YTD 2023 Cumulated Annualised Cumulated Annualised Strategy 14.9% 21.2% 6.4% 62.8% 7.0% Gold 14.6% 17.9% 5.5% 55.1% 6.3% Since Fund Launch (Nov20) Since Strategy Launch (Oct16) 1200 1400 1600 1800

COUNTRYOFREGISTRATION FR CH ES LU ANNUALISEDPERFORMANCE(%) ISIN Net Asset Value AuM LU1302867715 1399,91 S₣ 790,57 M€ Thecompany'sinvestmentobjectiveistoachievelong-termcapital

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 ▪

CARACTÉRISTIQUES CLÉS Stratégie d'actions à long terme basée sur des fondamentaux, utilisant une approche d'investissement d'entreprise pour comprendre, évaluer et sélectionner des sociétés. Mise en

Investment review – EUR Third quarter 2022 Global equities fell by 0.6% in EUR terms, somewhat helped by a decline in the euro against the dollar. In US dollar terms, equities fell by 6.8% to a fresh

Monthly Market Summary November 2022 1 | Rothschild & Co Wealth Management | Monthly Market Summary | November 2022 Summary: Stocks and bonds rally as inflation fears subside Capital markets

Portfolio manager’s commentary Portfolio trimmed losses despite volatile month Following a tough start to the year, capital markets continued to struggle in June and over the quarter. Over the month,

The economic mist clears MARKET PERSPECTIVE I DECEMBER 2022 We’ve noted often how markets can seem callously indifferent to wider humanitarian concerns, focusing narrowly on the bottom lines of

Portfolio manager’s commentary Portfolio ends an eventful year on a weak note Risk appetite abated and markets fell in December despite a better-than-expected US inflation print and easing inflation

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