GR Aktien Schweiz -R- 31 August 2021

Investment Policy Market environment, performance analysis and portfolio activity The fund invests into equity securities of companies which are Most equity indices continued their winning streak in August as the vast majority of corporate earnings part of the Swiss Performance Index (SPI). Stock selection is beat expectations. Aside a lot of companies got more upbeat regarding their prospects for FY21 and based on a bottom-up research process which also includes raised their guidance accordingly. Currently the market remains in a “goldilocks” status as bond yields sustainability criteria’s (ESG). Core investments consist of high- retracted from their spring high anticipating some slowdown in the pace of the economic recovery in the quality companies which generate high levels of free cash next couple of months. Moreover, inflation is seen as temporary and the Fed remains dovish and reluctant flow and are reasonably priced. The fund consists of 35-45 to scale back its expansionary monetary policy. The SPI Total Return Index increased too in August. The companies. relative monthly performance has been positively impacted by overweighted Sensirion, Comet and Alcon as well as by underweighted Cembra and Adecco. Negatively affected was the relative performance by overweighted Klingelnberg, SFS Group and Dätwyler as well as by underweighted Lonza and Credit Suisse. In August, we added to Kühne+Nagel and Richemont while reducing Sensirion, Comet and Geberit.

Fund Information Performance indexed (Basis 100) Fund Managers Martin Würmli Adrian Peter 190 Custodian Bank Privatbank 180 Von Graffenried AG 170 Fund Management 1741 Fund Solutions AG 160 Fund Domicile / Distribution License Switzerland Inception Date 04 June 2009 150 140 ISIN CH0215602852 130 Valor 21560285 30.4% 30.6% Bloomberg Ticker GRAKSCR SW 120 1 19.9% 19.8% 19.7% Morningstar Rating  110 18.2% 4.6% 3.8% ESG-Rating (Inrate) B 100 Benchmark SPI TR -7.9% -8.6% 90 Management Fee p.a. 1.10% Custodial Fee p.a. 0.10% 80 TER p.a. 1.21% 2017 2018 2019 2020 2021 Redemption Fee — GR Aktien Schweiz (Fund) Annual Performance Fund (FBO the fund) 0.50% — SPI Total Return Fund Currency CHF Annual Performance SPI TR (Benchmark) Net Asset Value 327.84 Fund Assets (in Mio.) 109.7 Performance Distribution 3.40 in % YTD 1 Mo 3 Mo 6 Mo 1 Y 2 Y 3 Y 5 Y 10 Y Last Distribution 21. April 2021 Fund 19.75 2.84 9.55 21.23 26.00 33.86 49.18 78.18 200.33 SPI TR 19.66 2.37 8.72 21.42 25.98 32.23 48.48 78.87 215.84 Subscription/Redemption daily until 3:00 pm Contact +41 31 320 51 61 Breakdown by Sectors Top 10 Individual Holdings 1 3 Years Health Care 32.4% 1 Nestlé SA 17.1% Key Figures Food & Beverage 18.4% 2 Roche Holding AG 15.5% 1 year 3 years Financial Services 13.7% 3 Novartis AG 10.1% Alpha -0.32% 0.38% Industrial & Services 11.0% 4 Zurich Insurance Group AG 3.8% Beta 1.01 0.99 Construction 7.3% 5 UBS Group AG 3.3% Correlation 1.00 1.00 Chemicals 5.7% 6 Cie Financière Richemont SA 3.2% Volatility p.a. 12.84% 12.19% Technology 4.1% 7 ABB Ltd 3.1% Sharpe Ratio 2.08 1.23 Consumer Goods 3.7% 8 Sika AG 2.9% Tracking Error p.a. 1.05% 0.97% Other 1.8% 9 Alcon AG 2.8% Information Ratio 0.02 0.16 Liquidity 2.0% 10 Lonza Group AG 2.8%

For marketing and informational purposes: prospectus, key investor information and the annual and semi-annual reports of the "Von Graffenried Fonds" can be requested for free at Privatbank Von Graffenried AG, Marktgass-Passage 3, Postfach, 3001 Bern and at 1741 Fund Solutions AG, Burggraben 16, 9000 St. Gallen, or at www.1741group.com.

Investments in a product should only be undertaken after having carefully studied the current prospectus. Units of the "Von Graffenried Fonds" may not be offered, sold or delivered within the United States. The information provided herein is neither an offer nor a solicitation to buy or sell any securities or related financial instruments. Past performance is not a reliable indicator of future results. The performance shown does not include any commissions and costs incurred when subscribing and redeeming units. Commissions and costs have negative impact on the performance. This information neither takes account of the specific or future investment objectives, or of the tax or financial situation or the particular needs of any specific recipient. The information in this document is provided without any warranty or guarantee. It is for information purposes only and is intended solely for the recipient's personal use.