< Disclaimer for the English Overview of the Delivery Prospectus of
Listed Index Fund China A Share (Panda) E Fund CSI300>
This document provides an overview of the Japanese “Summary Prospectus” (the “Delivery
Prospectus”) of Listed Index Fund China A Share (Panda) E Fund CSI300” (the “Fund”) in
English. The Japanese Delivery Prospectus is the offering document. This document inEnglish 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, thisdocument 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 Investment Trusts(English Overview of the Delivery Prospectus)

April 20, 2024

Listed Index Fund
China A Share (Panda) E Fund
CSI300Nickname: JoJo Panda

Open-end investment trust, Overseas, Equities, 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 read or downloaded from the website of theManagement Company. You can also obtain a copy of the Prospectus Issued upon Request from a Distributor. If you do so, please make apersonal 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)
Nomura Trust and Banking Co., Ltd.

Established and managed by

Nikko Asset Management Co., Ltd.
2

●When any significant amendment is made to the content of the Fund, we will confirm the intentionof investors (beneficiaries) in advance in accordance with the Act on Investment Trust andInvestment Corporations (Act No. 198 of 1951).
●The Fund assets are classified and managed by the Trustee pursuant to the Trust Act (Act No.108
of 2006).
●In connection with the invitation for subscription to Listed Index Fund China A Share (Panda) E Fund
CSI300, which is extended by way of this prospectus, the Management Company filed a securities
registration statement with the Director-General of the Kanto Local Finance Bureau on April 19,
2024 pursuant to the provisions of Article 5 of the Financial Instruments and Exchange Act. The
filing became effective on the next business day after the filing date.

Product Classification
Unit-Type/
Open-end
Investment
Trust

Open-end

Eligible
MarketOverseas

Eligible
Investments(Source ofIncome)Equities

Independent
Segment

Segmentation by AttributeSupplementaryClassification

Eligible
Investments

Timing of
Accounting
PeriodGeographicalAreas ofInvestment

Investment
Category

Foreign
Exchange
Hedge

Index
Followed

Index type

Other Assets(investment
trust
securities(Equities ingeneral)Annually

Asia

Fund OfFunds

No hedge

Other(CSI300
Index)ETF

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 Japanese yen.

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 FundThis is a Fund that invests in investment trust securities that target price performancelinked to the yen-converted China Securities Index (CSI) 300 Index. The Fund mainly
consists of investments in Investment trust securities listed on a Chinese financial
exchange and stock issues adopted for the CSI300 Index, and aims to keep the Net
Asset Value (NAV) closely linked with the performance of the Index on a yen-equivalentbasis.
*The CSI300 Index consists of top 300 A-shares in terms of market capitalization andliquidity among those listed on the Shanghai or Shenzhen Stock Exchanges. It is the
key index for Chinese stock prices. The Index is weighted by the market capitalizationof each stock in the index reflecting free float weight. The base period is December 31,
2004. The total market capitalization as of the base period is 1,000 and the subsequent
market capitalization is indexed.
The continuity of the Index is secured by adjusting the market capitalization in amanner that precludes any influence of fluctuations in the market capitalization
including paid-in capital increases, new listing and delisting, which are not considered
as valid indicators of the market conditions.
Market capitalization
at the time of
calculation
CSI300 Index =×1,000Market capitalization
at the base period
The CSI300 Index is calculated by China Securities Index Co., LTD (CSI). CSI and the Shanghai and
Shenzhen Stock Exchanges will take all measures necessary to secure accuracy of the CSI300 Index.
However, CSI and the Shanghai and Shenzhen Stock Exchanges, are not responsible for any error
related to the CSI300 Index, irrespective of whether negligence exists, and they are not obliged to
inform anyone of any error related to the CSI300 Index.
All copyrights, including the value of the Index and shares incorporated therein, belong to CSI.

Characteristics of the Fund
●While the Fund is a contractual-type investment trust, it is structured differently fromordinary investment trusts with respect to the following aspects:

Units are listed on Tokyo Stock Exchange and can be tradedat any time during trading hours.
・Units may be traded in blocks of 10 units (as of the date of filingsecurities registration statement).
・Brokerage commissions shall be determined by brokers.
・The method of trading is generally the same as that for stocks.

the*Please contact your broker for further details.

 This Fund of Funds invests in investment trust securities.
Nikko CSI300 Index Fund (for Institutional Investors)

The Fund will invest mainly in "China A Share CSI300 Index Mother Fund," and seeks to see
its performance to correlate with the movement of the yen-converted CSI300 Index.
4

(Reference) Nikko AM China RMB A-Share CSI300 Index Mother Fund
The Fund will invest mainly in E Fund CSI300 ETF*, Yuan-denominated shares ofChinese companies, and seeks to see its performance to correlate with the movement of
the yen-converted CSI300 Index.
*E Fund CSI300 ETF
This RMB denominated foreign investment trust is listed on a Chinese financial
exchange and aims to be linked to the CSI 300 index.
Money Open Mother FundThis Fund aims to ensure stable returns by investing in public and corporate bonds.

Fund Structure

Major Investment Restrictions
・ No direct investment in any securities other than investment trust securities, short-term
corporate bonds, commercial paper and designated money trust will be made.
・ No restrictions apply to the actual investment ratio of foreign currency-denominated assets.
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 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/1322-china-a-share-panda-csi-300

Past Performance
Please refer to “Net Asset Value and Performance” on our website below for the past
performance.
https://en.nikkoam.com/etf/1322-china-a-share-panda-csi-300

6Procedures, Fees,
Fees andand Other
Other Conditions
Conditions
Procedures,
 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 Method

Please make payments by the day designated by the distributor.

Subscription limit

Applications for subscription shall be accepted as far as the amount ofpurchase does not exceed the upper limit of investment set by the China QFII
Rules.

Redemption Units* Units to be determined by the distributors starting at no less than 2,000* Please contact the distributor or the management company for information on
redemption units.
* A beneficiary may ask a Distributor to buyback his or her Units where thetotal number of Units owned is less than the minimum-trading unit for the
Units established by the stock exchange. Please contact the distributors fordetails.

Redemption Price
Redemption
Proceeds

Amount after deducting the amount retained in trust assets from NAV of thefollowing business day of the redemption application date.
As a rule, the payment will be made from the sixth business day after andincluding the day on which a request for redemption is made.

Business Hours for As a rule, applications for subscriptions and redemptions that are completed by
12 p.m. on the days Distributors are open for business are deemed to have
Subscription
andbeen accepted on that day. It must be pursuant to the procedures established
Redemption
by the Distributor.
Subscription Period

From April 20, 2024 to October 18, 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.

Non-acceptanceDays for
Subscriptions

1) When the application day for subscriptions is two business days prior to theaccounting date. (For a period of two business days, beginning three businessdays prior to the accounting date when the accounting date falls on nonbusiness day.)2) When the application day for subscriptions is non-business day for the
Shanghai or Shenzhen Stock Exchanges or banks in China.
3) When there are 2 or more non-business days for the Shanghai or Shenzhen
Stock Exchanges or banks in China for the period of 6 business days from theapplication day for subscriptions.
In addition to the days referred to 1), 2), and 3), any time the Management
Company determines that unavoidable circumstances have developed that may
prevent it from investing in accordance with the basic policies set forth in the trust
deeds.

Non-acceptanceDays forEven on the days where the distributor is open for business, applications forredemptions will not be accepted on the following days. Please contact the7Redemptions

distributors for details.
1) When the application day for redemptions is for a period of three businessdays, beginning four business days prior to the accounting date. (For a periodof four business days, beginning five business days prior to the accounting
date when the accounting date falls on non-business day.)2) When the application day for redemptions is non-business day for the
Shanghai or Shenzhen Stock Exchanges, or banks in China.
3) When there are 2 or more non-business days for the Shanghai or Shenzhen
Stock Exchanges or banks in China for the period of 6 business days from theapplication day for redemptions.

Restrictions on
Redemption

In addition to the days referred to 1), 2), and 3), any time the Management
Company determines that unavoidable circumstances have developed that may
prevent it from investing in accordance with the basic policies set forth in the trust
deeds.
Based on the size or product characteristics of the fund, restrictions may beplaced on the timing or volume of large redemption units to avoid adverse effects
on the fund’s management.

Applications

The Management Company may suspend acceptance of applications
for subscription or requests for redemption, or cancel applications forsubscription or requests for a redemption that have already been
accepted in the event that the Fund is unable to invest in target
investment trust securities, exchanges of the target investment trust
securities are no longer possible, trading on a stock exchange issuspended, trading of foreign exchange is suspended, settlement
functions are halted, emergencies in invested countries (such as
financial crises, government default due to financial reasons,significant policy changes or introductions of new regulations
including asset freezes, natural disasters, coups or significant
political changes, or war) results in market suspension or substantial
decrease in liquidity or it determines that there is a possibility thatinvestments in accordance with the basic investment policies set
forth in the trust deeds will be hindered or circumstances beyond
their control develops.

Trust Term

Unlimited (date of launch: April 7, 2008)

Early Termination

Early termination shall be carried out in the case that any of the following
events occurs:
・Total net assets fall below JPY0.5 billion.
・ Units come to be delisted from all the financial instruments
exchanges on which they have been listed.
・The CSI300 Index comes to be discontinued.
・Amendment to the trust deed, which the Management Company
or Trustee considers to be necessary due to any change made to
the calculation method of the CSI300 Index, is not accepted by awritten resolution.
Early termination may occur in any of the following events:
・Total net assets fall below JPY1 billion;
・Early termination is judged to be advantageous to beneficiaries
・Any unavoidable circumstance arises.

Closing Date

January 20 of each year

Suspension or Cancellation of
Subscription, Redemption

8

Income Distribution

Maximum Amount of Trust
Money

Dividends are paid once a year in accordance with the following income
distribution policy:* As a rule, the Trustee shall pay to beneficiaries their income by making
a wire transfer to the bank account designated in advance by thebeneficiary concerned on the day specified by the Management
Company but within 40 days from the end of each calculation period.
When a beneficiary has signed a separate agreement with his/her
broker in connection with the treatment of income distribution, payment
will be made pursuant to the provisions of such agreement.
1 trillion yen

Public Notification

Public notifications will be posted on the website of the Management
Company.
URL: www.nikkoam.com/* In the event that a public notification cannot be posted online due toany unavoidable circumstances, notification will be made in The
Nikkei.

Investment Reports

Pursuant to the Act on Investment Trust and Investment Corporations,investment reports will not be prepared and published.
For tax purposes, the Fund is treated as an exchange-traded fund(ETF).

Tax Treatment

・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
depending on 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.

9

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

Redemption
Fee

The amount to be set independently by Distributors*Please contact your Distributor for further details.
* Subscription Fee is compensation for explanation and information providing about
the Fund or investment environment, and is also including expense of clerical
processing of the subscription.
The amount to be set independently by Distributors*Please contact your Distributor for further details.
* Exchange Fee is compensation for clerical processing of the exchange.

AmountAn amount calculated by multiplying NAV at the time of a redemption by
Retained in
0.6% (per unit)
Trust Assets
Costs paid indirectly by the customer for the trust assets (paid from the fund)

TER(TotalExpenseRatio)

0.6024% (TER includes Trust Fee, management fee and other costs below)※This represents the actual TER for the period of January 23, 2023 - January 19,
2024.
The amount to be obtained after multiplying the total net assets of
the Fund by an annual rate not exceeding 0.165%(0.15% excluding
tax).

the FundInvestment
Management
Expenses(Trust fee)

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 oftermination of the Trust.
<Distribution of Investment Management Expenses(annual rate)>
When above is 0.15%, as of the date of filing of the securities
registration statement:
Investment Management Expenses(Trust fee)
=NAV of investment period X Trust fee rate
Management
Total
TrusteeCompany
0.15％
0.10％
0.05％
Management Com
pany
Trustee

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

Approximately 0.365% (0.35% excluding tax) per annum against total
NAV.
TargetInvestment
Trust Securities※Trust fee of the Nikko CSI300 index Fund (for Institutional Investors)
to invest it takes about an annual rate of 0.165%(0.15% excluding tax) ,in addition trust fees of E Fund CSI300 ETF to substantially invest willtake about 0.20%.

10

Approximately 0.53%(0.50% excluding tax) per annum against
total NAV
Expenses borne ※The actual annual rate of trust fees paid by beneficiaries varies
depending on the percentage of target investment trust securities,
by the investorschanges to such investment trust securities, the percentage oftarget ETF for substantial investment, changes to such ETF andother factors.

Other
Expenses andFees

Expenses(Expenses for
preparation ofprospectuses
and other
expenses)

No more than 0.1% per annum of the daily total NAV of the Fund
Expenses for preparation and distribution of prospectuses,
auditing fee, expenses for listing of the Fund, as well as royalties
for the CSI300 Index are paid out of the trust assets at the times
specified by the Management Company.
* Auditing fee is an expense paid to audit firm for auditing of
the FundBrokeragecommissions
and other fees

Brokerage commissions on securities in the portfolio, expenses forcustody of assets in foreign countries, interest on borrowings, intereston advances, and other fees are paid out of the trust assets each timethey are incurred.
*Rates, upper limit, etc. cannot be determined in advance as theyfluctuate 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 length andinvestment status, and thus cannot be shown.

11

Tax Treatment
Tax treatment for Japanese individual investors
1) Taxation upon sale of Units
・Gains on sale (capital gains) are deemed to be an income from transfer and thus need to be
filed to declare for separate taxation at 20.315%. When a beneficiary has chosen adesignated 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 not necessary insuch case.)
2) Taxation upon receipt of income distributions
・Income distributions are regarded as a dividend income, and tax is withheld at source at
20.315%. (As a rule, tax filing is not necessary.) Investors can also file a tax return, andchoose either separated taxation, based on declaration, or consolidated taxation (to which
deduction for dividends shall not apply).
3) Taxation upon cancellation or termination
・Gains upon cancellation or termination (capital gains) are deemed to be income fromtransfer and thus have to be filed to declare for separate taxation at 20.315%. When abeneficiary 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 ageneral 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.

1213