ESG Policy

Morningstar Investment Management Australia Limited (“MIM Australia”) is part of
Morningstar Investment Management (“MIM”), a global multi asset business that is
committed to delivering great performance outcomes for investors by taking a long-term and
value-oriented investment approach. As we consider the future from a long-term perspective,
it is clear that environmental, social and governance (ESG) issues are playing an increasingly
important role in the behavior of consumers, regulators and investors. This, in turn, has an
impact on asset prices, prospective returns and risk. It is essential that we, as value-oriented
investors, consider ESG issues when making long-term investment decisions. It is intended that this policy will be reviewed and updated biennially to reflect relevant changes as markets
and regulations evolve.