eric sturdza investments factsheet brochure

Strictly Private & Confidential

Eric Sturdza InvestmentsFactsheet BrochureNovember 2021

See Disclaimers page for Important Benchmark & Award Notification Information. Investment involves risk. Capital at Risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance. The value of the funds and the income which may be generated from it can go down as well as up and therefore investors must be able to bear the risks of a substantial impairment or loss of their entire investments. E.I. Sturdza Funds plc and its sub-funds are Irish funds authorized by the Central Bank of Ireland. They are approved for distribution in Switzerland by FINMA. The Swiss representative and paying agent is Banque Eric Sturdza SA, rue du Rhône 112, 1204 Geneva, Switzerland. The prospectus, KIIDs, Articles of association, semi-annual and annual reports of E.I Sturdza Funds Plc can be obtained, free of charge, at the seat of the Swiss representative This document is intended for information purposes only and is not intended as an offer or recommendation to buy, sell, or otherwise apply for shares in the funds.

Award-Winning Independent Investment Fund Management

Strategic European Silver Stars FundA EUR & B EUR Classes. Overall & 5 Year Rating.

Strategic Japan Opportunities FundA JPY & B JPY Classes. Overall & 3 Year Rating.

2021

MorningstarTM Rated Funds

MorningstarTM Sustainability Ratings

Strategic China Panda Fund

Citywire Fund Manager Ratings

Bertrand Faure

Quantalys Rating

Best Investment Management FirmEric Sturdza Investments

Cyber Essentials Plus

Whole OrganisationIASME ConsortiumEric Sturdza Investments

2019

Strategic BondOpportunities Fund

Strategic EuropeanSilver Stars Fund

Asset Management Company of the Year, Switzerland 2020

Eric Sturdza Investments

UCITS Equity Fund, EMEAStrategic EuropeQuality Fund

2020TOP

PERFORMER

Sturdza Family Fund

Asia Pacific Equity Fund Strategic ChinaPanda Fund

2021TOP

PERFORMER

Best Fund under $100M – EquityStrategic EuropeanSilver Stars Fund

Allocator Investors Choice Awards

2021TOP

PERFORMER

Top Performer –

Strategic Europe Quality FundA EUR, B EUR & SI EUR Classes. Overall Rating & 10 Year Rating.

Strategic China Panda FundA USD & B USD Classes. Overall & 5 Year Rating.

Strategic JapanOpportunities Fund

Strategic Global Quality Fund

Strategic Global Quality FundA USD & B USD Classes. Overall Rating, 3 & 5 Year Rating.

2020

Top Performer –Allocator Investors Choice Awards


Cyber Essentials Plus

Global 100 Listing

Strategic European Silver Stars Fund

#1 out of 175Standard Deviation& Max Drawdown

Bonds – Global CorporatesStrategic Bond Opportunities Fund

Citywire SelectorRankings

Mitsuhiro Yuasa

E.I. Sturdza Funds plc – Strategic European Silver Stars FundB EUR Class - Representative Share Class • Return Date 30/11/2021 • Factsheet

Professional Marketing Communication / Publicité / Financial Promotion addressed to investors in the countries mentioned under “Registration andTarget Market Definition”, related to E.I. Sturdza Funds plc – Strategic European Silver Stars Fund – (hereinafter referred to as the “Fund”) a sub-fundof E.I. Sturdza Funds plc, an Irish open-ended umbrella investment Company with variable capital – UCITS (“the Company”).

Risk & Reward IndicatorInvestment Objective & Policy (“SRRI”) & Inherent Risks

The risk indicator is based on historicaldata and may not be a reliable indicator ofthe future risk profile of the Fund, is notguaranteed and may change over time.The lowest category does not mean riskfree.

The investment objective of the Fund is to outperform small and medium capitalisation firmsoperating in Europe by investing primarily in equities or other asset classes representing the returnof small to medium capitalisation European firms which are listed or traded on a RecognisedExchange.Pursuant to the EU’s Sustainable Finance Disclosure Regulation (EU) 2019/2088 (‘SFDR’), the Fund isclassified as a fund that promotes environmental or social characteristics. The Fund will have anaveraged ESG score higher than the averaged ESG score of its initial investment universe. For moreinformation on the Fund’s investment approach with respect to sustainability and non-financialcriteria, please refer to Annex I of the Fund’s supplement or www.ericsturdza.com.The performance of the Fund and its performance fees are measured against the STOXX Europe 600NR EUR Index (the “Index”).There is no assurance or guarantee that the Fund’s investment objective will be achieved or thatthere will be a return on capital.

Potentially lower rewards< Lower Risk Higher Risk >

Potentially higher rewards

The risk indicator for the Fund is set as6, which reflects the historic pricebehaviour of the Fund.The sub-fund may be subject to highvolatility.Factors that affect the indicator include:Investments in equity securities are subjectto fluctuations in value dependent onmarket conditions which will directly affectthe value of investments. The Fund investswith a focus on Europe and may hold asizeable exposure to a single country whichmay increase the risk of investing whencompared to a fund that invests in aglobally diversified range of countries. TheFund invests in a concentrated portfoliothat may potentially focus on one or moresectors or industries. The range ofinvestments may increase the risk profile ofthe Fund compared to a more diversifiedportfolio across sectors and industries.Additional Risks: Currency, Custody andSettlement, Financial Derivatives, Liquidity,Market Capitalisation, Operational andTaxation risks.For more information about potential risks,please refer to the Key Investor

Fund Past Performance Versus Benchmark

225

200

175

150

125

100

752015 2016 2017 2018 2019 2020 2021

B EUR Class Benchmark

Information Document (KIID), theAnnualised Returns % Prospectus and Supplement available at

www.ericsturdza.com/literature/.

Source of graphs and tables: Morningstar.The performances presented are shownafter deduction of ongoing charges andperformance fees. Any entry or exit feesare excluded from this calculation.Dividends reinvested. Benchmark: STOXXEurope 600 NR EUR. Same referenceperiod as for the class: Net Return,

AnnualisedInception1M 3M 1Y 2Y 3Y 5Y

B EUR Class -0.66 -5.67 26.01 24.77 21.43 13.29 10.95

Benchmark -2.53 -1.33 21.54 8.90 11.66 8.97 5.29

Calendar Year Returns %Fund

Inception dividend reinvested. The referenceYTD 2021 2020 2019 2018 2017 2016benchmark of this class is used forperformance comparison purposes only.The performance of the benchmark is notindicative of past or future performance ofthe Fund.Reference periods:• Annualised Returns as of the date of thereporting over the defined period. Dataless than 1 year is not annualised.

B EUR Class 18.90 26.98 25.04 -24.48 23.17 13.55 97.97

Benchmark 18.48 -1.99 26.82 -10.77 10.58 1.73 40.30

12 Month Returns %

01/12/2020 -30/11/2021

01/12/2019 -30/11/2020

01/12/2018 -30/11/2019

01/12/2017 -30/11/2018

01/12/2016 -30/11/2017

• Calendar Year Returns: AnnualB EUR Class 26.01 23.59 14.99 -17.95 27.02 Performance for the stated calendar year.

• 12 Month Returns: performance for thestated time frame.When the currency presented differs fromyours, changes in exchange rates may havean adverse effect on the value price orincome of the product. Class currencyhedging is used on non base currencyclasses aiming to reduce the impact ofcurrency risk. The performance and NAVsof all classes may be obtained atericsturdza.com. Please refer to theglossary at ericsturdza.com/glossary for

Benchmark 21.54 -2.42 17.39 -4.94 16.10

Statistics %Calculation Benchmark: STOXX Europe 600 NR EUR. 30/11/2016 to 30/11/2021

StandardDeviationAlpha Beta Sharpe Ratio Info Ratio

B EUR Class 3.07 1.15 0.74 0.45 18.60

Benchmark - 1.00 0.66 - 14.33

further explanation on specificPast performance may not be a reliable guide to future performance. Returns could be reduced, orlosses incurred, due to currency fluctuations.

terminologies.

© Copyright E.I. Sturdza Strategic Management Limited 2021. All rights reserved.

1 2 3 4 5 6 7


Top Holdings Sector Allocation %

Security Sector % Consumer Discretionary 36.10BEKAERT NV Materials 9.76 Information Technology 14.63IPSOS Communication Services 9.73 Materials 13.61ALBIOMA SA Utilities 5.59 Industrials 10.50HUNTER DOUGLAS NV Consumer Discretionary 5.08 Communication Services 9.73INDRA SISTEMAS SA Information Technology 4.80 Utilities 5.59

Top Overweightings % Market Cap Allocation %

Large Cap (>EUR 3 bn) 18.74Sector Fund Index Overweighting

Consumer Discretionary 36.10 11.42 24.68 Mid Cap (EUR 1-3 bn) 52.28Communication Services 9.73 3.68 6.05 Small Cap (EUR 100 mn-1 bn) 19.13Information Technology 14.63 8.99 5.64 Micro Cap (<EUR 100 mn) -Materials 13.61 9.09 4.52Utilities 5.59 4.13 1.46 Portfolio Weightings %

Long Exposure 90.15Top Underweightings %Hedge Exposure -Net Exposure 90.15Sector Fund Index Underweighting

Financials - 15.66 -15.66 Cash Exposure 9.85Health Care - 14.05 -14.05 Top 10 54.82Consumer Staples - 11.75 -11.75 Number of Holdings # 25Industrials 10.50 15.46 -4.96Energy - 3.69 -3.69

Geographical Allocation %

France 32.58 Spain 4.80Sweden 16.84 Luxembourg 4.14Belgium 12.75 Italy 2.89Netherlands 8.61 Switzerland 1.62Germany 5.94

Source: Eric Sturdza Investments. Allocation data is provided for illustration purposes and is subject to change. Any reference to a specific company orsecurity does not constitute a recommendation to buy, sell, hold or directly invest in the company or securities. The assets in the allocation may not beavailable in your country of residence, please check with your investment adviser. Please refer to the glossary at ericsturdza.com/glossary for furtherexplanation on specific terminologies.

Fund Share Classes, Assets Under Management (AUM) & NAVMorningstar

Overall Rating1Share Class ISIN Bloomberg Code Inception Date Fund AUM Class AUM NAV

A CHF Class IE00BWCGWD65 EISESCH ID † 24/03/2017 CHF138,853,364.40 CHF2,513,578.00 CHF1,575.21

QQQA EUR Class IE00BWCGWH04 EISESEU ID 05/05/2015 €133,304,608.00 €75,243,734.00 €1,971.05

B CHF Class IE00BD03RQ44 STESSBC ID † 30/11/2020 CHF138,853,364.40 CHF1,055,163.00 CHF1,245.54

QQQB EUR Class IE00BD03RN13 EISESEI ID 10/03/2017 €133,304,608.00 €40,978,534.00 €1,637.85

B USD Class IE00BD03RP37 STESSBU ID † 30/11/2020 $150,046,860.17 $735,102.00 $1,260.43

† Class not eligible for a Morningstar rating.



Fees & ExpensesMinimum Investment

(Class Currency) Management Fee (%)Performance

fee (%)2 Entry Fee (%)KIID Ongoing

Charge (%)Distribution

StatusShare Class ISIN Currency Hedged

A CHF Class IE00BWCGWD65 - 1.50 15.00 - 1.75 Acc Yes

A EUR Class IE00BWCGWH04 - 1.50 15.00 - 1.75 Acc No

B CHF Class IE00BD03RQ44 3,000,000.00 1.00 15.00 - 1.25 Acc Yes

B EUR Class IE00BD03RN13 3,000,000.00 1.00 15.00 - 1.25 Acc No

B USD Class IE00BD03RP37 3,000,000.00 1.00 15.00 - 1.25 Acc Yes

The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce thepotential growth of your investment.1Source of Rating: Morningstar. Rating provided for the defined share class. A high rating alone is an insufficient basis for an investment decision.Past performance is neither a guarantee nor a reliable indicator of future results. Returns could be reduced, or losses incurred, due to currencyfluctuations. Please refer to the following link for more information about the methodology of calculation: https://esi.fund/?ODI4MDE.2Of relative outperformance, if any, of the Net Asset Value per Share (before deducting the amount of any accrued liability for a performance fee) overthe Benchmark.

Portfolio Manager

Bertrand Faure has been Managing Director of Pascal Investment Advisers SAsince its inception in 2002. Prior to this he worked for Och-Ziff CapitalManagement Group in London between 1999 and 2001 as a hedge fundmanager focusing on merger arbitrage and event-driven investments. Beforejoining Och-Ziff he worked in the investment banking division of GoldmanSachs International in London between 1997 and 1999 and was involvedmostly in French related mergers and acquisitions and corporate financeprojects. Bertrand is a graduate of the Ecole Polytechnique in Paris.Further information on the investment team can be found at ericsturdza.com.

Key Facts & Terms

Fund Name Strategic European Silver Stars Fund

A Sub Fund Of E.I. Sturdza Funds plc

Structure UCITS V Compliant

Domicile Ireland

Fund Life Unlimited

Regulator Central Bank of Ireland

Investment Manager &Global Distributor

E.I. Sturdza Strategic Management Limited

Management Company Eric Sturdza Management Company S.A.

Investment Adviser Pascal Investment Advisers SA

Administrator SS&C Financial Services (Ireland) Limited

Depositary The Bank of New York Mellon SA/NV, Dublin Branch

Base Currency EUR

Benchmark STOXX Europe 600 NR EUR

Recommended HoldingPeriod

The Fund is deemed appropriate for investors who plan to investwith a medium to long view.

Available Currency Classes USD, EUR, CHF

Liquidity Daily

One business day for SubsFive business days for Reds

Notification

Tax Statement The Fund is subject to tax laws and regulations of Ireland.Depending on your home country of residence, this might have animpact on your investment. For further details, please speak to anadviser.


https://esi.fund/?ODI4MDE


Registrations, Market Definition, Local Agents & Representatives

The Fund is currently registered for sale in the following countries:

Country / Definition Country / Definition

Austria (P)Erste Bank de

Spain (P)CIFRADOC User / Local Representative: Landwell / PwC Madrid– CNMV number: 1269 – Local distributor: Allfunds Bank SA

oesterreichischen Sparkassen AG – PayingInformation Agent

France (P)CACEIS Bank France SA – Centralising Agent

Switzerland (P)The Fund is registered with the FINMA for public distribution toSwiss non-qualified investors. The Swiss Representative isCACEIS (Switzerland) SA and the Swiss Paying Agent is CACEISBank, Paris, Swiss Branch, 35 route de Signy, CH 1260 Nyon.Copies of the Swiss Prospectus, Swiss KIIDs, Swiss articles ofassociation, Swiss annual and semi-annual reports may beobtained free of charge in English and French at the Swissrepresentative or at www.ericsturdza.com. Publication ofsubscription/redemption prices and NAV: www.fundinfo.com

Germany (P)Marcard, Stein & Co AG – Paying & Information Agent(Publication of NAV: www.fundinfo.com)

Italy*Allfunds Bank SA, Milan Branch – Paying & Information Agent(Publication of NAV: www.fundinfo.com)

United Kingdom (P)The Fund is a Recognised fund in the United Kingdom under theFinancial Services and Markets Act 2000. This document is afinancial promotion and has been approved for the purposes ofSection 21 of the Financial Services and Markets Act 2000, byE.I. Sturdza Strategic Management Limited, which is anAuthorised Schedule 5 entity. UK regulation for the protection ofretail clients in the UK and the compensation available under theUK Financial Services Compensation scheme does not apply inrespect of any investment or services provided by an overseasperson. FE Fundinfo (UK) Ltd – Facilities Agent.

P= Public distribution to all investor types.Q= Qualified investor distribution / Professional / Institutional investors only.EU = Professional and Retail investors as per MiFID*Italy: Share classes can be registered either on an institutional basis or a retailbasis in Italy. Generally all Share Classes are registered on an institutional basis,with the exception of the professional and ‘C’ designated share class which areregistered for sale to the public.Switzerland: Swiss Qualified investors and Swiss non-qualified investors.United Kingdom: Professional Investors and Retail investors.Singapore: Qualified Investors (restricted schemes).

Citywire Fund Manager& Fund Group Ratings

MorningstarSustainability RatingsMorningstar Rating Fund Awards

Citywire Rating: The rating is based on the Fund Manager’s three-year risk-adjusted performance to 31/10/2021. Source & Disclaimer of Awards: ©2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may notbe copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsiblefor any damages or losses arising from any use of this information. For more information please press here. The Strategic European Silver Stars Fund BEUR Class received a 3 star Overall Morningstar Rating and a 3 star 5 year Morningstar Rating as of 31/10/2021. The Strategic European Silver StarsFund B EUR Class received a 3 Globe Morningstar Sustainability Award as at 30/09/2021, out of 681 Europe Equity Mid/Small Cap funds as of30/09/2021, based on 90.11% of AUM. Historical Sustainability Score as of 31/08/2021. Sustainalytics provides company-level analysis used in thecalculation of Morningstar’s Historical Sustainability Score. Data is based on long positions only. A high rating alone in an insufficient basis for aninvestment decision. Past performance is neither a guarantee nor a reliable indicator of future results. Returns could be reduced, or losses incurred,due to currency fluctuations.


https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000W222

Sean Murphy

Ink

Sean Murphy

Ink

E.I. Sturdza Funds plc – Strategic China Panda FundB USD Class - Representative Share Class • Return Date 30/11/2021 • Factsheet

Professional Marketing Communication / Publicité / Financial Promotion addressed to investors in the countries mentioned under “Registration andTarget Market Definition”, related to E.I. Sturdza Funds plc – Strategic China Panda Fund – (hereinafter referred to as the “Fund”) a sub-fund of E.I.Sturdza Funds plc, an Irish open-ended umbrella investment Company with variable capital – UCITS (“the Company”).



The Fund aims to achieve long-term capital growth in the value of the assets by investing in China-related securities, including H and A shares, listed in, but not limited to the Greater China region.Pursuant to the EU’s Sustainable Finance Disclosure Regulation (EU) 2019/2088 (‘SFDR’), the Fund isclassified as a fund that promotes environmental or social characteristics. The Fund will have anaveraged ESG score higher than the averaged ESG score of its initial investment universe. For moreinformation on the Fund’s investment approach with respect to sustainability and non-financialcriteria, please refer to Annex I of the Fund’s supplement or www.ericsturdza.com.The performance of the Fund and its performance fees are measured against the MSCI China NRUSD Index (the “Index”).There is no assurance or guarantee that the Fund’s investment objective will be achieved or thatthere will be a return on capital.



The risk indicator for the Fund is set as6, which reflects the historic pricebehaviour of the Fund.The sub-fund may be subject to highvolatility.Factors that affect the indicator include:Investments in equity securities are subjectto fluctuations in value dependent onmarket conditions which will directly affectthe value of investments. The Fund investswith a focus on a single country, China,which is an emerging market. Historically,the risk of investing in emerging markets ishigher than the risk of investing indeveloped markets. Investments throughthe Shanghai-Hong Kong Stock Connectare subject to additional risks as defined inthe KIID. Additional Risks: Custody andSettlement, Emerging Market, FinancialDerivatives, Liquidity, Operational andTaxation risks.For more information about potential risks,please refer to the Key Investor


540

430

320

210

100

-102009 2011 2013 2015 2017 2019 2021

Information Document (KIID), the B USD Class BenchmarkProspectus and Supplement available atwww.ericsturdza.com/literature/.

Annualised Returns %Source of graphs and tables: Morningstar.The performances presented are shownafter deduction of ongoing charges andperformance fees. Any entry or exit feesare excluded from this calculation.Dividends reinvested. Benchmark: MSCIChina NR USD. Same reference period asfor the class: Net Return, dividendreinvested. The reference benchmark ofthis class is used for performance


B USD Class -4.23 -9.49 -10.13 10.35 11.20 8.41 10.80

Benchmark -5.97 -7.88 -16.93 6.68 9.15 6.26 5.69


Inception comparison purposes only. TheYTD 2021 2020 2019 2018 2017 2016performance of the benchmark is notindicative of past or future performance ofthe Fund.Reference periods:• Annualised Returns as of the date of thereporting over the defined period. Dataless than 1 year is not annualised.

B USD Class -14.32 23.43 29.20 -20.97 64.04 -1.94 285.53

Benchmark -19.17 29.49 23.46 -18.88 54.07 -1.43 107.14

12 Month Returns %

• Calendar Year Returns: Annual01/12/2020 -30/11/2021

01/12/2019 -30/11/2020

01/12/2018 -30/11/2019

01/12/2017 -30/11/2018

01/12/2016 -30/11/2017 Performance for the stated calendar year.


B USD Class -10.13 29.08 15.83 -18.38 55.02

Benchmark -16.93 36.50 7.07 -12.00 44.98

Statistics %Calculation Benchmark: MSCI China NR USD. 30/11/2011 to 30/11/2021


B USD Class 1.87 0.83 0.40 0.06 18.78

Benchmark -1.44 1.01 0.27 -1.21 19.75 further explanation on specificterminologies.

Please refer to page 5 for full benchmark disclaimer.

Past performance may not be a reliable guide to future performance. Returns could be reduced, orlosses incurred, due to currency fluctuations.© Copyright E.I. Sturdza Strategic Management Limited 2021. All rights reserved.

1 2 3 4 5 6 7



Security Sector % Real Estate 29.48SITC INTERNATIONAL HOLDINGS Industrials 9.69 Consumer Discretionary 28.02COUNTRY GARDEN SERVICES HOLD Real Estate 6.45 Financials 14.57LONGFOR GROUP HOLDINGS LTD Real Estate 6.02 Industrials 10.77CHINA MERCHANTS BANK-H Financials 5.66 Communication Services 5.40PRADA S.P.A. Consumer Discretionary 4.54 Information Technology 4.14

Health Care 2.92

Top Overweightings %Market Cap Allocation %

Sector Fund Index Overweighting

Real Estate 29.48 4.06 25.42 Large Cap (>USD 5 bn) 73.48Industrials 10.77 5.47 5.30 Mid Cap (USD 1-5 bn) 19.98Financials 14.57 13.75 0.82 Small Cap (<USD 1 bn) 1.84

Top Underweightings % Portfolio Weightings %

Long Exposure 95.30Sector Fund Index Underweighting

Communication Services 5.40 18.29 -12.89 Hedge Exposure -Consumer Staples - 5.39 -5.39 Net Exposure 95.30Health Care 2.92 7.58 -4.66 Cash Exposure 4.70Consumer Discretionary 28.02 31.51 -3.49 Top 10 50.30Materials - 3.16 -3.16 Active Share 86.68

Number of Holdings # 35

Share Class Analysis %

A-Shares 0.00H-Shares 90.59B-Shares 0.00ADR 4.70





†A CHF Class IE00BHBF1323 STCHPCH ID 18/10/2017 $134,556,937.00 CHF1,206,577.00 CHF951.20

†A EUR Class IE00B3DKHB71 STCHPAE ID 03/10/2008 $134,556,937.00 €12,883,389.00 €3,239.66

QQQA USD Class IE00B3DKH950 STCHPAU ID 03/10/2008 $134,556,937.00 $37,488,265.00 $3,758.92

†AD GBP Class IE00B3DKHD95 STCHPAS ID 03/10/2008 $134,556,937.00 £463,050.00 £3,345.13

†B CHF Class IE00BHBF1760 STCHCHI ID 25/06/2018 $134,556,937.00 CHF241,722.00 CHF1,015.09

†B EUR Class IE00BHBF1547 STCHEHI ID 31/07/2015 $134,556,937.00 €3,024,912.00 €1,414.28

QQQQB USD Class IE00BHBF1430 STCHUSI ID 11/03/2014 $134,556,937.00 $76,984,621.00 $1,489.27




Fees & ExpensesPerformance feeManagement FeeMinimum Investment KIID Ongoing


StatusCurrencyHedgedShare Class ISIN (Class Currency) (%) (%)2 Entry Fee (%)

A CHF Class IE00BHBF1323 - 1.50 15.00 - 1.75 Acc Yes

A EUR Class IE00B3DKHB71 - 1.50 15.00 - 1.75 Acc Yes

A USD Class IE00B3DKH950 - 1.50 15.00 - 1.75 Acc No

AD GBP Class IE00B3DKHD95 - 1.50 15.00 - 1.75 Inc Yes

B CHF Class IE00BHBF1760 1,000,000.00 1.00 10.00 - 1.25 Acc Yes

B EUR Class IE00BHBF1547 1,000,000.00 1.00 10.00 - 1.25 Acc Yes

B USD Class IE00BHBF1430 1,000,000.00 1.00 10.00 - 1.25 Acc No


Portfolio Manager

Lilian Co has more than 20 years’ experience investing in Chinese and Asianequities. After a successful fund management career with Baring AssetManagement, Lilian now continues that investment style with Eric SturdzaInvestments and the Strategic China Panda Fund. Lilian is a CharteredFinancial Analyst (CFA), and holds a Bachelors of Commerce degree from theUniversity of Alberta (Canada) and an MBA from the University of Nottingham(UK).Further information on the investment team can be found at ericsturdza.com.

Key Facts & Terms

Fund Name Strategic China Panda Fund



Domicile Ireland

Fund Life Unlimited





Investment Adviser LBN Advisers Limited



Base Currency USD

Benchmark MSCI China NR USD



Available Currency Classes USD, EUR, GBP, CHF

Liquidity Daily

Notification One business day









Singapore (Q)The Fund is not authorised or recognised by the MonetaryAuthority of Singapore (“MAS”) and the Shares are not allowedto be offered to the retail public in Singapore. The sub-Fund is arestricted scheme under the Sixth Schedule to the Securities andFutures (Offers of Investments) (Collective Investment Schemes)Regulations of Singapore. This document can be transmittedonly (i) to “institutional investors” pursuant to Section 304 of theSecurities and Futures Act, Chapter 289 of Singapore (the“Act”), (ii) to “relevant persons” pursuant to Section 305(1) ofthe Act, (iii) to persons who meet the requirements of an offermade pursuant to Section 305(2) of the Act, or (iv) pursuant to,and in accordance with the conditions of, other applicableexemption provisions of the Act.


Finland (P)





Sweden (P)Skandinaviska Enskilda Banken AB – Paying AgentLiechtenstein (P)

LGT Bank AG – Paying Agent


Luxembourg (P)CACEIS Bank, Luxembourg Branch – Paying & RepresentativeAgent

Netherlands (P)

Norway (P)


United Arab Emirates (P)


MorningstarSustainability RatingsMorningstar Rating Fund Awards

Source & Disclaimer of Awards: © 2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/orits content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor itscontent providers are responsible for any damages or losses arising from any use of this information. For more information please press here. TheStrategic China Panda Fund B USD Class received a 4 star Overall Morningstar Rating and a 4 star 10 year Morningstar Rating as of 31/10/2021. TheStrategic China Panda Fund B USD Class received a 5 Globe Morningstar Sustainability Award as at 30/09/2021, out of 2,061 Greater China Equityfunds as of 30/09/2021, based on 91.41% of AUM. Historical Sustainability Score as of 31/08/2021. Sustainalytics provides company-level analysisused in the calculation of Morningstar’s Historical Sustainability Score. Data is based on long positions only. A high rating alone in an insufficient basisfor an investment decision. The Strategic China Panda Fund B USD Class received a Morningstar Low Carbon Award. Carbon Metrics as of30/09/2021. Based on 70.98% of AUM. Data is based on long positions only. Past performance is neither a guarantee nor a reliable indicator of futureresults. Returns could be reduced, or losses incurred, due to currency fluctuations.


https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F000002PGQ

E.I. Sturdza Funds plc – Strategic Europe Quality FundB EUR Class - Representative Share Class • Return Date 30/11/2021 • Factsheet

Professional Marketing Communication / Publicité / Financial Promotion addressed to investors in the countries mentioned under “Registration andTarget Market Definition”, related to E.I. Sturdza Funds plc – Strategic Europe Quality Fund – (hereinafter referred to as the “Fund”) a sub-fund of E.I.Sturdza Funds plc, an Irish open-ended umbrella investment Company with variable capital – UCITS (“the Company”).



The Fund aims to achieve long term capital growth by investing primarily in equities or other assetclasses representing the return of equity securities listed on exchanges within Europe, although amaximum of 25% of assets can be invested outside of Europe.Pursuant to the EU’s Sustainable Finance Disclosure Regulation (EU) 2019/2088 (‘SFDR’), the Fund isclassified as a fund that promotes environmental or social characteristics. The Fund will have anaveraged ESG score higher than the averaged ESG score of its initial investment universe. For moreinformation on the Fund’s investment approach with respect to sustainability and non-financialcriteria, please refer to Annex I of the Fund’s supplement or www.ericsturdza.com.The performance of the Fund and its performance fees are measured against the MSCI Europe NetTotal Return Index (the “Index”).There is no assurance or guarantee that the Fund’s investment objective will be achieved or thatthere will be a return on capital.



The risk indicator for the Fund is set as5, which reflects the historic pricebehaviour of the Fund.The sub-fund may be subject to highvolatility.Factors that affect the indicator include:Investments in equity securities are subjectto fluctuations in value dependent onmarket conditions which will directly affectthe value of investments. The Fund investswith a focus on Europe which may increasethe risk of investing when compared to afund that invests in a globally diversifiedrange of countries. The Fund invests in aconcentrated portfolio that may potentiallyfocus on one or more sectors or industries.The range of investments may increase therisk profile of the Fund compared to amore diversified portfolio across sectorsand industries. Additional Risks: Currency,


340

280

220

160

100

Custody and Settlement, FinancialDerivatives, Liquidity, Operational andTaxation risks.For more information about potential risks,please refer to the Key Investor

402011 2013 2015 2017 2019 2021

B EUR Class Benchmark Information Document (KIID), theProspectus and Supplement available atwww.ericsturdza.com/literature/.Annualised Returns %Source of graphs and tables: Morningstar.The performances presented are shownafter deduction of ongoing charges andperformance fees. Any entry or exit feesare excluded from this calculation.Dividends reinvested. Benchmark: MSCIEurope Net Total Return EUR Index. Samereference period as for the class: NetReturn, dividend reinvested. The referencebenchmark of this class is used forperformance comparison purposes only.The performance of the benchmark is notindicative of past or future performance ofthe Fund.Reference periods:• Annualised Returns as of the date of thereporting over the defined period. Dataless than 1 year is not annualised.


B EUR Class -1.57 -0.89 18.88 9.14 8.81 12.11 10.46

Benchmark -2.49 -1.02 21.39 10.93 8.56 9.26 7.65


InceptionYTD 2021 2020 2019 2018 2017 2016

B EUR Class 17.32 -8.18 27.57 -5.86 13.73 -6.94 201.47

Benchmark 18.59 -3.32 26.05 -10.57 10.24 2.58 126.53

12 Month Returns %

01/12/2020 -30/11/2021

01/12/2019 -30/11/2020

01/12/2018 -30/11/2019

01/12/2017 -30/11/2018

01/12/2016 -30/11/2017 • Calendar Year Returns: Annual

Performance for the stated calendar year.• 12 Month Returns: performance for thestated time frame.When the currency presented differs fromyours, changes in exchange rates may havean adverse effect on the value price orincome of the product. Class currencyhedging is used on non base currencyclasses aiming to reduce the impact ofcurrency risk. The performance and NAVsof all classes may be obtained atericsturdza.com. Please refer to theglossary at ericsturdza.com/glossary for

B EUR Class 18.88 -9.46 20.78 0.26 17.04

Benchmark 21.39 -3.61 16.67 -4.59 15.77

Statistics %Calculation Benchmark: MSCI Europe Net Total Return EUR Index. 30/11/2011 to 30/11/2021


B EUR Class 4.91 0.74 1.12 0.42 10.96

Benchmark - 1.00 0.73 - 12.99further explanation on specificterminologies.Please refer to page 5 for full benchmark disclaimer.


1 2 3 4 5 6 7



Security Sector % Industrials 35.16NESTLE SA-REG Consumer Staples 5.52 Consumer Discretionary 20.50RELX PLC Industrials 4.49 Consumer Staples 12.97AIR LIQUIDE SA Materials 3.95 Information Technology 8.77CIE FINANCIERE RICHEMO-A REG Consumer Discretionary 3.68 Materials 7.33WOLTERS KLUWER Industrials 3.24 Health Care 4.51

Communication Services 3.32Utilities 1.11Top Overweightings %

Sector Fund Index Overweighting Market Cap Allocation %Industrials 35.16 14.77 20.39Consumer Discretionary 20.50 11.71 8.79 Mega Cap (>EUR 20 bn) 64.14Consumer Staples 12.97 12.83 0.14 Large Cap A (EUR 10-20 bn) 21.19

Large Cap B (EUR 5-10 bn) 3.48Mid Cap (EUR 2-5 bn) 4.85Top Underweightings %Small Cap (<EUR 2 bn) -

Sector Fund Index Underweighting

Financials - 15.73 -15.73 Portfolio Weightings %Health Care 4.51 14.57 -10.06Energy - 4.56 -4.56 Long Exposure 93.66Utilities 1.11 4.25 -3.14 Hedge Exposure -Real Estate - 1.21 -1.21 Net Exposure 93.66

Cash Exposure 6.34Top 10 35.28Geographical Allocation %

Netherlands 5.22Active Share 88.66

France 38.76 Number of Holdings # 40Switzerland 12.96 Denmark 4.78United Kingdom 12.60 Ireland 2.59Germany 9.66 Spain 1.11United States 5.98





†A CHF Class IE00B8431S50 EISEVCA ID 24/01/2013 €238,143,035.00 CHF6,795,094.00 CHF213.89

QQA EUR Class IE00B5VJPM77 EISEVLE ID 29/10/2010 €238,143,035.00 €88,170,882.00 €277.72

†A USD Class IE00BHBF1984 EISTRUS ID 11/03/2016 €238,143,035.00 $1,010,047.00 $153.46

†B CHF Class IE00B76Y2204 EISEVIC ID 04/04/2017 €238,143,035.00 CHF2,877,489.00 CHF135.22

QQQB EUR Class IE00B7TRTL43 EISEVIE ID 28/12/2012 €238,143,035.00 €106,995,788.00 €252.76

†B GBP Class IE00B90YC864 EISTEGB ID 30/06/2014 €238,143,035.00 £2,239,009.00 £189.51

†B USD Class IE00BHBF1B05 EISTEUI ID 02/12/2015 €238,143,035.00 $1,596,905.00 $147.47

QBD EUR Class IE00BYNK3Z05 EISEEID ID 09/11/2015 €238,143,035.00 €8,726,226.00 €131.52

QC EUR Class IE00BP8G3R23 EISTREU ID 17/12/2015 €238,143,035.00 €2,374,465.00 €126.06

QQQE EUR Class IE00BF0VFZ78 EISVESP ID 07/03/2018 €238,143,035.00 €7,000.00 €140.00

QQQSI EUR Class IE00BD03RJ76 EISTESI ID 26/08/2016 €238,143,035.00 €17,566,320.00 €140.13

†SI USD Class IE00BD03RM06 EISTUSI ID 30/08/2016 €238,143,035.00 $77,240.00 $154.48




Fees & ExpensesPerformance feeManagement FeeMinimum Investment KIID Ongoing


StatusCurrencyHedgedShare Class ISIN (Class Currency) (%) (%)2 Entry Fee (%)

A CHF Class IE00B8431S50 - 1.50 10.00 - 1.75 Acc Yes

A EUR Class IE00B5VJPM77 - 1.50 10.00 - 1.75 Acc No

A USD Class IE00BHBF1984 - 1.50 10.00 - 1.75 Acc Yes

B CHF Class IE00B76Y2204 1,000,000.00 0.90 - - 1.15 Acc Yes

B EUR Class IE00B7TRTL43 1,000,000.00 0.90 - - 1.15 Acc No

B GBP Class IE00B90YC864 1,000,000.00 0.90 - - 1.15 Acc Yes

B USD Class IE00BHBF1B05 1,000,000.00 0.90 - - 1.15 Acc Yes

BD EUR Class IE00BYNK3Z05 1,000,000.00 0.90 - - 1.15 Inc No

C EUR Class IE00BP8G3R23 - 2.20 10.00 - 2.45 Acc No

E EUR Class IE00BF0VFZ78 - 0.70 - - 0.95 Acc No

SI EUR Class IE00BD03RJ76 10,000,000.00 0.75 - - 1.00 Acc No

SI USD Class IE00BD03RM06 10,000,000.00 0.75 - - 1.00 Acc Yes


Portfolio Managers

The Strategic Europe Quality Fund is managed by a teamof 2 experienced and complementary managers, LudovicLabal, who has 21 years of experience in equity marketsand Cyril Bertrand, who has worked in equity markets for23 years. Further details regarding the team, theirrespective experience and responsibilities towards theFund can be viewed at ericsturdza.com.Ludovic Labal Cyril Bertrand

Key Facts & Terms

Fund Name Strategic Europe Quality Fund



Domicile Ireland

Fund Life Unlimited





Investment Adviser Phileas Asset Management SAS



Base Currency EUR

Benchmark MSCI Europe Net Total Return EUR Index



Available Currency Classes EUR, USD, GBP, CHF

Liquidity Daily










Singapore (Q)The Fund is not authorised or recognised by the MonetaryAuthority of Singapore (“MAS”) and the Shares are not allowedto be offered to the retail public in Singapore. The sub-Fund is arestricted scheme under the Sixth Schedule to the Securities andFutures (Offers of Investments) (Collective Investment Schemes)Regulations of Singapore. This document can be transmittedonly (i) to “institutional investors” pursuant to Section 304 of theSecurities and Futures Act, Chapter 289 of Singapore (the“Act”), (ii) to “relevant persons” pursuant to Section 305(1) ofthe Act, (iii) to persons who meet the requirements of an offermade pursuant to Section 305(2) of the Act, or (iv) pursuant to,and in accordance with the conditions of, other applicableexemption provisions of the Act.


Belgium (P)CACEIS Bank, Belgium Branch –Paying & Information Agent

Bulgaria (P)

Finland (P)




Sweden (P)Skandinaviska Enskilda Banken AB – Paying Agent



Liechtenstein (P)LGT Bank AG – Paying Agent



Netherlands (P)

Norway (P)


Morningstar Rating Fund Awards

Source & Disclaimer of Awards: © 2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/orits content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor itscontent providers are responsible for any damages or losses arising from any use of this information. For more information please press here. TheStrategic Europe Quality Fund B EUR Class received a 3 star Overall Morningstar Rating and a 4 star 10 year Morningstar Rating as of 31/10/2021.Past performance is neither a guarantee nor a reliable indicator of future results. Returns could be reduced, or losses incurred, due to currencyfluctuations.


https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000LO66

E.I. Sturdza Funds plc – Sturdza Family FundB USD Class - Representative Share Class • Return Date 30/11/2021 • Factsheet

Professional Marketing Communication / Publicité / Financial Promotion addressed to investors in the countries mentioned under “Registration andTarget Market Definition”, related to E.I. Sturdza Funds plc – Sturdza Family Fund – (hereinafter referred to as the “Fund”) a sub-fund of E.I. SturdzaFunds plc, an Irish open-ended umbrella investment Company with variable capital – UCITS (“the Company”).



The investment objective of the Fund is to achieve capital appreciation over the long term byinvesting primarily in equities, fixed income or other asset classes on a global basis. Exposure toglobal equities will be between 51% and 80%, whilst fixed income exposure will be limited to20%-49% of NAV. The focus is on companies demonstrating strong growth that the InvestmentAdviser deem to be underappreciated by the market, whilst fixed income investments will beselected based on global macro-economic analysis and evaluation of central banks’ policies.Pursuant to the EU’s Sustainable Finance Disclosure Regulation (EU) 2019/2088 (‘SFDR’), the Fund isclassified as a fund that promotes environmental or social characteristics. The Fund will have anaveraged ESG score higher than the averaged ESG score of its initial investment universe. For moreinformation on the Fund’s investment approach with respect to sustainability and non-financialcriteria, please refer to Annex I of the Fund’s supplement or www.ericsturdza.com.The Fund performance is measured against the composite benchmark, whilst performance fees arecharged against the performance fee index – full details can be accessed here; https://ericsturdza.com/literature/.There is no assurance or guarantee that the Fund’s investment objective will be achieved or thatthere will be a return on capital.



The risk indicator for the Fund is set as5, which reflects the historic pricebehaviour of the Fund.The sub-fund may be subject to highvolatility.Factors that affect the indicator include:Investments in equity securities are subjectto fluctuations in value dependent onmarket conditions, whilst fixed incomeinvestments are subject to interest ratefluctuations which will directly affect the


150

investments are subject value of investments. Fixed income

to actual and140 perceived measures of issuers

creditworthiness, which could alter theirvalue and liquidity. The Fund may invest innon-investment grade issues and corporatehybrid bonds which are subject to a uniqueset of risks. Additional Risks: Credit,

130

120Custody and Settlement, FinancialDerivatives, Liquidity, Emerging Marketand Operational risks.For more information about potential risks,please refer to the Key Investor

110

100 Information Document (KIID), theProspectus and Supplement available atwww.ericsturdza.com/literature/.90

2019 2020 2021Source of graphs and tables: Morningstar.The performances presented are shownafter deduction of ongoing charges andperformance fees. Any entry or exit feesare excluded from this calculation.Dividends reinvested. Benchmark: MSCIWorld Net Dividends Index (60%) +Bloomberg US Aggregate Gov/Credit TotalReturn Value Unhedged USD (20%) +SOFR (20%). Same reference period as forthe class: Net Return, dividend reinvested.The reference benchmark of this class is

B USD Class SI USD Class Benchmark

Annualised Returns %Annualised

Inception1M 3M 1Y 2Y

B USD Class -2.09 -2.15 8.00 10.10 11.43

SI USD Class -2.39 -2.46 9.26 11.67 13.14

Benchmark -1.21 -0.63 12.43 12.01 13.10used for performance comparisonpurposes only. The performance of thebenchmark is not indicative of past orfuture performance of the Fund.Reference periods:• Annualised Returns as of the date of thereporting over the defined period. Dataless than 1 year is not annualised.


InceptionYTD 2021 2020 2019

B USD Class 5.92 13.33 18.02 37.80

SI USD Class 6.84 15.43 20.16 44.16• Calendar Year Returns: Annual

Benchmark 9.63 12.45 18.67 44.01 Performance for the stated calendar year.• 12 Month Returns: performance for thestated time frame.When the currency presented differs fromyours, changes in exchange rates may havean adverse effect on the value price orincome of the product. Class currencyhedging is used on non base currencyclasses aiming to reduce the impact ofcurrency risk. The performance and NAVsof all classes may be obtained atericsturdza.com. Please refer to theglossary at ericsturdza.com/glossary for

12 Month Returns %

01/12/2019 -01/12/2020 -30/11/2021 30/11/2020

B USD Class 8.00 12.26

SI USD Class 9.26 14.15

Benchmark 12.43 11.61

further explanation on specificPlease refer to page 5 for full benchmark disclaimer.

Past performance may not be a reliable guide to future performance. Returns could be reduced, orlosses incurred, due to currency fluctuations.

terminologies.


1 2 3 4 5 6 7


Top Holdings and Issuers Portfolio Characteristics %

Duration Hedge Exposure -Equity Sector %

MICROSOFT CORP Information Technology 2.44 Effective Maturity (years) 1.85

CENTENE CORP Health Care 2.08 Weighted Average Maturity (years) 1.45Average Yield to Maturity 0.35APPLE INC Information Technology 1.78

META PLATFORMS INC-CLASS A Communication Services 1.71 Average Modified Duration 1.38

UNITEDHEALTH GROUP INC Health Care 1.68

Portfolio Weightings %Fixed Income Sector %

T 1 3/4 05/31/22 Government 2.34%

T 1 3/4 01/31/23 Government 2.21Equity Exposure 62.77

T 1 5/8 08/31/22 Government 2.04Fixed Income Exposure 24.82

T 1 1/2 03/31/23 Government 1.89Hedge Exposure -1.14

T 1 3/4 07/15/22 Government 1.88Cash Exposure 13.55Number of Holdings # 110

Maturity Allocation % Top 10 20.25

Fixed Income %

Sector Allocation %< 1 year 13.451-3 years 5.67

Equity % Equity %3-5 years 3.88

Information Technology 17.06 Consumer Staples 3.325-7 years 1.21

Health Care 11.62 Industrials 2.707-10 years 0.61

Financials 8.39 Materials 1.93Consumer Discretionary 8.05 Index Diversified 1.01

Market Cap Allocation % Communication Services 6.67 Utilities 0.88

Fixed Income %Equity %

Government 24.82Large Cap (>USD 10 bn) 61.33Mid Cap (USD 2-10 bn) 0.30Small Cap (USD 250 mn-2 bn) - Geographical Allocation %

Equity % Equity %Credit Rating %United States 41.88 Ireland 1.34

Fixed Income % Japan 5.68 China 0.89AA 24.82 France 4.77 Spain 0.88

Germany 1.95 Canada 0.48Switzerland 1.74 Netherlands 0.40United Kingdom 1.62

Fixed Income %

United States 24.82



Fund Share Classes, Assets Under Management (AUM) & NAVShare Class ISIN Bloomberg Code Inception Date Fund AUM Class AUM NAV

A CHF Class IE00BF559C90 EISFMCH ID 14/12/2018 $323,649,179.00 CHF5,475,249.00 CHF1,284.71

A EUR Class IE00BF559D08 EISFMEH ID 14/12/2018 $323,649,179.00 €6,167,783.00 €1,288.70

A USD Class IE00BF559B83 EISFAMU ID 14/12/2018 $323,649,179.00 $61,473,448.00 $1,361.40

B CHF Class IE00BF559H46 STFMCHI ID 30/01/2019 $323,649,179.00 CHF1,423,463.00 CHF1,277.52

B EUR Class IE00BF55FR67 EISFEHI ID 14/12/2018 $323,649,179.00 €6,836,376.00 €1,308.24

B USD Class IE00BF559G39 EISFMUI ID 14/12/2018 $323,649,179.00 $67,604,271.00 $1,378.02

SI EUR Class IE00BHJW6Z26 STFMEHS ID 24/10/2019 $323,649,179.00 €8,628,758.00 €1,235.15

SI USD Class IE00BHJW6X02 EISFUSI ID 14/12/2018 $323,649,179.00 $162,766,607.00 $1,441.63




(Class Currency)Performance



StatusShare Class ISIN Management Fee (%) Currency Hedged

A CHF Class IE00BF559C90 - 1.50 15.00 - 1.72 Acc Yes

A EUR Class IE00BF559D08 - 1.50 15.00 - 1.72 Acc Yes

A USD Class IE00BF559B83 - 1.50 15.00 - 1.72 Acc No

B CHF Class IE00BF559H46 1,000,000.00 1.00 15.00 - 1.22 Acc Yes

B EUR Class IE00BF55FR67 1,000,000.00 1.00 15.00 - 1.22 Acc Yes

B USD Class IE00BF559G39 1,000,000.00 1.00 15.00 - 1.22 Acc No

SI EUR Class IE00BHJW6Z26 10,000,000.00 0.75 - - 0.97 Acc Yes

SI USD Class IE00BHJW6X02 10,000,000.00 0.75 - - 0.97 Acc No

The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce thepotential growth of your investment.1Of relative outperformance, if any, of the Net Asset Value per Share (before deducting the amount of any accrued liability for a performance fee) overthe Benchmark.

Portfolio Managers

The Sturdza Family Fund is managed by a team of sixexperienced and complementary managers, led by Ericand Constantin Sturdza. Further details regarding theteam, their respective experience and responsibilitiestowards the Fund can be viewed at ericsturdza.com.

Eric I. Sturdza ConstantinSturdza

Key Facts & Terms

Fund Name Sturdza Family Fund



Domicile Ireland

Fund Life Unlimited





Investment Adviser Banque Eric Sturdza SA



Base Currency USD

MSCI World Net Dividends Index (60%) + Bloomberg USAggregate Gov/Credit Total Return Value Unhedged USD (20%) +SOFR (20%)

Benchmark

Performance FeeBenchmark

3 Month Treasury Bill index + 2.5%



Available Currency Classes USD, EUR, GBP, CHF

Liquidity Daily












Finland (P)







Netherlands (P)

Norway (P)


MorningstarSustainability Ratings

Source & Disclaimer of Awards: © 2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/orits content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor itscontent providers are responsible for any damages or losses arising from any use of this information. For more information please press here. TheSturdza Family Fund B USD Class received a 5 Globe Morningstar Sustainability Award as at 30/09/2021, out of 3,020 Flexible Allocation funds as of30/09/2021, based on 99.92% of AUM. Historical Sustainability Score as of 31/08/2021. Sustainalytics provides company-level analysis used in thecalculation of Morningstar’s Historical Sustainability Score. Data is based on long positions only. A high rating alone in an insufficient basis for aninvestment decision. Past performance is neither a guarantee nor a reliable indicator of future results. Returns could be reduced, or losses incurred,due to currency fluctuations.


https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F000011Q0W

Sean Murphy

Ink

E.I. Sturdza Funds plc – Strategic Bond Opportunities FundB USD Class - Representative Share Class • Return Date 30/11/2021 • Factsheet

Professional Marketing Communication / Publicité / Financial Promotion addressed to investors in the countries mentioned under “Registration andTarget Market Definition”, related to E.I. Sturdza Funds plc – Strategic Bond Opportunities Fund – (hereinafter referred to as the “Fund”) a sub-fundof E.I. Sturdza Funds plc, an Irish open-ended umbrella investment Company with variable capital – UCITS (“the Company”).



The investment objective of the Fund is to achieve a total return through a combination of capitalgrowth and income by investing in a globally diversified portfolio of fixed income securities that arelisted or traded on a Recognised Exchange. The Fund invests in bonds predominantly denominatedin USD, including Sovereigns, Supranationals and Agencies (together SSAs), corporate bonds acrossall sectors and financials.Pursuant to the EU’s Sustainable Finance Disclosure Regulation (EU) 2019/2088 (‘SFDR’), the Fund isclassified as a fund that promotes environmental or social characteristics. The Fund will have anaveraged ESG score higher than the averaged ESG score of its initial investment universe. For moreinformation on the Fund’s investment approach with respect to sustainability and non-financialcriteria, please refer to Annex I of the Fund’s supplement or www.ericsturdza.com.The performance of the Fund is measured against the Composite Benchmark Index (the “Index”).There is no assurance or guarantee that the Fund’s investment objective will be achieved or thatthere will be a return on capital.



The risk indicator for the Fund is set as3, which reflects the historic pricebehaviour of the Fund.Factors that affect the indicator include:Investments in bond and fixed incomeinvestments are subject to interest ratefluctuations and perceived measures ofissuers creditworthiness which will directlyaffect the value of investments. The Fundmay invest in non-investment grade issuesand in corporate hybrid bonds which aresubject to a unique set of risks. Investmentin some markets, particularly emergingmarkets, may carry additional risksassociated with failed or delayedsettlement of market transactions and withthe registration and custody of securities,resulting in a higher than average risk.Additional Risks: Credit, Custody andSettlement, Financial Derivatives, Liquidityand Operational risks.For more information about potential risks,please refer to the Key Investor


115

110

105

Information Document (KIID), the1002019 2020 2021 Prospectus and Supplement available at

www.ericsturdza.com/literature/. B USD Class Benchmark

Source of graphs and tables: Morningstar.The performances presented are shownafter deduction of ongoing charges andperformance fees. Any entry or exit feesare excluded from this calculation.Dividends reinvested. Benchmark: 50%Secured Overnight Financing Rate (USD)(SOFR) + 50% Bloomberg US AggregateGovernment/Credit Total Return ValueUnhedged USD (LUGCTRUU). Samereference period as for the class: NetReturn, dividend reinvested. The referencebenchmark of this class is used forperformance comparison purposes only.The performance of the benchmark is notindicative of past or future performance ofthe Fund.Reference periods:• Annualised Returns as of the date of thereporting over the defined period. Dataless than 1 year is not annualised.


Inception1M 3M 1Y 2Y

B USD Class -0.16 -1.33 -0.82 2.24 4.23

Benchmark 0.24 -0.27 -0.63 1.91 3.46


InceptionYTD 2021 2020 2019

B USD Class -1.08 5.85 7.47 13.06

Benchmark -0.68 4.61 5.94 10.60

12 Month Returns %

01/12/2019 -01/12/2020 -• Calendar Year Returns: Annual30/11/2021 30/11/2020Performance for the stated calendar year.• 12 Month Returns: performance for thestated time frame.When the currency presented differs fromyours, changes in exchange rates may havean adverse effect on the value price orincome of the product. Class currencyhedging is used on non base currencyclasses aiming to reduce the impact ofcurrency risk. The performance and NAVsof all classes may be obtained atericsturdza.com. Please refer to theglossary at ericsturdza.com/glossary for

B USD Class -0.82 5.40

Benchmark -0.63 4.53

further explanation on specificterminologies.


1 2 3 4 5 6 7


Top Issuers Credit Rating %

Issue Sector % AAA 3.40UNITED STATES TREASURY Government 6.82 AA 18.28REP OF ITALY GOVERNMENT INTL BOND Government 4.02 A 14.89NEW YORK LIFE GLOBAL FUNDING Financial 3.78 BBB 43.55GRUPO BIMBO SAB DE CV Consumer, Non-Cyclical 3.54 BB 19.12ORANGE SA Communications 3.48 NR -

Maturity Allocation % Sector Allocation %

0 - 1 yr 10.461 - 3 yr 9.042 year Nt FUT -3 - 5 yr 26.215 year Nt FUT -

5 - 7 yr 17.687 - 10 yr 34.0710+ yr 1.7610 year Nt FUT -20 year Nt FUT -

Communications 24.73Utilities 17.23Government 16.57Consumer Staples 12.79Financials 10.66Energy 6.38Industrials 4.95Geographical Allocation %

Portugal 2.51Technology 4.23

United States 33.05 Consumer Discretionary 1.68France 13.16 South Korea 2.37United Kingdom 9.16 Indonesia 2.32

Portfolio Characteristics %Germany 6.75 United Arab Emirates 2.30Spain 6.69China 6.38Italy 4.02

Romania 2.23Singapore 1.78Chile 1.78

Weighted Average Maturity (years) 5.73Average Yield to Maturity 2.29Average Modified Duration 5.08

Mexico 3.54 Switzerland 1.19

Portfolio Weightings %

Long Exposure 99.24Duration Hedge Exposure -Cash Exposure 0.76Top 10 38.23Number of Holdings # 47



A CHF Class IE00BF55G628 EISBCHA ID 14/12/2018 $89,664,352.00 CHF3,086,755.00 CHF1,050.62

A EUR Class IE00BF55G735 EISBOEH ID 14/12/2018 $89,664,352.00 €4,823,089.00 €1,056.05

A USD Class IE00BF55G511 EISBOUA ID 14/12/2018 $89,664,352.00 $34,277,131.00 $1,117.59

AD EUR Class IE00BF55G404 EISBEHD ID 14/12/2018 $89,664,352.00 €387,609.00 €899.90

B CHF Class IE00BF55FZ42 STSBOBC ID 26/11/2020 $89,664,352.00 CHF6,208,194.00 CHF980.18

B EUR Class IE00BF55G065 EISBEHI ID 14/12/2018 $89,664,352.00 €13,019,890.00 €1,070.22

B GBP Class IE00BMVHG165 EISBOBP ID 29/01/2021 $89,664,352.00 £50,520.00 £991.56

B USD Class IE00BF55FY35 EISBOUI ID 14/12/2018 $89,664,352.00 $20,177,237.00 $1,130.60

SI GBP Class IE00BMVHG058 EISBOSP ID 29/01/2021 $89,664,352.00 £4,961.00 £992.19

SI USD Class IE00BF55G172 EISBOSI ID 14/01/2021 $89,664,352.00 $4,571,982.00 $992.83




(Class Currency)Performance



StatusShare Class ISIN Management Fee (%) Currency Hedged

A CHF Class IE00BF55G628 - 0.80 - - 1.06 Acc Yes

A EUR Class IE00BF55G735 - 0.80 - - 1.06 Acc Yes

A USD Class IE00BF55G511 - 0.80 - - 1.06 Acc No

AD EUR Class IE00BF55G404 - 0.80 - - 1.06 Inc Yes

B CHF Class IE00BF55FZ42 1,000,000.00 0.40 - - 0.66 Acc Yes

B EUR Class IE00BF55G065 1,000,000.00 0.40 - - 0.66 Acc Yes

B GBP Class IE00BMVHG165 1,000,000.00 0.40 - - 0.66 Acc Yes

B USD Class IE00BF55FY35 1,000,000.00 0.40 - - 0.66 Acc No

SI GBP Class IE00BMVHG058 10,000,000.00 0.30 - - 0.56 Acc Yes

SI USD Class IE00BF55G172 10,000,000.00 0.30 - - 0.56 Acc No


Portfolio Manager

Eric Vanraes, a fixed income specialist since 1990, has been head of fixedincome investments within the Eric Sturdza Group from July 2008. Prior tojoining Banque Eric Sturdza SA he was a member of Senior Management,Head of Credit and Absolute Return Portfolio Management and Manager offour compartments of the SICAV UBAM at Union Bancaire Privée. Eric is agraduate of Grenoble Ecole de Management and the Institut d’EtudesPolitiques. Further information on the investment team can be found at ericsturdza.com.

Key Facts & Terms

Fund Name Strategic Bond Opportunities Fund



Domicile Ireland

Fund Life Unlimited





Investment Adviser Banque Eric Sturdza SA



Base Currency USD

50% Secured Overnight Financing Rate (USD) (SOFR) + 50%Bloomberg US Aggregate Government/Credit Total Return ValueUnhedged USD (LUGCTRUU)

Benchmark



Available Currency Classes USD, EUR, CHF

Liquidity Daily









Finland (P)

France (P)CACEIS Bank France SA – Centralising Agent Sweden (P)

Skandinaviska Enskilda Banken AB – Paying AgentGermany (P)Marcard, Stein & Co AG – Paying & Information Agent(Publication of NAV: www.fundinfo.com)





Netherlands (P)

Norway (P)


MorningstarSustainability Ratings

Source & Disclaimer of Awards: © 2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/orits content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor itscontent providers are responsible for any damages or losses arising from any use of this information. For more information please press here. TheStrategic Bond Opportunities Fund B USD Class received a 3 Globe Morningstar Sustainability Award as at 30/09/2021, out of 1,736 Global FixedIncome funds as of 30/09/2021, based on 99.32% of AUM. Historical Sustainability Score as of 31/08/2021. Sustainalytics provides company-levelanalysis used in the calculation of Morningstar’s Historical Sustainability Score. Data is based on long positions only. A high rating alone in aninsufficient basis for an investment decision. Past performance is neither a guarantee nor a reliable indicator of future results. Returns could bereduced, or losses incurred, due to currency fluctuations.


https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F000011Q0R

Sean Murphy

Ink

E.I. Sturdza Funds plc – Nippon Growth (UCITS) FundA JPY Class - Representative Share Class • Return Date 30/11/2021 • Factsheet

Professional Marketing Communication / Publicité / Financial Promotion addressed to investors in the countries mentioned under “Registration andTarget Market Definition”, related to E.I. Sturdza Funds plc – Nippon Growth (UCITS) Fund – (hereinafter referred to as the “Fund”) a sub-fund of E.I.Sturdza Funds plc, an Irish open-ended umbrella investment Company with variable capital – UCITS (“the Company”).



The investment objective of the Fund is to achieve long-term capital growth through active sectorallocation and stock selection resulting from changes in economic conditions. The Fund will investprimarily in equities or other asset classes representing the return of equity securities listed on theTokyo and Osaka Stock Exchanges.Pursuant to the EU’s Sustainable Finance Disclosure Regulation (EU) 2019/2088 (‘SFDR’), the Fund isclassified as a fund that promotes environmental or social characteristics. The Fund will have anaveraged ESG score higher than the averaged ESG score of its initial investment universe. For moreinformation on the Fund’s investment approach with respect to sustainability and non-financialcriteria, please refer to Annex I of the Fund’s supplement or www.ericsturdza.com.The performance of the Fund and its performance fees are measured against the TOPIX TRJPY Index (the “Index”).There is no assurance or guarantee that the Fund’s investment objective will be achieved or thatthere will be a return on capital.



The risk indicator for the Fund is set as6, which reflects the historic pricebehaviour of the Fund.The sub-fund may be subject to highvolatility.Factors that affect the indicator include:Investments in equity securities are subjectto fluctuations in value dependent onmarket conditions which will directly affectthe value of investments. The Fund investswith a focus on a single country which mayincrease the risk of investing whencompared to a fund that invests in aglobally diversified range of countries.Additional Risks: Custody and Settlement,


275

250

225

200

175Liquidity, Operational, FinancialDerivatives, Counterparty and Taxationrisks.For more information about potential risks,please refer to the Key Investor

150

125

100 Information Document (KIID), theProspectus and Supplement available atwww.ericsturdza.com/literature/.

75

50Source of graphs and tables: Morningstar.The performances presented are shownafter deduction of ongoing charges andperformance fees. Any entry or exit feesare excluded from this calculation.Dividends reinvested. Benchmark: TOPIXTR JPY. Same reference period as for theclass: Net Return, dividend reinvested. Thereference benchmark of this class is usedfor performance comparison purposesonly. The performance of the benchmark isnot indicative of past or futureperformance of the Fund.Reference periods:• Annualised Returns as of the date of thereporting over the defined period. Dataless than 1 year is not annualised.

2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021

A JPY Class Benchmark


Inception1M 1Y 3Y 5Y 10Y 15Y

A JPY Class -6.68 22.93 5.97 5.75 9.56 1.36 4.56

Benchmark -3.61 12.22 7.47 8.00 12.64 3.36 4.44


InceptionStrategy

InceptionYTD 2021 2020 2019 2018 2017 2016

A JPY Class 18.93 -5.55 19.10 -20.67 20.88 -2.21 103.25 146.90 • Calendar Year Returns: AnnualPerformance for the stated calendar year.• 12 Month Returns: performance for thestated time frame.When the currency presented differs fromyours, changes in exchange rates may havean adverse effect on the value price orincome of the product. Class currencyhedging is used on non base currencyclasses aiming to reduce the impact ofcurrency risk. The performance and NAVsof all classes may be obtained atericsturdza.com. Please refer to theglossary at ericsturdza.com/glossary for

Benchmark 8.98 7.39 18.12 -15.97 22.23 0.31 174.85 141.28

12 Month Returns %

01/12/2020 -30/11/2021

01/12/2019 -30/11/2020

01/12/2018 -30/11/2019

01/12/2017 -30/11/2018

01/12/2016 -30/11/2017

A JPY Class 22.93 -6.76 3.81 -7.82 20.57

Benchmark 12.22 5.81 4.54 -4.95 24.52

Statistics %Calculation Benchmark: TOPIX TR JPY. 30/11/2006 to 30/11/2021 further explanation on specific

terminologies.StandardDeviationAlpha Beta Sharpe Ratio Info Ratio

A JPY Class -1.57 1.10 0.05 -0.19 22.11

Benchmark - 1.00 0.18 - 17.88


1 2 3 4 5 6 7



Security Sector % Wholesale Trade 17.39ITOCHU CORP Wholesale Trade 8.61 Banks 13.98MITSUBISHI UFJ FINANCIAL GROUP Banks 5.72 Marine Transportation 11.77ORIX CORP Other Financing Business 5.69 Iron & Steel 6.99SUMITOMO MITSUI FINANCIAL GROUP Banks 4.50 Machinery 6.68MITSUBISHI CORP Wholesale Trade 4.48 Construction 5.95

Other Financing Business 5.69Chemicals 5.05Top Overweightings %Nonferrous Metals 4.81Securities & Commodity Futures 4.04Sector Fund Index Overweighting

Electric Appliances 3.79Wholesale Trade 17.39 5.10 12.29Real Estate 3.67Marine Transportation 11.77 0.42 11.35Mining 2.48Banks 13.98 4.66 9.32Oil & Coal Products 2.46Iron & Steel 6.99 0.70 6.29Transportation Equipment 1.64Other Financing Business 5.69 1.13 4.56Pharmaceutical 1.13Services 0.82Top Underweightings %

Sector Fund Index Underweighting Market Cap Allocation %Electric Appliances 3.79 19.80 -16.01

Large Cap (>JPY 500 bn) 84.73Information & Communication - 8.63 -8.63Mid Cap (JPY 100-500 bn) 10.23Transportation Equipment 1.64 8.07 -6.43Small Cap (<JPY 100 bn) 3.38Services 0.82 6.42 -5.60

Retail Trade - 4.19 -4.19

Portfolio Weightings %

Long Exposure 98.34Hedge Exposure -Net Exposure 98.34Cash Exposure 1.66Top 10 49.97Active Share 89.30Number of Holdings # 31



A JPY Class IE00B563Q870 EINGROB ID 04/11/2009 ¥1,892,608,108.00 ¥1,451,510,221.00 ¥106,153

B EUR Class IE00B95WDX70 EINGREI ID 28/03/2013 €14,808,494.47 €667,628.00 €1,557.28

M JPY Class IE00B45CFP81 EINGROA ID 22/10/2009 ¥1,892,608,108.00 ¥355,770,889.00 ¥126,583








A JPY Class IE00B563Q870 - 1.50 15.00 - 1.92 Acc No

B EUR Class IE00B95WDX70 1,000,000.00 1.00 10.00 - 1.42 Acc Yes

M JPY Class IE00B45CFP81 - 1.50 12.50 - 1.92 Acc No


Portfolio Managers

Yutaka Uda is Founder, CIO and President of Tokyo-basedEvarich Asset Management. Uda was previously ManagingDirector and CIO of Nikko Asset Management and alsoenjoyed 15 years managing funds for Baring AssetManagement in London and Tokyo. He began as ananalyst at Nikko Securities in 1971 after graduating fromTokyo University.The Fund is co-managed by Maiko Uda. Further

ericsturdza.com.information on the investment team can be found at

Yutaka Uda Maiko Uda

Key Facts & Terms

Fund Name Nippon Growth (UCITS) Fund



Domicile Ireland

Fund Life Unlimited





Investment Adviser Evarich Asset Management



Base Currency JPY

Benchmark TOPIX TR JPY



Available Currency Classes JPY, EUR, CHF, GBP, USD

Liquidity Daily

Notification Two business days











Finland (P)







Netherlands (P)

Norway (P)



Sean Murphy

Ink

E.I. Sturdza Funds plc – Strategic Japan Opportunities FundB JPY Class - Representative Share Class • Return Date 30/11/2021 • Factsheet

Professional Marketing Communication / Publicité / Financial Promotion addressed to investors in the countries mentioned under “Registration andTarget Market Definition”, related to E.I. Sturdza Funds plc – Strategic Japan Opportunities Fund – (hereinafter referred to as the “Fund”) a sub-fundof E.I. Sturdza Funds plc, an Irish open-ended umbrella investment Company with variable capital – UCITS (“the Company”).



The investment objective of the Fund is to outperform the broad Japanese equity market over thelong-term by investing primarily in equities or other asset classes of Japanese companies. The Fundinvests in companies with consistent revenue/profit growth and strong management regardless ofsize, history, brand or market capitalisation.Pursuant to the EU’s Sustainable Finance Disclosure Regulation (EU) 2019/2088 (‘SFDR’), the Fund isclassified as a fund that promotes environmental or social characteristics. The Fund will have anaveraged ESG score higher than the averaged ESG score of its initial investment universe. For moreinformation on the Fund’s investment approach with respect to sustainability and non-financialcriteria, please refer to Annex I of the Fund’s supplement or www.ericsturdza.com.The performance of the Fund and its performance fees are measured against the TOPIX TRJPY Index (the “Index”).There is no assurance or guarantee that the Fund’s investment objective will be achieved or thatthere will be a return on capital.



The risk indicator for the Fund is set as6, which reflects the historic pricebehaviour of the Fund.The sub-fund may be subject to highvolatility.Factors that affect the indicator include:Investments in equity securities are subjectto fluctuations in value dependent onmarket conditions which will directly affectthe value of investments. The Fund investswith a focus on a single country which mayincrease the risk of investing whencompared to a fund that invests in aglobally diversified range of countriesAdditional Risks: Custody and Settlement,Financial Derivatives, Liquidity, MarketCapitalisation, Taxation and Operationalrisks.For more information about potential risks,please refer to the Key Investor


160

140

120

100Information Document (KIID), theProspectus and Supplement available atwww.ericsturdza.com/literature/.

80Source of graphs and tables: Morningstar.The performances presented are shownafter deduction of ongoing charges andperformance fees. Any entry or exit feesare excluded from this calculation.Dividends reinvested. Benchmark: TOPIXTR JPY. Same reference period as for theclass: Net Return, dividend reinvested. Thereference benchmark of this class is usedfor performance comparison purposesonly. The performance of the benchmark isnot indicative of past or futureperformance of the Fund.Reference periods:• Annualised Returns as of the date of thereporting over the defined period. Dataless than 1 year is not annualised.

2017 2018 2019 2020 2021

B JPY Class Benchmark


Inception1M 3M 1Y 2Y 3Y

B JPY Class -1.92 1.58 8.35 11.36 7.83 8.82

Benchmark -3.61 -0.83 12.22 8.96 7.47 6.91


InceptionYTD 2021 2020 2019 2018

B JPY Class 6.68 14.91 19.17 -20.37 48.89 • Calendar Year Returns: AnnualPerformance for the stated calendar year.• 12 Month Returns: performance for thestated time frame.When the currency presented differs fromyours, changes in exchange rates may havean adverse effect on the value price orincome of the product. Class currencyhedging is used on non base currencyclasses aiming to reduce the impact ofcurrency risk. The performance and NAVsof all classes may be obtained atericsturdza.com. Please refer to theglossary at ericsturdza.com/glossary for

Benchmark 8.98 7.39 18.12 -15.97 37.01

12 Month Returns %

01/12/2017 -01/12/2018 -01/12/2019 -01/12/2020 -30/11/2021 30/11/2020 30/11/2019 30/11/2018

B JPY Class 8.35 14.46 1.10 -3.52

Benchmark 12.22 5.81 4.54 -4.95

Statistics %Calculation Benchmark: TOPIX TR JPY. 30/11/2018 to 30/11/2021 further explanation on specific

terminologies.StandardDeviationAlpha Beta Sharpe Ratio Info Ratio

B JPY Class 0.01 1.12 0.39 0.04 20.08

Benchmark - 1.00 0.46 - 16.45


1 2 3 4 5 6 7



Security Sector % Information Technology 38.34GMO PAYMENT GATEWAY INC Information Technology 3.57 Industrials 27.05BENEFIT ONE INC Industrials 3.19 Consumer Discretionary 11.13JAPAN MATERIAL CO LTD Information Technology 2.95 Materials 6.86IBIDEN CO LTD Information Technology 2.81 Health Care 6.50ULVAC INC Information Technology 2.59 Communication Services 3.22

Financials 1.63Real Estate 1.54Top Overweightings %Consumer Staples 0.82


Information Technology 38.34 14.41 23.93 Market Cap Allocation %Industrials 27.05 24.45 2.60Materials 6.86 5.99 0.87 Large Cap (> JPY 300 bn) 45.89

Small-Mid Cap (JPY 30-300 bn) 48.97Micro Cap (<JPY 30 bn) 2.22Top Underweightings %

Sector Fund Index Underweighting Portfolio Weightings %Consumer Discretionary 11.13 18.57 -7.44Financials 1.63 8.86 -7.23 Long Exposure 97.08Consumer Staples 0.82 7.24 -6.42 Hedge Exposure -Communication Services 3.22 7.78 -4.56 Net Exposure 97.08Health Care 6.50 8.80 -2.30 Cash Exposure 2.92

Top 10 27.50Active Share 93.59Number of Holdings # 87




A EUR Class IE00BYV1GD42 EISJOEH ID † 16/03/2017 €45,792,142.61 €2,254,428.00 €1,418.09

QQQA JPY Class IE00BYV1GB28 EISSJOJ ID 16/03/2017 ¥5,852,492,351.00 ¥1,148,764,289.00 ¥72,557

†A USD Class IE00BYV1GK19 EISJOUH ID 16/03/2017 $51,543,349.55 $4,817,025.00 $1,533.53

†B EUR Class IE00BYV1GG72 EISJEHI ID 14/03/2018 €45,792,142.61 €1,511,821.00 €1,143.12

QQQB JPY Class IE00BYV1GC35 EISSJOJI ID 16/03/2017 ¥5,852,492,351.00 ¥3,384,380,995.00 ¥74,445

†B USD Class IE00BYV1GM33 EISJOUI ID 16/03/2017 $51,543,349.55 $2,563,281.00 $1,575.22









A EUR Class IE00BYV1GD42 - 1.50 15.00 - 1.77 Acc Yes

A JPY Class IE00BYV1GB28 - 1.50 15.00 - 1.77 Acc No

A USD Class IE00BYV1GK19 - 1.50 15.00 - 1.77 Acc Yes

B EUR Class IE00BYV1GG72 1,000,000.00 1.00 15.00 - 1.27 Acc Yes

B JPY Class IE00BYV1GC35 100,000,000.00 1.00 15.00 - 1.27 Acc No

B USD Class IE00BYV1GM33 1,000,000.00 1.00 15.00 - 1.27 Acc Yes


Portfolio Manager

Mitsuhiro Yuasa has over 29 years investment experience and co-foundedRheos in 2003 following a career at Rothschild Asset Management andGartmore Asset Management. He has extensive experience managing foreigninstitutional and domestic pension clients as well as emerging growth stockportfolios and equity strategies, with a deep understanding of the Japaneseand global asset management industry.Further information on the investment team can be found at ericsturdza.com.

Key Facts & Terms

Fund Name Strategic Japan Opportunities Fund



Domicile Ireland

Fund Life Unlimited





Investment Adviser Rheos Capital Works Inc.



Base Currency JPY

Benchmark TOPIX TR JPY



Available Currency Classes JPY, EUR, CHF, GBP, USD

Liquidity Daily















Citywire Fund Manager& Fund Group Ratings

MorningstarSustainability RatingsMorningstar Rating

Citywire Rating: The rating is based on the Fund Manager’s three-year risk-adjusted performance to 31/10/2021. Source & Disclaimer of Awards: ©2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may notbe copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsiblefor any damages or losses arising from any use of this information. For more information please press here. The Strategic Japan Opportunities Fund BJPY Class received a 3 star Overall Morningstar Rating and a 3 star 3 year Morningstar Rating as of 31/10/2021. The Strategic Japan OpportunitiesFund B JPY Class received a 3 Globe Morningstar Sustainability Award as at 30/09/2021, out of 1,043 Japan Equity funds as of 30/09/2021, based on89.59% of AUM. Historical Sustainability Score as of 31/08/2021. Sustainalytics provides company-level analysis used in the calculation ofMorningstar’s Historical Sustainability Score. Data is based on long positions only. A high rating alone in an insufficient basis for an investmentdecision. Past performance is neither a guarantee nor a reliable indicator of future results. Returns could be reduced, or losses incurred, due tocurrency fluctuations.


https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000YOC1

Sean Murphy

Ink

E.I. Sturdza Funds plc – Strategic Global Quality FundB USD Class - Representative Share Class • Return Date 30/11/2021 • Factsheet

Professional Marketing Communication / Publicité / Financial Promotion addressed to investors in the countries mentioned under “Registration andTarget Market Definition”, related to E.I. Sturdza Funds plc – Strategic Global Quality Fund – (hereinafter referred to as the “Fund”) a sub-fund of E.I.Sturdza Funds plc, an Irish open-ended umbrella investment Company with variable capital – UCITS (“the Company”).



The investment objective of the Fund is to achieve long term capital growth by investing primarily inequities or other asset classes representing the return of equity securities listed on exchangesglobally, although exposure to Emerging Markets will not exceed 25% of NAV.Pursuant to the EU’s Sustainable Finance Disclosure Regulation (EU) 2019/2088 (‘SFDR’), the Fund isclassified as a fund that promotes environmental or social characteristics. The Fund will have anaveraged ESG score higher than the averaged ESG score of its initial investment universe. For moreinformation on the Fund’s investment approach with respect to sustainability and non-financialcriteria, please refer to Annex I of the Fund’s supplement or www.ericsturdza.com.The performance of the Fund and its performance fees are measured against the MSCI World NRUSD Index (the “Index”).There is no assurance or guarantee that the Fund’s investment objective will be achieved or thatthere will be a return on capital.



The risk indicator for the Fund is set as5, which reflects the historic pricebehaviour of the Fund.The sub-fund may be subject to highvolatility.Factors that affect the indicator include:Investments in equity securities are subjectto fluctuations in value dependent onmarket conditions which will directly affectthe value of investments. The Fund mayhold a sizeable exposure to a singlecountry which may increase the risk ofinvesting when compared to a fund thatinvests in a globally diversified range ofcountries. The Fund invests in aconcentrated portfolio that may potentiallyfocus on one or more sectors or industries.The range of investments may increase therisk profile of the Fund compared to amore diversified portfolio across sectorsand industries. Additional Risks: Currency,


220

200

180

160

140

120

100

Custody and Settlement, FinancialDerivatives, Liquidity, Operational andTaxation risks.For more information about potential risks,please refer to the Key Investor

802014 2015 2016 2017 2018 2019 2020 2021

B USD Class Benchmark

Information Document (KIID), theAnnualised Returns % Prospectus and Supplement available at

www.ericsturdza.com/literature/.Annualised

Inception1M 3M 1Y 2Y 3Y 5Y Source of graphs and tables: Morningstar.The performances presented are shownafter deduction of ongoing charges andperformance fees. Any entry or exit feesare excluded from this calculation.Dividends reinvested. Benchmark: MSCIWorld NR USD. Same reference period asfor the class: Net Return, dividendreinvested. The reference benchmark ofthis class is used for performance

B USD Class -3.21 -5.87 10.38 8.52 10.94 12.42 9.69

Benchmark -2.19 -0.94 21.78 18.08 16.89 14.62 10.79


InceptionYTD 2021 2020 2019 2018 2017 2016

B USD Class 7.15 8.53 23.59 -6.24 29.74 -5.30 89.70 comparison purposes only. Theperformance of the benchmark is notindicative of past or future performance ofthe Fund.Reference periods:• Annualised Returns as of the date of thereporting over the defined period. Dataless than 1 year is not annualised.

Benchmark 16.82 15.90 27.67 -8.71 22.40 7.51 103.25

12 Month Returns %

01/12/2020 -30/11/2021

01/12/2019 -30/11/2020

01/12/2018 -30/11/2019

01/12/2017 -30/11/2018

01/12/2016 -30/11/2017

• Calendar Year Returns: AnnualB USD Class 10.38 6.71 15.92 0.13 31.34 Performance for the stated calendar year.


Benchmark 21.78 14.52 14.53 0.14 23.66

Statistics %Calculation Benchmark: MSCI World NR USD. 30/11/2016 to 30/11/2021


B USD Class 1.27 0.74 0.88 -0.26 12.71

Benchmark - 1.00 0.89 - 14.96

further explanation on specificPlease refer to page 5 for full benchmark disclaimer.

Past performance may not be a reliable guide to future performance. Returns could be reduced, orlosses incurred, due to currency fluctuations.

terminologies.


1 2 3 4 5 6 7



Security Sector % Consumer Staples 34.83ALPHABET INC-CL C Communication Services 4.53 Industrials 15.17META PLATFORMS INC-CLASS A Communication Services 4.41 Health Care 13.33NESTLE SA-REG Consumer Staples 4.18 Communication Services 9.95PROCTER & GAMBLE CO/THE Consumer Staples 4.15 Information Technology 9.56VISA INC-CLASS A SHARES Information Technology 3.29 Materials 6.22

Consumer Discretionary 5.16Financials 3.21Top Overweightings %Energy 3.05


Consumer Staples 34.83 6.74 28.09 Market Cap Allocation %Industrials 15.17 10.06 5.11Materials 6.22 4.10 2.12 Mega Cap (>USD 20 bn) 85.14Communication Services 9.95 8.48 1.47 Large Cap A (USD 10-20 bn) 11.13Health Care 13.33 12.28 1.05 Large Cap B (USD 5-10 bn) 4.21

Mid Cap (USD 2-5 bn) -Small Cap (<USD 2 bn) -Top Underweightings %

Sector Fund Index Underweighting Portfolio Weightings %Information Technology 9.56 24.07 -14.51Financials 3.21 13.17 -9.96 Long Exposure 100.48Consumer Discretionary 5.16 12.63 -7.47 Hedge Exposure -Real Estate - 2.71 -2.71 Net Exposure 100.48Utilities - 2.67 -2.67 Cash Exposure -0.48

Top 10 36.42Active Share 95.44Geographical Allocation %Number of Holdings # 33

United States 53.11 Germany 6.17United Kingdom 12.37 France 5.21Netherlands 9.12 Denmark 5.14Switzerland 7.38 Ireland 1.98





†A CHF Class IE00BTC0JT26 STGLQUC ID 07/06/2016 CHF42,879,433.42 CHF8,050,210.00 CHF134.41

†A EUR Class IE00BTC0JQ94 STGLQER ID 20/12/2017 €41,165,924.18 €604,078.00 €119.38

QQQA USD Class IE00BTC0JS19 STGQUSC ID 16/02/2016 $46,336,107.00 $17,858,447.00 $171.35

†B EUR Class IE00BTC0JV48 STGLQEI ID 20/12/2017 €41,165,924.18 €1,913,414.00 €122.63

QQQB USD Class IE00BTC0JX61 STGQUIC ID 29/12/2014 $46,336,107.00 $16,931,489.00 $189.70

†SI EUR Class IE00BD37M579 STGQESI ID 18/02/2020 €41,165,924.18 €5,442.00 €108.95

SI GBP Class IE00BD37M686 STGQGSI ID † 18/02/2020 £35,023,609.84 £5,435.00 £108.80









A CHF Class IE00BTC0JT26 - 1.50 10.00 - 1.78 Acc Yes

A EUR Class IE00BTC0JQ94 - 1.50 10.00 - 1.78 Acc Yes

A USD Class IE00BTC0JS19 - 1.50 10.00 - 1.78 Acc No

B EUR Class IE00BTC0JV48 1,000,000.00 1.00 - - 1.28 Acc Yes

B USD Class IE00BTC0JX61 1,000,000.00 1.00 - - 1.28 Acc No

SI EUR Class IE00BD37M579 25,000,000.00 0.75 - - 1.03 Acc Yes

SI GBP Class IE00BD37M686 - 0.75 - - 1.03 Acc Yes


Portfolio Manager

Willem Vinke has been involved in the management of equity funds since1995 and has been in the financial industry since 1992. Willem is the CEO andCIO of Lofoten Asset Management Limited. He holds an MSc in Economicsfrom the London School of Economics and is a Chartered Financial Analyst.Further information on the investment team can be found at ericsturdza.com.

Key Facts & Terms

Fund Name Strategic Global Quality Fund



Domicile Ireland

Fund Life Unlimited





Investment Adviser Lofoten Asset Management Limited



Base Currency USD

Benchmark MSCI World NR USD



Available Currency Classes EUR, USD, GBP, CHF

Liquidity Daily












Bulgaria (P)





Norway (P)


MorningstarSustainability RatingsMorningstar Rating

Source & Disclaimer of Awards: © 2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/orits content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor itscontent providers are responsible for any damages or losses arising from any use of this information. For more information please press here. TheStrategic Global Quality Fund B USD Class received a 3 star Overall Morningstar Rating and a 3 star 5 year Morningstar Rating as of 31/10/2021. TheStrategic Global Quality Fund B USD Class received a 3 Globe Morningstar Sustainability Award as at 30/09/2021, out of 7,139 Global Equity LargeCap funds as of 30/09/2021, based on 100.00% of AUM. Historical Sustainability Score as of 31/08/2021. Sustainalytics provides company-levelanalysis used in the calculation of Morningstar’s Historical Sustainability Score. Data is based on long positions only. A high rating alone in aninsufficient basis for an investment decision. The Strategic Global Quality Fund B USD Class received a Morningstar Low Carbon Award. CarbonMetrics as of 30/09/2021. Based on 92.82% of AUM. Data is based on long positions only. Past performance is neither a guarantee nor a reliableindicator of future results. Returns could be reduced, or losses incurred, due to currency fluctuations.


https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000W9PQ

Sean Murphy

Ink


Jérôme Papailhau+41 22 317 [email protected]

Karine Lefebvre+41 22 317 [email protected]

Regional Sales Representation

Switzerland

United Kingdom Germany

Alisdair Bell+44 207 952 [email protected]

Damir Zjacic+49 6174 96 11 [email protected]

Andrew FishManaging Director+44 1481 [email protected]

Adam TurbervilleDirector+44 1481 [email protected]

E.I. Sturdza Strategic Management Limited3rd Floor, Maison TrinityRue du Pre, St. Peter PortGuernsey GY1 1LTericsturdza.com

For Further Information, please contact

DisclaimersGENERAL DISCLAIMER

IMPORTANT: For professional investors only and for Swiss Qualified investors. Investment involves risk. The value of investments, the funds and the income which may be generated from them can go down as well as up and therefore investors must be able to bear the risks of a substantial impairment or loss of their entire investment. Past performance may not be a reliable guide to future returns. Returns could be reduced, or losses incurred, due to currency fluctuations.

This marketing communication relates to E.I. Sturdza Funds Plc (the “Company”) and its sub-funds (the “Funds”), an open-ended umbrella investment company with variable capital and segregated liability between Funds incorporated with limited liability in Ireland under the Companies Act 2014 with registration number 461518 and established as an undertaking for collective investment in transferable securities (UCITS) pursuant to the European Directive no 2009/65/EC as amended (the “UCITS directive”). A decision may be taken at any time to terminate the arrangements made for the marketing of the Fund in any EEA Member State in which it is currently marketed. In such circumstances, Shareholders in the affected EEA Member State will be notified of this decision and will be provided with the opportunity to redeem their shareholding in the Funds free of any charges or deductions for at least 30 working days from the date of such notification.

This document is issued by Eric Sturdza Management Company S.A (“ESMC”), a regulated Management Company approved by the Commission de Surveillance du Secteur Financier under registration ID S00001025 and appointed by the Fund, registered for distribution in the countries mentioned in this document. ESMC’s registered office address is 16, rue Robert Stumper, L-2557 Luxembourg. ESMC has appointed E.I. Sturdza Strategic Management Limited (“EISSML”), as investment manager and global distributor which is regulated by the Guernsey Financial Services Commission and registered under Company Number: 35985. EISSML’s registered office address is 3rd Floor, Maison Trinity, Rue du Pre, St Peter Port, Guernsey GY1 1LT. EISSML is part of the Eric Sturdza Group. EISSML has appointed E.I. Sturdza Investments Limited as sub-distributor. This document is approved for issue in the United Kingdom to professional investors only by E.I. Sturdza Investments Limited, Claridge House, 32 Davies Street, London W1K 4ND which is an appointed representative of Mirabella Advisers LLP which is authorised and regulated by the Financial Conduct Authority. The information contained herein is estimated, unaudited and may be subject to change.

This document is not intended for U.S. Persons pursuant to Regulation S of the Securities and Exchange Commission under the U.S. Securities Act of 1933, as amended (https://www.sec.gov). The Funds represented in this document are not registered under United States federal securities laws or any other applicable law in the states, territories and possessions of the United States of America. Consequently, they cannot be marketed directly or indirectly in the United States (including its territories and possessions or areas subject to it’s jurisdiction) and to or for the benefit of U.S. Persons.

This document is for information purposes only and does not constitute a recommendation to buy, sell or otherwise apply for shares in the Company and any of the Funds, nor does it constitute investment, legal or tax advice. The information contained in this document reflects the opinion of E.I. Sturdza Strategic Management Limited and may change without notice.

The Company is subject to tax laws and regulations of Ireland. Depending on your home country of residence, this might have an impact on your investment. In general, the tax treatment depends on the individual circumstances of each potential investor and may be subject to change in the future. E.I. Sturdza Strategic Management Limited has not considered the suitability of investment against your individual needs and risk tolerance. Any potential investor should assess the suitability of this investment solution to his/her risk profile. Investment in the Company is suitable only for those persons and institutions for whom such investment does not represent a complete investment program, who understand the degree of risk involved (as detailed under the section headed “Risk Factors” in the Prospectus and Supplements) can tolerate a high level of volatility and believe that the invesment is suitable based on the investment objectives and financial needs. Please consult your financial and tax adviser.

Investing in the Funds involves risks including the possible loss of capital. There can be no assurance that a Fund’s investment objective will be achieved or that there will be a return on capital. The value of an investment may go down as well as up and you may not get back the amount you originally invested. Past performance and forecasts are not reliable indicators of future results. Performance figures do not take into account commissions, costs incurred on the issue and redemption, nor local taxes. Please note that performance figures, reference benchmarks and asset allocation are provided for information purposes only. Before any investment decisions, you must read the Fund Prospectus, the relevant Key Investor Information Documents (KIIDs), the articles of incorporation as well as the annual and semi-annual reports, to find out about the inherent risks, fees and conditions of the Funds. A copy of the English version of the Prospectus of the Funds and the KIIDs are available on www.ericsturdza.com/literature/ and may also be obtained from [email protected]. Where required under national rules, the KIIDs are also made available in the local language of the relevant EEA Member State. KIIDs must be made available to the subscriber prior to subscription. A summary of investor rights associated with an investment in the Funds shall be available in English from Eric Sturdza Investments by contacting [email protected] or via https://ericsturdza.com/shareholder-rights/.

** IMPORTANT – BENCHMARK AND AWARD NOTIFICATION INFORMATION **

Benchmark Information

Source: NAV & Performance – Morningstar, Allocation – Bloomberg ©2021 Morningstar.

Strategic Europe Quality Fund, Strategic Global Quality Fund & Strategic China Panda Fund Index – MSCI Copyright Morgan Stanley Capital International, Inc. @YEAR. All Rights Reserved. Unpublished. PROPRIETARY TO MORGAN STANLEY CAPITAL INTERNATIONAL INC. Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments of products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability

and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com) Strategic European Silver Stars Fund – Source: NAV & Performance – Morningstar, Allocation – Bloomberg, Index – STOXX © 2021 Morningstar. STOXX Limited (“STOXX”) is the source of STOXX Europe 600 NR EUR and the data comprised therein. STOXX has not been involved in any way in the creation of any reported information and does not give any warranty and excludes any liability whatsoever (whether in negligence or otherwise) – including without limitation for the accuracy, adequateness, correctness, completeness, timeliness, and fitness for any purpose – with respect to any reported information or in relation to any errors, omissions or interruptions in STOXX Europe 600 NR EUR or its data. Any dissemination or further distribution of any such information pertaining to STOXX is prohibited.

Nippon Growth (UCITS) Fund & Strategic Japan Opportunities Fund

The TOPIX Index Value and the TOPIX Trademarks are subject to the intellectual property rights owned by the Tokyo Stock Exchange, Inc. and the Tokyo Stock Exchange, Inc. owns all rights and know-how relating to the TOPIX Index such as calculation, publication and use of the TOPIX Index Value and relating to the TOPIX Trademarks. The Tokyo Stock Exchange, Inc. shall reserve the rights to change the methods of calculation or publication, to cease the calculation or publication of the TOPIX Index Value or to change the TOPIX Trademarks or cease the use thereof. The Tokyo Stock Exchange, Inc. makes no warranty or representation whatsoever, either as to the results stemmed from the use of the TOPIX Index Value and the TOPIX Trademark or as to the figure at which the TOPIX Index Value stands on any particular day. The Tokyo Stock Exchange, Inc. gives no assurance regarding the accuracy or completeness of the TOPIX Index Value and data contained therein. Further, the Tokyo Stock Exchange, Inc. shall not be liable for the miscalculation, incorrect publication, delayed or interrupted publication of the TOPIX Index Value. The Licensed Products are not in any way sponsored, endorsed or promoted by the Tokyo Stock Exchange, Inc. The Tokyo Stock Exchange, Inc. shall not bear any obligation to give an explanation of the Products or any advice on investments to any purchaser of the Products or to the public. The Tokyo Stock Exchange, Inc. neither selects specific stocks or groups thereof nor takes into account any needs of the issuing company or any purchase of the Products, for calculation of the TOPIX Value Index. Including but not limited to the foregoing, the Tokyo Stock Exchange, Inc. shall not be responsible for any damage resulting from the issue and sale of the Products.

Sturdza Family Fund

Copyright Morgan Stanley Capital International, Inc. 2021. All Rights Reserved. Unpublished. PROPRIETARY TO MORGAN STANLEY CAPITAL INTERNATIONAL INC. The blended returns are calculated by E.I. Sturdza Strategic Management Limited using end of day index level values licensed from MSCI (“MSCI Data”). For the avoidance of doubt, MSCI is not the benchmark “administrator” for, or a “contributor”, “submitter” or “supervised contributor” to, the blended returns, and the MSCI Data is not considered a “contribution” or “submission” in relation to the blended returns, as those terms may be defined in any rules, laws, regulations, legislation or international standards. MSCI Data is provided “AS IS” without warranty or liability and no copying or distribution in permitted. MSCI does not make any representation regarding the advisability of any investment or strategy and does not sponsor, promote, issue, sell or otherwise recommend or endorse any investment strategy, including any financial products or strategies based on, tracking or otherwise utilising any MSCI Data, models, analytics or other materials or information. Bloomberg® and Bloomberg US Aggregate Gov/Credit Total Return Value Unhedged USD are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by E.I. Sturdza Strategic Management Limited (EISSML). Bloomberg is not affiliated with EISSML, and Bloomberg does not approve, endorse, review, or recommend the Sturdza Family Fund. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Sturdza Family Fund.

Strategic Bond Opportunities Fund

Bloomberg® and Bloomberg US Aggregate Government/Credit Total Return Value Unhedged USD are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by E.I. Sturdza Strategic Management Limited (EISSML). Bloomberg is not affiliated with EISSML, and Bloomberg does not approve, endorse, review, or recommend the Strategic Bond Opportunities Fund. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Strategic Bond Opportunities Fund.

Morningstar RatingTM

Morningstar is an independant provider of investment analysis. The Morningstar rating is a quantative assessment of past performance that takes into account risk and inputted costs. It does not take into account qualitative elements and is calculated on the basis of a (mathematical) formula. The classes are categorised and compared with similar funds in the asset class, based on their score and they are awarded one to five stars. In each category the top 10% receive 5 stars, the next 22.5% 4 stars, the next 35% 3 stars, the next 22.5% 2 stars, and the last 10% 1 star. The rating is calculated over 3, 5 and 10 years and does not take into account the future performance.

The Strategic China Panda Fund (B USD Class) received a 4-star Overall Morningstar Rating and a 4-star 10-year Morningstar Rating. Morningstar Rating as of 31/10/2021.

The Strategic Europe Quality Fund (B EUR Class) received a 3-star Overall Morningstar Rating and a 4-star 10-year Morningstar Rating. Morningstar Ratings as of 31/10/2021.

The Strategic European Silver Stars Fund (B EUR Class) received a 3-star Overall Morningstar Rating and a 4-star 3-Year Morningstar Rating. Morningstar Ratings as of 31/10/2021.

The Strategic Global Quality Fund (B USD Class) received a 3-star Overall Morningstar Rating and a 3-star 5-year Morningstar Rating. Morningstar Ratings as of 31/10/2021.

The Strategic Japan Opportunities Fund (B JPY Class) received a 3-star Overall Morningstar Rating and a 3-star 3-year Morningstar Rating. Morningstar Ratings as of 31/10/2021.

Morningstar Sustainability AwardsTM

The Morningstar® Sustainability RatingTM is intended to measure how well the issuing companies of the securities within a fund’s portfolio holdings are managing their

Disclaimers continuedfinancially material environmental, social and governance, or ESG, risks relative to the fund’s Morningstar Global Category peers. Sustainalytics provides company-level analysis used in the calculation of Morningstar’s Historical Sustainability Score. Data is based on long positions only.

The Strategic China Panda Fund received a 5 Globe Morningstar Sustainability Award. Out of 2,061 Greater China Equity funds as of 30/09/2021. Based on 91.41% of AUM. Data is based on long positions only. Historical Sustainability Score as of 31/08/2021. Sustainability Rating as of 30/09/2021.

The Sturdza Family Fund received a 5 Globe Morningstar Sustainability Award. Out of 3,020 Flexible Allocation funds as of 30/09/2021. Based on 99.92% of AUM. Data is based on long positions only. Historical Sustainability Score as of 31/08/2021. Sustainability Rating as of 30/09/2021.

The Strategic Bond Opportunities Fund received a 3 Globe Morningstar Sustainability Award. Out of 1,736 Global Fixed Income funds as of 30/09/2021. Based on 99.32% of AUM. Data is based on long positions only. Historical Sustainability Score as of 31/08/2021. Sustainability Rating as of 30/09/2021.

The Strategic Global Quality Fund received a 3 Globe Morningstar Sustainability Award. Out of 7,139 Global Equity Large Cap funds as of 30/09/2021. Based on 100.00% of AUM. Data is based on long positions only. Historical Sustainability Score as of 31/08/2021. Sustainability Rating as of 30/09/2021.

The Strategic Japan Opportunities Fund received a 3 Globe Morningstar Sustainability Award. Out of 1,043 Europe Equity Large Cap funds as of 30/09/2021. Based on 89.59% of AUM. Data is based on long positions only. Historical Sustainability Score as of 31/08/2021. Sustainability Rating as of 30/09/2021.

The Strategic European Silver Stars Fund received a 3 Globe Morningstar Sustainability Award. Out of 681 Europe Equity Mid / Small Cap funds as of 30/09/2021. Based on 90.11% of AUM. Data is based on long positions only. Historical Sustainability Score as of 31/08/2021. Sustainability Rating as of 30/09/2021.

Morningstar Low Carbon AwardsTM

The Strategic Global Quality Fund received a Morningstar Low Carbon Award. Carbon Metrics as of 30/09/2021. Based on 92.82% of AUM. Data is based on long positions only.

The Strategic China Panda Fund received a Morningstar Low Carbon Award. Carbon Metrics as of 30/09/2021. Based on 70.98% of AUM. Data is based on long positions only.

© 2021 Morningstar: All Rights Reserved. The information contained herein where relative to Morningstar: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Returns could be reduced, or losses incurred, due to currency fluctuations.

Citywire Group Award, Fund Manager Ratings & Fund Award

Bertrand Faure is AA rated by Citywire for his rolling 3 year risk-adjusted performance, for the period to 31/10/2021.

Mitsuhiro Yuasa is + rated by Citywire for his rolling 3 year risk-adjusted performance, for the period to 31/10/2021.

The Citywire Selector Maximum Drawdown and Volatility ranking of Eric Vanraes is calculated over 1 year to the end of September 2020. Further information can be found here: http://esi.fund/?ODExMzA.

Source & Copyright: © Citywire 2021. All rights reserved. Citywire information is proprietary and confidential to Citywire Financial Publishers Ltd (Citywire), may not be copied and Citywire excludes any liability arising out of its use.

Quantalys Rating

https://www.quantalys.com

ericsturdza.com