DSBI Japan Equity Small Cap Absolute Value P EUR Hedged

The subfund aims to maximise total return over the mediumtolong term by adopting distinctive valuebiased active investment style by looking to investment for opportunities in undervalued, small andmicrocap companies with sustainable growth potential. The subfund invests at least 75% of its net assets in Japanese stocks listed on the Japanese Stock Market. Individual securities level: No set limit but the weight will be up to circa 5%. There is no minimum weighting and shorting i s not allowed. Sector level: No set limit. The subfund can have its assets in money market instruments, however, the subfund is typically managed on a fully invested basis with circa 3% of the net asset of the subfund invested held in cash. Currency positions may be established to hedge foreign currency exposure in relation to the relevant share classes to minimise any fluctuations between the base currency and the currency of the appropriate subfund. Income shall remain in the subfund and shall increase the value of the shares. You may redeem your investment upon demand. This fund deals weekly on Tuesdays. Recommendation: The subfund is suitable for investors who see the subfund as a suitable means to participate in the capital market performance. The subfund is therefore suitable for investors who can afford to invest their capital over the long term; i.e. a multiple year time horizon.