Securities Report (Domestic Investment Trust Beneficiary Certificates) - Period 2 (2025/04/22–2026/04/20)

Aozora Asset Management Co., Ltd. Securities Report (Domestic Investment Trust Beneficiary Certificates) – Period 2 (2025/04/22–2026/04/20)

This document is a securities report submitted by Aozora Asset Management Co., Ltd. in accordance with the Financial Instruments and Exchange Act, regarding publicly offered domestic investment trust beneficiary certificates. The reporting period covers the second period, from April 22, 2025, to April 20, 2026, and includes information on the investment trust’s operations, financial condition, risk factors, management policies, and future outlook during this period.

The purpose of this report is to provide timely and accurate disclosures to investors and market participants, thereby ensuring market transparency and fairness. The report contains essential information for investment decisions, including trends in net asset value, dividend distributions, investment returns, portfolio composition, and a breakdown of trust fees.

Additionally, the report discloses governance-related matters such as compliance systems, internal control frameworks, and conflict-of-interest management policies, all of which play a critical role in investor protection. This securities report is publicly available on the Financial Services Agency’s EDINET system and on the company’s official website, accessible to all interested parties.

Going forward, Aozora Asset Management will continue its commitment to transparent and reliable information disclosure to maintain investor trust.