At Jennison we value the rights and privileges that come with the ownership of an equity share in a company. Among them is the ability to vote on certain company matters. We vote all eligible proxies in a manner that we believe best supports the investment interests of our clients over the long term.

We engage in a careful evaluation of issues and make informed decisions based on deep due diligence. Our votes are based on the firm’s guideline recommendations, which are created and maintained in partnership with our investment teams and reputable third party proxy voting service providers. Furthermore, our investment professionals collaborate with and consider voting recommendations from Jennison’s Sustainability team on resolutions subject to material ESG issues. When proxy voting authority has been delegated to us by our clients, our investment professionals serve as decision-makers and they vote according to the merits of each proposal.

Proxy Voting Record

For the 12 months ended March 31, 2025 we voted on 9,066 proposals of which 8,647 were initiated by management and 419 by shareholders. Among the management proposals, we supported management 93.7% of the time.

We most often opposed management proposals related to compensation and board related issues.