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Kentucky

Kentucky has two main public pension funds, KRS and KTRS:

The KRS board represents all eligible state and local employees covered by the Kentucky Employees Retirement System (KERS) and the State Police Retirement System (SPRS); the board consists of 9 members: 6 trustees appointed by the governor, and 3 elected by KERS and SPRS members and retired members – 2 to represent KERS and 1 to represent SPRS. All elected trustees must be members of or retired from either KERS or SPRS. Of the 6 appointed trustees, 3 must have investment experience and 3 must have retirement experience, as defined by statute. All appointments by the Governor are subject to Senate confirmation.
The KTRS board represents public teachers and consists of 11 members: 2 Ex Officio (the Education Commissioner and the State Treasurer), 2 appointed by the Governor, and 7 elected by TRS members. Kentucky law requires that 4 trustees be active members, 1 trustee be a retired member and 2 trustees be from outside the teaching profession.

Averages

Pro-ESG

Anti-ESG

State Rank

45th

State Rank

16th

Asset Manager Average

48%

Asset Manager Average

6%

By Asset Manager

American Century Investment Management

Percentage of times Mgr. voted “for” pro-ESG proposals:

78%

BlackRock

Percentage of times Mgr. voted “for” pro-ESG proposals:

46%

Blackstone

Percentage of times Mgr. voted “for” pro-ESG proposals:

46%

Columbia Capital

Percentage of times Mgr. voted “for” pro-ESG proposals:

48%

Franklin Templeton

Percentage of times Mgr. voted “for” pro-ESG proposals:

51%

JP Morgan Asset Management

Percentage of times Mgr. voted “for” pro-ESG proposals:

50%

Lazard Asset Management, LLC

Percentage of times Mgr. voted “for” pro-ESG proposals:

50%

Lord, Abbett & Company

Percentage of times Mgr. voted “for” pro-ESG proposals:

50%

LSV Asset Management

Percentage of times Mgr. voted “for” pro-ESG proposals:

50%

Nuveen Real Estate

Percentage of times Mgr. voted “for” pro-ESG proposals:

50%

Prudential Investments

Percentage of times Mgr. voted “for” pro-ESG proposals:

50%

Putnam

Percentage of times Mgr. voted “for” pro-ESG proposals:

48%

State Street Funds

Percentage of times Mgr. voted “for” pro-ESG proposals:

48%

State Street Global Advisors

Percentage of times Mgr. voted “for” pro-ESG proposals:

48%

Tortoise Capital

Percentage of times Mgr. voted “for” pro-ESG proposals:

48%

UBS

Percentage of times Mgr. voted “for” pro-ESG proposals:

48%

Westfield Capital Management

Percentage of times Mgr. voted “for” pro-ESG proposals:

48%

Pzena Investment Management, LLC

Percentage of times Mgr. voted “for” pro-ESG proposals:

48%

Baillie Gifford

Percentage of times Mgr. voted “for” pro-ESG proposals:

48%

Baird

Percentage of times Mgr. voted “for” pro-ESG proposals:

48%

Asset Manager Voting

Board Diversity:

33%

Require Environmental/Social Qualifications:

26%

Establish Environmental/Social Committee:

24%

Link Executive Pay to Social Goals:

25%

Climate Change:

43%

GHG Emissions:

47%

Climate Change Action:

27%

Report on Healthcare/Abortion:

30%

Weapons-Related Proposals:

11%

Social Proposal:

28%

Income Inequality:

23%

Political Activities and Action:

5%

Political Contributions and Lobbying:

40%

Political Lobbying Disclosure:

52%

Racial Equity Audit:

57%

Management Environmental Proposals:

83%

Anti-Social (Anti-ESG):

5%

Charitable Contributions:

8%

**The Retirement Systems of Alabama (RSA) has denied that State Street invests equities or casts proxy votes for the State. RSA has yet to publish its proxy voting records or disclose its investment managers. RSA’s public records list State Street a custodial bank and as a fund manager. No other investment managers are named in RSA public records, which is what is reported on the 1792 Exchange Proxy Database. RSA claims that Glass Lewis conducts its proxy voting. 1792 Exchange encourages RSA to publish these voting records in order that these records might be updated on this page. 1792 Exchange also encourages RSA to retain authority over proxy voting for ESG resolutions and not entrust these duties to Glass Lewis, a firm the Attorney General of Alabama has investigated for promoting ESG priorities at the expense of fiduciary responsibility.

Disclaimer: The information contained in this report, ‘Proxy Voting,’ is intended for educational purposes only and does not constitute financial or investment advice. Click here for the full disclaimer.

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