Securities Report (Domestic Investment Trust Beneficiary Certificates) - 57th Period (October 23, 2025 - April 22, 2026)

Sumitomo Mitsui DS Asset Management Company, Limited Securities Report (Domestic Investment Trust Beneficiary Certificates) - 57th Period (October 23, 2025 - April 22, 2026)

This securities report has been prepared by Sumitomo Mitsui DS Asset Management Company, Limited in accordance with the Financial Instruments and Exchange Act, aiming to provide timely and appropriate disclosure of information regarding domestic investment trust beneficiary certificates to investors.

The reporting period for the 57th term spans from October 23, 2025, to April 22, 2026. The report details the investment performance, asset size, revenue structure, risk factors, and any changes in investment policies for each investment trust during this period.

The company discloses net asset value, dividend distribution records, breakdown of trust fees, and benchmark comparisons of investment performance, providing essential information for investment decisions. Additionally, the report includes updates on legal compliance systems, internal controls, and compliance initiatives.

This report is publicly disclosed upon submission to the Financial Services Agency and is accessible via the company's official website and the securities exchange's disclosure system. Prospective investors are advised to thoroughly review the contents of this report and make investment decisions at their own discretion.

Sumitomo Mitsui DS Asset Management Company, Limited, a consolidated subsidiary of Sumitomo Mitsui Trust Holdings, Inc., plays a central role in domestic and international asset management markets. As of October 2025, the company's total assets under management reached approximately 38 trillion yen, covering a wide range of asset classes including equities, bonds, real estate, and alternative investments.

The company continues to strengthen its client-centric investment framework and actively promotes ESG investing, impact investing, and carbon-neutral strategies. It is also investing in the development of quantitative investment strategies utilizing AI and big data, advancing digital transformation (DX).

The report also addresses future economic outlooks and risk management policies in response to changing market conditions. Specific attention is drawn to risks associated with U.S. monetary policy, foreign exchange fluctuations, geopolitical tensions, and climate change impacts.

Investment trusts are not principal-protected products, and investors may incur losses due to price fluctuations. Furthermore, dividend distributions are based on the trust's earnings and are not guaranteed in the future.

The company remains committed to maintaining high transparency in information disclosure and upholding its position as a trusted asset management firm.