<SEC-DOCUMENT>0001104659-20-082266.txt : 20200709
<SEC-HEADER>0001104659-20-082266.hdr.sgml : 20200709
<ACCEPTANCE-DATETIME>20200709090709
ACCESSION NUMBER:		0001104659-20-082266
CONFORMED SUBMISSION TYPE:	N-CSRS
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20200430
FILED AS OF DATE:		20200709
DATE AS OF CHANGE:		20200709
EFFECTIVENESS DATE:		20200709

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ABERDEEN JAPAN EQUITY FUND, INC.
		CENTRAL INDEX KEY:			0000866095
		IRS NUMBER:				223060893
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-CSRS
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06142
		FILM NUMBER:		201019649

	BUSINESS ADDRESS:	
		STREET 1:		1900 MARKET STREET
		STREET 2:		SUITE 200
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103
		BUSINESS PHONE:		215-405-5700

	MAIL ADDRESS:	
		STREET 1:		1900 MARKET STREET
		STREET 2:		SUITE 200
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	JAPAN EQUITY FUND INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	JAPAN EMERGING EQUITY FUND INC
		DATE OF NAME CHANGE:	19920407
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSRS
<SEQUENCE>1
<FILENAME>a20-18482_3ncsrs.htm
<DESCRIPTION>N-CSRS
<TEXT>


<html>
<head>




  </head>
<body link=blue lang="EN-US">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UNITED STATES</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Washington, D.C. 20549</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORM&nbsp;N-CSR</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Investment Company Act file number:</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">811-06142</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exact name of registrant as specified in charter:</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Address of principal executive offices:</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1900 Market Street, Suite&nbsp;200</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Philadelphia, PA 19103</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name and address of agent for service:</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Andrea Melia</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aberdeen Standard Investments Inc.</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1900 Market Street, Suite&nbsp;200</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Philadelphia, PA 19103</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registrant&#146;s telephone number, including area code:</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1-800-522-5465</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of fiscal year end:</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;31</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of reporting period:</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">April&nbsp;30, 2020</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\jms\105192\20-18482-3\task9751719\18482-3-be.htm',USER='105192',CD='Jul  2 16:58 2020' -->


<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 1. Reports to Stockholders.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\jms\105192\20-18482-3\task9751719\18482-3-bg.htm',USER='105192',CD='Jul  2 16:59 2020' -->


<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial"><img width="306" height="78" src="g184823bi01i001.gif"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="7" face="Arial" style="font-size:32.0pt;">Aberdeen Japan Equity<br> Fund,&nbsp;Inc. (JEQ)</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><b><font size="3" face="Arial" style="font-size:12.0pt;font-weight:bold;">Semi-annual Report</font></b><font size="3" face="Arial" style="font-size:12.0pt;"><br> April&nbsp;30, 2020</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Arial"><img width="720" height="554" src="g184823bi01i002.jpg"></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105889\20-18482-3\task9748452\18482-3-bi-01.htm',USER='105889',CD='Jun 30 12:53 2020' -->


<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Stockholder Letter </font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited)</font></b></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="4" face="Arial" style="font-size:15.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
</div>
<br clear="all" style="page-break-before:auto;">
<div><div style="float:left;margin:right=3%;position:relative;width:47%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Dear Stockholder,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">We present this Semi-Annual Report, which covers the activities of Aberdeen Japan Equity Fund,&nbsp;Inc. (the &#147;Fund&#148;), for the six-month period ended April&nbsp;30, 2020. The Fund&#146;s investment objective is to outperform over the long term, on a total return basis (including appreciation and dividends), the Tokyo Stock Price Index (&#147;TOPIX&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">Total Investment Return</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">For the six-month period ended April&nbsp;30, 2020, the total return to stockholders of the Fund based on the net asset value (&#147;NAV&#148;) and market price of the Fund compared to the Fund&#146;s benchmark in US dollar terms is as follows:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="71%" valign="top" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:71.18%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.96%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="71%" valign="top" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:2.15pt 0in 0in 0in;width:71.18%;">
<p style="margin:0in 0in .0001pt 13.0pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">NAV*</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:2.15pt 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:2.15pt 0in 0in 0in;width:3.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:2.15pt 0in 0in 0in;width:3.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:2.15pt 0in 0in 0in;width:16.96%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">-5.9%</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:2.15pt 0in 0in 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="71%" valign="top" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:0in 0in 0in 0in;width:71.18%;">
<p style="margin:0in 0in .0001pt 13.0pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Market Price*</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:0in 0in 0in 0in;width:3.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:0in 0in 0in 0in;width:3.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:0in 0in 0in 0in;width:16.96%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">-6.3%</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:0in 0in 0in 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="71%" valign="top" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:0in 0in 0in 0in;width:71.18%;">
<p style="margin:0in 0in .0001pt 13.0pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Tokyo Stock Price Index (Net Dividends)</font><font size="1" face="Arial" style="font-size:5.0pt;position:relative;top:-5.0pt;">1,2</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:0in 0in 0in 0in;width:3.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:0in 0in 0in 0in;width:3.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:0in 0in 0in 0in;width:16.96%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">-10.1%</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:0in 0in 0in 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="71%" valign="top" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:71.18%;">
<p style="margin:0in 0in .0001pt 13.0pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Tokyo Stock Price Index (Gross Dividends)</font><font size="1" face="Arial" style="font-size:5.0pt;position:relative;top:-5.0pt;">1</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:3.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:3.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:16.96%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">-9.9%</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:3.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">*&nbsp;&nbsp;assuming the reinvestment of all dividends and distributions</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The Fund&#146;s total return is based on the reported NAV for each financial reporting period end and may differ from what is reported on the Financial Highlights due to financial statement rounding or adjustments. For more information about Fund performance please see the Report of the Investment Manager (page&nbsp;3) and Total Investment Returns (page&nbsp;6).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">NAV and Share Price</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The below table represents comparison from current six-month period end to prior fiscal year end of Market Price to NAV and associated Discount.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="37%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:37.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="12%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">NAV</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="24%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:24.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Closing<br>   Market&nbsp;Price</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="18%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:18.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Discount</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="37%" valign="top" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:2.15pt 0in 0in 0in;width:37.0%;">
<p style="margin:0in 0in .0001pt 13.0pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">4/30/2020</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:2.15pt 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:2.15pt 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">$8.17</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:2.15pt 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="24%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:2.15pt 0in 0in 0in;width:24.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">$6.83</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:2.15pt 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="18%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:2.15pt 0in 0in 0in;width:18.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">16.4%</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:2.15pt 0in 0in 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="37%" valign="top" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:37.0%;">
<p style="margin:0in 0in .0001pt 13.0pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">10/31/2019</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">$8.97</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="24%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:24.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">$7.53</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="18%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:18.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">16.1%</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Throughout the six-month period ended April&nbsp;30, 2020, the Fund&#146;s NAV was within a range of $6.59 to $9.30 and the Fund&#146;s market price traded within a range $5.13 to $8.06. Throughout the six-month period</font></p>

</div><div style="float:right;margin:left=3%;position:relative;width:47%;"><p style="margin:0in 0in .0001pt;"></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">ended April&nbsp;30, 2020, the Fund&#146;s shares traded within a range of a discount of 11.5% to 23.6%.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">Special Shareholder Meeting &#150; Changes to Fundamental Investment Restriction</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">On May&nbsp;27, 2020, shareholders of the Fund approved a change to the Fund&#146;s fundamental investment restriction related to borrowing or issuing senior securities to permit the Fund to borrow for any purpose, including for investment purposes, up to the limit imposed by the 1940 Act, which is 33 1/3% of the value of the Fund&#146;s total assets (instead of 10% of its total assets), except with respect to amounts borrowed for emergency purposes, which are not subject to the 33 1/3% limit so long as they are repaid within 60 days and meet certain other criteria.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The Board of Directors has determined in order to provide the portfolio managers with additional flexibility to meet the Fund&#146;s investment objectives, the Fund will begin to use leverage as permitted under the Fund&#146;s investment restrictions and organizational documents. The portfolio management team currently anticipates using leverage, under normal circumstances, in the amount of approximately 10%-15% of the Fund&#146;s total assets over the longer term. Depending on market conditions, the Fund may borrow more or less than 10%-15% of the Fund&#146;s total assets (but may not exceed the limits imposed by the 1940 Act or any rule, order or interpretation thereunder). No material changes in the Fund&#146;s portfolio composition or investment approach are expected as a result of the Fund&#146;s use of leverage. To the extent the Fund utilizes leverage, it will be exposed to additional risks, including the risk that the costs of leverage could exceed the income earned by the Fund on the proceeds of such leverage. The use of leverage will increase the volatility of changes in the Fund&#146;s net asset value, market price and distributions. Additionally, in the event of a general market decline in the value of the Fund&#146;s assets, the effect of that decline will be magnified in the Fund because of the additional assets purchased with the proceeds of the leverage.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">Changes to Principal Investment Strategies</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">On April&nbsp;13, 2020, the Fund announced that certain updates have been made to its principal investment strategies to (i)&nbsp;remove a minimum market cap restriction of Yen30bn related to securities in</font></p>
</div></div>
<br clear="all" style="page-break-before:auto;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .2in;text-align:justify;text-indent:-.2in;"><font size="1" face="Arial" style="font-size:8.0pt;">1</font><font size="1" face="Arial" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" face="Arial" style="font-size:8.0pt;">The Tokyo Stock Price Index (&#147;TOPIX&#148;) is a free-float adjusted market capitalization-weighted index that is calculated based on all the domestic common stocks listed on the Tokyo Stock Exchange First Section. The TOPIX Index shows the measure of current market capitalization assuming that market capitalization as of the base date (January&nbsp;4, 1968) is 100 points. Indices are unmanaged and have been provided for comparison purposes only. No fees or expenses are reflected. You cannot invest directly in an index.</font></p>
<p style="margin:0in 0in .0001pt .2in;text-align:justify;text-indent:-.2in;"><font size="1" face="Arial" style="font-size:8.0pt;">2</font><font size="1" face="Arial" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" face="Arial" style="font-size:8.0pt;">At a meeting held on December&nbsp;10, 2019, the Fund&#146;s Board of Trustees approved a change in the Fund&#146;s benchmark from the Tokyo Stock Price Index(Gross Dividends) to the Tokyo Stock Price Index(Net Dividends). The change from a gross to a net dividend benchmark is in line with industry practice and is more appropriate for the Fund, as it is also calculated net of withholding taxes, to which the Fund is generally subject. The change in benchmark does not affect the investment objective of the Fund, nor the way in which the portfolio is managed.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.34%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.26%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.4%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">1</font></b><a name="PB_1_141452_7748"></a></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="PB_1_130121_8352"></a><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
</div>
<!-- SEQ.=1,FOLIO='1',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-03.htm',USER='105342',CD='Jul  1 16:31 2020' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Stockholder Letter </font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited) (continued)</font></b></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="4" face="Arial" style="font-size:15.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
</div>
<br clear="all" style="page-break-before:auto;">
<div><div style="float:left;margin:right=3%;position:relative;width:47%;">
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">which the Fund is permitted to invest to provide the portfolio management team more flexibility to invest in small cap companies and (ii)&nbsp;to describe the manager&#146;s evaluation of long term value by examining a spectrum of considerations such as governance and risk management, including those risks often referred to as environmental, social and governance factors (&#147;ESG&#148;) and (iii)&nbsp;revise disclosure relating to temporary investments to bring the Fund in line with other U.S. registered funds and provide the portfolio management team with more flexibility to invest in cash and cash equivalents during stressed market conditions. These changes were effective as of the date of the announcement on April&nbsp;13, 2020. These changes are intended to provide the portfolio managers with additional flexibility to meet the Fund&#146;s investment objective, but no changes to the investment manager&#146;s fundamental investment philosophy or approach will result.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">Discount Management Program</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Under the Fund&#146;s Discount Management Program, the Fund&#146;s Board of Directors has authorized management to make open market purchases, from time to time, in a maximum aggregate amount during each twelve month period ended October&nbsp;31 of up to 10% of the Fund&#146;s shares of stock outstanding as of October&nbsp;31 of the prior year. Such purchases may be made opportunistically at certain discounts to net asset value per share when, in the reasonable judgment of management based on historical discount levels and current market conditions, such repurchases may enhance stockholder value. During the six-month period ended April&nbsp;30, 2020, the Fund did not repurchase any shares.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">Unclaimed Share Accounts</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Please be advised that abandoned or unclaimed property laws for certain states require financial organizations to transfer (escheat) unclaimed property (including Fund shares) to the state. Each state has its own definition of unclaimed property, and Fund shares could be considered &#147;unclaimed property&#148; due to account inactivity (e.g., no owner-generated activity for a certain period), returned mail (e.g., when mail sent to a shareholder is returned to the Fund&#146;s transfer agent as undeliverable), or a combination of both. If your Fund shares are categorized as unclaimed, your financial advisor or the Fund&#146;s transfer agent will follow the applicable state&#146;s statutory requirements to contact you, but if unsuccessful, laws may require that the shares be escheated to the appropriate state. If this happens, you will have to contact the state to recover your property, which may involve time and expense. For more information on unclaimed property and how to maintain an active account, please contact your financial adviser or the Fund&#146;s transfer agent.</font></p>

</div><div style="float:right;margin:left=3%;position:relative;width:47%;"><p style="margin:0in 0in .0001pt;"></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">Portfolio Holdings Disclosure</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The Fund&#146;s complete schedule of portfolio holdings for the second and fourth quarters of each fiscal year are included in the Fund&#146;s semiannual and annual reports to stockholders. The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (the &#147;SEC&#148;) for the first and third quarters of each fiscal year as an exhibit to its reports on Form&nbsp;N-PORT (previously on Form&nbsp;N-Q). These reports are available on the SEC&#146;s website at http://www.sec.gov. The Fund makes this information available to shareholders upon request and without charge by calling Investor Relations toll-free at 1-800-522-5465.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">Proxy Voting</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information regarding how the Fund voted proxies relating to portfolio securities during the most recent twelve months ended June&nbsp;30 is available by August&nbsp;31 of the relevant year: (i)&nbsp;upon request and without charge by calling Investor Relations toll-free at 1-800-522-5465; and (ii)&nbsp;on the SEC&#146;s website at http://www.sec.gov.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">COVID-19</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The respiratory illness COVID-19 caused by a novel coronavirus has resulted in a global pandemic and major disruption to economies and markets around the world, including the United States. Financial markets have experienced extreme volatility and severe losses, and trading in many instruments has been disrupted. Liquidity for many instruments has been greatly reduced for periods of time. Some interest rates are very low and in some cases yields are negative. Some sectors of the economy and individual issuers have experienced particularly large losses. These circumstances may continue for an extended period of time, and may continue to affect adversely the value and liquidity of the Fund&#146;s investments. The ultimate economic fallout from the pandemic, and the long-term impact on economies, markets, industries and individual issuers, including the Fund, are not known. Governments and central banks, including the Federal Reserve in the U.S., have taken extraordinary and unprecedented actions to support local and global economies and the financial markets. The impact of these measures, and whether they will be effective to mitigate the economic and market disruption, will not be known for some time.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">Investor Relations Information</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">As part of our commitment to stockholders, we invite you to visit the Fund on the web at www.aberdeenjeq.com. Here, you can view monthly fact sheets, quarterly commentary, distribution, and performance information, and other Fund literature.</font></p>
</div></div>
<br clear="all" style="page-break-before:auto;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.34%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">2</font></b><a name="PB_2_141452_141"></a></p>    </td>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.26%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen   Japan Equity Fund,&nbsp;Inc.</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.4%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="PB_2_130151_7056"></a><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
</div>
<!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-03.htm',USER='105342',CD='Jul  1 16:31 2020' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Stockholder Letter </font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited) (concluded)</font></b></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="4" face="Arial" style="font-size:15.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
</div>
<br clear="all" style="page-break-before:auto;">
<div><div style="float:left;margin:right=3%;position:relative;width:47%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Enroll in our email services today and be among the first to receive the latest closed-end fund news, announcements, videos and important Fund information. In addition, you can receive electronic versions of important Fund documents. Sign up today at https://www. aberdeenstandard.com/en-us/cefinvestorcenter/contact-us/preferences</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Contact Us:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .2in;text-indent:-.2in;"><font size="2" face="Symbol" style="font-size:9.5pt;">&#183;</font><font size="1" face="Arial" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" face="Arial" style="font-size:9.5pt;">Visit: aberdeenstandard.com/en-us/cefinvestorcenter</font></p>
<p style="margin:0in 0in .0001pt .2in;text-indent:-.2in;"><font size="2" face="Symbol" style="font-size:9.5pt;">&#183;</font><font size="1" face="Arial" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" face="Arial" style="font-size:9.5pt;">Email: Investor.Relations@aberdeenstandard.com; or</font></p>
<p style="margin:0in 0in .0001pt .2in;text-align:justify;text-indent:-.2in;"><font size="2" face="Symbol" style="font-size:9.5pt;">&#183;</font><font size="1" face="Arial" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" face="Arial" style="font-size:9.5pt;">Call: 1-800-522-5465 (toll-free in the U.S.).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Yours sincerely,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">/s/ Alan Goodson</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Alan Goodson</font></b><font size="2" face="Arial" style="font-size:9.5pt;"><br> President</font></p>

</div><div style="float:right;margin:left=3%;position:relative;width:47%;"><p style="margin:0in 0in .0001pt;"></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
</div></div>
<br clear="all" style="page-break-before:auto;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.34%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.26%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.4%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">3</font></b><a name="PB_3_141452_7608"></a></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="PB_3_130218_5335"></a><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
</div>
<!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-03.htm',USER='105342',CD='Jul  1 16:31 2020' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Report of the Investment Manager </font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited)</font></b></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="4" face="Arial" style="font-size:15.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
</div>
<br clear="all" style="page-break-before:auto;">
<div><div style="float:left;margin:right=3%;position:relative;width:47%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">Market/economic review</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">After an initial period of rising investor optimism as the U.S. and China signed a preliminary deal signaling a rapprochement in the trade tariff wars and with expectations for improved domestic corporate earnings, the Japanese stock market, as measured by the Tokyo Stock Price Index (TOPIX), fell -10.1% for the six-month period ended April&nbsp;30, 2020, declining sharply in tandem with global stock markets as COVID-19 became a pandemic, thereby threatening the global economy.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">It appears that Japan has done well to contain the virus and to limit the human cost. However, the country has not been immune to the economic collateral damage resulting from the pandemic. Declining international trade, disrupted global supply chains and the government&#146;s state of emergency declaration are expected to shrink Japan&#146;s economy by approximately 5% in 2020.* The monetary and fiscal responses have been sizable, with the Bank of Japan ramping up its monetary policy easing through bond purchases. Prime Minister Shinzo Abe has also approved emergency economic measures with a US$240 billion supplementary budget.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Meanwhile, the Japanese government agreed with the International Olympic Committee to postpone the 2020 Tokyo Olympics until the summer of 2021, amid growing pressure from the worldwide sports community due to the pandemic.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">Fund performance</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Aberdeen Japan Equity Fund returned -5.9% on a net asset value basis for the six-month period ended April&nbsp;30, 2020, versus the -10.1% return of its benchmark, the TOPIX (Net Dividends). The Fund&#146;s outperformance during a volatile period globally was attributable to prudent asset allocation and strong stock selection.</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:6.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Among individual stocks, the Fund&#146;s healthcare-related holdings performed well, with Chugai Pharmaceutical Co. Ltd. posting healthy sales of its comprehensive pipeline of drugs and clarity in future earnings. In March&nbsp;2020, the firm&#146;s in-house drug Actemra was being trialed by its parent company, Swiss drug-maker Roche Holdings AG (which the Fund does not own), as a potential treatment for critical cases of COVID-19. Similarly, the Fund&#146;s position in Welcia Holdings Co. Ltd. benefited performance as the drugstore chain operator posted strong same-store sales numbers during the reporting period.</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:6.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Shares of the Fund&#146;s holding in NEC Networks&nbsp;&amp; System Integration Corp. rose as the technology services provider reported better-than-expected earnings for the third quarter of its 2020 fiscal year due to network integration demand for a wide range of applications from office and social infrastructure. Other than the structural boost from 5G wireless technology-related investment, the current COVID-19</font></p>

</div><div style="float:right;margin:left=3%;position:relative;width:47%;"><p style="margin:0in 0in .0001pt;"></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">environment, which led to the push to work from home, underscored the need for more robust and innovative digital infrastructure in businesses, a trend that directly benefits NEC Networks&nbsp;&amp; System Integration.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Conversely, Fund performance for the reporting period was hampered by the holding in baby products maker Pigeon Corp. The company&#146;s earnings for its 2019 fiscal year were hurt by the Japanese yen&#146;s strength as well as domestic pressures. The impact from the ongoing COVID-19 pandemic is also expected to weigh on the company&#146;s business. Encouragingly, in our view, Pigeon Corp. unveiled medium-term plans to mitigate these challenges through the introduction of higher-value-added products, as well as through the expansion into new product categories. Moreover, management believes that underlying growth trends in mainland China remain intact, as evidenced by order flows, and the company is trying to compensate for a downturn in business in February.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Other detractors from Fund performance included conference room operator TKP Corp. and IT services company Net One Systems Co. Ltd. While TKP remains a market leader in hotel banquet and conference-management services, the company&#146;s share price fell on investors&#146; fears of the drop in demand for conference rooms and hotels amid the COVID-19 &#147;lockdown.&#148; Investors were also concerned over the health of Net One Systems&#146; balance sheet, particularly as liquidity conditions are now tight.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Net One Systems&#146; stock price moved lower over the reporting period on investors&#146; worries that the company had artificially boosted sales through a series of questionable transactions. We believe that Net One remains well-positioned to benefit from the rising adoption of cloud-computing in Japan. However, this event raised questions about the company&#146;s controls, which we believe is a reflection of the way that it runs its business. These issues are not easy to uncover, and come at a time when we have been increasingly concerned about internal controls of Japanese companies. While their managements face pressure to hit internal targets, they are constrained by an endemic labor shortage; consequently, the firms are increasingly forced to globalize their businesses even as internal processes play catch-up. While we find this development with Net One to be troubling, we believe that it underscores the importance of continual engagement with companies, alongside maintaining capital discipline, as core tenets of a sustainable investment process. We subsequently exited the Fund&#146;s holdings in both TKP Corp. and Net One.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">Fund activity</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Market volatility during the period presented opportunities for us to initiate positions in several companies that we believed had attractive</font></p>
</div></div>
<br clear="all" style="page-break-before:auto;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .2in;text-indent:-.2in;"><font size="2" face="Arial" style="font-size:9.5pt;">*</font><font size="1" face="Arial" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" face="Arial" style="font-size:9.5pt;">Source: Morgan Stanley, May&nbsp;2020.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.34%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">4</font></b><a name="PB_4_141452_8146"></a></p>    </td>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.26%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen   Japan Equity Fund,&nbsp;Inc.</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.4%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>  </table>
</div>
<!-- SEQ.=1,FOLIO='4',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-03.htm',USER='105342',CD='Jul  1 16:31 2020' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><a name="PB_4_130230_5796"></a><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Report of the Investment Manager </font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited) (continued)</font></b></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="4" face="Arial" style="font-size:15.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
</div>
<br clear="all" style="page-break-before:auto;">
<div><div style="float:left;margin:right=3%;position:relative;width:47%;">
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">valuations. Within the industrials sector, we established a new position in multinational conglomerate Sony Corp. We have gained more confidence in the company&#146;s management and underlying business fundamentals, and we remain optimistic on its image-sensor business, where it has a dominant position. The intensifying arms race among smartphone brands for better and more sophisticated camera phones has driven demand for Sony&#146;s next-generation image sensors. In our view, near-term trends also seem reassuring, as the company recently noted that the business has not been severely affected by disruptions caused by the COVID-19 pandemic. Furthermore, we look forward to the release of PlayStation 5, Sony&#146;s next- generation gaming console, which is expected sometime in 2020, to boost investor sentiment in the stock. Finally, Sony recently announced its intention to acquire the remaining 35% stake in its Tokyo Stock Exchange-listed financial subsidiary, Sony Financial Holdings Inc (SFH), for US$3.7 billion. We believe that Sony&#146;s strategy and capital management policies generally have been sensible and well-communicated under Chief Executive Officer Kenichiro Yoshida&#146;s leadership. However, while we believe that management has made a sound tactical and financial case for acquiring SFH &#150; namely, earnings-per-share accretion, tax merits and earnings stability &#150; it was less forthcoming about its strategic and synergistic motives. Nonetheless, we believe that management will generate long-term value from the deal for shareholders. We are also aware that management will likely want to &#147;keep its cards close&#148; to avoid paying a higher premium for SFH.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Additionally, we initiated a holding in control equipment maker Azbil Corp., which is dominant in the domestic building-automation market, attributable to its track record and a loyal customer base, and we believe that it should profit from growth of the higher-margin maintenance business, as building equipment ages; Zuken Inc., the global leader in high-end electronic design automation software for printed circuits and circuit boards, as we anticipate that the company should benefit from the electrification of the automotive industry and the rise of smart connected devices; Daifuku Co. Ltd., a leading provider of material handling systems used primarily in semiconductor storage and transportation systems, as well as e-commerce operations &#150; areas seeing longer-term growth and requiring much expert customization; and Advantest Corp., which operates in a duopolistic market of semiconductor testing equipment, with demand expected to rise from increasingly complex components and from a wider range of applications, including 5G networks.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">In the healthcare sector, we initiated a position in drug-maker Astellas Pharma Inc. The Fund had held a position in Astellas Pharma in the past, but we sold the shares on our concerns of a decline in revenue</font></p>

</div><div style="float:right;margin:left=3%;position:relative;width:47%;"><p style="margin:0in 0in .0001pt;"></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">when its patents expire. The company has since invested in technology, as well as research and development, especially in leading-edge areas such as biotechnology. In our view, this has given Astellas Pharma a richer product pipeline.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The information technology sector was no less eventful over the reporting period, and we found what we believe is an attractive opportunity in Advanced Media Inc., a Japanese market leader that engages in speech-recognition solutions for applications, such as medical, call center, logistics, conference proceedings, mobile, and language education. These can be used for a wide range of functions, including automated minutes writing, voice input and real-time monitoring of contact-center conversations, which in our view positions the company well as various sectors seek to improve productivity due to the tight labor market.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">In the telecommunications sector, we established a new position in Okinawa Cellular Telephone Co., the leading mobile and communication services provider in a region that continues to register population growth. We believe that the company&#146;s extensive local sales network and coverage enables it to defend its local market share.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Within the financials sector, we initiated a holding in Nihon M&amp;A Center Inc., a small- and medium-sized enterprise (SME)-focused mergers-and-acquisitions (M&amp;A) advisory firm. In our opinion, a lack of succession planning and aging management threaten the business continuity of SMEs in Japan. The average age of SME chief executives is nearly 70, and roughly 70% of the companies lack a clear successor. Nihon M&amp;A has been successful in introducing these SMEs to potential buyers and partners; the company has built an unparalleled network of banks, accountants, financial advisors and other entities to seek potential buyers and sellers. We believe that the company will continue to expand its dominant position in this niche market.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">On the flipside, in addition to TKP Corp. and Net One Systems as previously noted, we also exited the Fund&#146;s position in Okinawa-based supermarket chain San-A Co. Ltd. due to our concerns of weakening profitability due to cost pressures from new store openings and rising wages. We also sold the Fund&#146;s shares in medical equipment maker Mani Inc. as we believed that its valuation was no longer attractive. Finally, we exited the position in personal care products company Mandom Corp. Given the company&#146;s lack of overseas execution and limited disclosure improvement, we believed that we could reinvest the sales proceeds into more attractive investment opportunities elsewhere.</font></p>
</div></div>
<br clear="all" style="page-break-before:auto;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.34%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.26%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.4%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">5</font></b><a name="PB_5_141452_7091"></a></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="PB_5_130242_2897"></a><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">&nbsp;</font></b></p>
</div>
<!-- SEQ.=1,FOLIO='5',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-03.htm',USER='105342',CD='Jul  1 16:31 2020' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Report of the Investment Manager </font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited) (concluded)</font></b></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="4" face="Arial" style="font-size:15.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
</div>
<br clear="all" style="page-break-before:auto;">
<div><div style="float:left;margin:right=3%;position:relative;width:47%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">Outlook</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">In our opinion, the global economic outlook remains highly uncertain amid mounting concerns of a sharp &#150; and possibly prolonged &#150; downturn. While we believe that fiscal and monetary stimuli will help to support global economies, the more important factor is how quickly infections are contained and economic activity is restored.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Many of Japan&#146;s companies, which have increasingly ventured abroad in search for better growth prospects, will be subject to these risks. And while the current affliction has had a relatively lower impact on Japan compared to other major economies, the repercussion of a global slowdown most likely will shake Japan&#146;s economy, which is already reeling from the effects of months of poor inbound travel and weak consumer sentiment.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Nevertheless, we believe that the fundamentals of the Fund&#146;s underlying stock holdings remain robust. In our view, the companies retain healthy balance sheets and generate free cash flow, while their management teams have experience weathering prior disruptions. Many are global market leaders in their respective industries with deep competitive moats, or have businesses that address longer-term structural issues in Japan, such as the growing labor shortage due to an aging population.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">We believe the strong &#147;quality&#148; characteristics of the Fund&#146;s holdings, coupled with the adept and swift responses by managements during</font></p>

</div><div style="float:right;margin:left=3%;position:relative;width:47%;"><p style="margin:0in 0in .0001pt;"></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">the onset of the crisis, will enable these companies to weather this storm better than their peers. Furthermore, the COVID-19 crisis has instilled in us greater confidence in the mid-term prospects of the Fund&#146;s investments; management of several Fund holdings, including global medical technology company Hoya Corp., furniture retailer Nitori Co. Ltd., and property and casualty insurer Tokio Marine Holdings Inc., have reiterated that they see this an opportunity to further streamline operations and/or expand market share via M&amp;A or by seeking to acquire companies that may succumb to the pressures of the pandemic.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">Risk Considerations</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Past performance is not an indication of future results.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">International investing entails special risk considerations, including currency fluctuations, lower liquidity, economic and political risks, and differences in accounting methods. Concentrating investments in the Japan region subjects the Fund to more volatility and greater risk of loss than geographically diverse funds.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Equity stocks of small and mid-cap companies carry greater risk, and more volatility than equity stocks of larger, more established companies.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="3" face="Arial" style="font-size:12.0pt;font-style:italic;font-weight:bold;">Aberdeen Standard Investments (Asia) Limited</font></i></b></p>
</div></div>
<br clear="all" style="page-break-before:auto;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Arial" style="font-size:12.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.34%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">6</font></b><a name="PB_6_141452_455"></a></p>    </td>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.26%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen   Japan Equity Fund,&nbsp;Inc.</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.4%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='6',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-03.htm',USER='105342',CD='Jul  1 16:31 2020' -->


<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="5" face="Arial" style="font-size:18.0pt;">Total Investment Return</font><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">  </font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited)</font></b></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The following table summarizes the average annual Fund total investment return compared to the TOPIX, the Fund&#146;s benchmark, for the 6-month, 1-year, 3-year, 5-year and 10-year periods as of April&nbsp;30, 2020.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="31%" valign="top" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:31.14%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 2.9pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="top" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.28%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 2.9pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">6&nbsp;Months</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">1&nbsp;Year</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.2%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">3&nbsp;Years</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.2%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">5&nbsp;Years</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.2%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">10&nbsp;Years</font></b></p>    </td>
<td width="3%" valign="top" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:3.36%;">
<p align="right" style="line-height:13.0pt;margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="31%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:31.14%;">
<p style="line-height:13.0pt;margin:2.0pt 0in .0001pt 5.75pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Net Asset Value (NAV)</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.28%;">
<p style="line-height:13.0pt;margin:2.0pt 0in .0001pt 2.9pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">-5.9%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1.7%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.2%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2.1%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.2%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">3.0%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.2%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">5.6%</font></p>    </td>
<td width="3%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:3.36%;">
<p align="right" style="line-height:13.0pt;margin:2.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:31.14%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 5.75pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Market Price</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.28%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 2.9pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">-6.3%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">-0.9%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.2%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">-0.3%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.2%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1.6%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.2%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">4.7%</font></p>    </td>
<td width="3%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:3.36%;">
<p align="right" style="line-height:13.0pt;margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:31.14%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 5.75pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Tokyo Stock Price Index (Net Dividends)</font><font size="1" face="Arial" style="font-size:5.0pt;position:relative;top:-5.0pt;">1</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.28%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 2.9pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">-10.1%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">-3.6%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.2%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1.9%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.2%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2.5%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.2%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">4.7%</font></p>    </td>
<td width="3%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:3.36%;">
<p align="right" style="line-height:13.0pt;margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:31.14%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 5.75pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Tokyo Stock Price Index (Gross DIvidends)</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.28%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 2.9pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">-9.9%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">-3.3%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.2%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2.3%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.2%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2.9%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.2%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">5.0%</font></p>    </td>
<td width="3%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:3.36%;">
<p align="right" style="line-height:13.0pt;margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:3.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><i><font size="2" face="Arial" style="font-size:9.5pt;font-style:italic;">Aberdeen Standard Investments Inc. has entered into an agreement with the Fund to limit investor relations services fees, without which performance would be lower. This agreement aligns with the term of the advisory agreement and may not be terminated prior to the end of the current term of the advisory agreement. See Note 3 in the Notes to Financial Statements. Returns represent past performance. Total investment return at NAV is based on changes in the NAV of Fund shares and assumes reinvestment of dividends and distributions, if any, at market prices pursuant to the dividend reinvestment program sponsored by the Fund&#146;s transfer agent. All return data includes fees charged to the Fund, which are listed in the Fund&#146;s Statement of Operations under &#147;Expenses&#148;. The Fund&#146;s total investment return is based on the reported NAV on each financial reporting period end. Total investment return at market value is based on changes in the market price at which the Fund&#146;s shares traded on the NYSE during the period and assumes reinvestment of dividends and distributions, if any, at market prices pursuant to the Fund&#146;s dividend reinvestment program. Because the Fund&#146;s shares trade in the stock market based on investor demand, the Fund may trade at a price higher or lower than its NAV. Therefore, returns are calculated based on both market price and NAV. <b>Past performance is no guarantee of future results.</b> The performance information provided does not reflect the deduction of taxes that a stockholder would pay on distributions received from the Fund. The current performance of the Fund may be lower or higher than the figures shown. The Fund&#146;s yield, return, market price and NAV will fluctuate. Performance information current to the most recent month-end is available at www.aberdeenjeq.com or by calling 800-522-5465.</font></i></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:3.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><i><font size="2" face="Arial" style="font-size:9.5pt;font-style:italic;">The annualized net operating expense ratio based on the six-month period ended April&nbsp;30, 2020 was 0.91%.</font></i></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 10.1pt;text-align:justify;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">1&nbsp;&nbsp;At a meeting held on December&nbsp;10, 2019, the Fund&#146;s Board of Trustees approved a change in the Fund&#146;s benchmark from the Tokyo Stock Price Index(Gross Dividends) to the Tokyo Stock Price Index(Net Dividends). The change from a gross to a net dividend benchmark is in line with industry practice and is more appropriate for the Fund, as it is also calculated net of withholding taxes, to which the Fund is generally subject. The change in benchmark does not affect the investment objective of the Fund, nor the way in which the portfolio is managed.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font><font size="1" face="Arial" style="font-size:7.0pt;">&nbsp;&nbsp;</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:7.0pt;">7</font><a name="PB_7_163108_7056"></a></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='7',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-05.htm',USER='105342',CD='Jul  1 16:43 2020' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="5" face="Arial" style="font-size:18.0pt;">Portfolio Composition</font><b><font size="2" face="Times New Roman" style="font-size:11.0pt;font-weight:bold;">  </font></b><b><font size="2" face="Times New Roman" style="font-size:11.0pt;font-weight:bold;">(unaudited)</font></b></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The following table summarizes the sector composition of the Fund&#146;s portfolio, in S&amp;P Global Inc.&#146;s Global Industry Classification Standard (&#147;GICS&#148;), expressed as a percentage of net assets. The GICS structure consists of 11 sectors, 24 industry groups, 69 industries and 158 sub-industries. As of April&nbsp;30, 2020, the Fund did not have more than 25% of its assets invested in any single industry or industry group. The sectors, as classified by GICS Sectors, are comprised of several industries. As of April&nbsp;30, 2020, the Fund held 98.9% of its net assets in equities and 1.1% in other assets in excess of liabilities.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="64%" valign="top" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 5.75pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Sectors</font></b></p>    </td>
<td width="2%" valign="top" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="33%" valign="top" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">As a Percentage of Net Assets</font></b></p>    </td>   </tr>
<tr>
<td width="64%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Industrials</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:2.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:2.0pt 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">21.4</font><font size="2" face="Arial" style="font-size:9.5pt;">%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Information   Technology</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">17</font><font size="2" face="Arial" style="font-size:9.5pt;">.2</font><font size="2" face="Arial" style="font-size:9.5pt;">%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Consumer   Discretionary</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">13.0%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Health   Care</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">12.1%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Consumer   Staples</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">9.5%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Materials</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">8.5%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Financials</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">7.6%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Communication   Services</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">5.9%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Real   Estate</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">3.7%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Other   Assets in Excess of Liabilities</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">1.1%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">100.0%</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:3.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Amounts listed as &#147;&#150;&#147; are 0% or round to 0%.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="5" face="Arial" style="font-size:18.0pt;">Top Ten Equity Holdings</font><b><font size="2" face="Times New Roman" style="font-size:11.0pt;font-weight:bold;">  </font></b><b><font size="2" face="Times New Roman" style="font-size:11.0pt;font-weight:bold;">(unaudited)</font></b></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">The following were the Fund&#146;s top ten equity holdings as of April&nbsp;30, 2020:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="64%" valign="top" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 5.75pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Name of Security</font></b></p>    </td>
<td width="2%" valign="top" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="33%" valign="top" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">As a Percentage of Net Assets</font></b></p>    </td>   </tr>
<tr>
<td width="64%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:2.0pt 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Chugai   Pharmaceutical Co. Ltd.</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:2.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="font-size:10.0pt;line-height:13.0pt;margin:2.0pt 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">4.5</font><font face="Arial">%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Shin-Etsu   Chemical Co. Ltd.</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="font-size:10.0pt;line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">4.2</font><font face="Arial">%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Tokio   Marine Holdings,&nbsp;Inc.</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">4.0%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">KDDI   Corp.</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">3.7%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Toyota   Motor Corp.</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">3.6%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Keyence   Corp.</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">3.5%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Daikin   Industries Ltd.</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">3.4%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Amada   Co. Ltd.</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">3.1%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Welcia   Holdings Co. Ltd.</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2.7%</font></p>    </td>   </tr>
<tr>
<td width="64%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:64.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.85pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Nippon   Paint Holdings Co. Ltd.</font></p>    </td>
<td width="2%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.34%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 5.75pt .0001pt 0in;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2.6%</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:7.0pt;">8</font><a name="PB_8_163108_5335"></a></p>    </td>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.92%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:7.0pt;">&nbsp;&nbsp;Aberdeen   Japan Equity Fund, Inc.</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" color="#8e3092" face="Arial" style="color:#8E3092;font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='8',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-05.htm',USER='105342',CD='Jul  1 16:43 2020' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="5" face="Arial" style="font-size:18.0pt;">Portfolio of Investments </font><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:11.0pt;">&nbsp;</font></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Arial" style="font-size:11.0pt;">As of April&nbsp;30, 2020</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="70%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:70.0%;">
<p align="center" style="margin:0in 0in .0001pt 10.1pt;text-align:center;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:70.0%;">
<p align="center" style="margin:0in 0in .0001pt 10.1pt;text-align:center;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Shares&nbsp;or<br>   Principal<br>   Amount</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in .2in .0001pt 0in;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Value</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="bottom" bgcolor="#E7E7E8" style="background:#E7E7E8;padding:0in 0in 0in 0in;width:70.0%;">
<p align="center" style="margin:0in 0in .0001pt 10.1pt;text-align:center;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#E7E7E8" style="background:#E7E7E8;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#E7E7E8" style="background:#E7E7E8;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#E7E7E8" style="background:#E7E7E8;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#E7E7E8" style="background:#E7E7E8;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#E7E7E8" style="background:#E7E7E8;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="font-size:10.0pt;line-height:13.0pt;margin:2.0pt 0in .0001pt 5.0pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">COMMON</font></b><b><font face="Arial" style="font-weight:bold;"> STOCKS&#151;(98.9%)</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="font-size:10.0pt;line-height:13.0pt;margin:2.0pt 0in .0001pt 5.0pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">JAPAN</font></b><b><font face="Arial" style="font-weight:bold;">&#151;(98.9%)</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="font-size:10.0pt;line-height:13.0pt;margin:2.0pt 0in .0001pt 5.0pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Communication</font></b><b><font face="Arial" style="font-weight:bold;"> Services&#151;(5.9%)</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">KDDI Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">142,000</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">$&nbsp;&nbsp;&nbsp;&nbsp;4,112,926</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Okinawa Cellular Telephone Co.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">18,500</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">706,427</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Z Holdings Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">429,600</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,657,966</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">6,477,319</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">Consumer Discretionary&#151;(13.0%)</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Musashi Seimitsu Industry Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">73,100</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">591,855</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:1.45pt 0in 1.45pt 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Nitori Holdings Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:1.45pt 0in 1.45pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:1.45pt 0in 1.45pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">11,500</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:1.45pt 0in 1.45pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:1.45pt 0in 1.45pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,762,671</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:1.45pt 0in 1.45pt 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Resorttrust,&nbsp;Inc.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">95,900</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">983,240</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Sony Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">34,100</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2,194,474</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Stanley Electric Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">67,800</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,544,777</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Toyota Motor Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">63,100</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">3,901,275</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">USS Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">90,100</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,426,719</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Yamaha Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">45,600</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,840,656</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">14,245,667</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">Consumer Staples&#151;(9.5%)</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Ain Holdings,&nbsp;Inc.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">29,900</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,677,228</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Milbon Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">21,300</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">934,889</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Pigeon Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">44,100</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,570,394</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Seven&nbsp;&amp; i Holdings Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">32,300</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,069,681</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Shiseido Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">37,400</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2,198,865</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Welcia Holdings Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">40,900</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2,969,273</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">10,420,330</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">Financials&#151;(7.6%)</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Japan Exchange Group,&nbsp;Inc.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">150,400</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2,797,505</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Tokio Marine Holdings,&nbsp;Inc.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">93,300</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">4,377,235</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Tokyo Century Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">34,000</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,162,254</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">8,336,994</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">Health Care&#151;(12.1%)</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">AS One Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">12,900</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,152,398</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Asahi Intecc Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">101,400</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2,686,212</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Astellas Pharma,&nbsp;Inc.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">33,100</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">547,446</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">BML,&nbsp;Inc.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">42,300</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,085,152</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Chugai Pharmaceutical Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">41,300</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">4,923,030</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Hoya Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">17,900</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,632,360</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Shionogi&nbsp;&amp; Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">10,600</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">585,412</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Sysmex Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">8,800</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">607,967</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">13,219,977</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font><font size="1" face="Arial" style="font-size:7.0pt;">&nbsp;&nbsp;</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:7.0pt;">9</font><a name="PB_9_163108_5796"></a></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='9',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-05.htm',USER='105342',CD='Jul  1 16:43 2020' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="5" face="Arial" style="font-size:18.0pt;">Portfolio of Investments </font><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited) (continued)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:11.0pt;">&nbsp;</font></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Arial" style="font-size:11.0pt;">As of April&nbsp;30, 2020</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="70%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:70.0%;">
<p align="center" style="margin:0in 0in .0001pt 10.1pt;text-align:center;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:70.0%;">
<p align="center" style="line-height:13.0pt;margin:0in 0in .0001pt 10.1pt;text-align:center;text-indent:-10.1pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="12%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="center" style="line-height:13.0pt;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Shares   or<br>   Principal<br>   Amount</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="12%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="line-height:13.0pt;margin:0in .2in .0001pt 0in;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Value</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="70%" valign="bottom" bgcolor="#E7E7E8" style="background:#E7E7E8;padding:0in 0in 0in 0in;width:70.0%;">
<p align="center" style="margin:0in 0in .0001pt 10.1pt;text-align:center;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#E7E7E8" style="background:#E7E7E8;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#E7E7E8" style="background:#E7E7E8;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#E7E7E8" style="background:#E7E7E8;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#E7E7E8" style="background:#E7E7E8;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#E7E7E8" style="background:#E7E7E8;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">COMMON STOCKS (continued)</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">JAPAN (continued)</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">Industrials&#151;(21.4%)</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Amada Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">374,200</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">$&nbsp;&nbsp;&nbsp;&nbsp;3,382,408</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Daifuku Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">8,600</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">601,835</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Daikin Industries Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">29,400</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">3,772,928</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Daiwa Industries Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">112,700</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">967,392</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">FANUC Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">3,200</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">522,282</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Makita Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">73,500</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2,393,337</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:1.45pt 0in 1.45pt 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">MISUMI Group,&nbsp;Inc.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:1.45pt 0in 1.45pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:1.45pt 0in 1.45pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">118,500</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:1.45pt 0in 1.45pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:1.45pt 0in 1.45pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2,814,774</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:1.45pt 0in 1.45pt 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Nabtesco Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">83,200</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2,380,796</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Nihon M&amp;A Center,&nbsp;Inc.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">23,800</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">776,413</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Pilot Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">32,300</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,082,135</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Recruit Holdings Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">38,600</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,126,008</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Sakai Moving Service Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">28,400</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,493,482</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">SHO-BOND Holdings Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">54,000</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2,167,193</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">23,480,983</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">Information Technology&#151;(17.2%)</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Advanced Media,&nbsp;Inc.</font><font size="1" face="Arial" style="font-size:5.0pt;position:relative;top:-5.0pt;">(a)</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">62,500</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">539,795</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Advantest Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">5,800</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">281,424</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Azbil Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">59,000</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,551,647</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Elecom Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">63,000</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2,484,480</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Fuji Soft,&nbsp;Inc.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">37,100</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,305,953</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Fukui Computer Holdings,&nbsp;Inc.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">18,900</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">506,145</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Keyence Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">10,600</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">3,784,328</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:2.15pt 0in 2.15pt 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">NEC Networks&nbsp;&amp; System Integration Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">52,500</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2,259,169</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Otsuka Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">46,700</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2,114,467</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Renesas Electronics Corp.</font><font size="1" face="Arial" style="font-size:5.0pt;position:relative;top:-5.0pt;">(a)</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">124,500</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">657,413</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Sanken Electric Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">54,100</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,127,529</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Sansan,&nbsp;Inc.</font><font size="1" face="Arial" style="font-size:5.0pt;position:relative;top:-5.0pt;">(a)</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">9,900</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">485,780</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">SCSK Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">25,300</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,145,316</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Zuken,&nbsp;Inc.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">25,900</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">583,350</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">18,826,796</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">Materials&#151;(8.5%)</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Kansai Paint Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">93,300</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,772,193</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Nippon Paint Holdings Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">49,100</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2,837,756</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Shin-Etsu Chemical Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">42,100</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">4,643,714</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">9,253,663</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">Real Estate&#151;(3.7%)</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Heiwa Real Estate Co. Ltd.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">85,800</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">2,303,799</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Tokyu Fudosan Holdings Corp.</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">362,600</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,773,918</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">4,077,717</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 15.15pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">Total Common Stocks</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">108,339,446</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:7.0pt;">10</font><a name="PB_10_163108_2897"></a></p>    </td>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.92%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:7.0pt;">&nbsp;&nbsp;Aberdeen   Japan Equity Fund, Inc.</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" color="#8e3092" face="Arial" style="color:#8E3092;font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='10',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-05.htm',USER='105342',CD='Jul  1 16:43 2020' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="5" face="Arial" style="font-size:18.0pt;">Portfolio of Investments </font><b><font size="2" face="Times New Roman" style="font-size:11.0pt;font-weight:bold;">(unaudited) (concluded)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Arial" style="font-size:10.0pt;">As of April&nbsp;30, 2020</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="12%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:12.84%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:4.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="3%" colspan="2" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:3.4%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:4.0pt;">&nbsp;</font></p>    </td>
<td width="67%" colspan="3" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:67.44%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:4.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:2.32%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:4.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:4.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:4.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="12%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:12.84%;">
<p align="center" style="line-height:13.0pt;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Shares</font></b></p>    </td>
<td width="3%" colspan="2" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:3.4%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="67%" colspan="3" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:67.44%;">
<p align="center" style="line-height:13.0pt;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Description</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:2.32%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:12.92%;">
<p align="center" style="line-height:13.0pt;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Value<br>   (US$)</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;padding:0in 0in 0in 0in;width:1.08%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="12%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:12.84%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:3.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="3%" colspan="2" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:3.4%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:3.0pt;">&nbsp;</font></p>    </td>
<td width="67%" colspan="3" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:67.44%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:3.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.32%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:3.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:3.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#DCDDDE" style="background:#DCDDDE;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:3.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.84%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="3%" colspan="2" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:3.4%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="67%" colspan="3" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:67.44%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.32%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" colspan="6" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:83.68%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 5.0pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">SHORT-TERM INVESTMENT&#151;0.0%</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.32%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="line-height:13.0pt;margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.08%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" colspan="6" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:83.68%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt 5.0pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">UNITED STATES&#151;0.0%</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.32%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="line-height:13.0pt;margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.08%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="13%" colspan="2" valign="top" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:13.16%;">
<p align="right" style="line-height:13.0pt;margin:0in 0in .0001pt 1.0in;text-align:right;text-indent:-1.0in;"><font size="2" face="Arial" style="font-size:10.0pt;">41,027</font></p>    </td>
<td width="3%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:3.08%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="67%" colspan="3" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:67.44%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">State   Street Institutional U.S. Government Money Market Fund, Premier Class,   0.22%(b)</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.32%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="line-height:13.0pt;margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41,027</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.08%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" colspan="4" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="1" face="Arial" style="font-size:1.5pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:11.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.32%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:1.5pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" colspan="4" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="1" face="Arial" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:11.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.32%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.84%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="3%" colspan="2" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:3.4%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="67%" colspan="3" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:67.44%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">Total Short-Term   Investment&#151;0.0% (cost $41,027)</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.32%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="line-height:13.0pt;margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">41,027</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.08%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" colspan="4" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="1" face="Arial" style="font-size:1.5pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:11.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.32%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:1.5pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" colspan="4" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="1" face="Arial" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:11.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.32%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.84%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="3%" colspan="2" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:3.4%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="67%" colspan="3" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:67.44%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">Total Investments&#151;98.9%   (cost $101,636,391)</font></b><b><font size="1" face="Arial" style="font-size:5.0pt;font-weight:bold;position:relative;top:-5.0pt;">(c)</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.32%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="line-height:13.0pt;margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">108,380,473</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.08%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" colspan="4" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="1" face="Arial" style="font-size:1.5pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:11.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.32%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:1.5pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" colspan="4" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="1" face="Arial" style="font-size:1.5pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:11.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.32%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:1.5pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.84%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="3%" colspan="2" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:3.4%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="67%" colspan="3" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:67.44%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">Other Assets in Excess of Liabilities&#151;1.1%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.32%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="line-height:13.0pt;margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:10.0pt;">1,224,391</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.08%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" colspan="4" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:70.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="1" face="Arial" style="font-size:1.5pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.32%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:1.5pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="70%" colspan="4" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:70.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="1" face="Arial" style="font-size:1.5pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:11.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.32%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:1.5pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.5pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.84%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="3%" colspan="2" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:3.4%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="67%" colspan="3" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:67.44%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">Net Assets&#151;100.0%</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:2.32%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:12.92%;">
<p align="right" style="line-height:13.0pt;margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">$109,604,864</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EBECEC" style="background:#EBECEC;padding:0in 0in 0in 0in;width:1.08%;">
<p style="line-height:13.0pt;margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr height="0">
<td width="91" style="border:none;"></td>
<td width="2" style="border:none;"></td>
<td width="22" style="border:none;"></td>
<td width="381" style="border:none;"></td>
<td width="18" style="border:none;"></td>
<td width="79" style="border:none;"></td>
<td width="16" style="border:none;"></td>
<td width="91" style="border:none;"></td>
<td width="8" style="border:none;"></td>   </tr> </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Arial" style="font-size:10.0pt;">(a)&#160; Non-income producing security.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Arial" style="font-size:10.0pt;">(b)&#160; Registered investment company advised by State Street Global Advisors. The rate shown is the 7 day yield as of April&nbsp;30, 2020.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="2" face="Arial" style="font-size:10.0pt;">(c)&#160; See Note 9 of the accompanying Notes to Financial Statements for tax unrealized appreciation/(depreciation) of </font><font face="Arial">securities</font><font face="Arial">.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">See Notes to Financial Statements.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font><font size="1" face="Arial" style="font-size:7.0pt;">&nbsp;&nbsp;</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:7.0pt;">11</font><a name="PB_11_163108_3020"></a></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='11',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-05.htm',USER='105342',CD='Jul  1 16:43 2020' -->


<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Statement of Assets and Liabilities </font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Arial" style="font-size:9.5pt;">As of April&nbsp;30, 2020</font></p>
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Arial" style="font-size:3.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="83%" valign="top" bgcolor="#DCDCDE" style="background:#DCDCDE;padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="1" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" bgcolor="#DCDCDE" style="background:#DCDCDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Assets</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:6.0pt 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Investments, at value (cost $101,595,364)</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:6.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:6.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">$108,339,446</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:6.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Short-term investments, at value (cost   $41,027)</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">41,027</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Foreign currency, at value (cost $674,200)</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">673,502</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Interest and dividends receivable</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">776,189</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Receivable for investments sold</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">655,047</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Prepaid expenses and other assets</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">12,557</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Total assets</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">110,497,768</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:5.0pt 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Liabilities</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:5.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Payable for investments purchased</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">726,492</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Investment management fees payable (Note 3)</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">28,763</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Investor relations fees payable (Note 3)</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">24,250</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Administration fees payable (Note 3)</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">6,915</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Other accrued expenses</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">106,484</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Total liabilities</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">892,904</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Net Assets</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">$109,604,864</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:.05in 0in 2.15pt 0in;width:83.5%;">
<p style="margin:6.0pt 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Composition of Net Assets:</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:.05in 0in 2.15pt 0in;width:2.84%;">
<p style="margin:6.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:.05in 0in 2.15pt 0in;width:11.66%;">
<p align="right" style="margin:6.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:.05in 0in 2.15pt 0in;width:2.0%;">
<p style="margin:6.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Common stock (par value $0.01 per share)   (Note 5)</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134,085</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Paid-in capital in excess of par</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">100,330,496</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Distributable earnings</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">9,140,283</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Net Assets</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">$109,604,864</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Net asset value per share based on   13,408,536 shares issued and outstanding</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:11.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">$&nbsp;&nbsp;&nbsp;&nbsp;</font><font size="1" face="Arial" style="font-size:7.0pt;">&nbsp;</font><font size="1" face="Arial" style="font-size:7.0pt;">&nbsp;</font><font size="1" face="Arial" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;&nbsp;&nbsp;8.17</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">See Notes to Financial Statements.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.8%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">12</font></b><a name="PB_12_190403_141"></a></p>    </td>
<td width="92%" valign="top" style="padding:0in 0in 0in 0in;width:92.72%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen   Japan Equity Fund,&nbsp;Inc.</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.48%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:7.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="PB_12_160234_4553"></a><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
</div>
<!-- SEQ.=1,FOLIO='12',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-07.htm',USER='105342',CD='Jul  1 16:51 2020' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Statement of Operations </font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Arial" style="font-size:11.0pt;">For the Six-Month Period Ended April&nbsp;30, 2020</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="83%" valign="top" bgcolor="#DCDCDE" style="background:#DCDCDE;padding:0in 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="4%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;padding:0in 0in 2.15pt 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;padding:0in 0in 2.15pt 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;padding:0in 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" bgcolor="#DCDCDE" style="background:#DCDCDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Net investment income:</font></b></p>    </td>
<td width="4%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:.05in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Income</font></b></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:.05in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:.05in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:.05in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Dividends and other income (net of foreign   withholding taxes of $110,481)</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">$&nbsp;&nbsp;&nbsp;&nbsp;993,769</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Total Investment Income</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">993,769</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:5.75pt 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Expenses:</font></b></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:5.75pt 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:5.75pt 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:5.75pt 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Investment management fee (Note 3)</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">184,350</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Directors&#146; fees and expenses</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">103,167</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Administration fee (Note 3)</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">45,893</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Insurance expense</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">43,229</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Legal fees and expenses</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">28,261</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Independent auditors&#146; fees and expenses</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">28,012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Investor relations fees and expenses (Note   3)</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">27,698</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Reports to stockholders and proxy   solicitation</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">18,179</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">NYSE listing fee</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">11,810</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Custodian&#146;s fees and expenses</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">10,522</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Transfer agent&#146;s fees and expenses</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">10,227</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Miscellaneous</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">12,803</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Net expenses</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">524,151</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Net Investment Income</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">469,618</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:5.0pt 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Net Realized/Unrealized   Gain/(Loss) from Investments and Foreign Currency Related Transactions:</font></b></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:5.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:5.0pt 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Net realized gain/(loss) from:</font></b></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:5.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Investment transactions</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">1,931,249</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Foreign currency transactions</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">9,047</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">1,940,296</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:6.0pt 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Net change in unrealized appreciation/(depreciation)   on:</font></b></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:6.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:6.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:6.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="padding:0in 0in 0in 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Investments</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">(9,658,385</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">)</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Foreign currency translation</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">4,271</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">(9,654,114</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">)</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Net realized and unrealized (loss) from   investments and foreign currency related transactions</font></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">(7,713,818</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">)</font></p>    </td>   </tr>
<tr>
<td width="83%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:83.5%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Net Decrease in Net Assets Resulting   from Operations</font></b></p>    </td>
<td width="4%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:10.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">$(7,244,200</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">)</font></b></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">See Notes to Financial Statements.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.8%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="92%" valign="top" style="padding:0in 0in 0in 0in;width:92.72%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.48%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">13</font></b><a name="PB_13_190403_7608"></a></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><a name="PB_13_161841_7056"></a><b><font size="2" face="Arial" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
</div>
<!-- SEQ.=1,FOLIO='13',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-07.htm',USER='105342',CD='Jul  1 16:51 2020' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Statements of Changes in Net Assets</font></b></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="4" face="Arial" style="font-size:15.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="66%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:3.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;padding:0in 0in 0in 0in;width:1.76%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Arial" style="font-size:3.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="12%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:3.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;padding:0in 0in 0in 0in;width:2.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:3.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="16%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:3.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#DCDCDE" style="background:#DCDCDE;padding:0in 0in 0in 0in;width:1.98%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Arial" style="font-size:3.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="66%" valign="bottom" style="padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:1.76%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.98%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="66%" valign="bottom" style="padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:1.76%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">For&nbsp;the</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.98%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="66%" valign="bottom" style="padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:1.76%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Six-Month</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.98%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="66%" valign="bottom" style="padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:1.76%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Period&nbsp;Ended</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">For&nbsp;the</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.98%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="66%" valign="bottom" style="padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:1.76%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">April&nbsp;30,&nbsp;2020</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Year&nbsp;Ended</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.98%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="66%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:1.76%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">(unaudited)</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:2.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">October&nbsp;31,&nbsp;2019</font></b></p>    </td>
<td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 2.15pt 0in;width:1.98%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:5.0pt 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Increase/(decrease) in Net   Assets from Operations:</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:1.76%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:5.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:5.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.98%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:5.0pt 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Operations:</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:1.76%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:5.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:5.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.98%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Net investment income</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:1.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">$</font><font size="1" face="Arial" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size="2" face="Arial" style="font-size:9.5pt;">469,618</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;779,364</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Net realized gain from investment   transactions</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:1.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">1,931,249</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">2,526,186</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Net realized gain from foreign currency   transactions</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:1.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">9,047</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">148,225</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Net change in unrealized   appreciation/(depreciation) on investments</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:1.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">(9,658,385</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">)</font></p>    </td>
<td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">9,500,375</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Net change in unrealized appreciation on   foreign currency translation</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">4,271</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">2,288</font></p>    </td>
<td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Net increase/(decrease) in net assets   resulting from operations</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:1.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">(7,244,200</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">)</font></p>    </td>
<td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">12,956,438</font></p>    </td>
<td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:1.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:5.0pt 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Distributions to Stockholders   From:</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:1.76%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:5.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:5.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.98%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Distributable earnings</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">(3,472,529</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">)</font></p>    </td>
<td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">(8,708,520</font></p>    </td>
<td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">)</font></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Net decrease in net assets from   distributions</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:1.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">(3,472,529</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">)</font></p>    </td>
<td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">(8,708,520</font></p>    </td>
<td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:1.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">)</font></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Reinvestment of dividends resulting in the   issuance of 2,644 and 16,820 shares of common stock, respectively (Note 5)</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:1.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">20,853</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">115,216</font></p>    </td>
<td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Change in net assets from capital stock   transactions</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:1.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">20,853</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">115,216</font></p>    </td>
<td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Net increase/(decrease) in net assets</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:1.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">(10,695,876</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">)</font></p>    </td>
<td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">4,363,134</font></p>    </td>
<td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:5.0pt 0in .0001pt 10.1pt;text-indent:-10.1pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Net Assets:</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:1.76%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:5.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" style="padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:5.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.98%;">
<p style="margin:5.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Beginning of period</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">120,300,740</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">115,937,606</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="66%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:66.0%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">End of period</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:1.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:12.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">$109,604,864</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F0F0F2" style="background:#F0F0F2;border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:2.15pt 0in 2.15pt 0in;width:16.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">$120,300,740</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:2.15pt 0in 2.15pt 0in;width:1.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:6.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">Amounts listed as &#147;&#150;&#147; are $0 or round to $0.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">See Notes to Financial Statements.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:7.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.8%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">14</font></b><a name="PB_14_190403_8146"></a></p>    </td>
<td width="92%" valign="top" style="padding:0in 0in 0in 0in;width:92.72%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen   Japan Equity Fund,&nbsp;Inc.</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.48%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:7.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='14',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-07.htm',USER='105342',CD='Jul  1 16:51 2020' -->


<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Financial Highlights</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="30%" valign="bottom" style="background:#D9D9D9;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" style="background:#D9D9D9;padding:0in 0in 0in 0in;width:1.66%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="11%" valign="bottom" style="background:#D9D9D9;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">For&nbsp;the<br>   Six-Month<br>   Period&nbsp;Ended<br>   April&nbsp;30,&nbsp;2020</font></b></p>    </td>
<td width="2%" nowrap valign="bottom" style="background:#D9D9D9;padding:0in 0in 0in 0in;width:2.68%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="51%" colspan="9" valign="bottom" style="background:#D9D9D9;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:51.66%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">For&nbsp;the&nbsp;Fiscal&nbsp;Years&nbsp;Ended&nbsp;October&nbsp;31,</font></b></p>    </td>
<td width="2%" valign="bottom" style="background:#D9D9D9;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="30%" valign="bottom" style="background:#D9D9D9;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" style="background:#D9D9D9;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:1.66%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="11%" valign="bottom" style="background:#D9D9D9;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">(unaudited)</font></b></p>    </td>
<td width="2%" nowrap valign="bottom" style="background:#D9D9D9;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.68%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="7%" valign="bottom" style="background:#D9D9D9;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">2019</font></b></p>    </td>
<td width="2%" valign="bottom" style="background:#D9D9D9;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="7%" valign="bottom" style="background:#D9D9D9;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">2018</font></b></p>    </td>
<td width="2%" valign="bottom" style="background:#D9D9D9;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" style="background:#D9D9D9;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">2017</font></b></p>    </td>
<td width="2%" valign="bottom" style="background:#D9D9D9;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" style="background:#D9D9D9;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">2016</font></b></p>    </td>
<td width="2%" nowrap valign="bottom" style="background:#D9D9D9;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="8%" valign="bottom" style="background:#D9D9D9;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">2015</font></b></p>    </td>
<td width="2%" valign="bottom" style="background:#D9D9D9;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">PER SHARE OPERATING PERFORMANCE</font></b><b><font size="1" face="Arial" style="font-size:4.5pt;font-weight:bold;position:relative;top:-4.0pt;">(a)</font></b><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">:</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Net asset value,   beginning of period</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$8.97</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$8.66</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$10.30</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$9.51</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$8.69</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$8.26</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Net investment   income</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.04</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.06</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.07</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.07</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.08</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.05</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Net realized and   unrealized gains/(losses) on investments and foreign currencies</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.58</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.90</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(1.23</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">1.03</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">1.03</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.44</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Total from   investment operations</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.54</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.96</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(1.16</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">1.10</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">1.11</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.49</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Distributions   from:</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Net investment   income</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.07</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.07</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.06</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.09</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.08</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.03</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Net realized gains</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.19</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.58</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.42</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.23</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.23</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.04</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Total   distributions</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.26</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.65</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.48</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.32</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.31</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(0.07</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Capital Share   Transactions:</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Impact due to   discount management policy</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">&#150;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">&#150;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">&#150;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.01</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.02</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.01</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Net asset value,   end of period</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$8.17</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$8.97</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$8.66</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$10.30</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$9.51</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$8.69</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Market value, end   of period</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$6.83</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$7.53</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$7.40</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$9.17</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$8.18</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$7.48</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><b><font size="1" face="Times New Roman" style="font-size:6.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Total Investment Return Based on</font></b><b><font size="1" face="Arial" style="font-size:4.5pt;font-weight:bold;position:relative;top:-4.0pt;">(b)</font></b><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">:</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Market value</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(6.32%</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">11.42%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(15.22%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">16.73%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">14.10%</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">2.67%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Net asset value</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(5.93%</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">13.41%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">(11.67%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">12.78%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">14.19%</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">6.28%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><b><font size="1" face="Times New Roman" style="font-size:6.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Ratio to Average Net Assets/Supplementary Data:</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Net assets, end of   period (in millions)</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$109.6</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$120.3</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$115.9</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$137.7</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$127.9</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$118.7</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Average net assets   (in millions)</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$115.4</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$110.2</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$134.7</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$124.4</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$118.4</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$117.9</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Net operating   expenses</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.91%</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:4.5pt;position:relative;top:-4.0pt;">(c)</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.94%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.81%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.86%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.92%</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.96%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Net investment   income</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.82%</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:4.5pt;position:relative;top:-4.0pt;">(c)</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.71%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.69%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.78%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.86%</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">0.58%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:1.5pt 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Portfolio turnover</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">17%</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Arial" style="font-size:4.5pt;position:relative;top:-4.0pt;">(d)</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">42%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">32%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">22%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">8%</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:1.5pt 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">10%</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:1.5pt 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:0in 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:1.66%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:11.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>    </td>
<td width="2%" nowrap valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:8.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#F1F0F0" style="background:#F1F0F0;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .2in;text-align:justify;text-indent:-.2in;"><font size="1" face="Arial" style="font-size:9.0pt;">(a)</font><font size="1" face="Arial" style="font-size:3.0pt;">&#160;&#160;&#160; </font><font size="1" face="Arial" style="font-size:9.0pt;">Based on average shares outstanding.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:3.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .2in;text-align:justify;text-indent:-.2in;"><font size="1" face="Arial" style="font-size:9.0pt;">(b)</font><font size="1" face="Arial" style="font-size:3.0pt;">&#160;&#160;&#160; </font><font size="1" face="Arial" style="font-size:9.0pt;">Total investment return based on market value is calculated assuming that shares of the Fund&#146;s common stock were purchased at the closing market price as of the beginning of the period, dividends, capital gains, and other distributions were reinvested as provided for in the Fund&#146;s dividend reinvestment plan and then sold at the closing market price per share on the last day of the period. The computation does not reflect any sales commission investors may incur in purchasing or selling shares of the Fund. The total investment return based on the net asset value is similarly computed except that the Fund&#146;s net asset value is substituted for the closing market value.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:3.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .2in;text-align:justify;text-indent:-.2in;"><font size="1" face="Arial" style="font-size:9.0pt;">(c)</font><font size="1" face="Arial" style="font-size:3.0pt;">&#160;&#160;&#160;&#160; </font><font size="1" face="Arial" style="font-size:9.0pt;">Annualized.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:3.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .2in;text-align:justify;text-indent:-.2in;"><font size="1" face="Arial" style="font-size:9.0pt;">(d)</font><font size="1" face="Arial" style="font-size:3.0pt;">&#160;&#160;&#160; </font><font size="1" face="Arial" style="font-size:9.0pt;">Not annualized.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Amounts listed as &#147;&#150;&#147; are $0 or round to $0.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">See Notes to Financial Statements.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.48%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen Japan Equity Fund, Inc.</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">15</font></b><a name="PB_15_162513_5147"></a><a name="PB_13_221439_7056"></a></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='15',FILE='C:\jms\105589\20-18482-3\task9748565\18482-3-bi-09.htm',USER='105589',CD='Jun 30 16:39 2020' -->


<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Notes to Financial Statements</font></b><b><font face="Arial" style="font-weight:bold;">  </font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Arial" style="font-size:11.0pt;">April&nbsp;30, 2020</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<br clear="all" style="page-break-before:auto;">
<div><div style="float:left;margin:right=3%;position:relative;width:47%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">1. Organization</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc. (the &#147;Fund&#148;) was incorporated in Maryland on July&nbsp;12, 1990 under its original name &#147;The Japan Equity Fund,&nbsp;Inc.&#148; and commenced operations on July&nbsp;24, 1992. It is registered with the Securities and Exchange Commission as a closed-end, diversified management investment company. The Fund&#146;s investment objective is to outperform over the long term, on a total return basis (including appreciation and dividends), the Tokyo Stock Price Index (&#147;TOPIX&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">2. Summary of Significant Accounting Policies</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">The Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (&#147;FASB&#148;) Accounting Standard Codification Topic 946 Financial Services &#150; Investment Companies. The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements. The policies conform to generally accepted accounting principles (&#147;GAAP&#148;) in the United States of America. The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of income and expenses for the period. Actual results could differ from those estimates. The books and accounting records of the Fund are maintained in U.S. Dollars.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">a. Security Valuation:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">The Fund values its securities at current market value or fair value, consistent with regulatory requirements. &#147;Fair value&#148; is defined in the Fund&#146;s Valuation and Liquidity Procedures as the price that could be received to sell an asset or paid to transfer a liability in an orderly transaction between willing market participants without a compulsion to transact at the measurement date.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">Equity securities that are traded on an exchange are valued at the last quoted sale price on the principal exchange on which the security is traded at the &#147;Valuation Time&#148; subject to application, when appropriate, of the valuation factors described in the paragraph below. Under normal circumstances, the Valuation Time is as of the close of regular trading on the New York Stock Exchange (usually 4:00 p.m.&nbsp;Eastern Time). In the absence of a sale price, the security is valued at the mean of the bid/ask price quoted at the close on the principal exchange on which the security is traded. Securities traded on NASDAQ are valued at the NASDAQ official closing price. Closed-end funds and exchange-traded funds (&#147;ETFs&#148;) are valued at the market price of the security at the Valuation Time. A security using any of these pricing methodologies is determined to be a Level 1 investment.</font></p>

</div><div style="float:right;margin:left=3%;position:relative;width:47%;"><p style="margin:0in 0in .0001pt;"></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">Foreign equity securities that are traded on foreign exchanges that close prior to Valuation Time are valued by applying valuation factors to the last sale price or the mean price as noted above. Valuation factors are provided by an independent pricing service provider. These valuation factors are used when pricing the Fund&#146;s portfolio holdings to estimate market movements between the time foreign markets close and the time the Fund values such foreign securities. These valuation factors are based on inputs such as depositary receipts, indices, futures, sector indices/ETFs, exchange rates, and local exchange opening and closing prices of each security. When prices with the application of valuation factors are utilized, the value assigned to the foreign securities may not be the same as quoted or published prices of the securities on their primary markets. A security that applies a valuation factor is determined to be a Level 2 investment because the exchange-traded price has been adjusted. Valuation factors are not utilized if the independent pricing service provider is unable to provide a valuation factor or if the valuation factor falls below a predetermined threshold; in such case, the security is determined to be a Level 1 investment.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">Short-term investments are comprised of cash and cash equivalents invested in short-term investment funds which are redeemable daily. The Fund sweeps available cash into the State Street Institutional U.S. Government Money Market Fund, which has elected to qualify as a &#147;government money market fund&#148; pursuant to Rule&nbsp;2a-7 under the Investment Company Act of 1940, and has an objective to maintain a $1.00 per share net asset value (&#147;NAV&#148;). Generally, these investment types are categorized as Level 1 investments.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">In the event that a security&#146;s market quotations are not readily available or are deemed unreliable (for reasons other than because the foreign exchange on which it trades closes before the Valuation Time), the security is valued at fair value as determined by the Fund&#146;s Pricing Committee, taking into account the relevant factors and surrounding circumstances using valuation policies and procedures approved by the Fund&#146;s Board of Directors. A security that has been fair valued by the Fund&#146;s Pricing Committee may be classified as Level 2 or Level 3 depending on the nature of the inputs.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">In accordance with the authoritative guidance on fair value measurements and disclosures under GAAP, the Fund discloses the fair value of its investments using a three-level hierarchy that classifies the inputs to valuation techniques used to measure the fair value. The hierarchy assigns Level 1, the highest level measurements to valuations based upon unadjusted quoted prices in active markets for identical assets, Level 2 measurements to valuations based upon other significant observable inputs, including adjusted quoted prices in active markets for similar assets, and Level 3, the lowest level measurements to valuations based upon unobservable inputs that are significant to</font></p>
</div></div>
<br clear="all" style="page-break-before:auto;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.48%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">16</font></b><a name="PB_16_175434_2141"></a></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.0%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen   Japan Equity Fund, Inc.</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='16',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-11.htm',USER='105342',CD='Jul  1 16:55 2020' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Notes to Financial Statements</font></b><b><font face="Arial" style="font-weight:bold;">  </font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited) (continued)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Arial" style="font-size:11.0pt;">April&nbsp;30, 2020</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<br clear="all" style="page-break-before:auto;">
<div><div style="float:left;margin:right=3%;position:relative;width:47%;">
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">the valuation. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability, which are based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity&#146;s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. A financial instrument&#146;s level within the fair value hierarchy is based upon the</font></p>

</div><div style="float:right;margin:left=3%;position:relative;width:47%;"><p style="margin:0in 0in .0001pt;"></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">lowest level of any input that is significant to the fair value measurement. The three-level hierarchy of inputs is summarized below:</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">Level 1 &#150; quoted prices in active markets for identical investments;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">Level 2 &#150; other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, and credit risk); or</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">Level 3 &#150; significant unobservable inputs (including the Fund&#146;s own assumptions in determining the fair value of investments).</font></p>
</div></div>
<br clear="all" style="page-break-before:auto;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">The following is a summary of the inputs used as of April&nbsp;30, 2020 in valuing the Fund&#146;s investments and other financial instruments at fair value. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Please refer to the Portfolio of Investments for a detailed breakout of the security types:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="22%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:22.84%;">
<p style="margin:0in 0in .0001pt .2in;text-indent:-10.1pt;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Investments, at Value</font></b></p>    </td>
<td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:1.34%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="15%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:15.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Level 1 &#150; Quoted</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Prices ($)</font></b></p>    </td>
<td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:1.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="23%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:23.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Level 2 &#150; Other   Significant</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Observable Inputs   ($)</font></b></p>    </td>
<td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:1.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="20%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:20.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Level 3 &#150;   Significant</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Unobservable Inputs   ($)</font></b></p>    </td>
<td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:1.66%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:11.52%;">
<p align="right" style="margin:0in 2.9pt .0001pt 0in;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Total ($)</font></b></p>    </td>
<td width="0%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:.98%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="22%" valign="top" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:22.84%;">
<p style="margin:0in 0in .0001pt .2in;text-indent:-10.1pt;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Investments in Securities</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:1.34%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="15%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:15.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:1.84%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="23%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:23.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:1.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="20%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:20.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:1.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:11.52%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="0%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:.98%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="22%" valign="top" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:22.84%;">
<p style="margin:0in 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Common   Stocks</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:1.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:15.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$&#150;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:1.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="23%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:23.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$108,339,446</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:1.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="20%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:20.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$&#150;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:1.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:11.52%;">
<p align="right" style="margin:0in 2.9pt .0001pt 0in;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">$108,339,446</font></p>    </td>
<td width="0%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;padding:1.45pt 0in 1.45pt 0in;width:.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="22%" valign="top" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:1.45pt 0in 1.45pt 0in;width:22.84%;">
<p style="margin:0in 0in .0001pt .2in;text-indent:-10.1pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Short-Term   Investment</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:1.45pt 0in 1.45pt 0in;width:1.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:1.45pt 0in 1.45pt 0in;width:15.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">41,027</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:1.45pt 0in 1.45pt 0in;width:1.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="23%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:1.45pt 0in 1.45pt 0in;width:23.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">&#150;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:1.45pt 0in 1.45pt 0in;width:1.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="20%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:1.45pt 0in 1.45pt 0in;width:20.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">&#150;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:1.45pt 0in 1.45pt 0in;width:1.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:1.45pt 0in 1.45pt 0in;width:11.52%;">
<p align="right" style="margin:0in 2.9pt .0001pt 0in;text-align:right;"><font size="1" face="Arial" style="font-size:9.0pt;">41,027</font></p>    </td>
<td width="0%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.0pt;padding:1.45pt 0in 1.45pt 0in;width:.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="22%" valign="top" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:22.84%;">
<p style="margin:0in 0in .0001pt .2in;text-indent:-10.1pt;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Total</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:1.34%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="3" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:15.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">$41,027</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:1.84%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="23%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:23.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">$108,339,446</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:1.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="20%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:20.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">$&#150;</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:1.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="11%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:11.52%;">
<p align="right" style="margin:0in 2.9pt .0001pt 0in;text-align:right;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">$108,380,473</font></b></p>    </td>
<td width="0%" valign="bottom" bgcolor="#F1F1F2" style="background:#F1F1F2;border:none;border-bottom:solid windowtext 1.5pt;padding:1.45pt 0in 1.45pt 0in;width:.98%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Amounts listed as &#147;&#150;&#147; are $0 or round to $0.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">For the six-month period ended April&nbsp;30, 2020, there were no significant changes to the fair valuation methodologies.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
</div>
<br clear="all" style="page-break-before:auto;">
<div><div style="float:left;margin:right=3%;position:relative;width:47%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">b. Foreign Currency Translation:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">Foreign securities, currencies, and other assets and liabilities denominated in foreign currencies are translated into U.S. Dollars at the exchange rate of said currencies against the U.S. Dollar, as of the Valuation Time, as provided by an independent pricing service approved by the Board.</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">Foreign currency amounts are translated into U.S. Dollars on the following basis:</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="1" face="Arial" style="font-size:9.0pt;">(i)</font><font size="1" face="Arial" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" face="Arial" style="font-size:9.0pt;">market value of investment securities, other assets and liabilities &#150; at the current daily rates of exchange; and</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-align:justify;text-indent:-.25in;"><font size="1" face="Arial" style="font-size:9.0pt;">(ii)</font><font size="1" face="Arial" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" face="Arial" style="font-size:9.0pt;">purchases and sales of investment securities, income and expenses &#150; at the rate of exchange prevailing on the respective dates of such transactions.</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">The Fund does not isolate that portion of gains and losses on investments in equity securities due to changes in the foreign exchange rates from the portion due to changes in market prices of equity securities. Accordingly, realized and unrealized foreign currency gains and losses with respect to such securities are included in the reported net realized and unrealized gains and losses on investment transactions balances.</font></p>

</div><div style="float:right;margin:left=3%;position:relative;width:47%;"><p style="margin:0in 0in .0001pt;text-align:justify;"></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">The Fund reports certain foreign currency related transactions and foreign taxes withheld on security transactions as components of realized gains for financial reporting purposes, whereas such foreign currency related transactions are treated as ordinary income for U.S. federal income tax purposes.</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">Net unrealized currency gains or losses from valuing foreign currency denominated assets and liabilities at period end exchange rates are reflected as a component of net unrealized appreciation/depreciation on value of investments, and translation of other assets and liabilities denominated in foreign currencies.</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">Net realized foreign exchange gains or losses represent foreign exchange gains and losses from transactions in foreign currencies and forward foreign currency contracts, exchange gains or losses realized between the trade date and settlement date on security transactions, and the difference between the amounts of interest and dividends recorded on the Fund&#146;s books and the U.S. Dollar equivalent of the amounts actually received.</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">Foreign security and currency transactions may involve certain considerations and risks not typically associated with those of domestic origin, including unanticipated movements in the value of the foreign currency relative to the U.S. Dollar. Generally, when the U.S. Dollar rises in value against foreign currency, the Fund&#146;s investments</font></p>
</div></div>
<br clear="all" style="page-break-before:auto;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen Japan Equity Fund, Inc.</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">17</font></b><a name="PB_17_175530_4024"></a><a name="PB_15_151100_5796"></a></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='17',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-11.htm',USER='105342',CD='Jul  1 16:55 2020' -->


<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Notes to Financial Statements </font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited) (continued)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">April&nbsp;30, 2020</font></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>
</div>
<br clear="all" style="page-break-before:auto;">
<div><div style="float:left;margin:right=3%;position:relative;width:47%;">
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">denominated in that foreign currency will lose value because the foreign currency is worth fewer U.S. Dollars; the opposite effect occurs if the U.S. Dollar falls in relative value.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">c. Security Transactions,&nbsp;Investment Income and Expenses:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Security transactions are recorded on the trade date. Realized and unrealized gains/(losses) from security and foreign currency transactions are calculated on the identified cost basis. Dividend income and corporate actions are recorded generally on the ex-date, except for certain dividends and corporate actions which may be recorded after the ex-date, as soon as the Fund acquires information regarding such dividends or corporate actions.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Interest income and expenses are recorded on an accrual basis.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">d. Distributions:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The Fund records dividends and distributions payable to its stockholders on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with federal income tax regulations, which may differ from GAAP. These book basis/tax basis differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the capital accounts based on their federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions which exceed net investment income and net realized capital gains for tax purposes are reported as return of capital.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">e. Federal Income Taxes:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The Fund intends to continue to qualify as a &#147;regulated investment company&#148; (RIC) by complying with the provisions available to certain investment companies, as defined in Subchapter M of the Internal Revenue Code of 1986, as amended, and to make distributions of net investment income and net realized capital gains sufficient to relieve the Fund from all, or substantially all, federal income taxes. Therefore, no federal income tax provision is required.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The Fund recognizes the tax benefits of uncertain tax positions only where the position is &#147;more likely than not&#148; to be sustained assuming examination by tax authorities. Management of the Fund has concluded that there are no significant uncertain tax positions that would require recognition in the financial statements. Since tax authorities can examine previously filed tax returns, the Fund&#146;s U.S. federal and state tax returns for each of the four fiscal years up to the most recent fiscal year ended October&nbsp;31 are subject to such review.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>

</div><div style="float:right;margin:left=3%;position:relative;width:47%;"><p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">f. Rights Issues and Warrants:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Rights issues give the right, normally to existing shareholders, to buy a proportional number of additional securities at a given price (generally at a discount) within a fixed period (generally a short-term period) and are offered at the company&#146;s discretion. Warrants are securities that give the holder the right to buy common stock at a specified price for a specified period of time. Rights issues and warrants are speculative and have no value if they are not exercised before the expiration date. Rights issues and warrants are valued at the last sale price on the exchange on which they are traded.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">g. Foreign Withholding Tax:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Dividend and interest income from non-U.S. sources received by the Fund are generally subject to non-U.S. withholding taxes. In addition, the Fund may be subject to capital gains tax in certain countries in which it invests. The above taxes may be reduced or eliminated under the terms of applicable U.S. income tax treaties with some of these countries. The Fund accrues such taxes when the related income is earned.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">3. Agreements and Transactions with Affiliates</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">a. Investment Manager:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Aberdeen Standard Investments (Asia) Limited (&#147;ASIAL&#148;) serves as the Fund&#146;s investment manager with respect to all investments. Pursuant to the Management Agreement, the Manager makes investment management decisions relating to the Fund&#146;s assets. For such investment services, the Fund pays the Manager at an annual rate of 0.60% of the first $20 million, 0.40% of the next $30 million, and 0.20% of the excess over $50 million of the Fund&#146;s average weekly Managed Assets. For purposes of this calculation, &#147;Managed Assets&#148; of the Fund means total assets of the Fund, including assets attributable to investment leverage, minus all liabilities, but not excluding any liabilities or obligations attributable to leverage obtained by the Fund for investment purposes through (i)&nbsp;the issuance or incurrence of indebtedness of any type (including, without limitation, borrowing through a credit facility or the issuance of debt securities), (ii)&nbsp;the issuance of preferred stock or other similar preference securities, and/or (iii)&nbsp;any other means, but not including any collateral received for securities loaned by the Fund. During the six-month period ended April&nbsp;30, 2020, the Fund paid ASIAL $184,350. In addition, the Fund has agreed to reimburse the Manager for all out-of-pocket expenses related to the Fund. For the six-month period ended April&nbsp;30, 2020, no such expenses were paid to the Manager.</font></p>
</div></div>
<br clear="all" style="page-break-before:auto;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">18</font></b><a name="PB_18_162834_5796"></a></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.84%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen   Japan Equity Fund,&nbsp;Inc.</font></p>    </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='18',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-13.htm',USER='105342',CD='Jul  1 17:07 2020' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Notes to Financial Statements</font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">  </font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited) (continued)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:11.0pt;">April&nbsp;30, 2020</font></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>
</div>
<br clear="all" style="page-break-before:auto;">
<div><div style="float:left;margin:right=3%;position:relative;width:47%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">b. Fund Administration:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Aberdeen Standard Investments,&nbsp;Inc. (&#147;ASII&#148;), an affiliate of ASIAL, serves as the Fund&#146;s administrator, pursuant to an amended fee schedule under which ASII receives a fee, payable quarterly by the Fund, at an annual rate of 0.08% of the value of the Fund&#146;s average weekly net assets. During the six-month period ended April&nbsp;30, 2020, ASII earned $45,893 from the Fund for administration fees.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">c. Investor Relations:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Under the terms of the Investor Relations Services Agreement, ASII provides and pays third parties to provide investor relations services to the Fund and certain other funds advised by ASIAL or its affiliates as part of an Investor Relations Program. Under the Investor Relations Services Agreement, the Fund owes a portion of the fees related to the Investor Relations Program (the &#147;Fund&#146;s Portion&#148;). However, investor relations services fees are limited by ASII so that the Fund will only pay up to an annual rate of 0.05% of the Fund&#146;s average weekly net assets. Any difference between the capped rate of 0.05% of the Fund&#146;s average weekly net assets and the Fund&#146;s Portion is paid for by ASII.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Pursuant to the terms of the Investor Relations Services Agreement, ASII (or third parties engaged by ASII), among other things, provides objective and timely information to stockholders based on publicly-available information; provides information efficiently through the use of technology while offering stockholders immediate access to knowledgeable investor relations representatives; develops and maintains effective communications with investment professionals from a wide variety of firms; creates and maintains investor relations communication materials such as fund manager interviews, films and webcasts, published white papers, magazine articles and other relevant materials discussing the Fund&#146;s investment results, portfolio positioning and outlook; develops and maintains effective communications with large institutional shareholders; responds to specific shareholder questions; and reports activities and results to the Board and management detailing insight into general stockholder sentiment.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">During the six-month period ended April&nbsp;30, 2020, the Fund incurred investor relations fees of approximately $27,698. For the six-month period ended April&nbsp;30, 2020, ASII did not waive any investor relations fees because the Fund did not reach the capped amount.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">4. Investment Transactions</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Purchases and sales of investment securities (excluding short-term securities) for the six-month period ended April&nbsp;30, 2020, were $19,349,104 and $22,116,721, respectively.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>

</div><div style="float:right;margin:left=3%;position:relative;width:47%;"><p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">5. Capital</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The authorized capital of the Fund is 30 million shares of $0.01 par value per share of common stock. During the six-month period ended April&nbsp;30, 2020, the Fund did not repurchase any shares pursuant to its Discount Management Program and reinvested 2,644 shares pursuant to its Dividend Reinvestment and Cash Purchase Plan. As of April&nbsp;30, 2020, there were 13,408,536 shares of common stock issued and outstanding.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">6. Discount Management Program</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The Fund&#146;s Discount Management Program authorizes management to make open market purchases, from time to time, in a maximum aggregate amount during each twelve month period ended October&nbsp;31 of up to 10% of the Fund&#146;s shares of stock outstanding as of October&nbsp;31 of the prior year. Such purchases may be made opportunistically at certain discounts to net asset value per share when, in the reasonable judgment of management based on historical discount levels and current market conditions, such repurchases may enhance stockholder value. During the six-month period ended April&nbsp;30, 2020, the Fund did not repurchase any shares.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The Board of Directors authorized the Discount Management Program in order to potentially enhance share liquidity and increase stockholder value through the potential accretive impact of the purchases to the Fund&#146;s NAV. There is no assurance that the Fund will purchase shares in any specific amounts.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">7. Portfolio Investment Risks</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">a. Risks Associated with Foreign Securities and Currencies:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Investments in securities of foreign issuers carry certain risks not ordinarily associated with investments in securities of U.S. issuers. These risks include future political and economic developments and the possible imposition of exchange controls or other foreign governmental laws and restrictions. In addition, with respect to certain countries, there is the possibility of expropriation of assets, confiscatory taxation, and political or social instability or diplomatic developments, which could adversely affect investments in those countries.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Certain countries also may impose substantial restrictions on investments in their capital markets by foreign entities, including restrictions on investments in issuers of industries deemed sensitive to relevant national interests. These factors may limit the investment opportunities available and result in a lack of liquidity and high price volatility with respect to securities of issuers from developing countries. Foreign securities may also be harder to price than U.S. securities.</font></p>
</div></div>
<br clear="all" style="page-break-before:auto;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="95%" valign="top" style="padding:0in 0in 0in 0in;width:95.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font></p>    </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">19</font></b><a name="PB_19_162834_2897"></a></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='19',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-13.htm',USER='105342',CD='Jul  1 17:07 2020' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Notes to Financial Statements</font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">  </font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited) (continued)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:11.0pt;">April&nbsp;30, 2020</font></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>
</div>
<br clear="all" style="page-break-before:auto;">
<div><div style="float:left;margin:right=3%;position:relative;width:47%;">
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The value of foreign currencies relative to the U.S. Dollar fluctuates in response to market, economic, political, regulatory, geopolitical or other conditions. A decline in the value of a foreign currency versus the U.S. Dollar reduces the value in the U.S. Dollars of investments denominated in that foreign currency. This risk may impact the Fund more greatly to the extent the Fund does not hedge its currency risk, or hedging techniques used by the Adviser are unsuccessful.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">b. Focus Risk:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The Fund may have elements of risk not typically associated with investments in the United States due to focused investments in a limited number of countries or regions subject to foreign securities or currency risks. Such focused investments may subject the Fund to additional risks resulting from political or economic conditions in such countries or regions and the possible imposition of adverse governmental laws or currency exchange restrictions could cause the securities and their markets to be less liquid and their prices to be more volatile than those of comparable U.S. securities.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">c. Sector Risk:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">To the extent that the Fund has a significant portion of its assets invested in securities of companies conducting business in a broadly related group of industries within an economic sector, the Fund may be more vulnerable to unfavorable developments in that economic sector than funds that invest more broadly.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><i><font size="2" face="Arial" style="font-size:9.5pt;font-style:italic;">Industrials Sector Risk.</font></i><font size="2" face="Arial" style="font-size:9.5pt;"> To the extent that the industrial sector represents a significant portion of the Fund&#146;s holdings, the Fund will be sensitive to changes in, and its performance may be adversely impacted by issues impacting this sector. The value of securities issued by companies in the industrials sector may be adversely affected by supply and demand related to their specific products or services and industrials sector products in general. The products of manufacturing companies may face obsolescence due to rapid technological developments and frequent new product introduction. Government regulations, world events, economic conditions and exchange rates may adversely affect the performance of companies in the industrials sector. Companies in the industrials sector may be adversely affected by liability for environmental damage and product liability claims. The industrials sector may also be adversely affected by changes or trends in</font></p>

</div><div style="float:right;margin:left=3%;position:relative;width:47%;"><p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">commodity prices, which may be influenced by unpredictable factors. Companies in the industrials sector, particularly aerospace and defense companies, may also be adversely affected by government spending policies because companies involved in this sector rely to a significant extent on government demand for their products and services.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><i><font size="2" face="Arial" style="font-size:9.5pt;font-style:italic;">Information Technology Sector Risk.</font></i><font size="2" face="Arial" style="font-size:9.5pt;"> To the extent that the information technology sector represents a significant portion of the Fund, the Fund will be sensitive to changes in, and its performance may depend to a greater extent on, factors impacting this sector. Performance of companies in the information technology sector may be adversely impacted by many factors, including, among others, overall economic conditions, short product cycles, rapid obsolescence of products, competition and government regulation.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">d. Valuation Risk:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The price that the Fund could receive upon the sale of any particular portfolio investment may differ from the Fund&#146;s valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair valuation methodology or a price provided by an independent pricing service. As a result, the price received upon the sale of an investment may be less than the value ascribed by the Fund, and the Fund could realize a greater than expected loss or lower than expected gain upon the sale of the investment. The Fund&#146;s ability to value its investments may also be impacted by technological issues and/or errors by pricing services or other third-party service providers.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">e. Leverage Risk:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The Fund may use leverage to purchase securities. Increases and decreases in the value of the Fund&#146;s portfolio will be magnified when the Fund uses leverage.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">8. Contingencies:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">In the normal course of business, the Fund may provide general indemnifications pursuant to certain contracts and organizational documents. The Fund&#146;s maximum exposure under these arrangements is dependent on future claims that may be made against the Fund, and therefore, cannot be estimated; however, the Fund expects the risk of loss from such claims to be remote.</font></p>
</div></div>
<br clear="all" style="page-break-before:auto;">
<div>
<p style="margin:0in 0in .0001pt .1in;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">9. Tax Information</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The U.S. federal income tax basis of the Fund&#146;s investments (including derivatives, if applicable) and the net unrealized appreciation as of April&nbsp;30, 2020, were as follows:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="38%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:38.5%;">
<p style="margin:0in 0in .0001pt .1in;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Tax Basis of Investments</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Appreciation</font></b></p>    </td>
<td width="5%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:5.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Depreciation</font></b></p>    </td>
<td width="5%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:5.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="16%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Net&nbsp;Unrealized<br>   Appreciation/<br>   (Depreciation)</font></b></p>    </td>
<td width="1%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="38%" valign="top" bgcolor="#EFEFF0" style="background:#EFEFF0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:38.5%;">
<p style="margin:2.0pt 0in .0001pt .1in;"><font size="2" face="Arial" style="font-size:9.5pt;">$101,750,578</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#EFEFF0" style="background:#EFEFF0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:2.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" bgcolor="#EFEFF0" style="background:#EFEFF0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.0%;">
<p align="right" style="margin:2.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">$16,767,385</font></p>    </td>
<td width="5%" valign="bottom" bgcolor="#EFEFF0" style="background:#EFEFF0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:2.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="16%" valign="bottom" bgcolor="#EFEFF0" style="background:#EFEFF0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.0%;">
<p align="right" style="margin:2.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">$(10,137,490</font></p>    </td>
<td width="5%" valign="bottom" bgcolor="#EFEFF0" style="background:#EFEFF0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:2.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">)</font></p>    </td>
<td width="16%" valign="bottom" bgcolor="#EFEFF0" style="background:#EFEFF0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.0%;">
<p align="right" style="margin:2.0pt 0in .0001pt;text-align:right;"><font size="2" face="Arial" style="font-size:9.5pt;">$6,629,895</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#EFEFF0" style="background:#EFEFF0;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:2.0pt 0in .0001pt;"><font size="2" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">20</font></b><a name="PB_20_162834_3020"></a></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.84%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen   Japan Equity Fund,&nbsp;Inc.</font></p>    </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='20',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-13.htm',USER='105342',CD='Jul  1 17:07 2020' -->


<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Notes to Financial Statements </font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;">(unaudited) (concluded)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">April&nbsp;30, 2020</font></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>
</div>
<br clear="all" style="page-break-before:auto;">
<div><div style="float:left;margin:right=3%;position:relative;width:47%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">10. Subsequent Events</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Management has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the financial statements were issued. Based on this evaluation, no disclosures or adjustments were required to the financial statements as of April&nbsp;30, 2020.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">At a Special Meeting of Stockholders held on May&nbsp;27, 2020, stockholders of the Fund voted to approve changes to the Fund&#146;s fundamental investment restriction related to borrowing. The Investment Manager believes the current market conditions present a</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>

</div><div style="float:right;margin:left=3%;position:relative;width:47%;"><p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">potentially attractive opportunity to gain increased exposure to the potential recovery in Japanese equities through the use of leverage and, in particular but not limited to small cap securities. The Investment Manager believes that the use of leverage may help enhance returns in the long term and could thereby be beneficial to stockholders. The portfolio management team currently anticipates using leverage, under normal circumstances, in the amount of approximately 10%-15% of the Fund&#146;s total assets over the longer term. Depending on market conditions, the Fund may borrow more or less than 10%-15% of the Fund&#146;s total assets (but may not exceed the limits imposed by the 1940 Act or any rule, order or interpretation thereunder).</font></p>
</div></div>
<br clear="all" style="page-break-before:auto;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="95%" valign="top" style="padding:0in 0in 0in 0in;width:95.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font></p>    </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">21</font></b><a name="PB_21_165937_8146"></a></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='21',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-15.htm',USER='105342',CD='Jul  1 17:01 2020' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Dividend Reinvestment and Optional Cash Purchase Plan</font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;"> (unaudited)</font></b></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:2.0pt;">&nbsp;</font></p>
</div>
<br clear="all" style="page-break-before:auto;">
<div><div style="float:left;margin:right=3%;position:relative;width:47%;">
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The Fund intends to distribute to stockholders substantially all of its net investment income and to distribute any net realized capital gains at least annually. Net investment income for this purpose is income other than net realized long-term and short-term capital gains net of expenses. Pursuant to the Dividend Reinvestment and Optional Cash Purchase Plan (the &#147;Plan&#148;), stockholders whose shares of common stock are registered in their own names will be deemed to have elected to have all distributions automatically reinvested by Computershare Trust Company N.A. (the &#147;Plan Agent&#148;) in the Fund shares pursuant to the Plan, unless such stockholders elect to receive distributions in cash. Stockholders who elect to receive distributions in cash will receive such distributions paid by check in U.S. Dollars mailed directly to the stockholder by the Plan Agent, as dividend paying agent. In the case of stockholders such as banks, brokers or nominees that hold shares for others who are beneficial owners, the Plan Agent will administer the Plan on the basis of the number of shares certified from time to time by the stockholders as representing the total amount registered in such stockholders&#146; names and held for the account of beneficial owners that have not elected to receive distributions in cash. Investors that own shares registered in the name of a bank, broker or other nominee should consult with such nominee as to participation in the Plan through such nominee and may be required to have their shares registered in their own names in order to participate in the Plan. Please note that the Fund does not issue certificates so all shares will be registered in book entry form. The Plan Agent serves as agent for the stockholders in administering the Plan. If the Directors of the Fund declare an income dividend or a capital gains distribution payable either in the Fund&#146;s common stock or in cash, nonparticipants in the Plan will receive cash and participants in the Plan will receive common stock, to be issued by the Fund or purchased by the Plan Agent in the open market, as provided below. If the market price per share (plus expected per share fees) on the valuation date equals or exceeds NAV per share on that date, the Fund will issue new shares to participants at NAV; provided, however, that if the NAV is less than 95% of the market price on the valuation date, then such shares will be issued at 95% of the market price. The valuation date will be the payable date for such distribution or dividend or, if that date is not a trading day on the New York Stock Exchange, the immediately preceding trading date. If NAV exceeds the market price of Fund shares at such time, or if the Fund should declare an income dividend or capital gains distribution payable only in cash, the Plan Agent will, as agent for the participants, buy Fund shares in the open market, on the New York Stock Exchange or elsewhere, for the participants&#146; accounts on, or shortly after, the payment date. If, before the Plan Agent has completed its purchases, the market price exceeds the NAV of a Fund share, the average per share purchase price paid by the Plan Agent may exceed the NAV of the Fund&#146;s shares,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>

</div><div style="float:right;margin:left=3%;position:relative;width:47%;"><p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">resulting in the acquisition of fewer shares than if the distribution had been paid in shares issued by the Fund on the dividend payment date. Because of the foregoing difficulty with respect to open-market purchases, the Plan provides that if the Plan Agent is unable to invest the full dividend amount in open-market purchases during the purchase period or if the market discount shifts to a market premium during the purchase period, the Plan Agent will cease making open-market purchases and will receive the uninvested portion of the dividend amount in newly issued shares at the close of business on the last purchase date.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Participants have the option of making additional cash payments of a minimum of $50 per investment (by check, one-time online bank debit or recurring automatic monthly ACH debit) to the Plan Agent for investment in the Fund&#146;s common stock, with an annual maximum contribution of $250,000. The Plan Agent will use all such funds received from participants to purchase Fund shares in the open market on the 25</font><font size="1" face="Arial" style="font-size:5.0pt;position:relative;top:-5.0pt;">th</font><font size="2" face="Arial" style="font-size:9.5pt;">&#160;day of each month or the next trading day if the 25</font><font size="1" face="Arial" style="font-size:5.0pt;position:relative;top:-5.0pt;">th</font><font size="2" face="Arial" style="font-size:9.5pt;">&#160;is not a trading day.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">If the participant sets up recurring automatic monthly ACH debits, funds will be withdrawn from his or her U.S. bank account on the 20</font><font size="1" face="Arial" style="font-size:5.0pt;position:relative;top:-5.0pt;">th</font><font size="2" face="Arial" style="font-size:9.5pt;">&#160;of each month or the next business day if the 20</font><font size="1" face="Arial" style="font-size:5.0pt;position:relative;top:-5.0pt;">th</font><font size="2" face="Arial" style="font-size:9.5pt;">&#160;is not a banking business day and invested on the next investment date. The Plan Agent maintains all stockholder accounts in the Plan and furnishes written confirmations of all transactions in an account, including information needed by stockholders for personal and tax records. Shares in the account of each Plan participant will be held by the Plan Agent in the name of the participant, and each stockholder&#146;s proxy will include those shares purchased pursuant to the Plan. There will be no brokerage charges with respect to common shares issued directly by the Fund. However, each participant will pay a per share fee of $0.02 incurred with respect to the Plan Agent&#146;s open market purchases in connection with the reinvestment of dividends, capital gains distributions and voluntary cash payments made by the participant. Per share fees include any applicable brokerage commissions the Plan Agent is required to pay.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">Participants also have the option of selling their shares through the Plan. The Plan supports two types of sales orders. Batch order sales are submitted on each market day and will be grouped with other sale requests to be sold. The price will be the average sale price obtained by Computershare&#146;s broker, net of fees, for each batch order and will be sold generally within 2 business days of the request during regular open market hours. Please note that all written sales requests are always processed by Batch Order. ($10 and $0.12 per share). Market Order sales will sell at the next available trade. The shares are sold real time when they hit the market, however an available trade must be</font></p>
</div></div>
<br clear="all" style="page-break-before:auto;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.16%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">22</font></b><a name="PB_22_165937_7091"></a></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.84%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen   Japan Equity Fund,&nbsp;Inc.</font></p>    </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='22',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-15.htm',USER='105342',CD='Jul  1 17:01 2020' -->

<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Dividend Reinvestment and Optional Cash Purchase Plan</font></b><b><font size="2" face="Arial" style="font-size:11.0pt;font-weight:bold;"> (unaudited) (concluded)</font></b></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
</div>
</div>
<br clear="all" style="page-break-before:auto;">
<div><div style="float:left;margin:right=3%;position:relative;width:47%;">
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">presented to complete this transaction. Market Order sales may only be requested by phone at 1-800-647-0584 or using Investor Center through </font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">www.computershare.com/buyaberdeen. ($25 and $0.12 per share).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">The receipt of dividends and distributions under the Plan will not relieve participants of any income tax that may be payable on such dividends or distributions. The Fund or the Plan Agent may terminate the Plan as applied to any voluntary cash payments made and any dividend or distribution paid subsequent to notice of the termination sent to members of the Plan at least 30 days prior to the record date for such</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>

</div><div style="float:right;margin:left=3%;position:relative;width:47%;"><p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">dividend or distribution. The Plan also may be amended by the Fund or the Plan Agent, but (except when necessary or appropriate to comply with applicable law or the rules&nbsp;or policies of the Securities and Exchange Commission or any other regulatory authority) only by mailing a written notice at least 30 days&#146; prior to the effective date to the participants in the Plan. All correspondence concerning the Plan should be directed to the Plan Agent by phone at 1-800-647-0584, using Investor Center through</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Arial" style="font-size:9.5pt;">www.computershare.com/buyaberdeen or in writing to Computershare Trust Company N.A., P.O.&nbsp;Box 505000, Louisville, KY 40233-5000.</font></p>
</div></div>
<br clear="all" style="page-break-before:auto;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="95%" valign="top" style="padding:0in 0in 0in 0in;width:95.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:7.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font></p>    </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Arial" style="font-size:7.0pt;font-weight:bold;">23</font></b><a name="PB_23_165937_455"></a></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Arial" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:9.5pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='23',FILE='C:\JMS\105342\20-18482-3\task9750022\18482-3-bi-15.htm',USER='105342',CD='Jul  1 17:01 2020' -->


<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Arial" style="font-size:10.0pt;">[THIS PAGE INTENTIONALLY LEFT BLANK]</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Arial" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105342\20-18482-3\task9748595\18482-3-bi-17.htm',USER='105342',CD='Jun 30 19:00 2020' -->


<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="5" face="Arial" style="font-size:18.0pt;font-weight:bold;">Corporate Information</font></b></p>
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">&nbsp;</font></b></p>
</div>
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:2.0pt;font-weight:bold;">&nbsp;</font></b></p>
</div>
<br clear="all" style="page-break-before:auto;">
<div><div style="float:left;margin:right=3%;position:relative;width:47%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Directors</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Radhika Ajmera, <i>Chair</i><br> Anthony Clark<br> Martin Gilbert<br> Richard J. Herring<br> Rahn K. Porter</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Investment Manager</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Aberdeen Standard Investments (Asia) Limited<br> 21 Church Street<br> #01-01 Capital Square Two<br> Singapore 049480</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Administrator</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Aberdeen Standard Investments Inc.<br> 1900 Market Street, Suite&nbsp;200<br> Philadelphia, PA 19103</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Transfer Agent and Registrar</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Computershare<br> P.O.&nbsp;Box 505000<br> Louisville KY, 40233</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>

</div><div style="float:right;margin:left=3%;position:relative;width:47%;"><p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Legal Counsel</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Clifford Chance US LLP<br> 31 West 52nd Street<br> New York, NY 10019</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Independent Registered Public Accounting Firm</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">KPMG LLP<br> 1601 Market Street<br> Philadelphia, PA 19103</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Investor Relations</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">Aberdeen Standard Investments Inc.<br> 1900 Market Street, Suite&nbsp;200<br> Philadelphia, PA 19103</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Arial" style="font-size:9.0pt;font-weight:bold;">Custodian</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">State Street Bank and Trust Company<br> 1 Lincoln Street<br> Boston, MA 02111</font></p>
</div></div>
<br clear="all" style="page-break-before:auto;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Arial"><img width="288" height="71" src="g184823bi19i001.gif"></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Arial" style="font-size:9.5pt;font-weight:bold;">Aberdeen Standard Investments (Asia) Limited</font></b></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">The accompanying Financial Statements as of April&nbsp;30, 2020, were not audited and accordingly, no opinion is expressed thereon.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">Notice is hereby given in accordance with Section&nbsp;23(c)&nbsp;of the Investment Company Act of 1940, as amended, that the Fund may purchase, from time to time, shares of its common stock in the open market.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">Shares of Aberdeen Japan Equity Fund,&nbsp;Inc. are traded on the NYSE under the symbol &#147;JEQ&#148;. Information about the Fund&#146;s net asset value and market price is available at www.aberdeenjeq.com.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:5.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="1" face="Arial" style="font-size:9.0pt;">This report, including the financial information herein, is transmitted to the stockholders of Aberdeen Japan Equity Fund,&nbsp;Inc. for their general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. Past performance is no guarantee of future returns.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105342\20-18482-3\task9748595\18482-3-bi-19.htm',USER='105342',CD='Jun 30 19:06 2020' -->


<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">JEQ SEMI-ANNUAL</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Arial" style="font-size:9.0pt;">&nbsp;</font></p>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105342\20-18482-3\task9748595\18482-3-bi-21.htm',USER='105342',CD='Jun 30 19:10 2020' -->


<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 2. Code of Ethics.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This item is inapplicable to semi-annual report on Form&nbsp;N-CSR.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 3. Audit Committee Financial Expert.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This item is inapplicable to semi-annual report on Form&nbsp;N-CSR.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 4. Principal Accountant Fees and Services.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This item is inapplicable to semi-annual report on Form&nbsp;N-CSR.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 5. Audit Committee of Listed Registrants.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This item is inapplicable to semi-annual report on Form&nbsp;N-CSR.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 6. Schedule of Investments.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&nbsp;Schedule of Investments in securities of unaffiliated issuers as of close of the reporting period is included as part of the Reports to Shareholders filed under Item 1 of this Form&nbsp;N-CSR.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&nbsp;Not applicable.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This item is inapplicable to semi-annual report on Form&nbsp;N-CSR.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 8. Portfolio Managers of Closed-End Management Investment Companies.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&nbsp; Not applicable to semi-annual report on Form&nbsp;N-CSR.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">(b)&nbsp;</font>There has been no change, as of the date of this filing, in any of the portfolio managers identified in response to paragraph (a)(1)of this Item in the registrant&#146;s most recently filed annual report on Form&nbsp;N-CSR.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No such purchases were made by or on behalf of the Registrant during the period covered by the report.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 10. Submission of Matters to a Vote of Security Holders.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">During the period ended April&nbsp;30, 2020, there were no material changes to the procedures by which shareholders may recommend nominees to the Registrant&#146;s Board of Directors.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\jms\105192\20-18482-3\task9751719\18482-3-ga.htm',USER='105192',CD='Jul  2 17:18 2020' -->

<div style="page-break-before:always;"></div>
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 11. Controls and Procedures.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Registrant&#146;s principal executive and principal financial officers, or persons performing similar functions, have concluded that the Registrant&#146;s disclosure controls and procedures (as defined in Rule&nbsp;30a-3(c)&nbsp;under the Investment Company Act of 1940 (the &#147;Act&#148;) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule&nbsp;30a-3(b)&nbsp;under the Act (17 CFR 270.30a3(b)) and Rule&nbsp;13a-15(b)&nbsp;or 15d-15(b)&nbsp;under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b)&nbsp;or 240.15d15(b)).</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>There were no changes in the Registrant&#146;s internal control over financial reporting (as defined in Rule&nbsp;30a-3(d)&nbsp;under the Act (17 CFR 270.30a-3(d))) that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant&#146;s internal control over financial reporting.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 12. Exhibits.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt 49.5pt;text-indent:-31.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Not applicable.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt 49.5pt;text-indent:-31.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><a href="a20-18482_3ex99dcert.htm#Exhibit99_CERT_050912" title="Click to goto ">Certifications pursuant to Rule&nbsp;30a-2(a)&nbsp;under the Act and Section&nbsp;302 of the Sarbanes-Oxley Act of 2002 are attached hereto.</a></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt 49.5pt;text-indent:-31.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)(3)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Not applicable.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><a href="a20-18482_3ex99d906cert.htm#Exhibit99_906CERT_051404" title="Click to goto ">Certifications pursuant to Rule&nbsp;30a-2(b)&nbsp;under the Act and section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.</a></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\jms\105192\20-18482-3\task9751719\18482-3-ga.htm',USER='105192',CD='Jul  2 17:18 2020' -->


<div style="page-break-before:always;"></div>
<div>
<p style="margin:0in 0in .0001pt 49.5pt;text-indent:-31.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></u></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="44%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:44.34%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">/s/   Alan Goodson</font></i></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Alan Goodson,</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Principal Executive Officer of</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: July&nbsp;9, 2020</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="44%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:44.34%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">/s/   Alan Goodson</font></i></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Alan Goodson,</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Principal Executive Officer of</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: July&nbsp;9,&#160; 2020</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="44%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:44.34%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">/s/   Andrea Melia</font></i></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Andrea Melia,</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Principal Financial Officer of</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="93%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:93.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: July&nbsp;9, 2020</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\jms\105192\20-18482-3\task9751719\18482-3-jc.htm',USER='105192',CD='Jul  2 17:07 2020' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>a20-18482_3ex99dcert.htm
<DESCRIPTION>EX-99.CERT
<TEXT>


<html>
<head>




  </head>
<body link=blue lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 99.CERT<a name="Exhibit99_CERT_050912"></a></font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CERTIFICATION PURSUANT TO RULE 30a-2(a)&nbsp;UNDER THE 1940 ACT AND SECTION&nbsp;302 OF THE SARBANES-OXLEY ACT</font></u></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Andrea Melia, certify that:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>I have reviewed this report on Form&nbsp;N-CSR of Aberdeen Japan Equity Fund,&nbsp;Inc. (the &#147;Registrant&#148;);</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the periods presented in this report;</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Registrant&#146;s other certifying officer(s)&nbsp;and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule&nbsp;30a-3(c)&nbsp;under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule&nbsp;30a-3(d)&nbsp;under the Investment Company Act of 1940) for the Registrant and have:</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Evaluated the effectiveness of the Registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Disclosed in this report any change in the Registrant&#146;s internal control over financial reporting that occurred during the Registrant&#146;s of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant&#146;s internal control over financial reporting; and</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Registrant&#146;s other certifying officer(s)&nbsp;and I have disclosed to the Registrant&#146;s auditors and the audit committee of the Registrant&#146;s board of directors (or persons performing the equivalent functions):</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant&#146;s ability to record, process, summarize, and report financial information; and</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant&#146;s internal control over financial reporting.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>July&nbsp;9,&#160; 2020</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">/s/   Andrea Melia</font></i></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Andrea Melia</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Principal Financial Officer</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\jms\105192\20-18482-3\task9751719\18482-3-mm.htm',USER='105192',CD='Jul  2 17:12 2020' -->

<div style="page-break-before:always;"></div>
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CERTIFICATION PURSUANT TO RULE 30a-2(a)&nbsp;UNDER THE 1940 ACT AND SECTION&nbsp;302 OF THE SARBANES-OXLEY ACT</font></u></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Alan Goodson, certify that:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>I have reviewed this report on Form&nbsp;N-CSR of Aberdeen Japan Equity Fund,&nbsp;Inc. (the &#147;Registrant&#148;);</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the periods presented in this report;</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Registrant&#146;s other certifying officer(s)&nbsp;and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule&nbsp;30a-3(c)&nbsp;under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule&nbsp;30a-3(d)&nbsp;under the Investment Company Act of 1940) for the Registrant and have:</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Evaluated the effectiveness of the Registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Disclosed in this report any change in the Registrant&#146;s internal control over financial reporting that occurred during the Registrant&#146;s of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant&#146;s internal control over financial reporting; and</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Registrant&#146;s other certifying officer(s)&nbsp;and I have disclosed to the Registrant&#146;s auditors and the audit committee of the Registrant&#146;s board of directors (or persons performing the equivalent functions):</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant&#146;s ability to record, process, summarize, and report financial information; and</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant&#146;s internal control over financial reporting.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>July&nbsp;9,&#160; 2020</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">/s/   Alan Goodson</font></i></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Alan Goodson</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Principal Executive Officer</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\jms\105192\20-18482-3\task9751719\18482-3-mm.htm',USER='105192',CD='Jul  2 17:12 2020' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906CERT
<SEQUENCE>3
<FILENAME>a20-18482_3ex99d906cert.htm
<DESCRIPTION>EX-99.906CERT
<TEXT>


<html>
<head>




  </head>
<body link=blue lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 99.906CERT<a name="Exhibit99_906CERT_051404"></a></font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CERTIFICATION PURSUANT TO RULE 30a-2(b)&nbsp;UNDER THE 1940 ACT AND SECTION&nbsp;906 OF THE SARBANES-OXLEY ACT</font></u></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Alan Goodson, Principal Executive Officer, and Andrea Melia, Principal Financial Officer, of Aberdeen Japan Equity Fund,&nbsp;Inc., a Maryland corporation (the &#147;Registrant&#148;), each certify that:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Registrant&#146;s periodic report on Form&nbsp;N-CSR for the period ended April&nbsp;30, 2020 (the &#147;Form&nbsp;N-CSR&#148;) fully complies with the requirements of Section&nbsp;13(a)&nbsp;or Section&nbsp;15(d)&nbsp;of the Securities Exchange Act of 1934, as amended, as applicable; and</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The information contained in the Form&nbsp;N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">PRINCIPAL EXECUTIVE OFFICER</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">/s/   Alan Goodson</font></i></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Alan Goodson</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: July&nbsp;9, 2020</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">PRINCIPAL FINANCIAL OFFICER</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aberdeen Japan Equity Fund,&nbsp;Inc.</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">/s/   Andrea Melia</font></i></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Andrea Melia</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="100%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: July&nbsp;9, 2020</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This certification is being furnished solely pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002 and is not being filed as part of Form&nbsp;N-CSR or as a separate disclosure document.&#160; A signed original of this written statement required by Section&nbsp;906 has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission or its staff upon request.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\jms\105192\20-18482-3\task9751719\18482-3-mo.htm',USER='105192',CD='Jul  2 17:16 2020' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g184823bi19i001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g184823bi19i001.gif
M1TE&.#=A( %' '<  "'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E "P
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M$L2/S64#/N  9L(  XXU72Z)=M&\5+52\+[F@45'[7B#F  P<%<!EB  QX(
MWO9T(P@P!F]U7SB0+KFQ!(.9%Q%*=@E[XU@7>V5/@[S1R@S_:  #1!!.68P;
ME+DT,0P (8N)[^,"VST M4ULS)6;V 4*6 "(E]" "X2@ 3L':'EYM0\0-&#1
M'Y6UA?RPA%>+P.@,F+AH/[#:DSX]!%Q^N&A#B@!P\TT]7/_;=OT0;@,;[;4
MN'>\^89D"P&BL<X.)P.6H8\09BC=-"[=V!& @-'A^['A!"F'=A[.7CWTED(/
MYXR;'$ZX,R1/F6+<5P@/@UXQX'YE7D"+L)M%/Q@-R\UD9D)9O4L;3AP$??A'
M,WG#*P/D0Q^,E84'4O^!$!Q@?KYB@ *8V4Q<AOB[G3=  U#-CP)\@ &^DH6%
M&.O:<3=SV"@E? ,*S/4"-!^-9T)=_Q:?'V[/XYF[ .#',CI ZYH*WP_N55="
M&0"#^C?@T-RW]VU9#(,NFTL ''-+Z78N?D!)H=0W*O4!_;> ," +^,< [($
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M@RU2 +)@FI_GG0R%;2E88><D&=IC7=RT$#FF '\@8%]*7#FV<CTF"Q? 4GT
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M@!R)9?_0?YQKE W0 .CE0LZ<8HXF&<XL ARI<LLP;*_+D;_7@#"0#R_IH']
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MF7?>XJ'@^_+=4XX\R$5Z.FXAD6KMGER4J.0KP54N'#,_O36#GA?%T9I* *$
M0 ,!!!@< %  'P!^  #M&[#@ X("?V0-(*  P0<&! :$  "@SP #>P L(V"
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M4^5H1<@!@/L$$ +IY4-%,/":H0:PH/^A]($G"\! V"A2.PQ\"@ ,T-\&8V)
M!&)D4R'QVW=Z!;?R]&UM>UE;7**",?.A!WW2H=*6%%;#(:Y%B.=YV%@PUC19
M,"!YR>I#$W?$DSO! #&<8L#J4)<4!<" 4G3J [WRX<0&E#$$Q0G)!Z(H@M4I
MX ->O S>0N#$/_!C/TU$U4;ZX,0Z,< /RZ"BG8:$  4X<0]4^=:=9"$""BK@
M F641?(FPK; =:]BY[D>#>,F,;EU<GQ%S(NL?.4E'99'E+&"%2710I&6)(>5
M!3A22P0F'[',$BL%*(PL83FP O#C'WN994(*X((#'$!H",BE6'()E5Q.[Y6Z
M1$IAI@?-N=7PC2I!:0E2***^(7I'.T_B6W9423Z1525PX0S9>)SRML")4UB%
M@Z&VV$9*\6#L.D<,"0*VPDV(K2\M3>$A6DC3$&WVTZ#<"2B1&O:W@P8+G'-C
M$A"MQ![%Y2V@M:++>8Z4T+"X*CKE2Q)&;WA.D1[4I"8M:4EIV#=2LJI*=^$8
MQ- WSI&><TH<(YE-,<G)D^8J53&5F*]N&B6&JO2(#VVH7+X7'HIRU*5!U:3@
M)O;-D99/8T*%:*NZ Y=4HD5M9*$5K+I2SH5Y3YX\'>OBPN=.<UY)8^\<I52"
:F$.IEI0L"15:6(%:N+=V,U5S86?$1!80 #L!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g184823bi01i001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g184823bi01i001.gif
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MR_R- 1( DBSS5XF&/*X1&8%.#;%91+],I0(#F!8\+R>RB&[_%(\WC-'J,%"
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MTA$\T'V$*O]9BN#!#N2M-T490T X,7OFKKIU#EHP]!A8U9U!"Z'07%%;UT2
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)@C 8@Q86 @ [

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g184823bi01i002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g184823bi01i002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!PD'!@H)" D+"PH,#QD0#PX.
M#QX6%Q(9)" F)2,@(R(H+3DP*"HV*R(C,D0R-CL]0$! )C!&2T4^2CD_0#W_
MVP!# 0L+"P\-#QT0$!T]*2,I/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]
M/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3W_P  1" (J M # 2(  A$! Q$!_\0
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M6&.&-U9-V6)S6=_PF-U_S[0_F:9XN&=4CY_Y9?UK"H Z#_A,;K_GVA_,T?\
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M,TO_  EUU_S[0_F:P<48H WO^$NNO^?:'\S1_P )=<_\^T/YFL+%+MH W?\
MA+;K_GVA_,T?\);<_P#/O#^9K"Q1B@#=_P"$MN?^?>'\S1_PEMS_ ,^\/YFL
M+%+0!N?\);<_\^\/YFC_ (2RY_Y]X?S-8=&* -W_ (2RY_Y]X?S-'_"67/\
MS[P_F:PJ* -W_A++G_GVA_,T?\)9<_\ /O#^9K#HQ0!N?\)9<_\ /O#^9H_X
M2NY_Y]X?S-88%+B@#;_X2NY_Y]X?S-+_ ,)7<_\ /O#^9K#Q2T ;?_"5W/\
MS[P_F:/^$KN?^?>'\S6)10!M_P#"5W/_ #[P_F:/^$KN?^?>'\S6)1B@#;_X
M2JY_Y]XOS-+_ ,)5<_\ /O%^9K$ IP% &S_PE5S_ ,^\7YFC_A*;G_GWB_,U
MC8I<4 ;/_"4W/_/O%^9I1XHN3_R[Q?F:QL"B@#9_X2>Y_P">$7YFE_X2:X_Y
MX1?F:QL4"@#:_P"$FN/^>$7YFC_A);C_ )X1?F:QJ6@#9_X26X_YX1?F:/\
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M1!C.<9!'KS6D.M #J7% %+0 E)3J* &T4IHH 0"EI<48H 3%+11B@ I0***
M"BEHH 3%&*7%% "8HI:,4 %&*<!10 F*7%. I<4 -Q2XI:7% #[>!KB=(DZL
M<?2NOBC6&)8T&%48%9.@VFU6N6'+?*GT[ULT 4]5U!=*TV:[:-I3&/EC3[SM
MT"CW)J-M;T^*RMKJYN8H8[A0T?F-C/&:;J^EMJKVL;3-';Q2>:_EN4<L!\N"
M.F#S6(^E7^FW^G6]D(YXT:X\MIV<A(V"G#'!R<Y^M"&;MWK-I;;D6X@><*'$
M9E"Y![Y[#FG:3?/J%H\LB*A6:2/"GLKE0?TK*3PQ+%IMY:I/&3-%%&K,#_!U
MS[>E:FD6,NGV\T,S(P,\DB%,_=9BW/OS3%T)KV:ZAB#6=LEPY/*O+Y8 ]<X/
M\JR_^$E,MO#+:63S%K?[3(I<*8TSCCU/!P..G6KNM6<E_9>1';VUPK-\Z7#L
MJX^J@UFC0+ZVMXEM+B!G-K]EE,@("KDD%<=<9(P?SI ;T$R7$$<T1S'(H=3Z
M@C(IMU)/' S6T*S2]D9]@/XX/\JKZ7'/;H]L\86WM]L5N?XF4*!D_CFF:[:7
ME]IQ@L7C1W=?,WL5#)GYER 2,]*'Y O,I+XEDEA4V]@99E5WF02C"JAP2K8^
M;)SCIG!Z5/-K;Q-:RK:A[*Y**LHE^?+=,)CGWYJN^DZ@!'+:K96\QMS;/&K,
M45,Y5E.!R.>,<YZTEKHU]9ZM'(%M)[6&-(8#)(P>)0,,0NTC<3WSZ"@"_IFJ
MOJ%Q>PR6DELUM(%P[ E@5R#QTK1K)6TN[/5;B>$1R)>3QELY_=HJ8)^N1Q]:
MUJ *+:OIKFX1KN FW&95+#Y/K5FVN(;JW2:V=9(7'RLO0BN:;PWJ$MW)/=20
M77[N1%$DT@W;G5E/ ^3&/X?K6_ID%S;:?%%>3>=.H^9\Y[\#/4X'?O1T![G-
M>+/^0G'_ -<_ZUAUN>+/^0G'_P!<_P"M8= !1110 4444 %%%+0 E%%% !12
MXI<4 -HIU% #:*=10 VBG44 -HIU&!0 VBG44 -I<4M% "8I:*7% "44H%*!
M0 @%.Q110 8I:7%&* $Q2@4H%** #%%*!2XH 3%+BEHH 2E I12XH 3%+BC%
M+0 44N** &FFFI"*81S0!RNI"/R+K)E64QLH(4,OWS@$?I]#WQ7F^F;DU2$J
M@#!C\N/?I7IFHNJV]X,$;X'!8C@?,V/0GTQT.17F5@5CNH-S8&W.<9H ]4TT
MQB]C$;.26P^<8SL)XY],?UK>%8EKM;6BX_C9< $$ ;&_$^N3C.16X!0 X4M(
M!3J $HQ2T4 -Q1BG8HH 2BBEH 2BEHH 2EHHQ0 4N*4"E H 3;2;:?BC% "
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M44M% "4M%% !BBBEQ0 E+BC%+B@!*7%+2@4 )BEQ2T4 %&*4"EQ0 F*7%%%
M!12XI<4 )BEHI<4 &*6C%+B@ Q2XHI: $I:*7% #:8U24QA0!Y[XV\-Z?+?-
M>2:BT5S/R8#'YF<# (P1@<=ZY>+1K0'#^?-(1C9& /\ Z]='XQ\/Z]/K%W>6
M:;K1\8=9%7 P!@Y_&N5MM%O1.&\T6[D8$CR;>?J.10!Z-X1MM*73K@:;:2V\
MFW$K2MO9OQ]/:NJC.Y5;U -<EX&\-Q:0)KN/4TO'E4*ZPD^6G?OR3[UU=J@2
M+RQT1BHSUQGB@"<"G8H44Z@!N*,4^B@!F*,&GXI<4 1XH J3%)MH ;MI-M/Q
M2XH 811BGXHP* &XH IV*6@!N*7%+10 E&*7&:7;0 VC%/VT;: &@9J6&%IY
MDC4<L<4T"M?1K7 :X8<GY5_K0!IQ1K#$L:#"J,"J6N:D^D:/<7L4#3O$N1&I
M SS[UH56U"RCU*PFM)694F4J2O4>XH QT\0/;ZG=K=P70@!A ^5<0;Q_$0?4
M]LU>L-?L]1OGM8-^]02K'&) #@D8.>#Z@4U]!BFAN$GN)I'N#$9'.T$E,8X
MQSCFGZ=HL6F7$CP2'RWSMC*)\F3DX8#<?Q)H TJ*** ,C7KVZLUMS#*+>W9B
M)KDQ>9Y7'&1V!]>U$OB.RM;Q+2:0LV%#S+C8"1D9YSS[ CWJYJ%E+>QA([R:
MV'(;RU4[@>WS _I5%?#-I%<+)"S)'Y:QO&45@X P.2"1QZ$4 30:Y%-Y!-M<
MQ)<.$A>15 DR"01@Y P.^#56;Q- \$_V>.Y!CA:5I?+!6, L,D;AGE3P*E&@
M$6T4/]HW7[AU:W8A"8L#&/N\\''.:(?#5M#:7$ FG83P&!V8C."6.>G7YC0P
M6Y6'B&5Y;Z)H)8$MI(D6<HK!]VWMNR,[ORJ0^+].Q,0)2(QE2 O[P;MN5YXY
M_O8J=_#\+RSM]HF$<YC9XQMQN3&#G&>BCVID/AU+6*>*UN7BCE!"J(8CL!.2
M,E<D?[V:&"-2WF,\"2F-XRPSL?&1]<$C\C4M5M.L8]-L(K2%G9(A@%CR>]6:
M& 5CW7B6TLKJ>"XCG1HHVD!PI#A>N #GOW K8K D\(6DD\LC3SXD\W"@(,>9
M][G&3[9)Q0!87Q' 0Z?9KH7*R",6Q1?,8E=PQSC&,GDC&.:D\/7<U[HT,]P6
M\URV=P&1\Q&#CBFSZ#%+=274<\T-RS*ZR)@E"J[> 1@Y!.<YJWIUBNFV,=LC
MO($S\[XRQ)R3QQWH YSQ3_R$H_\ KG_6L6MOQ3_R$H_^N?\ 6L6@!**6C% "
M44N*,4 )2TN*,"@!,44ZB@!,48I:* $Q1BE%+0 W I:,48H **,48H 3%+1B
MC% !11BC% !12XI<4 -Q2U*;>01"78WEGHV.*8!0 @%+12@4  %+2XHQ0 E%
M.Q0!0 F*7%+10 F*7&:7%+B@!,4H%+BB@ Q12T4 &*7%%+0 48IP% % #2*8
MU2XJ-A0!Y7XP\02CQ!/!-&SQ0-A$=RJ@8ZCUY[USL.H7[S*?*24#G9Y>0?RY
MKLO%WC I?S64(@186VES$'D)[\D<"N0BU*$WJ-)+<0QYYDB W#Z#(_G0!W7@
M"VUF*>>6^MO)LWCPK2(49FSQ@=QCO7:Q9%S(I'# ,#Z]C^6!^=<-X!\127EZ
M]A))=2 J642'>!COGM7=D;9HF['*G\>GZB@"=:=B@"G@4 ,/-+BG8HQ0 W%&
M*6B@!,48I:7% "8HQ2XI: &8HQ3Z,4 ,Q2[:=2]: &[:4"G8H"T -Q2@9IV*
M,4 -Q2[:=BE H =#$9IEC7JQQ71QQK%&J*.%&!6?I-O@-.PY/"UIT 4=:NY+
M'1;RZA*B2&)G4L,@$#N*S;/Q%;PV\*SWAOI)_P#520Q "5L@;% /WAG)]JV+
M^S34+">UD9E29"A9>HSZ5FMX<\]XY+S4+JXF@P;=R$7R3Z@*H!)Z<YXH6X$.
MI:^QMA)90W/EK<(GG!%*RC?AE7G)_(?6II?%%M!:F>6WN45)&CE4A,Q$8SD;
MN>"#\N:>OA]$ B%W/]E642QP87:C!MW!QG&>Q-5[SPC:7D\TK3S*T[.7 "GA
ML9 R#CIU'-"'I<D;Q791L_F17*Q!G02E!M=DZJ.<Y_#%,?Q;:0J_GVUU%*CE
M3"X0/PH8G[V, $=Z9J?AH/I+16;NTR-(Z!V W%P0PZ>A./?%5M.\,RR6JK<I
M]E,#'[.Q2)Y,$#=OX*'.!CO0(TY[ZXO[N*UTR>.)7@%PT[)O^4G"@+QUYI3K
MD5H_D7/FRF(K'-<I&!&KG& ><@G(Z9 R.:FNM)\]X9H+F6VN8D\L2QA>5]"I
M!';TXJN_AV.1V\RZN&BD97GB^7$KKC#'C(Z#@8'% $/_  EEL4WBRORIB,X/
MEKS&.K?>Z#WY] :D;Q1:B4)';7DJM+Y*ND8VL^W<%&2.H[]/>I1X?MQ"L7F2
MX6T:TSD?=;&3TZ\40^'[>!(E624B*Y%R,D<L%VXZ=,4]/Z_KL']?U\RJWBFV
M1A*1/L:-<0>6 P<N5P6+8'(QZ>]/G\11LLZ1Q7$+0,BR2.BL$9BORD;L_P 7
M7I[FG'PU$!+Y-S*C2J48E4<$%RQ&&4CJU1?\(C;EH]]U<.L2+'&#MR "#R<9
M;[O?..U)>8W:Y+-XILH(WEDCN!" WER[!MFVG!"\YS]0/:KUAJ*7_G*(IH9(
M6VO'* &&1D'@D8(-9\WA6VGC:&2XG-NNXPQ?+B$L<D@XR>_7.,U;&F21ZM]K
MAN&6.1BTT9_C.T*H^@QF@1#'XCMY)73[/<J-SI&[*H65DSN"G/7@]<=*A3Q7
M:R@"*UNY) 6WQHJ$QA<9)^;!^\.A-5X?"IN[::/4[B4J9I7BB7;MCW,<,,#D
MX/?/4TU?"LL&HHUM>S1Q.LAGD58P26"C:!MP!A>PH0%MO%VF"4JKNZ!2?-4
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M=10 F,T8I<48H **6C% "8I<4H%+B@!,4M+1B@!**6EH 3%+2T4 )2T8IP%
M" 9I:7%2(=N<8.?6@!8[:65<HN1]:1H7C/SHR_45*9?E 0;2.XI[W<DJ!7.[
M'>@"MBEQ3J* &8IAJ:F,N<4 >-^)AKPUJ[(TZY&Z5BLOEERRYXP>F,8K%B35
MKFX6"%I6E;[JJ<9-='XC\<WDU_<0174T<"2,JQP':, XY/<US$FH*[9=).G=
MNM '?>"O#7B*QU);O4I/)ME',<A#M)[#'2O0T%>7> ?$,CZM%9*EULDX*CYT
M ]3Z?6O4D% #(5V3SIV8B0 ^XP?PXJ<"H7!2ZB<8PX*-_,?R-3T )BC%+10
MF*3%*:,4 )BBG8S0!0 @%&*=BE H ;2TN*6@ HHI: #%%%**  48I:,4 .BC
M,LJHO5C701H(XU1>BC K/TN#[TQ'LM:5 $-W++#:3201&:5$+)&#C<<<"N:7
M7M2>]M'+VA@6&=[F)4<,"FWC#<AAGOZ_2NHFA2>%XI5W(XPPSU%4H]"TZ)8
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M7/RCCWIA6GXI: (]II=N*?10 P"EQ3J,4 )BEI<48H 2BG 4N* &@4[%+BE
MH ;BEQ3L<TN* &XI:=BC% #<48I^*,4 -P:4"EQ2@4 -Q2$5+BD*YXH \O\
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M<^H!Q3MQ9OFZ?[(H 018R%\LXZ84G^M"6:O)R/K^[ _K4F2P(21>.VZD1%#
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M8#]8%_PI?^$WUD_>: _]L@*2WL+&6UNI9YIXI8X\PQB/_6-Z=*HB-3UBF'_
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M(KL]/T.RCMK=UMT9V13N;DYQ7)_=L&<*6*ID*.K>U;]IXTLK>RMA-9WZ% J
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M#USZ"NIDUNRAUB/3))=MS)$95!'&,^O^>E36>I6FH!_L=Q'+Y9PVT]*=P\C
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MH//W>F.*T=-TR\M-3FFDEB6!U^9(RQ\U^/G*GA3_ +O6MBBBX>1@6&AW=M-
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MT221G*. RGU!KDK[1+JYNDAE9FNI[D2S30PLL2PD!73<2>H4<9[UUX 4  8
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M^0YQV'-9YU!"A\P*$4=<=:2*X>1=P0;#QN88S[4 : N",Y1L>M(UPW'[S!]
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M9+:V$<5SL>)U>WE2!%:/ (&<#Y^">M,!?^$H1+RZCN+&\AAMX$F:1X_[V>,
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MW%/^P704,7;:N&&Y<$]OYFI@WE/"Z>;E'V@S, J$=>G>I$5)G:>1Y97"XPP
MP.W(]: *@TFXFNF/V1S+*,*?, YZ FJBZ1?+O94M5 ;!,DHY/]:Z6?3#&ZQ1
MW*10OB1B90<#/&3G/ ['N:6>.VMKG<TRS';C!^4E1QP>GZT <M!IEV[AHX82
M6YP!D YZ?C4D^G+(Z-<088\-Y Y]<D5T>H1VMMIT%PE]%&DJDG8A\QVSQSTX
M'&?:IM(NOL:+-?Q13S73'+E0,<8&?0?AVH Y)+6ZMIL1AWBS\K"//XU(UAJE
MS;M)-"A53\K,F./4&N\COG6#9';Q!P^T%I-VY,>O92?QJK]M>.[-O+Y?EQ)@
M;XBV,\\>_O0!QB0WT>_S(@$)QN7DBM)M.OT+!(W23;N 8[2?H#ZUT,7E75Q*
M(XKN&$MEYDCQO!X[]L^]3P%YPJ?9S,^XA)7<G<W'/'7MB@#F(M+GU+8%M&+L
M^W?LYR!SD5#K20:,GV>:"4.X*F2-<,I!P>WM75?9X99+=)W99-YQD-P1TZ=S
M[USFKZ[??;&C0I8P9RQFS(S@\$$'L",\=C0!QUX0LSF 3)&8MS!VW#&>W<56
MMKA[<>:2[8DW@ER"#Z_6FS2N9G)D,@.1NSU'UH2:2,$%%"D=&')% #5FD5P5
M=T )*#/0GK],UJV$16W62>V8J0S(S9(49Y*XZ=N:I1S;?E\N,G!W')K2TG57
MTX3M)#YD+Q,H5I,;=W<'U% #+^!+6*)RCPI,ORJ=P('KGN*I-L\L)'%E!_$W
M>K%YK4][!'#>2F>*)CY)DQN1?08ZU4CDWAF5I#CK@=J )I;\R_N&SVR,D#\_
MQK2L;J:?3V@CC@$4>,L5RYX]>W2LEEC=B\LG.,'/)%3Z5MCN J&0"4<@L.?P
MH V](\3FX2=6MB"LA;A_6EUF]_M.Q,$<11LYR6XKKK7PQI=FY:*T7+G+;B3G
M-<9<,!K-U;;"%5VVE<<#/2@"Y;:PL,2J\#$J,9!%2KK41Y\E_P Q3-)LH;G5
MH(9@71B<J1C/![BNC;PSIQ8 0$9]&- 'F&MS>9J,N%QEBW7UJ2WU9(;:.-HF
M)5<9%6/$EC%;ZA<&/<-KE1D]A3+;2[>>TCD8-N903AJ &?VX@_Y9-^=(=:3/
M^I;\ZF;1[?L&_P"^J0:-;_[7_?5 $?\ ;B?\\F_.D.M@\>6V/3-6!HUM_=;\
M6I?['MAV/YT 5QKB#_EDWYT?VX#C,;8'3GI5C^QK<_PG\Z;_ &-;^C?]]4 1
M_P!NIT\IOSI1K@=QF-R3QDFG?V1;^C?]]4HTFW!!PW'^U0 S^W5'_+)N#ZU'
M?:K]LMFCV-N8@Y8YJQ_9$&<[6S_O5'>:;#!:-*@(88[T ;'@R]64P:3;VY>_
MNYBBL4!4#J"?I@FOH:QLH=/LH;6W14BB4* HP*\O^"_AB);:3Q!-&?.8M# 3
MTV_Q$?R_.O6* (YY1!!)*<$(I;E@!Q[G@5R]QX@EU4V45I#(I-YY4ZPW*C@(
M7&'!Y!X/'IBNEO+2*_LY;:X!,4JE6 ..#5*V\/VMM*LOF3RRB43%Y'R2P39S
MQZ4(#%LO$K:?IRS7\4K7%S+*^U[A2-BM@E<G [ *.M:-WXBE-G>3Z;9-<1V\
M3,96=57>%W8P>>XJR^@6QA@2*2>%X"Q26-\.-QRPR1T-*VA6[33/YMPL<ZD3
M0A_DD)&"Q&.N/2CH"*'_  EL<!M(KNW*3RQH\JB13Y8<X4@9^;\.@IT6L37V
MO6*PQ2QV3B8"0N,3%<#[O7@YP35N+0(87@>.YNUDB4(7\P9E4'(5N.0*=;:%
M;6E^MS%)/A-WEPE\QQ[OO8'O]:>@&<FMW%GJFI+/;S36RW*QI('7"$QKA=O7
M!)Z^]:-EK<6HN%MHG8_9Q,<D#:22 A_VN#^5-FT.'[9+>H99)&<3"W:7$1D
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MK7'E-L(V;AA=W7L1FMY+.WCC:-((E1E"LH0 $ 8 /MBF0V-G:)&D-O!$J$[
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M4G"\'&&[YZT^*X6"(SHRD-\@!;G&<=3WJK)J'VF,-(DL2D^6JOC/)P"?3(H
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MA_.NA;2-.>V%NUC;&!6W",Q+M!]<8ZT\:=9B9IA:P"5BK%_+&25^Z<^W:A:
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M$]_)!+<1QVRQVT222*RL3)EV0[3G@?+D'FI8]3O[:*_,MW')(U\8+9!;,Q'
M.,;QGCW'>NA-E:E64V\)5E"$;!@J.@^@J.72K"<RF6RMW,Q!D+1@[R.F?7%
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M(S#;SGK@<>OO0!U,SS06")8W8DNA'@*\+$-ZD=^P()J_I/AT7/GV>JQ&>\:
M*]V#D.I.05)]\\XJOHES'>"WABFVSP,<QGY9 V< Y/WAC.>?PKHM2NC::;//
M9H1=2X7=(56.(\=2>V/YT 8-SX%MH9X?L=Y-:P*#N3[[2'KZU#%X5!,K?:OO
M,?*.T'"YXS[UA7$TUIYD8O[6[0ONV1L?,.[D[3UXP.:Z:SU-K*)$U9I8I)?F
MC\X*"1]1Q_*@#C=;TAEN)$E?=)%E=V37/AF7*L <<5W/B$I->230D>6P!)W+
MU[\9JI8>&--OM2>&;4%DEV*_E1, 2?XAZ\<4 <<WEL?N<^U2OILHA$IA=5/
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MT&HW,A\/0S1"3<[0<2H"V"ZYR,8S@TA/>QL45S6FW5^=1M'FNII$N9IXVB9
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MO^F@C;%@9;G.>0#QCFFD([.&83J6577#%<.I!X_I4E<9>Z)J$SQF1)S#YLQ
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MX*NQYW-^'UKI;NV6[N5O$CBE; 5 6#*I/?GO]*R-5MK#49(X=\%K=,V"$ZN
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MI[C/>I+FWGNXE2)R22%9ARR+WX'T% &9X@@GN[2&2V_>1QQ;V)'WR2/UZYK
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M_!&I7.\/%Y"J&(:=<<CMQ_\ JK%FTWRI"DB!64D%3&00:]&>74K74;>=VC>
M*59O,^1F&0>.I-8/B.6)]<N'65I2[;F*G !]!]* .;MO#XU6\M[6V8>?,X51
MMZ9[U]!:3IL.CZ5;6%LN(H$"#W]3^)KBOAOHP9YM6D5L#,<.[_QXC^7YUZ#0
M C,%4LQ 4#))Z"LRRUR*^GE6$*\:3F$2I*K*<(&S^N.,U+K5E)J&FO!"5W;E
M;:WW7 8$J?8XQ^-8L>A7<K>;-9P1JUQ)*UNLO\+0[,9 ')- '0?VE9?9S/\
M;+?R0VTR>:NW/IG.,U#;ZM#+'=23M'!%;S&+>[@*<8YR?K6);Z1J4$=M+):P
M3B!G5;621>%8* 2P7!(P>W0U*^D7RW#3_9H)E2Z>98&DPL@= /3@J: -][RV
MCDCC>XB5Y1F-2X!?Z#O2M=0*NYIX@NW=DN,8]?I7-PZ#>V]Q9^6D>50K-*7!
M4*23L"D9XS@$$>]0_P#"/ZC/;I#/!;JL4$< _>;MX60,3TX! Z4=1-V.H2\M
MI)$CCN(6=UWJJN"67U [CWIT]S#:Q[[B:.),XW2,%&?3)K!70)8_$ANBA>W,
MHF1EE"^5A=NW;MR1UZ''-7-8L9Y[NVNH;>*[$2NAMY6VK\V/FS@\C'Y$T#-(
MW, F6$S1B5AD)N&X_A51M7@CUIM.F:.-_*61"\@!<DL, =_N_K5+0M#ETRZD
MDN#'*WV>&)9.K94-GZ#FH=:T>ZO=3G>*WMY(KBV6'SI'P82&8[@,<]>,$<BG
MU&;R/!D-&T693U4CYR/Y]*)[J"VV?:)HXMYVKO<+N/H,USFA6:RZ]<36\JS:
M=:Y^S,O(\U_]9@]\8_\ 'C6A?V5Q_;,=Y%;17<9B$121POE'=G<,@YS_ $%+
ML(TA=VYEDB$\1DC&73>,J/4CM5>YUK3[6U:YEO(!"CB-F#@@,>@/O6&WAZ]=
M&@\J!?+6?%P'^:?S <!ACCKSUZ<4^Z\.S&"X6""W(:&W"QY #/&Q)SQQD<9H
M!^1N12:>MZ?*>U%U.H8[2N^1>Q]2*CNM<TVS ,][;K^]$)_>#Y6/0'TK%OM&
MU.^U:*8B.*))$="KJ/+7:05QMR3D]<XQVI6T>\;28+8Z=:"6SEA<$2#%QL/)
M^[P3[YZTT!N_VC GFF>2.!(VVAY)% ;@'(Y]^]/EO[2%HUEN84:090-( 6^G
MK6(- FDU@7,T4#0_:9)MK'. T2H.,>H-8$D7]GZI;VMXJLL,< >-"#([J<KY
M>>2HXSM]#1U2 [>_U.TTQ8FO9XX5ED$:%VQEC46GZQ!?33P[HTFCE>,1^8"S
M!?XL=<5'KUC+?6UN8(8II(+A)O+D. P'49P<=:SO^$>G)WA88Y6OI)VD4_,$
M9&4<XZ\CBDOZ_ ?;^NYM11:?<W374*6LMQ&=AE4*SJ?3/4?2H4U8R:I/:):2
M^7;X\VX+H$4E<],Y_2J/AG1IM+\W[1&PDV)'O\T,) N><!1CKWR:>=":34=4
MN7=U-RH2+$K;<;-IW)G!Y]J!&N;F!5+--&  &R6'0]#]*BEU*TBL6N_M,!@
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M&>68GCWZ=JGU+6XM/?3W9T%M=.0TC9X&PL,?E6<^@ZC,LK3&R:79''#M,B;
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@0 4444 %%%% !1110 4444 %%%% !1110 4444 ?_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
