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Insights on ROBOPRO Fund's June Rebalancing

The ROBOPRO Fund has received strategic guidance on its investment asset allocation from FOLIO, a key player in the investment advisory sector. This report outlines the recent changes in investment allocation ratios for this June's rebalancing, along with insights drawn from FOLIO's recommendations.

Shift in Asset Allocation

One of the notable changes from the last rebalancing is the slight increase in equity assets, while allocations towards U.S. bonds and gold have also seen an uptick, emphasizing a strategy of diversification.

• - Equity Asset Increase: The Fund has adjusted its investments to increase the total equity asset allocation to around 40%. This increase comes despite a reduction in real estate allocations, leading to a lower overall percentage of high-risk assets (equities and real estate combined), now at approximately 47% since February 2025.
• - Bonds and Gold: The combined allocations in bonds and gold have risen to about 53%. The portfolio includes all eight asset classes, showcasing astrong emphasis on diversification.

AI Predictions and Analysis

According to recent AI predictions concerning future returns from the eight asset classes, gold, U.S. stocks, and U.S. bonds projected relatively high returns. In contrast, forecasts for high-yield bonds and emerging market assets (both equities and bonds) indicated lower returns. When comparing these predictions with the previous assessments, real estate outlooks have deteriorated, while forecasts for bond assets have improved.

Based on these AI projections, actual asset allocations are determined by considering expected returns and risks for each asset class.

U.S. Stocks Outlook

The outlook for U.S. equities has shown slight improvement but remains stable overall. While there is no aggressive bullish sentiment, relative strength within the risk asset category has prompted an increase in U.S. stock holdings.

U.S. Bonds Outlook

The prospect for U.S. bonds has improved due to rising yields, driven by inflation concerns. These rising yields enhance their appeal as investment options; furthermore, the low correlation with equity assets has contributed to an increase in bond holdings.

Gold Outlook

Gold's outlook maintains a relatively high position, prompting further inclusion in the Fund. This perspective is driven by price adjustments that enhance its attractive valuation compared to other assets.

Key Investment ETFs in Focus

The following ETFs represent key investment areas within the ROBOPRO Fund:

• - U.S. Equities: Vanguard Total Stock Market ETF
• - Developed Market Equities: Vanguard FTSE Developed Markets ETF (excluding U.S. stocks) including Japanese equities.
• - Emerging Market Equities: Vanguard FTSE Emerging Markets ETF
• - U.S. Bonds: Vanguard Total Bond Market ETF
• - High-Yield Bonds: iShares iBoxx USD High Yield Corporate Bond ETF
• - Emerging Market Bonds: iShares JP Morgan USD Emerging Markets Bond ETF
• - Real Estate: iShares U.S. Real Estate ETF
• - Gold: SPDR Gold MiniShares Trust

For comprehensive information on investment risks and costs, please refer to the official links:

• - Investment Risks
• - Sales Companies

Investors should note that their principal is not guaranteed; thus, the decline in net asset value may result in losses that could exceed the original investment. Unlike savings deposits, profits and losses attributed to investment trust properties belong solely to the investor.

The Fund invests in domestic and foreign stocks, bonds, real estate investment trusts, and other volatile securities. The fluctuations in the value of these assets may lead to reductions in net asset value and consequently, potential losses. Additionally, investments in foreign assets expose investors to risks associated with currency fluctuations.

The past performance data included in this document does not guarantee future results, and final investment decisions should be made after reviewing the investment trust explanatory documents and agreements.

Regulatory Information on Financial Instruments

SBI Okasan Asset Management Co., Ltd.

• - Company Namen: SBI Okasan Asset Management Co., Ltd.
• - Registration Number: Financial Instruments Business Operator Kanto Finance Bureau (Financial Instruments Business) No. 370
• - Affiliation: General Incorporated Association of Asset Management Industry