The S&P Japan Emerging Stock 100 Index is an Index calculated by the adjusted total market values of floating stocks for the top 100 issues representative of Japan's emerging markets. These markets are the JASDAQ Securities Exchange, Inc. (including NEO), Tokyo Stock Exchange Mothers, Osaka Securities Exchange Hercules, Nagoya Stock Exchange Centrex, Sapporo Securities Exchange Ambitious and Fukuoka Stock Exchange Q-Board. The 100 issues are selected from all the issues listed with Japan's emerging equity markets from the perspective of total market value and liquidity after flotation adjustments. The computation method used sets 14 September 2000 (closing price) as the base time with a total market value of 1,000 and then the subsequent total market value is indexed.

The continuity of the Index is secured by adjusting the total market value in order not to be influenced by paid capital increases, new listings and delistings, which are not true factors of market conditions. The S&P Japan Emerging Stock 100 Index is a representative Index of Japan's emerging equity markets that Standard & Poor's has released to the public.

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Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and have been licensed for use by Nikko Asset Management. The Listed Index Fund S&P Japan Emerging Equity 100 is not sponsored, endorsed, sold or promoted by S&P or its Affiliates, and S&P and its Affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in the Listed Index Fund S&P Japan Emerging Equity 100.
This fund is not sponsored, endorsed, sold or promoted by standard & poor's and its affiliates ("S&P"). S&P makes no representation, condition or warranty, express or implied, to the owners 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 S&P Japan Emerging Equity 100 to track the performance of certain financial markets and/or sections thereof and/or of groups of assets or asset classes. S&P's only relationship to Nikko Asset Management is the licensing of certain trademarks and trade names and of the S&P Japan Emerging Equity 100 which is determined, composed and calculated by S&P without regard to Nikko Asset Management or the fund. S&P has no obligation to take the needs of Nikko Asset Management or the owners of the fund into consideration in determining, composing or calculating the S&P Japan Emerging Equity 100. S&P is not responsible for and has not participated in the determination of the prices and amount of the fund or the timing of the issuance or sale of the fund or in the determination or calculation of the equation by which the fund shares are to be converted into cash. S&P has no obligation or liability in connection with the administration, marketing, or trading of the fund.
S&P does not guarantee the accuracy and/or the completeness of the S&P Japan Emerging Equity 100 or any data included therein and S&P shall have no liability for any errors, omissions, or interruptions therein. S&P makes no warranty, condition or representation, express or implied, as to results to be obtained by Nikko Asset Management, owners of the fund, or any other person or entity from the use of the S&P Japan Emerging Equity 100 or any data included therein. S&P makes no express or implied warranties, representations or conditions, and expressly disclaims all warranties or conditions of merchantability or fitness for a particular purpose or use and any other express or implied warranty or condition with respect to the S&P Japan Emerging Equity 100 or any data included therein. Without limiting any of the foregoing, in no event shall S&P have any liability for any special, punitive, indirect, or consequential damages (including lost profits) resulting from the use of the S&P Japan Emerging Equity 100 or any data included therein, even if notified of the possibility of such damages.