29 March, 2021 Pictet- Japanese Equity Opportunities P EUR This fund is managed by Pictet Asset Management (Europe) S.A. EFC Classification Equity Price +/- Date 52wk range 104.46 EUR 1.47 26/03/2021 72.13 104.99

Issuer Profile Administrator Pictet Asset Management (Europe) S.A. This Compartment aims to enable investors to participate in the growth in the Japanese Address 15, avenue J.F. Kennedy 1855 equity market. The Compartment will seek to maximise the total return in terms of Japanese yen through capital gains from investment in a broadly diversified portfolio of City Luxemburg Japanese equities. Dependent on market opportunities, the Compartment may Tel/Fax +352 467 171-1 additionally maximise the potential for alpha generation through the use of paired Website www.assetmanagement.pictet long/short positions. Paired long/short positions refers to a strategy made up of long positions relative to short positions via derivative instruments, as authorised in the investment restrictions. Under normal market conditions, the net exposure of the portion General Information invested in equities, thus the net sum of long and short positions should be close to 100% ISIN LU0255979402 of the net assets, which is close to the exposure in a traditional “long only” fund. However, Fund Type Capitalization the Compartment may hold a maximum of 150% in long positions and up to 50% in short Quote Frequency daily positions The Compartment will invest a minimum of... Quote Currency EUR Currency JPY Chart 5 year Foundation Date 16/02/1999 Fund Manager Adrian Hickey Legal Type Investment company according to Luxembourg law 100 UCITS Yes Financial Year End 30/09/2020 Fund size 6,849,192.80 EUR 90 Minimal Order 80 Costs Entry fee 5.00 % 70 Exit fee 3.00 % Operation costs 1.20 % Ongoing charges 1.58 % 60

50 2017 2018 2019 2020 2021 Infront Finance 38 Days 200 Days

Fund Returns 2016 2017 2018 2019 2020 2021 Returns 7.53 14.45 -14.08 21.59 7.25 8.91 Category Average 4.29 2188167.99 -12.87 20.56 5.14 7.73 Category Ranking 207 / 867 379 / 992 656 / 1054 606 / 1259 490 / 1414 495 / 1520

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Returns Category Average

Fund Ratios (end previous month) Timing YTD 1 month 6 months 1 year 3 year 5 year Performance Pictet- Japanese Equity Opportunities P EUR 2.23 % 2.31 % 20.10 % 21.53 % 4.78 % 10.03 % Volatility Pictet- Japanese Equity Opportunities P EUR 21.09 % 16.07 % 13.86 % 29 March, 2021 Pictet- Japanese Equity Opportunities P EUR This fund is managed by Pictet Asset Management (Europe) S.A. EFC Classification Equity Japan Price +/- Date 52wk range 104.46 EUR 1.47 26/03/2021 72.13 104.99

Participations (30/09/2020)

MITSUBISHI CORP Participation Percentage Motor Mitsubishi UFJ FinancialM GITroSuUpBISHI CORP Toyota Motor 4.44 % Toyota Motor LTD 2.69 % Mitsubishi UFJ Financial Group Shin-etsu chemical 2.68 % Nippon Telegraph and Telephone Corp. 2.56 % HITACHI LTD Nippon Telegraph and Telephone Fudosan -EUR- 2.38 % HITACHI LTD KAO CORP 2.18 % LTD SEKISUI HOUSE LTD 2.15 % SEKISUI HOUSE LTD Nippon Telegraph and Telephone 2.10 % Shin-etsu chemical Mitsubishi UFJ Financial Group 2.06 % KAO CORP Shin-etsu chemical MITSUBISHI CORP 1.93 % KMAiOts CuOi FRuPdosan -EUR- Sony Corp.

Mitsui Fudosan -EUR- Sony Corp.

Sector composition (30/09/2020)

Other Real Estate Other Telecommunication Services Information Technology Sector Percentage Real Estate Health Care Information Technology 25.53 % Telecommunication Services Information Technology Consumer Discretionary 21.25 % Materials Health Care Industrials 20.54 % Consumer Staples Financials 10.61 % Materials Consumer Staples 6.72 % Consumer Staples Materials 4.31 % Financials Health Care 3.72 % Financials Telecommunication Services 3.54 % Real Estate 2.38 % Other 0.92 % Consumer Discretionary Consumer Discretionary Industrials

Industrials