The following information is for customers who will make transactions through the Tokyo Stock Exchange.
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Fund Name |
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Listed Index Fund US Equity (S&P500)
Open-ended type/Foreign／Stocks／ETF／Index fund |
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Tokyo Stock Exchange Issue Code |
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1547 |
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Targeted Investments |
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This fund invests in investment trust securities that aim to match fluctuation in the JPY-converted S&P500 Index |
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Listed Exchange |
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Tokyo Stock Exchange |
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Date Listed |
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29 October 2010 （launched on 22 October 2010） |
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Exchange Trading Unit |
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10 units |
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Trust period |
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Unlimited |
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Computation Period |
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From 21 January of each year to 20 January of the next year |
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Closing Date |
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20 January of each year (fixed date for dividend payment) |
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Dividends |
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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. |
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Overview of Fees & Expenses |
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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 |
Approximately 0.168% (0.16% excluding taxes) per annum of the total NAV
The breakdown of the trust fee rate is as follows: the fund’s trust fee rate is no higher than 0.063% per annum (0.06% 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 actual annual rate of trust fees paid by beneficiaries varies depending on the percentage of target investment trust securities, changes to such investment trust securities and other factors. |
| Other Fees and Costs |
No more than 0.1% per annum of the daily total NAV of the Fund
Expenses for preparation and distribution of prospectuses, audit costs, expenses for listing of the Fund, as well as royalties for the S&P 500 are paid out of the trust assets at the times specified by the Management Company.
Brokerage commissions on securities in the portfolio, interest on advances, lending fee (in case security lending is conducted, the amount obtained by multiplying a lending fee on securities lent by a figure which is a profit for Trust Assets, not exceeding 0.525 (0.5 excluding taxes) (0.525 (0.5 excluding taxes) as of the date of the filling of the securities registration statement), and other fees are paid out of the trust assets each time they are incurred.
* The figures for items such as the rate and maximum amount cannot be provided in advance as they fluctuate in line with investment performance and other factors. |
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* The total amount of expenses of the Fund to be borne by investors varies according to holding length and investment status, and thus cannot be shown. |
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Trustee Companies |
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The Sumitomo Mitsui Trust Bank, Limited
(Trustee company of re-entrustment: Japan Trustee Services Bank, Ltd.) |
