< Disclaimer for the English Overview of
the Delivery Prospectus of
Listed Index Fund France Government Bond
(Currency Hedge) / (No Currency Hedge) >This document provides an overview of the Japanese “Summary Prospectus” (the “Delivery
Prospectus”) of Listed Index Fund France Government Bond (Currency Hedge) / (No Currency
Hedge) (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 the content of
this document, Nikko Asset Management Co., Ltd. cannot guarantee the accuracy orcompleteness as differences of interpretation may arise between the English and Japanese
languages. In the event of any inconsistency between this document in English and theJapanese version, the Japanese version shall prevail, except to the extent prohibited by theapplicable law of any jurisdiction where the units of 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 means that 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 Japaneseversion of the Delivery Prospectus. In case of any update to or modification of the Japaneseversion of the terms and conditions, there is no guarantee that a corresponding 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 fulltranslation of the original Delivery Prospectus. As this English document may differ from theJapanese Delivery Prospectus as explained above, this document does not contain orconstitute, and should not be relied upon as an offer or invitation to make an offer for thepurchase of these securities (including units of the Fund) 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 Trusts(English Overview of the Delivery Prospectus)
May 11, 2024

Listed Index Fund France Government Bond
(Currency Hedge) / (No Currency Hedge)
Nickname: JoJo France Government Bond
(Currency Hedge) / (No Currency Hedge)
Open-end investment trust, Overseas, Bonds, ETF, Index-type
This 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 under Article 15, Paragraph 3 of the Financial Instruments
and Exchange Act (hereinafter referred to as the "Prospectus Issued upon Request") can be reador downloaded from the website of the Management Company. You can also obtain a copy of theProspectus 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 the trust 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/+813-6447-6653 (9 a.m.-5 p.m., excluding Saturdays, Sundays 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 the intentionof investors (beneficiaries) in advance under the Act on Investment Trust and Investment
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 France Government Bond
(Currency Hedge) and Listed Index Fund France Government Bond (No Currency Hedge), whichis extended by way of this prospectus, the Management Company filed securities registration
statements with the Director-General of the Kanto Local Finance Bureau on May 10, 2024 pursuant
to the provisions of Article 5 of the Financial Instruments and Exchange Act. These filings became
effective on the next business day after the filing date.

Product Classification
Unit-Type/

Segmentation by Attribute

Eligible

Open-end

Eligible

Investments

Independent

Supplementary

Eligible

Investment

Market(Source of

Segment

Classification

Investments

Trust

Income)Timing of

GeographicalAccounting

Areas of

PeriodInvestment

Investment

Currency

Category

Hedging

Index Followed

Other (Bloomberg
Currency

Other Assets

Hedge(investment
trust
Open-end

Overseas

Bonds

ETF

Index typesecurities

Quarterly(Bonds,No
Currency
Hedge

EuropeYes

France Treasury 7-(Full

10 Year Index TTM

hedging)

JPY Currency
Hedged)Fund Of
Funds

Other (Bloomberg

PublicNo

Bonds))

hedge

France Treasury 710 Year Index TTM
JPY Currency
Unhedged)*Please refer to the Investment Trusts Association, Japan website for definitions of products classification and segmentation by attribute athttps://www.toushin.or.jp/.
*Currency Hedging described in segmentation by attribute indicates whether or not to hedge the currency fluctuation risk against Japaneseyen.

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: 30,209.8 billion yen(As of end of February 2024)
Listed Index Fund France Government Bond (Currency Hedge) may be referred to as “Currency Hedge”
and Listed Index Fund France Government Bond (No Currency Hedge) may be referred to as “No
Currency Hedge”.

3Objective and Characteristics of the Fund
Objective of the Fund
The Funds seek the net asset value per unit to track the performance of the benchmark
index by mainly investing in the separately stipulated investment trust securities.
* The benchmark index for Currency Hedge is Bloomberg France Treasury 7-10 Year Index
TTM JPY Currency Hedged and the benchmark index for No Currency Hedge is Bloomberg
France Treasury 7-10 Year Index TTM JPY Currency Unhedged. As the Funds track total
investment returns of France treasury bonds with maturities of 7-10 years, they areclassified into one fund with currency hedge and one fund with no currency hedge.

Copyright and Other Rights of the “Bloomberg France Treasury 7-10 Year Index”
Bloomberg®” and Bloomberg France Treasury 7-10 Year Index TTM JPY Currency Hedged / Bloomberg
France Treasury 7-10 Year Index TTM JPY Currency Unhedged are service marks of Bloomberg Finance
L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index(collectively, “Bloomberg”), and have been licensed for use for certain purposes by Nikko AssetManagement Co., Ltd..
The Listed Index Fund France Government Bond (Currency Hedge) / Listed Index Fund France
Government Bond (No Currency Hedge) are not sponsored, endorsed, sold or promoted by Bloomberg.
Bloomberg does not make any representation or warranty, express or implied, to the owners of or
counterparties to the Listed Index Fund France Government Bond (Currency Hedge) / Listed Index FundFrance Government Bond (No Currency Hedge) or any member of the public regarding the advisabilityof investing in securities generally or in the Listed Index Fund France Government Bond (Currency
Hedge) / Listed Index Fund France Government Bond (No Currency Hedge) particularly. The only
relationship of Bloomberg to Nikko Asset Management Co., Ltd. is the licensing of certain trademarks,
trade names and service marks and of the Bloomberg France Treasury 7-10 Year Index TTM JPY
Currency Hedged / Bloomberg France Treasury 7-10 Year Index TTM JPY Currency Unhedged, which isdetermined, composed and calculated by BISL without regard to Nikko Asset Management Co., Ltd. or
the Listed Index Fund France Government Bond (Currency Hedge) / Listed Index Fund France
Government Bond (No Currency Hedge). Bloomberg has no obligation to take the needs of Nikko AssetManagement Co., Ltd. or the owners of the Listed Index Fund France Government Bond (Currency
Hedge) / Listed Index Fund France Government Bond (No Currency Hedge) into consideration in
determining, composing or calculating the Bloomberg France Treasury 7-10 Year Index TTM JPY
Currency Hedged / Bloomberg France Treasury 7-10 Year Index TTM JPY Currency Unhedged.
Bloomberg is not responsible for and has not participated in the determination of the timing of, prices at,or quantities of the Listed Index Fund France Government Bond (Currency Hedge) / Listed Index FundFrance Government Bond (No Currency Hedge) to be issued. Bloomberg shall not have any obligation
or liability, including, without limitation, to Listed Index Fund France Government Bond (Currency Hedge)/ Listed Index Fund France Government Bond (No Currency Hedge) customers, in connection with theadministration, marketing or trading of the Listed Index Fund France Government Bond (Currency
Hedge) / Listed Index Fund France Government Bond (No Currency Hedge).
BLOOMBERG DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE
BLOOMBERG FRANCE TREASURY 7-10 YEAR INDEX TTM JPY CURRENCY HEDGED /BLOOMBERG FRANCE TREASURY 7-10 YEAR INDEX TTM JPY CURRENCY UNHEDGED OR ANYDATA RELATED THERETO AND SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS OR

4

INTERRUPTIONS THEREIN. BLOOMBERG DOES NOT MAKE ANY WARRANTY, EXPRESS OR
IMPLIED, AS TO RESULTS TO BE OBTAINED BY NIKKO ASSET MANAGEMENT CO., LTD., OWNERS
OF THE LISTED INDEX FUND FRANCE GOVERNMENT BOND (CURRENCY HEDGE) / LISTEDINDEX FUND FRANCE GOVERNMENT BOND (NO CURRENCY HEDGE) OR ANY OTHER PERSONOR ENTITY FROM THE USE OF THE BLOOMBERG FRANCE TREASURY 7-10 YEAR INDEX TTM
JPY CURRENCY HEDGED / BLOOMBERG FRANCE TREASURY 7-10 YEAR INDEX TTM JPY
CURRENCY UNHEDGED OR ANY DATA RELATED THERETO. BLOOMBERG DOES NOT MAKE ANY
EXPRESS OR IMPLIED WARRANTIES AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE
BLOOMBERG FRANCE TREASURY 7-10 YEAR INDEX TTM JPY CURRENCY HEDGED /BLOOMBERG FRANCE TREASURY 7-10 YEAR INDEX TTM JPY CURRENCY UNHEDGED OR ANYDATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, TO THE MAXIMUMEXTENT ALLOWED BY LAW, BLOOMBERG, ITS LICENSORS, AND ITS AND THEIR RESPECTIVEEMPLOYEES, CONTRACTORS, AGENTS, SUPPLIERS, AND VENDORS SHALL HAVE NO LIABILITY
OR RESPONSIBILITY WHATSOEVER FOR ANY INJURY OR DAMAGES—WHETHER DIRECT,INDIRECT, CONSEQUENTIAL, INCIDENTAL, PUNITIVE OR OTHERWISE—ARISING IN
CONNECTION WITH THE LISTED INDEX FUND FRANCE GOVERNMENT BOND (CURRENCY
HEDGE) / LISTED INDEX FUND FRANCE GOVERNMENT BOND (NO CURRENCY HEDGE) OR
BLOOMBERG FRANCE TREASURY 7-10 YEAR INDEX TTM JPY CURRENCY HEDGED /BLOOMBERG FRANCE TREASURY 7-10 YEAR INDEX TTM JPY CURRENCY UNHEDGED OR ANYDATA OR VALUES RELATING THERETO—WHETHER ARISING FROM THEIR NEGLIGENCE OR
OTHERWISE, EVEN IF NOTIFIED OF THE POSSIBILITY THEREOF.

5Characteristics of the Fund
●While the Funds are contractual-type investment trusts, they are structured differently fromordinary investment trusts with respect to the following points:

Units are listed on Tokyo Stock Exchange and can be traded at any time
during trading hours.
・Units may be traded in blocks of 10 units (as of the date when the securities
registration statement was filed).
・Brokers determine trading commissions.
・The method of trading is generally the same as that for stocks.
*Please contact your broker for further information.
●The Funds of Funds invest in securities held for investment trusts.
◆ Currency Hedge
France Government Bond Index Fund Currency Hedge (for Institutional Investors)
This fund seeks the net asset value per unit to track the performance of the Bloomberg
France Treasury 7-10 Year Index TTM JPY Currency Hedged.
Money Account Mother FundThis fund seeks to achieve stable returns through stable management by investing in publicand corporate bonds.
◆ No Currency Hedge
France Government Bond Index Fund No Currency Hedge (for Institutional
Investors)
This fund seeks the net asset value per unit to track the performance of the Bloomberg
France Treasury 7-10 Year Index TTM JPY Currency Unhedged.
Money Account Mother FundThis Fund seeks to achieve stable returns through stable management by investing inpublic and corporate bonds.

6Structure of Funds

Investment Restrictions
・The Funds will not directly invest in securities other than those held for investment trusts, shortterm corporate bonds, etc., commercial paper, and designated money in trust.
・There is no restriction on the investment ratio for assets denominated in foreign currencies.
Distribution 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 for the amount and payment of dividends in the future.

7

Investment Risks
Please refer to "Matters to Consider" on our website below for the related risk.
https://en.nikkoam.com/etf/2861-fra-bond-no-currency-hedge
https://en.nikkoam.com/etf/2862-fra-bond-currency-hedge

Past Performance
Please refer to "Net Asset Value and Performance" on our website below for the past performance.
https://en.nikkoam.com/etf/2861-fra-bond-no-currency-hedge
https://en.nikkoam.com/etf/2862-fra-bond-currency-hedge

8Procedures, Fees, and Other Items■Subscription Memorandum
Subscription Units

Units to be determined by the distributors starting at no less than 2,000*Please contact the distributor for information on subscription units.

Subscription Price

The NAV as of the next business day on which the subscription is accepted

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

Redemption Units

Units of 2,000 or more
*Units to be determined by the distributor*A beneficiary may ask a distributor to buyback his or her Units in cases where thetotal number of Units owned is less than the minimum-trading unit for the Units
established by the financial instruments exchanges. Please contact the
distributors for details.

Redemption Price

The NAV as of the next business day on which the redemption is accepted.

Redemption
Proceeds

As a rule, the payment will be made from the fifth business day after and including
the day on which a request for redemption is made.

Business Hours
for Subscription
and Redemption

As a rule, applications for subscriptions and redemptions that are completed by 3 p.m.
on the days distributors are open for business are deemed to have been accepted onthat day. It must be pursuant to the procedures established by the distributor.
*From November 5, 2024, as a rule, applications for subscriptions and redemptions
for which distributors have completed the prescribed procedure by 3:30 p.m. on the
distributors’ business day will be deemed to have been accepted on that day.
The handling may differ depending on distributors. Please contact them for details.

Subscription
PeriodFrom May 11, 2024 to November 8, 2024
*The subscription period can be renewed by filing another securities registration
statement prior to the expiration date shown above.
Even on the days where the distributor is open for business, applications forsubscription will not be accepted on the following days. Please contact the
distributors for details.

1) When the application day for subscription is two business days prior to theaccounting date. (For a period of two business days, beginning three business days
Non-acceptance Days prior to the accounting date when the accounting date falls on non-business day.)for Subscription2) When the application day for subscription is non-business day for UK Stock
Exchange, non-business day for all derivatives trading on Eurex or non-business
day for banks in London; and3) In addition to the days referred to 1) and 2), any time the Management Company
determines that unavoidable circumstances have developed that may prevent itfrom investing in accordance with the basic policies set forth in the trust deeds.
Even on the days where the distributor is open for business, applications forredemption will not be accepted on the following days. Please contact the
Non-acceptance Days distributors for details.
for Redemption

1) When the application day for redemption is for a period of two business days,
beginning three business days prior to the accounting date. (For a period of threebusiness days, beginning four business days prior to the accounting date when theaccounting date falls on non-business day.)92) When the application day for redemption is non-business day for UK Stock
Exchange, non-business day for all derivatives trading on Eurex or non-business
day for banks in London; and3) In addition to the days referred to 1) and 2), any time the Management Company
determines that unavoidable circumstances have developed that may prevent itfrom investing in accordance with the basic policies set forth in the trust deeds.
Redemption
Restrictions
Suspension orCancellation of
Subscription or
Redemption
Applications
Trust Term

Based on the size of the Fund or the product characteristics, restrictions may beplaced on the timing and amount of large number of units for redemption to avoid
adverse effects on the fund’s management.
The management company may suspend acceptance of applications forsubscription or requests for redemptions, or cancel applications for subscriptions
or requests for redemptions that have already been accepted in the event that theFunds are unable to invest in target investment trust securities, exchanges of thetarget investment trust securities are no longer possible, trading on a stock
exchange is suspended, trading of foreign exchange is suspended, settlement
functions are halted, or the management company determines that there are someother unavoidable reasons.
Unlimited (launch date: August 12, 2022)
Early termination is carried out in any of the following cases:

Early Termination

Closing of
Account

IncomeDistribution

Maximum Amount<Listed Index Fund France Government Bond (Currency Hedge)>・If the Units are delisted from all the financial instruments exchanges on which
they have been listed.
・If the Bloomberg France Treasury 7-10 Year Index TTM JPY Currency Hedged is
discontinued.
・If any amendment to the trust deeds deemed necessary by the Management
Company or Trustee because of a change in the calculation method or similar of
the Bloomberg France Treasury 7-10 Year Index TTM JPY Currency Hedged is
not accepted by a written resolution.
<Listed Index Fund France Government Bond (No Currency Hedge)>・If the Units are delisted from all the financial instruments exchanges on which
they have been listed.
・If the Bloomberg France Treasury 7-10 Year Index TTM JPY Currency Unhedged
is discontinued.
・If any amendment to the trust deeds deemed necessary by the Management
Company or Trustee because of a change in the calculation method or similar of
the Bloomberg France Treasury 7-10 Year Index TTM JPY Currency Unhedged
is not accepted by a written resolution.
Early termination may be possible in any of the following cases:
・If the total net assets of each of the Funds fall below JPY 1 billion after August
12, 2025;
・If early termination is deemed advantageous for beneficiaries; or・If any unavoidable circumstances arise.

On the 10th of February, May, August and November of each year
Dividends are paid four times a year in accordance with the following income distribution
policy:* In general, the Trustee will pay to beneficiaries their income distribution by wiretransfer on the day specified by the Management Company but within 40 days ofthe end of each calculation period in the bank account designated in advance by
the beneficiary. When a beneficiary has signed a separate agreement with his or
her distributor in connection with the treatment of income distribution, payment
will be made pursuant to the provisions of such agreement.
1 trillion yen for each of the Funds

10

of Trust Money

Public Notification

Investment
Reports

Tax Treatment

Public notices are posted on the website of the Trustee.
URL: www.nikkoam.com/*In the event that a public notification cannot be posted online due to unavoidable
circumstances, this will be published in the Nikkei.
As defined in the Act on Investment Trust and Investment Corporations,investment reports are not prepared and published.
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.
・Each Fund is eligible for the "Growth Quota (Specific Tax Exemption
Management Account)" under the NISA, but the handling may differ depending on
the distributor. Please contact your distributor for details.
・The dividends received reduction will not apply.
・The system excluding dividends from gross revenue will not apply.

11

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 theFund or investment environment, and is also including expense of clerical processingof the subscription.

Redemption
Fee

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

Amount to beretained in
Trust Assets

None.

Costs paid indirectly by the customer for the trust assets (paid from the fund)
TER(TotalExpenseRatio)

Currency Hedge: 0.1557% / No Currency Hedge: 0.2243%* This represents the actual TER for the period of February 13, 2023 - February 9,2024.
No more than 0.11% (0.1% excluding taxes) per annum of the daily
total NAV of the Fund
・The investment management fee is daily recorded and paid out of thetrust assets at the end of each calculation period or at the time oftermination of the Trust.

The Funds

Investment
Management
Expenses(Trust fee)<Distribution of Investment Management Expenses(annual rate)>
When the above is 0.1％ (excluding taxes) as of the date of filing of
the securities registration statement:
Investment Management Expenses(Trust fee)
=NAV of investment period X Trust fee rate
Total
Management
TrusteeCompany
0.100％
0.075％
0.025％
Management
Company

Compensation for investment
management
Compensation for administration ofassets under management andTrustee
execution of orders from Management
Company*Figures are excluding tax. Consumption tax will be added.

TargetInvestment
Trust
Securities

Annual rate of approx. 0.011%(0.01% excluding tax) of the total net
assetsApprox. 0.121%(0.11% excluding tax) per annum of net assets
Actual Cost

※Subject to change based on changes in the constituent issues orweighting of the target investment trust securities.
12

No more than 0.1% per annum of the daily total NAV of the Fund
1. Expenses for preparation and distribution of prospectuses etc.,
2. Expenses for accounting and related operations., 3. Expenses
Expensesfor preparation of financial statements (including fees for(Expenses for outsourcing operations described in 1.-3.), 4. Auditing fee, 5.
preparation of Expenses for listing of the Fund, as well as 6. Royalties for theprospectuses Bloomberg France Treasury 7-10 Year Index TTM JPY Currency
and other
Hedged or the Bloomberg France Treasury 7-10 Year Index TTM JPY
expenses)
Currency Unhedged are paid out of the trust assets at the times
specified by the Management Company.
Other Expenses
and Fees* Auditing fee is an expense paid to audit firm for auditing of the
Fund.
Brokerage commissions on securities in the portfolio, expenses forcustody of assets in foreign countries, interest on borrowings, interest on
advances, and other fees are paid out of the trust assets each time they
Brokeragecommissions are incurred.
* The figures for items such as the rate and maximum amount cannot be
and other
provided in advance as they fluctuate in line with investment
fees
performance and other factors. As the funds do not currently lend
securities, there will be no fees in relation to that.
The total amount of expenses of the Fund to be borne by investors varies according to holding length andinvestment status, and thus cannot be shown.

13

Tax Treatment
Tax treatment for 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 position), tax will
be withheld at sources at 20.315%. (As a 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, and choose either
separated taxation, based on declaration, or consolidated taxation (under which the dividends
received deduction is available).
3) Tax on Redemption and Termination Fee
・Gains on termination and redemption (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 position), tax will be withheld at sources at 20.315%. (As a rule, tax filing is notnecessary.)-

By filing a tax return, you can offset losses upon sale (capital losses) against capital gains fromlisted stocks, dividends etc. from listed stocks, and interest income from public and corporate
bonds and such like (as long as separated taxation has been chosen upon declaration). In
addition, gains on sale (capital gains), income distributions, and interest income from publicand corporate bonds etc. (if separated taxation has been chosen upon declaration) can beoffset 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 fromtaxation for an unlimited period up to a certain amount each year. The tax exemption is available
only to those who meet certain conditions, such as opening a tax-exempt account with 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 there
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.

1415