Committee Resolutions on Investment Reports Concerning Investment Trusts andInvestment Corporations
Established on March 19, 2004
Revised on December 10, 2004
Revised on May 19, 2005
Revised on May 11, 2006
Revised on June 8, 2006
Revised on January 11, 2007
Revised on September 21, 2007
Revised on November 8, 2007
Revised on March 13, 2008
Revised on July 10, 2008
Revised on September 11, 2008
Revised on January 16, 2009
Revised on March 19, 2009
Revised on October 14, 2010
Revised on March 15, 2012
Revised on June 12, 2014
Revised on November 20, 2014
Revised on May 18, 2017
Revised on September 20, 2018
Revised on April 18, 2019

This committee resolution sets forth the form and presentation guidelines of the items to be indicated forinvestment reports as provided in Article 8 and Article 14, and monthly disclosure as provided in Article 16,
Paragraph 3 and Article 16-2, Paragraph 3 to which the Self-Regulation Committee has been delegatedpursuant to the Rules for Investment Reports, etc., for Investment Trusts and Investment Corporations.

1. The form and presentation guidelines of items to be indicated pertaining to the Investment Report (FullVersion) provided in Article 8 of the Rules shall be as shown in Attached Table 1.

2. The form and presentation guidelines of items to be indicated pertaining to the Investment Reports (Delivery
Version) prescribed in Article 8 of the Rules shall be as shown Attached Table 1-2.

3. The form and presentation guidelines of items to be indicated pertaining to the investment report as
stipulated in Article 14 of the Rules shall be as shown in Attached Table 2.

4. The form and presentation guidelines of items to be indicated pertaining to monthly disclosure as prescribedin Article 16, Paragraph 3 and Article 16-2, Paragraph 3 of the Rules shall be as shown in Attached Table 3.

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Supplementary ProvisionThis Sub-Committee resolution shall be implemented from April 1, 2004.

Supplementary ProvisionThis revision shall be in force from the date of commencement of trading on the Jasdaq Securities Exchange,
Inc.

Supplementary ProvisionThis amendment shall come into effect on May 19, 2005.

Supplementary ProvisionThis amendment shall come into effect on May 24, 2006.

Supplementary ProvisionThis amendment shall come into effect on June 19, 2006.

Supplementary ProvisionThis amendment shall come into effect on January 19, 2007.

Supplementary ProvisionThis revision will come into effect on September 30, 2007.
However, the revised provisions shall apply as of the new accounting period starting on the effective date.

Supplementary ProvisionThis amendment shall come into effect on November 16, 2007.

Supplementary ProvisionThis amendment shall come into effect from the date on which the Option Certificates, etc., are listed on the
Osaka Securities Exchange, Inc.
Provided, however, with regard to investment Trust Property for which the calculation period commenced prior
to the implementation date, the provisions then in force may remain applicable.

Supplementary ProvisionThis amendment shall come into effect on July 18, 2008.

Supplementary ProvisionThis amendment shall come into effect on October 1, 2008.

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Supplementary ProvisionThis amendment shall come into effect on January 16, 2009.

Supplementary ProvisionThis amendment shall come into effect on March 19, 2009.

Supplementary ProvisionThis revision shall be effective as from January 1, 2011. Revised Attached Table 2 shall apply starting with theinvestment report to be prepared on or this date, and revised Attached Table 3 shall apply starting with themonthly disclosure based on or after the same date.

Supplementary Provisions
1. These amendments shall be effective as of June 1, 2012, and shall apply to investment reports for investment
trusts with settlement of accounts on and after that date.
2. Notwithstanding the foregoing Paragraph 1., Full Members shall not be precluded from operating under therevised provisions until such effective date.

Supplementary Provisions
1. These amendments shall take effect on December 1, 2014, and apply to investment trust Investment Report(Full Version) and Investment Reports (Delivery Version) with preparation dates (as stipulated in Article 14,
Paragraph 1 of the New Investment Trust Act) falling on and after the effective date, and the provisions thenin force for investment reports with preparation dates (as stipulated in Article 14, Paragraph 1 of the Old
Investment Trust Act) falling prior to the effective date shall remain applicable.
2. In Article 38 (Review) of the Supplementary Provisions of the Investment Trust Act, the “government shallreview the provisions of each law after its revision (hereinafter in this article referred to as “each revisedlaw”) in principle 5 years from the effective date, and take measures as deemed necessary based on the
results thereof in consideration of the state of enforcement of each revised law”).
* The amended Articles are as follows:(1)

1 is revised.

(2)

Old 2 and old 3 are moved down one place, and a new 2 is added.

(3)

Attached Table 1 headings, 2 (1) B (c), and (3) Table A and B (b) are revised, and items from the old (c) to the old (f)are each moved down by one character, and (c) is newly added.

(4)

Attached Table 1 2 (4) headings, Table A, (Note 1), (Note 2), B headings and (c) are revised, the old (k) is deleted, andthe old (l) shall be moved up to (k), and a new (l) and (m) shall be added.

(5)

Attached Table 1 2 (16) B (d) is revised.

(6)

Attached Table 1-2 is newly added.

(7)

Attached Table 2 old 5 (3), old 6 is moved down to 6 (1) and 6 (2) and 7 is newly added.

–3–Supplementary Provisions
This revision shall take effect on December 1, 2014, and apply to the Investment Report (Full Version) and theInvestment Report (Delivery Version) of investment trusts pertaining to the preparation date stipulated in
Article 14, Paragraph 1 of the new Investment Trust Act falling after the effective date, and the investment
report pertaining to the preparation date stipulated in Article 14, Paragraph 1 of the old Investment Trust Act
that falls prior to the effective date shall remain applicable.
* The revisions are as follows:(1)

G is newly added to Attached Table 1 2 (5) A. Form Example (a) and the following G through M are moved down.

(2)

Attached Table 1 2 (5) B. Labeling Considerations (a) is revised.

(3)

Attached Table 1 2 (12) A. Form example (l) is newly added and the following (l) through (x) are moved down.

(4)

Attached Table 1 2 (12) B. Labeling Considerations (a) is revised.

(5)

Attached Table 1 2 (16) A. Form Examples (a) and B. Labeling Considerations (a) is revised.

Supplementary Provisions
This amendment shall come into effect on May 18, 2017.
* The revisions are as follows:(1)

Attached Table 2 6 (1) is deleted. (2) is moved up and A. Form Examples and B. (c) are revised.

(2)

Attached Table 3 3 is deleted. 4 is moved up and A. Form Examples and B. (b) are revised.

Supplementary Provisions
These amendments shall be effective as of September 30, 2019, shall apply to investment trust Investment
Report (Full Version) and Investment Reports (Delivery Version) with preparation dates (as stipulated in
Article 14, Paragraph 1 of the Investment Trust Act) falling on and after the effective date. However, this shallnot preclude the application of the amended provisions prior to the effective date.
* The revisions are as follows:(1)

Attached Table 1 2. (4) (n) and (5) are newly added. Old (5) through (18) are moved down.

(2)

Attached Table 1-2 2. (1) (i) A. Examples of Indication and B. Labeling Considerations are revised.

(3)

Attached Table 1-2 2. (1) (iii) (n) and (iv) are newly added. Old (iv) through (viii) are moved down.

Supplementary ProvisionThis amendment shall come into effect on May 1, 2019.
* Necessary arrangement in connection with the change of era name–4–

Attached Table 1

Form and Indication Examples of an Investment Report (Full Version) for a
Securities Investment Trust(Articles 2 and 3 of the Rules)

1. Structure of Fund (Article 2, Paragraph 1, Item 4 of the Rules)
A. Form Examples
The structure of fund is as follows:
Instrument
Classification
Trust Period andClosed Period
Investment Policy
Major Investment

Baby funds

Targets

Stock mother funds
Maximum ratio of incorporation ofIncorporation

mother funds into baby funds

Restriction

Maximum ratio of incorporation of stocks
into mother funds

Distribution Policy

B. Considerations in Labeling “Structure of Fund”(a) The instrument classification shall be those stated in the prospectus.
(b) When the investment policy is indicated in the case of a fund for system investment, the name of thesystem shall be indicated.

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2. Items to be Indicated in the Text (Article 3 of the Rules)
The form of items to be indicated in the text shall be as follows:(1) Investment performance since establishment
A. Form Examples(a) In the case of unit type investment trusts〇

Investment Performance Since Establishment

Benchmark(Reference
Ratio
index)
Stock
Principal
Settlement
BeneficiaryofRemaining
Fluctuation
Fluctuation Incorporation
PeriodYield
Stock
Dividend Fluctuation
Ratio, etc.
Rate
Rate
Rate
Futures(Ex-Distribution) Including
DuringDuringDuringTax
PeriodPeriodPeriod
Yen
Yen
Yen
%
%
%
%
%
%
(Inception Date)
–
–
–
–
–
MM/DD/YYYY
Base Value

1st Period(MM/DD/YYYY)……………

2nd Periodn Period(Notes)1. Fluctuation amount and fluctuation rate of the base value include dividends.
2. Ratio of stock futures = Buying ratio - Selling ratio–6–

(b) Open type investment trusts
Fund with an accounting period of less than 6 months〇

Investment Performance During the Last 5 Preparation Periods (for Open Type Bond Investment Trusts, theLast 3 Preparation Periods)
Benchmark(Reference
index)

Base Value
Preparation Period

End of 1st Preparation
PeriodMM/DD/YYYY
End of 2nd
Preparation Period
MM/DD/YYYY
End of 3rd Preparation
PeriodEnd of 4th Preparation
PeriodEnd of 5th Preparation
Period(Notes)Stock
Ratio of
Fluctuation Fluctuation Incorporation Stock Total Net
Dividend
AssetsRate
Rate
Ratio, etc. Futures(Ex-Distribution) Including
DuringDuringTax
PeriodPeriod
Yen

Yen

%

%

%

%

Millionsof yen1. The fluctuation rate in the base value includes dividends.
2. Ratio of stock futures = Buying ratio - Selling ratio

Funds with an accounting period of 6 months or more〇

Investment Performance During the Last 5 Periods (for Open Type Bond Investment Trusts, the Last 3

Preparation Periods)
Benchmark(Reference
index)

Base Value
Settlement Period

1st Period
MM/DD/YYYY
2nd Period
MM/DD/YYYY
3rd Period
4th Period
5th Period(Notes)Stock
Ratio of
Fluctuation Fluctuation Incorporation Stock Total Net
Dividend
AssetsRate
Rate
Ratio, etc. Futures(Ex-Distribution) Including
DuringDuringTax
PeriodPeriodYen

Yen%

1. The fluctuation rate in the base value includes dividends.
2. Ratio of stock futures = Buying ratio - Selling ratio

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%

%

%

Millions ofyenB. Labeling Considerations(a) In the case of a fund for which benchmarks are specified in the Contracts or prospectus, suchbenchmarks shall be indicated as reference indices, and in the case of other funds, appropriate
indices (for example, the Nikkei 225 Series, TOPIX, stock price index by capital size, overseas
stock price index, CB Quick average, or exchange rate, etc.) shall be indicated as referenceindices in accordance with the nature of those instruments.
(b) In the “Explanation of Investment Progress, etc.,” if the transition of the base value cannot beshown in a chart together with the benchmark (or reference index such as a stock index in theabsence of a benchmark), the specific reason they are not shown together (for example, a detailed
reason why the benchmark or reference index does not exist even in the case of a theme type fundor pursuit of absolute return type fund shall be listed. ) shall be indicated by a note made in acolumn in the “Investment Performance Since Establishment.”(c) Items such as the stock incorporation ratio shall indicate the ratio of major assets to be invested
that is determined appropriate in accordance with the investment guidelines of the fund (forexample, the ratio of corporate bonds with stock options (convertible bonds) for a fund invested
mainly in corporate bonds with stock options (convertible bonds)).
Stock options certificates (including warrant certificates, the same shall apply hereinafter in
Attached Table 1) and option certificates with the nature of shares shall be included in the stock
ratio of incorporation, and it shall be noted that stock options certificates and option certificates,
etc., having the nature of shares shall be included.
In the case of the family fund method, the substantial incorporation ratio shall be indicated.
(d) Funds with an accounting period of less than 6 months shall be indicated at the end of each
preparation period.
However, such presentation may be made at the end of each fiscal year.
(e) In the event that any fund whose accounting period is less than 6 months is indicated at the end ofeach preparation period, the explanation of the settlement period corresponding to the preparation
period of every 6 months ( __th period through __th period) shall be noted in the margin.
(f) For a fund of funds, stock price index, etc. expressing the goal of the fund of funds and theincorporation ratio of the Investment Trust Securities shall be indicated.
(g) In the case of a securities investment trust for which the provisions in Article 12, Item 2, (a) of theOrder for Enforcement of the Act on Investment Trusts and Investment Corporations are provided
in the contracts of the investment trust, index that expresses the interlock rate between thefluctuation of index subject to the interlocking (meaning the index to be interlocked as prescribedin Article 19, Paragraph 2 of the Regulation for Enforcement of the Act on Investment Trusts andInvestment Corporations (Cabinet Office Ordinance No. 129 of 2000) and fluctuation of the net
assets (base value) of the investment trust property. The same shall apply hereinafter. ) shall be
indicated.

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Interlock Rate (Example)
Net assets at the end of
periodNet assets at the
beginning of period÷Index subject to interlocking
at the end of period
Index subject to interlocking
at the beginning of period–9–×100(%)

(2) Base Value and Market Trend
A. Form Examples
Fund with an accounting period of less than 6 months〇

Base Value and Market Trend for the Past 6 Months

Settlement
PeriodBenchmark
Stock(Reference index)
Ratio of
Incorporation
Stock Futures
Fluctuation
Fluctuation
Ratio, etc.
Rate
Rate

Base Value
MM/DD/YYYY(Beginning of period)

Yen

%

%

%

%

(End of month)__th Period(End of month)(End of period)
MM/DD/YYYY(Beginning of period)(End of month)__th Period(End of month)(End of period)
MM/DD/YYYY(Note) Base value at the end of the period includes dividends, and the fluctuation rate is as compared with the beginning of theperiod.

–10–

Funds with an accounting period of 6 months or more

Base Value and Market Trends for the Current Period
BenchmarkBase Value
Stock
Ratio of(Reference index)
MM/DD/YYYY
Incorporation Stock
Fluctuation
Fluctuation
Ratio, etc. Futures
Rate
Rate
Yen
%
%
%
%
(Beginning of
period)MM/DD/YYYY〇(End of month)(End of month)(End of period)
MM/DD/YYYY(Note) Base value at the end of the period includes dividends, and the fluctuation rate is as compared with the beginning of theperiod.

B. Labeling Considerations(a) Labeling Considerations (a), (b) and (c) in “Investment Performance Since Establishment” shallbe applied correspondingly.
(b) The monthly base date during the period excluding the beginning and end of the period shall be
the last business day at the end of the month. Provided, that the end-of-month notice may beomitted when such information is determined not necessary in accordance with the nature of thefund’s instruments.
(c) The fluctuation rate of base values and stock price indexes shall be as compared with the
beginning of the period.
(d) For funds with an accounting period of less than 6 months, transition in the base value shall be
indicated for the last 6 months before the end of the preparation period for the investment report.
(e) For a fund of funds, stock price index, etc. expressing the goal of the fund of funds and theincorporation ratio of the Investment Trust Securities shall be indicated.

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(3) Breakdown of the Distribution Source
A. Indication Examples
Fund with an accounting period of less than 6 months (monthly settlement)

Item

__th
Period__th
Period(Units: yen / %, per 10,000 shares before taxes)
__th
__th
__th
__th
PeriodPeriodPeriodPeriodMM/DD/YYYY MM/DD/
YYYY

MM/DD/YYYY MM/DD/
YYYY

MM/DD/YYYY MM/DD/
YYYY

MM/DD/YYYY MM/DD/
YYYY

MM/DD/YYYY MM/DD/
YYYY

MM/DD/YYYY MM/DD/
YYYY

Dividends for the Period(Ratio to base value)
Revenue for the Period
Income Other Than
Revenue for the Period
Amount Subject toDistribution Carried
Forward to the Next Period
Fund with an accounting period of 6 months or more (Example of 1-year settlement)(Units: yen / %, per 10,000 shares before taxes)__th Period
Item

MM/DD/YYYY
MM/DD/YYYY

Dividends for the Period(Ratio to base value)
Revenue for the Period
Income Other Than Revenue
for the Period
Amount Subject to Distribution
Carried Forward to the Next
PeriodB. Labeling Considerations(a) The status of each accounting period during the period subject to preparation of the investment
report shall be separately indicated.
(b) The amount to be indicated shall be per 10,000 shares (meaning the units for indicating the basevalue, the same shall apply hereinafter).
(c) “Dividends for the Period” indicates “(Ratio to base value),” in which case it shall be noted thatthe ratio to base value is the ratio to the base value at the end of the period (including dividends) todividends for the period including tax, which is different from the rate of return of the fund.
(d) “Revenue for the Period” shall indicate the sum of the amounts allocated for distribution for theperiod from “Revenues from dividends, etc. after deduction of expenses” and “Gains on sale after
deduction of expenses and compensation for loss carried forward (including valuation gains).”(e) “Income Other Than Revenue for the Period” shall indicate the total amount allocated for
distribution for the period from the “reserve for dividends” and the “revenue adjustment.”–12–

(f) When calculating “Revenue for the Period” and “Income Other Than Revenue for the Period,” ifthere is any amount less than the decimal point per 10,000 shares, such amount shall be added up
including the amount less than the decimal point, and the amount added up shall be rounded down
to the decimal point.
If there is no numerical value in a corresponding column, “-” shall be indicated, and if there
is only a numerical value after the decimal point, “0” shall be indicated.
“Revenue for the Period” and “Income Other Than Revenue for the Period” are rounded
down to the nearest whole number. If the total amount of revenues for the period does not matchthe amount of “Dividends for the Period,” such fact shall be indicated in the notes. Even if thenumbers are matched, the fact of such also may be noted.
(g) “Amount Subject to Distribution Carried Forward to the Next Period” shall indicate the amountobtained by deducting “Dividends for the Period” from “Amount Available for Distribution of
Revenues for the Period.”–13–

(4) Details of Expenses per 10,000 Units
A. Form Examples
Fund with an accounting period of less than 6 months〇

Details of Expenses per 10,000 Units__th Period to __th Period
Item(MM/DD/YYYY MM/DD/YYYY)
AmountYen

Summary of Items

Ratio
%

Where described in (Note 1): (☆1)
Where described in (Note 1): (☆2)
Where described in (Note 1): (☆3)
Where described in (Note 1): (☆4)(a) Trust Fees
(Investment trust company)(Seller)(Trustee company)(b) Subscription Fees

Where described in (Note 1): (☆5)(c) Trading Commissions(Shares)(Stock options certificates)(Option certificates, etc.)(Corporate bonds with stock options(convertible bonds)) (instruments)(Futures and options)(d) Securities Transaction Tax(Shares)(Stock options certificates)(Option certificates, etc.)(Corporate bonds with stock options(convertible bonds))(Public and corporate bonds)(e) Other Expenses(Storage expenses)(Audit expenses)(Other)

Where described in (Note 1): (☆6)

Where described in (Note 1): (☆7)

Total

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Funds with an accounting period of 6 months or more〇

Details of Expenses per 10,000 Units
Current Period(MM/DD/YYYY MM/DD/YYYY)

Item

AmountYen

Summary of Items

Ratio
%

Where described in (Note 1): (☆1)
Where described in (Note 1): (☆2)
Where described in (Note 1): (☆3)
Where described in (Note 1): (☆4)(a) Trust Fees
(Investment trust company)(Seller)(Trustee company)(b) Subscription Fees

Where described in (Note 1): (☆5)(c) Trading Commissions(Shares)(Stock options certificates)(Option certificates, etc.)(Corporate bonds with stock options(convertible bonds))(Instruments)(Futures and options)(d) Securities Transaction Tax(Shares)(Stock options certificates)(Option certificates, etc.)(Corporate bonds with stock options(convertible bonds))(Public and corporate bonds)(e) Other Expenses(Storage expenses)(Audit expenses)(Other)

Where described in (Note 1): (☆6)

Where described in (Note 1): (☆7)

Total
(Note 1)In the following Notes, (☆) shall be inserted in the right column of the table, and each company shallinsert other items as it deems necessary.
(Unit type investment trust)(Marginal notes) Overview of items
Expenses incurred during the period (including consumption tax for applicable items) are calculated using
the simplified method because the number of units of beneficial interest changes as a result of earlycancellation.
(The method of calculation shall be described, but real numbers may be omitted.)(☆1) (a) Trust fee = [Average base value during the period] x Trust fee rate (*)(*) Fund for which trust fees are recorded daily on a net asset basis.

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Or
[Trust fees payable at the end of the semiannual period][Trust fees payable at the end of the period]=+[Number of units of beneficial interest at the end of the semiannual period][Number of units of beneficial
interest at the end of the period]
The average base value for the period is 〇〇〇〇 yen.
The “Ratio” column indicates the ratio obtained by dividing the each amount of expenses per 10,000
units by the average base value during the period and multiplying 100.
The following job description of items for compensation are examples used for examples.
(☆2) Compensation for management of the entrusted funds(☆3) Compensation for sending various documents such as the Investment Report (Delivery Version),managing the fund in the account, and providing information after purchase(☆4) Compensation for management of investment property and execution of instructions from investment
trust companies(☆5) (c) Trading commissions =[Trading commissions during the period][Average number of units of beneficial interest during the period]

Trading commissions are fees to be paid to brokers for the purchase and sale of securities[Securities transaction tax during the period](☆6) (d) Securities transaction tax =[Average number of units of beneficial interest during the period]
The securities transaction tax is a tax on transactions arising from each transaction of securities.
(☆7) (e) Other expenses =[Other expenses during the period][Average number of units of beneficial interest during the period]

Other Expenses- Storage expenses are expenses required for the storage of securities, remittance of funds,
and transfer of assets that are paid to overseas storage banks, etc.
- Audit expenses are expenses related to audits of the fund to be paid to the auditing
corporation or entity.
- For expenses incurred other than those described above, concrete items shall be listed andthe nature of services shall be described.
(Open type investment trusts)(Marginal notes) Overview of items
Expenses during the period (including consumption tax for applicable items) are calculated using thesimplified method because the number of units of beneficial interest changes as a result of addition or
early cancellation.
(The method of calculation shall be described, but real numbers may be omitted.)(☆1) (a) Trust fee = [Average base value during the period] x Trust fee rate

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The average base value for the period is 〇〇〇〇 yen.
The “Ratio” column indicates the ratio obtained by dividing the each amount of expenses per 10,000
units by the average base value during the period and multiplying 100.
The following job description of items for compensation are examples used for examples.
(☆2) Compensation for management of the entrusted funds(☆3) Compensation for sending various documents such as the Investment Report (Delivery Version),managing the fund in the account, and providing information after purchase(☆4) Compensation for management of investment property and execution of instructions from investment
trust companies[Trading commissions during the period](☆5) (c) Trading commissions =[Average number of units of beneficial interest during the period]
Trading commissions are fees to be paid to brokers for the purchase and sale of securities(☆6) (d) Securities transaction tax =[Securities transaction tax during the period][Average number of units of beneficial interest during the period]

The securities transaction tax is a tax on transactions arising from each transaction of securities.

(☆7) (e) Other expenses =[Other expenses during the period][Average number of units of beneficial interest during the period]

Other Expenses- Storage expenses are expenses required for the storage of securities, remittance of funds,
and transfer of assets that are paid to overseas storage banks, etc.
- Audit expenses are expenses related to audits of the fund to be paid to the auditing
corporation or entity.
- For expenses incurred other than those described above, concrete items shall be listed andthe nature of services shall be described.
(Unit type and open type investment trusts)(Note 2) Figures less than 1 yen are rounded off for each item.
In the case of the family fund method, the following provisory clause shall be indicated after (Note 1):“Trading commissions, securities transaction taxes and other expenses include, of the amount paid by
the mother fund incorporated by this fund, the amount corresponds to the fund.”

B. Considerations in Labeling Details of Expenses per 10,000 Units
Points to consider when listing the calculation method of (Note 1) and real numbers(a) Trading commissions, securities transaction taxes and other expenses during the period shall be inunits of 1,000 yen. (Amounts less than 1 unit omitted)–17–

(b) The average number of units of beneficial interest during the period is the simple average of thenumber of units remaining as of the end of each month. The unit is 1,000 units. (In the case of afund whose principal is 1 yen per unit, the unit for indicating the base value)(c) Trading commissions, securities transaction taxes and other expenses per 10,000 units arerounded off to the nearest yen.
(d) The average base value during the period is a simple average as of the end of each month.
(e) Conversion of foreign currencies into Japanese yen shall be made in the following manner:
Trading commissions, securities transaction taxes and other expenses are the total amount ofJapanese currency converted at the medium price as of the end of each month (closing date forthe month to which the settlement date belongs).
(f) Trading commissions, securities transaction taxes and other expenses during the period shall becalculated by adding the amount of each mother fund attributable to baby funds, which shall becalculated in accordance with the statement of dividend income based on the amount paid directly
by baby funds.
(g) When such amount is negative (minus), put (-) in the table.
(h) For funds with an accounting period of less than 6 months, quantities (a) through (e) of eachaccounting period shall be calculated and the total amount for the past 6 months before the end of
preparation shall be listed. However, it may also be indicated for each settlement of accounts.
(i) For funds with an accounting period of 6 months or more, the preceding period may also be
indicated.
(j) With respect to direct sales-only funds, it is not necessary to indicate the Seller in Trust fees.
(k) For the (c) trading commissions and (d) securities transaction taxes of a fund of funds, the amountof commissions and transaction taxes related to the purchase and sale of investment trust
securities shall be indicated.
(l) With regard to investment target funds, a note to the effect that “expenses for each item do notinclude expenses paid by the investment trust securities (excluding the mother fund) incorporated
in this fund” shall be made.
In addition, in accordance with the status of each fund, the note for stating “Those for which“Details of Expenses per 10,000 Units” as of the end of the most recent accounting period of suchinvestment trust certificates can be acquired shall be indicated in the “Summary of Top-Ranked
Incorporated Funds,” shall be attached and the itemized expenses shall be made available forreference.
(m) The “Ratio” column shall be accompanied by a note to the effect that “each amount of expenses
per 10,000 units is divided by the average base value during the period and multiplied by 100.”(n) In cases such as the amount of expenses other than storage expenses and audit expenses incurredamong other expenses is relatively large, notes on the contents of individual and specific expenses
shall be entered as necessary.

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(5) (Reference Information) Total Expense Rate
A. Form Examples

Total expense rate ((i) + (ii) + (iii))

0.90%(i) Ratio of expenses of this fund

0.75%(ii) Ratio of investment management expenses of the investment
target funds(iii) Ratio of non-investment management expenses of theinvestment target funds

0.10%

0.05%

(Note 1) Expenses in (i) are calculated using the simplified method for details of expenses per 10,000
Units.
(Note 2) Each expense, in principle, does not include subscription fees, trading commissions andsecurities transaction taxes.
(Note 3) Each percentage is calculated on an annual basis.
(Note 4) Investment target funds is the investment trust security (excluding the mother fund) that are–19–

incorporated by this fund.
(Note 5) Expenses in (i) include expenses paid by the mother fund and do not include expenses paid by theinvestment target funds.
(Note 6) The period for which expenses in (i) and expenses in (ii) and (iii) are included may differ.
(Note 7) Figure is calculated on the above premises. For this reason, these values are for information onlyand differ from the ratio of actual expenses incurred.

B. (Reference Information) Considerations in Labeling the Total Expense Rate(a) The ratio of investment management expenses and other expenses shall be the ratio (per annum)of each expense during the period used in the details of expenses per 10,000 Units.
(b) When there are investment target funds, notes shall be provided on the matters in (Note 4) through(Note 6).
(c) For a fund of funds, the total sum of (i) Ratio of expenses of this fund (the value obtained, inprinciple, by subtracting the rate of subscription fees, trading commissions and securities
transaction taxes from the total listed in “Details of Expenses per 10,000 Units” and calculating
this rate on an annual basis), (ii) Ratio of investment management expenses of the investment
target fund (the simplified method in which the value obtained by subtracting the rate of“investment management expenses (trust fees) of this fund” from the rate of “substantial
investment management expenses (trust fees)” listed in the prospectus (hereinafter referred to as
the “investment management expenses rate (simplified)”) may be used.) and (iii) Ratio of
non-management and administrative expenses of the investment target fund (excluding, inprinciple, subscription fees, trading commissions, and securities transaction taxes) (thesimplified method, in which the rate obtained by subtracting the investment management
expenses rate (simplified) from the total expense rate of the investment target fund in question),
may also be used.) shall be indicated in a pie graph as the total expenses ratio.
In making such entries, such information shall be disclosed in as much detail as possible, andsuch necessary notes as those in (Note 7) shall be made so as not to cause misunderstanding to
the beneficiary.
When (iii) Ratio of expenses other than management and administrative expenses of theinvestment target fund cannot be assessed, the name of the disclosure item shall be “expense
rate (excluding expenses other than management and administrative expenses of the investment
target fund)” and it shall be noted to the effect that “in some cases, there may be expenses otherthan the investment management expenses in the investment target fund which are not includedin the above.”(d) For funds other than a fund of funds, the above table shall be omitted.

–20–

(6) Status of Trades and Transactions
A. Form Examples(a) Direct investment funds
A. Shares
Fund with an accounting period of less than 6 months

Trading in the Past 6 Months (from MM/DD/YYYY to MM/DD/YYYY)
Settlement Period__th Period to __th Period
Purchased
Sold
Number ofAmountNumber ofAmountSharesShares〇Thousand shares Thousands of yen

Domestic

ListedUnlisted()

U.S.A.

Hundred shares

Foreign

U.K.
……………
Unlisted,
Unregistered(U.S.A.)()

Thousands of
USD
Thousand pounds

Thousand shares Thousands of yen()

Hundred shares

Thousand………

()

Thousands of
USD
Thousand pounds
Thousand………

(Note 1) The amount is the price for delivery.
(Note 2) Figures in () are increases or decreases resulting from allocation of new shares, stock conversion, merger,etc., and are not included in the figures in the upper part.

Funds with an accounting period of 6 months or more〇

Trading Status During the Fiscal Period (from MM/DD/YYYY to MM/DD/YYYY)
Purchased
Sold
Number of
Number ofAmountAmountSharesSharesDomesticThousand shares Thousands of yen

Listed()()

Thousand shares Thousands of yen

(

)

(

)

Unlisted

Foreign

U.S.A.
U.K.
……………
Unlisted,
Unregistered(U.S.A.)

Hundred shares

Thousands of
USD
Thousand pounds
Thousand………

Hundred shares

Thousands of
USD
Thousand pounds
Thousand………

(Note 1) The amount is the price for delivery.
(Note 2) Figures in () are increases or decreases resulting from allocation of new shares, stock conversion, merger,etc., and are not included in the figures in the upper part.

–21–

B. Stock Options CertificatesFund with an accounting period of less than 6 months

Settlement
Period__th Period to __th Period
Purchased
Number ofAmountCertificates
Certificates Thousands of yen

Domestic

Sold
Number ofAmountCertificates
Certificates Thousands of yen(

Foreign

U.S.A.
U.K.

)

(

)

Thousands of
USD
Thousand pounds

Thousands of
USD
Thousand pounds

Thousand………

Thousand………

……

(Note 1) The amount is the price for delivery.
(Note 2) Figures in () indicate increases or decreases due to exercise of rights and expiration of exercise period, and are

not included in the figures in the upper part.

Funds with an accounting period of 6 months or more

Purchased
Number ofAmountCertificates
Domestic
Foreign

U.S.A.
U.K.
……

Certificates Thousands of yen

Sold
Number ofAmountCertificates
Certificates Thousands of yen

(

)

(

)

Thousands of
USD
Thousand pounds

Thousands of
USD
Thousand pounds

Thousand………

Thousand………

(Note 1) The amount is the price for delivery.
(Note 2) Figures in () indicate increases or decreases due to exercise of rights and expiration of exercise period, and are

not included in the figures in the upper part.

–22–

C. Option Certificates, etc.
Fund with an accounting period of less than 6 months

Settlement
Period__th Period to __th Period
Purchased
Number ofAmountCertificates
Certificates Thousands of yen

Domestic

Sold
Number ofAmountCertificates
Certificates Thousands of yen(

Foreign

U.S.A.
U.K.

)

(

)

Thousands of
USD
Thousand pounds

Thousands of
USD
Thousand pounds

Thousand………

Thousand………

……

(Note 1) The amount is the price for delivery.
(Note 2) Figures in () indicate increases or decreases due to exercise of rights and expiration of exercise period, and are

not included in the figures in the upper part.

Funds with an accounting period of 6 months or more

Purchased
Number ofAmountCertificates
Domestic
Foreign

U.S.A.
U.K.
……

Certificates Thousands of yen

Sold
Number ofAmountCertificates
Certificates Thousands of yen

(

)

(

)

Thousands of
USD
Thousand pounds

Thousands of
USD
Thousand pounds

Thousand………

Thousand………

(Note 1) The amount is the price for delivery.
(Note 2) Figures in () indicate increases or decreases due to exercise of rights and expiration of exercise period, and are

not included in the figures in the upper part.

–23–

D. Corporate Bonds with Stock Options (Convertible Bonds)
Fund with an accounting period of less than 6 months

Settlement
Period__th Period to __th Period
Purchased
Face Value
AmountDomestic

Sold
Face Value
AmountThousands of yen Thousands of yen Thousands of yen Thousands of yen

(

)

(

)

ForeignThousands ofThousands ofThousands ofThousands of
U.S.A.
USD
USD
USD
USD
U.K. Thousand pounds Thousand pounds Thousand pounds Thousand pounds……

Thousand……… Thousand……… Thousand……… Thousand………

(Note 1) The amount is the price for delivery (excluding accrued interest).
(Note 2) Figures in () indicate the decrease due to the exercise of options and are not included in the figures in theupper part.

Funds with an accounting period of 6 months or more

Purchased
Face Value
AmountDomestic

Sold
Face Value
AmountThousands of yen Thousands of yen Thousands of yen Thousands of yen

(

)

(

)

ForeignThousands ofThousands ofThousands ofThousands of
U.S.A.
USD
USD
USD
USD
U.K. Thousand pounds Thousand pounds Thousand pounds Thousand pounds……

Thousand……… Thousand……… Thousand……… Thousand………

(Note 1) The amount is the price for delivery (excluding accrued interest).
(Note 2) Figures in () indicate the decrease due to the exercise of options and are not included in the figures in theupper part.

–24–

E. Public and Corporate Bonds
Fund with an accounting period of less than 6 months

Settlement Period

Thousands of yen

Thousands of yen()

Thousands of USD

Thousands of USD()

Thousand pounds

Thousand pounds()

Thousand………

Thousand………
()

U.S.A.

National
government bondcertificates
Municipal bondDomestic certificatesSpecial bondcertificates
Corporate bondcertificates
National
government bondcertificates
Municipal bondcertificatesSpecial bondcertificates
Corporate bondcertificates
National
government bondcertificates
Municipal bondcertificatesSpecial bondcertificates
Corporate bondcertificates
National
government bondcertificates
Municipal bondcertificatesSpecial bondcertificates
Corporate bondcertificates__th Period to __th Period
Purchase Price
Sell Price

U.K.

Foreign…………

(Note 1) The amount is the price for delivery (excluding accrued interest).
(Note 2) Figures in () indicate the decrease due to reimbursement and are not included in the figures in the upper part.

(Note 3) Corporate bonds do not include corporate bonds with stock options (convertible bonds).

–25–

Funds with an accounting period of 6 months or more

Domestic
U.S.A.
U.K.

Foreign…………

National
government bondcertificates
Municipal bondcertificatesSpecial bondcertificates
Corporate bondcertificates
National
government bondcertificates
Municipal bondcertificatesSpecial bondcertificates
Corporate bondcertificates
National
government bondcertificates
Municipal bondcertificatesSpecial bondcertificates
Corporate bondcertificates
National
government bondcertificates
Municipal bondcertificatesSpecial bondcertificates
Corporate bondcertificates

Purchase Price

Sell Price

Thousands of yen

Thousands of yen()

Thousands of USD

Thousands of USD()

Thousand pounds

Thousand pounds()

Thousand………

Thousand………
()(Note 1) The amount is the price for delivery (excluding accrued interest).
(Note 2) Figures in () indicate the decrease due to reimbursement and are not included in the figures in the upper part.

(Note 3) Corporate bonds do not include corporate bonds with stock options (convertible bonds).

–26–

F. Investment Trust Beneficiary Certificates, Investment Securities
Fund with an accounting period of less than 6 months

Settlement
Period__th Period to __th Period
Number of Units

Purchase Price

Thousand units

Number of Units

Thousands of yen

Domestic(Thousand units)

Sell Price
Thousands of yen()

Thousands of USD

Thousands of USD()

Thousand pounds

Thousand pounds()

Thousand………

Thousand………
()

U.S.A.
Foreign

U.K.
……

(Note 1) The amount is the price for delivery.
(Note 2) Figures in () indicate the decrease due to reimbursement and are not included in the figures in the upper part.

Funds with an accounting period of 6 months or more

Number of Units

Purchase Price

Thousand units

Domestic

Number of Units

Thousands of yen()

Thousand units

Sell Price
Thousands of yen()

Thousands of USD

Thousands of USD()

Thousand pounds

Thousand pounds()

Thousand………

Thousand………
()

U.S.A.
Foreign

U.K.
……

(Note 1) The amount is the price for delivery.
(Note 2) Figures in () indicate the decrease due to reimbursement and are not included in the figures in the upper part.

–27–

G. Investment Equity Subscription Right CertificatesFund with an accounting period of less than 6 months

Settlement
Period__th Period to __th Period
Purchased
Number of
Certificates

Sold
AmountNumber of
Certificates

Domestic(

Amount)()

U.S.A.
Foreign

U.K.
・・・・(Note 1) The amount is the price for delivery.
(Note 2) Figures in () indicate increases or decreases due to exercise of rights and expiration of exercise period, and are

not included in the figures in the upper part.

Funds with an accounting period of 6 months or more

Settlement
Period__th Period to __th Period
Purchased
Number of
Certificates

Sold
AmountDomestic

Number of
Certificates()

Amount()

U.S.A.
Foreign

U.K.
・・・・(Note 1) The amount is the price for delivery.
(Note 2) Figures in () indicate increases or decreases due to exercise of rights and expiration of exercise period, and are

not included in the figures in the upper part.

–28–

H. Other Securities
Fund with an accounting period of less than 6 months

Settlement Period
Domestic

Commercial papers__th Period to __th Period
Purchase Price
Sell Price
Thousands of yen

Thousands of USD

Thousands of USD

Thousand pounds

Thousand pounds

Thousand………

Thousand………

Beneficial interest of monetaryclaims trust

U.S.A.
U.K.

ForeignThousands of yen-

Negotiable certificates ofdeposits
Commercial papers
Loan trust beneficiary
securities
Beneficial interest ofmonetary claims trust
Negotiable certificates ofdeposits
Commercial papers
Loan trust beneficiary
securities
Beneficial interest ofmonetary claims trust
Negotiable certificates ofdeposits
Commercial papers
Loan trust beneficiary
securities
Beneficial interest ofmonetary claims trust(Note) The amounts are prices for delivery.

–29–

Funds with an accounting period of 6 months or more

Domestic

Commercial papers

Purchase Price

Sell Price

Thousands of yen

Thousands of yen

Thousands of USD

Thousands of USD

Thousand pounds

Thousand pounds

Thousand………

Thousand………

Beneficial interest of monetaryclaims trust
U.S.A.
U.K.

Foreign-

Negotiable certificates ofdeposits
Commercial papers
Loan trust beneficiary
securities
Beneficial interest ofmonetary claims trust
Negotiable certificates ofdeposits
Commercial papers
Loan trust beneficiary
securities
Beneficial interest ofmonetary claims trust
Negotiable certificates ofdeposits
Commercial papers
Loan trust beneficiary
securities
Beneficial interest ofmonetary claims trust(Note) The amounts are prices for delivery.

–30–

I Monetary Claims
Fund with an accounting period of less than 6 months

Settlement
Period__th Period to __th Period
Type

Purchase Price

Sell Price

Foreign

Domestic
U.S.A.
U.K.

Thousands of yen

Thousands of yen

Thousands of USD

Thousands of USD

Thousand pounds

Thousand pounds……

Thousand………

Thousand………

Funds with an accounting period of 6 months or more

Type

Purchase Price

Sell Price

Foreign

Domestic
U.S.A.
U.K.

Thousands of yen

Thousands of yen

Thousands of USD

Thousands of USD

Thousand pounds

Thousand pounds……

Thousand………

Thousand………

J. Promissory Notes
Fund with an accounting period of less than 6 months

Settlement
Period__th Period to __th Period
Purchase Price

Sell Price

Thousands of yen

Thousands of yen

U.S.A.

Thousands of USD

Thousands of USD

U.K.

Thousand pounds

Thousand pounds……

Thousand………

Thousand………

Domestic
ForeignFunds with an accounting period of 6 months or more

Purchase Price

Sell Price

Foreign

DomesticThousands of yen

Thousands of yen

U.S.A.

Thousands of USD

Thousands of USD

U.K.

Thousand pounds

Thousand pounds……

Thousand………

Thousand………

–31–

K. Instruments
Fund with an accounting period of less than 6 months〇 Trading in the Past 6 Months (From MM/DD/YYYY to MM/DD/YYYY)
Settlement Period
By Type__th Period to __th Period
Purchased
Sold
Quantity
AmountQuantity
AmountThousands of USD

Thousands of USD

U.S.A.

Gold
Azuki
beans

Thousand pounds

Thousand pounds

U.K.

Gold
Azuki
beans

Thousand ...

Thousand ...

…

…

… … … …

Foreign Currency

Thousands of yen…

Japanese
Currency

Thousands of yen

Gold
Azuki beans(Note1) The amounts are prices for delivery.
(Note2) Quantity shall be indicated on a voluntary basis.

Funds with an accounting period of 6 months or more

〇 Trading Status during the Fiscal Period (From MM/DD/YYYY to MM/DD/YYYY)
Purchased
Quantity
AmountBy TypeSold
Quantity

AmountThousands of USD

Thousands of USD

U.S.A.

Gold
Azuki
beans

Thousand pounds

Thousand pounds

U.K.

Gold
Azuki
beans

Thousand ...

Thousand ...

Gold
Azuki beans…

…

… … … …

Foreign Currency

Thousands of yen…

Japanese
Currency

Thousands of yen(Note1) The amounts are prices for delivery.
(Note2) Quantity shall be indicated on a voluntary basis.

–32–

L. Trading Status of Futures by Type
Fund with an accounting period of less than 6 months

Settlement Period
By Type

Foreign

Stock futures transactions
Bond futures transactions
Instrument futurestransactions

Millions ofyenMillions ofyenMillions ofyenMillions ofyen…

Domestic

Stock futures transactions
Bond futures transactions
Instrument futurestransactions__th Period to __th Period
Buy contracts
Sell contracts
New
Settlement New sell Settlement
purchase
price
price
price
price

…

(Note) The amounts are prices for delivery.

Funds with an accounting period of 6 months or more

By Type

Foreign

Stock futures transactions
Bond futures transactions
Instrument futurestransactions

Millions ofyenMillions ofyen…

Domestic

Stock futures transactions
Bond futures transactions
Instrument futurestransactions

Buy contracts
New
Settlement
purchase
price
price

…
(Note) The amounts are prices for delivery.

–33–

Sell contracts
New sell
price

Settlement
price

Millions ofyenMillions ofyenM. Trading Status of Options by Type
Fund with an accounting period of less than 6 months

Settlement Period__th Period to __th Period
Buy contracts

By Type
Stock index
optiontransaction
Individual
stock option
transaction

By
New
Expiration
Settlement Exercise Waiver New sell Settlement Exercise
call/put purchaseofprice of rights of rights priceprice of rights
price
obligation
Call
Put

Millionsof yenMillions ofyenMillionsof yen

Call
Put
Call
Put

Interest rate

Call
Put

Currency

Call
Put

Instrument
index option
transaction

Call
Put

…

Domestic

Bond option
transaction

Call
Put

Stock index
optiontransaction
Individual
stock option
transaction

Sell contracts

Call
Put
Call
Put
Call
Put

Interest rate

Call
Put

Currency

Call
Put

Instrument
index option
transaction

Call
Put

…

Foreign

Bond option
transaction

Call
Put

(Note) The amounts are prices for delivery.

–34–

Millionsof yenMillionsof yenMillions ofyenMillionsof yenMillions ofyenFunds with an accounting period of 6 months or more

By Type
Stock index
optiontransaction
Individual
stock option
transaction

Buy contracts
Sell contracts
By
New
Expiration
Settlement Exercise Waiver New sell Settlement Exercise
call/put purchaseofprice of rights of rights priceprice of rights
price
obligation
Call
Put

Millions ofyenMillionsof yen

Call
Put
Call
Put

Interest rate

Call
Put

Currency

Call
Put

Instrument
index option
transaction

Call
Put

…

Domestic

Bond option
transaction

Call
Put

Stock index
optiontransaction
Individual
stock option
transaction

Millionsof yen

Call
Put
Call
Put
Call
Put

Interest rate

Call
Put

Currency

Call
Put

Instrument
index option
transaction

Call
Put

…

Foreign

Bond option
transaction

Call
Put

(Note) The amounts are prices for delivery.

–35–

Millionsof yenMillionsof yenMillions ofyenMillionsof yenMillions ofyenN. Transaction Status of Swaps and Forwards
Fund with an accounting period of less than 6 months〇

Contract Prices for Swaps and Forward Transaction
Type__th Period to __th Period
Contract Price

Interest rate

Millions of yen

Currency
Forward rate
Forwardcurrency
Forward
instrument…
(Note) The amounts are prices for delivery.

Funds with an accounting period of 6 months or moreType

Current Period
Contract Price

Interest rate

Millions of yen

Currency
Forward rate
Forwardcurrency
Forward
instrument…
(Note) The amounts are prices for delivery.

–36–

(b) Indirect investment funds
Fund with an accounting period of less than 6 months〇

Inception and Early Cancellation of Mother Fund Beneficiary Securities(From MM/DD/YYYY to MM/DD/YYYY)
Settlement
Period__th Period to __th Period
Inception
Units
Amount

Early Cancellation
Units
AmountThousand units Thousands of yen

Thousand units Thousands of yen___ Mother___ Mother___ MotherFunds with an accounting period of 6 months or more〇

Inception and Early Cancellation of Mother Fund Beneficiary Securities(From MM/DD/YYYY to MM/DD/YYYY)
Inception
Early Cancellation
Units
AmountUnits
AmountThousand units Thousands of yen

Thousand units Thousands of yen___ Mother___ Mother___ Mother–37–

B. Labeling Considerations
Funds with an accounting period of less than 6 months will be shown by totaling the trading status forthe past 6 months before the end of the preparation period of the investment report. However, suchinformation may be indicated for each settlement period.
(a) Direct investment funds(i) The table to be displayed shall be categorized by assets, and displayed in the order of: shares,
stock options certificates, option certificates, corporate bonds with stock options (convertible
bonds), public and corporate bonds, investment trust beneficiary certificates and investment
securities, investment equity subscription right certificates, other securities, monetary claims,
promissory notes, instruments, futures, options, swaps and forward transactions.
(ii) Indicate each separately for domestic and foreign countries.
(iii) For assets not applicable, omit the table and incrementally increase the number in ().

(iv) The amount denominated in foreign currencies that is converted into Japanese yen shall becalculated in the following manner:
The trade amount during the period is the total amount of Japanese currency converted at themedian rate as of the end of each month (or as of the closing date for the month to which theclosing date belongs).
(v) H Other Securities shall be indicated on a voluntary basis and may be omitted.
(vi) Quantity of K Instruments shall be indicated on a voluntary basis and may be omitted.
(vii) L Trading Status of Futures by Type and M Trading Status of Options by Type may be omitted
in the case of funds that actively use derivatives when (6) Trading Status of Derivatives ispresented separately.
(viii) Investment trust beneficiary certificates and investment securities shall be indicated by issue.
(b) Indirect investment funds
In the event that the baby fund has directly incorporated therein, indication of (a) direct
investment fund shall be applied mutatis mutandis, and thereafter the establish and earlycancellation of the mother fund beneficiary certificates for each issue shall be indicated.

–38–

(7) Trading Status of Derivatives(Funds that actively utilize derivatives)
A. Form Examples
A. Futures Transactions and Balances by Issue

Fund with an accounting period of less than 6 months

Settlement Period__th Period to __th Period
Appraised value at the end of
Buy contracts
Sell contracts
preparation period
New
Buy
Sell
Valuation
Settlement New sell Settlement
purchase
contract contract profit or
price
price
price
price
amount amountloss

By IssueSharesMillions ofyenMillions ofyenMillions of
yen

……

Bonds

Nikkei 225
Nikkei 300

Domestic…

Instruments…

…

S&P 500

Foreign

Bonds
Instruments…

………… …

Shares–36–

Millions ofyenMillions ofyenMillions ofyenMillions ofyenFunds with an accounting period of 6 months or more

Appraised value at the end of theperiodNew
Buy
Sell
Valuation
Settlement New sell Settlement
purchase
contract contract profit or
price
price
price
price
amount amountloss
Buy contracts

By IssueNikkei 225
SharesMillions ofyenMillions ofyen

Nikkei 300
……

Bonds

Millions ofyen

Sell contracts

Domestic…

Instruments…

…

S&P 500

Bonds
Foreign Instruments…………

Shares…

…

–37–

Millions ofyenMillions ofyenMillions ofyenMillions ofyenB. Options Transactions and Balances by Issue
Fund with an accounting period of less than 6 months
Settlement Period__th Period to __th Period
Buy contracts

Nikkei225

Call Millions Millions of Millions Millions Millions Millions of Millionsof yenyenof yenPut

Nikkei300
Individual
share
…

Bonds
Domestic…
Instruments

…

…

Call
S&P 500
Put
SharesIndividual
share
…

Bonds

…

Instruments…

Foreign

Appraised value at the endof preparation period

By
New
New
Expiration Buy
Sell Valuation
call/put
Settlement Exercise Waiver
Settlement Exercise
purchase
sellofcontract contract profit or
price of rights of rights
price of rights
price
price
obligation amount amount loss

By IssueSharesSell contracts

…

…

–38–

of yenof yenyenof yenMillions Millions Millions Millions ofof yen of yen of yenyenFunds with an accounting period of 6 months or more

Buy contracts

Nikkei225

Call Millions Millions of Millions Millions Millions Millions of Millionsof yenyenof yenPut

Nikkei300
Individual
share
…

Bonds
Domestic…
Instruments

…

…

Call
S&P 500
Put
SharesIndividual
share
…

Bonds

…

Instruments…

Foreign

Appraised value at the endof preparation period

By
New
New
Expiration Buy
Sell Valuation
call/put
Settlement Exercise Waiver
Settlement Exercise
purchase
sellofcontract contract profit or
price of rights of rights
price of rights
price
price
obligation amount amount loss

By IssueSharesSell contracts

…

…

–39–

of yenof yenyenof yenMillions Millions Millions Millions ofof yen of yen of yenyenB. Labeling Considerations(a) Each item shall be indicated separately for domestic and foreign countries.
(b) Amounts denominated in foreign currencies that are converted into Japanese yen shall becalculated in the following manner:
The trade amount during the period is the total amount of Japanese currency converted at themedian rate as of the end of each month (or as of the closing date for the month to which theclosing date belongs).
(c) Individual stock options may be disclosed either by issue or by total amount.
However, in the case of disclosure by total amount, (w) Period-end balance of individual stock
options by issue in (13) Description of Incorporated Assets shall be applied correspondingly.
(d) For funds whose accounting period is less than 6 months, the amount of transactions during thepast 6 months before the end of preparation period of the investment report and the transactionsbalance at the end of the preparation period shall be indicated. However, such information may
be indicated for each settlement period.

(8) Share Trading Ratio
A. Form Examples(a) Direct investment funds
Fund with an accounting period of less than 6 months〇

Ratio of Share Trading Amount to Average Market Value of Incorporated ShareItem__th Period to __th Period(a) Amount of shares traded during theperiod(b) Average market value of incorporated
shares during the period

Thousands of yen(c) Trading volume ratio (a)/(b)Funds with an accounting period of 6 months or more〇

Ratio of Share Trading Amount to Average Market Value of Incorporated Share
Item

Current Period(a) Amount of shares traded during theperiod(b) Average market value of incorporated
shares during the period(c) Trading volume ratio (a)/(b)Thousands of yen–40–

(b) Indirect investment funds
Fund with an accounting period of less than 6 months〇

Ratio of Share Trading Amount to Average Market Value of Incorporated Share__th Period to __th Period

Item

Baby Fund(a) Amount of shares traded during the period

Mother Fund

Thousands of yen

Thousands of yen(b) Average market value of incorporated
shares during the period(c) Trading volume ratio (a)/(b)Funds with an accounting period of 6 months or more〇

Ratio of Share Trading Amount to Average Market Value of Incorporated Share
Current Period

Item

Baby Fund(a) Amount of shares traded during the period

Mother Fund

Thousands of yen

Thousands of yen(b) Average market value of incorporated
shares during the period(c) Trading volume ratio (a)/(b)B. Labeling Considerations(a) The trading volume ratio is rounded down to 2nd decimal places.
(b) The amount of shares traded during the period shall not include any capital increase or dividend
shares. The unit is thousands of yen. (Amounts less than 1 unit omitted)(c) The average market value of incorporated shares during the period shall be the simple average
excluding the number of months with no balance at the end of the month. The unit is thousandsof yen. (Amounts less than 1 unit omitted)(d) Foreign currency-denominated shares shall be converted into Japanese yen in the following
manner:- The amount of share trading during the period is the total amount of Japanese currency
converted at the medium price as of the end of each month (or as of the closing date for themonth to which the closing date belongs).
- The average market value of incorporated shares during the period is the total amount ofJapanese currency converted at the median rate as of the end of each month.
(e) In the case of an indirect investment fund:The share trading ratio of the baby funds and each such mother fund shall be indicated. The
accounting period (*) shall be the accounting period (*) of the baby fund.
If the current date as of presentation of the incorporated securities is the end of the month–41–

preceding the month in which the settlement date of the baby fund falls, the period foraccounting the share trading amount (*) may be up to the end of the previous month.
In addition, in the event of trust termination, this period may be from the day following theindicated current date of the immediately preceding settlement of the baby fund (in the case offunds with an accounting period of less than 6 months, the end of the preceding preparation
period) to the last day of the month preceding the month in which the day when theincorporation of the beneficiary certificate of the mother fund beneficiary certificates becomeszero falls upon.
(f) For funds whose accounting period is less than 6 months, the trading volume ratio for the past 6months before the end of the investment report preparation period shall be shown in total.
However, such information may be indicated for each settlement period.

(*) For funds with an accounting period of less than 6 months, the period of the past 6 months before
the end of preparation period of the investment report shall be used.

(9) Major Issues Traded
A. Form Examples
A. Shares
Fund with an accounting period of less than 6 months〇

Major Issues Traded in the Past 6 Months__th Period
Purchased

Issue

NumberAmountof Shares
Thousand Thousands
sharesof yen__th Period
Sold

Purchased

Sold

Average
Average
Average
Average
NumberNumberNumberunit Issue
Amountunit Issue
Amountunit Issue
Amountunitof Sharesof Sharesof Shares
price
price
price
price
Yen

Thousand Thousands
sharesof yenYen–42–

Thousand Thousands
sharesof yenYen

Thousand Thousands
sharesof yenYenFunds with an accounting period of 6 months or more〇

Major Issues Traded During the Period

Issue

Current Period
Purchased
Number of
Average unit
AmountIssue
Sharesprice
Thousand Thousands
sharesof yenYen

Sold
Number of
Average unit
AmountSharesprice
Thousand Thousands
sharesof yenYen

B. Corporate Bonds with Stock Options (Convertible Bonds)
Fund with an accounting period of less than 6 months__th Period__th Period

Purchased
Issue

AmountThousands of
yen

Sold
Issue

Purchased
AmountIssue

Thousands of
yen

–43–

AmountThousands of
yen

Sold
Issue

AmountThousands ofyenFunds with an accounting period of 6 months or more
Purchased
Issue
AmountSold
Issue

Thousands ofyen

AmountThousands ofyen

B. Labeling Considerations(a) Price for delivery of the top 10 or so issues (domestic and foreign brands may be included) shallbe indicated.
(b) Those denominated in foreign currencies shall be indicated on a yen basis.
(c) Major investment targets shall be classified by incorporated securities, and the order ofpresentation shall be in the order of shares, stock options certificates, option certificates,
corporate bonds with stock options (convertible bonds), and public and corporate bonds. The
form for public and corporate bonds shall be the same as that of corporate bonds with stock
options (convertible bonds), and tables for those not applicable thereto may be omitted.
(d) For funds whose accounting period is less than 6 months, major issues traded during the past 6months before the end of the preparation period for the investment report shall be indicated foreach settlement period. However, such information may be totaled and indicated for each issueduring the preparation period.
(e) Major issues traded shall be subject to voluntary indication and may be omitted.

–44–

(10) Status of Transactions with Interested Parties
A. Form Examples(a) Direct investment funds
A. Status of Transactions with Interested Parties
Fund with an accounting period of less than 6 months〇

Status of Transactions with Interested Parties in the Past 6 Months
Settlement Period__th Period to __th Period

Category

Purchaseamount, etc.
A

SharesStock options certificates
Option certificates, etc.
Public and corporate bonds
Corporate bonds with stock
options (convertible bonds)
Corporate bonds with stock
options (corporate bonds withstock subscription warrants)
Other securities……
Stock futures transactions
Stock option transactions
Bond futures transactions
Bond option transactions
Other futures transactions
Other option transactions……
Deposits
Negotiable certificates of deposit
Monetary trusts
OthersRepurchase agreements (publicand corporate bonds)
Repurchase agreements (othersecurities)
Repurchase agreements(negotiable certificates of deposit)
Monetary claims
Promissory notes
Beneficial interests
Silent partnership equity
Trusts issuing beneficiary
certificates……

Millions of yen

Sales amount,
etc.

Status of
trading withinterested
parties B

B/A

Millions of yen

%

–45–

C
Millions of yen

Status of
trading withinterested
parties D

D/C

Millions of yen%Funds with an accounting period of 6 months or more〇

Status of Transactions with Interested Parties During the Current Period
Current Period
Category

Purchaseamount, etc.
A

SharesStock options certificates
Option certificates, etc.
Public and corporate bonds
Corporate bonds with stock
options (convertible bonds)
Corporate bonds with stock
options (corporate bonds withstock subscription warrants)
Other securities……
Stock futures transactions
Stock option transactions
Bond futures transactions
Bond option transactions
Other futures transactions
Other option transactions……
Deposits
Negotiable certificates of deposit
Monetary trusts
OthersRepurchase agreements (publicand corporate bonds)
Repurchase agreements (othersecurities)
Repurchase agreements(negotiable certificates of deposit)
Monetary claims
Promissory notes
Beneficial interests
Silent partnership equity
Trusts issuing beneficiary
certificates……

Millions of yen

Sales amount,
etc.

Status of
trading withinterested
parties B

B/A

Millions of yen

%

–46–

C
Millions of yen

Status of
trading withinterested
parties D

D/C

Millions of yen%

B. Securities Issued by Interested Parties
Fund with an accounting period of less than 6 months

Purchase
Price

Type

Millions of yen
SharesStock options
certificates
Option certificates, etc.
Corporate bonds withstock options(convertible bonds):__th Period to __th Period
Sell Price
Amount held at theend of the
preparation period
Millions of yen

Millions of yen

Funds with an accounting period of 6 months or more

Type

Purchase
Price

Millions of yen
SharesStock options
certificates
Option certificates, etc.
Corporate bonds withstock options(convertible bonds):

Current Period
Amount held at the
Sell Priceend of the
preparation period
Millions of yen

Millions of yen

C. Securities Issued with the Financial Instruments Business Operator, Which is an Interested
Party, Acting as the Managing Underwriter
D. Securities Issued for Which the Financial Instruments Business Operator or Financial Institution
That is an Interested Party Becomes the Representative Handling the Private Placement

Fund with an accounting period of less than 6 months

Type
SharesStock options
certificates
Option certificates, etc.
Corporate bonds withstock options(convertible bonds):__th Period to __th Period
Purchase amountMillions of yen–47–

Funds with an accounting period of 6 months or more

Current Period
Purchase amountType
SharesStock options
certificates
Option certificates, etc.
Corporate bonds withstock options(convertible bonds):

Millions of yen

E. Ratio of Payment to Interested Parties to Total Trading Commissions
Fund with an accounting period of less than 6 months

Ratio of Payments to Interested Parties in the Past 6 Months
Item__th Period to __th Period
Thousands of yen
Total trading commissions (A)Of which, payments to interested
parties (B)%(B)/(A)〇

Funds with an accounting period of 6 months or more

Ratio of Payments to Interested Parties During the Current Period
Item
Current Period
Thousands of yen
Total trading commissions (A)Of which, payments to interested
parties (B)%(B)/(A)〇(b) Indirect investment funds
The form shall conform to that of a direct investment fund.

B. Labeling Considerations(a) The amount shall be indicated as the price for delivery.
(b) Interested parties shall be noted in the margin as follows:“An interested party is an interested party as defined in Article 11, Paragraph 1 of the Act on
Investment Trusts and Investment Corporations, and an interested party for the fund for theperiod under review is ○○○○, ○○○○…..”(c) From “A. Status of Transactions with Interested Parties” to “E. Ratio of Payment to Interested
Parties to Total Trading Commissions” shall apply correspondingly to funds of funds.
(d) In the case of an indirect investment fund, such amount shall be indicated by securities in the–48–

order of baby fund (if directly incorporated) and each mother fund.
For A, the corresponding period (accounting period for a baby fund or each accounting period
for a fund whose accounting period is less than 6 months) is clearly noted, with the average
holding ratio indicated in the margin as follows:“Average holding ratio ○.○%* The average holding ratio is the ratio of the number of units held by the mother fund of thebaby fund to the total number of remaining units of the mother fund. ”
In addition, E is noted as follows:“Total trading commissions include, of the amount paid by the mother fundincorporated to this fund, the amount corresponding to the fund.”(e) Omitted where not applicable.
(f) The method of conversion of foreign currencies into Japanese yen shall be as follows:
The trade amount during the period is the total amount of Japanese currency converted at themedian rate as of the end of each month (or as of the closing date for the month to which theclosing date belongs).
(g) Securities issued by an interested party include negotiable certificates of deposit.
(h) With regard to C and D, the amount of acquisition thereof shall be indicated in cases where C or
D is actually acquired through application for acquisition by the issue date thereof and where C
or D is acquired within 30 days after the issue date thereof.
(i)

For funds whose accounting period is less than 6 months, the status of transaction withinterested parties during the past 6 months before the end of preparation of the investment reportshall be indicated in the aggregate. However, such information may also be presented for eachsettlement period during the preparation period.

(j)Regarding the share columns for A, B and C, listed or registered shares and unlisted or
unregistered shares may be separately indicated.

–49–

(11) Status of Proprietary Tradings Conducted by the Management Company Which Concurrently Operates a
Type I Financial Instruments Business, a Type II Financial Instruments Business, or an Instrument
Transactions Brokerage Business
A. Form Examples
Fund with an accounting period of less than 6 months
Settlement Period
Category

Securities
Securities futures transactions
Securities index futurestransactions
Securities option transactions
Securities forward transactions
Over-the-counter securities index
forward transactions
Over-the-counter securities option
transactions
Financial futures transactions
Over-the-counter financial futurestransactions
Instruments
Instrument futures transactions
Instrument index futurestransactions
Instrument index option
transactions__th Period to __th Period
Purchased
Sold
Purchase Of which, status
Of which, status
Sell PricePriceof proprietaryof proprietary(B)/(A)(C)
trading (B)trading (D)(A)
Millionsof yenMillions of yen･･
Transactions in foreign markets
similar to the above

–50–

(%)

Millionsof yenMillions of yen(D)/(C)(%)

Funds with an accounting period of 6 months or more
Current Period
Category

Purchased
Purchase Of which, status
Priceof proprietary(A)
trading (B)Securities
Securities futures transactions
Securities index futurestransactions
Securities option transactions
Securities forward transactions
Over-the-counter securities index
forward transactions
Over-the-counter securities option
transactions
Financial futures transactions
Over-the-counter financial futurestransactions
Instruments
Instrument futures transactions
Instrument index futurestransactions
Instrument index option
transactions

Millionsof yenMillions of yen(B)/(A)(%)

Sold
Of which, status
Sell Priceof proprietary(C)
trading (D)Millionsof yen(D)/(C)

Millions of yen(%)

･･
Transactions in foreign markets
similar to the above

B. Labeling Considerations(a) The total amount of trading commissions paid to the investment trust management company
shall be noted in the margin.
(b) For swaps and forward transactions, the amount of the transaction and the ratio to the total
amount shall be noted in the margin.
(c) For funds whose accounting period is less than 6 months, the status of proprietary trading during
the past 6 months before the end of the investment report preparation period shall be indicated in
total. However, such information may also be presented for each settlement period during the
preparation period.
(d) It is not necessary to indicate categories in which proprietary trading is not conducted.

–51–

(12) Status of Self-Acquisition and Disposition of the Beneficiary Certificates of Investment Trusts theManagement Company Itself Established or Investment Securities of an Investment Corporation
A. Indication Examples○ Status of In-house Establishment and Early Cancellation of This Fund
Beginningbalance(principal)

Principal
Principal
Balance at end of
established for cancelled early
periodReason for transaction
the period during the period (principal)

Millions of yen

Millions of yen

Millions of yen

Millions of yen

B. Labeling Considerations(a) The reasons for transactions shall be indicated separately for the matters set forth in each item of
Article 6-2, Paragraph 1 of the Rules on Full Members’ Business Operations, etc.
(b) For funds whose accounting period is less than 6 months, the balance at the beginning and theend of the preparation period of the investment report and the amount of establishment and earlycancellation during the preparation period shall be presented in the same manner as the example.

(13) Description of Incorporated Assets
A. Form Examples(a) Domestic shares
A. Listed Shares
Fund with an accounting period of less than 6 months〇

Statement of Incorporated Securities
End of the __thPreparation Period
Issue
Number of Shares___ industry (##, #%)
Issue
…
Issue
___ industry (##, #%)
Issue
…
Issue

Thousand shares

End of the __thPreparation Period
Number of Appraised
sharesvalue
ThousandsharesThousands ofyen

Number of shares,
amount
Total
Number of issues<percentage>(Note 1) Figures in (shares.
(Note 2) Figures in <<%>) in the issue column indicate the ratio of each type of industry to the total appraised value of domestic> in the total column indicate the ratio of the appraised value to the total amount of net assets.

–52–

Funds with an accounting period of 6 months or more〇Statement of Incorporated Securities
Beginning of Period
End of Current Period(End of previous period)
Issue
Number of Shares
Thousand shares___ industry (##, #%)
Issue
…
Issue
___ industry (##, #%)
Issue
…
Issue
Number of shares,
amount
Total
Number of issues<percentage>

Number of Appraised
sharesvalue
ThousandsharesThousands of
yen

<

%>

(Note 1) Figures in (shares.

) in the issue column indicate the ratio of each type of industry to the total appraised value of domestic(Note 2) Figures in <> in the total column indicate the ratio of the appraised value to the total amount of net assets.

B. Unlisted Shares
Fund with an accounting period of less than 6 months〇

Statement of Incorporated Securities
End of the __thPreparation Period

End of the __thPreparation Period

Number of Shares

Number of Appraised
shares
value

Issue

Thousand shares___ industry (##, #%)○○ issue…
○○ issueThousandsharesThousands ofyen

Number of shares,
amount
Total
Number of issues<percentage><%>(Note 1) Figures in (shares.

) in the issue column indicate the ratio of each type of industry to the total appraised value of domestic(Note 2) Figures in <> in the total column indicate the ratio of the appraised value to the total amount of net assets.

–53–

Funds with an accounting period of 6 months or more〇Statement of Incorporated Securities
Beginning of Period
End of Current Period(End of previous period)

Issue

Number of Shares
Thousand shares___ industry (##, #%)○○ issue…
○○ issueNumber of shares,
amount
Total
Number of issues<percentage>

Number of Appraised
sharesvalue
ThousandsharesThousands of
yen

<

%>

(Note 1) Figures in (shares.

) in the issue column indicate the ratio of each type of industry to the total appraised value of domestic(Note 2) Figures in <> in the total column indicate the ratio of the appraised value to the total amount of net assets.

(b) Foreign Shares
A. Listed, Registered Shares–54–

Fund with an accounting period of less than 6 months〇

Statement of Incorporated Securities
End of the__th
End of the __th Preparation Period
Preparation
PeriodIssue(U.S.A. ………NewYork market)
Issue
…
Issue

Appraised Value
Number of
SharesNumber ofAmountAmount in
Sharesdenominate
Japanesed in foreignyencurrency

Hundred shares

Hundred shares

Thousands of
USD

Industry

Thousands ofyen

Sub total

Number of shares,
amountNumber of issues<percentage>

–

Total

%>

<

%>

<

%>

Thousandpounds(U.K. ………London
market)
Issue
…
…
Issue
Sub total<

Number of shares,
amountNumber of issues<percentage>–

Number of shares,
amount–Number of issues<percentage>–(Note 1) The amount converted into Japanese yen is calculated by converting the market value at the end of the period into
Japanese yen at the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
(Note 2) The value in <> is the ratio of the appraised value of share from each country to total net assets.

–55–

Funds with an accounting period of 6 months or more〇Statement of Incorporated Securities
Beginning of
Period (End of
previous
period)End of Period

Issue(U.S.A. ………NewYork market)
Issue
…
…
Issue

Appraised Value
Number of
SharesNumber ofAmountAmount in
Sharesdenominate
Japanesed in foreignyencurrency

Hundred shares

Hundred shares

Thousands of
USD

Industry

Thousands ofyen

Sub total

Number of shares,
amountNumber of issues<percentage>–
Thousandpounds(U.K. ………London
market)
Issue
…
…
Issue

<

%>

Thousands ofyen

Sub total

Number of shares,
amount

Total

Number of issues<percentage>–

Number of shares,
amount–Number of issues<percentage>

–

<

%>

<

%>

(Note 1) The amount converted into Japanese yen is calculated by converting the market value at the end of the period into
Japanese yen at the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
(Note 2) The value in <> is the ratio of the appraised value of share from each country to total net assets.

–56–

B. Unlisted, Unregistered Share
Fund with an accounting period of less than 6 months〇

Statement of Incorporated Securities
End of the__th
End of the __th Preparation Period
Preparation
PeriodIssue
Appraised Value
AmountNumber of
Number ofAmount indenominate
SharesSharesJapanesed in foreignyencurrency
Hundred shares

Thousands of
USD

Thousands ofyen

Sub total

–

<

%>

Sub total(U.S.A.)
Issue
…
…
Issue
Number of shares,
amountNumber of issues<percentage>
○○
Issue
…
…
Issue
Number of shares,
amountNumber of issues<percentage>
Number of shares,
amountNumber of issues<percentage>

Hundred shares

–

<

%>

<

%>

Total

–
–

(Note 1) The amount converted into Japanese yen is calculated by converting the market value at the end of the period into
Japanese yen at the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
(Note 2) The value in <> is the ratio of the appraised value of share from each country to total net assets.

–57–

Funds with an accounting period of 6 months or more〇Statement of Incorporated Securities
Beginning of
Period (End of
previous
period)Issue
Number of
SharesAppraised Value
AmountNumber ofAmount indenominate
SharesJapanesed in foreignyencurrency

Hundred shares

Hundred shares

Thousands of
USD

Thousands ofyen

Sub total

–

<

%>

Sub total(U.S.A.)
Issue
…
…
Issue
Number of shares,
amountNumber of issues<percentage>
○○
Issue
…
…
Issue
Number of shares,
amountNumber of issues<percentage>
Number of shares,
amountNumber of issues<percentage>

End of Period

–

<

%>

<

%>

Total

–
–

(Note 1) The amount converted into Japanese yen is calculated by converting the market value at the end of the period into
Japanese yen at the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
(Note 2) The value in <> is the ratio of the appraised value of share from each country to total net assets.

–58–

(c) Domestic Stock Options CertificatesFund with an accounting period of less than 6 months

Statement of Incorporated Securities
End of the __thPreparation Period

End of the __th Preparation
PeriodIssue
Number of Certificates
Certificates○○ issue…
○○ issueNumber of
Certificates

Appraisedvalue

Certificates Thousandsof yenNumber of certificates,
amount
Total
Number of issues<percentage>(Note) Figures in <<%>> in the total column indicate the ratio of appraised value to total net assets.

Funds with an accounting period of 6 months or moreStatement of Incorporated Securities

Issue

Beginning of Period
End of Current Period(End of previous period)
Number of Certificates
Certificates○○ issue…
…
○○ issue

Total

Number of Appraised
Certificates
value
CertificatesThousands ofyen

Number of certificates,
amountNumber of issues<percentage>(Note) Figures in <<%>> in the total column indicate the ratio of appraised value to total net assets.

–58–

(d) Foreign Stock Options CertificatesFund with an accounting period of less than 6 months

Statement of Incorporated Securities
End of the__thPreparation
PeriodEnd of the __th Preparation Period

Appraised Value
AmountNumber of Number ofAmount indenominatedCertificates CertificatesJapanese
in foreignyencurrency

Issue

Certificates(U.S.A.)
Issue
…
…
Issue

CertificatesThousands of
USD

Thousands ofyen

Sub total

Number ofcertificates, amount
Number of issues<percentage>

–

Total

%>

<

%>

<

%>

Thousandpounds(U.K.)
Issue
…
…
Issue
Sub total<

Number ofcertificates, amount
Number of issues<percentage>–

Number ofcertificates, amount–

Number of issues<percentage>–(Note 1) The amount converted into Japanese yen is calculated by converting the market value at the end of the period into
Japanese yen using the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
(Note 2) The value in <> is the ratio of the appraised value by each country to total net assets.

–59–

Funds with an accounting period of 6 months or moreStatement of Incorporated Securities
Beginning of
Period (End of
previous
period)Issue

End of Current Period

Appraised Value
Number of Number ofAmountAmount in
Certificates Certificates denominated Japanese
in foreignyen
Certificates

CertificatesThousands of
USD

Thousands ofyen(U.S.A.)
Issue
…
…
Issue
Sub total

Number ofcertificates, amount
Number of issues<percentage>

–

Total

%>

<

%>

<

%>

Thousandpounds(U.K.)
Issue
…
…
Issue
Sub total<

Number ofcertificates, amount
Number of issues<percentage>–

Number ofcertificates, amount–

Number of issues<percentage>–(Note 1) The amount converted into Japanese yen is calculated by converting the market value at the end of the period into
Japanese yen at the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
(Note 2) The value in <> is the ratio of the appraised value by each country to total net assets.

–60–

(e) Domestic Option CertificatesFund with an accounting period of less than 6 months

Statement of Incorporated Securities
End of the __thPreparation Period

End of the __thPreparation Period

Number of Certificates

Number of Appraised
Certificates
value

Issue

Certificates

Certificates○○ issue…
○○ issueThousands ofyen

Number of certificates,
amount
Total
Number of issues<percentage>(Note) Figures in <<%>> in the total column indicate the ratio of appraised value to total net assets.

Funds with an accounting period of 6 months or moreStatement of Incorporated Securities

Issue

Beginning of Period
End of Current Period(End of previous period)
Number of Certificates
Certificates○○ issue…
…
○○ issueNumber of Appraised
Certificates
value
CertificatesThousands ofyen

Number of certificates,
amount
Total
Number of issues<percentage>(Note) Figures in <<%>> in the total column indicate the ratio of appraised value to total net assets.

–61–

(f) Foreign Option CertificatesFund with an accounting period of less than 6 months

Statement of Incorporated Securities
End of the__thPreparation
PeriodEnd of the __th Preparation Period

Appraised Value
AmountNumber of Number ofAmount indenominatedCertificates CertificatesJapanese
in foreignyencurrency

Issue

Certificates(U.S.A.)
Issue
…
…
Issue

CertificatesThousands of
USD

Thousands ofyen

Sub total

Number ofcertificates, amount
Number of issues<percentage>

–

Total

%>

<

%>

<

%>

Thousandpounds(U.K.)
Issue
…
…
Issue
Sub total<

Number ofcertificates, amount
Number of issues<percentage>–

Number ofcertificates, amount–

Number of issues<percentage>–(Note 1) The amount converted into Japanese yen is calculated by converting the market value at the end of the period into
Japanese yen using the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
(Note 2) The value in <> is the ratio of the appraised value by each country to total net assets.

–62–

Funds with an accounting period of 6 months or moreStatement of Incorporated Securities
Beginning of
Period (End of
previous period)

End of Current Period
Appraised Value

Issue

Number of
Certificates

Certificates

Certificates

Sub total(U.S.A.)
Issue
…
Issue
Number ofcertificates, amount

Number of
Certificates

Sub total

Number of issues<percentage>(U.K.)
Issue
…
Issue
Number ofcertificates, amountAmountAmount indenominated inJapanese yen
foreign currency
Thousands of USD

Thousands of
yen

–

Total

<

%>

<

%>

<

%>

Thousand pounds

Number of issues<percentage>–

Number ofcertificates, amount–

Number of issues<percentage>–(Note 1) The amount converted into Japanese yen is calculated by converting the market value at the end of the period into
Japanese yen at the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
(Note 2) The value in <> is the ratio of the appraised value by each country to total net assets.

(g) Domestic Corporate Bonds with Stock Options (Convertible Bonds)
Statement of Incorporated Securities
End of the __th Preparation Period
Face Value
Appraised Value

Issue

Thousands of yen

Issue
…
Issue

Thousands of yen

Amount
Total

Number of issues<percentage>(Note) Figures in <<%>> in the total column indicate the ratio of the appraised value to total net assets.

–63–

(h) Foreign Corporate Bonds with Stock Options (Convertible Bonds)
Statement of Incorporated Securities
End of the __th Preparation Period
Appraised Value
Face ValueIn Foreign
Amount in
Currency
Japanese yen

Issue

Thousands of USD

Thousands of USD

Sub
total

(U.S.A.)
Issue
…
Issue
AmountNumber of issues<percentage>(U.K.)
Issue
…
Issue
AmountThousands of yen<
Thousand pounds

Thousand pounds

Sub
total
Total

Number of issues<percentage>
AmountNumber of issues<percentage>%>

Thousands of yen

<

%>

<

%>

(Note 1) The amount converted into Japanese yen is calculated by converting the market value at the end of the period into
Japanese yen at the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
(Note 2) The value in <> is the ratio of the appraised value to total net assets.

(i) Public and Corporate Bonds
A. Disclosures by Bond Type(A) Domestic (denominated in Japanese currency) Public and Corporate Bonds
Statement of Incorporated Securities

Preparation Period
Category

Face
Value

End of the __th Preparation Period
Of which, ratio
Ratio of incorporation by
Appraised
Ratio ofof incorporation
remaining periods
value
incorporation of BB rating or 5 years or 2 years or Less than 2
below
more
more
years

Thousands Thousands of
Nationalof yenyen
government bondcertificates
Municipal bondSpecial bond(Excluding
financial bonds)
Financial bonds
Corporate bonds
with stock options(convertible bonds)
Straight bonds
Total

%

%

%

%

%

(Note) The incorporation ratio is the ratio of the appraised value to total net assets. (However, the total asset amount may also be
used for open type public and corporate bond investment trusts.)–64–

(B) Foreign Public and Corporate Bonds (Denominated in Foreign Currency)Statement of Incorporated Securities

Preparation
PeriodEnd of the __th Preparation Period

Ratio of incorporation by
Of which,remaining periods
ratio of
Face
Ratio ofAmountCategory
incorporation
Value denominated Amount in incorporation
5 years or 2 years or Less thanof BB rating
in foreign Japanese yen
more
more
2 years
or below
currency
Thousand Thousand USD Thousands of yen
%
%
%
%
%
U.S.A.
Appraised Value

U.K.

USD
Thousandpounds…
Total

Thousandpounds––(Note 1) The amount converted into Japanese yen is calculated by converting the market value at the end of the period into
Japanese yen at the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
(Note 2) Ratio of incorporation is the ratio of the appraised value to total net assets (however, the total amount of assets may also
be used for open type public and corporate bond investment trusts).

B. Individual Issue Disclosure (Denominated in Japanese and Foreign Currencies)(A) Domestic (denominated in Japanese currency) Public and Corporate Bonds
Statement of Incorporated Securities

Preparation
PeriodIssue

End of the __th Preparation Period
Rate(National
government bonds)

Face Value

Appraised Value

Thousands of yen

Thousands of yen

Thousands of yen

Thousands of yen

Thousands of yen

Thousands of yen

Redemption
Date

Sub total–(Municipal bonds)–

Sub total

–

(・・・)

–

Sub total
Total

–
–

–
–

–65–

(B) Foreign (Denominated in Foreign Currency) Public and Corporate Bonds
Statement of Incorporated Securities

Preparation
PeriodEnd of the __th Preparation Period
Appraised Value

Issue

Type

Rate

AmountFace
Redemption
denominated
In Japanese
Value
Date
in foreignyencurrency(U.S.A.)

Thousands of
USD

Issue
Sub total–––(U.K.)––

ThousandpoundsIssue
Sub total

–

–

–

Issue
Sub total
Total

–
–

–
–

–
–

Thousands of
yen

–

–

Thousand ...

(・・)

Thousands ofyen

Thousand ...

–
–

–
–

(j) Domestic Investment Trust Beneficiary Certificates and Investment Securities
Fund with an accounting period of less than 6 months

Statement of Incorporated Securities
Issue

End of the __thPreparation Period
Number of Units

Issue

Thousand units

End of the __th Preparation Period
Number of Units
Thousand units

Appraised value
Thousands of yen

…



Issue
Total

AmountNumber of issues<percentage>(Note) Figures in <

<

%>

<

%>

> in the total column indicate the ratio of the appraised value to total net assets.

–66–

Funds with an accounting period of 6 months or moreStatement of Incorporated Securities
Issue

Beginning of Period(End of previous
period)Number of Units

Number of Units

Appraised value

Thousand units

Thousand units

Thousands of yen

<

<

Issue
…
Issue
AmountNumber of issues<percentage>

Total(Note) Figures in <End of Current Period%>%>> in the total column indicate the ratio of the appraised value to total net assets.

(k) Foreign Investment Trust Beneficiary Certificates and Investment Securities
Fund with an accounting period of less than 6 months

Statement of Incorporated Securities

Issue(U.S.A.)
Issue
Issue
Sub total

AmountNumber of issues<percentage>

(UK)
Issue
Issue
Sub total

Total

AmountNumber of issues<percentage>
AmountNumber of issues<percentage>

End of the __thPreparation
PeriodEnd of the __th Preparation Period

AmountAmount in
Number of Units Number of Units denominated inJapanese yen
foreign currency
Thousand units

Thousand units

<%>

<%>

Thousand units

Thousand units

<%>

<%>

Thousands of USD

Thousands of yen

Thousand pounds

Thousands of yen

–
–

<%>

<%>

–

(Note 1) The amount converted into Japanese yen is calculated by converting the market value at the end of the period into
Japanese yen using the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
(Note 2) Figures in < > indicate the ratio of appraised value of investment trust beneficiary certificates and investment securities
by each country to total net assets.

–67–

Funds with an accounting period of 6 months or moreStatement of Incorporated Securities
Beginning of
Period (End of
previous period)

End of Current Period

Issue
Number of
Units(U.S.A.)
Issue
Issue
Sub total

AmountNumber of issues<percentage>(U.K.)Issue
Issue
Sub total

Total

AmountNumber of issues<percentage>
AmountNumber of issues<percentage>

Number of
Units

Thousand units

Thousand units

<%>

<%>

Thousand units

Thousand units

<%>

<%>

AmountAmount indenominated inJapanese yen
foreign currency
Thousands of USD

Thousands of yen

Thousand pounds

Thousands of yen

–
–

<%>

<%>

–

(Note 1) The amount converted into Japanese yen is calculated by converting the market value at the end of the period into
Japanese yen using the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
(Note 2) Figures in < > indicate the ratio of appraised value of investment trust beneficiary certificates and investment securities
by each country to total net assets.

–68–

(l) Investment Equity Subscription Right CertificatesFund with an accounting period of less than 6 months

Statement of Incorporated Securities
Issue

End of the __thPreparation Period

End of the __th Preparation Period

Number of Certificates Number of Certificates

Appraised value○○ issue…
○○ issue

Total

Number ofcertificates, amount
Number of issues<percentage>(Note) Figures in <<%>> in the total column indicate the ratio of the appraised value to total net assets.

Funds with an accounting period of 6 months or moreStatement of Incorporated Securities

Issue

Beginning of Period(End of previous
period)End of Current Period

Number of Certificates Number of Certificates

Appraised value○○ issue…
…
○○ issue

Total

Number ofcertificates, amount
Number of issues<percentage>(Note) Figures in <<> in the total column indicate the ratio of the appraised value to total net assets.

–69–

%>

(m) Details of Japanese Currency-Denominated Funds Incorporated by a Fund of Funds
Fund Name

End of Current Period
Appraised Value

Number of units
units

Stock funds
○○○○
○○○○

Ratio

Millions of yen%

Sub total
Bond funds
○○○○
○○○○
Sub total
Real estate funds
○○○○
○○○○
Sub total…
Total(Note) The value in the percentage column is the percentage to net asset.

(n) Details of Foreign Currency-Denominated Funds Incorporated by a Fund of Funds
Fund Name
Stock funds
○○○○
○○○○

Number of
units
units

End of Current Period
Appraised ValueIn Foreign
Amount in Japanese
Currencyyen
Thousands of USD
Thousand pounds……

Sub total
Bond funds
○○○○
○○○○
Sub total
Real estate funds
○○○○
○○○○
Sub total…
Total(Note) The value in the percentage column is the percentage to net asset.

–70–

Millions of yen

Ratio
%

(o) Other Domestic SecuritiesStatement of Incorporated Securities
End of the __th Preparation Period
Appraised value

Ratio

Thousands of yen

Commercial papers
Loan trust beneficiary rights(Note) The value in <

(%)

<
<

>
>

> indicates the ratio of the appraised value to total net assets.

(p) Other Foreign SecuritiesStatement of Incorporated Securities
End of the __th Preparation Period
AmountAmount indenominated in
Ratio
Japanese yen
foreign currency

Classification(U.S.A.)
Negotiable certificates ofdepositCommercial papers
Loan trust beneficiary
securities
Beneficial interest ofmonetary claims trust
Sub total(U.K.)
Negotiable certificates ofdepositCommercial papers
Loan trust beneficiary
securities
Beneficial interest ofmonetary claims trust
Sub total(Foreign total)
Negotiable certificates ofdepositCommercial papers
Loan trust beneficiary
securities
Beneficial interest ofmonetary claims trust
Total

Thousands of USD

Thousands of yen

Thousand pounds

–
–
–
–

–

(%)

<
<
<
<

>
>
>
>

<
<
<
<
<

>
>
>
>
>

<
<
<
<
<

>
>
>
>
>

<

>

(Note 1) The amount converted into Japanese yen is calculated by converting the market value at the end of the period into
Japanese yen using the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
(Note 2) The value in <> indicates the ratio of the appraised value to total net assets.

–71–

(q) Monetary Claims
End of the __th Preparation Period
Type

Total Receivables
Thousands of yen

Domestic

End of the __th Preparation Period
Total Receivables
Type
In Foreign
Amount in
Currency
Japanese yen
Forei
gn

U.S.A.
U.K.
………

Thousands of USD

Thousands of yen

Thousand pounds

Thousands of yen

Thousand ...

Thousands of yen(r) Promissory Notes
End of the __th Preparation
PeriodReceivable amountThousands of yen

Domestic

End of the __th Preparation Period
Receivable amount
In Foreign Currency
Amount in Japanese yen
Foreign

U.S.A.

Thousands of USD

Thousands of yen

U.K.

Thousand pounds

Thousands of yen

Thousand ...

Thousands of yen

………

–72–

(s) Beneficial Interests, Silent Partnership Equity, and Beneficiary Certificate Issuing Trusts- The main content of each item shall be added.
End of the __th Preparation Period
Type

Appraised Value
Thousands of yen

Beneficial interests

Thousands of yen

Silent Partnership Equity

DomesticThousands of yen

Beneficiary certificate
issuing trusts

U.S.A.

Foreign

U.K.

……………

End of the __th Preparation Period
Appraised ValueType
In Foreign
Amount in
Currency
Japanese yen
Thousands of USD
Thousands of yen
Beneficial interests
Thousands
of
USD
Thousands of yen
Silent Partnership
EquityBeneficiary certificate Thousands of USD Thousands of yen
issuing trusts
Thousand pounds
Thousands of yen
Beneficial interests
ThousandpoundsThousands of yen
Silent Partnership
EquityThousands of yen
Beneficiary certificate Thousand pounds
issuing trusts
Thousand ...
Thousands of yen
Beneficial interests
Thousand...
Thousands of yen
Silent Partnership
EquityThousand ...
Thousands of yen
Beneficiary certificate
issuing trusts(t) Period-end balance by instrument
A. Instruments in Japanese Yen
Fund with an accounting period of less than 6 months

Statement of Incorporated Instruments

By TypeEnd of the __thPreparation
PeriodQuantity

End of the __th Preparation
PeriodQuantity

Appraised
Value
Thousands of yen

Gold
Azuki beans…
Total(Note) Figures in <Amount<percentage>––> in the total column indicate the ratio of the appraised value to total net assets.

–73–

<

%>

Funds with an accounting period of 6 months or moreStatement of Incorporated Instruments

By Type

Beginning of
Period (End of
previous period)
Quantity

End of Current Period
Quantity

Appraised
Value
Thousands of yen

Gold
Azuki beans…
Amount<percentage>

Total(Note) Figures in <

–

–

<

%>

> in the total column indicate the ratio of the appraised value to total net assets.

B. Instruments Denominated in Foreign Currencies
Fund with an accounting period of less than 6 months

Statement of Incorporated Instruments
End of the __thPreparation
PeriodEnd of the __th Preparation Period

By Type
Quantity

Quantity

Appraised Value
Amountdenominated
Amount inin foreign
Japanese yen
currency
Thousands of
USD(U.S.A.)Gold
Azuki beans

Thousands of yen…
Sub total

Amount<percentage>

–

–

(○ ○)

<

%>

Thousands of yen

Gold
Azuki beans…
Sub total
Total

Amount<percentage>
Amount<percentage>

–
–

–

<

%>

–

<

%>

(Note 1) The amount converted into Japanese yen is calculated by converting the market value at the end of the period into
Japanese yen at the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
(Note 2) The value in <> is the ratio of the instrument appraised value of each country to total net assets.

–74–

Funds with an accounting period of 6 months or moreStatement of Incorporated Instruments
Beginning of
Period (End of
previous period)

End of Current Period

By Type
Quantity

Quantity

Appraised Value
Amountdenominated
Amount inin foreign
Japanese yen
currency
Thousands of
USD(U.S.A.)Gold
Azuki beans

Thousands of yen…
Sub total

Amount<percentage>

–

–

(○ ○)

<

%>

Thousands of yen

Gold
Azuki beans…
Sub total
Total

Amount<percentage>
Amount<percentage>

–
–

–

<

%>

–

<

%>

(Note 1) The amount converted into Japanese yen is calculated by converting the market value at the end of the period into
Japanese yen at the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
(Note 2) The value in <> is the ratio of the instrument appraised value of each country to total net assets.

–75–

(u) Period-End Balance of Futures Transactions by IssueStatement of Incorporated Securities
By Issue

End of the __th Preparation Period
Purchase priceSell priceMillions of yen

Millions of yen

Nikkei Stock Average

Nikkei 300

TOPIX

Domestic

Futures 50

Standard government
bonds

Currency

Instruments…………

S&P 500

Foreign

Instruments…………

(Note) Appraised value denominated in foreign currencies is calculated by converting the market value at the end of the period
into Japanese yen at the medium price at the end of the preparation period.

–76–

(v) Period-End Balance of Options by Issue
By Issue

By call/put

Nikkei 225
SharesNikkei 300
TOPIX

Bonds

Domestic

Interest rate

Currency

Instruments…

S&P 500
SharesForeign

Bonds

Instruments

T-BOND

Call
Put
Call
Put
Call
Put
Call
Put
Call
Put
Call
Put
Call
Put
Call
Put
Call
Put
Call
Put
Call
Put
Call
Put
Call
Put
Call
Put
Call
Put
Call
Put
Call
Put
Call
Put
Call
Put

End of the __th Preparation Period
Purchase priceSell priceMillions ofyenMillions of yen

…

Call
Put

(Note) Appraised value denominated in foreign currencies is calculated by converting the market value at the end of the period
into Japanese yen at the medium price at the end of the preparation period.

–77–

(w) Period-End Balance of Individual Stock Options by IssueStatement of Incorporated Securities
By
call/put

By Issue

Purchase priceMillions of yen

Sell priceMillions of yen

…

○○○○

Foreign

○○○○
○○○○
…

Domestic○○○○

End of the __th Preparation Period(Note) Appraised value denominated in foreign currencies is calculated by converting the market value at the end of the period
into Japanese yen at the medium price at the end of the preparation period.

(x) Balance of Swaps and Forward Transactions
Contract Balance
Notional amount of principal at end of the__th preparation periodTypemillion yen…

Interest rate
Currency
Forward rate
Forward currency
Forward instrument
Total(y) Balance of Mother Fund
Fund with an accounting period of less than 6 months

〇Statement of Incorporated Securities

Type

End of the __thPreparation Period
Units____ Mother____ Mother____ MotherEnd of the __th Preparation Period
Units

Appraised value

Thousand units

Thousand units

Thousands of yen

Thousand units

Thousand units

Thousands of yen

Thousand units

Thousand units

Thousands of yen–78–

Funds with an accounting period of 6 months or more〇Statement of Incorporated Securities
Beginning of Period(End of previous period)
Units

Type

End of Current Period
Units____ MotherThousand units

Thousand units____ MotherThousand units

Thousand units____ MotherThousand units

Thousand units

Appraised value
Thousands of yen
Thousands of yen
Thousands of yen

B. Labeling Considerations(a) A statement of incorporated assets shall be prepared for each asset.
(b) The order of indication shall be as follows: shares, stock options certificates, option certificates,
corporate bonds with stock options (convertible bonds), public and corporate bonds, investment
trust beneficiary certificates and investment securities, investment equity subscription rightcertificates, other securities, monetary claims, promissory notes, beneficial interests, silent
partnership equity, trusts issuing beneficiary certificates, instruments, futures, options, swaps,
forward transactions, and mother funds.
(c) Domestic shares shall be classified by industry and indicated by issue.
(d) In the case of a fund mainly invests in corporate bonds with stock options (convertible bonds),
corporate bonds with stock options (convertible bonds) shall be indicated by issue, separatelyfrom straight bonds. When corporate bonds with stock options (convertible bonds) are indicatedseparately by issue, they shall be omitted from example presentations of (A) Domestic(denominated in Japanese currency) and (B) Foreign (denominated in foreign currency) bonds
indicated in A. Disclosures by Bond Type in (i) public and corporate bonds.
(e) For assets not applicable, the table shall be omitted and the number in () incrementally

increased.
In the event that there are absolutely no shares, stock options certificates or option certificates etc.
with the nature of shares in the stock investment trust, such fact shall be stated in the notes.
(f) For the statement of securities of the mother fund, the total number of units of beneficial interest insuch mother fund shall be noted in the margin.
(g) For investment trust beneficiary certificates and investment securities or mother funds, thenumber of units at the end of the previous period and the number of units at the end of the current
period and the appraised value shall be indicated.
(h) For incorporated shares (including stock options certificates and option certificates having thenature of shares), the number of shares (number of certificates) as of the end of the previous
period and the number of shares (number of certificates) as of the end of the current period as wellas the appraised value shall be indicated.
(For funds with an accounting period of less than 6 months, the end of the previous period and the–79–

end of the current period shall be read as the end of the previous preparation period and the end of
the current preparation period.)
For incorporated securities other than shares (including stock options certificates and option
certificates having the nature of shares), a securities statement at the end of the current period
shall be presented in principle, but disclosure of details beyond provisions such as presentation at
the end of the previous period shall be at the discretion of each company.
(i) For funds whose accounting period is less than 6 months, the record for the end of each settlement
period during the last 6 months before the end of such investment report preparation period may
be indicated.
(j) With regard to (Note) in A. Disclosures by Bond Type in (i) public and corporate bonds, this shallnot apply if such rate is likely to make it impossible to accurately indicate the status of the trust
property.
Non-listed bonds may be presented as a breakdown by category.
(k) The types of bonds in the Issue column of (A) Domestic public and corporate bonds in B
Individual Issue Disclosure in (i) public and corporate bonds shall be categorized into national
government bonds, municipal bonds, special bonds (excluding financial bonds), financial bonds,
corporate bonds with stock options (convertible bonds), and straight bonds (including investment
corporation bonds) and other corporate bonds.
(l) With regard to the real estate investment trust to be incorporated, if the operating company or theadministrative trustee company thereof is a settlor company of investment trusts or interested
party thereof who gives instructions for the management of a fund of funds, such fact shall be
indicated by explanatory notes.
(m) For the investment trust securities (excluding real estate investment trusts) incorporated into afund of funds, a statement of incorporated securities for major investment targets shall be
indicated and prepared for the most recent settlement period available for each investment trust(semiannual settlements or quarterly reports may also be acceptable.). In this case, however, therelevant part of the report of the investment trust securities into which the investment is made may
be excerpted (such as top issues and major transactions) and indicated. They may also be shown in
the “Contents of Incorporated Investment Trust Securities” at the end of the items to be indicatedin the investment report.

(14) Status of Margin Transactions
A. Form Examples
Issue

Margin Transactions Short Balance
End of the __th Preparation Period
Number of Shares
Appraised value
Thousand shares

Total

–80–

Thousands of yen

B. Labeling Considerations(a) For funds with an accounting period of less than 6 months, the balance of margin transactions at
the end of each settlement period during the past 6 months before the end of the preparation
period may be indicated.
(b) The status of margin transactions shall be indicated on a voluntary basis and may not be indicated.

(15) Status of Short Selling of Bonds
A. Form Examples
Type

End of the __th Preparation Period
Face Value
Appraised value

National Government
Bonds

Thousands of yen

Thousands of yen

Municipal Bonds
Special Bonds (excluding
financial bonds)
Financial Bonds
Straight Bonds
Total

B. Labeling Considerations(a) For funds with an accounting period of less than 6 months, the status of short selling of bonds atthe end of each fiscal period during the past 6 months before the end of the preparation period
may be indicated.
(b) The status of short selling of bonds shall be indicated on a voluntary basis and may be omitted.

–81–

(17) Composition of Investment Trust Property
A. Form Examples(a) In the case of a direct investment fundComposition of an Investment Trust Property
As of MM/DD/YYYY
Item

SharesStock options certificates
Option certificates, etc.
Corporate Bonds with Stock
Options (Convertible bonds)
Public and corporate bonds
Investment trust beneficiary
certificates
Investment equity subscription
right certificates
Other securities…
Instruments…
Call Loans, and Other
Instruments
Total Amount of Investment
Trust Property

End of the __th Preparation Period
Appraised value
Ratio
Thousands of yen

%

100.0

(Note 1) The amount of assets denominated in foreign currency converted into Japanese yen is calculated by converting themarket value at the end of the period into Japanese yen using the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
The exchange rate in Japanese yen on MM DD is ___.
(Note 2) The ratio of assets denominated in foreign currencies to the total amount of investment trust property is ___ thousand
yen, ○.○%.

–82–

(b) In the case of an indirect investment fundComposition of an Investment Trust Property

Item

As of MM/DD/YYYY
End of the __th Preparation Period
Appraised value
Ratio

SharesPublic and Corporate Bonds
Other securities…
___ Stock Mother___ Corporate Bond MotherCall Loans, and Other
Instruments
Total Amount of Investment
Trust Property

Thousands of yen

%

100.0

(Note 1) The amount of assets denominated in foreign currency converted into Japanese yen is calculated by converting themarket value at the end of the period into Japanese yen using the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.
The exchange rate in Japanese yen on MM DD is ___.
(Note 2) The ratio of assets denominated in foreign currencies to the total amount of investment trust property is ___ thousand
yen, ○.○% in stock mother funds, and ___ thousand yen, ○.○% in public and corporate bond mother funds.

B. Labeling Considerations(a) Incorporated assets shall be indicated by dividing them into shares, stock options certificates, opt
ion certificates, corporate bonds with stock options (convertible bonds), public and corporate bonds, investment trust beneficiary certificates and investment securities, investment equity subscri
ption right certificates, other securities, monetary claims, promissory notes, beneficial interests,
silent partnership equity, trusts issuing beneficiary certificates, instruments and mother fund ben
eficiary certificates.
(b) For the denominator of the incorporation ratio, the total amount of investment trust property shal
l be indicated in the table.
(c) Other items such as call loans, etc., shall be the amount and ratio of incorporated securities to thetotal amount of the investment trust property.
(d) For the family fund method, the display order shall be directly incorporated funds firstly and foll
owed by the mother fund.
(e) The ratio of the total net assets pertaining to assets denominated in foreign currencies to total inv
estment trust property at the end of the current preparation period shall be noted.
(f) For funds whose accounting period is less than 6 months, the composition of the trust property atthe end of the preparation period of the investment report shall be indicated. However, such infor
mation may also be presented for each settlement period during the preparation period.
(g) Items for assets not applicable shall be omitted.

–83–

(19) Status of Assets, Liabilities, Principal and Base Value and Status of Profit and Loss
A. Indication Examples(a) Unit Type Investment Trusts
Fund with an accounting period of less than 6 months○ Status of Assets, Liabilities, Principal and Base value
As of (MM/DD/YYYY) and (MM/DD/YYYY)
Item

End of __th Period * In case ofredemption:
Yen
Yen [at redemption]

End of __th Period(A) Assets
Call Loans, etc.
Shares (Appraised value)
Stock options certificates(Appraised value)
Option certificates, etc.(Appraisedvalue)
Public and Corporate Bonds(Appraised value)
Investment trust beneficiary
certificates (Appraised value)
Instruments (Appraised value)…
No. __ Stock Fund (Appraisedvalue)
No. __ Public and Corporate Bond
Fund (Appraised value)
Call option (Purchase)
Put option (Purchase)
Accounts Receivable
Accrued Dividends Receivable
Accrued Interest
Prepaid Expenses
Other Accrued Revenue
Guarantee Deposits
Customers’ Margin Deposits…
(B) Liabilities
Call Option (Sell)
Put Option (Sell)
Loans
Accounts Payable
Unpaid Share Subscription
Unpaid Dividends
Redemption Payable
Accrued Trust Fees Payable
Accrued Interest Expenses
Other Accrued Expenses…
(C) Total Net Assets (Note)
Principal
Profit or Loss Carried Forward for
the Next Period[Profit or loss on redemption](D) Total Units of Beneficial Interest
Base Value per Unit (C/D)–[Redemption value per unit (C/D)]

units
Yen

units
Yen
yen sen(Note) Loss or gain on valuation of futures transactions, etc. (XXXX yen) is added to Assets (A) - Liabilities (B).

–84–

Funds with an accounting period of 6 months or more

○ Status of Assets, Liabilities, Principal and Base value
As of (MM/DD/YYYY)
Item

End of Current Period(A) Assets
Call Loans, etc.
Shares (Appraised value)
Stock options certificates(Appraised value)
Option certificates, etc.(Appraisedvalue)
Public and Corporate Bonds(Appraised value)
Investment trust beneficiary
certificates (Appraised value)
Instruments (Appraised value)…
No. __ Stock Fund (Appraisedvalue)
No. __ Public and Corporate Bond
Fund (Appraised value)
Call option (Purchase)
Put option (Purchase)
Accounts Receivable
Accrued Dividends Receivable
Accrued Interest
Prepaid Expenses
Other Accrued Revenue
Guarantee Deposits
Customers’ Margin Deposits…
(B) Liabilities
Call Option (Sell)
Put Option (Sell)
Loans
Accounts Payable
Unpaid Share Subscription
Unpaid Dividends
Redemption Payable
Accrued Trust Fees Payable
Accrued Interest Expenses
Other Accrued Expenses…
(C) Total Net Assets (Note)
Principal
Profit or Loss Carried Forward for
the Next Period[Profit or loss on redemption](D) Total Units of Beneficial Interest
Base Value per Unit (C/D)[Redemption value per unit (C/D)]* In case ofredemption:
Yen [at redemption]

units
Yen
yen sen(Note) Loss or gain on valuation of futures transactions, etc. (XXXX yen) is added to Assets (A) - Liabilities (B).

–85–

Fund with an accounting period of less than 6 months○ Status of Profit and Loss__th Period From MM/DD/YYYY To MM/DD/YYYY__th Period From MM/DD/YYYY To MM/DD/YYYY
Item

End of __th Period(A) Dividend, etc., Income
Dividend Income
Interest Income
Other Revenues
Interest Expenses(B) Gain or Loss on Securities
Transaction
Gain on Sale
Loss on Sale
(C) Gain or Loss on Futures
Transactions, etc.
Gains on Transactions
Loss on Transactions(D) Loss or Gain on Valuation of

End of __th Period

Yen

Yen

-

-

-

-

-

-

-

-

Securities(E) Loss or Gain on Valuation of
Futures Transactions, etc.
(F) Trust Fees, etc.
(G) Subscription Fees
(H) Current Period Profit or Loss (A+B+ C + D + E + F + G)
(I) Profit or Loss Carried Forwardfrom the Previous Period(J) Profit or Loss on Early
Cancellation(K) Total (H + I + J)(L) Dividends
Profit or Loss Carried Forward to
the Next Period (K + L)
[Profit or loss on redemption][Of which, reserve for stock pricefluctuation]…

–86–

Funds with an accounting period of 6 months or more

○ Status of Profit and Loss
Current Period From MM/DD/YYYY To MM/DD/YYYY
Item

Current Period(A) Dividend, etc., Income
Dividend Income
Interest Income
Other Revenues
Interest Expenses(B) Gain or Loss on Securities
Transaction
Gain on Sale
Loss on Sale
(C) Gain or Loss on Futures
Transactions, etc.
Gains on Transactions
Loss on Transactions(D) Loss or Gain on Valuation of

Yen

-

-

Securities(E) Loss or Gain on Valuation of
Futures Transactions, etc.

-

(F) Trust Fees, etc.
(G) Subscription Fees
(H) Current Period Profit or Loss (A+B+ C + D + E + F + G)
(I) Profit or Loss Carried Forward fromthe Previous Period-(J) Profit or Loss on Early Cancellation(K) Total (H + I + J)(L) Dividends
Profit or Loss Carried Forward to
the Next Period (K + L)
[Profit or loss on redemption][Of which, reserve for stock pricefluctuation]…

–87–

(b) Open Type Investment Trusts
Fund with an accounting period of less than 6 months○ Status of Assets, Liabilities, Principal and Base value
As of (MM/DD/YYYY), (MM/DD/ YYYY)
Item

End of __th Period * In case ofredemption:
Yen
Yen [at redemption]

End of __th Period(A) Assets
Call Loans, etc.
Shares (Appraised value)
Stock options certificates(Appraised value)
Option certificates, etc. (Appraisedvalue)
Public and Corporate Bonds(Appraised value)
Equity Securities (Appraised value)
Investment trust beneficiary
certificates (Appraised value)
Other securities (Appraised value)
Instruments (Appraised value)…
Call Option (Purchase)
Put Option (Purchase)
Accounts Receivable
Accrued Dividends Receivable
Accrued Interest
Prepaid Expenses
Other Accrued Revenue
Guarantee Deposits
Customers’ Margin Deposits…
(B) Liabilities
Call Option (Sell)
Put Option (Sell)
Loans
Accounts Payable
Unpaid Share Subscription
Unpaid Dividends
Redemption Payable
Accrued Trust Fees Payable
Accrued Interest Expenses
Securities Received as Customers’
Deposits for Guarantee Deposits
Securities Received as Customers’
Deposits for Customers’ Margin
Other Accrued Expenses…
(C) Total Net Assets (A) - (B)Principal
Profit or Loss Carried Forward for
the Next Period(D) Total Units of Beneficial Interest
Base Value per Unit (C/D)[Redemption value per unit (C/D)]

units
Yen
–

–88–

units
Yen For 1 yen per unit:
yen sen (C/D, unit forindicating base value)Funds with an accounting period of 6 months or more

○ Status of Assets, Liabilities, Principal and Base value
As of (MM/DD/YYYY)
Item

End of Current Period(A) Assets
Call Loans, etc.
Shares (Appraised value)
Stock options certificates(Appraised value)
Option certificates, etc. (Appraisedvalue)
Public and Corporate Bonds(Appraised value)
Equity Securities (Appraised value)
Investment trust beneficiary
certificates (Appraised value)
Other securities (Appraised value)
Instruments (Appraised value)…
Call Option (Purchase)
Put Option (Purchase)
Accounts Receivable
Accrued Dividends Receivable
Accrued Interest
Prepaid Expenses
Other Accrued Revenue
Guarantee Deposits
Customers’ Margin Deposits…
(B) Liabilities
Call Option (Sell)
Put Option (Sell)
Loans
Accounts Payable
Unpaid Share Subscription
Unpaid Dividends
Redemption Payable
Accrued Trust Fees Payable
Accrued Interest Expenses
Securities Received as Customers’
Deposits for Guarantee Deposits
Securities Received as Customers’
Deposits for Customers’ Margin
Other Accrued Expenses…
(C) Total Net Assets (A) - (B)Principal
Profit or Loss Carried Forward for
the Next Period(D) Total Units of Beneficial Interest
Base Value per Unit (C/D)[Redemption value per unit (C/D)]* In case ofredemption:
Yen [at redemption]

units For 1 yen per unit:
Yen (C/D, unit foryen sen indicating base value)–89–Fund with an accounting periodof less than 6 months○ Status of Profit and Loss__th Period From MM/DD/YYYY To MM/DD/YYYY__th Period From MM/DD/YYYY To MM/DD/YYYY
Item

End of __th Period

End of __th Period(A) Dividend, etc., Income
Dividend Income
Interest Income
Other Revenues
Interest Expenses(B) Gain or Loss on Securities
Transaction
Gain on Sale
Loss on Sale
(C) Gain or Loss on Futures
Transactions, etc.
Gains on Transactions
Loss on Transactions(D) Trust Fees, etc.
(E) Current Period Profit or Loss (A+

-

-

-

-

-

-

-

-

B+ C + D)(F) Profit or Loss Carried Forwardfrom the Previous Period(G) Profit or Loss on Open Type Trusts(Equivalent amount for
dividends, etc.)(Equivalent amount for trading
profit or loss)(H) Total (E + F + G)
(I) Dividends
Profit or Loss Carried forward to
the Next Period (H + I)Profit or Loss on Open Type
Trusts(Equivalent amount for
dividends, etc.)(Equivalent amount for trading
profit or loss)[Profit or loss on redemption]
Reserve for Dividends
Profit or Loss Carried Forward…

–90–Funds with an accounting period of 6 months or more

○ Status of Profit and Loss
Current Period From MM/DD/YYYY To MM/DD/YYYY
Item

Current Period(A) Dividend, etc., Income
Dividend Income
Interest Income
Other Revenues
Interest Expenses(B) Gain or Loss on Securities
Transaction
Gain on Sale
Loss on Sale
(C) Gain or Loss on Futures
Transactions, etc.
Gains on Transactions
Loss on Transactions(D) Trust Fees, etc. etc.
(E) Current Period Profit or Loss (A+--B+ C + D)(F) Profit or Loss Carried Forwardfrom the Previous Period(G) Profit or Loss on Open Type Trusts(Equivalent amount for
dividends, etc.)(Equivalent amount for trading
profit or loss)(H) Total (E + F + G)-

(I) Dividends
Profit or Loss Carried Forward to
the Next Period (H + I)Profit or Loss on Open Type
Trusts(Equivalent amount for
dividends, etc.)(Equivalent amount for trading
profit or loss)[Profit or loss on redemption]
Reserve for Dividends
Profit or Loss Carried Forward…

–91–

(c) Bond Investment Trusts
Fund with an accounting period of less than 6 months〇

Status of Assets, Liabilities, Principal and Base Value
As of (MM/DD/YYYY), (MM/DD/ YYYY)
Item

End of __th Period

End of __th Period

Yen

Yen

units
Yen
–

units
Yen
yen sen(A) Assets
Call Loans, etc.
National Government Bonds(Appraised value)
Municipal Bonds (Appraised value)
Special Bonds (Appraised value)
Corporate Bonds (Appraised value)
Investment trust beneficiary
certificates (Appraised value)
Other Securities (Appraised value)…
Call Option (Purchase)
Put Option (Purchase)
Accounts Receivable
Accrued Interest
Accrued Gain Receivable
Prepaid Expenses
Other Accrued Revenue
Customers’ Margin Deposits…
(B) Liabilities
Call Option (Sell)
Put Option (Sell)
Loans
Accounts Payable
Unpaid Dividends
Redemption Payable
Accrued Trust Fees Payable
Securities Received as Customers’
Deposits for Customers’ Margin
Other Accrued Expenses…
(C) Total Net Assets (A) - (B)Principal
Profit or Loss Carried Forward for
the Next Period[Profit or loss on redemption](D) Total Units of Beneficial Interest
Base Value per 10,000 Units (C/D)[Redemption value per 10,000 units(C/D)]–92–* In case of redemption:[at redemption]

Funds with an accounting period of 6 months or more〇

Status of Assets, Liabilities, Principal and Base Value
As of (MM/DD/YYYY)
Item

End of Current Period(A) Assets
Call Loans, etc.
National Government Bonds(Appraised value)
Municipal Bonds (Appraised value)
Special Bonds (Appraised value)
Corporate Bonds (Appraised value)
Investment trust beneficiary
certificates (Appraised value)
Other Securities (Appraised value)…
Call Option (Purchase)
Put Option (Purchase)
Accounts Receivable
Accrued Interest
Accrued Gain Receivable
Prepaid Expenses
Other Accrued Revenue
Customers’ Margin Deposits…
(B) Liabilities
Call Option (Sell)
Put Option (Sell)
Loans
Accounts Payable
Unpaid Dividends
Redemption Payable
Accrued Trust Fees Payable
Securities Received as Customers’
Deposits for Customers’ Margin
Other Accrued Expenses…
(C) Total Net Assets (A) - (B)Principal
Profit or Loss Carried Forward for
the Next Period[Profit or loss on redemption](D) Total Units of Beneficial Interest
Base Value per 10,000 Units (C/D)[Redemption value per 10,000 units(C/D)]* In case ofredemption:
Yen [at redemption]

units
Yen
yen sen–93–Fund with an accounting period of less than 6 months○ Status of Profit and Loss__th Period From MM/DD/YYYY To MM/DD/YYYY__th Period From MM/DD/YYYY To MM/DD/YYYY
Item

End of __th Period

End of __th Period(A) Interest Income, etc.
Interest Income
Accrued Gain
Other Revenues
Interest Expenses(B) Gain or Loss on Securities
Transaction
Gain on Sale
Loss on Sale
(C) Gain or Loss on Futures
Transactions, etc.
Gains on Transactions
Loss on Transactions(D) Trust Fees, etc. etc.
(E) Current Period Net Profit (A + B +

-

-

-

-

-

-

-

-

C + D)(F) Profit or Loss Carried Forwardfrom the Previous Period(G) Profit or Loss on Early
Cancellation(H) Total (E + F + G)
(I) Dividends
Profit or Loss Carried Forward to
the Next Period (H + I)[Profit or loss on redemption]…

–94–

Funds with an accounting period of 6 months or more

○ Status of Profit and Loss
Current Period From MM/DD/YYYY To MM/DD/YYYY
Item

Current Period(A) Interest Income, etc.
Interest Income
Accrued Gain
Other Revenues
Interest Expenses(B) Gain or Loss on Securities
Transaction
Gain on Sale
Loss on Sale
(C) Gain or Loss on Futures
Transactions, etc.
Gains on Transactions
Loss on Transactions(D) Trust Fees, etc. etc.
(E) Current Period Net Profit (A + B +--C + D)(F) Profit or Loss Carried Forwardfrom the Previous Period(G) Profit or Loss on Early
Cancellation-(H) Total (E + F + G)
(I) Dividends
Profit or Loss Carried Forward to
the Next Period (H + I)[Profit or loss on redemption]…

B. Labeling Considerations(a) For funds whose accounting period is less than 6 months, the status of assets, liabilities, principal
and base value and the status of profit and loss for each settlement period during the past 6 months
before the end of the preparation period shall be indicated. However, the status of assets, liabilities,
principal and base value at the end of the preparation period may be indicated, and the status ofprofit and loss may be presented in total for the preparation period.
(b) Any matters to be stipulated in the provisions of the Ordinance on Investment Trust’s Financial
Statements shall be stated in the notes.

–95–

Attached Table 1-2

Form and Indication Example of Investment Report (Delivery Version) for
Securities Investment Trusts(Articles 3-2 and 3-3 of the Rules)

1. Items to Be Indicated on the Cover Page (Article 3-2 of the Rules)(8) To Beneficiaries:
A. Indication Examples
To Beneficiaries:
We would like to thank you for your continued patronage.
The “〇〇〇〇 Fund” has just completed the settlement of accounts for its 〇th period.
The fund has been managed with the aim of ______. We would like to report on the investment
progress of this period as follows:
We look forward to your continued support and patronage.
B. Labeling Considerations when displaying “To Beneficiaries”(a) When showing the information, it shall be shown conspicuously and with reference to theindication examples above.

–96–

2. Items to Be Indicated in the Text (Article 3-3 of the Rules)
The form of items to be indicated in the text shall be as follows:(1) Explanation of investment progress(i) Changes in base value, etc.
A.

Indication Example* Base value after dividend reinvestment is calculated on the assumption that income distribution (includingtax) is reinvested at the time of distribution and indicates the actual performance of fund management.
* Whether or not dividends are reinvested depends on the course the customer is utilizing. Also, the terms oftaxation vary depending on the purchase price of the fund. Therefore, it does not indicate the profit and loss
status of the customer.

B. Labeling Considerations(a) The changes in the base value, the changes in the base value after dividend reinvestment, andthe changes in the amount of total net assets during the preparation period shall be indicatedin one chart.
(b) The changes in the base value and the changes in the base value after dividend reinvestment
shall be indicated on a line graph and it shall be stated that the left axis indicates the unit of–97–

measurement.
(c) The changes in the amount of total net assets shall be displayed on the line graph along withthe area graph and it shall be stated that the right axis indicates the unit of measurement.
(d) The base value and the rate of fluctuation (after reinvestment of dividends) at the beginningand the end of the preparation period shall be displayed. In addition, the “Amount ofdividends paid” shall be displayed near the base value at the end of the period.
(e) In principle, benchmarks shall be included in such charts.
(f) The following note shall be displayed below the above diagram:- That the base value after dividend reinvestment shall be calculated by assuming that thedividends (including tax) has been reinvested at the time of distribution, and indicates theactual performance of fund management.
- Whether or not dividends are reinvested depends on the course the customer is utilizing.
Also, the terms of taxation vary depending on the purchase price of the fund. Therefore,that it does not indicate the profit and loss status of the customer.

(ii) Main Factors for Fluctuations in the Base Value
When explaining main factors for fluctuations in the base value, the explanation shall be concise
and easy to understand in writing, comparing it to the contents described in the “Purpose and Featuresof the Fund” section of the Delivery Prospectus of the investment trust.

–98–

(iii) Details of Expenses per 10,000 Units
A. Form Examples
Fund with an accounting period of less than 6 months〇

Details of Expenses per 10,000 Units__th Period to __th Period
Item(MM/DD/YYYY Amount
Yen

Summary of Items

Ratio
%

Where described in (Note 1): (☆1)(a) Trust Fees
(Investment trust company)

Where described in (Note 1): (☆2)(Seller)

Where described in (Note 1): (☆3)(Trustee company)

Where described in (Note 1): (☆4)(b) Subscription Fees
Where described in (Note 1): (☆5)(c) Trading Commissions(Shares)(Stock options certificates)(Option certificates, etc.)(Corporate bonds with stock options(convertible bonds)) (instruments)(Futures and options)

Where described in (Note 1): (☆6)(d) Securities Transaction Tax(Shares)(Stock options certificates)(Option certificates, etc.)(Corporate bonds with stock options(convertible bonds))(Public and corporate bonds)

Where described in (Note 1): (☆7)(e) Other Expenses(Storage expenses)(Audit expenses)(Other)
Total

–99–

Funds with an accounting period of 6 months or more〇

Details of Expenses per 10,000 Units
Current Period
Item(MM/DD/YYYY MM/DD/YYYY)
AmountYen(a) Trust Fees
(Investment trust company)

Summary of Items

Ratio
%

Where described in (Note 1): (☆1)
Where described in (Note 1): (☆2)(Seller)

Where described in (Note 1): (☆3)(Trustee company)

Where described in (Note 1): (☆4)(b) Subscription Fees
Where described in (Note 1): (☆5)(c) Trading Commissions(Shares)(Stock options certificates)(Option certificates, etc.)(Corporate bonds with stock
options (convertible bonds))(Instruments)(Futures and options)(d) Securities Transaction Tax(Shares)

Where described in (Note 1): (☆6)

(Stock options certificates)(Option certificates, etc.)(Corporate bonds with stock
options (convertible bonds))(Public and corporate bonds)(e) Other Expenses(Storage expenses)

Where described in (Note 1): (☆7)

(Audit expenses)(Other)
Total(Note 1)In the following Notes, (☆) shall be inserted in the right column of the table, and each company shallinsert other items as it deems necessary.
(Unit type investment trust)(Marginal notes) Overview of items
Expenses incurred during the period (including consumption tax for applicable items) are calculated using
the simplified method because the number of units of beneficial interest changes as a result of earlycancellation.
(The method of calculation shall be described, but real numbers may be omitted.)–100–

(☆1) (a) Trust fee = [Average base value during the period] x Trust fee rate (*)(*) Fund for which trust fees are recorded daily on a net asset basis.
Or[Trust fees payable at the end of the semiannual period] [Trust fees payable at the end of the period]=+[Number of units of beneficial interest at the end of the semiannual period] [Number of units of beneficial
interest at the end of the period]
The average base value for the period is 〇〇〇〇 yen.
The “Ratio” column indicates the ratio obtained by dividing the each amount of expenses per 10,000 units
by the average base value during the period and multiplying 100.
The following job description of items for compensation are examples used for examples.
(☆2) Compensation for management of the entrusted funds(☆3) Compensation for sending various documents such as the Investment Report (Delivery Version),managing the fund in the account, and providing information after purchase(☆4) Compensation for management of investment property and execution of instructions from investment
trust companies[Trading commissions during the period](☆5) (c) Trading commissions =[Average number of units of beneficial interest during the period]
Trading commissions are fees to be paid to brokers for the purchase and sale of securities[Securities transaction tax during the period](☆6) (d) Securities transaction tax =[Average number of units of beneficial interest during the period]
The securities transaction tax is a tax on transactions arising from each transaction of securities.

(☆7) (e) Other expenses =[Other expenses during the period][Average number of units of beneficial interest during the period]

Other Expenses‐ Storage expenses are expenses required for the storage of securities, remittance of funds, and transfer
of assets that are paid to overseas storage banks, etc.
‐ Audit expenses are expenses related to audits of the fund to be paid to the auditing corporation orentity.
‐ For expenses incurred other than those described above, concrete items shall be listed and the nature ofservices shall be described.
(Open type investment trusts)(Marginal notes) Overview of items
Expenses during the period (including consumption tax for applicable items) are calculated using thesimplified method because the number of units of beneficial interest changes as a result of addition or
early cancellation.

–101–

(The method of calculation shall be described, but real numbers may be omitted.)(☆1) (a) Trust fee = [Average base value during the period] x Trust fee rate
The average base value for the period is 〇〇〇〇 yen.
The “Ratio” column indicates the ratio obtained by dividing the each amount of expenses per 10,000
units by the average base value during the period and multiplying 100.
The following job description of items for compensation are examples used for examples.
(☆2) Compensation for management of the entrusted funds(☆3) Compensation for sending various documents such as an Investment Reports (Delivery Version), etc., formanagement of funds in accounts, or for providing information after purchase, etc.
(☆4) Compensation for management of investment property and execution of instructions from investment
trust companies[Trading commissions during the period](☆5) (c) Trading commissions =[Average number of units of beneficial interest during the period]
Trading commissions are fees to be paid to brokers for the purchase and sale of securities[Securities transaction tax during the period](☆6) (d) Securities transaction tax =[Average number of units of beneficial interest during the period]
The securities transaction tax is a tax on transactions arising from each transaction of securities.

(☆7) (e) Other expenses =[Other expenses during the period][Average number of units of beneficial interest during the period]

Other Expenses‐ Storage expenses are expenses required for the storage of securities, remittance of funds, and transfer
of assets that are paid to overseas storage banks, etc.
‐ Audit expenses are expenses related to audits of the fund to be paid to the auditing corporation orentity.
‐ For expenses incurred other than those described above, concrete items shall be listed and the nature ofservices shall be described.
(Unit type and open type investment trusts)(Note 2) Figures less than 1 yen are rounded off for each item.
In the case of the family fund method, the following provisory clause shall be indicated after (Note 1):“Trading commissions, securities transaction taxes and other expenses include, of the amount paid by
the mother fund incorporated by this fund, the amount corresponds to the fund.”

B. Considerations in Labeling Details of Expenses per 10,000 Units
Points to consider when listing the calculation method of (Note 1) and real numbers(a) Trading commissions, securities transaction taxes and other expenses during the period shallbe in units of 1,000 yen. (Amounts less than one unit are round off)(b) The average number of units of beneficial interest during the period is the simple average of–102–

the number of units remaining as of the end of each month. The unit is 1,000 units. (For funds
whose principal is 1 yen per unit, the unit that indicates the base value)(c) Trading commissions, securities transaction taxes and other expenses per 10,000 units arerounded off to the nearest yen.
(d) The average base value during the period is a simple average as of the end of each month.
(e) Conversion of foreign currencies into Japanese yen shall be made in the following manner:
Trading commissions, securities transaction taxes and other expenses are the total amount ofJapanese currency converted at the medium price as of the end of each month (closing date
for the month to which the settlement date belongs).
(f) Trading commissions, securities transaction taxes and other expenses during the period shallbe calculated by adding the amount of each mother fund attributable to baby funds, whichshall be calculated in accordance with the statement of dividend income based on the amount
paid directly by baby funds.
(g) When such amount is negative (minus), put (-) in the table.
(h) For funds with an accounting period of less than 6 months, quantities (a) through (e) of eachaccounting period shall be calculated and the total amount for the past 6 months before theend of preparation shall be listed. However, it may also be indicated for each settlement ofaccounts.
(i)

For funds with an accounting period of 6 months or more, the preceding period may also be
indicated.

(j)

For direct sales-only funds, it is not necessary to show the item for sales company in the trustfees.

(k) For the (c) trading commissions and (d) securities transaction taxes of a fund of funds, theamount of commissions and transaction taxes related to the purchase and sale of investment
trust securities shall be indicated.
(l)With regard to investment target funds, a note to the effect that “expenses for each item do notinclude expenses paid by the investment trust securities (excluding the mother fund)incorporated in this fund” shall be made.
In addition, in accordance with the status of each fund, the note for stating “Those forwhich “Details of Expenses per 10,000 Units” as of the end of the most recent accounting
period of such investment trust certificates can be acquired shall be indicated in the“Summary of Top-Ranked Incorporated Funds,” shall be attached and the itemized expenses
shall be made available for reference.

(m) The “Ratio” column shall be accompanied by a note to the effect that “each amount ofexpenses per 10,000 units is divided by the average base value during the period andmultiplied by 100.”(n) In cases such as the amount of expenses other than storage expenses and audit expenses
incurred among other expenses is relatively large, notes on the contents of individual andspecific expenses shall be entered as necessary.

–103–

(iv) (Reference information) total expense rate
A. Indication Examples

Total Expense Rate ((i) + (ii) + (iii))

0.90%(i) Ratio of expenses of this fund

0.75%(ii) Ratio of investment management expenses of the investment target funds

0.10%(iii) Ratio of non-investment management expenses of the investment target funds

0.05%(Note 1) Expenses in (i) are calculated by the simplified method used in the details of expenses per 10,000
units.
(Note 2) Each expense, in principle, does not include subscription fees, trading commissions andsecurities transaction taxes.
(Note 3) Each percentage is calculated on an annual basis.
(Note 4) Investment target funds is the investment trust security (excluding the mother fund) that areincorporated by this fund.
(Note 5) Expenses in (i) include expenses paid by the mother fund and do not include expenses paid by theinvestment target funds.
(Note 6) The period for which expenses in (i) and expenses in (ii) and (iii) are included may differ.

–104–

(Note 7) Figure is calculated on the above premises. For this reason, these values are for information onlyand differ from the ratio of actual expenses incurred.

B. (Reference Information) Considerations in Labeling the Total Expense Rate(a) The ratio of investment management expenses and other expenses shall be the ratio (perannum) of each expense during the period used in the details of expenses per 10,000 Units.
(b) When there are investment target funds, notes shall be provided on the matters in (Note 4)
through (Note 6).
(c) For a fund of funds, the total sum of (i) Ratio of expenses of this fund (the value obtained, inprinciple, by subtracting the rate of subscription fees, trading commissions and securities
transaction taxes from the total listed in “Details of Expenses per 10,000 Units” andcalculating this rate on an annual basis), (ii) Ratio of investment management expenses of theinvestment target fund (the simplified method in which the value obtained by subtracting therate of “investment management expenses (trust fees) of this fund” from the rate of“substantial investment management expenses (trust fees)” listed in the prospectus(hereinafter referred to as the “investment management expenses rate (simplified)”) may be
used.) and (iii) Ratio of non-management and administrative expenses of the investment
target fund (excluding, in principle, subscription fees, trading commissions, and securities
transaction taxes) (the simplified method, in which the rate obtained by subtracting theinvestment management expenses rate (simplified) from the total expense rate of theinvestment target fund in question), may also be used.) shall be indicated in a pie graph as thetotal expenses ratio.
In making such entries, such information shall be disclosed in as much detail as possible, andsuch necessary notes as those in (Note 7) shall be made so as not to cause misunderstanding to
the beneficiary.
When (iii) Ratio of expenses other than management and administrative expenses of theinvestment target fund cannot be assessed, the name of the disclosure item shall be “expense
rate (excluding expenses other than management and administrative expenses of theinvestment target fund)” and it shall be noted to the effect that “in some cases, there may be
expenses other than the investment management expenses in the investment target fundwhich are not included in the above.”(d) For funds other than fund of funds, the above table shall be omitted.

–105–

(v) Changes in the base value, etc. over the last five years
A. Indication Examples

Beginning of theperiod:MM/DD/YYYY

Settlement date:
MM/DD/YYYY

Settlement date:
MM/DD/YYYY

Settlement date:
MM/DD/YYYY

Settlement date:
MM/DD/YYYY

Settlement date:
MM/DD/YYYY

Base value (Yen)
Total dividends per period (including tax) (Yen)The fluctuation rate in the base value after dividend
reinvestment (%)
The fluctuation rate of AAA Index (in yen) (%)
The fluctuation rate of BBB Index (in yen) (%)
The fluctuation rate of CCC Index (in yen) (%)
Total net assets (million yen)
(Note) AAA Index (in yen), BBB Index (in yen), CCC (in yen) are reference indices for this fund.
The reference index is listed as a representative index that explains the market trends of investment target assets.

● Reference Index- AAA Index is ‥‥‥‥‥‥- BBB Index is ‥‥‥‥‥‥- CCC Index is ‥‥‥‥‥‥- For overseas indices, the local closing price on the previous business day is adopted inconsideration of reflection in the base value.
B. Labeling Considerations(a) The changes in the base value, in the base value after dividend reinvestment, and in theamount of total net assets over the last five years shall be depicted in one chart.
(b) The changes in the base value and the changes in the base value after dividend reinvestment
shall be indicated on a line graph and it shall be stated that the left axis indicates the unit ofmeasurement.
(c) The line graph shall be accompanied by a bar graph or area graph of the change in total net
assets, and it shall be indicated that the unit is on the right axis.
(d) The fluctuation rate of base values, dividend per period (including tax), benchmark (if there is
no benchmark, reference index for stock indices, etc., shall be used.) and the total net assets
on the settlement dates for the past five years shall be depicted using charts. For funds whose
accounting period is six months or less than six months, each settlement date shall be deemed–106–to be a fixed settlement date for each fiscal year.
(e) In principle, benchmarks (or reference indices such as stock indices if no benchmarks areavailable) shall be depicted in such charts, and if it cannot be included, the specific reasons
shall be indicated.
(f) When presenting reference indices such as stock indices, etc., such indices shall be shown
below the chart with reference to the following notes:- (Example) The 〇〇〇 Index, △△△△ Index, and ×××× Index are reference indices forthis fund. Reference indices are listed as representative indices that explain the market pricesof the investment target asset.
(g) When reference indices such as stock price indices are included, “Reference Indices” and an
explanation of the relevant indices shall be indicated below the chart.
(h) Even if actual investment is less than five years, the horizontal axis of the graph shall be five
years.
(vi) Investment environment
When indicating, explanations shall be concise and easy to understand in writing for each asset
incorporated.

(vii) Portfolio of the investment trust
The display shall include a concise and easy-to-understand explanation in writing, of the progressand results of investment during the current period for each asset incorporated, based on theinvestment policy described in the “Purpose and Features of the Fund” section of the Delivery
Prospectus.

–107–

(viii) Differences from the benchmark of such investment trusts
A. Indication Examples

B. Labeling Considerations(a) The comparison of the fluctuation rates of the base value of the relevant investment trust andthe benchmark (if no benchmark exists, reference index such as stock indices, etc., shall be
used.) at the end of each accounting period during the period for preparation of theInvestment Reports (Delivery Version) shall be indicated using a bar graph.
(b) In principle, the comparison with the benchmark (if no benchmark exists, reference index
such as stock indices, etc., shall be used.) shall be shown, and if it cannot be shown, thespecific reason shall be shown.
(ix) Dividends
A. Indication Examples
Dividends per 10,000 units (including tax) for the _th period to _th period were set at ___ yeneach. Retained earnings shall be managed in accordance with the future investment policy.

–108–

Fund with an accounting period of less than six months (Example of monthly settlement)(Units: yen / %, per 10,000 shares before taxes)

Item

__th
PeriodMM/DD/YYYY MM/DD/
YYYY

__th
PeriodMM/DD/YYYY MM/DD/
YYYY

__th
PeriodMM/DD/YYYY MM/DD/
YYYY

__th
PeriodMM/DD/YYYY MM/DD/
YYYY

__th
PeriodMM/DD/YYYY MM/DD/
YYYY

__th
PeriodMM/DD/YYYY MM/DD/
YYYY

Dividends for the Period(Ratio to base value)
Revenue for the Period
Income Other Than
Revenue for the Period
Amount Subject toDistribution Carried
Forward to the Next Period

Fund with an accounting period of 6 months or more (Example of 1-year settlement)(Units: yen / %, per 10,000 shares before taxes)
Item__th Period
MM/DD/YYYY MM/DD/YYYY

Dividends for the Period(Ratio to base value)
Revenue for the Period
Income Other Than Revenue
for the Period
Amount Subject to Distribution
Carried Forward to the Next
PeriodB. Labeling Considerations(a) The status of each accounting period during the period for preparation of the Investment
Reports (Delivery Version) shall be stated separately.
(b) Units for display shall be about 10,000 units (meaning the unit that indicates the base value;
the same shall apply hereinafter.).
(c) “Dividends for the Period” indicates “(Ratio to base value),” in which case it shall be notedthat the ratio to base value is the ratio to the base value at the end of the period (including
dividends) to dividends for the period including tax, which is different from the rate of returnof the fund.
(d) “Revenue for the Period” shall indicate the sum of the amounts allocated for distribution forthe period from “Revenues from dividends, etc. after deduction of expenses” and “Gains onsale after deduction of expenses and compensation for loss carried forward (including
valuation gains).”(e) “Income Other Than Revenue for the Period” shall indicate the total amount allocated for
distribution for the period from the “reserve for dividends” and the “revenue adjustment.”–109–

(f) When calculating “Revenue for the Period” and “Income Other Than Revenue for the
Period,” if there is any amount less than the decimal point per 10,000 shares, such amountshall be added up including the amount less than the decimal point, and the amount added up
shall be rounded down to the decimal point.
If there is no numerical value in a corresponding column, “-” shall be indicated, and if
there is only a numerical value after the decimal point, “0” shall be indicated.
“Revenue for the Period” and “Income Other Than Revenue for the Period” are rounded
down to the nearest whole number. If the total amount of revenues for the period does notmatch the amount of “Dividends for the Period,” such fact shall be indicated in the notes.
Even if the numbers are matched, the fact of such also may be noted.
(g) “Amount Subject to Distribution Carried Forward to the Next Period” shall indicate theamount obtained by deducting “Dividends for the Period” from “Amount Available forDistribution of Revenues for the Period.”(2) Future Investment Policy
The future investment policy, based on the investment policy in the “Purpose and Features of theFund” section of the Delivery Prospectus, shall be indicated in a concise and easy to understand mannerin writing for each asset incorporated.

(3) Notice
A. Indication Examples○ Concerning Changes in Management System
During the preparation period, a credit research team was organized in the department involved indeciding on the investment policy. The team aims to strengthen the ability to analyze thecreditworthiness of companies targeted for investment by comprehensively organizing and utilizing
information from rating agencies.

B. Labeling Considerations(a) In the event that there is a change in the contracts of the investment trust during current periodthat is deemed important by the management company, or if there is a change in the
management system or some other change that is deemed important by the managementcompany, the details of such change shall be displayed.

–110–

(4) Overview of the Investment Trust
A. Form Examples
Instrument
Open Type / Overseas / Combined Assets
Classification
Trust Period

Indefinite
The Fund will invest in overseas public corporate bonds, real estate investment trust securities, andInvestment Policy

shares as its principal investment targets, aiming to achieve medium- to long-term growth of its
trust properties by securing stable dividend and acquiring gains on valuation.
(i) Beneficiary Certificates of Global Sovereign Mother Fund(ii) Beneficiary Certificates of Overseas REIT Mother FundThis Fund(iii) Beneficiary Certificates of Overseas High Dividend Stock Mother
Fund
Global Sovereign
Overseas Public and Corporate Bonds, etc.
Mother Fund

Major Investment
Overseas REIT

Beneficiary Certificates of a Real Estate Investment Trust or Investment

Mother Fund

Securities of a Real Estate Investment Corporation Listed on Overseas

TargetFinancial Instruments Exchanges or Registered Over-the-Counter(including scheduled listing and registration )Overseas High

Shares Listed on Overseas Financial Instruments Exchange and Those

Dividend Stock

Registered Over-the-Counter (including scheduled listing andMother Fundregistration )(i) The beneficiary certificates of each mother fund shall be incorporated by one-third of the total
Method of Managing

net assets of each trust property.

the Fund(ii) Currency hedging for avoiding the risk of fluctuations in exchange rates is not performed on
assets denominated in foreign currency.
The amount to be distributed includes profits such as dividends after deducting expenses and gains
on transactions (including appraisal profits), etc., and, in principle, is aimed to make stable
distributions on an ongoing basis. Depending on the level of base value, etc., distributions may beDistribution Policy
made mainly from gains on transactions, etc., (including valuation gains) in consideration of thelevel of distribution resources for continuing stable distribution in the future. However, if theamount to be distributed is small, distribution may not be made.

B. Labeling Considerations(a) When displaying the summary of such investment trusts, the instrument classification, trust
period, investment policy, principal investment targets, investment method and distribution
policy shall be indicated.

–111–

(5) Comparison of Fluctuation Rates with Typical Asset Classes
A. Indication Examples(Average fluctuation rate, annual maximum fluctuation rate and minimum fluctuation rate (%) of the fund andother typical asset classes)

Average
Value
Maximum
Value
Minimum
Value

This FundJapanese
SharesShares ofDeveloped
Countries

Shares ofEmerging
Countries

Japanese
Bonds

Bonds ofDeveloped
Countries

Bonds of
Emerging
Countries

+4.3

-13.6

+1.2

+4.9

+2.3

-8.8

+10.9

35.5

28.5

57.0

91.6

4.1

2.6

38.9

-23.9

-45.4

-47.9

-56.6

0

-18.9

-18.2

(Note) Not all asset classes are investment targets of the fund.

* The average, maximum, and minimum one-year fluctuation rates during the five-year period frommonth ____ of year ____ to month____ of year ____ are shown for this fund and other typicalasset classes.
* Index for each asset class
Japanese Shares ····························· ○○○○○
Shares of Developed Countries ··········· ○○○○○
Shares of Emerging Countries ············ ○○○○○
Japanese Bonds ······························ ○○○○○
Bonds of Developed Countries············ ○○○○○
Bonds of Emerging Countries ············· ○○○○○(Note) Overseas indices are converted into yen on the assumption that investments are made without exchange hedging.

B. Labeling Considerations(a) The image diagram is for illustrative purposes and shall be indicated in accordance with theinvestment trust instruments handled by each company. When the average, maximum, and–112–

minimum fluctuation rates are shown in the diagram, “(Average fluctuation rate, annual
maximum and minimum fluctuation rate (%) for this fund and other typical asset classes)”does not need to be shown.
(b) The fluctuation rate in the image chart is those as of the end of the most recent month and not
the data as of the settlement date. So for example, statements such as “The above fluctuation
rate is a result of calculation dating back 60 months from the end of the most recent monthand is different from the figure corresponding to the settlement date.” shall be made withoriginality and ingenuity.
(6) Data on the investment trust in question(i) Details of assets incorporated in the investment trust
A. Indication Examples〇 Incorporated (Top Ranking) Funds (Issues)

B. Labeling Considerations(a) The indication examples are for illustrative purposes and shall be described according to theinvestment trust instruments handled by each company.
(b) When presenting the contents of the incorporated assets as of the last day of the preparation
period, the top ranking issues on the last day of the preparation period shall be displayed, andthe ratio of incorporation thereof shall be indicated by using charts and diagrams, and sharesby assets, countries and currencies shall be presented by using pie charts.
(c) If the investment trust is a family fund method or a fund of funds, the top three funds or moreon the last day of the accounting period (the last day of the preparation period) shall be listed
and the ratio of incorporation for each shall be described.
(d) A note to the effect that “Detailed information, etc. regarding all issues are described in theInvestment Report (Full Version).” shall be indicated.

–113–

(2) Net Assets, etc.
A. Indication Examples

Item

End of __th
PeriodEnd of __th
PeriodEnd of __th
PeriodEnd of __th
PeriodEnd of __th
PeriodEnd of __th
PeriodMM/DD/YYYY

MM/DD/YYYY

MM/DD/YYYY

MM/DD/YYYY

MM/DD/YYYY

MM/DD/YYYY

Yen

Yen

Yen

Yen

Yen

Yen

units

units

units

units

units

units

Yen

Yen

Yen

Yen

Yen

Yen

Total Net Assets

Total Number ofUnits of Beneficial
Interest
Base Value per
10,000 Units* The additional principal amount for establishment during the preparation period (from the __th period to the __th period) is______ yen, and the cancellation principal amount is ______ yen.

B. Labeling Considerations(a) The image diagram is for illustrative purposes and shall be indicated in accordance with theinvestment trust instruments handled by each company.
(b) In presenting net assets, etc. during the preparation period, the total amount of net assets, thetotal number of units of beneficial interest and the base value per 10,000 units shall bepresented at the end of each period. At the same time, the additional principal amount forestablishment and the cancellation principal amount during the preparation period shall be
noted outside the table.
(iii) Overview of top-ranked incorporated funds
A. Indication Examples–114–

(Note 1) Data on changes in the base value, top incorporated issues, shares by asset, country, and currency are as of
MM/DD/YYYY.
(Note 2) The itemized expenses per 10,000 units is for the most recent fiscal year end of the incorporated fund. See notes on page
1 for expense items.
(Note 3) The ratio of shares by assets and currency is the ratio of the appraised value to the total amount of net assets, and the ratioof distribution by country is the ratio of the appraised value to the portfolio.

B. Labeling Considerations(a) The image diagram is for illustrative purposes and shall be indicated in accordance with theinvestment trust instruments handled by each company.
(b) When presenting the summary of the top-ranking incorporated funds on the last day of the–115–

preparation period, the change in the base value for each issue of funds incorporated as of thelast day of preparation period, the top 10 or more issues, the ratio of incorporation for eachissue and the total number of issues, details of expenses per 10,000 units, share by assets,share by countries and share by currencies as of the last day of the preparation period of theinvestment target funds shall be presented in accordance with the features of the funds in the
Delivery Prospectus.
The change in base value shall be presented by using a line graph, and the top 10 or moreissues, the ratio of incorporation for each issue and the number of all issues as well as thedetails of expenses per 10,000 units as of the last day of the preparation period of theinvestment target funds shall be presented by using a table. In addition, shares by assets,shares by country and shares by currency shall be presented by using a pie chart. Whenpresenting the top 10 or more issues, items such as currency, category, country of investment,
etc., deemed necessary may be combined for presentation.
(c) In the case of a fund of funds, etc., where it is not possible to obtain such information for the“Details of expenses per 10,000 units” in (b) above, a note to that effect shall be provided.
(d) In the case of a family fund method or a fund incorporated into a fund of funds, the top 10 ormore issues as of the last day of the most recent accounting period (the last day of the
preparation period) shall be described, and the ratio of incorporation for each issue and thenumber of all issues shall be described.
(e) In cases where there are two or more layers in the structure of investment target funds, a pie
chart shall be displayed according to the number of hierarchical structures, or for funds
beyond the funds invested in, a pie chart shall be displayed so that the actual asset
composition of funds invested in can be seen.
At that case, since the composition of assets that the funds invest in is shown clearly, it
should be noted that it is necessary to include a note such as “Although the fund (beneficial
interest) is directly invested, the investment assets beyond that are shown.”–116–

Attached Table 2

Presentation Details of a Fund That Is an Open Investment Trusts for Investment in
Public and Corporate Bonds and Settles its Accounts on a Day-to-Day Basis(Article 14 of the Rules)
1. Dividends per 10,000 Units
A. Form Examples
Notice of Dividends Per 10,000 Units (from MM/DD/YYYY to MM/DD/YYYY)
Dividends per 10,000 Units
Month
Total
Including Tax
Income Tax
Local Tax
Withholding Tax
MM
MM
MM
MM
MM
MM

Net Proceeds(Note) Dividends are the cumulative total of each month from the last business day in the previous monthto the day before the last business day in the current month.

B. Labeling Considerations
Dividends, etc. for each month during the preparation period shall be displayed.

2. Status of Assets, Liabilities, Principal and Base Value
Form Examples(End of preparation period: as of MM/DD/YYYY)
Status of Assets, Liabilities, Principal and Base Value
AssetsPublic and Corporate
Bonds

Other securities

Total Net Assets
Call Loans, etc.
Other Assets

AmountRatio

AmountRatio

AmountRatio

million yen____ %

million yen____ %

million yen____ %

Liabilities
Total

Foreign
Currency-Denominated Net
Asset Ratio__ million yen million yen _ million
yen____ %

Principal

million yen

Base
Value per10,000Unitsyen(Note 1) The average number of days remaining as of MM/DD is _____. (Only for funds for comprehensive
securities accounts)(Note 2) The amount carried forward for next period as of MM/DD is _____.
(Note 3) The ratio is to the total amount of investment trust property (____ million yen).

–117–

3. Status of Trading and Profit and Loss
A. Form Examples(Preparation period: from MM/DD/YYYY to MM/DD/YYYY)
Status of Trading for Incorporated Securities
Purchased

Status of Futures Transactions

Sold

Buy contracts

Public andPublic andCorporate Other Securities Corporate Other Securities
Bonds
Bonds
Millionsof yen[](Notes)Millions of yen[]

Millions of
yen

[

]

Millions of yen[]

Status of Profit and Loss

Sell contracts

Operating
IncomeProfit and Trust Fees
New
Distribution
Settlement New sell Settlement
Losspurchase
price
price
price
price
Millions of Millions ofyenyenMillions ofyenMillions of Millions of
yen
yen

[

[

[

]

[

]

]

Millions ofyenMillions ofyen]

1. Purchase and sale of public and corporate bonds shall be made in the amount of delivery (excluding
accrued interest).
The figures in parentheses ( ) represent the decrease due to redemption and are not included in the
figures in the upper rows.
2. The transaction balance (appraised value) of the futures transactions as of MM/DD is __ hundred
million yen for the amount of purchases and __ hundred million yen for the amount of sales. (Notes on
China F, MMF, Interest F, FFF.)
3. The total amount, in parentheses [ ], of the Status of Trading for Incorporated Securities during theperiod and of the Status of Futures Transactions is the amount of transactions by interested parties.
* “The interested party is an interested party as defined in Article 11, Paragraph 1 of the Act on
Investment Trusts and Investment Corporations, and an interested party of the fund for the current
period under review is ___. ”

B. Labeling Considerations(a) The status of trading and profit and loss during the preparation period shall be shown in total, but may
be shown on a monthly basis.
(b) Regarding the trading status of assets and incorporated securities, it is permissible to classify anddisplay foreign currencies.
(c) The amounts of assets, liabilities, principal, sales and purchases, and profits and losses may be
indicated in units of 1,000 yen.
(d) Any notes stipulated in the Ordinance on Accountings of Investment Trust Property shall be noted.
(e) When the price, etc. of specified assets has been investigated, a summary of the results and method of
the investigation shall be indicated.

–118–

4. Status of In-house Establishment and Cancellation of this Fund
A. Form Examples
Beginning balance Principal established(principal)
for the period
Millions of yen

Principal cancelled
early during theperiodBalance at end of
period (principal)

Millions of yen

Millions of yen

Millions of yen

Reason for transaction

B. Labeling Considerations
The reason for transaction shall be indicated separately in each of the items of Article 6-2, Paragraph 1 of
the Rules on Full Members’ Business Operations, Etc.

5. Disclosure of Incorporated Bonds(1) Disclosure by Bond Type
A. Form Examples
a. Domestic (Yen-Denominated) Public and Corporate Bonds〇

Statement of Incorporated Securities

Category

National Government
Bonds(End of preparation period: as of MM/DD/YYYY)
Of which, Ratio of incorporation by remaining
ratio ofperiodAppraised Ratio of incorporation
Face Value
Value incorporation of assets 5 years or 2 years or Less than 2
rated BB or
more
more
years
lower
Millions ofyenMillions of
yen

(

(

)

)

%

(

)

%

(

)

%

(

)

%

(

)

%

(

)

Municipal Bonds
Special Bonds(Excluding financial
bonds)
Financial Bonds
Corporate Bonds with
Stock Options(Convertible bonds)
Straight Bonds
Total(Note 1) Ratio of incorporation is the ratio of appraised value to the total amount of assets.
(Note 2) ( ) is an intermediate-term national government bonds and is written in parentheses. (Intermediate-term national
government bond funds only)–119–b. Foreign (Foreign Currency Denominated) Public and Corporate Bonds〇

Statement of Incorporated Securities(End of preparation period: as of MM/DD/YYYY)
Ratio of incorporation by
Of Which,
Appraised Valueremaining period
ratio ofRatio of incorporation
AmountAmount inincorporation of assets 5 years or 2 years or Less than 2denominatedJapanese
rated BB or
in foreign
more
more
years
yen
lower
currency

Category

Face
Value

U.S.A.

ThousandThousand USD
USD

U.K.

ThousandpoundsMillions of
yen

%

%

%

%

%

Thousandpounds

Total(Note 1) The amount converted into Japanese yen is converted into yen based on the current Telegraphic Transfer Middle
Rate (TTM) for customers.
The applicable exchange rate is ___.
(Note 2) Ratio of incorporation is the ratio of appraised value to the total amount of assets.

B. Labeling Considerations(Considerations in Labeling of Domestic (Yen-Denominated) Public and Corporate Bonds)(a) The rate of incorporation for MMFs by remaining period is presented separately for periods of
one year or more and for periods of less than one year.
(b) For funds for comprehensive securities accounts, it shall not be necessary to indicate the ratio ofincorporation of assets rated BB or lower and the ratio of incorporation by remaining period.
(c) The rate of incorporation shall be the ratio of appraised value to the total amount of assets,
unless such ratio is likely to make it impossible to accurately indicate the status of theinvestment trust property.

(Considerations in Labeling of Foreign Public and Corporate Bonds (Foreign Currency Denominated))(a) MMFs and free financial funds shall be shown.
(b) The rate of incorporation for MMFs by remaining period is presented separately for periods of
one year or more and for periods of less than one year.
(c) The rate of incorporation shall be the ratio of appraised value to the total amount of assets,
unless such ratio is likely to make it impossible to accurately indicate the status of theinvestment trust property.

–120–

(2) Disclosure of Individual Issues (Japanese Yen and Foreign Currency Denominated)
A. Form Examples
a. Domestic (Yen-Denominated) Public and Corporate Bonds〇

Statement of Incorporated Securities
As of MM/DD/YYYY

Issue

Rate

(National government
bonds)

Face Value

Appraised Value

Thousands of yen

Thousands of yen

Redemption
Date

Sub total

–

–

–

–

–

–

–
–

–
–

–
–

(Municipal bonds)

Sub total(・・・)

Sub total
Total

b. Foreign (Foreign Currency Denominated) Public and Corporate Bonds
Statement of Incorporated Securities
Preparation
As of MM/DD/YYYY
Period〇Appraised Value
Issue

Type

Rate

AmountFace
Redemption
Value denominated In JapaneseDate
in foreignyencurrency(U.S.A.)Issue
Sub total

Thousands of
USD

–

–

–

(U.K.)Issue
Sub total–
Thousandpounds––––Thousand ...

(・・)

Issue
Sub total
Total

–

–

–

–

–

–

–

–

Thousands ofyen
Thousands ofyen
Thousands ofyen–

Thousands ofyen
Thousand ...

–Thousands ofyen
Thousands of
yen

–
–

(Note) The amount converted into Japanese yen is calculated by converting the market value at the end of the period into
Japanese yen using the Telegraphic Transfer Middle Rate (TTM) for customers in Japan.

–121–

B. Labeling Considerations(a) The types of bonds in the Issue column in the table of A Domestic Public and Corporate Bonds
shall be classified into the following categories: national government bonds, municipal bonds,
special bonds (excluding financial bonds), financial bonds, corporate bonds with stock
options (convertible bonds), straight bonds and other bonds.

6. Additional Disclosures of MMF(1) Ratio of incorporated assets by rating to total net assets
A. Form Examples(as of MM/DD/YYYY)
Public and corporate bonds
RatingAAA

Ratio ofincorporation

Short-Term Financial Assets
Rating
A-1

AA

A-2

A

A-3

BBB

NR

BBB-

Other Assets

Ratio ofincorporation

Less than or equal to BB
A- equivalent or higher

A-2 equivalent or higher

BBB equivalent or higher
National government
bonds, government
guaranteed bonds,
municipal bonds
Total

Total

(Note 1) The ratio of incorporation is the ratio of appraised value to the total amount of net assets.
(Note 2) “A- equivalent or higher” and “BBB equivalent or higher” for public and corporate bonds and “A-2 equivalentor higher” for short-term financial assets are determined based on the guidelines prepared by the company inaccordance with the voluntary rules of the Investment Trust Association, Japan, “Rules for Operations of MMF,
etc.” The figures in the upper section of “BBB equivalent or higher” and “A-2 equivalent or higher” are thosewith credit ratings from one credit rating agency, etc., (meaning a credit rating agency as defined in Article 2,
Paragraph 36 of the Financial Instruments and Exchange Act, and a specified affiliated corporation as defined in
Article 116-3, Paragraph 2 of the Cabinet Office Ordinance on Financial Instruments Business, etc. (Cabinet
Office Ordinance No. 52 of 2007); the same shall apply hereinafter. ) The figures in the bottom section are those
without credit ratings from credit rating agencies, etc.
(Note 3) Other assets are designated money trusts, accounts receivable, accounts payable, etc.

B. Labeling Considerations(a) Information on MMF shall be shown.
(b) The credit ratings indicated may also be based on the credit ratings by credit rating agency, etc.,
adopted by each company.

–122–

(c) For “A- equivalent or higher,” “BBB equivalent or higher” and “A-2 equivalent or higher” thosedetermined by the guidelines prepared by each company shall be displayed.
(d) When any of the items in (c) above ceases to apply, the ratio of such assets shall be noted in themargin.

7. Details of Expenses per 10,000 Units
A. Form Examples

Item

Preparation Period(MM/DD/YYYY MM/DD/YYYY)
AmountRatio
Yen(a) Trust Fees

Summary of Items%

Where described in (Note 1): (☆1)

(Investment trust company)

Where described in (Note 1): (☆2)(Seller)

Where described in (Note 1): (☆3)(Trustee company)

Where described in (Note 1): (☆4)(b) Subscription Fees
Where described in (Note 1): (☆5)(c) Trading Commissions(Corporate bonds with stock options(convertible bonds))(Futures and options)(d) Securities Transaction Tax(Corporate bonds with stock options(convertible bonds))(Public and corporate bonds)(e) Other Expenses(Storage Costs, etc.)(Audit expenses)(Other Typical Expenses)

Where described in (Note 1): (☆6)

Where described in (Note 1): (☆7)

Total
(Note 1)In the following Notes, (☆) shall be inserted in the right column of the table, and each company shall insert
other items as it deems necessary.
(Marginal notes) Overview of items
Expenses during the preparation period (including consumption tax, if applicable) are calculated using
the simplified method because the number of units of beneficial interest fluctuates as a result of additionor early cancellation.
(The method of calculation shall be described, but real numbers may be omitted.)(☆ 1) (a) Trust fees= [Average base value during preparation period] x Trust fee rate
The average base value during the preparation period is 10,000 yen.
The “Ratio” column indicates the ratio obtained by dividing the each amount of expenses per 10,000
units by the average base value during the period and multiplying 100.
(☆2) Compensation for management of the entrusted funds–123–

The following job description of items for compensation are examples used for examples.
(☆2) Compensation for management of the entrusted funds(☆3) Compensation for sending various documents such as the Investment Report (Delivery Version),managing the fund in the account, and providing information after purchase(☆4) Compensation for management of investment property and execution of instructions from investment
trust companies
Trading commissions during preparation period](☆5) (c) Trading commissions =[Average number of units of beneficial interest during the preparation period]
Trading commissions are fees to be paid to brokers for the purchase and sale of securities[Securities transaction tax during preparation period](☆6) (d) Securities transaction tax =[Average number of units of beneficial interest during the preparation period]
The securities transaction tax is a tax on transactions arising from each transaction of securities.
[Other expenses during preparation period](☆7) (e) Other expenses =[Average number of units of beneficial interest during the preparation period]
Other Expenses‐
Storage expenses are expenses required for the storage of securities, remittance of funds, andtransfer of assets that are paid to overseas storage banks, etc.
‐

Audit expenses are expenses related to audits of the fund to be paid to the auditing corporation orentity.

‐For expenses incurred other than those described above, concrete items shall be listed and thenature of services shall be described.

B. Considerations in Labeling Details of Expenses per 10,000 Units
Points to consider when listing the calculation method of (Note 1) and real numbers(a) Trading commissions, securities transaction taxes and other expenses during the preparation period
shall be in units of 1,000 yen. (Amounts less than one unit are round off)(b) The average number of units of beneficial interest during the preparation period is the simple averageof the remaining units at the end of each month. The unit is 1,000 units. (For funds whose principal is 1
yen per unit, the unit that indicates the base value)(c) Trading commissions, securities transaction taxes and other expenses per 10,000 units are rounded off
to the nearest yen.
(d) Average base value during the preparation period is a simple average as of the end of each month.
(e) Conversion of foreign currencies into Japanese yen shall be made in the following manner:
Trading commissions, securities transaction taxes and other expenses are the total amount of Japanesecurrency converted at the medium price as of the end of each month (closing date for the month towhich the settlement date belongs).
(f) When such amount is negative (minus), put (-) in the table.

–124–

Attached Table 3

Forms and Indication Example for Monthly Disclosure of MMF and MRF(Article 16, Paragraph 3 and Article 16-2, Paragraph 3 of the Rules)○ Monthly Disclosure of MMF
1. Balance and Ratio of Incorporated Assets by Type
A. Form Examples
Created Monthly
Category

As of MM/DD/YYYY
Face Value
Millions of yen

National Government
Bond Certificates
Municipal bondSpecial Bonds(Excluding financial
bonds)
Financial bonds
Straight bonds
Corporate Bonds with
Stock Options(Convertible bonds)
CP
CD
Other Assets
Total

Appraised Value
Millions of yen

Ratio ofincorporation %–––(Note 1) Other assets include call loans, deposits, accounts receivable, accounts payable, etc.
(Note 2) The ratio of incorporation is the ratio of appraised value to the total amount of net assets.

B. Considerations in Preparation
The ratio of incorporation may also be a ratio to the total amount of assets.

2. Status of Incorporation Rate by Top Five Issuers of Public and Corporate Bonds (Excluding National
Government Bonds and Financial Bonds), Financial Bonds, CP, CD, etc.
A. Form Examples(as of MM/DD/YYYY)
Incorporation Ratio of Incorporated Assets by Issuer (Top 5 Companies)
Public and corporate
Financial Bonds
CPCD, etc.
bonds
Name of Ratio of Name of Ratio of Name of Ratio of Name of Ratio of
Ranking
Issuer incorporation Issuer incorporation Issuer incorporation Issuer incorporation
1
2
3
4
5
(Notes) 1. “National government bonds, etc.” means Japanese government bonds (including Financing Bills.),
government-guaranteed bonds.
2. For CD, etc., refers to CD, call loan, etc. (excluding calls secured by secured government bonds, etc.)–125–

B. Considerations in Preparation
The ratio of incorporation may also be a ratio to the total amount of assets.

3. Ratio of Incorporated Assets by Rating to Total Net Assets
A. Form Examples(as of MM/DD/YYYY)

AAA

Public and corporate bonds
Ratio ofRatingincorporation

A-1

Short-Term Financial Assets
Ratio ofRatingincorporation

AA

A-2

A

A-3

BBB

NR

BBB-

Other Assets

Less than or equal to BB
A- equivalent or higher

A-2 equivalent or higher

BBB equivalent or higher
National government
bonds, government
guaranteed bonds,
municipal bonds
Total

Total

(Note 1) The ratio of incorporation is the ratio of appraised value to the total amount of net assets.
(Note 2) “A- equivalent or higher” and “BBB equivalent or higher” for public and corporate bonds and “A-2 equivalentor higher” for short-term financial assets are determined based on the guidelines prepared by the company inaccordance with the voluntary rules of the Investment Trust Association, Japan, “Rules for Operations of MMF,
etc.” The figures in the upper sections of “BBB equivalent or higher” and “A-2 equivalent or higher” are thosewith credit ratings from one credit rating agency, etc., and the figures in the lower sections are those without
credit ratings from a credit rating agency, etc.
(Note 3) Other assets are designated money trusts, accounts receivable, accounts payable, etc.

B. Considerations in Preparation(a) The credit ratings indicated may also be based on the credit ratings by the credit rating agency, etc.,
adopted by each company.
(b) For “A- equivalent or higher,” “BBB equivalent or higher” and “A-2 equivalent or higher” thosedetermined by the guidelines prepared by each company shall be displayed.
(c) When any of the items in (b) above ceases to apply, the ratio of such assets shall be noted in themargin.

–126–

○ Monthly MRF Disclosures
1. Balance and Ratio of Incorporated Assets by Type
A. Form Examples
Created Monthly
Category

As of MM/DD/YYYY
Face Value
Millions of yen

Appraised Value
Millions of yen

Ratio ofincorporation %National Government
Bond Certificates
Municipal bondSpecial Bonds(Excluding financial
bonds)
Financial Bonds
Straight Bonds
CP
CD

–

Other Assets

–

Total

–

(Note 1) Other assets include call loans, deposits, accounts receivable, accounts payable, etc.
(Note 2) The ratio of incorporation is the ratio of appraised value to the total amount of net assets.

B. Considerations in Preparation(a) Face value and appraised value may be omitted.
(b) The ratio of incorporation may also be a ratio to the total amount of assets.

2. Status of Incorporation Ratio of Public and Corporate Bonds and Short-Term Financial Assets by Issuer
A. Form Examples(as of MM/DD/YYYY)
Incorporation Ratio of Incorporated Assets by Issuer (Top 10
Companies)
Public and Corporate Bonds
Short-Term Financial Assets
Ratio ofRatio of
Ranking Name of issuer
Name of issuer
incorporation
incorporation
1
2.
3
4
5
6
7
8
9
10
(Note 1) “Public and Corporate Bonds” is ○○○○○.
(Note 2) “Short-Term Financial Assets” shall mean CP, CD, call loans, etc. (excluding calls secured by government bonds, etc.).

–127–

B. Considerations in Preparation(a) The status of the ratio of incorporation of public and corporate bonds and short-term financial assets
by issuer shall be indicated in any of the following ways:
A) The method of indicating the name of the issuer and the ratio of incorporation for each of the
public and corporate bonds (meaning straight bonds and financial bonds, and excludes national
government bonds, municipal bonds and special bonds ) and short-term financial assets.
However, when national government bonds, municipal bonds, and special bonds are included,
the top 10 bonds by issuer for both straight bonds and financial bonds, excluding national
government bonds, municipal bonds, and special bonds, shall be shown.
B) The method of indicating the name of the issuer and the ratio of incorporation by adding
together the public and corporate bonds and short-term financial assets without classifying them.
However, when public and corporate bonds, municipal bonds and special bonds are included,
the top 20 bonds by issuer, excluding national government bonds, municipal bonds and special
bonds shall be indicated.
(b) The ratio of incorporation may also be a ratio to the total amount of assets.
(c) (Note) 1. Explanatory notes for “public and corporate bonds” shall be clearly indicated in addition
to the method described in Considerations in Preparation (a) above.

3. Ratio of Incorporated Assets by Rating to Total Net Assets
A. Form Examples(as of MM/DD/YYYY)
Public and corporate bonds
Ratio ofRatingincorporation

Short-Term Financial Assets
Ratio ofRatingincorporation

AAA
AA
A
BBB or lower

A-1
A-2
A-3
NR
Other Assets

A equivalent or higher

A-2 equivalent or higher

National government
bonds, municipal bonds,
special bonds
Total

Total

(Note 1) The ratio of incorporation is the ratio of appraised value to the total amount of net assets.
(Note 2) “A-equivalent or higher” for public and corporate bonds and “A-2 equivalent or higher” for short-term financial
assets are those determined by the guidelines prepared by the company in accordance with the voluntary rules of
the Investment Trusts Association, Japan, “Rules for Operations of MMF, etc.” The figures in the upper sections
are those with credit ratings from one credit rating agency, etc., and the figures in the lower sections are those
without credit ratings from a credit rating agency, etc.
(Note 3) Other assets are designated money trusts, accounts receivable, accounts payable, etc.

B. Considerations in Preparation(a) The credit ratings indicated may also be based on the credit ratings by the credit rating agency, etc.,–128–

adopted by each company.
(b) “A equivalent or higher” and “A-2 equivalent or higher” shall be determined and indicated inaccordance with the guidelines prepared by each company.
(c) When any of the items in (b) above ceases to apply, the ratio of such assets shall be noted in themargin.
(d) The item columns for “national government bonds, municipal bonds, special bonds” may besummed up in the appropriate rating columns without classification. In this case, however, it shallbe noted that “national government bonds, municipal bonds and special bonds” are included in theappropriate rating column.

–129–