Notice regarding the reduction in management fees for NEXT FUNDS NASDAQ-100(R) Exchange Traded Fund (Code:1545) and NEXT FUNDS Dow Jones Industrial Average Exchange Traded Fund (Code:1546)
Nomura Asset Management Co., Ltd. hereby announces that we have decided to amend the basic terms and conditions of the trust deed of the following ETFs.
[Target ETFs]
NEXT FUNDS NASDAQ-100(R) Exchange Traded Fund (Code:1545)
NEXT FUNDS Dow Jones Industrial Average Exchange Traded Fund (Code:1546)
[Details and reasons for the changes]
In order to improve convenience for beneficiaries, the upper limit of the trust fee rates (excluding tax) will be lowered as follows:
| After amendment | Before amendment | |
|---|---|---|
| NASDAQ-100(R) Exchange Traded Fund (1545) | 0.2%/year | 0.45%/year |
| Dow Jones Industrial Average Exchange Traded Fund (1546) | 0.3%/year | 0.45%/year |
[Written resolution and procedures for amendments of terms and conditions]
Since this amendment does not constitute a significant change to the terms of the agreement, a vote on a written resolution will not be held.
[Schedule for the amendments]
October 26, 2021: Notification date for the amendments above
October 27, 2021: Effective date of the amendments above