SummaryUser Name YANKUN YAOPortfolio NKYStart Date(Earliest Available) 9/1/2015End Date 12/4/2015Currency JPYMethod Total Return

Attribution Summary (Grid)% Average Weight Contribution to Return (%) Total Return (%)

NKY 100.00 8.11 8.11Consumer Discretionary 23.54 1.49 6.11Industrials 20.86 2.48 12.23Information Technology 14.29 1.70 12.07Health Care 9.95 0.94 9.87Consumer Staples 8.63 0.69 7.97Telecommunication Services 7.90 -0.09 -0.77Materials 7.62 0.77 9.94Financials 6.50 0.11 1.43Energy 0.41 0.04 9.29Utilities 0.31 -0.01 -2.60

PORT Attribution Report: Attribution Summary (Grid) (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.

SummaryYANKUN YAONKY9/1/201512/4/2015JPYTotal Return

Attribution Summary (Grid)Total Attribution (Alpha) (%) Allocation Effect (%) Selection Effect (%) Currency Effect (%)

(12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.

SummaryUser Name YANKUN YAOPortfolio NKYStart Date(Earliest Available) 9/1/2015End Date 12/4/2015Currency JPYMethod Total Return

Attribution Detail (All Securities, Including Buckets)% Average Weight Contribution to Return (%) Total Return (%)

NKY 100.00 8.11 8.11Consumer Discretionary 23.54 1.49 6.11

FAST RETAILING CO LTD 9.79 -0.16 -1.60HONDA MOTOR CO LTD 1.63 0.15 9.10TOYOTA MOTOR CORP 1.55 0.18 11.44DENTSU INC 1.37 0.22 16.78DENSO CORP 1.17 0.17 14.79FUJI HEAVY INDUSTRIES LTD 0.97 0.23 26.18BRIDGESTONE CORP 0.90 0.11 12.30SUZUKI MOTOR CORP 0.81 -0.02 -2.75SONY CORP 0.68 0.02 1.65YAMAHA CORP 0.61 0.09 14.60CASIO COMPUTER CO LTD 0.49 0.11 22.83SEKISUI HOUSE LTD 0.41 0.08 21.29ISETAN MITSUKOSHI HOLDINGS L 0.39 -0.01 -2.63SUMITOMO ELECTRIC INDUSTRIES 0.35 0.03 8.73MARUI GROUP CO LTD 0.33 0.09 30.37NIKON CORP 0.33 0.02 7.17PANASONIC CORP 0.28 0.02 5.85NISSAN MOTOR CO LTD 0.25 0.05 22.16YOKOHAMA RUBBER CO LTD 0.23 0.00 -2.36

PORT Attribution Report: Attribution Detail (All Securities, Including Buckets) (12/05/2015 14:01:00)

TAKASHIMAYA CO LTD 0.22 0.02 8.71J FRONT RETAILING CO LTD 0.20 0.01 2.20ISUZU MOTORS LTD 0.14 0.01 5.01TOKYO DOME CORP 0.11 0.02 21.10MAZDA MOTOR CORP 0.09 0.03 29.16PIONEER CORP 0.06 0.03 60.62TOHO CO LTD 0.06 0.01 24.86HASEKO CORP 0.04 0.00 1.70SHARP CORP 0.03 -0.01 -25.58MITSUBISHI MOTORS CORP 0.02 0.00 22.20UNITIKA LTD 0.01 0.00 -7.81SKY PERFECT JSAT HOLDINGS 0.01 0.00 19.97

Industrials 20.86 2.48 12.23FANUC CORP 4.31 0.67 16.27SECOM CO LTD 1.63 0.21 13.07DAIKIN INDUSTRIES LTD 1.62 0.39 26.13TOYOTA TSUSHO CORP 0.58 0.03 5.94NGK INSULATORS LTD 0.55 0.05 9.80YAMATO HOLDINGS CO LTD 0.50 0.02 4.39MITSUBISHI CORP 0.45 -0.02 -4.49CENTRAL JAPAN RAILWAY CO 0.44 0.06 14.16KOMATSU LTD 0.41 0.01 2.60JTEKT CORP 0.41 0.12 31.57TOTO LTD 0.41 0.10 26.05KUBOTA CORP 0.39 0.05 12.80JGC CORP 0.39 0.08 20.97HITACHI CONSTRUCTION MACHINE 0.39 0.05 14.76MITSUBISHI LOGISTICS CORP 0.33 0.05 14.76COMSYS HOLDINGS CORP 0.32 0.05 16.64MITSUI & CO LTD 0.32 0.00 0.59NISSHINBO HOLDINGS INC 0.31 -0.01 -2.89ITOCHU CORP 0.31 0.02 7.71KEISEI ELECTRIC RAILWAY CO 0.29 0.04 13.05MINEBEA CO LTD 0.29 -0.03 -9.23

HINO MOTORS LTD 0.29 0.05 17.23NSK LTD 0.29 0.02 8.63SUMITOMO CORP 0.27 0.02 8.65MITSUBISHI ELECTRIC CORP 0.26 0.05 19.46DAI NIPPON PRINTING CO LTD 0.25 0.00 1.07ODAKYU ELECTRIC RAILWAY CO 0.24 0.03 13.68EAST JAPAN RAILWAY CO 0.23 0.02 7.99AMADA HOLDINGS CO LTD 0.22 0.04 18.01SHIMIZU CORP 0.22 -0.03 -10.77OBAYASHI CORP 0.22 0.02 9.65TOPPAN PRINTING CO LTD 0.22 0.03 14.39TOKYU CORP 0.20 0.02 12.90KEIO CORP 0.19 0.02 12.71OKUMA CORP 0.19 0.04 22.04CHIYODA CORP 0.19 0.04 23.56WEST JAPAN RAILWAY CO 0.17 0.00 -0.35TAISEI CORP 0.16 0.00 -0.73ASAHI GLASS CO LTD 0.15 0.00 1.85KAJIMA CORP 0.14 0.01 8.21MARUBENI CORP 0.14 0.01 6.44MITSUBISHI HEAVY INDUSTRIES 0.13 0.02 14.64FUJIKURA LTD 0.12 0.03 23.28NIPPON EXPRESS CO LTD 0.12 0.00 0.49NTN CORP 0.12 0.00 0.77TOBU RAILWAY CO LTD 0.12 0.02 14.02SUMITOMO HEAVY INDUSTRIES 0.11 0.01 13.54EBARA CORP 0.11 0.03 28.80FUJI ELECTRIC CO LTD 0.11 0.02 19.10GS YUASA CORP 0.10 0.01 7.60KAWASAKI HEAVY INDUSTRIES 0.10 0.01 8.96JAPAN STEEL WORKS LTD 0.09 0.01 16.87MEIDENSHA CORP 0.09 0.02 25.12ANA HOLDINGS INC 0.07 0.00 0.79IHI CORP 0.07 -0.01 -8.13

MITSUI OSK LINES LTD 0.07 -0.01 -6.70TOSHIBA CORP 0.07 -0.01 -16.84NIPPON YUSEN KK 0.07 0.00 -0.24KAWASAKI KISEN KAISHA LTD 0.06 -0.01 -8.90FURUKAWA CO LTD 0.06 -0.01 -17.24FURUKAWA ELECTRIC CO LTD 0.05 0.02 42.78MITSUI ENGINEER & SHIPBUILD 0.04 0.00 7.45NITTO BOSEKI CO LTD 0.03 -0.04 -34.85HITACHI ZOSEN CORP 0.03 0.00 9.94NIPPON SHEET GLASS CO LTD 0.02 0.00 -4.72SOJITZ CORP 0.01 0.00 12.81

Information Technology 14.29 1.70 12.07KYOCERA CORP 2.43 0.00 -0.25TDK CORP 1.62 0.35 23.12TOKYO ELECTRON LTD 1.43 0.42 32.29NTT DATA CORP 1.25 0.09 7.28CANON INC 1.16 0.04 3.38FUJIFILM HOLDINGS CORP 1.00 0.04 3.82TREND MICRO INC 0.95 0.22 25.12ALPS ELECTRIC CO LTD 0.77 0.01 0.98KONAMI HOLDINGS CORP 0.58 0.08 13.23ADVANTEST CORP 0.41 0.08 20.78TAIYO YUDEN CO LTD 0.35 0.12 37.58YASKAWA ELECTRIC CORP 0.29 0.06 21.37YOKOGAWA ELECTRIC CORP 0.29 0.03 10.23KONICA MINOLTA INC 0.27 0.01 1.73RICOH CO LTD 0.27 0.03 11.76NIPPON ELECTRIC GLASS CO LTD 0.19 0.04 24.09CITIZEN HOLDINGS CO LTD 0.18 0.01 2.67SCREEN HOLDINGS CO LTD 0.15 0.07 56.32HITACHI LTD 0.14 0.02 11.00MITSUMI ELECTRIC CO LTD 0.14 0.00 -0.77FUJITSU LTD 0.12 0.01 11.72DENA CO LTD 0.09 -0.02 -11.09

NEC CORP 0.08 0.01 7.12YAHOO JAPAN CORP 0.04 0.00 9.57OKI ELECTRIC INDUSTRY CO LTD 0.04 -0.01 -22.86SUMCO CORP 0.03 0.00 18.52

Health Care 9.95 0.94 9.87ASTELLAS PHARMA INC 1.76 0.03 2.04EISAI CO LTD 1.59 0.05 4.02TERUMO CORP 1.48 0.32 23.12TAKEDA PHARMACEUTICAL CO LTD 1.21 0.07 5.94SHIONOGI & CO LTD 1.00 0.18 19.73OLYMPUS CORP 0.89 0.13 15.33CHUGAI PHARMACEUTICAL CO LTD 0.84 -0.03 -1.86DAIICHI SANKYO CO LTD 0.48 0.08 18.45KYOWA HAKKO KIRIN CO LTD 0.41 0.05 12.65SUMITOMO DAINIPPON PHARMA CO 0.28 0.04 15.80

Consumer Staples 8.63 0.69 7.97KAO CORP 1.20 0.20 17.47SEVEN & I HOLDINGS CO LTD 1.14 0.10 8.22JAPAN TOBACCO INC 0.88 0.05 6.13ASAHI GROUP HOLDINGS LTD 0.79 0.00 0.85KIKKOMAN CORP 0.77 0.06 7.90SHISEIDO CO LTD 0.57 0.07 12.72AJINOMOTO CO INC 0.55 0.04 6.88NH FOODS LTD 0.52 -0.07 -11.97MEIJI HOLDINGS CO LTD 0.39 0.03 6.54AEON CO LTD 0.38 0.03 8.91NISSHIN SEIFUN GROUP INC 0.37 0.07 20.93KIRIN HOLDINGS CO LTD 0.35 0.01 1.85TAKARA HOLDINGS INC 0.17 0.04 21.66NICHIREI CORP 0.16 0.02 12.38UNY GROUP HOLDINGS CO LTD 0.15 0.00 1.09SAPPORO HOLDINGS LTD 0.10 0.02 18.82NIPPON SUISAN KAISHA LTD 0.08 0.02 22.34MARUHA NICHIRO CORP 0.04 0.00 10.54

Telecommunication Services 7.90 -0.09 -0.77SOFTBANK GROUP CORP 4.05 -0.31 -6.65KDDI CORP 3.61 0.21 5.81NIPPON TELEGRAPH & TELEPHONE 0.19 0.01 5.68NTT DOCOMO INC 0.05 0.00 0.09

Materials 7.62 0.77 9.94NITTO DENKO CORP 1.67 0.19 11.35SHIN-ETSU CHEMICAL CO LTD 1.41 0.11 7.25NISSAN CHEMICAL INDUSTRIES 0.60 0.06 10.39TOYO SEIKAN GROUP HOLDINGS L 0.45 0.11 26.23KURARAY CO LTD 0.31 0.04 12.19SUMITOMO METAL MINING CO LTD 0.31 0.00 -0.97NIPPON KAYAKU CO LTD 0.27 0.04 13.59TORAY INDUSTRIES INC 0.22 0.02 7.67DOWA HOLDINGS CO LTD 0.21 -0.02 -8.52ASAHI KASEI CORP 0.17 -0.02 -9.01NIPPON SODA CO LTD 0.16 0.02 10.30HOKUETSU KISHU PAPER CO LTD 0.16 0.02 10.16SUMITOMO CHEMICAL CO LTD 0.14 0.03 26.12TOSOH CORP 0.13 0.04 31.25OJI HOLDINGS CORP 0.12 0.00 -4.91DENKA CO LTD 0.11 0.01 13.15SUMITOMO OSAKA CEMENT CO LTD 0.10 0.00 -2.36MITSUI CHEMICALS INC 0.09 0.03 34.37MITSUBISHI MATERIALS CORP 0.09 0.01 14.77TEIJIN LTD 0.08 0.01 17.71TAIHEIYO CEMENT CORP 0.08 -0.01 -8.94MITSUBISHI CHEMICAL HOLDINGS 0.08 0.02 20.92TOKAI CARBON CO LTD 0.07 0.02 28.57TOHO ZINC CO LTD 0.07 0.00 0.33PACIFIC METALS CO LTD 0.07 0.00 2.27NIPPON STEEL & SUMITOMO META 0.05 0.00 4.77MITSUI MINING & SMELTING CO 0.05 0.00 -4.94UBE INDUSTRIES LTD 0.05 0.01 23.08

TOKUYAMA CORP 0.05 0.01 27.23NIPPON PAPER INDUSTRIES CO L 0.04 0.00 1.08NIPPON LIGHT METAL HOLDINGS 0.04 0.01 20.00JFE HOLDINGS INC 0.04 0.01 13.82TOYOBO CO LTD 0.04 0.00 5.33KOBE STEEL LTD 0.03 0.00 -5.11SHOWA DENKO K K 0.03 0.00 13.97NISSHIN STEEL CO LTD 0.03 0.01 32.04

Financials 6.50 0.11 1.43SUMITOMO REALTY & DEVELOPMEN 0.82 -0.04 -4.92MITSUI FUDOSAN CO LTD 0.69 -0.02 -3.37DAIWA HOUSE INDUSTRY CO LTD 0.66 0.13 20.63MITSUBISHI ESTATE CO LTD 0.53 0.01 2.00CREDIT SAISON CO LTD 0.49 0.00 -0.17TOKIO MARINE HOLDINGS INC 0.49 0.00 0.33SHIZUOKA BANK LTD/THE 0.26 -0.01 -3.81MATSUI SECURITIES CO LTD 0.23 0.03 13.47MS&AD INSURANCE GROUP HOLDIN 0.22 -0.01 -2.64SOMPO JAPAN NIPPONKOA HOLDIN 0.20 0.01 2.49CHIBA BANK LTD/THE 0.18 0.00 -2.58TOKYU FUDOSAN HOLDINGS CORP 0.17 0.00 0.42DAIWA SECURITIES GROUP INC 0.17 0.00 -2.04MITSUBISHI UFJ FINANCIAL GRO 0.16 0.01 4.68NOMURA HOLDINGS INC 0.16 0.00 0.34TOKYO TATEMONO CO LTD 0.16 0.00 -0.34BANK OF YOKOHAMA LTD/THE 0.16 0.00 0.69FUKUOKA FINANCIAL GROUP INC 0.13 0.01 3.27SUMITOMO MITSUI FINANCIAL GR 0.10 0.00 0.05SUMITOMO MITSUI TRUST HOLDIN 0.10 0.00 -3.27AOZORA BANK LTD 0.09 0.00 0.23SONY FINANCIAL HOLDINGS INC 0.09 0.00 4.04T&D HOLDINGS INC 0.07 0.01 11.99SHINSEI BANK LTD 0.05 -0.01 -9.45MIZUHO FINANCIAL GROUP INC 0.05 0.00 4.98

DAI-ICHI LIFE INSURANCE 0.04 0.00 -0.26HEIWA REAL ESTATE CO LTD 0.02 -0.01 -13.96RESONA HOLDINGS INC 0.01 0.00 3.54

Energy 0.41 0.04 9.29SHOWA SHELL SEKIYU KK 0.22 0.02 8.35JX HOLDINGS INC 0.10 0.01 15.32INPEX CORP 0.10 0.01 5.54

Utilities 0.31 -0.01 -2.60TOKYO GAS CO LTD 0.13 -0.01 -3.53OSAKA GAS CO LTD 0.10 0.00 -0.81CHUBU ELECTRIC POWER CO INC 0.04 0.00 -4.59KANSAI ELECTRIC POWER CO INC 0.03 0.00 -2.09TOKYO ELECTRIC POWER CO INC 0.02 0.00 -2.18

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.

SummaryYANKUN YAONKY9/1/201512/4/2015JPYTotal Return

Attribution Detail (All Securities, Including Buckets)Total Attribution (Alpha) (%) Allocation Effect (%) Selection Effect (%) Currency Effect (%)

PORT Attribution Report: Attribution Detail (All Securities, Including Buckets) (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are

SummaryUser Name YANKUN YAOPortfolio NKYStart Date(Earliest Available) 9/1/2015End Date 12/4/2015Currency JPYMethod Total Return

Allocation% Average Weight Contribution to Return (%) Total Return (%) Total Attribution (Alpha) (%)

NKY 100.00 8.11 8.11Energy 0.41 0.04 9.29Materials 7.62 0.77 9.94Industrials 20.86 2.48 12.23Consumer Discretionary 23.54 1.49 6.11Consumer Staples 8.63 0.69 7.97Health Care 9.95 0.94 9.87Financials 6.50 0.11 1.43Information Technology 14.29 1.70 12.07Telecommunication Services 7.90 -0.09 -0.77Utilities 0.31 -0.01 -2.60

PORT Attribution Report: Allocation (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.

SummaryYANKUN YAONKY9/1/201512/4/2015JPYTotal Return

AllocationAllocation Effect (%) Selection Effect (%) Currency Effect (%)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO,

SummaryUser Name YANKUN YAOPortfolio NKYStart Date(Earliest Available) 9/1/2015End Date 12/4/2015Currency JPYMethod Total Return

Top 20 Attribution Contributors% Average Weight Contribution to Return (%) Total Return (%)

NKY 100.00 8.11 8.11BRIDGESTONE CORP 0.90 0.11 12.30CASIO COMPUTER CO LTD 0.49 0.11 22.83DENSO CORP 1.17 0.17 14.79DENTSU INC 1.37 0.22 16.78FAST RETAILING CO LTD 9.79 -0.16 -1.60FUJI HEAVY INDUSTRIES LTD 0.97 0.23 26.18HASEKO CORP 0.04 0.00 1.70HONDA MOTOR CO LTD 1.63 0.15 9.10ISETAN MITSUKOSHI HOLDINGS L 0.39 -0.01 -2.63ISUZU MOTORS LTD 0.14 0.01 5.01J FRONT RETAILING CO LTD 0.20 0.01 2.20MARUI GROUP CO LTD 0.33 0.09 30.37MAZDA MOTOR CORP 0.09 0.03 29.16MITSUBISHI MOTORS CORP 0.02 0.00 22.20NIKON CORP 0.33 0.02 7.17NISSAN MOTOR CO LTD 0.25 0.05 22.16PANASONIC CORP 0.28 0.02 5.85PIONEER CORP 0.06 0.03 60.62SEKISUI HOUSE LTD 0.41 0.08 21.29SHARP CORP 0.03 -0.01 -25.58

PORT Attribution Report: Top 20 Attribution Contributors (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.

SummaryYANKUN YAONKY9/1/201512/4/2015JPYTotal Return

Top 20 Attribution ContributorsTotal Attribution (Alpha) (%) Allocation Effect (%) Selection Effect (%) Currency Effect (%)

PORT Attribution Report: Top 20 Attribution Contributors (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and

SummaryUser Name YANKUN YAOPortfolio NKYStart Date(Earliest Available) 9/1/2015End Date 12/4/2015Currency JPYMethod Total Return

Bottom 20 Attribution Contributors% Average Weight Contribution to Return (%) Total Return (%)

NKY 100.00 8.11 8.11BRIDGESTONE CORP 0.90 0.11 12.30CASIO COMPUTER CO LTD 0.49 0.11 22.83DENSO CORP 1.17 0.17 14.79DENTSU INC 1.37 0.22 16.78FAST RETAILING CO LTD 9.79 -0.16 -1.60FUJI HEAVY INDUSTRIES LTD 0.97 0.23 26.18HASEKO CORP 0.04 0.00 1.70HONDA MOTOR CO LTD 1.63 0.15 9.10ISETAN MITSUKOSHI HOLDINGS L 0.39 -0.01 -2.63ISUZU MOTORS LTD 0.14 0.01 5.01J FRONT RETAILING CO LTD 0.20 0.01 2.20MARUI GROUP CO LTD 0.33 0.09 30.37MAZDA MOTOR CORP 0.09 0.03 29.16MITSUBISHI MOTORS CORP 0.02 0.00 22.20NIKON CORP 0.33 0.02 7.17NISSAN MOTOR CO LTD 0.25 0.05 22.16PANASONIC CORP 0.28 0.02 5.85PIONEER CORP 0.06 0.03 60.62SEKISUI HOUSE LTD 0.41 0.08 21.29SHARP CORP 0.03 -0.01 -25.58

PORT Attribution Report: Bottom 20 Attribution Contributors (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.

SummaryYANKUN YAONKY9/1/201512/4/2015JPYTotal Return

Bottom 20 Attribution ContributorsTotal Attribution (Alpha) (%) Allocation Effect (%) Selection Effect (%) Currency Effect (%)

PORT Attribution Report: Bottom 20 Attribution Contributors (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and

SummaryUser Name YANKUN YAOPortfolio NKYStart Date(Earliest Available) 9/1/2015End Date 12/4/2015Currency JPYMethod Total Return

Top 20 Contribution to Return% Average Weight Contribution to Return (%) Total Return (%)

NKY 100.00 8.11 8.11FANUC CORP 4.31 0.67 16.27TOKYO ELECTRON LTD 1.43 0.42 32.29DAIKIN INDUSTRIES LTD 1.62 0.39 26.13TDK CORP 1.62 0.35 23.12TERUMO CORP 1.48 0.32 23.12FUJI HEAVY INDUSTRIES LTD 0.97 0.23 26.18TREND MICRO INC 0.95 0.22 25.12DENTSU INC 1.37 0.22 16.78SECOM CO LTD 1.63 0.21 13.07KDDI CORP 3.61 0.21 5.81KAO CORP 1.20 0.20 17.47NITTO DENKO CORP 1.67 0.19 11.35SHIONOGI & CO LTD 1.00 0.18 19.73TOYOTA MOTOR CORP 1.55 0.18 11.44DENSO CORP 1.17 0.17 14.79HONDA MOTOR CO LTD 1.63 0.15 9.10OLYMPUS CORP 0.89 0.13 15.33DAIWA HOUSE INDUSTRY CO LTD 0.66 0.13 20.63JTEKT CORP 0.41 0.12 31.57TAIYO YUDEN CO LTD 0.35 0.12 37.58

PORT Attribution Report: Top 20 Contribution to Return (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.

SummaryYANKUN YAONKY9/1/201512/4/2015JPYTotal Return

Top 20 Contribution to ReturnTotal Attribution (Alpha) (%) Allocation Effect (%) Selection Effect (%) Currency Effect (%)

PORT Attribution Report: Top 20 Contribution to Return (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and

SummaryUser Name YANKUN YAOPortfolio NKYStart Date(Earliest Available) 9/1/2015End Date 12/4/2015Currency JPYMethod Total Return

Bottom 20 Contribution to Return% Average Weight Contribution to Return (%) Total Return (%)

NKY 100.00 8.11 8.11SOFTBANK GROUP CORP 4.05 -0.31 -6.65FAST RETAILING CO LTD 9.79 -0.16 -1.60NH FOODS LTD 0.52 -0.07 -11.97NITTO BOSEKI CO LTD 0.03 -0.04 -34.85SUMITOMO REALTY & DEVELOPMEN 0.82 -0.04 -4.92SHIMIZU CORP 0.22 -0.03 -10.77CHUGAI PHARMACEUTICAL CO LTD 0.84 -0.03 -1.86MINEBEA CO LTD 0.29 -0.03 -9.23MITSUBISHI CORP 0.45 -0.02 -4.49MITSUI FUDOSAN CO LTD 0.69 -0.02 -3.37ASAHI KASEI CORP 0.17 -0.02 -9.01SUZUKI MOTOR CORP 0.81 -0.02 -2.75DOWA HOLDINGS CO LTD 0.21 -0.02 -8.52DENA CO LTD 0.09 -0.02 -11.09TOSHIBA CORP 0.07 -0.01 -16.84FURUKAWA CO LTD 0.06 -0.01 -17.24OKI ELECTRIC INDUSTRY CO LTD 0.04 -0.01 -22.86SHARP CORP 0.03 -0.01 -25.58HEIWA REAL ESTATE CO LTD 0.02 -0.01 -13.96SHIZUOKA BANK LTD/THE 0.26 -0.01 -3.81

PORT Attribution Report: Bottom 20 Contribution to Return (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.

SummaryYANKUN YAONKY9/1/201512/4/2015JPYTotal Return

Bottom 20 Contribution to ReturnTotal Attribution (Alpha) (%) Allocation Effect (%) Selection Effect (%) Currency Effect (%)

PORT Attribution Report: Bottom 20 Contribution to Return (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are

SummaryUser Name YANKUN YAOPortfolio NKYStart Date(Earliest Available) 9/1/2015End Date 12/4/2015Currency JPYMethod Total Return

Top 20 Total Return% Average Weight Contribution to Return (%) Total Return (%)

NKY 100.00 8.11 8.11PIONEER CORP 0.06 0.03 60.62SCREEN HOLDINGS CO LTD 0.15 0.07 56.32FURUKAWA ELECTRIC CO LTD 0.05 0.02 42.78TAIYO YUDEN CO LTD 0.35 0.12 37.58MITSUI CHEMICALS INC 0.09 0.03 34.37TOKYO ELECTRON LTD 1.43 0.42 32.29NISSHIN STEEL CO LTD 0.03 0.01 32.04JTEKT CORP 0.41 0.12 31.57TOSOH CORP 0.13 0.04 31.25MARUI GROUP CO LTD 0.33 0.09 30.37MAZDA MOTOR CORP 0.09 0.03 29.16EBARA CORP 0.11 0.03 28.80TOKAI CARBON CO LTD 0.07 0.02 28.57TOKUYAMA CORP 0.05 0.01 27.23TOYO SEIKAN GROUP HOLDINGS L 0.45 0.11 26.23FUJI HEAVY INDUSTRIES LTD 0.97 0.23 26.18DAIKIN INDUSTRIES LTD 1.62 0.39 26.13SUMITOMO CHEMICAL CO LTD 0.14 0.03 26.12TOTO LTD 0.41 0.10 26.05TREND MICRO INC 0.95 0.22 25.12

PORT Attribution Report: Top 20 Total Return (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.

SummaryYANKUN YAONKY9/1/201512/4/2015JPYTotal Return

Top 20 Total ReturnTotal Attribution (Alpha) (%) Allocation Effect (%) Selection Effect (%) Currency Effect (%)

(12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are

SummaryUser Name YANKUN YAOPortfolio NKYStart Date(Earliest Available) 9/1/2015End Date 12/4/2015Currency JPYMethod Total Return

Bottom 20 Total Return% Average Weight Contribution to Return (%) Total Return (%)

NKY 100.00 8.11 8.11NITTO BOSEKI CO LTD 0.03 -0.04 -34.85SHARP CORP 0.03 -0.01 -25.58OKI ELECTRIC INDUSTRY CO LTD 0.04 -0.01 -22.86FURUKAWA CO LTD 0.06 -0.01 -17.24TOSHIBA CORP 0.07 -0.01 -16.84HEIWA REAL ESTATE CO LTD 0.02 -0.01 -13.96NH FOODS LTD 0.52 -0.07 -11.97DENA CO LTD 0.09 -0.02 -11.09SHIMIZU CORP 0.22 -0.03 -10.77SHINSEI BANK LTD 0.05 -0.01 -9.45MINEBEA CO LTD 0.29 -0.03 -9.23ASAHI KASEI CORP 0.17 -0.02 -9.01TAIHEIYO CEMENT CORP 0.08 -0.01 -8.94KAWASAKI KISEN KAISHA LTD 0.06 -0.01 -8.90DOWA HOLDINGS CO LTD 0.21 -0.02 -8.52IHI CORP 0.07 -0.01 -8.13UNITIKA LTD 0.01 0.00 -7.81MITSUI OSK LINES LTD 0.07 -0.01 -6.70SOFTBANK GROUP CORP 4.05 -0.31 -6.65KOBE STEEL LTD 0.03 0.00 -5.11

PORT Attribution Report: Bottom 20 Total Return (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.

SummaryYANKUN YAONKY9/1/201512/4/2015JPYTotal Return

Bottom 20 Total ReturnTotal Attribution (Alpha) (%) Allocation Effect (%) Selection Effect (%) Currency Effect (%)

(12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and

SummaryUser Name YANKUN YAOPortfolio NKYStart Date(Earliest Available) 9/1/2015End Date 12/4/2015Currency JPYMethod Total Return

Top 20 Relative Weight% Average Weight Contribution to Return (%) Total Return (%)

NKY 100.00 8.11 8.11BRIDGESTONE CORP 0.90 0.11 12.30CASIO COMPUTER CO LTD 0.49 0.11 22.83DENSO CORP 1.17 0.17 14.79DENTSU INC 1.37 0.22 16.78FAST RETAILING CO LTD 9.79 -0.16 -1.60FUJI HEAVY INDUSTRIES LTD 0.97 0.23 26.18HASEKO CORP 0.04 0.00 1.70HONDA MOTOR CO LTD 1.63 0.15 9.10ISETAN MITSUKOSHI HOLDINGS L 0.39 -0.01 -2.63ISUZU MOTORS LTD 0.14 0.01 5.01J FRONT RETAILING CO LTD 0.20 0.01 2.20MARUI GROUP CO LTD 0.33 0.09 30.37MAZDA MOTOR CORP 0.09 0.03 29.16MITSUBISHI MOTORS CORP 0.02 0.00 22.20NIKON CORP 0.33 0.02 7.17NISSAN MOTOR CO LTD 0.25 0.05 22.16PANASONIC CORP 0.28 0.02 5.85PIONEER CORP 0.06 0.03 60.62SEKISUI HOUSE LTD 0.41 0.08 21.29SHARP CORP 0.03 -0.01 -25.58

PORT Attribution Report: Top 20 Relative Weight (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.

SummaryYANKUN YAONKY9/1/201512/4/2015JPYTotal Return

Top 20 Relative WeightTotal Attribution (Alpha) (%) Allocation Effect (%) Selection Effect (%) Currency Effect (%)

(12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and

SummaryUser Name YANKUN YAOPortfolio NKYStart Date(Earliest Available) 9/1/2015End Date 12/4/2015Currency JPYMethod Total Return

Bottom 20 Relative Weight% Average Weight Contribution to Return (%) Total Return (%)

NKY 100.00 8.11 8.11BRIDGESTONE CORP 0.90 0.11 12.30CASIO COMPUTER CO LTD 0.49 0.11 22.83DENSO CORP 1.17 0.17 14.79DENTSU INC 1.37 0.22 16.78FAST RETAILING CO LTD 9.79 -0.16 -1.60FUJI HEAVY INDUSTRIES LTD 0.97 0.23 26.18HASEKO CORP 0.04 0.00 1.70HONDA MOTOR CO LTD 1.63 0.15 9.10ISETAN MITSUKOSHI HOLDINGS L 0.39 -0.01 -2.63ISUZU MOTORS LTD 0.14 0.01 5.01J FRONT RETAILING CO LTD 0.20 0.01 2.20MARUI GROUP CO LTD 0.33 0.09 30.37MAZDA MOTOR CORP 0.09 0.03 29.16MITSUBISHI MOTORS CORP 0.02 0.00 22.20NIKON CORP 0.33 0.02 7.17NISSAN MOTOR CO LTD 0.25 0.05 22.16PANASONIC CORP 0.28 0.02 5.85PIONEER CORP 0.06 0.03 60.62SEKISUI HOUSE LTD 0.41 0.08 21.29SHARP CORP 0.03 -0.01 -25.58

PORT Attribution Report: Bottom 20 Relative Weight (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.

SummaryYANKUN YAONKY9/1/201512/4/2015JPYTotal Return

Bottom 20 Relative WeightTotal Attribution (Alpha) (%) Allocation Effect (%) Selection Effect (%) Currency Effect (%)

(12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and

SummaryUser Name YANKUN YAOPortfolio NKYStart Date(Earliest Available) 9/1/2015End Date 12/4/2015Currency JPYMethod Total Return

Top 20 Relative Return% Average Weight Contribution to Return (%) Total Return (%)

NKY 100.00 8.11 8.11BRIDGESTONE CORP 0.90 0.11 12.30CASIO COMPUTER CO LTD 0.49 0.11 22.83DENSO CORP 1.17 0.17 14.79DENTSU INC 1.37 0.22 16.78FAST RETAILING CO LTD 9.79 -0.16 -1.60FUJI HEAVY INDUSTRIES LTD 0.97 0.23 26.18HASEKO CORP 0.04 0.00 1.70HONDA MOTOR CO LTD 1.63 0.15 9.10ISETAN MITSUKOSHI HOLDINGS L 0.39 -0.01 -2.63ISUZU MOTORS LTD 0.14 0.01 5.01J FRONT RETAILING CO LTD 0.20 0.01 2.20MARUI GROUP CO LTD 0.33 0.09 30.37MAZDA MOTOR CORP 0.09 0.03 29.16MITSUBISHI MOTORS CORP 0.02 0.00 22.20NIKON CORP 0.33 0.02 7.17NISSAN MOTOR CO LTD 0.25 0.05 22.16PANASONIC CORP 0.28 0.02 5.85PIONEER CORP 0.06 0.03 60.62SEKISUI HOUSE LTD 0.41 0.08 21.29SHARP CORP 0.03 -0.01 -25.58

PORT Attribution Report: Top 20 Relative Return (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.

SummaryYANKUN YAONKY9/1/201512/4/2015JPYTotal Return

Top 20 Relative ReturnTotal Attribution (Alpha) (%) Allocation Effect (%) Selection Effect (%) Currency Effect (%)

(12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and

SummaryUser Name YANKUN YAOPortfolio NKYStart Date(Earliest Available) 9/1/2015End Date 12/4/2015Currency JPYMethod Total Return

Bottom 20 Relative Return% Average Weight Contribution to Return (%) Total Return (%)

NKY 100.00 8.11 8.11BRIDGESTONE CORP 0.90 0.11 12.30CASIO COMPUTER CO LTD 0.49 0.11 22.83DENSO CORP 1.17 0.17 14.79DENTSU INC 1.37 0.22 16.78FAST RETAILING CO LTD 9.79 -0.16 -1.60FUJI HEAVY INDUSTRIES LTD 0.97 0.23 26.18HASEKO CORP 0.04 0.00 1.70HONDA MOTOR CO LTD 1.63 0.15 9.10ISETAN MITSUKOSHI HOLDINGS L 0.39 -0.01 -2.63ISUZU MOTORS LTD 0.14 0.01 5.01J FRONT RETAILING CO LTD 0.20 0.01 2.20MARUI GROUP CO LTD 0.33 0.09 30.37MAZDA MOTOR CORP 0.09 0.03 29.16MITSUBISHI MOTORS CORP 0.02 0.00 22.20NIKON CORP 0.33 0.02 7.17NISSAN MOTOR CO LTD 0.25 0.05 22.16PANASONIC CORP 0.28 0.02 5.85PIONEER CORP 0.06 0.03 60.62SEKISUI HOUSE LTD 0.41 0.08 21.29SHARP CORP 0.03 -0.01 -25.58

PORT Attribution Report: Bottom 20 Relative Return (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.

SummaryYANKUN YAONKY9/1/201512/4/2015JPYTotal Return

Bottom 20 Relative ReturnTotal Attribution (Alpha) (%) Allocation Effect (%) Selection Effect (%) Currency Effect (%)

(12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and

SummaryUser Name YANKUN YAOPortfolio NKYStart Date(Earliest Available) 9/1/2015End Date 12/4/2015Currency JPYMethod Total Return

Distribution% Average Weight Contribution to Return (%) Total Return (%) Total Attribution (Alpha) (%)

NKY 100.00 8.11 8.11Energy 0.41 0.04 9.29Materials 7.62 0.77 9.94Industrials 20.86 2.48 12.23Consumer Discretionary 23.54 1.49 6.11Consumer Staples 8.63 0.69 7.97Health Care 9.95 0.94 9.87Financials 6.50 0.11 1.43Information Technology 14.29 1.70 12.07Telecommunication Services 7.90 -0.09 -0.77Utilities 0.31 -0.01 -2.60

PORT Attribution Report: Distribution (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.

SummaryYANKUN YAONKY9/1/201512/4/2015JPYTotal Return

DistributionAllocation Effect (%) Selection Effect (%) Currency Effect (%)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO,

SummaryUser Name YANKUN YAOPortfolio NKYAs-of Date 12/4/2015Currency JPY

Holdings DetailPort

# % Wgt Mkt Val Pos Px Close CrncyNKY 225 100.00 497,208

Utilities 5 0.29 1,457TOKYO GAS CO LTD 0.12 607 1.00 606.90 JPYTOKYO ELECTRIC POWER CO INC 0.02 76 0.10 764.00 JPYOSAKA GAS CO LTD 0.09 464 1.00 463.80 JPYKANSAI ELECTRIC POWER CO INC 0.03 140 0.10 1,402.00 JPYCHUBU ELECTRIC POWER CO INC 0.03 170 0.10 1,695.50 JPY

Telecommunication Services 4 7.76 38,561SOFTBANK GROUP CORP 3.85 19,125 3.00 6,375.00 JPYNTT DOCOMO INC 0.05 240 0.10 2,395.00 JPYNIPPON TELEGRAPH & TELEPHONE 0.19 938 0.20 4,691.00 JPYKDDI CORP 3.67 18,258 6.00 3,043.00 JPY

Materials 36 7.59 37,730UBE INDUSTRIES LTD 0.05 256 1.00 256.00 JPYTOYOBO CO LTD 0.04 178 1.00 178.00 JPYTOYO SEIKAN GROUP HOLDINGS L 0.48 2,397 1.00 2,397.00 JPYTOSOH CORP 0.13 668 1.00 668.00 JPYTORAY INDUSTRIES INC 0.22 1,107 1.00 1,107.00 JPYTOKUYAMA CORP 0.05 257 1.00 257.00 JPYTOKAI CARBON CO LTD 0.07 369 1.00 369.00 JPYTOHO ZINC CO LTD 0.06 302 1.00 302.00 JPYTEIJIN LTD 0.09 432 1.00 432.00 JPY

PORT Holdings Report: Holdings Detail (12/05/2015 14:01:00)

TAIHEIYO CEMENT CORP 0.07 364 1.00 364.00 JPYSUMITOMO OSAKA CEMENT CO LTD 0.09 449 1.00 449.00 JPYSUMITOMO METAL MINING CO LTD 0.28 1,411 1.00 1,411.00 JPYSUMITOMO CHEMICAL CO LTD 0.15 722 1.00 722.00 JPYSHOWA DENKO K K 0.03 155 1.00 155.00 JPYSHIN-ETSU CHEMICAL CO LTD 1.37 6,804 1.00 6,804.00 JPYPACIFIC METALS CO LTD 0.06 315 1.00 315.00 JPYOJI HOLDINGS CORP 0.10 520 1.00 520.00 JPYNITTO DENKO CORP 1.73 8,606 1.00 8,606.00 JPYNISSHIN STEEL CO LTD 0.03 139 0.10 1,390.00 JPYNISSAN CHEMICAL INDUSTRIES 0.59 2,953 1.00 2,953.00 JPYNIPPON STEEL & SUMITOMO META 0.05 249 0.10 2,485.50 JPYNIPPON SODA CO LTD 0.15 738 1.00 738.00 JPYNIPPON PAPER INDUSTRIES CO L 0.04 196 0.10 1,964.00 JPYNIPPON LIGHT METAL HOLDINGS 0.04 216 1.00 216.00 JPYNIPPON KAYAKU CO LTD 0.27 1,362 1.00 1,362.00 JPYMITSUI MINING & SMELTING CO 0.05 231 1.00 231.00 JPYMITSUI CHEMICALS INC 0.11 524 1.00 524.00 JPYMITSUBISHI MATERIALS CORP 0.09 428 1.00 428.00 JPYMITSUBISHI CHEMICAL HOLDINGS 0.08 397 0.50 793.50 JPYKURARAY CO LTD 0.31 1,565 1.00 1,565.00 JPYKOBE STEEL LTD 0.03 146 1.00 146.00 JPYJFE HOLDINGS INC 0.04 201 0.10 2,008.50 JPYHOKUETSU KISHU PAPER CO LTD 0.15 762 1.00 762.00 JPYDOWA HOLDINGS CO LTD 0.19 934 1.00 934.00 JPYDENKA CO LTD 0.11 553 1.00 553.00 JPYASAHI KASEI CORP 0.17 824 1.00 824.00 JPY

Information Technology 26 14.62 72,710YOKOGAWA ELECTRIC CORP 0.30 1,502 1.00 1,502.00 JPYYASKAWA ELECTRIC CORP 0.32 1,614 1.00 1,614.00 JPYYAHOO JAPAN CORP 0.04 206 0.40 515.00 JPYTREND MICRO INC 1.05 5,230 1.00 5,230.00 JPYTOKYO ELECTRON LTD 1.63 8,086 1.00 8,086.00 JPYTDK CORP 1.73 8,580 1.00 8,580.00 JPY

TAIYO YUDEN CO LTD 0.39 1,932 1.00 1,932.00 JPYSUMCO CORP 0.03 125 0.10 1,248.00 JPYSCREEN HOLDINGS CO LTD 0.18 891 1.00 891.00 JPYRICOH CO LTD 0.26 1,271 1.00 1,271.00 JPYOKI ELECTRIC INDUSTRY CO LTD 0.03 158 1.00 158.00 JPYNTT DATA CORP 1.21 6,000 1.00 6,000.00 JPYNIPPON ELECTRIC GLASS CO LTD 0.20 974 1.50 649.00 JPYNEC CORP 0.08 406 1.00 406.00 JPYMITSUMI ELECTRIC CO LTD 0.13 648 1.00 648.00 JPYKYOCERA CORP 2.31 11,490 2.00 5,745.00 JPYKONICA MINOLTA INC 0.26 1,296 1.00 1,296.00 JPYKONAMI HOLDINGS CORP 0.60 2,976 1.00 2,976.00 JPYHITACHI LTD 0.15 729 1.00 728.80 JPYFUJITSU LTD 0.13 647 1.00 646.60 JPYFUJIFILM HOLDINGS CORP 0.99 4,924 1.00 4,924.00 JPYDENA CO LTD 0.12 592 0.30 1,973.00 JPYCITIZEN HOLDINGS CO LTD 0.18 890 1.00 890.00 JPYCANON INC 1.13 5,625 1.50 3,750.00 JPYALPS ELECTRIC CO LTD 0.75 3,705 1.00 3,705.00 JPYADVANTEST CORP 0.45 2,214 2.00 1,107.00 JPY

Industrials 65 21.16 105,212YAMATO HOLDINGS CO LTD 0.48 2,370 1.00 2,370.00 JPYWEST JAPAN RAILWAY CO 0.15 769 0.10 7,692.00 JPYTOYOTA TSUSHO CORP 0.57 2,835 1.00 2,835.00 JPYTOTO LTD 0.42 2,108 0.50 4,215.00 JPYTOSHIBA CORP 0.06 302 1.00 302.30 JPYTOPPAN PRINTING CO LTD 0.22 1,097 1.00 1,097.00 JPYTOKYU CORP 0.19 934 1.00 934.00 JPYTOBU RAILWAY CO LTD 0.12 585 1.00 585.00 JPYTAISEI CORP 0.16 794 1.00 794.00 JPYSUMITOMO HEAVY INDUSTRIES 0.11 562 1.00 562.00 JPYSUMITOMO CORP 0.27 1,321 1.00 1,321.00 JPYSOJITZ CORP 0.01 28 0.10 275.00 JPYSHIMIZU CORP 0.21 1,024 1.00 1,024.00 JPY

SECOM CO LTD 1.69 8,411 1.00 8,411.00 JPYOKUMA CORP 0.22 1,105 1.00 1,105.00 JPYODAKYU ELECTRIC RAILWAY CO 0.24 1,216 1.00 1,216.00 JPYOBAYASHI CORP 0.23 1,126 1.00 1,126.00 JPYNTN CORP 0.12 594 1.00 594.00 JPYNSK LTD 0.31 1,531 1.00 1,531.00 JPYNISSHINBO HOLDINGS INC 0.27 1,359 1.00 1,359.00 JPYNIPPON YUSEN KK 0.06 308 1.00 308.00 JPYNIPPON SHEET GLASS CO LTD 0.02 101 1.00 101.00 JPYNIPPON EXPRESS CO LTD 0.11 560 1.00 560.00 JPYNGK INSULATORS LTD 0.56 2,801 1.00 2,801.00 JPYMITSUI OSK LINES LTD 0.06 310 1.00 310.00 JPYMITSUI ENGINEER & SHIPBUILD 0.04 202 1.00 202.00 JPYMITSUI & CO LTD 0.31 1,528 1.00 1,527.50 JPYMITSUBISHI LOGISTICS CORP 0.33 1,624 1.00 1,624.00 JPYMITSUBISHI HEAVY INDUSTRIES 0.13 633 1.00 633.30 JPYMITSUBISHI ELECTRIC CORP 0.28 1,368 1.00 1,367.50 JPYMITSUBISHI CORP 0.42 2,075 1.00 2,075.00 JPYMINEBEA CO LTD 0.25 1,243 1.00 1,243.00 JPYMEIDENSHA CORP 0.10 490 1.00 490.00 JPYMARUBENI CORP 0.14 685 1.00 685.10 JPYKUBOTA CORP 0.41 2,048 1.00 2,048.50 JPYKOMATSU LTD 0.41 2,014 1.00 2,014.00 JPYKEISEI ELECTRIC RAILWAY CO 0.29 1,419 1.00 1,419.00 JPYKEIO CORP 0.20 985 1.00 985.00 JPYKAWASAKI KISEN KAISHA LTD 0.05 241 1.00 241.00 JPYKAWASAKI HEAVY INDUSTRIES 0.10 477 1.00 477.00 JPYKAJIMA CORP 0.14 712 1.00 712.00 JPYJTEKT CORP 0.44 2,207 1.00 2,207.00 JPYJGC CORP 0.42 2,111 1.00 2,111.00 JPYJAPAN STEEL WORKS LTD 0.09 454 1.00 454.00 JPYITOCHU CORP 0.30 1,497 1.00 1,497.00 JPYIHI CORP 0.07 334 1.00 334.00 JPYHITACHI ZOSEN CORP 0.03 137 0.20 686.00 JPY

HITACHI CONSTRUCTION MACHINE 0.39 1,922 1.00 1,922.00 JPYHINO MOTORS LTD 0.30 1,488 1.00 1,488.00 JPYGS YUASA CORP 0.09 466 1.00 466.00 JPYFURUKAWA ELECTRIC CO LTD 0.06 277 1.00 277.00 JPYFURUKAWA CO LTD 0.05 240 1.00 240.00 JPYFUJIKURA LTD 0.14 696 1.00 696.00 JPYFUJI ELECTRIC CO LTD 0.11 549 1.00 549.00 JPYFANUC CORP 4.44 22,095 1.00 22,095.00 JPYEBARA CORP 0.12 605 1.00 605.00 JPYEAST JAPAN RAILWAY CO 0.23 1,152 0.10 11,520.00 JPYDAIKIN INDUSTRIES LTD 1.76 8,740 1.00 8,740.00 JPYDAI NIPPON PRINTING CO LTD 0.24 1,194 1.00 1,194.00 JPYCOMSYS HOLDINGS CORP 0.34 1,714 1.00 1,714.00 JPYCHIYODA CORP 0.21 1,028 1.00 1,028.00 JPYCENTRAL JAPAN RAILWAY CO 0.43 2,151 0.10 21,510.00 JPYASAHI GLASS CO LTD 0.14 716 1.00 716.00 JPYANA HOLDINGS INC 0.07 343 1.00 342.70 JPYAMADA HOLDINGS CO LTD 0.24 1,202 1.00 1,202.00 JPY

Health Care 10 10.21 50,759TERUMO CORP 1.56 7,750 2.00 3,875.00 JPYTAKEDA PHARMACEUTICAL CO LTD 1.19 5,940 1.00 5,940.00 JPYSUMITOMO DAINIPPON PHARMA CO 0.29 1,437 1.00 1,437.00 JPYSHIONOGI & CO LTD 1.09 5,420 1.00 5,420.00 JPYOLYMPUS CORP 0.97 4,815 1.00 4,815.00 JPYKYOWA HAKKO KIRIN CO LTD 0.44 2,181 1.00 2,181.00 JPYEISAI CO LTD 1.59 7,885 1.00 7,885.00 JPYDAIICHI SANKYO CO LTD 0.51 2,551 1.00 2,551.00 JPYCHUGAI PHARMACEUTICAL CO LTD 0.85 4,215 1.00 4,215.00 JPYASTELLAS PHARMA INC 1.72 8,565 5.00 1,713.00 JPY

Financials 27 6.18 30,746TOKYU FUDOSAN HOLDINGS CORP 0.16 808 1.00 808.00 JPYTOKYO TATEMONO CO LTD 0.15 728 0.50 1,457.00 JPYTOKIO MARINE HOLDINGS INC 0.46 2,308 0.50 4,616.00 JPYT&D HOLDINGS INC 0.07 348 0.20 1,737.50 JPY

SUMITOMO REALTY & DEVELOPMEN 0.75 3,748 1.00 3,748.00 JPYSUMITOMO MITSUI TRUST HOLDIN 0.09 467 1.00 466.90 JPYSUMITOMO MITSUI FINANCIAL GR 0.10 474 0.10 4,744.00 JPYSONY FINANCIAL HOLDINGS INC 0.09 463 0.20 2,316.00 JPYSOMPO JAPAN NIPPONKOA HOLDIN 0.19 969 0.25 3,875.00 JPYSHIZUOKA BANK LTD/THE 0.24 1,181 1.00 1,181.00 JPYSHINSEI BANK LTD 0.05 230 1.00 230.00 JPYRESONA HOLDINGS INC 0.01 61 0.10 607.10 JPYNOMURA HOLDINGS INC 0.15 735 1.00 735.40 JPYMS&AD INSURANCE GROUP HOLDIN 0.21 1,055 0.30 3,517.00 JPYMIZUHO FINANCIAL GROUP INC 0.05 248 1.00 247.90 JPYMITSUI FUDOSAN CO LTD 0.63 3,119 1.00 3,119.00 JPYMITSUBISHI UFJ FINANCIAL GRO 0.16 804 1.00 803.60 JPYMITSUBISHI ESTATE CO LTD 0.51 2,558 1.00 2,558.00 JPYMATSUI SECURITIES CO LTD 0.23 1,131 1.00 1,131.00 JPYFUKUOKA FINANCIAL GROUP INC 0.12 586 1.00 586.00 JPYDAIWA SECURITIES GROUP INC 0.16 782 1.00 782.10 JPYDAIWA HOUSE INDUSTRY CO LTD 0.68 3,389 1.00 3,389.00 JPYDAI-ICHI LIFE INSURANCE 0.04 212 0.10 2,122.50 JPYCREDIT SAISON CO LTD 0.47 2,360 1.00 2,360.00 JPYCHIBA BANK LTD/THE 0.17 830 1.00 830.00 JPYBANK OF YOKOHAMA LTD/THE 0.14 719 1.00 719.30 JPYAOZORA BANK LTD 0.09 432 1.00 432.00 JPY

Energy 3 0.42 2,104SHOWA SHELL SEKIYU KK 0.22 1,090 1.00 1,090.00 JPYJX HOLDINGS INC 0.10 516 1.00 516.00 JPYINPEX CORP 0.10 498 0.40 1,245.00 JPY

Consumer Staples 18 8.64 42,956UNY GROUP HOLDINGS CO LTD 0.15 739 1.00 739.00 JPYTAKARA HOLDINGS INC 0.19 938 1.00 938.00 JPYSHISEIDO CO LTD 0.56 2,772 1.00 2,771.50 JPYSEVEN & I HOLDINGS CO LTD 1.10 5,453 1.00 5,453.00 JPYSAPPORO HOLDINGS LTD 0.11 543 1.00 543.00 JPYNISSHIN SEIFUN GROUP INC 0.39 1,919 1.00 1,919.00 JPY

NIPPON SUISAN KAISHA LTD 0.09 438 1.00 438.00 JPYNICHIREI CORP 0.16 788 1.00 788.00 JPYNH FOODS LTD 0.47 2,346 1.00 2,346.00 JPYMEIJI HOLDINGS CO LTD 0.40 1,968 0.20 9,840.00 JPYMARUHA NICHIRO CORP 0.04 192 0.10 1,920.00 JPYKIRIN HOLDINGS CO LTD 0.35 1,733 1.00 1,733.00 JPYKIKKOMAN CORP 0.80 3,960 1.00 3,960.00 JPYKAO CORP 1.25 6,221 1.00 6,221.00 JPYJAPAN TOBACCO INC 0.89 4,407 1.00 4,407.00 JPYASAHI GROUP HOLDINGS LTD 0.79 3,928 1.00 3,928.00 JPYAJINOMOTO CO INC 0.55 2,712 1.00 2,712.00 JPYAEON CO LTD 0.38 1,900 1.00 1,900.00 JPY

Consumer Discretionary 31 23.12 114,974YOKOHAMA RUBBER CO LTD 0.21 1,057 0.50 2,114.00 JPYYAMAHA CORP 0.60 2,996 1.00 2,996.00 JPYUNITIKA LTD 0.01 59 1.00 59.00 JPYTOYOTA MOTOR CORP 1.55 7,692 1.00 7,692.00 JPYTOKYO DOME CORP 0.12 574 1.00 574.00 JPYTOHO CO LTD 0.07 336 0.10 3,360.00 JPYTAKASHIMAYA CO LTD 0.22 1,073 1.00 1,073.00 JPYSUZUKI MOTOR CORP 0.76 3,770 1.00 3,770.00 JPYSUMITOMO ELECTRIC INDUSTRIES 0.34 1,713 1.00 1,713.00 JPYSONY CORP 0.62 3,091 1.00 3,091.00 JPYSKY PERFECT JSAT HOLDINGS 0.01 63 0.10 628.00 JPYSHARP CORP 0.03 128 1.00 128.00 JPYSEKISUI HOUSE LTD 0.43 2,114 1.00 2,113.50 JPYPIONEER CORP 0.07 363 1.00 363.00 JPYPANASONIC CORP 0.27 1,362 1.00 1,362.00 JPYNISSAN MOTOR CO LTD 0.25 1,262 1.00 1,262.00 JPYNIKON CORP 0.33 1,619 1.00 1,619.00 JPYMITSUBISHI MOTORS CORP 0.02 110 0.10 1,095.00 JPYMAZDA MOTOR CORP 0.10 514 0.20 2,567.50 JPYMARUI GROUP CO LTD 0.37 1,858 1.00 1,858.00 JPYJ FRONT RETAILING CO LTD 0.19 951 0.50 1,902.00 JPY

ISUZU MOTORS LTD 0.14 683 0.50 1,366.50 JPYISETAN MITSUKOSHI HOLDINGS L 0.36 1,777 1.00 1,777.00 JPYHONDA MOTOR CO LTD 1.60 7,980 2.00 3,990.00 JPYHASEKO CORP 0.06 275 0.20 1,373.00 JPYFUJI HEAVY INDUSTRIES LTD 1.02 5,064 1.00 5,064.00 JPYFAST RETAILING CO LTD 9.40 46,720 1.00 46,720.00 JPYDENTSU INC 1.38 6,840 1.00 6,840.00 JPYDENSO CORP 1.17 5,837 1.00 5,837.00 JPYCASIO COMPUTER CO LTD 0.55 2,740 1.00 2,740.00 JPYBRIDGESTONE CORP 0.88 4,355 1.00 4,355.00 JPY

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG,

SummaryPortfo NKYBench(None)Start /2015End D/2015Curre JPYPrice imaryReturnntageMethoReturn

Return SummaryReturn Summary

Portfo 8.11Active Return

PORT Attribution Summary: Return Summary (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in

SummaryPortfo NKYBench(None)Start /2015End D/2015Curre JPYPrice imaryReturnntageMethoReturn

Active Re

Active Return

PORT Attribution Summary: Active Return Attribution Summary (12/05/2015 14:01:00)

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated

SummaryUser YAOPortfo NKYBenchmarkAs Of /2015Curre JPY

SectorPortUtiliti 0.29Energ 0.42Financ 6.18Materi 7.59Telec 7.76Consu 8.64Healt ###Infor ###Indust ###Consu ###

Top 10 HoldingsValue

FAST 9.40FANUC4.44SOFTB 3.85KDDI 3.67KYOCE2.31DAIKI 1.76NITTO 1.73TDK C 1.73

PORT Allocation Summary Report: Allocation Summary (12/05/2015 14:01:00)

ASTEL 1.72SECOM1.69

Bottom 10 HoldingsValue

SOJIT 0.01UNITI 0.01RESON0.01SKY P 0.01TOKYO0.02NIPPO 0.02MITSU 0.02SUMC 0.03SHARP0.03HITAC 0.03

The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in