2018年3月 日興レジェンド・イーグル・ファンド

1 2018 9 / / / / Morningstar Award Fund of the Year 2016 Morningstar Inc 2016 2016 12 1,123 350 1.

2 123 2016 2251 12 1979 GDP GPIF 2003 6 2018 6 S&P500 MSCI TOPIX S&P 18 2 GPIF( 2014 10 31 71% 5% 24% 50% 50% GPIF)

3 2013 6 7 2014 10 30 GPIF 1980 2022 2017 IMF 2018 4 MSCI 18 12,00010,0008,0006,0004,0002,00001980 1985 1990 1995 2010 2000 2005 2020 2015 GDP 120100806040200 IMF 20 15 10 5 0 0 5 10 15 20 1979 GDP GPIF 2003 6 2018 6 S&P500 MSCI

4 TOPIX S&P 18 2 GPIF( 2014 10 31 71% 5% 24% 50% 50% GPIF 2013 6 7 2014 10 30 GPIF 1980 2022 2017 IMF 2018 4 MSCI 18 12,00010,0008,0006,0004,0002.)

5 00001980 1985 1990 1995 2010 2000 2005 2020 2015 GDP 120100806040200 IMF 20 15 10 5 0 0 5 10 15 20 39 1979 1 1 2018 6 1 1979 1 1 100 2 2018 6 1979 1 1 100 MSCI 18 100 10 20 30 410 1,010 2,510 7,280 VS 551 2 1 1979 1 1 1988 12 1998 12 2008 12 2018 6 100 1 1 5 2018 2 1 2 2018 6 1 1979 1983 1987 1991 1995 1999 2003 2007 2011 2015 700600500400300200100014,00012,00010,000 8,0006,0004,0002.

6 0000 1979 2 1 3 2 1 3 3 4 4 5 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 19971998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2008 2011 1997 2000 IT 1989 3439 39 1979 1 1 2018 6 1 1979 1 1 100 2 2018 6 1979 1 1 100 MSCI 18 100 10

7 20 30 410 1,010 2,510 7,280 VS 551 2 1 1979 1 1 1988 12 1998 12 2008 12 2018 6 100 1 1 5 2018 2 1 2 2018 6 1 1979 1983 1987 1991 1995 1999 2003 2007 2011 2015 700600500400300200100014,00012,00010,000 8,0006,0004,0002,0000 1979 2 1 3 2 1 3 3 4 4 5 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 19971998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2008 2011 1997 2000 IT

8 1989 56 1 1 5 25 5 20 ETF 1992 1 2018 6 1992 1 100 MSCI 18 2009 9 2018 6 2009 9 100 MSCI 18 30% 50 M

9 70060050040030020010001992 1995 1998 2 0 0 2004 2007 2 0 0 2 0 3 2 0 6 + + + + (2000 3 2003 3 ) (2007 10 2009 2 ) (2011 4 2011 9 ) (2015 7 2016 2 ) 1 2009 9 20 0 9 2011 9 2012 9 2013 9 2014 9 2015 9 2016 9 2017 9 50 40 30 20 10 0 2402001601208040 56 1 1 5 25 5 20

10 ETF 1992 1 2018 6 1992 1 100