SCHEDULE: Truist Financial Discloses 10.48% Stake in Nomura ETF Trust

Truist Financial Corporation, through its advisory services, has reported a 10.48% beneficial ownership in Nomura ETF Trust as of December 31, 2025.

Summary

• Truist Financial Corporation, acting as a Parent Holding Company for Truist Advisory Services, Inc., has filed an Amendment No. 3 to Schedule 13G.
• The filing discloses beneficial ownership of 138,861 shares in Nomura ETF Trust.
• This represents 10.48% of the class of Exchange Traded Fund securities (CUSIP: 555927870).
• Truist Financial Corporation holds sole dispositive power over all 138,861 shares, with no voting power.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of an ownership stake. It neither indicates overwhelmingly positive nor negative developments, but rather a standard regulatory update on an existing investment.

Positives

• Truist Financial Corporation's significant stake indicates a substantial investment in the Nomura ETF Trust.
• The filing confirms the investment is held in the ordinary course of business, suggesting a passive, long-term investment strategy.

Risks

• The value of the investment is subject to market fluctuations inherent in Exchange Traded Funds.
• As a passive investor, Truist Financial Corporation has no voting power to influence the management or strategic direction of Nomura ETF Trust.

Future Outlook

The filing is a historical disclosure of ownership and does not contain forward-looking statements or guidance from either the issuer or the reporting person regarding future performance or strategic plans. Truist Financial Corporation certifies its passive investment intent.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

This filing reflects a common practice in the financial services industry where large financial institutions, such as Truist Financial Corporation (a bank holding company and investment adviser), hold significant, passive stakes in Exchange Traded Funds (ETFs) as part of their asset management or investment strategies. Nomura ETF Trust represents an investment vehicle managed by Nomura, a global financial services group, and such holdings are typical for institutional portfolios seeking diversified exposure.

Stakeholder Impact

• Shareholders of Nomura ETF Trust: Provides transparency regarding a significant institutional holder, which can offer a degree of stability.
• Truist Financial Corporation shareholders: Discloses a material investment held by the company, reflecting its asset management activities.

Key Dates

Keywords

Truist Financial, Nomura ETF Trust, Schedule 13G, Beneficial Ownership, Exchange Traded Fund, Investment Adviser, Passive Investment, Institutional Ownership