< Disclaimer for the English Overview of
the Delivery Prospectus of
Listed Index Fund Nikkei 225 (Mini)>
This document provides an overview of the Japanese “Summary Prospectus” (the “Delivery
Prospectus”) of Listed Index Fund Nikkei 225 (Mini) (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, 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.

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

Listed Index Fund
Nikkei 225 (Mini)

Nickname: JoJo Nikkei 225 (Mini)
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 andExchange 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 isprovided 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.

 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 Nikkei 225 (Mini), which isextended 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 8, 2024
pursuant to the provisions of Article 5 of the Financial Instruments and Exchange Act. The filingbecame effective on the next business day after the filing date.

Product Classification
Unit-Type/
Open-end
Investment
Trust

Open-end

Eligible
MarketEligible
Investments(SourceofIncome)Domestic

Equities

Segmentation by AttributeIndepend
ent
Segment

Supplementa
ryClassification

ETF

Index typeEligible
Investments

TimingofAccount
ing
PeriodGeographicalAreas ofInvestment

Index
Followed

Equities inGeneralSemiannuall
y

Japan

Nikkei
225

Please refer to the Investment Trusts Association, Japan website for definitions of products 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)

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 Nikkei 225
by investing in shares of the component stocks of the Nikkei 225, and maintaining, inprinciple, a portfolio constructed consistent with the calculation method of the Nikkei 225.
*The Nikkei 225 is an equity index developed by Nikkei Inc., and is calculated using 225 stocks
representing the equity market from the component stocks of the Prime Market of the Tokyo Stock
Exchange. The Nikkei 225 is a Dow-style adjusted price-weighted average, and the divisor isadjusted as required to maintain continuity.
Combined price of the 225
Nikkei 225 =stocks used in the index
Divisor*The current calculation method began in 1950 and retroactively calculated back to 1949.
The Nikkei 225 is the oldest Japanese stock index, and is well known among market
participants in Japan and abroad. The component shares are adjusted yearly based onmarket liquidity and sector balance. It is also reviewed based on the merging ofcomponent share and delisting.

Copyright and Other Rights of the “Nikkei 225”
THE “NIKKEI 225” IS A COPYRIGHTED WORK CACLUATED THROUGH A METHOD DEVELOPEDINDEPENDENTLY BY NIKKEI INC., AND IT HOLDS THE COPYRIGHTS AND ALL OTHER INTELLECTUAL
PROPERTY RIGHTS RELATED TO NIKKEI 225 ITSELF AND ITS CALCULATION METHOD.
ALL TRADEMARK RIGHTS AND OTHER INTELLECTUAL PROPERTY RIGHTS RELATING TO TRADEMAKRS OF“NIKKEI” AND “NIKKEI 225” BELONG TO NIKKEI INC.
MANAGEMENT OF THE FUND IS THE RESPONSIBILITY OF THE MANAGEMENT COMPANY, AND NIKKEI INC.
HAS NO RESPONSIBILITY FOR ITS MANAGEMENT OR THE TRANSACTIONS OF THE FUND.
NIKKEI INC. HAS NO OBLIGATION TO CONTINUE TO PUBLISH NIKKEI 225, AND IS NOT RESPONSIBLE FORMISTAKES, DELAYS OR SUPSENSIONS IN ITS ANNOUNCEMENT.
NIKKEI INC. HAS THE RIGHT TO CHANGE THE COMPONENT SHARES, CALCULATIONS METHOD AND OTHER
CONTENTS OF NIKKEI 225 AND TO CANCEL ITS ANNOUNCEMENT.

4Characteristics of the FundThis Fund aims to achieve investment returns that link withthe movement of Nikkei 225.
・This Fund aims to match the change in net assets per trust asset unit withthe rate of change in "Nikkei 225" and in principle invest in the equities thatmake up the "Nikkei 225".
* The investment management described above may not be carried out due
to market and financial conditions.

Units are listed on Tokyo Stock Exchange and can be traded at
any time 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 arequest for exchange.
・Units may be redeemed by the NAV on the day redemption is accepted.

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 as to the investment ratio for assets denominated in foreign currency.
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.

5

Investment Risks
Please refer to "Matters to Consider" on our website below for the related risk.
https://en.nikkoam.com/etf/1578-nikkei-225-mini

Past Performance
Please refer to "Net Asset Value and Performance" on our website below for the past performance.

https://en.nikkoam.com/etf/1578-nikkei-225-mini

6

Procedures,
Procedures, Fees,
Fees,and
andOther
OtherConsiderations
Items
Subscription Memorandum
Subscription Units

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

Subscription Price

NAV on the day the subscription is accepted.

Subscription
MethodPlease make the payment by the day designated by the distributor.
One unit of at least 1,000 units

Redemption 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 and including
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 have accepted on thatday. It must be pursuant to the procedures established by the Distributor.

Subscription
PeriodFrom April 9, 2024 to October 8, 2024.
*The subscription period can be renewed by filing another securities registration
statement before 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 nonbusiness 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.

Subscription orCancellation of
Subscription,
Redemption
Applications

The Management Company may suspend acceptance of applications forsubscription or requests for redemption, or cancel applications for subscription orrequests 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: March 22, 2013)

7

The Fund will be terminated early in any of the following cases:
・If the units are delisted on all the financial exchanges.
・If the Nikkei 225 is discontinued.

Early Termination

・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 Nikkei 225 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.

Income Distribution*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 ofthe end of each calculation period in the bank account designated in advance 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 bemade pursuant to the provisions of such agreement.

Maximum Amount
Equivalent to JPY 5 trillionof Trust Money
Electronic public notices are posted on the website of the Management Company.

Public Notification

Investment
Reports

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.

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.

Tax Treatment

・ 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.

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
Independently set by Distributors
Subscription
Fee

Redemption
FeeAmount to be
Retained in
Trust Assets*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.

Independently set by Distributors*Please contact your Distributor for further information.
* Exchange Fee is compensation for clerical processing of the exchange.
None

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

0.2937% (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 0.2475% (0.225% excluding taxes) per annum of the Fund’s daily NAV
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(annual rate)>
When above is 0.225%, 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
Total

Management Company

Trustee0.225%

0.185%

0.040%

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No more than 0.1% per annum of the Fund’s daily NAV
1. Expenses for the preparation and distribution of prospectuses, 2.
Cost for accounting and its incidental operations, 3. Cost for(Expenses for preparation of financial summary statement (including outsourcing fee
preparation of in case of outsourcing the (1) - (3) operations), 4. Auditing fees, 5.
Prospectus and Fees related to the listing of the fund, 6. Royalties for the "Nikkei 225",
and others are paid out of the trust assets at the times specified by theotherManagement Company.
expenses)* Auditing fee is an expense paid to audit firm for auditing of the
Fund
Expenses

Other
Expenses andFees

Brokerage
Commissions
and Other
Fees

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 (0.5 excluding
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 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.

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 adesignated 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 notnecessary.)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
dividends received deduction will not apply).
3) Tax on Cancellation and Termination Fee
・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