Securities Report (Domestic Investment Trust Beneficiary Certificates) - 12th Period (2025/10/16 - 2026/04/15)

Carrera Asset Management Co., Ltd. Securities Report (Domestic Investment Trust Beneficiary Certificates) - 12th Period (2025/10/16 - 2026/04/15)

This report is submitted pursuant to Article 24 of the Financial Instruments and Exchange Act as a securities report concerning domestic investment trusts managed by Carrera Asset Management Co., Ltd. The reporting period covers the 12th period (from October 16, 2025 to April 15, 2026), and includes details on the investment trust's performance, asset composition, income status, risk factors, and future outlook.

The investment trust primarily invests in domestic equities and bonds as a balanced fund, aiming for stable asset growth and continuous dividend distributions. During this reporting period, the net asset value increased by 3.2% compared to the previous semi-annual period, driven by moderate equity market gains and improved yields in the bond portfolio.

In terms of investment strategy, the trust maintains a diversified asset allocation to address global economic uncertainties. Continued emphasis is placed on sectors such as semiconductors and renewable energy, reflecting a long-term growth perspective. Additionally, ESG investment frameworks have been implemented, with security selection incorporating environmental, social, and governance criteria.

The report includes financial statements (balance sheet, income statement, cash flow statement) and explanatory notes, ensuring transparent disclosure of the trust's assets. Regarding future economic prospects, the management plans to maintain an equity-focused strategy, supported by expectations of a slowdown in U.S. interest rate hikes and signs of recovery in the Chinese economy.

Risk disclosures include market volatility, foreign exchange fluctuations, credit risk, and liquidity risk, all clearly communicated to investors. The report also explicitly states that dividend distributions may include a return of principal.

Carrera Asset Management Co., Ltd. will continue to enhance investor trust and transparency through regular disclosures. This report is available on the company's official website and the Financial Services Agency's EDINET system.