BALANCED BLEND US LU1102789424

The Sub-Fund aims to achieve a medium/long-term capital growth by providing a moderate, balanced investment exposure to various asset classes with a US focus including equities, bonds, property, commodities and cash. The Sub-Fund will invest its assets primarily in units of UCITS and/or other UCIs. Also the Sub-Fund may invest up to 50% of its net assets, directly in bank deposits and money market instruments. Selection of the underlying funds is based on a quantitative and qualitative analysis on a frequent ongoing basis in order to contribute positively in the funds' objective. Liquidities, financial derivative and structured financial instruments, securities lending and repurchase agreements may be used in order to reduce the impact of market changes or changes in currency exchange rates on Sub-Fund's performance.

For the quarter ending 30/3/2026, (LF) Fund of Funds - Balanced Blend US (Eurobank class) returned -2.16%. During the period, most major equity markets retreated. MSCI Japan gained +2.46%, MSCI AC World lost -1.40%, MSCI Europe returned -1.49% and MSCI US -2.71% 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. 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 US had an average equity exposure of 49.24%, with a maximum exposure of 51.4% in December and a minimum of 47.8% in March. Average effective allocation in North American equities was 48.3%, 0.6% in Europe and 0.0% in Japan, while approximately 0.4% was the equity exposure in all other regions. The average exposure in bonds was 44.62%, ranging between 42.2% and 48.5% with an average effective duration of 4.8 years, while 11.9% was allocated in sovereign, and 32.7% in corporate bonds. During the period, the sub-fund had an average cash exposure of 6.14%.