NEXT FUNDS TOPIX BANKS
Exchange Traded Fund

1615

Monthly Report(Open-ended Investment Trust, Domestic, Equity, ETF, Index Type)as of Aug-30-2024■Objective of the Fund

Fund Profile

The Fund’s objective is to track the investment performance of its benchmark index, the TOPIX Banks.

Inception Date：
Apr-2-2002
Listing Date：
Apr-3-2002
Stock Exchange：
TOKYO
Trust Term：
Unspecified
Board Lot：
100 units
Fiscal year end：
Jul-15
Bloomberg：
1615 JP <Equity>(iNAV)
1615IV <Index>
ISIN：
JP3040170007
SEDOL：
6520449
PCF：
Available■TOPIX BANKSTOPIX Banks is a stock market index for the banking industry, which is one of the 33 TOPIX sectorsthat comprise TOPIX (Tokyo Stock Price Index). It is a free-float adjusted market capitalizationweighted stock price index calculated in the same manner as TOPIX.

■Performance History
Change in NAV
70,0001,400

NAV per unit (dividend re-invested)
NAV per unit
（left axis）
Benchmark Index

60,00050,0001,000
800

30,000600
Total Net Assets（right axis）

400

10,000200bil.

NAV per 100 Units¥32,297

1,200

40,00020,000Total Net Assets¥169.5(Daily)(billions of yen)

（yen/point）

Dividend(before Tax, per 100 units)

Jul-2024
Jul-2023
Jul-2022
Jul-2021
Jul-2020
Since Inception

¥911
¥666
¥613
¥403
¥580
¥8,759・The dividend amount paid does not suggest or

0
02/04

ReturnNAV per unit
（Dividend re-invested）

0
05/04

08/04

11/04

14/04

17/04

20/04

guarantee the future level of dividends.
・As a general rule, the full amount of dividends and other

23/04

1
month

3
months6months

1
year

3
years

Since
Incep.

income arising from the trust assets are distributed after-11.9%

-8.3%

5.8%

32.5%

143.8%

167.0%

profits are realized from the sale of individual stocks, no(Since Inception 4/2/2002)

deduction of expenses. However, there may be no
dividends payable in some circumstances. Even if any
dividends shall be paid.

・Value of the benchmark index is converted based on the NAV of 19,888 on the inception date.
・The price movement and return rate of the NAV (dividend re-invested) is calculated based on the Fund value after deduction of themanagement fee, and based on the assumption that the dividends before taxes are re-invested. Therefore, the actual performance of theFund will vary depending upon the tax status of the investor. Also, expenses and taxes when liquidating the Fund are not considered.
・For each calculation period of the return rate, last business day of the month is used.

■Fund Composition
Sector Allocation(% of NAV)

Total

99.9%
0.0%
99.9%

BANKS
OthersAsset Allocation
Common Stocks
Call Loan,Others(Index Futures

MITSUBISHI UFJ FINANCIAL GROUP,INC.
SUMITOMO MITSUI FINANCIAL GROUP,INC.
MIZUHO FINANCIAL GROUP,INC.
JAPAN POST BANK CO.,LTD.
SUMITOMO MITSUI TRUST HOLDINGS,INC.
RESONA HOLDINGS, INC.
CONCORDIA FINANCIAL GROUP,LTD.
THE CHIBA BANK,LTD.
FUKUOKA FINANCIAL GROUP,INC.
KYOTO FINANCIAL GROUP,INC.
Total

Portfolio Characteristics
Dividend Yield (Annually)

3.1%

・Dividend yield is calculated by calculating the weighted
average of the dividend yield of the constituent stocks
using the incorporation ratio (pre-taxed, on an actual
dividend base) .

Top 10 Holdings
8306
8316
8411
7182
8309
8308
7186
8331
8354
5844

99.9%
0.1%-）

Sector
BANKS
BANKS
BANKS
BANKSBANKS
BANKS
BANKS
BANKS
BANKS
BANKS

(% of NAV)
31.7%
22.8%
13.8%
5.1%
4.4%
4.0%
1.5%
1.2%
1.1%
1.0%
86.5%

Number of Holdings：
78

・Sector references are based on the TSE 33 Sector Classification.

Please read the "Notifications" on the following page when utilizing this material.

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NEXT FUNDS TOPIX BANKS
Exchange Traded Fund

1615

(Open-ended Investment Trust, Domestic, Equity, ETF, Index Type)

Monthly Report
as of Aug-30-2024■Investment Risks
Because this Fund invests in stocks that are included or are due to be included in the TOPIX Banks Index, the NAV of the Fund can fall, influenced by factors such as drops
in the constituent stock price, default or a material deterioration in financial conditions of those constituent issuers, and other market factors, etc. Investment principal istherefore not guaranteed, and investors may incur a loss because of a drop in the market price or the NAV. The investment trust is therefore different from a savings
deposit.
※ For further information, please refer to the “Investment Risks” section of the summary prospectus. The prospectus is available on our website.

■Commissions and Fees Related to the Fund
Direct Expenses(Expenses borne directly when dealing through the stock exchange)
Trading Fee :Trading of the Fund incurs brokerage commission fees set by a first financial instruments business provider (securities firm) that handles the transaction.
(Expenses borne directly for creation or exchange of units)
Creation Fee : Set independently by the distributing company
Redemption Fee (Amount to be Retained in Trust Assets) : None
Exchange Fee : Set independently by the distributing company*Trading fee, creation fee, and exchange fee above vary depending on the setting of the distributing companies, so details of rates and upper limits cannot be provided ahead of time.

Indirect Expenses Paid out of Trust Assets
Management Fee :The total amount of the management fee is the sum of the following two items:(i)The amount obtained by multiplying the daily total net assets of the Fund by the annual management fee rate of not more than 0.242% (0.22% exclusive of taxes)(0.209% (0.19% exclusive of taxes) as of March 27, 2024).
(ii)When the Fund lends stocks, an amount obtained from no more than 44% (40% exclusive of taxes) of the rental fee which accrues on a daily basis.
Sum of the amount (exclusive of taxes) calculated by the method stated in (i) above and the amount (exclusive of taxes) calculated by the method stated in (ii) above
shall not exceed the amount obtained by multiplying the total net asset value of the trust assets by a rate of 0.22% per annum, less the expenses pertaining to thelisting of the Fund that are borne by the investors, as well as, the annual fees for use of trademarks pertaining to the benchmark index that are also borne by theinvestors.
Other Fees and Commissions :Annual Fees for Use of Stock-price Index Trademarks (as of March 27, 2024)
A percentage of not more than 0.0165% (0.015% exclusive of taxes) of the Fund’s total net assets
Fund Listing Expenses (as of March 27, 2024)
・Listing fee: 0.00825% (0.0075% exclusive of taxes) of amount of increase at time of additional listing (amount of increase from the total net assets at year-end
calculated as largest of the total net assets at time of initial listing and end of the year and at end of each subsequent year up until the year before the additionallisting).
・Annual listing fee: Maximum of 0.00825% (0.0075% exclusive of taxes) of the total net assets at year-end.
Brokerage Commission on Transactions in Portfolio Securities, Costs Paid to Auditors for Fund Audits, and Tax Related to the Fund, etc.
* These expenses and fees above are paid out of the trust assets when they are incurred.
(These expenses and fees vary according to management and other conditions, so details of rates and upper limits cannot be provided ahead of time.)* Total fees and other expenses will vary according to how long an investor holds the Fund, so they cannot be estimated ahead of time. For further details, please refer tothe "Fund Costs and Taxes" section of the prospectus .

■About the copyright of the TOPIX Banks■
The TOPIX Banks and TOPIX Index Value and the TOPIX Banks and TOPIX Marks are subject to the proprietary rights owned by JPX Market Innovation & Research, Inc. or affiliates of JPX MarketInnovation & Research, Inc. (hereinafter collectively referred to as "JPX") and JPX owns all rights and know-how relating to TOPIX Banks and TOPIX such as calculation, publication and use of the TOPIX
Banks and TOPIX Index Value and relating to the TOPIX Banks and TOPIX Marks. JPX shall not be liable for the miscalculation, incorrect publication, delayed or interrupted publication of the TOPIX Banksand TOPIX Index Value. No Licensed Product is in any way sponsored, endorsed or promoted by JPX, and JPX shall not be responsible for any damage resulting from the issue and sale of the LicensedProduct.

Management Company : Nomura Asset Management Co., Ltd.

Trustee : The Nomura Trust and Banking Co., Ltd.

( The party who instructs the management of the Fund )( The party who acts as a custodian and administrator )Notifications
The Fund invests in securities for which prices may fluctuate (in the case of foreign assets, the Fund may also involve foreign exchange risk), therefore the NAV may fluctuate. The investor’s principal istherefore not guaranteed. All profits and losses arising from the management of the fund are attributable to the investor. Furthermore, all statements, figures, graphs, and other information included inthis report are as of the date of this report and the contents of this report are not intended in any way to indicate or guarantee future investment results. This report was prepared by Nomura AssetManagement Co.,Ltd. for information purposes only. Investors wishing to subscribe to the creation of the Fund units, should please make sure that they have read and understood the contents of theprospectus and make an appropriate decision based on their own circumstances.
Product-related information on this report is directed only at persons within Japan andLaunched and managed byDirector of Kanto Local Finance Bureau (Financial Instruments Firms) No.373
Membership: The Investment Trusts Association, Japan/ Japan Investment Advisers Association/
Type II Financial Instruments Firms Association

not directed at nor is it intended for distribution to, or use by, persons in any
jurisdiction in which the investment products are not authorized for distribution or inwhich the dissemination of information regarding the investment products is notpermitted.

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