# Objectives and investment policy
The Fund is an index-tracking UCITS passively managed.
The investment objective of the Fund is to track both the upward and downward evolution of the “JPX-Nikkei 400 Net Total Return (net dividends reinvested) (the “Benchmark Index”) denominated in JPY, representative of the performance of 400 companies listed on Tokyo Stock Exchange , with a high appeal to investors and meeting special requirements in terms of efficient use of capital while minimizing the volatility of the difference between the return of the Fund and the return of the Benchmark Index (the “Tracking Error”).
The anticipated level of Tracking error in normal market conditions is indicated in the prospectus. Additional information about the Benchmark Index can be found at http://www.jpx.co.jp/
The Benchmark Index is a net total return index. A net total return index calculates the performance of the index constituents on the basis that any dividends or distributions are included in the index returns after withholding tax retention.
The Fund seeks to achieve its objective via a direct replication, by investing primarily in the securities comprising the Benchmark Index.
To optimize the Benchmark Index replication, the Fund may use a sampling replication strategy, and may also engaged in secured securities lending. The potential use of these techniques is published on Lyxor’s website: www.lyxoretf.com.
Updated composition of the Fund holdings is available on www.lyxoretf.com.
In addition, the indicative net asset value is published on the Reuters and Bloomberg pages of the Fund, and might also be mentioned on the websites of the stock exchanges where the Fund is listed.
In order to hedge EUR currency risk, the Fund uses a Daily hedging strategy which aims at reducing the impact of a change in the Fund currency against the currency of the Benchmark Index constituents.
The share currency is the Euro (EUR).
Invested financial instruments: International equities, FDI.
Dividend policy: the Fund's amounts available for distribution (if any) shall not be distributed to Shareholders, but reinvested.
Net Asset Value: is calculated daily provided that the relevant stock exchanges are open for trading and orders can be covered.
Redemptions: investors are able to redeem their shares on the primary market every valuation day before 18:30 Europe/Luxembourg and sell their shares on the secondary market at any time during trading hours on the Fund listing places.

Translation (ENDE, 2020-02-14):
# Anlageziele und -politik
The Fund is an index-tracking UCITS passively managed.
The investment objective of the Fund is to track both the upward and downward evolution of the “JPX-Nikkei 400 Net Total Return (net dividends reinvested) (the “Benchmark Index”) denominated in JPY, representative of the performance of 400 companies listed on Tokyo Stock Exchange , with a high appeal to investors and meeting special requirements in terms of efficient use of capital while minimizing the volatility of the difference between the return of the Fund and the return of the Benchmark Index (the “Tracking Error”).
The anticipated level of Tracking error in normal market conditions is indicated in the prospectus. Additional information about the Benchmark Index can be found at http://www.jpx.co.jp/
The Benchmark Index is a net total return index. A net total return index calculates the performance of the index constituents on the basis that any dividends or distributions are included in the index returns after withholding tax retention.
The Fund seeks to achieve its objective via a direct replication, by investing primarily in the securities comprising the Benchmark Index.
To optimize the Benchmark Index replication, the Fund may use a sampling replication strategy, and may also engaged in secured securities lending. The potential use of these techniques is published on Lyxor’s website: www.lyxoretf.com.
Updated composition of the Fund holdings is available on www.lyxoretf.com.
In addition, the indicative net asset value is published on the Reuters and Bloomberg pages of the Fund, and might also be mentioned on the websites of the stock exchanges where the Fund is listed.
In order to hedge EUR currency risk, the Fund uses a Daily hedging strategy which aims at reducing the impact of a change in the Fund currency against the currency of the Benchmark Index constituents.
Die Anteilswährung ist der Euro (EUR).
Investierte Finanzinstrumente: Internationale Aktien, derivative Finanzinstrumente.
Dividendenpolitik: Die (etwaigen) ausschüttbaren Erträge des Fonds werden nicht an die Anteilsinhaber ausgeschüttet, sondern wieder angelegt.
Nettoinventarwert: wird täglich berechnet, insofern es sich um einen Geschäftstag an den Börsen handelt und die Anträge ausgeführt werden können.
Rücknahmen: Anleger haben die Möglichkeit, an jedem Börsentag vor 18.30 Uhr in Europa/Luxemburg bzw. jederzeit während der Handelszeiten auf den Handelsplätzen des Fonds Rücknahmeanträge für ihre Anteile auf dem Primärmarkt zu stellen.