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2 L %'40% - 00000 6M340% - 00000 6  Lմ %#(40% - 00000 6 2Q40% - 00000 6 2  Lմ %)60% - 00000 1M 60% - 00000 1 23 %#*60% - 00000 1 2Q60% - 00000 1 2 23 %+60% - 00000 2M$60% - 00000 2 23ږ %#,60% - 00000 2 2Q60% - 00000 2 2 23ږ %-60% - 00000 3M(60% - 00000 3 23כ %#.60% - 00000 3 2Q60% - 00000 3 2 23כ %/60% - 00000 4M,60% - 00000 4 23 %#060% - 00000 4 2Q60% - 00000 4 2 23 %160% - 00000 5M060% - 00000 5 23 %#260% - 00000 5 2Q60% - 00000 5 2 23 %360% - 00000 6M460% - 00000 6  23 %#460% - 00000 6 2Q60% - 00000 6 2  23 %500000 1A00000 1 O %6 00000 1 2E 00000 1 2 O %700000 2A!00000 2 PM %8 00000 2 2E 00000 2 2 PM %900000 3A%00000 3 Y %: 00000 3 2E 00000 3 2 Y %;00000 4A)00000 4 d %< 00000 4 2E 00000 4 2 d %=00000 5A-00000 5 K %> 00000 5 2E 00000 5 2 K %?00000 6A100000 6  F %@ 00000 6 2E 00000 6 2  F %A0000/0000 I}%B0000 230000 2 I}%C0000 00y0000 00  %????????? ???D 0000 00 2} 0000 00 2  %????????? ???Ei0a00g00j0D0Ai0a00g00j0D0  e%F i0a00g00j0D0 2E i0a00g00j0D0 2  e%G 00000H00000000   I00^ 00  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N4XETFn0s^b24 t^7g+gs(Wn0}nj#u}MSo0BfOM0N N TX0 k00`$g0{QW0_0XSMOpe000g0n0 0@b gks0WNX00S0h0g00 P%RETFk0K0K00s^b24 t^7g+gs(Wn0bnj萀T0h0n0O g}nj#uM0{QY000  HKQTUV 5Fb$ a$g0{QW0_0TETFn0bnj萀T0h0n0< O g}nj#uMk0d0D0f00g[ahQETFn0T{0LD00hQETFn0bnj萀%RO 0 g}nj#uM0{QY000  $'/2 5Ac$ b$g0{QW0_0hQETFn0bnj萀%RO g}nj#uM00hQETFn0}nj#u}Mg0dY00S0h0g0^4XhQSOn0bnj萀%RO gk 0s0{QY000   50j0J00 Na$k0 n0h0J000 P%RETFn0bnj萀%RO g}nj#uMn0{k0J0D0f0O(uW0f0D00}nj#u}Mo00s^b24 t^7 g+gs(Wn00n0g0B00L00@b gkso0T%4&n0zl{eBfpn0000W0K0S_g0M0j0D0_000zl{eL0s^b24t^7g+gNYn0%4&k0d0D0f0o00s^b24t^7g+gk0J0D0f00@b gksk0 YSL0j0D00n0h00j0W0f0{0Lc0f0D00069:<lnop 5N N(Outline of Survey)Scope of Survey  5:Domestic ETFs/ETNs listed on Japanese stock exchanges (Tokyo, Osaka, Nagoya, Fukuoka, Sapporo) as of the end of July 2012. However, these exclude issues for which beneficiary conditions cannot be grasped following listing due to the accounting period not arriving by July 31, 2012 following listing on an exchange.Method of Data Collection  5Data is gathered from the trustee company (trust bank) of each ETF contained in this survey which gathers the data for each day of the ETF's accounting period according to the beneficiary registry and that data are submitted directly via digital media, etc.Outline of Survey Contents  50(1) Survey Data Contents  5 This survey was conducted regarding beneficiaries of the relevant ETFs on the basis of the number of beneficiaries and number of beneficiary rights held, using the following beneficiary classifications based on the description in the beneficiary registry. Additionally, based on such data, holding net asset values/holding ratio by beneficiary type, etc. is calculated with total net asset value conversion applied to the overall number of beneficiaries and the number of beneficiary right units by beneficiary type. (Note)OThe definition of each investor category presented in the survey is as follows: 5W`$ Government and local government: National, prefectural, and municipal governments  5a$ Financial institutions 5w> City, regional banks, etc.: Regular Japanese banks licensed under the Banking Act and the Long-Term Credit Bank Act. W> Trust banks: Trust banks that are members of the Trust Companies Association of Japan> Investment trusts: Trust assets of thrustors that are stipulated in the Investment Trust Act (Act on Investment Trusts and Investment Corporations), and whose nominees (trustees) are banks that conduct trust business 5M> Annuity trusts: Employees pension funds that are stipulated in the Employees Pension Insurance Act, and corporate pensions stipulated in the Defined-Benefit Corporate Pension Act or the Defined Contribution Pension Act, whose nominees (trustees) are banks that conduct trust business. (excluding public pensions under management) 5g> Life insurance companies: Life insurance companies that are stipulated in the Insurance Business Act n> Non-life insurance companies: Non-life insurance companies that are stipulated in the Insurance Business Act 5> Other financial institutions: Financial institutions other than those stipulated above, including credit unions (shinkin banks), credit associations, agriculture-related financial institutions, mutual aid associations, and government-related financial institutions, etc. b$ Securities companies: Securities companies that are financial instruments business operators as stipulated in the Financial Instruments and Exchange Act.0i c$Business corporations: All companies incorporated in Japan other than those described in a$ and b$ above.0Z[`ahd$ Foreign corporations: Corporations that were established based on foreign laws; foreign and municipal governments, and entities that are not incorporated; and individuals whose nationalities are other than Japanese, regardless of their place of residence. 5 e$ Individuals and others: Individuals and non-incorporated groups with Japanese nationality, regardless of their place of residence.o0(2) Time of Collection of Number of Beneficiaries and Units, and Method of Calculating Number of Beneficiaries  5The number of beneficiaries and units used in this survey were calculated based on the beneficiary registry as of the last day of the accounting period which arrived before July 31, 2012 for the relevant ETFs. Additionally, because names of beneficiaries cannot be aggregated between ETFs, the number of beneficiaries is a simple total of each ETF's beneficiaries. As such, an investor who is a beneficiary for 10 ETF issues would be counted 10 times.J0(3) Calculation Method for Amount Held and Holding Ratio by Investor Type  58Calculations are performed as follows in 1. to 4. below.`$ Unit-based holding ratios are calculated for the accounting period of each ETF based on data acquired from trustee companies.  5a$ Net assets held by investor type for each ETF as of the end of July 2012 are calculated by multiplying the unit-based holding ratio calculated in 1. by the net asset amount as of the end of July 2012 calculated for each relevant ETF.  5b$ The net assets held by investor type for all ETFs will be calculated by totaling the net assets held by investor type of each ETF calculated in 2.  5c$ The holding ratio by investor type for the overall market is calculated by dividing the net assets held by investor type for all ETFs calculated in 3. by the net asset amount of all ETFs.  5As written in the above 2., the amount of net assets used in totals of net assets held by investor type for individual <ETFs is current as of the end of July 2012. However, because only data at the end of the accounting period of each ETF can be acquired regarding holding ratios, ETFs whose accounting periods end after July 2012 are deemed to have no change in holding ratio at the end of July 2012.s^b24t^7g (Jul, 2012)u0000t^^ Survey Year uh-Nn0Sn0(ulo00!kn0h0J00g0Y00 u&c pe$Pn0zpeQto00[pe$Pk0d0D0f0o0Rhcf00ibko0VhcNeQh0W0f0D0~0Y00 u "0We%RO g}nj#u}Mu0000  bnj萀%RO g}nj#u}Mu00 #R[an000000%Rk00_0bnj萀%RO g}nj#u}Mu00 0We%RO g}nj#u}Mu0000000 category ub OL Trust Banks 5q Rsfvpx0zn{4 } `>|HֆQ7܎ו 7Q Zt ʣt ccB g2ɀ .H dMbP?_*+%&RQ?'(\?(Q?)Q?M W 4dXA4" dXX333333?333333?&<3U} `}  C}  } ` }  }  }  }  . @                                 ~ ? > ~ @   ? ~ @   @  ~ @   ~ @   ~ @   ~ @   ~ @   ~ @   ~ @ A  ~ @ B  ~ @ D&l$("""4>>>>>>>>>>>H @!@"w #w $w %w & (@)@*@+@,@-@   ! " "  " " # #   ##$ $  $$% %  %%& &&()*+, -z8400" >@-*uggD g2ɀ -R dMbP?_*+%&C1&jZ?'jZ?( BP(?) BP(?M W 4dXA4" KXX BP(? BP(?&\(U} n} !n} n} n} n}  n-@,@,@ppppp p p p ppppppppp@@,,@ppppp  p = p p , -   Cp &~ [@~ ī@ sPAqY@Y@ x wv@u x v@u^@@j@ x wv@uD@4@ ~ { v@t@u$@ | { vR@u$@ | }  v@u | }  v@u| { v:@u| { v8@uz sv @u>@ x wv@u>@4@ x yv@uN@@e@ x wv@@u?N@n t srAq3@@n  oo   p >p p , -   Cp &~ [@~ ī@ s^aNqY@ Y@ x wvY@u$@ x vTV>uS@G@ x w~ v5u9Q@~ @D l62*H>4888444444488BB4,*H>488 p!p"p#p$p%p&p'p(p)p*p+Jp,J ~ { vd u(@p@!| !{!vҢu@@"| "} "v>@u@u@#| #} #vAu$@@p@$| ${ $vy u@@%| %{ %vuV@^@&z &s&vbPuX@Q@ 'x 'w'vӿuІ@@j@ (x (y(vhut@6@ )x )w~ )v)u#@~ )С@)n *t *s*r]dq@=@*n++,,444444488TB>@duggD g2ɀ #p dMbP?_*+%&C2&jZ?'jZ?( BP(?) BP(?M W 4dXA4" UX BP(? BP(?&\(U} } !} } } }  #n,,nnnnnnn n n n nnnnn@@n,,nnnnnnnnnnn   ? " , .   C &~ [@~ ī@ s$PAY@Y@ t wA@@ @|@P@ {~  l@ffffff"@~ X@  9Ap@ 1@ x s @ @@ x# w W@@ ffffff@ | { @@f@| {~ b@ffffff@~ 4@| {@d@4@ s@N@$@n    @  , .   C &~ [@~ ī@ s$^aNY@Y@ t wrGAV@"@ `A@j@ {H A$@@`@ T@p@ x sRT@@ x# wL.@:@| {0v@`@Dl, >>48@F@8D4F44 * >>4D44488 n!n"n | { .1M@e@q@!| !{!j{t@p@" "s"\F@"fffffQ@ (44>@fbuggD g2ɀ !D   dMbP?_*+%&C3&jZ?'jZ?(Q?) BP(?M W 4dXA4" UX BP(? BP(?&\(U} } } } }  !n,n,nnnnnnn n n n nnnn@@n,n,nnnnnnnnnnnn     !   C ~ [@~ ī@  PAqY@Y@ @uf@? j@u r@q@  AuJ@@  @u@2@  ~ @g@ u1@~ 4@   @uv@~@   ͺ@ug@p@  ~ @@u@ffffff@ @q?N@n     !   C ~ [@~ !ī@  ^aNqY@Y@ @d "uggD g2ɀ .B!.) dMbP?_*+%&C4&jZ?'jZ?( BP(?) BP(?M W 4dXA4" BX BP(? BP(?&\(U} n}  n}  n} n}  n} n}  n} n}  n} n} n} n} n} n}  n.@,@,@upppppp p p p pppppppp@@@@,@,@upppppp      ,- ) ( ' &  %  D &~ [@~ P@~ @~ 3@ ~  &@ ~  $@ sENPAY@p AY@+@Y@`@Y@@Y@p@Y@ xF wG@@           xH I$@^@^@a@@c@?*@@V@H@@`@@@t@ xJ wKN@D@ԓ@N@9@4@I@$@:@$@ @T@ ~ {6 @t@$@ps@$@"@$@@    | {LB R@L@@@@   | }M* @@@      | }N @@       | {O:@:@      | {P8@7@  ?     z sQN @>@@D@,@$@C@4@ @T@ xR wSH@>@@>@D@>@ k@>@ c@D@6@ @ xT yUN@N@@N@V@N@{@?`u@T@@>@ xV wN@@?@N@N@D@ f@4@Y@4@*@@`@ tW sXNA3@h9 AX@@X@з@Q@@X@@@ oo oo oo       ,- ) ( ' &  %  Y &~ [@~ P@~ @~ 3@ ~  &@ ~  $@ sZN^aNY@DjJY@v3ZY@ZLCY@/Y@(2AY@ x[ w\Y@Y@           x] I0TV>S@<@#A&@>A fffff&C@~  V C@~  q@? x^ w_~ 59Q@0j5 @A@*A~@d  3@ @?D(l,2"txtxxx,2"t p!p"p#p$p%p&p'p(p)p*p+@,h@- ~ {6 d (@U )@ Aؘ@@4@   !| !{`<!Ң@,@l@T@P@@`@j\ ! 1@ ! !!"| "}a*">@ @l@T@ " "  " "  " ""#| #}b#A$@A$@ # # # #  # #  # ##$| ${c$y @y @@ $ $ $ $  $ $  $ $$%| %{d%V@J? % %%@@ % %  % %%&z &seN&bPX@ @, A,@<At@tAd@@?& 'xf 'wSN'ӿІ@)@@ @9Aب@'@*@N@' (xT (yUN(ht@bA`s@P@@@@e@b.A'@5@( )xV )w~ ))#@$)N*@@t@A) ffffff @) A@F@) *tW *sXN*]d@ރV!@/@EAJ@-b@@z@* +oo, -oo txxx>@ uggD g2ɀ &+;@> dMbP?_*+%&C5&jZ?'jZ?((\?) 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" # $ & *>@<d5ggD Oh+'0@HT` xMicrosoft Excel@0Bd@lBd՜.+,D՜.+,t X`l|  0ŏI  index1,23,45,67,89,1011,1213vjOutlineOutline!Print_Areavj!Print_Area [NV[g OtꗗL 9A_MarkAsFinal   !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~Root Entry FWorkbookoSummaryInformation(DocumentSummaryInformation8