The Fund is focused on identifying the governance issues in its investment holding companies that may have detrimental effects on their long-term financial interests. The risk assessment is based on factors such as: 1) poor reputation; 2) insufficient recognition of social, environmental, or ethical trends; 3) slow response to social changes and trends; 4) insufficient compliance with reporting standards; 5) a comparably weak board structure in terms of make-up, expertise, and independence.