Sustainalytics Review of the Sage Taxable ESG Portfolio as of December 31, 2019

To be eligible for the ESG portfolio, the issuer must be considered at least an average performer in their subindustry (Overall ESG Score percentile of >66%), and must not be involved in any major environmental, social or governance controversies (defined as Category 4 or 5, based on Sustainalytics’ methodology). The framework allows for 15% of corporate holding to be issuances that do not meet the above criteria due to risk and liquidity considerations. As of December 2019, 82.2% of corporate bond holdings were considered eligible under the established framework, with 17.8% of the holdings included for liquidity and risk considerations. Six holdings were exposed to a controversy rated at the category 4 level, and no holdings were exposed to a Category 5 level controversy. Furthermore, 52% of portfolio holdings ranked in the top 20% of their respective peergroup for Overall ESG Score, reflecting industry leading ESG performance.

  • DATE: December 31, 2019
  • TYPE: PDF

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