September 5, 2022
Notice regarding the change of the trust fee rate of NEXT FUNDS Nikkei 225 Exchange
Traded Fund (Code: 1321)
Nomura Asset Management Co., Ltd. hereby provides notice of a change to the trust fee
rate of the NEXT FUNDS Nikkei 225 Exchange Traded Fund (Code: 1321)
ETF
NEXT FUNDS Nikkei 225 Exchange Traded Fund (Code: 1321; hereinafter referred toas “this ETF”)
Details and reasons for the changes
i. In order to improve convenience for beneficiaries, the upper limit of the trust fee rate(excluding tax) will be lowered as follows:
Before amendment

After amendment

Not more than 0.22%/year

Not more than 0.165%/year

ii. The trust fee rate (excluding tax) based on the balance of this ETF’s total net asset
value and allocations shall be as follows, depending on the balance of this ETF’s total net
asset value on the last business day in January and July of each year, and shall beapplied during the period specified by Nomura Asset Management Co., Ltd.
The trust fee rate based on the balance of this ETF’s total net asset value as of the lastbusiness day of July 2022 is 0.12782% per annum (0.1162% excluding tax) and will beapplied from September 28, 2022 to March 29, 2023. The trust fee rate and the applicable
period to which the trust fee applies shall be reviewed every six months and shall beannounced in the prospectus and by other means.
Total net asset value of

Total annual

ManagementTrustee

this ETF

trust fee ratecompany

Asset values exceeding

0.165%

0.10%

0.065%

0.145%

0.095%

0.05%

0 yen up to 1 trillion yen(inclusive)
Asset values exceeding
1 trillion yen (exclusive)up to 2 trillion yen(inclusive)
Asset values exceeding

0.135%

0.095%

0.04%

0.10%

0.085%

0.015%

0.08%

0.07%

0.01%

0.04%

0.03%

0.01%

2 trillion yen (exclusive)
up to 4 trillion yen(inclusive)
Asset values exceeding
4 trillion yen (exclusive)
up to 5 trillion yen(inclusive)
Asset values exceeding
5 trillion yen (exclusive)
up to 8 trillion yen(inclusive)
Asset values exceeding
8 trillion yen
Following the introduction of the new, tiered trust fee rate table shown above, theapproximate trust fee rates (excluding tax) and the allocations, which are applied
according to the balance of this ETF on the last business day in January and July of eachyear, will be as follows.

Balance of this ETF on
the last business day inTotal annual

Management

January and July of eachtrust fee ratecompany

1 trillion yen

0.1650%0.1000%0.0650%2 trillion yen

0.1550%0.0975%0.0575%

3 trillion yen

0.1482%

0.0966%

0.0516%

4 trillion yen

0.1449%0.0962%0.0487%

5 trillion yen

0.1360%0.0940%0.0420%6 trillion yen

0.1266%0.0900%0.0366%

7 trillion yen

0.1199%0.0871%0.0328%

8 trillion yen

0.1150%0.0850%0.0300%9 trillion yen

0.1065%0.0788%0.0277%10 trillion yen

0.1000%0.0740%0.0260%Trusteeyear

Filing objections and procedures for amendments of terms and conditions
Since this amendment to the terms and conditions does not constitute a significant
change to the terms of the agreement, there will be no procedures for filing objections.
Schedule for the amendment
September 27, 2022: Notification date for the amendment above
September 28, 2022: Effective date of the amendment above