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.

Environmental and/or Social Characteristics of the All World ESG Strategy

The investment objective of the All World ESG strategy (the “Strategy”) is to outperform the MSCI All Countries World Index (the “Benchmark”) by investing primarily in global market securities. The Strategy seeks to achieve its investment objective through a top-down investment process based on applying capital markets technology to the analysis of a wide range of economic, political and sentiment drivers to formulate forecasts and develop portfolio themes.

Because Fisher Investments Luxembourg, Sàrl (“Fisher Investments Luxembourg”) delegates its portfolio management services to its parent company, Fisher Asset Management, LLC, doing business as Fisher Investments (“Fisher Investments”), subject to Fisher Investments Luxembourg’s oversight, the Strategy is managed by Fisher Investments. Fisher Investments considers environmental, social and governance (“ESG”) factors throughout the investment and portfolio construction process. ESG factors are among the many drivers considered by Fisher Investments when developing country, sector and thematic (i.e. industry, size or style) preferences. The preferences represent the categories of stocks that Fisher Investments believes are most likely to outperform. Governmental influence on public companies, environmental regulation, social policy, market reforms impacting private property, labour, and human rights are among ESG factors considered when determining country and sector/industry allocations and shaping an initial prospect list of portfolio positions.

Fisher Investments performs fundamental research on prospective investments to identify securities with strategic attributes (i.e. competitive advantages) consistent with its top-down views and with competitive advantages relative to their defined peer group. Examples of strategic attributes include new product offerings and pipeline, market share, customer opportunities and concentration, geographic expansion opportunities, and the ability to innovate. The fundamental research process performed by Fisher Investments involves reviewing and evaluating a range of ESG factors prior to purchasing a security, seeking to identify securities benefitting from ESG trends (i.e. opportunities in the ESG space) and avoid those with underappreciated risks. These factors include, but are not limited to, shareholder concentration, corporate stewardship, environmental opportunities and liabilities, and human or labour rights controversies. Examples of ESG trends include, but are not limited to, industry shifts towards environmental or sustainability objectives, and changing investor preferences for companies with stronger or weaker ESG profiles.

Fisher Investments then seeks to narrow the security selection universe by applying comprehensive and robust ESG screens without compromising its broader market outlook and themes. The ESG screens are intended to prevent a portfolio from investing in companies with significant exposure to categories such as, but not limited to, tobacco, gambling, alcohol, thermal coal, adult entertainment, small arms, animal testing for non-pharmaceutical reasons and Genetically Modified Organisms (GMOs). In addition, the ESG screens exclude companies with any ties to cluster munitions or landmines, or that derive any revenue from nuclear or bio-chemical weapons. The ESG screens also are intended to prevent a portfolio from investing in companies that fail compliance with the U.N. Global Compact principles, companies with ties to child labour, and companies that violate the International Labour Organization’s fundamental principles.

Methodologies Used to Assess, Measure and Monitor the ESG Impact of the Sustainable Investments Selected

Assess

ESG factors of portfolio holdings are continuously monitored and issues are elevated to Fisher Investments’ Investment Policy Committee (“IPC”) when appropriate.

Fisher Investments’ Capital Markets Research Analysts monitor how ESG factors may affect high-level portfolio themes. Fisher Investments monitors key social policies driving wealth creation and economic growth, including, but not limited to, infrastructure investment, tax policy, free trade, property, human, and labour rights, and government reform.

Political factors affecting these social policies are integral to the top-down analysis, allowing Fisher Investments to be cognizant of the regulatory risk surrounding the ESG environment. Additionally, research analysts monitor thematic opportunities such as advancing energy efficiency (e.g., within Industrials and Technology companies) and thematic risks such as those related to nuclear power, resource extraction (e.g., labor strikes and resource nationalization) and litigation tied to environmental impact.

Fisher Investments’ Securities Analysts monitor existing holdings as part of the ongoing research process and elevate meaningful deterioration or improvements of various ESG factors at the company level. Each Fisher Investments Capital Markets and Securities Analyst has access to a suite of tools from MSCI ESG Research. These specialized tools assist in identifying opportunities, risks and controversies at the company level.

The MSCI ESG Research tools help screen out companies typically based on underlying business involvements. These mechanical screens eliminate securities generating revenue in specific areas that do not meet Fisher Investments’ ESG policy requirements (such as those related to labour, gambling, weapons, alcohol, tobacco, etc.) or those flagged by various controversies (child labour, UN Global Compact, countries of controversy, etc.).

Measure

Fisher Investments uses ESG data from external service providers, including, but not limited to:

  • MSCI ESG Ratings
  • MSCI Business Involvement Screening
  • MSCI Global Norms & Controversies
  • MSCI Sustainable Impact Metrics & Carbon Metrics
  • MSCI Sustainable Impact Metrics
  • Morningstar Sustainalytics Fund Globe Ratings
  • MSCI Barra Risk Metrics
  • Bloomberg
  • ISS
  • FactSet

Monitor

Fisher Investments’ responsible investment activities are integrated into several of Fisher Investments’ teams, including its ESG Research Specialists, the IPC’s ESG Point-Person, the ESG Program Manager, the Investor Responsibility and Engagement team, the Research team and the Client Guidelines and Assurance (CGA) team. Fisher Investments’ formal Responsible Investments Committee oversees Fisher Investments’ ESG activities and keeps abreast of ESG industry developments.

Fisher Investments’ IPC and Research Analysts review ESG risks and opportunities that may impact the Strategy, including identifying and prioritising principal adverse sustainability impacts. Fisher Investments’ ESG Research Specialists are responsible for staying on top of current and developing ESG trends and liaising with Fisher Investments’ ESG data providers to verify the accuracy and comprehensiveness of the data Fisher Investments uses in its decision-making. In addition, Fisher Investments’ ESG Research Specialists work with the broader Research and CGA teams to ensure mechanical screens are applied appropriately and to identify securities with potential ESG concerns using MSCI ESG Research tools.

Information about the Benchmark

Assessment of the Benchmark in the context of the Strategy’s environmental and/or social characteristics

The Benchmark used for Strategy is a mainstream index and does not take account of ESG factors and is therefore not consistent with the environmental and/or social characteristics promoted by the Strategy.

Information on where the methodology of the Benchmark may be obtained

Further details of the Benchmark (including information on its constituents, weightings, full calculation methodology, criteria for rebalancing, calculation process and leverage effect) can be navigated to from the following link: https://www.msci.com/index-methodology.

Environmental and/or Social Characteristics of the Fixed Income Government/Corporate ESG Strategy

The investment objective of the Fixed Income Government/Corporate ESG strategy (the “Strategy”) is to outperform the BofA/ML EMU Broad Market Index (the “Benchmark”) by investing primarily in European markets fixed income instruments. The Strategy seeks to achieve its investment objective through a top-down investment process based on applying capital markets technology to the analysis of a wide range of economic, political and sentiment drivers to formulate forecasts and develop portfolio themes.

Because Fisher Investments Luxembourg, Sàrl (“Fisher Investments Luxembourg”) delegates its portfolio management services to its parent company, Fisher Asset Management, LLC, doing business as Fisher Investments (“Fisher Investments”), subject to Fisher Investments Luxembourg’s oversight, the Strategy is managed by Fisher Investments. Fisher Investments utilizes a top-down fixed income investment process based on the application of proprietary research tools to the analysis of a wide range of economic, political and sentiment drivers to formulate forecasts and develop portfolio themes. Fisher Investments manages the Strategy on an ongoing, forward-looking basis, considering environmental, social, and governance (“ESG”) factors, assessing short- and long-term interest rates, credit spreads and corporate solvency in real time to forecast future trends.

For fixed income strategies, including this Strategy, Fisher Investments commonly selects pooled investment instruments (e.g., ETFs) with ESG characteristics (e.g., restrictions) that approximate those used by Fisher Investments in equity strategies utilized in a portfolio. Using pooled instruments means Fisher Investments relies on a third party ETF provider and its product’s ESG characteristics. While Fisher Investments attempts to select pooled investment instruments that have ESG characteristics that approximate those used by Fisher Investments in its equity strategies, such ESG characteristics may still be significantly different than the ESG characteristics employed by Fisher Investments. In cases where pooled investment instruments are not used in portfolios that implement an ESG fixed income strategy, like this Strategy, the selection of individual securities is described as follows.

Fisher Investments considers ESG factors throughout the investment and portfolio construction process. ESG factors are among the many drivers considered by Fisher Investments when developing country, sector and thematic preferences. Governmental influence on public companies, environmental regulation, social policy, market reforms impacting private property, labour, and human rights are among the ESG factors considered when determining country and sector/industry allocations and shaping an initial prospect list of portfolio positions. Fisher Investments performs fundamental research on prospective investments to identify securities with strategic attributes consistent with the firm’s 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 benefiting from ESG trends and avoid those with underappreciated risks. These factors include, but are not limited to, shareholder concentration, corporate stewardship, environmental opportunities and liabilities, and human or labour rights controversies.

Fisher Investments then seeks to narrow the security selection universe by applying comprehensive and robust ESG screens without compromising its broader market outlook and themes. Fisher Investments utilizes external third party ESG research and data, which may include human environmental, and labour rights and controversy data. Fisher Investments uses this information to create business involvement screens to exclude companies with ties to categories such as, but not limited to, cluster munitions or landmines, or those that derive any revenue from nuclear or bio-chemical weapons. Additionally, Fisher Investments screens companies with significant revenue (generally 5% or greater, though Fisher Investments may determine in its discretion what it believes is significant depending upon the factor and the company) from adult entertainment, alcohol, weapons or firearms, gambling, genetic engineering and tobacco.

Fisher Investments analyses the Benchmark’s components and assigns expected risk and return. Fisher Investments then optimizes the fixed income portfolio to its market outlook by adjusting characteristics such as bond type, yield to maturity, credit spreads, duration, credit quality, and time to maturity. There are many types of bonds, and all carry different performance and risk characteristics. Corporate, municipal, sovereign and agency bonds are the most common, and portfolio exposure to each category is dependent on the construction of the Benchmark and Fisher Investments’ market outlook. The Strategy may invest across a range of maturities, duration and quality, including issues with below investment grade ratings (i.e., junk bonds). Fisher Investments may use either individual bonds or fixed income ETFs to obtain the desired fixed income allocation and diversification.

Methodologies Used to Assess, Measure and Monitor the ESG Impact of the Sustainable Investments Selected

Assess

ESG factors of portfolio holdings are continuously monitored and issues are elevated to Fisher Investments’ Investment Policy Committee (“IPC”) when appropriate.

Fisher Investments’ Capital Markets and Fixed Income Research Analysts monitor how ESG factors may affect high-level portfolio themes. Fisher Investments monitors key social policies driving wealth creation and economic growth, including, but not limited to, infrastructure investment, tax policy, free trade, property, human, and labour rights, and government reform.

Political factors affecting these social policies are integral to the top-down analysis, allowing Fisher Investments to be cognizant of the regulatory risk surrounding the ESG environment. Additionally, research analysts monitor thematic opportunities such as advancing energy efficiency (e.g., within Industrials and Technology companies) and thematic risks such as those related to nuclear power, resource extraction (e.g., labor strikes and resource nationalization) and litigation tied to environmental impact.

Fisher Investments’ Securities and Fixed Income Analysts monitor existing holdings as part of the ongoing research process and elevate meaningful deterioration or improvements of various ESG factors at the company level. Each Fisher Investments Capital Markets and Securities Analyst has access to a suite of tools from MSCI ESG Research. These specialized tools assist in identifying opportunities, risks and controversies at the company level.

The MSCI ESG Research tools help screen out companies typically based on underlying business involvements. These mechanical screens eliminate securities generating revenue in specific areas that do not meet Fisher Investments’ ESG policy requirements (such as those related to labour, gambling, weapons, alcohol, tobacco, etc.) or those flagged by various controversies (child labour, UN Global Compact, countries of controversy, etc.).

Measure

Fisher Investments uses ESG data from external service providers, including, but not limited to:

  • MSCI ESG Ratings
  • MSCI Business Involvement Screening
  • MSCI Global Norms & Controversies
  • MSCI Sustainable Impact Metrics & Carbon Metrics
  • MSCI Sustainable Impact Metrics
  • Morningstar Sustainalytics Fund Globe Ratings
  • MSCI Barra Risk Metrics
  • Bloomberg
  • ISS
  • FactSet

Monitor

Fisher Investments’ responsible investment activities are integrated into several of Fisher Investments’ teams, including its Fixed Income analysts, the ESG Research Specialists, the IPC’s ESG Point-Person, the ESG Program Manager, the Investor Responsibility and Engagement team, the Research team and the Client Guidelines and Assurance (CGA) team. Fisher Investments’ formal Responsible Investments Committee oversees Fisher Investments’ ESG activities and keeps abreast of ESG industry developments.

Fisher Investments’ IPC, Fixed Income and Research Analysts review ESG risks and opportunities that may impact the Strategy, including identifying and prioritising principal adverse sustainability impacts. Fisher Investments’ ESG Research Specialists are responsible for staying on top of current and developing ESG trends and liaising with Fisher Investments’ ESG data providers to verify the accuracy and comprehensiveness of the data Fisher Investments uses in its decision-making. In addition, Fisher Investments’ ESG Research Specialists work with the broader Research and CGA teams to ensure mechanical screens are applied appropriately and to identify securities with potential ESG concerns using MSCI ESG Research tools.

Information about the Benchmark

Assessment of the Benchmark in the context of the Strategy’s environmental and/or social characteristics

The Benchmark used for Strategy is a mainstream index and does not take account of ESG factors and is therefore not consistent with the environmental and/or social characteristics promoted by the Strategy.

Information on where the methodology of the Benchmark may be obtained

Further details of the Benchmark (including information on its constituents, weightings, full calculation methodology, criteria for rebalancing, calculation process and leverage effect) can be navigated to from the following link: https://www.theice.com/market-data/indices/fixed-income-indices.

Environmental and/or Social Characteristics of the Global ESG Strategy

The investment objective of the Global ESG strategy (the “Strategy”) is to outperform the MSCI World Index (the “Benchmark”) by investing primarily in global (developed markets) securities. The Strategy seeks to achieve its investment objective through a top-down investment process based on applying capital markets technology to the analysis of a wide range of economic, political and sentiment drivers to formulate forecasts and develop portfolio themes.

Because Fisher Investments Luxembourg, Sàrl (“Fisher Investments Luxembourg”) delegates its portfolio management services to its parent company, Fisher Asset Management, LLC, doing business as Fisher Investments (“Fisher Investments”), subject to Fisher Investments Luxembourg’s oversight, the Strategy is managed by Fisher Investments. Fisher Investments considers environmental, social and governance (“ESG”) factors throughout the investment and portfolio construction process. ESG factors are among the many drivers considered by Fisher Investments when developing country, sector and thematic (i.e. industry, size or style) preferences. The preferences represent the categories of stocks that Fisher Investments believes are most likely to outperform. Governmental influence on public companies, environmental regulation, social policy, market reforms impacting private property, labour, and human rights are among ESG factors considered when determining country and sector/industry allocations and shaping an initial prospect list of portfolio positions.

Fisher Investments performs fundamental research on prospective investments to identify securities with strategic attributes (i.e. competitive advantages) consistent with its top-down views and with competitive advantages relative to their defined peer group. Examples of strategic attributes include new product offerings and pipeline, market share, customer opportunities and concentration, geographic expansion opportunities, and the ability to innovate. The fundamental research process performed by Fisher Investments involves reviewing and evaluating a range of ESG factors prior to purchasing a security, seeking to identify securities benefiting from ESG trends (i.e. opportunities in the ESG space) and avoid those with underappreciated risks. These factors include, but are not limited to, shareholder concentration, corporate stewardship, environmental opportunities and liabilities, and human or labour rights controversies. Examples of ESG trends include, but are not limited to, industry shifts towards environmental or sustainability objectives, and changing investor preferences for companies with stronger or weaker ESG profiles.

Fisher Investments then seeks to narrow the security selection universe by applying comprehensive and robust ESG screens without compromising its broader market outlook and themes. The ESG screens are intended to prevent a portfolio from investing in companies with significant exposure to categories such as, but not limited to, tobacco, gambling, alcohol, thermal coal, adult entertainment, small arms, animal testing for non-pharmaceutical reasons and Genetically Modified Organisms (GMOs). In addition, the ESG screens exclude companies with any ties to cluster munitions or landmines, or that derive any revenue from nuclear or bio-chemical weapons. The ESG screens also are intended to prevent a portfolio from investing in companies that fail compliance with the U.N. Global Compact principles, companies with ties to child labour, and companies that violate the International Labour Organization’s fundamental principles.

Methodologies Used to Assess, Measure and Monitor the ESG Impact of the Sustainable Investments Selected

Assess

ESG factors of portfolio holdings are continuously monitored and issues are elevated to Fisher Investments’ Investment Policy Committee (“IPC”) when appropriate.

Fisher Investments’ Capital Markets Research Analysts monitor how ESG factors may affect high-level portfolio themes. Fisher Investments monitors key social policies driving wealth creation and economic growth, including, but not limited to, infrastructure investment, tax policy, free trade, property, human, and labour rights, and government reform.

Political factors affecting these social policies are integral to the top-down analysis, allowing Fisher Investments to be cognizant of the regulatory risk surrounding the ESG environment. Additionally, research analysts monitor thematic opportunities such as advancing energy efficiency (e.g., within Industrials and Technology companies) and thematic risks such as those related to nuclear power, resource extraction (e.g., labor strikes and resource nationalization) and litigation tied to environmental impact.

Fisher Investments’ Securities Analysts monitor existing holdings as part of the ongoing research process and elevate meaningful deterioration or improvements of various ESG factors at the company level. Each Fisher Investments Capital Markets and Securities Analyst has access to a suite of tools from MSCI ESG Research. These specialized tools assist in identifying opportunities, risks and controversies at the company level.

The MSCI ESG Research tools help screen out companies typically based on underlying business involvements. These mechanical screens eliminate securities generating revenue in specific areas that do not meet Fisher Investments’ ESG policy requirements (such as those related to labour, gambling, weapons, alcohol, tobacco, etc.) or those flagged by various controversies (child labour, UN Global Compact, countries of controversy, etc.).

Measure

Fisher Investments uses ESG data from external service providers, including, but not limited to:

  • MSCI ESG Ratings
  • MSCI Business Involvement Screening
  • MSCI Global Norms & Controversies
  • MSCI Sustainable Impact Metrics & Carbon Metrics
  • MSCI Sustainable Impact Metrics
  • Morningstar Sustainalytics Fund Globe Ratings
  • MSCI Barra Risk Metrics
  • Bloomberg
  • ISS
  • FactSet

Monitor

Fisher Investments’ responsible investment activities are integrated into several of Fisher Investments’ teams, including its ESG Research Specialists, the IPC’s ESG Point-Person, the ESG Program Manager, the Investor Responsibility and Engagement team, the Research team and the Client Guidelines and Assurance (CGA) team. Fisher Investments’ formal Responsible Investments Committee oversees Fisher Investments’ ESG activities and keeps abreast of ESG industry developments.

Fisher Investments’ IPC and Research Analysts review ESG risks and opportunities that may impact the Strategy, including identifying and prioritising principal adverse sustainability impacts. Fisher Investments’ ESG Research Specialists are responsible for staying on top of current and developing ESG trends and liaising with Fisher Investments’ ESG data providers to verify the accuracy and comprehensiveness of the data Fisher Investments uses in its decision-making. In addition, Fisher Investments’ ESG Research Specialists work with the broader Research and CGA teams to ensure mechanical screens are applied appropriately and to identify securities with potential ESG concerns using MSCI ESG Research tools.

Information about the Benchmark

Assessment of the Benchmark in the context of the Strategy’s environmental and/or social characteristics

The Benchmark used for Strategy is a mainstream index and does not take account of ESG factors and is therefore not consistent with the environmental and/or social characteristics promoted by the Strategy.

Information on where the methodology of the Benchmark may be obtained

Further details of the Benchmark (including information on its constituents, weightings, full calculation methodology, criteria for rebalancing, calculation process and leverage effect) can be navigated to from the following link: https://www.msci.com/index-methodology.

Environmental and/or Social Characteristics of the Global SRI/VBI Strategy

The investment objective of the Global SRI/VBI strategy (the “Strategy”) is to outperform the MSCI World Index (the “Benchmark”) by investing primarily in global (developed markets) securities. The Strategy seeks to achieve its investment objective through a top-down investment process based on applying capital markets technology to the analysis of a wide range of economic, political and sentiment drivers to formulate forecasts and develop portfolio themes.

Because Fisher Investments Luxembourg, Sàrl (“Fisher Investments Luxembourg”) delegates its portfolio management services to its parent company, Fisher Asset Management, LLC, doing business as Fisher Investments (“Fisher Investments”), subject to Fisher Investments Luxembourg’s oversight, the Strategy is managed by Fisher Investments. Fisher Investments considers environmental, social and governance (“ESG”) factors throughout the investment and portfolio construction process. ESG factors are among the many drivers considered by Fisher Investments when developing country, sector and thematic (i.e. industry, size or style) preferences. The preferences represent the categories of stocks that Fisher Investments believes are most likely to outperform. Governmental influence on public companies, environmental regulation, social policy, market reforms impacting private property, labour, and human rights are among ESG factors considered when determining country and sector/industry allocations and shaping an initial prospect list of portfolio positions.

Fisher Investments performs fundamental research on prospective investments to identify securities with strategic attributes (i.e. competitive advantages) consistent with its top-down views and with competitive advantages relative to their defined peer group. Examples of strategic attributes include new product offerings and pipeline, market share, customer opportunities and concentration, geographic expansion opportunities, and the ability to innovate. The fundamental research process performed by Fisher Investments involves reviewing and evaluating a range of ESG factors prior to purchasing a security, seeking to identify securities benefitting from ESG trends (i.e. opportunities in the ESG space) and avoid those with underappreciated risks. These factors include, but are not limited to, shareholder concentration, corporate stewardship, environmental opportunities and liabilities, and human or labour rights controversies. Examples of ESG trends include, but are not limited to, industry shifts towards environmental or sustainability objectives, and changing investor preferences for companies with stronger or weaker ESG profiles.

Fisher Investments then seeks to narrow the security selection universe by applying comprehensive and robust ESG screens without compromising its broader market outlook and themes. The ESG screens are intended to prevent a portfolio from investing in companies with significant exposure to categories such as, but not limited to, tobacco, gambling, alcohol, thermal coal, adult entertainment, small arms, animal testing for non-pharmaceutical reasons and Genetically Modified Organisms (GMOs). In addition, the ESG screens exclude companies with any ties to cluster munitions or landmines, or that derive any revenue from nuclear or bio-chemical weapons. The ESG screens also are intended to prevent a portfolio from investing in companies that fail compliance with the U.N. Global Compact principles, companies with ties to child labour, and companies that violate the International Labour Organization’s fundamental principles.

Methodologies Used to Assess, Measure and Monitor the ESG Impact of the Sustainable Investments Selected

Assess

ESG factors of portfolio holdings are continuously monitored and issues are elevated to Fisher Investments’ Investment Policy Committee (“IPC”) when appropriate.

Fisher Investments’ Capital Markets Research Analysts monitor how ESG factors may affect high-level portfolio themes. Fisher Investments monitors key social policies driving wealth creation and economic growth, including, but not limited to, infrastructure investment, tax policy, free trade, property, human, and labour rights, and government reform.

Political factors affecting these social policies are integral to the top-down analysis, allowing Fisher Investments to be cognizant of the regulatory risk surrounding the ESG environment. Additionally, research analysts monitor thematic opportunities such as advancing energy efficiency (e.g., within Industrials and Technology companies) and thematic risks such as those related to nuclear power, resource extraction (e.g., labor strikes and resource nationalization) and litigation tied to environmental impact.

Fisher Investments’ Securities Analysts monitor existing holdings as part of the ongoing research process and elevate meaningful deterioration or improvements of various ESG factors at the company level. Each Fisher Investments Capital Markets and Securities Analyst has access to a suite of tools from MSCI ESG Research. These specialized tools assist in identifying opportunities, risks and controversies at the company level.

The MSCI ESG Research tools help screen out companies typically based on underlying business involvements. These mechanical screens eliminate securities generating revenue in specific areas that do not meet Fisher Investments’ ESG policy requirements (such as those related to labour, gambling, weapons, alcohol, tobacco, etc.) or those flagged by various controversies (child labour, UN Global Compact, countries of controversy, etc.).

Measure

Fisher Investments uses ESG data from external service providers, including, but not limited to:

  • MSCI ESG Ratings
  • MSCI Business Involvement Screening
  • MSCI Global Norms & Controversies
  • MSCI Sustainable Impact Metrics & Carbon Metrics
  • MSCI Sustainable Impact Metrics
  • Morningstar Sustainalytics Fund Globe Ratings
  • MSCI Barra Risk Metrics
  • Bloomberg
  • ISS
  • FactSet

Monitor

Fisher Investments’ responsible investment activities are integrated into several of Fisher Investments’ teams, including its ESG Research Specialists, the IPC’s ESG Point-Person, the ESG Program Manager, the Investor Responsibility and Engagement team, the Research team and the Client Guidelines and Assurance (CGA) team. Fisher Investments’ formal Responsible Investments Committee oversees Fisher Investments’ ESG activities and keeps abreast of ESG industry developments.

Fisher Investments’ IPC and Research Analysts review ESG risks and opportunities that may impact the Strategy, including identifying and prioritising principal adverse sustainability impacts. Fisher Investments’ ESG Research Specialists are responsible for staying on top of current and developing ESG trends and liaising with Fisher Investments’ ESG data providers to verify the accuracy and comprehensiveness of the data Fisher Investments uses in its decision-making. In addition, Fisher Investments’ ESG Research Specialists work with the broader Research and CGA teams to ensure mechanical screens are applied appropriately and to identify securities with potential ESG concerns using MSCI ESG Research tools.

Information about the Benchmark

Assessment of the Benchmark in the context of the Strategy’s environmental and/or social characteristics

The Benchmark used for Strategy is a mainstream index and does not take account of ESG factors and is therefore not consistent with the environmental and/or social characteristics promoted by the Strategy.

Information on where the methodology of the Benchmark may be obtained

Further details of the Benchmark (including information on its constituents, weightings, full calculation methodology, criteria for rebalancing, calculation process and leverage effect) can be navigated to from the following link: https://www.msci.com/index-methodology.