Other Fees (other fees may be imposed when applicable during the trust period)ĮTF-related taxes, expenses necessary for trust administrative procedures (including various expenses necessary for safekeeping of overseas assets), interest on advances provided by the trustee, sales consignment fees incurred when securities included in the fund are traded, audit fees, other expenses (including expenses relating to listing of Beneficiary Interests and fees for the use of trademarks to subject indexes), and consumption taxes on these fees are incurred, when applicable, during the trust period. *The highest loan fee of the ETFs is indicated. (2) If the securities belonging to the trust assets have been loaned, an amount no more than 55%* (50% exclusive of taxes) of the loan fees.* For some ETFs, the management fees are calculated based on the Fund’s principal. *The maximum management fee of each ETF is indicated above. (1) The amount obtained by multiplying the total net assets by a rate determined by the Management Company not to exceed 1.045% annually* (0.95% exclusive of taxes). Management fees are paid from the trust assets, and therefore are charged indirectly according to the period that the ETF is held. The total management fee is obtained by adding the amount determined in (2) below to the amount determined in (1) below. Management Fees (fees are charged during the trust period according to the length of the trust period) (Because the commissions charged by each securities firm differ, it is not possible to specify a maximum amount.) These commissions are separate from the actual transaction value. Trading of the Fund incurs brokerage commission fees set by a Type-1 financial instruments business provider (securities firm) that handles the transaction. Trading Fee (fees are charged at the time of application) “FTSE®” is a trade mark of LSEG and is used by FTSE under license.Īn investor shall bear the following costs when investing in the Fund. None of the Licensor Parties shall be (a) liable (whether in negligence or otherwise) to any person for any error in the Indices or (b) under any obligation to advise any person of any error therein.Īll rights in the Indices vest in FTSE. The Index is calculated by FTSE or its agent. None of the Licensor Parties have provided or will provide any financial or investment advice or recommendation in relation to the Index to Nomura Asset Management Co., Ltd. The NEXT FUNDS International Bond FTSE World Government Bond Index (ex Japan Unhedged) Exchange Traded Fund (the “Fund”) is not in any way sponsored, endorsed, sold or promoted by FTSE Fixed Income LLC (“FTSE”) or the London Stock Exchange Group companies (“LSEG”) (together the “Licensor Parties”) and none of the Licensor Parties make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the FTSE World Government Bond Index (ex Japan, based on Japanese Yen) (the “Index”) (upon which the Fund is based), (ii) the figure at which the Index is said to stand at any particular time on any particular day or otherwise, or (iii) the suitability of the Index for the purpose to which it is being put in connection with the Fund. About the copyright of the FTSE World Government Bond Index (ex Japan, based on Japanese Yen)
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |