Nikkei Analysis

PORT Attribution Report: Attribution Summary (Grid) (12/05/2015 14:01:00)
Summary
User Name
YANKUN YAO
Portfolio
NKY
Start Date(Earliest Available) 9/1/2015
End Date
12/4/2015
Currency
JPY
Method
Total Return
Attribution Summary (Grid)

% Average Weight Contribution to Return (%) Total Return (%)
NKY
Consumer Discretionary
Industrials
Information Technology
Health Care
Consumer Staples
Telecommunication Services
Materials
Financials
Energy
Utilities
100.00
23.54
20.86
14.29
9.95
8.63
7.90
7.62
6.50
0.41
0.31
8.11
1.49
2.48
1.70
0.94
0.69
-0.09
0.77
0.11
0.04
-0.01
8.11
6.11
12.23
12.07
9.87
7.97
-0.77
9.94
1.43
9.29
-2.60
The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries
and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Se
Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP,
guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSION
ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaw
00)
Total Attribution (Alpha) (%) Allocation Effect (%) Selection Effect (%) Currency Effect (%)
omberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan
d service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP
ary legal clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or
ffiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG
trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.
PORT Attribution Report: Attribution Detail (All Securities, Including Buckets) (12/05/20
Summary
User Name
Portfolio
Start Date(Earliest Available)
End Date
Currency
Method
YANKUN YAO
NKY
9/1/2015
12/4/2015
JPY
Total Return
Attribution Detail (All Securities, Including Buckets)

NKY
FAST RETAILING CO LTD
HONDA MOTOR CO LTD
TOYOTA MOTOR CORP
DENTSU INC
DENSO CORP
FUJI HEAVY INDUSTRIES LTD
BRIDGESTONE CORP
SUZUKI MOTOR CORP
SONY CORP
YAMAHA CORP
CASIO COMPUTER CO LTD
SEKISUI HOUSE LTD
ISETAN MITSUKOSHI HOLDINGS L
SUMITOMO ELECTRIC INDUSTRIES
MARUI GROUP CO LTD
NIKON CORP
PANASONIC CORP
NISSAN MOTOR CO LTD
YOKOHAMA RUBBER CO LTD
100.00
23.54
9.79
1.63
1.55
1.37
1.17
0.97
0.90
0.81
0.68
0.61
0.49
0.41
0.39
0.35
0.33
0.33
0.28
0.25
0.23
8.11
1.49
-0.16
0.15
0.18
0.22
0.17
0.23
0.11
-0.02
0.02
0.09
0.11
0.08
-0.01
0.03
0.09
0.02
0.02
0.05
0.00
8.11
6.11
-1.60
9.10
11.44
16.78
14.79
26.18
12.30
-2.75
1.65
14.60
22.83
21.29
-2.63
8.73
30.37
7.17
5.85
22.16
-2.36
TAKASHIMAYA CO LTD
J FRONT RETAILING CO LTD
ISUZU MOTORS LTD
TOKYO DOME CORP
MAZDA MOTOR CORP
PIONEER CORP
TOHO CO LTD
HASEKO CORP
SHARP CORP
MITSUBISHI MOTORS CORP
UNITIKA LTD
SKY PERFECT JSAT HOLDINGS
Industrials
FANUC CORP
SECOM CO LTD
DAIKIN INDUSTRIES LTD
TOYOTA TSUSHO CORP
NGK INSULATORS LTD
YAMATO HOLDINGS CO LTD
MITSUBISHI CORP
CENTRAL JAPAN RAILWAY CO
KOMATSU LTD
JTEKT CORP
TOTO LTD
KUBOTA CORP
JGC CORP
HITACHI CONSTRUCTION MACHINE
MITSUBISHI LOGISTICS CORP
COMSYS HOLDINGS CORP
MITSUI & CO LTD
NISSHINBO HOLDINGS INC
ITOCHU CORP
KEISEI ELECTRIC RAILWAY CO
MINEBEA CO LTD
0.22
0.20
0.14
0.11
0.09
0.06
0.06
0.04
0.03
0.02
0.01
0.01
20.86
4.31
1.63
1.62
0.58
0.55
0.50
0.45
0.44
0.41
0.41
0.41
0.39
0.39
0.39
0.33
0.32
0.32
0.31
0.31
0.29
0.29
0.02
0.01
0.01
0.02
0.03
0.03
0.01
0.00
-0.01
0.00
0.00
0.00
2.48
0.67
0.21
0.39
0.03
0.05
0.02
-0.02
0.06
0.01
0.12
0.10
0.05
0.08
0.05
0.05
0.05
0.00
-0.01
0.02
0.04
-0.03
8.71
2.20
5.01
21.10
29.16
60.62
24.86
1.70
-25.58
22.20
-7.81
19.97
12.23
16.27
13.07
26.13
5.94
9.80
4.39
-4.49
14.16
2.60
31.57
26.05
12.80
20.97
14.76
14.76
16.64
0.59
-2.89
7.71
13.05
-9.23
HINO MOTORS LTD

NSK LTD
SUMITOMO CORP
MITSUBISHI ELECTRIC CORP
DAI NIPPON PRINTING CO LTD
ODAKYU ELECTRIC RAILWAY CO
EAST JAPAN RAILWAY CO
AMADA HOLDINGS CO LTD
SHIMIZU CORP
OBAYASHI CORP
TOPPAN PRINTING CO LTD
TOKYU CORP
KEIO CORP
OKUMA CORP
CHIYODA CORP
WEST JAPAN RAILWAY CO
TAISEI CORP
ASAHI GLASS CO LTD
KAJIMA CORP
MARUBENI CORP
MITSUBISHI HEAVY INDUSTRIES
FUJIKURA LTD
NIPPON EXPRESS CO LTD
NTN CORP
TOBU RAILWAY CO LTD
SUMITOMO HEAVY INDUSTRIES
EBARA CORP
FUJI ELECTRIC CO LTD
GS YUASA CORP
KAWASAKI HEAVY INDUSTRIES
JAPAN STEEL WORKS LTD
MEIDENSHA CORP
ANA HOLDINGS INC
IHI CORP
0.29
0.29
0.27
0.26
0.25
0.24
0.23
0.22
0.22
0.22
0.22
0.20
0.19
0.19
0.19
0.17
0.16
0.15
0.14
0.14
0.13
0.12
0.12
0.12
0.12
0.11
0.11
0.11
0.10
0.10
0.09
0.09
0.07
0.07
0.05
0.02
0.02
0.05
0.00
0.03
0.02
0.04
-0.03
0.02
0.03
0.02
0.02
0.04
0.04
0.00
0.00
0.00
0.01
0.01
0.02
0.03
0.00
0.00
0.02
0.01
0.03
0.02
0.01
0.01
0.01
0.02
0.00
-0.01
17.23
8.63
8.65
19.46
1.07
13.68
7.99
18.01
-10.77
9.65
14.39
12.90
12.71
22.04
23.56
-0.35
-0.73
1.85
8.21
6.44
14.64
23.28
0.49
0.77
14.02
13.54
28.80
19.10
7.60
8.96
16.87
25.12
0.79
-8.13
MITSUI OSK LINES LTD

TOSHIBA CORP
NIPPON YUSEN KK
KAWASAKI KISEN KAISHA LTD
FURUKAWA CO LTD
FURUKAWA ELECTRIC CO LTD
MITSUI ENGINEER & SHIPBUILD
NITTO BOSEKI CO LTD
HITACHI ZOSEN CORP
NIPPON SHEET GLASS CO LTD
SOJITZ CORP
KYOCERA CORP
TDK CORP
TOKYO ELECTRON LTD
NTT DATA CORP
CANON INC
FUJIFILM HOLDINGS CORP
TREND MICRO INC
ALPS ELECTRIC CO LTD
KONAMI HOLDINGS CORP
ADVANTEST CORP
TAIYO YUDEN CO LTD
YASKAWA ELECTRIC CORP
YOKOGAWA ELECTRIC CORP
KONICA MINOLTA INC
RICOH CO LTD
NIPPON ELECTRIC GLASS CO LTD
CITIZEN HOLDINGS CO LTD
SCREEN HOLDINGS CO LTD
HITACHI LTD
MITSUMI ELECTRIC CO LTD
FUJITSU LTD
DENA CO LTD
0.07
0.07
0.07
0.06
0.06
0.05
0.04
0.03
0.03
0.02
0.01
14.29
2.43
1.62
1.43
1.25
1.16
1.00
0.95
0.77
0.58
0.41
0.35
0.29
0.29
0.27
0.27
0.19
0.18
0.15
0.14
0.14
0.12
0.09
-0.01
-0.01
0.00
-0.01
-0.01
0.02
0.00
-0.04
0.00
0.00
0.00
1.70
0.00
0.35
0.42
0.09
0.04
0.04
0.22
0.01
0.08
0.08
0.12
0.06
0.03
0.01
0.03
0.04
0.01
0.07
0.02
0.00
0.01
-0.02
-6.70
-16.84
-0.24
-8.90
-17.24
42.78
7.45
-34.85
9.94
-4.72
12.81
12.07
-0.25
23.12
32.29
7.28
3.38
3.82
25.12
0.98
13.23
20.78
37.58
21.37
10.23
1.73
11.76
24.09
2.67
56.32
11.00
-0.77
11.72
-11.09
NEC CORP
YAHOO JAPAN CORP
OKI ELECTRIC INDUSTRY CO LTD
SUMCO CORP
Health Care
ASTELLAS PHARMA INC
EISAI CO LTD
TERUMO CORP
TAKEDA PHARMACEUTICAL CO LTD
SHIONOGI & CO LTD
OLYMPUS CORP
CHUGAI PHARMACEUTICAL CO LTD
DAIICHI SANKYO CO LTD
KYOWA HAKKO KIRIN CO LTD
SUMITOMO DAINIPPON PHARMA CO
Consumer Staples
KAO CORP
SEVEN & I HOLDINGS CO LTD
JAPAN TOBACCO INC
ASAHI GROUP HOLDINGS LTD
KIKKOMAN CORP
SHISEIDO CO LTD
AJINOMOTO CO INC
NH FOODS LTD
MEIJI HOLDINGS CO LTD
AEON CO LTD
NISSHIN SEIFUN GROUP INC
KIRIN HOLDINGS CO LTD
TAKARA HOLDINGS INC
NICHIREI CORP
UNY GROUP HOLDINGS CO LTD
SAPPORO HOLDINGS LTD
NIPPON SUISAN KAISHA LTD
MARUHA NICHIRO CORP
0.08
0.04
0.04
0.03
9.95
1.76
1.59
1.48
1.21
1.00
0.89
0.84
0.48
0.41
0.28
8.63
1.20
1.14
0.88
0.79
0.77
0.57
0.55
0.52
0.39
0.38
0.37
0.35
0.17
0.16
0.15
0.10
0.08
0.04
0.01
0.00
-0.01
0.00
0.94
0.03
0.05
0.32
0.07
0.18
0.13
-0.03
0.08
0.05
0.04
0.69
0.20
0.10
0.05
0.00
0.06
0.07
0.04
-0.07
0.03
0.03
0.07
0.01
0.04
0.02
0.00
0.02
0.02
0.00
7.12
9.57
-22.86
18.52
9.87
2.04
4.02
23.12
5.94
19.73
15.33
-1.86
18.45
12.65
15.80
7.97
17.47
8.22
6.13
0.85
7.90
12.72
6.88
-11.97
6.54
8.91
20.93
1.85
21.66
12.38
1.09
18.82
22.34
10.54
SOFTBANK GROUP CORP
KDDI CORP
NIPPON TELEGRAPH & TELEPHONE
NTT DOCOMO INC
Materials
NITTO DENKO CORP
SHIN-ETSU CHEMICAL CO LTD
NISSAN CHEMICAL INDUSTRIES
TOYO SEIKAN GROUP HOLDINGS L
KURARAY CO LTD
SUMITOMO METAL MINING CO LTD
NIPPON KAYAKU CO LTD
TORAY INDUSTRIES INC
DOWA HOLDINGS CO LTD
ASAHI KASEI CORP
NIPPON SODA CO LTD
HOKUETSU KISHU PAPER CO LTD
SUMITOMO CHEMICAL CO LTD
TOSOH CORP
OJI HOLDINGS CORP
DENKA CO LTD
SUMITOMO OSAKA CEMENT CO LTD
MITSUI CHEMICALS INC
MITSUBISHI MATERIALS CORP
TEIJIN LTD
TAIHEIYO CEMENT CORP
MITSUBISHI CHEMICAL HOLDINGS
TOKAI CARBON CO LTD
TOHO ZINC CO LTD
PACIFIC METALS CO LTD
NIPPON STEEL & SUMITOMO META
MITSUI MINING & SMELTING CO
UBE INDUSTRIES LTD
7.90
4.05
3.61
0.19
0.05
7.62
1.67
1.41
0.60
0.45
0.31
0.31
0.27
0.22
0.21
0.17
0.16
0.16
0.14
0.13
0.12
0.11
0.10
0.09
0.09
0.08
0.08
0.08
0.07
0.07
0.07
0.05
0.05
0.05
-0.09
-0.31
0.21
0.01
0.00
0.77
0.19
0.11
0.06
0.11
0.04
0.00
0.04
0.02
-0.02
-0.02
0.02
0.02
0.03
0.04
0.00
0.01
0.00
0.03
0.01
0.01
-0.01
0.02
0.02
0.00
0.00
0.00
0.00
0.01
-0.77
-6.65
5.81
5.68
0.09
9.94
11.35
7.25
10.39
26.23
12.19
-0.97
13.59
7.67
-8.52
-9.01
10.30
10.16
26.12
31.25
-4.91
13.15
-2.36
34.37
14.77
17.71
-8.94
20.92
28.57
0.33
2.27
4.77
-4.94
23.08
TOKUYAMA CORP
NIPPON PAPER INDUSTRIES CO L
NIPPON LIGHT METAL HOLDINGS
JFE HOLDINGS INC
TOYOBO CO LTD
KOBE STEEL LTD
SHOWA DENKO K K
NISSHIN STEEL CO LTD
Financials
SUMITOMO REALTY & DEVELOPMEN
MITSUI FUDOSAN CO LTD
DAIWA HOUSE INDUSTRY CO LTD
MITSUBISHI ESTATE CO LTD
CREDIT SAISON CO LTD
TOKIO MARINE HOLDINGS INC
SHIZUOKA BANK LTD/THE
MATSUI SECURITIES CO LTD
MS&AD INSURANCE GROUP HOLDIN
SOMPO JAPAN NIPPONKOA HOLDIN
CHIBA BANK LTD/THE
TOKYU FUDOSAN HOLDINGS CORP
DAIWA SECURITIES GROUP INC
MITSUBISHI UFJ FINANCIAL GRO
NOMURA HOLDINGS INC
TOKYO TATEMONO CO LTD
BANK OF YOKOHAMA LTD/THE
FUKUOKA FINANCIAL GROUP INC
SUMITOMO MITSUI FINANCIAL GR
SUMITOMO MITSUI TRUST HOLDIN
AOZORA BANK LTD
SONY FINANCIAL HOLDINGS INC
T&D HOLDINGS INC
SHINSEI BANK LTD
MIZUHO FINANCIAL GROUP INC
0.05
0.04
0.04
0.04
0.04
0.03
0.03
0.03
6.50
0.82
0.69
0.66
0.53
0.49
0.49
0.26
0.23
0.22
0.20
0.18
0.17
0.17
0.16
0.16
0.16
0.16
0.13
0.10
0.10
0.09
0.09
0.07
0.05
0.05
0.01
0.00
0.01
0.01
0.00
0.00
0.00
0.01
0.11
-0.04
-0.02
0.13
0.01
0.00
0.00
-0.01
0.03
-0.01
0.01
0.00
0.00
0.00
0.01
0.00
0.00
0.00
0.01
0.00
0.00
0.00
0.00
0.01
-0.01
0.00
27.23
1.08
20.00
13.82
5.33
-5.11
13.97
32.04
1.43
-4.92
-3.37
20.63
2.00
-0.17
0.33
-3.81
13.47
-2.64
2.49
-2.58
0.42
-2.04
4.68
0.34
-0.34
0.69
3.27
0.05
-3.27
0.23
4.04
11.99
-9.45
4.98
DAI-ICHI LIFE INSURANCE

HEIWA REAL ESTATE CO LTD
RESONA HOLDINGS INC
Energy
SHOWA SHELL SEKIYU KK
JX HOLDINGS INC
INPEX CORP
Utilities
TOKYO GAS CO LTD
OSAKA GAS CO LTD
CHUBU ELECTRIC POWER CO INC
KANSAI ELECTRIC POWER CO INC
TOKYO ELECTRIC POWER CO INC
0.04
0.02
0.01
0.41
0.22
0.10
0.10
0.31
0.13
0.10
0.04
0.03
0.02
0.00
-0.01
0.00
0.04
0.02
0.01
0.01
-0.01
-0.01
0.00
0.00
0.00
0.00
-0.26
-13.96
3.54
9.29
8.35
15.32
5.54
-2.60
-3.53
-0.81
-4.59
-2.09
-2.18
Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and service for the S
directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investors and only where ne
BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instruments by B
BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOM
s, Including Buckets) (12/05/2015 14:01:00)
buted locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina,
h all global marketing and operational support and service for the Services and distributes the Services either
ilable only to sophisticated institutional investors and only where necessary legal clearances have been obtained.
e Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG,
NDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are
PORT Attribution Report: Allocation (12/05/2015 14:01:00)

Summary
User Name
YANKUN YAO
Portfolio
NKY
End Date
12/4/2015
Currency
JPY
Method
Total Return
Allocation
% Average Weight Contribution to Return (%) Total Return (%) Total Attribution (Alpha) (%)
NKY
Energy
Materials
Industrials
Consumer Staples
Health Care
Financials
Utilities
100.00
0.41
7.62
20.86
23.54
8.63
9.95
6.50
14.29
7.90
0.31
8.11
0.04
0.77
2.48
1.49
0.69
0.94
0.11
1.70
-0.09
-0.01
8.11
9.29
9.94
12.23
6.11
7.97
9.87
1.43
12.07
-0.77
-2.60
Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and servi
the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investor
clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offer
BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG
BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.
Allocation Effect (%) Selection Effect (%) Currency Effect (%)
Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than
keting and operational support and service for the Services and distributes
nly to sophisticated institutional investors and only where necessary legal
on the Services shall constitute an offering of financial instruments by
LOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO,
PORT Attribution Report: Top 20 Attribution Contributors (12/05/2015 14:01:00)

Summary
User Name
Portfolio
End Date
Currency
Method
YANKUN YAO
NKY
9/1/2015
12/4/2015
JPY
Total Return
Top 20 Attribution Contributors

NKY
BRIDGESTONE CORP
DENSO CORP
DENTSU INC
HASEKO CORP
HONDA MOTOR CO LTD
ISUZU MOTORS LTD
MARUI GROUP CO LTD
MAZDA MOTOR CORP
NIKON CORP
NISSAN MOTOR CO LTD
PANASONIC CORP
PIONEER CORP
SEKISUI HOUSE LTD
SHARP CORP
100.00
0.90
0.49
1.17
1.37
9.79
0.97
0.04
1.63
0.39
0.14
0.20
0.33
0.09
0.02
0.33
0.25
0.28
0.06
0.41
0.03
8.11
0.11
0.11
0.17
0.22
-0.16
0.23
0.00
0.15
-0.01
0.01
0.01
0.09
0.03
0.00
0.02
0.05
0.02
0.03
0.08
-0.01
8.11
12.30
22.83
14.79
16.78
-1.60
26.18
1.70
9.10
-2.63
5.01
2.20
30.37
29.16
22.20
7.17
22.16
5.85
60.62
21.29
-25.58
obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offering of financial instrum
BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG R
BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.
rs (12/05/2015 14:01:00)
distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina,
P with all global marketing and operational support and service for the Services and distributes the Services either
available only to sophisticated institutional investors and only where necessary legal clearances have been
Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates.
K, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and
PORT Attribution Report: Bottom 20 Attribution Contributors (12/05/2015 14:01:00)

Summary
User Name
Portfolio
End Date
Currency
Method
YANKUN YAO
NKY
9/1/2015
12/4/2015
JPY
Total Return
Bottom 20 Attribution Contributors

NKY
BRIDGESTONE CORP
DENSO CORP
DENTSU INC
HASEKO CORP
HONDA MOTOR CO LTD
ISUZU MOTORS LTD
MARUI GROUP CO LTD
MAZDA MOTOR CORP
NIKON CORP
NISSAN MOTOR CO LTD
PANASONIC CORP
PIONEER CORP
SEKISUI HOUSE LTD
SHARP CORP
100.00
0.90
0.49
1.17
1.37
9.79
0.97
0.04
1.63
0.39
0.14
0.20
0.33
0.09
0.02
0.33
0.25
0.28
0.06
0.41
0.03
8.11
0.11
0.11
0.17
0.22
-0.16
0.23
0.00
0.15
-0.01
0.01
0.01
0.09
0.03
0.00
0.02
0.05
0.02
0.03
0.08
-0.01
8.11
12.30
22.83
14.79
16.78
-1.60
26.18
1.70
9.10
-2.63
5.01
2.20
30.37
29.16
22.20
7.17
22.16
5.85
60.62
21.29
-25.58
butors (12/05/2015 14:01:00)
PORT Attribution Report: Top 20 Contribution to Return (12/05/2015 14:01:00)

Summary
User Name
Portfolio
End Date
Currency
Method
YANKUN YAO
NKY
9/1/2015
12/4/2015
JPY
Total Return
Top 20 Contribution to Return

NKY
FANUC CORP
TOKYO ELECTRON LTD
TDK CORP
TERUMO CORP
TREND MICRO INC
DENTSU INC
SECOM CO LTD
KDDI CORP
KAO CORP
NITTO DENKO CORP
SHIONOGI & CO LTD
TOYOTA MOTOR CORP
DENSO CORP
HONDA MOTOR CO LTD
OLYMPUS CORP
JTEKT CORP
TAIYO YUDEN CO LTD
100.00
4.31
1.43
1.62
1.62
1.48
0.97
0.95
1.37
1.63
3.61
1.20
1.67
1.00
1.55
1.17
1.63
0.89
0.66
0.41
0.35
8.11
0.67
0.42
0.39
0.35
0.32
0.23
0.22
0.22
0.21
0.21
0.20
0.19
0.18
0.18
0.17
0.15
0.13
0.13
0.12
0.12
8.11
16.27
32.29
26.13
23.12
23.12
26.18
25.12
16.78
13.07
5.81
17.47
11.35
19.73
11.44
14.79
9.10
15.33
20.63
31.57
37.58
n (12/05/2015 14:01:00)
PORT Attribution Report: Bottom 20 Contribution to Return (12/05/2015 14:01:00)

Summary
User Name
Portfolio
End Date
Currency
Method
YANKUN YAO
NKY
9/1/2015
12/4/2015
JPY
Total Return
Bottom 20 Contribution to Return

NKY
SOFTBANK GROUP CORP
NH FOODS LTD
NITTO BOSEKI CO LTD
SHIMIZU CORP
MINEBEA CO LTD
MITSUBISHI CORP
ASAHI KASEI CORP
SUZUKI MOTOR CORP
DENA CO LTD
TOSHIBA CORP
FURUKAWA CO LTD
SHARP CORP
100.00
4.05
9.79
0.52
0.03
0.82
0.22
0.84
0.29
0.45
0.69
0.17
0.81
0.21
0.09
0.07
0.06
0.04
0.03
0.02
0.26
8.11
-0.31
-0.16
-0.07
-0.04
-0.04
-0.03
-0.03
-0.03
-0.02
-0.02
-0.02
-0.02
-0.02
-0.02
-0.01
-0.01
-0.01
-0.01
-0.01
-0.01
8.11
-6.65
-1.60
-11.97
-34.85
-4.92
-10.77
-1.86
-9.23
-4.49
-3.37
-9.01
-2.75
-8.52
-11.09
-16.84
-17.24
-22.86
-25.58
-13.96
-3.81
urn (12/05/2015 14:01:00)
buted locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina,
h all global marketing and operational support and service for the Services and distributes the Services either
ilable only to sophisticated institutional investors and only where necessary legal clearances have been obtained.
e Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG,
NDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are
PORT Attribution Report: Top 20 Total Return (12/05/2015 14:01:00)

Summary
User Name
Portfolio
End Date
Currency
Method
YANKUN YAO
NKY
9/1/2015
12/4/2015
JPY
Total Return
Top 20 Total Return

NKY
PIONEER CORP
TAIYO YUDEN CO LTD
TOKYO ELECTRON LTD
JTEKT CORP
TOSOH CORP
MARUI GROUP CO LTD
MAZDA MOTOR CORP
EBARA CORP
TOKAI CARBON CO LTD
TOKUYAMA CORP
TOTO LTD
TREND MICRO INC
100.00
0.06
0.15
0.05
0.35
0.09
1.43
0.03
0.41
0.13
0.33
0.09
0.11
0.07
0.05
0.45
0.97
1.62
0.14
0.41
0.95
8.11
0.03
0.07
0.02
0.12
0.03
0.42
0.01
0.12
0.04
0.09
0.03
0.03
0.02
0.01
0.11
0.23
0.39
0.03
0.10
0.22
8.11
60.62
56.32
42.78
37.58
34.37
32.29
32.04
31.57
31.25
30.37
29.16
28.80
28.57
27.23
26.23
26.18
26.13
26.12
26.05
25.12
:00)
tributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina,
with all global marketing and operational support and service for the Services and distributes the Services either
vailable only to sophisticated institutional investors and only where necessary legal clearances have been obtained.
the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG,
BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are
PORT Attribution Report: Bottom 20 Total Return (12/05/2015 14:01:00)

Summary
User Name
Portfolio
End Date
Currency
Method
YANKUN YAO
NKY
9/1/2015
12/4/2015
JPY
Total Return
Bottom 20 Total Return

NKY
NITTO BOSEKI CO LTD
SHARP CORP
FURUKAWA CO LTD
TOSHIBA CORP
NH FOODS LTD
DENA CO LTD
SHIMIZU CORP
SHINSEI BANK LTD
MINEBEA CO LTD
ASAHI KASEI CORP
IHI CORP
UNITIKA LTD
SOFTBANK GROUP CORP
KOBE STEEL LTD
100.00
0.03
0.03
0.04
0.06
0.07
0.02
0.52
0.09
0.22
0.05
0.29
0.17
0.08
0.06
0.21
0.07
0.01
0.07
4.05
0.03
8.11
-0.04
-0.01
-0.01
-0.01
-0.01
-0.01
-0.07
-0.02
-0.03
-0.01
-0.03
-0.02
-0.01
-0.01
-0.02
-0.01
0.00
-0.01
-0.31
0.00
8.11
-34.85
-25.58
-22.86
-17.24
-16.84
-13.96
-11.97
-11.09
-10.77
-9.45
-9.23
-9.01
-8.94
-8.90
-8.52
-8.13
-7.81
-6.70
-6.65
-5.11
15 14:01:00)
. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates.
PORT Attribution Report: Top 20 Relative Weight (12/05/2015 14:01:00)

Summary
User Name
Portfolio
End Date
Currency
Method
YANKUN YAO
NKY
9/1/2015
12/4/2015
JPY
Total Return
Top 20 Relative Weight

NKY
BRIDGESTONE CORP
DENSO CORP
DENTSU INC
HASEKO CORP
HONDA MOTOR CO LTD
ISUZU MOTORS LTD
MARUI GROUP CO LTD
MAZDA MOTOR CORP
NIKON CORP
NISSAN MOTOR CO LTD
PANASONIC CORP
PIONEER CORP
SEKISUI HOUSE LTD
SHARP CORP
100.00
0.90
0.49
1.17
1.37
9.79
0.97
0.04
1.63
0.39
0.14
0.20
0.33
0.09
0.02
0.33
0.25
0.28
0.06
0.41
0.03
8.11
0.11
0.11
0.17
0.22
-0.16
0.23
0.00
0.15
-0.01
0.01
0.01
0.09
0.03
0.00
0.02
0.05
0.02
0.03
0.08
-0.01
8.11
12.30
22.83
14.79
16.78
-1.60
26.18
1.70
9.10
-2.63
5.01
2.20
30.37
29.16
22.20
7.17
22.16
5.85
60.62
21.29
-25.58
15 14:01:00)
PORT Attribution Report: Bottom 20 Relative Weight (12/05/2015 14:01:00)

Summary
User Name
Portfolio
End Date
Currency
Method
YANKUN YAO
NKY
9/1/2015
12/4/2015
JPY
Total Return
Bottom 20 Relative Weight

NKY
BRIDGESTONE CORP
DENSO CORP
DENTSU INC
HASEKO CORP
HONDA MOTOR CO LTD
ISUZU MOTORS LTD
MARUI GROUP CO LTD
MAZDA MOTOR CORP
NIKON CORP
NISSAN MOTOR CO LTD
PANASONIC CORP
PIONEER CORP
SEKISUI HOUSE LTD
SHARP CORP
100.00
0.90
0.49
1.17
1.37
9.79
0.97
0.04
1.63
0.39
0.14
0.20
0.33
0.09
0.02
0.33
0.25
0.28
0.06
0.41
0.03
8.11
0.11
0.11
0.17
0.22
-0.16
0.23
0.00
0.15
-0.01
0.01
0.01
0.09
0.03
0.00
0.02
0.05
0.02
0.03
0.08
-0.01
8.11
12.30
22.83
14.79
16.78
-1.60
26.18
1.70
9.10
-2.63
5.01
2.20
30.37
29.16
22.20
7.17
22.16
5.85
60.62
21.29
-25.58
/05/2015 14:01:00)
PORT Attribution Report: Top 20 Relative Return (12/05/2015 14:01:00)

Summary
User Name
Portfolio
End Date
Currency
Method
YANKUN YAO
NKY
9/1/2015
12/4/2015
JPY
Total Return
Top 20 Relative Return

NKY
BRIDGESTONE CORP
DENSO CORP
DENTSU INC
HASEKO CORP
HONDA MOTOR CO LTD
ISUZU MOTORS LTD
MARUI GROUP CO LTD
MAZDA MOTOR CORP
NIKON CORP
NISSAN MOTOR CO LTD
PANASONIC CORP
PIONEER CORP
SEKISUI HOUSE LTD
SHARP CORP
100.00
0.90
0.49
1.17
1.37
9.79
0.97
0.04
1.63
0.39
0.14
0.20
0.33
0.09
0.02
0.33
0.25
0.28
0.06
0.41
0.03
8.11
0.11
0.11
0.17
0.22
-0.16
0.23
0.00
0.15
-0.01
0.01
0.01
0.09
0.03
0.00
0.02
0.05
0.02
0.03
0.08
-0.01
8.11
12.30
22.83
14.79
16.78
-1.60
26.18
1.70
9.10
-2.63
5.01
2.20
30.37
29.16
22.20
7.17
22.16
5.85
60.62
21.29
-25.58
5 14:01:00)
PORT Attribution Report: Bottom 20 Relative Return (12/05/2015 14:01:00)

Summary
User Name
Portfolio
End Date
Currency
Method
YANKUN YAO
NKY
9/1/2015
12/4/2015
JPY
Total Return
Bottom 20 Relative Return

NKY
BRIDGESTONE CORP
DENSO CORP
DENTSU INC
HASEKO CORP
HONDA MOTOR CO LTD
ISUZU MOTORS LTD
MARUI GROUP CO LTD
MAZDA MOTOR CORP
NIKON CORP
NISSAN MOTOR CO LTD
PANASONIC CORP
PIONEER CORP
SEKISUI HOUSE LTD
SHARP CORP
100.00
0.90
0.49
1.17
1.37
9.79
0.97
0.04
1.63
0.39
0.14
0.20
0.33
0.09
0.02
0.33
0.25
0.28
0.06
0.41
0.03
8.11
0.11
0.11
0.17
0.22
-0.16
0.23
0.00
0.15
-0.01
0.01
0.01
0.09
0.03
0.00
0.02
0.05
0.02
0.03
0.08
-0.01
8.11
12.30
22.83
14.79
16.78
-1.60
26.18
1.70
9.10
-2.63
5.01
2.20
30.37
29.16
22.20
7.17
22.16
5.85
60.62
21.29
-25.58
05/2015 14:01:00)
PORT Attribution Report: Distribution (12/05/2015 14:01:00)

Summary
User Name
YANKUN YAO
Portfolio
NKY
End Date
12/4/2015
Currency
JPY
Method
Total Return
Distribution
% Average Weight Contribution to Return (%) Total Return (%) Total Attribution (Alpha) (%)
NKY
Energy
Materials
Industrials
Consumer Staples
Health Care
Financials
Utilities
100.00
0.41
7.62
20.86
23.54
8.63
9.95
6.50
14.29
7.90
0.31
8.11
0.04
0.77
2.48
1.49
0.69
0.94
0.11
1.70
-0.09
-0.01
8.11
9.29
9.94
12.23
6.11
7.97
9.87
1.43
12.07
-0.77
-2.60
Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational support and servi
the Services either directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services, which are available only to sophisticated institutional investor
clearances have been obtained. BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services. Nothing on the Services shall constitute an offer
BFLP, BLP or their affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG
BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries.
Allocation Effect (%) Selection Effect (%) Currency Effect (%)
Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than
keting and operational support and service for the Services and distributes
nly to sophisticated institutional investors and only where necessary legal
on the Services shall constitute an offering of financial instruments by
LOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO,
PORT Holdings Report: Holdings Detail (12/05/2015 14:01:00)

Summary
User Name
Portfolio
As-of Date
Currency
YANKUN YAO
NKY
12/4/2015
JPY
Holdings Detail
#
NKY
Utilities
TOKYO GAS CO LTD
TOKYO ELECTRIC POWER CO INC
OSAKA GAS CO LTD
KANSAI ELECTRIC POWER CO INC
CHUBU ELECTRIC POWER CO INC
SOFTBANK GROUP CORP
NTT DOCOMO INC
NIPPON TELEGRAPH & TELEPHONE
KDDI CORP
Materials
UBE INDUSTRIES LTD
TOYOBO CO LTD
TOSOH CORP
TORAY INDUSTRIES INC
TOKUYAMA CORP
TOKAI CARBON CO LTD
TOHO ZINC CO LTD
TEIJIN LTD
Port
% Wgt Mkt Val Pos
225 100.00 497,208

5
0.29
1,457
0.12
607 1.00
0.02
76 0.10
0.09
464 1.00
0.03
140 0.10
0.03
170 0.10
4
7.76
38,561
3.85
19,125 3.00
0.05
240 0.10
0.19
938 0.20
3.67
18,258 6.00
36
7.59
37,730
0.05
256 1.00
0.04
178 1.00
0.48
2,397 1.00
0.13
668 1.00
0.22
1,107 1.00
0.05
257 1.00
0.07
369 1.00
0.06
302 1.00
0.09
432 1.00
Px Close
Crncy
606.90
764.00
463.80
1,402.00
1,695.50
JPY
JPY
JPY
JPY
JPY
6,375.00
2,395.00
4,691.00
3,043.00
JPY
JPY
JPY
JPY
256.00
178.00
2,397.00
668.00
1,107.00
257.00
369.00
302.00
432.00
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY

SUMITOMO OSAKA CEMENT CO LTD
SUMITOMO METAL MINING CO LTD
SHOWA DENKO K K
SHIN-ETSU CHEMICAL CO LTD
PACIFIC METALS CO LTD
OJI HOLDINGS CORP
NITTO DENKO CORP
NISSAN CHEMICAL INDUSTRIES
NIPPON STEEL & SUMITOMO META
NIPPON SODA CO LTD
NIPPON PAPER INDUSTRIES CO L
NIPPON LIGHT METAL HOLDINGS
NIPPON KAYAKU CO LTD
MITSUI MINING & SMELTING CO
MITSUBISHI MATERIALS CORP
MITSUBISHI CHEMICAL HOLDINGS
KURARAY CO LTD
KOBE STEEL LTD
JFE HOLDINGS INC
HOKUETSU KISHU PAPER CO LTD
DENKA CO LTD
ASAHI KASEI CORP
YOKOGAWA ELECTRIC CORP
YASKAWA ELECTRIC CORP
YAHOO JAPAN CORP
TREND MICRO INC
TOKYO ELECTRON LTD
TDK CORP
26
0.07
0.09
0.28
0.15
0.03
1.37
0.06
0.10
1.73
0.03
0.59
0.05
0.15
0.04
0.04
0.27
0.05
0.11
0.09
0.08
0.31
0.03
0.04
0.15
0.19
0.11
0.17
14.62
0.30
0.32
0.04
1.05
1.63
1.73
364
449
1,411
722
155
6,804
315
520
8,606
139
2,953
249
738
196
216
1,362
231
524
428
397
1,565
146
201
762
934
553
824
72,710
1,502
1,614
206
5,230
8,086
8,580
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
0.10
1.00
0.10
1.00
0.10
1.00
1.00
1.00
1.00
1.00
0.50
1.00
1.00
0.10
1.00
1.00
1.00
1.00
364.00
449.00
1,411.00
722.00
155.00
6,804.00
315.00
520.00
8,606.00
1,390.00
2,953.00
2,485.50
738.00
1,964.00
216.00
1,362.00
231.00
524.00
428.00
793.50
1,565.00
146.00
2,008.50
762.00
934.00
553.00
824.00
JPY
JPY
1.00
1.00
0.40
1.00
1.00
1.00
1,502.00
1,614.00
515.00
5,230.00
8,086.00
8,580.00
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
TAIYO YUDEN CO LTD

SUMCO CORP
RICOH CO LTD
NTT DATA CORP
NIPPON ELECTRIC GLASS CO LTD
NEC CORP
MITSUMI ELECTRIC CO LTD
KYOCERA CORP
KONICA MINOLTA INC
KONAMI HOLDINGS CORP
HITACHI LTD
FUJITSU LTD
FUJIFILM HOLDINGS CORP
DENA CO LTD
CITIZEN HOLDINGS CO LTD
CANON INC
ALPS ELECTRIC CO LTD
ADVANTEST CORP
Industrials
YAMATO HOLDINGS CO LTD
WEST JAPAN RAILWAY CO
TOYOTA TSUSHO CORP
TOTO LTD
TOSHIBA CORP
TOPPAN PRINTING CO LTD
TOKYU CORP
TOBU RAILWAY CO LTD
TAISEI CORP
SUMITOMO HEAVY INDUSTRIES
SUMITOMO CORP
SOJITZ CORP
SHIMIZU CORP
65
0.39
1,932 1.00
0.03
125 0.10
0.18
891 1.00
0.26
1,271 1.00
0.03
158 1.00
1.21
6,000 1.00
0.20
974 1.50
0.08
406 1.00
0.13
648 1.00
2.31
11,490 2.00
0.26
1,296 1.00
0.60
2,976 1.00
0.15
729 1.00
0.13
647 1.00
0.99
4,924 1.00
0.12
592 0.30
0.18
890 1.00
1.13
5,625 1.50
0.75
3,705 1.00
0.45
2,214 2.00
21.16 105,212
0.48
2,370 1.00
0.15
769 0.10
0.57
2,835 1.00
0.42
2,108 0.50
0.06
302 1.00
0.22
1,097 1.00
0.19
934 1.00
0.12
585 1.00
0.16
794 1.00
0.11
562 1.00
0.27
1,321 1.00
0.01
28 0.10
0.21
1,024 1.00
1,932.00
1,248.00
891.00
1,271.00
158.00
6,000.00
649.00
406.00
648.00
5,745.00
1,296.00
2,976.00
728.80
646.60
4,924.00
1,973.00
890.00
3,750.00
3,705.00
1,107.00
JPY
JPY
2,370.00
7,692.00
2,835.00
4,215.00
302.30
1,097.00
934.00
585.00
794.00
562.00
1,321.00
275.00
1,024.00
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
SECOM CO LTD
OKUMA CORP
ODAKYU ELECTRIC RAILWAY CO
OBAYASHI CORP
NTN CORP
NSK LTD
NISSHINBO HOLDINGS INC
NIPPON YUSEN KK
NIPPON SHEET GLASS CO LTD
NIPPON EXPRESS CO LTD
NGK INSULATORS LTD
MITSUI ENGINEER & SHIPBUILD
MITSUI & CO LTD
MITSUBISHI LOGISTICS CORP
MITSUBISHI HEAVY INDUSTRIES
MITSUBISHI ELECTRIC CORP
MITSUBISHI CORP
MINEBEA CO LTD
MEIDENSHA CORP
MARUBENI CORP
KUBOTA CORP
KOMATSU LTD
KEISEI ELECTRIC RAILWAY CO
KEIO CORP
KAWASAKI HEAVY INDUSTRIES
KAJIMA CORP
JTEKT CORP
JGC CORP
JAPAN STEEL WORKS LTD
ITOCHU CORP
IHI CORP
HITACHI ZOSEN CORP
1.69
0.22
0.24
0.23
0.12
0.31
0.27
0.06
0.02
0.11
0.56
0.06
0.04
0.31
0.33
0.13
0.28
0.42
0.25
0.10
0.14
0.41
0.41
0.29
0.20
0.05
0.10
0.14
0.44
0.42
0.09
0.30
0.07
0.03
8,411
1,105
1,216
1,126
594
1,531
1,359
308
101
560
2,801
310
202
1,528
1,624
633
1,368
2,075
1,243
490
685
2,048
2,014
1,419
985
241
477
712
2,207
2,111
454
1,497
334
137
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
0.20
8,411.00
1,105.00
1,216.00
1,126.00
594.00
1,531.00
1,359.00
308.00
101.00
560.00
2,801.00
310.00
202.00
1,527.50
1,624.00
633.30
1,367.50
2,075.00
1,243.00
490.00
685.10
2,048.50
2,014.00
1,419.00
985.00
241.00
477.00
712.00
2,207.00
2,111.00
454.00
1,497.00
334.00
686.00
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
HITACHI CONSTRUCTION MACHINE

HINO MOTORS LTD
GS YUASA CORP
FURUKAWA CO LTD
FUJIKURA LTD
FUJI ELECTRIC CO LTD
FANUC CORP
EBARA CORP
EAST JAPAN RAILWAY CO
DAI NIPPON PRINTING CO LTD
COMSYS HOLDINGS CORP
CHIYODA CORP
CENTRAL JAPAN RAILWAY CO
ASAHI GLASS CO LTD
ANA HOLDINGS INC
AMADA HOLDINGS CO LTD
Health Care
TERUMO CORP
TAKEDA PHARMACEUTICAL CO LTD
SUMITOMO DAINIPPON PHARMA CO
SHIONOGI & CO LTD
OLYMPUS CORP
KYOWA HAKKO KIRIN CO LTD
EISAI CO LTD
DAIICHI SANKYO CO LTD
ASTELLAS PHARMA INC
Financials
TOKYU FUDOSAN HOLDINGS CORP
TOKYO TATEMONO CO LTD
TOKIO MARINE HOLDINGS INC
T&D HOLDINGS INC
10
27
0.39
0.30
0.09
0.06
0.05
0.14
0.11
4.44
0.12
0.23
1.76
0.24
0.34
0.21
0.43
0.14
0.07
0.24
10.21
1.56
1.19
0.29
1.09
0.97
0.44
1.59
0.51
0.85
1.72
6.18
0.16
0.15
0.46
0.07
1,922
1,488
466
277
240
696
549
22,095
605
1,152
8,740
1,194
1,714
1,028
2,151
716
343
1,202
50,759
7,750
5,940
1,437
5,420
4,815
2,181
7,885
2,551
4,215
8,565
30,746
808
728
2,308
348
1.00
1,922.00
1.00
1,488.00
1.00
466.00
1.00
277.00
1.00
240.00
1.00
696.00
1.00
549.00
1.00 22,095.00
1.00
605.00
0.10 11,520.00
1.00
8,740.00
1.00
1,194.00
1.00
1,714.00
1.00
1,028.00
0.10 21,510.00
1.00
716.00
1.00
342.70
1.00
1,202.00
JPY
JPY
2.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
5.00
3,875.00
5,940.00
1,437.00
5,420.00
4,815.00
2,181.00
7,885.00
2,551.00
4,215.00
1,713.00
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
1.00
0.50
0.50
0.20
808.00
1,457.00
4,616.00
1,737.50
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY

SUMITOMO MITSUI TRUST HOLDIN
SUMITOMO MITSUI FINANCIAL GR
SONY FINANCIAL HOLDINGS INC
SOMPO JAPAN NIPPONKOA HOLDIN
SHINSEI BANK LTD
RESONA HOLDINGS INC
NOMURA HOLDINGS INC
MS&AD INSURANCE GROUP HOLDIN
MIZUHO FINANCIAL GROUP INC
MITSUBISHI UFJ FINANCIAL GRO
MITSUBISHI ESTATE CO LTD
MATSUI SECURITIES CO LTD
FUKUOKA FINANCIAL GROUP INC
DAIWA SECURITIES GROUP INC
DAI-ICHI LIFE INSURANCE
CREDIT SAISON CO LTD
CHIBA BANK LTD/THE
BANK OF YOKOHAMA LTD/THE
AOZORA BANK LTD
Energy
SHOWA SHELL SEKIYU KK
JX HOLDINGS INC
INPEX CORP
Consumer Staples
UNY GROUP HOLDINGS CO LTD
TAKARA HOLDINGS INC
SHISEIDO CO LTD
SEVEN & I HOLDINGS CO LTD
SAPPORO HOLDINGS LTD
NISSHIN SEIFUN GROUP INC
18
0.75
0.09
0.10
0.09
0.19
0.24
0.05
0.01
0.15
0.21
0.05
0.63
0.16
0.51
0.23
0.12
0.16
0.68
0.04
0.47
0.17
0.14
0.09
0.42
0.22
0.10
0.10
8.64
0.15
0.19
0.56
1.10
0.11
0.39
3,748
467
474
463
969
1,181
230
61
735
1,055
248
3,119
804
2,558
1,131
586
782
3,389
212
2,360
830
719
432
2,104
1,090
516
498
42,956
739
938
2,772
5,453
543
1,919
1.00
1.00
0.10
0.20
0.25
1.00
1.00
0.10
1.00
0.30
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
0.10
1.00
1.00
1.00
1.00
3,748.00
466.90
4,744.00
2,316.00
3,875.00
1,181.00
230.00
607.10
735.40
3,517.00
247.90
3,119.00
803.60
2,558.00
1,131.00
586.00
782.10
3,389.00
2,122.50
2,360.00
830.00
719.30
432.00
JPY
JPY
1.00
1.00
0.40
1,090.00
516.00
1,245.00
JPY
JPY
JPY
1.00
1.00
1.00
1.00
1.00
1.00
739.00
938.00
2,771.50
5,453.00
543.00
1,919.00
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
NIPPON SUISAN KAISHA LTD

NICHIREI CORP
NH FOODS LTD
MEIJI HOLDINGS CO LTD
MARUHA NICHIRO CORP
KIRIN HOLDINGS CO LTD
KIKKOMAN CORP
KAO CORP
JAPAN TOBACCO INC
ASAHI GROUP HOLDINGS LTD
AJINOMOTO CO INC
AEON CO LTD
YOKOHAMA RUBBER CO LTD
YAMAHA CORP
UNITIKA LTD
TOYOTA MOTOR CORP
TOKYO DOME CORP
TOHO CO LTD
TAKASHIMAYA CO LTD
SUZUKI MOTOR CORP
SUMITOMO ELECTRIC INDUSTRIES
SONY CORP
SKY PERFECT JSAT HOLDINGS
SHARP CORP
SEKISUI HOUSE LTD
PIONEER CORP
PANASONIC CORP
NISSAN MOTOR CO LTD
NIKON CORP
MAZDA MOTOR CORP
MARUI GROUP CO LTD
31
0.09
0.16
0.47
0.40
0.04
0.35
0.80
1.25
0.89
0.79
0.55
0.38
23.12
0.21
0.60
0.01
1.55
0.12
0.07
0.22
0.76
0.34
0.62
0.01
0.03
0.43
0.07
0.27
0.25
0.33
0.02
0.10
0.37
0.19
438
788
2,346
1,968
192
1,733
3,960
6,221
4,407
3,928
2,712
1,900
114,974
1,057
2,996
59
7,692
574
336
1,073
3,770
1,713
3,091
63
128
2,114
363
1,362
1,262
1,619
110
514
1,858
951
1.00
1.00
1.00
0.20
0.10
1.00
1.00
1.00
1.00
1.00
1.00
1.00
438.00
788.00
2,346.00
9,840.00
1,920.00
1,733.00
3,960.00
6,221.00
4,407.00
3,928.00
2,712.00
1,900.00
JPY
JPY
0.50
1.00
1.00
1.00
1.00
0.10
1.00
1.00
1.00
1.00
0.10
1.00
1.00
1.00
1.00
1.00
1.00
0.10
0.20
1.00
0.50
2,114.00
2,996.00
59.00
7,692.00
574.00
3,360.00
1,073.00
3,770.00
1,713.00
3,091.00
628.00
128.00
2,113.50
363.00
1,362.00
1,262.00
1,619.00
1,095.00
2,567.50
1,858.00
1,902.00
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
ISUZU MOTORS LTD

HONDA MOTOR CO LTD
HASEKO CORP
DENTSU INC
DENSO CORP
BRIDGESTONE CORP
0.14
0.36
1.60
0.06
1.02
9.40
1.38
1.17
0.55
0.88
683
1,777
7,980
275
5,064
46,720
6,840
5,837
2,740
4,355
0.50
1,366.50
1.00
1,777.00
2.00
3,990.00
0.20
1,373.00
1.00
5,064.00
1.00 46,720.00
1.00
6,840.00
1.00
5,837.00
1.00
2,740.00
1.00
4,355.00
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the 'Services') are
owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina,
Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP
provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either
directly or through a non-BFLP subsidiary in the BLP Countries. The Services include electronic trading and order-routing services,
which are available only to sophisticated institutional investors and only where necessary legal clearances have been obtained.
BFLP, BLP and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the Services.
Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their affiliates. BLOOMBERG,
BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK,
BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are
PORT Attribution Summary: Return Summary (12/05/2015 14:01:00)

Summary
Portfo NKY
Bench
(None)
Start /2015
End D/2015
Curre JPY
Price imary
Returnntage
Metho
Return
Return Summary
Return Summary
Portfo 8.11
The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the
Active Return
'Services')
are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all
jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a
wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational
support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary
in the BLP Countries. The Services include electronic trading and order-routing services, which are available only
to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP
and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the
Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their
affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG
ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG
RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware
limited partnership, or its subsidiaries.
PORT Attribution Summary: Active Return Attribution Summary (12/05/2015 14:01:00)

Summary
Portfo NKY
Bench
(None)
Start /2015
End D/2015
Curre JPY
Price imary
Returnntage
Metho
Return
The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order
Management Systems (the 'Services') are owned and distributed locally by Bloomberg
Finance L.P. ('BFLP') and its subsidiaries in all jurisdictions other than Argentina,
Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a wholly-owned
subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and
Active
Return
operational
support and service for the Services and distributes the Services either
directly or through a non-BFLP subsidiary in the BLP Countries. The Services include
electronic trading and order-routing services, which are available only to sophisticated
institutional investors and only where necessary legal clearances have been obtained.
BFLP, BLP and their affiliates do not provide investment advice or guarantee the
accuracy of prices or information in the Services. Nothing on the Services shall
constitute an offering of financial instruments by BFLP, BLP or their affiliates.
BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS,
BLOOMBERG ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER,
BLOOMBERG TELEVISION, BLOOMBERG RADIO, BLOOMBERG PRESS and
BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware limited
partnership, or its subsidiaries.
Active Re
PORT Allocation Summary Report: Allocation Summary (12/05/2015 14:01:00)

Summary
User N YAO
Portfo NKY
Benchmark
As Of /2015
Curre JPY
SectorPort
Utiliti 0.29
Energ 0.42
Financ 6.18
Materi 7.59
Telec 7.76
Consu 8.64
Healt ###
Infor
###
Indust ###
Consu ###
Top 10 Holdings
Value
FAST 9.40
FANUC 4.44
SOFTB 3.85
KDDI 3.67
KYOCE 2.31
DAIKI 1.76
NITTO 1.73
TDK C 1.73
ASTEL 1.72
SECOM1.69
Bottom 10 Holdings
Value
SOJIT 0.01
UNITI 0.01
RESON 0.01
SKY P 0.01
TOKYO 0.02
NIPPO 0.02
MITSU 0.02
SUMC 0.03
SHARP 0.03
The BLOOMBERG PROFESSIONAL service, BLOOMBERG Data and BLOOMBERG Order Management Systems (the
HITAC
0.03
'Services')
are owned and distributed locally by Bloomberg Finance L.P. ('BFLP') and its subsidiaries in all
jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the 'BLP Countries'). BFLP is a
wholly-owned subsidiary of Bloomberg L.P. ('BLP'). BLP provides BFLP with all global marketing and operational
support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary
in the BLP Countries. The Services include electronic trading and order-routing services, which are available only
to sophisticated institutional investors and only where necessary legal clearances have been obtained. BFLP, BLP
and their affiliates do not provide investment advice or guarantee the accuracy of prices or information in the
Services. Nothing on the Services shall constitute an offering of financial instruments by BFLP, BLP or their
affiliates. BLOOMBERG, BLOOMBERG PROFESSIONAL, BLOOMBERG MARKET, BLOOMBERG NEWS, BLOOMBERG
ANYWHERE, BLOOMBERG TRADEBOOK, BLOOMBERG BONDTRADER, BLOOMBERG TELEVISION, BLOOMBERG
RADIO, BLOOMBERG PRESS and BLOOMBERG.COM are trademarks and service marks of BFLP, a Delaware
limited partnership, or its subsidiaries.

Nikkei Analysis

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Nikkei Analysis

Uploaded by

Copyright:

Available Formats

PORT Attribution Report: Attribution Summary (Grid) (12/05/2015 14:01:00)

Attribution Summary (Grid)

Attribution Detail (All Securities, Including Buckets)

HINO MOTORS LTD

MITSUI OSK LINES LTD

DAI-ICHI LIFE INSURANCE

s, Including Buckets) (12/05/2015 14:01:00)

PORT Attribution Report: Allocation (12/05/2015 14:01:00)

Allocation Effect (%) Selection Effect (%) Currency Effect (%)

PORT Attribution Report: Top 20 Attribution Contributors (12/05/2015 14:01:00)

Top 20 Attribution Contributors

PORT Attribution Report: Bottom 20 Attribution Contributors (12/05/2015 14:01:00)

Bottom 20 Attribution Contributors

butors (12/05/2015 14:01:00)

PORT Attribution Report: Top 20 Contribution to Return (12/05/2015 14:01:00)

Top 20 Contribution to Return

PORT Attribution Report: Bottom 20 Contribution to Return (12/05/2015 14:01:00)

Bottom 20 Contribution to Return

urn (12/05/2015 14:01:00)

PORT Attribution Report: Top 20 Total Return (12/05/2015 14:01:00)

Top 20 Total Return

PORT Attribution Report: Bottom 20 Total Return (12/05/2015 14:01:00)

Bottom 20 Total Return

PORT Attribution Report: Top 20 Relative Weight (12/05/2015 14:01:00)

Top 20 Relative Weight

PORT Attribution Report: Bottom 20 Relative Weight (12/05/2015 14:01:00)

Bottom 20 Relative Weight

PORT Attribution Report: Top 20 Relative Return (12/05/2015 14:01:00)

Top 20 Relative Return

PORT Attribution Report: Bottom 20 Relative Return (12/05/2015 14:01:00)

Bottom 20 Relative Return

PORT Attribution Report: Distribution (12/05/2015 14:01:00)

Allocation Effect (%) Selection Effect (%) Currency Effect (%)

PORT Holdings Report: Holdings Detail (12/05/2015 14:01:00)

225 100.00 497,208

TAIHEIYO CEMENT CORP

TAIYO YUDEN CO LTD

HITACHI CONSTRUCTION MACHINE

SUMITOMO REALTY & DEVELOPMEN

NIPPON SUISAN KAISHA LTD

ISUZU MOTORS LTD

PORT Attribution Summary: Return Summary (12/05/2015 14:01:00)

PORT Attribution Summary: Active Return Attribution Summary (12/05/2015 14:01:00)

PORT Allocation Summary Report: Allocation Summary (12/05/2015 14:01:00)

You might also like