Nomura AM Lists New ETF: NEXT FUNDS Japan Equity Policy Focus ETF

Nomura Asset Management Co., Ltd. (CEO and President: Shuichi Ono, hereinafter "the Company") has listed the "NEXT FUNDS Japan Equity Policy Focus ETF" (hereinafter "the ETF") on the Tokyo Stock Exchange※1. The ETF is now available for trading through securities firms nationwide as of today.

Securities Code

Product Name

Management Fee

605A

NEXT FUNDS Japan Equity Policy Focus ETF

(Nickname) NF・Policy Focus ETF

0.5225% per year

(0.475% excluding tax)※2

The ETF is an actively managed fund that invests in stocks related to key growth sectors based on government policies, aiming to capture benefits from policy-driven themes. The fund selects investment targets by identifying policy-aligned themes and analyzing detailed segment data from individual companies to measure their revenue exposure to these themes.

For more information about the ETF, please visit the Company's official website.

NEXT FUNDS Japan Equity Policy Focus ETF

※1 For detailed information about the ETF, please refer to the securities registration statement or the prospectus.

※2 As of July 13, 2026

End

About "NEXT FUNDS"

"NEXT FUNDS" is the unified brand for the ETF series managed by the Company. The name derives from "Nomura Exchange Traded FUNDS," reflecting Nomura's ETF offerings, and also signifies the Company's intent to launch next-generation fund products. The Company listed Japan's first ETF in May 1995. With the establishment and listing of this ETF, the total number of ETFs under the "NEXT FUNDS" brand reaches 76.

NEXT FUNDS Dedicated Website

Notice from Nomura Asset Management

Investment Risks of ETFs

ETFs primarily invest in securities with price volatility. Therefore, the market price or net asset value (NAV) may decline due to fluctuations in the underlying index, declines in the prices of constituent securities, issuer bankruptcy or deterioration in financial conditions, foreign exchange movements affecting securities denominated in foreign currencies, or other market factors, potentially resulting in investment losses. Additionally, investment trusts are not equivalent to bank deposits.

※ Risks associated with ETFs are not limited to the above.

When applying for trust establishment, please carefully review the investment trust statement (offering memorandum) provided by the sales company and make your investment decision accordingly.

Fees Related to ETFs (as of July 2026)

Investors investing in ETFs through the market will incur the following fees:

＜Brokerage Commission＞

When investing through the market, brokerage commissions set independently by Type I Financial Instruments Business Operators (securities companies) will apply, payable separately from the transaction amount. (Commission rates vary by firm; therefore, a maximum rate cannot be disclosed.)

＜Management Fee＞

The total management fee is the sum of the amounts calculated under (1) and (2) below. The fee is paid from the trust assets and thus indirectly borne by investors over the holding period.

(1) An amount calculated by multiplying the net asset value of the trust property by a rate set by the trustor, up to 1.045% per year (0.95% excluding tax)※.

※ The highest management fee rate among multiple ETFs is shown. Some ETFs calculate fees based on principal.

(2) Up to 55% of securities lending fees (50% excluding tax)※, if securities belonging to the trust property are lent out.

※ The highest securities lending fee among multiple ETFs is shown.

＜Other Fees＞

Other fees incurred during the holding period include taxes related to the ETF, various expenses for trust administration (including costs for asset custody overseas), interest on advances made by the custodian, brokerage commissions on buying and selling constituent securities, audit fees, other miscellaneous expenses (including listing fees for beneficiary interests and trademark usage fees for benchmark indices), and consumption tax on these expenses. These are paid from the trust assets and indirectly borne by investors. As these fees vary depending on investment performance and other factors, specific rates or upper limits cannot be disclosed in advance.

The total amount of the above fees varies depending on the investor's holding period and cannot be disclosed.

※ For details, please refer to the "Fund Fees and Taxes" section in the investment trust statement (offering memorandum).

The above is for informational purposes only and does not constitute an investment solicitation. While prepared based on information believed to be reliable, the Company does not guarantee the accuracy or completeness of the information. The content is as of the date of preparation and is subject to change without prior notice. No part of this document implies or guarantees future investment performance.

Nomura Asset Management Co., Ltd. does not directly accept investor applications for ETFs. To invest in ETFs, please open an account with a Type I Financial Instruments Business Operator (securities company) and submit your application through them.

About the Company

Corporate Name: Nomura Asset Management Co., Ltd.

Financial Instruments Business Operator: Kanto Local Finance Bureau (Financial Instruments) No. 373

Member Associations: General Incorporated Association Investment Trust Association / General Incorporated Association Association of Second Financial Instruments Firms

Website: https://www.nomura-am.co.jp/

X (formerly Twitter): https://x.com/nomura_am_jp