Amendments to the terms and conditions of the trust deeds for the NEXT FUNDS according to the shortening of the settlement cycle from T+3 to T+2

Nomura Asset Management Co., Ltd. has determined the following amendments to the terms and conditions of the trust deeds for the NEXT FUNDS listed below. These changes will take effect from July. Because the settlement cycle for stocks and other securities will change from T+3 to T+2, we have included the following amendments for the convenience of current and prospective investors.

  • Conditions for days when there is a suspension of the acceptance of creations and redemptions will be amended.
  • The term for settlement of redemptions will be shortened by 1 (one) business day.
  • The deadline for application for creations and redemptions will be moved to a later time in the day.
  • The conditions for terminating trusts will be amended.

For further details of specific amendments, please refer to the respective upcoming prospectuses for the relevant NEXT FUNDS.

The 37 NEXT FUNDS for which terms and conditions will be amended on July 16, 2019

  1. 1.(1306) TOPIX Exchange Traded Fund
  2. 2.(1311) TOPIX Core 30 Exchange Traded Fund
  3. 3.(1312) Russell/Nomura Small Cap Core Index Linked Exchange Traded Fund
  4. 4.(1319) Nikkei 300 Index Exchange Traded Fund
  5. 5.(1321) Nikkei 225 Exchange Traded Fund
  6. 6.(1343) NEXT FUNDS Tokyo Stock Exchange REIT Index Exchange Traded Fund
  7. 7.(1357) NEXT FUNDS Nikkei 225 Double Inverse Index Exchange Traded Fund
  8. 8.(1470) NEXT FUNDS JPX-Nikkei 400 Leveraged Index Exchange Traded Fund
  9. 9.(1471) NEXT FUNDS JPX-Nikkei 400 Inverse Index Exchange Traded Fund
  10. 10.(1472) NEXT FUNDS JPX-Nikkei 400 Double Inverse Index Exchange Traded Fund
  11. 11.(1480) NEXT FUNDS Nomura Enterprise Value Allocation Index Exchange Traded Fund
  12. 12.(1489) NEXT FUNDS Nikkei 225 High Dividend Yield Stock 50 Index Exchange Traded Fund
  13. 13.(1570) NEXT FUNDS Nikkei 225 Leveraged Index Exchange Traded Fund
  14. 14.(1571) NEXT FUNDS Nikkei 225 Inverse Index Exchange Traded Fund
  15. 15.(1577) NEXT FUNDS Nomura Japan Equity High Dividend 70 Exchange Traded Fund
  16. 16.(1591) NEXT FUNDS JPX-Nikkei Index 400 Exchange Traded Fund
  17. 17.(1598) NEXT FUNDS Russell/Nomura Fundamental Index Exchange Traded Fund
  18. 18.(1613) TOPIX Electric Appliances Exchange Traded Fund
  19. 19.(1615) TOPIX Banks Exchange Traded Fund
  20. 20.(1617) NEXT FUNDS TOPIX-17 FOODS ETF
  21. 21.(1618) NEXT FUNDS TOPIX-17 ENERGY RESOURCES ETF
  22. 22.(1619) NEXT FUNDS TOPIX-17 CONSTRUCTION & MATERIALS ETF
  23. 23.(1620) NEXT FUNDS TOPIX-17 RAW MATERIALS & CHEMICALS ETF
  24. 24.(1621) NEXT FUNDS TOPIX-17 PHARMACEUTICAL ETF
  25. 25.(1622) NEXT FUNDS TOPIX-17 AUTOMOBILES & TRANSPORTATION EQUIPMENT ETF
  26. 26.(1623) NEXT FUNDS TOPIX-17 STEEL & NONFERROUS METALS ETF
  27. 27.(1624) NEXT FUNDS TOPIX-17 MACHINERY ETF
  28. 28.(1625) NEXT FUNDS TOPIX-17 ELECTRIC APPLIANCES & PRECISION INSTRUMENTS ETF
  29. 29.(1626) NEXT FUNDS TOPIX-17 IT & SERVICES, OTHERS ETF
  30. 30.(1627) NEXT FUNDS TOPIX-17 ELECTRIC POWER & GAS ETF
  31. 31.(1628) NEXT FUNDS TOPIX-17 TRANSPORTATION & LOGISTICS ETF
  32. 32.(1629) NEXT FUNDS TOPIX-17 COMMERCIAL & WHOLESALE TRADE ETF
  33. 33.(1630) NEXT FUNDS TOPIX-17 RETAIL TRADE ETF
  34. 34.(1631) NEXT FUNDS TOPIX-17 BANKS ETF
  35. 35.(1632) NEXT FUNDS TOPIX-17 FINANCIALS (EX BANKS) ETF
  36. 36.(1633) NEXT FUNDS TOPIX-17 REAL ESTATE ETF
  37. 37.(2529) NEXT FUNDS Nomura Shareholder Yield 70 Exchange Traded Fund

NEXT FUNDS for which terms and conditions will be amended on July 17, 2019

  1. 38.(2518) NEXT FUNDS MSCI Japan Empowering Women Select Index Exchange Traded Fund