Wisdom of

Japan Fund Class F

Fund Investment Objectives

The investment objective is to generate risk-adjusted absolute returns from individual positions in Japanese listed equity securities (including securities which are the subject of an initial public offering) while maintaining a portfolio that is, or come close to being, beta-neutral. Wisdom of Japan Fund is a market neutral Japanese equity long/short fund seeking to generate returns from individual stock performance in a sector- and beta-neutral portfolio. Investment universe is divided into Covered and Non-Covered by analysts. The Covered stocks are analyzed with a combination of pure-quant and quantified results of fundamental analysis conducted by the most accurate sell-side analysts, selected by the fund manager based on analysis of past performance. The Non-Covered stocks are analyzed with pure quant model - based on growth, value and technical factors. The fund's actual inception date is March 2, 2009.