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Notice regarding amendments to the terms and conditions of the trust deed for NEXT FUNDS JPX-Nikkei 400 Leveraged Index Exchange Traded Fund (1470) and NEXT FUNDS JPX-Nikkei 400 Inverse Index Exchange Traded Fund (1471)

Nomura Asset Management would like to announce certain amendments to the terms and conditions of the trust deed for the NEXT FUNDS JPX-Nikkei 400 Leveraged Index Exchange Traded Fund (1470) and the NEXT FUNDS JPX-Nikkei 400 Inverse Index Exchange Traded Fund (1471) effective from April 23, 2021 as follows.

  1. (1)Number of units for creations and partial redemptions

    NEXT FUNDS JPX-Nikkei 400 Leveraged Index Exchange Traded Fund (1470)

    After the amendmentBefore the amendment
    More than 500 unitsMore than 20,000 units and integer multiples of 20,000 units

    NEXT FUNDS JPX-Nikkei 400 Inverse Index Exchange Traded Fund (1471)

    After the amendmentBefore the amendment
    More than 5,000 unitsMore than 20,000 units and integer multiples of 20,000 units
    • *Please note that the amendments above will apply to applications for creations and redemptions on or after April 23, 2021.
    • *Please note that the application units mentioned above will not apply to the trading units on the Tokyo Stock Exchange.
  2. (2)Amendment in unit number for the early redemption of the NEXT FUNDS JPX-Nikkei 400 Leveraged Index Exchange Traded Fund (1470)
    After the amendmentBefore the amendment
    20,000 units50,000 units
  3. (3)Reason for the amendments

    The amendments outlined above are being made for the purpose of improving convenience for investors and enhancing the liquidity of the ETFs.