< Disclaimer for the English Overview of the Delivery Prospectus of
Listed Index Fund J-REIT (Tokyo Stock Exchange REIT Index)
Bi-Monthly Dividend Payment Type (mini) >This document provides an overview of the Japanese “Summary Prospectus”(the “Delivery Prospectus”) of Listed Index Fund J-REIT (Tokyo Stock Exchange
REIT Index) Bi-Monthly Dividend Payment Type (mini) (the “Fund”) in English.
The Japanese Delivery Prospectus is the offering document. This document inEnglish is not required by law or any regulation.
While every effort has been made to ensure the accuracy or completeness of thecontent of this document, Nikko Asset Management Co., Ltd. cannot guarantee
the accuracy or completeness as differences of interpretation may arise between
the English and Japanese languages. In the event of any inconsistency between
this document in English and the Japanese version, the Japanese version shallprevail, except to the extent prohibited by the applicable law of any jurisdiction
where the units of the Fund are sold. In addition, this document is not a translationof the entire Delivery Prospectus, but an English overview of the Delivery
Prospectus, which means that some of the information in the Delivery Prospectus
has been simplified, modified, or omitted.
Except as otherwise indicated herein, this material is based on the most recent
Japanese version of the Delivery Prospectus. In case of any update to or
modification of the Japanese version of the terms and conditions, there is no
guarantee that a corresponding update or modification will be made to this English
document.
This English overview of the Delivery Prospectus has been prepared by Nikko
Asset Management Co., Ltd. for English speaking investors for information
purposes. Investors should not subscribe for these securities solely relying on
this document, as this is not a full translation of the original Delivery Prospectus.
As this English document may differ from the Japanese Delivery Prospectus as
explained above, this document does not contain or constitute, and should not be
relied upon as an offer or invitation to make an offer for the purchase of thesesecurities (including units of the Fund) to any person or entity in any jurisdiction.
Neither this material nor any part hereof may be reproduced, transmitted,
reprinted, or redistributed without the prior written authorization of Nikko AssetManagement Co., Ltd.
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Explanatory Booklet on the Investment Trust(English Overview of the Delivery Prospectus)
September 7, 2024

Listed Index Fund J-REIT(Tokyo Stock Exchange REIT Index)
Bi-Monthly Dividend Payment Type (mini)
Nickname: JoJo J-REIT (mini)

Open-end Investment Trust, Domestic, REITs, ETF, Index Type
This document is not a translation of the entire Delivery Prospectus, but an English overview
of the Delivery Prospectus, which means that some of the information in the Delivery
Prospectus has been simplified, modified, or omitted.

●This prospectus is published pursuant to the provisions of Article 13 of the Financial Instruments andExchange Act (No. 25 of 1948).
Please read this document carefully before deciding to subscribe to units of the Fund.
●The prospectus for the Fund provided under Article 15, Paragraph 3 of the Financial Instruments andExchange Act (hereinafter referred to as the "Prospectus Issued upon Request") can be read or
downloaded from the website of the Management Company. You can also obtain a copy of theProspectus Issued upon Request from a Distributor. If you do so, please make a personal record tothat effect.
●This document includes the main contents outlined in the trust deeds. The complete text of the trust
deeds is provided in the Prospectus Issued upon Request.
●For information on the NAV or Distributors of the Fund, please contact the Management Company.
Management Company (the party issuing investment instructions for the Fund)
Nikko Asset Management Co., Ltd.
Registration Number: Director of the Kanto Local Financial Bureau (Financial instruments firms) No.
368
Website: www.nikkoam.com/+813-6447-6653 (9 a.m.-5 p.m., excluding Saturdays, Sundays and public holidays)
Trustee (the party responsible for custody and management of Fund assets)
Sumitomo Mitsui Trust Bank, Limited
Established and managed by

Nikko Asset Management Co., Ltd.
2 When a significant amendment is made to the content of the Fund, we will confirm theintention of investors (beneficiaries) in advance under the Act on Investment Trust andInvestment Corporations (No. 198 of 1951).
 The Fund assets are classified and managed by the Trustee under the Trust Act (No. 108
of 2006).
 In connection with the invitation for subscription to Listed Index Fund J-REIT (Tokyo Stock
Exchange REIT Index) Bi-Monthly Dividend Payment Type (mini), which is extended by
way of this prospectus, the Management Company filed a securities registration statementwith the Director-General of the Kanto Local Finance Bureau on September 6, 2024
pursuant to the provisions of Article 5 of the Financial Instruments and Exchange Act. The
filing became effective on the next business day after the filing date.

Product Classification
Unit Type/
Open-end
Investment
Trust

Open-end

Eligible
MarketDomestic

Eligible
Investments(Source ofIncome)

REITs

Independent
Segment

ETF

Segmentation by AttributeSupplementary
EligibleClassification Investments

Timing of
Accounting
PeriodOther
Assets(investment
trust
securities(REITs) )6 times yearly(bimonthly)Index type

GeographicalAreas ofInvestment

Japan

Investment
Style

Index
Followed

Family Fund

Other
(Tokyo Stock
Exchange REIT
Index)

Please refer to The Investment Trusts Association, Japan website for definitions of product classification and segmentation by
attribute at https://www.toushin.or.jp/.

Management Company Details

Name:
Date of establishment:
Capital:Nikko Asset Management Co., Ltd.
December 1, 1959
17,363.04 million yen

Total net asset value of investment trust assets under management: 31,336.7 billion yen(As of the end of June 2024)

3

Objective and Characteristics of the Fund
Objective of the Fund
The Fund invests primarily in Real Estate Investment Trust (REIT) securities through investment in
the mother fund, and structures its portfolio in accordance with the calculation method of the Tokyo
Stock Exchange REIT Index, and aims to closely link the NAV of the fund with the movement of theIndex.
*The Tokyo Stock Exchange (TSE) Real Estate Investment Trust (REIT) Index is a weighted
aggregate market price type index for all Real Estate Investment Trusts (J-REIT) listed on the Tokyo
Stock Exchange. The Index is calculated, with the base date set as March 31, 2003 (closing price).
It assumes the aggregate market price on that day to be 1,000, by creating an Index for aggregate
market price after the above base date.
If and when necessary, the aggregate market price is modified to avoid being affected by non-market
factors such as capital increase, new listings and delistings, etc., to ensure Index continuity.
Tokyo Stock
Exchange REIT
Index =

Total market value (yen) at computation time
Total market value (yen) as of the base time

×1,000

Copyright of the Tokyo Stock Exchange REIT Index
 The TSE REIT Index Value and the TSE REIT Index marks or trademarks are intellectual property rights
owned by JPX Market Innovation & Research, Inc. or its affiliates (hereinafter, “JPX”). All rights and know-how
relating to the TSE REIT Index, including calculation, publication and use of the TSE REIT Index Value as wellas those relating to the TSE REIT Index marks or trademarks belong to JPX.
 JPX reserves the rights to change the methods of calculation or publication, to cease the calculation or
publication of the TSE REIT Index Value or to change the TSE REIT Index marks or trademarks or cease theuse thereof.
 JPX makes no warranty or representation as to the results derived from the TSE REIT Index Value and theuse of the TSE REIT Index marks or trademarks, and as to the TSE REIT Index Value on any particular day.
 JPX does not guarantee the accuracy or completeness of the TSE REIT Index Value and data contained
therein. Further, JPX shall not be liable for the miscalculation, incorrect publication, delayed or interrupted
publication of the TSE REIT Index Value.
 This Fund is not in any way sponsored, endorsed or promoted by JPX.
 JPX does not bear any obligation to give an explanation of this Fund or advice on investments to any
purchaser of this Fund or to the public.
 JPX does not consider the needs of Nikko Asset Management or the Fund's purchasers in the component
stocks or calculation of the TSE REIT Index Values.
 Including but not limited to the foregoing, JPX shall not be responsible for any damage resulting from thecreation, sale and promotion of this Fund.

4

Characteristics of the Fundto achieve investment result that is linked to the movement of the Aim
Tokyo Stock Exchange REIT Index.
 The fund will invest mainly in Index Mother Fund J REIT, with the aim of matching
the rate of change in the amount of net assets per unit with the rate of change in
the TSE REIT Index.
* The above operation may not be possible due to market conditions and financial
trends.

are listed on Tokyo Stock Exchange and can be traded at any time Units
during trading hours.

Units may be traded in blocks of 1 unit (as of the date when the securities
registration statement was filed).


Brokers determine brokerage commissions.



The method of trading is generally the same as that for stocks.

* Please contact your broker for further information.
Fund Structure
The fund is managed on a family fund method where the investment is made through a mother fund.

*The benchmark of the Fund is the TSE REIT Index, and the benchmark for the main investment target"Index Mother Fund J-REIT" is the TSE REIT Index (including dividends).
The movement of the benchmarks of the two funds differ depending on the presence or absence ofdividends.

Investment Restrictions


There is no restriction on the investment ratio in stocks.
The actual investment ratio in foreign currency denominated assets shall be 10% or less of thetotal net assets.

5

Distribution PolicyAs a general rule, the full amount of dividends and other income arising from the trust assets is
distributed after deduction of expenses.

*There is no guarantee on the payment or the amount of dividend.

6Investment Risks
Please refer to "Matters to Consider" on our website below for the related risk.
https://en.nikkoam.com/etf/2552-jreitmini

Past Performance
Please refer to “Net Asset Value and Performance” on our website below for the past performance.
https://en.nikkoam.com/etf/2552-jreitmini7Procedures, Fees, and Other Items
 Subscription Memorandum
Subscription
Units

Units to be determined by the distributors starting at no less than 1,000*Please contact the distributor for information on subscription units.

Subscription
Price

The NAV as of the day on which the subscription is accepted.

Subscription
AmountPlease make the payment by the day designated by the distributor.

Redemption
Units

One unit starting at no less than 1,000 units.
*Units to be determined by the distributor*A beneficiary may ask a Distributor to buyback his or her Units in cases where
the total number of Units owned is less than the minimum-trading unit for the
Units established by the financial instruments exchanges. Please contact the
distributors for details.

Redemption
Price

The NAV as of the day which the redemption is accepted.

Redemption
Proceeds

As a rule, payment will be made from the fourth business day after andincluding the day on which a redemption request is made.

As a rule, applications for subscriptions and redemptions that are completed by
2:00 p.m. on the days distributors are open for business are deemed to havebeen accepted on that day. It must be pursuant to the procedures established
Business Hours by the distributor..
*From November 5, 2024, as a rule, applications for subscriptions andfor Subscription redemptions for which distributors have completed the prescribed procedure by
and Redemption 2:30 p.m. on the distributors’ business day will be deemed to have been
accepted on that day.
The handling may differ depending on distributors. Please contact them fordetails.

Subscription
PeriodFrom September 7, 2024 to March 7, 2025
*The subscription period can be renewed by filing another securities registration
statement prior to the expiration date shown above.
In principle, even on days when distributors are open, no subscription or

Non-acceptance redemption application shall be accepted if its subscription or redemption datefalls within the period of two business days, beginning two business days priorDays for
Subscription and to the accounting date (For a period of three business days, beginning threebusiness days prior to the accounting date when the accounting date falls on
Redemption
non-business day.). Please contact the distributors for details.

Restrictions on Based on the size of the Fund or the product characteristics, the subscription
Subscription and and redemption application time and amount may be restricted for large
number of units to avoid interference with investment management.
Redemption
Suspension orCancellation of
Subscription,
Redemption
Applications

The Management Company may suspend acceptance of applications forsubscription or requests for redemption, or cancel applications for subscription
or requests for a redemption that have already been accepted in the event thattrading on the financial instruments exchanges is suspended, trading of foreignexchange is suspended, settlement functions are halted, or any unavoidable
circumstances arise.

Trust Term

Unlimited (launch date: June 3, 2019)8

EarlyTermination

Early termination will be carried out in any of the following cases: If the units are delisted from all the financial instruments exchanges on which
they have been listed.
 If the TSE REIT Index is discontinued.
 If any amendment to the trust deed deemed necessary by the Management
Company or Trustee because of a change in the calculation method or similarof the TSE REIT Index is not accepted by a written resolution.
Early termination is possible in any of the following cases: If net assets of the Fund fall below 1.0 billion yen after June 9, 2022.
 If early termination is deemed advantageous for beneficiaries, or If any unavoidable circumstances arise.

Closing of
Account

On the 8th of February, April, June, August, October and December of eachyear.

IncomeDistribution

Dividends are paid six times a year in accordance with the following income
distribution policy:*In general, the Trustee will pay to beneficiaries their income distribution by wiretransfer on the day specified by the Management Company but within 40 daysof the end of each calculation period in the bank account designated inadvance by the beneficiary. When a beneficiary has signed a separate
agreement with his or her broker in connection with the treatment of income
distribution, payment will be made pursuant to the provisions of suchagreement.

Maximum
Amount of Trust
Money

Equivalent to 200 billion yen

PublicNotification

Public notifications are posted on the website of the Management Company.
URL: www.nikkoam.com/*In the event that a public notification cannot be posted online due to unavoidable
circumstances, this will be published in The Nikkei.

Investment
Reports

As defined in the Act on Investment Trust and Investment Corporations,investment reports are not prepared and published.

Tax Treatment

For tax purposes, the Fund is treated as an exchange-trade fund (ETF).
 Publicly-offered Equity Investment Trusts are eligible for the Nippon Individual
Savings Account (NISA) if they meet certain requirements under the tax law.
The Fund is eligible for the "Growth Quota (Specific Tax Exemption
Management Account)" under the NISA, but the handling may differ dependingon the distributor. Please contact your distributor for details.
 The dividends received deduction will not apply.
 The system excluding dividends from gross revenue will not apply.

9

There is additional information on this page that does not appear on the original Japanese
Delivery Prospectus.

 Fund Expenses and Taxes
Fund Expenses
Expenses to be borne directly by investors
Subscription
Fee

Independently set by Distributors* Please contact your Distributor for further information.
* Subscription Fee is compensation for explanation and information providing about
the Fund or investment environment, and is also including expense of clerical
processing of the subscription.

Redemption
Fee

Independently set by Distributors* Please contact your Distributor for further information.
* Redemption Fee is compensation for clerical processing of the redemption.

Amount to be
Retained in
Trust Assets

None.

Costs paid indirectly by the customer for the trust assets (paid from the fund)
TER(TotalExpenseRatio)

0.3096% (TER includes Trust Fee, management fee and other costs below)* This represents the actual TER for the period of June 9, 2023 – June 7, 2024.

No more than 0.2695%(0.245% excluding taxes) per annum of the daily total
NAV of the Fund
*Additionally, there are costs related to the management of the REITs, which is themain investment target of the Index Mother Fund J-REIT, in which the fund invests,
and as the target REIT issues are not fixed, the rate or maximum amount cannot
be shown.
 The investment management fee is daily recorded and paid out of the trust assets at
the end of each calculation period or at the time of termination of the Trust.

<Distribution of Investment Management Expenses(annual rate)>
Investment
Management
Expenses(Trust fee)

When above is 0.245% (excluding taxes), as of the date of filing of the
securities registration statement:
Investment Management Expenses(Trust fee)
=NAV of investment period X Trust fee rate
Total

Management
Company

Trustee0.245%

0.205%

0.04%

Management
Company

Compensation for investment management

Compensation for administration of assets
under management and execution of orders
from Management Company*Figures are excluding tax. Consumption tax will be added.
Trustee10Expenses(Expenses for
preparation ofprospectuses
and other
expenses)

No more than 0.1% per annum of the daily total NAV of the Fund
1. Expenses related to the preparation and distribution of suchprospectus, 2. Expenses related to the total management andoperations associated with this, 3. Expenses related to the creation of
the Financial Results (Including commission costs when outsourcing
tasks 1 to 3), 4. Audit costs, 5. Expenses related to fund listing. 6. The
license fee related to the “TSE REIT Index”, will be paid from the trust
assets at a time determined by the management company.
* Auditing fee is an expense paid to audit firm for auditing of the
Fund

Other
Expensesand Fees
Brokeragecommissions
and other
fees

Brokerage commissions on securities in the portfolio, expenses forcustody of assets in foreign countries, interest on advances, lending fee(in case security lending is conducted, the amount obtained by multiplying
a lending fee on securities lent by a figure which is profit for Trust Assets,
not exceeding 0.55 (0.5 excluding taxes) (0.5 excluding taxes as of thedate of the filing of the securities registration statement) and other feesare paid out of the trust assets each time they are incurred. These fees
are incorporated in the TER stated.
* The figures for items such as the rate and maximum amount cannot
be provided in advance as they fluctuate in line with investment
performance and other factors.

The total amount of expenses of the Fund to be borne by investors varies according to holding lengthand investment status, and thus cannot be shown.

11

Tax Treatment
Tax treatment for individual investors
1) Taxation upon sale of beneficiary units
 Gains on sale (capital gains) are deemed to be income from transfer and thus have to be filed
to declare for separate taxation at 20.315%. When a beneficiary has chosen a designatedaccount with tax withholding (an account with tax withholding at the taxpayer’s option), tax will
be withheld at source at 20.315%. (As a rule, tax filing is not necessary.)2) Taxation upon receipt of income distributions
 Income distributions are regarded as dividend income, and tax is withheld at source at
20.315%. (As a rule, tax filing is not necessary.) You can also file a tax return, and choose either
separated taxation, based on declaration, or consolidated taxation (under which the dividends
received deduction is available).
3) Tax on redemption and termination gain
 Gains on termination and redemption (capital gains) are deemed to be income from transfer
and thus have to be filed to declare for separate taxation at 20.315%. When a beneficiary has
chosen a designated account with tax withholding (an account with tax withholding at the
taxpayer's position), tax will be withheld at sources at 20.315%. (As a rule, tax filing is notnecessary.)- By filing a tax return, you can offset losses upon sale (capital losses) against capital gains fromlisted stocks, dividends etc. from listed stocks, and interest income from public and corporate
bonds and such like (as long as separated taxation has been chosen upon declaration). In
addition, gains on sale (capital gains), income distributions, and interest income from publicand corporate bonds etc. (if separated taxation has been chosen upon declaration) can beoffset against capital losses from listed stocks and such like.
- When investing through the Nippon Individual Savings Account (NISA), dividend income andtransfer income from newly purchased publicly offered equity investment trusts are exempt fromtaxation for an unlimited period up to a certain amount each year. The tax exemption is available
only to those who meet certain conditions, such as opening a tax-exempt account with a
distributor, and who purchase products that meet the requirements of the tax law. For details,
please contact the distributor.
- In cases of being applied to the foreign tax deduction, tax on distributions may differ from theaforementioned descriptions.
- The aforementioned descriptions do not apply to Japanese corporations.
- Above tax rates are as of the date when the securities registration statement was filed, so those
may change in the event that tax laws are revised. We recommend that investors consult a tax
or similar specialist for details of tax treatment.

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