Mutual funds are a type of pooled investment vehicle.  Shareholders of a mutual fund invest their money by purchasing shares of the fund.  The money that they pay for the shares is pooled together and invested in a portfolio of securities, such as stocks, bonds, or money market instruments. Mutual funds are professionally managed and operated by money managers, who maintain the portfolio in accordance with the fund's investments objectives as stated in the prospectus.

Mutual funds, money market funds, and Exchange Traded Funds are sold by prospectus. Please consider the investment objectives, risks, charges and expenses carefully before investing. The prospectus, which contains this and other information, can be obtained by calling your Japan Trustee Services Securities (Japan) Inc. Read it carefully before you invest.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although a money market fund seeks to preserve the value of your investment at YEN1.00 per share, it is possible to lose money by investing in a money market fund.

Please consider this information for educational purposes only. Please schedule a review with a financial professional to receive recommendations on strategies that may be suitable for you or in your best interest based on various personalized factors. Popular investment disciplines which can involve mutual funds include:

• Asset allocation^{11 view footnote 1}: a disciplined approach to long-term investing, designed to seek consistent exposure to markets. This approach does not guarantee a profit or protect against a loss. It also cannot eliminate the risk of fluctuating prices and uncertain returns. However, it may be used in an effort to manage risk and enhance returns.
• Dollar cost averaging^{22 view footnote 2}: a strategy in which securities, typically mutual funds, are purchased in fixed dollar amounts at regular intervals, regardless of what direction the market is moving. While this method doesn't guarantee against losses, over time, this can help to reduce the average cost of acquired shares.
• Target date ("life cycle") investing^{33 view footnote 3}: investors choose a fund with a specified target date near a personal need or goal (such as retirement) for which they will need to access their invested funds. Though target date investing does not protect against loss of principal, the fund's risk exposure is gradually reduced as a target date draws nearer to prepare for the approaching liquidity needs.