News Release

Nomura Lists New ETF Designed to Track the Performance of the“MSCI Japan Empowering Women (WIN) Select Index” on TSETokyo, May 15, 2018— Nomura Asset Management Co., Ltd. (NAM), the core company within
the Asset Management Division of the Nomura Group, today listed the NEXT FUNDS MSCIJapan Empowering Women Select Index Exchange Traded Fund on the Tokyo Stock Exchange(TSE).
The new exchange traded fund (ETF) is designed to track the performance of the “MSCI Japan
Empowering Women (WIN) Select Index,” and further expands the range of products thecompany provides.
The MSCI Japan Empowering Women (WIN) Select Index is a stock price index developed by
MSCI Inc. and comprises leading Japanese companies that promote gender diversity.
Companies that foster diversity and actively encourage women’s participation in the workplace
are better able to respond to changes in the environment and better positioned to achievesustainable earnings growth over the long term. The index also selects companies based onsuch factors as sales and capital expenditure, which contribute to company growth.
A listing ceremony was held today at the TSE. Commenting on the listing, Ms. Junko Nakagawa,
Executive Managing Director of Nomura Asset Management, said: “Given the shrinking
Japanese population, we expect women to play an increasingly important role in the labormarket and help revitalize the Japanese society. We believe greater women’s participation will
drive Japanese economic growth, and are pleased to have successfully launched an ETF thatcomprises the stocks of companies promoting gender diversity. We will continue to support
companies that encourage women to play an active part in the workplace.”
The listing is a part of Nomura’s NEXT FUNDS range, and brings the total to 59.
† “NEXT FUNDS” is the brand name for the ETF product range of Nomura
Asset Management Co., Ltd., representing “Nomura Exchange TradedFunds”.

ends

NomuraNomura is an Asia-headquartered financial services group with an integrated global network spanning over 30
countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates andgovernments through its four business divisions: Retail, Asset Management, Wholesale (Global Markets andInvestment Banking), and Merchant Banking. Founded in 1925, the firm is built on a tradition of disciplined
entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information
about Nomura, visit www.nomura.com

Disclaimer of " MSCI Japan Empowering Women (WIN) Select Index "The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI
bears no liability with respect to any such funds or securities or any index on which such funds orsecurities are based. The Prospectus contains a more detailed description of the limited relationship MSCI
has with NOMURA ASSET MANAGEMENT CO., LTD and any related funds.
Disclaimer of Nomura Asset Management
The contents of this material are based on an English translation of a Japanese announcement made on
May 15, 2018 by Nomura Asset Management Co., Ltd. Whilst every effort has been made to translate theJapanese document into English, the accuracy and correctness of this translation are not guaranteed,
therefore please refer to the original Japanese document.
Please note that the information contained in this document is for reference purposes only and does notconstitute an offer to sell or the solicitation of an offer to buy securities by Nomura Asset Management
Co., Ltd. to any person in Japan and does not constitute a distribution, an offer to sell or the solicitation of
an offer to buy any securities or provide any services in any jurisdiction in which such distribution or offer
is not authorized.
Furthermore, none of the shares of the Fund have been or will be registered under the United States
Securities Act of 1933, as amended (“1933 Act”), or under the securities laws of any state or politicalsubdivision of the United States of America or any of its territories, possessions or other areas subject toits jurisdiction including the Commonwealth of Puerto Rico (the “United States”). The Fund has not been
and will not be registered under the United States Investment Company Act of 1940, as amended, norunder any other US federal laws.
Accordingly, the information in this document is not made or directed to any person in the United States
and under no circumstance shall the provision of the information on this document be deemed toconstitute an offer of securities or an offer to provide any services to any person in the United States or to
any U.S. Person as the term is defined under 1933 Act.
Furthermore, the information in this document is not made or directed to any person in the United
Kingdom and under no circumstances shall the provision of the information in this document be deemed toconstitute an offer of securities or an offer to provide any services to any person in the United Kingdom.

Disclosures required in Japan
Registered Company Name: Nomura Asset Management Co., Ltd.
Registration Number: Director of the Kanto Local Financial Bureau (Financial instruments firms) No. 373
Member Associations: The Investment Trusts Association, Japan; Japan Securities Investment Advisers
Association; Type II Financial Instruments Firms Association
This document is issued for reference purposes to explain the outline of "NEXT FUNDS MSCI Japan
Empowering Women Select Index Exchange Traded Fund" (“Fund”) and does not constitute disclosurematerial based on the Financial Instruments and Exchange Law. Moreover, this document is not in any
way intended to be an investment solicitation. Before investing in the Fund, prospective investors shouldcarefully read the “Securities Registration Statement”, “the Prospectus”, and the “Document Prior toConclusion of Contract” under your own responsibilities and based on your own judgment.
Nomura Asset Management Co., Ltd. does not directly handle order requests for the Fund from investors.
To invest in the Fund, it is necessary to open an account with a nearby Type-1 financial instruments

business provider (securities firm) that handles ETFs and make a request to the broker.
Since the Fund invests primarily in securities and future contracts, there is a risk that the market price ofsuch securities or the NAV per unit of the Fund could decline and cause an investment loss due to adecline in the stock price index, a price decline in securities comprising the index, the bankruptcy of astock issuer, or deterioration in the financial conditions of an issuer, in addition to other market factors.
AN INVESTOR’S PRINCIPAL IS THEREFORE NOT GUARANTEED.
AN INVESTOR SHALL BEAR THE FOLLOWING COSTS WHEN INVESTING IN THE FUND.
Trading Fee
Trading of the Fund incurs brokerage commission fees set by a Type-1 financial instruments businessprovider (securities firm) that handles the transaction. These commissions are separate from the actual
transaction value. (Because the commissions charged by each securities firm differ, it is not possible tospecify a maximum amount.)
Management Fees
The amount of management fees will be an amount calculated according to (I) below plus that calculated
according to (II) below daily during the Fund calculation period.
(I) The management fee will be a percentage of the Fund's total net assets no larger than 0.162% (0.15%exclusive of taxes) annually (the percentage will be at 0.162% [0.15% exclusive of taxes] as of May 14,2018).
(II) Not more than 43.2% (40% exclusive of taxes) of loan fees when securities are lent. This will be
divided in a ratio of 80 to 20 between the manager and the trustee.
An investor shall bear the management fees above according to the holding period. These amounts will be
paid out of trust assets and they are the costs indirectly paid by an investor during an investor’s holdingperiod.
Other Expenses
The taxes involved in the Fund, various handling costs for the trust business, the interests for the fundpaid by the trustee, brokerage commission fees for transactions in the securities comprising the Fund,various expenses such as audit fees, listing fees for the Beneficiary Interests, and fees for use ofbenchmark index trademarks, and the sales taxes for each fee. These expenses are paid out each time
during an investor’s holding period. These amounts will be paid out of trust assets and they are the costs
indirectly paid by an investor during an investor’s holding period.