Fisher Investments Institutional Emerging Markets Equity Selection Fund - US-Dollar USD ACC Fonds

The investment objective of this actively managed Fund is to outperform the MSCI Emerging Markets Index (the 'Benchmark'). There is no guarantee the investment objective will be achieved. The Fund is actively managed by the Investment Manager, meaning that investment decisions are made on a fully discretionary basis. Accordingly, the portfolio holdings may deviate from the Benchmark. This deviation may be material. The Fund invests: Primarily in equities and equity-related securities of, or linked to, issuers that are included in the country indices represented within the Benchmark. Up to 20% of its total assets in equities and equity-related securities of, or linked to, issuers located in countries not represented within the Benchmark. Up to 10% of its total assets in unlisted equities. While the Fund will invest primarily in equities and equity-related securities in emerging markets, as referred to above, the Fund may for liquidity, hedging and/or cash management purposes, in circumstances of extreme volatility or if market factors require and if considered appropriate to the investment objective, invest on a short-term basis in listed equities and equity-related securities of, or linked to, issuers located in non-emerging market countries worldwide, cash, cash equivalents, money market instruments or government or corporate bonds. Investments in other funds will not be more than 10% of the Fund's total assets. The Fund promotes environmental and social characteristics. This includes, but is not limited to, the Investment Manager seeking to have at least 5% of the Fund's portfolio composed of sustainable investments, and the Investment Manager applying a comprehensive set of exclusionary screens to prevent the Fund from investing in companies that do not meet the Investment Manager's minimum environmental, social and governance criteria.