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 29/9/2025, (LF) Fund of Funds - Balanced Blend US (Eurobank class) returned +3.96%. During the period, major equity markets rallied. MSCI US gained the most with +7.40%, MSCI AC World gained +6.80%, MSCI Japan returned +6.02% and MSCI Europe +2.73% in Euro terms. In the bond markets, ICE BofAML US Broad Market gained +2.07%, ICE BofAML Global Broad Market gained +0.61% and ICE BofAML EUR Broad Index gained +0.15% in Euro terms. The Dollar depreciated against the Euro dropping by -0.03% during the same period, with the ECB Ref. set at 1.1723 on 29/9.

For the quarter, (LF) Fund of Funds - Balanced Blend US had an average equity exposure of 50.91%, with a maximum exposure of 51.9% in August and a minimum of 48.9% in September. The average exposure in bonds was 39.96%, ranging between 32.9% and 42.4% with an average effective duration of 5.0 years, while 6.8% was allocated in sovereign, and 33.2% in corporate bonds. During the period, the sub-fund had an average cash exposure of 9.13%.