Nomura NEXT FUNDS International Equity MSCI-KOKUSAI (Unhedged) ETF - JPY Stock

The Fund aims at investment performance linked to the MSCI- KOKUSAI Index converted into Japanese Yen, which means NAV volatility is to correspond with that of the Object Stock Index. The MSCI-KOKUSAI Index is a market capitalization-weighted stock price index (inclusive of dividends) developed by MSCI, which is based on floating stocks of the developed countries in the world, excluding Japan. In principle, the Object Stock Index in dollar is converted into Japanese yen by the Management Company using the average price of the telegraphic transfer customer rates of the next business day of the Object Stock Index calculation date.