King Street recognizes that environmental, social and governance (ESG) issues are of critical importance and, as part of our approach, we became a signatory to the United Nations Principles for Responsible Investment in 2020. Additionally, King Street has been a member of the Managed Funds Association (“MFA”) since 2007, and joined MFA’s Founders Council in 2011. Where relevant, King Street seeks to incorporate ESG factors alongside its traditional bottom-up approach to investment analysis. Our work in ESG extends beyond our portfolio to include our Diversity Committee, Women’s Networking Group, recruiting and employee development initiatives, and various community service-related activities. Our ESG Committee supports ESG integration into our investment process, helps establish firm ESG policies, processes, training and programs and develops firmwide social responsibility initiatives.