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Fisher Investments Luxembourg Strategy Disclosures

Fisher Investments Luxembourg makes available to its private clients certain strategies that promote an environmental or social characteristic. Further information about these strategies can be found below.

Sustainability-related Disclosures: Global Sustainable Equity Impact ESG

Translations: Please click here to view translated summaries of the sustainability-related disclosures.

Periodic Reporting and Taxonomy Disclosures

Below is a description of the extent to which environmental and social characteristics were met in the Strategy during the period from, and including, 1 January 2021 to, and including, 31 December 2021 (the “Reference Period”):

  • Fisher Investments considered ESG factors throughout the investment and portfolio construction process. ESG factors were among the many drivers considered by Fisher Investments when developing country, sector and thematic preferences. Environmental regulation, social policy, economic and market reforms, labour, and human rights are among ESG factors considered when determining country and sector/ industry allocations and shaping an initial prospect list of Strategy positions.
  • Fisher Investments performed fundamental research on prospective investments to identify securities with strategic attributes consistent with Fisher Investments’ top-down views and with competitive advantages relative to their defined peer group. The fundamental research process involves reviewing and evaluating a range of ESG factors prior to purchasing a security, seeking to identify securities benefitting from ESG trends and avoid those with underappreciated risks.
  • Fisher Investments narrowed the security selection universe by applying comprehensive and robust ESG screens ensuring that no company with the following characteristics were included in the Strategy. More specifically, screens applied to the Strategy over the Reference Period included, but were not limited to, screens meant to exclude securities issued by:
    • Companies with:
      • 5% or greater revenue from tobacco
      • 5% or greater revenue from gambling
      • 5% or greater revenue from alcohol
      • 5% or greater revenue from adult entertainment
      • 5% or greater revenue from genetically modified organisms
      • 5% or greater revenue from civilian firearms
      • 5% or greater revenue from conventional weapons
      • 30% or greater revenue from thermal coal production
      • 30% or greater power production from thermal coal
    • Companies with:
      • Any ties to cluster munitions
      • Any ties to landmines
      • Any ties to depleted uranium weapons production
      • Any revenue from nuclear weapons
      • Any revenue from bio-chemical weapons
    • Companies that:
      • Fail compliance with the U.N. Global Compact principles
      • Conduct animal testing for non-pharmaceutical purposes without meeting certain animal testing norms
      • Violate the International Labour Organization’s fundamental principles
      • Are embroiled in very severe environmental, social, governance or child labor controversies

During the Reference Period, the Strategy may have included investments in sustainable economic activities, however presently we have not set a minimum proportion of the Strategy that must include investments that contribute to environmentally sustainable economic activities in accordance with the EU Regulation on the Establishment of a Framework to Facilitate Sustainable Investment (Regulation EU/2020/852) (the “Taxonomy Regulation”). An investment included in the Strategy 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.

Therefore, for the purpose of the Taxonomy Regulation, it should be noted that during the Reference Period, the Strategy may not have included investments that take into account the EU criteria for environmentally sustainable economic activities and the “do no significant harm” principle applies only to those investments included in the Strategy that take into account the EU criteria for environmentally sustainable economic activities.

Sustainability-related Disclosures: Euro Fixed Income ETF ESG

Translations: Please click here to view translated summaries of the sustainability-related disclosures.

Periodic Reporting and Taxonomy Disclosures

Below is a description of the extent to which environmental and social characteristics were met in the Strategy during the period from, and including, 1 January 2021 to, and including, 31 December 2021 (the “Reference Period”). The below description describes what the Strategy did during the Reference Period with respect to individual securities included in the Strategy. To the extent a portfolio that implements the Strategy utilizes Funds instead of individual securities, while the first two bulleted paragraphs below apply, the third bulleted paragraph below regarding ESG screens does not apply. Instead, Fisher Investments relied on the applicable Fund’s provider and such Fund’s ESG characteristics for further promoting environmental and social characteristics in the Strategy.

  • Fisher Investments considered ESG factors throughout the investment and portfolio construction process. ESG factors were among the many drivers considered by Fisher Investments when developing country, sector and thematic preferences. Environmental regulation, social policy, economic and market reforms, labour, and human rights are among the ESG factors considered when determining country and sector/industry allocations and shaping an initial prospect list of Strategy positions.
  • Fisher Investments performed fundamental research on prospective investments to identify securities with strategic attributes consistent with Fisher Investments’ top-down views and with competitive advantages relative to their defined peer group. The fundamental research process involves reviewing and evaluating a range of ESG factors prior to purchasing a security, seeking to identify securities benefitting from ESG trends and avoid those with underappreciated risks.
  • Fisher Investments narrowed the security selection universe by applying comprehensive and robust ESG screens ensuring that no company with the following characteristics were included in the Strategy. More specifically, screens applied to the Strategy over the Reference Period included, but were not limited to, screens meant to exclude securities issued by:
    • Companies with:
      • 5% or greater revenue from tobacco
      • 5% or greater revenue from gambling
      • 5% or greater revenue from alcohol
      • 5% or greater revenue from adult entertainment
      • 5% or greater revenue from genetically modified organisms
      • 5% or greater revenue from civilian firearms
      • 5% or greater revenue from conventional weapons
      • 30% or greater revenue from thermal coal production
      • 30% or greater power production from thermal coal
    • Companies with:
      • Any ties to cluster munitions
      • Any ties to landmines
      • Any ties to depleted uranium weapons production
      • Any revenue from nuclear weapons
      • Any revenue from bio-chemical weapons
    • Companies that:
      • Fail compliance with the U.N. Global Compact principles
      • Conduct animal testing for non-pharmaceutical purposes without meeting certain animal testing norms
      • Violate the International Labour Organization’s fundamental principles
      • Are embroiled in very severe environmental, social, governance or child labor controversies

During the Reference Period, the Strategy may have included investments in sustainable economic activities, however presently we have not set a minimum proportion of the Strategy that must include investments that contribute to environmentally sustainable economic activities in accordance with the EU Regulation on the Establishment of a Framework to Facilitate Sustainable Investment (Regulation EU/2020/852) (the “Taxonomy Regulation”). An investment included in the Strategy 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.

Therefore, for the purpose of the Taxonomy Regulation, it should be noted that during the Reference Period, the Strategy may not have included investments that take into account the EU criteria for environmentally sustainable economic activities and the “do no significant harm” principle applies only to those investments included in the Strategy that take into account the EU criteria for environmentally sustainable economic activities.

Sustainability-related Disclosures: Global Total Return ESG

Translations: Please click here to view translated summaries of the sustainability-related disclosures.

Periodic Reporting and Taxonomy Disclosures

Below is a description of the extent to which environmental and social characteristics were met in the Strategy during the period from, and including, 1 January 2021 to, and including, 31 December 2021 (the “Reference Period”):

  • Fisher Investments considered ESG factors throughout the investment and portfolio construction process. ESG factors were among the many drivers considered by Fisher Investments when developing country, sector and thematic preferences. Environmental regulation, social policy, economic and market reforms, labour, and human rights are among ESG factors considered when determining country and sector/ industry allocations and shaping an initial prospect list of Strategy positions.
  • Fisher Investments performed fundamental research on prospective investments to identify securities with strategic attributes consistent with Fisher Investments’ top-down views and with competitive advantages relative to their defined peer group. The fundamental research process involves reviewing and evaluating a range of ESG factors prior to purchasing a security, seeking to identify securities benefitting from ESG trends and avoid those with underappreciated risks.
  • Fisher Investments narrowed the security selection universe by applying comprehensive and robust ESG screens ensuring that no company with the following characteristics were included in the Strategy. More specifically, screens applied to the Strategy over the Reference Period included, but were not limited to, screens meant to exclude securities issued by:
    • Companies with:
      • 5% or greater revenue from tobacco
      • 5% or greater revenue from gambling
      • 5% or greater revenue from alcohol
      • 5% or greater revenue from adult entertainment
      • 5% or greater revenue from genetically modified organisms
      • 5% or greater revenue from civilian firearms
      • 5% or greater revenue from conventional weapons
      • 30% or greater revenue from thermal coal production
      • 30% or greater power production from thermal coal
    • Companies with:
      • Any ties to cluster munitions
      • Any ties to landmines
      • Any ties to depleted uranium weapons production
      • Any revenue from nuclear weapons
      • Any revenue from bio-chemical weapons
    • Companies that:
      • Fail compliance with the U.N. Global Compact principles
      • Conduct animal testing for non-pharmaceutical purposes without meeting certain animal testing norms
      • Violate the International Labour Organization’s fundamental principles
      • Are embroiled in very severe environmental, social, governance or child labor controversies

During the Reference Period, the Strategy may have included investments in sustainable economic activities, however presently we have not set a minimum proportion of the Strategy that must include investments that contribute to environmentally sustainable economic activities in accordance with the EU Regulation on the Establishment of a Framework to Facilitate Sustainable Investment (Regulation EU/2020/852) (the “Taxonomy Regulation”). An investment included in the Strategy 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.

Therefore, for the purpose of the Taxonomy Regulation, it should be noted that during the Reference Period, the Strategy may not have included investments that take into account the EU criteria for environmentally sustainable economic activities and the “do no significant harm” principle applies only to those investments included in the Strategy that take into account the EU criteria for environmentally sustainable economic activities.

Sustainability-related Disclosures: Global Total Return SRI

Translations: Please click here to view translated summaries of the sustainability-related disclosures.

Periodic Reporting and Taxonomy Disclosures

Below is a description of the extent to which environmental and social characteristics were met in the Strategy during the period from, and including, 1 January 2021 to, and including, 31 December 2021 (the “Reference Period”):

  • Fisher Investments considered ESG factors throughout the investment and portfolio construction process. ESG factors were among the many drivers considered by Fisher Investments when developing country, sector and thematic preferences. Environmental regulation, social policy, economic and market reforms, labour, and human rights are among ESG factors considered when determining country and sector/ industry allocations and shaping an initial prospect list of Strategy positions.
  • Fisher Investments performed fundamental research on prospective investments to identify securities with strategic attributes consistent with Fisher Investments’ top-down views and with competitive advantages relative to their defined peer group. The fundamental research process involves reviewing and evaluating a range of ESG factors prior to purchasing a security, seeking to identify securities benefitting from ESG trends and avoid those with underappreciated risks.
  • Fisher Investments narrowed the security selection universe by applying SRI/ESG screens ensuring that no company with the following characteristics were included in the Strategy. More specifically, screens applied to the Strategy over the Reference Period included, but were not limited to, screens meant to exclude securities issued by:
    • Companies with:
      • 5% or greater revenue from tobacco
      • 5% or greater revenue from gambling
      • 5% or greater revenue from alcohol
      • 5% or greater revenue from adult entertainment
      • Any ties to embryonic stem cells
      • 5% or greater revenue from civilian firearms
      • 5% or greater revenue from conventional weapons
    • Companies with:
      • Any ties to cluster munitions
      • Any ties to landmines
      • 5% or greater revenue from nuclear weapons
      • 5% or greater revenue from bio-chemical weapons

During the Reference Period, the Strategy may have included investments in sustainable economic activities, however presently we have not set a minimum proportion of the Strategy that must include investments that contribute to environmentally sustainable economic activities in accordance with the EU Regulation on the Establishment of a Framework to Facilitate Sustainable Investment (Regulation EU/2020/852) (the “Taxonomy Regulation”). An investment included in the Strategy 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.

Therefore, for the purpose of the Taxonomy Regulation, it should be noted that during the Reference Period, the Strategy may not have included investments that take into account the EU criteria for environmentally sustainable economic activities and the “do no significant harm” principle applies only to those investments included in the Strategy that take into account the EU criteria for environmentally sustainable economic activities.

Sustainability-related Disclosures: Global Total Return ESG ETF

Translations: Please click here to view translated summaries of the sustainability-related disclosures.

Periodic Reporting and Taxonomy Disclosures

Below is a description of the extent to which environmental and social characteristics were met in the Strategy during the period from, and including, 1 January 2021 to, and including, 31 December 2021 (the “Reference Period”):

  • Fisher Investments considered ESG factors throughout the investment and portfolio construction process. ESG factors were among the many drivers considered by Fisher Investments when developing country, sector and thematic preferences. Environmental regulation, social policy, economic and market reforms, labour, and human rights are among ESG factors considered when determining country and sector/ industry allocations and shaping an initial prospect list of Strategy positions.
  • Fisher Investments performed fundamental research on prospective investments to identify securities with strategic attributes consistent with Fisher Investments’ top-down views and with competitive advantages relative to their defined peer group. The fundamental research process involves reviewing and evaluating a range of ESG factors prior to purchasing a security, seeking to identify securities benefitting from ESG trends and avoid those with underappreciated risks.
  • Fisher Investments narrowed the security selection universe by applying SRI/ESG screens ensuring that no company with the following characteristics were included in the Strategy. More specifically, screens applied to the Strategy over the Reference Period included, but were not limited to, screens meant to exclude securities issued by:
    • Companies with:
      • 5% or greater revenue from tobacco
      • 5% or greater revenue from gambling
      • 5% or greater revenue from alcohol
      • 5% or greater revenue from adult entertainment
      • Any ties to embryonic stem cells
      • 5% or greater revenue from civilian firearms
      • 5% or greater revenue from conventional weapons
    • Companies with:
      • Any ties to cluster munitions
      • Any ties to landmines
      • 5% or greater revenue from nuclear weapons
      • 5% or greater revenue from bio-chemical weapons

During the Reference Period, the Strategy may have included investments in sustainable economic activities, however presently we have not set a minimum proportion of the Strategy that must include investments that contribute to environmentally sustainable economic activities in accordance with the EU Regulation on the Establishment of a Framework to Facilitate Sustainable Investment (Regulation EU/2020/852) (the “Taxonomy Regulation”). An investment included in the Strategy 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.

Therefore, for the purpose of the Taxonomy Regulation, it should be noted that during the Reference Period, the Strategy may not have included investments that take into account the EU criteria for environmentally sustainable economic activities and the “do no significant harm” principle applies only to those investments included in the Strategy that take into account the EU criteria for environmentally sustainable economic activities.