AVI Japan Opportunity Trust Plc (AJOT) 2023年年度报告「LSE」.pdf

1、Five years of change in JapanAVI Japan Opportunity Trust plc(“AJOT”or“the Company”)invests in a focused portfolio of quality small and mid-cap listed companies in Japan that have a large portion of their market capitalisation in cash or realisable assets.NET ASSETS183 million*LAUNCH DATE 23 October

2、2018ANNUALISED RETURN6.8%*ONGOING CHARGES RATIO1.5%*For all Alternative Performance Measures,please refer to the definitions in the Glossary on pages 73 and 74.*As at 31 December 2023.Welcome to our 2023 Annual ReportPortfolio construction Screening of the universe Approach Principles Def ning E,S&G

3、 Stewardship Purpose PhilosophyResearch Filtering AN ACTIVE APPROACH TO INVESTING RESPONSIBLYAs an active investor,AVI considers all drivers relevant to each companys success,offering suggestions to enhance sustainable corporate value in consideration of all stakeholders and in the best long-term in

4、terest of our clients.We aim to build strong relationships with the boards and management of our portfolio companies.Through constructive engagement,we encourage and expect them to take meaningful action in the context of long-term value creation.Read more about our ESG Perspective on pages 32 and 3

5、3 of the Annual ReportAVI Japan Opportunity Trust plc/Annual Report 2023CONTENTSStrategic Report02Company Performance04Company Overview06Chairmans Statement10Our Top 10 Holdings12Investment Managers Report20Portfolio Construction21Japan Investment Team22Investment Portfolio23Business Model25Stakehol

6、ders30Key Performance Indicators32ESG Policy34Our Approach to ESG36Principal Risks and UncertaintiesGovernance38Directors39Directors Report41Corporate Governance Statement46Directors Remuneration Report49Statement of Directors Responsibilities in Relation to the Annual Report and Financial Statement