Morant Wright Sakura Fund

	2023	2022	2021	2020	2019
Japanese Yen	39.2%	6.3%	17.3%	-8.5%	12.8%
TOPIX (Net Total Return)	27.8%	-2.9%	12.4%	7.0%	17.7%
Euro (hedged)	44.0%	5.9%	16.5%	-10.1%	12.0%
Sterling (hedged)	27.8%	7.6%	17.0%	-10.1%	12.9%
Swiss Franc (hedged)	40.2%	5.9%	16.4%	-10.2%	11.7%
US Dollar (hedged)	45.8%	8.3%	17.4%	-8.5%	15.1%
Yen B shares	38.7%	6.6%	17.6%	-8.3%	13.1%

All performance information is calculated by Morant Wright Management Limited using share price data provided by Waystone Management Company (IE) Limited. Index data are taken from Bloomberg. Performance is based on the fund nav. Data is valid as of 31st December 2023 and was accurate at that date. Morant Wright Management has a statutory obligation to point out that the value of all investments and the income therefrom can go down as well as up and the investor may not get back the amount invested. This may be caused by exchange rate fluctuations. Past performance is not necessarily a guide to future performance. The term ‘absolute return’ refers to the return that an asset may achieve over a certain period of time. In this context viewed as a period of upto 5 years. It differs from the term ‘relative return’ which refers to the return a fund or asset will achieve relative to an index or other benchmark. The term ‘absolute return’ does not imply any guarantee or certainty that any particular rate of return will be achieved or that investors will get back the amount invested.

Share types and fees

*Japanese Yen B (Accumulation shares only): 0.75% Management Fee + Performance Fee of 15% of outperformance of TOPIX Total Return Index

Key Investor Information Documents can be found in the Share Types and Fees section.