Securities Report (Domestic Investment Trust Beneficiary Certificates) - 45th Period (2025/10/24–2026/04/23)

Goldman Sachs Asset Management Co., Ltd. Securities Report (Domestic Investment Trust Beneficiary Certificates) - 45th Period (2025/10/24–2026/04/23)

This report has been prepared in accordance with the Financial Instruments and Exchange Act, aiming to disclose information regarding domestic investment trust beneficiary certificates to investors. The reporting period covers the 45th fiscal term, from October 24, 2025, to April 23, 2026, a six-month duration.

Goldman Sachs Asset Management Co., Ltd. (hereinafter referred to as "the Company") is obligated to accurately and timely disclose the investment trust's performance, asset composition, income calculations, risk factors, and any changes in investment policies through this report.

The investment trusts covered in this report are beneficiary certificates of trusts established in Japan, primarily investing in equities, bonds, and other securities. The Company conducts asset management with a professional approach, prioritizing the interests of investors.

The report includes details such as total net assets, dividend distribution records, management fees, trust fees, and explanations of key accounting policies. It also discusses the impact of changing market conditions and global economic trends on investment performance.

Under the supervision of the Financial Services Agency, the Company is committed to proper disclosure practices and sound governance, and this report is published as part of those efforts. Investors may refer to this document for investment decisions, but should note that past performance does not guarantee future results.

Going forward, the Company will continue transparent disclosures and strive to strengthen trust with its investors.