Vote Summary Report Date Range Covered: 07/01/2018 to 07/31/2018

Voting July 2018

Schroders is required to publish records of voting in order to achieve compliance with the UK Stewardship Code. According, voting in accordance with our house policy is set out on the following pages. Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

City Union Bank Ltd

Meeting Date: 07/01/2018 Country: India Meeting Type: Special Ticker: 532210

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Approve Issuance of Bonus Shares For For

Braemar Hotels & Resorts, Inc.

Meeting Date: 07/03/2018 Country: USA Meeting Type: Annual Ticker: BHR

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1.1 Elect Director Monty J. Bennett For For

1.2 Elect Director Stefani D. Carter For Withhold

Blended Rationale: WITHHOLD votes are warranted for incumbent Governance Committee members Stefani Carter and Matthew Rinaldi for a material governance failure. The company's governing documents prohibit or restrict shareholders' ability to amend the company bylaws.

1.3 Elect Director Kenneth H. Fearn For For

1.4 Elect Director Curtis B. McWilliams For For

1.5 Elect Director Matthew D. Rinaldi For Withhold

1.6 Elect Director Abteen Vaziri For For

2 Ratify BDO USA, LLP as Auditors For For

PVR Limited

Meeting Date: 07/03/2018 Country: India Meeting Type: Special Ticker: PVR

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Approve Increase in Borrowing Powers For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

PVR Limited

Proposal Vote Number Proposal Text Mgmt Rec Instruction

Blended Rationale: A vote FOR these resolutions is warranted given that the proposed debt limit is within a reasonable range.

2 Approve Pledging of Assets for Debt For For

Blended Rationale: A vote FOR these resolutions is warranted given that the proposed debt limit is within a reasonable range.

3 Approve Issuance of Non-Convertible For For Debentures on Private Placement Basis

4 Approve Increase in Limit on Foreign For For Shareholdings

5 Approve Reappointment and Remuneration of For For Ajay Bijli as Chairman and Managing Director

Blended Rationale: A vote FOR these resolutions is warranted given the absence of any known issues concerning the nominees and their remuneration.

6 Approve Reappointment and Remuneration of For For Sanjeev Kumar as Joint Managing Director

Blended Rationale: A vote FOR these resolutions is warranted given the absence of any known issues concerning the nominees and their remuneration.

NewRiver REIT plc

Meeting Date: 07/04/2018 Country: Guernsey Meeting Type: Annual Ticker: NRR

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Re-elect Paul Roy as Director For For

Blended Rationale: A vote FOR the re-election of Paul Roy, David Lockhart, Allan Lockhart, Mark Davies, Kay Chaldecott, and Alastair Miller and the election of Baroness Margaret Ford (Ford of Cunninghame) is warranted because no significant concerns have been identified.

4 Re-elect David Lockhart as Director For For

5 Re-elect Allan Lockhart as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

NewRiver REIT plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

6 Re-elect Mark Davies as Director For For

7 Re-elect Kay Chaldecott as Director For For

8 Re-elect Alastair Miller as Director For For

9 Elect Margaret Ford as Director For For

10 Ratify Deloitte LLP as Auditors For For

11 Authorise the Audit Committee to Fix For For Remuneration of Auditors

12 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

13 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

14 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

15 Authorise Market Purchase of Ordinary Shares For For

16 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

3i Infrastructure plc

Meeting Date: 07/05/2018 Country: Jersey Meeting Type: Annual Ticker: 3IN

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

3i Infrastructure plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

4 Re-elect Richard Laing as Director For For

Blended Rationale: Item 4 A vote FOR the re-election of Richard Laing is warrante, although it is not without concern for shareholders as: * Apart from his role as NED, he also has NED and Chairman positions at three other listed companies which could potentially compromise his ability to commit sufficient time to his role in the Company. Mitigating, the main reason for support is: * His outside roles are all at investment trusts. Taking this into account, a degree of flexibility is considered appropriate. His external commitments will be kept under review. Items 5 to 9 A vote FOR the election of Robert Jennings and the re-election of Ian Lobley, Paul Masterton, Doug Bannister, and Wendy Dorman is warranted because no significant concerns have been identified.

5 Re-elect Ian Lobley as Director For For

6 Re-elect Paul Masterton as Director For For

7 Re-elect Doug Bannister as Director For For

8 Re-elect Wendy Dorman as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

3i Infrastructure plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

9 Elect Robert Jennings as Director For For

10 Ratify Deloitte LLP as Auditors For For

11 Authorise Board to Fix Remuneration of Auditors For For

12 Approve Scrip Dividend Scheme For For

Blended Rationale: A vote FOR these resolutions is warranted because these are routine items and no significant concerns have been identified.

13 Authorise Capitalisation of the Appropriate For For Amounts of New Ordinary Shares to be Allotted Under the Scrip Dividend Scheme

Blended Rationale: A vote FOR these resolutions is warranted because these are routine items and no significant concerns have been identified.

14 Authorise Issue of Equity without Pre-emptive For For Rights

15 Authorise Market Purchase of Ordinary Shares For For

Great Portland Estates plc

Meeting Date: 07/05/2018 Country: United Kingdom Meeting Type: Annual Ticker: GPOR

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Final Dividend For For

3 Approve Remuneration Report For For

4 Re-elect Toby Courtauld as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

5 Re-elect Nick Sanderson as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Great Portland Estates plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

6 Re-elect Martin Scicluna as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

7 Re-elect Charles Philipps as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

8 Re-elect Wendy Becker as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

9 Re-elect Nick Hampton as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

10 Re-elect Richard Mully as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

11 Elect Alison Rose as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

12 Reappoint Deloitte LLP as Auditors For For

13 Authorise the Audit Committee to Fix For For Remuneration of Auditors

14 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: Items 14-15 A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits. Item 16 A vote FOR this resolution is warranted although it is not without concern because: * Although the proposed amount and duration is within recommended limits, the authority can be used to fund development or refurbishment expenditure under the definition of specified capital investment.

15 Authorise Issue of Equity without Pre-emptive For For Rights

16 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

17 Authorise Market Purchase of Ordinary Shares For For

18 Authorise the Company to Call EGM with Two For For Weeks' Notice

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Pennon Group plc

Meeting Date: 07/05/2018 Country: United Kingdom Meeting Type: Annual Ticker: PNN

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Final Dividend For For

3 Approve Remuneration Report For For

4 Re-elect Sir John Parker as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

5 Re-elect Martin Angle as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

6 Re-elect Neil Cooper as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

7 Re-elect Susan Davy as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

8 Re-elect Christopher Loughlin as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

9 Re-elect Gill Rider as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

10 Reappoint Ernst & Young LLP as Auditors For For

11 Authorise the Audit Committee to Fix For For Remuneration of Auditors

12 Authorise EU Political Donations and For For Expenditure

13 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

14 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

15 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Specified Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Pennon Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

16 Authorise Market Purchase of Ordinary Shares For For

17 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

U and I Group PLC

Meeting Date: 07/05/2018 Country: United Kingdom Meeting Type: Annual Ticker: UAI

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Re-elect Peter Williams as Director For For

Blended Rationale: Item 3 Peter Williams A vote AGAINST the re-election of this Director is warranted: * In addition to his role as Board Chair of U and I Group plc, he is also the chair of two other listed companies, Boohoo.com plc and DP Eurasia NV, and the SID of Rightmove plc. Overall, these positions are significant time commitments and cause potential concern over his ability to adequately fulfill his role as Chair of U and I Group plc. Items 4-10 A vote FOR these Directors is warranted as no significant concerns have been identified.

4 Re-elect Matthew Weiner as Director For For

5 Re-elect Richard Upton as Director For For

6 Re-elect Marcus Shepherd as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

U and I Group PLC

Proposal Vote Number Proposal Text Mgmt Rec Instruction

7 Re-elect Nick Thomlinson as Director For For

8 Re-elect Barry Bennett as Director For For

9 Re-elect Lynn Krige as Director For For

10 Elect Ros Kerslake as Director For For

11 Approve Final Dividend For For

12 Reappoint PricewaterhouseCoopers LLP as For For Auditors

13 Authorise Board to Fix Remuneration of Auditors For For

14 Authorise Market Purchase of Ordinary Shares For For

15 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

16 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

17 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

18 Authorise EU Political Donations and For For Expenditure

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Burckhardt Compression Holding AG

Meeting Date: 07/06/2018 Country: Switzerland Meeting Type: Annual Ticker: BCHN

Proposal Vote Number Proposal Text Mgmt Rec Instruction

2 Accept Financial Statements and Statutory For For Reports

3 Approve Allocation of Income and Dividends of For For CHF 6.00 per Share

4 Approve Discharge of Board and Senior For For Management

5.1.1 Reelect Valentin Vogt as Director For For

Blended Rationale: Votes FOR the proposed nominees are warranted.

5.1.2 Reelect Hans Hess as Director For For

Blended Rationale: Votes FOR the proposed nominees are warranted.

5.1.3 Reelect Urs Leinhaeuser as Director For For

Blended Rationale: Votes FOR the proposed nominees are warranted.

5.1.4 Reelect Monika Kruesi as Director For For

Blended Rationale: Votes FOR the proposed nominees are warranted.

5.1.5 Reelect Stephan Bross as Director For For

Blended Rationale: Votes FOR the proposed nominees are warranted.

5.2 Reelect Valentin Vogt as Board Chairman For For

Blended Rationale: Votes FOR the proposed nominees are warranted.

5.3.1 Reappoint Hans Hess as Member of the For For Compensation Committee

Blended Rationale: Votes FOR the proposed nominees are warranted.

5.3.2 Reappoint Stephan Bross as Member of the For For Compensation Committee

Blended Rationale: Votes FOR the proposed nominees are warranted.

5.4 Ratify PricewaterhouseCoopers AG as Auditors For For

5.5 Designate Andreas Keller as Independent Proxy For For

6.1 Approve Variable Remuneration of Executive For For Committee in the Amount of CHF 511,000

Blended Rationale: Votes FOR are warranted because the proposals appears to be in line with market practice and do not raise significant concerns.

6.2 Approve Remuneration Report (Non-Binding) For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Burckhardt Compression Holding AG

Proposal Vote Number Proposal Text Mgmt Rec Instruction

6.3 Approve Fixed Remuneration of Directors in the For For Amount of CHF 580,000

6.4 Approve Fixed Remuneration of Executive For For Committee in the Amount of CHF 2.1 Million

Blended Rationale: Votes FOR are warranted because the proposals appears to be in line with market practice and do not raise significant concerns.

7 Transact Other Business (Voting) For Against

Voter Rationale: Lack of disclosure

Blended Rationale: Lack of disclosure

Burckhardt Compression Holding AG

Meeting Date: 07/06/2018 Country: Switzerland Meeting Type: Annual Ticker: BCHN

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Share Re-registration Consent For For

Capital Gearing Trust plc

Meeting Date: 07/06/2018 Country: United Kingdom Meeting Type: Annual Ticker: CGT

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

4 Re-elect Graham Meek as Director For For

Blended Rationale: A vote FOR the re-election of these Directors is warranted because no significant concerns have been identified.

5 Re-elect Jean Matterson as Director For For

Blended Rationale: A vote FOR the re-election of these Directors is warranted because no significant concerns have been identified.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Capital Gearing Trust plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

6 Re-elect Robin Archibald as Director For For

Blended Rationale: A vote FOR the re-election of these Directors is warranted because no significant concerns have been identified.

7 Reappoint PricewaterhouseCoopers LLP as For For Auditors

8 Authorise Board to Fix Remuneration of Auditors For For

9 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: Item 9 A vote FOR this resolution is warranted because the proposed amount and duration are within recommended limits. Item 10 A vote AGAINST this resolution is warranted because: * The proposed amount is above 5 percent of issued share capital (or 10 percent where there is a commitment that shares will be issued at or above NAV).

10 Authorise Issue of Equity without Pre-emptive For Against Rights Voter Rationale: Excessive dilution.

Blended Rationale: Excessive dilution.

11 Authorise Market Purchase of Ordinary Shares For For

12 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Changyou.com Ltd.

Meeting Date: 07/06/2018 Country: Cayman Islands Meeting Type: Annual Ticker: CYOU

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1.1 Elect Charles Zhang as Director For For

1.2 Elect Dewen Chen as Director For For

1.3 Elect Dave De Yang as Director For For

1.4 Elect Xiao Chen as Director For For

1.5 Elect Charles (Sheung Wai) Chan as Director For For

2 Approve Appointment of For For PricewaterhouseCoopers Zhong Tian LLP as Auditor

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

China Longyuan Power Group Corporation Ltd.

Meeting Date: 07/06/2018 Country: China Meeting Type: Special Ticker: 916

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1.1 Elect Qiao Baoping as Director For For

1.2 Elect Liu Jinhuan as Director For For

1.3 Elect Luan Baoxing as Director For For

1.4 Elect Yang Xiangbin as Director For For

1.5 Elect Li Enyi as Director For For

1.6 Elect Huang Qun as Director For For

1.7 Elect Zhang Songyi as Director For For

1.8 Elect Meng Yan as Director For For

1.9 Elect Han Dechang as Director For For

2.1 Elect Chen Bin as Supervisor For For

2.2 Elect Yu Yongping as Supervisor For For

Romgaz SA

Meeting Date: 07/06/2018 Country: Romania Meeting Type: Special Ticker: SNG

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Elect Directors via Cumulative Voting For For

Blended Rationale: In view of total lack of information regarding this item, a vote AGAINST is recommended.

2 Fix Duration of Mandate of Elected Directors For For

Blended Rationale: Votes FOR these items are warranted because the proposed term, remuneration and contracts do not raise any concerns.

3 Approve Fixed Remuneration of Elected For For Directors

Blended Rationale: Votes FOR these items are warranted because the proposed term, remuneration and contracts do not raise any concerns.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Romgaz SA

Proposal Vote Number Proposal Text Mgmt Rec Instruction

4 Approve Contract of Mandate for Elected For For Directors

Blended Rationale: Votes FOR these items are warranted because the proposed term, remuneration and contracts do not raise any concerns.

5 Empower Ministry of Energy Representative to For For Sign Contracts with Elected Directors

Blended Rationale: Votes FOR these items are warranted because the proposed term, remuneration and contracts do not raise any concerns.

6 Approve Meeting's Record Date For For

7 Authorize Filing of Required Documents/Other For For Formalities

Value and Income Trust plc

Meeting Date: 07/06/2018 Country: United Kingdom Meeting Type: Annual Ticker: VIN

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

4 Re-elect James Ferguson as Director For For

Blended Rationale: Item 4 A vote AGAINST the re-election of James Ferguson is warranted because: * A potential independence issue has been identified and he is currently a member of the Audit Committee which is contrary to UK best practice recommendations. He is also a member of Nomination Committee which fulfills the function of a remuneration committee. * Apart from his role as Board Chair, he also serves as Chair at four other listed companies as well as NED of another listed company, which could potentially compromise his ability to commit sufficient time to his role in the Company. Further, as Chairman, he is considered to be ultimately responsible for the Company's corporate governance practices, and the following deviation from best practice has been identified: * A majority of the Board members have served for more than nine years. It is noted however that board refreshment was undertaken during the year under review. Items 5 & 8 A vote FOR the re-election/election of John Kay and Dominic Neary is warranted because no significant concerns have been identified. Items 6 & 7 A vote AGAINST the re-election of Angela Lascelles and Matthew Oakeshott is warranted because: * They are considered non-independent and are currently members of the Nomination Committee which fulfils the function of a remuneration committee.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Value and Income Trust plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

5 Re-elect John Kay as Director For For

6 Re-elect Angela Lascelles as Director For For

7 Re-elect Matthew Oakeshott as Director For For

8 Elect Dominic Neary as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Value and Income Trust plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

9 Reappoint Grant Thornton UK LLP as Auditors For For

10 Authorise Board to Fix Remuneration of Auditors For For

11 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

12 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

13 Authorise Market Purchase of Ordinary Shares For For

14 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Healthcare Trust of America, Inc.

Meeting Date: 07/09/2018 Country: USA Meeting Type: Annual Ticker: HTA

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1a Elect Director Scott D. Peters For For

1b Elect Director W. Bradley Blair, II For Against

Blended Rationale: A vote AGAINST Governance Committee members W. Bradley Blair II, Maurice DeWald, Peter Foss, and Larry Mathis is warranted for a material governance failure. The board unilaterally adopted a bylaw provision allowing shareholders to amend the bylaws, but included a restrictive ownership requirement that limits shareholders' ability to use the right and far exceeds existing SEC rules.

1c Elect Director Vicki U. Booth For For

1d Elect Director Roberta B. Bowman For For

1e Elect Director Maurice J. DeWald For Against

1f Elect Director Warren D. Fix For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Healthcare Trust of America, Inc.

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1g Elect Director Peter N. Foss For Against

1h Elect Director Daniel S. Henson For For

1i Elect Director Larry L. Mathis For Against

1j Elect Director Gary T. Wescombe For For

2 Advisory Vote to Ratify Named Executive For Against Officers' Compensation

Blended Rationale: The minimum vesting period is less than three years.

3 Ratify Deloitte & Touche LLP as Auditors For For

Assura Plc

Meeting Date: 07/10/2018 Country: United Kingdom Meeting Type: Annual Ticker: AGR

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Reappoint Deloitte LLP as Auditors For For

4 Authorise the Audit Committee to Fix For For Remuneration of Auditors

5 Elect Ed Smith as Director For For

Blended Rationale: Items 5-10 A vote FOR these Directors is warranted as no significant concerns have been identified.

6 Re-elect Jonathan Murphy as Director For For

Blended Rationale: Items 5-10 A vote FOR these Directors is warranted as no significant concerns have been identified.

7 Re-elect Jenefer Greenwood as Director For For

Blended Rationale: Items 5-10 A vote FOR these Directors is warranted as no significant concerns have been identified.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Assura Plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

8 Re-elect David Richardson as Director For For

Blended Rationale: Items 5-10 A vote FOR these Directors is warranted as no significant concerns have been identified.

9 Elect Jayne Cottam as Director For For

Blended Rationale: Items 5-10 A vote FOR these Directors is warranted as no significant concerns have been identified.

10 Elect Jonathan Davies as Director For For

Blended Rationale: Items 5-10 A vote FOR these Directors is warranted as no significant concerns have been identified.

11 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

12 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

13 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

14 Authorise Market Purchase of Ordinary Shares For For

15 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Cavco Industries, Inc.

Meeting Date: 07/10/2018 Country: USA Meeting Type: Annual Ticker: CVCO

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1.1 Elect Director Steven G. Bunger For For

1.2 Elect Director Jack Hanna For For

2 Ratify RSM US LLP as Auditors For For

3 Advisory Vote to Ratify Named Executive For For Officers' Compensation

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

DS Smith Plc

Meeting Date: 07/10/2018 Country: United Kingdom Meeting Type: Special Ticker: SMDS

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Approve Acquisition of Europac For For

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

Eurobank Ergasias SA

Meeting Date: 07/10/2018 Country: Greece Meeting Type: Annual Ticker: EUROB

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Discharge of Board and Auditors For For

3 Ratify Auditors For For

5 Elect Directors (Bundled) For For

6 Elect Members and Chairman of Audit For For Committee

7 Approve Director Remuneration For For

JPMorgan European Smaller Companies Trust plc

Meeting Date: 07/10/2018 Country: United Kingdom Meeting Type: Annual Ticker: JESC

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Policy For For

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

3 Approve Remuneration Report For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

JPMorgan European Smaller Companies Trust plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

4 Approve Final Dividend For For

5 Re-elect Carolan Dobson as Director For For

Blended Rationale: Item 5 A vote FOR on the re-election of Carolan Dobson (Non-executive Chair) is warranted, although the following concern should be noted: * Apart from her role as Non-executive Chair of the Company, she also serves at four other publicly listed companies, which could potentially compromise her ability to commit sufficient time to her role in the Company. The main reason for support is: * All of her external commitments are at investment trusts. Taking this into account, a degree of flexibility is considered appropriate. Her external commitments will be kept under review Items 6, 7, & 9 A vote FOR the re-election of Marc Van Gelder, Ashok Gupta, and Stephen White (NEDs) is warranted because no significant concerns have been identified. Item 8 A vote FOR on the re-election of Nicholas Smith (NED) is warranted, although the following concern should be noted: * Apart from his role as NED of the Company, he also serves as Chair at three other publicly listed companies, which could potentially compromise his ability to commit sufficient time to his role in the Company. The main reason for support is: * Majority of his external commitments are at investment trusts. Taking this into account, a degree of flexibility is considered appropriate. His external commitments will be kept under review

6 Re-elect Marc Van Gelder as Director For For

7 Re-elect Ashok Gupta as Director For For

8 Re-elect Nicholas Smith as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

JPMorgan European Smaller Companies Trust plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

9 Re-elect Stephen White as Director For For

10 Reappoint PricewaterhouseCoopers LLP as For For Auditors and Authorise Their Remuneration

11 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

12 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

13 Authorise Market Purchase of Ordinary Shares For For

Kumba Iron Ore Ltd

Meeting Date: 07/10/2018 Country: South Africa Meeting Type: Special Ticker: KIO

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Approve ESOP Scheme For For

2 Approve Remuneration of Lead Independent For For Director

1 Authorise Ratification of Approved Resolutions For For

Marks and Spencer Group plc

Meeting Date: 07/10/2018 Country: United Kingdom Meeting Type: Annual Ticker: MKS

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Marks and Spencer Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

4 Re-elect Archie Norman as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

5 Re-elect Steve Rowe as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

6 Re-elect Vindi Banga as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

7 Re-elect Alison Brittain as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

8 Re-elect Andy Halford as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

9 Re-elect Andrew Fisher as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

10 Elect Humphrey Singer as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

11 Elect Katie Bickerstaffe as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

12 Elect Pip McCrostie as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

13 Reappoint Deloitte LLP as Auditors For For

14 Authorise the Audit Committee to Fix For For Remuneration of Auditors

15 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

16 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Marks and Spencer Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

17 Authorise Market Purchase of Ordinary Shares For For

18 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

19 Authorise EU Political Donations and For For Expenditure

Young & Co's Brewery plc

Meeting Date: 07/10/2018 Country: United Kingdom Meeting Type: Annual Ticker: YNGA

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Final Dividend For For

3 Reappoint Ernst & Young LLP Auditors For For

4 Authorise Board to Fix Remuneration of Auditors For For

5 Re-elect Torquil Sligo-Young as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

6 Re-elect Roger Lambert as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

7 Re-elect Trish Corzine as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

8 Elect Ian McHoul as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

9 Authorise EU Political Donations and For For Expenditure

10 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Young & Co's Brewery plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

11 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

12 Authorise Market Purchase of Ordinary Shares For For

Air Partner plc

Meeting Date: 07/11/2018 Country: United Kingdom Meeting Type: Annual Ticker: AIR

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

Blended Rationale: A vote AGAINST this resolution is warranted because of the following reason: * The Auditors (Deloitte LLP) provided a qualified opinion on the financial statements arising from an accounting issue.

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

4 Re-elect Mark Briffa as Director For For

Blended Rationale: A vote FOR the re-election of Mark Briffa, Richard Jackson, Peter Saunders, Shaun Smith and Amanda Wills is warranted because no significant concerns have been identified.

5 Re-elect Richard Jackson as Director For For

Blended Rationale: A vote FOR the re-election of Mark Briffa, Richard Jackson, Peter Saunders, Shaun Smith and Amanda Wills is warranted because no significant concerns have been identified.

6 Re-elect Peter Saunders as Director For For

Blended Rationale: A vote FOR the re-election of Mark Briffa, Richard Jackson, Peter Saunders, Shaun Smith and Amanda Wills is warranted because no significant concerns have been identified.

7 Re-elect Shaun Smith as Director For For

Blended Rationale: A vote FOR the re-election of Mark Briffa, Richard Jackson, Peter Saunders, Shaun Smith and Amanda Wills is warranted because no significant concerns have been identified.

8 Re-elect Amanda Wills as Director For For

Blended Rationale: A vote FOR the re-election of Mark Briffa, Richard Jackson, Peter Saunders, Shaun Smith and Amanda Wills is warranted because no significant concerns have been identified.

9 Reappoint Deloitte LLP as Auditors For For

10 Authorise the Audit and Risk Committee to Fix For For Remuneration of Auditors

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Air Partner plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

11 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

12 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

13 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

14 Authorise Market Purchase of Ordinary Shares For For

15 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

BT Group plc

Meeting Date: 07/11/2018 Country: United Kingdom Meeting Type: Annual Ticker: BT.A

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For Against

Voter Rationale: Despite reductions bonus, pay is still too high

Blended Rationale: Despite reductions bonus, pay is still too high

3 Approve Final Dividend For For

4 Elect Jan du Plessis as Director For For

Blended Rationale: Item 4-7 & 9-12 A vote FOR these Directors is warranted as no significant concerns have been identified. Item 8 A vote FOR this resolution is warranted although it is not without concern because: * In addition to his role as NED, Tim Höttges is CEO at Deutsche Telekom AG, Chair at T-Mobile US, Inc and NED at Henkel AG & Co. Together these represent significant external time commitments which might undermine his ability to serve effectively on the Board of BT Group. However, qualified support is warranted as: * Some flexibility is consider warranted on this occasion as he is a shareholder nominee, and there is a sufficient number of independent NEDs for whom there are no concerns over time commitments. * Many of his positions are inter-related e.g. Deutsche Telekom where he is CEO, is the majority shareholder of T-Mobile US, Inc.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

BT Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

5 Re-elect Gavin Patterson as Director For For

6 Re-elect Simon Lowth as Director For For

7 Re-elect Iain Conn as Director For For

8 Re-elect Tim Hottges as Director For For

9 Re-elect Isabel Hudson as Director For For

10 Re-elect Mike Inglis as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

BT Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

11 Re-elect Nick Rose as Director For For

12 Re-elect Jasmine Whitbread as Director For For

13 Appoint KPMG LLP as Auditors For For

14 Authorise Board to Fix Remuneration of Auditors For For

15 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

16 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

17 Authorise Market Purchase of Ordinary Shares For For

18 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

19 Authorise EU Political Donations and For For Expenditure

Hermes Property Unit Trust

Meeting Date: 07/11/2018 Country: United Kingdom Meeting Type: Annual Ticker: N/A

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Hermes Property Unit Trust

Proposal Vote Number Proposal Text Mgmt Rec Instruction

2.1 Re-elect David Nicol to the Appointments For For Committee

Blended Rationale: Item 2.1 A vote FOR the re-election of David Nicol is warranted, although it is not without concern because: * Apart from his role as Non-executive Chair of the Trust, he also serves as CEO at one other publicly listed company, which could compromise his ability to commit sufficient time to his role in the Trust. Mitigating, the main reason for support is: * His chairmanship role is at a unit trust and, taking this into account, a degree of flexibility is considered appropriate. His external commitments will be kept under review. Item 2.2 A vote FOR the election of this Member is warranted because no significant concerns have been identified.

2.2 Elect Andrew McIntyre to the Appointments For For Committee

3 Reappoint PricewaterhouseCoopers LLP as For Against Auditors and Authorise Their Remuneration Voter Rationale: Concerns around length of tenure of Auditors

Blended Rationale: Concerns around length of tenure of Auditors

4 Appoint NatWest Trustee & Depositary Services For For Limited as Trustee of Hermes Property Unit Trust

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2.1 Re-elect David Nicol to the Appointments For For Committee

2.2 Elect Andrew McIntyre to the Appointments For For Committee

3 Reappoint PricewaterhouseCoopers LLP as For For Auditors and Authorise Their Remuneration

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Hermes Property Unit Trust

Proposal Vote Number Proposal Text Mgmt Rec Instruction

4 Appoint NatWest Trustee & Depositary Services For For Limited as Trustee of Hermes Property Unit Trust

J Sainsbury plc

Meeting Date: 07/11/2018 Country: United Kingdom Meeting Type: Annual Ticker: SBRY

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

4 Elect Jo Harlow as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

5 Re-elect Matt Brittin as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

6 Re-elect Brian Cassin as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

7 Re-elect Mike Coupe as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

8 Re-elect David Keens as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

9 Re-elect Kevin O'Byrne as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

10 Re-elect Dame Susan Rice as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

11 Re-elect John Rogers as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

12 Re-elect Jean Tomlin as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

J Sainsbury plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

13 Re-elect David Tyler as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

14 Reappoint Ernst & Young LLP as Auditors For For

15 Authorise the Audit Committee to Fix For For Remuneration of Auditors

16 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

17 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

18 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

19 Approve EU Political Donations and Expenditure For For

20 Authorise Market Purchase Ordinary Shares For For

21 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

JPMorgan Global Convertibles Income Fund Limited

Meeting Date: 07/11/2018 Country: Guernsey Meeting Type: Special Ticker: JGCI

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Authorise Market Purchase of Ordinary Shares For For

LondonMetric Property Plc

Meeting Date: 07/11/2018 Country: United Kingdom Meeting Type: Annual Ticker: LMP

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

LondonMetric Property Plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Reappoint Deloitte LLP as Auditors For For

4 Authorise Board to Fix Remuneration of Auditors For For

5 Re-elect Patrick Vaughan as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

6 Re-elect Andrew Jones as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

7 Re-elect Martin McGann as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

8 Re-elect Valentine Beresford as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

9 Re-elect Mark Stirling as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

10 Re-elect James Dean as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

11 Re-elect Alec Pelmore as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

12 Re-elect Philip Watson as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

13 Re-elect Rosalyn Wilton as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

14 Re-elect Andrew Livingston as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

15 Elect Suzanne Avery as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

16 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

LondonMetric Property Plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

17 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

18 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

19 Authorise Market Purchase of Ordinary Shares For For

20 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

NEX Group plc

Meeting Date: 07/11/2018 Country: United Kingdom Meeting Type: Annual Ticker: NXG

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Final Dividend For For

3 Re-elect Charles Gregson as Director For For

Blended Rationale: Items 3 to 9 A vote FOR these candidates is warranted as no significant concerns have been identified. Item 10: Re-elect Robert Standing as Director A vote FOR this candidate is considered warranted, though it is not without concern for shareholders: * He is the Chair of the Remuneration Committee and as such is responsible for the Company's remuneration arrangements. There are material concerns over the treatment of outstanding long-term awards upon the change of control. The main reason for support is: * The Remuneration Committee states that it has taken into account the performance against the targets to some degree, and while the absence of time pro-rating is in poor practice, this treatment is not uncommon in a takeover scenario.

4 Re-elect Michael Spencer as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

NEX Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

5 Re-elect Ken Pigaga as Director For For

6 Re-elect Samantha Wren as Director For For

7 Re-elect John Sievwright as Director For For

8 Re-elect Anna Ewing as Director For For

9 Re-elect Ivan Ritossa as Director For For

10 Re-elect Robert Standing as Director For For

11 Reappoint Deloitte LLP as Auditors For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

NEX Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

12 Authorise the Audit Committee to Fix For For Remuneration of Auditors

13 Approve Remuneration Report For For

Blended Rationale: A vote AGAINST this resolution is considered warranted: * Following the change of control, all outstanding PSP awards will de facto pay out in full, effectively without any pro-rated discount for time and performance.

14 Approve Remuneration Policy For For

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

15 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

16 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

17 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

18 Authorise Market Purchase of Ordinary Shares For For

OnTheMarket plc

Meeting Date: 07/11/2018 Country: United Kingdom Meeting Type: Annual Ticker: OTMP

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Elect Helen Whiteley as Director For For

Blended Rationale: Items 2, 3, 5 & 6 A vote FOR the election of Helen Whiteley, Clive Beattie, Ian Francis and Ian Springett is warranted because no significant concerns have been identified. Item 4 A vote FOR the election of Christopher Bell is warranted, although it is not without concerns for shareholders: * Apart from his role as Board Chair, he also serves as Chair at two other listed companies and as NED of another listed company, which could potentially compromise his ability to commit sufficient time to his role in the Company. In addition, in line with his role as Board Chair, he is considered to be ultimately responsible for the Company’s corporate governance practices, and the following deviation from best practice has been identified: * There is insufficient independent representation on the Board. The main reason for support is: * His chairmanship roles are at AIM companies and, taking this into account, a degree of flexibility is considered appropriate. His external commitments will be kept under review.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

OnTheMarket plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

3 Elect Clive Beattie as Director For For

4 Elect Christopher Bell as Director For For

5 Elect Ian Francis as Director For For

6 Elect Ian Springett as Director For For

7 Appoint RSM UK Audit LLP as Auditors For For

8 Authorise Board to Fix Remuneration of Auditors For For

9 Approve Remuneration Report For For

10 Approve Remuneration Policy For For

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

OnTheMarket plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

11 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

12 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

Rogge Funds Plc - Multi-Asset Credit Fund

Meeting Date: 07/11/2018 Country: Ireland Meeting Type: Annual Ticker: N/A

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports and Review the Company's Affairs

2 Ratify PwC as Auditors For For

Blended Rationale: A vote AGAINST this resolution is warranted because: * No explanation for the change of auditors has been provided. * No information on the selection process undertaken by the Company which resulted in its decision to appoint PwC as auditors has been made available to shareholders.

3 Authorise Board to Fix Remuneration of Auditors For For

The Biotech Growth Trust PLC

Meeting Date: 07/11/2018 Country: United Kingdom Meeting Type: Annual Ticker: BIOG

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

The Biotech Growth Trust PLC

Proposal Vote Number Proposal Text Mgmt Rec Instruction

3 Re-elect Andrew Joy as Director For For

Blended Rationale: Items 3 to 4 & 6 to 8 A vote FOR the election/re-election of Andrew Joy, Dame Kay Davies, Lord Willetts, Julia Le Blan and Geoff Hsu is warranted because no significant concerns have been identified. Item 5 A vote FOR the re-election of Steven Bates is warranted, although it is not without concern because: * Apart from his role as a NED of the Company, he also serves in various roles at other publicly listed companies, which could compromise his ability to commit sufficient time to his role in the Company. The main reason for support is: * His external commitments are at investment trusts. Taking this factor into account, a degree of flexibility is considered appropriate. This will be kept under review.

4 Re-elect Dame Kay Davies as Director For For

5 Re-elect Steven Bates as Director For For

6 Re-elect Lord Willetts as Director For For

7 Re-elect Julia Le Blan as Director For For

8 Elect Geoff Hsu as Director For For

9 Reappoint Ernst & Young LLP as Auditors and For For Authorise Their Remuneration

10 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

The Biotech Growth Trust PLC

Proposal Vote Number Proposal Text Mgmt Rec Instruction

11 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

12 Authorise Market Purchase of Ordinary Shares For For

13 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Triple Point Social Housing REIT Plc

Meeting Date: 07/11/2018 Country: United Kingdom Meeting Type: Special Ticker: N/A

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Approve Acquisition of TP Social Housing For For Investments Limited from Pantechnicon Capital Limited

Triumph Group, Inc.

Meeting Date: 07/11/2018 Country: USA Meeting Type: Annual Ticker: TGI

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1.1 Elect Director Paul Bourgon For For

1.2 Elect Director Daniel J. Crowley For For

1.3 Elect Director Ralph E. Eberhart For For

1.4 Elect Director Daniel P. Garton For For

1.5 Elect Director Dawne S. Hickton For For

1.6 Elect Director William L. Mansfield For For

1.7 Elect Director Adam J. Palmer For For

1.8 Elect Director Joseph M. Silvestri For For

1.9 Elect Director Larry O. Spencer For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Triumph Group, Inc.

Proposal Vote Number Proposal Text Mgmt Rec Instruction

2 Advisory Vote to Ratify Named Executive For For Officers' Compensation

Blended Rationale: The minimum vesting period is less than three years.

3 Approve Omnibus Stock Plan For For

Blended Rationale: The minimum vesting period is less than three years.

4 Ratify Ernst & Young LLP as Auditors For For

5 Reduce Ownership Threshold for Shareholders Against For to Call Special Meeting Voter Rationale: Enhanced shareholder rights

Blended Rationale: Enhanced shareholder rights

Vtech Holdings Ltd

Meeting Date: 07/11/2018 Country: Bermuda Meeting Type: Annual Ticker: 303

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Final Dividend For For

3a Elect William Fung Kwok Lun as Director For Against

Voter Rationale: Overboarded and chairman of the nomination committee when considered a non-independent director nominee.

Blended Rationale: Overboarded and chairman of the nomination committee when considered a non-independent director nominee.

3b Elect Ko Ping Keung as Director For For

3c Elect Wong Kai Man as Director For For

3d Approve Directors' Fee For For

4 Approve KPMG as Auditor and Authorize Board For For to Fix Their Remuneration

5 Authorize Repurchase of Issued Share Capital For For

6 Approve Issuance of Equity or Equity-Linked For For Securities without Preemptive Rights

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

ABN AMRO Group N.V.

Meeting Date: 07/12/2018 Country: Netherlands Meeting Type: Special Ticker: ABN

Proposal Vote Number Proposal Text Mgmt Rec Instruction

2b Elect Tom de Swaan to Supervisory Board For For

Burberry Group plc

Meeting Date: 07/12/2018 Country: United Kingdom Meeting Type: Annual Ticker: BRBY

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For Against

Voter Rationale: High quantum of fixed element of pay.

Blended Rationale: High quantum of fixed element of pay.

3 Approve Final Dividend For For

4 Elect Dr Gerry Murphy as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

5 Re-elect Fabiola Arredondo as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

6 Re-elect Ian Carter as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

7 Re-elect Jeremy Darroch as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

8 Re-elect Stephanie George as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

9 Re-elect Matthew Key as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

10 Re-elect Dame Carolyn McCall as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Burberry Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

11 Elect Orna NiChionna as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

12 Elect Ron Frasch as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

13 Re-elect Julie Brown as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

14 Re-elect Marco Gobbetti as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

15 Reappoint PricewaterhouseCoopers LLP as For For Auditors

16 Authorise the Audit Committee to Fix For For Remuneration of Auditors

17 Authorise EU Political Donations and For For Expenditure

18 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

19 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

20 Authorise Market Purchase of Ordinary Shares For For

21 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Cyient Limited

Meeting Date: 07/12/2018 Country: India Meeting Type: Annual Ticker: 532175

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Dividends For For

3 Elect B.V.R. Mohan Reddy as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Cyient Limited

Proposal Vote Number Proposal Text Mgmt Rec Instruction

4 Approve Deloitte Haskins & Sells, Chartered For For Accountants as Auditors and Authorize Board to Fix Their Remuneration

Blended Rationale: A vote FOR these proposals is warranted given the absence of any known issues concerning the audit firm, its remuneration, and the way the audit was conducted.

5 Approve Branch Auditors and Authorize Board to For For Fix Their Remuneration

Blended Rationale: A vote FOR these proposals is warranted given the absence of any known issues concerning the audit firm, its remuneration, and the way the audit was conducted.

Harmony Gold Mining Company Ltd

Meeting Date: 07/12/2018 Country: South Africa Meeting Type: Special Ticker: HAR

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Authorise Issuance of Shares to ARM Pursuant For For to a Vendor Consideration Placing

Harmony Gold Mining Company Ltd

Meeting Date: 07/12/2018 Country: South Africa Meeting Type: Special Ticker: HAR

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Authorise Issuance of Shares to ARM Pursuant For For to a Vendor Consideration Placing

Helical plc

Meeting Date: 07/12/2018 Country: United Kingdom Meeting Type: Annual Ticker: HLCL

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Helical plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Final Dividend For For

3 Re-elect Michael Slade as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

4 Re-elect Richard Grant as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

5 Re-elect Gerald Kaye as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

6 Re-elect Tim Murphy as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

7 Re-elect Matthew Bonning-Snook as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

8 Re-elect Susan Clayton as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

9 Re-elect Richard Cotton as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

10 Re-elect Michael O'Donnell as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

11 Appoint Deloitte LLP as Auditors For For

12 Authorise Board to Fix Remuneration of Auditors For For

13 Approve Remuneration Report For For

Blended Rationale: A vote AGAINST this resolution is warranted due to: * Large annual bonus pay-outs for the year under review are not considered to be in line with Company's performance.

14 Approve Remuneration Policy For For

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

15 Approve Annual Bonus Scheme 2018 For For

16 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Helical plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

17 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

18 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

19 Authorise Market Purchase of Ordinary Shares For For

20 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Johnson Electric Holdings Ltd.

Meeting Date: 07/12/2018 Country: Bermuda Meeting Type: Annual Ticker: 179

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Final Dividend For For

3 Authorize Repurchase of Issued Share Capital For For

4a Elect Austin Jesse Wang as Director For For

4b Elect Peter Kin-Chung Wang as Director For For

4c Elect Joseph Chi-Kwong Yam as Director For For

5 Authorize Board to Fix Remuneration of For For Directors

6 Approve PricewaterhouseCoopers as Auditor For For and Authorize Board to Fix Their Remuneration

7 Approve Issuance of Equity or Equity-Linked For Against Securities without Preemptive Rights Voter Rationale: Issuance limit exceeds 10%

Blended Rationale: Issuance limit exceeds 10%

8 Authorize Reissuance of Repurchased Shares For Against

Voter Rationale: Discount limit not disclosed

Blended Rationale: Discount limit not disclosed

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Land Securities Group plc

Meeting Date: 07/12/2018 Country: United Kingdom Meeting Type: Annual Ticker: LAND

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Policy For For

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

3 Approve Remuneration Report For For

4 Approve Final Dividend For For

5 Elect Colette O'Shea as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

6 Elect Scott Parsons as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

7 Re-elect Robert Noel as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

8 Re-elect Martin Greenslade as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

9 Re-elect Christopher Bartram as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

10 Re-elect Edward Bonham Carter as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

11 Re-elect Nicholas Cadbury as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

12 Re-elect Cressida Hogg as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

13 Re-elect Simon Palley as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

14 Re-elect Stacey Rauch as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

15 Reappoint Ernst & Young LLP as Auditors For For

16 Authorise Board to Fix Remuneration of Auditors For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Land Securities Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

17 Authorise EU Political Donations and For For Expenditure

18 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

19 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

20 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

21 Authorise Market Purchase of Ordinary Shares For For

Pets at Home Group Plc

Meeting Date: 07/12/2018 Country: United Kingdom Meeting Type: Annual Ticker: PETS

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

4A Re-elect Tony DeNunzio as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

4B Re-elect Paul Moody as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

4C Re-elect Dennis Millard as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

4D Re-elect Sharon Flood as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Pets at Home Group Plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

4E Re-elect Stanislas Laurent as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

4F Re-elect Mike Iddon as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

5A Elect Peter Pritchard as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

5B Elect Susan Dawson as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

6 Reappoint KPMG LLP as Auditors For For

7 Authorise Board to Fix Remuneration of Auditors For For

8 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

9 Authorise EU Political Donations and For For Expenditure

10 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

11 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

12 Authorise Market Purchase of Ordinary Shares For For

13 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Telford Homes plc

Meeting Date: 07/12/2018 Country: United Kingdom Meeting Type: Annual Ticker: TEF

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Telford Homes plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

2 Approve Final Dividend For For

3 Approve Remuneration Report For For

Blended Rationale: A vote AGAINST this resolution is warranted because: * A one-off joining bonus was paid to a newly appointed Executive Director.

4 Re-elect David Campbell as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

5 Re-elect Andrew Wiseman as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

6 Elect Jerome Geoghegan as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

7 Reappoint PricewaterhouseCoopers LLP as For For Auditors

8 Authorise the Audit Committee to Fix For For Remuneration of Auditors

9 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

10 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

Templeton Emerging Markets Investment Trust plc

Meeting Date: 07/12/2018 Country: United Kingdom Meeting Type: Annual Ticker: TEM

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Templeton Emerging Markets Investment Trust plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

4 Elect Charlie Ricketts as Director For For

Blended Rationale: Items 4, 6 & 8-9 A vote FOR the election/re-election of Charles Ricketts, Paul Manduca, Simon Jeffrey and Greg Johnson is warranted because no significant concerns have been identified. Items 5 & 7 A vote FOR the re-election of David Graham and Beatrice Hollond is warranted, although it is not without concern because: * Apart from their role as NEDs of the Company, they also serve as Directors at other listed companies, which could compromise their ability to commit sufficient time to their role in the Company. The main reason for support is: * The majority of other companies where they serve on the Board are investment trusts and, taking this into account, a degree of flexibility is considered appropriate.

5 Re-elect David Graham as Director For For

6 Re-elect Paul Manduca as Director For For

7 Re-elect Beatrice Hollond as Director For For

8 Re-elect Simon Jeffreys as Director For For

9 Re-elect Gregory Johnson as Director For For

10 Reappoint Deloitte LLP as Auditors For For

11 Authorise Board to Fix Remuneration of Auditors For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Templeton Emerging Markets Investment Trust plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

12 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

13 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

14 Authorise Market Purchase of Ordinary Shares For For

15 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Columbus Energy Resources plc

Meeting Date: 07/13/2018 Country: United Kingdom Meeting Type: Annual Ticker: CERP

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

Blended Rationale: A vote AGAINST this resolution is warranted because of the following deviations from best practice: * The Board does not comprise at least two independent NEDs; * The Audit and Remuneration Committees are not fully independent; * An Executive Director sits on the Audit Committee; * Leo Koot holds the combined office of Chair and CEO, which calls into question whether the Board can adequately oversee and evaluate the performance of senior officers and the Company; * The performance conditions of the share options granted during the year relate to share price targets, a measure considered to have a number of drawbacks; * These options may vest in less than three years; * A NED has been granted multiple share options during the year under review; and * Former Executives and a former NED received termination benefits during the year. It is also noted that the Company's AGM will be held in July 2018. This is beyond the requirement for UK incorporated public companies to hold their AGMs within six months after the year end.

2 Re-elect Gordon Stein as Director For For

Blended Rationale: An ABSTENTION on the re-election of Gordon Stein is warranted because: * He is an Executive Director and is currently a member of the Remuneration Committee, which is not in line with UK best practice recommendations. A vote AGAINST this resolution is warranted for those shareholders in markets who have a fiduciary responsibility to vote either in favour or against and who do not recognise an abstention as a valid option.

3 Reappoint Chapman Davis LLP as Auditors and For For Authorise Their Remuneration

4 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: Item 4 A vote FOR this resolution is warranted because the proposed amount and duration are within recommended limits. Item 5 A vote AGAINST this resolution is warranted because: * The proposed amount exceeds the recommended limit of 10 percent of issued share capital.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Columbus Energy Resources plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

5 Authorise Issue of Equity without Pre-emptive For Against Rights Voter Rationale: Excessive dilution

Blended Rationale: Excessive dilution

DCC plc

Meeting Date: 07/13/2018 Country: Ireland Meeting Type: Annual Ticker: DCC

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Final Dividend For For

3 Approve Remuneration Report For For

4a Re-elect Emma FitzGerald as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

4b Re-elect David Jukes as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

4c Re-elect Pamela Kirby as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

4d Re-elect Jane Lodge as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

4e Re-elect Cormac McCarthy as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

4f Re-elect John Moloney as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

4g Re-elect Donal Murphy as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

4h Re-elect Fergal O'Dwyer as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

4i Elect Mark Ryan as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

DCC plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

4j Re-elect Leslie Van de Walle as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

5 Authorise Board to Fix Remuneration of Auditors For For

6 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

7 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

8 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

9 Authorise Market Purchase of Shares For For

10 Authorise Reissuance Price Range of Treasury For For Shares

Spectrum Brands Holdings, Inc.

Meeting Date: 07/13/2018 Country: USA Meeting Type: Special Ticker: SPB

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Approve Merger Agreement For For

2 Adjourn Meeting For For

3 Approve Reverse Stock Split For For

4 Amend Charter For For

5 Reduce Authorized Common Stock For For

6 Increase Authorized Preferred Stock For For

7 Amend Security Transfer Restrictions For For

8 Amend Charter For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Workspace Group plc

Meeting Date: 07/13/2018 Country: United Kingdom Meeting Type: Annual Ticker: WKP

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

4 Re-elect Daniel Kitchen as Director For For

Blended Rationale: Items 5-10 A vote FOR these Directors is warranted as no significant concerns have been identified. Item 4 A vote FOR this candidate is considered warranted, although it is not without concern for shareholders: * In addition to his position at Workspace Group plc, Daniel Kitchen also holds chairmanships at Hibernia REIT plc and Applegreen plc and a non-executive directorship at LXB Retail Properties plc. The main reason for support is: * His board positions are in relatively smaller-sized companies. A degree of flexibility is considered appropriate in considering his external commitments, which will be kept under review going forward.

5 Re-elect Jamie Hopkins as Director For For

6 Re-elect Graham Clemett as Director For For

7 Re-elect Dr Maria Moloney as Director For For

8 Re-elect Chris Girling as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Workspace Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

9 Re-elect Damon Russell as Director For For

10 Re-elect Stephen Hubbard as Director For For

11 Reappoint KPMG LLP as Auditors For For

12 Authorise the Audit Committee to Fix For For Remuneration of Auditors

13 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: Item 13A vote FOR this resolution is warranted because the proposed amounts and durations are within recommended limits.Items 15 and 16A vote FOR these resolutions is warranted although it is noted that:The full non-pre-emptive authorities were utilized in respect of a Placing. On 6 June 2018, the Company announced that it had placed 16,320,062 (9.96% of ISC prior to the Placing) new ordinary shares of 100 pence each in the equity capital of the Company, raising gross proceeds of approximately GBP 179.5 million. The Company states that the proceeds will be used to finance the following: (i) capital expenditure required for the ongoing project pipeline; (ii) continued implementation of the targeted acquisition strategy of properties across London; and (iii) the acquisition of the Centro buildings in Camden for GBP 109 million in February 2018 and the remaining two Centro buildings for GBP 76.5 million in April 2018.It may be of some concern that a portion of the funds raised through the placing were for non-specific capital expenditure. However, given the sums involved, the specified acquisitions would seem to account for the greater part of the money raised. In addition, the dilution limit and discount level of the placing are in line with the principles set out under the Pre-Emption Group Guidelines. The proposed amounts and durations of the general authority are within recommended limits. .

14 Authorise EU Political Donations and For For Expenditure

15 Authorise Issue of Equity without Pre-emptive For For Rights

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Workspace Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

16 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

17 Authorise Market Purchase of Ordinary Shares For For

18 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Investment AB Kinnevik

Meeting Date: 07/16/2018 Country: Sweden Meeting Type: Special Ticker: KINV B

Proposal Vote Number Proposal Text Mgmt Rec Instruction

2 Elect Chairman of Meeting For For

Blended Rationale: These are routine meeting formalities.

3 Prepare and Approve List of Shareholders For For

Blended Rationale: These are routine meeting formalities.

4 Approve Agenda of Meeting For For

Blended Rationale: These are routine meeting formalities.

5 Designate Inspector(s) of Minutes of Meeting For For

Blended Rationale: These are routine meeting formalities.

6 Acknowledge Proper Convening of Meeting For For

Blended Rationale: These are routine meeting formalities.

7 Approve Distribution of All of Company's Shares For For in MTG to Company's Shareholders

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

JPMorgan European Investment Trust plc

Meeting Date: 07/16/2018 Country: United Kingdom Meeting Type: Annual Ticker: JETG

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Policy For For

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

3 Approve Remuneration Report For For

4 Re-elect Andrew Adcock as Director For For

Blended Rationale: Items 4 & 5 A vote FOR the re-election of Andrew Adcock and Josephine Dixon is warranted, although it is not without concern because: * Apart from their roles in the Company, they also serve in various roles at multiple public company boards, which could compromise their ability to commit sufficient time to their role in the Company. The main reason for support is: * Most of the external positions are at investment trust companies and, taking this into account, a level of flexibility is considered appropriate. Items 6 to 8 A vote FOR the re-election of Stephen Goldman, Stephen Russell and Jutta af Rosenborg is warranted because no significant concerns have been identified.

5 Re-elect Josephine Dixon as Director For For

6 Re-elect Stephen Goldman as Director For For

7 Re-elect Stephen Russell as Director For For

8 Re-elect Jutta af Rosenborg as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

JPMorgan European Investment Trust plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

9 Reappoint Ernst & Young LLP as Auditors and For For Authorise Their Remuneration

10 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

11 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

12 Authorise Market Purchase of Ordinary Shares For For

13 Authorise Off-Market Purchase For For

Korea Electric Power Corp.

Meeting Date: 07/16/2018 Country: South Korea Meeting Type: Special Ticker: A015760

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1.1 Elect Kim Dong-sub as Inside Director For For

1.2 Elect Kim Hoe-chun as Inside Director For For

1.3 Elect Park Hyung-duck as Inside Director For For

1.4 Elect Lim Hyun-seung as Inside Director For For

2.1 Elect Noh Geum-sun as a Member of Audit For For Committee

2.2 Elect Jung Yeon-gil as a Member of Audit For For Committee

Korea Electric Power Corp.

Meeting Date: 07/16/2018 Country: South Korea Meeting Type: Special Ticker: A015760

Proposal Vote Number Proposal Text Mgmt Rec Instruction

4.1.1 Elect Kim Dong-sub as Inside Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Korea Electric Power Corp.

Proposal Vote Number Proposal Text Mgmt Rec Instruction

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board dynamics.

4.1.2 Elect Kim Hoe-chun as Inside Director For For

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board dynamics.

4.1.3 Elect Park Hyung-duck as Inside Director For For

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board dynamics.

4.1.4 Elect Lim Hyun-seung as Inside Director For For

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board dynamics.

4.2.1 Elect Noh Geum-sun as a Member of Audit For For Committee

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's audit committee.

4.2.2 Elect Jung Yeon-gil as a Member of Audit For For Committee

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's audit committee.

Alstom

Meeting Date: 07/17/2018 Country: France Meeting Type: Special Ticker: ALO

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Remove Double-Voting Rights for Long-Term For For Registered Shareholders and Amend Article 15 of Bylaws Accordingly

2 Authorize Filing of Required Documents/Other For For Formalities

Alstom

Meeting Date: 07/17/2018 Country: France Meeting Type: Annual/Special Ticker: ALO

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Alstom

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Approve Financial Statements and Statutory For For Reports

Blended Rationale: Votes FOR the approval of the annual accounts are warranted due to the unqualified auditors' opinion and lack of concerns.

2 Approve Consolidated Financial Statements and For For Statutory Reports

Blended Rationale: Votes FOR the approval of the annual accounts are warranted due to the unqualified auditors' opinion and lack of concerns.

3 Approve Allocation of Income and Dividends of For For EUR 0.35 per Share

4 Approve Transaction with Bouygues SA Re: For For Strategic Combination of Alstom and Siemens Mobility Business

Blended Rationale: A vote FOR this proposal is warranted based on the information disclosed in the auditors' special report, and on the rationale and context provided by the company (Item 4). A vote AGAINST this proposal is warranted as (Item 5): * The transaction entered into with Rothschild & Cie raises a risk of conflict of interests and impairs the independence of a non-executive director (Klaus Mangold). * There is no compelling rationale justifying that the transaction has been concluded in shareholders' interests; and * The information around the pricing is vague.

5 Approve Transaction with Rothschild and Cie Re: For For Financial Adviser in Connection with Transaction Above

6 Reelect Olivier Bouygues as Director For For

Blended Rationale: CANDIDATES TO ALSTOM BOARD (UNTIL COMPLETION OF THE TRANSACTION)Votes FOR the (re)elections of these independent nominees are warranted in the absence of specific concerns (Items 8-10).Votes FOR the (re)elections of these non-independent nominees are warranted given the satisfactory level of board independence (including all board members: 57 percent vs 33.3 percent recommended; excluding government representatives, employee representatives, and employee shareholder representatives (if any): 57 percent vs 50 percent recommended) and the absence of specific concerns (Items 6-7). CANDIDATES TO SIEMENS ALSTOM BOARD (POST COMPLETION OF THE TRANSACTION)Votes FOR the (re)elections of these independent nominees are warranted in the absence of specific concerns (Items 35-38, 40, and 42).Votes FOR the (re)elections of these non-independent nominees are warranted given the satisfactory level of board independence (54 percent vs. 33.33 percent recommended) and the absence of specific concerns (Items 34, 39, 41, 43-44).

7 Reelect Bouygues SA as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Alstom

Proposal Vote Number Proposal Text Mgmt Rec Instruction

8 Reelect Bi Yong Chungunco as Director For For

9 Elect Baudouin Prot as Director For For

10 Elect Clotilde Delbos as Director For For

11 Approve Remuneration Policy of Chairman and For For CEO

12 Approve Compensation of Chairman and CEO For For

13 Approve Contribution in Kind from Siemens For For France Holding; Issue Shares to Remunerate the Contribution in kind

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

14 Approve Contribution in Kind from Siemens For For Mobility Holding; Issue Shares to Remunerate the Contribution in kind

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

15 Change Company Name to Siemens Alstom and For For Amend Article 2 of Bylaws Accordingly

16 Change Fiscal Year End to Sept. 30 and Amend For For Article 19 of Bylaws Accordingly

17 Remove Double-Voting Rights for Long-Term For For Registered Shareholders and Amend Article 15 of Bylaws Accordingly

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Alstom

Proposal Vote Number Proposal Text Mgmt Rec Instruction

18 Pursuant to Items 13-17 Above and 33-44 For For Below, Adopt New Bylaws

19 Approve Spin-Off Agreement with Alstom For For Holdings Re: Alstom Contribution Agreement

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

20 Authorize Issuance of Equity or Equity-Linked For For Securities with Preemptive Rights, and/or Capitalization of Reserves, up to Aggregate Nominal Amount of EUR 510 Million Before Completion of the French and Luxembourg Contribution and EUR 1,040 Million After

Blended Rationale: Votes FOR these authorizations are warranted as their proposed volumes respect the recommended guidelines for issuances with and without preemptive rights.

21 Authorize Issuance of Equity or Equity-Linked For For Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 155 Million Before Completion of the French and Luxembourg Contribution and EUR 315 Million After

Blended Rationale: Votes FOR these authorizations are warranted as their proposed volumes respect the recommended guidelines for issuances with and without preemptive rights.

22 Approve Issuance of Equity or Equity-Linked For For Securities for Private Placements, up to Aggregate Nominal Amount of EUR 155 Million Before Completion of the French and Luxembourg Contribution and EUR 315 Million After

Blended Rationale: Votes FOR these authorizations are warranted as their proposed volumes respect the recommended guidelines for issuances with and without preemptive rights.

23 Authorize Capital Increase of up to 10 Percent For For of Issued Capital for Contributions in Kind

Blended Rationale: Votes FOR these authorizations are warranted as their proposed volumes respect the recommended guidelines for issuances with and without preemptive rights.

24 Authorize Board to Increase Capital in the Event For For of Additional Demand Related to Delegation Submitted to Shareholder Vote Above

Blended Rationale: Votes FOR these authorizations are warranted as their proposed volumes respect the recommended guidelines for issuances with and without preemptive rights.

25 Authorize Board to Set Issue Price for 10 For For Percent Per Year of Issued Capital Pursuant to Issue Authority without Preemptive Rights

Blended Rationale: Votes FOR these authorizations are warranted as their proposed volumes respect the recommended guidelines for issuances with and without preemptive rights.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Alstom

Proposal Vote Number Proposal Text Mgmt Rec Instruction

26 Authorize Capital Increase of Up to EUR 155 For For Million Before Completion of the French and Luxembourg Contribution and EUR 315 Million After, for Future Exchange Offers

Blended Rationale: Votes FOR these authorizations are warranted as their proposed volumes respect the recommended guidelines for issuances with and without preemptive rights.

27 Authorize Issuance of Equity upon Conversion of For For a Subsidiary's Equity-Linked Securities for Up to EUR 155 Million Before Completion of the French and Luxembourg Contribution and EUR 315 Million After

Blended Rationale: Votes FOR these authorizations are warranted as their proposed volumes respect the recommended guidelines for issuances with and without preemptive rights.

28 Authorize Decrease in Share Capital via For For Cancellation of Repurchased Shares

29 Authorize Capital Issuances for Use in Employee For For Stock Purchase Plans

Blended Rationale: Votes FOR are warranted because the plans could increase employee participation to a level of ownership that would remain acceptable for savings-related share purchase plans.

30 Authorize Capital Issuances for Use in Employee For For Stock Purchase Plans Reserved for Employees of the Group's Subsidiaries

Blended Rationale: Votes FOR are warranted because the plans could increase employee participation to a level of ownership that would remain acceptable for savings-related share purchase plans.

31 Authorize up to 5 Million Shares for Use in For For Restricted Stock Plans

32 Authorize Repurchase of Up to 10 Percent of For For Issued Share Capital

33 Approval of Exceptional Reserves and/or For For Premiums Distributions for an Amount of EUR 4 per Share (Distribution A) and of up to EUR 4 per Share (Distribution B)

34 Elect Henri Poupart-Lafarge as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Alstom

Proposal Vote Number Proposal Text Mgmt Rec Instruction

35 Reelect Yann Delabriere as Director For For

36 Reelect Baudouin Prot as Director For For

37 Reelect Clotilde Delbos as Director For For

38 Elect Sylvie Kande de Beaupuy as Director For For

39 Elect Roland Busch as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Alstom

Proposal Vote Number Proposal Text Mgmt Rec Instruction

40 Elect Sigmar H. Gabriel as Director For For

41 Elect Janina Kugel as Director For For

42 Elect Christina M. Stercken as Director For For

43 Elect Ralf P. Thomas as Director For For

44 Elect Mariel von Schumann as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Alstom

Proposal Vote Number Proposal Text Mgmt Rec Instruction

45 Approve Non-Compete Agreement with Henri For For Poupart-Lafarge

Blended Rationale: A vote AGAINST this proposal is warranted as: * There is a lack of disclosure around the determination of a significant cash payment to be granted to the future CEO in title of a previously defined benefits pension scheme, while he is still far from the legal retirement age; and * The award of a non-compete agreement, which by definition is not subject to performance condition, constitutes a significant post-mandate advantage (vs. the previous termination package partially subject to the achievement of performance conditions) that is not justified by a compelling rationale.

46 Approve Remuneration Policy of CEO, Following For For Completion Date of Contributions

47 Approve Remuneration Policy of Chairman of For For the Board, Following Completion Date of Contributions

48 Authorize Filing of Required Documents/Other For For Formalities

Constellation Brands, Inc.

Meeting Date: 07/17/2018 Country: USA Meeting Type: Annual Ticker: STZ

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1.1 Elect Director Jerry Fowden For For

1.2 Elect Director Barry A. Fromberg For For

1.3 Elect Director Robert L. Hanson For For

1.4 Elect Director Ernesto M. Hernandez For For

1.5 Elect Director Susan Somersille Johnson For For

1.6 Elect Director James A. Locke, III For Withhold

Voter Rationale: Non-independent member of a key board committee.

Blended Rationale: Non-independent member of a key board committee.

1.7 Elect Director Daniel J. McCarthy For For

1.8 Elect Director Richard Sands For For

1.9 Elect Director Robert Sands For For

1.10 Elect Director Judy A. Schmeling For For

1.11 Elect Director Keith E. Wandell For For

2 Ratify KPMG LLP as Auditors For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Constellation Brands, Inc.

Proposal Vote Number Proposal Text Mgmt Rec Instruction

3 Advisory Vote to Ratify Named Executive For For Officers' Compensation

Blended Rationale: The minimum vesting period is less than three years.

Dairy Crest Group plc

Meeting Date: 07/17/2018 Country: United Kingdom Meeting Type: Annual Ticker: DCG

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

4 Re-elect Mark Allen as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

5 Re-elect Tom Atherton as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

6 Re-elect Adam Braithwaite as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

7 Elect Moni Mannings as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

8 Elect John Gibney as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

9 Re-elect Stephen Alexander as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

10 Re-elect Sue Farr as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

11 Re-elect Richard Macdonald as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

12 Reappoint Deloitte LLP as Auditors For For

13 Authorise Board to Fix Remuneration of Auditors For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Dairy Crest Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

14 Authorise the Company to Call General Meetings For For with Two Weeks' Notice

15 Authorise EU Political Donations and For For Expenditure

16 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

17 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

18 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

19 Authorise Market Purchase of Ordinary Shares For For

Firstgroup plc

Meeting Date: 07/17/2018 Country: United Kingdom Meeting Type: Annual Ticker: FGP

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Policy For For

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

3 Approve Remuneration Report For For

4 Elect David Robbie as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

5 Re-elect Warwick Brady as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

6 Re-elect Matthew Gregory as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Firstgroup plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

7 Re-elect Jimmy Groombridge as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

8 Re-elect Drummond Hall as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

9 Re-elect Wolfhart Hauser as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

10 Re-elect Martha Poulter as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

11 Re-elect Imelda Walsh as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

12 Re-elect Jim Winestock as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

13 Reappoint Deloitte LLP as Auditors For For

14 Authorise Board to Fix Remuneration of Auditors For For

15 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

16 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

17 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

18 Authorise Market Purchase of Ordinary Shares For For

19 Authorise EU Political Donations and For For Expenditure

20 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

21 Approve Long Term Incentive Plan For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

HICL Infrastructure Company Ltd

Meeting Date: 07/17/2018 Country: Guernsey Meeting Type: Annual Ticker: HICL

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Re-elect Ian Russell as Director For For

Blended Rationale: Items 2, 4, 5, 6, and 8 A vote FOR the re-election of Ian Russell, Simon Holden, Francis (Frank) Nelson, Kenneth Reid, and the election of Michael Bane is warranted because no significant concerns have been identified. Items 3 and 7 A vote FOR the re-election of Sally-Ann (Susie) Farnon and Christopher (Chris) Russell is warranted, although it is not without concern for shareholders because: * Apart from their role as NEDs of the Company, they also serve in various roles at other publicly listed companies, which could potentially compromise their ability to commit sufficient time to their role in the Company. The main reason for support is: * Majority of their outside roles are at investment trusts. Taking this into account, a degree of flexibility is considered appropriate. Their external commitments will be kept under review.

3 Re-elect Sally-Ann Farnon as Director For For

4 Re-elect Simon Holden as Director For For

5 Re-elect Frank Nelson as Director For For

6 Re-elect Kenneth Reid as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

HICL Infrastructure Company Ltd

Proposal Vote Number Proposal Text Mgmt Rec Instruction

7 Re-elect Christopher Russell as Director For For

8 Elect Michael Bane as Director For For

9 Approve Remuneration Report For For

10 Ratify KPMG Channel Islands Limited as For For Auditors

11 Authorise Board to Fix Remuneration of Auditors For For

12 Approve Dividend Policy For For

13 Approve Scrip Dividend Program For For

14 Authorise Market Purchase of Ordinary Shares For For

15 Approve Increase in the Maximum Aggregate For For Annual Remuneration Cap Payable to Directors

16 Authorise Issue of Equity without Pre-emptive For For Rights

Industria de Diseno Textil (INDITEX)

Meeting Date: 07/17/2018 Country: Spain Meeting Type: Annual Ticker: ITX

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Approve Standalone Financial Statements For For

Blended Rationale: Votes FOR these items are warranted due to a lack of concerns regarding the accounts presented or audit procedures used and the board's fulfillment of its fiduciary duties for the year in review.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Industria de Diseno Textil (INDITEX)

Proposal Vote Number Proposal Text Mgmt Rec Instruction

2 Approve Consolidated Financial Statements and For For Discharge of Board

3 Approve Allocation of Income and Dividends For For

4.a Reelect Rodrigo Echenique Gordillo as Director For For

Blended Rationale: Votes FOR these items are warranted due to a lack of concerns about the independent director nominees.

4.b Elect Pilar Lopez Alvarez as Director For For

Blended Rationale: Votes FOR these items are warranted due to a lack of concerns about the independent director nominees.

5 Approve Remuneration Policy For For

6 Renew Appointment of Deloitte as Auditor For For

7 Advisory Vote on Remuneration Report For For

8 Authorize Board to Ratify and Execute Approved For For Resolutions

JPMorgan Funds - America Equity Fund

Meeting Date: 07/17/2018 Country: Luxembourg Meeting Type: Special Ticker: N/A

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Approve General Update of the Articles to For For Introduce Provisions in the Articles Mainly to Comply with the Regulation to be Effective on 3 December 2018 or on Any Other Date as Decided by the Directors But No Later Than 21 January 2019

Mapletree Industrial Trust

Meeting Date: 07/17/2018 Country: Singapore Meeting Type: Annual Ticker: ME8U

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Mapletree Industrial Trust

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Adopt Report of the Trustee, Statement by the For For Manager, Audited Financial Statements and Auditors' Report

2 Approve PricewaterhouseCoopers LLP as Auditor For For and Authorize the Manager to Fix Their Remuneration

3 Approve Issuance of Equity or Equity-Linked For Against Securities with or without Preemptive Rights Voter Rationale: Issuance limit for shares without pre-emptive rights exceeds our 10% threshold

Blended Rationale: Issuance limit for shares without pre-emptive rights exceeds our 10% threshold

N Brown Group plc

Meeting Date: 07/17/2018 Country: United Kingdom Meeting Type: Annual Ticker: BWNG

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For Against

Voter Rationale: Pay for performance disconnect and lack of shareholding of executives.

Blended Rationale: Pay for performance disconnect and lack of shareholding of executives.

3 Approve Final Dividend For For

4 Elect Gill Barr as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

5 Elect Michael Ross as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

6 Elect Matt Davies as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

7 Re-elect Angela Spindler as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

8 Re-elect Lord Alliance of Manchester as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

N Brown Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

9 Re-elect Ron McMillan as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

10 Re-elect Richard Moross as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

11 Re-elect Lesley Jones as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

12 Re-elect Craig Lovelace as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

13 Reappoint KPMG LLP as Auditors and Authorise For For Their Remuneration

14 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

15 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

16 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Polski Koncern Naftowy Orlen SA

Meeting Date: 07/17/2018 Country: Poland Meeting Type: Annual Ticker: PKN

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Approve Terms of Remuneration of None Against Management Board Members Voter Rationale: No justification provided.

Blended Rationale: No justification provided.

The British Land Company PLC

Meeting Date: 07/17/2018 Country: United Kingdom Meeting Type: Annual Ticker: BLND

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

The British Land Company PLC

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Elect Simon Carter as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

4 Elect Alastair Hughes as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

5 Elect Preben Prebensen as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

6 Elect Rebecca Worthington as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

7 Re-elect John Gildersleeve as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

8 Re-elect Lynn Gladden as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

9 Re-elect Chris Grigg as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

10 Re-elect William Jackson as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

11 Re-elect Nicholas Macpherson as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

12 Re-elect Charles Maudsley as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

13 Re-elect Tim Roberts as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

14 Re-elect Tim Score as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

15 Re-elect Laura Wade-Gery as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

16 Reappoint PricewaterhouseCoopers LLP as For For Auditors

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

The British Land Company PLC

Proposal Vote Number Proposal Text Mgmt Rec Instruction

17 Authorise Board to Fix Remuneration of Auditors For For

18 Authorise EU Political Donations and For For Expenditure

19 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

20 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

21 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

22 Authorise Market Purchase of Ordinary Shares For For

23 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

24 Adopt New Articles of Association For For

Vodacom Group Ltd

Meeting Date: 07/17/2018 Country: South Africa Meeting Type: Annual Ticker: VOD

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports for the Year Ended 31 March 2018

2 Elect Saki Macozoma as Director For For

Blended Rationale: Items 2-4 A vote FOR these items is warranted: * No issues have been identified in relation to the election or re-election of these Directors. Item 5 A vote AGAINST this item is warranted: * Michael Joseph is a non-independent NED who serves as a member of a board on which there is no majority of independent NEDs among the NEDs. The absence of an independent majority is a potential concern for minority shareholders in this controlled company.

3 Re-elect Priscillah Mabelane as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Vodacom Group Ltd

Proposal Vote Number Proposal Text Mgmt Rec Instruction

4 Re-elect David Brown as Director For For

5 Re-elect Michael Joseph as Director For Against

Voter Rationale: Michael Joseph is a non-independent NED who serves as a member of a board where NEDs are not majority independent

Blended Rationale: Michael Joseph is a non-independent NED who serves as a member of a board where NEDs are not majority independent

6 Reappoint PricewaterhouseCoopers Inc as For For Auditors of the Company with D von Hoesslin as the Individual Registered Auditor

7 Approve Remuneration Policy For For

8 Approve Implementation of the Remuneration For For Policy

9 Re-elect David Brown as Member of the Audit, For For Risk and Compliance Committee

Blended Rationale: A vote FOR this item is warranted: * All of the members of the Audit Committee are independent.

10 Elect Saki Macozoma as Member of the Audit, For For Risk and Compliance Committee

Blended Rationale: A vote FOR this item is warranted: * All of the members of the Audit Committee are independent.

11 Re-elect Priscillah Mabelane as Member of the For For Audit, Risk and Compliance Committee

Blended Rationale: A vote FOR this item is warranted: * All of the members of the Audit Committee are independent.

12 Authorise Repurchase of Issued Share Capital For For

13 Approve Increase in Non-Executive Directors' For For Fees

Zee Entertainment Enterprises Ltd.

Meeting Date: 07/17/2018 Country: India Meeting Type: Annual Ticker: ZEEL

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Dividend on Preference Shares For For

Blended Rationale: A vote FOR these resolutions is warranted because these are routine dividend proposals.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Zee Entertainment Enterprises Ltd.

Proposal Vote Number Proposal Text Mgmt Rec Instruction

3 Approve Dividend on Equity Shares For For

Blended Rationale: A vote FOR these resolutions is warranted because these are routine dividend proposals.

4 Reelect Ashok Kurien as Director For For

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

5 Approve Remuneration of Cost Auditors For For

6 Reelect Adesh Kumar Gupta as Director For For

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

7 Approve Reappointment and Remuneration of For For Amit Goenka as Chief Executive Officer

BTG plc

Meeting Date: 07/18/2018 Country: United Kingdom Meeting Type: Annual Ticker: BTG

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

Blended Rationale: A vote AGAINST the remuneration report is warranted because: * The 2016 PSP award for the departing CFO, Rolf Soderstrom, will not be pro-rated for time, which deviates from good practice. Although the Company has provided an explanation, it does not make it clear why exceptional circumstances apply in this case. In addition, Rolf Soderstrom's contractual entitlements may also result in a bonus for his unworked notice period, which calls into question the need for discretion on the treatment of PSP awards.

3 Re-elect Susan Foden as Director For For

Blended Rationale: Item 8 A vote AGAINST this resolution is warranted because: * In addition to his role as Non-executive Chair at BTG plc, Garry Watts is Chair at Foxtons Group plc and Spire Healthcare Group plc, and NED at Coca-Cola European Partners plc. Together these represent a significant amount of time commitment which may undermine his ability to serve effectively on the Board of BTG. Item 3-7 & 9-12 A vote FOR these Directors is warranted as no significant concerns have been identified.

4 Re-elect Graham Hetherington as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

BTG plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

5 Re-elect Louise Makin as Director For For

6 Re-elect Ian Much as Director For For

7 Re-elect James O'Shea as Director For For

8 Re-elect Garry Watts as Director For For

9 Re-elect Richard Wohanka as Director For For

10 Elect Gregory Barrett as Director For For

11 Elect Duncan Kennedy as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

BTG plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

12 Elect Anne Thorburn as Director For For

13 Reappoint Deloitte LLP as Auditors For For

14 Authorise Board to Fix Remuneration of Auditors For For

15 Authorise EU Political Donations and For For Expenditure

16 Approve Sharesave Plan For For

17 Approve USA Stock Purchase Plan For For

18 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

19 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

20 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

21 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Ennis, Inc.

Meeting Date: 07/18/2018 Country: USA Meeting Type: Annual Ticker: EBF

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1.1 Elect Director Godfrey M. Long, Jr. For Against

Voter Rationale: Chair of the nomination committee on a board that lacks diversity

Blended Rationale: Chair of the nomination committee on a board that lacks diversity

1.2 Elect Director Troy L. Priddy For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Ennis, Inc.

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1.3 Elect Director Alejandro Quiroz For Against

Voter Rationale: Chair of the remuneration committee and we have voted against remuneration for 2 consecutive years

Blended Rationale: Chair of the remuneration committee and we have voted against remuneration for 2 consecutive years

2 Ratify Grant Thornton LLP as Auditors For For

3 Advisory Vote to Ratify Named Executive For Against Officers' Compensation Voter Rationale: The change-in-control agreement is single trigger and there is no clawback policy. The LTIP is also 100% time based.

Blended Rationale: The change-in-control agreement is single trigger and there is no clawback policy. The LTIP is also 100% time based.

4 Other Business For Against

Voter Rationale: Lack of information

Blended Rationale: Lack of information

Esi Group

Meeting Date: 07/18/2018 Country: France Meeting Type: Annual/Special Ticker: ESI

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Approve Financial Statements and Statutory For For Reports

Blended Rationale: Votes FOR the approval of the annual accounts are warranted due to the unqualified auditors' opinion and lack of concerns.

2 Approve Consolidated Financial Statements and For For Statutory Reports

Blended Rationale: Votes FOR the approval of the annual accounts are warranted due to the unqualified auditors' opinion and lack of concerns.

3 Approve Allocation of Income and Absence of For For Dividends

4 Approve Auditors' Special Report on For Against Related-Party Transactions Voter Rationale: Consulting agreement provided by a non-exec compromises their independence.

Blended Rationale: Consulting agreement provided by a non-exec compromises their independence.

5 Reelect Veronique Jacq as Director For For

Blended Rationale: Votes FOR the reelections of these independent nominees are warranted in the absence of specific concerns.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Esi Group

Proposal Vote Number Proposal Text Mgmt Rec Instruction

6 Reelect Rajani Ramanathan as Director For For

Blended Rationale: Votes FOR the reelections of these independent nominees are warranted in the absence of specific concerns.

7 Approve Remuneration Policy of Chairman and For For CEO and Vice-CEOs

Blended Rationale: A vote AGAINST this remuneration policy is warranted because: * The rationales behind the significant increases in de Rouvray's total remuneration and St John's base salary are not compelling; * The policy underlying long-term awards to the vice-CEOs lies below market standards regarding cap, performance conditions, vesting period, and post-mandate vesting; * The exceptional remuneration is not subject to any cap; * It is impossible to ascertain whether Chaillou and St John do not benefit from an excessive termination package under their employment contract.

8 Approve Compensation of Alain de Rouvray, For Against Chairman and CEO Voter Rationale: Lack of disclosure around bonus metrics means that we cannot accurately assess pay for performance.

Blended Rationale: Lack of disclosure around bonus metrics means that we cannot accurately assess pay for performance.

9 Approve Compensation of Vincent Chaillou, For Against Vice-CEO Voter Rationale: Lack of disclosure around bonus metrics means that we cannot accurately assess pay for performance.

Blended Rationale: Lack of disclosure around bonus metrics means that we cannot accurately assess pay for performance.

10 Approve Compensation of Christopher St John, For Against Vice-CEO Voter Rationale: Lack of disclosure around bonus metrics means that we cannot accurately assess pay for performance.

Blended Rationale: Lack of disclosure around bonus metrics means that we cannot accurately assess pay for performance.

11 Approve Remuneration of Directors in the For For Aggregate Amount of EUR 180,000

12 Authorize Repurchase of Up to 10 Percent of For For Issued Share Capital

Blended Rationale: This resolution warrants a vote AGAINST as the share repurchase program can be continued during a takeover period.

13 Authorize Decrease in Share Capital via For For Cancellation of Repurchased Shares

14 Authorize up to 60,000 Shares for Use in For Against Restricted Stock Plans Voter Rationale: Vesting period is less than three years and information around performance conditions are not disclosed.

Blended Rationale: Vesting period is less than three years and information around performance conditions are not disclosed.

15 Authorize Filing of Required Documents/Other For For Formalities

Experian plc

Meeting Date: 07/18/2018 Country: Jersey Meeting Type: Annual Ticker: EXPN

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Experian plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Elect Dr Ruba Borno as Director For For

Blended Rationale: Item 3-11 and 13 A vote FOR these candidates is warranted as no significant concerns have been identified. Item 12 A vote for the re-election of Paul Walker is warranted although it is not without concern because: * His total number of external commitments, especially when he assumes the chairmanship of Ashtead plc in September 2018, raises questions over how he is able to devote the necessary time to each of his roles. However, support is warranted for the following reasons: * Considering that he has not yet been appointed as Ashtead's Chairman, he is not yet considered over-committed * He has only recently become a director of Ashtead so a degree of flexibility is considered appropriate to see if there is to be any reduction in his portfolio of directorships as a result of his new role. This matter will be re-visited at the time of the 2019 AGM.

4 Re-elect Brian Cassin as Director For For

5 Re-elect Caroline Donahue as Director For For

6 Re-elect Luiz Fleury as Director For For

7 Re-elect Deirdre Mahlan as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Experian plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

8 Re-elect Lloyd Pitchford as Director For For

9 Re-elect Don Robert as Director For For

10 Re-elect Mike Rogers as Director For For

11 Re-elect George Rose as Director For For

12 Re-elect Paul Walker as Director For For

13 Re-elect Kerry Williams as Director For For

14 Reappoint KPMG LLP as Auditors For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Experian plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

15 Authorise Board to Fix Remuneration of Auditors For For

16 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

17 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

18 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

19 Authorise Market Purchase of Ordinary Shares For For

Management Consulting Group PLC

Meeting Date: 07/18/2018 Country: United Kingdom Meeting Type: Special Ticker: MMC

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Authorise Issue of New Ordinary Shares at a For For Discount Price

Blended Rationale: A vote FOR this transaction is warranted, but it is not without concern for shareholders because: * The issuance of shares is dilutive to non-participating shareholders. * The issue price represents a significant discount to the market price of the Company prior announcement. * The transaction involves a related party. The main reasons for support are: * There is sufficient business case for the proposed capital raising, and usage of proceeds is clearly stated. * Should the Placing and Open Offer not proceed (noting all resolutions are inter-conditional), there is a material risk that the Group will not have sufficient working capital for its present requirements; and in the absence of any prospect of remedy at that time, will likely lead to insolvent liquidation.

2 Authorise Issue of Equity in Connection with the For For Placing and Open Offer

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Management Consulting Group PLC

Proposal Vote Number Proposal Text Mgmt Rec Instruction

3 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with the Placing and Open Offer

4 Approve Waiver on Tender-Bid Requirement For For

5 Approve Terms of the Placing and Open Offer For For and PH Placing

6 Approve PH Placing as a Related Party For For Transaction

Mapletree North Asia Commercial Trust

Meeting Date: 07/18/2018 Country: Singapore Meeting Type: Annual Ticker: RW0U

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Adopt Report of the Trustee, Statement by the For For Manager, Audited Financial Statements and Auditors' Report

2 Approve PricewaterhouseCoopers LLP as For For Auditors and Authorize the Manager to Fix Their Remuneration

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Mapletree North Asia Commercial Trust

Proposal Vote Number Proposal Text Mgmt Rec Instruction

3 Approve Issuance of Equity or Equity-Linked For Against Securities with or without Preemptive Rights Voter Rationale: Share issuance limit without preemptive rights exceeds our 10% threshold

Blended Rationale: Share issuance limit without preemptive rights exceeds our 10% threshold

Renold plc

Meeting Date: 07/18/2018 Country: United Kingdom Meeting Type: Annual Ticker: RNO

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

Blended Rationale: A vote AGAINST this resolution is warranted, but is not without concerns for shareholders: * Due to the relatively high annual award limit (as a percentage of salary) and the Company's recent poor performance, the CEO's FY2019 LTIP award (granted in June 2018) is considered excessive, representing nearly 1 percent of the Company's issued ordinary share capital. This is a high level of potential reward for a Company that recently fell out of the FTSE All-Share due to a material decline in share price.

3 Re-elect Mark Harper as Director For For

Blended Rationale: A vote FOR the re-election of Mark Harper, Ian Griffiths and David Landless is warranted because no significant concerns have been identified.

4 Re-elect Ian Griffiths as Director For For

Blended Rationale: A vote FOR the re-election of Mark Harper, Ian Griffiths and David Landless is warranted because no significant concerns have been identified.

5 Re-elect David Landless as Director For For

Blended Rationale: A vote FOR the re-election of Mark Harper, Ian Griffiths and David Landless is warranted because no significant concerns have been identified.

6 Reappoint Deloitte LLP as Auditors For For

7 Authorise Board to Fix Remuneration of Auditors For For

8 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

9 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Renold plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

10 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

11 Authorise Market Purchase of Ordinary Shares For For

12 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

13 Authorise EU Political Donations and For For Expenditure

Severn Trent Plc

Meeting Date: 07/18/2018 Country: United Kingdom Meeting Type: Annual Ticker: SVT

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Remuneration Policy For For

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

4 Amend Long Term Incentive Plan 2014 For For

5 Approve Final Dividend For For

6 Re-elect Kevin Beeston as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

7 Re-elect James Bowling as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

8 Re-elect John Coghlan as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

9 Re-elect Andrew Duff as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

10 Re-elect Olivia Garfield as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Severn Trent Plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

11 Re-elect Dominique Reiniche as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

12 Re-elect Philip Remnant as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

13 Re-elect Angela Strank as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

14 Reappoint Deloitte LLP as Auditors For For

15 Authorise the Audit Committee to Fix For For Remuneration of Auditors

16 Authorise EU Political Donations and For For Expenditure

17 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

18 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

19 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

20 Authorise Market Purchase of Ordinary Shares For For

21 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Sok Marketler Ticaret A.S.

Meeting Date: 07/18/2018 Country: Turkey Meeting Type: Annual Ticker: SOKM

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Open Meeting and Elect Presiding Council of For For Meeting

Blended Rationale: These items warrant a vote FOR because they are routine formalities required for the meeting to take place.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Sok Marketler Ticaret A.S.

Proposal Vote Number Proposal Text Mgmt Rec Instruction

2 Authorize Presiding Council to Sign Minutes of For For Meeting

Blended Rationale: These items warrant a vote FOR because they are routine formalities required for the meeting to take place.

3 Accept Board Report For For

Blended Rationale: These items warrant a vote FOR because: * These are routine requests in Turkey; and * There are no specific concerns with the company's accounts.

4 Accept Audit Report For For

Blended Rationale: These items warrant a vote FOR because: * These are routine requests in Turkey; and * There are no specific concerns with the company's accounts.

5 Accept Financial Statements For For

Blended Rationale: These items warrant a vote FOR because: * These are routine requests in Turkey; and * There are no specific concerns with the company's accounts.

6 Approve Standard Accounting Transfers For For

7 Approve Discharge of Board For For

8 Elect Directors and Approve Their Remuneration For Against

Voter Rationale: Lack of disclosure so unable to make an informed decision.

Blended Rationale: Lack of disclosure so unable to make an informed decision.

9 Approve Allocation of Income For For

Blended Rationale: These items warrant a vote FOR because: * These are routine requests in Turkey; and * There are no specific concerns with the company's accounts.

10 Ratify External Auditors For Against

Voter Rationale: Lack of disclosure so unable to make an informed decision.

Blended Rationale: Lack of disclosure so unable to make an informed decision.

14 Approve Related Party Transactions, Donation For Against and Profit Distribution Policies Voter Rationale: Lack of disclosure so unable to make an informed decision.

Blended Rationale: Lack of disclosure so unable to make an informed decision.

15 Grant Permission for Board Members to Engage For For in Commercial Transactions with Company and Be Involved with Companies with Similar Corporate Purpose

TalkTalk Telecom Group PLC

Meeting Date: 07/18/2018 Country: United Kingdom Meeting Type: Annual Ticker: TALK

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

TalkTalk Telecom Group PLC

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

4 Re-elect Sir Charles Dunstone as Director For For

Blended Rationale: Items 5-7, 9, 10 and 12: Re-elect Directors A vote FOR these Directors is warranted as no significant concerns have been identified. Item 4: Re-elect Charles Dunstone as Director A vote AGAINST his re-election is warranted on account of: * A number of governance concerns have been identified, not least of which is the placing of c. 19.9% of the Company's issued share capital during the year which circumvented the well-established UK market norms around pre-emption rights. * The Board's key sub-committees' composition has been a cause of concern for many years; this was exacerbated during the year by the appointment of a new NED who has previous links and association with Charles Dunstone, thereby reducing the level of demonstrably independent representation on the Company's Board. No search consultancy was appointed to assist with the fulfilment of the NED position, and no explanation has been provided to justify this approach. * As Board Chair he retains overall responsibility for the Board's corporate governance arrangements. Item 8: Re-elect John Gildersleeve as Director A vote AGAINST his re-election is considered warranted on account of : * Potential independence issues have been identified and he continues to Chair the Board's Remuneration Committee, the composition of which is not considered to be in line with recommendations of the UK Code. Item 11: Re-elect Roger Taylor as Director A vote AGAINST his re-election is considered warranted on account of: * He is not considered to be independent by the Board but continues to remain a member of the Remuneration Committee, the composition of which is not considered to be in line with recommendations of the UK Code. Item 13: Elect Nigel Langstaff as Director A vote AGAINST his re-election is considered warranted on account of: * Potential independence issues have been identified and he was appointed as a member of the Board's Audit Committee, the composition of which is not considered to be in line with recommendations of the UK Code.

5 Elect Kate Ferry as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

TalkTalk Telecom Group PLC

Proposal Vote Number Proposal Text Mgmt Rec Instruction

6 Re-elect Tristia Harrison as Director For For

7 Re-elect Ian West as Director For For

8 Re-elect John Gildersleeve as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

TalkTalk Telecom Group PLC

Proposal Vote Number Proposal Text Mgmt Rec Instruction

9 Re-elect John Allwood as Director For For

10 Re-elect Cath Keers as Director For For

11 Re-elect Roger Taylor as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

TalkTalk Telecom Group PLC

Proposal Vote Number Proposal Text Mgmt Rec Instruction

12 Re-elect Sir Howard Stringer as Director For For

13 Elect Nigel Langstaff as Director For For

14 Reappoint Deloitte LLP as Auditors For For

15 Authorise Board to Fix Remuneration of Auditors For For

16 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: Item 16, 18 and 19: General Authorities to Issue Shares and Disapply Pre-emption Rights A vote AGAINST these items is considered warranted on account of: * Abuse of similar authorities approved at the previous AGM.

17 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

18 Authorise Issue of Equity without Pre-emptive For Against Rights Voter Rationale: Abuse of similar authorities approved at the previous AGM.

Blended Rationale: Abuse of similar authorities approved at the previous AGM.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

TalkTalk Telecom Group PLC

Proposal Vote Number Proposal Text Mgmt Rec Instruction

19 Authorise Issue of Equity without Pre-emptive For Against Rights in Connection with an Acquisition or Other Capital Investment Voter Rationale: Abuse of similar authorities approved at the previous AGM.

Blended Rationale: Abuse of similar authorities approved at the previous AGM.

20 Authorise Market Purchase of Ordinary Shares For For

Babcock International Group plc

Meeting Date: 07/19/2018 Country: United Kingdom Meeting Type: Annual Ticker: BAB

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

4 Re-elect Mike Turner as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

5 Re-elect Archie Bethel as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

6 Re-elect John Davies as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

7 Re-elect Franco Martinelli as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

8 Re-elect Sir David Omand as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

9 Re-elect Ian Duncan as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

10 Re-elect Jeff Randall as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

11 Re-elect Myles Lee as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Babcock International Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

12 Re-elect Victoire de Margerie as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

13 Elect Kjersti Wiklund as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

14 Elect Lucy Dimes as Director For For

Blended Rationale: A vote FOR these candidates is warranted as no significant concerns have been identified.

15 Reappoint PricewaterhouseCoopers LLP as For For Auditors

16 Authorise Audit and Risk Committee to Fix For For Remuneration of Auditors

17 Authorise EU Political Donations and For For Expenditure

18 Approve Increase in the Maximum Aggregate For For Fees Payable to Directors

19 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

20 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

21 Authorise Market Purchase of Ordinary Shares For For

22 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Big Yellow Group plc

Meeting Date: 07/19/2018 Country: United Kingdom Meeting Type: Annual Ticker: BYG

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Remuneration Policy For For

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Big Yellow Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

4 Approve Final Dividend For For

5 Re-elect Richard Cotton as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

6 Re-elect James Gibson as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

7 Re-elect Georgina Harvey as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

8 Re-elect Steve Johnson as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

9 Elect Anna Keay as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

10 Re-elect Adrian Lee as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

11 Re-elect Vince Niblett as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

12 Re-elect John Trotman as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

13 Re-elect Nicholas Vetch as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

14 Reappoint KPMG LLP as Auditors For For

15 Authorise Board to Fix Remuneration of Auditors For For

16 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

17 Approve Deferred Bonus Share Plan For For

18 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

19 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Big Yellow Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

20 Authorise Market Purchase of Ordinary Shares For For

21 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Caledonia Investments plc

Meeting Date: 07/19/2018 Country: United Kingdom Meeting Type: Annual Ticker: CLDN

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

4 Re-elect David Stewart as Director For For

Blended Rationale: Item 4 to 6 and 8 to 12 A vote FOR the re-election/election of David Stewart, Will Wyatt, Stephen King, The Hon. Charles Cayzer, Stuart Bridges, Charles Gregson, Shonaid Jemmett-Page and Guy Davison is warranted because no significant concerns have been identified. Item 7 A vote FOR the re-election of Jamie Cayzer-Colvin is warranted, but it is not without concern for shareholders: * Apart from his role as Executive Director of the Company, he serves as Non-executive Chair at another listed company as well as NED of another listed company. The main reason for support is: * Mr. Cayzer-Colvin is an Executive Director. An adverse vote is not considered appropriate at this time, in respect of his executive role. His external commitments will be kept under review.

5 Re-elect Will Wyatt as Director For For

6 Re-elect Stephen King as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Caledonia Investments plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

7 Re-elect Jamie Cayzer-Colvin as Director For For

8 Re-elect Charles Cayzer as Director For For

9 Re-elect Stuart Bridges as Director For For

10 Re-elect Charles Gregson as Director For For

11 Re-elect Shonaid Jemmett-Page as Director For For

12 Elect Guy Davison as Director For For

13 Reappoint KPMG LLP as Auditors For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Caledonia Investments plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

14 Authorise Board to Fix Remuneration of Auditors For For

15 Authorise Market Purchase of Ordinary Shares For For

16 Approve Waiver on Tender-Bid Requirement For Against

Voter Rationale: potential for creeping control

Blended Rationale: potential for creeping control

17 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

18 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

19 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Carclo plc

Meeting Date: 07/19/2018 Country: United Kingdom Meeting Type: Annual Ticker: CAR

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Elect Mark Rollins as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

4 Elect Sarah Matthews-DeMers as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

5 Re-elect Chris Malley as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

6 Re-elect Peter Slabbert as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

7 Re-elect David Toohey as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Carclo plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

8 Reappoint KPMG LLP as Auditors For For

9 Authorise the Audit Committee to Fix For For Remuneration of Auditors

10 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

11 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

12 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Specified Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

13 Authorise Market Purchase of Ordinary Shares For For

14 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Electrocomponents plc

Meeting Date: 07/19/2018 Country: United Kingdom Meeting Type: Annual Ticker: ECM

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

4 Re-elect Bertrand Bodson as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

5 Re-elect Louisa Burdett as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

6 Re-elect David Egan as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Electrocomponents plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

7 Re-elect Karen Guerra as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

8 Re-elect Peter Johnson as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

9 Re-elect John Pattullo as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

10 Re-elect Simon Pryce as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

11 Re-elect Lindsley Ruth as Director For For

Blended Rationale: A vote FOR these Directors is warranted as no significant concerns have been identified.

12 Reappoint PricewaterhouseCoopers LLP as For For Auditors

13 Authorise Board to Fix Remuneration of Auditors For For

14 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

15 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

16 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

17 Authorise Market Purchase of Ordinary Shares For For

18 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

19 Approve Savings Related Share Option Scheme For For

F.I.B.I. Holdings Ltd.

Meeting Date: 07/19/2018 Country: Israel Meeting Type: Annual Ticker: FIBI

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

F.I.B.I. Holdings Ltd.

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1.1 Reelect Gil Bino as Director For For

Blended Rationale: Votes FOR are warranted as the company has provided sufficient information on these proposals and as there are no concerns with the board and its committees' structure and functioning.

1.2 Reelect Gary Stock as Director For For

1.3 Reelect Harry Cooper as Director For For

1.4 Reelect Debbie Saperia as Director For For

1.5 Reelect Dafna Bino Or as Director For For

2 Reappoint Somekh Chaikin as Auditors and For For Authorize Board to Fix Their Remuneration

5 Approve D&O Indemnification Agreements For For

A Vote FOR if you are a controlling shareholder or None Against have a personal interest in one or several resolutions, as indicated in the proxy card; otherwise, vote AGAINST. You may not abstain. If you vote FOR, please provide an explanation to your account manager

Voter Rationale: Administrative

Blended Rationale: Administrative

B1 If you are an Interest Holder as defined in None Against Section 1 of the Securities Law, 1968, vote FOR. Otherwise, vote against. Voter Rationale: Administrative

Blended Rationale: Administrative

B2 If you are a Senior Officer as defined in Section None Against 37(D) of the Securities Law, 1968, vote FOR. Otherwise, vote against. Voter Rationale: Administrative

Blended Rationale: Administrative

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

F.I.B.I. Holdings Ltd.

Proposal Vote Number Proposal Text Mgmt Rec Instruction

B3 If you are an Institutional Investor as defined in None For Regulation 1 of the Supervision Financial Services Regulations 2009 or a Manager of a Joint Investment Trust Fund as defined in the Joint Investment Trust Law, 1994, vote FOR. Otherwise, vote against.

Voter Rationale: Administrative

Blended Rationale: Administrative

Halma plc

Meeting Date: 07/19/2018 Country: United Kingdom Meeting Type: Annual Ticker: HLMA

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Final Dividend For For

3 Approve Remuneration Policy For For

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

4 Approve Remuneration Report For For

5 Re-elect Paul Walker as Director For For

Blended Rationale: Item 5 A vote FOR this candidate is warranted, though it is not without concern for shareholders: * Paul Walker's total number of external commitments, especially when he assumes the chairmanship of Ashtead plc in September 2018, raises questions over how he is able to devote the necessary time to each of his roles. The main reason for support is: * His external time commitments have recently increased, and are within recommended limits until September 2018. His commitments will be kept under review ahead of the next AGM. Items 6-14 A vote FOR these candidates is warranted as no significant concerns have been identified.

6 Re-elect Andrew Williams as Director For For

7 Re-elect Adam Meyers as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Halma plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

8 Re-elect Daniela Barone Soares as Director For For

9 Re-elect Roy Twite as Director For For

10 Re-elect Tony Rice as Director For For

11 Re-elect Carole Cran as Director For For

12 Re-elect Jo Harlow as Director For For

13 Re-elect Jennifer Ward as Director For For

14 Elect Marc Ronchetti as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Halma plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

15 Reappoint PricewaterhouseCoopers LLP as For For Auditors

16 Authorise Board to Fix Remuneration of Auditors For For

17 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

18 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

19 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

20 Authorise Market Purchase of Ordinary Shares For For

21 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

HarbourVest Global Private Equity Limited

Meeting Date: 07/19/2018 Country: Guernsey Meeting Type: Annual Ticker: HVPE

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Re-elect Sir Michael Bunbury as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

4 Re-elect Francesca Barnes as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

5 Re-elect Keith Corbin as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

HarbourVest Global Private Equity Limited

Proposal Vote Number Proposal Text Mgmt Rec Instruction

6 Re-elect Alan Hodson as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

7 Re-elect Andrew Moore as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

8 Elect Steven Wilderspin as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

9 Re-elect Peter Wilson as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

10 Re-elect Brooks Zug as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

11 Ratify Ernst & Young LLP as Auditors For For

12 Authorise Board to Fix Remuneration of Auditors For For

13 Authorise Market Purchase of Ordinary Shares For For

14 Adopt New Articles of Association For For

Nutrien Ltd.

Meeting Date: 07/19/2018 Country: Canada Meeting Type: Annual Ticker: NTR

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1.1 Elect Director Christopher M. Burley For For

Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.

1.2 Elect Director Maura J. Clark For For

Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.

1.3 Elect Director John W. Estey For For

Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.

1.4 Elect Director David C. Everitt For For

Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Nutrien Ltd.

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1.5 Elect Director Russell K. Girling For For

Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.

1.6 Elect Director Gerald W. Grandey For For

Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.

1.7 Elect Director Miranda C. Hubbs For For

Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.

1.8 Elect Director Alice D. Laberge For For

Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.

1.9 Elect Director Consuelo E. Madere For For

Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.

1.10 Elect Director Charles "Chuck" V. Magro For For

Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.

1.11 Elect Director Keith G. Martell For For

Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.

1.12 Elect Director A. Anne McLellan For For

Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.

1.13 Elect Director Derek G. Pannell For For

Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.

1.14 Elect Director Aaron W. Regent For For

Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.

1.15 Elect Director Mayo M. Schmidt For For

Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.

1.16 Elect Director Jochen E. Tilk For For

Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.

2 Approve Re-appointment of KPMG LLP as For For Auditors

3 Approve Stock Option Plan and Grant of Stock For For Options

4 Advisory Vote on Executive Compensation For For Approach

Personal Assets Trust plc

Meeting Date: 07/19/2018 Country: United Kingdom Meeting Type: Annual Ticker: PNL

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Personal Assets Trust plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Re-elect Hamish Buchan as Director For For

Blended Rationale: Item 3 An ABSTENTION on the re-election of Hamish Buchan is warranted because: * Potential independence issues has been identified and he currently sits on the Remuneration Committee, and the composition of this Committee does not adhere to UK best practice recommendations for a company of this size. Items 4 to 9 A vote FOR the election/re-election of Hamish Buchan, Iain Ferguson, Gordon Neilly, Paul Read, Frank Rushbrook, Jean Sharp and Robin Angus is warranted because no significant concerns have been identified.

4 Elect Iain Ferguson as Director For For

5 Re-elect Gordon Neilly as Director For For

6 Elect Paul Read as Director For For

7 Re-elect Frank Rushbrook as Director For For

8 Re-elect Jean Sharp as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Personal Assets Trust plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

9 Re-elect Robin Angus as Director For For

10 Appoint PwC LLP as Auditors and Authorise For For Their Remuneration

11 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

12 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

13 Authorise Market Purchase of Ordinary Shares For For

14 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

PGE Polska Grupa Energetyczna SA

Meeting Date: 07/19/2018 Country: Poland Meeting Type: Annual Ticker: PGE

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Approve Financial Statements For For

Blended Rationale: Votes FOR these items are warranted because there are no known concerns about the accounts presented or the audit procedures used.

2 Approve Consolidated Financial Statements For For

Blended Rationale: Votes FOR these items are warranted because there are no known concerns about the accounts presented or the audit procedures used.

3 Approve Management Board Report on For For Company's and Group's Operations

Blended Rationale: Votes FOR these items are warranted because there are no known concerns about the accounts presented or the audit procedures used.

4 Approve Allocation of Income For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

PGE Polska Grupa Energetyczna SA

Proposal Vote Number Proposal Text Mgmt Rec Instruction

5.1 Approve Discharge of Anna Kowalik For For (Supervisory Board Chairman)

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

5.2 Approve Discharge of Radoslaw Osinski (Former For For Supervisory Board Member)

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

5.3 Approve Discharge of Grzegorz Kuczynski For For (Supervisory Board Member)

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

5.4 Approve Discharge of Jaroslaw Glowacki For For (Former Supervisory Board Member)

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

5.5 Approve Discharge of Janina Goss (Supervisory For For Board Member)

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

5.6 Approve Discharge of Mateusz Gramza (Former For For Supervisory Board Member)

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

5.7 Approve Discharge of Witold Kozlowski For For (Supervisory Board Member)

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

5.8 Approve Discharge of Mieczyslaw Sawaryn For For (Supervisory Board Member)

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

5.9 Approve Discharge of Artur Skladanek For For (Supervisory Board Member)

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

5.10 Approve Discharge of Henryk Baranowski (CEO) For For

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

5.11 Approve Discharge of Marta Gajecka (Former For For Deputy CEO)

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

PGE Polska Grupa Energetyczna SA

Proposal Vote Number Proposal Text Mgmt Rec Instruction

5.12 Approve Discharge of Boleslaw Jankowski For For (Former Deputy CEO)

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

5.13 Approve Discharge of Marek Pastuszko (Deputy For For CEO)

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

5.14 Approve Discharge of Pawel Sliwa (Deputy CEO) For For

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

5.15 Approve Discharge of Ryszard Wasilek (Deputy For For CEO)

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

5.16 Approve Discharge of Emil Wojtowicz (Deputy For For CEO)

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

5.17 Approve Discharge of Wojciech Kowalczyk For For (Deputy CEO)

Blended Rationale: Votes FOR these items are warranted because there are no known concerns with respect to the actions taken by the supervisory board in fiscal 2017.

6 Elect Supervisory Board Member For Against

Voter Rationale: Lack of disclosure so unable to make an informed decision.

Blended Rationale: Lack of disclosure so unable to make an informed decision.

Royal Mail plc

Meeting Date: 07/19/2018 Country: United Kingdom Meeting Type: Annual Ticker: RMG

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Royal Mail plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

2 Approve Remuneration Report For For

Blended Rationale: A vote AGAINST the remuneration report is warranted on account of: * Termination payments to the former CEO Moya Greene, exceed 12 months' fixed pay in addition to pro-rated salary and other variable pay elements for FY2019, including a guaranteed bonus. Furthermore, and more crucially the notice period was considered to begin from the date of stepping down (September 2018) rather than the date of actual notice period announcement (April 2018). The Company's treatment of the former CEO's bonus is not considered to be on a cost-neutral basis for shareholders and the disclosures in previous years have fallen short of accurate representation on termination provisions that have now fallen due. * The newly appointed CEO's salary is at a level higher than that of the outgoing CEO; and * The Company's remuneration policy specifically includes a commitment to base half of performance metrics within the annual bonus scorecard on financial measures. During the year under review, the Company has only used four financial measures – which comprise c. 32% of maximum bonus entitlement.

3 Approve Final Dividend For For

4 Elect Stuart Simpson as Director For For

Blended Rationale: Items 4-8 and 10-12 A vote FOR these Directors is warranted as no significant concerns have been identified. Item 9 A vote AGAINST the re-election of Peter Long is warranted: * In addition to his role as Board Chair, Peter Long is interim Executive Chair at Countrywide plc, Non-executive Chair at Parques Reunidos Servicios Centrales SA and is Deputy Chair of TUI AG. These significant external time commitments raise questions as to his ability to devote the necessary time required to Royal Mail.

5 Elect Simon Thompson as Director For For

6 Elect Keith Williams as Director For For

7 Elect Rico Back as Director For For

8 Elect Sue Whalley as Director For For

9 Re-elect Peter Long as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Royal Mail plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

10 Re-elect Rita Griffin as Director For For

11 Re-elect Orna Ni-Chionna as Director For For

12 Re-elect Les Owen as Director For For

13 Reappoint KPMG LLP as Auditors For For

14 Authorise the Audit and Risk Committee to Fix For For Remuneration of Auditors

15 Authorise EU Political Donations and For For Expenditure

16 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

17 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

18 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

19 Authorise Market Purchase of Ordinary Shares For For

20 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

SATS Ltd

Meeting Date: 07/19/2018 Country: Singapore Meeting Type: Annual Ticker: S58

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

SATS Ltd

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Adopt Financial Statements and Directors' and For For Auditors' Reports

2 Approve Final Dividend For For

3 Elect Alexander Charles Hungate as Director For For

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

4 Elect Tan Soo Nan as Director For For

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

5 Approve Directors' Fees For For

6 Approve KPMG LLP as Auditors and Authorize For For Board to Fix Their Remuneration

7 Approve Issuance of Equity or Equity-Linked For For Securities with or without Preemptive Rights

8 Approve Grant of Awards and Issuance of For For Shares Under the SATS Performance Share Plan and SATS Restricted Share Plan

9 Approve Mandate for Interested Person For For Transactions

10 Authorize Share Repurchase Program For For

Speedy Hire Plc

Meeting Date: 07/19/2018 Country: United Kingdom Meeting Type: Annual Ticker: SDY

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Speedy Hire Plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

4 Re-elect Jan Astrand as Director For For

Blended Rationale: Items 4 to 6, 8 and 9 A vote FOR these candidates is warranted as no significant concerns have been identified. Item 7: Re-elect Bob Contreas as Director A vote FOR this candidate is considered warranted, even though it is not without concern for shareholders: * He is the Chair of the Audit Committee and as such he is considered responsible for the Company's audit practices. In this case, the Company has not put the external audit to tender since 2001 and currently it is not planning to do so. The main reason for support is: * Technically, the requirement to tender the audit every ten years does not apply to FTSE SmallCap companies. Item 10: Re-elect David Shearer as Director A vote FOR this candidate is considered warranted, even though it is not without concern for shareholders: * In addition to his role as NED at Speedy Hire, David Shearer also holds directorships at three other publicly listed companies, including two chairmanships: overall, his external time commitments are significant and may potentially impair his ability to devote sufficient time to his role as NED at Speedy Hire. The main reason for support is: * All his external directorships are at relatively small investment trusts, which generally require less demanding time commitments than operating companies.

5 Re-elect Russell Down as Director For For

6 Re-elect Chris Morgan as Director For For

7 Re-elect Bob Contreras as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Speedy Hire Plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

8 Re-elect Rob Barclay as Director For For

9 Re-elect David Garman as Director For For

10 Re-elect David Shearer as Director For For

11 Reappoint KPMG LLP as Auditors For For

12 Authorise Board to Fix Remuneration of Auditors For For

13 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

14 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Speedy Hire Plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

15 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

16 Authorise Market Purchase of Ordinary Shares For For

17 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

18 Authorise EU Political Donations and For For Expenditure

19 Amend Articles of Association For For

SSE plc

Meeting Date: 07/19/2018 Country: United Kingdom Meeting Type: Annual Ticker: SSE

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

4 Re-elect Gregor Alexander as Director For For

Blended Rationale: Item 4-7, 9 and 11-12 A vote FOR these Directors is warranted as no significant concerns have been identified. Item 8: Re-elect Richard Gillingwater as Director A vote FOR this candidate is considered warranted, even though it is not without concern for shareholders: * In addition to his role as Board Chair at SSE, he holds directorships at Janus Henderson and Whitbread: overall, his external time commitments are considered significant and may potentially impair his ability to devote sufficient time to his role as Chair of SSE. Main reason for support: * Although significant, his overall time commitments remain within ISS policy guidelines on external board mandates. Item 10: Re-elect Helen Mahy as Director A vote FOR this candidate is considered warranted, even though it is not without concern for shareholders: * In addition to her role as NED at SSE plc, Helen Mahy is the Board Chair at Renewables Infrastructure Group Ltd and MedicX Fund Ltd and NED at Bonheur ASA. Overall, her external time commitments are significant and may potentially impair her ability to devote sufficient time to her role as NED of SSE. The main reason for support is: * All the Companies where she holds external directorships are investment companies, which generally require less demanding time commitments than operating companies.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

SSE plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

5 Re-elect Sue Bruce as Director For For

6 Elect Tony Cocker as Director For For

7 Re-elect Crawford Gillies as Director For For

8 Re-elect Richard Gillingwater as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

SSE plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

9 Re-elect Peter Lynas as Director For For

10 Re-elect Helen Mahy as Director For For

11 Re-elect Alistair Phillips-Davies as Director For For

12 Elect Martin Pibworth as Director For For

13 Reappoint KPMG LLP Auditors For For

14 Authorise Audit Committee to Fix Remuneration For For of Auditors

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

SSE plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

15 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

16 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

17 Authorise Market Purchase of Ordinary Shares For For

18 Approve Scrip Dividend Scheme For For

19 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

SSE plc

Meeting Date: 07/19/2018 Country: United Kingdom Meeting Type: Special Ticker: SSE

Proposal Vote Number Proposal Text Mgmt Rec Instruction

i Approve the Declaration of a Special Dividend to For For give effect to the Demerger of SSE Energy Services from SSE

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

ii Approve Waiver on Tender-Bid Requirement For For

Suedzucker AG

Meeting Date: 07/19/2018 Country: Germany Meeting Type: Annual Ticker: SZU

Proposal Vote Number Proposal Text Mgmt Rec Instruction

2 Approve Allocation of Income and Dividends of For For EUR 0.45 per Share

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Suedzucker AG

Proposal Vote Number Proposal Text Mgmt Rec Instruction

3 Approve Discharge of Management Board for For For Fiscal 2017/18

Blended Rationale: Votes FOR these proposals are warranted as there is no evidence that the boards have not fulfilled their fiduciary duties.

4 Approve Discharge of Supervisory Board for For For Fiscal 2017/18

Blended Rationale: Votes FOR these proposals are warranted as there is no evidence that the boards have not fulfilled their fiduciary duties.

5 Ratify PricewaterhouseCoopers GmbH as For For Auditors for Fiscal 2018/19

6 Amend Articles Re: Legal Form of Shares For For

The Edinburgh Investment Trust plc

Meeting Date: 07/19/2018 Country: United Kingdom Meeting Type: Annual Ticker: EDIN

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Policy For For

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

3 Approve Remuneration Report For For

4 Approve Final Dividend For For

5 Re-elect Glen Suarez as Director For For

Blended Rationale: A vote FOR the re-election of Glen Suarez, Gordon McQueen, Maxwell Ward, Victoria Hastings and Sir Nigel Wicks is warranted because no significant concerns have been identified.

6 Re-elect Gordon McQueen as Director For For

Blended Rationale: A vote FOR the re-election of Glen Suarez, Gordon McQueen, Maxwell Ward, Victoria Hastings and Sir Nigel Wicks is warranted because no significant concerns have been identified.

7 Re-elect Maxwell Ward as Director For For

Blended Rationale: A vote FOR the re-election of Glen Suarez, Gordon McQueen, Maxwell Ward, Victoria Hastings and Sir Nigel Wicks is warranted because no significant concerns have been identified.

8 Re-elect Victoria Hastings as Director For For

Blended Rationale: A vote FOR the re-election of Glen Suarez, Gordon McQueen, Maxwell Ward, Victoria Hastings and Sir Nigel Wicks is warranted because no significant concerns have been identified.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

The Edinburgh Investment Trust plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

9 Re-elect Sir Nigel Wicks as Director For For

Blended Rationale: A vote FOR the re-election of Glen Suarez, Gordon McQueen, Maxwell Ward, Victoria Hastings and Sir Nigel Wicks is warranted because no significant concerns have been identified.

10 Reappoint KPMG LLP as Auditors For For

11 Authorise the Audit Committee to Fix For For Remuneration of Auditors

12 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

13 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

14 Authorise Market Purchase of Ordinary Shares For For

15 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

Turk Telekomunikasyon AS

Meeting Date: 07/19/2018 Country: Turkey Meeting Type: Special Ticker: TTKOM

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Open Meeting and Elect Presiding Council of For For Meeting

2 Authorize Presiding Council to Sign Minutes of For For Meeting

3 Elect Directors and Approve Their Remuneration For Against

Voter Rationale: Bundled resolution with not all directors' names disclosed.

Blended Rationale: Bundled resolution with not all directors' names disclosed.

4 Grant Permission for Board Members to Engage For For in Commercial Transactions with Company and Be Involved with Companies with Similar Corporate Purpose

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

VMware, Inc.

Meeting Date: 07/19/2018 Country: USA Meeting Type: Annual Ticker: VMW

Proposal Vote Number Proposal Text Mgmt Rec Instruction

2 Advisory Vote to Ratify Named Executive For Against Officers' Compensation

Blended Rationale: The minimum vesting period is less than three years.

3 Ratify PricewaterhouseCoopers LLP as Auditors For For

Wipro Limited

Meeting Date: 07/19/2018 Country: India Meeting Type: Annual Ticker: 507685

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Confirm Interim Dividend as Final Dividend For For

3 Reelect Rishad A Premji as Director For For

Blended Rationale: A vote AGAINST Ireena Vittal (Item 4) is warranted because she has attended less than 75 percent of board and committee meetings over the most recent fiscal year, without a satisfactory explanation. A vote FOR Rishad A. Premji (Item 3) is warranted given the absence of any known issues concerning the nominee and the company's board and committee dynamics.

4 Reelect Ireena Vittal as Director For Against

Voter Rationale: Overboarded and has attended less than 75% of meetings for 2 consecutive years

Blended Rationale: Overboarded and has attended less than 75% of meetings for 2 consecutive years

Wipro Limited

Meeting Date: 07/19/2018 Country: India Meeting Type: Annual Ticker: 507685

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Wipro Limited

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Confirm Interim Dividend as Final Dividend For For

3 Reelect Rishad A Premji as Director For For

4 Reelect Ireena Vittal as Director For Against

Voter Rationale: Overboarded and has attended less than 75% of meetings for 2 consecutive years

Blended Rationale: Overboarded and has attended less than 75% of meetings for 2 consecutive years

Bajaj Auto Ltd.

Meeting Date: 07/20/2018 Country: India Meeting Type: Annual Ticker: BAJAJ-AUTO

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Dividend For For

3 Reelect Niraj Bajaj as Director For For

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

4 Reelect Manish Kejriwal as Director For For

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

5 Authorize Board to Fix Remuneration of S R B For For C & CO LLP, Chartered Accountants as Auditors

6 Elect Anami Roy as Director For For

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

HomeServe plc

Meeting Date: 07/20/2018 Country: United Kingdom Meeting Type: Annual Ticker: HSV

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Remuneration Report For For

3 Approve Final Dividend For For

4 Re-elect Barry Gibson as Director For For

Blended Rationale: Items 4-12A vote FOR these Directors is warranted as no significant concerns have been identified.Item 13A vote FOR this director is warranted although it is not without concern because:DIRECTOR'S EXTERNAL TIME COMMITMENTS In addition to his role at HomeServe plc, Ron McMillan has four other non-executive directorships. Whilst this is within ISS guidelines, it is highlighted that on three of these boards, he is the Senior Independent Director (SID). Further, he is the Chair of the Audit committee at all five companies. As such, shareholders may wish to seek assurances that he can devote sufficient time to his role at HomeServe plc.The AR&As state that "Time commitment is discussed with prospective Non-Executive Directors as part of the recruitment process. The Board is satisfied that all Non-Executive Directors have sufficient time to meet their commitment to the Company."

5 Re-elect Richard Harpin as Director For For

6 Re-elect David Bower as Director For For

7 Re-elect Johnathan Ford as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

HomeServe plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

8 Re-elect Tom Rusin as Director For For

9 Re-elect Katrina Cliffe as Director For For

10 Re-elect Stella David as Director For For

11 Re-elect Edward Fitzmaurice as Director For For

12 Re-elect Chris Havemann as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

HomeServe plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

13 Elect Ron McMillan as Director For For

14 Reappoint Deloitte LLP as Auditors For For

15 Authorise Board to Fix Remuneration of Auditors For For

16 Authorise Issue of Equity with Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

17 Authorise Issue of Equity without Pre-emptive For For Rights

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

18 Authorise Issue of Equity without Pre-emptive For For Rights in Connection with an Acquisition or Other Capital Investment

Blended Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

19 Authorise Market Purchase of Ordinary Shares For For

20 Authorise the Company to Call General Meeting For For with Two Weeks' Notice

21 Approve HomeServe 2018 Long Term Incentive For For Plan

Karnataka Bank Ltd. (The)

Meeting Date: 07/21/2018 Country: India Meeting Type: Annual Ticker: KTKBANK

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Dividend For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Karnataka Bank Ltd. (The)

Proposal Vote Number Proposal Text Mgmt Rec Instruction

3 Reelect P. Jayarama Bhat as Director For For

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

4 Approve Manohar Chowdhry & Associates, For Against Chartered Accountants and Badari, Madhusudhan & Srinivasan, Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration

Voter Rationale: Fees paid to auditors not disclosed

Blended Rationale: Fees paid to auditors not disclosed

5 Appoint Branch Auditors and Authorize Board to For Against Fix Their Remuneration Voter Rationale: Fees paid to auditors not disclosed

Blended Rationale: Fees paid to auditors not disclosed

6 Elect Mythily Ramesh as Director For For

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

7 Approve Revision in the Remuneration of For For Mahabaleshwara M S as Managing Director & CEO

8 Increase Authorized Share Capital and Amend For For Memorandum of Association

Blended Rationale: A vote FOR these resolutions is warranted given the capital increase is within a reasonable range.

9 Amend Memorandum of Association to Reflect For For Changes in Capital

Blended Rationale: A vote FOR these resolutions is warranted given the capital increase is within a reasonable range.

10 Reelect Ashok Haranahalli as Director For For

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

11 Reelect Rammohan Rao Belle as Director For For

Blended Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

12 Amend Articles of Association For For

13 Approve KBL Stock Option Scheme 2018 For For

Allianz Technology Trust PLC

Meeting Date: 07/23/2018 Country: United Kingdom Meeting Type: Special Ticker: ATT

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Allianz Technology Trust PLC

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Authorise Issue of Equity with Pre-emptive For For Rights (Additional Authority)

Blended Rationale: Items 1 and 3 A vote FOR these resolutions is warranted, although it is not without concern for shareholders: * The proposed authorities are in addition to the existing authorities, which has since been substantially utilised by the Company. The main reasons for support are: * The proposed amounts and durations are within recommended limits; and * The Company has clearly explained the rationale behind the proposals. Items 2 and 4 A vote AGAINST these resolutions is warranted because: * The proposed authorities exceed the recommended limits of 33% of issued share capital for issuances with pre-emptive rights and 5% of issued share capital (or 10% of issued share capital when there is commitment that shares will be issued at or above NAV) for issuances without pre-emptive rights. These are in addition to the proposed authorities requested under Items 1 and 3.

2 Authorise Issue of Equity in Connection with the For Against Placing Programme Voter Rationale: Excessive dilution.

Blended Rationale: Excessive dilution.

3 Authorise Issue of Equity without Pre-emptive For For Rights (Additional Authority)

4 Authorise Issue of Equity without Pre-emptive For Against Rights in Connection with the Placing Programme Voter Rationale: Excessive dilution.

Blended Rationale: Excessive dilution.

HEG Ltd.

Meeting Date: 07/23/2018 Country: India Meeting Type: Annual Ticker: 509631

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Confirm Interim Dividend and Declare Final For For Dividend

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

HEG Ltd.

Proposal Vote Number Proposal Text Mgmt Rec Instruction

3 Reelect Satyendra Nath Bhattacharya as For For Director

Blended Rationale: A vote AGAINST Dharmendar Nath Davar (Item 6) is warranted because he serves on a total of more than six public company boards.A vote FOR all other nominees is warranted given the absence of any known issues concerning the nominees.

4 Approve S C Vasudeva & Co, Chartered For For Accountants as Auditors and Authorize Board to Fix Their Remuneration

5 Reelect Vinita Singhania as Director For For

6 Reelect Dharmendar Nath Davar as Director For Against

Voter Rationale: Overboarded

Blended Rationale: Overboarded

7 Reelect Om Parkash Bahl as Director For For

8 Approve Commission to Non-Executive Directors For For

9 Approve Remuneration of Cost Auditors For For

Midea Group Co., Ltd.

Meeting Date: 07/23/2018 Country: China Meeting Type: Special Ticker: 000333

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Approve Repurchase of the Company's Shares For For

Blended Rationale: A vote FOR is warranted because no concerns have been identified.

1.1 Approve Manner and Usage of Share For For Repurchase

Blended Rationale: A vote FOR is warranted because no concerns have been identified.

1.2 Approve Price or Price Range and Pricing For For Principle of the Share Repurchase

Blended Rationale: A vote FOR is warranted because no concerns have been identified.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Midea Group Co., Ltd.

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1.3 Approve Total Capital and Capital Source Used For For for the Share Repurchase

Blended Rationale: A vote FOR is warranted because no concerns have been identified.

1.4 Approve Type, Number and Proportion of the For For Share Repurchase

Blended Rationale: A vote FOR is warranted because no concerns have been identified.

1.5 Approve Period of the Share Repurchase For For

Blended Rationale: A vote FOR is warranted because no concerns have been identified.

2 Approve Authorization of Board to Handle All For For Related Matters

Blended Rationale: A vote FOR is warranted because no concerns have been identified.

Banco Santander (Mexico) SA, Institucion de Banca Multiple, Grupo

Meeting Date: 07/24/2018 Country: Mexico Meeting Type: Special Ticker: BSMX B

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1.1 Elect Maria de Lourdes Melgar Palacios as For For Director; Elect Silvia Elena Giorguli Saucedo as Alternate Director Representing Series B Shareholders

1.2 Elect Antonio Puron Mier y Teran as Director; For For Elect Jesus Federico Reyes Heroles Gonzalez Garza as Alternate Director

2 Authorize Marcos Alejandro Martinez Gavica, For For Hector Blas Grisi Checa, Fernando Borja Mujica and Rocio Erika Bulhosen Aracil to Ratify and Execute Approved Resolutions

Banco Santander (Mexico) SA, Institucion de Banca Multiple, Grupo

Meeting Date: 07/24/2018 Country: Mexico Meeting Type: Special Ticker: BSMX B

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Banco Santander (Mexico) SA, Institucion de Banca Multiple, Grupo

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Elect or Ratify Directors Representing Series B For For Shareholders

2 Authorize Marcos Alejandro Martinez Gavica, For For Hector Blas Grisi Checa, Fernando Borja Mujica and Rocio Erika Bulhosen Aracil to Ratify and Execute Approved Resolutions

Chamberlin plc

Meeting Date: 07/24/2018 Country: United Kingdom Meeting Type: Annual Ticker: CMH

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For Against Reports Voter Rationale: Unable to support due to lack of annual report.

Blended Rationale: Unable to support due to lack of annual report.

2 Re-elect Keith Butler-Wheelhouse as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

3 Re-elect Kevin Nolan as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

4 Re-elect David Roberts as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

5 Re-elect Keith Jackson as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

6 Elect David Flowerday as Director For For

Blended Rationale: A vote FOR the election/re-election of these Directors is warranted because no significant concerns have been identified.

7 Approve Remuneration Report For Against

Voter Rationale: Unable to support due to lack of annual report.

Blended Rationale: Unable to support due to lack of annual report.

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Chamberlin plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

8 Reappoint Grant Thornton UK LLP as Auditors For Against and Authorise Their Remuneration Voter Rationale: Unable to support due to lack of annual report.

Blended Rationale: Unable to support due to lack of annual report.

9 Authorise Issue of Equity with Pre-emptive For Against Rights Voter Rationale: Unable to support due to lack of annual report.

Blended Rationale: Unable to support due to lack of annual report.

10 Authorise Issue of Equity without Pre-emptive For Against Rights Voter Rationale: Unable to support due to lack of annual report.

Blended Rationale: Unable to support due to lack of annual report.

11 Authorise Market Purchase of Ordinary Shares For Against

Voter Rationale: Unable to support due to lack of annual report.

Blended Rationale: Unable to support due to lack of annual report.

Charles Stanley Group plc

Meeting Date: 07/24/2018 Country: United Kingdom Meeting Type: Annual Ticker: CAY

Proposal Vote Number Proposal Text Mgmt Rec Instruction

1 Accept Financial Statements and Statutory For For Reports

2 Approve Final Dividend For For

3 Approve Remuneration Report For For

4 Approve Remuneration Policy For For

Blended Rationale: This resolution code is Referred to Schroders for case-by-case consideration.

5 Re-elect Sir David Howard as Director For For

Blended Rationale: A vote FOR the election/re-election of Sir David Howard, Paul Abberley, Ben Money-Coutts, Gary Teper, Bridget Guerin, Andrew Didham, Hugh Grootenhuis and Marcia Campbell is warranted because no significant concerns have been identified.

6 Re-elect Paul Abberley as Director For For

Vote Summary Report Date range covered: 07/01/2018 to 07/31/2018

Charles Stanley Group plc

Proposal Vote Number Proposal Text Mgmt Rec Instruction

7 Re-elect Benjamin Money-Coutts as Director For For

8 Re-elect Gary Teper as Director For For

9 Re-elect Bridget Guerin as Director For For

10 Re-elect Andrew Didham as Director For For

11 Elect Hugh Grootenhuis as Director For For

12 Elect Marcia Campbell as Director For For