26 October, 2020 Pictet- Digital P EUR This fund is managed by Pictet Asset Management (Europe) S.A. EFC Classification Equity Global Telecommunication Price +/- Date 52wk range 402.32 EUR -1.30 23/10/2020 278.21 414.15

Issuer Profile Administrator Pictet Asset Management (Europe) S.A. The Compartment may invest up to 30% of its net assets in China A Shares through (i) the Address 15, avenue J.F. Kennedy 1855 QFII quotagranted to an entity of the Pictet Group, (ii) the RQFII quota granted to an entity of the Pictet Group (iii)the Shanghai-Hong Kong Stock Connect programme, City Luxemburg Tel/Fax +352 467 171-1 Website www.assetmanagement.pictet Chart 5 year

General Information ISIN LU0340554913 Fund Type Capitalization 400 Quote Frequency daily Quote Currency EUR Currency USD 350 Foundation Date 13/11/1997 Fund Manager Sylvie Sejournet 300 Legal Type Investment company according to Luxembourg law UCITS Yes 250 Financial Year End 30/09/2020 Fund size 546,068,864.70 EUR Minimal Order 200

Costs 150 Entry fee 5.00 % 2016 2017 2018 2019 2020 Exit fee 3.00 % vwdgroup: Operation costs 1.60 % 38 Days 200 Days Ongoing charges 2.00 %

Fund Returns 2015 2016 2017 2018 2019 2020 Returns 18.71 11.57 20.38 -2.82 27.70 14.34 Category Average 11.74 -0.78 3.53 -6.09 20.13 -0.70 Category Ranking 5 / 61 10 / 72 16 / 84 19 / 84 43 / 101 19 / 104 30

20 s e u

l 10 a V

0

-10 2015 2016 2017 2018 2019 2020

Returns Category Average

Fund Ratios (end previous month) Timing YTD 1 month 6 months 1 year 3 year 5 year Performance Pictet- Digital P EUR 12.38 % -2.05 % 29.39 % 18.11 % 13.41 % 16.18 % Volatility Pictet- Digital P EUR 20.34 % 16.55 % 15.35 % 26 October, 2020 Pictet- Digital P EUR This fund is managed by Pictet Asset Management (Europe) S.A. EFC Classification Equity Global Telecommunication Price +/- Date 52wk range 402.32 EUR -1.30 23/10/2020 278.21 414.15

Participations (30/09/2020)

Mail.ru Group Sberbank pref MMC Norilsk NickeMl ail.ru Group Participation Percentage Sberbank pref Sberbank pref 5.64 % MMC Magnit 4.39 % 4.14 % Magnit 3.89 % Lukoil Magnit 3.58 % TCS 3.57 % 3.47 % Yandex Tatneft Lukoil 3.31 % Yandex MMC Norilsk Nickel 3.08 % Tatneft Mail.ru Group 3.01 % TCS Gazprom TCS NOVATEK Gazprom NOVATEK Geographical composition (30/09/2020)

Cyprus Turkey Cyprus Hungary Country Percentage Turkey Czech Republic 69.84 % Hungary Other Poland 8.21 % Czech Republic Kazakhstan Greece 5.79 % Other Greece Kazakhstan 4.80 % Kazakhstan Poland Other 3.72 % Greece Czech Republic 2.89 % Poland Hungary 2.71 % Turkey 2.03 % Cyprus 0.02 % Russia Russia

Sector composition (30/09/2020)

Real Estate Industrials Real Estate Utilities Financials Industrials Other Utilities Financials Consumer Staples Other Materials Consumer Staples Sector Percentage Materials Financials 26.34 % Consumer Discretionary Energy 25.74 % Telecommunication Services 15.81 % Consumer Discretionary Consumer Discretionary 7.73 % Materials 7.53 % Consumer Staples 5.28 % Telecommunication Services Energy Other 3.72 % Telecommunication Services Energy Utilities 2.61 % Industrials 2.37 % Real Estate 1.77 %