The Fund seeks to achieve net asset volatility per unit of trust assets which closely correlates with the movement of the Citi Nonyen World Government Bond Index - Japanese Investment Trust (Nonyen WGBI-JIT) by investing mainly in all or a portion of separately stipulated investment trust securities.
Net Asset Value and Performance
|NAV (per 1 share):||¥ (As of: )||Net Assets:||
Fund of funds structure
This Fund is a fund of funds investing in investment trust securities.
- International Bond Index Fund (for qualified institutional investors)
The fund seeks to achieve investment results that correlate to the movement of the Citi Nonyen WGBI-JIT by investing mainly in global government bonds.
- Money Open Mother Fund
This fund seeks to achieve stable returns through stable management by investing in public and corporate bonds.
|Fund Name||Listed Index Fund International Bond (Citi WGBI) Monthly Dividend Payment Type
Open-ended type/Foreign/Bonds/ETF/Index fund
|Listed Exchange||Tokyo Stock Exchange|
|Targeted Investments||Investment trust securities that aims for investment results that track the movements of the Citi World Government Bond Index (ex Japan, no hedge, in yen)|
|Date Listed||30 September 2009 (launched on 25 September 2009)|
|Exchange Trading Unit||10 units|
|Computation Period||11th day of each month to the 10th day of the following month|
|Closing Date||10th day of each month|
|Dividends||All revenue from dividends arising from the trust assets will be, in principle, paid as dividends on the last day of the fiscal year after deducting expenses.
*There is no guarantee on the payment or the amount of dividend.
Overview of Fees & Expenses
|Trading Fee||Stipulated by the broker. Please contact the broker for details.|
|Amount to be Retained in Trust Assets||0.2% of NAV at the time of exchange.|
Approximately 0.27% (0.25% excluding taxes) per annum of net assets.
The breakdown of the trust fee rate is as follows: the fund's trust fee rate is no higher than 0.162% per annum (0.15% before tax) and the trust fee rate for incorporating investment trust securities targeted for investment is approximately 0.108% per annum (0.1% before tax).
|Other Fees and Costs||
An amount no more than the total amount for the trust period reached by multiplying an annual rate of 0.15% on the fund's daily net asset value.
Expenses for the preparation and distribution of prospectuses, audit costs, expenses for listing of the Fund, as well as royalties for the Citi Nonyen WGBI-JIT are paid out of the trust assets at the times specified by the Management Company.
Brokerage commissions on securities in the portfolio, interest on borrowings, interest on advances, lending fee (in case security lending is conducted, the amount obtained by multiplying a lending fee on securities lent by a figure which is a profit for Trust Assets, not exceeding 0.54 (0.5 excluding taxes) (0.5 excluding taxes as of the date of the filling of the securities registration statement), and other fees are paid out of the trust assets each time they are incurred.
The total amount of expenses of the Fund to be borne by investors varies according to holding length and investment status, and thus cannot be shown.
Major Investment Restrictions
The Citi Nonyen World Government Bond Index - Japanese Investment Trust (Nonyen WGBI-JIT) is a bond index developed by Citigroup Global Markets Inc. calculated to be an index of the total return of government bonds of major countries weighted by the market capitalization of each respective market.
The Citi Nonyen World Government Bond Index - Japanese Investment Trust (Nonyen WGBI-JIT) is an index representing the composite performance of government bond markets of major countries excluding Japan calculated by converting local-currency based indices into yen without hedging.
- The composite list of the Citi Nonyen World Government Bond Index
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Japan Exchange Group (JPX)
- Listed ETF Prices
To see the Listed ETF Prices, please follow this link and click "Display of stock price".
Japan Exchange Group publishes summaries and lists of the ETFs, as well as other valuable information on their website.
Copyrights to the "Citi Nonyen World Government Bond Index"
The Listed Index Fund International Bond (Citi WGBI) Monthly Dividend Payment Type (the "Fund") is not sponsored, endorsed, sold or promoted by Citigroup Index LLC ("Citigroup Index") or any of its affiliates (collectively, "Citigroup"). Citigroup Index makes no representation or warranty, express or implied, to the owners or prospective owners of shares of the Fund or any member of the public regarding the advisability of investing in securities generally or in the Fund particularly, or the ability of the Fund to track the price and yield performance of the Citi Nonyen World Government Bond Index - Japanese Investment Trust (Nonyen WGBI-JIT) or the ability of the Citi Nonyen World Government Bond Index - Japanese Investment Trust (Nonyen WGBI-JIT) to track general bond market performance. Citigroup Index's only relationship to Nikko Asset Management Co., Ltd. ("Licensee") is the licensing of certain information, data, trademarks and trade names of Citigroup. The Citi Nonyen World Government Bond Index - Japanese Investment Trust (Nonyen WGBI-JIT) is determined, composed and calculated by Citigroup Index without regard to Licensee or the Fund.
Citigroup Index has no obligation to take the needs of Licensee or the owners or prospective owners of the Fund into consideration in determining, composing or calculating the Citi Nonyen World Government Bond Index - Japanese Investment Trust (Nonyen WGBI-JIT). Citigroup Index is not responsible for and has not participated in the determination of the prices and amount of the shares to be issued by the Fund or the timing of the issuance or sale of the shares to be issued by the Fund or in the determination or calculation of the equation by which the shares to be issued by the Fund are to be converted into cash. Citigroup Index has no obligation or liability in connection with the administration, marketing or trading of the Fund.
CITIGROUP INDEX DOES NOT GUARANTEE THE ACCURACY OR COMPLETENESS OF THE [UNDERLYING INDEX] OR ANY DATA INCLUDED THEREIN, OR FOR ANY COMMUNICATIONS, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATIONS (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO, AND CITIGROUP INDEX SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS OR DELAYS THEREIN. CITIGROUP INDEX MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OR PROSPECTIVE OWNERS OF SHARES OF THE FUND, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE CITIGROUP NONYEN WORLD GOVERNMENT BOND INDEX - JAPANESE INVESTMENT TRUST (NONYEN WGBI-JIT) OR ANY DATA INCLUDED THEREIN.
CITIGROUP INDEX MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE [UNDERLYING INDEX] OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL CITIGROUP HAVE ANY LIABILITY FOR ANY DIRECT, SPECIAL, PUNITIVE, INDIRECT, CONSEQUENTIAL OR ANY OTHER DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE.
Copyright© 2009, Citigroup Index LLC. All rights reserved. Citi and Citi and Arc Design are registered trademarks and service marks of Citigroup Inc. or its affiliates, are used and registered throughout the world, and are used under license for certain purposes by Nikko Asset Management Co., Ltd. Reproduction of the Citigroup data and information in any form is prohibited except with the prior written permission of Citigroup Index LLC ("Citigroup"). Listed Index Fund International Bond (Citi WGBI) Monthly Dividend Payment Type is not sponsored, endorsed, sold or promoted by Citigroup, and Citigroup makes no representation regarding the advisability of investing in such fund. Because of the possibility of human or mechanical error, Citigroup does not guarantee the accuracy, adequacy, completeness or availability of any data and information and is not responsible for any errors or omissions or for the results obtained from the use of such data and information. CITIGROUP GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall Citigroup be liable for any direct, indirect, special or consequential damages in connection with any use of the Citigroup data and information.
- 23 Feb 2017 — Earnings Report for Fiscal Year ended Jan 2017 (11 July 2016 - 10 Jan 2017)
- 23 Aug 2016 — Earnings Report for Fiscal Year ended Jul 2016 (11 Jan 2016 - 10 Jul 2016)
- 23 Feb 2016 — Earnings Report for Fiscal Year ended Jan 2016 (11 Jul 2015 - 10 Jan 2016)
- 21 Aug 2015 — Earnings Report for Fiscal Year ended Jul 2015 (11 Jan 2015 - 10 Jul 2015)
- 23 Feb 2015 — Earnings Report for Fiscal Year ended Jan 2015 (11 Jul 2014 - 10 Jan 2015)
- 22 Aug 2014 — Earnings Report for Fiscal Year ended Jul 2014 (11 Jan 2014 - 10 Jul 2014)
- 21 Feb 2014 — Earnings Report for Fiscal Year ended Jan 2014 (11 Jul 2013 - 10 Jan 2014)
- 23 Aug 2013 — Earnings Report for Fiscal Year ended Jul 2013 (11 Jan 2013 - 10 Jul 2013)
- 22 Feb 2013 — Earnings Report for Fiscal Year ended Jan 2013 (11 Jul 2012 - 10 Jan 2013)
- 17 Aug 2012 — Earnings Report for Fiscal Year ended Jul 2012 (11 Jan 2012 - 10 Jul 2012)
This Fund can be applied for as a cash creation and a cash redemption at Authorised Participants in addition to the Tokyo Stock Exchange. When applying as a direct addition and exchange, please keep in mind that we cannot accept your application on the following dates:
- SMBC Nikko Securities Inc.
- Citigroup Global Markets Japan Inc.
- ABN AMRO Clearing Tokyo Co., Ltd.
- Goldman Sachs (Japan) Co., Ltd.
- Merrill Lynch Japan Securities Co., Ltd.
- Nomura Securities Co., Ltd.
Daily Creation and redemption are based on ETF's NAV calculated in early evening. Confirm non-tradable days by referring to trading calendar on our official homepage. Basket for creation is continually-updated on our official homepage.
Basically sell/buy at last price of T day's market while FX rate is TTM of one business day after the application (10am on T+1)
The flow chart below is showing the creation/redemption process for Nikko AM ETFs. Please note that transactions cannot be processed for days on which applications are not accepted.
Creation Flow for Cash Creation/Redemption Type ETFs
Redemption Flow for Cash Creation/Redemption Type ETFs
Investors are not guaranteed the investment principal that they commit. Investors may incur a loss and the value of their investment principal may fall below par as the result of a decline in market price or NAV. All profits and losses arising from investments in the Fund belong to the investors (beneficiaries). This fund is different from saving deposit.
The Fund invests primarily in bonds. The NAV of the Fund may fall and you may suffer a loss for reasons such as a drop in the price of bonds or deterioration in the financial conditions and business performance of an issuer of stocks.
Major risks are as follows:
1. Price Fluctuation Risk
Corporate and government bonds generally have a price fluctuation risk arising from changes in interest rates. Generally, their prices go down when interest rates rise, causing the NAV of the funds to fall. The degree of price fluctuation varies depending on the remaining time to maturity and the terms of issue in question.
2. Liquidity Risk
Where the market size or trading volume is small, buying and selling prices for securities may be largely affected. This results in the risk that securities cannot be traded at the expected prices, sold at the appraised prices, or that trading volume is limited regardless of prices. This creates the risk of unexpected losses.
3. Credit Risk
If a default has occurred or is expected to occur, for issuers of public and corporate bonds or short-term financial assets, the prices of such public and corporate bonds or short-term financial assets decline (the value could even fall to zero). This results in a decline of the Fund's NAV. In addition, if default in fact occurs, there is a high possibility of being unable to collect investment funds.
4. Currency Fluctuation Risk
For foreign-currency-denominated assets, in general, if the yen is stronger than the currencies of such assets, the Fund's NAV will decline.
5. Security-lending Risk
Lending of securities is accompanied by counterparty risks, which are the risks of default or cancellation of lending agreements as result of bankruptcy, etc., by the counterparties. As a result, there is a risk that the Fund will suffer unanticipated unexpected losses. Following the default or cancellation of a lending agreement, when liquidation procedures are implemented by using the collateral that is set aside in the lending agreement, the procurement cost of buying back the securities can surpass the collateral value, due to price fluctuations in the market.
Risk of Discrepancies in Citi Nonyen WGBI-JIT and NAV
This Fund seeks to ensure that its NAV has the same volatility as the Citi World Government Bond Index (ex Japan, no hedge, in yen); however, we cannot always guarantee that the Fund will have the same volatility as the Index due to the following factors attributable to this Fund and to the investment trust securities invested in by this Fund:
- Lag in the timing of fund inflows and to the purchase of investment trust securities;
- Where the portfolio is adjusted through investment in issues other than the constituent issues of the Citi Nonyen World Government Bond Index - Japanese Investment Trust (Nonyen WGBI-JIT) or through changes in the constituent issues or weighting of the Citi Nonyen World Government Bond Index - Japanese Investment Trust (Nonyen WGBI-JIT), the trading of individual issues may be affected by market impact or the Fund may bear costs such as management fees, brokerage fees and auditing fees.
- Securities lending fees from lending securities; and
- When derivative transactions such as futures are conducted, discrepancies in price movements between such transactions and part or all of the constituent issues of the Citi Nonyen WGBI-JIT.
Discrepancies between the market prices at which bonds are traded on the exchange and the NAV
This Fund is listed on and will be publicly traded on the Tokyo Stock Exchange; however, the market price of the units will depend mainly on the demand for the Fund, its investment performance, and how attractive it is to investors in comparison to alternative investments, etc. We cannot predict whether this fund will be traded at a market value below or above its NAV.
*The prices of securities targeted for investment of this Fund will fluctuate due to the effects of the aforementioned risks. Therefore, please note that this Fund itself has these risks as well.
*The factors that contribute to fluctuations in the NAV are not limited to those listed above.
- These distribution materials were prepared for the purpose of providing information on the Listed Index Fund International Bond (Citi WGBI) (Monthly Dividend Payment Type) offered by Nikko Asset Management and increasing investors' understanding of this Fund.
- The provisions stipulated in Article 37-6 of the Financial Instruments and Exchange Act ("cooling-off period") are not applicable to Fund transactions.
- This Fund differs from deposits or insurance policies in that it is not protected by the Deposit Insurance Corporation of Japan or the Policyholders Protection Corporation of Japan. Furthermore, units purchased from registered financial institutions, such as banks, are exempted from compensation by the Japan Investor Protection Fund.
- When applying for the purchase of this fund, please read carefully the documents that are provided to you before concluding the contract.