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 ●

03 STRATEGY & CIO The key questions for 2023 09 INTERVIEW: TEL AVIV CALLING! A conversation with the Head of our new Israel office 06 PORTFOLIO MANAGEMENT How portfolios managed a challenging

Serious, not hopeless MARKET PERSPECTIVE I AUGUST 2024 We doubt whether the recent sell-off in stocks, and the latest geopolitical news, reflects a significant change in the investment outlook. The

COUNTRY OF REGISTRATION FR AT CH DE ES LU ANNUALISED PERFORMANCE (%) ISIN Net Asset Value AuM LU1302867392 2446,18 $ 831,8 M€ The company's investment objective is to achieve long-term capital

COUNTRYOFREGISTRATION FR CH ES LU ANNUALISEDPERFORMANCE(%) ISIN Net Asset Value AuM LU1302867715 1425,35 S₣ 838,94 M€ Thecompany'sinvestmentobjectiveistoachievelong-termcapital

Mosaique Vermögensallokation AUGUST 2024 DAS MAKROÖKONOMISCHE SZENARIO: In der Allokationsausschusssitzung in diesem Monat haben wir festgestellt, dass die Ergebnisse der Parlamentswahlen in

SHARP Bench. Ann. Return 6.7% 6.5% Ann. Volatility 7.4% 9.2% Sharpe Ratio 0.62 0.48 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%

Asignación de activos Mosaique SEPTIEMBRE 2023 La economía más fuerte es Estados Unidos, donde parece que el crecimiento anualizado se ha acelerado visiblemente con la entrada en el tercer trimestre.

Mosaique Vermögensallokation JUNI 2023 Die konjunkturellen Risiken, mit denen sich die Märkte im Jahr 2022 auseinandersetzen mussten, haben nachgelassen, wobei die geopolitischen Risiken (Ukraine

02 STRATEGY & CIO Cyclical risk, structural change 12 INSIGHTS: ARTIFICIAL INTELLIGENCE The race to the future 08 PORTFOLIO MANAGEMENT How portfolios managed the first quarter of 2023 15