Mosaique Conservative EUR QUARTERLY REPORT I JULY 2023 Rothschild & Co WM Fund (SICAV SIF) This is not a promotion or solicitation of the Rothschild & Co WM SICAV SIF – Mosaique Conservative EUR,

Mosaique Equity USD QUARTERLY REPORT I JULY 2023 Rothschild & Co WM Fund (SICAV UCITS) This is not a promotion or solicitation of the Rothschild & Co WM SICAV UCITS – Mosaique Equity USD, which is

50 60 70 80 90 100 110 15-Jun-21 15-Dec-21 15-Jun-22 15-Dec-22 15-Jun-23 H2C certificate Solactive Hydrogen Economy Hydrogen Certificate (H2C) Strategy Thematic global equity exposure to best capture

Portfolio manager’s commentary Global equities hit fresh 2023 highs Stock market participation continued to broaden as a wider cyclical rally pushed global equities to fresh year-to-date highs.

YTD 2023 Cumulated Annualised Cumulated Annualised Strategy 8.9% 14.9% 5.3% 54.3% 6.6% Gold 8.7% 11.8% 4.3% 47.1% 5.9% Since Fund Launch (Nov20) Since Strategy Launch (Oct16) 1200 1400 1600 1800 2000

LongRun Equity Fund – USD KEY FEATURES Long-term, fundamental equity strategy, using a corporate investing approach to understand, value and select companies. Fundamental unconstrained equities ▪

YTD 2023 Cumulated Annualised Cumulated Annualised Strategy 12.5% 18.7% 5.9% 59.4% 6.8% Gold 12.2% 15.5% 4.9% 51.9% 6.1% Since Fund Launch (Nov20) Since Strategy Launch (Oct16) 1200 1400 1600 1800

PAYSD'ENREGISTREMENT FR AT BE CH DE ES IT LU NL PERFORMANCESANNUALISÉES(%) ISIN Valeur liquidative Actifs sous gestion FR0010807123 1394,68 € 2652,79 M€

SHARP Bench. Ann. Return 5.5% 5.4% Ann. Volatility 7.4% 9.4% Sharpe Ratio 0.5 0.4 Max. Drawdown -14.2% -19.7% 80 100 120 140 160 180 12/16 05/18 09/19 02/21 06/22 11/23 Benchmark SHARP SHARP UCITS

LongRun Swiss Small & Mid-Cap Fund – CHF MONTHLY FULL YEAR JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC FUND BENCHMARK DIFFERENCE 2023 9.8 2.4 2.4 0.5 0.3 3.5 -0.2 -2.5 -4.6 -6.4 11.4 16.4 3.9