TOKYO, Mar 16 (Pulse News Wire) – SMT ETF Selected J-REIT Active (258A.T) completed its major amendment procedures as disclosed previously on December 03, 2025. Beneficiaries who voted in favor represent more than two-thirds of the total beneficiary rights as of December 24, 2025, enabling the changes to take effect on April 11, 2026.
The amendments reduce the investment limit in domestic real estate investment trusts (J-REITs) from below 10% of net asset value to below 20%. Consequently, the fund transitions from a diversified to a specialized investment strategy according to Investment Trust Association regulations. The move follows recent regulatory easing allowing up to 20% of net asset value to be invested in a single J-REIT, aiming to enhance operational flexibility and potentially improve performance. Opposed beneficiaries can request redemption during the period from March 19 to April 7, 2026.
Beneficiary rights holders opposing the changes can request redemption of their units from March 19 to April 7, 2026, based on holdings as of December 24, 2025. However, such requests are optional. Further adjustments include prohibiting foreign currency investments and limiting derivative exposure to 35% of net asset value. Additionally, the fund introduces a new clause restricting investment in a single J-REIT to below 20% of net assets.
🟡 Confidence: Standard AI-translated content.