In the management of this Fund, Nikko AM aims to reconcile the rate of fluctuation for the net value per unit of trust assets with the rate of fluctuation for the MSCI Japan index, and will target the stocks and REITs that constitute the index.

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

• The trading amount is 10 units. (as of the day when the security registration is submitted)
• The amount of brokerage commission is determined by companies that handle the rights.
• In principle, the beneficiary rights are traded in the way as equity. For details, please contact one of the companies that handle the rights.

Major Investment Restrictions

• There is no restriction as to the investment ratio in stocks.
• The Fund may invest, in principle, in shares of the component stocks of MSCI Japan Index. However, this does not apply to shares that are acquired through shareholder allotments.
• The Fund may invest, in principle, in the REITs of the component of MSCI Japan Index. However, this does not apply to shares that are acquired through shareholder allotments.
• The Fund does not invest in assets denominated in foreign currencies.

Further Information on the Listed Index Fund Japan Equity (MSCI Japan)

Further information is available from the following sources:

Tokyo Stock Exchange’s official Japanese-language website

• Price of the Listed Index Fund Japan Equity (MSCI Japan)
  List of ETFs listed on the Tokyo Stock Exchange
  * To conduct a search, click the fund name “Listed Index Fund Japan Equity (MSCI Japan)” in the list.

MSCI’s website

• Information on the MSCI Japan index can be obtained at this website. MSCI Japan index
  MSCI Index Calculation Methodologies[PDF]
  MSCI Global Investable Market Indices Methodology[PDF]

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.