PRESS RELEASE
24 MAY 2021

NIKKO ASSET MANAGEMENT CO., LTD.

Nikko AM Wins Three ETF Awards from The AssetBest ETF Provider, Japan / Most Innovative ETF, Japan / Most Innovative ETF, Hong Kong
Nikko Asset Management (Nikko AM) won a trio of exchange traded fund (ETF) awards as part of The Asset
Triple A Sustainable Investing Awards for Institutional Investor, ETF, and Asset Servicing Providers 2021. On
29 April, Nikko AM was recognised as Best ETF Provider, Japan, and followed up on 6 May with wins for Most
Innovative ETF in the Japan and Hong Kong categories. The Asset, an influential industry publication about
the asset management industry in Asia, made a comprehensive decision looking at ETF providers’ products,
leadership, performance, new ETF launches, partnerships, educational initiatives and more during the periodof 1 January to 31 December 2020. This is the third time The Asset has awarded Nikko AM, following the firm’s
wins in 2017 and 2020.
Nikko AM claims the spot of Best ETF Provider, Japan for a second consecutive year. The Asset pointed to thefirm’s robust 28% increase in ETF assets under management (AUM) in Japan to reach JPY11.1 trillion as of 30
December 2020, underscoring a strong presence in the country. During the award period, Nikko AM launchedfour new ETFs on the Tokyo Stock Exchange, and carried out new promotional initiatives such as a webinar
for journalists and SEO (search engine optimisation) advertising. Nikko AM has been conducting webinars
even before the pandemic restricted face to face meetings.
For Most Innovative ETF, Japan, Nikko AM won for Listed Index Fund Nikkei ESG REIT. Listed on 7 September
2020, this is the first* ETF to track the Nikkei ESG-REIT Index, as investors demonstrate an increasing awarenessof non-financial factors such as climate change, human rights and other societal issues as indicators on
whether a company can achieve sustainable growth, and predicted investors will make these sameconsiderations when choosing real estate investment trusts. (*According to Nikko AM research, as of 13
August, 2020)
Joint Global Head of ETF Business Junichiro Ariga commented, “It is an honour to win these awards, which
both demonstrate our continued commitment to the Japan market and pursuit of innovation in production,
distribution and promotion so that our ETFs continually meet the changing needs of institutional, retail andindividual investors.”
In Hong Kong, Nikko AM took home Most Innovative ETF for the NikkoAM E-Games Active ETF, listed on 15
June 2020. This is the first actively managed equity ETF in Hong Kong**, and comes with a variable
management fee structure. The ETF offers a diversified portfolio of E-games companies and related
businesses, which have experienced a tailwind as the global gaming population grows, 5G and otheraccessibility improves, and the stay home trend due to COVID-19. (**According to Nikko AM research)
Phillip Yeo, Joint Global Head of ETF Business and International Head of Product Development andManagement, explained, “E-games is the latest frontier in engagement, and active management is key toseizing the opportunities in the rapidly growing and evolving industry. By combining this with variable
management fees, we can create value and encourage long-term investment.”
For the background and decision making process of the awards please visit the award website.
https://www.theasset.com/awards-single/asset-servicing-investor-fund-management– ENDS –en.nikkoam.com

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Invested principal is not guaranteed, and the investor may incur a loss when the market transaction price or
the fund’s base value (NAV) fall below the invested principal amount. All gains and losses stemming frommanagement of the fund are attributed to the investor (beneficiary). This fund is different from bankdeposits.
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:
Fee charged directly at the time of purchase and redemption
Purchase Application Fees:

Up to 3.85% (3.5% before tax)

Redemption fee:

Up to 1.1% (1.0% before tax)

Amount Retained in Trust Assets:

Up to 0.6%

Fees and expenses charged indirectly through the trust assets (i.e. paid by the Fund)
Trust Fees:

Up to 3.045% (2.95% before tax)
Some funds 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 borrowing and advances, fees related to securities lending, etc.

* 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 other factors. Therefore, we cannot give a specifictotal.
* For more detail, please refer to the investment trust explanatory document (prospectus distributed in advance of purchase).

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Disclaimer
 Fees, etc. listed are the highest rates among those charged to the investment trusts managed by Nikko
Asset Management (as of the day this content 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 purchase).
Other matters to consider
 These materials were prepared for the purpose of providing information on investment trusts offered by
Nikko AM.
 Unlike bank deposits or insurance policies, investment trusts are not protected by the Deposit Insurance
Corporation or the Insurance Policyholders Protection Corporations. Nor are investment trusts protectedby the Investor Protection Funds when purchased at banks or other registered financial institutions.
 Any profit or loss derived from management of investment trusts belongs to all the beneficiaries. Whenpurchasing to investment trusts, the distributor will provide you with an investment trust explanatory
document (or prospectus distributed in advance of application) beforehand, so please be sure to verify
the details and make your own decision whether or not to invest.
Important Information on Investment Advisory Agreements and Discretionary Investment Agreements
The investments effected under discretionary investment agreements and advice rendered under investment
advisory agreements covers primarily equities, bonds and/or other securities whose price fluctuates (subject
also to exchange-rate fluctuation risk if denominated in foreign currencies). Accordingly, the estimated valueof client assets under management fluctuates and may fall below the principal investment.
The main risks pertaining to investment advisory agreements and discretionary investment agreements are1) price fluctuation risk, 2) liquidity risk, 3) credit risk, 4) exchange-rate fluctuation risk, 5) country risk, 6)
derivative risk, 7) risk unique to alternative strategies
Information on Fees and Charges Payable by Clients
 Investment Advisory and Other Service Fees: In consideration of the investment advisory agreement or
discretionary investment agreement, the maximum investment advisory fee chargeable will be set by
multiplying the outstanding balance of invested assets (an initial investment amount of at least 500
million yen is required) by 3.3% (3.0% net of tax) per annum, depending on the contract period. Certain
agreements may include conditions charging a performance fee in addition to the fixed service fee.
 Other Expenses: Other expenses that may be incurred include brokerage commissions on securities
included in portfolios.
If investment trusts are included under a discretionary investment agreement, the following expenses
may be incurred: trust fees charged to administer the investment trust, an exit charge, service fees upon
subscription and redemption, brokerage commissions on transactions in portfolio securities, securities
custody fees, administrative expenses, audit expenses, fund establishment related expenses, interest on
loan borrowings, stock borrowing expenses, etc.
Important Information to Note As the performance fee and Other Expenses will change depending on the investment strategies and/or
investment status, the rates or maximum amounts applicable thereto cannot be indicated in advance.
 The risks, fees and charges described above vary according to the details of specific agreements andother factors. Before entering into an agreement, please read the delivered prospectus carefully.

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With US$284.4 billion* under management, Nikko Asset Management is one of Asia’s largest asset managers, providing
high-conviction, active fund management across a range of equity, fixed income, multi-asset and alternative strategies.
In addition, its complementary range of passive strategies covers more than 20 indices and includes some of Asia’s
largest exchange-traded funds (ETFs).
Headquartered in Asia since 1959, the firm employs approximately 200** investment professionals, representing
approximately 30 nationalities across 11 countries. More than 400 banks, brokers, financial advisors and life insurancecompanies around the world distribute the company’s products.
The investment teams benefit from a unique global perspective complemented by the firm's historic Asian DNA,
striving to deliver consistent excellence in performance. The firm also prides itself on its progressive, solution-driven
approach, which has led to many innovative funds launched for its clients.
For more information about Nikko Asset Management and to access its investment insights, please visit the firm’s
homepage.
* Consolidated assets under management and sub-advisory of Nikko Asset Management and its subsidiaries as of 31 December
2020.
** As of 31 December 2020, including employees of Nikko Asset Management and its subsidiaries.
Important Information
This document is prepared by Nikko Asset Management Co., Ltd. and/or its affiliates (Nikko AM) and is for distribution only under suchcircumstances as may be permitted by applicable laws. This document does not constitute personal investment advice or a personal
recommendation and it does not consider in any way the objectives, financial situation or needs of any recipients. All recipients are recommended
to consult with their independent tax, financial and legal advisers prior to any investment.
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 orparticipate in any trading strategy. Moreover, the information in this document will not affect Nikko AM’s investment strategy in any way. The
information and opinions in this document have been derived from or reached from sources believed in good faith to be reliable but have notbeen independently verified. Nikko AM 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 orprospects contained within this document. This document should not be regarded by recipients as a substitute for the exercise of their own
judgment. Opinions stated in this document may change without notice.
In any investment, past performance is neither an indication nor guarantee of future performance and a loss of capital may occur. Estimates of
future performance are based on assumptions that may not be realised. Investors should be able to withstand the loss of any principal investment.
The mention of individual securities, sectors, regions or countries within this document does not imply a recommendation to buy or sell.
Nikko AM accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this document, provided
that nothing herein excludes or restricts any liability of Nikko AM under applicable regulatory rules or requirements.
All information contained in this document is solely for the attention and use of the intended recipients. Any use beyond that intended by Nikko
AM is strictly prohibited.
Japan: The information contained in this document pertaining specifically to the investment products is not directed at persons in Japan nor is it
intended for distribution to persons in Japan. 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.
United Kingdom and rest of Europe: This document is communicated by Nikko Asset Management Europe Ltd, which is authorised andregulated in the United Kingdom by the Financial Conduct Authority (the FCA) (FRN 122084). 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 FCA in the United Kingdom, and isdirected at professional clients as defined in the FCA Handbook of Rules and Guidance.
United States: This document may not be duplicated, quoted, discussed or otherwise shared without prior consent. Any offering or distributionof a Fund in the United States may only be conducted via a licensed and registered broker-dealer or a duly qualified entity. Nikko AssetManagement Americas, Inc. is a United States Registered Investment Adviser.
Singapore: Nikko Asset Management Asia Limited (Co. Reg. No. 198202562H) is regulated by the Monetary Authority of Singapore.

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Hong Kong: This document is for information to professional investors as defined in the Securities and Futures Ordinance, and intermediaries
only. The contents of this document have not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.
Nikko Asset Management Hong Kong Limited is a licensed corporation in Hong Kong.
New Zealand: Nikko Asset Management New Zealand Limited (Company No. 606057, FSP22562) is the licensed Investment Manager of Nikko
AM NZ Investment Scheme, the Nikko AM NZ Wholesale Investment Scheme and the Nikko AM KiwiSaver Scheme. This material is for information
purposes only.
Kingdom of Bahrain: The document has not been approved by the Central Bank of Bahrain which takes no responsibility for its contents. No
offer to the public to purchase the Strategy will be made in the Kingdom of Bahrain and this document is intended to be read by the addressee
only and must not be passed to, issued to, or shown to the public generally.
Kuwait: This document is not for general circulation to the public in Kuwait. The Strategy has not been licensed for offering in Kuwait by the
Kuwaiti Capital Markets Authority or any other relevant Kuwaiti government agency. The offering of the Strategy in Kuwait on the basis a private
placement or public offering is, therefore, restricted in accordance with Decree Law No. 7 of 2010 and the bylaws thereto (as amended). No private
or public offering of the Strategy is being made in Kuwait, and no agreement relating to the sale of the Strategy will be concluded in Kuwait. No
marketing or solicitation or inducement activities are being used to offer or market the Strategy in Kuwait.
Kingdom of Saudi Arabia: This document is communicated by Nikko Asset Management Europe Ltd (Nikko AME), which is authorised andregulated by 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 should not be reproduced, redistributed, or sent directly or indirectly to any other party or
published in full or in part for any purpose whatsoever without a prior written permission from Nikko AME.
This document does not constitute investment advice or a personal recommendation and does not consider in any way the suitability or
appropriateness of the subject matter for the individual circumstances of any recipient. In providing a person with this document, Nikko AME is
not treating that person as a client for the purposes of the FCA Rules other than those relating to financial promotion and that person will nottherefore benefit from any protections that would be available to such clients.
Nikko AME and its associates and/or its or their officers, directors or employees may have or have had positions or material interests, may at any
time make purchases and/or sales as principal or agent, may provide or have provided corporate finance services to issuers or may provide or
have provided significant advice or investment services in any investments referred to in this document or in related investments. Relevant
confidential information, if any, known within any company in the Nikko AM group or Sumitomo Mitsui Trust Holdings group and not available
to Nikko AME because of regulations or internal procedure is not reflected 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.
Oman: The information contained in this document nether constitutes a public offer of securities in the Sultanate of Oman as contemplated by
the Commercial companies law of Oman (Royal decree 4/74) or the Capital Markets Law of Oman (Royal Decree80/98, nor does it constitute anoffer to sell, or the solicitation of any offer to buy non-Omani securities in the Sultanate of Oman as contemplated by Article 139 of the Executive
Regulations to the Capital Market law (issued by Decision No. 1/2009). This document is not intended to lead to the conclusion of any contract ofwhatsoever nature within the territory of the Sultanate of Oman.
Qatar (excluding QFC): The Strategies are only being offered to a limited number of investors who are willing and able to conduct an
independent investigation of the risks involved in an investment in such Strategies. The document does not constitute an offer to the public andshould not be reproduced, redistributed, or sent directly or indirectly to any other party or published in full or in part for any purpose whatsoever
without a prior written permission from Nikko Asset Management Europe Ltd (Nikko AME). No transaction will be concluded in your jurisdiction
and any inquiries regarding the Strategies should be made to Nikko AME.
United Arab Emirates (excluding DIFC): This document and the information contained herein, do not constitute, and is not intended toconstitute, a public offer of securities in the United Arab Emirates and accordingly should not be construed as such. The Strategy is only being
offered to a limited number of investors in the UAE who are (a) willing and able to conduct an independent investigation of the risks involved in
an investment in such Strategy, and (b) upon their specific request.
The Strategy has not been approved by or licensed or registered with the UAE Central Bank, the Securities and Commodities Authority or any
other relevant licensing authorities or governmental agencies in the UAE. This document is for the use of the named addressee only and should
not be given or shown to any other person (other than employees, agents or consultants in connection with the addressee's consideration thereof).
No transaction will be concluded in the UAE and any inquiries regarding the Strategy should be made to Nikko Asset Management Europe Ltd.
Republic of Korea: This document is being provided for general information purposes only, and shall not, and under no circumstances is, to beconstrued as, an offering of financial investment products or services. Nikko AM is not making any representation with respect to the eligibility ofany person to acquire any financial investment product or service. The offering and sale of any financial investment product is subject to theapplicable regulations of the Republic of Korea. Any interests in a fund or collective investment scheme shall be sold after such fund is registeredunder the private placement registration regime in accordance with the applicable regulations of the Republic of Korea, and the offering of suchregistered fund shall be conducted only through a locally licensed distributor.
Comprehensive Risk Information on Mutual Funds: http://en.nikkoam.com/risk-information-mutual-funds

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