The Fund of the Year award is run by Morningstar, a research company that rates mutual funds. Morningstar assessed over 5,500 publicly offered mutual funds and selected funds that performed well overall based on its own quantitative and qualitative analyses. In 2020, 6 funds from 7 categories were recognized for outstanding performance and 31 received the Fund of the Year award, for a total of 37 awards. The Morningstar Award "Fund of the Year 2020" is based on historical information and does not guarantee future performance. Although Morningstar has evaluated data that it believes to be reliable, there is no guarantee of their accuracy or completeness. All intellectual property rights, including copyrights, belong to Morningstar Japan K.K. and Morningstar, Inc., and may not be reproduced, reprinted, or quoted without permission.

For more than 30 years and in over 20 countries worldwide, the highly respected Refinitiv Lipper Fund Awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers and focuses the investment world on top-funds. The merit of the winners is based on entirely quantitative criteria. This coupled with the unmatched depth of fund data, results in a unique level of prestige and ensures the award has lasting value. Renowned fund data and proprietary methodology is the foundation of this prestigious award qualification, recognizing excellence in fund management. Find out more at: lipperfundawards.com
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.

The R&I Fund Award is presented to provide reference information based on the past data R&I believes to be reliable (however, its accuracy and completeness are not guaranteed by R&I) and is not intended to recommend the purchase, sale or holding of particular products or guarantee their future performance. The Award is not the Credit Rating Business, but one of the Other Lines of Business (business excluding Credit Rating Business and also excluding the Ancillary Businesses) as set forth in Article 299, paragraph (1),item(xxviii)of the Cabinet Office Ordinance on Financial Instruments Business, etc. With respect to such business, relevant laws and regulations require measures to be implemented so that activities pertaining to such business would not unreasonably affect the Credit Rating Activities. Intellectual property rights including copyright and all other rights in this Award are the sole property of R&I, and any unauthorized copying, reproduction and so forth are prohibited. The Award for "Investment Trusts/Aggregate Category" is based on the average performance of the relevant funds of a fund manager, and does not indicate the excellent performance of all individual funds of the manager.

Nomura's CSR initiatives and information disclosure regarding the environment, society and governance have been highly evaluated by ratings agencies throughout the world. We have been included in ESG indices inside and outside of Japan.