# Mitsubishi UFJ Trust and Banking Corporation

> Mitsubishi UFJ Trust and Banking Corporation is an SEC-registered investment advisory firm in Tokyo, Japan, registered since 2018, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 24, 2026.

- CRD: 296868
- Filed as: MITSUBISHI UFJ TRUST AND BANKING CORPORATION
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Tokyo, Japan
- Filing period: October 2026
- Form ADV filing dated: August 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/296868
- AdvisorCensus page: https://advisorcensus.com/firm/mitsubishi-ufj-trust-and-banking-corporation-tokyo-296868

## Quick answers

**How is Mitsubishi UFJ Trust and Banking Corporation compensated?**
On its Form ADV (Item 5.E, October 2026), Mitsubishi UFJ Trust and Banking Corporation reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.

**Where is Mitsubishi UFJ Trust and Banking Corporation located?**
Mitsubishi UFJ Trust and Banking Corporation's principal office is in Tokyo, Japan, according to its Form ADV; the September 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Mitsubishi UFJ Trust and Banking Corporation registered with the SEC or a state?**
Mitsubishi UFJ Trust and Banking Corporation is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 296868.

**How much does Mitsubishi UFJ Trust and Banking Corporation manage?**
Mitsubishi UFJ Trust and Banking Corporation reports $406,959,236,818 in regulatory assets under management in its Form ADV filing dated August 24, 2026 (99% discretionary).

**How have Mitsubishi UFJ Trust and Banking Corporation's assets and staff changed since 2021?**
In the Form ADV data for Mitsubishi UFJ Trust and Banking Corporation: Regulatory assets under management: $459,544,922,180 in the October 2021 data and $406,959,236,818 in the October 2026 data, down 11%. Total employees: 6,500 in October 2021 and 6,400 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Mitsubishi UFJ Trust and Banking Corporation serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (29,814); pooled investment vehicles (other than investment companies and business development companies) (2,274); corporations or other businesses not listed above (208).

**Which custodians does Mitsubishi UFJ Trust and Banking Corporation use?**
Mitsubishi UFJ Trust and Banking Corporation's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Custody Bank of Japan, Ltd. and The Master Trust Bank of Japan, Ltd. (affiliated with the firm) as custodians holding 10% or more of its separately managed account assets.

**Does Mitsubishi UFJ Trust and Banking Corporation report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/296868

**Does Mitsubishi UFJ Trust and Banking Corporation state an account minimum?**
Its Form ADV Part 2A brochure dated June 23, 2026 says: "Generally, MUTB has a minimum initial amount for separately managed accounts of $50 million and may waive conditions subject to the situation."

**What changed in Mitsubishi UFJ Trust and Banking Corporation's recent Form ADV filings?**
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated June 23, 2026)

- Account minimum: $50,000,000 (the brochure says it may be waived or negotiated)

> Generally, MUTB has a minimum initial amount for separately managed accounts of $50 million and may waive conditions subject to the situation.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Custody Bank of Japan, Ltd.
- The Master Trust Bank of Japan, Ltd. (affiliated with the firm)

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $406,959,236,818
- Discretionary: $401,045,445,429
- Non-discretionary: $5,913,791,389

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 29,814 | $7,231,680,349 |
| Banking or thrift institutions | 70 | $14,362,303,718 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2,274 | $86,977,379,264 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 120 | $42,459,240,061 |
| State or municipal government entities (including government pension plans) | 1 | $98,811,168 |
| Other investment advisers | 1 | $20,020,503 |
| Insurance companies | 6 | $14,260,757,712 |
| Sovereign wealth funds and foreign official institutions | 10 | $228,056,671,761 |
| Corporations or other businesses not listed above | 208 | $5,967,022,992 |
| Other | 91 | $7,525,349,290 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 2018 (8 years)
- Employees: 6,400 total, 300 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Tokyo

### Websites listed on Form ADV (Item 1.I)
- [tr.mufg.jp/am/index.html](https://tr.mufg.jp/am/index.html)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $459,544,922,180 | 6,500 | July 5, 2021 |
| October 2022 | $431,157,099,756 | 6,500 | July 5, 2022 |
| October 2023 | $379,403,272,690 | 6,500 | August 28, 2023 |
| October 2024 | $396,352,827,195 | 6,300 | September 2, 2024 |
| October 2025 | $384,048,650,384 | 6,300 | July 8, 2025 |
| October 2026 | $406,959,236,818 | 6,400 | August 24, 2026 |

Regulatory assets under management: $459,544,922,180 in the October 2021 data and $406,959,236,818 in the October 2026 data, down 11%.
Total employees: 6,500 in October 2021 and 6,400 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Updated its list of owners and control persons (Schedule A).

### July 2026
- Employees performing advisory functions went from 250 to 300.

### May 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Mitsubishi UFJ Trust and Banking Corporation (CRD 296868): Form ADV filing data as of October 2026.