JAPANESE SMALLER COMPANIES FUND.

The Japanese Smaller Companies Fund aims to produce attractive capital growth over the long term. To invest in any economic sector in Japan, either directly or indirectly. Investment will be mainly in shares of smaller companies. The Fund’s share price can be volatile due to movements in the prices of the underlying holdings and the basis on which the Fund is priced. The value of investments and any income from them may go down as well as up and you may not get back the amount originally invested.