Securities Report (Domestic Investment Trust Beneficiary Certificates) - 18th Period (2025/10/21 - 2026/04/20)

YM Asset Management Co., Ltd. Securities Report (Domestic Investment Trust Beneficiary Certificates) - 18th Period (2025/10/21 - 2026/04/20)

This report is submitted in accordance with the Financial Instruments and Exchange Act as a securities report for domestic investment trust beneficiary certificates. The reporting period covers the 18th period from October 21, 2025, to April 20, 2026, and includes detailed information on the investment trust's performance, asset composition, income status, risk factors, and management outlook.

YM Asset Management Co., Ltd. operates primarily as an asset management firm, offering a range of investment trust products to institutional and individual investors in Japan and abroad. This report provides comprehensive disclosures on investment policies, market environment analysis, portfolio breakdowns, fee structures, and compliance frameworks.

The investment trust aims to reduce risk and pursue stable returns through diversified investments in equities, bonds, REITs, and other securities. The investment team conducts comprehensive analyses of macroeconomic trends, monetary policies, exchange rates, and sector-specific performance to implement optimal asset allocation.

The report details the net asset value for the period, dividend distribution records, management fees, trust fees, and major holdings. It also outlines future outlooks, including strategies to address global inflationary pressures, interest rate movements, and geopolitical risks.

This report is intended to provide investors with information essential for making informed investment decisions. It will be submitted to the Financial Services Agency and simultaneously published on the company's official website. Please note that investment trusts are not principal-protected products and may result in losses due to market fluctuations.