The Portfolio seeks to provide capital growth over the longer term. The Portfolio will mostly hold shares or similar instruments relating to Japanese companies. Such companies are either based in or earn most of their  profits or revenues from Japan. The Portfolio may also invest in companies which are based anywhere in the world. The Portfolio will typically invest in 60-120 companies.  The Portfolio will not invest more than 33% of its assets in bonds issued by corporate or government entities, convertibles (securities that can be converted into other types of securities), money market instruments and non-share related instruments.  The Portfolio may use derivative instruments for efficient portfolio management purposes, to help manage risks and for investment purposes in order to seek to increase return. A derivative instrument is a contract between two or more parties whose value depends on the rise and fall of other underlying assets. Shares in the Portfolio may be redeemed daily (on each business day) on demand. 
The Portfolio is actively managed and references the TOPIX (Total Return Net) (the “Benchmark”) for the purposes of setting discretionary internal risk thresholds which may reference deviations from the Benchmark. The Investment Adviser has full discretion over the composition of the assets in the Portfolio. While the Portfolio will generally hold assets that are components of the Benchmark, it can invest in such components in different proportions, and it can hold assets which are not components of the Benchmark. Therefore returns may deviate materially from the performance of the specified reference Benchmark. The Portfolio promotes environmental and/or social characteristics, however, does not commit to making any sustainable investments. As part of its investment process, the Investment Adviser will implement a multi-strategy approach to ESG which may consist of the application of exclusionary screens and the integration of ESG factors alongside traditional factors. Income is rolled up into the value of your investment.