2019 Breckinridge Sustainability Report - Page 32



APPENDIX
SUSTAINABILITY DISCLOSURE TOPICS AND ACCOUNTING METRICS
Topic
Metric
2018 Performance
Business Ethics
Description of whistleblower policies
and procedures
(Continued from page 28)
All reports are treated confidentially
to the extent permitted by law and
investigated promptly. Breckinridge
will use best efforts in keeping the
employee’s identification confidential
and will only disclose the identity
when necessary. While we encourage
employees to report violations to the
firm, they have an option to report
violations to the Securities and
Exchange Commission’s Office of the
Whistleblower.
Systemic Risk Management
Percentage of open-end fund assets
under management by category of
liquidity classification
Zero
Description of approach to
incorporation of liquidity risk
management programs into portfolio
strategy and redemption risk
management
Breckinridge is an investment
grade fixed income manager and
invests in historically liquid sectors.
Our Investment Committee closely
monitors and assesses bond market
liquidity. On a broad scale, our
investment team regularly converses
on issuer-specific liquidity for credits
held, as well as for new credits coming
to market. We closely manage liquidity
risks in all portfolios and limit issuer
exposure to ensure diversification. If
a broad market liquidity event occurs,
our Investment Committee may adjust
sector weightings or limit trading
activity.
Total exposure to securities financing
transactions
Zero
Net exposure to written credit
derivatives
Zero
29

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