The Fund’s objective is to provide a combination of capital growth and income over a 5+ year time horizon. The Fund will aim to outperform (after the deduction of fees) the following Target Benchmark measured over a rolling 3 year time period: FTSE Japan Index TR. The Fund is actively managed and aims to achieve its objectives by investing at least 95% in shares (also known as “equities”). Of the Fund’s direct investments: at least 80% (and typically at least 90%) will be in shares in a wide range of companies listed, at the time of purchase, in Japan; and a maximum of 20% will be in shares in companies listed, at the time of purchase, outside of Japan. The Fund invests in developed markets only.