Notice regarding the amendment to terms and conditions of the trust deed and trading units for the NEXT FUNDS NASDAQ-100(R) Exchange Traded Fund (1545)
Nomura Asset Management Co., Ltd. has announced an update to the terms and conditions of the trust deed and the trading units for the NEXT FUNDS NASDAQ-100(R) Exchange Traded Fund (1545) as follows:
- (1)Changes to the Subscription Price and the Amount to be Retained in Trust Assets (change to terms and conditions)
- Change to subscription price per unit at the time of creation:
The rate by which NAV per unit on the business day following the subscription date is multiplied will be lowered from 100.15% to 100.10%, - Amount to be retained in trust assets at time of redemption:
The rate by which NAV on the business day following the day of the redemption application is multiplied will be lowered from 0.15% to 0.10%.
- Change to subscription price per unit at the time of creation:
- (2)Change of creation units and redemption units of beneficial interests (change of appended table)
The unit of application for creation and redemption of beneficial interests will be changed from "50,000 units or more, available in multiple, indivisible units of 50,000 units each" to "20,000 units or more" respectively.
- *Changes in (1) and (2) above apply to creation or redemption applications on or after October 28, 2020.
- *The subscription price and the amount to be retained in the trust assets in (1) above and each application unit in (2) above are not applicable to trading on the Tokyo Stock Exchange.
- (3)The unit of trading on the Tokyo Stock Exchange will be changed from 10 units to 1 unit. The indication unit for NAV and principal unit will not be changed.
- *Change in (3) above will be effective from October 28, 2020.
Reason for change: The change is made in consideration of the convenience of investors and the status of investment management.