DELOS BLUE CHIPS DOMESTIC EQUITY FUND Government Gazette No. 432 B/24.06.1991 NBG Asset Management MFMC

103-105 Syngrou Avenue Risk Profile 117 45, Tel. +30 210 900 7400 Fax.+30 210 900 7499 www.nbgam.gr The investment objective of the Mutual Fund is the highest possible return, through the capital appreciation and dividends of its investments. The Mutual Fund mainly invests in a well-diversified Greek equity portfolio, focusing on large market capitalization stocks (BLUE CHIPS) listed in the Athens Stock Exchange.

Report Date 31/12/2018

FUND INFORMATION PERFORMANCE MUTUAL FUND Currency EUR 3 Years Cumulative Return (31/12/2015- Fund Size (mm) 48,62 31/12/2018) 30% Launch Date 14/10/1991 ISIN GRF000037009 20% Bloomberg Code DELBCDE GA EQUITY 10% 0% RETURNS Ytd 1year 3 years -10% (01/01/2018- (31/12/2017- (31/12/2015- -20% 31/12/2018) 31/12/2018) 31/12/2018) Mutual Fund -22,43% -22,43% -13,48% -30%

STATISTICAL DATA (3 years rolling) (31/12/2015-31/12/2018) ASSET ALLOCATION Fund Cash / Sharpe Ratio -0,18 Equivalents 2,7% Annualised Standard Deviation 25,41% Maximum Monthly Return 13,25% Mixed Allocation Minimum Monthly Return -15,85% Funds Months with Positive Return 17 Equity Equity 0,6% Months with Negative Return 19 94,9% Funds Top 10 Holdings 1,8%

TITAN CEMENT CO-PREF 9,1% Notional value of derivatives 3,9% of NAV AE 6,6% HELLENIC TELECOMMUN ORGANIZA 6,5% Sector Breakdown JUMBO SA 5,8% 5,0% Financial 29,2% SA 4,7% Consumer, Cyclical 15,6% MOTOR OIL (HELLAS) SA 4,6% Industrial 11,9% COCA-COLA HBC AG-DI 4,6% Energy 10,6% MYTILINEOS HOLDINGS S.A. 4,5% Consumer, Non-cyclical 10,5% OPAP SA 4,5% Communications 6,5% Basic Materials 5,4% Total 10 Holdings 55,9% Utilities 5,3% Total 20 Holdings 81,0% Funds 2,4% Total Number Of Holdings 42 Technology 0,1%

Country Exposure Currency Exposure

GREECE 89,1% EUR 99,6% SWITZERLAND 4,6% USD 0,4% BELGIUM 3,6%

The Mutual Fund 's net asset value is possible to have high volatility due to its portfolio composition.

Further information about this Mutual Fund, copies of this document, the Regulation, the Key Investor Information Document (KIID), the Prospectus, the Annual and Semi-Annual Report are available free of charge in Greek from the Management Company, the National Bank of Greece network and are available free of charge in Greek on the website of NBG Asset Management MFMC: www.nbgam.gr. Note that the units of the Mutual Fund are distributed in Greece. Furthermore, this document, Key Investor Information Documents (KIID) and Prospectus are available free of charge in English on the website of NBG Asset Management MFMC: www.nbgam.gr. The material herein is for informational purposes only and does not substitute the mutual funds’ full documentation. Under no circumstances should this information be considered as an offer to sell or a solicitation to buy any security or other financial instrument and under no circumstances should the contents of this document be considered as investment advice, investment research, financial analysis or other form of general recommendation relating to transactions in financial instruments.

UCITS DO NOT HAVE GUARANTEED RETURNS AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS