Securities Report (Domestic Investment Trust Beneficiary Certificates) - 9th Period (2025/04/11 - 2026/04/10)

Daiwa Asset Management Co., Ltd. Securities Report (Domestic Investment Trust Beneficiary Certificates) - 9th Period (2025/04/11 - 2026/04/10)

This report has been prepared in accordance with Article 24 of the Financial Instruments and Exchange Act, with the purpose of providing information disclosure to investors of domestic investment trust beneficiary securities. The report details the investment performance, financial condition, asset composition, risk factors, changes in investment policy, and future outlook for the 9th period (from April 11, 2025 to April 10, 2026).

Daiwa Asset Management Co., Ltd. primarily engages in the asset management of investment trusts and offers funds targeting institutional and individual investors across diverse asset classes, including domestic and international equities, bonds, and real estate-related securities. This particular investment trust focuses on domestically invested trust beneficiary securities, adopting an investment strategy emphasizing stable returns and rigorous risk management.

The financial statements include detailed disclosures on net assets, total managed assets, dividend distribution records, and the breakdown of trust fees. Key accounting policies are also disclosed, such as valuation methods (fair value principle), impairment treatment, and foreign exchange conversion methods. Identified risk factors include financial market volatility, interest rate fluctuations, foreign exchange risk, credit risk, liquidity risk, and changes in laws and regulations, with corresponding mitigation measures described for each.

Regarding future management policies, the report emphasizes advancing ESG investments to achieve sustainable growth, enhancing investment strategies through AI and big data analytics, and accelerating product development tailored to customer needs. Corporate governance is also addressed, including board composition, auditor independence, and the status of internal control systems.

The primary objective of this report is to support investors in making informed decisions. It is publicly available on the Financial Services Agency's EDINET system and the company's official website. Investors are encouraged to carefully review this report and fully understand the balance between risks and returns before making investment decisions.