# Exposure and Risk Analysis5
Headline Equity Exposure	Top 10 Holdings
5
Issuer Name	Fund
|  |  |  |  |
| --- | --- | --- | --- |
| No of positions | 48 |  | MITSUBISHI ESTATE CO LTD	4.92% NOMURA HOLDINGS INC	3.86% |
|  |  |  |  |
| Active Share | 75.42% |  | SUMITOMO MITSUI TRUST HOLDINGS INC	3.85% |
| Cash | 1.11% |  | SOFTBANK GROUP CORP.	3.60% |
|  |  |  | PANASONIC HOLDINGS CORPORATION	3.42% |
| Top 10 | 35.30% |  | MIZUHO FINANCIAL GROUP, INC.	3.35% |
| Top 20 | 60.09% |  | TOYOTA MOTOR CORPORATION	3.31% |
|  |  |  |  |
| Top 30 | 80.44% |  | SONY GROUP CORPORATION	3.18% |

NISSAN MOTOR CO LTD	2.98%
SEVEN & I HOLDINGS CO LTD	2.83%
Top 10 Country Exposure	Sector Exposure
Automobiles & Transportation Equipment
Raw Materials & Chemicals Electric Appliances & Precision Instruments
Real Estate
Financials ex Banks
1.78%
11.37%
9.40%
11.19%
6.56%
11.17%
9.14%
9.13%
19.63%
Japan
98.89%
00.00%
Banks IT & Services, Others Transportation & Logistics Construction & Materials
Machinery Retail Trade Energy Resources Pharmaceuticals
Steel & Nonferrous Metals
Foods Commercial & Wholesale Trade
Electric Power & Gas
4.39%
8.42%
7.18%
8.37%
14.79%
6.83%
4.13%
6.52%
3.46%
4.73%
5.22%
2.89%
4.28%
2.79%
0.85%
2.62%
4.76%
2.41%
1.66%
0.71%
3.52%
0.58%
7.03%
0.02%
1.38%
Fund	BM1
Fund	BM1
Top Active Equity Positions
5	
Equity Exposure By Market Cap
| Top 5 Overweights | Relative Exposure |
| --- | --- |
| MITSUBISHI ESTATE CO LTD | 4.54% |
| NOMURA HOLDINGS INC | 3.57% |
| SUMITOMO MITSUI TRUST HOLDINGS INC | 3.56% |
| PANASONIC HOLDINGS CORPORATION | 2.89% |
| NISSAN MOTOR CO LTD | 2.74% |

| Market Cap | Fund Exposure | Benchmark Exposure |
| --- | --- | --- |
| $0 - $0.25Bn | 0.02% | 1.30% |
| $0.25Bn - $2Bn | 1.04% | 9.53% |
| $2Bn - $10Bn | 22.61% | 21.47% |
| $10Bn - $50Bn | 58.86% | 34.99% |
| $50Bn + | 16.36% | 32.71% |

| Top 5 Underweights | Relative Exposure |
| --- | --- |
| KEYENCE CORPORATION | -1.85% |
| NIPPON TELEGR & TELEPH | -1.51% |
| TOKYO ELECTRON LIMITED | -1.49% |
| SUMITOMO MITSUI FINANCIAL GROUP, INC. | -1.49% |
| SHIN-ETSU CHEMICAL CO | -1.38% |

Impact Data
6
| Fund ESG Score | 75.04 | Benchmark ESG Score | 70.38 |
| --- | --- | --- | --- |
| Fund Sustainalytics Risk Rating | 24.66 | Benchmark Sustainalytics Risk Rating | 23.71 |
| Fund Weighted Average Carbon Intensity | 86.10 | Benchmark Weighted Average Carbon Intensity | 90.35 |

NAV
7
| Class | NAV | ISIN | Minimum Initial | Minimum Additional | OCF 8 | Performance Fee 9 | Management Fee |
| --- | --- | --- | --- | --- | --- | --- | --- |
| D JPY | 32,021.00 | IE00B5649C52 | 500,000 | n/a | 1.71% | n/a | 1.50% |
| D EUR | 137.54 | IE00BYVDZH74 | 1,000 | n/a | 1.71% | n/a | 1.50% |
| D EUR G-Dist Q | 108.46 | IE00BZ7PF968 | 1,000 | n/a | 1.71% | n/a | 1.50% |
| D H CHF | 345.30 | IE00B46RNT22 | 1,000 | n/a | 1.71% | n/a | 1.50% |
| D H EUR | 279.22 | IE00B5648R31 | 1,000 | n/a | 1.71% | n/a | 1.50% |
| D H GBP | 283.33 | IE00B665M716 | 1,000 | n/a | 1.71% | n/a | 1.50% |
| D H USD | 331.31 | IE00B56CKP98 | 1,000 | n/a | 1.71% | n/a | 1.50% |
| D USD | 144.27 | IE00BP4VM748 | 1,000 | n/a | 1.71% | n/a | 1.50% |
| I EUR | 266.51 | IE00B45R5B91 | 1,000,000 | n/a | 0.96% | n/a | 0.75% |
| I EUR Net-Dist A | 117.74 | IE00BZ6S5189 | 1,000,000 | n/a | 0.96% | n/a | 0.75% |
| I GBP | 260.66 | IE00B62QF466 | 1,000,000 | n/a | 0.96% | n/a | 0.75% |
| I H CHF | 383.70 | IE00B464TQ22 | 1,000,000 | n/a | 0.96% | n/a | 0.75% |
| I H EUR | 310.86 | IE00B578XK25 | 1,000,000 | n/a | 0.96% | n/a | 0.75% |
| I H EUR Net-Dist A | 188.30 | IE00BD82R418 | 1,000,000 | n/a | 0.96% | n/a | 0.75% |
| I H GBP | 327.84 | IE00B64XDT64 | 1,000,000 | n/a | 0.96% | n/a | 0.75% |
| I H GBP Net-Dist A | 202.69 | IE00BJ3VGM63 | 1,000,000 | n/a | 0.96% | n/a | 0.75% |
| I H USD | 373.43 | IE00B5646799 | 1,000,000 | n/a | 0.96% | n/a | 0.75% |
| I H USD Net-Dist A | 224.85 | IE00BJ3VGN70 | 1,000,000 | n/a | 0.96% | n/a | 0.75% |
| I JPY | 35,501.00 | IE00B5649G90 | 100,000,000 | n/a | 0.96% | n/a | 0.75% |
| I JPY Net-Dist A | 17,123.00 | IE00BJ3VGK40 | 100,000,000 | n/a | 0.96% | n/a | 0.75% |
| I SEK | 213.14 | IE00B43JT264 | 5,000,000 | n/a | 0.96% | n/a | 0.75% |
| I USD | 196.06 | IE00B3QXQG18 | 1,000,000 | n/a | 0.96% | n/a | 0.75% |
| I USD Net-Dist A | 108.93 | IE00BJ3VGL56 | 1,000,000 | n/a | 0.96% | n/a | 0.75% |
| IXX H CHF | 143.69 | IE000FRITS42 | 300,000,000 | n/a | 0.76% | n/a | 0.55% |
| IXX H EUR | 144.98 | IE00BF2S5F66 | 300,000,000 | n/a | 0.76% | n/a | 0.75% |
| IXX H EUR Net-Dist A | 151.73 | IE00BDFF1S55 | 300,000,000 | n/a | 0.76% | n/a | 0.75% |
| IXX H GBP Net-Dist A | 166.51 | IE00BDFF1T62 | 300,000,000 | n/a | 0.76% | n/a | 0.75% |
| IXX H USD | 115.93 | IE00BF2S5H80 | 300,000,000 | n/a | 0.76% | n/a | 0.75% |
| IXX H USD Net-Dist A | 133.85 | IE00BDFF1V84 | 300,000,000 | n/a | 0.76% | n/a | 0.75% |
| IXX JPY | 14,945.00 | IE00BF2S5G73 | 36,000,000,000 | n/a | 0.76% | n/a | 0.75% |

Please note, shareclass specific performance can be found at; https://www.man.com/products/8470
Dealing Terms
| Valuation Frequency | Daily |
| --- | --- |
| Dealing Frequency | Daily |
| Subscription | Before 13:00 (Dublin) on dealing day |
| Redemption | Before 13:00 (Dublin) on dealing day |
| Management Company | Man Asset Management (Ireland) Limited |

1 
Please note all performance statistics and charts are based on the lead reporting shareclass. Performance data is shown net o f fees with income reinvested, and does not take into account sales and redemption charges where such costs are applicable. Returns are calculated net of management fees and any applicable performance fees. Other share classes may charge higher fees.
2 
Fund Size represents the combined AUM of all share-classes in the Portfolio.
The Fund promotes, among other characteristics, environmental or social characteristics within meaning of Article 8 of the Su stainable Finance Disclosure Regulation (SFDR) on sustainability-related disclosures in the financial services sector.
3 
Awards and/or ratings are for information purposes only and should not be construed as an endorsement of any Man Group compan y nor or of their products or services. Please refer to the websites of the sponsors/issuers for information regarding the criteria on which the awards/ratings are determined.
© 2023 Morningstar UK Ltd. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or it s content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guara ntee of future results.
Morningstar Overall Rating is for the Man GLG Japan CoreAlpha Equity D JPY share class only; other classes may have different performance characteristics. Out of 1055 Japan Large-Cap Equity funds.
4 
Sharpe ratio is calculated using a risk-free rate in the appropriate currency over the period analysed. Where an investment has underperformed the risk -free rate, the Sharpe ratio will be negative. Because the Sharpe ratio is an absolute measure of risk -adjusted return, negative Sharpe ratios are not shown as they can be misleading.
5 
The organisations and/or financial instruments mentioned are for reference purposes only. The content of this material should not be construed as a recommendation for their purchase or sale.
6 
Data provided by MSCI. Please note the MSCI ESG score is rebased to 100%.
Weighted average carbon intensity represents the exposure to carbon -intensive companies, expressed in tons CO2e / $M revenue. Data provided by Trucost & Sustainalytics, calculated using the TCFD methodology.
Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry -specific material ESG risks and how well a company is managing those risks. A company’s
ESG Risk Rating score is assigned to one of five risk categories: Ne gligible Risk (Overall Score of 0 -9.99 points), Low Risk (10 -19.99 points), Medium Risk (20 -29.99 points), High Risk (30 -39.99 points) & Severe Risk (40 and higher points).
Index positions are not decomposed
The Fund promotes, among other characteristics, environmental or social characteristics within meaning of Article 8 of the Sustainable Finance Disclosure Regulation (SFDR) on sustainability-related disclosures in the financial services sector.
7 
The share class in blue in the table is the reporting share class for the Fund and may be closed to new subscriptions.
8 
Ongoing Charges Figure (‘OCF’): A variable charge payable over a year, normally based on expenses to the Fund as of the previ ous accounting year. It excludes Performance Fees (if applicable) but includes the Management Fee.
9 
Performance Fee (up to): The payment made to an Investment Manager if certain performance levels are achieved (often over and above any levels set out in the investment objective) within a set time period.

Translation (ENES, 2023-11-30):
# Análisis de exposición y riesgo5
Título Equity Exposición	Las 10 principales participaciones
5
Nombre del emisor	Fondo
|  |  |  |  |
| --- | --- | --- | --- |
| No de posiciones | 48 |  | MITSUBISHI ESTATE CO LTD	4.92% NOMURA HOLDINGS INC	3.86% |
|  |  |  |  |
| Compartir activo | 75.42% |  | SUMITOMO MITSUI TRUST HOLDINGS INC	3.85% |
| Dinero | 1.11% |  | SOFTBANK GROUP CORP.	3.60% |
|  |  |  | PANASONIC HOLDINGS CORPORATION	3.42% |
| 10 mejores | 35,30% |  | MIZUHO FINANCIAL GROUP, INC.	3.35% |
| 20 mejores | 60,09% |  | TOYOTA MOTOR CORPORATION	3.31% |
|  |  |  |  |
| 30 mejores | 80,44% |  | SONY GROUP CORPORATION	3.18% |

NISSAN MOTOR CO LTD	2.98%
SEVEN & I HOLDINGS CO LTD	2.83%
Los 10 países con mayor exposición	Exposición sectorial
Automóviles y Equipos de transporte Materias primas & Químicos
Electrodomésticos e instrumentos de…
Bienes raíces
1.78%
11.37%
9.40%
11.19%
6.56%
11.17%
9.14%
19.63%
Japón
98.89%
00.00%
Finanzas ex bancos
Bancos Informática y Servicios, Otros Transporte & Logística Materiales de construcción
Maquinaria Comercio al por menor Recursos energéticos
Farmacéuticos Acero y Metales no ferrosos
Alimentos
9.13%
4.39%
8.42%
7.18%
8.37%
6.83%
4.13%
6.52%
3.46%
4.73%
5.22%
2.89%
4.28%
2.79%
0.85%
2.62%
4.76%
2.41%
1.66%
0.71%
3.52%
14.79%
Comercio Comercial y Mayorista Energía Eléctrica y Gas
0.58%
0.02%
1.38%
7.03%
Fund	BM1
Fund	BM1
Principales posiciones de renta variable activas
5	
Exposición a la renta variable por capitalización de
mercado
| Los 5 mayores sobrepesos | Exposición relativa |
| --- | --- |
| MITSUBISHI ESTATE CO LTD | 4.54% |
| NOMURA HOLDINGS INC | 3.57% |
| SUMITOMO MITSUI TRUST HOLDINGS INC | 3.56% |
| PANASONIC HOLDINGS CORPORATION | 2.89% |
| NISSAN MOTOR CO LTD | 2.74% |

| Capitalización de Mercado | Exposición del fondo | Exposición de referencia |
| --- | --- | --- |
| $0 - $0.25Bn | 0.02% | 1.30% |
| $0.25Bn - $2Bn | 1.04% | 9.53% |
| $2Bn - $10Bn | 22.61% | 21.47% |
| $10Bn - $50Bn | 58.86% | 34.99% |
| $50Bn + | 16.36% | 32.71% |

| Las 5 principales infraponderaciones | Exposición relativa |
| --- | --- |
| KEYENCE CORPORATION | -1.85% |
| NIPPON TELEGR & TELEPH | -1.51% |
| TOKYO ELECTRON LIMITED | -1.49% |
| SUMITOMO MITSUI FINANCIAL GROUP, INC. | -1.49% |
| SHIN-ETSU CHEMICAL CO | -1.38% |

Impact Data
6
| Puntuación ESG del fondo | 75.04 | Puntuación ESG de referencia | 70.38 |
| --- | --- | --- | --- |
| Calificación de riesgo del Fondo según Sustainalytics | 24.66 | Calificación de riesgo de referencia de Sustainalytics | 23.71 |
| Intensidad de carbono media ponderada del Fondo | 86.10 | Intensidad de carbono media ponderada de referencia | 90.35 |

NAV
7
| Clase | NAV | ISIN | Rendimiento inicial mínimo | Rendimiento adicional mínimo | OCF 8 | Comisión de reembolso (hasta) 9 | Comisión de gestión |
| --- | --- | --- | --- | --- | --- | --- | --- |
| I JPY | 35.501,00 | IE00B5649G90 | 100.000.000 | n/a | 0.96% | n/a | 0.75% |
| D EUR | 137,54 | IE00BYVDZH74 | 1.000 | n/a | 1.71% | n/a | 1.50% |
| D EUR G-Dist Q | 108,46 | IE00BZ7PF968 | 1.000 | n/a | 1.71% | n/a | 1.50% |
| D H CHF | 345,30 | IE00B46RNT22 | 1.000 | n/a | 1.71% | n/a | 1.50% |
| D H EUR | 279,22 | IE00B5648R31 | 1.000 | n/a | 1.71% | n/a | 1.50% |
| D H GBP | 283,33 | IE00B665M716 | 1.000 | n/a | 1.71% | n/a | 1.50% |
| D H USD | 331,31 | IE00B56CKP98 | 1.000 | n/a | 1.71% | n/a | 1.50% |
| D JPY | 32.021,00 | IE00B5649C52 | 500.000 | n/a | 1.71% | n/a | 1.50% |
| D USD | 144,27 | IE00BP4VM748 | 1.000 | n/a | 1.71% | n/a | 1.50% |
| I EUR | 266,51 | IE00B45R5B91 | 1.000.000 | n/a | 0.96% | n/a | 0.75% |
| I EUR Net-Dist A | 117,74 | IE00BZ6S5189 | 1.000.000 | n/a | 0.96% | n/a | 0.75% |
| I GBP | 260,66 | IE00B62QF466 | 1.000.000 | n/a | 0.96% | n/a | 0.75% |
| I H CHF | 383,70 | IE00B464TQ22 | 1.000.000 | n/a | 0.96% | n/a | 0.75% |
| I H EUR | 310,86 | IE00B578XK25 | 1.000.000 | n/a | 0.96% | n/a | 0.75% |
| I H EUR Net-Dist A | 188,30 | IE00BD82R418 | 1.000.000 | n/a | 0.96% | n/a | 0.75% |
| I H GBP | 327,84 | IE00B64XDT64 | 1.000.000 | n/a | 0.96% | n/a | 0.75% |
| I H GBP Net-Dist A | 202,69 | IE00BJ3VGM63 | 1.000.000 | n/a | 0.96% | n/a | 0.75% |
| I H USD | 373,43 | IE00B5646799 | 1.000.000 | n/a | 0.96% | n/a | 0.75% |
| I H USD Net-Dist A | 224,85 | IE00BJ3VGN70 | 1.000.000 | n/a | 0.96% | n/a | 0.75% |
| I JPY Net-Dist A | 17.123,00 | IE00BJ3VGK40 | 100.000.000 | n/a | 0.96% | n/a | 0.75% |
| I SEK | 213,14 | IE00B43JT264 | 5.000.000 | n/a | 0.96% | n/a | 0.75% |
| I USD | 196,06 | IE00B3QXQG18 | 1.000.000 | n/a | 0.96% | n/a | 0.75% |
| I USD Net-Dist A | 108,93 | IE00BJ3VGL56 | 1.000.000 | n/a | 0.96% | n/a | 0.75% |
| IXX H CHF | 143,69 | IE000FRITS42 | 300.000.000 | n/a | 0.76% | n/a | 0.55% |
| IXX H EUR | 144,98 | IE00BF2S5F66 | 300.000.000 | n/a | 0.76% | n/a | 0.75% |
| IXX H EUR Net-Dist A | 151,73 | IE00BDFF1S55 | 300.000.000 | n/a | 0.76% | n/a | 0.75% |
| IXX H GBP Net-Dist A | 166,51 | IE00BDFF1T62 | 300.000.000 | n/a | 0.76% | n/a | 0.75% |
| IXX H USD | 115,93 | IE00BF2S5H80 | 300.000.000 | n/a | 0.76% | n/a | 0.75% |
| IXX H USD Net-Dist A | 133,85 | IE00BDFF1V84 | 300.000.000 | n/a | 0.76% | n/a | 0.75% |
| IXX JPY | 14.945,00 | IE00BF2S5G73 | 36.000.000.000 | n/a | 0.76% | n/a | 0.75% |

El rendimiento específico de la clase de acciones está disponible en:
https://www.man.com/products/8617
Términos de negociación
| Frecuencia de valoración | A diario |
| --- | --- |
| Frecuencia de negociación | A diario |
| Suscripciones | Antes 13:00 (Dublin) en la fecha de negociación |
| Reembolsos | Antes 13:00 (Dublin) en la fecha de negociación |
| Empresa de gestión | Man Asset Management (Ireland) Limited |

1 
Tenga en cuenta que todas las estadísticas y gráficos de rendimiento se basan en la clase de acciones de informes líder. Los datos de rendimiento se muestran netos de comisiones con ingresos reinvertidos y no tienen en cuenta los cargos de venta y reembols o cuando dichos costos sean aplicables. Las rentabilidades se calculan netas de las comisiones de gestión y de cualquier comisión de rendimiento aplicable. Otras clases de acciones pueden cobrar c omisiones más altas.
2 
El Tamaño del Fondo representa el AUM combinado de todas las clases de acciones de la Cartera.
Puede considerarse que el Fondo promueve, entre otros aspectos, las características medioambientales y sociales en el sentido del artículo 8 del SFDR
3 
Los premios y/o calificaciones tienen fines informativos únicamente y no deben interpretarse como un respaldo a ninguna empre sa de Man Group ni a sus productos o servicios. Consulte los sitios web de los patrocinadores/emisores para obtener información so bre los criterios sobre los cuales se determinan los premios/calificaciones.
© 2023 Todos los derechos están reservados. La información aquí contenida: (1) es propiedad de Morningstar y/o de sus proveed ores de contenidos; (2) no puede
copiarse ni distribuirse; y (3) no se garantiza que sea exacta, completa u oportuna. Ni Morningstar ni sus proveedores de contenidos son responsab les de los daños o pérdidas derivados del uso de esta información. Las rentabilidad pasada no garantiza la rentabilidad futura.
Morningstar Overall Rating Rating corresponde únicamente a la clase de participaciones Man GLG Japan CoreAlpha Equity I JPY; otr as clases pueden tener características de rentabilidad diferentes. Uno de los 1055 fondos Japan Large -Cap Equity.
4 
El ratio de Sharpe se calcula utilizando un tipo libre de riesgo en la moneda adecuada durante el período analizado. Cuando u na inversión ha tenido un rendimiento inferior al de la tasa libre de riesgo, el índice de Sharpe será negativo. Debido a que el í ndice de Sharpe es una medida absoluta del rendimiento ajustado al riesgo, los índices de Sharpe negativos no se muestran porque pueden ser engañosos.
5 
Las organizaciones y/o instrumentos financieros se mencionan con fines de referencia. El contenido de este material no debe i nterpretarse como una recomendación de compra o venta.
6 
Datos proporcionados por MSCI. Tenga en cuenta que la puntuación MSCI ESG se recalcula al 100 %.
La intensidad de carbono promedio ponderada representa la exposición a empresas intensivas en carbono, expresada en toneladas de CO2e/millones de dólares de ingresos. Datos proporcionados por Trucost & Sustainalytics, calculados mediante la metodología TCFD.
Las calificaciones de riesgo ESG de Sustainalytics miden la exposición de una empresa a riesgos ESG materiales específicos de la industria y qué tan bien una empresa gestiona esos riesgos. La puntuación de calificación de riesgo ESG de una empresa se asigna a una de cinco categorías de ries go: riesgo insignificante (puntuación
general de 0 a 9,99 puntos), riesgo bajo (de 10 a 19,99 puntos), riesgo medio (de 2 0 a 29,99 puntos), riesgo alto (de 30 a 19,99 puntos). 39,99 puntos) y Riesgo Severo (40 y más puntos).
Las posiciones del índice no están descompuestas
Puede considerarse que el Fondo promueve, entre otros aspectos, las características medioambientales y sociales en el sentido del artículo 8 del SFDR.
7 
La clase de acciones marcada en azul en la tabla es la clase de acciones declarante del Fondo y puede estar cerrada a nuevas suscripciones.
8 
Cifra de gastos corrientes (“OCF”): un cargo variable pagadero a lo largo de un año, normalmente basado en los gastos del Fon do a partir del año contable anterior. Excluye las comisiones de rentabilidad (si procede), pero incluye la comisión de gestión.
9 
Comisión de rendimiento (hasta): El pago realizado a un Gestor de inversiones si se alcanzan ciertos niveles de rendimiento ( a menudo por encima de cualquier nivel establecido en el objetivo de inversión) dentro de un período de tiempo determinado.