The Fund seeks to achieve net asset volatility per unit of trust assets which closely correlates with the movement of the yen-converted S&P/ASX200 A-REIT Index by investing mainly in all or a portion of separately stipulated investment trust securities.

While the Fund is a contractual-type investment trust, it is structured differently from ordinary investment trusts with respect to the following points:

• Units may be traded in blocks of 10 units (as of the date when the securities registration statement was filed).
• Brokers determine trading commissions.
• The method of trading is generally the same as that for stocks. Please contact your broker for further information.

Australia REIT Index Fund (for qualified institutional investors)

• The Fund seeks to achieve investment results that correlate to the movement of the yen-converted S&P/ASX200 A-REIT Index by investing mainly in Australian Securities Exchange listed REIT securities.
• The Fund may invest in rights pertaining to real estate investment trust index futures in order to enhance the correlation with the yen-converted S&P/ASX200 A-REIT Index.
• While investing in listed investment trust securities in accordance with the Fund’s status (initial launch and subscription, redemption status, etc.) and the investment environment (trends and taxation systems of markets targeted for investment, etc), this Fund invests in listed real estate investment trust securities and other instruments with the aim of correlating to all or a portion of the price movement of the real estate investment trust securities included in the S&P/ASX200 A-REIT Index.

Fund of Funds Structure
This Fund is a Fund of Funds investing in investment trust securities.

Major Investment Restrictions

• This fund will not invest in any portfolio, stocks and bonds other than securities held for investment trust, short-term corporate bonds, commercial paper and designated money in trust.
• There is no restriction on the investment ratio for assets denominated in foreign currencies.

Further Information

Further information is available from the following sources.

Tokyo Stock Exchange

• Listed ETF Prices

Standard & Poor’s Official Homepage

• S&P/ASX200 A-REIT Index

The Tokyo stock Exchange also publishes “ETF Square” – an exclusive site providing an introduction to ETFs as well as investor Q&A Section and other valuable information.