Magellan Core ESG Fund

Responsible Investing Approach

The Fund's primary investment objective is to achieve attractive risk-adjusted returns over the medium to long term through investment in a diversified portfolio of high-quality companies. This objective incorporates the consideration of ESG factors and the application of Magellan's low carbon framework. ESG factors include: - environmental factors, such as climate change and waste disposal, reuse and recycling of materials and other issues that can impact the environment; - social and ethical factors, such as human rights and adherence to labour standards including supply chain labour standards and standards relating to workers' rights, health and safety and labour relations; and - corporate governance factors, such as board structure and remuneration.