The TOPIX Small Index value is calculated based on the market capitalization of stocks other than the TOPIX 500 stocks and non-eligible stocks, selected out of all the stocks that are consisted of the Tokyo Stock Price Index (TOPIX), after adjusting for public float. The Index was developed with a base value of 1, 000 as of 1 April 1998 (closing price) to Index the subsequent movements of the market capitalization of the constituent stocks.

The market capitalization is adjusted for factors other than the market condition, such as issuance of new shares for sale, initial listing and delisting; in order to preclude influence from such factors and secure the continuity of the Index. The TOPIX Small Index is one of the capitalization-weighted equity idices developed as a result of segmentation of the TOPIX stocks by scale in accordance with certain criteria.

Copyright

The TOPIX Small Index Value and the TOPIX Small trademarks are intellectual property rights owned by the Tokyo Stock Exchange, Inc. All rights relating to the TOPIX Small, including calculation, publication and use of the TOPIX Small Index Value as well as those relating to the TOPIX Small trademarks belong to the Tokyo Stock Exchange.

The Tokyo Stock Exchange reserves the rights to change the methods of calculation or publication, to cease the calculation or publication of the TOPIX Small Index Value or to change the TOPIX Small trademarks or cease the use thereof.

The Tokyo Stock Exchange makes no warranty or representation as to the results derived from the use of the TOPIX Small trademarks.

The Tokyo Stock Exchange does not guarantee the accuracy or completeness of the TOPIX Small Index Value and data contained therein. Further, the Tokyo Stock Exchange shall not be liable for the miscalculation, incorrect publication, delayed or interrupted publication of the TOPIX Small Index Value.

There is a possibility that the net asset value of this Fund may substantially deviate from the TOPIX Small although the investment objective of this Fund is to seek investment results that generally correspond to the TOPIX Small Index Value.

This Fund is not in any way sponsored, endorsed or promoted by the Tokyo Stock Exchange.

The Tokyo Stock Exchange does not bear any obligation to give an explanation of this Fund or advice on investments to any purchaser of this Fund or to the public.

Including but not limited to the foregoing, the Tokyo Stock Exchange shall not be responsible for any damage resulting from the issue and sale of this Fund.