Sumitomo Mitsui DS Asset Management Co., Ltd.
Regarding reduction of target year fund trust fee rate and additional setting
Sumitomo Mitsui DS Asset Management Co., Ltd. (Location: Minato-ku, Tokyo; President and CEO: Takashi Saruta; hereinafter referred to as “the Company”) has lowered the trust fee rate for some of its target year funds for defined contribution pension plans. We would like to inform you that we have added a target year and set up a new fund. Target year funds are attracting attention in recent years as funds that can practice long-term diversified investment for future asset formation after retirement. We have been providing target year funds of 4 asset types (domestic and foreign bonds and stocks excluding emerging countries) and 8 asset types (domestic and overseas bonds and stocks including emerging countries and REITs in developed countries). However, we decided to lower the trust fee rate of the 8-asset type target year fund, which allows diversified investment in a wider range than the 4-asset type, and expand it.
Even after the reduction of the trust fee rate, there will be no change to the basic policy and management system of the target fund. We will continue to improve our product development and investment capabilities, and contribute to the asset building of our customers. ■ Reduction of trust fee rate
-Target Fund-Sumitomo Mitsui DS/DC Target Year Fund 2050/2060 Trust fee rate after reduction
[Table 3: https://prtimes.jp/data/corp/67873/table/229_1_aff57a411aecae8a30da5e4d2b0e1f37.jpg ]
*The actual burden, including management fees, etc. for investment trust securities, which are the main investment target of the above target funds, is about 0.26306% (0.24106% excluding tax) per year (calculated based on the trust fee rate up to each settlement date). *For details on the reduction in the trust fee rate, please see the website below.
“Notice of Amendments to the Trust Covenants for the Sumitomo Mitsui DS/DC Target Year Fund 2050/2060”
(https://www.smd-am.co.jp/koukoku/fund/2023/news_176009_182509_20230124.pdf) *Please see the website below for details such as risks and fees for each target year fund.
“Sumitomo Mitsui DS/DC Target Year Fund 2050”
“Sumitomo Mitsui DS/DC Target Year Fund 2060”
■ Newly established funds by adding target years
-Target Fund-Sumitomo Mitsui DS/DC Target Year Fund 2035/2040/2045/2055/2065
[Table 4: https://prtimes.jp/data/corp/67873/table/229_2_3605bee41ea67986dc0bbb16afbb627d.jpg ]
*Please see the website below for details such as risks and fees for each target year fund.
“Sumitomo Mitsui DS/DC Target Year Fund 2035”
“Sumitomo Mitsui DS/DC Target Year Fund 2040”
“Sumitomo Mitsui DS/DC Target Year Fund 2045”
“Sumitomo Mitsui DS/DC Target Year Fund 2055”
“Sumitomo Mitsui DS/DC Target Year Fund 2065”
■This document was prepared by Sumitomo Mitsui DS Asset Management for the purpose of providing information. It is not intended to recommend or solicit the trading of specific investment trusts, life insurance, stocks, bonds, etc.
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