Nomura Asset Management will reduce the annual management fee for the NEXT FUNDS Tokyo Stock Exchange REIT Index Exchange Traded Fund (1343) from 0.32% (exclusive of taxes) to 0.155% (exclusive of taxes) effective from February 13, 2020.

Nomura Asset Management will amend the Appendix Table for the terms and conditions of the Trust Deed for the NEXT FUNDS Tokyo Stock Exchange REIT Index Exchange Traded Fund (Code: 1343). The annual management fee of the aforementioned ETF shall be reduced from 0.32% (exclusive of taxes) to 0.155% (exclusive of taxes) effective from February 13, 2020 for the convenience of the fund's beneficiaries.