YOUR GOALS,OUR COMMITMENT.

NikkoAM-StraitsTrading Asia ex Japan ETF
July 2024 Factsheet

Fund Details

Investment Objective
The investment objective of the Fund is to replicate as closely as possible, before
expenses, the performance of the FTSE EPRA Nareit Asia ex Japan REITS 10%
Capped Index ("Index"), or upon the Manager giving three (3) months’ priorwritten notice to the Trustee and the Holders, such other index that gives, in theopinion of the Manager, the same or substantially similar exposure as the Index.

Performance (%)
3M

6M

1Y

3Y

5Y

Since
Inception

NAV-NAV

3.06

-2.28

-5.38

-7.35

-4.66

1.22

Benchmark^

3.04

-2.09

-4.90

-6.79

-3.95

1.93

Share Class
SGD

Rolling Returns (%)
31/07/2023 31/07/2022 31/07/2021 31/07/2020 31/07/2019
31/07/2024 31/07/2023 31/07/2022 31/07/2021 31/07/2020

NAV-NAV

-5.38-11.82

-4.68

8.28

-8.54

Benchmark^ -4.90-11.55

-3.72

9.63

-7.91

SGD

Source: Nikko Asset Management Asia Limited as of 31 July 2024.
Returns are calculated on a NAV-NAV basis and assuming all dividends anddistributions are reinvested, if any. Returns for period in excess of 1 year are
annualised. Past performance is not indicative of future performance.

Base Currency

SGD

Fund Size

SGD 316.78 million

Total Units

408,861,000

Initial Sales
ChargeNil

Realisation
ChargeNil

ManagementFee

0.50% p.a.

Trustee Fee

Up to 0.04% p.a.

Benchmark^FTSE EPRA Nareit
Asia ex Japan REITS
10% Capped Index

Valuation
Frequency

Daily

Price Quote

www.nikkoam.com.sg/etf/asia-exjapan-reit
Quarterly

Distribution
Frequency1
Financial YearEnd

30-JunMarketProfessionals

In-kindsubscription/
redemption isavailable
HSBC Institutional
Trust Services(Singapore)
LimitedSingapore
Exchange
Securities Trading
LimitedMinimum 1 unit via
SGX-ST (Cash) or
minimum 50,000
units via
participating
dealers (usual fees
and charges apply)

Trustee^ Benchmark returns are calculated on a net total return basis.
1 Distributions are not guaranteed and are at the absolute discretion of theManager. Any distribution is expected to result in an immediate reduction ofFund’s NAV. Distributions may be paid out of capital which will result in capitalerosion and reduction in the Fund’s NAV, which will be reflected in theredemption price of the Units.

Stock
Exchange
Subscription
andRedemption

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NIKKOAM-STRAITSTRADING ASIA EX JAPAN REIT ETF

Fund Holdings
Top 10 Holdings
CAPITALAND INTEGRATED COMMERCIAL TRUSTCAPITALAND ASCENDAS REIT
LINK REAL ESTATE INVESTMENT TRUSTEMBASSY OFFICE PARKS REIT
MAPLETREE INDUSTRIAL TRUST
MAPLETREE LOGISTICS TRUST
MAPLETREE PAN ASIA COMMERCIAL TRUSTFRASERS LOGISTICS & COMMERCIAL TRUSTKEPPEL DC REITSUNTEC REAL ESTATE INVESTMENT TRUST

Weight
10.3%
10.2%
9.6%
6.6%
5.9%
5.6%
3.8%
3.7%
3.4%
3.3%

Sector Allocation
Retail REITs

36.7%

Industrial REITs

29.4%

Office REITs

13.9%

Diversified REITs

8.1%

Hotel & Resort REITs

4.8%

Data Center REITs

4.2%

Others2.2%

Cash and/or Derivatives

0.6%
0%

50%

100%

Cash in allocation charts includes cash equivalents.
Percentages of allocation may not add to 100% due to rounding error.

Fund Characteristics
3-Years Annualised Tracking
Error0.24 %

Fund Information
Share Class
Primary
Currency: S$
SecondaryCurrency: US$

Listing Date

NAV

ISIN

29 March 2017

SGD 0.7748 SG1DE9000003

29 March 2017

USD -

-

Bloomberg Ticker Trading Name
NikkoAM-STC
AXJREIT SP
Asia REIT
NikkoAM-STC
A_REIT US$

SGX Stock Code
CFA
COI

Source: Nikko Asset Management Asia Limited as of 31 July 2024.

YOUR GOALS, OUR COMMITMENT.

2NIKKOAM-STRAITSTRADING ASIA EX JAPAN REIT ETF^ With effect from 20 July 2020, the name of the Index (which is the current benchmark for the Fund) has been changed from“FTSE EPRA Nareit Asia ex Japan REIT Index” to “FTSE EPRA Nareit Asia ex Japan REITS 10% Capped Index”.

Important Information
The performance of the ETF’s price on the Singapore Exchange Securities Trading Limited (“SGX-ST”) may be different from thenet asset value per unit of the ETF. The ETF may also be delisted from the SGX-ST. Transaction in units of the ETF will result inbrokerage commissions. Listing of the units does not guarantee a liquid market for the units. Units of the ETF may be bought orsold throughout trading hours of the SGX-ST through any brokerage account. Investors should note that the ETF differs from atypical unit trust and units may only be created or redeemed directly by a participating dealer in large creation or redemption
units. Investors may only redeem the units with Nikko AM Asia under certain specified conditions.
This document constitutes a financial promotion for the purposes of the Financial Services and Markets Act 2000 (as amended)(FSMA) and the rules of the Financial Conduct Authority (the FCA) in the United Kingdom (the FCA Rules). This document iscommunicated by Nikko Asset Management Europe Ltd (Nikko AME), which is authorised and regulated in the United Kingdom
by the FCA. It is directed only at (a) investment professionals falling within article 19 of the Financial Services and Markets Act
2000 (Financial Promotions) Order 2005, (as amended) (the Order) (b) certain high net worth entities within the meaning of article
49 of the Order and (c) persons to whom this document may otherwise lawfully be communicated (all such persons beingreferred to as relevant persons) and is only available to such persons and any investment activity to which it relates will only beengaged in with such persons. Any person in receipt of this document who is not a relevant person should not retain, rely or act
upon this document, and should promptly return this document to Nikko AME at the address indicated below. This document isfor distribution only under such circumstances as may be permitted by applicable law. This document does not constituteinvestment advice or a personal recommendation and it does not consider in any way the suitability or appropriateness of thesubject matter for the individual circumstances of any recipient. In providing a person with this document, Nikko AME is nottreating that person as a client for the purposes of the FCA Rules other than those relating to financial promotion and that person
will not therefore benefit from any protections that would be available to such clients. This document is for information purposes
only and is not intended to be an offer, or a solicitation of an offer, to buy or sell any investments. The information and opinions inthis document have been derived from or reached from sources believed in good faith to be reliable but have not been
independently verified. Nikko AME makes no guarantee, representation or warranty, express or implied, and accepts no
responsibility or liability for the accuracy or completeness, of this document. No reliance should be placed on any assumptions,forecasts, projections, estimates or prospects contained within this document. This document should not be regarded byrecipients as a substitute for the exercise of their own judgement. Opinions stated in this document may change without notice.
Nikko AME and its associates and/or its or their officers, directors or employees may have or have had positions or materialinterests, may at any time make purchases and/or sales as principal or agent, may provide or have provided corporate financeservices to issuers or may provide or have provided significant advice or investment services in any investments referred to in thisdocument or in related investments. Relevant confidential information, if any, known within any company in the Nikko AM groupor Sumitomo Mitsui Trust Bank group and not available to Nikko AME because of regulations or internal procedure is notreflected in this document. The investments mentioned in this document may not be eligible for sale in some states or countries,
and they may not be suitable for all types of investors. Past performance is no guide to future returns and the value ofinvestments can fall as well as rise. Nikko AME accepts no liability whatsoever for any loss or damage of any kind arising out of theuse of all or any part of this document, provided that nothing herein excludes or restricts any liability of Nikko AME under FSMA
or the FCA Rules
Nikko Asset Management Asia Limited which is incorporated in Singapore is the non-EU alternative investment fund manager(AIFM) of the NikkoAM-StraitsTrading Asia ex Japan REIT ETF for purposes of the EU Alternative Investment Fund Managers
Directive (AIFMD). Disclosures to investors required under Article 23 of the AIFMD are available from Nikko AME in London, UK
which acts as Nikko Asset Management Co, Ltd.’s agent in the UK in relation to the marketing of this fund.
Notice to investors in the UK
The Fund promoted herein is a Unit Trust ETF domiciled in Singapore where it is managed by Nikko Asset Management Asia
Limited. The Fund is not a recognised collective investment scheme for the purposes of the Financial Services and Markets Act
2000 of the United Kingdom (the “Act”). The promotion of the Fund and the distribution of this material in the United Kingdom is
accordingly restricted by law. This material is being issued inside the United Kingdom by Nikko AME only to and/or is directed
only at persons who are professional clients or eligible counterparties for the purposes of the FCA’s Conduct of Business
Sourcebook. This material is exempt from the scheme promotion restriction (in Section 238 of the Act) on the communication ofinvitations or inducements to participate in unrecognised collective investment schemes on the grounds that it is being issued toand/or directed at only the types of person referred to above. To the extent that this material is issued by Nikko AME the Shares
are only available to such persons and this material must not be relied or acted upon by any other persons. This document may
not be distributed without authorisation from Nikko AME.
The units of NikkoAM-StraitsTrading Asia ex Japan REIT ETF are not in any way sponsored, endorsed, sold or promoted by FTSE
International Limited ("FTSE''), by the London Stock Exchange Group companies ("LSEG''), Euronext N.V. ("Euronext"), European

YOUR GOALS, OUR COMMITMENT.

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NIKKOAM-STRAITSTRADING ASIA EX JAPAN REIT ETF

Public Real Estate Association ("EPRA"), or the National Association of Real Estate Investment Trusts ("NAREIT") (together the"Licensor Parties") and none of the Licensor Parties make any warranty or representation whatsoever, expressly or impliedly,
either as to the results to be obtained from the use of the FTSE EPRA/NAREIT Asia ex Japan Net Total Return REIT Index (the"Index") and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index iscompiled and calculated by FTSE. However, none of the Licensor Parties shall be liable (whether in negligence or otherwise) toany person for any error in the Index and none of the Licensor Parties shall be under any obligation to advise any person of any
error therein.
"FTSE®" is a trade mark of LSEG, "NAREIT®" is a trade mark of the National Association of Real Estate Investment Trusts and"EPRA®" is a trade mark of EPRA and all are used by FTSE under licence."
Key Risks
You should be aware that the price of Units can go down as well as up. The value of the Fund and its distributions (if any) may
rise or fall. The following are key risk factors that may cause you to lose some or all of your investment:
Market and Credit Risks• Units may trade at prices other than NAV
o The secondary market price of Units may sometimes trade above or below the NAV per Unit.
This deviation is dependent on various factors but will be accentuated when there is a large imbalance between
market supply and demand for Units on the SGX-ST. There is a risk that you may not be able to buy or sell ata price close to the NAV per Unit.
• You are exposed to market risko The price of securities comprised in the portfolio of the Fund and the Units, and the income from them, may be
influenced by political and economic conditions, changes in interest rates, the earnings of the REITs whose
securities are comprised in the portfolio and the market’s perception of the securities.
Liquidity Risks• You are exposed to liquidity risko The extent of market liquidity is dependent on the size and state of the markets and therefore affects the Fund’sability to acquire or dispose of assets at the price and time it so desires.
• You should be aware there is a minimum creation and redemption sizeo Units will only be issued or redeemed in-kind by or through Participating Dealers in Creation Unit or Redemption
Unit aggregations (currently 500,000 Units, and multiples thereof). Units will only be issued and redeemed in
cash by or through Participating Dealers at a minimum of 50,000 Units.
o If you do not hold Redemption Unit aggregations or at least the minimum redemption number of Units(i.e. 50,000 Units), you will only be able to realise the value of your Units by selling your Units on the SGX-ST
at the prevailing trading price of the Units.
o However, do note that the Participating Dealers are under no obligation to redeem your Units.
• Trading in Units on SGX-ST may be suspended or even delisted
o You will not be able to purchase or sell Units on the SGX-ST during any period that the SGX-ST suspends
trading in the Units.The SGX-ST may suspend the trading of Units whenever the SGX-ST determines that
it is appropriate in the interests of a fair and orderly market to protect investors. Subject to the provisions of
the CIS Code, the creation and redemption of Units will also be suspended if the trading of Units on the
SGX-ST is suspended.
o The Fund may not be able to continue to meet the requirements necessary to maintain the listing of Units on
the SGX-ST. The Fund may be terminated if Units are delisted from the SGX-ST.
Product Specific Risks• You are exposed to tracking error risko Changes in the NAV of the Fund are unlikely to replicate exactly changes in the Index due to various factors.
The Fund’s returns may therefore deviate from those of the Index.
• Lack of discretion by Manager to adapt to market changes
o The Index Securities held by the Fund will passively reflect the distribution of REITs whose securities comprisethe Index. Therefore, adverse changes in the financial condition or performance of any REIT included in the
Index will not result in the sale of the securities of such REIT, and will be likely to affect adversely the Fund’svalue and the trading price of the Units.The Manager will have limited discretion to remove the securities of such
REIT from the Fund.
• Risk associated with the investment strategy of the Fundo Unlike “actively managed" unit trusts and mutual funds, in its management of the Fund, the Manager does not
attempt to outperform the Index nor does it seek temporary defensive positions when markets decline or appear
overvalued by some standards. Accordingly, a fall in the Index may result in a corresponding fall in the NAVof the Fund.
You should be aware that your investment in the Fund may be exposed.

YOUR GOALS, OUR COMMITMENT.

4NIKKOAM-STRAITSTRADING ASIA EX JAPAN REIT ETF

Morningstar Rating: © Morningstar 2024. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar
and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely.
Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Past performance is no guarantee of future results.
Nikko Asset Management Asia Limited. Registration Number 198202562H

YOUR GOALS, OUR COMMITMENT.

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