4D Emerging Markets Infrastructure Fund

Responsible Investing Approach

4D Infrastructure (Investment Manager) defines responsible investment as the consideration and promotion of environmental, social and governance (ESG) factors (including labour standards, environmental, social or ethical considerations) in the decision making and active ownership of investments. Bennelong Funds Management (Responsible Entity) and the Investment Manager may take ESG factors into account in the selection, retention or realisation of investments in the Fund, but the extent to which any one of these factors is considered for any particular investment decision will vary at the discretion of the Investment Manager, and in certain circumstances, may not be included in the consideration of any particular investment decision. The Investment Manager believes that consideration of the influence of ESG factors on the risk, return and longevity of investments provides a more thorough due diligence process and better risk-adjusted returns for investors.