Newton Power Innovation Fund (with/without currency hedge) nicknamed 'Power Revolution' surpasses 600 billion yen in net asset value

Sumitomo Mitsui DS Asset Management Co., Ltd. (Location: Minato-ku, Tokyo; Representative Director, President & CEO: Wataru Ogiwara; hereinafter "the Company") announces that the total net asset value of its additional investment trust, the "Newton Power Innovation Fund (with currency hedge) / (without currency hedge)" (nicknamed "Power Revolution"; hereinafter "the Fund"), reached 606 billion yen as of April 9, 2026, surpassing 600 billion yen.

The Fund was newly established on October 28, 2024, with the aim of achieving medium- to long-term growth of trust assets by primarily investing in global equities expected to benefit from the expansion of electricity demand and transformations in the power market.

The actual management of the Fund is carried out by Newton Investment Management North America LLC.

Against the backdrop of economic growth in emerging countries and regions, global population increase, and the expansion of global electricity demand driven by technological advancements such as generative AI, as well as expectations for technological innovation in response, the Fund has received strong support from many investors, enabling its net asset value to exceed 600 billion yen in just over 1 year and 5 months since its establishment.

We will continue to manage the Fund to meet the trust of our investors.

Details of the Newton Power Innovation Fund (with currency hedge) can be found here: https://www.smd-am.co.jp/fund/189902/ Details of the Newton Power Innovation Fund (without currency hedge) can be found here: https://www.smd-am.co.jp/fund/200102/

The Company will continue to contribute to our customers' asset formation under its management philosophy, "To be the best asset management company contributing to Quality of Life."

Transition of the Fund's Net Asset Value since establishment (October 28, 2024 to April 9, 2026)

Important Notes ■This document was prepared by Sumitomo Mitsui DS Asset Management and is not a disclosure document based on the Financial Instruments and Exchange Act. It does not recommend the buying or selling of specific investment trusts, life insurance, stocks, bonds, etc., other than the Fund. ■When applying to acquire the Fund, please make your own judgment after confirming the contents of the latest investment trust prospectus (delivery prospectus) and pre-contractual delivery documents provided by the distributor. Please request the investment trust prospectus (delivery prospectus) and pre-contractual delivery documents from the distributor. If there is any discrepancy between the content of this document and the investment trust prospectus (delivery prospectus), the latest investment trust prospectus (delivery prospectus) shall prevail. ■The Company is not responsible for the results of investment actions taken based on this document. ■Investment trusts invest in securities with fluctuating prices (foreign securities also carry exchange rate fluctuation risk), so they are products that include risk, and investment performance fluctuates depending on market conditions, etc. Therefore, the principal and yield are not guaranteed. ■Investment trusts are not covered by deposit insurance, savings insurance, or the Policyholders Protection Corporation, unlike deposits and insurance contracts. Also, if purchased from a registered financial institution, they are not covered by the Investor Protection Fund. ■The content of this document is as of the preparation date and may be changed without prior notice in the future. ■This document has been prepared by Sumitomo Mitsui DS Asset Management based on information judged to be highly reliable, but its accuracy and completeness are not guaranteed.

Sumitomo Mitsui DS Asset Management Co., Ltd. Address: Toranomon Hills Business Tower 26F, 1-17-1 Toranomon, Minato-ku, Tokyo 105-6426 HP: https://www.smd-am.co.jp/ Financial Instruments Business Operator Kanto Local Finance Bureau (Kinsho) No. 399 Member Associations: The Investment Trusts Association, Japan, Type II Financial Instruments Firms Association