Kinder Morgan, INC.

• CI ClearBridge Investments Appreciation ESG Strategy ↗ ClearBridge Appreciation ESG Strategy adopted a more cautious stance as conflict-driven energy and chip-input pressures, softer labor demand and inflation complicate the Federal Reserve’s options. The strategy initiated Roblox, exited Amphenol and McCormick, and is concentrating AI exposure in companies with resilient balance sheets and durable cash flow. First Quarter 2026 AMZN $2.9TASML $575BELPC $8.1B +7

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