TOPIX Banks Exchange Traded Fund is an index-based fund exchange-traded fund (ETF) in Japan. The Fund is open-type stock investment fund with an indefinite term of the project. The investment objective of the Fund is to provide investment results that generally correspond to the price and yield performance of the Tokyo Stock Exchange stock price index (TOPIX) Banks, a weighted index calculated by the Tokyo Stock Exchange. The Fund invests in the component stocks of the TOPIX Banks 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 TOPIX Banks. The asset manager of TOPIX Banks ETF is Nomura Asset Management Co., Ltd.