Portfolio Overview

As at 30 Sep 2025

Portfolio Characteristics

Portfolio

TOPIX

P/B

2.2x

1.7x

ROE

12.8%

9.8%

P/E

17.9x

17.2x

Gross Profit Margin

36.4%

26.6%

Operating Profit Margin

16.0%

9.3%

Net Income Margin

12.0%

6.8%

FCF Yield (ex. financials)

3.4%

3.8%

Dividend Yield1

2.5%

2.1%

Active Share

76.2%

Portfolio Turnover (3-Yr Avg)2

19.3%

Sources: Chikara, Frostrow, & Bloomberg; figures shown as of 29 August 2025; all numbers are ungeared

1) Ungeared yield on the ungeared Nav; 2) Average of the last 3 calendar years

Breakdown by Classification (%)

Breakdown by Market Cap (%)