ValueInvest LUX Japan

ValueInvest LUX Japan invests primarily in Japanese large cap companies and aims at long term high absolute returns in combination with a low downside risk. The management team pursues a value-driven systematic investment process to search for undervalued companies with high earnings stability and low net debt.

The portfolio construction is entirely bottom up and without any benchmark constraints.

The fund is a long only fund investing in Japanese equities.

Performance

Fund	Currency	ISIN	NAV Date	NAV	Var. %	YTD %
ValueInvest LUX Japan A C	EUR	LU0135991148	16-05-2012	138.68	-0.77%	1.29%
ValueInvest LUX Japan A D	EUR	LU0135990769	16-05-2012	138.68	-0.77%	1.29%
ValueInvest LUX Japan I C	EUR	LU0251045109	16-05-2012	140.59	-0.76%	1.63%

Upd: 18-05-2012	Nav	2012	2011*	2010	2009	2008	2007	2006	2005	2004
Japan	138.68	1.29%	4.97%	19.59%	0.76%	-0.17%	-21.69%	-3.68%	21.41%	15.79%
MSCI Japan		0.36%	-13.18%	23.51%	3.60%	-26.08%	-13.55%	-7.83%	44.75%	6.43%

Past performance is not necessarily a guide to future performance.