Fund Manager:
AIG Investments Japan Co., Ltd.

Research Provider:
Institutional Shareholder Services (ISS)

• Pioneer in SRI-related research since 1972
• Recognized for objective, impartial, and independent evaluations
• 10+ years experience evaluating Japanese companies
• 34 analysts dedicated to SRI-related research
• 8 analysts dedicated to SRI research on Japanese companies
• ISS acquired the commercial business of the Investor Responsibility Research Center in June 2005 and became a member company of RiskMetrics Group in January 2007

Fund Name:
AIG/Resona Japan CSR Fund (Nickname: Seijitsu no Mori)

Launch Date:
Mar-05

Screening (except economy):
Social responsibilities, environmental performance, governance

KEY Characteristics: (see changes above)
AIG Investments believes that a company’s corporate governance structure, environmental policies, performance, and relationship with its stakeholders are the factors that make up the three pillars in socially responsible investing. The fund's investment approach incorporates objective research, evaluation criteria relevant to the Japanese market, positive screening techniques and active portfolio management, aimed to maximize the Fund’s investment performance. Based on the philosophy that socially responsible companies will create sustainable value in the mid-to-long term, the fund, in selecting stocks, applies the following investment criteria’s; commendable corporate governance, respectable environmental performance, and high state of compliance in terms of CSR. The performance of the fund is benchmarked by TOPIX. The “AIG/Resona Japan CSR Fund” invests in Japanese equities and operates in the form of a family fund, only available to investors located within Japan. AIG Investments’ Japan SRI equity strategy is available to investors outside of Japan on a separate account basis.

Asset Value:
9.0 billion Yen (as of June 2008)

Additional information (Contents in Japanese only):
http://www.aiginvestments.co.jp/fund/40313053/feature.html