NEXT FUNDS Ibovespa Linked Exchange Trade Fund (ETF) is an index-based exchange-traded fund (ETF) in Japan. The Fund is an open-end stock investment fund. The investment objective of the Fund is to provide investment results that generally correspond to the price and yield performance of the Ibovespa index. The Fund invests in the component stocks of Ibovespa index and stocks which are scheduled to become such component stocks, and intends to construct and maintain the portfolio, which is similar in composition to the Ibovespa index. The asset manager of the Fund is NOMURA ASSET MANAGEMENT CO., LTD.