Securities Report (Domestic Investment Trust Beneficiary Certificates) - 9th Period (2025/04/25 - 2026/04/24)

SBI Asset Management Co., Ltd. Securities Report (Domestic Investment Trust Beneficiary Certificates) - 9th Period (2025/04/25 - 2026/04/24)

This report is submitted pursuant to Article 24 of the Financial Instruments and Exchange Act as a securities report related to the issuance of domestic investment trust beneficiary certificates. The investment trust aims for long-term, stable asset growth by diversifying investments across various asset classes, including equities, bonds, and real estate investment trusts (REITs).

The 9th reporting period covers one year, from April 25, 2025, to April 24, 2026. The investment strategy during this period will maintain a strategic asset allocation based on investors' risk tolerance, with dynamic rebalancing in response to market fluctuations, considering global economic conditions. Particular attention will be paid to monetary policy developments at the U.S. Federal Reserve, the continuation of the Bank of Japan's negative interest rate policy, and risks related to slowing growth in emerging markets.

The target asset allocation is approximately 25% domestic equities, 40% foreign equities, 20% domestic bonds, and 15% foreign bonds and other financial instruments. The trust will continue promoting ESG investing, prioritizing sustainable companies based on environmental, social, and governance criteria. The fund is available to both institutional and individual investors and is managed under a net asset value pricing system.

The fee structure includes a total trust fee of 0.85% per annum (tax included), which encompasses compensation for the asset manager, the trust bank, and distribution companies. Purchase fees are generally not required (no-load), although some distributors may impose separate charges. There are no redemption fees.

Key risk factors include sharp fluctuations in domestic and international financial markets, interest rate and foreign exchange rate volatility, credit risk, liquidity risk, and geopolitical or natural disaster-related risks. Specific concerns include renewed U.S.-China trade tensions, geopolitical instability in the Middle East, and increasingly frequent extreme weather events due to climate change, all of which may impact asset prices.

As of the end of the 8th period, the fund's total net assets amounted to approximately JPY 328 billion, reflecting a 4.7% year-on-year increase. The number of beneficiaries stands at around 128,000, with individual investors accounting for 78% of the total. The company remains committed to supporting investors' asset formation through transparent disclosure and consistent investment performance.

Detailed information and supplementary materials are available on the Financial Services Agency's EDINET system and the official SBI Asset Management website (https://www.sbiam.co.jp/). Investors are strongly encouraged to review this report thoroughly when making investment decisions.