Securities Report (Domestic Investment Trust Beneficiary Certificates) - 42nd Period (2025/10/16 - 2026/04/15)

Daiwa Asset Management Co., Ltd. Securities Report (Domestic Investment Trust Beneficiary Certificates) - 42nd Period (2025/10/16 - 2026/04/15)

This securities report has been prepared by Daiwa Asset Management Co., Ltd. in accordance with the Financial Instruments and Exchange Act, regarding beneficiary certificates of domestic investment trusts established by the company. The reporting period covers the 42nd fiscal term from October 16, 2025, to April 15, 2026. The report aims to provide investors with accurate and transparent information on the trust's performance, financial status, risk factors, investment policies, asset composition, fee structures, and other material matters.

The investment trust primarily invests in domestic equities, bonds, and other securities, following an investment strategy focused on asset diversification and risk management. Daiwa Asset Management, as the investment manager, leverages extensive market analysis and proprietary risk assessment models to pursue long-term capital growth.

The report details the trust's performance during the period, including net asset value trends, dividend distributions, changes in total net assets, and the allocation of major holdings. It also discusses the impact of domestic and international economic conditions and monetary policies, along with management's outlook for the upcoming period.

Risk disclosures include market risk, interest rate risk, foreign exchange risk, credit risk, and liquidity risk, with explanations of the risk management frameworks in place for each. Particular emphasis is placed on the potential impact of global financial market volatility on the trust's performance.

This report will be submitted to the Financial Services Agency and made publicly available through the Investment Trusts Association, Japan. It is also accessible for viewing and download on the company's official website, enhancing accessibility for investors. Investors are encouraged to use this report for reviewing their investment strategies and adjusting their portfolios accordingly.

Daiwa Asset Management will continue to strengthen investor trust through regular disclosures. The company also plans to progressively disclose initiatives related to governance enhancement and ESG investment promotion in future reports, as part of its commitment to sustainable investing.