Santander Select Moderate

SANTANDER SELECT MODERATE "A" August 2021 Fund Overview Investment Objective Santander Select Moderate aims to provide returns investing at least 70% in a diversified portfolio of Fixed Income, Equity and Absolute Return UCITS and UCI with daily NAV. Minimum exposure to Equities is 20%, with a 30% neutral Stefano Amato stance, and a maximum allocation of 40%.; Minimum exposure to Fixed Income is 40% with a neutral allocation of 60% and a maximum allocation of Managers Michalis Charalambous 80%; Absolute Return Funds’ weight can rise up to 20% of the total portfolio ISIN LU0781563928 with a 10% neutral allocation. Currency exposure is limited to 30% of the total portfolio. Launch Date 12/06/2012 Currency Class EUR Minimum Subscription € 500.00 Management Fee 1.50% Cumulative performance (%)¹ NAV 137,35 € Fund AUM €246.52M 1M 3M 6M YTD 1Y Inception* Number of holdings 21 Fund 0.83 2.95 4.59 4.45 7.53 3.51

Annualized return*

Fund statistics* Annual performance (%)¹ Fund Volatility (%) 6.23 2021 2020 2019 2018 2017 2016 Sharpe Ratio 0.41 Fund 4.45 -2.03 9.72 -5.74 2.57 0.96 Information Ratio -0.84 Beta 0.89 R2 0.75 Alpha (%) -2.15 Jensen Alpha (%) -2.12 Correlation 0.87 Treynor Ratio (%) 0.03 Tracking Error 3.18

* 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 0.21 -0.33 1.87 -0.20 -0.07 1.36 0.74 0.83 - - - - 4.45 2020 0.28 -2.96 -7.88 2.44 0.98 1.56 -0.04 1.09 0.05 -0.56 2.95 0.52 -2.03 2019 2.42 1.51 1.24 1.28 -1.67 2.02 1.32 0.04 0.56 -0.25 0.59 0.32 9.72 2018 0.43 -1.46 -0.95 0.95 0.23 -0.55 0.68 -0.31 0.01 -2.22 -0.63 -2.01 -5.74 2017 -0.44 1.31 0.32 0.62 0.18 -0.77 -0.12 -0.27 0.96 1.33 -0.61 0.04 2.57 2016 -2.90 -0.75 1.10 0.41 1.11 -1.10 1.75 0.66 -0.33 -0.42 -0.02 1.55 0.96

¹ Performance calculated net of fees.

Pag. 1 Portfolio breakdown

Top 10 holdings (%) 74.26 Top 5 Contributors (%) Contribution Weight Xtrackers S&p 500 Swap Ucits Etf Capitalisation 1c 13.63 Xtrackers S&p 500 Swap Ucits Etf Capitalisation 0.50 13.63 Amundi Index Euro Corporate Sri Shs -ucits Etf Dr-capitalisation 9.14 Amundi S&p 500 Ucits Etf - Eur (c) 0.24 6.83 Spdr Bloomberg Barclays Euro Government Bond Ucits Etf 9.10 Lyxor Msci Europe (dr) Ucits Etf 0.13 6.53 Ishares Core Eur Corp Bond Ucits Etf 8.96 Xtrackers Msci Emerging Markets Ucits Etf 0.07 3.63 Amundi S&p 500 Ucits Etf - Eur (c) 6.83 S&p500 Emini Fut Equity Index 17/sep/2021 Esu1 0.07 2.33 Lyxor Msci Europe (dr) Ucits Etf 6.53 Bluebay Funds Sicav - Bluebay Investment Grade Euro Government Bond Fund 6.08Ieur- Morgan Stanley Investment Funds Sicav - Euro Corporate Bond Fund Capitalisation6.01 Z Top 5 Detractors (%) Contribution Weight Janus Henderson Horizon Euro Corporate Bond Fund 4.07 Lyxor Euro Government Bond (dr) Ucits Etf Acc -0.01 2.27 Nordea 1 Sicav - European Covered Bond Fund Capitalisation -bi-base Currency-3.91 Morgan Stanley Investment Funds Sicav - Euro -0.02 6.01 Amundi Index Euro Corporate Sri Shs -ucits Etf -0.04 9.14 Ishares Core Eur Corp Bond Ucits Etf -0.04 8.96 Spdr Bloomberg Barclays Euro Government Bond -0.05 9.10 Asset Allocation (%)

56.94% Fixed Income 56.94 Fixed Income European Corp. Bonds 39.81 European Govt. Bonds 17.13 37.55% Equity 37.55 Equity North America Equity 21.69 Europe Equity 7.27 5.51% Global Emerging Equity 4.32 Cash Japan Equity 3.31 Asia Pacific ex Japan Equity 0.96 Cash 5.51 Cash 5.51

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.