< Disclaimer for the English Overview of the Delivery Prospectusof Listed Index Fund International Bond (FTSE WGBI) Monthly
Dividend Payment Type >This document provides an overview of the Japanese “Summary Prospectus”(the “Delivery Prospectus”) of Listed Index Fund International Bond (FTSE
WGBI) Monthly Dividend Payment Type (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 ofthe content of this document, Nikko Asset Management Co., Ltd. cannot
guarantee the accuracy or completeness as differences of interpretation may
arise between the English and Japanese languages. In the event of any
inconsistency between this document in English and the Japanese version, theJapanese version shall prevail, except to the extent prohibited by the applicablelaw 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 informationin 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
modification of the Japanese version of the terms and conditions, there is no
guarantee that a corresponding update or modification will be made to thisEnglish document.
This English overview of the Delivery Prospectus has been prepared by Nikko
Asset Management 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, this document does not contain or constitute, and should not
be relied upon as an offer or invitation to make an offer for the purchase of thesesecurities (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 AssetManagement Co., Ltd.
1

Explanatory Booklet on the Investment Trust(English Overview of the Delivery Prospectus)
April 11, 2024

Listed Index Fund International Bond (FTSE
WGBI) Monthly Dividend Payment Type
Nickname: JoJo International Bond
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 theFund.
●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 thewebsite of the Management Company. You can also obtain a copy of the Prospectus
Issued upon Request from a Distributor. If you do so, please make a personal record tothat 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)
The Nomura Trust and Banking Co., Ltd.

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 International Bond(FTSE WGBI) Monthly Dividend Payment Type, which is extended by way of thisprospectus, the Management Company filed a securities registration statement with the
Director-General of the Kanto Local Finance Bureau on April 10, 2024 pursuant to theprovisions 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)Bonds

Independent
Segment

Segmentation by AttributeSupplementary
EligibleClassification Investments

ETF

Index type

Other Assets(Investment
Trust
Securities(Bonds, Public
Bonds))

Timing of
Accounting
PeriodGeographical Investme Currency
Index
Hedging
Areas ofnt
Followed
Investment Category

12 times
yearly(Monthly)

Other
(FTSE
World
Government Bond
Index(exJapan,nohedge,
yenbased)

Global (exJapan)

Fund ofFunds

No hedge

Please refer to The Investment Trusts Association, Japan website for definitions of product classification and segmentation by
attribute at https://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 Fund
The Fund seeks the net asset value per unit to track the performance of the FTSE Nonyen
World Government Bond Index (ex-Japan, no hedge, yen based) by mainly investing in theseparately stipulated investment trust securities.
*The FTSE WGBI is a bond index (ex-Japan) operated by FTSE Fixed Income LLC and calculated
to be an index of the total return of government bonds of major countries excluding Japanweighted by the market capitalization of each respective market.
FTSE World
Government Bond
Index =

Aggregate market value at the time of calculation
Aggregate market value at base point in time

×100

Copyrights to the "FTSE Nonyen World Government Bond Index"
The Listed Index Fund International Bond (FTSE WGBI) Monthly Dividend Payment Type (collectively, the"Fund") has been developed solely by Nikko Asset Management Co., Ltd. The “Fund” is/are not in any way
connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its
group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSEGroup companies.
All rights in the FTSE Nonyen World Government Bond Index (the “Index”) vest in the relevant LSE Group
company which owns the Index. “FTSE®”, “FTSE Russell®”, is/are a trade mark(s) of the relevant LSE Group
company and is/are used by any other LSE Group company under license.
The Index is calculated by or on behalf of FTSE Fixed Income LLC or its affiliate, agent or partner. The LSEGroup does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any
error in the Index or (b) investment in or operation of the “Fund”. The LSE Group makes no claim, prediction,
warranty or representation either as to the results to be obtained from the “Fund” or the suitability of the Index
for the purpose to which it is being put by Nikko Asset Management Co., Ltd.

4

Characteristics of the Fund•

While the Fund is a contractual-type investment trust, it is structured differently
from ordinary 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.
This Fund of Funds invests in securities held for investment trust.
International Bond Index Fund (for Institutional Investors)
The fund seeks the net asset value per unit to track the performance of the FTSE Nonyen
World Government Bond Index by mainly investing in global government bonds.
Money Open Mother FundThis fund seeks to achieve stable returns through stable management by investing in publicand corporate bonds.
Fund Structure

Investment Restrictions
 This fund will not invest in in any portfolio, stocks and bonds other than securities held for investment
trust, short-term corporate bonds, 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 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/1677-international-bond

Past Performance
Please refer to “Net Asset Value and Performance” on our website below for the past
performance.
https://en.nikkoam.com/etf/1677-international-bond

6

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

Units to be determined by the distributors starting at no less than 200*Please contact the distributor.

Subscription
Price

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

Subscription
MethodTo be paid by the day indicated by the distributor.

Redemption
Units

Units of 200 or more
* 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

The NAV on the business day after the redemption is accepted after deducting thetrust asset reserves.

Redemption
Proceeds

As a rule, payment will be made from the eighth business day after and including
the day on which a request for a 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 on that day. It must be pursuant to the procedures established by theDistributor.

Subscription
PeriodFrom April 11, 2024 to October 10, 2024.
* The subscription period can be renewed by filing another securities registration
statement before the expiration date shown above.

Non-acceptanceDays for
Subscriptions

On the days Distributors are open for business, applications for subscriptions will
still not be accepted on the days below. Please contact the distributors for details.
1) When the application day for subscriptions falls on 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 non-businessday.)2) Days where the British or New York stock exchanges or London or New Yorkbanks are closed.
3) In addition to the days referred to in 1) and 2) above, any time the Management
Company determines that unavoidable circumstances may prevent it frommaking investment in accordance with the basic policies set forth in the trust
deed.

7

Non-acceptanceDays forRedemption

On the days Distributors are open for business, applications for redemptions will
still not be accepted on the days below. Please contact the distributors for details.
1) For a period of five business days, beginning six business days prior to theaccounting date. (For a period of six business days, beginning seven businessdays prior to the accounting date when the accounting date falls on non-businessday.)2) Days where the British or New York stock exchanges or London or New Yorkbanks are closed.
3) In addition to the days referred to in 1) and 2) above, any time the Management
Company determines that unavoidable circumstances may prevent it frommaking investment in accordance with the basic policies set forth in the trust
deed.

Restrictions on
Redemption

Based on the size or product qualities of the fund, restrictions may be placed on thetiming or volume of large redemption units to avoid adverse effects on the fund’s
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 orrequests for a redemption that have already been accepted in the event that theFund is 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, settlement functions are halted, it determines that there isa possibility that investments in accordance with the basic investment policies set
forth in the trust deed will be hindered, or circumstances beyond their control
develops.

Trust Term

Unlimited (launch date: September 25, 2009)

Early
Termination

Early termination may be carried out in any of the following cases: If the Units are delisted from all the financial instruments exchanges on which
they have been listed.
 If FTSE WGBI (ex-Japan, no hedge, yen based) is discontinued.
 If any amendment to the trust deed deemed necessary by the Management
Company or Trustee because of a change in the calculation method or similar of
the FTSE WGBI (ex-Japan, no hedge, yen based) is not accepted by a written
resolution.
Early termination is possible in any of the following cases: If net assets of the Fund fall below 500,000,000 yen;
 If early termination is deemed advantageous for beneficiaries; or If any unavoidable circumstances arise.

Closing of
Account

The 10th of each month

IncomeDistribution

Dividends are paid twelve times a year in accordance with the following income
distribution policy:
In principle, the full amount of dividends and other incomes received in the trust
assets will be distributed after deducting expenses.
* In general, the Trustee will pay to each beneficiary their income distribution by wiretransfer on the day specified by the Management Company but within 40 days of theend of each calculation period in the bank account designated in advance by thebeneficiary. Where a beneficiary has signed a separate agreement with his or her
broker in connection with the treatment of income distribution, payment will be madepursuant to the provisions of such agreement.

8

MaximumAmount of Trust
Money

Equivalent to 5 trillion yen

PublicNotification

Notifications are posted on the Management Company website.
URL: www.nikkoam.com/* In the event that the notification cannot be posted online due to unavoidable
circumstances, this will be published in The Nikkei.

Investment
Reports

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 not eligible for the NISA.
 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

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 of clerical
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

An amount calculated by multiplying NAV at the time of a redemption by0.1 %(per unit)

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

0.4133% (TER includes Trust Fee, management fee and other costs below)※ This represents the actual TER for the period of January 11, 2023 - January
10, 2024.

No more than 0.165%(0.15% excluding taxes) per annum of
the daily total NAV 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 timeof termination 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)
Net
AssetsInvestment
Management
Expenses(Trust fee)

The Fund=NAV of investment period X Trust fee rate

Total

¥10.0
billionor less
More
than
¥10.0
billionManagement
Company

Trustee

0.12%

0.03%

0.13%

0.02%

0.15%

Manageme Compensation for investment managementnt CompanyTrustee Compensation for administration of assets
under management and execution of orders
from Management Company*Figures are excluding tax. Consumption tax will be added.

10

TargetInvestment
Trust Securities

Actual Cost

Expenses(Expenses for
preparation ofprospectus
and other
expenses)

Other
Expensesand Fees
Brokeragecommissions
and other fees

Approximately 0.11 % (0.1% excluding taxes) per annum of net
assets.
Approximately 0.275% (0.25% excluding taxes) per Annumof net assets.
※Subject to change based on changes in the constituent
issues or weighting of the target investment trust securities.

No more than 0.15% per annum of the daily total NAV of the Fund
Expenses for the preparation and distribution of prospectuses,
auditing fee, expenses for listing of the Fund, as well as royalties
for the FTSE WGBI (ex-Japan, no hedge, yen based) are paid outof the trust assets at the times specified by the Management
Company.
* 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, intereston advances, lending fee (in case security lending is conducted, theamount obtained by multiplying a lending fee on securities lent by afigure 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 thetrust assets each time they are incurred.
* The figures for items such as the rate and maximum amount cannot
be provided in advance 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 length andinvestment status, and thus cannot be shown.

11

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 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.
- 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