This Sub-Fund promotes environmental and social characteristics and qualifies as product in accordance with Article 8 of SFDR. The Sub-Fund aims to provide a medium/long-term capital growth by combining total return with a focus on environmental, social and governance (ESG) factors. To achieve this, the Sub-Fund will follow a flexible allocation strategy. The Sub-Fund will invest at least 80% of its assets in units of UCITS and/or other UCIs, including Exchange Traded Funds (ETF’s) which mainly invest in equity securities and derivatives thereof and/or transferable debt securities and derivatives thereof that meet the Investment Manager’s ESG/Sustainability criteria such as scores and/or ratings established and/or provided by internationally accredited agencies and providers such as Morningstar or Bloomberg indicatively but not exclusively.

For the quarter ending 31/12/2025, (LF) Fund of Funds – Next Gen Focus (Eurobank class) returned +2.50%. During the period, major equity markets rallied. MSCI Europe gained the most with +5.91%, MSCI Japan gained +3.28%, MSCI AC World returned +2.95% and MSCI US +2.04% in Euro terms. Outside of the developed markets, Frontier Markets outperformed with the MSCI Frontier Markets gaining +5.98% while MSCI EM rose +4.25% in Euro terms. The USD slightly weakened against the Euro (-0.08%)% during the same period, with the ECB Ref. set at 1.175 on 31/12.

For the quarter, (LF) Fund of Funds – Next Gen Focus had an average equity exposure of 87.65%, with a maximum exposure of 90.0% in December and a minimum of 81.8% in November. By year-end, the equity exposure was at 88.2%. Average effective allocation in North American equities was 43.4%, 29.2% in Europe and 2.6% in Japan, while approximately 12.4% was the equity exposure in all other regions. During the period, the sub-fund had an average cash exposure of 12.35%.