You must read the following information before proceeding. When you have read the information set out below, please click on the "I confirm that I have read and understand the above information" link at the bottom of the page to acknowledge that you have read the information and to continue.

This website is directed only at residents of Japan and the information provided is not for distribution outside Japan. Shares of the NEXT FUNDS are not offered for sale or distribution outside of Japan.

Not all securities, products or services described in the website are available everywhere. The information contained in this website is for information purposes only and does not constitute a distribution, an offer to sell or the solicitation of an offer to buy any securities or provide any services in any jurisdiction in which such distribution or offer is not authorized. Although the information provided on this site is obtained or compiled from sources that Nomura Asset Management Co., Ltd. believes to be reliable, Nomura Asset Management Co., Ltd. cannot and does not guarantee the accuracy, certainty or completeness of the information and materials contained in this website.

The information on this website is for reference purposes only and does not constitute an offer to sell or the solicitation of an offer to buy securities by Nomura Asset Management Co., Ltd. to any person in Japan.

Furthermore, the information on this website is not made or directed to any person in the United Kingdom and under no circumstance shall the provision of the information on this website be deemed to constitute an offer of securities or an offer to provide any services to any person in the United Kingdom.

Furthermore, the information on this website is not made or directed to any person in the United States or to any U.S. Person. Under no circumstances shall the provision of the information on this website be deemed to constitute an offer of securities or an offer to provide any services to any person in the United States or to any U.S. Person as defined under the Securities Act of 1933, as amended. Residents of the United States are specifically prohibited from investing in the NEXT FUNDS and no person may offer investment in these funds to residents of the United States.

Click the above link to continue

Regarding TOPIX Electric Appliances Exchange Traded Fund (Code:1613), it has been selected to take a procedure of challenge against termination of trust (early termination) and amendment to the basic terms and conditions of the investment trust.

<Details of Early Termination and Amendment to the Basic Terms and Conditions of the Investment Trust of the Fund>
  • (i)Amend the trust term to expire on June 16, 2020 and carry out early termination on the same day as the trust termination date.
    In case of carrying out early termination, trading on Tokyo Stock Exchange will be available until June 12, 2020.
  • (ii)Amend to allow for early termination by cash payment.
<Reason for Early Termination and Amendment to the Basic Terms and Conditions of the Investment Trust of the Fund>
  • (i)The inception date of the Fund is April, 2002, and it has been in operation for approximately 18 years. However, the asset under management has not increased, and for more than 10 years the number of units of the beneficial interest has remained below the 2,000,000 units threshold, which is one of the conditions allowing for the trust contract to be canceled and the trust may be terminated. We will carry out the early termination because we determined the asset under management will not increase.
  • (ii)In order to facilitate early termination, we will make necessary amendment to the basic terms and conditions of the investment trust of the Fund.

If termination of trust (early termination) is selected, the Fund will make necessary amendment to the basic terms and conditions of the investment trust of the Fund on June 15, 2020, and carry out early termination on June 16, 2020.

If termination of trust (early termination) is not selected, the Fund will not make necessary amendment to the basic terms and conditions of the investment trust of the Fund nor carry out early termination.

In addition, a beneficial interest acquired by the application on or after February 25, 2020, does not include the right to challenge early termination or amendment to the basic terms and conditions of the investment trust of the Fund.

As a result of the procedure referred to above, if termination of trust (early termination) is carried out on June 16, 2020, we will stop accepting subscription applications on May 15, 2020.

Nomura Asset Management Co., Ltd.