April 21, 2014

Press Release
Nikko Asset Management Co., Ltd.

Nikko AM Wins R&I Fund Award 2014
Nikko Asset Management Co., Ltd. (Nikko AM) has been recognized for superior fund performance byRating and Investment Information, Inc. (R&I), in the categories shown below. Nikko AM is honored to be
the recipient of the R&I Fund Award 2014 in three categories, which underscores the firm’s global outlook,
Asian insights and local experience in the fund management business.
Fund
Nikko Developed Countries High Yield Bond Open(Monthly Dividend Payment Type)Nikko Developed Countries High Yield Bond Open(Growth Type)Nikko Eco Fund
Nikko Brazil Stock Fund

CategoryPrize

Investment Trusts/
Australia andNew Zealand Bond FundFirst prize

Investment Trusts/
Japanese SRI andEcology Equity Fund
Investment Trusts/
Brazil and Latin American
Equity Fund

Second prize
Second prize

About R&I Fund Award 2014
R&I Fund Award is based on the past data, and does not guarantee future performances of the fund. The Award is presented
only to provide information that can be used as a reference, and it does not intend to encourage investors to buy, sell or hold therelevant fund. Furthermore, it has no relation with the qualitative information Rating and Investment Information, Inc. (R&I)
provides to its clients. The Award is calculated by R&I based on information believed to be reliable; however, its accuracy andcompleteness are not necessarily guaranteed. The Award is not the Credit Rating Business, but one of the Other Lines ofBusiness (businesses excluding Credit Rating Business and also excluding the Ancillary Businesses) as set forth in Article 299,
paragraph (1), item (xxviii) of the Cabinet Office Ordinance on Financial Instruments Business, etc. With respect to such business,relevant laws and regulations require measures to be implemented so that activities pertaining to such business would not
unreasonably affect the Credit Rating Activities. The copyright and other related rights of this Award are the sole property of R&I.
Use of the information contained herein (including reproducing, amending, sending, distributing or mutilating the information) isprohibited without R&I's permission. The Award given to "Investment Trusts/Aggregate Category" is based on the average fundmanagement performance of the relevant fund, and it does not indicate the performance of the manager's other individual funds.
The base value of investment trusts, etc. is obtained from QUICK.
Funds eligible for the "Investment Trusts" and "Investment Trusts/Aggregate" categories are Japanese Publicly Offered
Open-type Stock Investment Trusts excluding defined contribution pension funds. Those for "Defined Contribution Pension"consist of Japanese Publicly Offered Open-type Stock Investment Trusts used in defined contribution pension plans. "NISA" funds
are Japanese Publicly Offered Open-type Stock Investment Trusts for Nippon Individual Savings Accounts. Funds for "Defined
Benefit Pension" are those registered in "R&I Universe Data Service". All of them are in principle based on R&I's classifications.
The funds nominated in the "Investment Trusts", "Defined Contribution Pension", "NISA" and "Defined Benefit Pension"categories are those ranked in the top 75% of the annual quantitative evaluation for three consecutive years based on the actual
performance data for each year ending in March 2012, 2013 and 2014. Winners are selected according to the ranking ofquantitative evaluation for the three-year period ending in March 2014. The quantitative evaluation for "Investment Trusts","Defined Contribution Pension" and "NISA" is based on "Sharpe Ratio", and nominated funds are required to have been set forthree years or more and have one year or more left before maturity. For "Investment Trusts" and "NISA", funds must have 3 billion
yen or more outstanding and rank among the top 50% in their respective subcategories in terms of outstanding balance. Funds for"Defined Contribution Pension" need to have 1 billion yen or more outstanding and rank among the top 75% in their respective
subcategories in terms of outstanding balance. The quantitative evaluation for "Defined Benefit Pension", on the other hand, isbased on "Information Ratio". For "Investment Trusts", "Defined Contribution Pension" and "NISA", R&I awards the first prize to
one fund and the second prize to about two funds. "Defined Benefit Pension" has no prize levels. Eligible for the "Investment
Trusts/Aggregate" category are fund managers that have three funds or more with the balance of 3 billion yen or more each as ofthe end of March 2014. The first prize and the second prize are awarded to one fund manager each based on the ranking bybalance-weighted average "Sharpe Ratio" of funds during the last three years.
* This award is based on past performance and does not guarantee future investment performance.

Nikko Asset Management Co., Ltd.
Midtown Tower, 9-7-1 Akasaka, Minato-ku, Tokyo, 107-6242, Japan
www.nikkoam.com
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■Risk Information○ Investment trust principal is not guaranteed and invests in assets for which prices fluctuate (assets
denominated in foreign currencies also bear exchange rate risks), therefore NAV will fluctuate. It ispossible that the NAV will fall below the principal amount of your investment. Profits and losses made by
the management of investment trusts all belong to the beneficiaries. Investment trusts differ from
deposits and savings.
○ Different investment trusts invest in different asset classes, markets, and countries, and contain different
investment restrictions, so the details of their risks differ accordingly.
■Outline of Fees, etc.
Investors must bear the following expenses:<Fees charged at the time of subscription and redemption>●Subscription Fees : Up to 4.32% (4.0% before tax)
● Redemption Fees : Up to 1.08% (1.0% before tax)
● Amount Retained in Trust Assets: Up to 0.5%
< Fees and expenses charged indirectly through the trust assets (i.e. paid by the Fund)>● Trust Fees (annual) : Up to 3.20% (3.12% before tax)
Some fund charge a performance fee based on investment performance, etc.
●Other Expenses:
Brokerage commission with respect to securities held in the portfolio, audit fees,
interest on borrowings and advances, and fees related to securities lendingetc.
* The rate or maximum amounts applicable to other fees and expenses
cannot be disclosed in advance because the actual amount will varydepending on the state of the assets managed.
* The total amount of fees above will vary depending on the length of investment period and otherfactors. Therefore, we cannot give a specific total.
* For more detail, please refer to the investment trust explanatory document (prospectus distributed inadvance of purchase).
<Disclaimer>○ Fees, etc. listed are the highest rates among those charged to the investment trusts managed byNikko Asset Management (as of the date this document was created).
○ The risk information and fees, etc. disclosed above are those typical for a general investment trust.
Actual fees will vary for each specific investment trust. For more detail, please refer to the investment
trust explanatory document (prospectus distributed in advance of subscription).
■Other matters to Consider○ These marketing materials were prepared for the purpose of providing information on the investment
trusts managed by Nikko Asset Management and promoting investors’ understanding of this Fund.
○ Unlike bank deposits or insurance policies, investment trusts are not protected by the Deposit
Insurance Corporation or the Insurance Policyholders Protection Corporations. In addition, whenpurchased from registered financial institutions such as banks, investment trusts are not eligible forpayments from the Japan Investor Protection Fund.
○ Your distributor will provide you with an investment trust explanatory document (prospectus distributedin advance of purchase) when you submit your application for this Fund. Please take the time to readits content carefully.

Nikko Asset Management Co., Ltd.
Midtown Tower, 9-7-1 Akasaka, Minato-ku, Tokyo, 107-6242, Japan
www.nikkoam.com
2About Nikko Asset Management
Nikko Asset Management (Nikko AM) is a leader in the Asian financial services industry, with over $160 billion in assets
under management as of December 31, 2013. Established in 1959, the firm has representation across 24 locations in
12 countries and enjoys one of the largest distributor networks in the region, serving both retail and institutional clients.
More than 300 banks, brokers, financial advisors and life insurance companies distribute the company’s products.
Nikko AM manages a wide range of equity and fixed income strategies in both active and passive formats, leveraging
the talents of over 250 investment professionals. In 2013 alone, Nikko AM won awards for excellence in asset
management from Lipper, Mercer, AsianInvestor, R&I, among others.
The company’s management team is highly diverse and experienced, and is committed to running the company
according to international best practices. Nikko AM’s independence from the limitations imposed on many captive
asset management companies allows it to focus on the interests of clients. At the same time, the company enjoys astable base of shareholders, with majority ownership held by Sumitomo Mitsui Trust Holdings and a smaller stake byDBS Bank.
For more information, please visit http://en.nikkoam.com/* Consolidated assets under management and sub-advisory of Nikko AM and its subsidiaries as of 31 December 2013.

Nikko Asset Management Co., LTD
Registration Number: Director of the Kanto Local Finance Bureau (Financial instruments firms) No. 368
Member Associations: The Investment Trusts Association, Japan/Japan Investment Advisers Association

Nikko Asset Management Co., Ltd.
Midtown Tower, 9-7-1 Akasaka, Minato-ku, Tokyo, 107-6242, Japan
www.nikkoam.com
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