R-co Thematic Target 2026 HY (formerly R-co TARGET 2021 NAGELMACKERS) Open-ended investment fund (SICAV)

29, avenue de Messine 75008

Statutory Auditor’s report on the annual financial statements (Period ended 31 December 2020)

R-co Thematic Target 2026 HY (formerly R-co TARGET 2021 NAGELMACKERS) Open-ended investment fund (SICAV)

29, avenue de Messine 75008 Paris

Statutory Auditor’s report on the annual financial statements

Period ended 31 December 2020

To the General Meeting,

Opinion

In accordance with the assignment entrusted to us by your board of directors, we audited the annual financial statements of the R-co Thematic Target 2026 HY undertaking for collective investment (formerly R-co TARGET 2021 NAGELMACKERS), established in the form of an investment fund with variable capital (SICAV), for the financial year ended 31 December 2020, as attached to this report. We certify that, in accordance with French accounting rules and principles, the annual financial statements are consistent and accurate and present a true and fair view of the results of the operations for the past accounting period and of the SICAV’s financial situation and assets and liabilities at the end of said period.

Basis of the opinion

Audit reference standard We conducted our audit in accordance with the generally accepted auditing standards in . We believe that the audit evidence we have obtained provides a sufficient and appropriate basis for our audit opinion.

Our responsibilities according to these standards are described in the section “Statutory auditor’s responsibilities for the audit of the annual financial statements” of this report.

Independence We carried out our audit assignment in accordance with the independence rules set out in the French Commercial Code and the Code of Ethics for the Statutory Auditor profession, for the period from 1 January 2020 to the date of issue of our report.

Basis for our assessments

The global crisis resulting from the COVID-19 pandemic creates special conditions for the preparation and audit of the financial statements for this financial year. This crisis and the exceptional measures taken in the context of the state of public health emergency have multiple consequences for the funds, their investments and the valuation of their assets and liabilities. Some of these measures, such as travel restrictions and remote working, have also had an impact on the operational management of the funds and the performance of the audits. In this complex and evolving context, in application of the provisions of Articles L. 823-9 and R. 823-7 of the French commercial code concerning the basis for our assessments, we hereby inform you that, in our professional judgement, the most significant assessments that we conducted pertain to the appropriateness of the accounting principles applied, in particular as regards the financial instruments in the portfolio and the overall presentation of the financial statements, in view of the accounting system applicable to open-ended undertakings for collective investments. These assessments contributed to the audit of the annual financial statements, taken as a whole, and to the formation of our opinion expressed above. We do not express an opinion on items in these annual financial statements viewed in isolation.

Specific verifications

We also performed the specific verifications required by the applicable laws and regulations in accordance with the professional standards applicable in France.

Information provided in the annual report and other documents on the financial position and the annual financial statements sent to shareholders We have no matters to report regarding the fair presentation and consistency with the annual financial statements of the information given in the management report of the Board of Directors and in the other documents regarding the financial situation and the financial statements sent to the shareholders.

Corporate governance information We certify the existence of the information required by Article L. 225-37-4 of the French commercial code in the corporate governance section of the management report of the Board of Directors.

2 l R-co Thematic Target 2026 HY (formerly R-co TARGET 2021 NAGELMACKERS) | Statutory Auditor’s report on the annual financial statements | Period ended 31 December 2020

Responsibilities of management and members of the corporate governance body concerning the annual financial statements

Management is responsible for preparing annual financial statements presenting a true and fair view in accordance with French accounting rules and principles and implementing the internal controls that it deems necessary for the preparation of annual financial statements free of any material misstatements, whether due to fraud or error.

In connection with the preparation of the annual financial statements, Management is responsible for assessing the SICAV’s ability to continue its operations, providing information on matters relating to the continued operations, where this is relevant, and preparing financial statements on a going-concern basis, unless the management company intends to wind up the SICAV or discontinue its operations.

The annual financial statements were prepared by the board of directors.

Statutory auditor’s responsibilities for the audit of the annual financial statements

It is our responsibility to prepare a report on the annual financial statements. Our goal is to obtain reasonable assurance that the annual financial statements taken as a whole do not contain any material misstatements. Reasonable assurance is a high level of assurance but is not a guarantee that an audit performed in accordance with the professional auditing standards will always detect any material misstatement. Misstatements may arise as a result of fraud or error and must be regarded as being material if it can reasonably be expected that they, individually or in the aggregate, will affect the financial decisions made by users of the financial statements on the basis of the financial statements.

As specified in Article L. 823-10-1 of the French commercial code, our role of certifying the financial statements is not to guarantee the viability or the quality of the management of your SICAV.

As part of an audit performed in accordance with the professional auditing standards applicable in France, the statutory auditor uses professional judgement throughout this audit. In addition:

• the statutory auditor identifies and assesses the risks that the annual financial statements contain material misstatements, whether due to fraud or error, and defines and implements audit procedures for such risks and collects evidence considered sufficient and appropriate to serve as the basis of its opinion. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting a material misstatement due to error, as fraud may involve conspiracy, forgery, deliberate omission, misrepresentation, or non-observance of internal controls;

• the statutory auditor obtains an understanding of the internal controls of relevance to the audit in order to design audit procedures that are appropriate in the circumstances, but not to express an opinion on the effectiveness of the internal controls;

• the statutory auditor assesses the appropriateness of the accounting methods used and the reasonableness of the accounting estimates made by Management, as well as the information concerning them provided in the annual financial statements;

3 l R-co Thematic Target 2026 HY (formerly R-co TARGET 2021 NAGELMACKERS) | Statutory Auditor’s report on the annual financial statements | Period ended 31 December 2020

• the statutory auditor assesses whether the accounting convention of going concern applied by Management is appropriate and, according to the collected evidence, whether there is any material uncertainty related to events or circumstances likely to call into question the SICAV’s ability to continue its operation. This assessment is based on the evidence collected up to the date of the statutory auditor’s report. However, subsequent circumstances or events could jeopardise the continuity of operations. If a material uncertainty is found, the statutory auditor must draw the attention of the readers of its report to the information provided in the annual financial statements about this uncertainty or, if such information is not provided or is not relevant, must express a qualified certification or a refusal to certify;

• the statutory auditor assesses the overall presentation of the annual financial statements and whether they reflect the underlying transactions and events so as to give a true and fair view.

Paris La Défense, 16 April 2021

The Statutory Auditor Deloitte & Associés

Olivier GALIENNE

4 l R-co Thematic Target 2026 HY (formerly R-co TARGET 2021 NAGELMACKERS) | Statutory Auditor’s report on the annual financial statements | Period ended 31 December 2020 R-CO THEMATIC TARGET 2026 HY

ANNUAL FINANCIAL STATEMENTS 31/12/2020 BALANCE SHEET – ASSETS AT 31/12/20 IN EUR

31/12/20 31/12/19

NET FIXED ASSETS 0.00 0.00 DEPOSITS 0.00 0.00 FINANCIAL INSTRUMENTS 31 350 528.35 20 549 960.11 Equities and similar securities 0.00 0.00 Traded on a regulated or similar market 0.00 0.00 Not traded on a regulated or similar market 0.00 0.00 Bonds and similar securities 31 350 528.35 18 392 881.75 Traded on a regulated or similar market 31 350 528.35 18 392 881.75 Not traded on a regulated or similar market 0.00 0.00 Debt securities 0.00 0.00 Traded on a regulated or similar market 0.00 0.00 Negotiable debt securities 0.00 0.00 Other debt securities 0.00 0.00 Not traded on a regulated or similar market 0.00 0.00 Undertakings for collective investment 0.00 2 157 078.36 UCITS and general-purpose AIFS for non-professionals and 0.00 2 157 078.36 equivalents in other countries Other funds for non-professionals and equivalents in other EU member 0.00 0.00 states General-purpose professional funds and equivalents in other EU 0.00 0.00 member States and listed securitisation special-purpose vehicles Other professional investment funds and equivalents in other EU member 0.00 0.00 States and non-listed securitisation special-purpose vehicles Other non-European organisations 0.00 0.00 Securities financing transactions 0.00 0.00 Receivables representing securities received under repurchase agreements 0.00 0.00 Receivables representing loaned securities 0.00 0.00 Borrowed securities 0.00 0.00 Securities delivered under repurchase agreements 0.00 0.00 Other securities financing transactions 0.00 0.00 Financial derivative instruments 0.00 0.00 Transactions on a regulated or similar market 0.00 0.00 Other transactions 0.00 0.00 Other financial instruments 0.00 0.00 RECEIVABLES 20 015.46 0.00 Foreign exchange forward transactions 0.00 0.00 Other 20 015.46 0.00 FINANCIAL ACCOUNTS 132 080.36 1 333 016.98 Cash and cash equivalents 132 080.36 1 333 016.98 TOTAL ASSETS 31 502 624.17 21 882 977.09

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 BALANCE SHEET – LIABILITIES AT 31/12/20 IN EUR

31/12/20 31/12/19

SHAREHOLDERS’ EQUITY Capital 30 851 678.91 21 568 685.72 Past net gains and losses not distributed (a) 0.00 0.00 Retained earnings (a) 387.10 1 522.17 Net gains and losses for the year (a,b) -83 782.88 -226 489.43 Profit (loss) for the year (a,b) 675 175.02 536 216.65 TOTAL EQUITY* 31 443 458.15 21 879 935.11 * Amount representing net assets

FINANCIAL INSTRUMENTS 0.00 0.00 Disposal transactions involving financial instruments 0.00 0.00 Securities financing transactions 0.00 0.00 Debts representing securities delivered under repurchase agreements 0.00 0.00 Debts representing borrowed securities 0.00 0.00 Other securities financing transactions 0.00 0.00 Financial derivative instruments 0.00 0.00 Transactions on a regulated or similar market 0.00 0.00 Other transactions 0.00 0.00 PAYABLES 59 166.02 3 041.98 Foreign exchange forward transactions 0.00 0.00 Other 59 166.02 3 041.98 FINANCIAL ACCOUNTS 0.00 0.00 Current bank facilities 0.00 0.00 Loans 0.00 0.00 TOTAL LIABILITIES 31 502 624.17 21 882 977.09 (a) Including equalisation

(b) Less interim payout during the period

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 OFF-BALANCE SHEET ITEMS AT 31/12/20 IN EUR

31/12/20 31/12/19

HEDGING TRANSACTIONS 0.00 0.00 Commitments on regulated or similar markets 0.00 0.00 Commitments on over-the-counter markets 0.00 0.00 Other commitments 0.00 0.00 OTHER TRANSACTIONS 0.00 0.00 Commitments on regulated or similar markets 0.00 0.00 Commitments on over-the-counter markets 0.00 0.00 Other commitments 0.00 0.00

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 INCOME STATEMENT AT 31/12/20 IN EUR

31/12/20 31/12/19

Income from financial transactions Income from deposits and financial accounts 8.01 2.56 Income from equities and similar securities 323.89 164.87 Income from bonds and similar securities 709 532.79 684 881.69 Income from debt securities 0.00 0.00 Income from securities financing transactions 0.00 0.00 Income from financial derivative instruments 0.00 0.00 Other financial income 0.00 0.00 TOTAL (1) 709 864.69 685 049.12

Expenses from financial transactions Expenses from securities financing transactions 0.00 0.00 Expenses from financial derivative instruments 0.00 0.00 Expenses from financial debts 1 675.09 134.78 Other financial expenses 0.00 0.00 TOTAL (2) 1 675.09 134.78

INCOME FROM FINANCIAL TRANSACTIONS (1 - 2) 708 189.60 684 914.34 Other income (3) 0.00 0.00 Management fees and provision for depreciation (4) 165 464.73 113 150.40

NET INCOME FOR THE PERIOD (L. 214-17-1) (1 - 2 + 3 - 4) 542 724.87 571 763.94 Income equalisation for the period (5) 132 450.15 -35 547.29 Interim income payout made during the period (6) 0.00 0.00

PROFIT OR LOSS (1 - 2 + 3 - 4 + 5 - 6) 675 175.02 536 216.65

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 NOTES TO THE ANNUAL FINANCIAL STATEMENTS

1. Accounting rules and methods

The annual financial statements are presented in the form prescribed by ANC regulation 2014-01, as amended.

The general principles of accounting apply: - true and fair view, comparability, going concern; - accuracy, reliability; - prudence; - consistency of accounting methods from one period to the next.

Revenues from fixed income securities are recognised on the basis of interest actually received.

Acquisitions and disposals of securities are recorded excluding charges. The reference currency for the portfolio’s accounting is the euro. The duration of the accounting period is 12 months.

Information about the impact of the Covid-19 crisis

The financial statements were approved by the Board of Directors based on the information available in the evolving context of the Covid-19 crisis.

Asset valuation rules

Financial instruments are recognised according to the historical cost method and included on the balance sheet at their current value, which is determined by the last-known market value or, if no market exists, by all external means or through the use of financial models. Differences between the current values used during the calculation of the net asset value and the historical costs of the securities upon their entry into the portfolio are recorded in “valuation differentials” accounts. Values that are not in the portfolio’s currency are assessed in accordance with the principle set forth below then converted into the portfolio’s currency according to the currency rates in effect on the day of the assessment.

Deposits:

Deposits with a remaining life of 3 months or less are valued according to the straight-line method.

Equities, bonds and other securities traded on a regulated or similar market:

For the calculation of the net asset value, equities and other securities traded on a regulated or similar market are valued on the basis of the day’s last market price. Bonds and similar securities are valued at the closing price relayed by various providers of financial services. Interest accrued on bonds and equivalent securities is calculated until the date of the net asset value.

Equities, bonds and other securities not traded on a regulated or similar market:

Securities not traded on a regulated market are valued under the responsibility of the Board of Directors using methods based on the asset value and the yield, taking into consideration the prices used in recent significant transactions.

Negotiable debt securities:

Negotiable debt securities and similar securities that are not the subject of significant transactions are valued on an actuarial basis based on a reference rate defined below, plus, where applicable, a differential representative of the issuer’s intrinsic characteristics:

- Negotiable debt securities with a maturity of 1 year or less: Euro interbank offered rate (Euribor);

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 - Negotiable debt securities with a maturity of more than 1 year: Rate of normalised annual interest treasury bonds (BTAN) or fungible treasury bonds (OAT) with similar maturity for the longest maturities.

Negotiable debt securities with a remaining life of 3 months or less may be valued according to the straight-line method.

Government bonds are valued at the market rate notified daily by Banque de France or Treasury bond specialists.

UCIs held:

Units or shares of UCIs will be valued at the last-known net asset value.

Securities financing transactions:

Securities received under repurchase agreements are recorded in assets in “receivables representing securities received under repurchase agreements” for the amount provided for in the contract plus accrued interest receivable.

Securities delivered under repurchase agreements are recorded in the long portfolio for their current value. Debt representing securities delivered under repurchase agreements is recorded in the short portfolio at the value set in the contract plus accrued interest payable.

Loaned securities are valued at their current value and are recorded in assets in “receivables representing loaned securities” at the current value plus accrued interest receivable.

Borrowed securities are recorded in assets in “borrowed securities” for the amount specified in the contract and in liabilities in “debts representing borrowed securities” for the amount specified in the contract plus accrued interest payable.

Financial derivative instruments:

Financial derivative instruments traded on a regulated or similar market: Financial derivative instruments traded on regulated markets are valued at the day’s settlement price. Financial derivative instruments not traded on a regulated or similar market:

Swaps:

Interest rate and/or currency swaps are valued at their market value based on the price calculated by discounting future interest flows at the market interest and/or currency rates. This price is corrected for the risk of non-repayment.

Index swaps are valued on an actuarial basis based on a reference rate provided by the counterparty.

Other swaps are valued at their market value or at a value estimated according to the methods established by the Board of Directors.

Off-balance sheet commitments: Forward contracts appear in off-balance sheet commitments for their market value at the price used in the portfolio. Options are converted into the underlying equivalent. Commitments on swaps are presented at their nominal value or, in the absence of a nominal value, for an equivalent amount.

Management fees

Management fees and running costs cover all costs related to the UCI: financial, administrative and accounting management, custodianship, distribution, audit fees, etc. These fees are charged to the income statement of the UCI.

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 Management fees do not include transaction costs. Further details on the fees actually invoiced to the UCI can be obtained from the prospectus.

The fees are recorded prorata temporis each time the net asset value is calculated.

The aggregate of these fees complies with the maximum fee rate as a percentage of the net assets given in the prospectus or the fund’s regulations.

FR0013476512 - R CO THEMATIC TARGET 2026 HY D EUR: Maximum 1.00% incl. taxes FR0013187176 - R CO THEMATIC TARGET 2026 HY ID EUR: Maximum 0.70% incl. taxes FR0013187168 - R-CO THEMATIC TARGET 2026 HY D EUR: Maximum 1.00% incl. taxes FR0013476249 - R-CO THEMATIC TARGET 2026 HY IC EUR: Maximum 0.50% incl. taxes FR0013476231 - R-CO THEMATIC TARGET 2026 HY F EUR: Maximum 1.20% incl. taxes FR0013476215 - R-CO THEMATIC TARGET 2026 HY C EUR: Maximum 1.00% incl. taxes

Swing Pricing Net asset value adjustment method associated with swing pricing with a trigger threshold:

If, on a NAV calculation day, the total of net subscription/redemption orders from investors across all share classes of the fund exceeds a threshold pre-established by the management company and determined on the basis of objective criteria as a percentage of the fund’s net assets, the NAV can be adjusted upwards or downwards in order to take into account the adjustment costs attributable to the net subscription/redemption orders respectively. The NAV of each share class is calculated separately, but any adjustment has, in percentage terms, an identical impact across all NAVs of the fund’s share classes.

The cost and trigger threshold parameters are determined by the management company and reviewed periodically, at least every six (6) months. These costs are estimated by the management company on the basis of transaction costs, buy/sell spreads, as well as any taxes applicable to the sub-fund.

Given that this adjustment is related to the net balance of subscriptions/redemptions within the sub-fund, it is not possible to accurately predict whether swing pricing will be applied at a given time in the future. Therefore, it is not possible to accurately predict the frequency at which the management company will need to make such adjustments, which may not exceed 1.50% of the NAV. Investors are informed that the volatility of the fund’s NAV may not reflect only that of the securities held in the portfolio because of the application of swing pricing.

Appropriation of distributable amounts

Definition of distributable amounts

Distributable amounts consist of the following:

Income:

The net income for the period is equal to the amount of interest, arrears, premiums and prizes, dividends, attendance fees, and any other income related to the securities comprising the portfolio, plus the income from any amounts temporarily available and minus management fees and borrowing costs. The net income is increased by retained earnings and increased or reduced by the balance of the income equalisation account.

Capital gains and losses:

Capital gains realised, net of costs, minus capital losses realised, net of costs recorded during the period, plus net capital gains of the same type recorded during earlier periods that were not the subject of any distribution or accumulation and minus or plus the balance of accrued capital gains.

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 Methods for appropriating distributable amounts:

Appropriation of realised net Share class(es) Appropriation of net income capital gains or losses Share class R-CO THEMATIC TARGET 2026 HY C EUR Accumulation Accumulation Accumulation, and/or Distribution, Share class R CO THEMATIC Distribution and/or Retained by decision of the TARGET 2026 HY D EUR SICAV Accumulation, and/or Distribution, Share class R-CO THEMATIC Distribution and/or Retained by decision of the TARGET 2026 HY D EUR SICAV Share class R-CO THEMATIC TARGET 2026 HY F EUR Accumulation Accumulation Share class R-CO THEMATIC TARGET 2026 HY IC EUR Accumulation Accumulation Accumulation, and/or Distribution, Share class R CO THEMATIC Distribution and/or Retained by decision of the TARGET 2026 HY ID EUR SICAV

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 2. CHANGE IN NET ASSETS AT 31/12/20 IN EUR

31/12/20 31/12/19

NET ASSETS AT START OF PERIOD 21,879 935.11 21,694 478.11

Subscriptions (including subscription fees charged by the UCI) 14,470 640.02 2,423 069.00 Redemptions (after deduction of redemption fees charged by the UCI) -6,687 317.83 -2,326 774.30 Capital gains realised on deposits and financial instruments 652 079.53 178 533.13 Capital losses realised on deposits and financial instruments -653 839.35 -432 600.60 Capital gains realised on financial derivative instruments 0.00 0.00 Capital losses realised on financial derivative instruments 0.00 0.00 Transaction fees 0.00 -590.40 Foreign exchange differences 0.00 0.00 Variations in the valuation differential of deposits and financial instruments 1,655 080.70 413 223.62 Valuation differential period Y 1,626 843.95 -28 236.75 Valuation differential period Y-1 28 236.75 441 460.37 Variations in the valuation differential of financial derivative instruments 0.00 0.00 Valuation differential period Y 0.00 0.00 Valuation differential period Y-1 0.00 0.00 Distribution from previous period on net gains and losses 0.00 0.00 Distribution from previous period on income -415 794.90 -641 117.39 Net income for period, before equalisation account 542 724.87 571 763.94 Interim dividend(s) paid during the period on net gains and losses 0.00 0.00 Interim dividend(s) paid during the period on income 0.00 0.00 Other items (*), (**) -50.00 -50.00

NET ASSETS AT END OF PERIOD 31,443 458.15 21,879 935.11

(*) Y-1: Fees for assigning an LEI invoice legal entity identifier: -€50 (**)

Y: Fees for assigning an LEI invoice legal entity identifier: € -50

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 3. ADDITIONAL INFORMATION

3.1. BREAKDOWN OF FINANCIAL INSTRUMENTS BY LEGAL OR ECONOMIC NATURE

Amount % ASSETS

BONDS AND SIMILAR SECURITIES Convertible bonds traded on a regulated or similar market 583 429.50 1.86 Variable/adjustable rate bonds traded on a regulated or similar market 914 590.77 2.90 Fixed-rate bonds traded on a regulated or similar market 29 852 508.08 94.94 TOTAL BONDS AND SIMILAR SECURITIES 31 350 528.35 99.70 DEBT SECURITIES TOTAL DEBT SECURITIES 0.00 0.00 LIABILITIES DISPOSAL TRANSACTIONS INVOLVING FINANCIAL INSTRUMENTS TOTAL DISPOSAL TRANSACTIONS INVOLVING FINANCIAL INSTRUMENTS 0.00 0.00 OFF-BALANCE SHEET HEDGING TRANSACTIONS TOTAL HEDGING TRANSACTIONS 0.00 0.00 OTHER TRANSACTIONS TOTAL OTHER TRANSACTIONS 0.00 0.00

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 3.2. BREAKDOWN OF ASSETS, LIABILITIES, AND OFF-BALANCE SHEET ITEMS BY TYPE OF RATE

Fixed rate % Variable rate % Adjustable rate % Other % ASSETS Deposits 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Bonds and similar securities 30,435,937.58 96.80 0.00 0.00 914,590.77 2.91 0.00 0.00 Debt securities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Securities financing transactions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Financial accounts 0.00 0.00 0.00 0.00 0.00 0.00 132,080.36 0.42 LIABILITIES Securities financing transactions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Financial accounts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 OFF-BALANCE SHEET Hedging transactions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Other transactions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

3.3. BREAKDOWN OF ASSETS, LIABILITIES, AND OFF-BALANCE SHEET ITEMS BY RESIDUAL MATURITY(*)

< 3 months % ]3 months - 1 % ]1 - 3 years] % ]3 - 5 years] % > 5 years % year] ASSETS Deposits 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Bonds and similar securities 0.00 0.00 0.00 0.00 1 601 310.12 5.09 13 206 469.88 42.00 16 542 748.35 52.61

Debt securities Securities financing 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 transactions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Financial accounts 132 080.36 0.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 LIABILITIES

Securities financing 0.00 0.00 0.00 0.00 Transactions 0.00 0.00 0.00 0.00 0.00 0.00 Financial accounts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

OFF-BALANCED SHEET 0.00 Hedging transactions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 Other transactions 0.00 0.00 0.00 0.00

(*) Positions in interest rate futures are presented according to the maturity of the underlying assets.

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 3.4. BREAKDOWN OF ASSETS, LIABILITIES, AND OFF-BALANCE SHEET ITEMS BY LISTING OR VALUATION CURRENCY (OTHER THAN EUR)

Currency 1 Currency 2 Currency 3 Currency N Other(s)

Amount % Amount % Amount % Amount % ASSETS Deposits 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Equities and similar securities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Bonds and similar securities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Debt securities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 UCIs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Securities financing transactions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Financial accounts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 LIABILITIES Disposal transactions involving financial instruments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Securities financing transactions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Payables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Financial accounts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 OFF-BALANCE SHEET Hedging transactions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Other transactions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

3.5. RECEIVABLES AND PAYABLES: BREAKDOWN BY TYPE

Type of debit/credit 31/12/20 RECEIVABLES Subscriptions receivable 20,015.46 TOTAL RECEIVABLES 20,015.46 PAYABLES Fixed management fees 59,166.02 TOTAL PAYABLES 59,166.02

TOTAL PAYABLES AND -39,150.56 RECEIVABLES

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 3.6. SHAREHOLDERS’ EQUITY

3.6.1. Number of securities issued or redeemed

In shares In amount Share class R-CO THEMATIC TARGET 2026 HY C EUR Shares subscribed during period 77,057.2657 8,363 350.82 Shares redeemed during period -3,358.7890 -370 049.90 Net balance of subscriptions/redemptions 73,698.4767 7,993 300.92 Number of outstanding shares at the end of the period 73,698.4767 Share class R CO THEMATIC TARGET 2026 HY D EUR Shares subscribed during period 5,169.0235 552 506.42 Shares redeemed during period -1,000.0000 -108 530.00 Net balance of subscriptions/redemptions 4,169.0235 443 976.42 Number of outstanding shares at the end of the period 4,169.0235 Share class R-CO THEMATIC TARGET 2026 HY D EUR Shares subscribed during period 0.00 0.00 Shares redeemed during period -54,300.4060 -5,461 950.55 Net balance of subscriptions/redemptions -54,300.4060 -5,461 950.55 Number of outstanding shares at the end of the period 116,152.6280 Share class R-CO THEMATIC TARGET 2026 HY F EUR Shares subscribed during period 19,900.0216 2,188 471.08 Shares redeemed during period -844.2431 -93 060.16 Net balance of subscriptions/redemptions 19,055.7785 2,095 410.92 Number of outstanding shares at the end of the period 19,055.7785 Share class R-CO THEMATIC TARGET 2026 HY IC EUR Shares subscribed during period 3,037.6585 3,366 311.70 Shares redeemed during period -2.0000 -2 226.42 Net balance of subscriptions/redemptions 3,035.6585 3,364 085.28 Number of outstanding shares at the end of the period 3,035.6585 Share class R CO THEMATIC TARGET 2026 HY ID EUR Shares subscribed during period 0.00 0.00 Shares redeemed during period -649.4460 -651 500.80 Net balance of subscriptions/redemptions -649.4460 -651 500.80 Number of outstanding shares at the end of the period 4,000.3970

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 3.6.2. Subscription and/or redemption fees

In amount

Share class R-CO THEMATIC TARGET 2026 HY C EUR Total subscription and/or redemption fees charged 0.00 Subscription fees charged 0.00 Redemption fees charged 0.00

Share class R CO THEMATIC TARGET 2026 HY D EUR Total subscription and/or redemption fees charged 0.00 Subscription fees charged 0.00 Redemption fees charged 0.00

Share class R-CO THEMATIC TARGET 2026 HY D EUR Total subscription and/or redemption fees charged 0.00 Subscription fees charged 0.00 Redemption fees charged 0.00

Share class R-CO THEMATIC TARGET 2026 HY F EUR Total subscription and/or redemption fees charged 0.00 Subscription fees charged 0.00 Redemption fees charged 0.00

Share class R-CO THEMATIC TARGET 2026 HY IC EUR Total subscription and/or redemption fees charged 0.00 Subscription fees charged 0.00 Redemption fees charged 0.00

Share class R CO THEMATIC TARGET 2026 HY ID EUR Total subscription and/or redemption fees charged 0.00 Subscription fees charged 0.00 Redemption fees charged 0.00

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 3.7. MANAGEMENT FEES

31/12/20

Share class R-CO THEMATIC TARGET 2026 HY C EUR Collateral fees 0.00 Fixed management fees 29 050.85 Percentage of fixed management fees 1.00 Variable management fees 0.00 Retrocession of management fees 0.00

Share class R CO THEMATIC TARGET 2026 HY D EUR Collateral fees 0.00 Fixed management fees 2 470.44 Percentage of fixed management fees 1.00 Variable management fees 0.00 Retrocession of management fees 0.00

Share class R-CO THEMATIC TARGET 2026 HY D EUR Collateral fees 0.00 Fixed management fees 100 979.13 Percentage of fixed management fees 0.83 Variable management fees 0.00 Retrocession of management fees 0.00

Share class R-CO THEMATIC TARGET 2026 HY F EUR Collateral fees 0.00 Fixed management fees 6 415.16 Percentage of fixed management fees 1.20 Variable management fees 0.00 Retrocession of management fees 0.00

Share class R-CO THEMATIC TARGET 2026 HY IC EUR Collateral fees 0.00 Fixed management fees 2 528.72 Percentage of fixed management fees 0.50 Variable management fees 0.00 Retrocession of management fees 0.00

Share class R CO THEMATIC TARGET 2026 HY ID EUR Collateral fees 0.00 Fixed management fees 24 020.43 Percentage of fixed management fees 0.60 Variable management fees 0.00 Retrocession of management fees 0.00

3.8. COMMITMENTS RECEIVED AND GIVEN

3.8.1. Guarantees received by the UCI:

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20

3.8. COMMITMENTS RECEIVED AND GIVEN

None 3.8.2. Other commitments received and/or given:

None

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 3.9. OTHER INFORMATION

3.9.1. Current value of financial instruments used in securities financing transactions

31/12/20

Securities purchased under repurchase agreements 0.00 Borrowed securities 0.00

3.9.2. Current value of financial instruments constituting collateral deposits

31/12/20

Financial instruments granted as collateral and retained in their original category 0.00 Financial instruments received as a collateral and not entered in the balance sheet 0.00

3.9.3. Financial instruments held, issued and/or managed by the Group

ISIN code Name 31/12/20

Equities 0.00

Bonds 0.00

Negotiable debt securities 0.00

UCIs 0.00

Financial derivative instruments 0.00

Total group securities 0.00

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 3.10. APPROPRIATION OF DISTRIBUTABLE AMOUNTS

Appropriation of the share of amounts related to income

31/12/20 31/12/19

Amounts remaining to be appropriated Retained earnings 387.10 1 522.17 Profit or loss 675 175.02 536 216.65 Total 675 562.12 537 738.82

31/12/20 31/12/19

Share class R-CO THEMATIC TARGET 2026 HY C EUR

Appropriation Distribution 0.00 0.00 Retained earnings for the period 0.00 0.00 Accumulation 139,161.18 0.00 Total 139,161.18 0.00

31/12/20 31/12/19

Share class R CO THEMATIC TARGET 2026 HY D EUR

Appropriation Distribution 7,879.45 0.00 Retained earnings for the period 26.09 0.00 Accumulation 0.00 0.00 Total 7,905.54 0.00

Information on units with distribution rights Number of units 4,169.0235 0.00 Unit distribution 1.89 0.00

Tax credit Tax credit attached to the distribution of the income 0.00 0.00

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20

31/12/20 31/12/19

Share class R-CO THEMATIC TARGET 2026 HY D EUR

Appropriation Distribution 313,612.10 415,905.40 Retained earnings for the period 1,067.58 557.61 Accumulation 0.00 0.00 Total 314,679.68 416,463.01

Information on units with distribution rights Number of units 116,152.6280 170,453.0340 Unit distribution 2.70 2.44

Tax credit

Tax credit attached to the distribution of the income 0.00 0.00

31/12/20 31/12/19

Share class R-CO THEMATIC TARGET 2026 HY F EUR

Appropriation Distribution 0.00 0.00 Retained earnings for the period 0.00 0.00 Accumulation 34,161.27 0.00 Total 34,161.27 0.00

31/12/20 31/12/19

Share class R-CO THEMATIC TARGET 2026 HY IC EUR

Appropriation Distribution 0.00 0.00 Retained earnings for the period 0.00 0.00 Accumulation 61,379.94 0.00 Total 61,379.94 0.00

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20

31/12/20 31/12/19

Share class R CO THEMATIC TARGET 2026 HY ID EUR

Appropriation Distribution 118,251.74 121,267.91 Retained earnings for the period 22.77 7.90 Accumulation 0.00 0.00 Total 118,274.51 121,275.81

Information on units with distribution rights Number of units 4,000.3970 4,649.8430 Unit distribution 29.56 26.08

Tax credit

Tax credit attached to the distribution of the income 0.00 0.00

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 Appropriation of the share of distributable amounts related to net capital gains and losses

31/12/20 31/12/19

Amounts remaining to be appropriated Past net gains and losses not distributed 0.00 0.00 Net gains and losses for the period -83 782.88 -226 489.43 Dividends paid on net gains and losses for the period 0.00 0.00 Total -83 782.88 -226 489.43

31/12/20 31/12/19

Share class R-CO THEMATIC TARGET 2026 HY C EUR

Appropriation Distribution 0.00 0.00 Net gains and losses not distributed 0.00 0.00 Accumulation 14,955.62 0.00 Total 14,955.62 0.00

31/12/20 31/12/19

Share class R CO THEMATIC TARGET 2026 HY D EUR

Appropriation

Distribution 2,167.89 0.00 Net gains and losses not distributed 33.62 0.00 Accumulation 0.00 0.00 Total 2,201.51 0.00

Information on units with distribution rights

Number of units 4,169.024 0.00 Unit distribution 0.52 0.00

31/12/20 31/12/19

Share class R-CO THEMATIC TARGET 2026 HY D EUR

Appropriation

Distribution 0.00 0.00 Net gains and losses not distributed 0.00 0.00 Accumulation -104 289.48 -177 891.80 Total -104 289.48 -177 891.80

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20

31/12/20 31/12/19

Share class R-CO THEMATIC TARGET 2026 HY F EUR

Appropriation Distribution 0.00 0.00 Net gains and losses not distributed 0.00 0.00 Accumulation 8,367.28 0.00 Total 8,367.28 0.00

31/12/20 31/12/19

Share class R-CO THEMATIC TARGET 2026 HY IC EUR

Appropriation Distribution 0.00 0.00 Net gains and losses not distributed 0.00 0.00 Accumulation 30,821.10 0.00 Total 30,821.10 0.00

31/12/20 31/12/19

Share class R CO THEMATIC TARGET 2026 HY ID EUR

Appropriation Distribution 0.00 0.00 Net gains and losses not distributed 0.00 0.00 Accumulation -35 838.91 -48 597.63 Total -35 838.91 -48 597.63

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 3.11. TABLE OF RESULTS AND OTHER CHARACTERISTIC ELEMENTS OF THE ENTITY DURING THE PAST FIVE PERIODS

30/12/16 29/12/2017 31/12/18 31/12/19 31/12/20

Total net assets 0.00 22,270,702.98 21,694,478.11 21,879,935.11 31,443,458.15 in EUR Share class R- THEMATICCO TARGET 2026 HY C EUR EUR Net assets 0.00 0.00 0.00 0.00 8,587,774.95

Number of 0.00 0.00 0.00 0.00 73,698.4767 securities Net asset value per unit 0.00 0.00 0.00 0.00 116.53 Accumulation per unit on net 0.00 0.00 0.00 0.00 0.20 capital gains/losses Accumulation per unit on income 0.00 0.00 0.00 0.00 1.88 Share class R CO THEMATIC TARGET 2026 HY D EUR EUR Net assets 0.00 0.00 0.00 0.00 483,352.65

Number of 0.00 0.00 0.00 0.00 4,169.0235 securities Net asset value 0.00 0.00 0.00 0.00 115.94 per unit Distribution per unit on 0.00 0.00 0.00 0.00 0.52 net capital Distributiogains/losses n per unit 0.00 0.00 0.00 0.00 1.89 on income Unit tax credit 0.00 0.00 0.00 0.00 0.00 (*) Share class R- THEMATICCO TARGET 2026 HY D EUR EUR Net assets 0.00 17,368,354.06 17,013,640.65 17,184,174.77 12,382,076.40

Number of 0.00 165,325.5100 169,649.1510 170,453.0340 116,152.6280 securities Net asset value per unit 0.00 105.05 100.28 100.81 106.60 Accumulation per unit on net 0.00 -0.47 -0.39 -1.04 -0.89 capital gains/losses Distributio n per unit 0.00 3.02 2.69 2.44 2.70 on income Unit tax credit 0.00 0.00 0.00 0.00 0.00 (*)

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 3.11. TABLE OF RESULTS AND OTHER CHARACTERISTIC ELEMENTS OF THE ENTITY DURING THE PAST FIVE PERIODS

30/12/16 29/12/2017 31/12/18 31/12/19 31/12/20 Share class R- THEMATICCO TARGET 2026 HY F EUR EUR Net assets 0.00 0.00 0.00 0.00 2,208,841.31

Number of 0.00 0.00 0.00 0.00 19,055.7785 Netsecurities asset value per unit 0.00 0.00 0.00 0.00 115.91 Accumulation per unit on net 0.00 0.00 0.00 0.00 0.43 capital gains/losses Accumulation per unit on income 0.00 0.00 0.00 0.00 1.79 Share class R- THEMATICCO TARGET 2026 HY IC EUR EUR Net assets 0.00 0.00 0.00 0.00 3,505,675.55

Number of 0.00 0.00 0.00 0.00 3,035.6585 securities Net asset value per unit 0.00 0.00 0.00 0.00 1,154.83 Accumulation per unit on net 0.00 0.00 0.00 0.00 10.15 capital gains/losses Accumulation per unit on income 0.00 0.00 0.00 0.00 20.21 Share class R CO THEMATIC TARGET 2026 HY ID EUR EUR Net assets 0.00 4,902,348.92 4,680,837.46 4,695,760.34 4,275,737.29

Number of 0.00 4,649.8430 4,649.8430 4,649.8430 4,000.3970 Netsecurities asset value per unit 0.00 1,054.30 1,006.66 1,009.87 1,068.83 Accumulation per unit on net 0.00 -4.80 -4.00 -10.45 -8.95 capital gains/losses Distributio n per unit 0.00 34.82 30.75 26.08 29.56 on income Unit tax credit 0.00 0.00 0.00 0.00 0.00 (*)

(*) The unit tax credit will only be determined on the date of distribution, in accordance with the tax provisions in force.

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 3.12. DETAILED LIST OF HOLDINGS IN EUR Qty No. or % Net Designation of securities Curr. nominal Current value assets Bonds and similar securities Bonds and similar securities traded on a regulated or similar market GERMANY ACCENTRO REAL ESTATE AG 3.625% 13-02-23 EUR 500,000 475,599.14 1.51 ADLER GROUP 2.75% 13-11-26 EUR 300,000 309,512.45 0.99 CHEPLAPHARM ARZNEIMITTEL 4.375% 15-01-28 EUR 600,000 622,619.26 1.98 K + S AG 3% 20/06/2022 EUR 100,000 101,830.12 0.32 NIDDA HEALTHCARE HOLDING 3.5% 30-09-24 EUR 600,000 606,675.67 1.93 PEACH PROPERTY FINANCE 4.375% 15-11-25 EUR 400,000 422,304.56 1.34 REBECCA BID 5.75% 15-07-25 EUR 600,000 649,969.33 2.07 TELE COLUMBUS AG 3.875% 02-05-25 EUR 300,000 303,489.38 0.97 VERTICAL HOLD 6.625% 15-07-28 EUR 600,000 665,032.32 2.11 TOTAL GERMANY 4,157,032.23 13.22 BELGIUM SARENS FINANCE COMPANY NV 5.75% 21-02-27 EUR 600,000 571,795.67 1.82 TOTAL BELGIUM 571,795.67 1.82 CANADA PRIMO WATER CORPORATION 3.875% 31-10-28 EUR 600,000 621,952.56 1.98 TOTAL CANADA 621,952.56 1.98 DENMARK DKT FINANCE APS 7.0% 17-06-23 EUR 400,000 415,320.00 1.32 TOTAL DENMARK 415,320.00 1.32 SPAIN LORCA TELECOM BONDCO SAU 4.0% 18-09-27 EUR 600,000 639,246.33 2.03 TOTAL SPAIN 639,246.33 2.03 UNITED STATES FORD MOTOR CREDIT 2.386% 17-02-26 EUR 400,000 416,352.71 1.33 TOTAL UNITED STATES 416,352.71 1.33 FRANCE AIR FR KLM 1.875% 16-01-25 EUR 500,000 457,470.74 1.45 BANIJAY GROUP SAS 6.5% 01-03-26 EUR 600,000 618,182.33 1.96 CASINO 1.865% 13-06-22 EMTN EUR 200,000 204,916.15 0.65 CASINO 6.625% 15-01-26 EUR 310,000 313,951.07 1.00 CASINO GUICHARD PERRACHON 4.048% 05-08-26 EUR 600,000 544,022.00 1.73 ERAMET 5.875% 21/05/25 EUR 400,000 399,429.84 1.27 GETLINK 3.5% 30-10-25 EUR 300,000 311,003.08 0.99 IM GROUP SAS 6.625% 01-03-25 EUR 400,000 395,835.22 1.26 LA FINANCIERE ATALIAN 5.125% 15-05-25 EUR 600,000 561,982.33 1.79 LOXAM SAS 2.875% 15-04-26 EUR 500,000 496,471.11 1.58 0.25% 02-03-25 CV EUR 9,000 583,429.50 1.86 NOVAFIVES 5.0% 15-06-25 EUR 600,000 529,168.67 1.68 PAPREC 4.0% 31-03-25 EUR 600,000 609,583.67 1.94 PARTS EUROPE 6.5% 16-07-25 EUR 650,000 699,116.17 2.22 TERMINAL INFRA SAS 5.625% 15-05-25 EUR 400,000 430,603.00 1.37 TEREOS 4.125% 16-06-23 EUR 400,000 403,644.71 1.29 TEREOS FINANCE GROUPE I 7.5% 30-10-25 EUR 400,000 430,816.00 1.37 TOTAL FRANCE 7,989,625.59 25.41 GREECE

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 3.12. DETAILED LIST OF HOLDINGS IN EUR Qty No. or % Net Designation of securities Curr. nominal Current value assets FRIGOGLASS 6.875% 12-02-25 EUR 600,000 476,396.83 1.51 TOTAL GREECE 476,396.83 1.51 IRELAND EIRCOM FINANCE 3.5% 15-05-26 EUR 300,000 308,218.83 0.98 TOTAL IRELAND 308,218.83 0.98 ITALY AUTOSTRADE PER L ITALILIA 2.0% 04-12-28 EUR 250,000 252,479.61 0.80 BANCA IFIS 4.5% 17-10-27 EMTN EUR 500,000 482,376.51 1.54 FABRIC BC E3R+4.125% 31-08-26 EUR 600,000 601,856.10 1.91 SOFIMA HOLDING S.P.A EUR 600,000 609,525.00 1.94 WEBUILD SPA 1.75% 26-10-24 EUR 400,000 371,381.64 1.18 TOTAL ITALY 2,317,618.86 7.37 JAPAN SOFTBANK GROUP 3.125% 19-09-25 EUR 200,000 207,538.28 0.65 SOFTBANK GROUP 5.0% 15-04-28 EUR 400,000 451,558.44 1.44 TOTAL JAPAN 659,096.72 2.09 JERSEY ADIE GLOB HOL 3.5% 15-08-24 EUR 600,000 608,754.33 1.94 TOTAL JERSEY 608,754.33 1.94 LUXEMBOURG ALTICE FRANCE 4.0% 15-02-28 EUR 600,000 582,009.33 1.85 CONTOURGLOBAL POWER HLDG EUR 600,000 607,075.50 1.93 HT TROPLAST 9.25% 15-07-25 EUR 600,000 697,687.03 2.22 ROSSINI SARL 6.75% 30-10-25 EUR 500,000 541,053.75 1.72 ZF FINANCE 2.75% 25-05-27 EMTN EUR 200,000 204,651.81 0.65 TOTAL LUXEMBOURG 2,632,477.42 8.37 MEXICO CEMEX SAB DE CV 3.125% 19-03-26 EUR 300,000 312,433.92 0.99 TOTAL MEXICO 312,433.92 0.99 NORWAY ADEVINTA A 3.0% 15-11-27 EUR 100,000 104,043.50 0.33 TOTAL NORWAY 104,043.50 0.33 NETHERLANDS CONSTELLIUM SE 4.25% 15-02-26 EUR 500,000 520,666.39 1.66 DUFRY ONE BV 2.0% 15-02-27 EUR 500,000 474,841.39 1.51 IPD 3 BV 5.5% 01-12-25 EUR 600,000 624,819.06 1.99 MAXEDA DIY HOLDING BV 5.875% 01-10-26 EUR 600,000 637,508.26 2.02 PPF ARENA 3.25% 29-09-27 EMTN EUR 400,000 434,232.41 1.38 TEVA PHAR FIN 1.625% 15-10-28 EUR 700,000 621,733.48 1.98 UNITED GROUP BV 3.625% 15-02-28 EUR 500,000 498,661.11 1.58 ZF EUROPE FINANCE BV 2.0% 23-02-26 EUR 300,000 302,876.22 0.96 ZIGGO BV 4.25% 15-01-27 EUR 300,000 256,340.27 0.82 TOTAL NETHERLANDS 4,371,678.59 13.90 UNITED KINGDOM EG GLOBAL FINANCE PLC 4.375% 07-02-25 EUR 600,000 596,538.83 1.90 ELLAKTOR VALUE PLC 6.375% 15-12-24 EUR 600,000 568,600.00 1.81 INEOS FINANCE 2.875% 01-05-26 EUR 300,000 306,087.33 0.97 INTL GAME TECHNOLOGY 2.375% 15-04-28 EUR 400,000 399,983.11 1.27

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20 3.12. DETAILED LIST OF HOLDINGS IN EUR Qty No. or % Net Designation of securities Curr. nominal Current value assets INTL GAME TECHNOLOGY 3.5% 15-06-26 EUR 300,000 311,671.33 0.99 INTL PERSONAL FINANCE 9.75% 12-11-25 EUR 400,000 396,025.86 1.26 JAGUAR LAND ROVER 6.875% 15-11-26 EUR 600,000 624,125.17 1.99 TOTAL UNITED KINGDOM 3,203,031.63 10.19 SWEDEN INTRUM AB 3.5% 15-07-26 EMTN EUR 500,000 504,861.39 1.61 UNILABS SUBHOLDINGS AB 5.75% 15-05-25 EUR 400,000 414,062.44 1.32 VERISURE HLD AB E3R+5.0% 15-04-25 EUR 300,000 312,734.67 0.99 VERISURE HOLDING AB 3.875% 15-07-26 EUR 300,000 313,794.13 1.00 TOTAL SWEDEN 1,545,452.63 4.92 TOTAL Bonds and similar securities traded on a regulated 31,350,528.35 99.70 or similar market TOTAL Bonds and similar securities 31,350,528.35 99.70 Receivables 20,015.46 0.07 Payables -59,166.02 -0.19 Financial accounts 132,080.36 0.42 Net assets 31,443,458.15 100.00

Share class R-CO THEMATIC TARGET 2026 HY D EUR EUR 116,152.6280 106.60 Share class R CO THEMATIC TARGET 2026 HY D EUR EUR 4,169.0235 115.94 Share class R CO THEMATIC TARGET 2026 HY ID EUR EUR 4,000.3970 1 068.83 Share class R-CO THEMATIC TARGET 2026 HY F EUR EUR 19,055.7785 115.91 Share class R-CO THEMATIC TARGET 2026 HY C EUR EUR 73,698.4767 116.53 Share class R-CO THEMATIC TARGET 2026 HY IC EUR EUR 3,035.6585 1 154.83

R-CO THEMATIC TARGET 2026 HY: ANNUAL FINANCIAL STATEMENTS AT 31/12/20