Securities Report (Domestic Investment Trust Beneficiary Certificates) - 41st Period (2025/11/11 - 2026/05/11)

SBI Okasan Asset Management Co., Ltd. Securities Report (Domestic Investment Trust Beneficiary Certificates) - 41st Period (2025/11/11 - 2026/05/11)

This report has been prepared by SBI Okasan Asset Management Co., Ltd. for the purpose of disclosing information regarding publicly offered domestic investment trust beneficiary certificates. The reporting period covers the 41st term, from November 11, 2025, to May 11, 2026, and includes detailed information on investment trust performance, asset status, income calculations, risk factors, changes in investment policies, and other material matters during this period.

In accordance with the Financial Instruments and Exchange Act and related Cabinet Office ordinances, the company is obligated to provide periodic disclosures to investors. This report aims to supply information essential for investment decisions and serves the mission of ensuring transparency and investor protection in investment trusts.

Regarding operational performance, the report details each fund's net asset value, dividend distribution records, net asset value trends, benchmark comparisons, and fee structures. It also incorporates analyses of changing market conditions and economic environments to clarify the rationale behind investment decisions.

Financial information includes attached financial statements such as income statements, balance sheets, and cash flow statements. These documents have undergone third-party audits to ensure reliability.

Risk factors listed include fluctuations in domestic and international economic and financial markets, foreign exchange rate volatility, interest rate changes, credit risk, liquidity risk, and operational risks within the asset management company. Specific scenarios are provided to help investors properly understand these risks.

Going forward, the company will continue to uphold sound investment trust operations and thorough information disclosure to maintain investor trust.