iFreeETF
FTSE Blossom Japan Index

1654

Monthly Fund Report

Open-ended Investment Trust／Domestic／Equity／ETF／Index TypeTerm of Trust ： Unfinite
Fiscal Year End ： January and July - 10thas of date ： ：August 30, 2024

<NAV per unit ・ Total NAV>
(Inception date) 2017/09/25～2024/08/30

August 30, 2024

NAV（ Yen）
300,000¥218,181¥2.2

NAV per100units
Total NAV (bil.)

Total NAV(right axis)
NAV (reinvested)

250,000<Performance>

Fund-2.9 %-2.8 %
1 Month-1.8 %-1.8 %
3 Months+3.3 %+3.4 %
6 Months+21.6 % +22.0 %1 Year
+58.5 % +59.5 %3 Years+119.8 % +122.2 %5 Years+18.8 % +18.9 %YTD+112.2 %200,000

150

150,000

100

100,000

50

50,000Inception Date

<Investment Objective><Key Features><Distributions>（per 100 units、before Taxes）<Portfolio Allocation>

The fund seeks to track the performance of theFTSE Blossom Japan Total Return Index.

1.

2.

Fiscal Term （Year/month）
1st～2nd
3rd
4th
5th
6th
7th
8th
9th
10th
11th
12th
13th
14th
Total Distribution

total(19/01)(19/07)(20/01)(20/07)(21/01)(21/07)(22/01)(22/07)(23/01)(23/07)(24/01)(24/07)200

NAVBenchmark

BenchmarkSince Inception +108.9 %Total NAV
（100Mil. Yen）
250

Distribution¥2,710¥1,400¥1,690¥1,460¥1,570¥1,780¥1,050¥1,410¥2,020¥1,940¥6,330¥1,530¥2,330¥27,220

20/1/15

22/4/28024/8/9

The FTSE Blossom Japan Total Return Index is designed as an industry neutral benchmark thatreflects the performance of companies demonstrating strong environmental, social and governance(ESG) practices in Japan.
Listed on the Tokyo Stock Exchange and can be traded at market price intraday.

Asset Allocation
Asset
Number Weight
Domestic Stocks
351 99.4%
Stock Futures
10.6%
Reits, Preferred Securities----Call Loan, Others
0.6%
Total
352
--Section Allocation
TSE Prime
99.4%
TSE Standard
0.0%
TSE Growth--Others--Portfolio Holdings (Top10)
Issuer NameTOYOTA MOTORSONY GROUPHITACHIMITSUBISHI UFJ FINANCIAL GROUPRECRUIT HOLDINGSMITSUBISHI
SHIN-ETSU CHEMICALTOKYO ELECTRON
ITOCHUDAIICHI SANKYO

Sector Allocation
TOPIX Sector IndicesElectric Appliances
Transportation Equipment
Wholesale TradeBanks
Chemicals
PharmaceuticalInformation & Communication
Services
Machinery
Others

Weight
19.6%
9.3%
7.7%
6.9%
6.4%
6.2%
5.1%
4.9%
4.2%
29.1%

TOPIX Sector
Transportation Equipment
Electric Appliances
Electric Appliances
Banks
Services
Wholesale Trade
ChemicalsElectric Appliances
Wholesale Trade
Pharmaceutical

Weight
6.3%
3.3%
3.0%
2.6%
2.4%
2.2%
2.1%
2.1%
2.0%
2.0%

* Fund performance assumes that dividends (before taxes) being reinvested in the fund, and is different from actual rate of return to investors.
* NAV value is calculated after deducting trust fees.
* In the graph, the value of FTSE Blossom Japan Total Return Index is modified to match the fund NAV at the time of inception.
* Fund dividend is decided by the investment management company based on dividend policy. The amount of fund dividend is not guaranteed.
There may be no dividend payable in some circumstances.
* Performance and data above are based on past information and neither guarantee or promise future performance.
* In case there exists any open position of eligible futures for the fund, the total number of composition ratio by asset class is not shown.

Please refer to ”Warnings before handling this material”

Memorandum of The Fund
1654
Security CODE
1654 JP <Equity>
Bloomberg Ticker
1654 IV <Index>
iNAV Ticker
JP3048520005
ISIN CODE
10 units
Trade Lot
https://api.ebs.ihsmarkit.com/inav/getfile?filename=1654.csv
PCF File

Inception Date
Listing Date
Listed Market
Currency
Domicile
Management and Trustee Fee

September 25, 2017
September 26, 2017
Tokyo Stock Exchange
JPYJapan15.0 (bps , Excluding Taxes) (※）(※）Please refer to "Fee Structure" for detailed fund fees and expense.

Investment Risks

The Fund will invest in financial instruments whose prices fluctuate and as a result the NAV per unit of the Fund will also fluctuate. Therefore the invested amount will not be guaranteed and aloss of principal may be caused. All the gains and losses accrued to the trust assets will be attributable to the investors. Investment trusts are not deposits.
Major factors to cause fluctuation of NAV per unit:
1. Stock Price Volatility (Price Volatility Risks, Credit Risks): Stock price changes based on the political and economic conditions, operating results of the issuer, and market supply anddemand for the security. If the issuer becomes operationally distressed or goes bankrupt, all or part of invested amount might not be returned. If the price of stocks included in the trust assets
falls, the NAV per unit may fall below the invested amount.
2. Other risks: When the trust assets of the Fund are invested in money market instruments such as call loans and/or certificates of deposit, losses may accrue due to default of the issuers ofsuch instruments (the Credit Risk). This may cause the NAV per unit to decline.
The performance of the NAV may not completely match that of the index. The factors to cause fluctuation of NAV per unit are not limited to those mentioned above.
Please read “Investment Risks” in the fund’s Prospectus describing in detail.

Fee Structure
Fees directly charged to customers
Subscription commission

Determined by the Distributor.

Subscription Commission is a consideration for explanation of products, provision of product information and investment
information, and execution of application at the time of the subscription of the Fund.

Redemption FeeNilーExchange commission

Determined by the Distributor.

Exchange Commission is a consideration for administrative procedures for exchange of units of the Fund.

Fees indirectly charged during holding period
Management Fee(Trust Fee)

Other Expenses andBrokerage Commissions

Trust fee is calculated daily as sum of 1 and 2 as shown below during the holding period.
1. The amount obtained by multiplying the total net assets of the trust assets by the ratio up to 0.165% per annum (0.15% before tax).
2. The amount obtained by multiplying lending charges due to lending of stocks held in the trust assets by up to 55% (50% before tax).

(Note)●Commissions associated with securities transactions (including brokerage commissions on trade of securities,
fees for future transactions and option transactions) and auditing fees shall be charged to the trust assets.
●Fund Listing Expenses and Annual Fees for Use of Trademarks of the Index with tax levied on them can be borneby the unitholders, and can be paid from the trustassets.

(Note)As expenses for brokerage commissions on trade of securities, etc. shall vary depending on circumstances, specific rate of fees or the maximum amounts
thereof cannot be disclosed in advance.
※Please consult a distributor about details of the Subscription commission and Exchange commission.
※Total amount of fees, etc. varies depending on the holding period, etc. and cannot displayed.
※Please see further details described under “Expenses and Taxes of the Fund” in the Prospectus.

Copyright of the index“iFreeETF FTSE Blossom Japan Index is not in any way sponsored, endorsed, sold or promoted by FTSE International Limited (“FTSE”) or the London Stock
Exchange Group companies (“LSEG”) (together the “Licensor Parties”) and none of the Licensor Parties make any claim, prediction, warranty or representation
whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the FTSE Blossom Japan Index Series (the “Index”) (upon which theiFreeETF FTSE Blossom Japan Index is based), (ii) the figure at which the Index is said to stand at any particular time on any particular day or otherwise, or (iii) thesuitability of the Index for the purpose to which it is being put in connection with the iFreeETF FTSE Blossom Japan Index.
None of the Licensor Parties have provided or will provide any financial or investment advice or recommendation in relation to the Index to Daiwa Asset Management
Co.Ltd. or to its clients. The Index is calculated by FTSE or its agent. None of the Licensor Parties shall be (a) liable (whether in negligence or otherwise) to any person
for any error in the Index or (b) under any obligation to advise any person of any error therein.
All rights in the Index vest in FTSE. “FTSE®” is a trade mark of LSEG and is used by FTSE under license”.

Warnings before handling this material

This material was prepared by Daiwa Asset Management Co. Ltd. to provide information about its funds’ performance and other operation-related facts. Potential investors should refer to andread the prospectus of such fund product for more detailed information prior to their investment decision. Since investment trusts will invest in stocks whose prices fluctuate, the NAV of thisfund could possibly decline and cause a loss in investment. The investors’ principals thus are not guaranteed and the fund contains risk that the NAV may fall below its par value. All the gainsand losses accrued to the trust assets will be attributable to the investors. Investment trusts are different from deposits and insurance policies. Investment trusts are not protected by the Deposit
Insurance Corporation of Japan and Life Insurance Policyholders Protection of Japan. Investment trusts which are not purchased from securities companies are not protected by the Japan
Investor Protection Fund. The information, statements, forecasts and projections contained herein, including any expression of opinion, are based upon sources believed to be reliable, but theiraccuracy, correctness or completeness are not guaranteed. The performance of investments, if referred to herein, is based on past data and is neither necessarily an indication nor a guarantee offuture performance of investments. The performance data in this material does not consider any tax or fees if there were any, and will not provide a final return for potential investors. Daiwa
Asset Management Co. Ltd. made all reasonable efforts to ensure that the information contained herein is current, but it is subject to change without notice. The dividend amount is to bedetermined, based on the dividend distribution policy of such fund product, by the investment manager, who will not promise or guarantee any fixed amount of dividend before investment. In
some cases, the investment manager might decide to skip a dividend payment for the correspondent period due to performance reason.
Daiwa Asset Management Co. Ltd.
Director of Kanto Local Finance Bureau (Financial instruments firms) No. 352
Association Membership : The Investment Trusts Association, Japan
Japan Investment Advisers Association
Type II Financial Instruments Firms Association