iFreeETF
Tokyo Stock Exchange REIT Index

1488

Monthly Fund Report

Open-ended Investment Trust／Domestic／Real Estate Investment Trusts／ETF／Index TypeTerm of Trust ： Unfinite,
Fiscal Year End ： Mar.,Jun.,Sep.,Dec. - 4th

as of date ： ：August 30, 2024

<NAV per unit ・ Total NAV>
August 30, 2024

NAV per100units
Total NAV (bil.)(Inception date) 2016/10/24～2024/08/30¥183,492¥222.3

NAV（ Yen）
380,000

Total NAV
（100Mil. Yen）
4,000
Total NAV(right axis)

340,000<Performance>
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
YTDSince Inception

300,000

Fund
Benchmark+2.8 %+2.8 %+2.5 %+2.5 %+5.8 %+5.9 %-2.9 %-2.8 %-7.7 %-7.2 %+2.3 %+3.2 %+0.5 %+0.7 %+34.2 %
+36.1 %

260,000

2,000

180,000

1,500

140,000

1,000

100,000

500

60,000Inception Date

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

Total:(21/09)(21/12)(22/03)(22/06)(22/09)(22/12)(23/03)(23/06)(23/09)(23/12)(24/03)(24/06)2,500

Benchmark220,000

The fund seeks to track the performance of theTokyo Stock Exchange REIT Total Return Index.

1st～18th
19th
20th
21st
22nd
23rd
24th
25th
26th
27th
28th
29th
30th
Total Distribution

3,000

NAV

<Investment Objective>

Fiscal Term （Year/month）

3,500

NAV (reinvested)

Distribtion¥28,170¥2,190¥1,140¥2,330¥1,130¥2,440¥1,110¥2,510¥1,140¥2,560¥1,200¥2,680¥1,220¥49,8201.
2.
3.

19/6/6

22/1/200
24/8/29

The Tokyo Stock Exchange REIT Total Return Index is the leading Index of Japanese REITs market
Listed on the Tokyo Stock Exchange and can be traded at market price intraday
Diversified exposure to Japanese real estate investment trusts market

Asset Allocation
AssetREITs
REIT Futures
Call Loan, Others
Total

Number Weight
58 98.0%
12.0%----2.0%59---Portfolio Holdings (Top10)
Issuer NameNIPPON BUILDING FUND
JAPAN REAL ESTATE INVESTMENTNOMURA REAL ESTATE MASTER FUND
JAPAN METROPOLITAN FUND INVESTKENEDIX OFFICE INVESTMENTGLP J-REIT
NIPPON PROLOGIS REITINVINCIBLE INVESTMENTDAIWA HOUSE REIT INVESTMENTADVANCE RESIDENCE INVESTMENTSector Allocation
SectorDiversifiedOffice
IndustrialResidential
RetailHotel / Resorts
Healthcare----Sector
OfficeOffice
Diversified
RetailDiversified
Industrial
Industrial
Hotel / Resorts
Diversified
Residential

Weight
29.3%
24.6%
19.1%
9.0%
8.3%
7.4%
0.3%

Weight
7.4%
5.8%
4.6%
4.5%
4.4%
4.3%
4.3%
3.4%
3.4%
3.1%

* 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 Tokyo Stock Exchange REIT 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
1488
Security CODE
1488 JP <Equity>
Bloomberg Ticker
1488 IV <Index>
iNAV Ticker
JP3048350007
ISIN CODE
1 unit (Effectively June 4th)
Trade Lot
https://api.ebs.ihsmarkit.com/inav/getfile?filename=1488.csv
PCF File

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

October 24, 2016
October 25, 2016
Tokyo Stock Exchage
JPYJapan15.5 (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. REITs Price Volatility (Price Volatility Risks, Credit Risks): The price of REITs will be affected by fluctuations due to market conditions, yield and financial conditions of REITs, andchanges in the regulations relating to REITs
2. Other risks: When the trust assets of the Fund are invested in money market instruments such as call loans and/or certificate s 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.

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 Fee

Nil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 0.1705% per annum (0.155% before tax).
2. The amount obtained by multiplying lending charges due to lending of REITs 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 Tokyo Stock Exchange REIT Index Trademarks with tax levied onthem can be borne by the unitholders, and can be paid from the trust assets.

(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. And REITs are traded on the market price, the expenses cannot be disclosed.
※Please see further details described under “Expenses and Taxes of the Fund” in the Prospectus.

Copyright of the index(1) The Tokyo Stock Exchange REIT Index Value and the Tokyo Stock Exchange REIT Index Marks are subject to the proprietary rights owned by JPX Market Innovation & Research, Inc. oraffiliates of JPX Market Innovation & Research, Inc. (hereinafter collectively referred to as "JPX") and JPX owns all rights and know-how relating to the Tokyo Stock Exchange REIT Index
such as calculation, publication and use of the Tokyo Stock Exchange REIT Index Index Value and relating to the Tokyo Stock Exchange REIT Index Marks.
(2) JPX shall reserve the rights to change the methods of calculation or publication, to cease the calculation or publication of the Tokyo Stock Exchange REIT Index Index Value or to change
the Tokyo Stock Exchange REIT Index Marks or cease the use thereof.
(3) JPX makes no warranty or representation whatsoever, either as to the results stemmed from the use of the Tokyo Stock Exchange REIT Index Index Value and the Tokyo Stock Exchange
REIT Index Marks or as to the figure at which the Tokyo Stock Exchange REIT Index Index Value stands on any particular day.
(4) JPX gives no assurance regarding accuracy or completeness of theTokyo Stock Exchange REIT Index Index Value and data contained therein. Further, JPX shall not be liable for themiscalculation, incorrect publication, delayed or interrupted publication of the Tokyo Stock Exchange REIT Index Index Value.
(5) No Licensed Product is in any way sponsored, endorsed or promoted by JPX.
(6) JPX shall not bear any obligation to give an explanation of the Licensed Product or advice on investments to any purchaser of the Licensed Product or to the public.
(7) JPX neither selects specific stocks or groups thereof nor takes into account any needs of the issuing company or any purchaser of the Licensed Product, for calculation the Tokyo Stock
Exchange REIT Index Value.
(8) Including but not limited to the foregoing, JPX shall not be responsible for any damage resulting from the issue and sale of the Licensed Product.

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 gains
and 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 be
determined, 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