European Institutional Investor Chooses Nomura’s ETF（NF・Japan ESG Core ETF）
Tokyo, April 25, 2022 - Nomura Asset Management Co., Ltd. (NAM), the core company within theInvestment Management Division of Nomura Group, today announces that Varma Mutual Pension
Insurance Company (Varma), has chosen “NEXT FUNDS1 Solactive Japan ESG Core Index ETF(code:2850, NF・Japan ESG Core ETF)” as their responsible investment for Japanese equities.
Varma is a leading European pension insurance company based in Finland that proactively
addresses ESG issues through their investment.
The ETF was listed on the Tokyo Stock Exchange (TSE) on April 8, 2022 and raised JPY 42.2bil(€ 302mil) in the market as of April 20, 2022.2 The ETF is designed to invest in about 100 Japanesecompanies from multiple sectors with medium to long term growth potential and sustainablerelated developments that include a de-carbonization target.
Mr. Timo Sallinen, Head of Listed Securities, Varma, commented: “We wanted to make an
ESG investment that takes sustainability aspects into account also in the Japanese market. Thisis a systematic continuation of our ESG investments tailored to the US, European and emergingmarkets. For Japanese market Nomura was a natural choice since they know the market verywell."
Kiyoshi Agata, Senior Managing Director and Head of Institutional Client Unit, NAM,
commented: "We are honored that Varma, a major European pension insurer, has recognized
our ETF as a means of strengthening their exposure. Encouraged by this opportunity, we plan tofurther promote ESG investment in Japanese equities through ETFs to international investors."
NAM is one of Japan’s largest asset management companies that listed its first ETF in Japan inMay 1995. Today, the company manages over JPY27.2tril ($222bil) in ETFs, which makes NAM
the dominant player in Japan’s ETF market with 43% market share and hence the largest in Asia.3
NAM will continue to connect global investors and Japanese companies through its "ProjectBRIDGE"4, an initiative aimed at invigorating the Japanese equity and capital markets bystrengthening stewardship activities to improve the corporate value of Japanese companies. In
these activities, NAM is committed to enhancing Japan’s functions and presence as aninternational financial market and will focus on providing solutions to ESG investment needs of awide range of investors.

endsNotes to Editors:
1 “NEXT FUNDS” is the brand name for the ETF product range of Nomura AssetManagement Co., Ltd., representing “Nomura Exchange Traded Funds”.
For details, please check https://nextfunds.jp/en/

2 As of April 20, 2022. Converted JPY139.73 to EUR1.
3 As of end of March, 2022. Converted JPY122.39 to USD1.
4 Please refer to the news release “Nomura Asset Management to Launch “Project BRIDGE” to Link Investors andJapanese Corporations” issued on March 8, 2022. https://global.nomura-am.co.jp/media/pdf/20220308_JX6Q4GXY.pdf

About Nomura
Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By
connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments
through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment
Management. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients withcreative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.
About Varma Mutual Pension Insurance Company
Varma Mutual Pension Insurance Company is a Finnish responsible and solvent investor of pension funds. Thecompany is responsible for the statutory earnings-related pension cover of some 917,000 people in the private sector.
Premiums written totalled EUR 5.6 billion in 2021 and pension payments stood at EUR 6.2 billion. Varma’s investment
portfolio amounted to EUR 59.0 billion at the end of 2021.

Disclaimer of "Solactive Japan ESG Core Index"
THIS FUND IS NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY SOLACTIVE AG(“SOLACTIVE”) OR ANY OF ITS AFFILIATES. (COLLECTIVELY, THE “SOLACTIVE PARTIES”). THESOLACTIVE INDEX IS THE EXCLUSIVE PROPERTY OF SOLACTIVE. SOLACTIVE AND THESOLACTIVE INDEX NAME IS A SERVICE MARK(S) OF SOLACTIVE OR ITS AFFILIATES AND HAVEBEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY NOMURA ASSET MANAGEMENT CO., LTD.
NONE OF THE SOLACTIVE PARTIES MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR
IMPLIED, TO THE ISSUER OR OWNERS OF THIS FUND OR ANY OTHER PERSON OR ENTITYREGARDING THE ADVISABILITY OF INVESTING IN FUNDS GENERALLY OR IN THIS FUNDPARTICULARLY OR THE ABILITY OF ANY SOLACTIVE INDEX TO TRACK CORRESPONDING STOCKMARKET PERFORMANCE.
ALTHOUGH SOLACTIVE SHALL OBTAIN INFORMATION FOR INCLUSION IN OR FOR USE IN THECALCULATION OF THE SOLACTIVE INDEX FROM SOURCES THAT SOLACTIVE CONSIDERSRELIABLE, NONE OF THE SOLACTIVE PARTIES WARRANTS OR GUARANTEES THE ORIGINALITY,ACCURACY AND/OR THE COMPLETENESS OF ANY SOLACTIVE INDEX OR ANY DATA INCLUDEDTHEREIN. NONE OF THE SOLACTIVE PARTIES MAKES ANY WARRANTY, EXPRESS OR IMPLIED, ASTO RESULTS TO BE OBTAINED BY THE ISSUER OF THE FUND, OWNERS OF THE FUND, OR ANYOTHER PERSON OR ENTITY, FROM THE USE OF ANY SOLACTIVE INDEX OR ANY DATA INCLUDEDTHEREIN. NONE OF THE SOLACTIVE PARTIES SHALL HAVE ANY LIABILITY FOR ANY ERRORS,OMISSIONS OR INTERRUPTIONS OF OR IN CONNECTION WITH ANY SOLACTIVE INDEX OR ANYDATA INCLUDED THEREIN.
Disclaimer of Nomura Asset Management
The contents of this material are based on an English translation of a Japanese announcement made onApril 25, 2022 by Nomura Asset Management Co., Ltd. Whilst every effort has been made to translate theJapanese document into English, the accuracy and correctness of this translation are not guaranteed,
therefore please refer to the original Japanese document.
Please note that the information contained in this document is for reference purposes only and does notconstitute an offer to sell or the solicitation of an offer to buy securities by Nomura Asset Management Co.,2

Ltd. to any person in Japan and does not constitute a distribution, an offer to sell or the solicitation of an
offer to buy any securities or provide any services in any jurisdiction in which such distribution or offer is notauthorized.
Furthermore, none of the shares of the Fund have been or will be registered under the United States
Securities Act of 1933, as amended (“1933 Act”), or under the securities laws of any state or politicalsubdivision of the United States of America or any of its territories, possessions or other areas subject to its
jurisdiction including the Commonwealth of Puerto Rico (the “United States”). The Fund has not been andwill not be registered under the United States Investment Company Act of 1940, as amended, nor under
any other US federal laws.
Accordingly, the information in this document is not made or directed to any person in the United States andunder no circumstance shall the provision of the information in this document be deemed to constitute anoffer of securities or an offer to provide any services to any person in the United States or to any U.S. Person
as the term is defined under 1933 Act.
Furthermore, the information in this document is not made or directed to any person in the United Kingdom
and under no circumstances shall the provision of the information in this document be deemed to constitutean offer of securities or an offer to provide any services to any person in the United Kingdom.

3

Disclosures required in JapanETF Investment Risks
Since the Fund invests primarily in securities and futures contracts, there is a risk that the market price ofsuch securities or the NAV per unit of the Fund could decline and cause an investment loss due to a decline
in the index, a price decline in securities comprising the index, the bankruptcy of a security issuer, ordeterioration in the financial conditions of an issuer, in addition to other market factors.
Also, because some securities in the Fund are influenced by exchange rates, the NAV may fall due tofluctuations in the foreign exchange rate. An investor’s principal is therefore not guaranteed.
Furthermore, investment trusts are different from deposits and savings.
*ETF risks are not limited to the above.
Before investing in the Fund, prospective investors should carefully read the summary prospectus and basedecisions on their own judgement.
ETF Investment Costs
An investor shall bear the following costs when investing in the Fund.
Trading Fee:
Trading of the Fund incurs brokerage commission fees set by a Type-1 financial instruments businessprovider (securities firm) that handles the transaction. These commissions are separate from the actual
transaction value. (Because the commissions charged by each securities firm differ, it is not possible tospecify a maximum amount.)
Management Fees:
The total management fee is obtained by adding the amount determined in (2) below to the amountdetermined in (1) below. Management fees are paid from the trust assets, and therefore are charged
indirectly according to the period that the ETF is held.
(1) The amount obtained by multiplying the total net assets by a rate determined by the Management
Company not to exceed 1.045% annually* (0.95% exclusive of taxes).
*The maximum management fee of each ETF is indicated above. For some ETFs, the management fees
are calculated based on the Fund’s principal.
(2) If the securities belonging to the trust assets have been loaned, an amount no more than 55%* (50%exclusive of taxes) of the loan fees.**The highest loan fee of the ETFs is indicated.
Other Fees:ETF-related taxes, expenses necessary for trust administrative procedures (including various expenses
necessary for safekeeping of overseas assets), interest on advances provided by the trustee, salesconsignment fees incurred when securities included in the fund are traded, audit fees, other expenses(including expenses relating to listing of Beneficiary Interests and fees for the use of trademarks to subject
indexes), and consumption taxes on these fees are incurred, when applicable, during the trust period. These
expenses are paid from the trust assets and are charged indirectly during the period that the ETF is held.
Other expenses will vary according to investment circumstances, and consequently, rates and maximum
amounts cannot be specified in advance.
The total amount of the above fees and expenses will vary according to investment duration, so they cannot
be specified ahead of time.
For further details, please refer to the “Fund Expense and Taxes” section of the summary prospectus.
Notes
Nomura Asset Management Co., Ltd. does not directly handle order requests for the Fund from investors.
To invest in the Fund it is necessary to open an account with a nearby Type-1 financial instruments businessprovider (securities firm) that handles ETFs and make a request to the broker.
Registered Company Name: Nomura Asset Management Co., Ltd.
Registration Number: Director of the Kanto Local Financial Bureau (Financial instruments firms) No. 373
Member Associations: The Investment Trusts Association, Japan; Japan Securities Investment Advisers
Association; Type II Financial Instruments Firms Association4