Brandes U.S. Individuals | Responsible Investing Statement

Responsible Investing.

Brandes Investment Partners believes that sound governance practices and responsible corporate behavior contribute to the long-term performance of public companies. We integrate evaluation of material environmental, social, and governance (“ESG”) issues into our research process and the allocation of capital on behalf of clients. Unless otherwise directed by clients we do not automatically avoid investment in industries or companies with poor ESG records. Brandes makes decisions on a case-by-case basis, taking into account material ESG and other risks together with long-term return potential. From time to time, we may also evaluate the potential to enhance stakeholder value by investing in and subsequently engaging with a company on its ESG practices.

Reflecting the firm’s longstanding commitment to ESG issues, Brandes created a Corporate Governance Committee in 1999. This committee serves as an internal resource to investment professionals with respect to responsible investing issues, proxy voting and engagement with investee companies.

Brandes is a signatory to the United Nations-supported Principles for Responsible Investment Initiative, and has issued a statement of agreement with the stewardship code in Japan.