PRESS RELEASEMARCH 7, 2016

NIKKO ASSET MANAGEMENT CO., LTD.

Nikko Asset Management Wins Best Asia Pacific Equity ETF
Manager Award
Nikko Asset Management was voted as the Best Asia Pacific Equity ETF Manager for the sixth time in sevenyears in a survey conducted by ETF Express, an industry-leading financial publisher, the Tokyoheadquartered asset manager announced today.
Nikko Asset Management has been the most consistent winner in any category, with more than 1,600
subscribers of ETF Express taking part in the survey. The firm’s ETF assets sharply rose to USD26.1 billion,with inflows of USD7.1 billion in 2015.
“We’ve seen a year of significant interest in our ETF products and strong inflows,” said Geoffrey Post, Headof International Product Development at Nikko Asset Management Europe. “ In 2016 we will continue toexpand our ETF offerings as investor demand for exposure to Asia grows.”
In December the company launched their new smart beta product1 on the Tokyo Stock Exchange, the Listed
Index Fund MSCI Japan High Dividend Low Volatility ETF. The ETF is linked to a customised MSCI index
designed to deliver high dividends at lower rates of volatility.
“As requirements from institutional and retail investors become increasing sophisticated, we havebroadened – and will continue to expand – our ETF line-up to meet their needs,” said Koei Imai, Head of theETF Centre at Nikko Asset Management. “This new ETF has been popular with institutional investors that are
rotating out of low yielding sovereign bonds in search of yield.”
ETF Express surveys the best ETF managers in their respective asset class, recognising managers based on
product innovation, performance, consistency, expert knowledge and transparency. Results are centred ona “peer review system” that sees investors, managers, advisers and distributors and other industry
participants nominate winners for each category. Firms are then subject to a final review by the ETF Express
editorial team before the winners are named.
For further information, please visit the following websites.
Nikko Asset Management’s ETF Center: http://en.nikkoam.com/etf
ETF Express: http://www.etfexpress.com
GFM’s official website: http://www.globalfundmedia.com

This award is based on past performance and does not guarantee future investment performance.
– ENDS –1Unlike traditional index funds that track the entire market, a smart beta fund aims to assemble a strategic stock selection based on specific factors.

Note: This material below is an English translation of a Japanese announcement of the Listed Index Fund MSCI Japan
High Dividend Low Volatility ETF made on November 11, 2015. Although Nikko AM intended to faithfully translate
the Japanese document into English, the accuracy and correctness of this translation are not guaranteed and thus
you are encouraged to refer to the original Japanese document.
Please note that you cannot purchase any products mentioned in this press release if you are not a Japanese
resident or if you hold nationality of a country where there are legal restrictions on their ownership. The informationreferred to in this press release is for Japanese residents only. The information provided is designed for use byJapanese residents only and should not be relied on by residents of any other jurisdiction.

Listed Index Fund MSCI Japan High Dividend Low Volatility ETF■Fund Outline for Exchange Trading
Open-end investment trust / Domestic / Equity / ETF / IndexProduct Typetype
Listed ExchangeTokyo Stock Exchange
Date Listed
December 1, 2015
Security code
1399
Trading Unit at the10 units
Exchange
Trust Period
Unlimited (Launch date: November 30, 2015)
Closing Date
8th of January, April, July, and October (every year)
In principle, all revenue from dividends, etc., arising from thetrust assets will be paid as dividends, after deducting expenses,Dividendsetc.
*The payment of future dividends and dividend amounts
cannot be guaranteed.
■ Outline of Fees, etc.
Investors must bear the following expenses:＜Fees charged at the time of trading at the Exchange＞
Trading Fees: Fee as determined by the distributor. Inquire with the distributor for details.
＜Fees and expenses charged indirectly through the trust assets (i.e. paid by the Fund)＞Trust Fees:
An amount no greater than the fund's net asset value multiplied by 0.378% (pre-tax0.35%) per annum as calculated on a daily basis.
Other Expenses: Expenses for creating and delivering prospectuses, accounting expenses (including
outsourcing fees), audit costs, listing fees and index royalties, will be paid out of thefund's trust assets with an amount reached by multiplying an annual rate of no greaterthan 0.1% on the fund's daily net asset value.
Brokerage commissions on securities in the portfolio, interest on advances, and fees
related to securities lending are paid out of the fund's trust assets each time they areincurred (in the case of securities lending, the amount reached by multiplying 0.54* (0.5before tax) on the lending fee).
*The rate or maximum amounts applicable to brokerage commissions on securities in
the portfolio and other expenses cannot be disclosed in advance because the actual
amount will vary depending on the state of the assets managed.
* The total amount of fees charged to the fund will vary depending on the length of investment period
and other factors. Therefore, we cannot give a specific total.
* For more detail, please refer to the investment trust explanatory document (prospectus distributed inadvance of subscription).

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■ Fund Outline[This is applicable to direct subscriptions and redemptions of the fund, and not applicable to thoseinvestors who trade on the exchange.]
Subscription Cut-offTimeTrading Value
Trading Unit
Conversion Value
Conversion Unit:

In principle, it shall be no later than 3:00 p.m. on any business
day of the distributor.
*Deadlines may vary, therefore please contact your distributor
for more details.
NAV as of the business day following the application date.
The integer multiple of the NAV of the day the acquisition
application was received minus the market value of the unit
stock.
NAV on the day the redemption application is received
The minimum number of units that can be requested forconversion is the integer multiple of the number of units
determined by the asset manager.

＜Fees charged at the time of acquisition and conversion＞
Subscription Fees: Fee as determined by the distributor. Inquire with the distributor for details.
Furthermore, an amount equivalent to the consumption tax levied on said fees will
be included.
Conversion (physical exchange) Fees: When a beneficiary places a conversion request or purchases
beneficiary rights, the distributor may collect fees that it has determined as well as
the amount equivalent to the consumption tax levied on said fees. * Inquire with thedistributor for details.
Amount Retained in Trust Assets: Not applicable.
＜Fees and expenses charged indirectly through the trust assets (i.e. paid by the Fund)＞Trust Fees:
An amount no greater than the fund's net asset value multiplied by 0.378% (pre-tax0.35%) per annum as calculated on a daily basis.
Other Expenses: Expenses for creating and delivering prospectuses, accounting expenses (including
outsourcing fees), audit costs, listing fees and index royalties, will be paid out of thefund's trust assets with an amount reached by multiplying an annual rate of no greaterthan 0.1% on the fund's daily net asset value.
Brokerage commissions on securities in the portfolio, interest on advances, and fees
related to securities lending are paid out of the fund's trust assets each time they are
incurred (in the case of securities lending, the amount reached by multiplying 0.54* (0.5before tax) on the lending fee).
*The rate or maximum amounts applicable to brokerage commissions on securities in
the portfolio and other expenses cannot be disclosed in advance because the actual
amount will vary depending on the state of the assets managed.
* The total amount of fees charged to the fund will vary depending on the length of investment period
and other factors. Therefore, we cannot give a specific total.
* For more detail, please refer to the investment trust explanatory document (prospectus distributed inadvance of subscription).

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 Risk Information
Invested principal is not guaranteed and may incur losses where the value of your investment principal will
fall below par as the result of a decline in the NAV. All gains and losses from the management of the fundbelong to the investor (beneficiary). This fund also differs from bank deposits.
Stocks are the main investment instrument of this fund. Thus, decreases in the prices of stocks, as well as
declines in the financial standing of bond issuers or their earnings, can cause drops in the NAV that may
incur losses.
[Price Fluctuation Risk] [Liquidity Risk] [Credit Risk][Securities Lending Risk]

Factors for NAV fluctuation are not limited to those explained above.
■ Other Matters to Consider
 These materials were prepared for the purpose of providing information on “Listed Index Fund MSCIJapan Equity High Dividend Low Volatility” offered by Nikko Asset Management and promoting
investors’ understanding of this fund.
 The provisions stipulated in Article 37-6 of the Financial Instruments and Exchange Act (the cooling-offperiod) do not apply to transactions of the fund.
 Unlike bank deposits or insurance policies, investment trusts are not protected by the Deposit Insurance
Corporation or the Insurance Policyholders Protection Corporations. In addition, when purchased fromregistered financial institutions such as banks, investment trusts are not eligible for payments from theJapan Investor Protection Fund.
 Any profit or loss derived from the management of investment trusts belongs to all the beneficiaries.
Please read the related contract prior to investing in the funds.
■Management Company and Other Related Companies
Management Company:
Nikko Asset Management Co., Ltd.
Trustee:
Sumitomo Mitsui Trust Bank, Limited (Sub-Trustee: Japan Trustee Services
Bank, Ltd.)
Distributor:
Please contact below to inquire about distributors.
Nikko Asset Management Co., Ltd.
Website: http://www.nikkoam.com/Call Center: 0120-25-1404 (9a.m. – 5p.m., excluding Saturdays, Sundays andpublic holidays)

4■MSCI Japan IMI Custom Liquidity and Yield Low Volatility Index
This Fund is not supported, sold, or promoted by MSCI Inc. (hereinafter referred to as the "MSCI"), itsaffiliated companies, information provider, and other third parties who were involved or related in edit,
calculation, or creation of MSCI index (hereinafter referred to as the "MSCI related companies"). MSCI index
is an exclusive property of MSCI. Name of MSCI and MSCI index is a service mark of MSCI and its affiliatedcompanies, and Nikko Asset Management Co., Ltd. has been licensed to use it for a specific purpose. MSCI
related companies make no representation or warranty, expressed or implied, to the owners or issuing
company of the Fund or any other members or organizations regarding the suitability of investing in funds
generally or in the Fund particularly or the ability of MSCI index to track return of the corresponding stockmarkets. MSCI or its related companies are licensers of MSCI index which were determined, edited,
calculated by MSCI regardless of specific trade marks, service marks or names, and the Fund or issuing
company, owner and other members or organizations of the Fund. MSCI related companies are notresponsible for considering the requests of issuing company or owner of the Fund, or other members ororganizations when determining, editing and calculating MSCI index. MSCI related companies are notresponsible for or has participated in the determination of the timing of, price at, or amount of the Fund to
be issued or in the determination or calculation of the equation by which the Fund to be converted intocash. MSCI related companies are not under any obligation to or take responsibility for the issuing
company or owner of the Fund, or other members or organizations regarding management, marketing, orsubscription of the Fund.
MSCI obtains information required for calculation and use of MSCI index from the sources they think arereliable. MSCI related companies do not guarantee of the originality, accuracy or completeness of MSCI
index or its data included. MSCI related companies do not guarantee, expressed or implied, the result
obtained by the use of MSCI index or its data included by the issuing company or owner of the Fund orother members or organizations. MSCI related companies are not responsible for error, omission ordiscontinuation of MSCI index or its data included. MSCI related companies do not guarantee, expressedor implied, the accuracy of MSCI index and its data included. MSCI related companies expressly disclaim all
the warranty regarding the suitability of market characteristics or special purpose concerned. Withoutlimiting any of the foregoing, MSCI related companies are not responsible for any direct, indirect, special,punitive, or consequential damages, and all other damages (including lost gains), even if notified of thepossibility of such damages.
No purchasers, distributors or owner or other members or organizations of the Securities, the Product, orthe Fund can use or mention MSCI's name, trademark or service mark for the purpose of sponsor,endorsement, sales, or sales promotion of the Securities without asking MSCI beforehand whether MSCI’sapproval is required. Members or organizations cannot mention the relationship with MSCI without obtainwritten approval from MSCI beforehand.

5About Nikko Asset Management
Nikko Asset Management is positioning itself to be Asia’s premier global asset manager. The firm offers
world-class asset management solutions for global investors, and has US$153.7 billion (18.49 trillion yen) inassets under management*. With more than 200 investment professionals**, the firm leverages its
extensive global resources representing over 30 nationalities across 11 countries. Headquartered in Asia forover 55 years, Nikko Asset Management’s vantage point, extending east to west, distinguishes its
investment approach.
For more information, please visit http://en.nikkoam.com/* Consolidated assets under management and sub-advisory of Nikko Asset Management and its subsidiaries
as of December 31, 2015.
** As of December 31, 2015, including employees of Nikko Asset Management and its subsidiaries.
.
Nikko Asset Management Co., Ltd.
Registration Number: Director of the Kanto Local Finance Bureau (Financial instruments firms) No. 368
Member Associations: The Investment Trusts Association, Japan/Japan Investment Advisers Association/
Japan Securities Dealers Association6