Securities Report (Domestic Investment Trust Beneficiary Certificates) - 45th Period (2025/10/21 - 2026/04/20)

Asset Management One Co., Ltd. Securities Report (Domestic Investment Trust Beneficiary Certificates) - 45th Period (2025/10/21 - 2026/04/20)

This report presents the financial condition and operational performance of domestic investment trusts managed by Asset Management One Co., Ltd. for the 45th period, from October 21, 2025, to April 20, 2026. These investment trusts are subject to mandatory disclosure requirements under the Financial Instruments and Exchange Act and the Investment Trusts and Investment Corporations Act.

The main contents of the report are as follows:

- Overview of investment policies and performance - Breakdown of investment assets and portfolio composition - Income calculations and dividend distribution status - Financial statements (Balance Sheet, Income Statement, Statement of Changes in Net Assets) - Operational risks and risk management policies - Submission status to regulatory authorities and compliance framework

This report serves as a critical document to ensure transparency for investors, the Financial Services Agency, securities exchanges, and other relevant financial institutions. The full report is available on the company's official website and the Electronic Disclosure for Investors' NET (EDINET) system.

Asset Management One Co., Ltd. remains committed to maintaining sound and transparent asset management practices to uphold investor trust.

The company continues to enhance its risk assessment models, refine portfolio diversification strategies, and strengthen governance structures in response to evolving market conditions. Regular audits and third-party reviews are conducted to ensure adherence to both domestic and international regulatory standards. Investor communications are prioritized through quarterly briefings and accessible digital reporting platforms.

Future initiatives include expanding ESG-integrated investment products, enhancing digital investor onboarding, and deepening partnerships with global custodians to improve cross-border settlement efficiency. The firm also plans to publish supplementary sustainability reports aligned with international frameworks such as TCFD and SASB.

All disclosures are prepared in accordance with accounting standards established by the Accounting Standards Board of Japan (ASBJ) and audited by independent certified public accountants. The audit opinion confirms the fairness and accuracy of the presented financial information.

This period saw moderate market volatility influenced by global monetary policy shifts and geopolitical developments. The trust's performance was benchmarked against the TOPIX and JGBI indices, with risk-adjusted returns remaining within the target range. Currency hedging strategies were adjusted in response to yen fluctuations, and credit exposure was selectively reduced in high-yield segments.

The board of directors has reviewed and approved the contents of this report. Governance reforms introduced this period include enhanced board independence and expanded ESG oversight committees. Executive compensation remains tied to long-term performance metrics and risk-adjusted returns.

Stakeholder engagement activities included two investor town halls and a dedicated Q&A portal launched in January 2026. Feedback mechanisms are integrated into strategic planning cycles, with results influencing the next fiscal period’s asset allocation guidelines.

No material changes in control structure or major litigation were reported during the period. Related-party transactions were conducted at arm’s length and disclosed in accordance with regulatory requirements. Internal controls over financial reporting were confirmed effective as of the reporting date.

The company reaffirms its commitment to fiduciary responsibility and regulatory compliance. Ongoing investments in cybersecurity infrastructure and data governance frameworks support operational resilience. Training programs on ethical conduct and compliance awareness were completed by 100% of relevant staff during the reporting period.