BALANCED BLEND GLOBAL LU0347745878

The Sub-Fund will invest its assets primarily in units of UCITS and/or other UCIs as described in art 41 (1) indent (e) of the 2010 Law including Exchange Traded Funds (ETF’s) which mainly invest in a) equity securities and derivatives thereof, b) transferable debt securities and derivatives thereof, c) commodities through eligible instruments, and derivatives thereof and d) bank deposits and money market instruments with a broad and unrestricted geographic orientation. In addition, the Sub-fund may and will at times invest (50% of its net assets) directly in bank deposits and money market instruments. The fund aims to provide moderate long-term capital growth by providing a conservative, balanced investment exposure to bonds, property, commodities, equities and cash.

For the quarter ending 30/3/2026, (LF) Fund of Funds - Balanced Blend Global (Eurobank class) returned -0.36%. During the period, most major asset classes were positive, propeled by a strong dollar. Commodities outperformed returning +26.00% followed by REITS +2.24%, Cash +0.505%, Bonds (EUR Brd Mkt) -0.63% and Global Equities -1.40%, all in Euro terms. Over the same period, among the major equity market indices MSCI Japan gained +2.46%, MSCI AC World lost -1.40%, MSCI Europe returned -1.49% and MSCI US -2.71% in Euro terms. Outside of the developed markets, GEMs outperformed with the MSCI EM gaining +1.67%. MSCI Frontier Markets gained +0.73% . Global REITS outperformed the global equities benchmark with FTSE EPRA/NAREIT Developed Index gaining +2.24%. N.America outperformed during the same period with the FTSE EPRA/NAREIT N.America gaining +5.62%. FTSE EPRA/NAREIT Dev Asia lost -3.02% and FTSE EPRA/NAREIT Dev Europe lost -5.27% in Euro terms. In the bond markets, ICE BofAML US Broad Market gained +2.25%, ICE BofAML Global Broad Market gained +1.08% and ICE BofAML EUR Broad Index lost -0.63% in Euro terms. Within the Euro bond market in particular, ICE BofAML EUR Direct Government Index lost -0.62%, ICE BofAML EUR Corporate Index lost -0.95% while ICE BofAML Greek Govnt Index dropped -1.50% in Euro terms. Commodities, rallied with the Bloomberg Commodity Index gaining +26.00%. WTI Crude Future gained +81.76% and Gold Spot $/oz gained +9.67% in Euro terms. The Dollar appreciated against the Euro gaining +2.19% during the same period, with the ECB Ref. set at 1.1498 on 31/3.

For the quarter, (LF) Fund of Funds - Balanced Blend Glbl had an average equity exposure of 39.21%, with a maximum exposure of 40.3% in December and a minimum of 37.6% in March. Average effective allocation in North American equities was 23.9%, 6.5% in Europe and 2.2% in Japan, while approximately 6.6% was the equity exposure in all other regions. The average exposure in bonds was 39.28%, ranging between 31.8% and 41.0% with an average effective duration of 6.1 years, while 26.0% was allocated in sovereign, and 13.3% in corporate bonds. The sub-fund had an average commodities exposure of 9,77%, and an average REITS exposure of 3.38%. During the period, the sub-fund had an average cash exposure of 8.37%.