Tokyo Stock Exchange To Expand "TSE Indicative NAV"(ETN) Lineup

Beginning Nov. 5, 2013, Tokyo Stock Exchange, Inc. (TSE) will begin calculating and publishing Indicative Net Asset Value (Indicative NAV) in real time for the ETNs below.

1. Additions

• (*1) The Indicative NAV for ETNs will be calculated using per security redemption value of the underlying securities, which are the trust assets of the ETNs, adjusted based on the intraday prices of the constituents of the assets that comprise the relevant indicator. This differs from the calculation method for ETFs, which uses market prices of the portfolio actually held by the fund.
• (*2) With regard to "NEXT NOTES DJIA PR JPY-Monthly Hedged Leveraged (x2) ETN (2040)" and "NEXT NOTES DJIA TR JPY-Monthly Hedged Inverse (x1) ETN (2041)," the Indicative NAV will be calculated using per security redemption value (in yen) of the underlying securities, which are the trust assets of the ETN, adjusted based on rates of changes between the closing price of the target indicator on the previous business day and that on the day before such day. As such, the value is calculated and published on a daily basis.

2. Indicative NAV Values and PCF Information

TSE Indicative NAV values and PCF Information can be found on the website below.

• ETF・ETN Square

3. ETF・ETN list