Terms and conditions of the NEXT FUNDS Dow Jones Industrial Average Exchange Traded Fund will be amended effective from December 27, 2016.

Nomura Asset Management Co., Ltd. has announced an update to the terms and conditions of the NEXT FUNDS Dow Jones Industrial Average Exchange Traded Fund as follows.

1. 1.Subscription Price:
   <Previous> The amount of the NAV, as of the next business day after the subscription application day, multiplied by 100.30%.
   <New> The amount of the NAV, as of the next business day after the subscription application day, multiplied by 100.15%.
2. 2.Liquidation Price:
   <Previous> The amount subtracted from the NAV, as of the next business day after the redemption application day, multiplied by 0.3% as the amount to be retained in trust assets
   <New> The amount subtracted from the NAV, as of the next business day after the redemption application day, multiplied by 0.15%.