PrivilEdge - Alpha Japan, (JPY), NA/  LU2191964316  /

The Sub-Fund is actively managed in reference to a benchmark. The Topix TR (the "Benchmark") is used to define the initial investment universe for individual security selection, for performance comparison as well as for internal risk monitoring purposes, without implying any particular constraints to the Sub-Fund's investments. The Sub-Fund's securities will generally be similar to those of the Benchmark but the security weightings are expected to differ materially. The Investment Manager may also select securities not included in the Benchmark in order to take advantage of investment opportunities. It mainly invests in equity securities issued by companies incorporated or exercising a prominent part of their business activity in Japan. In selecting the individual stocks, the Investment Manager is guided by its own fundamental analysis of companies. The Sub-Fund is actively managed and targets mispriced companies showing strong fundamentals and a bright future not recognized by the market. The use of derivatives is part of the investment strategy.

The Sub-Fund is actively managed in reference to a benchmark. The Topix TR (the "Benchmark") is used to define the initial investment universe for individual security selection, for performance comparison as well as for internal risk monitoring purposes, without implying any particular constraints to the Sub-Fund's investments.