologics (Cayman), Inc. 2269 Cayman Islands 6/9/2020 Annual Management 2b Elect Zhisheng Chen as Director For ForWuxi Biologics (Cayman), Inc. 2269 Cayman Islands 6/9/2020 Annual Management 3 Elect Kenneth Walton Hitchner III as Director For ForWuxi Biologics (Cayman), Inc. 2269 Cayman Islands 6/9/2020 Annual Management 4 Authorize Board to Fix Remuneration of Directors For For

Wuxi Biologics (Cayman), Inc. 2269 Cayman Islands 6/9/2020 Annual Management 5Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration For For

Wuxi Biologics (Cayman), Inc. 2269 Cayman Islands 6/9/2020 Annual Management 6Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights For Against

Page 96: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Wuxi Biologics (Cayman), Inc. 2269 Cayman Islands 6/9/2020 Annual Management 7 Authorize Repurchase of Issued Share Capital For ForWuxi Biologics (Cayman), Inc. 2269 Cayman Islands 6/9/2020 Annual Management 8 Authorize Reissuance of Repurchased Shares For Against

Wuxi Biologics (Cayman), Inc. 2269 Cayman Islands 6/9/2020 Annual Management 9aApprove Grant of Specific Mandate to the Directors to Issue and Allot the Connected Restricted Shares For For

Wuxi Biologics (Cayman), Inc. 2269 Cayman Islands 6/9/2020 Annual Management 9b

Authorize Board to Deal with All Matters in Relation to the Issue and Allotment of the Connected Restricted Shares Under the Specific Mandate and Related Transactions For For

Wuxi Biologics (Cayman), Inc. 2269 Cayman Islands 6/9/2020 Annual Management 10Approve Grant of Connected Restricted Shares Pursuant to the Scheme to Zhisheng Chen For For

Wuxi Biologics (Cayman), Inc. 2269 Cayman Islands 6/9/2020 Annual Management 11Approve Grant of Connected Restricted Shares Pursuant to the Scheme to WeichangZhou For For

Wuxi Biologics (Cayman), Inc. 2269 Cayman Islands 6/9/2020 Annual Management 12Approve Grant of Connected Restricted Shares Pursuant to the Scheme to Edward Hu For For

Wuxi Biologics (Cayman), Inc. 2269 Cayman Islands 6/9/2020 Annual Management 13Approve Grant of Connected Restricted Shares Pursuant to the Scheme to WilliamRobert Keller For For

Wuxi Biologics (Cayman), Inc. 2269 Cayman Islands 6/9/2020 Annual Management 14Approve Grant of Connected Restricted Shares Pursuant to the Scheme to Teh-MingWalter Kwauk For For

Brighthouse Financial, Inc. BHF USA 6/10/2020 Annual Management 1a Elect Director Irene Chang Britt For WithholdBrighthouse Financial, Inc. BHF USA 6/10/2020 Annual Management 1b Elect Director C. Edward (Chuck) Chaplin For ForBrighthouse Financial, Inc. BHF USA 6/10/2020 Annual Management 1c Elect Director Eileen A. Mallesch For WithholdBrighthouse Financial, Inc. BHF USA 6/10/2020 Annual Management 1d Elect Director Margaret M. (Meg) McCarthy For ForBrighthouse Financial, Inc. BHF USA 6/10/2020 Annual Management 1e Elect Director Diane E. Offereins For WithholdBrighthouse Financial, Inc. BHF USA 6/10/2020 Annual Management 1f Elect Director Patrick J. (Pat) Shouvlin For ForBrighthouse Financial, Inc. BHF USA 6/10/2020 Annual Management 1g Elect Director Eric T. Steigerwalt For ForBrighthouse Financial, Inc. BHF USA 6/10/2020 Annual Management 1h Elect Director Paul M. Wetzel For WithholdBrighthouse Financial, Inc. BHF USA 6/10/2020 Annual Management 2 Ratify Deloitte & Touche LLP as Auditors For For

Brighthouse Financial, Inc. BHF USA 6/10/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

Brighthouse Financial, Inc. BHF USA 6/10/2020 Annual Management 4 Amend Qualified Employee Stock Purchase Plan For ForRestaurant Brands International Inc. QSR Canada 6/10/2020 Annual Management 1.1 Elect Director Alexandre Behring For ForRestaurant Brands International Inc. QSR Canada 6/10/2020 Annual Management 1.2 Elect Director Joao M. Castro-Neves For ForRestaurant Brands International Inc. QSR Canada 6/10/2020 Annual Management 1.3 Elect Director Maximilien de Limburg Stirum For ForRestaurant Brands International Inc. QSR Canada 6/10/2020 Annual Management 1.4 Elect Director Paul J. Fribourg For ForRestaurant Brands International Inc. QSR Canada 6/10/2020 Annual Management 1.5 Elect Director Neil Golden For ForRestaurant Brands International Inc. QSR Canada 6/10/2020 Annual Management 1.6 Elect Director Ali Hedayat For ForRestaurant Brands International Inc. QSR Canada 6/10/2020 Annual Management 1.7 Elect Director Golnar Khosrowshahi For ForRestaurant Brands International Inc. QSR Canada 6/10/2020 Annual Management 1.8 Elect Director Giovanni (John) Prato For ForRestaurant Brands International Inc. QSR Canada 6/10/2020 Annual Management 1.9 Elect Director Daniel S. Schwartz For ForRestaurant Brands International Inc. QSR Canada 6/10/2020 Annual Management 1.10 Elect Director Carlos Alberto Sicupira For ForRestaurant Brands International Inc. QSR Canada 6/10/2020 Annual Management 1.11 Elect Director Roberto Moses Thompson Motta For For

Restaurant Brands International Inc. QSR Canada 6/10/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

Restaurant Brands International Inc. QSR Canada 6/10/2020 Annual Management 3Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Page 97: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Restaurant Brands International Inc. QSR Canada 6/10/2020 Annual Shareholder 4Report on Minimum Requirements and Standards Related to Workforce Practices Against For

Restaurant Brands International Inc. QSR Canada 6/10/2020 Annual Shareholder 5Report on Comprehensive Policy on Plastic Pollution and Sustainable Packaging Against Against

DaVita Inc. DVA USA 6/11/2020 Annual Management 1a Elect Director Pamela M. Arway For AgainstDaVita Inc. DVA USA 6/11/2020 Annual Management 1b Elect Director Charles G. Berg For ForDaVita Inc. DVA USA 6/11/2020 Annual Management 1c Elect Director Barbara J. Desoer For AgainstDaVita Inc. DVA USA 6/11/2020 Annual Management 1d Elect Director Pascal Desroches For AgainstDaVita Inc. DVA USA 6/11/2020 Annual Management 1e Elect Director Paul J. Diaz For AgainstDaVita Inc. DVA USA 6/11/2020 Annual Management 1f Elect Director John M. Nehra For ForDaVita Inc. DVA USA 6/11/2020 Annual Management 1g Elect Director Javier J. Rodriguez For ForDaVita Inc. DVA USA 6/11/2020 Annual Management 1h Elect Director Phyllis R. Yale For ForDaVita Inc. DVA USA 6/11/2020 Annual Management 2 Ratify KPMG LLP as Auditors For For

DaVita Inc. DVA USA 6/11/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For Against

DaVita Inc. DVA USA 6/11/2020 Annual Management 4 Approve Omnibus Stock Plan For AgainstDaVita Inc. DVA USA 6/11/2020 Annual Shareholder 5 Report on Political Contributions Against AgainstDollar Tree, Inc. DLTR USA 6/11/2020 Annual Management 1a Elect Director Arnold S. Barron For ForDollar Tree, Inc. DLTR USA 6/11/2020 Annual Management 1b Elect Director Gregory M. Bridgeford For ForDollar Tree, Inc. DLTR USA 6/11/2020 Annual Management 1c Elect Director Thomas W. Dickson For ForDollar Tree, Inc. DLTR USA 6/11/2020 Annual Management 1d Elect Director Lemuel E. Lewis For ForDollar Tree, Inc. DLTR USA 6/11/2020 Annual Management 1e Elect Director Jeffrey G. Naylor For ForDollar Tree, Inc. DLTR USA 6/11/2020 Annual Management 1f Elect Director Gary M. Philbin For ForDollar Tree, Inc. DLTR USA 6/11/2020 Annual Management 1g Elect Director Bob Sasser For ForDollar Tree, Inc. DLTR USA 6/11/2020 Annual Management 1h Elect Director Thomas A. Saunders, III For ForDollar Tree, Inc. DLTR USA 6/11/2020 Annual Management 1i Elect Director Stephanie P. Stahl For ForDollar Tree, Inc. DLTR USA 6/11/2020 Annual Management 1j Elect Director Carrie A. Wheeler For ForDollar Tree, Inc. DLTR USA 6/11/2020 Annual Management 1k Elect Director Thomas E. Whiddon For ForDollar Tree, Inc. DLTR USA 6/11/2020 Annual Management 1l Elect Director Carl P. Zeithaml For For

Dollar Tree, Inc. DLTR USA 6/11/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For For

Dollar Tree, Inc. DLTR USA 6/11/2020 Annual Management 3 Ratify KPMG LLP as Auditors For ForDollar Tree, Inc. DLTR USA 6/11/2020 Annual Shareholder 4 Report on Greenhouse Gas Emissions Goals Against ForTata Consultancy Services Limited 532540 India 6/11/2020 Annual Management 1 Accept Financial Statements and Statutory Reports For ForTata Consultancy Services Limited 532540 India 6/11/2020 Annual Management 2 Confirm Interim Dividend and Declare Final Dividend For ForTata Consultancy Services Limited 532540 India 6/11/2020 Annual Management 3 Reelect Aarthi Subramanian as Director For AgainstToyota Motor Corp. 7203 Japan 6/11/2020 Annual Management 1.1 Elect Director Uchiyamada, Takeshi For AgainstToyota Motor Corp. 7203 Japan 6/11/2020 Annual Management 1.2 Elect Director Hayakawa, Shigeru For AgainstToyota Motor Corp. 7203 Japan 6/11/2020 Annual Management 1.3 Elect Director Toyoda, Akio For ForToyota Motor Corp. 7203 Japan 6/11/2020 Annual Management 1.4 Elect Director Kobayashi, Koji For AgainstToyota Motor Corp. 7203 Japan 6/11/2020 Annual Management 1.5 Elect Director Terashi, Shigeki For AgainstToyota Motor Corp. 7203 Japan 6/11/2020 Annual Management 1.6 Elect Director James Kuffner For AgainstToyota Motor Corp. 7203 Japan 6/11/2020 Annual Management 1.7 Elect Director Sugawara, Ikuro For ForToyota Motor Corp. 7203 Japan 6/11/2020 Annual Management 1.8 Elect Director Sir Philip Craven For ForToyota Motor Corp. 7203 Japan 6/11/2020 Annual Management 1.9 Elect Director Kudo, Teiko For For

Page 98: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Toyota Motor Corp. 7203 Japan 6/11/2020 Annual Management 2 Appoint Alternate Statutory Auditor Sakai, Ryuji For ForToyota Motor Corp. 7203 Japan 6/11/2020 Annual Management 3 Amend Articles to Amend Business Lines For ForBrookfield Asset Management Inc. BAM.A Canada 6/12/2020 Annual Management 1.1 Elect Director M. Elyse Allan For ForBrookfield Asset Management Inc. BAM.A Canada 6/12/2020 Annual Management 1.2 Elect Director Angela F. Braly For ForBrookfield Asset Management Inc. BAM.A Canada 6/12/2020 Annual Management 1.3 Elect Director Murilo Ferreira For ForBrookfield Asset Management Inc. BAM.A Canada 6/12/2020 Annual Management 1.4 Elect Director Janice Fukakusa For ForBrookfield Asset Management Inc. BAM.A Canada 6/12/2020 Annual Management 1.5 Elect Director Frank J. McKenna For ForBrookfield Asset Management Inc. BAM.A Canada 6/12/2020 Annual Management 1.6 Elect Director Rafael Miranda For ForBrookfield Asset Management Inc. BAM.A Canada 6/12/2020 Annual Management 1.7 Elect Director Seek Ngee Huat For ForBrookfield Asset Management Inc. BAM.A Canada 6/12/2020 Annual Management 1.8 Elect Director Diana L. Taylor For For

Brookfield Asset Management Inc. BAM.A Canada 6/12/2020 Annual Management 2Approve Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration For For

Brookfield Asset Management Inc. BAM.A Canada 6/12/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For For

Brookfield Asset Management Inc. BAM.A Canada 6/12/2020 Annual Shareholder 4SP 1: Assign an Oversight Responsibility for Human Capital Management to a Board Committee Against Against

Brookfield Asset Management Inc. BAM.A Canada 6/12/2020 Annual Shareholder 5SP 2: Amend Clawback Policy to Seek Recoupment of Incentive or Equity-Based Compensation Against Against

KEYENCE Corp. 6861 Japan 6/12/2020 Annual Management 1 Approve Allocation of Income, with a Final Dividend of JPY 100 For ForKEYENCE Corp. 6861 Japan 6/12/2020 Annual Management 2.1 Elect Director Takizaki, Takemitsu For AgainstKEYENCE Corp. 6861 Japan 6/12/2020 Annual Management 2.2 Elect Director Nakata, Yu For ForKEYENCE Corp. 6861 Japan 6/12/2020 Annual Management 2.3 Elect Director Kimura, Keiichi For AgainstKEYENCE Corp. 6861 Japan 6/12/2020 Annual Management 2.4 Elect Director Yamaguchi, Akiji For AgainstKEYENCE Corp. 6861 Japan 6/12/2020 Annual Management 2.5 Elect Director Miki, Masayuki For AgainstKEYENCE Corp. 6861 Japan 6/12/2020 Annual Management 2.6 Elect Director Yamamoto, Akinori For AgainstKEYENCE Corp. 6861 Japan 6/12/2020 Annual Management 2.7 Elect Director Kanzawa, Akira For AgainstKEYENCE Corp. 6861 Japan 6/12/2020 Annual Management 2.8 Elect Director Tanabe, Yoichi For ForKEYENCE Corp. 6861 Japan 6/12/2020 Annual Management 2.9 Elect Director Taniguchi, Seiichi For ForKEYENCE Corp. 6861 Japan 6/12/2020 Annual Management 3.1 Appoint Statutory Auditor Takeda, Hidehiko For ForKEYENCE Corp. 6861 Japan 6/12/2020 Annual Management 3.2 Appoint Statutory Auditor Indo, Hiroji For For

KEYENCE Corp. 6861 Japan 6/12/2020 Annual Management 4 Appoint Alternate Statutory Auditor Yamamoto, Masaharu For For

BDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 1Approve Minutes of the Previous Annual Shareholders' Meeting Held on April 22, 2019 For For

BDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 2Approve Audited Financial Statements as of December 31, 2019 For For

BDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 3Approve and Ratify All Acts of the Board of Directors, Board Committees and Management During Their Terms of Office For For

BDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 4.1 Elect Christopher A. Bell-Knight as Director For ForBDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 4.2 Elect Jesus A. Jacinto, Jr. as Director For ForBDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 4.3 Elect Teresita T. Sy as Director For ForBDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 4.4 Elect Josefina N. Tan as Director For ForBDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 4.5 Elect Nestor V. Tan as Director For ForBDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 4.6 Elect George T. Barcelon as Director For For

Page 99: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

BDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 4.7 Elect Jose F. Buenaventura as Director For ForBDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 4.8 Elect Jones M. Castro, Jr. as Director For ForBDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 4.9 Elect Vicente S. Perez, Jr. as Director For ForBDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 4.10 Elect Dioscoro I. Ramos as Director For ForBDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 4.11 Elect Gilberto C. Teodoro, Jr. as Director For For

BDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 5

Approve Amendments to BDO's Articles of Incorporation and By-Laws to Conform to the Revised Corporation Code of the Philippines and BDO's Current Operations and Structure as well as Enhance Corporate Governance For For

BDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 6 Appoint External Auditor For ForBDO Unibank, Inc. BDO Philippines 6/16/2020 Annual Management 7 Approve Other Matters For AgainstKinaxis Inc. KXS Canada 6/16/2020 Annual Management 1.1 Elect Director John (Ian) Giffen For ForKinaxis Inc. KXS Canada 6/16/2020 Annual Management 1.2 Elect Director Robert Courteau For ForKinaxis Inc. KXS Canada 6/16/2020 Annual Management 1.3 Elect Director Gillian (Jill) Denham For ForKinaxis Inc. KXS Canada 6/16/2020 Annual Management 1.4 Elect Director Angel Mendez For ForKinaxis Inc. KXS Canada 6/16/2020 Annual Management 1.5 Elect Director Pamela Passman For ForKinaxis Inc. KXS Canada 6/16/2020 Annual Management 1.6 Elect Director Elizabeth (Betsy) Rafael For ForKinaxis Inc. KXS Canada 6/16/2020 Annual Management 1.7 Elect Director Kelly Thomas For ForKinaxis Inc. KXS Canada 6/16/2020 Annual Management 1.8 Elect Director John Sicard For ForKinaxis Inc. KXS Canada 6/16/2020 Annual Management 2 Ratify KPMG LLP as Auditors For ForKinaxis Inc. KXS Canada 6/16/2020 Annual Management 3 Advisory Vote on Executive Compensation Approach For ForMastercard Incorporated MA USA 6/16/2020 Annual Management 1a Elect Director Richard Haythornthwaite For ForMastercard Incorporated MA USA 6/16/2020 Annual Management 1b Elect Director Ajay Banga For ForMastercard Incorporated MA USA 6/16/2020 Annual Management 1c Elect Director Richard K. Davis For AgainstMastercard Incorporated MA USA 6/16/2020 Annual Management 1d Elect Director Steven J. Freiberg For AgainstMastercard Incorporated MA USA 6/16/2020 Annual Management 1e Elect Director Julius Genachowski For AgainstMastercard Incorporated MA USA 6/16/2020 Annual Management 1f Elect Director Choon Phong Goh For ForMastercard Incorporated MA USA 6/16/2020 Annual Management 1g Elect Director Merit E. Janow For ForMastercard Incorporated MA USA 6/16/2020 Annual Management 1h Elect Director Oki Matsumoto For AgainstMastercard Incorporated MA USA 6/16/2020 Annual Management 1i Elect Director Youngme Moon For AgainstMastercard Incorporated MA USA 6/16/2020 Annual Management 1j Elect Director Rima Qureshi For ForMastercard Incorporated MA USA 6/16/2020 Annual Management 1k Elect Director Jose Octavio Reyes Lagunes For AgainstMastercard Incorporated MA USA 6/16/2020 Annual Management 1l Elect Director Gabrielle Sulzberger For ForMastercard Incorporated MA USA 6/16/2020 Annual Management 1m Elect Director Jackson Tai For ForMastercard Incorporated MA USA 6/16/2020 Annual Management 1n Elect Director Lance Uggla For For

Mastercard Incorporated MA USA 6/16/2020 Annual Management 2Advisory Vote to Ratify Named Executive Officers' Compensation For Against

Mastercard Incorporated MA USA 6/16/2020 Annual Management 3 Ratify PricewaterhouseCoopers LLP as Auditors For ForMetLife, Inc. MET USA 6/16/2020 Annual Management 1a Elect Director Cheryl W. Grise For ForMetLife, Inc. MET USA 6/16/2020 Annual Management 1b Elect Director Carlos M. Gutierrez For ForMetLife, Inc. MET USA 6/16/2020 Annual Management 1c Elect Director Gerald L. Hassell For ForMetLife, Inc. MET USA 6/16/2020 Annual Management 1d Elect Director David L. Herzog For ForMetLife, Inc. MET USA 6/16/2020 Annual Management 1e Elect Director R. Glenn Hubbard For ForMetLife, Inc. MET USA 6/16/2020 Annual Management 1f Elect Director Edward J. Kelly, III For For

Page 100: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

MetLife, Inc. MET USA 6/16/2020 Annual Management 1g Elect Director William E. Kennard For ForMetLife, Inc. MET USA 6/16/2020 Annual Management 1h Elect Director Michel A. Khalaf For ForMetLife, Inc. MET USA 6/16/2020 Annual Management 1i Elect Director Catherine R. Kinney For ForMetLife, Inc. MET USA 6/16/2020 Annual Management 1j Elect Director Diana L. McKenzie For ForMetLife, Inc. MET USA 6/16/2020 Annual Management 1k Elect Director Denise M. Morrison For ForMetLife, Inc. MET USA 6/16/2020 Annual Management 1l Elect Director Mark A. Weinberger For ForMetLife, Inc. MET USA 6/16/2020 Annual Management 2 Ratify Deloitte & Touche LLP as Auditors For For

MetLife, Inc. MET USA 6/16/2020 Annual Management 3Advisory Vote to Ratify Named Executive Officers' Compensation For For

TravelSky Technology Limited 696 China 6/18/2020 Annual Management 1 Approve 2019 Report of the Board of Directors For ForTravelSky Technology Limited 696 China 6/18/2020 Annual Management 2 Approve 2019 Report of the Supervisory Committee For For

TravelSky Technology Limited 696 China 6/18/2020 Annual Management 3Approve 2019 Audited Financial Statements of the Company and Its Subsidiaries For For

TravelSky Technology Limited 696 China 6/18/2020 Annual Management 4Approve 2019 Allocation of Profit and Distribution of Final Dividend For For

TravelSky Technology Limited 696 China 6/18/2020 Annual Management 5

Approve BDO Limited as International Auditors and BDO China Shu Lun Pan (Certified Public Accountants LLP) as PRC Auditors and Authorize Board to Fix Their Remuneration For For

Airtac International Group 1590 Cayman Islands 6/23/2020 Annual Management 1Approve Business Operations Report and Consolidated Financial Statements For For

Airtac International Group 1590 Cayman Islands 6/23/2020 Annual Management 2 Amend Articles of Association For For

Airtac International Group 1590 Cayman Islands 6/23/2020 Annual Management 3Amend Rules and Procedures Regarding Shareholder's General Meeting For For

FANUC Corp. 6954 Japan 6/26/2020 Annual Management 1Approve Allocation of Income, with a Final Dividend of JPY 174.65 For For

FANUC Corp. 6954 Japan 6/26/2020 Annual Management 2.1 Elect Director Inaba, Yoshiharu For AgainstFANUC Corp. 6954 Japan 6/26/2020 Annual Management 2.2 Elect Director Yamaguchi, Kenji For ForFANUC Corp. 6954 Japan 6/26/2020 Annual Management 2.3 Elect Director Uchida, Hiroyuki For AgainstFANUC Corp. 6954 Japan 6/26/2020 Annual Management 2.4 Elect Director Gonda, Yoshihiro For AgainstFANUC Corp. 6954 Japan 6/26/2020 Annual Management 2.5 Elect Director Saito, Yutaka For AgainstFANUC Corp. 6954 Japan 6/26/2020 Annual Management 2.6 Elect Director Inaba, Kiyonori For AgainstFANUC Corp. 6954 Japan 6/26/2020 Annual Management 2.7 Elect Director Noda, Hiroshi For AgainstFANUC Corp. 6954 Japan 6/26/2020 Annual Management 2.8 Elect Director Michael J. Cicco For AgainstFANUC Corp. 6954 Japan 6/26/2020 Annual Management 2.9 Elect Director Tsukuda, Kazuo For ForFANUC Corp. 6954 Japan 6/26/2020 Annual Management 2.10 Elect Director Imai, Yasuo For ForFANUC Corp. 6954 Japan 6/26/2020 Annual Management 2.11 Elect Director Ono, Masato For ForFANUC Corp. 6954 Japan 6/26/2020 Annual Management 2.12 Elect Director Yamazaki, Naoko For ForFANUC Corp. 6954 Japan 6/26/2020 Annual Management 3 Appoint Statutory Auditor Tomita, Mieko For ForNew Look Vision Group Inc. BCI Canada 6/26/2020 Annual Management 1.1 Elect Director Antoine Amiel For ForNew Look Vision Group Inc. BCI Canada 6/26/2020 Annual Management 1.2 Elect Director W. John Bennett For ForNew Look Vision Group Inc. BCI Canada 6/26/2020 Annual Management 1.3 Elect Director Richard Cherney For WithholdNew Look Vision Group Inc. BCI Canada 6/26/2020 Annual Management 1.4 Elect Director Denyse Chicoyne For ForNew Look Vision Group Inc. BCI Canada 6/26/2020 Annual Management 1.5 Elect Director M. William Cleman For ForNew Look Vision Group Inc. BCI Canada 6/26/2020 Annual Management 1.6 Elect Director Paul S. Echenberg For For

Page 101: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

New Look Vision Group Inc. BCI Canada 6/26/2020 Annual Management 1.7 Elect Director Pierre Matuszewski For ForNew Look Vision Group Inc. BCI Canada 6/26/2020 Annual Management 1.8 Elect Director C. Emmett Pearson For For

New Look Vision Group Inc. BCI Canada 6/26/2020 Annual Management 2Approve Raymond Chabot Grant Thornton LLP as Auditors and Authorize Board to Fix Their Remuneration For For

New Look Vision Group Inc. BCI Canada 6/26/2020 Annual Management 3Amend By-Law Re: Meetings of Shareholders to be Held by Telephonic, Electronic or Other Communication Means For For

SMC Corp. (Japan) 6273 Japan 6/26/2020 Annual Management 1 Approve Allocation of Income, with a Final Dividend of JPY 200 For ForSMC Corp. (Japan) 6273 Japan 6/26/2020 Annual Management 2.1 Elect Director Maruyama, Katsunori For ForSMC Corp. (Japan) 6273 Japan 6/26/2020 Annual Management 2.2 Elect Director Takada, Yoshiki For AgainstSMC Corp. (Japan) 6273 Japan 6/26/2020 Annual Management 2.3 Elect Director Kosugi, Seiji For AgainstSMC Corp. (Japan) 6273 Japan 6/26/2020 Annual Management 2.4 Elect Director Satake, Masahiko For AgainstSMC Corp. (Japan) 6273 Japan 6/26/2020 Annual Management 2.5 Elect Director Isoe, Toshio For AgainstSMC Corp. (Japan) 6273 Japan 6/26/2020 Annual Management 2.6 Elect Director Ota, Masahiro For AgainstSMC Corp. (Japan) 6273 Japan 6/26/2020 Annual Management 2.7 Elect Director Maruyama, Susumu For AgainstSMC Corp. (Japan) 6273 Japan 6/26/2020 Annual Management 2.7 Elect Director Kaizu, Masanobu For AgainstSMC Corp. (Japan) 6273 Japan 6/26/2020 Annual Management 2.8 Elect Director Samuel Neff For AgainstSMC Corp. (Japan) 6273 Japan 6/26/2020 Annual Management 2.8 Elect Director Kagawa, Toshiharu For AgainstSMC Corp. (Japan) 6273 Japan 6/26/2020 Annual Management 3 Approve Director Retirement Bonus For For

SMC Corp. (Japan) 6273 Japan 6/26/2020 Annual Management 4 Approve Bonus Related to Retirement Bonus System Abolition For ForSMC Corp. (Japan) 6273 Japan 6/26/2020 Annual Management 5 Approve Trust-Type Equity Compensation Plan For ForWinpak Ltd. WPK Canada 6/26/2020 Annual Management 1.1 Elect Director Antti I. Aarnio-Wihuri For WithholdWinpak Ltd. WPK Canada 6/26/2020 Annual Management 1.2 Elect Director Martti H. Aarnio-Wihuri For WithholdWinpak Ltd. WPK Canada 6/26/2020 Annual Management 1.3 Elect Director Rakel J. Aarnio-Wihuri For WithholdWinpak Ltd. WPK Canada 6/26/2020 Annual Management 1.4 Elect Director Bruce J. Berry For WithholdWinpak Ltd. WPK Canada 6/26/2020 Annual Management 1.5 Elect Director Kenneth P. Kuchma For WithholdWinpak Ltd. WPK Canada 6/26/2020 Annual Management 1.6 Elect Director Dayna Spiring For ForWinpak Ltd. WPK Canada 6/26/2020 Annual Management 1.7 Elect Director Ilkka T. Suominen For WithholdWinpak Ltd. WPK Canada 6/26/2020 Annual Management 2 Ratify KPMG LLP as Auditors For For

Mitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 1Approve Allocation of Income, with a Final Dividend of JPY 12.5 For For

Mitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 2.1 Elect Director Fujii, Mariko For ForMitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 2.2 Elect Director Honda, Keiko For ForMitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 2.3 Elect Director Kato, Kaoru For ForMitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 2.4 Elect Director Matsuyama, Haruka For ForMitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 2.5 Elect Director Toby S. Myerson For ForMitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 2.6 Elect Director Nomoto, Hirofumi For AgainstMitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 2.7 Elect Director Shingai, Yasushi For ForMitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 2.8 Elect Director Tarisa Watanagase For ForMitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 2.9 Elect Director Yamate, Akira For ForMitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 2.1 Elect Director Okamoto, Junichi For AgainstMitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 2.11 Elect Director Ogura, Ritsuo For For

Page 102: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

Mitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 2.12 Elect Director Hirano, Nobuyuki For ForMitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 2.13 Elect Director Mike, Kanetsugu For ForMitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 2.14 Elect Director Araki, Saburo For ForMitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 2.15 Elect Director Nagashima, Iwao For ForMitsubishi UFJ Financial Group, Inc. 8306 Japan 6/29/2020 Annual Management 2.16 Elect Director Kamezawa, Hironori For ForAXA SA CS France 6/30/2020 Annual/Special Management 1 Approve Financial Statements and Statutory Reports For For

AXA SA CS France 6/30/2020 Annual/Special Management 2Approve Consolidated Financial Statements and Statutory Reports For For

AXA SA CS France 6/30/2020 Annual/Special Management 3Approve Allocation of Income and Dividends of EUR 0.73 per Share For For

AXA SA CS France 6/30/2020 Annual/Special Management 4 Approve Compensation of Corporate Officers For For

AXA SA CS France 6/30/2020 Annual/Special Management 5Approve Compensation of Denis Duverne, Chairman of the Board For For

AXA SA CS France 6/30/2020 Annual/Special Management 6 Approve Compensation of Thomas Buberl, CEO For ForAXA SA CS France 6/30/2020 Annual/Special Management 7 Approve Remuneration Policy of CEO For For

AXA SA CS France 6/30/2020 Annual/Special Management 8 Approve Remuneration Policy of Chairman of the Board For ForAXA SA CS France 6/30/2020 Annual/Special Management 9 Approve Remuneration Policy of Directors For For

AXA SA CS France 6/30/2020 Annual/Special Management 10Approve Auditors' Special Report on Related-Party Transactions Mentioning the Absence of New Transactions For For

AXA SA CS France 6/30/2020 Annual/Special Management 11 Reelect Angelien Kemna as Director For ForAXA SA CS France 6/30/2020 Annual/Special Management 12 Reelect Irene Dorner as Director For ForAXA SA CS France 6/30/2020 Annual/Special Management 13 Elect Isabel Hudson as Director For ForAXA SA CS France 6/30/2020 Annual/Special Management 14 Elect Antoine Gosset-Grainville as Director For ForAXA SA CS France 6/30/2020 Annual/Special Management 15 Elect Marie-France Tschudin as Director For ForAXA SA CS France 6/30/2020 Annual/Special Shareholder 16 Elect Helen Browne as Director For ForAXA SA CS France 6/30/2020 Annual/Special Shareholder A Elect Jerome Amouyal as Director Against AgainstAXA SA CS France 6/30/2020 Annual/Special Shareholder B Elect Constance Reschke as Director Against Against

AXA SA CS France 6/30/2020 Annual/Special Management 17Authorize Repurchase of Up to 10 Percent of Issued Share Capital For For

AXA SA CS France 6/30/2020 Annual/Special Shareholder C Elect Bamba Sall as Director Against AgainstAXA SA CS France 6/30/2020 Annual/Special Shareholder D Elect Bruno Guy-Wasier as Director Against Against

AXA SA CS France 6/30/2020 Annual/Special Management 18Authorize Capital Issuances for Use in Employee Stock Purchase Plans For For

AXA SA CS France 6/30/2020 Annual/Special Shareholder E Elect Timothy Leary as Director Against Against

AXA SA CS France 6/30/2020 Annual/Special Management 19

Authorize Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of the Group's Subsidiaries For For

AXA SA CS France 6/30/2020 Annual/Special Shareholder F Elect Ashitkumar Shah as Director Against Against

AXA SA CS France 6/30/2020 Annual/Special Management 20Authorize Decrease in Share Capital via Cancellation of Repurchased Shares For For

AXA SA CS France 6/30/2020 Annual/Special Management 21 Amend Article 10 of Bylaws Re: Employee Representatives For For

Page 103: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

AXA SA CS France 6/30/2020 Annual/Special Management 22 Authorize Filing of Required Documents/Other Formalities For ForL'Oreal SA OR France 6/30/2020 Annual/Special Management 1 Approve Financial Statements and Statutory Reports For For

L'Oreal SA OR France 6/30/2020 Annual/Special Management 2Approve Consolidated Financial Statements and Statutory Reports For For

L'Oreal SA OR France 6/30/2020 Annual/Special Management 3

Approve Allocation of Income and Dividends of EUR 3.85 per Share and an Extra of EUR 0.38 per Share to Long Term Registered Shares For For

L'Oreal SA OR France 6/30/2020 Annual/Special Management 4 Elect Nicolas Meyers as Director For ForL'Oreal SA OR France 6/30/2020 Annual/Special Management 5 Elect Ilham Kadri as Director For ForL'Oreal SA OR France 6/30/2020 Annual/Special Management 6 Reelect Beatrice Guillaume-Grabisch as Director For AgainstL'Oreal SA OR France 6/30/2020 Annual/Special Management 7 Reelect Jean-Victor Meyers as Director For AgainstL'Oreal SA OR France 6/30/2020 Annual/Special Management 8 Approve Compensation Report of Corporate Officers For For

L'Oreal SA OR France 6/30/2020 Annual/Special Management 9 Approve Compensation of Jean-Paul Agon, Chairman and CEO For ForL'Oreal SA OR France 6/30/2020 Annual/Special Management 10 Approve Remuneration Policy of Corporate Officers For For

L'Oreal SA OR France 6/30/2020 Annual/Special Management 11Authorize Repurchase of Up to 10 Percent of Issued Share Capital For For

L'Oreal SA OR France 6/30/2020 Annual/Special Management 12Authorize Decrease in Share Capital via Cancellation of Repurchased Shares For For

L'Oreal SA OR France 6/30/2020 Annual/Special Management 13Authorize up to 0.6 Percent of Issued Capital for Use in Restricted Stock Plans For For

L'Oreal SA OR France 6/30/2020 Annual/Special Management 14Authorize Capital Issuances for Use in Employee Stock Purchase Plans For For

L'Oreal SA OR France 6/30/2020 Annual/Special Management 15

Authorize Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of International Subsidiaries For For

L'Oreal SA OR France 6/30/2020 Annual/Special Management 16 Amend Article 8 of Bylaws Re: Employee Reprensentatives For For

L'Oreal SA OR France 6/30/2020 Annual/Special Management 17 Authorize Filing of Required Documents/Other Formalities For ForLVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 1 Approve Financial Statements and Statutory Reports For For

LVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 2Approve Consolidated Financial Statements and Statutory Reports For For

LVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 3Approve Allocation of Income and Dividends of EUR 4.80 per Share For For

LVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 4 Approve Auditors' Special Report on Related-Party Transactions For AgainstLVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 5 Reelect Delphine Arnault as Director For ForLVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 6 Reelect Antonio Belloni as Director For AgainstLVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 7 Reelect Diego Della Valle as Director For AgainstLVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 8 Reelect Marie-Josee Kravis as Director For ForLVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 9 Reelect Marie-Laure Sauty de Chalon as Director For ForLVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 10 Elect Natacha Valla as Director For ForLVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 11 Appoint Lord Powell of Bayswater as Censor For Against

Page 104: Our Integrated Approach to Proxy Voting · investment thesis. In 2020, as in 2019, we supported 33% of shareholder proposals. Our voting record is evidence of our thoughtful, principles-based

Vote Summary ReportReporting Period: 07/01/2019 to 06/30/2020

Company Name Ticker Country Meeting Meeting Type ProponentProposal Number

Proposal TextManagement

RecommendationVote Instruction

LVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 12 Approve Compensation Report of Corporate Officers For Against

LVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 13 Approve Compensation of Bernard Arnault, Chairman and CEO For AgainstLVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 14 Approve Compensation of Antonio Belloni, Vice-CEO For AgainstLVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 15 Approve Remuneration Policy of Corporate Officers For ForLVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 16 Approve Remuneration Policy of Chairman and CEO For AgainstLVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 17 Approve Remuneration Policy of Vice-CEO For Against

LVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 18Authorize Repurchase of Up to 10 Percent of Issued Share Capital For For

LVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 19Authorize Decrease in Share Capital via Cancellation of Repurchased Shares For For

LVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 20Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plans For Against

LVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 21 Amend Article 11 of Bylaws Re: Employee Representative For For

LVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 22Amend Article 13 of Bylaws Re: Board Members Deliberation via Written Consultation For For

LVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 23 Amend Article 14 of Bylaws Re: Board Powers For For

LVMH Moet Hennessy Louis Vuitton SE MC France 6/30/2020 Annual/Special Management 24Amend Article 20, 21, 23 and 25 of Bylaws to Comply with Legal Changes For For

Notes : - Amadeus IT Group SA: We held shares as part of one or more portfolios on the date of record but the proxy was not successfully voted due to a technical issue. We have investigated the matter and enhanced our process to address the issue.

- Atlas Copco AB - We held shares as part of one or more portfolios on the date of record but the proxy was not successfully voted due to a technical issue. We are investigating the matter and the best way prevent similar errors in the future.

- CGI Inc. Item 3 - Our vote was incorrectly transcribed by our proxy voting service provider. Our intention was to vote FOR this item. We are following up with our provider and assessing the process to address the issue.