Nomura NEXT FUNDS Dow Jones Industrial Average ETF - JPY Stock

The Fund is an open-end type equity investment trust. Its benchmark is the Dow Jones Industrial AverageSM. The Fund aims to track the performance of the benchmark index converted into Japanese yen by investing all, or substantially all of its assets, in stocks that are included or are due to be included in the Dow Jones Industrial AverageSM. The Dow Jones Industrial AverageSM is a stock market index, comprising 30 of the US equity market's largest and most well known companies. The Index includes companies that are listed on the US stock exchanges and are selected from all sectors except Transportation and Utilities. The calculation of the index is based on price-weighted methodology whereby the sum of prices of all 30 stocks is divided by a divisor. The divisor is adjusted for changes in the composition of stocks, stock splits, or other changes, such that the continuity of the index can be maintained. The Dow Jones Industrial AverageSM has been calculated since May 26, 1896.