Securities Report (Domestic Investment Trust Beneficiary Certificates) - 40th Period (Nov 18, 2025 - May 18, 2026)

Daiwa Asset Management Co., Ltd. Securities Report (Domestic Investment Trust Beneficiary Certificates) - 40th Period (Nov 18, 2025 - May 18, 2026)

This securities report is submitted in accordance with the Financial Instruments and Exchange Act and pertains to domestic investment trust beneficiary securities. The reporting period covers the 40th fiscal term, a six-month duration from November 18, 2025, to May 18, 2026.

Daiwa Asset Management Co., Ltd. is an asset management firm responsible for establishing and managing investment trusts. This report provides detailed information on the operational performance of various funds during the period, including asset size, return rates, risk metrics, fee structures, and any changes in investment strategies.

Additionally, the report includes market environment analysis, future outlooks, and disclosures of risk factors, aiming to support informed investment decision-making. It is publicly available via the Financial Services Agency's EDINET system, accessible to both individual and institutional investors.

The content emphasizes accurate and timely disclosure in compliance with regulatory requirements, with sections addressing governance frameworks and internal control systems. Notably, emerging risk areas such as climate change risks and cybersecurity threats are also included as formal disclosure items.

Fund performance is significantly influenced by global equity markets, bond markets, and foreign exchange trends. The report incorporates macroeconomic analysis of these factors. Furthermore, it outlines the company's approach to ESG investing and alignment with the UN Sustainable Development Goals (SDGs), highlighting its commitment to sustainable finance.

The report underscores the company's dedication to investor protection and transparency, affirming its ongoing commitment to reliable and regular information disclosure in the future.