<Disclaimer for the English Overview of
the Delivery Prospectus of
Listed Index Fund Japanese Economy Contributor Stocks>
This document provides an overview of the Japanese “Summary Prospectus” (the“Delivery Prospectus”) of Listed Index Fund Japanese Economy Contributor Stocks(the “Fund”) in English. The Japanese Delivery Prospectus is the offering document.
This document in English is not required by law or any regulation.
While every effort has been made to ensure the accuracy or completeness of thecontent of this document, Nikko Asset Management Co., Ltd. cannot guarantee theaccuracy or completeness as differences of interpretation may arise between the
English and Japanese languages. In the event of any inconsistency between thisdocument in English and the Japanese version, the Japanese version shall prevail,except to the extent prohibited by the applicable law of any jurisdiction where the unitsof the Fund are sold. In addition, this document is not a translation of the entire
Delivery Prospectus, but an English overview of the Delivery Prospectus, which meansthat some of the information in the Delivery Prospectus has been simplified, modified,or omitted.
Except as otherwise indicated herein, this material is based on the most recent
Japanese version of the Delivery Prospectus . In case of any update to or modificationof the Japanese version of the terms and conditions, there is no guarantee that acorresponding update or modification will be made to this English document .
This English overview of the Delivery Prospectus has been prepared by Nikko AssetManagement Co., Ltd. for English speaking investors for information purposes.
Investors should not subscribe for these securities solely relying on this document, as
this is not a full translation of the original Delivery Prospectus. As this English
document may differ from the Japanese Delivery Prospectus as explained above, thisdocument does not contain or constitute, and should not be relied upon as an offer or
invitation to make an offer for the purchase of these securities (including units of theFund) to any person or entity in any jurisdiction.
Neither this material nor any part hereof may be reproduced, transmitted, reprinted, or
redistributed without the prior written authorization of Nikko Asset Management Co.,Ltd.

1

Explanatory Booklet on the Investment Trust(English Overview of the Delivery Prospectus)
April 9, 2024

Listed Index FundJapanese Economy Contributor Stocks
Nickname: JoJo Nihon Keizai Koken
Open-end Investment Trust, Domestic, Equities, ETF, Index typeThis document is not a translation of the entire Delivery Prospectus, but an English overview of the
Delivery Prospectus, which means that some of the information in the Delivery Prospectus has been
simplified, modified, or omitted.

 This prospectus is published pursuant to the provisions of Article 13 of the Financial
Instruments and Exchange Act (No. 25 of 1948).
Please read this document carefully before deciding to subscribe to units of the Fund.
 The prospectus for the Fund provided for in Article 15, Paragraph 3 of the Financial
Instruments and Exchange Act (hereinafter referred to as the “Prospectus Issued upon
Request”) can be read or downloaded from the website of the Management Company. You canalso obtain a copy of the Prospectus Issued upon Request from a Distributor. If you do so, please
make a personal record to that effect.
 This document includes the main contents outlined in the trust deeds. The complete text of thetrust deeds is provided in the Prospectus Issued upon Request.
 For information on the NAV or Distributors of the Fund, please contact the Management Company.
Management Company (the party issuing investment instructions for the Fund)
Nikko Asset Management Co., Ltd.
Registration Number: Director of the Kanto Local Financial Bureau (Financial instruments firms) No.
368
Website: www.nikkoam.com/+81(0)3-6477-6653 (9 a.m.–5 p.m., excluding Saturdays, Sunday and public holidays)
Trustee (the party responsible for custody and management of Fund assets)
Sumitomo Mitsui Trust Bank, Limited
Established and managed by

Nikko Asset Management Co., Ltd.
2 When a significant amendment is made to the content of the Fund, we will confirm theintention of investors (beneficiaries) in advance under the Act on Investment Trust andInvestment Corporations (No. 198 of 1951).
 The Fund assets are classified and managed by the Trustee under the Trust Act (No.
108 of 2006).
 In connection with the invitation for subscription to Listed Index Fund Japanese
Economy Contributor Stocks, which is extended by way of this prospectus, theManagement Company filed a securities registration statement with the DirectorGeneral of the Kanto Local Finance Bureau on April 8, 2024 pursuant to the provisionsof Article 5 of the Financial Instruments and Exchange Act. The filing became effectiveon the next business day after the filing date.

Product Classification
Unit Type/
Open-end
Investment
Trust
Open-end

Eligible
MarketDomestic

Segmentation by Attribute

Eligible
Investments Independent Supplementary
Eligible
Segment
Classification Investments(Source ofIncome)Equities

ETF

Index type

Equities inGeneralTiming of
Accounting
PeriodSemi-annually

GeographicalAreas ofInvestment

Index
Followed

Japan

Other
(JPX/S&P
CAPEX &
Human CapitalIndex)

Please refer to The Investment Trusts Association, Japan website for definitions of product classification and segmentation by
attribute at https://www.toushin.or.jp/.

Management Company Details

Name:
Nikko Asset Management Co., Ltd.
Date of establishment:
December 1, 1959
Capital:17,363.04 million yen
Total net asset value of investment trust assets under management: 28,894.6 billion yen(As of the end of January 2024)

3

Objective and Characteristics of the Fund
Objective of the FundThe fund seeks to achieve a NAV that closely correlates with the movement of the
JPX/S&P CAPEX & Human Capital Index by investing in shares of the component stocksof the JPX/S&P CAPEX & Human Capital Index, and maintaining, in principle, a portfolio
constructed consistent with the calculation method of the JPX/S&P CAPEX & Human
Capital Index.
* JPX/S&P CAPEX & Human Capital Index is an index underlying the stocks of firms who
proactively making investment in physical and human capital. Within its universe of TOPIX,
investment names are selected by liquidity, credit, and market valuation stability screening andby evaluation of capital investment growth, increased profitability by capital investment, andhuman resource circumstances and its profitability. Indexation setting September 16, 2005 as
1,000 points.
* In principle, rebalancing is done every March and September.

Copyrights and Other Rights of JPX/S&P CAPEX & Human Capital Index
The “JPX/S&P CAPEX & Human Capital Index" (hereinafter, “the Index”) is a product of S&P Dow Jones
Indices LLC (hereinafter, “SPDJI”), Japan Exchange Group Inc. (hereinafter, “JPX”), and JPX Market
Innovation & Research, Inc. (hereinafter, “JPX soken”), and has been licensed for use by Nikko AssetManagement Co., Ltd. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s
Financial Services LLC (hereinafter, “S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark
Holdings LLC (hereinafter, “Dow Jones”); and these trademarks have been licensed for use by SPDJI andsublicensed for certain purposes by Nikko Asset Management Co., Ltd. JPX® is a trademark of JPX and has
been licensed for use by SPDJI and sublicensed for certain purposes by Nikko Asset Management Co., Ltd.
The TOPIX Index Value and the TOPIX mark or trademark are intellectual property of JPX soken, and JPX
soken owns all rights and know-how relating to the TOPIX such as calculation, publication and use of the
TOPIX Index Value, as well as all rights concerning the TOPIX marks and trademarks. The Fund is notsponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, JPX or JPX
soken, none of such parties make any representation regarding the advisability of investing in such product(s)nor do they have any liability for any errors, omissions, or interruptions of the Index.

4

Characteristics of the Fund
fund aims to achieve investment returns that link with the movement Thisof the JPX/S&P CAPEX & Human Capital Index.
• This fund seeks to match the change in net assets value per unit with the rate ofchange in “JPX/S&P CAPEX & Human Capital Index” and in principle invests inthe equities that make up the “JPX/S&P CAPEX & Human Capital Index”.
* The investment management described above may not be carried out due tomarket and financial conditions.

are listed on Tokyo Stock Exchange and can be traded at any time Units
during trading hours.
•Units may be traded in blocks of 1 unit (as of the date when the securities
registration statement was filed).
• The brokers determine trading commissions.
• The method of trading is generally the same as that for stocks.
* Please contact your broker for further information.

 Units are subscribed for with cash.
• Units are subscribed using the NAV on the day the subscription is
accepted.
Units may be redeemed for cash before maturity with a request for
exchange.
• Units may be redeemed by the NAV on the day redemption is accepted.

⑤ Units may not be exchanged for stocks.
Main Investment Restrictions• There is no restriction as to the investment ratio in stocks.
•There is no restriction on the investment ratio for assets denominated in foreign currencies.

Dividend Policy
As a general rule, the full amount of dividends and other income arising from the trust assets is
distributed after deduction of expenses.
*There is no guarantee on the payment or the amount of dividend.

5Investment Risks
Please refer to“Matters to Consider” on our website below for the related risk.
https://en.nikkoam.com/etf/1481-japanese-economy-contributor

Past Performance
Please refer to “Net Asset Value and Performance” on our website below for the past performance.
https://en.nikkoam.com/etf/1481-japanese-economy-contributor

6Procedures, Fees, and Other Items
 Subscription Memorandum
Subscription Units

Units to be determined by the distributors starting at no less than 1,000*Please contact the distributor.

Subscription Price

NAV on the day the subscription is accepted.

Subscription
MethodPlease make the payment by the day designated by the distributor.

Redemption Units

One unit of at least 1,000 units*Units to be determined by the distributor.
*A beneficiary may ask a Distributor to buyback his or her Units where the total
number of Units owned is less than the minimum-trading unit for the Units
established by the stock exchange. Please contact the distributors for details.

Redemption Price

NAV on the day the redemption is accepted.

Redemption
Proceeds

As a rule, payment will be made from the fourth business day after andincluding the day on which a redemption request is made.

Business Hours for
Subscription and
Redemption

As a rule, applications for subscription and redemption that are completed by
2 p.m. on the days Distributors are open for business are deemed to haveaccepted on that day. It must be pursuant to the procedures established by
the Distributor.
From April 9, 2024 to October 8, 2024.

Subscription Period *The subscription period can be renewed by filing another securities registration
statement prior to the expiration date shown above.

Non-acceptanceDays for
Subscription and
Redemption

In principle, even on days when distributors are open, no subscription orredemption application shall be accepted if its subscription or redemption datefalls within the period of two business days, beginning two business days prior
to the accounting date (For a period of three business days, beginning threebusiness days prior to the accounting date when the accounting date falls on
non-business day.). Please contact the distributors for details.

Restrictions on
Redemption

Based on the size of the fund or the product characteristics, the redemption
application time and amount may be restricted for large number of units to avoid
interference with investment management.

Suspension orCancellation of
Subscription,
Redemption
Applications

The Management Company may suspend acceptance of applications forsubscription or requests for redemptions, or cancel applications for subscription
or requests for a redemption that have already been accepted in the event thattrading on the financial instruments exchanges is suspended, trading of foreignexchange is suspended, settlement functions are halted, or any unavoidable
circumstances arise.

Trust Term

Unlimited (launch date: May 24, 2016)7

Early Termination

The fund will be terminated early in any of the following cases:• If the units are delisted on all the financial exchanges.
• If the JPX/S&P CAPEX & Human Capital Index is discontinued.
• If any amendment to the trust deed deemed necessary by the Management
Company or Trustee as a result of a change in the calculation method or similarof the JPX/S&P CAPEX & Human Capital Index is not accepted by a written
resolution.
The fund may be terminated early in any of the following cases:• If the total NAV falls below JPY 500 million• If it is deemed advantageous for beneficiaries, or• If unavoidable circumstances arise.

Closing Date

January 8 and July 8 each year

Distributions are paid twice a year in accordance with the distribution policy.
*In general, the Trustee will pay to each beneficiary their income distribution by
wire transfer on the day specified by the Management Company but within 40
Income Distribution days of the end of each calculation period in the bank account designated inadvance by the beneficiary. Where a beneficiary has signed a separate
agreement with his or her broker in connection with the treatment of income
distribution, payment will be made pursuant to the provisions of suchagreement.

Maximum Amountof Trust Money

Equivalent to JPY 1 trillion

Public Notification

Electronic public notices are posted on the website of the Management
Company.
URL: www.nikkoam.com/*In the event that electronic public notices cannot be posted due to unavoidable
circumstances, this will be published in The Nikkei.

Investment Report

As defined in the Act on Investment Trust and Investment Corporations, investment
reports are not prepared and published.

Tax Treatment

For tax purposes, the fund is treated as an exchange-traded fund (ETF).
• Publicly-offered Equity Investment Trusts are eligible for the Nippon Individual
Savings Account (NISA) if they meet certain requirements under the tax law.
• The Fund is eligible for the "Growth Quota (Specific Tax Exemption
Management Account)" under the NISA, but the handling may differ dependingon the distributor. Please contact your distributor for details.
• The dividends received deduction will not apply.
• The system excluding dividends from gross revenue will not apply.

8

There is additional information on this page that does not appear on the original Japanese
Delivery Prospectus.

 Fund Expenses and Taxes
Fund Expenses
Expenses to be borne directly by investors
Subscription
Fee

Independently set by Distributors* Please contact your Distributor for further information.
* Subscription Fee is compensation for explanation and information providing
about the Fund or investment environment, and is also including expense ofclerical processing of the subscription.

Redemption
Fee

Independently set by Distributors* Please contact your Distributor for further information.
* Exchange Fee is compensation for clerical processing of the exchange.

Amount to be
Retained in
Trust Assets

None

Costs paid indirectly by the customer for the trust assets (paid from the fund)
TER(Total Expense
Ratio)

0.2651% (TER includes Trust Fee, management fee and other costs below)※ This represents the actual TER for the period of January 10, 2023 - January 5,2024.

No more than 0.385% (0.350% excluding taxes) per annum of total daily
net assets of the fund.
The investment management fee is daily recorded and paid out of the trust assets
at the end of each calculation period or at the time of termination of the Trust.
<Distribution of Investment Management Expenses (excluding taxes)>
When above is 0.15%, as of the date of filing of the securities registration
statement

Investment
Management
Expenses(Trust fee)

Investment Management Expenses(Trust fee)
=NAV of investment period X Trust fee rate
Net Assets
Total
Management
TrusteeCompany
10,000 million
0.15%
0.10%
0.05%
yen and underAbove 10,000
0.15%
0.12%
0.03%
million yen
In the case that Net Assets are above 10,000 million yen, the distribution by
Management Company and Trustee will be changed.
Management
Company
Trustee

Compensation for investment management
Compensation for administration of assets undermanagement and execution of orders fromManagement Company*Figures are excluding tax. Consumption tax will be added.

9

OtherExpenses andFees(Expenses for
preparation of
Prospectus andother expenses)

Not more than 0.1% per annum of total daily net assets during trust period of thefund.
1. Expenses for the preparation and distribution of prospectuses, 2. Cost foraccounting and its incidental operations, 3. Cost for preparation of financial summary
statement (including outsourcing fee in case of outsourcing the (1) - (3) operations), 4.
Auditing fee, 5. Fees related to the listing of the fund, 6. Royalties for the “JPX/S&P
CAPEX & Human Capital Index”, and others are paid out of the trust assets at thetimes specified by the Management Company.
* Auditing fee is an expense paid to audit firm for auditing of the Fund.

Other
Expenses andFees(Brokerage
Commissions
and Other Fees)

Brokerage commissions on securities in the portfolio, expenses for custody of assets
in foreign countries, interest on borrowings, interest on advances, lending fee (in casesecurity lending is conducted, the amount obtained by multiplying a lending fee on
securities lent by a figure which is profit for Trust Assets, not exceeding 0.55 (0.5excluding taxes) (0.5 excluding taxes as of the date of the filing of the securities
registration statement), and other fees are paid out of the trust assets each time they
are incurred.
* The figures for items such as the rate and maximum amount cannot be provided inadvance as they fluctuate in line with investment performance and other factors.

The total amount of expenses of the Fund to be borne by investors varies according to holding lengthand investment status, and thus cannot be shown.

10

Tax Treatment
Tax treatment for Japanese individual investors
1) Taxation upon sale of units
 Gains on sale (capital gains) are deemed to be income from transfer and thus have to be filed
to declare for separate taxation at 20.315%. When a beneficiary has chosen a designatedaccount with tax withholding (an account with tax withholding at the taxpayer’s option), tax will
be withheld at source at 20.315%. (As a general rule, tax filing is not necessary.)2) Taxation upon receipt of income distributions
 Income distributions are regarded as dividend income, and tax is withheld at source at
20.315%. (As a general rule, tax filing is not necessary.) You can also file a tax return, andchoose either separated taxation, based on declaration, or consolidated taxation (under which
the dividends received deduction is available).
3) Taxation upon cancellation or termination
 Gains upon cancellation or termination (capital gains) are deemed to be income from transfer
and thus have to be filed to declare for separate taxation at 20.315%. When a beneficiary has
chosen a designated account with tax withholding (an account with tax withholding at the
taxpayer's option), tax will be withheld at source at 20.315%. (As a general rule, tax filing is
not necessary.).
- By filing a tax return, you can offset losses upon sale (capital losses) against capital gains
from listed stocks, dividends etc. from listed stocks, and interest income from public andcorporate bonds and such like (as long as separated taxation has been chosen upondeclaration). In addition, gains on sale (capital gains), income distributions, and interest
income from public and corporate bonds etc. (if separated taxation has been chosen upondeclaration) can be offset against capital losses from listed stocks and such like.
-

When investing through the Nippon Individual Savings Account (NISA), dividend income andtransfer income from newly purchased publicly offered equity investment trusts are exempt
from taxation for an unlimited period up to a certain amount each year. The tax exemption isavailable only to those who meet certain conditions, such as opening a tax-exempt accountwith a distributor, and who purchase products that meet the requirements of the tax law. For
details, please contact the distributor.

- In cases of being applied to the foreign tax deduction, tax on distributions may differ from theaforementioned descriptions.
- The aforementioned descriptions do not apply to Japanese corporations.
- Above tax rates are as of the date when the securities registration statement was filed, so
those may change in the event that tax laws are revised. We recommend that investors
consult a tax or similar specialist for details of tax treatment.

1112