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 29/9/2025, (LF) Fund of Funds – Next Gen Focus (Eurobank class) returned +5.94%. 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. Outside of the developed markets, Frontier Markets outperformed with the MSCI Frontier Markets gaining +13.84%. MSCI EM gained +9.53% and MSCI BRIC gained +8.62% 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 – Next Gen Focus had an average equity exposure of 87.16%, with a maximum exposure of 88.1% in July and a minimum of 85.2% in September. By quarter-end, the equity exposure was at 85.2%. Average effective allocation in North American equities was 38.3%, 34.0% in Europe and 3.0% in Japan, while approximately 11.8% was the equity exposure in all other regions. During the period, the sub-fund had an average cash exposure of 12.84%.