SANTANDER AM LATIN AMERICA EQUITY OPPORTUNITIES "A" August 2021 Fund Overview Investment Policy

SANTANDER AM LATIN AMERICA EQUITY OPPORTUNITIES "A" August 2021 Fund overview Investment policy

Santander AM Latin American Equity Opportunities generates returns through a broad exposure to Latin American equity markets. The Sub-Fund focuses on companies which combine an attractive trade-off between low valuations and Fund Manager Luciano Buyo high returns to shareholders. Diversification will be achieved through bottom-up stock selection. The Fund is unconstrained regarding company size, country ISIN LU0341650173 and sector. The Sub-Fund may use derivatives and other UCI to reduce the Launch Date 16/04/2008 risk or for efficient portfolio management. Currency Class USD Minimum Subscription $ 6,000.00 Management Fee 1.75% NAV 77,52 $ Cumulative performance (%)¹ Fund AUM $60,67M Number of holdings 66 1M 3M 6M YTD 1Y Inception* BMK MSCI Latam 10/40 Fund 0.01 -1.70 14.20 3.77 29.61 -1.43 Category Latin America General Equity BMK -1.91 -0.19 16.56 5.33 34.74 0.66 Fund Company Santander AM Lux Annualized return*

Annual performance (%)¹ Fund statistics* Fund BMK 2021 2020 2019 2018 2017 2016 Volatility (%) 33.38 33.37 Fund 3.77 -21.35 15.56 -6.54 23.25 22.64 Sharpe Ratio -0.04 0.08 BMK 5.33 -13.78 17.55 -6.48 23.74 31.04 Information Ratio -0.76 Beta 0.99 R2 0.97 Alpha (%) -4.03 Annual volatility (%)¹ Jensen Alpha (%) -4.05 Correlation 0.99 2021 2020 2019 2018 2017 2016 Treynor Ratio -0.01 Fund 21.45 48.56 19.50 24.10 19.74 27.49 Tracking Error (%) 5.41 BMK 23.08 47.91 20.04 24.19 18.42 28.25

* Calculation period 3 years. Data calculated using daily values. 5 year cumulative performance

Monthly performance (%)¹ Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2021 -6.57 -2.75 4.59 2.90 7.94 3.42 -4.96 0.01 - - - - 3.77 2020 -5.44 -12.90 -39.55 6.87 6.04 7.45 9.85 -5.44 -5.85 -1.93 21.65 11.21 -21.35 2019 13.61 -4.58 -4.02 1.30 -1.64 5.82 0.49 -6.63 1.84 4.49 -4.24 10.18 15.56 2018 13.31 -3.02 -2.92 -0.58 -12.87 -5.07 10.63 -8.64 3.70 3.67 -1.40 -0.54 -6.54 2017 8.46 4.25 1.31 0.09 -3.45 1.28 7.16 4.67 2.19 -3.89 -3.31 3.20 23.25 2016 -4.03 2.04 15.83 4.75 -9.44 10.29 6.59 0.63 -0.37 10.00 -11.65 -0.50 22.64

¹ Performance calculated net of fees.

Pag. 1 Portfolio Breakdown

Top 10 holdings (%) 47.49 Geographic breakdown (%) Vale S.A. 8.71 Brazil 62.38 Itau Unibanco Holding S.A. 6.68 Mexico 26.98 Banco Bradesco S.A. 6.59 Chile 4.58 America Movil SAB De CV 5.95 Argentina 1.69 Petroleo Brasileiro SA 5.47 Luxembourg 1.33 Grupo Mexico S.A.B. De C.V. 3.25 Peru 0.00 Magazine Luiza S.A. 3.02 Cash 3.04 CEMEX SAB De CV 2.90 Banco BTG Pactual S.A. 2.56 Arca Continental SAB De CV 2.36

Sector breakdown % Currency allocation (%) Financials 24.48 BRL 53.02 Basic Materials 17.35 USD 21.98 Consumer Discretionary 14.16 MXN 21.13 Energy 8.84 CLP 3.66 Industrials 8.27 EUR 0.19 Telecommunications 5.95 Others 0.02 Consumer Staples 4.40 Health Care 3.98 Utilities 3.77 Others 8.79

This document is intended to provide information that summarizes the main characteristics of the product and under no circumstances constitutes a contractual agreement, a recommendation, personalized advice, an offer or solicitation. It is recommended that the KIID (Key Investor Information Document) is consulted before taking any investment decision, subscribing or purchasing shares or redeeming investments and the countries where the product is registered for sale: www.santanderassetmanagement.lu or via authorised intermediaries in your country of residence. It has not been proven that the data contained in this document meet marketing requirements of all countries of sale as it is an information and not a marketing document. This shares of this product may not be directly or indirectly offered or sold in the United States of America or to or for the benefit of a United States Person.

This fund has a prospectus which is drafted in English and can be obtained from www.santanderassetmanagement.lu

For product information, please contact SANTANDER ASSET MANAGEMENT LUXEMBOURG S.A. (6, route de Treves, L-2633 Senningerberg - Grand Duchy of Luxembourg) Management Company under the supervision of Commission de Surveillance du Secteur Financier (CSSF). The Depositary entity and administrator of the funds is JP Morgan Bank Luxembourg S.A. (6, route de Treves, L-2633 Senningerberg - Grand Duchy of Luxembourg).

Investment in mutual funds or other financial products mentioned herein may be subject to investment risks: market risk, credit risk, issuer and counterparty risk, liquidity risk, foreign currency risk and, where applicable, risks pertaining to emerging markets. Additionally, if funds hold their investments in hedge funds, assets, real estate funds, commodities and private equity, it should be noted that these can be subject to valuation and operational risks inherent in these type of assets and markets as well as the risk of fraud or risk derived from investing in unregulated or unsupervised markets or unlisted assets.

Past performance is not indicative of future results. Returns are calculated on a net asset value basis, net of fees and are annualized for periods longer than one year.

It should be clearly understood that any mention of tax depends on the individual circumstances of each investor and may change in the future. It is advisable to seek personalized advice regarding this. The distributor and other financial intermediaries may receive up to 85% of the fund management fee without incurring any additional cost to the customer.

Accounting or market information included in this document has been compiled from sources which SANTANDER ASSET MANAGEMENT LUXEMBOURG S.A. considers reliable but has not confirmed or checked for accuracy or completeness. SANTANDER ASSET MANAGEMENT LUXEMBOURG S.A. assumes no responsibility for any use of the information contained herein.