Fisher Investments Institutional US Small and Mid-Cap Core Equity Fund Sterling Class Shares (unhedged)/  IE00BD9BST97  /

The investment objective of this actively managed Fund is to outperform the Russell 2500 Index (the "Benchmark"). There is no guarantee that 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 significant. The Fund invests: Primarily in equities and equity-related securities of issuers that are in the United States. Up to 10% of its total assets in unlisted equities. The Fund may, 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 cash, cash equivalents and 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 may use investment techniques (known as derivatives), but only to reduce or protect against risk, reduce costs, and generate income or capital with appropriate risk. Furthermore, the Fund may use these techniques if controlled by the Fund's risk management process.

The investment objective of this actively managed Fund is to outperform the Russell 2500 Index (the "Benchmark"). There is no guarantee that 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 significant.