TOBAM Maximum Diversification Japan JPY 30/12/2019 Instrument Weight COSMO ENERGY HOLDINGS CO LTD 0.05% IDEMITSU KOSAN CO LTD 0.46% INPEX HOLDINGS INC 0.47% JX HOLDINGS INC 0.35% DAICEL CHEMICAL INDUSTRIES 0.07% DOWA HOLDINGS CO LTD 0.05% HITACHI CHEMICAL CO LTD 0.38% HITACHI METALS LTD 0.05% JSR CORP 0.09% KANSAI PAINT CO LTD 0.14% KOBE STEEL LTD 0.05% MITSUBISHI MATERIALS CORP 0.08% NIPPON KAYAKU CO LTD 0.05% NIPPON PAINT CO LTD 0.23% NIPPON PAPER INDUSTRIES CO L 0.24% NIPPON SHOKUBAI CO LTD 0.18% NISSAN CHEMICAL INDUSTRIES 0.12% NITTO DENKO CORP 0.05% OJI PAPER CO LTD 0.13% SHOWA DENKO K K 0.10% SUMITOMO METAL MINING CO LTD 0.20% TAIHEIYO CEMENT CORP 0.05% TAIYO NIPPON SANSO CORP 0.30% TOKAI CARBON CO LTD 0.93% TORAY INDUSTRIES INC 0.26% TOYO SEIKAN KAISHA LTD 0.07% ALL NIPPON AIRWAYS CO LTD 0.27% CENTRAL JAPAN RAILWAY CO 0.02% COMSYS HOLDINGS CORP 0.09% FANUC LTD 0.38% HINO MOTORS LTD 0.07% HOSHIZAKI CORP 1.50% IHI CORP 0.08% ITOCHU CORP 0.16% TOBAM Maximum Diversification Japan JPY 30/12/2019 Instrument Weight JAPAN AIRLINES CO LTD 0.49% JGC HOLDINGS CORP 0.09% JS GROUP CORP 0.85% KEIHAN ELECTRIC RAILWAY CO 0.13% KEIO CORP 0.18% KINTETSU CORP 0.26% KOMATSU LTD 0.07% KYOWA EXEO CORP 0.06% KYUSHU RAILWAY COMPANY 0.13% MAKITA CORP 0.22% MITSUBISHI CORP 0.69% MITSUBISHI HEAVY INDUSTRIES 0.31% NAGOYA RAILROAD CO LTD 0.14% NANKAI ELECTRIC RAILWAY CO 0.08% OBAYASHI CORP 0.13% ODAKYU ELECTRIC RAILWAY CO 0.20% PARK24 CO LTD 1.15% RECRUIT HOLDINGS CO LTD 0.10% SANKYU INC 0.07% SECOM CO LTD 0.06% SEIBU HOLDINGS INC 0.09% SEINO HOLDINGS CO LTD 0.05% SG HOLDINGS CO LTD 0.22% SHIMIZU CORP 0.15% SMS CO LTD 0.11% SOHGO SECURITY SERVICES CO 0.10% TAISEI CORP 0.21% TOKYU CORP 0.29% WEST JAPAN RAILWAY CO 0.40% YAMATO HOLDINGS CO LTD 0.15% YASKAWA ELECTRIC CORP 0.06% ABC-MART INC 1.10% AISIN SEIKI CO LTD 0.16% ASICS CORP 1.31% BENESSE HOLDINGS INC 0.06% BRIDGESTONE CORP 0.14% CASIO COMPUTER CO LTD 0.11% TOBAM Maximum Diversification Japan JPY 30/12/2019 Instrument Weight FAST RETAILING CO LTD 1.47% FUJI HEAVY INDUSTRIES LTD 0.40% GOLDWIN INC 0.34% HIKARI TSUSHIN INC 0.13% ISETAN MITSUKOSHI HOLDINGS L 0.08% IZUMI CO LTD 0.04% K'S HOLDINGS CORP 1.27% MARUI GROUP CO LTD 0.33% MITSUBISHI MOTORS CORP 0.28% NAMCO BANDAI HOLDINGS INC 1.49% NISSAN MOTOR CO LTD 0.36% NITORI CO LTD 1.46% ORIENTAL LAND CO LTD 0.70% PAN PACIFIC INTERNATIONAL HO 1.49% RAKUTEN INC 1.04% RINNAI CORP 0.07% RYOHIN KEIKAKU CO LTD 0.15% SANKYO CO LTD 0.04% SEGA SAMMY HOLDINGS INC 0.45% SEKISUI HOUSE LTD 0.07% SHARP CORP 0.10% SHIMAMURA CO LTD 0.95% SHIMANO INC 0.33% SKYLARK CO LTD 1.45% SONY CORP 1.40% SUMITOMO RUBBER INDUSTRIES 0.06% SUSHIRO GLOBAL HOLDINGS LTD 0.79% SUZUKI MOTOR CORP 1.44% TAKASHIMAYA CO LTD 0.04% YAMADA DENKI CO LTD 1.51% YAMAHA CORP 0.24% ZENSHO CO LTD 0.44% ZOZO INC 0.97% AIN PHARMACIEZ INC 0.89% AJINOMOTO CO INC 0.24% ASAHI BREWERIES LTD 0.50% CALBEE INC 0.34% TOBAM Maximum Diversification Japan JPY 30/12/2019 Instrument Weight COCA-COLA WEST HOLDINGS CO L 0.54% COSMOS PHARMACEUTICAL CORP 0.99% EZAKI GLICO CO LTD 0.89% FAMILYMART CO LTD 1.54% FANCL CORP 0.05% GROWELL HOLDINGS CO LTD 0.08% HOUSE FOODS CORPORATION 0.01% KAO CORP 0.95% KEWPIE CORP 0.11% KIRIN HOLDINGS CO LTD 0.48% KOSE CORP 0.04% LAWSON INC 1.41% LION CORP 1.14% MEIJI HOLDINGS CO LTD 0.23% MORINAGA & CO LTD 0.05% NH FOODS LTD 0.17% NICHIREI CORP 0.74% NISSHIN SEIFUN GROUP INC 0.02% PIGEON CORP 0.07% POLA ORBIS HOLDINGS INC 0.05% SEVEN & I HOLDINGS CO LTD 0.71% SHISEIDO CO LTD 0.72% SUGI HOLDINGS CO LTD 0.05% SUNDRUG CO LTD 0.06% SUNTORY BEVERAGE & FOOD LTD 0.24% TAKARA HOLDINGS INC 0.26% TOYO SUISAN KAISHA LTD 0.19% TSURUHA HOLDINGS INC 0.12% UNICHARM CORP 0.35% YAMAZAKI BAKING CO LTD 1.27% ASAHI INTECC CO LTD 1.13% ASTELLAS PHARMA INC 0.35% CHUGAI PHARMACEUTICAL CO LTD 0.29% DAIICHI SANKYO CO LTD 1.08% EISAI CO LTD 0.64% HOYA CORP 0.39% KYOWA KIRIN CO LTD 0.15% TOBAM Maximum Diversification Japan JPY 30/12/2019 Instrument Weight NIHON KOHDEN CORP 1.20% NIPPON SHINYAKU CO LTD 0.13% NIPRO CORP 0.04% OLYMPUS CORP 0.78% ONO PHARMACEUTICAL CO LTD 0.04% OTSUKA HOLDINGS CO LTD 0.20% PEPTIDREAM INC 0.21% SAWAI PHARMACEUTICAL CO LTD 1.16% SHIONOGI & CO LTD 0.03% SUMITOMO DAINIPPON PHARMA CO 1.45% SUZUKEN CO LTD 0.07% SYSMEX CORP 0.64% TAKEDA PHARMACEUTICAL CO LTD 1.47% TERUMO CORP 0.09% AOZORA BANK LTD 0.08% CHIBA BANK LTD/THE 0.10% CONCORDIA FINANCIAL GROUP LT 0.12% CREDIT SAISON CO LTD 0.19% DAI-ICHI LIFE INSURANCE 0.07% FUKUOKA FINANCIAL GROUP INC 0.09% HACHIJUNI BANK LTD/THE 0.05% JAPAN POST BANK CO LTD 0.10% JAPAN POST HOLDINGS CO LTD 0.49% JAPAN POST INSURANCE CO LTD 0.99% MILLEA HOLDINGS INC 0.08% MITSUBISHI UFJ FINANCIAL GRO 0.08% MITSUI SUMITOMO INSURANCE GR 0.41% MITSUI TRUST HOLDINGS INC 0.21% MIZUHO FINANCIAL GROUP INC 0.76% NKSJ HOLDINGS INC 0.34% NOMURA HOLDINGS INC 0.10% ORIX CORP 0.16% RESONA HOLDINGS INC 0.26% SBI HOLDINGS INC 0.08% SEVEN BANK LTD 0.42% SHINSEI BANK LTD 0.09% SHIZUOKA BANK LTD/THE 0.09% TOBAM Maximum Diversification Japan JPY 30/12/2019 Instrument Weight SONY FINANCIAL HOLDINGS INC 0.09% SUMITOMO MITSUI FINANCIAL GR 0.05% ADVANTEST CORP 1.06% ALPS ELECTRIC CO LTD 0.12% AMANO CORP 0.05% ANRITSU CORP 0.07% DAINIPPON SCREEN MFG CO LTD 0.33% DISCO CORP 0.17% FUJIFILM HOLDINGS CORP 0.06% FUJITSU LTD 0.70% GMO PAYMENT GATEWAY INC 0.28% HITACHI HIGH-TECHNOLOGIES CO 0.12% IBIDEN CO LTD 0.37% IT HOLDINGS CORP 0.12% ITOCHU TECHNO-SOLUTIONS CORP 0.07% KONICA MINOLTA HOLDINGS INC 0.08% LASERTEC CORP 0.34% MURATA MANUFACTURING CO LTD 1.00% NEC CORP 0.92% NET ONE SYSTEMS CO LTD 0.06% NIHON UNISYS LTD 0.18% NOMURA RESEARCH INSTITUTE 0.12% OBIC CO LTD 0.22% ORACLE CORP JAPAN 0.08% OTSUKA CORP 0.57% RENESAS ELECTRONICS CORP 0.13% RICOH CO LTD 0.41% ROHM CO LTD 0.16% SEIKO EPSON CORP 0.11% SUMCO CORP 0.16% SUMISHO COMPUTER SYSTEMS 0.06% TAIYO YUDEN CO LTD 0.36% TDK CORP 0.12% TOKYO ELECTRON LTD 0.85% TREND MICRO INC 0.18% ULVAC INC 0.05% CAPCOM CO LTD 0.77% TOBAM Maximum Diversification Japan JPY 30/12/2019 Instrument Weight CYBERAGENT INC 0.17% DAIICHIKOSHO CO LTD 0.05% DENA CO LTD 0.84% DENTSU GROUP INC 0.20% FUJI TELEVISION NETWORK INC 0.06% KAKAKU.COM INC 0.08% KDDI CORP 1.53% KONAMI CORP 0.27% NEXON CO LTD 1.42% NINTENDO CO LTD 1.44% NIPPON TELEGRAPH & TELEPHONE 1.46% NIPPON TELEVISION NETWORK 0.05% NTT DOCOMO INC 0.81% SOFTBANK GROUP CORP 1.61% SQUARE ENIX CO LTD 0.60% TOHO CO LTD 0.46% Z HOLDINGS CORP 1.81% CHUBU ELECTRIC POWER CO INC 0.27% KANSAI ELECTRIC POWER CO INC 0.84% KYUSHU ELECTRIC POWER CO INC 0.10% OSAKA GAS CO LTD 0.20% TOHO GAS CO LTD 0.16% TOHOKU ELECTRIC POWER CO INC 0.12% TOKYO ELECTRIC POWER CO INC 0.17% TOKYO GAS CO LTD 0.26% AEON MALL CO LTD 0.05% DAITO TRUST CONSTRUCT CO LTD 1.34% DAIWA HOUSE INDUSTRY CO LTD 0.08% HULIC CO LTD 0.12% MITSUBISHI ESTATE CO LTD 0.54% MITSUI FUDOSAN CO LTD 0.17% NOMURA REAL ESTATE HOLDINGS 0.07% SUMITOMO REALTY & DEVELOPMNT 0.30% TOKYO TATEMONO CO LTD 0.08% TOKYU FUDOSAN HOLDINGS CORP 0.11% TOBAM Maximum Diversification Japan JPY 30/12/2019 Instrument Weight 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