Fisher Investments (FI) is an investment adviser registered with the US Securities and Exchange Commission (SEC). As of December 31, 2017, FI and its subsidiaries managed over $95 billion. All assets as of December 31, 2017 in this report are preliminary and subject to final reconciliation of accounts. FI and its subsidiaries consist of four business units – Fisher Investments Institutional Group, Fisher Investments US Private Client Group, Fisher Investments International Private Client Group, and Fisher Investments 401(k) Solutions Group. The Investment Policy Committee (IPC) is responsible for all investment decisions for the firm’s strategies.