UK Stewardship Code

Under Rule 2.2.3R of the Financial Conduct Authority's (“FCA”) Conduct of Business Sourcebook, Methodology Asset Management (UK) LLP, to the extent managing investments for a professional client (as defined by the FCA), is required to disclose the nature of its commitment to the UK Financial Reporting Council's Stewardship Code (the "Code") or, where it does not commit to the Code, explain it considered choice based on the Firm’s investment approach. The Code is a voluntary code and sets out principles relating to engagement by investors in UK-listed companies.

As Methodology Asset Management (UK) LLP pursues relative value and arbitrage strategies its exposure to UK listed issuers is very limited. Therefore, whilst generally supporting the objectives behind the code, the investment strategy makes the provisions of the code not highly material. Henceforth, Methodology Asset Management (UK) LLP has chosen not to commit to the code at the present but will review this choice, were the investment strategies to change.