#Japan #Tokyo #ROBOPRO Fund #FOLIO #Investment Allocation

Overview of the ROBOPRO Fund's August Rebalance

The ROBOPRO fund, guided by advice from FOLIO Co., Ltd., has made significant adjustments to its investment allocation ratios as of August. This report aims to elaborate on recent distribution changes based on insights from FOLIO.

Key Changes in Asset Allocation

The latest rebalance illustrates a notable uptick in equity assets, which now constitute over 56% of the fund — the highest level observed since March 2026. In parallel, allocations to bonds and gold have seen a decrease, now totaling roughly 42%. This adjustment indicates a slight increase in the fund's aggressiveness toward equities while still maintaining a degree of investment in bonds and gold.

The changes are as follows:

• - Increased investment in US and emerging market equities.
• - Reduced exposure to advanced country equities, gold, and emerging market bonds.

Please note, the composition ratios as of August 13 are approximate and may not sum to 100% due to rounding.

AI Predictions and Market Insights

According to recent AI predictions regarding expected returns across eight assets, US equities have a relatively optimistic outlook. In contrast, forecasts for bonds and gold have downgraded.

• - US Equity Outlook: Improvements in energy prices have posited positive expectations for US stock projections.
• - Developed Markets Equity Outlook: A narrowing of growth potential in developed market equities has been observed, attributed partially to gains in the Japanese equity market.
• - Emerging Markets Equity Outlook: A cooling off in stock price surges and the stabilization of US bond trends have fostered better forecasts for emerging market equities.
• - Gold Outlook: Gold's future performance appears to be negatively affected by long-term fluctuations in energy prices.

These forecasts shape the asset allocation decisions for the fund, ensuring that expected returns and risks are carefully evaluated.

Key Investment Target ETFs

The fund primarily invests through the following ETFs:

• - US Equities: Vanguard Total Stock Market ETF
• - Developed Market Equities: Vanguard FTSE Developed Markets ETF (excludes US stocks but includes Japanese stocks)
• - Emerging Market Equities: Vanguard FTSE Emerging Markets ETF
• - US Bonds: Vanguard Total Bond Market ETF
• - High-Yield Corporate Bonds: iShares iBoxx Dollar High Yield Corporate Bond ETF
• - Emerging Market Bonds: iShares JP Morgan USD Emerging Markets Bond ETF
• - Real Estate: iShares US Real Estate ETF
• - Gold: SPDR Gold MiniShares Trust

For information on various investment risks, readers can visit the following link: Investment Risks and Costs

Additionally, details related to authorized distributors can be found here: Authorized Sales Companies

Important Notes for Investors

Investment capital is not guaranteed, and investors may incur losses leading to a decline in their original investment due to drops in the fund's value. It is essential to recognize that investment trusts differ from traditional savings deposits, wherein all profits and losses belong to the investors.

The fund invests in a range of securities such as domestic and international stocks, bonds, real estate investment trusts, and various commodities, which can lead to price fluctuations. Additionally, exposure to foreign currency assets may also result in losses.

Past performance data is historical and does not indicate future returns. Tax implications, fees, and other costs must also be considered. We recommend thorough review of the 'Investment Trust Explanation Document' alongside related contract documents prior to making an investment decision.

Financial Regulatory Information

SBI Okasan Asset Management Co., Ltd.

• - Legal Name: SBI Okasan Asset Management Co., Ltd.
• - Registration: Financial Instruments Business Operator, Kanto Local Finance Bureau Director (Financial Instruments) No. 370
• - Affiliation: General Incorporated Association Asset Management Association of Japan