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

Sector / Stock Period Beat / Miss Comment Earnings quality Outlook Consumer Discretionary Amazon Q3-23 Beat Amazon reported Q3 23 results in line on the top and greatly ahead on the bottom line; the

YTD 2024 Cumulated Annualised Cumulated Annualised Strategy 16.2% 40.8% 9.8% 89.1% 8.6% Gold 16.7% 37.7% 9.1% 81.1% 8.0% Since Fund Launch (Nov20) Since Strategy Launch (Oct16) 1200 1400 1600 1800

SHARP Bench. Ann. Return 6.7% 6.6% Ann. Volatility 7.4% 9.2% Sharpe Ratio 0.63 0.50 Max. Drawdown -14.2% -19.7% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec SHARP 2024 0.2% 1.2% 3.2% -2.2% 2.5%

COUNTRYOFREGISTRATION FR AT CH DE ES LU ANNUALISEDPERFORMANCE(%) ISIN Net Asset Value AuM LU1302867392 2527,05 $ 836,1 M€ Thecompany'sinvestmentobjectiveistoachievelong-termcapital

COUNTRYOFREGISTRATION FR AT BE CH DE ES IT LU NL ANNUALISEDPERFORMANCE(%) ISIN Net Asset Value AuM FR0010807123 1506,06 € 3058,81 M€ R-co Conviction Credit Euro is invested in private corporate bonds

COUNTRYOFREGISTRATION FR AT BE CH DE ES IT LU NL ANNUALISEDPERFORMANCE(%) ISIN Net Asset Value AuM FR0010807123 1446,08 € 2799,28 M€ R-co Conviction Credit Euro is invested in private corporate bonds

40 50 60 70 80 90 100 110 06/21 12/21 06/22 12/22 06/23 12/23 H2C certificate Solactive Hydrogen Economy Hydrogen Certificate (H2C) Strategy Thematic global equity exposure to best capture the

COUNTRYOFREGISTRATION FR AT BE DE LU NL ANNUALISEDPERFORMANCE(%) ISIN Net Asset Value AuM FR0010680553 271172,05 € 283,11 M€ TheobjectiveoftheR-coThematicRealEstatesub-fundistoachieve,

Monthly Market Summary April 2024 1 | Rothschild & Co Wealth Management | Monthly Market Summary | April 2024 Summary: Market sentiment sours in April Global equities declined by 3.3% in April (USD