Fisher Investments Performance Data

The Research Department uses extensive technology to monitor Fisher Investments performance data across portfolios. Fisher Investments performance data is monitored on a daily, weekly, monthly and quarterly basis. Individual positions are monitored and analyzed on an exception-reporting basis. Performance attribution is also conducted on performance data. Broad security return assessments and portfolio impacts are reviewed daily. On a weekly basis, model and representative portfolios are run through a thorough comparison to the appropriate benchmarks. The resulting performance data is analyzed to identify which countries, sectors, securities, and currencies provided the greatest benefit and detriment on a relative basis.

Fisher Investments performance data is also monitored on a sub-asset allocation level. We regularly analyze sub-asset allocations to identify performance deviations among individual holdings, which may affect overall country and sector weights. Fisher Investments performance data analysis also includes regular operating performance reviews of companies we hold interest.

The IPC is alerted of any material changes in Fisher Investments' performance data. Close supervision ensures individual securities work toward stated goals consistent with the broader portfolio themes. Our vigilant attention and analysis of performance data helps to quickly identify areas that may expose the portfolio to undue benchmark risk or unintended consequences.