Fisher Investments Institutional Global Developed Concentrated Equity ESG Fund USD Class

Investment Objective The investment objective of this actively managed Fund is to outperform the MSCI World 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 material. Investment Policy The Fund invests: Primarily in equities and equity-related securities of 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 companies established in countries not represented within the Benchmark. Up to 10% of its total assets in unlisted equities. The Fund utilizes a 'concentrated strategy', which means it may have fewer holdings than other sub-funds of Fisher Investments Institutional Funds plc (the "Company"). As a result, the changes in value of a single security may be more impactful to the Fund, either positive or negative, than other more diversified sub-funds of the Company. While the Fund will invest primarily in equities and equity-related securities, as referred to above, 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, 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. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 3 to 5 years. For full investment objectives and policy details, please refer to the Prospectus and Supplement. Income Income from the Fund's investments will not be paid out in dividends (except for the distributing AUD Class Shares, which will distribute income in accordance with the distributing policy set out in the Supplement). You may sell your shares on any bank business day in Dublin, Ireland.