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

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

This document is the securities report for the second period (April 22, 2025 to April 20, 2026) concerning domestic investment trust beneficiary certificates established by Aozora Fund Co., Ltd. It includes the investment trust’s financial condition, performance results, risk factors, and management policies, and is provided to investors and stakeholders as a disclosure document under the Financial Instruments and Exchange Act.

The preparation of this report prioritizes accuracy and transparency, aiming to support investors’ informed decision-making. The content includes financial statements prepared in accordance with accounting standards, performance analysis, outlook on market conditions, and strategic plans for the future.

Regarding the investment trust’s operations, the report discloses asset allocation, rate of return, and risk metrics (such as volatility and Sharpe ratio). It also discusses the impact of domestic and international economic trends and monetary policies, enabling investors to understand the overall investment landscape.

This report is publicly available on Aozora Fund’s official website and the Financial Services Agency’s EDINET (Electronic Disclosure System), allowing unrestricted access and download. Through regular disclosure, Aozora Fund aims to strengthen investor trust and enhance corporate governance.