< Disclaimer for the English Overview of
the Delivery Prospectus of
Listed Index Fund US Equity (NASDAQ100)(Currency Hedge) / (No Currency Hedge) >This document provides an overview of the Japanese “Summary Prospectus” (the “Delivery
Prospectus”) of Listed Index Fund US Equity (NASDAQ100) (Currency Hedge) / (No Currency
Hedge) (the “Fund”) in English. The Japanese Delivery Prospectus is the offering document.
This document in English is not required by law or any regulation.
While every effort has been made to ensure the accuracy or completeness of the content of
this document, Nikko Asset Management Co., Ltd. cannot guarantee the accuracy orcompleteness as differences of interpretation may arise between the English and Japanese
languages. In the event of any inconsistency between this document in English and theJapanese version, the Japanese version shall prevail, except to the extent prohibited by theapplicable law of any jurisdiction where the units of the Fund are sold. In addition, 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.
Except as otherwise indicated herein, this material is based on the most recent Japaneseversion of the Delivery Prospectus. In case of any update to or modification of the Japaneseversion 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 AssetManagement 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 fulltranslation of the original Delivery Prospectus. As this English document may differ from theJapanese Delivery Prospectus as explained above, this document does not contain orconstitute, and should not be relied upon as an offer or invitation to make an offer for thepurchase of these securities (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 Asset Management Co., Ltd.
1

Explanatory Booklet on the Investment Trusts(English Overview of the Delivery Prospectus)
April 9, 2024

Listed Index Fund US Equity (NASDAQ100)(Currency Hedge) / (No Currency Hedge)
Nickname: JoJo US Equity (NASDAQ100)(Currency Hedge) / (No Currency Hedge)
Open-end investment trust, Overseas, Equities, 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
and Exchange 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
and Exchange Act (hereinafter referred to as the "Prospectus Issued upon Request") can be reador 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 to that 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 the intentionof investors (beneficiaries) in advance under the Act on Investment Trust and Investment
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 US Equity (NASDAQ100)(Currency Hedge) and Listed Index Fund US Equity (NASDAQ100) (No Currency Hedge), whichis extended by way of this prospectus, the Management Company filed securities registration
statements with the Director-General of the Kanto Local Finance Bureau on April 8, 2024 pursuant
to the provisions of Article 5 of the Financial Instruments and Exchange Act. These filings became
effective on the next business day after the filing date.

Product Classification
Unit-Type/

Segmentation by Attribute

Eligible

Open-end

Eligible

Investments

Independent

Supplementary

Eligible

Investment

Market(Source of

Segment

Classification

Investments

Trust

Income)Timing of

Geographica

Accountingl Areas of

PeriodInvestment

Investment

Currency

Index

Category

Hedging

Followed

Yes(Nasdaq-100

Other
Currency
Hedge
Open-end

Overseas

Equities

ETF

Index type

Other Assets(Full

Index (JPY

(investment

hedging)

based, JPY

trust

Semi-

North

securities

annually

AmericaNo(Equities in

Currency

general))Hedged))Family FundOther
No hedge

Hedge(Nasdaq-100
Index (Yenconverted))*Please refer to the Investment Trusts Association, Japan website for definitions of products classification and segmentation by attribute athttps://www.toushin.or.jp/.
*Currency Hedging described in segmentation by attribute indicates whether or not to hedge the currency fluctuation risk against Japaneseyen.

Management Company Details
Name:

Nikko Asset Management Co., Ltd.

Date of establishment: December 1, 1959
Capital:17,363.04 million yen

Total net asset value of investment trust assets under management: 28,894.6 billion yen(As of the end of January 2024)
Listed Index Fund US Equity (NASDAQ100) (Currency Hedge) may be referred to as “Currency Hedge”
and Listed Index Fund US Equity (NASDAQ100) (No Currency Hedge) may be referred to as “No
Currency Hedge”.

3Objective and Characteristics of the Fund
Objective of the FundThis Fund seeks the net asset value per unit to track the performance of the benchmark
index by mainly investing in the mother fund.
* The benchmark index for Currency Hedge is Nasdaq-100 Currency Hedged JPY Index
and the benchmark index for No Currency Hedge is Nasdaq-100 Yen-converted Index.


NASDAQ-100 Index is a market capitalization-weighted equity index composed of 100
largest companies by market capitalization except financial sector among the companies
listed on Nasdaq in the United States. Nasdaq-100 Currency Hedged JPY Index is theresult of the JPY currency hedging of the local currency denominated index andconverting to JPY. Nasdaq-100 Yen-converted Index is the result of the converting local
currency denominated index to JPY by Nikko Asset Management Co., Ltd.

Copyright and Other Rights of the “NASDAQ-100 Index”
The Product(s) is not sponsored, endorsed, sold or promoted by Nasdaq, Inc. or its affiliates (Nasdaq,
with its affiliates, are referred to as the “Corporations”). The Corporations have not passed on thelegality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, theProduct(s). The Corporations make no representation or warranty, express or implied to the owners of
the Product(s) or any member of the public regarding the advisability of investing in securities generally
or in the Product(s) particularly, or the ability of the NASDAQ-100 Index® to track general stock market
performance. The Corporations' only relationship to Nikko Asset Management Co., Ltd. (“Licensee”) isin the licensing of the Nasdaq®, and certain trade names of the Corporations and the use of the
NASDAQ-100 Index®, which is determined, composed and calculated by Nasdaq without regard to
Licensee or the Product(s). Nasdaq has no obligation to take the needs of the Licensee or the ownersof the Product(s) into consideration in determining, composing or calculating the NASDAQ-100 Index®.
The Corporations are not responsible for and have not participated in the determination of the timing of,prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equationby which the Product(s) is to be converted into cash. The Corporations have no liability in connection
with the administration, marketing or trading of the Product(s).
THE CORPORATIONS DO NOT GUARANTEE THE ACCURACY AND/OR UNINTERRUPTEDCALCULATION OF NASDAQ-100 INDEX® OR ANY DATA INCLUDED THEREIN.
THE
CORPORATIONS MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE
OBTAINED BY LICENSEE, OWNERS OF THE PRODUCT(S), OR ANY OTHER PERSON OR ENTITYFROM THE USE OF THE NASDAQ-100 INDEX® OR ANY DATA INCLUDED THEREIN. THE
CORPORATIONS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM
ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE
WITH RESPECT TO THE NASDAQ-100 INDEX® OR ANY DATA INCLUDED THEREIN. WITHOUT
LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL THE CORPORATIONS HAVE ANY
LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT, OR
CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

4

Characteristics of the Fund

Aim to achieve investment result that is linked to the movement of thebenchmark index.
The fund will invest mainly in Index Mother Fund Nasdaq-100, with the aim ofmatching the rate of change in the net assets per unit with the rate of change inthe benchmark index<Currency Hedge>
 The benchmark index to follow is Nasdaq-100 Currency Hedged JPY Index.
 For investing in foreign currency-denominated assets, in principle, currency
hedging is carried out* Currency hedging is carried out in order to reduce currency fluctuation risk,
however, currency fluctuation risk cannot be eliminated completely. Whencurrency hedging is carried out, if the yen interest rate is lower than the interest
rate of the currency for which hedging is carried out, a hedge cost is incurred.
<No Currency Hedge>
 The benchmark index to follow is Nasdaq-100 Yen-converted Index.
* The above operation may not be possible due to market conditions and financial
trends.



Units are listed on Tokyo Stock Exchange and can be traded at any time
during trading hours.
 Units may be traded in blocks of 10 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

Major Investment Restrictions
・There is no restriction on the investment ratio in stocks.
・There is no restriction as to the investment ratio for assets denominated in foreign
currencies.
Distribution Policy
5・ 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/2568-us-equity-nasdaq100-no-currency-hedge
https://en.nikkoam.com/etf/2569-us-equity-nasdaq100-currency-hedge

Past Performance
Please refer to "Net Asset Value and Performance" on our website below for the past performance.
https://en.nikkoam.com/etf/2568-us-equity-nasdaq100-no-currency-hedge
https://en.nikkoam.com/etf/2569-us-equity-nasdaq100-currency-hedge

7Procedures, Fees, and Other Items■Subscription Memorandum
Subscription Units

Units to be determined by the distributors starting at no less than 5,000*Please contact the distributor for information on subscription units.

Subscription Price

The NAV as of the next business day on which the subscription is accepted

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

Redemption Units

Units of 5,000 or more
*Units to be determined by the distributor*A beneficiary may ask a distributor to buyback his or her Units in cases where thetotal 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 next business day on which the redemption is accepted.

Redemption
Proceeds

As a rule, the payment will be made from the fifth business day after and including
the day on which a request for redemption is made.

Business Hours
for Subscription
and Redemption

As a rule, applications for subscriptions and redemptions that are completed by 3 p.m.
on the days distributors are open for business are deemed to have been accepted onthat day. It must be pursuant to the procedures established by the distributor.

Subscription
PeriodFrom April 9, 2024 to October 8, 2024
*The subscription period can be renewed by filing another securities registration
statement prior to the expiration date shown above.
Even on the days where the distributor is open for business, applications forsubscription will not be accepted on the following days. Please contact the
distributors for details.

1) When the application day for subscription is two business days prior to the
Non-acceptance Days accounting date. (For a period of two business days, beginning three business days
prior to the accounting date when the accounting date falls on non-business day.)for Subscription2) When the application day for subscription is non-business day for Nasdaq andbanks in New York; and3) In addition to the days referred to 1) and 2), any time the Management Company
determines that unavoidable circumstances have developed that may prevent itfrom investing in accordance with the basic policies set forth in the trust deeds.
Even on the days where the distributor is open for business, applications forredemption will not be accepted on the following days. Please contact the
distributors for details.
1) When the application day for redemption is for a period of two business days,
beginning three business days prior to the accounting date. (For a period of three
Non-acceptance Days business days, beginning four business days prior to the accounting date when theaccounting date falls on non-business day.)for Redemption2) When the application day for redemption is non business day for Nasdaq andbanks in New York; and3) In addition to the days referred to 1) and 2), any time the Management Company
determines that unavoidable circumstances have developed that may prevent itfrom investing in accordance with the basic policies set forth in the trust deeds.

8Redemption
Restrictions
Suspension or

Based on the size of the Fund or the product characteristics, restrictions may beplaced on the timing and amount of large number of units for redemption to avoid
adverse effects on the fund’s management.

Applications

The Management Company may suspend acceptance of applications forsubscription or requests for redemptions, or cancel applications for subscriptions
or redemptions that have already been accepted in the event that trading on afinancial instruments exchange is suspended, trading of foreign exchange issuspended, settlement functions are halted, or any unavoidable circumstancesarise.

Trust Term

Unlimited (launch date: September 17, 2020)

Cancellation of
Subscription or
Redemption

Early termination is carried out in any of the following cases:

Early Termination

Closing of
Account

IncomeDistribution<Listed Index Fund US Equity (NASDAQ100) (Currency Hedge)>・If the Units are delisted from all the financial instruments exchanges on which
they have been listed.
・If the Nasdaq-100 Currency Hedged JPY Index is discontinued.
・If any amendment to the trust deeds deemed necessary by the Management
Company or Trustee because of a change in the calculation method or similar of
the Nasdaq-100 Currency Hedged JPY Index is not accepted by a written
resolution.
<Listed Index Fund US Equity (NASDAQ100) (No Currency Hedge)>・If the Units are delisted from all the financial instruments exchanges on which
they have been listed.
・If the Nasdaq-100 Yen-converted Index is discontinued.
・If any amendment to the trust deeds deemed necessary by the Management
Company or Trustee because of a change in the calculation method or similar of
the Nasdaq-100 Yen-converted Index is not accepted by a written resolution.
Early termination may be possible in any of the following cases:
・If the total net assets of each of the Funds fall below JPY 1 billion after January
9,2024;・If early termination is deemed advantageous for beneficiaries; or・If any unavoidable circumstances arise.
January 8 and July 8 each year
Dividends are paid twice 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 days ofthe end of each calculation period in the bank account designated in advance by
the beneficiary. When a beneficiary has signed a separate agreement with his or
her distributor in connection with the treatment of income distribution, payment
will be made pursuant to the provisions of such agreement.

Maximum Amountof Trust Money

1 trillion yen for each of the Funds

Public Notification

Public notices are posted on the website of the Trustee.
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
Tax Treatment

As defined in the Act on Investment Trust and Investment Corporations,investment reports are not prepared and published.
For tax purposes, the Fund is treated as an exchange-traded fund (ETF).
・Publicly-offered Equity Investment Trusts are eligible for the Nippon Individual

9Savings Account (NISA) if they meet certain requirements under the tax law.
・Each Fund is eligible for the "Growth Quota (Specific Tax Exemption
Management Account)" under the NISA, but the handling may differ depending on
the distributor. Please contact your distributor for details.
・The dividends received reduction will not apply.
・The system excluding dividends from gross revenue will not apply.

10

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
Independently set by Distributors*Please contact your Distributor for further information.
Subscription*Subscription Fee is compensation for explanation and information providing about theFeeFund or investment environment, and is also including expense of clerical processingof the subscription.
Independently set by Distributors
Redemption *Please contact your Distributor for further information.
Fee*Exchange Fee is compensation for clerical processing of the exchange.
Amount to beretained in
None.
Trust Assets
Costs paid indirectly by the customer for the trust assets (paid from the fund)
TER(TotalExpenseRatio)

Currency Hedge: 0.3701% / No Currency Hedge: 0.3777%* This represents the actual TER for the period of January 10, 2023 - January 5, 2024.
No more than 0.275% (0.25% excluding taxes) per annum of the daily total NAV of
the Fund・The investment management fee is daily recorded and paid out of the trust assets at theend of each calculation period or at the time of termination of the Trust.

Investment
Management
Expenses(Trust fee)<Distribution of Investment Management Expenses(annual rate)>
When above is 0.25％ 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
TrusteeCompany0.250％
0.215％
0.035％
Management
Company

Compensation for investment
management
Compensation for administration ofassets under management andTrustee
execution of orders from Management
Company*Figures are excluding tax. Consumption tax will be added.

Expenses(Expenses for
preparation ofprospectuses
Other
Expenses and and otherexpenses)
Fees

Brokeragecommissions
and other

No more than 0.1% per annum of the daily total NAV of the Fund
1. Expenses for preparation and distribution of prospectuses etc., 2.
Expenses for accounting and operations incidental to the same, 3.
Expenses for preparation of financial statements (including fees foroutsourcing operations described in 1.-3.), 4. Auditing fee, 5.
Expenses for listing of the Fund, as well as 6. Royalties for the
Nasdaq-100 Currency Hedged JPY Index or the Nasdaq-100 Yenconverted Index are paid out of the trust assets at the times specified
by the Management Company.
* Auditing fee is an expense paid to audit firm for auditing of the Fund.
Brokerage commissions on securities in the portfolio, expenses forcustody of assets in foreign countries, interest on borrowings, interest on
advances, and other fees are paid out of the trust assets each time they

11

fees

are incurred.
* The figures for items such as the rate and maximum amount cannot beprovided in advance as they fluctuate in line with investment
performance and other factors. As the funds do not currently lend
securities, there will be no fees in relation to that.
The total amount of expenses of the Fund to be borne by investors varies according to holding length andinvestment status, and thus cannot be shown.

12

Tax Treatment
Tax treatment for individual investors
1) Taxation upon sale of 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 position), tax will
be withheld at sources 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 general 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 Fee
・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 there
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.

1314