EG SWISS EQUITIES FUND (Fund under Swiss Law for Qualified Investors) Monthly Report - August 2019

Fund Facts Track Record

Launch Date 1st January 2009

Portfolio Manager Peter Handschin, since May 2016 250 EG Swiss Fund Size CHF 31.5 Mio. 200 Benchmark Currency CHF Fund Domicile Switzerland 150 Fund Legal Structure Q.I. Fund NAV CHF 54.80 100 ISIN CH 0047783029 Management Company Gutzwiller Fonds Management AG 50 1 Benchmark SLI Perform TR Index 0 Reinvestment fund Accumulating Liquidity Daily if requested TER 1.77%

Calendar Return (%)

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 YTD

EG Swiss Equities 17.5 -3.3 -33.7 21.3 -0.6 -9.2 16.9 21.0 11.0 -0.7 -2.5 20.8 -12.1 14.6 SLI Perform TR¹ 15.8 -3.4 -34.8 18.3 -1.7 -7.8 14.9 20.2 9.5 -1.8 -3.5 20.7 -11.9 19.5 ¹ On May 1, 2016 Strategy and Benchmark have changed. Benchmark performance prior to May 1, 2016 is that of the SMI. Portfolio Character Performance EG Swiss EG Swiss SLI Perform TR Index 1 Number of Positions 29 MTD -0.5% -1.2% Volatility 3 Years annulized 10.3% YTD 14.6% 19.5% Tracking Error 1 Year 5.6% Beta 0.81 1 Year 4.8% 4.3% 3 Years p.a. 5.3% 9.1% 5 Years p.a. 3.5% 4.1% 10 Years p.a. 5.5% 5.5%

Holdings Weighting (top 15) Manager Report

Givaudan SA 7.2% EG Swiss Equities Fund was down 0.5% in August, with SLI TR down 1.2%. Medacta Group Schindler Holding AG 7.1% AG, Forbo Holding and Bell Group were the biggest underperformers, but their financials are EMS-Chemie Holding AG 6.5% sound and we will continue to hold. Idorsia AG was the biggest contributor, outperforming the Chocoladefabriken Lindt & Spru 6.5% benchmark by 30%. ‎Other strong contributors were Siegfried Holding AG, where we are Barry Callebaut AG 6.4% Lonza Group AG 5.0% considering increasing our exposure, and Burkhalter Holding AG (6% above). We reduced our

Kuehne + Nagel International A 4.9% exposure in Landis Gyr Group by 25% and Kuehne Nagel AG by 10%, both dropping below Warteck Invest AG 3.9% the 5% threshold. All our other holdings remain unchanged. Despite recession fears, we Straumann Holding AG 3.7% believe the the fund remains well positioned overall. Stadler Rail AG 3.5% Forbo Holding AG 3.4% Arbonia AG 2.9% Geberit AG 2.9% DKSH Holding AG 2.7% Idorsia Ltd 2.6%

Sector Weighting Fund & Style

Information Technology 4.5% The aim of EG Swiss Equities Style Materials 13.8% (CHF) is too provide long-term Consumer Discretionary 4.8% growth of capital and constitute a Large Health Care 15.1% diversifying investment vehicle by Industrials 33.8% Mid Size Consumer Staples 14.9% investing in what the manager considers the best swiss industries. Financials 2.5% Small Real Estate 6.2% beyond the commnon existing benchmark compositions, Value Blend Growth excluding Nestlé, Novartis, Roche Risk & Reward Profil

Number of Holdings 29 EG Swiss is assigned to category 5 Top 10 Holdings 54.8% Top 20 Holdings 81.5% Cash 4.9% lower risk typically lower rewards higher risk typically higher rewards

This publication is for information purposes only an does not constitute an offer, solicitation or recommendation to buy or sell shares or of the fund/fund units or any investment instruments. Furthermore every investor is recommended to seek legal and fiscal advice before taking any investment decision. Investments in a product should only be made following a thourough study of the current fund contract and annual report. The information contained in this document has been drawn from sources deemed reliable. However, the accuracy or completeness of the information cannot be guaranteed. Past performance is not a reliable indicator of future performance. Performance does not take into account any commissions and costs charged when shares of the fund are

issued or redeemed. In particular, the preservation of the invested capital is our main objective but cannot be guaranteed.

GUTZWILLER FONDS MANAGEMENT AG – KAUFHAUSGASSE 5 – 4051 BASEL – SWITZERLAND TEL +41 205 70 00 – FAX +41 61 205 70 01 – WWW.GUTZWILLER-FUNDS.COM