Announced Initiatives on "Customer-Centric Business Operations"

Sumitomo Mitsui Trust Asset Management Co., Ltd. (President and CEO: Takahiro Kobayashi, hereinafter "the Company") is committed to customer-centric business operations on a daily basis, based on the "Initiatives Policy on Fiduciary Duty of Sumitomo Mitsui Trust Group"*1 and the "Principles for Customer-Centric Business Operations" published by the Financial Services Agency*2. The Company has now announced "Policy and Status of Initiatives on Customer-Centric Business Operations" regarding these initiatives.

*1 "Initiatives Policy on Fiduciary Duty of Sumitomo Mitsui Trust Group"

(Formulated and published by Sumitomo Mitsui Trust Group)

*2 Financial Services Agency "Principles for Customer-Centric Business Operations" and "Supplementary Principles for Product Governance"

For details, please refer to the following.

Policy and Status of Initiatives on Customer-Centric Business Operations

https://www.smtam.jp/file/269/FD202606.pdf

Key Points of Initiatives

Ensuring Customers Can Invest with Peace of Mind

To ensure that our customers can invest with peace of mind, we conduct regular checks and reviews even after providing products (= product governance initiatives). To communicate this content more clearly, we have begun publishing "Fund Reviews" starting this time. This summarizes the results of regular verification and monitoring conducted on all of our publicly offered investment trusts.

Future Outlook

Under our vision of "Opening up future possibilities and fostering a truly "rich" society," we will continue to strive to provide customer-centric products and services, as well as to continuously disclose our progress and make necessary revisions.

We sincerely appreciate your continued patronage.

<About Sumitomo Mitsui Trust Asset Management>

Sumitomo Mitsui Trust Asset Management is one of the largest asset management companies in Japan and Asia, with approximately 111.8 trillion yen* in assets under management. With the philosophy of "Opening up future possibilities and fostering a truly "rich" society," as a responsible institutional investor, we address global social issues through constructive dialogue with investee companies and collaboration in various fields with international ESG promotion organizations. We strive to maximize our customers' medium- to long-term investment returns by pursuing the ideal form of asset management suitable for the times and contributing to the creation of a prosperous and sustainable society. (*As of the end of March 2026)