Newton Power Innovation Fund (with/without currency hedge) Net Asset Value Exceeds 600 Billion JPY

Sumitomo Mitsui DS Asset Management Co., Ltd. announced that the total net asset value of its "Newton Power Innovation Fund (with currency hedge) / (without currency hedge)" (nickname: Power Revolution) exceeded 600 billion JPY, reaching 606 billion JPY as of April 9, 2026. The fund was newly established on October 28, 2024. It aims for medium- to long-term growth of trust assets by primarily investing in global equities expected to benefit from the expansion of electricity demand and transformation of the electricity market. The actual management of the fund is conducted by Newton Investment Management North America LLC. The fund achieved this milestone in just over 1 year and 5 months since its establishment. Support from investors is attributed to the expansion of global electricity demand driven by economic growth in emerging countries/regions, global population increase, and technological advancements represented by generative AI, as well as expectations for technological innovation in response. Sumitomo Mitsui DS Asset Management Co., Ltd. is located at Toranomon Hills Business Tower 26F, 1-17-1 Toranomon, Minato-ku, Tokyo. It is registered as a Financial Instruments Business Operator (Kanto Local Finance Bureau (Kinsho) No. 399) and is a member of The Investment Trusts Association, Japan and the Japan Securities Dealers Association (Type II Financial Instruments Business Association).