Fund Outline - Listed Index Fund Emerging Bond (Barclays Local EM)

The following information is for customers who will make transactions through the Tokyo Stock Exchange.

Fund Name

Listed Index Fund Emerging Bond (Barclays Local EM)
Open-ended type/Foreign／Bonds／ETF／Index fund

Tokyo Stock Exchange Issue Code

1566

Targeted Investments

Investment trust securities that seek to closely match the movement of the yen-converted Barclays Capital EM Local Currency Government - 10% Country Capped Index.

Listed Exchange

Tokyo Stock Exchange

Date Listed

30 March 2012 （launched on 30 January 2012）

Exchange Trading Unit

1 units

Taxation when selling out the fund

Conforms to taxation related to the sale of stocks.

Trust period

Unlimited

Computation Period

Every year, 11 Jan–10 Mar, 11 Mar–10 May, 11 May–10 Jul, 11 Jull– 10 Sep, 11 Sep–10 Nov, and 11 Nov–11 Jan of following year.
*First computation period is from 30 January until 10 July 2012

Closing Date

Every year, the 10th day of odd-numbered month (however, the first closing date is 10 July 2012)

Dividends

All revenue from dividends arising from the trust assets will be, in principle, paid as dividends on the last day of the fiscal year after deducting expenses.
*There is no guarantee on the payment or the amount of dividend

Overview of Fees & Expenses

The following fees and expenses are charged to investors:

Fees collected at the time of trading
Trading Fee	Stipulated by the broker. Please contact the broker for details.
Costs paid indirectly by the customer for the trust assets (paid from the fund)
Trust Fee	The real trust fee is calculated by multiplying the total net asset value by approximately 0.4725% per annum (0.45% before tax). The breakdown of the trust fee rate is as follows: the fund’s trust fee rate is no higher than 0.3675% per annum (0.35% before tax) and the trust fee rate for incorporating investment trust securities targeted for investment is approximately 0.105% per annum (0.1% before tax). * The real trust fee rate (the annual rate) payable by the beneficiaries will change depending on factors including the fund’s weighting in investment trusts securities targeted for investment or changes in the portfolio.
Other Fees and Costs	Brokerage fees for trading in incorporated securities, expenses for the preparation and distribution of prospectuses, accounting and other administrative costs, preparation for the financial summary (includes outsourcing costs), audit costs, interest due on debts payable, interests on advances, lending fee (in case security lending is conducted, amount obtained by multiplying a lending fee on securities lent by a figure not exceeding 0.525 (0.5 excluding taxes) are paid out of the trust assets each time they are incurred, costs of listing beneficiary rights, trademark fees.

* We cannot provide prior information on rates and maximum amounts for other costs because they will vary depending on investment performance and other factors.
* We cannot provide prior information on total fees and costs charged by the Fund because the holding period and others will vary depending on the investor.

Trustee Companies

The Sumitomo Trust & Banking Co., Ltd.
*On condition of approval from the supervising authorities, The Sumitomo Trust & Banking Co., Ltd. is scheduled to conduct a merger and be renamed the Sumitomo Mitsui Trust Bank, Limited, as of 1 April 2012.
(Japan Trustee Services Bank, Ltd.)