DAIWA ETF MSCI JAPAN EMPOWERING WOMEN INDEX - JPY

The Fund will invest in stocks that are included and scheduled to be included in MSCI JAPAN EMPOWERING WOMEN INDEX to match the rate of change of NAV per unit of the Fund to that of MSCI JAPAN EMPOWERING WOMEN INDEX.The MSCI Japan Empowering Women Index (the 'Index') aims to represent the performance of those Japanese companies selected by MSCI Inc. that exhibits a commitment towards promoting and maintaining a high level of gender diversity among their workforce. Based on data on gender diversity disclosed by the Act on Promotion of Female Activities and disclosure information of companies from each industry excluding J-REITs, MSCI Inc. selects top 50% companies with high gender diversity scores. In addition, companies that are experiencing very severe controversies in general and severe controversies related to human rights and labor rights are excluded. Constituent weights are determined by market cap, Gender Diversity Score and Quality score which is calculated from 3 metrics ROE, Debt/Equity ratio and earnings variability. The Index is rebalanced on semi-annual basis, usually as of the close of the last business day of May and November.