Votes Contre Le Management

AXA Investment Managers Rapport de vote - AXA ROSENBERG EUROBLOC Q1-Q3 2020

Fonds AXA ROSENBERG EUROBLOC

Periode de Q1-Q3 2020 reporting

Résumé Column1Column3 Column4 C2 Nombre d'assemblées 158 Nombre d'assemblées votées 158 Nombre d'assemblées avec au moins un vote contre ou abstention 73 % d'assemblées avec au moins un vote contre ou abstention 46% Nombre de résolutions 2543 Nombre de votes contre et abstentions 199 % de votes contre et abstentions 8% Votes Contre le Management

3% 3% 3%3% 4% 6% 51%

27%

Remuneration Structure du Conseil d'Administration Comptes & Auditeurs Operations liees au Capital Defense Anti-OPA Statuts Reorganisation / M&A Transactions avec des parties liees

Votes contres le management Numéro Nom de Type Date de de la Instruction Pays Texte de la proposition Raison l'entreprise d'assemblée l'assemblée propositio de vote n ASTM SpA Italy Special 12/02/20 1.5 Approve Remuneration of DirectorsAgainst Insufficient Disclosure to make informed voting decisions ASTM SpA Italy Special 12/02/20 2 Appoint One Internal Statutory AuditorAgainst and One AlternateInsufficient Auditor Disclosure to make informed voting decisions CECONOMY AG Germany Annual 12/02/20 5 Elect Christoph Vilanek to the SupervisoryAgainst Board Concerns about time commitments Kone Oyj Finland Annual 25/02/20 10 Approve Remuneration Policy And AgainstOther Terms of RemunerationEmployment For Policy Executive not aligned Management with long-term shareholder interests Kone Oyj Finland Annual 25/02/20 13 Reelect Matti Alahuhta, Anne Brunila,Against Antti Herlin, IirisConcerns Herlin, aboutJussi BoardHerlin, structureRavi Kant, Juhani Kaskeala and Sirpa Pietikainen as Directors; Elect Susan Duinhoven as New Director Mapfre SA Spain Annual 13/03/20 9 Approve Remuneration Policy Against Remuneration Policy not aligned with long-term shareholder interests Mapfre SA Spain Annual 13/03/20 10 Advisory Vote on Remuneration ReportAgainst Concerns about alignment of pay with performance Citycon Oyj Finland Annual 17/03/20 11 Approve Remuneration Policy And AgainstOther Terms of RemunerationEmployment For Policy Executive not aligned Management with long-term shareholder interests Sanoma Oyj Finland Annual 25/03/20 10 Approve Remuneration Policy And AgainstOther Terms of RemunerationEmployment For Policy Executive not aligned Management with long-term shareholder interests EDP Renovaveis SASpain Annual 26/03/20 9 Authorize Issuance of Non-ConvertibleAgainst and/or ConvertibleDilution Bonds, of shareholders' Debentures, economic Warrants, interests and Other Debt Securities without Preemptive Rights up to EUR 300 Million Proximus SA Belgium Annual 15/04/20 17e Elect Director Proposed by the BelgianAgainst State Insufficient Disclosure to make informed voting decisions

#AXA IM - INTERNAL AXA Investment Managers Rapport de vote - AXA ROSENBERG EUROBLOC Q1-Q3 2020

Airbus SE NetherlandsAnnual 16/04/20 4.3 Approve Discharge of Non-ExecutiveAgainst Members of theConcerns Board of about Directors problematic board actions Airbus SE NetherlandsAnnual 16/04/20 4.4 Approve Discharge of Executive MembersAgainst of the BoardConcerns of Directors about problematic board actions Vivendi SA France Annual/Special 20/04/20 4 Reelect Yannick Bollore as SupervisoryAgainst Board MemberConcerns about Board oversight of remuneration issues Vivendi SA France Annual/Special 20/04/20 7 Approve Auditors' Special Report onAgainst Related-Party RemunerationTransactions Policy not aligned with long-term shareholder interests Vivendi SA France Annual/Special 20/04/20 8 Approve Compensation Report of CorporateAgainst OfficersRemuneration Policy not aligned with long-term shareholder interests Vivendi SA France Annual/Special 20/04/20 9 Approve Compensation of YannickAgainst Bollore, ChairmanRemuneration of the Supervisory Policy notBoard aligned with long-term shareholder interests Vivendi SA France Annual/Special 20/04/20 10 Approve Compensation of Arnaud deAgainst Puyfontaine, ChairmanRemuneration of the Policy Management not aligned Board with long-term shareholder interests Vivendi SA France Annual/Special 20/04/20 11 Approve Compensation of Gilles Alix,Against ManagementRemuneration Board Member Policy not aligned with long-term shareholder interests Vivendi SA France Annual/Special 20/04/20 12 Approve Compensation of Cedric deAgainst Bailliencourt, ManagementRemuneration Board Policy Member not aligned with long-term shareholder interests Vivendi SA France Annual/Special 20/04/20 13 Approve Compensation of FredericAgainst Crepin, ManagementRemuneration Board Member Policy not aligned with long-term shareholder interests Vivendi SA France Annual/Special 20/04/20 14 Approve Compensation of Simon Gillham,Against ManagementRemuneration Board Member Policy not aligned with long-term shareholder interests Vivendi SA France Annual/Special 20/04/20 15 Approve Compensation of Herve Philippe,Against ManagementRemuneration Board Member Policy not aligned with long-term shareholder interests Vivendi SA France Annual/Special 20/04/20 16 Approve Compensation of StephaneAgainst Roussel, ManagementRemuneration Board Policy Member not aligned with long-term shareholder interests Vivendi SA France Annual/Special 20/04/20 17 Approve Remuneration Policy of ChairmanAgainst and MembersRemuneration of Supervisory Policy notBoard aligned with long-term shareholder interests Vivendi SA France Annual/Special 20/04/20 18 Approve Remuneration Policy of ChairmanAgainst of ManagementRemuneration Board Policy not aligned with long-term shareholder interests Vivendi SA France Annual/Special 20/04/20 19 Approve Remuneration Policy of ManagementAgainst BoardRemuneration Members Policy not aligned with long-term shareholder interests Vivendi SA France Annual/Special 20/04/20 20 Approve Additional Pension SchemeAgainst Agreement withRemuneration Arnaud de Puyfontaine, Policy not aligned Chairman with oflong-term the Management shareholder Board interests Vivendi SA France Annual/Special 20/04/20 21 Approve Additional Pension SchemeAgainst Agreement withRemuneration Gilles Alix, Management Policy not aligned Board with Member long-term shareholder interests Vivendi SA France Annual/Special 20/04/20 22 Approve Additional Pension SchemeAgainst Agreement withRemuneration Cedric de Bailliencourt, Policy not aligned Management with long-term Board Member shareholder interests Vivendi SA France Annual/Special 20/04/20 23 Approve Additional Pension SchemeAgainst Agreement withRemuneration Frederic Crepin, Policy Management not aligned withBoard long-term Member shareholder interests Vivendi SA France Annual/Special 20/04/20 24 Approve Additional Pension SchemeAgainst Agreement withRemuneration Simon Gillham, Policy Management not aligned Board with long-term Member shareholder interests Vivendi SA France Annual/Special 20/04/20 25 Approve Additional Pension SchemeAgainst Agreement withRemuneration Herve Philippe, Policy Management not aligned Board with long-term Member shareholder interests Vivendi SA France Annual/Special 20/04/20 26 Approve Additional Pension SchemeAgainst Agreement withRemuneration Stephane Roussel, Policy not Management aligned with Board long-term Member shareholder interests Vivendi SA France Annual/Special 20/04/20 28 Authorize Specific Buyback ProgramAgainst and CancellationProposal of Repurchased is not in the Share interest of shareholders Eiffage SA France Annual/Special 22/04/20 10 Approve Compensation of Benoit deAgainst Ruffray, ChairmanRemuneration and CEO Policy not aligned with long-term shareholder interests Eiffage SA France Annual/Special 22/04/20 21 Authorize up to 1 Million Shares forAgainst Use in Stock OptionRemuneration Plans Policy not aligned with long-term shareholder interests Eiffage SA France Annual/Special 22/04/20 25 Textual References Regarding ChangeAgainst of CodificationInsufficient Disclosure to make informed voting decisions Veolia EnvironnementFrance SA Annual/Special 22/04/20 6 Reelect Jacques Aschenbroich as DirectorAgainst Concerns about time commitments Bouygues SA France Annual/Special 23/04/20 4 Approve Auditors' Special Report onAgainst Related-Party ProposalTransactions is not in the interest of shareholders Bouygues SA France Annual/Special 23/04/20 5 Approve Remuneration Policy of CorporateAgainst OfficersRemuneration Policy not aligned with long-term shareholder interests Bouygues SA France Annual/Special 23/04/20 8 Approve Compensation of Martin BouyguesAgainst Remuneration Policy not aligned with long-term shareholder interests Bouygues SA France Annual/Special 23/04/20 9 Approve Compensation of Olivier BouyguesAgainst Remuneration Policy not aligned with long-term shareholder interests Bouygues SA France Annual/Special 23/04/20 10 Approve Compensation of PhilippeAgainst Marien Remuneration Policy not aligned with long-term shareholder interests Bouygues SA France Annual/Special 23/04/20 11 Approve Compensation of Olivier RoussatAgainst Remuneration Policy not aligned with long-term shareholder interests Bouygues SA France Annual/Special 23/04/20 16 Authorize Board to Issue Free WarrantsAgainst with PreemptiveAnti-takeover Rights During device a Public Tender Offer Bouygues SA France Annual/Special 23/04/20 18 Delegate Power to the Board of DirectorsAgainst to AmendProposal the Bylaws weakens to Comply shareholder with Legal rights Changes Heineken NV NetherlandsAnnual 23/04/20 1.b Approve Remuneration Report Against Insufficient Disclosure to make informed voting decisionsRemuneration Policy not aligned with long-term shareholder interests Heineken NV NetherlandsAnnual 23/04/20 3 Approve Remuneration Policy for ManagementAgainst BoardRemuneration Policy not aligned with long-term shareholder interests Heineken NV NetherlandsAnnual 23/04/20 6.b Amend Article 13 Paragraph 10 of theAgainst Articles of AssociationProposal weakens shareholder rights Telecom Italia SpAItaly Annual/Special 23/04/20 4 Approve Long Term Incentive PlanAgainst Remuneration Policy not aligned with long-term shareholder interests Telecom Italia SpAItaly Annual/Special 23/04/20 5 Authorize Board to Increase CapitalAgainst to Service LongRemuneration Term Incentive Policy Plan not aligned with long-term shareholder interests Wolters Kluwer NVNetherlandsAnnual 23/04/20 2.c Approve Remuneration Report Against Remuneration Policy not aligned with long-term shareholder interests Wolters Kluwer NVNetherlandsAnnual 23/04/20 6 Approve Remuneration Policy for ManagementAgainst BoardRemuneration Policy not aligned with long-term shareholder interests Galapagos NV Belgium Annual/Special 28/04/20 5 Approve Remuneration Policy Against Remuneration Policy not aligned with long-term shareholder interests Galapagos NV Belgium Annual/Special 28/04/20 6 Approve Remuneration Report Against Remuneration Policy not aligned with long-term shareholder interests Galapagos NV Belgium Annual/Special 28/04/20 13 Approve Offer of 85,000 SubscriptionAgainst Rights Remuneration Policy not aligned with long-term shareholder interests Kesko Oyj Finland Annual 28/04/20 11 Approve Remuneration Policy And AgainstOther Terms of RemunerationEmployment For Policy Executive not aligned Management with long-term shareholder interests Sanofi France Annual 28/04/20 18 Approve Compensation of Paul Hudson,Against CEO SinceRemuneration Sept. 1, 2019 Policy not aligned with long-term shareholder interests Sanofi France Annual 28/04/20 19 Approve Compensation of Olivier Brandicourt,Against CEORemuneration Until Aug. 31, Policy2019 not aligned with long-term shareholder interests Hera SpA Italy Annual/Special 29/04/20 2.2 Approve Second Section of the RemunerationAgainst ReportInsufficient Disclosure to make informed voting decisions Recordati SpA Italy Annual 29/04/20 2b Elect Directors (Bundled) Against Insufficient Disclosure to make informed voting decisions Recordati SpA Italy Annual 29/04/20 2c Approve Remuneration of DirectorsAgainst Insufficient Disclosure to make informed voting decisions Recordati SpA Italy Annual 29/04/20 2d Deliberations Pursuant to Article 2390Against of Civil CodeInsufficient Re: Decisions Disclosure Inherent to to make Authorization informed ofvoting Board decisions Members to Assume Positions in Competing Companies Recordati SpA Italy Annual 29/04/20 5b Approve Second Section of the RemunerationAgainst ReportRemuneration Policy not aligned with long-term shareholder interests Telenet Group HoldingBelgium NV Annual 29/04/20 4 Approve Remuneration Report Against Remuneration Policy not aligned with long-term shareholder interests Telenet Group HoldingBelgium NV Annual 29/04/20 9 Approve Change-of-Control ClauseAgainst Re: PerformanceRemuneration Shares, Share Policy Option, not alignedand Restricted with long-term Share Plansshareholder interests TietoEVRY Corp. Finland Annual 29/04/20 14 Approve Remuneration of AuditorsAgainst Concerns about audit oversight TietoEVRY Corp. Finland Annual 29/04/20 15 Ratify Deloitte as Auditors Against Concerns about audit oversight Barco NV Belgium Annual 30/04/20 7.3 Reelect Frank Donck as IndependentAgainst Director Concerns about time commitments Barco NV Belgium Annual 30/04/20 9 Indicate Luc Missorten as IndependentAgainst Board MemberConcerns about Board structure UCB SA Belgium Annual/Special 30/04/20 9.2A Reelect Ulf Wiinberg as Director Against Concerns about time commitments Umicore Belgium Annual/Special 30/04/20 10 Ratify PricewaterhouseCoopers as AgainstAuditor and ApproveConcerns Auditors' about Remuneration audit oversight Kemira Oyj Finland Annual 05/05/20 10 Approve Remuneration Policy And AgainstOther Terms of RemunerationEmployment For Policy Executive not aligned Management with long-term shareholder interests Lagardere SCA France Annual/Special 05/05/20 4 Renew Appointment of Mazars as AuditorAgainst Concerns about audit oversight Lagardere SCA France Annual/Special 05/05/20 8 Reelect Martine Chene as SupervisoryAgainst Board MemberWe believe change is warranted at the company Lagardere SCA France Annual/Special 05/05/20 15 Approve Remuneration Policy of ManagementAgainst MembersRemuneration Policy not aligned with long-term shareholder interests Lagardere SCA France Annual/Special 05/05/20 A Dismiss Jamal Benomar as SupervisoryFor Board MemberWe believe change is warranted at the company Lagardere SCA France Annual/Special 05/05/20 B Dismiss Yves Guillemot as SupervisoryFor Board MemberWe believe change is warranted at the company Lagardere SCA France Annual/Special 05/05/20 C Dismiss Soumia Malinbaum as SupervisoryFor Board MemberWe believe change is warranted at the company Lagardere SCA France Annual/Special 05/05/20 D Dismiss Gilles Petit as SupervisoryFor Board Member We believe change is warranted at the company Lagardere SCA France Annual/Special 05/05/20 E Dismiss Aline Sylla-Walbaum as SupervisoryFor BoardWe Member believe change is warranted at the company

#AXA IM - INTERNAL AXA Investment Managers Rapport de vote - AXA ROSENBERG EUROBLOC Q1-Q3 2020

Lagardere SCA France Annual/Special 05/05/20 F Dismiss Susan L. Tolson as SupervisoryFor Board MemberWe believe change is warranted at the company Lagardere SCA France Annual/Special 05/05/20 G Dismiss Patrick Valroff as SupervisoryFor Board MemberWe believe change is warranted at the company Lagardere SCA France Annual/Special 05/05/20 H Elect Patrick Sayer as Supervisory ForBoard Member We believe change is warranted at the company Lagardere SCA France Annual/Special 05/05/20 J Elect Valerie Ohannessian as SupervisoryFor Board MemberWe believe change is warranted at the company Lagardere SCA France Annual/Special 05/05/20 K Elect Yanne Duchesne as SupervisoryFor Board MemberWe believe change is warranted at the company Lagardere SCA France Annual/Special 05/05/20 L Elect Brigitte Taittinger Jouyet as SupervisoryFor BoardWe Member believe change is warranted at the company Lagardere SCA France Annual/Special 05/05/20 M Elect Laurence Bret Stern as SupervisoryFor Board MemberWe believe change is warranted at the company Lagardere SCA France Annual/Special 05/05/20 N Elect Enrico Letta as Supervisory BoardFor Member We believe change is warranted at the company Lagardere SCA France Annual/Special 05/05/20 O Elect Elena Pisonero as SupervisoryFor Board MemberWe believe change is warranted at the company Lagardere SCA France Annual/Special 05/05/20 P Elect Stephan Haimo as SupervisoryFor Board MemberWe believe change is warranted at the company Orion Oyj Finland Annual 06/05/20 10 Approve Remuneration Policy And AgainstOther Terms of RemunerationEmployment For Policy Executive not aligned Management with long-term shareholder interests ACS Actividades deSpain ConstruccionAnnual y Servicios SA 07/05/20 4.1 Reelect Javier Echenique LandiribarAgainst as Director Concerns about Board structure ACS Actividades deSpain ConstruccionAnnual y Servicios SA 07/05/20 4.2 Reelect Mariano Hernandez HerrerosAgainst as Director Concerns about Board structure KBC Group SA/NVBelgium Annual 07/05/20 10b Elect Erik Clinck as Director Against Concerns about Board structure KBC Group SA/NVBelgium Annual 07/05/20 10c Elect Liesbet Okkerse as Director Against Concerns about Board structure KBC Group SA/NVBelgium Annual 07/05/20 10d Reelect Theodoros Roussis as DirectorAgainst Concerns about Board structure KBC Group SA/NVBelgium Annual 07/05/20 10e Reelect Sonja De Becker as DirectorAgainst Concerns about Board structure Tokmanni Group OyjFinland Annual 07/05/20 10 Approve Remuneration Policy And AgainstOther Terms of RemunerationEmployment For Policy Executive not aligned Management with long-term shareholder interests. Agfa-Gevaert NV Belgium Special 12/05/20 1 Authorize Share Repurchase ProgramAgainst and ReissuanceDilution of Repurchased of shareholders' Shares economic interests Solvay SA Belgium Annual/Special 12/05/20 7d Indicate Aude Thibaut de MaisieresAgainst as IndependentConcerns Board Member about Board structure Bekaert SA Belgium Annual 13/05/20 7.3 Approve Remuneration of ChairmanAgainst of the Board Remuneration Policy not aligned with long-term shareholder interests Bekaert SA Belgium Special 13/05/20 3 Authorize Repurchase of Up to 20 PercentAgainst of IssuedDilution Share ofCapital shareholders' economic interests Bekaert SA Belgium Special 13/05/20 4 Authorize Board to Repurchase SharesAgainst in the EventAnti-takeover of a Serious deviceand Imminent Harm Bekaert SA Belgium Special 13/05/20 5 Authorize Reissuance of RepurchasedAgainst Shares Dilution of shareholders' economic interests Bekaert SA Belgium Special 13/05/20 6 Authorize Board to Issue Shares inAgainst the Event of a PublicAnti-takeover Tender Offerdevice or Share Exchange Offer Bekaert SA Belgium Special 13/05/20 7 Renew Authorization to Increase ShareAgainst Capital withinDilution the Framework of shareholders' of Authorized economic Capital interests Bekaert SA Belgium Special 13/05/20 8 Authorize Board to Issue Shares inAgainst the Event of a PublicAnti-takeover Tender Offerdevice or Share Exchange Offer and Renew Authorization to Increase Share Capital within the Framework of Authorized Capital Credit Agricole SAFrance Annual/Special 13/05/20 16 Approve Remuneration Policy of CEOAgainst Remuneration Policy not aligned with long-term shareholder interests Credit Agricole SAFrance Annual/Special 13/05/20 17 Approve Remuneration Policy of Vice-CEOAgainst Remuneration Policy not aligned with long-term shareholder interests Credit Agricole SAFrance Annual/Special 13/05/20 39 Authorize up to 0.75 Percent of IssuedAgainst Capital for UseInsufficient in Restricted Disclosure Stock toPlans make with informed Performance voting decisionsConditions Attached Nexans SA France Annual/Special 13/05/20 13 Approve Remuneration Policy of CEOAgainst Remuneration Policy not aligned with long-term shareholder interests Enel SpA Italy Annual 14/05/20 10.1 Approve Remuneration Policy Against Remuneration Policy not aligned with long-term shareholder interests ENGIE SA France Annual/Special 14/05/20 4 Approve Termination Package of IsabelleAgainst Kocher, CEOInsufficient Until Feb. Disclosure 24, 2020 to make informed voting decisions ENGIE SA France Annual/Special 14/05/20 7 Reelect Fabrice Bregier as DirectorAgainst Concerns about problematic board actions ENGIE SA France Annual/Special 14/05/20 8 Reelect Lord Peter Ricketts of ShortlandsAgainst as DirectorConcerns about problematic board actions ENGIE SA France Annual/Special 14/05/20 17 Approve Remuneration Policy of CEOAgainst For TransitionalRemuneration Period Since Policy Feb. not 24, aligned 2020 Until with Appointment long-term shareholder of New CEO interests ASM International NVNetherlandsAnnual 18/05/20 10.c Reelect Martin van Pernis to SupervisoryAgainst Board Concerns about time commitments Elia Group SA/NV Belgium Annual/Special 19/05/20 4 Approve Remuneration Report Against Remuneration Policy not aligned with long-term shareholder interests Capgemini SE France Annual/Special 20/05/20 18 Renew Appointment of PricewaterhouseCoopersAgainst AuditConcerns as Auditor about audit oversight Leonardo SpA Italy Annual 20/05/20 7 Approve Remuneration of DirectorsAgainst Proposal is not in the interest of shareholders Leonardo SpA Italy Annual 20/05/20 9 Approve Second Section of the RemunerationAgainst ReportRemuneration Policy not aligned with long-term shareholder interests Natixis SA France Annual/Special 20/05/20 7 Approve Compensation of FrancoisAgainst Riah, CEO Remuneration Policy not aligned with long-term shareholder interests Natixis SA France Annual/Special 20/05/20 9 Approve Remuneration Policy of FrancoisAgainst Riah, CEORemuneration Policy not aligned with long-term shareholder interests Uniper SE Germany Annual 20/05/20 8.2 Elect Bernhard Guenther to the SupervisoryAgainst Board Concerns about time commitments United Internet AGGermany Annual 20/05/20 7.2 Approve Creation of Further DelegationAgainst Right for RalphProposal Dommermuth is not in the interest of shareholders Dassault SystemesFrance SA Annual/Special 26/05/20 7 Approve Compensation of Bernard AgainstCharles, Vice-ChairmanRemuneration and CEO Policy not aligned with long-term shareholder interests Dassault SystemesFrance SA Annual/Special 26/05/20 15 Authorize up to 4 Percent of IssuedAgainst Capital for Use Remunerationin Stock Option Policy Plans not aligned with long-term shareholder interests Dassault SystemesFrance SA Annual/Special 26/05/20 17 Delegate Power to the Board to CarryAgainst Mergers by AbsorptionProposal is not in the interest of shareholders Dassault SystemesFrance SA Annual/Special 26/05/20 18 Pursuant to Item 17 Above, DelegateAgainst Power to the ProposalBoard to Issueis not Sharesin the interest in Connection of shareholders with Mergers by Absorption Dassault SystemesFrance SA Annual/Special 26/05/20 19 Delegate Power to the Board to CarryAgainst Spin-Off AgreementsProposal is not in the interest of shareholders Dassault SystemesFrance SA Annual/Special 26/05/20 20 Pursuant to Item 19 Above, DelegateAgainst Power to the ProposalBoard to Issueis not Sharesin the interest in Connection of shareholders with Spin-Off Agreements Dassault SystemesFrance SA Annual/Special 26/05/20 21 Delegate Power to the Board to AcquireAgainst Certain AssetsProposal of Another is not inCompany the interest of shareholders Dassault SystemesFrance SA Annual/Special 26/05/20 22 Pursuant to Item 21 Above, DelegateAgainst Power to the ProposalBoard to Issueis not Sharesin the interest in Connection of shareholders with Acquisitions Naturgy Energy GroupSpain SA Annual 26/05/20 10 Advisory Vote on Remuneration ReportAgainst Remuneration Policy not aligned with long-term shareholder interests Nokia Oyj Finland Annual 27/05/20 13 Reelect Sari Baldauf, Bruce Brown,Against Jeanette Horan,Concerns Edward Kozel,about timeElizabeth commitments Nelson, Soren Skou, Carla Smits-Nusteling and Kari Stadigh as Directors, Elect Thomas Dannenfeldt as New Director D'Ieteren SA Belgium Annual/Special 28/05/20 1.1 Authorize Board to Issue Shares inAgainst the Event of a PublicAnti-takeover Tender Offerdevice or Share Exchange Offer D'Ieteren SA Belgium Annual/Special 28/05/20 1.2 Authorize Board to Repurchase SharesAgainst in the EventAnti-takeover of a Serious deviceand Imminent Harm and Under Normal Conditions Merck KGaA Germany Annual 28/05/20 6 Ratify KPMG AG as Auditors for FiscalAgainst 2020 Concerns about audit oversight Carrefour SA France Annual/Special 29/05/20 8 Approve Compensation of AlexandreAgainst Bompard, ChairmanRemuneration and CEO Policy not aligned with long-term shareholder interests Semapa SociedadePortugal de InvestimentoAnnual e Gestao SGPS SA29/05/20 5 Approve Statement on RemunerationAgainst Policy Remuneration Policy not aligned with long-term shareholder interests Anheuser-Busch InBevBelgium SA/NVAnnual/Special 03/06/20 B8.c Reelect Alexandre Van Damme as AgainstDirector Concerns about Board structure Anheuser-Busch InBevBelgium SA/NVAnnual/Special 03/06/20 B8.d Reelect Gregoire de Spoelberch asAgainst Director Concerns about Board structure Anheuser-Busch InBevBelgium SA/NVAnnual/Special 03/06/20 B8.e Reelect Paul Cornet de Ways RuartAgainst as Director Concerns about Board structure Anheuser-Busch InBevBelgium SA/NVAnnual/Special 03/06/20 B8.f Reelect Paulo Lemann as Director Against Concerns about Board structure Anheuser-Busch InBevBelgium SA/NVAnnual/Special 03/06/20 B8.g Reelect Maria Asuncion AramburuzabalaAgainst as DirectorConcerns about Board structure Anheuser-Busch InBevBelgium SA/NVAnnual/Special 03/06/20 B8.h Elect Roberto Thompson Motta as AgainstDirector Concerns about Board structure Anheuser-Busch InBevBelgium SA/NVAnnual/Special 03/06/20 B8.j Reelect William F. Gifford, Jr. as DirectorAgainst Concerns about Board structure Anheuser-Busch InBevBelgium SA/NVAnnual/Special 03/06/20 B8.k Reelect Alejandro Santo Domingo DavilaAgainst as DirectorConcerns about Board structure Anheuser-Busch InBevBelgium SA/NVAnnual/Special 03/06/20 B9 Approve Remuneration Report Against Remuneration Policy not aligned with long-term shareholder interests ATOS SE France Annual/Special 16/06/20 11 Renew Appointment of Grant ThorntonAgainst as Auditor Concerns about audit oversight Kering SA France Annual/Special 16/06/20 11 Approve Compensation of Francois-HenriAgainst Pinault, ChairmanRemuneration and CEO Policy not aligned with long-term shareholder interests

#AXA IM - INTERNAL AXA Investment Managers Rapport de vote - AXA ROSENBERG EUROBLOC Q1-Q3 2020

Kering SA France Annual/Special 16/06/20 12 Approve Compensation of Jean-FrancoisAgainst Palus, Vice-CEORemuneration Policy not aligned with long-term shareholder interests Kering SA France Annual/Special 16/06/20 15 Renew Appointments of Deloitte andAgainst Associes as AuditorConcerns and about BEAS audit as Alternate oversight Auditor Kering SA France Annual/Special 16/06/20 17 Authorize up to 1 Percent of IssuedAgainst Capital for Use Proposalin Restricted is not Stock in the Plans interest of shareholders Metropole TelevisionFrance SA Annual/Special 16/06/20 5 Approve Severance Agreement withAgainst David Larramendy,Remuneration Management Policy Board not alignedMember with long-term shareholder interests Metropole TelevisionFrance SA Annual/Special 16/06/20 17 Approve Remuneration Policy of ChairmanAgainst of the ManagementRemuneration Board Policy not aligned with long-term shareholder interests Metropole TelevisionFrance SA Annual/Special 16/06/20 18 Approve Compensation of ThomasAgainst Valentin, ManagementRemuneration Board MemberPolicy not aligned with long-term shareholder interests Metropole TelevisionFrance SA Annual/Special 16/06/20 19 Approve Compensation of Jerome AgainstLefebure, ManagementRemuneration Board MemberPolicy not aligned with long-term shareholder interests Metropole TelevisionFrance SA Annual/Special 16/06/20 20 Approve Compensation of David Larramendy,Against ManagementRemuneration Board Policy Member not aligned with long-term shareholder interests Metropole TelevisionFrance SA Annual/Special 16/06/20 21 Approve Compensation of ChristopherAgainst Baldelli, ManagementRemuneration Board Policy Member not aligned Until July with 01, long-term 2019 shareholder interests Metropole TelevisionFrance SA Annual/Special 16/06/20 22 Approve Remuneration Policy of ManagementAgainst BoardRemuneration Members Policy not aligned with long-term shareholder interests Metropole TelevisionFrance SA Annual/Special 16/06/20 29 Textual References Regarding ChangeAgainst of CodificationProposal is not in the interest of shareholders STMicroelectronicsNetherlands NV Annual 17/06/20 4.a Approve Remuneration Report Against Remuneration Policy not aligned with long-term shareholder interests STMicroelectronicsNetherlands NV Annual 17/06/20 4.c Approve Remuneration Policy for ManagementAgainst BoardRemuneration Policy not aligned with long-term shareholder interests STMicroelectronicsNetherlands NV Annual 17/06/20 5 Approve Restricted Stock Grants toAgainst President and CEORemuneration Policy not aligned with long-term shareholder interests STMicroelectronicsNetherlands NV Annual 17/06/20 13.a Grant Board Authority to Issue SharesAgainst Up To 10 PercentAnti-takeover of Issued device Capital and Exclude Pre-emptive Rights NOS SGPS SA Portugal Annual 19/06/20 7 Ratify Co-options of Ana Rita FerreiraAgainst Rodrigues Cernadas,Concerns Cristina about Board Maria structurede Jesus Marques and Jose Carvalho de Freitas as Directors Flow Traders NV NetherlandsAnnual 24/06/20 2.e Approve Remuneration Report Against Insufficient Disclosure to make informed voting decisions Flow Traders NV NetherlandsAnnual 24/06/20 2.f Approve Remuneration Policy for ManagementAgainst BoardRemuneration Policy not aligned with long-term shareholder interests Eurofins Scientific SELuxembourgAnnual/Special 26/06/20 9 Approve Remuneration Policy Against Insufficient Disclosure to make informed voting decisions Eurofins Scientific SELuxembourgAnnual/Special 26/06/20 10 Approve Remuneration Report Against Insufficient Disclosure to make informed voting decisions Eurofins Scientific SELuxembourgAnnual/Special 26/06/20 12 Reelect Gilles Martin as Director Against Concerns about Board structure - Combined Chair/CEO Eurofins Scientific SELuxembourgAnnual/Special 26/06/20 1 Approve Issuance of Equity or Equity-LinkedAgainst SecuritiesDilution without of shareholders' Preemptive Rightseconomic interests Teleperformance SEFrance Annual/Special 26/06/20 30 Textual References Regarding ChangeAgainst of CodificationProposal weakens shareholder rights bioMerieux SA France Annual/Special 30/06/20 5 Approve Auditors' Special Report onAgainst Related-Party InsufficientTransactions Disclosure Mentioning to makethe Absence informed of votingNew Transactions decisions LVMH Moet HennessyFrance Louis VuittonAnnual/Special SE 30/06/20 4 Approve Auditors' Special Report onAgainst Related-Party InsufficientTransactions Disclosure to make informed voting decisions LVMH Moet HennessyFrance Louis VuittonAnnual/Special SE 30/06/20 11 Appoint Lord Powell of Bayswater asAgainst Censor Proposal is not in the interest of shareholders LVMH Moet HennessyFrance Louis VuittonAnnual/Special SE 30/06/20 12 Approve Compensation Report of CorporateAgainst OfficersRemuneration Policy not aligned with long-term shareholder interests LVMH Moet HennessyFrance Louis VuittonAnnual/Special SE 30/06/20 13 Approve Compensation of Bernard AgainstArnault, ChairmanRemuneration and CEO Policy not aligned with long-term shareholder interests LVMH Moet HennessyFrance Louis VuittonAnnual/Special SE 30/06/20 14 Approve Compensation of Antonio AgainstBelloni, Vice-CEORemuneration Policy not aligned with long-term shareholder interests LVMH Moet HennessyFrance Louis VuittonAnnual/Special SE 30/06/20 16 Approve Remuneration Policy of ChairmanAgainst and CEORemuneration Policy not aligned with long-term shareholder interests LVMH Moet HennessyFrance Louis VuittonAnnual/Special SE 30/06/20 17 Approve Remuneration Policy of Vice-CEOAgainst Remuneration Policy not aligned with long-term shareholder interests LVMH Moet HennessyFrance Louis VuittonAnnual/Special SE 30/06/20 20 Authorize up to 1 Percent of IssuedAgainst Capital for Use Remunerationin Restricted Stock Policy Plans not aligned with long-term shareholder interests QIAGEN NV NetherlandsAnnual 30/06/20 5 Approve Remuneration Report Against Remuneration Policy not aligned with long-term shareholder interests QIAGEN NV NetherlandsAnnual 30/06/20 9.g Reelect Elizabeth E. Tallett to SupervisoryAgainst Board Concerns about time commitments QIAGEN NV NetherlandsAnnual 30/06/20 11 Adopt Remuneration Policy for ManagementAgainst BoardRemuneration Policy not aligned with long-term shareholder interests Daimler AG Germany Annual 08/07/20 7 Elect Timotheus Hoettges to the SupervisoryAgainst BoardConcerns about time commitments Daimler AG Germany Annual 08/07/20 12.2 Amend Articles Re: Majority RequirementAgainst for PassingProposal Resolutions weakens at General shareholder Meetings rights adidas AG Germany Annual 11/08/20 7 Ratify KPMG AG as Auditors for FiscalAgainst 2020 Concerns about audit oversight Prosus NV NetherlandsAnnual 18/08/20 2 Approve Remuneration Report Against Remuneration Policy not aligned with long-term shareholder interests Prosus NV NetherlandsAnnual 18/08/20 5 Approve Remuneration Policy for ExecutiveAgainst DirectorsRemuneration Policy not aligned with long-term shareholder interests Prosus NV NetherlandsAnnual 18/08/20 14 Amend Prosus Share Award Plan Against Remuneration Policy not aligned with long-term shareholder interests Deutsche Post AGGermany Annual 27/08/20 5 Ratify PricewaterhouseCoopers GmbHAgainst as Auditors Concernsfor Fiscal 2020about audit oversight Bouygues SA France Special 04/09/20 2 Approve Remuneration Policy of CorporateAgainst OfficersRemuneration Policy not aligned with long-term shareholder interests Vienna Insurance GroupAustria AG Annual 25/09/20 5 Ratify KPMG Austria GmbH as AuditorsAgainst for Fiscal 2021Concerns about audit oversight Vienna Insurance GroupAustria AG Annual 25/09/20 8 Approve Remuneration Policy Against Remuneration Policy not aligned with long-term shareholder interests OMV AG Austria Annual 29/09/20 9.2 Elect Wolfgang Berndt as SupervisoryAbstain Board MemberResolution (In a Letter withdrawn from Sept. 17, 2020, Mr. Berndt has Declared that He Will Not Stand for Election)

#AXA IM - INTERNAL AXA Investment Managers Rapport de vote - AXA ROSENBERG EUROBLOC Q1-Q3 2020

Insufficient Disclosure to make informed voting decisionsRemuneration Policy not aligned with long-term shareholder interests

#AXA IM - INTERNAL AXA Investment Managers Rapport de vote - AXA ROSENBERG EUROBLOC Q1-Q3 2020

#AXA IM - INTERNAL