AuAg Precious Core

The following portfolio changes have been decided and will be implemented as of 2026-02-25:

The fund is both increasing and decreasing certain sub-strategies in order to raise exposure to electrification metals such as copper, silver, and uranium. In addition, the target weight for all holdings is being adjusted from 3% to either 4% or 2%.

As a result of these changes, the sub-strategy “Enabling Metals” will increase from 15% to a total of 20% (+5%). The sub-strategy “Generate Energy” will also increase from 15% to a total of 20% (+5%), including increased exposure to solar energy to a total of 10% (+1%) and nuclear energy to 10% (+10%). At the same time, exposure to energy companies will be reduced to 0% (–6%).

All holdings within the sub-strategies “Energy Storage” and “Energy Efficiency” will be adjusted from a target weight of 3% to 2%. As a result, each sub-strategy will decrease from 15% to 10%, representing a combined allocation of 20% (–10%).

With 60% allocated to companies enabling the electrification of our world and 40% allocated to physical precious metals (primarily gold) to provide robust portfolio protection – this results in a portfolio designed for long-term growth, with robust protection through physical precious metals (primarily gold).

The following holdings are included/excluded:

[New holding] Southern Copper – new target weight: 4% (0%)

[New holding] Hecla – new target weight: 4% (0%)

[New holding] Denison Mines – new target weight: 2% (0%)

[New holding] Cameco – new target weight: 4% (0%)

[New holding] NexGen – new target weight: 4% (0%)

[Excluded] Rio Tinto – new target weight: 0% (3%)

[Excluded] Brookfield Renewable – new target weight: 0% (3%)

[Excluded] NextEra – new target weight: 0% (3%)

All fund holdings are presented here.

The following portfolio changes have been made in AuAg Precious Core.

Included: Rio Tinto's new target weight is 3% (0%)

Excluded: Arcadium Lithium's new target weight is 0% (3%)

• Rio Tinto acquires Arcadium Lithium

All holdings in the fund are presented here.

The following portfolio changes have been made in AuAg Precious Core.

Livent's new target weight is 0% (3%)

• A merger of equals between Livent and Allkem formed the new company Arcadium Lithium

Included: Arcadium Lithium's new target weight is 3%

All holdings in the fund are presented here.

The following portfolio changes have been made in AuAg Precious Core.

Allkems' new target weight is 0% (3%)

Freeport-McMoRans' new target weight is 3% (0%)

Thus, the portfolio's lithium exposure decreased to 6%, and the copper exposure increased to 9%.

[All holdings in the fund are presented here.]

During the month of January, a minor change will be implemented regarding the fund's equity strategy in order to have an equal weighting between its four sub-strategies: production of environmentally friendly energy; reduced energy consumption, reduced emissions, and recycling; energy storage; and extraction of elements needed in green technology.

This means, at holdings level, that Lynas Rare Earths (Extraction of elements needed in green technology) will be phased out, and EnerSys (Energy Storage/Green Power) will be phased in during the month. As before, all 20 companies in the four sub-strategies will continue to have a 3% target weight.

All holdings in the fund are presented here.

Lynas Rare Earth is still included as a portfolio holding in AuAg Essential Metals.

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Portfolio updates from fund launch to January 2023 is not published in this format.