Distribution

Synchrony (LU) Swiss Small & Mid Caps (CHF) A ISIN LU1626130063

As with any investment vehicle focused predominantly on corporate shares, the Fund exposes the investor to a risk of September 2020 capital loss. Fund Profile

● This fund invests primarily in equities, other securities, and participation rights of companies headquartered in . ● This fund is suitable for investors seeking long-term capital gains with a strong equity focus, in consideration for a significant risk of loss. ● This conviction-based Fund invests primarily in securities that are included in the SPI Extra Index (small and middle-market companies). The investments shall also meet the financial, social, and environmental criteria developed by the Banque Cantonale de Genève (BCGE). ● The reference currency of the Sub-fund is the Swiss franc (CHF)

Risks

● Market risk : Risk of loss resulting from fluctuations in the prices of financial instruments. ● Liquidity risk : Liquidity problems on the financial markets that may affect purchases and sales of fund positions.

Technical information Performance in CHF*

Net Asset Value CHF 114.97 % 2017 2018 2019 3 Years YTD Sep 20 Fund assets (m) CHF 23.35 Fd NAV 12.61 -22.06 33.58 9.75 -1.94 -0.84 Volatility 16.11% Benchmark 9.39 -17.23 30.42 12.65 -0.72 0.18 Tracking error 4.17 Total Return Performance Correlation 0.97 Index: The SPI® Extra index, published in CHF, offers the possibility to follow the securities that are not Beta 1.07 included in the SMI®. It is therefore the benchmark index for these securities. It is calculated in real time. Capitalisation Fund Similar to the SPI and SMI, the SPI EXTRA is a free float weighted index. It is calculated both as a performance index and a price index. Information on this index is available at the following website: https://www.six-swiss-exchange.com.

Fund features Indexed historical performance*

Fund domicile Luxembourg 120

Custodian bank BCEE 116

Fund manager (BCGE) Bruce Crochat 112 Launch date 15.06.2017 108 Fund base currency CHF 104 All in fee 1.50% 100 TER as of 30.06.2020 1.55% 96 Year-end closing date 31 December Liquidity daily 92 Cut-off 11h 88 84 15.06.2017 11.2017 05.2018 11.2018 05.2019 11.2019 05.2020 Synchrony (LU) Swiss Small & Mid Caps (CHF) A SPI Extra®

Fund manager's report

The Fund declined by (-0.8%) in August, underperforming by 1.0% compared to its benchmark, the SPI Extra +0.2%.

The main drivers of the relative monthly performance were our overweight positions in +12.4%, +10.7%, and Sika +4.5% as well as the absences of Julius Baer (-9.3%) and Adecco (-6.2%). Conversely, the main negatives were our weightings in Belimo (-11.8%), Idorsia (-7.8%), and Temenos (-14.9%) as well as the absences of ams +30.9% and +8.6%. This month we scaled back our position in and strengthened our positions in Sonova, Tecan, Schindler, SIG Combibloc, Interroll, and Idorsia.

BCGE Asset Management - Quai de l'Ile 17 - 1204 Genève - Tel. +41 (0) 58 211 21 00 - www.bcge.ch

*Source: Gérifonds Luxembourg. If returns are calculated in a currency other than the CHF, the gains or losses generated shall be recorded as fluctuations in the currency exchange rate. Distribution

Synchrony (LU) Swiss Small & Mid Caps (CHF) A ISIN LU1626130063

As with any investment vehicle focused predominantly on corporate shares, the Fund exposes the investor to a risk of capital loss.

Major Holdings** Investment categories**

Belimo 7.7% 50% 47.4% Sonova 7.2% 40% 6.6% Schindler 6.3% 30% 26.7% Tecan Group 6.1% 20% VAT Group 5.2% 8.4% 10% 6.6% 5.4% Sika 4.8% 3.8% 1.7% 0% 4.5%

SIG Combibloc 4.1% Cash

Emmi 3.9% Industrials Consumer Consumer Financials Health care goods Technology serv. **Allocations made on a specific date. They are subject to change.

Synchrony (LU) Swiss Small & Mid Caps (CHF) is a Sub-fund of the SYNCHRONY (LU) FUNDS, a UCITS type umbrella fund under Luxembourg law.

The prospectus, the key investor information document, the management rules, as well as the annual and interim reports can be obtained free of charge from: • The management company GERIFONDS (Luxembourg) SA, whose head office is located at 43 Boulevard Prince Henri, L-1724 Luxembourg, and from the website at www.gerifonds.lu; • The representatives below:

Country of distribution Representative Payment service

Suisse GERIFONDS SA, Lausanne Banque Cantonale Vaudoise Rue du Maupas 2 Place St-François 14 CH-1004 Lausanne CH-1003 Lausanne www.gerifonds.ch

Espagne Allfunds Bank SA Bank N/A Estafeta, 6, La Moraleja, Complejo Plaza de la Fuente E-28109 Alcobendas, Madrid

France Société Générale Securities Services N/A 29, boulevard Haussmann F-75009 Paris

The information in this document is for informational purposes only. It does not constitute an offer or a solicitation to subscribe for units or shares in the Sub-fund in the jurisdictions in which such an offer or solicitation is not authorized. It is not available to any person to whom it would be legally prohibited to make such an offer or proposal. This document reflects the management company's opinion as of the issuance date. The opinions expressed in this document do not take into account investors’ specific situation, objectives, or requirements. Investors are encouraged to consult professional advisors where appropriate. This document cannot be considered financial research. The investments mentioned in this document may involve risks difficult to quantify and include in the appraisal of investments. The risk factors are fully described in the Sub-fund's prospectus.

WARNING • The figures listed relate to past years. • Historical performance is not an indicator of current or future returns. Performance data does not take into account commissions and fees collected upon unit issuance and redemption. • If the currency of the investor's country of residence is different from the Sub-fund’s reference currency, the gains may be increased or decreased depending on exchange rate fluctuations. • The value of the investment may fluctuate downwards as well as upwards. • The investment presents a risk of capital loss, up to the total amount of the investment. • Tax treatment depends on each investor's individual situation, which may be subsequently modified.