Securities Report (Domestic Investment Trust Beneficiary Certificates) - 10th Period (2025/04/01 - 2026/03/31)

Daiwa Asset Management Co., Ltd. Securities Report (Domestic Investment Trust Beneficiary Certificates) - 10th Period (2025/04/01 - 2026/03/31)

This report is prepared pursuant to Article 24-5 of the Financial Instruments and Exchange Act, and contains important information regarding the domestic investment trust beneficiary securities publicly offered by Daiwa Asset Management Co., Ltd. (hereinafter referred to as "the Company"). The reporting period covers the 10th fiscal term from April 1, 2025 to March 31, 2026, and includes comprehensive disclosures on investment performance, financial condition, risk factors, fee structure, investment policy, changes in management approach, trust asset performance, distribution policy, and auditor's report—essential information for investor decision-making.

The Company prioritizes proper fund management and investor protection, continuously enhancing its compliance framework and information disclosure practices. This report adheres to the formats prescribed by the Financial Services Agency and is written in clear, accessible language to ensure investors fully understand its contents. Where applicable, key figures and metrics are presented with year-on-year comparisons to facilitate trend analysis.

The investment trust primarily allocates assets to domestic equities and bonds, aiming for stable returns and capital preservation. Portfolio construction and rebalancing are conducted by experienced fund managers who conduct comprehensive analyses of macroeconomic trends, corporate earnings, interest rate movements, and foreign exchange rates. The Company is also strengthening its ESG (Environmental, Social, and Governance) initiatives, contributing to the promotion of sustainable investing.

While quarterly performance reports are published regularly, this annual report provides a comprehensive evaluation of the trust's operations. For the 2025 fiscal year, the fund achieved returns slightly above its benchmark, reflecting effective responses to global and domestic market fluctuations. In risk management, the Company regularly employs Value-at-Risk (VaR) assessments and stress testing to maintain robust systems capable of minimizing losses even under extreme market conditions.

All fees and expenses—including management fees, sales charges, and trust property retention amounts—are fully disclosed to ensure transparency. The Company enables investors to accurately understand costs and compare this fund with others. Detailed information on dividend distributions and reinvestment options is also provided to enhance investor convenience.

This report is publicly available on the Company's official website and the Financial Services Agency's EDINET (Electronic Disclosure for Investors' Network) system, where it can be freely accessed and downloaded. Investors are encouraged to utilize this report as a key reference in their investment decision-making.

Going forward, the Company will continue to support investors' asset formation as a trusted asset management firm.