Asset Management

Disclaimer

Disclaimer

Terms of Use

This web site is solely intended for use by institutional investors and institutional investment industry consultants.
The Sumitomo Mitsui Trust Bank, Limited is licensed and registered in Japan. Outside of Japan. The Sumitomo Mitsui Trust Bank, Limited is registered as an Investment Manager in the Republic of Ireland only.
This web site is not for soliciting any action, but for providing reference information that might help your investment strategies or investment decisions, etc. with regard to a discretionary investment or investment advisory agreement with us. You may neither be forced to adopt the investment stance based on this web site nor suffer any business disadvantage by rejecting it.
This web site contains our subjective judgment as well as objective information, and we shall advise you to make your final investment decision at your own risk, referring to detailed information relating to the products. Any contents of this web site including performances, investment objective, and distribution charts showing risk/return of the products does not guarantee that the performance will go up. Furthermore, please be fully aware of all preconditions as data showing simulation and back test is created under certain conditions.
It is necessary for you to make the final investment decision on your own after careful examination of the product details. The information provided on this web site, including the data from simulation and back-test, past performances, product maps, etc., does not guarantee future performances.
Part of the data is based upon information from sources that we believe to be reliable. However we do not represent as to its accuracy or completeness. This web site is based upon the information available at creation date and the information on this web site may be changed reflecting the changes in the financial situation and/or social conditions.
All copyrights on this web site belong to The Sumitomo Mitsui Trust Bank, Limited excluding the parts quoted from the web sites of other companies. We do not allow the use or copying of any part or all of this web site without our permission.
Should you have any questions as to this web site, please address them to our marketing department.

Following is the representation based on Article 37 of the Financial Instruments and Exchange Law in Japan

Company Name:

The Sumitomo Mitsui Trust Bank, Limited

Financial Institution Registration Number:

No.649 Kanto Finance Bureau of the Ministry of Finance

Membership:

Japan Securities Dealers Association, Japan Investment Advisers Association, and The Financial Futures Association of Japan

Fees and Costs

Basically, the management fee is calculated on the basis of the operating amount. However, the individual calculation is determined depending on each client's needs for investment guidelines (policy of asset mix, managed account, commingled account, etc.), and varies from case to case. When entering into the discretionary investment and/or investment advisory agreement, the client is required to check the calculation method of the management fee with us.
The commission incurred in line with the trades of securities, etc. will be deducted from the assets under management. When investing in investment trust products organized and operated by other institutions, fees for the institutions concerned may be charged. In this case, please refer to the content of this web site for information.

Following are matters of importance for your investment decision based on Article 37 of the Financial Instruments and Exchange Law in Japan

The entrusted asset value may fluctuate due to changes in interest rates, foreign exchange rates, securities, and the credit status of the underlying assets (e.g. changes in the issuer's business conditions and financial status, and in the external evaluation of the issuer).

Japanese Equity

1. Risk of loss in principal as a result of price fluctuations

The investment of Sumitomo Mitsui Trust's equity investment management covers all listed issues, including over-the-counter issues. A loss in principal may occur, if the price of the acquired issues (including OTC trades) falls below the original purchase price.

2. Risk of loss in principal as a result of the financial conditions of the stock issuing company

A loss in principal may occur, if the price of the acquired issues falls below the original purchase price due to the deterioration of the financial conditions of the stock issuing companies.

Japanese Fixed Income

1. Risk of loss in principal as a result of interest rate fluctuations

A loss in principal may occur, if the price of the acquired bond issues falls below the original purchase price due to interest rate fluctuations.

2. Risk of loss in principal as a result of the financial conditions of the bond issuing company

A loss in principal may occur, if the price of the acquired issues falls below the original purchase price due to the deterioration of the financial conditions of the bond issuing companies.

3. Risk of loss in principal as a result of the liquidity risk

A loss in principal may occur, if the liquidity of the securities diminishes significantly due to changes in market environment, and such securities cannot be sold.

4. Risk of loss in principal of convertible bonds issues

The price of convertible bonds may fall below the original investment amount due to the price decline of such convertible bonds (the main reasons for a price decline being a drop in value of the underlying stocks and/or increase in interest rates) or deterioration of the credit rating of the convertible bond issuers.

Foreign currency denominated securities

1. Risk of loss in principal as a result of the price of securities, and/or currency rate fluctuations

A loss in principal may occur, if the price of the acquired foreign currency-denominated equities and/or fixed income issues fall below the original purchase price due to fluctuations in the price of the securities, and/or currency rates.

2. Risk of loss in principal as a result of the financial conditions of the stock or bond issuing company

A loss of principal may occur, if the price of the acquired issues falls below the original purchase price due to the deterioration of the financial conditions of the stock or bond-issuing companies.

3. Risk of loss in principal as a result of the liquidity risk

A loss in principal may occur, if the liquidity of the securities diminishes significantly due to changes in market environment, and such securities cannot be sold.

Securities investment trusts

1. Risk of loss in principal as a result of price and currency rate fluctuations

The price of the securities investment trusts may fall below the original investment amount if the price of the stocks or bonds incorporated in the securities investment trusts falls below the original purchase prices due to fluctuations in price, interest rates, and currency rates.

2. Risk of loss in principal as a result of the financial conditions of the stock or bond-issuing company

A loss in principal may occur if the price of the acquired issues falls below the original purchase price due to the deterioration of the financial condition of the stock or bond-issuing companies.

3. Risk of loss in principal as a result of the liquidity risk

A loss in principal may occur if the liquidity of the securities diminishes significantly due to the change in market environment, and such securities cannot be sold.

Futures, options trades

1. Risk of loss as a result of price, interest rate and currency rate fluctuations

A loss may occur if the price or index of securities, currency rates and interest rates as underlying in the futures, index futures, option trades, currency / interest rate swaps, and equity margin trades, fluctuate unfavorably.

2. Risk of loss as a result of the financial conditions of the counter-party

A loss may occur if the financial conditions of the issuer / the counter-party of futures and option trades deteriorate.

Short-term financial assets

A loss in principal may occur if the value of short-term financial assets, such as cash deposits, call loans, commercial papers, certificates of deposits falls below the original purchase price due to the deterioration of the financial conditions of the counter-party of trades.

Trades with our proprietary banking account

The Investment Manager may choose the proprietary banking account as a counter-party in domestic currency, foreign currency trade, foreign currency forwards, currency / interest rate futures, index futures, option trades, and swap trades on currencies and interest rates if such trades were judged to be beneficial for the fiduciary assets in terms of investment management.

Change of financial conditions of the Investment Manager

The fiduciary assets are held in escrow by the custody bank by a contract with the custody bank. Therefore, there is no risk of loss in principal due to changes, such as the financial conditions of the Investment Manager.
This concludes the Matters of Representation based on Article 37 of the Financial Instruments and Exchange Law in Japan.

Contacts

Sumitomo Mitsui Trust Bank, Limited
1-4-1 Marunouchi, Chiyoda-ku, Tokyo 100-8233 Japan
Phone: +81 3 6256 3449
E-mail: fundservices@smtb.jp

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