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The Fund seeks the net asset value per unit to track the performance of the FTSE Nonyen World Government Bond Index (ex-Japan, no hedge, yen based) by mainly investing in the separately stipulated investment trust securities.

Key information
Name: Listed Index Fund International Bond (FTSE WGBI)
Monthly Dividend Payment Type

Overview of the Delivery ProspectusOverview of the Delivery Prospectus

Earnings ReportEarnings Report
Code: 1677

Net Asset Value and Performance

NAV (per 1 share): ¥{{numberFormat net_per_unit}}   (As of: {{dateFormat distribution_date 'Y-m-d'}}) Net Assets: ¥{{numberFormat (M:floor total_net_assets)}} million
Day change: ¥{{numberFormat change_from_previous}} Issued: {{numberFormat unit_of_beneficial_interest}} shares

Performance Chart - Since Listing on 30 September 2009

— Net Asset Value (per Shares) (including dividend payment) (¥)
— FTSE World Government Bond ex Japan Index

  • NAV value is listed after deducting trust fees.
  • The benchmark in the graph is set in accordance with the NAV as of the graph’s starting point.
  • Details of copyright are disclosed at the copyright section.
  • The performance, data, etc., noted above are based on past information and neither guarantee nor promise future performance.

Fund of funds structure

This Fund is a fund of funds investing in investment trust securities.

  • International Bond Index Fund (for qualified institutional investors)
    The fund seeks to achieve investment results that correlate to the movement of FTSE Nonyen World Government Bond Index (ex-Japan, no hedge, yen based) by investing mainly in global government bonds.
  • Money Open Mother Fund
    This fund seeks to achieve stable returns through stable management by investing in public and corporate bonds.

Listed Index Fund International Bond (Citi WGBI) Monthly Dividend Payment Type

Fund Name Listed Index Fund International Bond (FTSE WGBI) Monthly Dividend Payment Type
Open-end/Overseas/Bonds/ETF/Index type
Listed Exchange Tokyo Stock Exchange
Issue Code 1677
Targeted Investments Investment trust securities that aims for investment results that track the movements of FTSE Nonyen World Government Bond Index (ex-Japan, no hedge, yen based)
Date Listed 30 September 2009 (launched on 25 September 2009)
Exchange Trading Unit 10 units
Trust period Unlimited
Computation Period 11th day of each month to the 10th day of the following month
Closing Date 10th day of each month
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.

Fund Expenses

■Expenses to be borne directly by investors


Subscription Fee Independently set by Distributors
*Please contact your Distributor for further information.
*Subscription Fee is compensation for explanation and information providing about the Fund or investment environment, and is also including expense of clerical processing of the subscription.
Exchange Fee Independently set by Distributors
*Please contact your Distributor for further information.
*Exchange Fee is compensation for clerical processing of the exchange.
Amount to be Retained in Trust Assets An amount calculated by multiplying NAV at the time of a redemption by 0.1% (per unit)

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


TER
(Total Expense Ratio)

0.4133% (TER includes Trust Fee, management fee and other costs below)
※ This represents the actual TER for the period of January 11, 2023 - January 10, 2024.

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

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.

Major Investment Restrictions

  • This fund will not invest in in any portfolio, stocks and bonds other than securities held for investment trust, short-term corporate bonds, commercial paper and designated money in trust.
  • There is no restriction on the investment ratio for assets denominated in foreign currencies.

Trustee Companies

  • Nomura Trust and Banking Corporation

The FTSE WGBI is a bond index (ex-Japan) operated by FTSE Fixed Income LLC and calculated to be an index of the total return of government bonds of major countries excluding Japan weighted by the market capitalization of each respective market.

What is the Citi Nonyen World Government Bond Index

Further Information

Japan Exchange Group (JPX)

Japan Exchange Group publishes summaries and lists of the ETFs, as well as other valuable information on their website.

S&P Global

FTSE

*Link to external sites.

Copyrights to the "FTSE Nonyen World Government Bond Index"

The Listed Index Fund International Bond (FTSE WGBI) Monthly Dividend Payment Type (collectively, the "Fund")　has been developed solely by Nikko Asset Management Co., Ltd. The “Fund” is/are not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies.

All rights in the FTSE Nonyen World Government Bond Index (the “Index”) vest in the relevant LSE Group company which owns the Index. “FTSE®”, “FTSE Russell®”, is/are a trade mark(s) of the relevant LSE Group company and is/are used by any other LSE Group company under license.

The Index is calculated by or on behalf of FTSE Fixed Income LLC or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the “Fund”. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the “Fund” or the suitability of the Index for the purpose to which it is being put by Nikko Asset Management Co., Ltd.

Daily Fund Data (CSV)

Portfolio data (XLS)

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This Fund can be applied for as a cash creation and a cash redemption at Authorised Participants in addition to the Tokyo Stock Exchange. When applying as a direct addition and exchange, please keep in mind that we cannot accept your application on the following dates:

Authorized Participants

  • SMBC Nikko Securities Inc.
  • Citigroup Global Markets Japan Inc.
  • ABN AMRO Clearing Tokyo Co., Ltd.
  • Barclays Securities Japan Limited
  • BNP Paribas Securities (Japan) Limited
  • BofA Securities Japan Co., Ltd.
  • Goldman Sachs Japan Co.,Ltd.
  • Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
  • Mizuho Securities Co., Ltd.
  • Nomura Securities Co., Ltd.

Daily Creation and redemption are based on ETF's NAV calculated in early evening. Confirm non-tradable days by referring to trading calendar on our official homepage. Basket for creation is continually-updated on our official homepage.

Basically sell/buy at last price of T day's market while FX rate is TTM of one business day after the application (10am on T+1)

The flow chart below is showing the creation/redemption process for Nikko AM ETFs. Please note that transactions cannot be processed for days on which applications are not accepted.

Creation Flow for Cash Creation/Redemption Type ETFs

Cash Creation/Redemption Type ETFs

Redemption Flow for Cash Creation/Redemption Type ETFs

Redemption flow for cash Creation/Redemption Type ETFs

Investors are not guaranteed the investment principal that they commit. Investors may incur a loss and the value of their investment principal may fall below par as the result of a decline in market price or NAV. All profits and losses arising from investments in the Fund belong to the investors (beneficiaries). This fund is different from saving deposit.

The Fund invests primarily in bonds. The NAV of the Fund may fall and you may suffer a loss for reasons such as a drop in the price of bonds or deterioration in the financial conditions and business performance of an issuer of stocks.

Major risks are as follows:

1. Price Fluctuation Risk
Corporate and government bonds generally have a price fluctuation risk arising from changes in interest rates. Generally, their prices go down when interest rates rise, causing the NAV of the funds to fall. The degree of price fluctuation varies depending on the remaining time to maturity and the terms of issue in question.

2. Liquidity Risk
Where the market size or trading volume is small, buying and selling prices for securities may be largely affected. This results in the risk that securities cannot be traded at the expected prices, sold at the appraised prices, or that trading volume is limited regardless of prices. This creates the risk of unexpected losses.

3. Credit Risk
If a default has occurred or is expected to occur, for issuers of public and corporate bonds or short-term financial assets, the prices of such public and corporate bonds or short-term financial assets decline (the value could even fall to zero). This results in a decline of the Fund's NAV. In addition, if default in fact occurs, there is a high possibility of being unable to collect investment funds.

4. Currency Fluctuation Risk
For foreign-currency-denominated assets, in general, if the yen is stronger than the currencies of such assets, the Fund's NAV will decline.

5. Security-lending Risk
Lending of securities is accompanied by counterparty risks, which are the risks of default or cancellation of lending agreements as result of bankruptcy, etc., by the counterparties. As a result, there is a risk that the Fund will suffer unanticipated unexpected losses. Following the default or cancellation of a lending agreement, when liquidation procedures are implemented by using the collateral that is set aside in the lending agreement, the procurement cost of buying back the securities can surpass the collateral value, due to price fluctuations in the market.

Risk of Discrepancies in FTSE Nonyen World Government Bond Index (ex-Japan, no hedge, yen based) and NAV

This Fund seeks to ensure that its NAV has the same volatility as FTSE Nonyen World Government Bond Index (ex-Japan, no hedge, yen based); however, we cannot always guarantee that the Fund will have the same volatility as the Index due to the following factors attributable to this Fund and to the investment trust securities invested in by this Fund:

  • Lag in the timing of fund inflows and to the purchase of investment trust securities;
  • Where the portfolio is adjusted through investment in issues other than the constituent issues of FTSE Nonyen World Government Bond Index (ex-Japan, no hedge, yen based) or through changes in the constituent issues or weighting of FTSE Nonyen World Government Bond Index (ex-Japan, no hedge, yen based), the trading of individual issues may be affected by market impact or the Fund may bear costs such as management fees, brokerage fees and auditing fees.
  • Securities lending fees from lending securities; and
  • When derivative transactions such as futures are conducted, discrepancies in price movements between such transactions and part or all of the constituent issues of FTSE Nonyen World Government Bond Index (ex-Japan, no hedge, yen based).

Discrepancies between the market prices at which bonds are traded on the exchange and the NAV
This Fund is listed on and will be publicly traded on the Tokyo Stock Exchange; however, the market price of the units will depend mainly on the demand for the Fund, its investment performance, and how attractive it is to investors in comparison to alternative investments, etc. We cannot predict whether this fund will be traded at a market value below or above its NAV.
*The prices of securities targeted for investment of this Fund will fluctuate due to the effects of the aforementioned risks. Therefore, please note that this Fund itself has these risks as well.
*The factors that contribute to fluctuations in the NAV are not limited to those listed above.

Additional Considerations

  • These distribution materials were prepared for the purpose of providing information on the Listed Index Fund International Bond (FTSE WGBI) (Monthly Dividend Payment Type) offered by Nikko Asset Management and increasing investors' understanding of this Fund.
  • The provisions stipulated in Article 37-6 of the Financial Instruments and Exchange Act ("cooling-off period") are not applicable to Fund transactions.
  • This Fund differs from deposits or insurance policies in that it is not protected by the Deposit Insurance Corporation of Japan or the Policyholders Protection Corporation of Japan. Furthermore, units purchased from registered financial institutions, such as banks, are exempted from compensation by the Japan Investor Protection Fund.
  • When the Fund faces big redemption causing short term cash requirement or sudden change in the main trading market condition, there can be temporal decline in the liquidity of holding assets, resulting in the risks that Fund unable to trade securities at the expected market prices or appraised prices, or encounters limitation in trading volume. This may result in the negative influence on NAV, suspension of redemption applications, or delay in making payment of redemption.
  • When applying for the purchase of this fund, please read carefully the documents that are provided to you before concluding the contract.