Sustainability-Related Disclosures

The Investment Manager currently makes available ESG Orientated Funds, which promote one or more environmental and/or social characteristics, and a Sustainable Investment Fund, which has a sustainable investment objective. Further information about the ESG Orientated Funds and the Sustainable Investment Fund can be found in the sustainability-related disclosures linked below. The sustainability-related disclosures shall be reviewed annually and a clear explanation for any amendments made to such disclosures shall be published at the end of such disclosures.

Article 8 - ESG Orientated Funds

Emerging Markets Concentrated Equity ESG

Emerging Markets Equity ESG

Emerging Markets Responsible Equity ex Fossil Fuels

Global Developed Equity ESG

Global Small Cap Equity ESG

Quantitative Global Equity ESG

US Small Cap Core Equity ESG

US All Cap Equity ESG

US Equity ESG

Translations: Please click here to view translated summaries for each of these sustainability-related disclosures.

Article 9 - Sustainable Investment Funds

Global Sustainable Equity Impact ESG

For further information on the Investment Manager's approach to ESG, please visit this website: https://www.fisherinvestments.com/en-us/institutional-investing/responsible-investing. A copy of the Investment Manager’s ESG Policy Statement can be found here:

ESG Policy Statement

The Company’s Annual Report and Audited Financial Statements (found on this webpage) includes a description of the extent to which environmental or social characteristics were met in the ESG Orientated Funds and the overall sustainability-related impact of the Sustainable Investment Fund for the time period covered in such report.

The EU’s Regulation on the Establishment of a Framework to Facilitate Sustainable Investment (Regulation EU/2020/852) (the “Taxonomy Regulation”) establishes a framework to facilitate sustainable investment and sets out harmonised criteria for determining whether an economic activity qualifies as environmentally sustainable. An investment would be considered as environmentally sustainable where its economic activity (i) contributes significantly to one or more of the environmental objectives included in the Taxonomy Regulation (which includes (a) climate change mitigation, (b) climate change adaptation, (c) the sustainable use and protection of water and marine resources, (d) the transition to a circular economy, (e) pollution prevention and control and (f) the protection and restoration of biodiversity and ecosystems), (ii) does not significantly harm any of the environmental objectives included in the Taxonomy Regulation, (iii) is carried out in compliance with minimum safeguards (as prescribed in the Taxonomy Regulation) and (iv) complies with technical screening criteria established by the European Commission. The Taxonomy Regulation requires the Company to provide transparency on how the ESG Orientated Funds and the Sustainable Investment Fund contribute to environmentally sustainable economic activities.

The Taxonomy Regulation disclosures for the ESG Orientated Funds and the Sustainable Investment Fund can be found in their respective pre-contractual annexes attached to their Supplements. The investments included in the Mainstream Funds do not take into account the EU criteria for environmentally sustainable economic activities.

Should any changes be made to this disclosure in the future, a clear explanation of such changes will be published here.

Implemented Changes

In January 2022, this disclosure was updated to:

  • reflect the postponement of the RTS effective date to January 2023;
  • address SFDR and Taxonomy Regulation periodic reporting; and
  • include the disclosures required by the Taxonomy Regulation.

In December 2022, this disclosure was updated to:

  • update the sustainability-related disclosures for the ESG Orientated Funds and the Sustainable Investment Fund to implement the requirements prescribed in the RTS;
  • update the Investment Manager’s ESG Policy Statement; and
  • remove the principal adverse impact statement that was originally posted to comply with SFDR on a high level, principles basis.

For further information on the Investment Manager's approach to ESG, please visit this website: https://www.fisherinvestments.com/en-us/institutional-investing/responsible-investing.