Portfolio Report Stabilized European Dividend Strategy

Performance 27.11.2020

Stabilized European Dividend Fund vs. Stoxx Europe 600 14 Indexed Performance 120 12 115 10 8 110 6 105 4 100 2 95 0 90 -2 85 -4 -6 80 -8 75 1 month ytd 1 year Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Stabilized European Dividend Fund STOXX Europe 600 Stabilized European Dividend Fund STOXX Europe 600 Composition Top Position Weight Sector Weights Relative Weights

Health Care EURO 12.5 Cash Technology Food & Beverage NESTLE SA-REG 4.1 Insurance Industrial Goods & Services CNP ASSURANCES 3.7 Oil & Gas Retail ROCHE HOLDING AG-GENUSSCHEIN 3.3 Automobiles & Parts Construction & Materials UNILEVER NV 3.0 Personal & Household Goods Basic Resources DEUTSCHE POST AG-REG 2.9 Chemicals Media SAP SE 2.9 Utilities Financial Services NOKIA OYJ 2.9 Banks Telecommunications GIVAUDAN-REG 2.8 Travel & Leisure Real Estate NOVO NORDISK A/S-B 2.7 0 2 4 6 8 10 12 14 -10 -5 0 5 10 15

Performance Report 01.12.2020 1 Portfolio Report Stabilized European Dividend Strategy Time frame 10/30/2020 to 11/27/2020

Top / Bottom Performance

OMV AG SX5E 12/18/20 P2750 FRAPORT AG FRANKFURT AIRPORT SX5E 12/18/20 P3250 TOTAL SE SX5E 03/19/21 P3050 CNP ASSURANCES SX5E 03/19/21 P3450 HUGO BOSS AG -ORD GIVAUDAN-REG DEUTSCHE LUFTHANSA-REG NESTLE SA-REG INDUSTRIA DE DISENO TEXTIL SWISS FRANC ROYAL DUTCH SHELL PLC-A SHS GALENICA AG ALLIANZ SE-REG EURO PROSIEBENSAT.1 MEDIA SE DANISH KRONE PEUGEOT SA BRITISH POUND HENNES & MAURITZ AB-B SHS ROCHE HOLDING AG-GENUSSCHEIN MOWI ASA SWISSCOM AG-REG SKANSKA AB-B SHS NORWEGIAN KRONE AVIVA PLC SWEDISH KRONA BOLIDEN AB NOVO NORDISK A/S-B BAYERISCHE MOTOREN WERKE AG LOGITECH INTERNATIONAL-REG ZURICH INSURANCE GROUP AG GEBERIT AG-REG ASM INTERNATIONAL NV RECORDATI INDUSTRIA CHIMICA RANDSTAD NV UNILEVER NV 0 10 20 30 40 50 60 -120 -100 -80 -60 -40 -20 0 20 Top / Bottom Contributors

TOTAL SE SX5E 12/18/20 P3250 CNP ASSURANCES SX5E 03/19/21 P3450 MOWI ASA NESTLE SA-REG PEUGEOT SA GIVAUDAN-REG OMV AG BRITISH POUND SX5E 12/18/20 P2750 GALENICA AG ALLIANZ SE-REG SWEDISH KRONA PROSIEBENSAT.1 MEDIA SE DANISH KRONE INDUSTRIA DE DISENO TEXTIL EURO SKANSKA AB-B SHS NORWEGIAN KRONE HUGO BOSS AG -ORD SWISS FRANC HENNES & MAURITZ AB-B SHS SWISSCOM AG-REG NOKIA OYJ LOGITECH INTERNATIONAL-REG BAYERISCHE MOTOREN WERKE AG SWEDISH MATCH AB RANDSTAD NV UNILEVER NV AIR LIQUIDE SA RECORDATI INDUSTRIA CHIMICA ASML HOLDING NV GEBERIT AG-REG UPM-KYMMENE OYJ ROCHE HOLDING AG-GENUSSCHEIN FRAPORT AG FRANKFURT AIRPORT NOVO NORDISK A/S-B AVIVA PLC ENDESA SA 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 -3.5 -3.0 -2.5 -2.0 -1.5 -1.0 -0.5 0.0 0.5

Performance Report 01.12.2020 2