This fund seeks to achieve net asset volatility per unit of trust assets which closely correlates with the movement of the yen-converted MSCI EMERGING Market Index by mainly investing in some or all of the separately specified investment trust securities.

This Fund is a contract-type investment trust, but adopts systems different from those for regular types of investment trust in the following points:

• Rights are traded in the minimum unit of ten (as of the day when the security registration statement is submitted)
• The amount of brokerage commission is determined by companies that handle the rights.
• In principle, the beneficiary rights are traded in the same way as equity. For details, please ask one of the companies that handle the rights.

Structure of the “Fund of Funds”

This fund is a Fund of Funds in which Nikko AM invests in investment trust securities.

International Emerging Countries Equity Index Fund (for qualified institutional investors)

• The Fund seeks to achieve investment results that correlate to the movement of the yen-converted MSCI EMERGING Market Index by investing mainly in emerging countries' equities (including DR (depositary receipts), country funds, etc.) and rights for stock price index futures trading.

Money /Account/Mother Fund:

• This Fund seeks to ensure stable returns through stable investment in public and corporate bonds.

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, etc., commercial paper and designated money trust.
• There is no restriction on the investment ratio for assets denominated in foreign currencies.

List of information available on the Listed Index Fund International Emerging Countries Equity (MSCI EMERGING)

Listed below are all websites where investors can obtain information on the Listed Index Fund International Emerging Countries Equity (MSCI EMERGING). Click the URL of the website you want to visit.

Tokyo Stock Exchange’s official Japanese-language website

• Price of the Listed Index Fund International Emerging Countries Equity (MSCI EMERGING)
  List of exchange-traded funds (ETF) listed on the Tokyo Stock Exchange
  * Click the fund name “Listed Index Fund International Emerging Countries Equity (MSCI EMERGING) in the list when you search it.

MSCI’s website

• MSCI Index Calculation Methodologies
• MSCI Global Investable Markets Indices Methodology

as of the end of May 2010

MSCI Emerging Markets Index Data

• MSCI Index Performance
  
  After clicking the above link, please choose the following criteria.
  Market : Emerging Markets (EM)
  Currency : USD
  Index Level : Price
  Size : Standard
  Style : Core

ETF Square

ETF Square, the Tokyo Stock Exchange’s ETF site, provides a full array of content such as the introduction of listed funds and Q&A for investors.