Notice regarding suspending distribution service for holdings of Crude Oil Futures contracts for the NEXT FUNDS NOMURA Crude Oil Long Index Linked Exchange Traded Fund (1699)
We would like to inform you that we plan to suspend distribution of daily futures holdings of the NEXT FUNDS NOMURA Crude Oil Long Index Linked Exchange Traded Fund (1699) at the end of 2020.
Following the sharp decline in WTI futures on April 20, 2020, the ETF incorporated futures contracts with different delivery months from those of the index, and conducted investments with an emphasis on the preservation of trust assets. As a result of these investments, there has been a continuing tendency for the ETF to deviate from the index which the ETF tracks, and we have disclosed our daily futures holdings.
On November 30, the calculation rules for the aforementioned index were changed and since then, the NAV of the ETF has been fluctuating almost in accordance with the calculation rules. Therefore, we did not think we need to continue this distribution service. We would appreciate your understanding.