GLOBAL HIGH LU0956611494

The Fund aims to provide a medium/long-term capital growth by providing an aggressive, balanced investment exposure to various asset classes through units of UCITs and/or other UCIs that may invest in cash, bonds, equities, property and commodities. In addition, the Fund may and will at times invest directly in bank deposits and money market instruments.

For the quarter ending 30/3/2026, (LF) Fund of Funds - Global High (Eurobank class) returned -3.86%. 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 - Global High had an average equity exposure of 73.98%, with a maximum exposure of 76.8% in March and a minimum of 71.8% in February. Average effective allocation in North American equities was 45.7%, 11.7% in Europe and 4.4% in Japan, while approximately 12.3% was the equity exposure in all other regions. The average exposure in bonds was 11.17%, ranging between 10.5% and 11.9% with an average effective duration of 6.3 years, while 7.0% was allocated in sovereign, and 4.2% in corporate bonds. The sub-fund had an average commodities exposure of 2.58%, During the period, the sub-fund had an average cash exposure of 12.27%.