This Fund seeks to achieve net worth per unit which closely correlates with the movement of the yen-converted S&P 500 Index by mainly investing in some or all of the separately specified investment trust securities.

This Fund is a contract-type investment trust. However, it is structured differently from ordinary investment trusts in the following respects:

• The trading amount is 10 units. (as of the day when the security registration is submitted)
• A trading commission will be charged at a rate determined by the broker.
• In principle, investors can trade this Fund in the same manner as listed stocks. Please contact your broker for more information.

This Fund of Funds invests in investment trust securities.

• US Equity Index Fund (for qualified institutional investors)
  While investing in domestic and overseas short-term public and corporate bonds, this Fund seeks investment returns that track the movements of the yen-converted S&P 500 Index by mainly investing in rights for stock price index futures trading.
  While investing in equities listed on US financial instruments exchanges (including depositary receipts) in accordance with the Fund's status and the investment environment, this Fund seeks investment returns that track the movements of the yen-converted S&P 500 Index by investing in rights for stock price index futures trading.
• Money Account Mother Fund
  This Fund seeks to ensure stable returns by investing in public and corporate bonds.

Fund of Funds Structure
This Fund of Funds invests in investment trust securities.

Major Investment Restrictions

• This Fund will not invest in any securities other than commercial paper and designated money trusts, such as investment trust securities and investment corporate bonds.
• There are no restrictions on the ratio of investment in foreign currency-denominated assets.

Further Information

Further information is available from the following sources:

Tokyo Stock Exchange’s official website

• Market price of "Listed Index Fund US Equity (S&P 500)"
  Listed ETFs on The Tokyo Stock Exchange
  * To conduct a search, click the fund name “Listed Index Fund US Equity (S&P 500)” in the list.

STANDARD&POOR’S official website

• S&P500 Index
  • Fact Sheet（PDF）
  • Methodology（PDF）
  • Directory（PDF）
  • Constituents
    ・Downloading Index Data. (Free registration is required)
    1.Click on “+ Download Index Data”

    2.You will be asked for your email address and password. New users should click “register here” and enter their details to register.

    3.Click “Index Constituents” to open or save data as in Excel format.

ETF Square

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