Securities Report (Domestic Investment Trust Beneficiary Certificates) - 22nd Period (2025/04/29 - 2026/04/27)

Sparks Asset Management Co., Ltd. Securities Report (Domestic Investment Trust Beneficiary Certificates) - 22nd Period (2025/04/29 - 2026/04/27)

This securities report is submitted by Sparks Asset Management Co., Ltd. in accordance with the Financial Instruments and Exchange Act, disclosing financial and operational information regarding domestic investment trust beneficiary certificates for the 22nd period (from April 29, 2025, to April 27, 2026). The purpose of this report is to provide investors and stakeholders with accurate and comprehensive information on the investment trust’s performance, asset composition, risk factors, investment strategies, fee structure, and financial results.

The investment trust primarily invests in Japanese equities, bonds, and other securities, aiming for long-term capital appreciation and stable returns. Investment decisions are made based on comprehensive analysis of macroeconomic conditions, market trends, interest rate environments, and foreign exchange movements. From a risk management perspective, the portfolio maintains diversified exposure across multiple asset classes.

The report discloses net asset value trends during the 22nd period, dividend distribution records, breakdown of management fees, trust fee structures, and a list of major holdings. Looking ahead, the report indicates a continued focus on liquidity management and volatility mitigation in response to rising global uncertainties.

Key risk factors include changes in domestic and international economic and monetary policies, market volatility, credit risk, liquidity risk, and foreign exchange risk. The report also emphasizes investor awareness of these risks. Additionally, details on compliance frameworks and internal control systems are provided, highlighting governance transparency.

This report has been submitted to the Financial Services Agency and is also publicly available on the company’s official website, where it can be freely accessed and downloaded. It is expected to serve as a critical decision-making resource for both individual and institutional investors considering investment in the trust.