ベアリングスの概要
2023年8月
ベアリングス・ジャパン株式会社
金融商品取引業者：関東財務局長（金商）第396号
加入協会：一般社団法人日本投資顧問業協会
一般社団法人投資信託協会

23-2701217

会社概要

マスミューチュアルを親会社とするベアリングスは、グローバルに運用を手掛ける資産運用

ベアリングスとは会社であり、差別化された投資機会をご提供するとともに、パブリックおよびプライベート
債券、不動産ならびにスペシャリスト株式市場に亘るポートフォリオを構築します。

運用資産残高の顧客所属地域別内訳1

30%
43%

27%
グローバル本社

運用拠点

米国

その他拠点

アジア・パシフィック

EMEA

3,519億米ドル超

1,200超1,800名超運用資産残高

外部顧客数

グローバルに配置されているプロフェッショナル数

1. サードパーティおよび外部顧客の運用資産残高のみ
2023年6月末現在、米ドルベース、四捨五入のため合計が100とならない場合があります
For investment professionals only2

パブリック

プライベート1,883億米ドル

802億米ドルパブリック債券 1

運用資産残高プライベート・クレジット

116億米ドルグローバルにおける投資能力

473億米ドルベアリングスは、パブリックおよびプライベート

58億米ドルパブリック株式 2

市場における深く広範囲に亘る専門性を不動産 3

プライベート・エクイティ

活用し、お客様の進化する投資ニーズの達成を支援します。

51億米ドルキャピタル・ソリューションズ 4

1. 運用資産残高合計29億米ドルの韓国債券戦略を除く
2. 運用資産残高83億米ドルの韓国株式戦略を除く
3. 見込みベースの運用資産残高。関連する債券ポートフォリオの一部に投資される不動産デットを含む
4. キャピタル・ソリューション専用アカウントおよびベアリングスBDCに代わる投資のみ。他のクロス・プラットフォーム・ポートフォリオの運用資産残高は除く
2023年6月末現在、米ドルベース。上記には、22億米ドルの運用資産残高を有するマルチアセット戦略は含まず
For investment professionals only3

従業員リソース・グループ

ベアリングスのコミットメント

ダイバーシティ、
エクイティ&
インクルージョン
女性ネットワーク

ベテランズ・ネットワーク（米）

アウト&アライブラック・ネットワーク

ベアリングスでは、従業員が最大の資産です。そのため、私た
ちのダイバーシティ、エクイティ&
インクルージョン（多様性、公パートナーシップ & コミットメント

平性、包括性）における使命
は、誰もが成功可能な公平かつ包括的な環境の育成にあります。

For investment professionals only

4

会社概要

ベアリングスとは
マスミューチュアル・フィナンシャル・グループ• 3,519億米ドル超の運用資産を擁する
グローバルな資産運用会社• パブリックおよびプライベート市場における専ベアリング・アセット・
マネジメント・リミテッド

バブソン・キャピタル・
マネジメント・LLC

オッペンハイマー・
ファンズ

グローバル株式/債券
マルチアセット

グローバル債券
プライベート・クレジット/エクイティ
マルチアセット

グローバル株式/債券

門知識をご提供• お客様の多様なニーズを理解し、それに見合う革新的な投資ソリューション
を提供することにより、お客様との強固なパートナーシップを確立• シャーロット、シカゴ、シンガポール、

コーナーストーン・リアルエステート・
アドバイザーズ・LLC

ウッド・クリーク・キャピタル・マネジメント・
LLC

不動産投資：
不動産デット・株式（上場、プライベート）

実物資産：
有形資産、無形資産

ロンドン、東京、シドニー等に主要運用拠点を置き、グローバルなプレゼン
スを維持

3,519億米ドル超の運用資産
2023年6月末現在
For investment professionals only

5

会社概要

ベアリングス・ジャパン株式会社◼

経営理念• お客様への最善の利益のご提供• 社会への貢献• 社員の専門性と倫理観の向上◼

代表取締役社長：華 文傑◼

資本金： 2億5千万円◼

役職員数： 36名（非常勤役員、派遣・契約社員等を含む）◼

主要株主： ベアリング･アセット･マネジメント（アジア）・ホールディングス・リミテッド（100%）◼

母体企業： ベアリングスLLC （米国）

会社沿革

◼

日本における運用受託資産残高1：14,279億円

1982年 1月

東京駐在員事務所開設

1986年 1月

日本法人として発足

1987年 2月

関東財務局に投資顧問業者として登録

1987年 6月

投資一任契約業認可取得

1991年 9月

外資系投資顧問会社として日本で初めて国内年金（厚生年金基金) と契約

1995年11月

投資信託委託業認可取得

1996年 1月

国内投信を初設定

2007年 9月

投資運用業、投資助言・代理業の登録

2009年 6月

第二種金融商品取引業の登録

2016年9月

マスミューチュアル・フィナンシャル・グループ傘下のバブソン・キャピタル・マネジメ
ント・LLC、ベアリング・アセット・マネジメント・リミテッド、コーナーストーン・リア
ルエステート・アドバイザーズ・LLC、ウッド・クリーク・ キャピタル・マネジメント・
LLC が経営統合し、新ベアリングスが誕生

2017年10月

新ベアリングスの日本法人 3 社、ベアリング投信投資顧問（株）、ベアリン
グス・アドバイザーズ（株）、Barings Real Estate Advisers Japan（株）が事業統合し、商号をベアリングス・ジャパン株式会社に変更

（内訳）
投資信託2
投資一任契約（年金等）3
うち年金顧客投資助言契約
海外直接契約4◼

878億円
3,693億円
3,389億円
6,327億円
3,381億円（32件）

2021年、ベアリングス・ジャパンはそらべあ基金の活動に協賛し、2021年登録サポーターとなりました。
そらべあ基金は再生可能エネルギーの普及啓発と環境教育を行うNPO法人です。

1. 小数点以下第1位を四捨五入しているため、内訳の合計と一致しない場合があります。
2. 投資一任契約で投資信託へ投資している場合は、投資一任契約の運用受託資産として計上しています。
3. 投資一任契約には、ベアリングス・ジャパンがベアリングスの海外拠点にサービスを提供しているものが含まれます。
4. 海外直接契約は、日本のお客様がベアリングスの海外拠点と直接締結している運用委託契約を指します。
2023年6月末現在
会社沿革は経営統合における存続会社であるベアリング投信投資顧問（株）の沿革を記載
For investment professionals only

6

組織図

ベアリングス・ジャパン株式会社
株主総会
監査役
取締役会
取締役会長
業務委員会

代表取締役社長

エグゼクティブ・アドバイザー

リスク管理委員会
運用考査委員会

運用本部
3名

営業本部
9名*

管理本部
1名

情報システム部
3名

経理部
2名

業務管理部
12名***

総務部
1名*****営業本部長1名を含む**法務・コンプライアンス部2名は経営企画室を兼務***管理本部長1名を含む****業務委託社員
2023年6月末現在
For investment professionals only

7

法務・コンプライアンス部
2名**

経営企画室
2名**

人事部
1名

重要情報Any forecasts in this document are based upon Barings opinion of the market at the date of preparation and are subject to change without notice, dependent upon
many factors. Any prediction, projection or forecast is not necessarily indicative of the future or likely performance. Investment involves risk. The value of any
investments and any income generated may go down as well as up and is not guaranteed. Past performance is no indication of current or future performance. PASTPERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Any investment results, portfolio compositions and or examples set forth in thisdocument are provided for illustrative purposes only and are not indicative of any future investment results, future portfolio composition or investments. The
composition, size of, and risks associated with an investment may differ substantially from any examples set forth in this document. No representation is made that an
investment will be profitable or will not incur losses. Where appropriate, changes in the currency exchange rates may affect the value of investments. Prospective
investors should read the offering documents, if applicable, for the details and specific risk factors of any Fund/Strategy discussed in this document.

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relied on by Retail / Individual Investors.
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Limited, Baring Asset Management Limited, Baring International Investment Limited, Baring FundManagers Limited, Baring International Fund Managers (Ireland) Limited, Baring Asset Management(Asia) Limited, Baring SICE (Taiwan) Limited, Baring Asset Management Switzerland Sàrl, Baring AssetManagement Korea Limited, and Barings Singapore Pte. Ltd. each are affiliated financial service
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Target performance is theoretical and illustrative only, and does not reflect actual performance. There is
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The distribution of this document is restricted by law. No action has been or will be taken by Barings topermit the possession or distribution of the document in any jurisdiction, where action for that purpose
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would be contrary to law or local regulation.

INFORMATION:
Barings is the brand name for the worldwide asset management or associated businesses of Barings. This
document is issued by one or more of the following entities:
Barings LLC, which is a registered investment adviser with the Securities and Exchange Commission(SEC) under the Investment Advisers Act of 1940, as amended (Barings LLC also relies on section 8.26 of
NI 31-103 (international adviser exemption) and has filed the Form 31-103F2 in Ontario, Quebec, British
Columbia, Alberta, Nova Scotia, Manitoba, New Brunswick, Newfoundland and Labrador, Prince Edward
Island and Saskatchewan);
Barings Securities LLC, which is a registered limited purpose broker-dealer with the Financial Industry
Regulatory Authority (Baring Securities LLC also relies on section 8.18 of NI 31-103 (international dealer
exemption) and has filed the Form 31-103F2 in Ontario, Quebec, British Columbia, Alberta, Nova Scotia,
Manitoba, New Brunswick, Newfoundland and Labrador, Prince Edward Island and Saskatchewan);
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Kingdom (Ref No. 194662) and is a Company registered in England and Wales (No. 03005774) whose
registered address is 20 Old Bailey, London, EC4M 7BF.

2023年6月末現在
For investment professionals only

9

重要情報
Baring Asset Management Limited, which is authorized and regulated by the Financial Conduct Authority
in the United Kingdom (Ref No. 170601) and is a Company registered in England and Wales (No.
02915887) whose registered address is 20 Old Bailey, London, EC4M 7BF; Baring International
Investment Limited, which is authorized and regulated by the Financial Conduct Authority in the United
Kingdom (Ref No. 122628), and is a Company registered in England and Wales (No. 01426546) whose
registered address is 20 Old Bailey, London, EC4M 7BF, is a registered investment adviser with the SEC(Baring International Investment Limited also relies on section 8.26 of NI 31-103 (international adviser
exemption) and has filed the Form 31-103F2 in Quebec and Manitoba;

Barings Singapore Pte. Ltd. (“BSG”), a private company incorporated in Singapore, is an indirect, whollyowned subsidiary of Barings. BSG is licensed by the Monetary Authority of Singapore on the 26 June
2021, for Capital Markets Service License under the Securities and Futures Act to conduct fundmanagement activities.

Baring Fund Managers Limited, which is authorized as a manager of collective investment schemes andan Alternative Investment Fund Manager with the Financial Conduct Authority in the United Kingdom.

The BARINGS name and logo design are trademarks of Barings and are registered in U.S. Patent andTrademark Office and in other countries around the world. All rights are reserved.

Baring International Fund Managers (Ireland) Limited), which is authorized as an Alternative Investment
Fund Manager, a UCITS management company and MiFID Investment Firm with the Central Bank of
Ireland and is also authorized in several European Union jurisdictions under the EU passporting regime.

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This document is not an offer to sell, nor a solicitation of an offer to buy, limited partnership interests,
shares or any other security, nor does it purport to be a description of the terms of or the risks inherent in
an investment in any private investment fund (“Fund”) described therein. The offer and sale of interests inany such Fund is restricted by law, and is not intended to be conducted except in accordance with those
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accepting delivery of this document, the person to whom it is delivered (a) agrees to keep the information
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as defined in Regulation D promulgated by the Securities and Exchange Commission under the Securities
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Baring Asset Management Switzerland Sàrl, which is authorized by the Switzerland Financial Market
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Barings Australia Pty Ltd (ACN 140 045 656), which is authorized to offer financial services in Australia
under its Australian Financial Services License (No: 342787) issued by the Australian Securities andInvestments Commission;

Baring Asset Management (Asia) Limited, which is licensed by the Securities and Futures Commission ofHong Kong to carry on regulated activities Type 1 (dealing in securities), Type 2 (dealing in futurescontracts), Type 4 (advising on securities), Type 5 (advising on futures contracts) and Type 9 (asset
management) in Hong Kong in accordance with the requirements set out in the Securities and Futures
Ordinance (Cap 571);
Barings Japan Limited, which is registered as a Financial Business Operator (Registration No. 396-KLFB)
for Type II Financial Instruments Business, Investment Advisory and Agency Business, and Investment
Management Business with the Financial Services Agency in Japan under the Financial Instruments andExchange Act (Act No. 25 of 1948);
Baring SICE (Taiwan) Limited, an independently operated business (Business license number: 2017 FSCSICE- Xin- 002; Address: 21 F, No.333, Sec. 1 Keelung Road, Taipei 11012; Taiwan Contact telephone
number: 0800 062 068); or
Baring Asset Management Korea Limited, which is authorized by the Korean Financial Services
Commission to engage in collective investment business and is registered with the Korean Financial
Services Commission to engage in privately placed collective investment business for professional
investors, discretionary investment business and advisory business.

Copyright and Trademark
Copyright © 2023 Barings. Information in this document may be used for your own personal use, but may
not be altered, reproduced or distributed without Barings’ consent.

FOR PERSONS DOMICILED IN THE UNITED KINGDOMThis document is directed at and intended for “Professional Investors” or any other category of person towhich such marketing is permitted under the national laws of the United Kingdom. A “Professional
Investor” is an investor who is considered to be a professional client or which may, on request, be treatedas a professional client within the relevant national implementation of Annex II of European Directive
2014/65/EU (Markets in Financial Instruments Directive or "MiFID II") and the Alternative Investment FundManagers Regulations, 2013, as amended by the Alternative Investment Managers (Amendment, etc.)(EU Exit) Regulations 2019 (“UK AIFM Regulations”).
FOR PERSONS DOMICILED IN THE EUROPEAN UNION and the EUROPEAN ECONOMIC AREA
(EEA):
This information is only made available to Professional Investors, as defined by the Markets in Financial
Instruments Directive.
FOR PERSONS DOMICILED IN AUSTRALIA:
This publication is only made available to persons who are wholesale clients within the meaning of section
761G of the Corporations Act 2001. This publication is supplied on the condition that it is not passed on to
any person who is a retail client within the meaning of section 761G of the Corporations Act 2001.
FOR PERSONS DOMICILED IN CANADA:This confidential marketing brochure pertains to the offering of a product only in those jurisdictions and to
those persons in Canada where and to whom they may be lawfully offered for sale, and only by persons
permitted to sell such interests. This material is not, and under no circumstances is to be construed as, anadvertisement or a public offering of a product. No securities commission or similar authority in Canada
has reviewed or in any way passed upon this document or the merits of the product or its marketing
materials, and any representation to the contrary is an offence.

2023年6月末現在
For investment professionals only

10

重要情報
FOR PERSONS DOMICILED IN SWITZERLAND:This is an advertising document.
This material will be exclusively made to, and directed at, Qualified Investors, as defined in Article 10(3)and (3ter) of the Swiss Collective Investment Schemes Act (“CISA”) and its implementing ordinance, atthe exclusion of Qualified Investors with an opting-out pursuant to Art. 5(1) of the Swiss Federal Law on
Financial Services ("FinSA") and without any portfolio management or advisory relationship with afinancial intermediary pursuant to Article 10(3ter) CISA.
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Distribution of this document, and placement of shares in Hong Kong, are restricted for funds not
authorized under Section 104 of the Securities and Futures Ordinance of Hong Kong by the Securities andFutures Commission of Hong Kong.
This document may only be distributed, circulated or issued to persons who are professional investors
under the Securities and Futures Ordinance and any rules made under that Ordinance or as otherwise
permitted by the Securities and Futures Ordinance. The contents of this document have not beenreviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to theoffer. If you are in any doubt about any of the contents of this document, you should obtain independent
professional advice.
FOR PERSONS DOMICILED IN SOUTH KOREA:
Neither this document nor Barings is making any representation with respect to the eligibility of any
recipients of this document to acquire interests in the Fund under the laws of Korea, including but without
limitation the Foreign Exchange Transaction Act and Regulations thereunder. The Fund may only beoffered to Qualified Professional Investors, as such term is defined under the Financial Investment
Services and Capital Markets Act, and this Fund may not be offered, sold or delivered, or offered or soldto any person for re-offering or resale, directly or indirectly, in Korea or to any resident of Korea except
pursuant to applicable laws and regulations of Korea.
FOR PERSONS DOMICILED IN SINGAPORE:
This document has been prepared for informational purposes only, and should not be considered to be an
advertisement or an offer for the sale or purchase or invitation for subscription or purchase of interests in
the Fund. This document has not been registered as a prospectus with the Monetary Authority ofSingapore. Accordingly, statutory liability under the SFA in relation to the content of prospectuses would
not apply. This document or any other material in connection with the offer or sale, or invitation forsubscription or purchase of interests in the Fund, may not be circulated or distributed to persons in
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Barings Singapore Pte. Ltd. (Registration no: 202036975R)
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the Shares in Taiwan is permitted. Taiwan’s qualified Institutions which purchase the Shares may not sellor otherwise dispose of their holdings except by redemption, transfer to a Qualified Institution, transfer by
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Commission. The information relating to the shares in this document is for information only and does notconstitute an offer, recommendation or solicitation in Taiwan.

FOR PERSONS DOMICILED IN JAPAN:
This material is being provided for information purposes only. It is not an offer to buy or sell any Fundinterest or any other security. The Fund has not been and will not be registered pursuant to Article 4,
Paragraph 1 of the Financial Instruments and Exchange Act of Japan (Act No. 25 of 1948) and,accordingly, it may not be offered or sold, directly or indirectly, in Japan or to, or for the benefit, of any
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and guidelines promulgated by the relevant Japanese governmental and regulatory authorities and in
effect at the relevant time. For this purpose, a “Japanese person” means any person resident in Japan,
including any corporation or other entity organized under the laws of Japan.
FOR PERSONS DOMICILED IN THAILAND:This document is only made available to qualified institutional investors/high-net-worth individuals
according to Notification of the Capital Market Supervisory Board No. Tor Thor. 1/2560. It is for
information only and is not an advertisement, investment recommendation, research or advice. It does nothave regard to the specific investment objectives, financial situation or needs of any specific person. You
should seek advice from a financial adviser if you are in any doubt about any of the content of thisdocument. None of the funds has been registered with the Office of the Securities and Exchange
Commission. Barings is not licensed to carry out fund management activities in Thailand and has nointention to solicit your investment or subscription in the fund directly in Thailand.
FOR PERSONS DOMICILED IN PERU:The Fund is not registered before the Superintendencia del Mercado de Valores (SMV) and it is placed bymeans of a private offer. SMV has not reviewed the information provided to the investor. This document isonly for the exclusive use of institutional investors in Peru and is not for public distribution.
FOR PERSONS DOMICILED IN CHILE:
Esta oferta privada se acoge a las disposiciones de la norma de carácter general nº 336 de lasuperintendencia de valores y seguros, hoy comisión para el mercado financiero. Esta oferta versa sobre
valores no inscritos en el registro de valores o en el registro de valores extranjeros que lleva la comisiónpara el mercado financiero, por lo que tales valores no están sujetos a la fiscalización de ésta; Por tratar
de valores no inscritos no existe la obligación por parte del emisor de entregar en chile información
pública respecto de los valores sobre los que versa esta oferta; Estos valores no podrán ser objeto deoferta pública mientras no sean inscritos en el registro de valores correspondiente.
FOR PERSONS DOMICILED IN ARGENTINA:
This document includes a private invitation to invest in securities. It is addressed only to you on an
individual, exclusive, and confidential basis, and its unauthorized copying, disclosure, or transfer by anymeans whatsoever is absolutely and strictly forbidden. Barings will not provide copies of this document orprovide any kind of advice or clarification, or accept any offer or commitment to purchase the securities
herein referred to from persons other than the intended recipient. The offer herein contained is not a
public offering, and as such it is not and will not be registered with, or authorized by, the applicable
enforcement authority. The information contained herein has been compiled by Barings, who assumes thesole responsibility for the accuracy of the data herein disclosed.
FOR PERSONS DOMICILED IN BRAZIL:
The fund may not be offered or sold to the public in Brazil. Accordingly, the fund has not been nor will be
registered with the Brazilian Securities Commission – CVM nor have they been submitted to the foregoing
agency for approval. Documents relating to the fund, as well as the information contained therein, may not
be supplied to the public in Brazil, as the offering of fund is not a public offering of securities in Brazil, nor
used in connection with any offer for subscription or sale of securities to the public in Brazil.

2023年6月末現在
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重要情報
FOR PERSONS DOMICILED IN COLOMBIA:
The material herein does not constitute a public offer in the Republic of Colombia. This document does
not constitute a public offer in the Republic of Colombia. The offer of the fund is addressed to less than
one hundred specifically identified investors. The fund may not be promoted or marketed in Colombia
or to Colombian residents, unless such promotion and marketing is made in compliance with Decree
2555 of 2010 and other applicable rules and regulations related to the promotion of foreign funds in
Colombia. The distribution of this document and the offering of shares may be restricted in certain
jurisdictions. The information contained in this document is for general guidance only, and it is the
responsibility of any person or persons in possession of this document and wishing to make application
for shares to inform themselves of, and to observe, all applicable laws and regulations of any relevant
jurisdiction. Prospective applicants for shares should inform themselves of any applicable legal
requirements, exchange control regulations and applicable taxes in the countries of their respective
citizenship, residence or domicile.
FOR PERSONS DOMICILED IN MEXICO:The securities offered hereby are not and will not be registered in the national securities registry(Registro Nacional De Valores) maintained by the Mexican Banking and Securities Commission(Comision Nacional Bancaria y De Valores “CNBV”). These securities may not be publicly offered orsold in Mexico without the applicability of an exemption for the private placement of securities pursuant
to the Mexican Securities law. In making an investment decision, you should rely on your own review
and examination of the fund / security. These securities are not being offered and may not be offered
nor acquired within the territory of the United Mexican States. The information contained herein has notbeen reviewed or authorized by the CNBV. Any Mexican investor who acquires the securities does so
at his or her own risk.
FOR PERSONS DOMICILED IN PANAMA:
This is not a public offering. This document is only for the exclusive use of institutional investors. The
securities mentioned in this document have not been registered with nor fall under the supervision of
the Superintendence of the Securities Market of Panama. The distribution of this document and theoffering of shares may be restricted in certain jurisdictions. The above information is for generalguidance only, and it is the responsibility of any person or persons in possession of this document andwishing to make application for shares to inform themselves of, and to observe, all applicable laws andregulations of any relevant jurisdiction. Prospective applicants for shares should inform themselves as
to legal requirements also applying and any applicable exchange control regulations and applicabletaxes in the countries of their respective citizenship, residence or domicile. This document does notconstitute an offer or solicitation to any person in any jurisdiction in which such offer, or solicitation is
not authorized or to any person to whom it would be unlawful to make such offer or solicitation.
FOR PERSONS DOMICILED IN URUGUAY:
The sale of the product qualifies as a private placement pursuant to section 2 of Uruguayan law 18,627.
The product must not be offered or sold to the public in Uruguay, except in circumstances which do notconstitute a public offering or distribution under Uruguayan laws and regulations. The product is not
and will not be registered with the Financial Services Superintendency of the Central Bank of Uruguay.
The product corresponds to investment funds that are not investment funds regulated by Uruguayan
law 16,774 dated September 27, 1996, as amended.

当資料は、ベアリングス・ジャパン株式会社(金融商品取引業者：関東財務局長（金商）第396号、一般社団法人日本投資顧問業協会会員、一般社団法人投資信託協会会員）（以下、「当社」）がベアリング
スの概要に関する情報提供を目的として作成したものであり、金融商品取引法に基づく開示書類ではありません。当資料は、当社が信頼できる情報源から得た情報等に基づき作成していますが、内容の正確性あるいは完全性を保証するものではありません。また、当資料には、現在の見解および予想に基づく将来の見通しが含まれることがありますが、当社は事前の通知なくこれらを変更したり修正することがあります。
27241372023年6月末現在
For investment professionals only

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