MACQUARIE Funds

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MACQUARIE Funds

Macquarie Investment Management Austria Kapitalanlage AG

Kaerntner Strasse 28 1010 Vienna, Austria +43 1 90400 0 www.macquarie.at/mim

STRICTLY CONFIDENTIAL

This text does not print Short-term bonds g AT0000781679 Macquarie SR Plus

g AT0000A08S45 S5

g AT0000A287L2 M110

Bond funds g AT0000A0B2A9 M100

g AT0000A0B281 Macquarie Euro Target Return Fund

g AT0000664792 S3

g AT0000727383 S700

g AT0000A1NB63 Macquarie Euro Corporate Bond Fund

g AT0000818059 Macquarie Bonds Europe

Multi asset g AT0000781588 Macquarie Global Multi Asset Stable Diversified Fund

g AT0000781596 Macquarie Global Multi Asset Flexible Allocation Fund

g AT0000737697 Macquarie Business Class

Equity funds g AT0000819818 M300 Investment Management

Macquarie SR Plus

Monthly Report - August 2021 For professional investor use only - not for distribution to retail investors. This is a marketing communication.

Investment objective Fund details The Macquarie SR Plus Fund is a fixed income fund which aims to achieve steady returns. Macquarie Investment Management Investment Manager Austria Kapitalanlage AG

Investment strategy Liechtensteinische Landesbank Custodian The fund invests in government and corporate bonds, especially those within the finance sector. (Österreich) AG, Wien The fund focuses on bonds with very low exposure to interest rates. These can include money Inception date 30 June 1999 market instruments, floating rate notes with intra-annual rate adjustments, fixed coupon bonds Reference currency EUR (maturity <3 years) and term deposits. The investment team considers issuer diversification, Fund size EUR 131,541,357 ratings and strong positioning within the capital structure (senior bonds) when constructing the portfolio. Reference portfolio -

Authorisation status UCITS compliant

Fund performance net of fees to 31.08.2021 Fund codes and minimum investment amounts AT0000781679 - (T) EUR

ISIN

T = Accumulating

AISRHLQ AV - (T) EUR

Bloomberg code

Minimum initial subscription -

Minimum additional - subscription amount

Fund charges 08/2021 YTD 1 year 3 years 5 years Management fee * 0.10% p.a. -0.05% -0.30% -0.31% -0.89% -1.38% Initial charge max. 2.00% Total expense ratio 0.17% as at 30 June 2021 Manager comment Usually, the summer period is quite a quiet period for capital markets and August proved to be a good representative of it. Equity markets continued their way upwards and risky bond asset classes did profit from that development. On the other hand, it was a difficult month for government bonds, which showed negative performance numbers. Although we have seen lower yield levels during the month, both the US and the Euro yield curve moved upwards in relation to the end of July. Primary market activity for Euro corporate bonds increased significantly, signaling the end of the summer break.

Bond ratings ** A1-A3 41.20% BBB1-BBB3 24.38% AA1-AA3 20.72% AAA 11.58% NOT RATED 2.12%

Maturity (Top 5 positions) ** 01Y-02Y 34.19% 06M-01Y 25.32% 03M-06M 18.86% 01M 13.67% 01M-03M 6.95%

Top Holdings 0.625% ARKEA HOME LOANS 2.69% (FIXED) 09/2022

0.250% INSTITUT CREDITO 2.68% OFICIAL (FIXED) 04/2022

4.250% CAISSE FRANCAISE DE 2.40% FIN (FIXED) 01/2022

0.000% HENKEL AG & CO KGAA 2.36% (FIXED) 09/2021

3.750% TELSTRA CORP LTD 2.35% (FIXED) 05/2022

3.000% HYPO NOE LB NOE WIEN 2.34% AG (FIXED) 05/2022

1.750% BUNDESREPUB. 2.33% DEUTSCHLAND (FIXED) 07/2022 IMPORTANT INFORMATION AND RISK WARNINGS 0.750% BNP PARIBAS (FIXED) For professional investors only 2.31% 11/2022

IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar 0.500% BANQUE FED CRED 2.31% rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The MUTUEL (FIXED) 11/2022 potential abandonment of these rates and transition to alternative rates could affect the value and liquidity of 1.000% BMW FINANCE NV (FIXED) instruments that reference them and could affect investment strategy performance. 2.30% 02/2022 Investments in the products described on this page are not deposits or other liabilities of Macquarie Bank Limited (ACN 008 583 542) or of any entity in the Macquarie Group. They are subject to investment risks, ** The fund may contain derivative instruments for hedging purposes, which include, inter alia, possible delays in repayment and loss of income and capital invested. None of whereby the sum of the Top 5 Positions can exceed 100%. Macquarie Bank Limited, Macquarie Investment Management Austria Kapitalanlage AG nor any other member of the Macquarie Group guarantee any particular rate of return or the performance of the investment products. Nor do they guarantee the repayment of capital from the investments. Macquarie Investment Management Austria Kapitalanlage AG is not an authorized deposit-institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). Obligations of Macquarie Investment Management Austria Kapitalanlage AG do not represent deposits or other liabilities of Macquarie Bank Limited (ABN 46 008 583 542). Macquarie Bank Limited does not guarantee or otherwise provide assurance with respect to the obligations of Macquarie Investment Management Austria Kapitalanlage AG. Value and yield of investment funds can increase or decrease. Past performance is not necessarily a correct indicator of future performance. Variable exchange rates can also effect the development of your investment. The risk assessments given are based on general experience and are not legally binding. This overview is not an offer to sell or a solicitation to buy a mutual fund.

The prospectus and the Key Investor Information Document of the above mentioned fund have been published in accordance with Investment Fund Act of 2011. The documents as amended are available in German at the seat of the Investment Management Company ("Kapitalanlagegesellschaft"), LLB Invest Kapitalanlagegesellschaft m.b.H., Heßgasse 1, 1010 Vienna and in Germany at the Paying Agent Commerzbank Aktiengesellschaft, Neue Börsenstraße 1, 60487 Frankfurt am Main. Due to different calculation methodologies the calculated performance may deviate from the performance evidenced in the annual reports of the investment fund. Contacts Austria +43 1 90400-34548 A summary of investor rights in English and German is accessible via https://www.llbinvest.at/de/rechtliche- [email protected] hinweise/rechtliche-bedingungen. The Management Company may decide to terminate the arrangements http://www.macquarie.at/mim made for the marketing of its collective investment undertakings in accordance with Article 93a of Directive 2009/65/EC. Investment Management

Monthly Report - August 2021 For professional investor use only - not for distribution to retail investors. This is a marketing communication.

Investment objective Fund details The S5 Fund is a fixed income fund which aims to achieve steady returns. Macquarie Investment Management Investment Manager Austria Kapitalanlage AG

Investment strategy Liechtensteinische Landesbank Custodian The fund primarily invests in subordinated corporate bonds. The focus lies on investment-grade (Österreich) AG, Wien bonds issued by companies outside of the banking sector. Bonds with a high-yield rating can be Inception date 15 February 2008 included. Depending on the market view, senior bonds can be included in the fund. The fund is Reference currency EUR actively managed with an emphasis on security selection. Fund size EUR 58,042,982

Reference portfolio -

Authorisation status UCITS compliant

Fund performance net of fees to 31.08.2021 Fund codes and minimum investment amounts AT0000A08S45 - (V) EUR AT0000A08RS4 - (T) EUR ISIN

V = Fully accumulating T = Accumulating

ALLIS5V AV - (V) EUR ALLIS5T AV - (T) EUR

Bloomberg code

Minimum initial subscription -

Minimum additional - subscription amount

Fund charges 08/2021 YTD 1 year 3 years 5 years Management fee * 0.50% p.a. +0.21% +2.19% +7.22% +20.12% +17.03% Initial charge max. 2.00% Total expense ratio 0.66% as at 30 June 2021 Manager comment Usually, the summer period is quite a quiet period for capital markets and August proved to be a good representative of it. Equity markets continued their way upwards and risky bond asset classes did profit from that development. On the other hand, it was a difficult month for government bonds, which showed negative performance numbers. Although we have seen lower yield levels during the month, both the US and the Euro yield curve moved upwards in relation to the end of July. Primary market activity for Euro corporate bonds increased significantly, signaling the end of the summer break.

Industry sectors (Top 5 positions) ** Utilities 29.19% Financial 19.41% Energy 15.34% Consumer, Non-cyclical 13.86% Consumer, Cyclical 8.06%

Maturity ** 25Y+ 97.97% 01M 1.25% 20Y-25Y 0.77%

Top Holdings

3.875% VOLKSWAGEN INTL FIN NV 5.23% (VARIABLE) 12/2049

3.625% BP CAPITAL MARKETS PLC 4.91% (VARIABLE) 12/2049

2.125% TOTALENERGIES SE (VARIABLE) 4.15% 12/2049

3.125% BAYER AG (VARIABLE) 11/2079 3.96%

2.875% MERCK KGAA (VARIABLE) 3.63% 06/2079

2.625% ALLIANZ SE (VARIABLE) 12/2049 3.20%

1.875% ENEL SPA (VARIABLE) 12/2049 3.13%

IMPORTANT INFORMATION AND RISK WARNINGS For professional investors only 1.875% ENGIE SA (VARIABLE) 12/2049 2.99%

IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar 4.625% VOLKSWAGEN INTL FIN NV 2.83% rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The (VARIABLE) 12/2049 potential abandonment of these rates and transition to alternative rates could affect the value and liquidity of instruments that reference them and could affect investment strategy performance. 3.375% ENI SPA (VARIABLE) 12/2049 2.79%

Investments in the products described on this page are not deposits or other liabilities of Macquarie Bank Limited (ACN 008 583 542) or of any entity in the Macquarie Group. They are subject to investment risks, ** The fund may contain derivative instruments for hedging purposes, which include, inter alia, possible delays in repayment and loss of income and capital invested. None of whereby the sum of the Top 5 Positions can exceed 100%. Macquarie Bank Limited, Macquarie Investment Management Austria Kapitalanlage AG nor any other member of the Macquarie Group guarantee any particular rate of return or the performance of the investment products. Nor do they guarantee the repayment of capital from the investments. Macquarie Investment Management Austria Kapitalanlage AG is not an authorized deposit-institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). Obligations of Macquarie Investment Management Austria Kapitalanlage AG do not represent deposits or other liabilities of Macquarie Bank Limited (ABN 46 008 583 542). Macquarie Bank Limited does not guarantee or otherwise provide assurance with respect to the obligations of Macquarie Investment Management Austria Kapitalanlage AG. Value and yield of investment funds can increase or decrease. Past performance is not necessarily a correct indicator of future performance. Variable exchange rates can also effect the development of your investment. The risk assessments given are based on general experience and are not legally binding. This overview is not an offer to sell or a solicitation to buy a mutual fund.

M110

Monthly Report - August 2021 For professional investor use only - not for distribution to retail investors. This is a marketing communication.

Investment objective Fund details The M110 is a fixed income fund which aims to achieve steady returns. Macquarie Investment Management Investment Manager Austria Kapitalanlage AG

Investment strategy Liechtensteinische Landesbank Custodian This fund invests in term deposits, European government bonds, bonds issued by (Österreich) AG, Wien supranationals and agencies, and in covered bonds with a maturity of less than 3 years and with Inception date 24 May 2019 a good rating. The portfolio management team pays particular attention to the liquidity of the Reference currency EUR actively selected bonds during the portfolio construction. Fund size EUR 54,128,689

Reference portfolio -

Authorisation status UCITS compliant

Fund performance net of fees to 31.08.2021 Fund codes and minimum investment amounts AT0000A287L2 - (V) EUR

ISIN

V = Fully accumulating

LLBM110 AV - (V) EUR

Bloomberg code

Minimum initial subscription -

Minimum additional - subscription amount

Fund charges 08/2021 YTD 1 year 3 years 5 years Management fee * 0.10% p.a. -0.06% -0.60% -0.82% Initial charge max. 2.00% Total expense ratio 0.20% as at 30 April 2021 Manager comment Usually, the summer period is quite a quiet period for capital markets and August proved to be a good representative of it. Equity markets continued their way upwards and risky bond asset classes did profit from that development. On the other hand, it was a difficult month for government bonds, which showed negative performance numbers. Although we have seen lower yield levels during the month, both the US and the Euro yield curve moved upwards in relation to the end of July. Primary market activity for Euro corporate bonds increased significantly, signaling the end of the summer break.

Bond ratings ** AAA 90.32% AA1-AA3 9.68%

Maturity securities ** 01M 31.07% 03M-06M 28.55% 01M-03M 20.49% 06M-01Y 19.89%

Top Holdings

GERMAN TREASURY BILL 38.16%

0.000% BUNDESSCHATZANWEISUNGEN 9.24% (FIXED) 09/2021 3.500% REPUBLIC OF AUSTRIA 7.86% (FIXED) 09/2021

2.000% BUNDESREPUB. 6.53% DEUTSCHLAND (FIXED) 01/2022 0.000% BUNDESSCHATZANWEISUNGEN 3.70% (FIXED) 12/2021 0.000% NETHERLANDS 3.33% GOVERNMENT (FIXED) 01/2022

DUTCH TREASURY CERT 2.78%

IMPORTANT INFORMATION AND RISK WARNINGS 0.000% For professional investors only BUNDESSCHATZANWEISUNGEN 2.22% (FIXED) 03/2022 IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar 0.000% BUNDESOBLIGATION 1.86% rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The (FIXED) 04/2022 potential abandonment of these rates and transition to alternative rates could affect the value and liquidity of 0.000% BUNDESOBLIGATION instruments that reference them and could affect investment strategy performance. 1.85% (FIXED) 10/2021 Investments in the products described on this page are not deposits or other liabilities of Macquarie Bank Limited (ACN 008 583 542) or of any entity in the Macquarie Group. They are subject to investment risks, ** The fund may contain derivative instruments for hedging purposes, which include, inter alia, possible delays in repayment and loss of income and capital invested. None of whereby the sum of the Top 5 Positions can exceed 100%. Macquarie Bank Limited, Macquarie Investment Management Austria Kapitalanlage AG nor any other member of the Macquarie Group guarantee any particular rate of return or the performance of the investment products. Nor do they guarantee the repayment of capital from the investments. Macquarie Investment Management Austria Kapitalanlage AG is not an authorized deposit-institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). Obligations of Macquarie Investment Management Austria Kapitalanlage AG do not represent deposits or other liabilities of Macquarie Bank Limited (ABN 46 008 583 542). Macquarie Bank Limited does not guarantee or otherwise provide assurance with respect to the obligations of Macquarie Investment Management Austria Kapitalanlage AG. Value and yield of investment funds can increase or decrease. Past performance is not necessarily a correct indicator of future performance. Variable exchange rates can also effect the development of your investment. The risk assessments given are based on general experience and are not legally binding. This overview is not an offer to sell or a solicitation to buy a mutual fund.

M100

Monthly Report - August 2021 For professional investor use only - not for distribution to retail investors. This is a marketing communication.

Investment objective Fund details The current strategy of the fund has been used since 01 June 2016. The historical performance of the fund is therefore not representative for the investment strategy of the fund. Macquarie Investment Management Investment Manager Austria Kapitalanlage AG

Investment strategy Liechtensteinische Landesbank Custodian The fund is an actively managed fixed income fund and invests in EUR denominated investment (Österreich) AG, Wien grade corporate bonds with maturities of less than 10 years. A balanced mix of corporate sectors Inception date 24 September 2008 (including financials) and issuers is applied. Up to 10% of the fund volume can be invested in Reference currency EUR subordinated bonds (Tier 2). The rates sensitivity (rates duration) of the funds is largely hedged Fund size EUR 10,630,135 by using derivatives (rates duration is between 0 and 2.5 years). The fixed income team puts emphasis on the liquidity of actively selected individual securities. Reference portfolio -

Authorisation status UCITS compliant

Fund performance net of fees to 31.08.2021 Fund codes and minimum investment amounts AT0000A0B2A9 - (T) EUR

ISIN

T = Accumulating

INNCBPT AV - (T) EUR

Bloomberg code

Minimum initial subscription -

Minimum additional - subscription amount

Fund charges 08/2021 YTD 1 year 3 years 5 years Management fee * 0.25% p.a. -0.05% +0.16% +1.65% +3.14% +1.30% Initial charge max. 2.00% Total expense ratio 0.36% as at 31 May 2021 Manager comment Usually, the summer period is quite a quiet period for capital markets and August proved to be a good representative of it. Equity markets continued their way upwards and risky bond asset classes did profit from that development. On the other hand, it was a difficult month for government bonds, which showed negative performance numbers. Although we have seen lower yield levels during the month, both the US and the Euro yield curve moved upwards in relation to the end of July. Primary market activity for Euro corporate bonds increased significantly, signaling the end of the summer break.

Performance excluding subscription fees. The figures are based on the cumulative performance during the referenced periods excluding upfront fee. Calculation example considering upfront fee: Investment amount of EUR 1.000 is reduced by the upfront fee of 2.00% (EUR 19.61) on the day of investment. The performance may be further reduced by annual bank charges for keeping the client’s accounts. The investment strategy was adjusted according to the investment guidelines on 20 December 2012. The focus of investment was changed from euro-denominated government bonds to euro-denominated corporate bonds in June 2016. All data refer to the time after the investment strategy was adjusted on 20 December 2012. However, for data since inception on 24 September 2008 please consult the KIID. Past performance is not a reliable indicator of future results. Asset classes ** Corporate Bonds 90.94% Money Market EUR 74.67% Government Bonds EMU -65.61%

Bond ratings ** BBB1-BBB3 63.89% A1-A3 29.21% BB1-BB3 4.93% AA1-AA3 1.96%

Industry sectors (Top 5 positions) ** Financial 56.58% Consumer, Non-cyclical 12.64% Consumer, Cyclical 10.95% Communications 7.90% Basic Materials 5.87%

Top Holdings 1.500% UBS GROUP AG (FIXED) 2.93% 11/2024

1.625% GLENCORE FINANCE 2.83% EUROPE (FIXED) 10/2021

0.100% DEUT PFANDBRIEFBANK 2.82% AG (FIXED) 02/2026

1.375% TELSTRA CORP LTD 2.05% (FIXED) 03/2029

2.125% INTESA SANPAOLO SPA 2.03% (FIXED) 05/2025

1.125% CREDIT MUTUEL ARKEA 2.02% (FIXED) 05/2029

1.201% TELEFONICA EMISIONES 2.01% SAU (FIXED) 08/2027 IMPORTANT INFORMATION AND RISK WARNINGS 2.000% CREDIT AGRICOLE For professional investors only 2.01% ASSRNCES (FIXED) 07/2030

IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar 2.500% DANSKE BANK A/S 1.99% rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The (VARIABLE) 06/2029 potential abandonment of these rates and transition to alternative rates could affect the value and liquidity of 2.375% BAWAG GROUP AG instruments that reference them and could affect investment strategy performance. 1.97% (VARIABLE) 03/2029 Investments in the products described on this page are not deposits or other liabilities of Macquarie Bank Limited (ACN 008 583 542) or of any entity in the Macquarie Group. They are subject to investment risks, ** The fund may contain derivative instruments for hedging purposes, which include, inter alia, possible delays in repayment and loss of income and capital invested. None of whereby the sum of the Top 5 Positions can exceed 100%. Macquarie Bank Limited, Macquarie Investment Management Austria Kapitalanlage AG nor any other member of the Macquarie Group guarantee any particular rate of return or the performance of the investment products. Nor do they guarantee the repayment of capital from the investments. Macquarie Investment Management Austria Kapitalanlage AG is not an authorized deposit-institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). Obligations of Macquarie Investment Management Austria Kapitalanlage AG do not represent deposits or other liabilities of Macquarie Bank Limited (ABN 46 008 583 542). Macquarie Bank Limited does not guarantee or otherwise provide assurance with respect to the obligations of Macquarie Investment Management Austria Kapitalanlage AG. Value and yield of investment funds can increase or decrease. Past performance is not necessarily a correct indicator of future performance. Variable exchange rates can also effect the development of your investment. The risk assessments given are based on general experience and are not legally binding. This overview is not an offer to sell or a solicitation to buy a mutual fund.

Macquarie Euro Target Return Fund

Monthly Report - August 2021 For professional investor use only - not for distribution to retail investors. This is a marketing communication.

Investment objective Fund details The Macquarie Euro Target Return Bond Fund is a fixed income fund which aims to achieve steady returns through controlled risk taking. Macquarie Investment Management Investment Manager Austria Kapitalanlage AG

Investment strategy Liechtensteinische Landesbank Custodian The fund invests mainly in investment grade bonds of the Eurozone. An allocation in high yield (Österreich) AG, Wien and foreign currency bonds (such as USD and GBP) on a currency hedged basis is also Inception date 24 September 2008 possible. The focus is on active positions in interest rate and spread duration, country allocation, Reference currency EUR yield curve, sector and stock selection. The allocation is made in accordance with the market Fund size EUR 26,936,351 assessment of the Fixed Income team of Macquarie Investment Management Austria. The fund is not tied to a benchmark. Reference portfolio -

Authorisation status UCITS compliant

Fund performance net of fees to 31.08.2021 Fund codes and minimum investment amounts AT0000A0B281 - (T) EUR AT0000A0B299 - (V) EUR ISIN

T = Accumulating V = Fully accumulating

INNCDPT AV - (T) EUR INNCDVA AV - (V) EUR

Bloomberg code

Minimum initial subscription -

Minimum additional - subscription amount

Fund charges 08/2021 YTD 1 year 3 years 5 years Management fee * 0.25% p.a. -0.10% -0.45% +0.34% +4.15% +3.30% Initial charge max. 2.00% Total expense ratio 0.41% as at 30 October 2020 Manager comment Usually, the summer period is quite a quiet period for capital markets and August proved to be a good representative of it. Equity markets continued their way upwards and risky bond asset classes did profit from that development. On the other hand, it was a difficult month for government bonds, which showed negative performance numbers. Although we have seen lower yield levels during the month, both the US and the Euro yield curve moved upwards in relation to the end of July. Primary market activity for Euro corporate bonds increased significantly, signaling the end of the summer break.

Countries (Top 5 positions) ** Germany 26.35% Netherlands 15.67% Spain 13.54% France 12.44% United States 12.15%

Maturity (Top 5 positions) ** 01M 37.35% 03M-06M 17.55% 01Y-02Y 15.88% 05Y-07Y 15.24% 04Y-05Y 7.58%

Top Holdings 2.000% BUNDESREPUB. 8.99% DEUTSCHLAND (FIXED) 01/2022

1.500% BUNDESREPUB. 5.70% DEUTSCHLAND (FIXED) 09/2022

GERMAN TREASURY BILL 5.58%

0.100% BONOS Y OBLIG DEL 5.15% ESTADO (FIXED) 04/2031

0.000% REPUBLIC OF AUSTRIA 4.51% (FIXED) 04/2023

0.000% NETHERLANDS 2.98% GOVERNMENT (FIXED) 01/2022

4.200% BONOS Y OBLIG DEL 2.84% ESTADO (FIXED) 01/2037 IMPORTANT INFORMATION AND RISK WARNINGS 4.800% BONOS Y OBLIG DEL For professional investors only 2.10% ESTADO (FIXED) 01/2024

IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar 1.047% JPMORGAN CHASE & CO 1.93% rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The (VARIABLE) 11/2032 potential abandonment of these rates and transition to alternative rates could affect the value and liquidity of 0.875% MONDELEZ INTL HLDINGS instruments that reference them and could affect investment strategy performance. 1.93% NE (FIXED) 10/2031 Investments in the products described on this page are not deposits or other liabilities of Macquarie Bank Limited (ACN 008 583 542) or of any entity in the Macquarie Group. They are subject to investment risks, ** The fund may contain derivative instruments for hedging purposes, which include, inter alia, possible delays in repayment and loss of income and capital invested. None of whereby the sum of the Top 5 Positions can exceed 100%. Macquarie Bank Limited, Macquarie Investment Management Austria Kapitalanlage AG nor any other member of the Macquarie Group guarantee any particular rate of return or the performance of the investment products. Nor do they guarantee the repayment of capital from the investments. Macquarie Investment Management Austria Kapitalanlage AG is not an authorized deposit-institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). Obligations of Macquarie Investment Management Austria Kapitalanlage AG do not represent deposits or other liabilities of Macquarie Bank Limited (ABN 46 008 583 542). Macquarie Bank Limited does not guarantee or otherwise provide assurance with respect to the obligations of Macquarie Investment Management Austria Kapitalanlage AG. Value and yield of investment funds can increase or decrease. Past performance is not necessarily a correct indicator of future performance. Variable exchange rates can also effect the development of your investment. The risk assessments given are based on general experience and are not legally binding. This overview is not an offer to sell or a solicitation to buy a mutual fund.

Monthly Report - August 2021 For professional investor use only - not for distribution to retail investors. This is a marketing communication.

Investment objective Fund details The S3 Fund is a fixed income fund which aims to achieve steady returns. Macquarie Investment Management Investment Manager Austria Kapitalanlage AG

Investment strategy Liechtensteinische Landesbank Custodian The fund invests predominantly in Euro-denominated Government Bonds and has a duration risk (Österreich) AG, Wien that is similar to a portfolio consisting of 50% 1-3year and 3-5year bonds respectively. Inception date 30 September 2002 Reference currency EUR Fund size EUR 11,169,424

Reference portfolio -

Authorisation status UCITS compliant

Fund performance net of fees to 31.08.2021 Fund codes and minimum investment amounts AT0000664792 - (T) EUR AT0000664784 - (A) EUR ISIN

T = Accumulating A = Distributing

ALLIS3T AV - (T) EUR ALLIS3A AV - (A) EUR

Bloomberg code

Minimum initial subscription -

Minimum additional - subscription amount

Fund charges 08/2021 YTD 1 year 3 years 5 years Management fee * 0.10% p.a. -0.08% -0.51% -0.11% +1.22% -0.41% Initial charge max. 2.00% Total expense ratio 0.30% as at 31 August 2021 Manager comment Usually, the summer period is quite a quiet period for capital markets and August proved to be a good representative of it. Equity markets continued their way upwards and risky bond asset classes did profit from that development. On the other hand, it was a difficult month for government bonds, which showed negative performance numbers. Although we have seen lower yield levels during the month, both the US and the Euro yield curve moved upwards in relation to the end of July. Primary market activity for Euro corporate bonds increased significantly, signaling the end of the summer break.

Bond ratings ** AA1-AA3 35.17% BBB1-BBB3 34.40% AAA 21.19% A1-A3 9.24%

Maturity ** 03Y-04Y 33.30% 01Y-02Y 28.34% 04Y-05Y 23.69% 02Y-03Y 10.91% 01M 3.75%

Top Holdings 0.000% FRANCE (GOVT OF) 10.86% (FIXED) 03/2025

0.000% FRANCE (GOVT OF) 8.38% (FIXED) 03/2023

0.000% BUNDESOBLIGATION 5.35% (FIXED) 04/2023

0.000% FRANCE (GOVT OF) 4.83% (FIXED) 02/2026

0.350% BUONI POLIENNALI DEL 4.25% TES (FIXED) 02/2025

0.000% BUNDESOBLIGATION 4.19% (FIXED) 04/2025

0.950% BUONI POLIENNALI DEL 3.89% TES (FIXED) 03/2023 IMPORTANT INFORMATION AND RISK WARNINGS 0.000% BONOS Y OBLIG DEL For professional investors only 3.87% ESTADO (FIXED) 01/2025

IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar 2.750% BONOS Y OBLIG DEL 3.81% rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The ESTADO (FIXED) 10/2024 potential abandonment of these rates and transition to alternative rates could affect the value and liquidity of 0.600% BUONI POLIENNALI DEL instruments that reference them and could affect investment strategy performance. 3.42% TES (FIXED) 06/2023 Investments in the products described on this page are not deposits or other liabilities of Macquarie Bank Limited (ACN 008 583 542) or of any entity in the Macquarie Group. They are subject to investment risks, ** The fund may contain derivative instruments for hedging purposes, which include, inter alia, possible delays in repayment and loss of income and capital invested. None of whereby the sum of the Top 5 Positions can exceed 100%. Macquarie Bank Limited, Macquarie Investment Management Austria Kapitalanlage AG nor any other member of the Macquarie Group guarantee any particular rate of return or the performance of the investment products. Nor do they guarantee the repayment of capital from the investments. Macquarie Investment Management Austria Kapitalanlage AG is not an authorized deposit-institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). Obligations of Macquarie Investment Management Austria Kapitalanlage AG do not represent deposits or other liabilities of Macquarie Bank Limited (ABN 46 008 583 542). Macquarie Bank Limited does not guarantee or otherwise provide assurance with respect to the obligations of Macquarie Investment Management Austria Kapitalanlage AG. Value and yield of investment funds can increase or decrease. Past performance is not necessarily a correct indicator of future performance. Variable exchange rates can also effect the development of your investment. The risk assessments given are based on general experience and are not legally binding. This overview is not an offer to sell or a solicitation to buy a mutual fund.

The prospectus and the Key Investor Information Document of the above mentioned fund have been published in accordance with Investment Fund Act of 2011. The documents as amended are available in German at the seat of the Investment Management Company ("Kapitalanlagegesellschaft"), Macquarie Investment Management Austria Kapitalanlage AG, Kärntner Straße 28, 1010 Vienna and in Germany at the Paying Agent Commerzbank Aktiengesellschaft, Neue Börsenstraße 1, 60487 Frankfurt am Main. Due to different calculation methodologies the calculated performance may deviate from the performance evidenced in the annual reports of the investment fund. Contacts Austria +43 1 90400-34548 A summary of investor rights in English and German is accessible via [email protected] https://www.macquarieinvestmentmanagement.at/download/OffenlegungAnlegerrechte.pdf. The Management http://www.macquarie.at/mim Company may decide to terminate the arrangements made for the marketing of its collective investment undertakings in accordance with Article 93a of Directive 2009/65/EC. Investment Management

S700

Monthly Report - August 2021 For professional investor use only - not for distribution to retail investors. This is a marketing communication.

Investment objective Fund details The S700 Fund is a fixed income fund which aims to achieve steady returns. Macquarie Investment Management Investment Manager Austria Kapitalanlage AG

Investment strategy Liechtensteinische Landesbank Custodian The Fund strategically invests in in a broad universe of euro government bonds. Tactical (Österreich) AG, Wien deviations from the strategic asset allocation are kept to a minimum. Inception date 31 October 2000 Reference currency EUR Fund size EUR 14,952,538

Reference portfolio -

Authorisation status UCITS compliant

Fund performance net of fees to 31.08.2021 Fund codes and minimum investment amounts AT0000727383 - (T) EUR

ISIN

T = Accumulating

ALZS700 AV - (T) EUR

Bloomberg code

Minimum initial subscription -

Minimum additional - subscription amount

Fund charges 08/2021 YTD 1 year 3 years 5 years Management fee * 0.15% p.a. -0.01% -1.68% +0.77% +10.99% +6.94% Initial charge max. 2.00% Total expense ratio 0.27% as at 30 June 2021 Manager comment Usually, the summer period is quite a quiet period for capital markets and August proved to be a good representative of it. Equity markets continued their way upwards and risky bond asset classes did profit from that development. On the other hand, it was a difficult month for government bonds, which showed negative performance numbers. Although we have seen lower yield levels during the month, both the US and the Euro yield curve moved upwards in relation to the end of July. Primary market activity for Euro corporate bonds increased significantly, signaling the end of the summer break.

Bond ratings ** AA1-AA3 37.79% BBB1-BBB3 34.80% AAA 22.96% A1-A3 4.44%

Maturity (Top 5 positions) ** 10Y+ 28.53% 03Y-05Y 16.29% 01Y-03Y 16.01% 05Y-07Y 15.49% 07Y-10Y 15.34%

Top Holdings 0.500% FRANCE (GOVT OF) 4.19% (FIXED) 05/2025

0.000% FRANCE (GOVT OF) 3.06% (FIXED) 03/2024

3.850% BUONI POLIENNALI DEL 2.79% TES (FIXED) 09/2049

3.000% BUONI POLIENNALI DEL 2.75% TES (FIXED) 08/2029

0.000% BUNDESOBLIGATION 2.74% (FIXED) 10/2024

1.750% BUONI POLIENNALI DEL 2.66% TES (FIXED) 07/2024

0.900% BUONI POLIENNALI DEL 2.57% TES (FIXED) 08/2022 IMPORTANT INFORMATION AND RISK WARNINGS 0.750% FRANCE (GOVT OF) For professional investors only 2.53% (FIXED) 05/2028

IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar 1.500% FRANCE (GOVT OF) 2.41% rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The (FIXED) 05/2050 potential abandonment of these rates and transition to alternative rates could affect the value and liquidity of 2.100% BUONI POLIENNALI DEL instruments that reference them and could affect investment strategy performance. 2.40% TES (FIXED) 07/2026 Investments in the products described on this page are not deposits or other liabilities of Macquarie Bank Limited (ACN 008 583 542) or of any entity in the Macquarie Group. They are subject to investment risks, ** The fund may contain derivative instruments for hedging purposes, which include, inter alia, possible delays in repayment and loss of income and capital invested. None of whereby the sum of the Top 5 Positions can exceed 100%. Macquarie Bank Limited, Macquarie Investment Management Austria Kapitalanlage AG nor any other member of the Macquarie Group guarantee any particular rate of return or the performance of the investment products. Nor do they guarantee the repayment of capital from the investments. Macquarie Investment Management Austria Kapitalanlage AG is not an authorized deposit-institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). Obligations of Macquarie Investment Management Austria Kapitalanlage AG do not represent deposits or other liabilities of Macquarie Bank Limited (ABN 46 008 583 542). Macquarie Bank Limited does not guarantee or otherwise provide assurance with respect to the obligations of Macquarie Investment Management Austria Kapitalanlage AG. Value and yield of investment funds can increase or decrease. Past performance is not necessarily a correct indicator of future performance. Variable exchange rates can also effect the development of your investment. The risk assessments given are based on general experience and are not legally binding. This overview is not an offer to sell or a solicitation to buy a mutual fund.

Macquarie Euro Corporate Bond Fund

Monthly Report - August 2021 For professional investor use only - not for distribution to retail investors. This is a marketing communication.

Investment objective Fund details Macquarie Euro Corporate Bond Fund is a fixed income fund which aims to achieve steady returns. Macquarie Investment Management Investment Manager Austria Kapitalanlage AG

Investment strategy Liechtensteinische Landesbank Custodian The fund is an actively managed fixed income fund and invests in EUR denominated corporate (Österreich) AG, Wien bonds with a clear focus on investment grade issues. Senior and subordinated bonds are Inception date 1 September 2016 allowed. A balanced mix of corporate sectors (including financials) and issuers is applied. The Reference currency EUR fixed income team puts emphasis on the liquidity of actively selected individual securities. Fund size EUR 33,707,214

Reference portfolio -

Authorisation status UCITS compliant

Sustainability Fund codes and minimum investment amounts The Sub-Fund invests in companies and/or issuers which make a net positive contribution to AT0000A1NB63 - (T) EUR sustainability by virtue of their environmental, social and economic characteristics. and the Investment Manager applies an exclusion screen followed by a wide range of environmental and ISIN social criteria in its investment process, as described further below. For companies, such environmental criteria include indicators across, amongst other areas, energy and climate, water T = Accumulating and sewage, waste and biodiversity and land-use change. Such social criteria include indicators across, amongst other areas, corporate citizenship, human rights, employee health and safety and equal opportunities. For countries, such environmental criteria include indicators across, MACECBF AV - (T) EUR amongst other areas, Greenhouse Gas emissions, water and biocapacity. The social characteristics include indicators across, amongst other areas, health, poverty, democratic freedom and education. Bloomberg code

Fund performance net of fees to 31.08.2021

Minimum initial subscription -

Minimum additional - subscription amount

Fund charges 08/2021 YTD 1 year 3 years 5 years Management fee * 0.40% p.a. -0.12% +0.10% +2.56% +8.39% Initial charge max. 3.00% Total expense ratio 0.48% as at 31 May 2021 Manager comment Usually, the summer period is quite a quiet period for capital markets and August proved to be a good representative of it. Equity markets continued their way upwards and risky bond asset classes did profit from that development. On the other hand, it was a difficult month for government bonds, which showed negative performance numbers. Although we have seen lower yield levels during the month, both the US and the Euro yield curve moved upwards in relation to the end of July. Primary market activity for Euro corporate bonds increased significantly, signaling the end of the summer break.

Countries (Top 5 positions) ** France 22.96% Germany 12.30% Netherlands 11.50% Italy 10.84% United States 9.16%

Maturity (Top 5 positions) ** 03Y-05Y 22.37% 10Y+ 21.86% 05Y-07Y 21.32% 07Y-10Y 18.44% 01Y-03Y 8.20%

Top Holdings 7.500% DEUTSCHE TELEKOM INT 3.66% FIN (FIXED) 01/2033

0.750% RLB OBEROESTERREICH 2.41% (FIXED) 05/2023

1.375% TELSTRA CORP LTD 2.27% (FIXED) 03/2029

8.125% ORANGE SA (FIXED) 2.20% 01/2033

0.600% OP CORPORATE BANK 2.13% PLC (FIXED) 01/2027

0.375% LB BADEN- 2.08% WUERTTEMBERG (FIXED) 02/2031

1.375% ING GROEP NV (FIXED) 1.91% 01/2028 IMPORTANT INFORMATION AND RISK WARNINGS 1.375% BANCO SANTANDER SA For professional investors only 1.88% (FIXED) 01/2026

IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar 1.000% BPCE SA (FIXED) 04/2025 1.85% rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The potential abandonment of these rates and transition to alternative rates could affect the value and liquidity of 1.125% FRESENIUS SE & CO instruments that reference them and could affect investment strategy performance. 1.85% KGAA (FIXED) 01/2033 Investments in the products described on this page are not deposits or other liabilities of Macquarie Bank Limited (ACN 008 583 542) or of any entity in the Macquarie Group. They are subject to investment risks, ** The fund may contain derivative instruments for hedging purposes, which include, inter alia, possible delays in repayment and loss of income and capital invested. None of whereby the sum of the Top 5 Positions can exceed 100%. Macquarie Bank Limited, Macquarie Investment Management Austria Kapitalanlage AG nor any other member of the Macquarie Group guarantee any particular rate of return or the performance of the investment products. Nor do they guarantee the repayment of capital from the investments. Macquarie Investment Management Austria Kapitalanlage AG is not an authorized deposit-institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). Obligations of Macquarie Investment Management Austria Kapitalanlage AG do not represent deposits or other liabilities of Macquarie Bank Limited (ABN 46 008 583 542). Macquarie Bank Limited does not guarantee or otherwise provide assurance with respect to the obligations of Macquarie Investment Management Austria Kapitalanlage AG. Value and yield of investment funds can increase or decrease. Past performance is not necessarily a correct indicator of future performance. Variable exchange rates can also effect the development of your investment. The risk assessments given are based on general experience and are not legally binding. This overview is not an offer to sell or a solicitation to buy a mutual fund.

Macquarie Bonds Europe

Monthly Report - August 2021 For professional investor use only - not for distribution to retail investors. This is a marketing communication.

Investment objective Fund details The Macquarie Bonds Europe Fund is a fixed income fund which aims to achieve steady returns. Macquarie Investment Management Investment Manager Austria Kapitalanlage AG

Investment strategy Liechtensteinische Landesbank Custodian The fund invests in euro bonds with the major proportion in government bonds. The team (Österreich) AG, Wien actively manages allocation (countries, duration, issuance) based on assessment of market Inception date 28 August 1998 conditions. Other asset classes (e.g. covered bonds, hedged US bonds) can be added to the Reference currency EUR portfolio. Fund size EUR 205,084,822

Reference portfolio -

Authorisation status UCITS compliant

Sustainability Fund codes and minimum investment amounts The Sub-Fund invests in companies and/or issuers which make a net positive contribution to AT0000818059 - (T) EUR sustainability by virtue of their environmental, social and economic characteristics. and the AT0000A1E2B3 - (A) EUR ISIN Investment Manager applies an exclusion screen followed by a wide range of environmental and social criteria in its investment process, as described further below. For companies, such T = Accumulating environmental criteria include indicators across, amongst other areas, energy and climate, water A = Distributing and sewage, waste and biodiversity and land-use change. Such social criteria include indicators across, amongst other areas, corporate citizenship, human rights, employee health and safety and equal opportunities. For countries, such environmental criteria include indicators across, S200FON AV - (T) EUR amongst other areas, Greenhouse Gas emissions, water and biocapacity. The social S200FDA AV - (A) EUR characteristics include indicators across, amongst other areas, health, poverty, democratic freedom and education. Bloomberg code

Fund performance net of fees to 31.08.2021

Minimum initial subscription -

Minimum additional - subscription amount

Fund charges 08/2021 YTD 1 year 3 years 5 years Management fee * 0.25% p.a. +0.04% -0.98% +1.74% +12.53% +8.77% Initial charge max. 2.00% Total expense ratio 0.34% as at 31 May 2021 Manager comment Usually, the summer period is quite a quiet period for capital markets and August proved to be a good representative of it. Equity markets continued their way upwards and risky bond asset classes did profit from that development. On the other hand, it was a difficult month for government bonds, which showed negative performance numbers. Although we have seen lower yield levels during the month, both the US and the Euro yield curve moved upwards in relation to the end of July. Primary market activity for Euro corporate bonds increased significantly, signaling the end of the summer break.

Bond ratings ** BBB1-BBB3 48.41% AA1-AA3 19.68% A1-A3 16.94% AAA 14.98%

Maturity (Top 5 positions) ** 10Y+ 39.10% 03Y-05Y 20.68% <01Y 19.51% 05Y-07Y 11.19% 01Y-03Y 5.74%

Top Holdings 1.250% BUONI POLIENNALI DEL 5.06% TES (FIXED) 09/2032

0.100% DEUTSCHLAND I/L BOND 4.47% (FIXED) 04/2033

0.000% EUROPEAN UNION 2.37% (FIXED) 10/2030

1.250% BONOS Y OBLIG DEL 2.15% ESTADO (FIXED) 10/2030

5.250% BUONI POLIENNALI DEL 1.87% TES (FIXED) 11/2029

0.600% BONOS Y OBLIG DEL 1.79% ESTADO (FIXED) 10/2029

0.000% BUNDESREPUB. 1.79% DEUTSCHLAND (FIXED) 02/2030 IMPORTANT INFORMATION AND RISK WARNINGS 0.500% BONOS Y OBLIG DEL For professional investors only 1.77% ESTADO (FIXED) 04/2030

IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar 2.625% ALLIANZ SE (VARIABLE) 1.71% rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The 12/2049 potential abandonment of these rates and transition to alternative rates could affect the value and liquidity of 0.100% BONOS Y OBLIG DEL instruments that reference them and could affect investment strategy performance. 1.69% ESTADO (FIXED) 04/2031 Investments in the products described on this page are not deposits or other liabilities of Macquarie Bank Limited (ACN 008 583 542) or of any entity in the Macquarie Group. They are subject to investment risks, ** The fund may contain derivative instruments for hedging purposes, which include, inter alia, possible delays in repayment and loss of income and capital invested. None of whereby the sum of the Top 5 Positions can exceed 100%. Macquarie Bank Limited, Macquarie Investment Management Austria Kapitalanlage AG nor any other member of the Macquarie Group guarantee any particular rate of return or the performance of the investment products. Nor do they guarantee the repayment of capital from the investments. Macquarie Investment Management Austria Kapitalanlage AG is not an authorized deposit-institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). Obligations of Macquarie Investment Management Austria Kapitalanlage AG do not represent deposits or other liabilities of Macquarie Bank Limited (ABN 46 008 583 542). Macquarie Bank Limited does not guarantee or otherwise provide assurance with respect to the obligations of Macquarie Investment Management Austria Kapitalanlage AG. Value and yield of investment funds can increase or decrease. Past performance is not necessarily a correct indicator of future performance. Variable exchange rates can also effect the development of your investment. The risk assessments given are based on general experience and are not legally binding. This overview is not an offer to sell or a solicitation to buy a mutual fund.

Macquarie Global Multi Asset Stable Diversified Fund

Monthly Report - August 2021 For professional investor use only - not for distribution to retail investors. This is a marketing communication.

Investment objective Fund details The Macquarie Global Multi Asset Stable Diversified Fund is a multi asset fund which aims to achieve capital appreciation and steady returns. Macquarie Investment Management Investment Manager Austria Kapitalanlage AG

Investment strategy Liechtensteinische Landesbank Custodian The fund is actively managed, with a strategic allocation of 50% equities, 40% bonds and 10% (Österreich) AG, Wien other asset classes. Allocation to regions, asset classes and sectors is actively managed by the Inception date 30 June 1999 team based on assessment of market conditions. Other asset classes (e.g. convertible bonds) Reference currency EUR can also be added to the portfolio. Due to the fund's ability to invest in most geographical Fund size EUR 16,197,414 regions, it may be subject to foreign currency risk. Reference portfolio -

Authorisation status UCITS compliant

Fund performance net of fees to 31.08.2021 Fund codes and minimum investment amounts AT0000781588 - (T) EUR

ISIN

T = Accumulating

SMPORT3 AV - (T) EUR

Bloomberg code

Minimum initial subscription -

Minimum additional - subscription amount

Fund charges 08/2021 YTD 1 year 3 years 5 years Management fee * 0.40% p.a. +1.04% +9.04% +15.67% +20.63% +26.18% Initial charge max. 4.00% Total expense ratio 0.96% as at 31 May 2021 Manager comment Equity markets continued their way upwards to new heights in August, which is now the seventh consecutive positive month. An excellent reporting season for Q2/21 and a positive US labor market report proved to be the base for this development. Risky assets like equities, emerging market bonds and high yield bonds profitted from a certain easing at the US-CPI and from a “dovish” speak of FED chairman Powell at the Jackson Hole meeting. On the other hand, it was a difficult month for government bonds which showed negative performance numbers.

Currencies (Top 5 positions) ** Euro 63.86% US Dollar 17.35% Swiss Franc 3.01% Chinese Yuan Renminbi 2.31% Australian Dollar 1.36%

Regions (Top 5 positions) ** Western Europe 53.62% North America 23.29% Asia 9.10% Pacific Rim 6.81% Latin America 3.63%

Top Holdings

M300 18.28%

AMUNDI INDEX JPM EMU GOVIES IG 15.74%

iShares MSCI Europe ESG Enhanced ETF 13.47%

iShares JPMorgan $ EM Bond EUR 7.33% Hedged UCITS ETF (EMBE)

iShares MSCI EM ESG Enhanced ETF 6.96%

SPDR Refinitiv GLOBAL CONVERTIBLE 4.91% BOND EUR Hdg ETF

iShares Core Euro Corporate Bond UCITS 4.20% ETF IMPORTANT INFORMATION AND RISK WARNINGS For professional investors only iShares MSCI USA ESG Enhanced ETF 4.19%

IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar Macquarie Global Listed Real Assets Fund 3.97% rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The I EUR potential abandonment of these rates and transition to alternative rates could affect the value and liquidity of instruments that reference them and could affect investment strategy performance. S5 3.38%

Macquarie Global Multi Asset Flexible Allocation Fund

Monthly Report - August 2021 For professional investor use only - not for distribution to retail investors. This is a marketing communication.

Investment objective Fund details The Macquarie Global Multi Asset Flexible Allocation Fund is a multi asset fund which aims to achieve steady returns using a targeted risk approach. Macquarie Investment Management Investment Manager Austria Kapitalanlage AG

Investment strategy Liechtensteinische Landesbank Custodian This fund primarily uses ETFs to invest in a global universe of different asset classes. Allocation (Österreich) AG, Wien is actively managed by the team based on assessment of market conditions. In order to Inception date 30 June 1999 generate steady returns, the portfolio’s overall risk is a highly important factor in the portfolio Reference currency EUR construction process. The risk is kept stable to the greatest possible extent. Fund size EUR 7,242,408

Reference portfolio -

Authorisation status UCITS compliant

Fund performance net of fees to 31.08.2021 Fund codes and minimum investment amounts AT0000781596 - (T) EUR

ISIN

T = Accumulating

SMPORT4 AV - (T) EUR

Bloomberg code

Minimum initial subscription -

Minimum additional - subscription amount

Fund charges 08/2021 YTD 1 year 3 years 5 years Management fee * 0.75% p.a. +0.90% +8.88% +13.80% +11.65% +18.11% Initial charge max. 4.00% Total expense ratio 1.11% as at 31 May 2021 Manager comment Equity markets continued their way upwards to new heights in August, which is now the seventh consecutive positive month. An excellent reporting season for Q2/21 and a positive US labor market report proved to be the base for this development. Risky assets like equities, emerging market bonds and high yield bonds profitted from a certain easing at the US-CPI and from a “dovish” speak of FED chairman Powell at the Jackson Hole meeting. On the other hand, it was a difficult month for government bonds which showed negative performance numbers.

Performance excluding subscription fees. The figures are based on the cumulative performance during the referenced periods excluding upfront fee. Calculation example considering upfront fee: Investment amount of EUR 1.000 is reduced by the upfront fee of 4.00% (EUR 38.46) on the day of investment. The performance may be further reduced by annual bank charges for keeping the client’s accounts. The investment strategy was adjusted according to the investment guidelines on 3 November 2016. The focus of investment was changed from an equity fund of funds to a mixed/balanced fund with a global universe of different asset classes (allocation is actively managed by the asset allocation team of Macquarie Investment Management Austria in accordance with its investment assessment/estimate). Past performance is not a reliable indicator of future results. Asset classes (Top 5 positions) ** Money Market EUR 39.79% Equities, North America 21.80% Equities, Western Europe 15.60% Corporate Bonds 13.00% Equities, Pacific Rim 7.09%

Currencies (Top 5 positions) ** Euro 59.95% US Dollar 22.09% Japanese Yen 3.12% Swiss Franc 2.45% Great Britain Pound 1.88%

Regions (Top 5 positions) ** Western Europe 59.71% North America 25.65% Pacific Rim 7.39% Asia 4.50% Latin America 1.33%

Top Holdings iShares MSCI USA ESG Enhanced 18.88% ETF

iShares eb.rexx® Government 18.31% Germany 0-1yr ETF

iShares MSCI Europe ESG 15.54% Enhanced ETF

DEKA DB EUROGOV GERMANY 13.20% Money Market

iShares Core Euro Corporate Bond 5.21% UCITS ETF

iShares MSCI Japan ESG Enhanced 4.71% ETF

iShares MSCI EM ESG Enhanced 4.60% ETF IMPORTANT INFORMATION AND RISK WARNINGS iShares EUR High Yield Corp Bond For professional investors only 3.67% ETF

IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar S5 3.38% rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The potential abandonment of these rates and transition to alternative rates could affect the value and liquidity of iShares Core MSCI Pacific ex Japan instruments that reference them and could affect investment strategy performance. 2.41% UCITS ETF Investments in the products described on this page are not deposits or other liabilities of Macquarie Bank Limited (ACN 008 583 542) or of any entity in the Macquarie Group. They are subject to investment risks, ** The fund may contain derivative instruments for hedging purposes, which include, inter alia, possible delays in repayment and loss of income and capital invested. None of whereby the sum of the Top 5 Positions can exceed 100%. Macquarie Bank Limited, Macquarie Investment Management Austria Kapitalanlage AG nor any other member of the Macquarie Group guarantee any particular rate of return or the performance of the investment products. Nor do they guarantee the repayment of capital from the investments. Macquarie Investment Management Austria Kapitalanlage AG is not an authorized deposit-institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). Obligations of Macquarie Investment Management Austria Kapitalanlage AG do not represent deposits or other liabilities of Macquarie Bank Limited (ABN 46 008 583 542). Macquarie Bank Limited does not guarantee or otherwise provide assurance with respect to the obligations of Macquarie Investment Management Austria Kapitalanlage AG. Value and yield of investment funds can increase or decrease. Past performance is not necessarily a correct indicator of future performance. Variable exchange rates can also effect the development of your investment. The risk assessments given are based on general experience and are not legally binding. This overview is not an offer to sell or a solicitation to buy a mutual fund.

Macquarie Business Class

Monthly Report - August 2021 For professional investor use only - not for distribution to retail investors. This is a marketing communication.

Investment objective Fund details The Macquarie Business Class Fund is a multi asset fund which aims to achieve capital appreciation and steady returns. Macquarie Investment Management Investment Manager Austria Kapitalanlage AG

Investment strategy Liechtensteinische Landesbank Custodian The fund is actively managed, with a strategic allocation of 30% equities, 60% bonds and 10% (Österreich) AG, Wien other asset classes. Allocation to regions, asset classes and sectors is actively managed by the Inception date 14 June 2000 team based on assessment of market conditions. Other asset classes (e.g. convertible bonds) Reference currency EUR can also be added to the portfolio. Due to the fund's ability to invest in most geographical Fund size EUR 13,096,460 regions, it may be subject to foreign currency risk. Reference portfolio -

Authorisation status UCITS compliant

Fund performance net of fees to 31.08.2021 Fund codes and minimum investment amounts AT0000737697 - (A) EUR

ISIN

A = Distributing

SIEMBUS AV - (A) EUR

Bloomberg code

Minimum initial subscription -

Minimum additional - subscription amount

Fund charges 08/2021 YTD 1 year 3 years 5 years Management fee * 0.15% p.a. +0.64% +5.01% +10.00% +15.43% +18.13% Initial charge max. 4.00% Total expense ratio 0.81% as at 31 May 2021 Manager comment Equity markets continued their way upwards to new heights in August, which is now the seventh consecutive positive month. An excellent reporting season for Q2/21 and a positive US labor market report proved to be the base for this development. Risky assets like equities, emerging market bonds and high yield bonds profitted from a certain easing at the US-CPI and from a “dovish” speak of FED chairman Powell at the Jackson Hole meeting. On the other hand, it was a difficult month for government bonds which showed negative performance numbers.

Currencies (Top 5 positions) ** Euro 76.33% US Dollar 10.70% Swiss Franc 1.65% Chinese Yuan Renminbi 1.49% Japanese Yen 1.05%

Regions (Top 5 positions) ** Western Europe 61.32% North America 16.09% Asia 6.80% Latin America 5.72% Pacific Rim 4.81%

Top Holdings

M300 18.24%

Macquarie Euro Government Bond Fund I 17.88% EUR

S700 13.83%

Macquarie Emerging Markets Debt 8.95% Sovereign Fund EUR hedged

Macquarie Euro Corporate Bond Fund 5.46%

Macquarie Global Convertible Fund I EUR 4.86%

iShares MSCI Europe ESG Enhanced ETF 4.85%

IMPORTANT INFORMATION AND RISK WARNINGS For professional investors only iShares MSCI EM ESG Enhanced ETF 4.20%

IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar iShares JPM $ Emerging Markets Bond 3.32% rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The USD potential abandonment of these rates and transition to alternative rates could affect the value and liquidity of instruments that reference them and could affect investment strategy performance. S5 2.95%

M300

Monthly Report - August 2021 For professional investor use only - not for distribution to retail investors. This is a marketing communication.

Investment objective Fund details The funds objective is long-term capital appreciation through investment in a diversified portfolio of equities. The regional focus lies on companies based in developed markets. Macquarie Investment Management Investment Manager Austria Kapitalanlage AG

Investment strategy Liechtensteinische Landesbank Custodian The fund invests mainly in equities of companies based in North America, Europe and the (Österreich) AG, Wien Pacific (developed markets). The strategies focus is on regional allocation in order to benefit Inception date 16 September 1998 from particularly favorable macroeconomic conditions in certain countries and regions. In Reference currency EUR addition to macroeconomic factors, market dynamics and valuation indicators also play an Fund size EUR 174,108,432 important role in the market analysis. For the implementation of this strategy, mainly stocks of companies with large market capitalization are considered. Reference portfolio -

Authorisation status UCITS compliant

Fund performance net of fees to 31.08.2021 Fund codes and minimum investment amounts AT0000819818 - (T) EUR

ISIN

T = Accumulating

SIEQPAR AV - (T) EUR

Bloomberg code

Minimum initial subscription -

Minimum additional - subscription amount

Fund charges 08/2021 YTD 1 year 3 years 5 years Management fee * 0.75% p.a. +2.47% +21.12% +28.02% +37.85% +59.58% Initial charge max. 4.00% Total expense ratio 0.89% as at 31 May 2021 Manager comment Equity markets continued their way upwards to new heights in August, which is now the seventh consecutive positive month. An excellent reporting season for Q2/21 and a positive US labor market report proved to be the base for this development. Risky assets like equities, emerging market bonds and high yield bonds profitted from a certain easing at the US-CPI and from a “dovish” speak of FED chairman Powell at the Jackson Hole meeting. On the other hand, it was a difficult month for government bonds which showed negative performance numbers.

Industry sectors (Top 5 positions) ** Consumer, Non-cyclical 21.55% Financial 21.06% Technology 14.64% Industrial 12.69% Communications 10.13%

Currencies (Top 5 positions) ** US Dollar 53.62% Euro 17.93% Japanese Yen 7.02% Great Britain Pound 6.39% Swiss Franc 4.91%

Top Holdings

Xtrackers Russell 2000 ETF 3.93%

APPLE INC 3.00%

MICROSOFT CORP 2.50%

Alphabet Inc 2.08%

AMAZON.COM INC 1.66%

FACEBOOK INC-A 1.06%

GENERAL ELECTRIC CO 1.03%

IMPORTANT INFORMATION AND RISK WARNINGS For professional investors only NESTLE SA-REG 0.90%

IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar LVMH MOET HENNESSY LOUIS 0.89% rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The VUI potential abandonment of these rates and transition to alternative rates could affect the value and liquidity of ROCHE HOLDING AG- instruments that reference them and could affect investment strategy performance. 0.89% GENUSSCHEIN Investments in the products described on this page are not deposits or other liabilities of Macquarie Bank Limited (ACN 008 583 542) or of any entity in the Macquarie Group. They are subject to investment risks, ** The fund may contain derivative instruments for hedging purposes, which include, inter alia, possible delays in repayment and loss of income and capital invested. None of whereby the sum of the Top 5 Positions can exceed 100%. Macquarie Bank Limited, Macquarie Investment Management Austria Kapitalanlage AG nor any other member of the Macquarie Group guarantee any particular rate of return or the performance of the investment products. Nor do they guarantee the repayment of capital from the investments. Macquarie Investment Management Austria Kapitalanlage AG is not an authorized deposit-institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). Obligations of Macquarie Investment Management Austria Kapitalanlage AG do not represent deposits or other liabilities of Macquarie Bank Limited (ABN 46 008 583 542). Macquarie Bank Limited does not guarantee or otherwise provide assurance with respect to the obligations of Macquarie Investment Management Austria Kapitalanlage AG. Value and yield of investment funds can increase or decrease. Past performance is not necessarily a correct indicator of future performance. Variable exchange rates can also effect the development of your investment. The risk assessments given are based on general experience and are not legally binding. This overview is not an offer to sell or a solicitation to buy a mutual fund.