ETFs

Listed Index Fund US Equity (NASDAQ100) No Currency Hedge

2568 Code
NAV (per 100 shares)
¥663,696
as of 14 Nov 2025
Net Assets
¥14,217 million
as of 14 Nov 2025
Issued
2,142,120 shares
as of 14 Nov 2025
Daily Fund Data (Excel)
ETF News

Documents

Overview of the Delivery Prospectus (PDF)

Blackout Calendar (XLS)

Earnings Report (PDF)

Latest Portfolio (XLS)

Important Information

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 stocks. The NAV of the Fund may fall and investors may suffer a loss due to a decline in stock prices or deterioration in the financial conditions and business performance of an equity issuer. Losses may also be incurred due to exchange rate fluctuation when investing in assets denominated in foreign currencies.

Major risks are as follows:

Price Fluctuation Risk Stock prices fluctuate due to the changes in the information of the company's growth and profitability, and any changes in such information. They also fluctuate as they are affected by economic and political conditions in Japan and abroad. There is a risk that the Fund may incur material losses if unexpected changes occur in stock price movements or liquidity.

Liquidity Risk There is a risk that the Fund will incur unexpected losses when the market size or trading volumes is small. The purchase and sale prices of securities are influenced by the trading volume, resulting in the inability of the Fund to sell certain stocks in its portfolio at prices that are expected to be realized in light of the prevailing market trend, that a security can sold as appraised, or that the transaction volume is limited regardless of the price levels.

Credit Risk There is a risk that the Fund will incur material losses in the event of a serious crisis that directly or indirectly affects the business of a corporation in which the Fund invests. The prices of stocks of issuers may substantially decline (possibly to zero) due to fears of default or corporate bankruptcy, which can contribute to decline in the Fund's NAV.

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.

Major discrepancy factors for the NASDAQ100 JPY-converted Index and NAV

Whereas the Fund seeks to match the NAV volatility with that of the NASDAQ100 JPY-converted Index, it does not guarantee movements that are identical to those of the Index for the following reasons:

  • The potential investment in selected issues other than the NASDAQ100 JPY-converted Index, potential market impact from the trading, etc., of individual issues when portfolio adjustments are made due to changes in selected issues on the NASDAQ100 JPY-converted Index or capital transfers, or costs borne by the Fund such as trust fees, brokerage commission, and audit costs, etc.
  • The timing and amount of payment for the distribution of the Fund will not be completely the same as the distribution from the underlying stocks.
  • When derivative transactions such as futures are made, there may be disparity between the price movements of all or some of such transactions and that of the NASDAQ100 JPY-converted Index.

Discrepancy between the market prices at which stocks are traded on financial instruments exchanges and the NAV The Fund is listed on the Tokyo Stock Exchange and the units are traded on that exchange. The market price of the units is affected primarily by the demand for the Fund, its performance, and how attractive it is to investors in comparison with their other investments. It is not possible to predict whether the units will sell in the market above or below the NAV.
*The factors that contribute to fluctuations in the NAV are not limited to those listed above.

Additional Considerations

  • This document is meant as promotional material whose purpose is for Amova Asset Management to provide information about its ''Listed Index Fund US Equity (NASDAQ100) No Currency Hedge'' and for investors to gain further understanding about the fund.
  • The provisions stipulated in Article 37-6 of the Financial Instruments and Exchange Act (the “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. Nor are investment trusts protected by investor protection funds when purchased at banks or other registered financial institutions.
  • 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 to invest in the Fund, please make the decision to invest carefully after taking the time to read the delivered pre-agreement document and other relevant materials in detail.