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NOTZ STUCKI FUNDS FACTSHEETS

August 2015

INDEX

MULTI-STRATEGY

GLOBAL MULTI-STRATEGY

Haussmann, SCA, SICAV-SIF P.1

NS Selection - Columbus P.2

ASIA MULTI-STRATEGY

NS Selection - Arowana P.3

EQUITIES

EQUITY LONG/SHORT

Long/Short Selection - Lynx P.4

Long/Short Selection - US Strat P.5

Long/Short Selection - Asia P.6

Ikebana Japan Long/Short Ltd. P.7

LONG ONLY

DGC - Equity World P.8

DGC - Stock Selection P.9

DGC – Franck Muller Luxury Fund P.10

FLEXIBLE

DGC - Flexible Allocation P.11

DGC - Horizonte P.12

DGC - NS Balanced P.13

ABSOLUTE RETURN

GLOBAL MACRO / CTA

Multi Strategy SICAV - Vision P.14

Multi Strategy SICAV - Trend P.15

NS Selection - Capitrade CTA P.16

RELATIVE VALUE

Multi Strategy SICAV - Pendulum P.17

DGC - Low Volatility P.18

FIXED INCOME STRATEGIES

DGC - Convertible & Credit Fund P.19

DGC - Bond Euro P.20

NSP Fit P.21

Citadel Selection Inc. P.22

August 2015

STRATEGY INVESTMENT CURR. INCEPTION NAV MTD YTDLAST 12

MONTHS

ANNUALIZ. VOL.

LAST 12 M.ISIN TELEKURS BLOOMBERG

Haussmann, SCA, SICAV-SIF Class A USD USD January 1974 2767.96 -3.81% 2.21% 5.31% 6.68% LU1129548050 26210789 HAUFNDI LXHaussmann, SCA, SICAV-SIF Class C EUR EUR February 2003 2424.03 -3.86% 2.30% 5.58% 6.73% LU1129548993 26210966 HAUFNDC LXHaussmann, SCA, SICAV-SIF Class D CHF CHF July 2010 1285.35 -3.93% 1.19% 4.33% 6.74% LU1129549454 26210971 HAUFNDD LXNS Selection - Columbus Class USD USD January 1985 939.58 -3.88% 2.52% 5.81% 6.97% LU0559924872 119622308 COLSELC LX

NS Selection - Columbus Class EUR EUR July 2002 186.87 -3.94% 2.63% 6.10% 7.01% LU0559924955 11962309 CMBSEUI LX

NS Selection - Columbus Class CHF CHF May 2004 139.07 -3.99% 0.94% 4.06% 7.05% LU0559925176 11962315 COLUMBS LX

NS Selection - Columbus Class GBP GBP February 2007 121.00 -3.82% 2.92% 6.36% 6.97% LU0559925093 11962312 COLSTRL LX

NS Selection - Arowana class A USD USD 31-Jul-2013 1268.06 0.79% 9.56% 11.85% 8.11% LU0950665264 21845053 NSCMSAA LX

NS Selection - Arowana class A EUR EUR 31-Oct-2013 117.75 0.73% 9.91% 12.37% 8.03% LU0950665421 21845054 NSCMSAE LX

Long/Short Selection - Lynx Class I EUR EUR November 1987 375.03 -2.15% 7.39% 13.26% 6.19% LU0675178148 13754331 LSLYXIE LX

Long/Short Selection - Lynx Class I USD USD April 2005 149.65 -2.11% 8.01% 14.03% 6.06% LU0675178494 13754334 LSLYXIU LX

Long/Short Selection - Lynx Class I CHF CHF December 2007 94.85 -2.21% 7.14% 12.80% 6.13% LU0675178650 13754337 LSLYXIC LX

Long/Short Selection - Lynx Class A EUR EUR June 2012 374.49 -2.15% 7.36% 13.21% 6.19% LU0675178221 13754332 LSLYXAE LX

Long/Short Selection - Lynx Class A CHF CHF June 2012 94.59 -2.24% 6.95% 12.59% 6.13% LU0675178734 13754338 LSLYXAC LX

Long/Short Selection - US Strat Class I USD USD March 1999 215.95 -3.58% -1.34% -2.41% 7.40% LU0675177769 13754323 LSUSSIU LX

Long/Short Selection - US Strat Class I EUR EUR February 2000 140.21 -3.64% -1.36% -2.37% 7.28% LU0675177926 13754326 LSUSSIE LX

Long/Short Selection - Asia Class I USD USD January 1979 580.19 -3.32% -2.63% -4.03% 7.72% LU0675178817 13754340 LSASIIU LX

Long/Short Selection - Asia Class I EUR EUR October 2003 142.44 -3.36% -2.68% -3.98% 7.87% LU0675179039 13754369 LSASIIE LX

Long/Short Selection - Asia Class I GBP GBP February 2007 94.31 -3.28% -2.38% -3.68% 7.75% LU0675179203 13754371 LSASIIS LX

Ikebana Japan Long/Short Ltd. USD December 2001 250.70 -4.11% 5.76% 11.06% 8.92% VGG4708F1062 1333026 IKEJLSU VI

Ikebana Japan Euro Ltd. EUR December 2001 229.25 -4.16% 5.26% 10.40% 8.95% VGG4708F1146 1333032 IKEJPNE VI

DGC - Equity World EUR Class EUR 24-Jan-2007 119.83 -6.44% 5.86% 11.70% 11.81% LU0283566767 2871598 DVGEQFW LX

DGC - Equity World CHF Class CHF 12-Apr-2011 139.38 -6.63% 4.89% 10.43% 11.90% LU0610332032 12748038 DGCEWRC LX

DGC - Equity World USD Class USD 31-Jan-2013 136.38 -7.00% 4.48% 9.72% 12.12% LU0864888259 20228095 DGCEWRU LX

DGC - Stock Selection class A EUR EUR 3-Jul-2013 121.63 -8.93% 2.32% 2.61% 13.28% LU0947862743 21720665 DGCSSAE LX

DGC - Stock Selection class A CHF CHF 3-Jul-2013 120.22 -9.14% 1.52% 1.75% 13.43% LU0947862669 21720557 DGCSSAC LX

DGC - Stock Selection class A USD USD 3-Jul-2013 119.32 -9.48% 0.95% 0.90% 13.64% LU0947863048 21721479 DGCSSAU LX

DGC - Stock Selection class B EUR EUR 9-Jul-2014 106.46 -8.85% 2.94% 3.55% 13.28% LU0998532633 22952876 DGCSSBE LX

DGC - Franck Muller Luxury Fund Class A EUR EUR 10-Dec-2014 98.40 -8.74% -2.69% LU1143003736 26339679 DGCAEUR LX

DGC - Franck Muller Luxury Fund Class A CHF CHF 10-Dec-2014 97.20 -8.96% -3.77% LU1143004031 26306918 DGCACHF LX

DGC - Franck Muller Luxury Fund Class A USD USD 10-Dec-2014 97.10 -9.09% -3.75% LU1143003819 26305764 DGCAUSD LX

DGC - Franck Muller Luxury Fund Class B CHF CHF 10-Dec-2014 97.87 -8.89% -3.14% LU1143004460 26540815 DGCBCHF LX

DGC - Flexible Allocation EUR Class EUR 3-Feb-2010 122.09 -3.40% 2.54% 3.62% 6.97% LU0475277165 10830613 DVGFXAL LX

DGC - Flexible Allocation CHF Class CHF 3-Nov-2010 116.19 -3.51% 1.57% 2.55% 6.95% LU0547752963 11818247 DVGFXAC LX

DGC - Horizonte class A EUR EUR 30-Mar-2012 114.77 -2.29% 0.41% 2.38% 3.67% LU0714639076 14423196 DGCHZAE LX

DGC - Horizonte class A USD USD 30-Mar-2012 114.87 -2.30% 0.36% 2.11% 3.67% LU0714639159 14423197 DGCHZAU LX

DGC - Horizonte class A CHF CHF 31-Jan-2013 108.95 -2.37% -0.11% 1.72% 3.68% LU0864888689 20228134 DGCHZBEC LX

DGC - Horizonte class B EUR EUR 21-Aug-2013 107.60 -2.26% 0.58% 2.64% 3.66% LU0714639233 14423198 DGCHZPB LX

DGC - Horizonte class B USD USD 16-Apr-2014 104.75 -2.29% 0.51% 2.34% 3.64% LU0714639316 14423357 DGCHZBU LX

DGC - NS Balanced class A EUR EUR 24-Jul-2013 109.92 -3.08% 2.97% 4.18% 5.07% LU0953299699 21867921 DGCNBAE LX

DGC - NS Balanced class A CHF CHF 11-Sep-2013 107.36 -3.24% 1.97% 3.10% 5.08% LU0953299855 21867951 DGCNBAC LX

DGC - NS Balanced class A USD USD 10-Dec-2014 103.54 -3.23% 2.60% 3.84% 5.14% LU0953300026 21867974 DGCNBAU LX

DGC - NS Balanced class B EUR EUR 24-Jul-2013 110.50 -3.06% 3.16% 4.44% 5.08% LU0953300539 21868515 DGCNBBE LX

Multi Strategy SICAV - Vision Class I USD USD March 2000 153.38 -0.22% -3.21% 1.31% 6.16% LU0560038357 11834153 DGCVINI LX

Multi Strategy SICAV - Vision Class I EUR EUR March 2000 139.08 -0.26% -3.12% 1.71% 6.28% LU0560038514 11834179 DGCVEHI LX

Multi Strategy SICAV - Trend Class I USD USD September 2004 162.24 -5.10% -4.02% 2.31% 11.65% LU0560038191 11834116 DGCTREN LX

Multi Strategy SICAV - Trend Class I EUR EUR January 2005 136.98 -5.16% -3.87% 2.58% 11.86% LU0560038274 11834148 DGCTRNE LX

NS Selection - Capitrade CTA Class EUR EUR July 2012 140.51 -3.42% -13.31% 9.53% 23.71% LU0795245223 18904690 NSCCTAE LX

NS Selection - Capitrade CTA Class USD USD July 2012 122.19 -3.67% -13.35% 9.35% 23.84% LU0795245579 18918265 NSCCTAU LX

Multi Strategy SICAV - Pendulum Class I USD USD January 1999 215.40 -0.98% 3.33% 3.64% 4.02% LU0722502654 14493281 MSPENIU LX

Multi Strategy SICAV - Pendulum Class I EUR EUR September 2000 166.69 -1.03% 3.42% 3.79% 4.15% LU0722507372 14493284 MSPENIE LX

Multi Strategy SICAV - Pendulum Class I CHF CHF February 2004 116.21 -1.11% 1.84% 2.18% 4.00% LU0722507612 14493297 MSPENIC LX

Multi Strategy SICAV - Pendulum Class I GBP GBP January 2007 111.88 -0.96% 3.57% 4.04% 4.07% LU0722507885 14493299 MSPENIG LX

DGC - Low Volatility class A EUR EUR 31-Jul-2013 103.10 -0.62% 1.00% 2.39% 2.05% LU0947862230 21720469 DGCLVAE LX

DGC - Low Volatility class A CHF CHF 31-Jul-2013 101.81 -0.68% 0.26% 1.56% 2.05% LU0947862156 21720402 DGCLVAC LX

DGC - Low Volatility class A USD USD 31-Jul-2013 102.52 -0.57% 1.10% 2.36% 2.06% LU0947862586 21720482 DGCLVAU LX

DGC - Convertible & Credit A USD USD 31-Jul-2009 141.61 -1.87% 1.26% 0.43% 5.64% LU0903162229 20897273 DGCCCAU LX

DGC - Convertible & Credit A EUR EUR 31-Jul-2009 138.38 -1.83% 0.86% -0.30% 5.61% LU0903161841 20897264 DGCCCAE LX

DGC - Convertible & Credit A CHF CHF 31-Jul-2009 132.88 -1.90% 0.11% -0.93% 5.59% LU0903162062 20897270 DGCCCAF LX

DGC - Convertible & Credit B EUR EUR 19-Jun-2013 110.89 -1.75% 1.38% 0.43% 5.59% LU0903162575 20897278 DGCBEUR LX

DGC - Convertible & Credit B CHF CHF 12-Jun-2013 110.25 -1.83% 0.68% -0.14% 5.56% LU0903162732 20898491 DGCCCBC LX

DGC - Bond Euro class B EUR EUR 20-Jul-1998 163.90 -0.43% 0.84% 1.39% 1.66% LU0089444409 928016 DOSBNDE LX

NSP Fit Inc. Class A shares - USD Class USD July 1978 29.03 -0.41% 1.08% 0.62% 1.19% PAP1908M1052 1524229 NSPFITI PP

NSP Fit Inc. Class B shares - EUR Class EUR October 2011 11.54 -0.52% 0.52% 0.00% 1.16% 13994190 NSPFIBE PP

NSP Fit Inc. Class C shares - CHF Class CHF October 2011 11.27 -0.62% -0.27% -1.14% 1.23% 13994210 NSPFICC PP

Citadel Selection Inc. CHF February 1988 235.64 -0.59% 0.06% 0.06% 1.21% PAP2867R1013 2287767 CITASEL PP

S&P 500 Index -6.26% -4.21% -1.56% 10.75%

MSCI World Index -6.81% -3.76% -5.91% 11.03%

MSCI Europe Index -8.68% 5.05% 4.90% 15.67%

MSCI AC Asia Pacific Index -8.51% -5.73% -12.13% 13.13%

Barclays Global AGG 1-5 TR Index Hedged USD -0.05% 0.81% 1.25% 0.76%

Libor USD 1 month 0.02% 0.13% 0.17% 0.02%

HFRI FOF: Conservative Index -0.95% 1.59% 1.92% 2.37%

NSP Fit Inc.: NAV of the last Wednesday of the monthCitadel selection Inc.: NAV of the last Friday of the month

Dividend payment in AugustHaussmann, SCA, SICAV-SIF Class A USD: A dividend of USD 4.00 has been paid on August 15th, 2015Haussmann, SCA, SICAV-SIF Class C EUR: A dividend of EUR 3.50 has been paid on August 15th, 2015Haussmann, SCA, SICAV-SIF Class D CHF: A dividend of CHF 1.85 has been paid on August 15th, 2015

FIXED INCOME

BENCHMARKS

MULTISTRATEGY

EQUITY LONG/SHORT

EQUITY LONG ONLY

EQUITY FLEXIBLE

ABSOLUTE RETURN GLOBAL MACRO

ABSOLUTE RETURN RELATIVE VALUE

Haussmann, SCA, SICAV-SIF Class A USD

GENERAL INFORMATION FUND DESCRIPTION

Share Class NAV

Class A USD NAV: 2767.96

Class C EUR NAV: 2424.03

Class D CHF NAV: 1285.35

HISTORICAL PERFORMANCE

Main Share Class Class A USD

Main Currency USD

Fund Inception January 1974

AUM (USD) 2,030,203,281

Strategy Multistrategy

Sub-strategy Multistrategy

Subscription Monthly

Redemption Monthly

Notice Period 35 days

Fund Level Gate None

Investment Min

Class A USD 50,000

Class C EUR 50,000

Class D CHF 50,000

1 2 3 4 5 6 7 8 9 10 11 12

MONTHLY PERFORMANCE (%) NET OF FEES

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Fund Index 1

2015 0.30% 3.39% 0.48% -0.75% 2.10% -1.08% 1.72% -3.81% 2.21% -4.21%

2014 -1.70% 2.81% -1.77% -1.40% 1.78% 0.73% -1.06% 1.24% 0.22% -0.10% 2.79% 0.12% 3.57% 11.39%

Management Fee 2013 3.75% 0.58% 2.31% 1.38% 2.63% -1.57% 1.94% -1.74% 2.14% 2.18% 2.13% 1.65% 18.65% 29.60%

Class A USD 1.90% 2012 3.04% 3.13% 0.81% -0.76% -3.50% 0.10% 0.67% 1.58% 1.82% -0.34% 0.74% 1.73% 9.21% 13.41%

Class C EUR 1.90% 2011 -0.38% 0.40% 0.39% 1.44% -1.46% -1.40% -0.62% -3.68% -3.81% 3.78% -1.61% -0.71% -7.63% 0.00%

Class D CHF 1.90% 2010 -1.20% 0.43% 3.11% 0.47% -4.03% -1.12% 1.13% -0.07% 3.12% 1.64% 0.66% 2.03% 6.11% 12.78%

Note: In addition, a dividend of USD 4.00 has been paid on August 15th, 2015.

STATISTICAL ANALYSIS (Since January 1974) UP MONTHS/DOWN MONTHS VS BENCHMARK

Return Fund Index 1 Index 2

Return Last 1 monthLast Month -3.8% -6.3% -6.8%

Performance Fee Annualized ReturnCompound ROR 14.5% 7.5% 6.7%

Class A USD None Arithmetic ReturnAverage Monthly Return 1.2% 0.7% 0.6%

Class C EUR None Max Monthly GainLargest Month Gain 14.9% 16.3% 14.3%

Class D CHF None Max Monthly LossLargest Month Loss -22.7% -21.8% -19.0%

% positive returns% Positive Months 66% 60% 59%

ReturnCumulative Return 27834% 1922% 1418%

Risk Fund Index 1 Index 2

Annualized VolatilityAnnualized Volatility 12.2% 15.4% 14.9%

Annual Sharpe Ratio (Rf)Sharpe Ratio (1%) 1.10 0.42 0.39

Omega (threshold 1)Omega Ratio (1%) 1.17 0.84 0.80

ISIN Annual Sortino Ratio (vs 0%)Sortino Ratio (0%) 2.12 0.73 0.67 Assymetric return profile vs. Index 1

Class A USD LU1129548050 Ann. Downside deviation (vs 0%)Downside-Deviation 6.8% 10.2% 10.0% Annual Up Capture vs Benchmark 1Up Capture Ratio 77%

Class C EUR LU1129548993 Max DrawdownMaximum Drawdown -31.5% -52.6% -55.4% Annual Down Capture vs Benchmark 1Down Capture Ratio 40%

Class D CHF LU1129549454 Length Max Drawdown (months)Months In Maximum Drawdown 16 16 16

Recovery Time Max Drawdown (months)Months To Recover 55 48 61

STRATEGY BREAKDOWN (% Allocation)

Comparison To Benchmark Index 1 Index 2

Annualized Alpha vs Benchmark 1Annualized Alpha 10.2% 10.9%

Beta to Benchmark 1Beta 0.54 0.52

Correlation to Benchmark 1Correlation 0.68 0.63

R² vs Benchmark 1R-squared 0.46 0.40

Top Holdings Weight

Fund Domicile Egerton European Dollar Fund 6.5%

Luxembourg Glenview Capital 6.4%

Investment Manager Pershing Square International 5.3%

Haussmann General Partner The Children's Investment Fund 5.2%

Administrator MW Eureka Fund Euro 5.1%

CF Fund Services, Lux.

Auditor

PricewaterhouseCoopers, Lux.

Custodian Fund: Haussmann, SCA, SICAV-SIF Class A USD

UBS (Luxembourg) SA Index 1: S&P 500 Index

Website Index 2: MSCI World Index

www.notzstucki.com Performance data after March 2011 excludes dividends. The list of dividends paid can be found on www.notzstucki.com

EU Savings Tax Directive: Out of Scope

The information contained in this communication is confidential and is for the exclusive use of the original recipient(s). This communication is for informational purposes only. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. All

market prices, data, and other information are not warranted as to completeness or accuracy and are subject to change without notice. Any comments or statements made herein do not necessarily reflect those of Notz, Stucki Europe S.A., Notz, Stucki et Cie. or its subsidiaries and affiliates. For additional information,

please refer to the Prospectus of the Fund.

August 31, 2015

Haussmann is a company organised as a "société d'investissement à capital variable (SICAV)", registered as a "fonds d'investissement specialisé"

pursuant to the Luxembourg law of February 13, 2007 on specialised investment funds.

The investment objective of Haussmann is to achieve superior risk-adjusted returns whilst limiting drawdowns to protect capital in difficult market

environments.

Haussmann invests primarily in a selection of hedge funds managed by experienced independent investment managers. The selected investment

managers focus mainly on global equity hedge and macro related strategies in developed markets. These strategies will be diversified across various

investment styles including, but not limited to: equity long/short (US, Europe, Asia, Japan, Emerging Markets), long bias, trading oriented, event

driven/activist, currency and fixed income trading.

Haussmann’s target annual return is 8-12% with a target volatility of 2/3’s of the equity market.

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Haussmann, SCA, SICAV-SIF Class A USD S&P 500 Index MSCI World Index

-1.2%

2.8%

-3.4%

3.5%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

Haussmann, SCA, SICAV-SIF Class A USD

S&P 500 Index

20.5%

0.5%

24.0%

8.3%

21.6%

20.3%

4.8%

Global Macro

Global Equity L/S

US Equity Hedge

Asia, Emerging Markets

Europ. Equity Hedge

Global Equity Long Bias

Cash

0% 10% 20% 30%

1

NS Selection - Columbus Class USD


Share Class NAV

Class USD NAV: 939.58

Class EUR NAV: 186.87

Class CHF NAV: 139.07

Class GBP NAV: 121.00


Main Share Class Class USD

Main Currency USD


AUM (USD) 249,120,130

Strategy Multistrategy



Redemption Monthly



Investment Min

Class USD 125,000

Class EUR 125,000

Class CHF 125,000

Class GBP 125,000

1 2 3 4 5 6 7 8 9 10 11 12



2015 0.34% 3.66% 0.52% -0.78% 2.14% -1.11% 1.80% -3.88% 2.52% -4.21%

2014 -1.74% 2.95% -1.85% -1.47% 1.86% 0.76% -1.14% 1.48% 0.23% -0.12% 2.97% 0.12% 3.96% 11.39%

Management Fee 2013 3.93% 0.40% 2.39% 1.45% 2.69% -1.58% 2.09% -1.78% 2.19% 2.25% 2.12% 1.77% 19.29% 29.60%

Class USD 1.90% 2012 3.48% 3.18% 0.76% -0.80% -3.63% 0.24% 0.56% 1.59% 1.74% -0.34% 0.45% 1.84% 9.26% 13.41%

Class EUR 1.90% 2011 -0.39% 0.53% 0.32% 1.32% -1.48% -1.38% -0.56% -3.85% -4.28% 3.96% -1.77% -1.38% -8.85% 0.00%

Class CHF 1.90% 2010 -0.95% 0.71% 3.23% 0.39% -3.83% -1.69% 1.22% -0.40% 3.12% 1.53% 0.69% 2.14% 6.10% 12.78%

Class GBP 1.90%





Class USD None Arithmetic ReturnAverage Monthly Return 1.0% 0.8% 0.7%

Class EUR None Max Monthly GainLargest Month Gain 11.6% 13.2% 11.6%

Class CHF None Max Monthly LossLargest Month Loss -22.7% -21.8% -19.0%

Class GBP None % positive returns% Positive Months 68% 63% 60%







Class USD LU0559924872 Ann. Downside deviation (vs 0%)Downside-Deviation 6.8% 10.3% 10.4% Annual Up Capture vs Benchmark 1Up Capture Ratio 65%

Class EUR LU0559924955 Max DrawdownMaximum Drawdown -33.0% -52.6% -55.4% Annual Down Capture vs Benchmark 1Down Capture Ratio 41%

Class CHF LU0559925176 Length Max Drawdown (months)Months In Maximum Drawdown 16 16 16

Class GBP LU0559925093 Recovery Time Max Drawdown (months)Months To Recover 57 48 61







Top Holdings Weight

Fund Domicile Egerton European Dollar Fund 6.5%

Luxembourg Glenview Capital 6.4%

Investment Manager Pershing Square International 5.3%

Notz Stucki Europe SA The Children's Investment Fund 5.2%

Administrator MW Eureka Fund Euro 5.1%


Auditor


Custodian Fund: NS Selection - Columbus Class USD


Website Index 2: MSCI World Index

www.notzstucki.com





August 31, 2015

Columbus is a Sub-fund of NS Selection SICAV-SIF, a company organised as a "société d'investissement à capital variable (SICAV)", registered as a

"fonds d'investissement specialisé" pursuant to the Luxembourg law of February 13, 2007 on specialised investment funds.

Columbus is a multimanager fund investing primarily in Haussmann SCA SICAV-SIF, which focuses primarily on global equity hedge and macro related

strategies in developed markets.

The investment objective of Columbus is to achieve superior risk-adjusted returns whilst limiting drawdowns to protect capital in difficult market

environments.

Columbus invests primarily in a selection of hedge funds managed by experienced independent investment managers. The selected investment

managers focus mainly on global equity hedge and macro related strategies in developed markets. These strategies will be diversified across various

investment styles including, but not limited to: equity long/short (US, Europe, Asia, Japan, Emerging Markets), long bias, trading oriented, event

driven/activist, currency and fixed income trading.

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8

De

c-1

98

9

De

c-1

99

0

De

c-1

99

1

De

c-1

99

2

De

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99

3

De

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4

De

c-1

99

5

De

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99

6

De

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7

De

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99

8

De

c-1

99

9

De

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0

De

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1

De

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2

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3

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4

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5

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6

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7

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9

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4

NS Selection - Columbus Class USD S&P 500 Index MSCI World Index

-1.3%

2.3%

-3.6%

3.3%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

NS Selection - Columbus Class USD S&P 500 Index

20.5%

0.5%

24.0%

8.3%

21.6%

20.3%

4.8%

Global Macro

Global Equity L/S

US Equity Hedge

Asia, Emerging Markets

Europ. Equity Hedge

Global Equity Long Bias

Cash

0% 10% 20% 30%

2

NS Selection - Arowana class A USD


Share Class NAV


Class A EUR NAV: 117.75



Main Currency USD

Fund Inception 31-Jul-2013

AUM (USD) 30,943,356

Strategy Absolute Return



Redemption Monthly



Investment Min

Class A USD 125,000

Class A EUR 125,000

1 2 3 4 5 6 7 8 9 10 11 12



2015 0.05% 0.01% 1.09% 7.72% 2.30% -1.35% -1.13% 0.79% 9.56% -5.73%

2014 -0.47% 0.28% -1.04% -0.21% 0.30% 1.31% 1.35% 0.21% 0.21% 0.38% 0.35% 1.12% 3.84% -2.46%

Management Fee 2013 3.06% 0.69% 0.39% 2.41% 0.84% -1.05% 0.65% 0.22% 1.80% 1.14% 1.10% 0.79% 12.65% 9.27%

Class A USD 0.75% 2012 0.99% 2.33% -1.00% -0.13% -1.71% -0.05% -0.19% 0.44% 0.02% 0.32% 0.28% 2.70% 3.99% 13.61%

Class A EUR 0.75% 2011 -0.41% -0.61% 0.72% 1.04% -0.58% -1.22% 1.14% -2.76% -3.56% 1.60% -1.30% -0.69% -6.56% -17.31%



Return Last 1 monthLast Month 0.8% -8.5% -1.0%

Performance Fee Annualized ReturnCompound ROR 4.8% -1.2% 2.7%


Class A EUR None Max Monthly GainLargest Month Gain 7.7% 8.0% 1.6%

Max Monthly LossLargest Month Loss -3.6% -10.2% -2.1%


ReturnCumulative Return 25% -6% 13%


Annualized VolatilityAnnualized Volatility 5.5% 13.9% 0.03

Annual Sharpe Ratio (Rf)Sharpe Ratio (1%) 0.69 -0.16 0.65


ISIN Annual Sortino Ratio (vs 0%)Sortino Ratio (0%) 1.77 -0.12 1.54 Assymetric return profile vs. Index 1


Class A EUR LU0950665421 Max DrawdownMaximum Drawdown -7.2% -19.3% -5.4% Annual Down Capture vs Benchmark 1Down Capture Ratio 10%

Length Max Drawdown (months)Months In Maximum Drawdown 8 13 5

Recovery Time Max Drawdown (months)Months To Recover 13 10 15.0







Top Holdings Weight

Fund Domicile Instinct Japan Opportunity Fund 7.4%

Luxembourg 3W Greater China Focus Fund 6.0%

Investment Manager ChinaAMC China Growth Fund (offshore) 3.9%

Notz Stucki Europe SA Silver Tree 3.6%

Administrator Ariose China Growth Fund 2.2%


Auditor


Custodian Fund: NS Selection - Arowana class A USD

UBS (Luxembourg) SA Index 1: MSCI AC Asia Pacific Index

Website Index 2: HFRI FOF: Conservative Index

www.notzstucki.com





August 31, 2015

Arowana is a Sub-fund of NS Selection SICAV-SIF, a company organised as a "société d'investissement à capital variable (SICAV)", registered as a

"fonds d'investissement specialisé" pursuant to the Luxembourg law of February 13, 2007 on specialised investment funds.

Arowana is a low volatility multi-strategy fund of funds investing in Asia (including India), Australia and New Zealand with a bias towards Greater China.

The investment objective of Arowana is to achieve superior investment returns with less volatility and risk than conventional balanced portfolios of

equity and fixed income securities.

The allocation derives from a top-down approach with an opportunistic overlay. A substantial portion of the portfolio tends to be invested in funds with

assets under management below US$500m.

Arowana's target annual return is 10-15% with a target volatility of 4-6%.

Data from January 2011 to June 2013 is the track record of Arowana Asian Fund Ltd, in which the fund invests most its assets (adjusted with the fund’s fees)

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20%

30%

40%

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30%

40%

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12

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2

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13

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14

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4

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4

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Ma

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15

Ju

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5

NS Selection - Arowana class A USD MSCI AC Asia Pacific Index

-0.3%

1.0%

-3.1%

2.9%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

NS Selection - Arowana class A USD

MSCI AC Asia Pacific Index

3.0%

8.0%

6.0%

7.0%

7.0%

10.0%

18.0%

37.0%

4.0%

Credit Long/Short

Event-Driven

Long Only

Macro

Multi Strategy

Market Neutral

Trading

Equity Long/Short

Cash

0% 10% 20% 30% 40%

3

Long/Short Selection - Lynx Class I EUR


Share Class NAV

Class I EUR NAV: 375.03

Class I USD NAV: 149.65

Class I CHF NAV: 94.85


Class A CHF NAV: 94.59


Main Share Class Class I EUR

Main Currency EUR

Fund Inception November 1987

AUM (EUR) 207,231,278

Strategy Equity

Sub-strategy Long Short


Redemption Monthly


Fund Level Gate 20%

Investment Min

Class I EUR 5,000

Class I USD 5,000

Class I CHF 5,000

Class A EUR 5,000

Class A CHF 5,000

1 2 3 4 5 6 7 8 9 10 11 12



2015 0.68% 3.03% 1.22% -0.67% 2.96% -1.26% 3.52% -2.15% 7.39% 5.05%

2014 -0.60% 2.59% -1.36% -2.54% 1.22% -0.32% -1.49% 1.31% 0.57% 1.10% 2.62% 1.08% 4.11% 4.09%

Management Fee 2013 2.40% 1.85% 1.45% 0.53% 1.84% -0.83% 2.76% -2.08% 2.47% 2.34% 1.73% 1.82% 17.42% 16.43%

Class I EUR 1.50% 2012 1.96% 2.31% 0.72% 0.04% -2.77% 0.02% 0.67% -0.01% 0.73% 0.32% 2.07% 0.59% 6.74% 13.37%

Class I USD 1.50% 2011 -1.60% 0.61% -0.59% 1.11% -0.78% -0.58% -1.88% -3.59% -1.99% 2.39% -1.08% -0.83% -8.59% -10.94%

Class I CHF 1.50% 2010 -0.59% 0.03% 2.70% 0.43% -3.46% -0.95% 1.79% -0.82% 3.25% 1.45% 0.32% 2.50% 6.64% 8.04%

Class A EUR 1.50%

Class A CHF 1.50%



Return Last 1 monthLast Month -2.2% -8.7%

Performance Fee Annualized ReturnCompound ROR 5.7% 1.2%

Class I EUR None Arithmetic ReturnAverage Monthly Return 0.5% 0.2%

Class I USD None Max Monthly GainLargest Month Gain 11.4% 13.4%

Class I CHF None Max Monthly LossLargest Month Loss -11.2% -13.9%

Class A EUR None % positive returns% Positive Months 63% 57%

Class A CHF None ReturnCumulative Return 152% 23%


Annualized VolatilityAnnualized Volatility 8.6% 15.5%

Annual Sharpe Ratio (Rf)Sharpe Ratio (1%) 0.55 0.01

Omega (threshold 1)Omega Ratio (1%) 0.55 0.62

ISIN Annual Sortino Ratio (vs 0%)Sortino Ratio (0%) 1.04 0.11 Assymetric return profile vs. Index 1

Class I EUR LU0675178148 Ann. Downside deviation (vs 0%)Downside-Deviation 5.5% 11.4% Annual Up Capture vs Benchmark 1Up Capture Ratio 47%

Class I USD LU0675178494 Max DrawdownMaximum Drawdown -36.2% -57.1% Annual Down Capture vs Benchmark 1Down Capture Ratio 33%

Class I CHF LU0675178650 Length Max Drawdown (months)Months In Maximum Drawdown 17 102

Class A EUR LU0675178221 Recovery Time Max Drawdown (months)Months To Recover

Class A CHF LU0675178734 STRATEGY BREAKDOWN (% Allocation)






Top Holdings Weight

Fund Domicile Blackrock European Hedge Fund 13.6%

Luxemboug MW Eureka Fund Euro 11.9%

Investment Manager Lansdowne Developed Markets Fund Ltd. EUR 11.6%

Notz, Stucki Europe S.A. Egerton European Equity Fund 9.6%

Administrator Pelham Long Short Fund A EURO 9.5%


Auditor


Custodian Fund: Long/Short Selection - Lynx Class I EUR

UBS (Luxembourg) SA Index 1: MSCI Europe Index

Website Index 2:

www.notzstucki.com





August 31, 2015

Lynx is a sub-fund of Long/Short Selection, a company organised as "société d'investissement à capital variable (SICAV)", registered under Part II of

the Luxembourg law of December 17, 2010 on collective investment undertakings.

Lynx invests primarily in hedge funds principally allocating to European equity markets and managed by carefully selected experienced investment

managers based in Europe. Most of the selected managers are involved in bottom-up stocks picking (both long and short equities) within European

equities unless there are better opportunities outside of Europe in certain sectors where there is no equivalent listing in Europe or for investing in a

particular theme. The portfolio will be diversified across investment managers with different investment styles (market neutral, small/mid cap specialist,

macro biased, directional, trading oriented or event-driven).

Lynx's target return is 6-10% with a target volatility of 2/3 of its benchmark's.

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0%

50%

100%

150%

200%

-100%

-50%

0%

50%

100%

150%

200%

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99

8

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99

9

De

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99

9

Ju

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00

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De

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0

Ju

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1

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2

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2

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3

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4

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5

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7

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8

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9

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9

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De

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0

Ju

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1

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1

Ju

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2

De

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2

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3

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01

3

Ju

n-2

01

4

De

c-2

01

4

Ju

n-2

01

5

Long/Short Selection - Lynx Class I EUR MSCI Europe Index

-1.1%

1.7%

-3.8%

3.3%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

Long/Short Selection - Lynx Class I EUR

MSCI Europe Index

77.4%

10.9%

9.0%

3.8%

-1.1%

Equity L/S

Market Neutral

Long Only

Small Cap

Cash

-50% 0% 50% 100%

4

Long/Short Selection - US Strat Class I USD


Share Class NAV




Main Share Class Class I USD

Main Currency USD

Fund Inception March 1999

AUM (USD) 16,214,446

Strategy Equity



Redemption Monthly


Fund Level Gate 20%

Investment Min

Class I USD 5,000

Class I EUR 5,000

1 2 3 4 5 6 7 8 9 10 11 12



2015 -3.03% 4.39% 0.60% -0.78% 1.83% -0.95% 0.42% -3.58% -1.34% -4.21%

2014 -1.53% 2.63% -0.96% -1.07% 2.34% 1.40% -1.00% 2.11% -1.50% -0.61% 1.13% -0.09% 2.74% 11.39%

Management Fee 2013 2.75% 0.19% 1.69% 0.88% 2.17% 0.14% 1.14% -0.88% 1.17% 1.43% 2.21% 2.16% 16.07% 29.60%

Class I USD 1.50% 2012 1.94% 1.89% 0.57% -0.55% -3.37% -0.32% -0.27% 1.48% 0.68% -0.36% 0.68% 0.66% 2.96% 13.41%

Class I EUR 1.50% 2011 0.77% 0.63% -0.49% 1.61% 0.06% -1.56% -0.30% -5.39% -4.87% 3.75% -1.94% -0.86% -8.59% 0.00%

2010 -0.11% 0.71% 2.32% 0.70% -2.46% -2.25% 1.46% -0.95% 1.95% 1.30% 0.78% 1.82% 5.25% 12.78%

STATISTICAL ANALYSIS (Since March 1999) UP MONTHS/DOWN MONTHS VS BENCHMARK




Class I USD None Arithmetic ReturnAverage Monthly Return 0.4% 0.3%

Class I EUR None Max Monthly GainLargest Month Gain 9.1% 10.8%

Max Monthly LossLargest Month Loss -9.5% -16.9%

% positive returns% Positive Months 62% 59%

ReturnCumulative Return 117% 59%






Class I USD LU0675177769 Ann. Downside deviation (vs 0%)Downside-Deviation 5.1% 10.8% Annual Up Capture vs Benchmark 1Up Capture Ratio 44%

Class I EUR LU0675177926 Max DrawdownMaximum Drawdown -27.6% -52.6% Annual Down Capture vs Benchmark 1Down Capture Ratio 36%

Length Max Drawdown (months)Months In Maximum Drawdown 14 16

Recovery Time Max Drawdown (months)Months To Recover 48







Top Holdings Weight

Fund Domicile Glenview Capital 18.5%

Luxembourg Alliance Bernstein SICAV Select Absolute Alpha Class F 17.9%

Investment Manager Visium Global Fund 17.9%

Notz, Stucki Europe S.A. Omega Overseas Partners 11.6%

Administrator Millennium International, Ltd 11.0%


Auditor


Custodian Fund: Long/Short Selection - US Strat Class I USD


Website Index 2:

www.notzstucki.com





August 31, 2015

US Strat is a sub-fund of Long/Short Selection, a company organised as "société d'investissement à capital variable (SICAV)", registered under Part II

of the Luxembourg law of December 17, 2010 on collective investment undertakings.

The investment objective of US Strat is to achieve superior risk-adjusted returns with a low correlation to traditional asset classes.

US Strat invests mainly in hedge funds managed by experienced independent investment managers with whom the Notz Stucki Group has built a long-

term relationship. The selected investment managers invest mainly in the US equity market applying different alternative investment strategies (market

neutral, small/mid cap specialist, directional, trading oriented or event-driven) - all of them will generally carry short positions as they seek to achieve an

absolute positive performance.

US Strat's target annual return is 6-10% with a target volatility of half that of its benchmark.

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0%

50%

100%

150%

200%

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0%

50%

100%

150%

200%

Feb

-19

99

Au

g-1

99

9

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00

Au

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00

0

Feb

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01

Au

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00

1

Feb

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02

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00

2

Feb

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03

Au

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3

Feb

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04

Au

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4

Feb

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05

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5

Feb

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06

Au

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00

6

Feb

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Au

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00

7

Feb

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08

Au

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00

8

Feb

-20

09

Au

g-2

00

9

Feb

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10

Au

g-2

01

0

Feb

-20

11

Au

g-2

01

1

Feb

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12

Au

g-2

01

2

Feb

-20

13

Au

g-2

01

3

Feb

-20

14

Au

g-2

01

4

Feb

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15

Au

g-2

01

5

Long/Short Selection - US Strat Class I USD S&P 500 Index

-1.2%

1.5%

-3.7%

3.1%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

Long/Short Selection - US Strat Class I USD

S&P 500 Index

53.4%

47.0%

-0.4%

Trading

Fundamental

Cash

-20% 0% 20% 40% 60%

5

Long/Short Selection - Asia Class I USD


Share Class NAV



Class I GBP NAV: 94.31



Main Currency USD


AUM (USD) 18,194,306

Strategy Equity



Redemption Monthly


Fund Level Gate 20%

Investment Min

Class I USD 5,000

Class I EUR 5,000

Class I GBP 5,000

1 2 3 4 5 6 7 8 9 10 11 12



2015 0.28% 1.59% 0.76% 3.69% 1.07% -2.58% -3.90% -3.32% -2.63% -5.73%

2014 -2.60% 0.90% -0.86% -0.85% 0.35% 0.51% 0.17% 0.10% -1.45% 0.67% 0.75% -1.39% -3.70% -2.46%

Management Fee 2013 2.20% 0.46% 0.56% 0.77% 0.48% -3.25% -0.07% -0.88% 1.79% 1.79% 0.03% 0.01% 3.85% 9.27%

Class I USD 1.50% 2012 1.80% 2.58% 0.41% -0.72% -3.86% -0.39% -0.01% 0.37% 1.95% -0.87% 0.08% 0.42% 1.62% 13.61%

Class I EUR 1.50% 2011 -1.42% -0.64% 1.76% 2.04% -1.61% -0.87% 2.00% -3.86% -6.06% 2.37% -2.18% -0.56% -8.99% -17.31%

Class I GBP 1.50% 2010 -1.79% -0.01% 4.04% 1.43% -5.53% 0.24% 2.12% -0.30% 4.01% 0.93% 0.07% 3.33% 8.45% 14.32%





Class I USD None Arithmetic ReturnAverage Monthly Return 0.5% 0.2%

Class I EUR None Max Monthly GainLargest Month Gain 16.0% 21.2%

Class I GBP None Max Monthly LossLargest Month Loss -15.6% -19.7%










Class I GBP LU0675179203 Length Max Drawdown (months)Months In Maximum Drawdown 50 159

Recovery Time Max Drawdown (months)Months To Recover 11 44






Top Holdings Weight

Fund Domicile Indus Pacifichoice Asia Fund 12.0%

Luxembourg Nevsky Fund USD Class 11.5%

Investment Manager Horizon Asia 10.0%

Notz Stucki Europe SA EB Asia Absolute Return Fund 9.8%

Administrator Ikebana Japan Long/Short Ltd. 9.1%


Auditor


Custodian Fund: Long/Short Selection - Asia Class I USD

UBS (Luxembourg) SA Index 1: MSCI AC Asia Pacific Index

Website Index 2:

www.notzstucki.com





August 31, 2015

Asia is a sub-fund of Long/Short Selection, a company organised as "société d'investissement à capital variable (SICAV)", registered under Part II of

the Luxembourg law of December 17, 2010 on collective investment undertakings.

The investment objective of Asia is to achieve superior risk-adjusted returns with a low correlation to traditional asset classes.

Asia invests with both equity long short and traditional managers focusing primarily on the Far East (Pacific Rim countries - Asian countries including

Japan, India and Australia), as well as in Emerging Markets. The portfolio will be diversified across investment managers with different investment

styles, but primarily managers specializing in equities.

Asia's target annual return is 6-10% with a target volatility of 2/3’s of its benchmark.

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0%

100%

200%

300%

400%

500%

-100%

0%

100%

200%

300%

400%

500%

De

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98

7

De

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98

8

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98

9

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99

0

De

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1

De

c-1

99

2

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3

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4

De

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5

De

c-1

99

6

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7

De

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8

De

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9

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00

0

De

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1

De

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2

De

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3

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4

De

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5

De

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6

De

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7

De

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8

De

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9

De

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0

De

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01

1

De

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2

De

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3

De

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4

Long/Short Selection - Asia Class I USD MSCI AC Asia Pacific Index

-1.7%

2.4%

-4.5%

4.4%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

Long/Short Selection - Asia Class I USD

MSCI AC Asia Pacific Index

6

Ikebana Japan Long/Short Ltd.


Share Class NAV



Main Share Class Class USD

Main Currency USD

Fund Inception December 2001

AUM (USD) 15,659,084

Strategy Equity



Redemption Monthly



Investment Min

Class USD 1,000

1 2 3 4 5 6 7 8 9 10 11 12



2015 -1.47% 5.09% 1.14% 3.10% 3.23% -1.37% 0.33% -4.11% 5.76% 9.34%

2014 -2.94% -1.55% 2.15% 0.14% 2.71% 3.46% 0.45% -0.32% 1.82% -0.06% 3.35% -0.15% 9.19% 8.18%

Management Fee 2013 3.98% 1.21% 4.50% 10.96% -2.11% 4.19% 4.58% -1.73% 5.52% -0.55% 3.26% 5.73% 46.56% 51.44%

Class USD 1.50% 2012 0.64% 3.68% 1.18% -1.36% -4.51% 0.54% -1.51% -0.53% 0.63% 0.14% 8.81% 1.94% 9.50% 17.92%

2011 0.58% 1.40% -2.78% -0.30% -0.47% 0.20% 0.54% -3.09% -1.94% 0.59% -1.72% 0.57% -6.35% -19.00%

2010 -0.51% -0.35% 2.91% 2.55% -3.51% -0.62% -0.61% -1.15% 0.92% -0.28% 0.84% 18.54% 18.58% -1.02%

STATISTICAL ANALYSIS (Since December 2001) UP MONTHS/DOWN MONTHS VS BENCHMARK




Class USD None Arithmetic ReturnAverage Monthly Return 0.6% 0.5%

Max Monthly GainLargest Month Gain 18.5% 12.6%

Max Monthly LossLargest Month Loss -5.7% -20.1%








Class USD VGG4708F1062 Ann. Downside deviation (vs 0%)Downside-Deviation 4.6% 12.2% Annual Up Capture vs Benchmark 1Up Capture Ratio 45%

Max DrawdownMaximum Drawdown -29.6% -58.0% Annual Down Capture vs Benchmark 1Down Capture Ratio 35%








Top Holdings Weight

Fund Domicile Arcus Zensen Fund 12.5%

British Virgin Islands Lindsell Train Japanese Equity Fund JPY 9.4%

Investment Manager RIT PK Japan 9.2%

Notz Stucki Europe SA Sparx Long-Short Fund 8.9%

Administrator Akamatsu Fund 8.3%


Auditor


Custodian Fund: Ikebana Japan Long/Short Ltd.

UBS (Luxembourg) SA Index 1: Topix Hedged in USD

Website Index 2:

www.notzstucki.com





August 31, 2015

Ikebana Japan Long/Short Ltd. is an open-ended investment fund.

The investment objective of Ikebana is to achieve superior risk-adjusted returns with a low correlation to traditional asset classes.

Ikebana's investment policy is to invest its assets in other funds managed by experienced independent advisers who invest mainly in the Japanese

equity market on a long /short and long only basis.

These fund managers will use techniques both to reduce their fund's exposure to the broader Japanese stock market, and seek to protect capital during

periods of market weakness. Some managers will use leverage. The objectives of the underlying funds are in general to deliver superior absolute

performance, in USD terms, independent of the return of the Japanese stock market indices.

Ikebana's target annual return is 6-10% with a target volatility of half that of its benchmark.

-50%

0%

50%

100%

150%

200%

-50%

0%

50%

100%

150%

200%

No

v-2

00

1

Ma

y-2

002

No

v-2

00

2

Ma

y-2

003

No

v-2

00

3

Ma

y-2

004

No

v-2

00

4

Ma

y-2

005

No

v-2

00

5

Ma

y-2

006

No

v-2

00

6

Ma

y-2

007

No

v-2

00

7

Ma

y-2

008

No

v-2

00

8

Ma

y-2

009

No

v-2

00

9

Ma

y-2

010

No

v-2

01

0

Ma

y-2

011

No

v-2

01

1

Ma

y-2

012

No

v-2

01

2

Ma

y-2

013

No

v-2

01

3

Ma

y-2

014

No

v-2

01

4

Ma

y-2

015

Ikebana Japan Long/Short Ltd. Topix Hedged in USD

-1.2%

2.1%

-3.9%

4.0%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

Ikebana Japan Long/Short Ltd. Topix Hedged in USD

7

DGC - Equity World EUR Class


Share Class NAV





Main Share Class Class EUR

Main Currency EUR

Fund Inception 24-Jan-2007

AUM (EUR) 153,194,678

Strategy Equity

Sub-strategy Long Only

Subscription Weekly

Redemption Weekly

Notice Period None


Investment Min

Class EUR None

Class USD None

Class CHF None

1 2 3 4 5 6 7 8 9 10 11 12



2015 3.61% 5.99% 2.81% -1.72% 3.11% -3.21% 2.17% -6.44% 5.86% 2.71%

2014 -0.72% 3.01% -1.92% -1.45% 3.29% 0.95% -0.29% 2.63% 0.02% 0.89% 3.35% 1.17% 11.31% 16.26%

Management Fee 2013 2.95% 3.15% 3.25% -0.46% 3.17% -2.53% 2.35% -0.84% 2.78% 2.60% 2.04% 1.45% 21.59% 15.05%

Class EUR 1.50% 2012 4.50% 3.87% 2.15% -1.94% -1.56% -1.38% 4.06% 0.44% 0.92% -0.95% 1.25% 0.34% 12.03% 11.69%

Class USD 1.50% 2011 0.23% 0.49% -1.55% 1.48% -0.94% -2.00% 1.46% -11.10% -2.95% 3.10% -2.06% 3.87% -10.31% -6.39%

Class CHF 1.50% 2010 -0.53% 0.08% 6.19% 3.25% -8.79% 1.14% 2.13% -1.40% 5.36% 1.44% 1.42% 5.03% 15.43% 18.09%

STATISTICAL ANALYSIS (Since February 2007) EQUITY REGIONAL EXPOSURE (% Allocation)


Return Last 1 monthLast Month -6.4% -8.3% 0.0%


Class EUR None Arithmetic ReturnAverage Monthly Return 0.3% 0.3% 0.1%

Class USD None ReturnCumulative Return 20% 24% 12%

Class CHF None




ISIN

Class EUR LU0283566767 Annual Up Capture vs Benchmark 1

Class USD LU0864888259 Annual Down Capture vs Benchmark 1

Class CHF LU0610332032

Comparison To Benchmark Index 1 Index 2 CURRENCY BREAKDOWN (% Allocation)


Beta to Benchmark 1Beta 0.91 -12.58

Correlation to Benchmark 1Correlation 0.77 -0.37


Fund Domicile

Luxembourg Top Holdings Weight

Management Company Sands Capital Fund PLC 10.2%

Notz, Stucki & Cie S.A. Conventum - Lyrical Fund 9.7%

Investment Manager Hereford Funds - DSM US Large 9.2%

Notz, Stucki & Cie S.A. Eleva UCITS Fund - Eleva Europe 7.5%

Administrator Echiquier Agressor 6.7%

Apex F Serv. (Malta) Ltd. Lux.

Auditor


Custodian Fund: DGC - Equity World EUR Class

UBS (Luxembourg) S.A. Index 1: MSCI AC World Index Daily Price EUR

Website Index 2: Libor EUR 1 month

www.notzstucki.com





August 31, 2015

Equity World is a sub-fund of Diversified Growth Company (DGC), a company organized as a "société d'investissement à capital variable" (SICAV

UCITS IV), registered under Part I of the Luxembourg law of December 17, 2010 on collective investment undertakings.

Equity World is a multimanager fund investing in a selection of long only fund managers exposed to worldwide equity markets (Europe, North America,

Asia and Emerging Markets).

The investment objective of the sub-fund is to perform in line with the MSCI All Country World in euros Index (hedged in the subfund's currency when

applicable) thanks to a concentrated selection of underlying funds and Exchange Traded Equity products, which will be included in the portfolio for their

performance consistency and their alignment with Notz Stucki’s macro views.

-60%

-40%

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0%

20%

40%

60%

-60%

-40%

-20%

0%

20%

40%

60%

Ja

n-2

00

7

Ap

r-20

07

Ju

l-20

07

Oct-

20

07

Ja

n-2

00

8

Ap

r-20

08

Ju

l-20

08

Oct-

20

08

Ja

n-2

00

9

Ap

r-20

09

Ju

l-20

09

Oct-

20

09

Ja

n-2

01

0

Ap

r-20

10

Ju

l-20

10

Oct-

20

10

Ja

n-2

01

1

Ap

r-20

11

Ju

l-20

11

Oct-

20

11

Ja

n-2

01

2

Ap

r-20

12

Ju

l-20

12

Oct-

20

12

Ja

n-2

01

3

Ap

r-20

13

Ju

l-20

13

Oct-

20

13

Ja

n-2

01

4

Ap

r-20

14

Ju

l-20

14

Oct-

20

14

Ja

n-2

01

5

Ap

r-20

15

Ju

l-20

15

DGC - Equity World EUR Class MSCI AC World Index Daily Price EUR

58.5%

37.1%

4.4%

USD

EUR

GBP

0% 50% 100%

45.3%

30.3%

15.9%

6.9%

1.6%

USA

Europe

Global

Japan

China

0% 20% 40% 60%

8

DGC - Stock Selection class A EUR


Share Class NAV




Class B EUR NAV: 106.46


Main Share Class Class A EUR

Main Currency EUR


AUM (EUR) 145,085,226

Strategy Equity


Subscription Weekly

Redemption Weekly

Notice Period None


Investment Min

Class A EUR None

Class A CHF None

Class A USD None

Class B EUR 3,000,000

1 2 3 4 5 6 7 8 9 10 11 12



2015 2.60% 7.10% 2.92% -1.02% 1.86% -3.05% 1.65% -8.93% 2.32% 3.93%

2014 -0.95% 2.56% 0.54% -0.80% 3.35% 0.96% -0.55% 3.45% 0.67% -0.19% 0.03% -0.23% 9.07% 17.21%

Management Fee 2013 3.14% 3.24% 3.56% -0.84% 2.70% -3.01% 2.65% -1.35% 2.34% 3.02% 0.97% 1.24% 18.88% 18.74%

Class A EUR 1.50% 2012 3.15% 2.06% 2.30% -0.81% -3.20% 3.06% 2.06% 0.16% 0.96% -1.00% 0.99% 1.54% 11.66% 11.45%

Class A CHF 1.50% 2011 1.74% 2.00% -2.50% 1.57% -0.23% -2.52% -1.19% -9.25% -5.33% 8.34% -0.04% 1.63% -6.62% -4.53%

Class A USD 1.50% 2010 -1.93% 2.77% 7.36% 1.24% -5.81% -2.61% 3.14% -2.58% 3.44% 2.13% 1.54% 5.70% 14.48% 17.16%

Class B EUR 0.60%

STATISTICAL ANALYSIS (Since January 2008) EQUITY REGIONAL EXPOSURE (% Allocation)




Class A EUR None Arithmetic ReturnAverage Monthly Return 0.4% 0.4%

Class A CHF None ReturnCumulative Return 40% 35%

Class A USD None

Class B EUR None




ISIN

Class A EUR LU0947862743 Annual Up Capture vs Benchmark 1

Class A CHF LU0947862669 Annual Down Capture vs Benchmark 1

Class A USD LU0947863048

Class B EUR LU0998532633 Comparison To Benchmark Index 1 Index 2 SECTOR BREAKDOWN (% Allocation)





Fund Domicile


Management Company Facebook Inc 4.4%

Notz Stucki Europe SA LYXOR UCITS ETF JPX-Nikkei 400 4.0%

Investment Manager UBS Group AG 3.8%

Notz, Stucki & Cie S.A. United Rentals Inc 3.4%

Administrator Schlumberger Ltd 3.4%


Auditor


Custodian Fund: DGC - Stock Selection class A EUR

UBS (Luxembourg) S.A. Index 1: MSCI World EUR

Website Index 2:

www.notzstucki.com





August 31, 2015

Stock Selection is a subfund of Diversified Growth Company (DGC), a company organised as a "société d'investissement à capital variable" (SICAV


Stock Selection invests in Equities and Equity-related products.

Stock Selection’s investment objective is to outperform the MSCI World in euros Index. The sub-fund will invest in global equities with an emphasis on

developed markets with no specific style or geographic bias. Equities will be included in the portfolio following a strict valuation process and will also fit

with Notz Stucki’s main investment themes.

Data from January 1st 2008 to July 3rd 2013 is based on a real portfolio, adjusted with the fund's fees. Data from July 4th is the real fund's performance.

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20%

40%

60%

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0%

20%

40%

60%

De

c-2

00

7

Ma

r-20

08

Ju

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00

8

Se

p-2

00

8

De

c-2

00

8

Ma

r-20

09

Ju

n-2

00

9

Se

p-2

00

9

De

c-2

00

9

Ma

r-20

10

Ju

n-2

01

0

Se

p-2

01

0

De

c-2

01

0

Ma

r-20

11

Ju

n-2

01

1

Se

p-2

01

1

De

c-2

01

1

Ma

r-20

12

Ju

n-2

01

2

Se

p-2

01

2

De

c-2

01

2

Ma

r-20

13

Ju

n-2

01

3

Se

p-2

01

3

De

c-2

01

3

Ma

r-20

14

Ju

n-2

01

4

Se

p-2

01

4

De

c-2

01

4

Ma

r-20

15

Ju

n-2

01

5

DGC - Stock Selection class A EUR MSCI World EUR

17.7%

15.9%

15.3%

14.2%

11.7%

10.5%

8.3%

4.2%

2.2%

Financial

Industrial

Consumer, Cyclical

Technology

Basic Materials

Consumer, Non-cyclical

Energy

Funds

Communications

0% 10% 20%

51.0%

38.3%

8.9%

0.9%

0.9%

USA

Europe

Japan

China

Mexico

0% 20% 40% 60%

9

DGC - Franck Muller Luxury Fund Class A EUR


Share Class NAV




Class B EUR Not invested

Class B CHF NAV: 97.87



Main Currency EUR

Fund Inception 10-Dec-2014

AUM (EUR) 26,819,427

Strategy Equity


Subscription Weekly

Redemption Weekly

Notice Period None


Investment Min

Class A EUR 10,000

Class A CHF 10,000

Class A USD 10,000


Class B CHF 3,000,000

1 2 3 4 5 6 7 8 9 10 11 12



2015 3.49% 3.25% 3.17% -3.31% 0.47% -2.23% 1.83% -8.74% -2.69% 1.31%

2014 1.12% 1.12% -1.69%

Management Fee

Class A EUR 1.50%

Class A CHF 1.50%

Class A USD 1.50%

Class B EUR 0.60%

Class B CHF 0.60%

STATISTICAL ANALYSIS (Since December 2014) EQUITY REGIONAL EXPOSURE (% Allocation)



Performance Fee Arithmetic ReturnAverage Monthly Return -0.1% 0.1% 0.7%

(with 5% hurdle rate) ReturnCumulative Return -2% 0% 5%

Class A EUR 10.00%

Class A CHF 10.00%

Class A USD 10.00%

Class B EUR 10.00%

Class B CHF 10.00%



Annual Sharpe Ratio (Rf)Sharpe Ratio (1%) -0.22 -0.08 0.38

ISIN Annual Up Capture vs Benchmark 1

Class A EUR LU1143003736 Annual Down Capture vs Benchmark 1

Class A CHF LU1143004031

Class A USD LU1143003819 Comparison To Benchmark Index 1 Index 2 CURRENCY BREAKDOWN (% Allocation)

Class B EUR LU1143004387 Annualized Alpha vs Benchmark 1Annualized Alpha -2.0% -7.6%

Class B CHF LU1143004460 Beta to Benchmark 1Beta 0.71 0.83



Fund Domicile

Luxembourg

Investment Advisor

Genthod Global Wealth Management Top Holdings Weight

Investment Manager Carnival Corp 6.3%

Notz, Stucki & Cie S.A. Hermes International 4.9%

Management Company Under Armour Inc 4.7%

Notz Stucki Europe SA Moncler SpA 4.5%

Administrator Hugo Boss AG 4.5%


Auditor


Custodian Fund: DGC - Franck Muller Luxury Fund Class A EUR

UBS (Luxembourg) S.A. Index 1: S&P Global Luxury Index in EUR

Website Index 2: MSCI World EUR

www.notzstucki.com





August 31, 2015

Franck Muller Luxury Fund is a sub-fund of Diversified Growth Company (DGC), a company organized as a "société d'investissement à capital

variable" (SICAV UCITS IV), registered under Part I of the Luxembourg law of December 17, 2010 on collective investment undertakings.

Franck Muller Luxury Fund invests in a portfolio of global high quality stocks operating in the luxury sector, including manufacturing, retail, marketing

and/or high end consumer goods and services by leveraging the luxury sector know-how and insights provided by the Franck Muller Group.

Franck Muller Luxury Fund's target return is to outperform the MSCI World.

-10%

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0%

5%

10%

15%

20%

25%

30%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%N

ov-2

01

4

De

c-2

01

4

Ja

n-2

01

5

Feb

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15

Ma

r-20

15

Ap

r-20

15

Ma

y-2

015

Ju

n-2

01

5

Ju

l-20

15

Au

g-2

01

5

DGC - Franck Muller Luxury Fund Class A EUR S&P Global Luxury Index in EUR MSCI World EUR

46.2%

30.7%

8.7%

5.9%

3.9%

2.9%

1.7%

USD

EUR

GBP

CHF

HKD

CAD

JPY

0% 20% 40% 60%

50.5%

32.8%

8.8%

6.1%

1.8%

USA & canada

Europe

UK

Switzerland

Japan

0% 20% 40% 60%

10

DGC - Flexible Allocation EUR Class


Share Class NAV





Main Currency EUR

Fund Inception 3-Feb-2010

AUM (EUR) 53,623,572

Strategy Equity

Sub-strategy Flexible

Subscription Weekly

Redemption Weekly

Notice Period None


Investment Min

Class EUR None

Class CHF None

1 2 3 4 5 6 7 8 9 10 11 12



2015 2.61% 2.41% 1.67% -0.91% 1.21% -2.74% 1.87% -3.40% 2.54% 5.05%

2014 0.26% 2.52% 0.26% 0.81% 0.91% -0.71% -0.68% 0.08% 0.54% -1.23% 1.89% -0.13% 4.55% 4.09%

Management Fee 2013 1.82% 0.55% 1.02% 0.97% 1.65% -2.64% 1.66% -0.34% 2.61% 3.04% 1.33% 1.00% 13.29% 16.43%

Class EUR 1.25% 2012 2.85% 3.62% 1.10% -3.61% -1.44% -0.56% 3.90% 0.75% 1.84% -0.13% 1.21% 1.17% 10.97% 13.37%

Class CHF 1.25% 2011 0.21% 0.17% -2.23% 0.83% -0.69% -1.68% 0.27% -7.79% -2.49% 1.98% -1.84% 1.08% -11.86% -10.94%

2010 0.03% 1.98% 0.25% -3.64% 0.13% 0.41% -0.55% 1.67% 1.34% -1.09% 2.34% 2.76% 11.30%

STATISTICAL ANALYSIS (Since February 2010) EQUITY REGIONAL EXPOSURE (% Allocation)





Class CHF None ReturnCumulative Return 22% 43% 2%



Annual Sharpe Ratio (Rf)Sharpe Ratio (1%) 0.38 0.45 -5.09

ISIN


Class CHF LU0547752963 Annual Down Capture vs Benchmark 1

Comparison To Benchmark Index 1 Index 2 CURRENCY BREAKDOWN (% Allocation)





Fund Domicile


Management Company Henderson - Cautious Managed Futures 15.5%

Notz Stucki Europe SA Lemanik SICAV - Italy 14.6%

Investment Manager Acatis - Gane Value Event Fond 14.0%

Notz, Stucki & Cie S.A. Walser Portfolio German Select 13.0%

Administrator Ethna-Aktiv 9.8%


Auditor


Custodian Fund: DGC - Flexible Allocation EUR Class

UBS (Luxembourg) S.A. Index 1: MSCI Europe Index


www.notzstucki.com





August 31, 2015

Flexible Allocation is a sub-fund of Diversified Growth Company (DGC), a company organized as a "société d'investissement à capital variable"

(SICAV UCITS IV), registered under Part I of the Luxembourg law of December 17, 2010 on collective investment undertakings.

Flexible Allocation is a multimanager fund investing in a selection of asset allocation funds, mostly invested in European securities, which have the

ability to raise or lower their exposure to equities, fixed income instruments, or cash according to their perception of market risks and opportunities.

The investment objective of Flexible Allocation is to achieve a positive absolute return.

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0%

10%

20%

30%

40%

50%

60%

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10%

20%

30%

40%

50%

60%

Ja

n-2

01

0

Ap

r-20

10

Ju

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10

Oct-

20

10

Ja

n-2

01

1

Ap

r-20

11

Ju

l-20

11

Oct-

20

11

Ja

n-2

01

2

Ap

r-20

12

Ju

l-20

12

Oct-

20

12

Ja

n-2

01

3

Ap

r-20

13

Ju

l-20

13

Oct-

20

13

Ja

n-2

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Ap

r-20

14

Ju

l-20

14

Oct-

20

14

Ja

n-2

01

5

Ap

r-20

15

Ju

l-20

15

DGC - Flexible Allocation EUR Class MSCI Europe Index Libor EUR 1 month

98.2%

1.7%

0.1%

EUR

GBP

CHF

0% 50% 100%

67.3%

32.7%

Europe

Global

0% 50% 100%

11

DGC - Horizonte class A EUR


Share Class NAV





Class B USD NAV: 104.75



Main Currency EUR

Fund Inception 30-Mar-2012

AUM (EUR) 103,800,706

Strategy Equity


Subscription Weekly

Redemption Weekly

Notice Period None


Investment Min

Class A EUR 10,000

Class A USD 10,000

Class A CHF 10,000


Class B USD 3,000,000

1 2 3 4 5 6 7 8 9 10 11 12



2015 0.38% 1.66% 0.46% -0.15% 0.58% -1.07% 0.88% -2.29% 0.41% -2.29%

2014 -0.30% 1.04% -0.28% -0.19% 1.07% 0.26% -0.21% 0.97% 0.05% 0.86% 1.18% -0.14% 4.39% 7.15%

Management Fee 2013 1.53% 1.22% 1.12% 0.42% 1.03% -1.80% 1.30% -0.56% 0.92% 0.93% 0.39% 0.10% 6.74% 22.91%

Class A EUR 1.00% 2012 -0.13% -2.98% 1.03% 1.86% 0.49% 1.07% 0.13% 0.61% 0.55% 2.58% 2.41%

Class A USD 1.00%

Class A CHF 1.00%

Class B EUR 0.75%

Class B USD 0.75%

STATISTICAL ANALYSIS (Since April 2012) EQUITY REGIONAL EXPOSURE (%Allocation)




Class A EUR 5.00% Arithmetic ReturnAverage Monthly Return 0.3% 0.7% 0.1%

Class A USD 5.00% ReturnCumulative Return 15% 32% 6%

Class A CHF 5.00%

Class B EUR 5.00%

Class B USD 5.00% Risk Fund Index 1 Index 2





ISIN Beta to Benchmark 1Beta 0.33 1.81

Class A EUR LU0714639076 Correlation to Benchmark 1Correlation 0.89 0.43

Class A USD LU0714639159 R² vs Benchmark 1R-squared 0.79 0.19


Class B EUR LU0714639233

Class B USD LU0714639316 Bond Portfolio Fund STRATEGY BREAKDOWN (% Allocation)

Weight 44.3%

Average Rating A-

YTM 2.11%

Duration 1.24

Top Holdings Weight

Fund Domicile TCW Unconstrained 4.8%

Luxembourg db x-trackers DAX UCITS ETF 4.7%

Management Company iShares S&P 100 ETF 3.9%

Notz Stucki Europe SA Winton Global Equity 3.9%

Investment Manager Salar Fund PLC 3.7%

Notz, Stucki & Cie S.A.

Administrator


Auditor


Custodian Fund: DGC - Horizonte class A EUR

UBS (Luxembourg) S.A. Index 1: MSCI AC World Local

Website Index 2: Barclays Global AGG 1-5 TR Index Hedged EUR

www.notzstucki.com





August 31, 2015

Horizonte is a sub-fund of Diversified Growth Company (DGC), a company organized as a "société d'investissement à capital variable" (SICAV UCITS

IV), registered under Part I of the Luxembourg law of December 17, 2010 on collective investment undertakings.

Horizonte is an asset allocation fund that invests in equities (funds, ETFs, or direct investments) in fixed income (funds, ETFs, or direct investments),

absolute return (funds), currencies and cash. The fund has a global investment universe including emerging markets. The fund follows an opportunistic

approach to invest in markets looking at valuation, momentum and market liquidity for the different asset classes and regional allocation.

Horizonte's target return will be to outperform an index composed of 35% MSCI Hedged World in Euro and 65% Libor Euro 1 month (hedged in the sub-

fund's currency when applicable), with a volatility of approximately 45% of the MSCI World's Index (hedged in the sub-fund's currency when

applicable).

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0%

10%

20%

30%

40%

50%

60%

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0%

10%

20%

30%

40%

50%

60%M

ar-

20

12

Ju

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Ma

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13

Ju

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01

3

Se

p-2

01

3

De

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01

3

Ma

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14

Ju

n-2

01

4

Se

p-2

01

4

De

c-2

01

4

Ma

r-20

15

Ju

n-2

01

5

DGC - Horizonte class A EUR MSCI AC World Local Barclays Global AGG 1-5 TR Index Hedged EUR

30.0%

2.5%

3.0%

4.7%

9.7%

49.1%

1.0%

Equities

EQ. Flexible

EQ. Long/short

Absolute Return

FI HY_EM_Conv

FI IG Bonds

Cash

0% 20% 40% 60%

45%

45%

7%

2%

1%

54%

25%

8%

7%

6%

US

Europe

Japan

EM

Other

0% 20% 40% 60%

Index 1

Fund

12

DGC - NS Balanced class A EUR


Share Class NAV







Main Currency EUR


AUM (EUR) 51,874,754

Strategy Equity


Subscription Weekly

Redemption Weekly

Notice Period None


Investment Min

Class A EUR None

Class A USD None

Class A CHF None


1 2 3 4 5 6 7 8 9 10 11 12



2015 1.56% 2.42% 1.04% 0.28% 1.17% -1.42% 1.07% -3.08% 2.97% -2.29%

2014 -0.44% 1.55% -0.51% -0.68% 1.44% 0.49% -0.49% 0.97% -0.05% 0.22% 1.20% -0.20% 3.52% 7.15%

Management Fee 2013 2.00% 1.60% 1.47% 0.57% 1.35% -2.29% 1.83% -0.81% 1.67% 1.15% 0.77% 0.60% 10.28% 22.91%

Class A EUR 1.25% 2012 -0.14% -3.81% 1.36% 2.42% 0.66% 1.40% 0.19% 0.81% 0.73% 3.55% 2.41%

Class A USD 1.25%

Class A CHF 1.25%

Class B EUR 1.00%

STATISTICAL ANALYSIS (Since April 2012) EQUITY REGIONAL EXPOSURE (%Allocation)




Class A EUR 5.00% Arithmetic ReturnAverage Monthly Return 0.5% 0.7% 0.1%

Class A USD 5.00% ReturnCumulative Return 22% 32% 6%

Class A CHF 5.00%

Class B EUR 5.00%






ISIN Beta to Benchmark 1Beta 0.43 2.43

Class A EUR LU0953299699 Correlation to Benchmark 1Correlation 0.88 0.43

Class A USD LU0953300026 R² vs Benchmark 1R-squared 0.77 0.19


Class B EUR LU0953300539

Bond Portfolio Fund STRATEGY BREAKDOWN (% Allocation)

Weight 19.2%

Average Rating BBB+

YTM 4.78%

Duration 2.46

Top Holdings Weight

Fund Domicile Pershing Square 5.0%

Luxembourg Egerton Capital Equity Fund 3.9%

Management Company Arcus Japan Fund 3.9%

Notz Stucki Europe SA Muzinich Funds - Long Short Credit 3.7%

Investment Manager Marshall Wace TOPS fund 3.2%

Notz, Stucki & Cie S.A.

Administrator


Auditor


Custodian Fund: DGC - NS Balanced class A EUR



www.notzstucki.com





August 31, 2015

NS Balanced is a sub-fund of Diversified Growth Company (DGC), a company organized as a "société d'investissement à capital variable" (SICAV


NS Balanced is an asset allocation fund that invests in equities (funds, ETFs or direct investments), fixed income (funds, ETFs or direct investments),

absolute return (funds), currencies and cash. The fund has a global investment universe (including emerging markets). The fund follows an

opportunistic approach to invest in markets looking at valuation, momentum and market liquidity for the different asset classes and regional allocation.

NS Balanced's target return will be outperform an index composed of 50% MSCI Hedged World in Euro and 50% Libor Euro 1 month (hedged in the

subfund's currency when applicable), with a volatility of approximately 60% of the MSCI World's index (hedged in the subfund's currency when

applicable).

Note: performances from 31-Mar-12 to 24-July-13 are taken from a similar fund (DGC - Horizonte), adjusting for the different level of risk and commissions. Performance July 1st - July

24th is based on a similar fund (DGC - Horizonte), adjusted with the NS Balanced's fees and volatility. Performance July 25th - July 31st is the real fund's.

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DGC - NS Balanced class A EUR MSCI AC World Local Barclays Global AGG 1-5 TR Index Hedged EUR

42.3%

4.3%

8.7%

12.1%

6.0%

19.2%

7.4%

Equities

EQ. Flexible

EQ. Long/short

Absolute Return

FI HY_EM_Conv

FI IG Bonds

Cash

0% 20% 40% 60%

44%

35%

12%

7%

2%

54%

25%

8%

7%

6%

US

Europe

Japan

EM

Other

0% 20% 40% 60%

Index 1

Fund

13

Multi Strategy SICAV - Vision Class I USD


Share Class NAV





Main Currency USD

Fund Inception March 2000

AUM (USD) 18,413,990


Sub-strategy Macro/CTA


Redemption Monthly


Fund Level Gate 25%

Investment Min

Class I USD 5,000

Class I EUR 5,000

1 2 3 4 5 6 7 8 9 10 11 12



2015 -0.08% -0.30% -0.19% -1.88% -0.21% -1.81% 1.48% -0.22% -3.21% -3.76%

2014 -1.22% 0.84% -2.01% -1.67% 0.87% 0.46% 0.02% -0.30% 0.53% -1.81% 4.47% 1.50% 1.50% 2.93%

Management Fee 2013 2.81% 0.19% 0.99% 2.47% -0.92% -1.85% -0.58% -1.04% -0.05% 0.07% 1.52% 1.42% 5.04% 24.10%

Class I USD 1.50% 2012 0.91% 0.86% -0.87% -1.06% 1.02% -1.74% 0.81% -0.01% 0.03% -0.96% -0.01% 1.74% 0.67% 13.18%

Class I EUR 1.50% 2011 -0.89% 0.37% -0.71% 1.38% -3.39% -1.94% 1.16% -1.34% 1.60% -1.86% -0.52% -0.46% -6.52% -7.62%

2010 -1.16% -0.66% 1.35% 0.58% -3.26% -0.34% 0.63% 0.07% 2.84% 1.63% 0.35% 2.02% 3.98% 9.55%





Class I USD None Arithmetic ReturnAverage Monthly Return 0.4% 0.4% 0.1%

Class I EUR None Max Monthly GainLargest Month Gain 6.8% 10.9% 0.5%

Max Monthly LossLargest Month Loss -4.7% -19.0% 0.0%


















Top Holdings Weight

Fund Domicile Discovery Global Opportunity 13.2%

Luxembourg Pharo Macro Fund 13.2%

Investment Manager Moore Macro Managers Fund 12.9%

Notz Stucki Europe SA QFR Victoria Fund 11.4%

Administrator Fortress Macro Fund 9.8%


Auditor


Custodian Fund: Multi Strategy SICAV - Vision Class I USD

UBS (Luxembourg) SA Index 1: MSCI World Index

Website Index 2: Libor USD 1 month

www.notzstucki.com





August 31, 2015

Vision is a sub-fund of the Multi Strategy SICAV, a company organised as a "société d'investissement à capital variable (SICAV)" and registered under

Part II of the Luxembourg law of December 17, 2010 on collective investment undertakings.

The investment objective of Vision is to achieve superior risk-adjusted returns with a low correlation to traditional asset classes.

Vision is a multimanager fund investing in a selection of hedge funds with a focus on discretionary global macro strategies. The selected hedge fund

managers may invest in various financial instruments including futures contracts and options, fixed income and engage in foreign exchange arbitrage,

as well as selling short securities.

Vision's target annual return is 6-10% with a target volatility of half that of its benchmark.

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Multi Strategy SICAV - Vision Class I USD MSCI World Index

-0.5%

1.1%

-3.5%

3.3%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

Multi Strategy SICAV - Vision Class I USD

MSCI World Index

84.9%

8.9%

6.2%

Macro Discretionary

Commodities

Cash

0% 50% 100%

14

Multi Strategy SICAV - Trend Class I USD


Share Class NAV





Main Currency USD

Fund Inception September 2004

AUM (USD) 13,934,828




Redemption Monthly



Investment Min

Class I USD 5,000

Class I EUR 5,000

1 2 3 4 5 6 7 8 9 10 11 12



2015 3.75% 1.25% 2.40% -3.26% -1.09% -5.61% 4.08% -5.10% -4.02% -3.76%

2014 -2.60% 1.64% -1.05% 1.78% 4.29% 1.31% -2.18% 4.11% 0.45% 0.81% 3.92% 1.30% 14.36% 2.93%

Management Fee 2013 1.32% -1.06% 1.74% 2.02% -5.25% -3.46% -0.84% -2.10% -1.38% 2.37% 1.40% 0.33% -5.09% 24.10%

Class I USD 1.50% 2012 1.30% 1.42% -3.10% 0.01% 1.42% -3.31% 3.46% -1.88% -0.90% -3.26% 0.48% 1.37% -3.21% 13.18%

Class I EUR 1.50% 2011 -0.24% 1.86% -2.37% 3.89% -2.68% -2.11% 2.41% -1.25% -1.28% -2.49% -0.16% 0.68% -3.91% -7.62%

2010 -2.09% 0.83% 2.21% 1.56% -3.83% -0.60% -0.77% 2.67% 1.68% 2.28% -2.37% 3.42% 4.80% 9.55%

STATISTICAL ANALYSIS (Since September 2004) UP MONTHS/DOWN MONTHS VS BENCHMARK






Max Monthly LossLargest Month Loss -5.6% -19.0% 0.0%


















Top Holdings Weight

Fund Domicile BlueTrend Fund Class A USD 19.7%

Luxembourg Winton Futures Fund 19.2%

Investment Manager Dynamic Offshore Fund Ltd 18.4%

Notz Stucki Europe SA Omnitrend Plus 17.0%

Administrator NS Selection - Capitrade CTA Class USD 16.1%


Auditor


Custodian Fund: Multi Strategy SICAV - Trend Class I USD



www.notzstucki.com





August 31, 2015

Trend is a sub-fund of the Multi Strategy SICAV, a company organised as a "société d'investissement à capital variable (SICAV)" and registered under

Part II of the Luxembourg law of December 17, 2010 on collective investment undertakings.

The investment objective of Trend is to achieve superior risk-adjusted returns with a low correlation to traditional asset classes.

Trend is a multimanager fund investing in a selection of hedge funds with a focus on systematic Commodity Trading Advisors (CTA) strategies. The

selected hedge funds managers may purchase and sell puts, calls and other option instruments to supplement their hedging and leveraging activities.

In addition, investment managers may invest in various commodities futures contracts and engage in foreign exchange arbitrage, as well as selling

short securities. Most of the selected funds will implement systematic trading strategies based on in-depth quantitative analysis.

Trend's target annual return is 6-10% with a target volatility of half that of its benchmark.

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Multi Strategy SICAV - Trend Class I USD MSCI World Index

-0.6%

1.2%

-3.5%

3.4%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

Multi Strategy SICAV - Trend Class I USD

MSCI World Index

71.9%

18.4%

9.7%

Trend Followers

Short Term Non-Trend

Cash

0% 20% 40% 60% 80%

15

NS Selection - Capitrade CTA Class EUR


Share Class NAV






Main Currency EUR

Fund Inception July 2012

AUM (EUR) 35,445,390



Subscription Daily

Redemption Daily

Notice Period 1 day


Investment Min

Class EUR 50,000

Class USD 50,000

Class CHF 50,000

1 2 3 4 5 6 7 8 9 10 11 12



2015 1.62% -0.53% 5.29% -7.58% -1.91% -10.80% 4.30% -3.42% -13.31% -3.91%

2014 0.10% 7.81% -5.26% 0.04% 4.91% 4.50% -2.21% 3.39% 8.61% 13.61% 4.85% -2.33% 43.25% 2.88%

Management Fee 2013 2.53% 1.28% 0.58% 2.94% -4.59% -2.60% 0.43% -3.60% 3.14% -3.90% 5.02% 1.32% 2.04% 24.01%

Class EUR 2.00% 2012 2.05% 1.62% -2.63% -4.29% 10.65% -5.13% 1.59% 1.14% 0.27% -8.54% -0.59% 2.94% -2.18% 13.29%

Class USD 2.00% 2011 -1.89% 5.21% -2.81% 2.73% -5.27% -1.42% 3.33% 2.38% 3.70% -3.16% -1.18% -1.42% -0.40% -6.85%

Class CHF 2.00% 2010 1.31% -1.02% 7.15% -2.73% -4.38% -6.31% -0.34% 3.83% 8.94% 4.40% -2.47% 7.28% 15.29% 9.72%

Data from February 2010 to June 2012 correspond to Capitrade Systematic Global Futures FIL, which then became NS Selection SICAV-SIF - Capitrade CTA

Data from May 2008 to January 2010 correspond to Managed Account audited by PricewaterhouseCoopers

STATISTICAL ANALYSIS (Since May 2008) UP MONTHS/DOWN MONTHS VS BENCHMARK




Class EUR 20.00% Arithmetic ReturnAverage Monthly Return 0.9% 0.3% 0.3%

Class USD 20.00% Max Monthly GainLargest Month Gain 15.6% 11.0% 5.6%

Class CHF 20.00% Max Monthly LossLargest Month Loss -10.8% -19.0% -4.4%








Class EUR LU0795245223 Ann. Downside deviation (vs 0%)Downside-Deviation 8.8% 13.3% 4.7% Annual Up Capture vs Benchmark 1Up Capture Ratio 38%

Class USD LU0795245579 Max DrawdownMaximum Drawdown -19.1% -50.2% -11.6% Annual Down Capture vs Benchmark 1Down Capture Ratio 8%

Class CHF LU0795245900 Length Max Drawdown (months)Months In Maximum Drawdown 3 9 29




Beta to Benchmark 1Beta -0.05 1.38

Correlation to Benchmark 1Correlation -0.05 0.65


Fund Domicile

Luxembourg

Investment Advisor

Investment Manager

Notz Stucki Europe SA

Administrator


Auditor


Custodian Fund: NS Selection - Capitrade CTA Class EUR

UBS (Luxembourg) SA Index 1: MSCI World Index Hedged in Euro

Website Index 2: Newedge CTA Index Hedged in Euro

www.notzstucki.com





August 31, 2015

Capitrade CTA is a Sub-fund of NS Selection SICAV-SIF, a company organised as a "société d'investissement à capital variable (SICAV)", registered

as a "fonds d'investissement specialisé" pursuant to the Luxembourg law of February 13, 2007 on specialised investment funds.

Capitrade CTA is a fund following a systematized trend-following strategy developed in-house by the CM Capital Markets Automated Systems team.

This strategy, based on automated quantitative research, invests in all asset types (Equities, Fixed Income, FX and Commodities) through derivatives

(mainly Futures).

Capitrade CTA's target return is 14-18%, with an annualized volatility of 15%.

CM Capital Markets Bolsa, Sociedad de

Valores SA

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NS Selection - Capitrade CTA Class EUR MSCI World Index Hedged in Euro Newedge CTA Index Hedged in Euro

-0.1%

1.7%

-4.0%

3.8%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

NS Selection - Capitrade CTA Class EUR

MSCI World Index Hedged in Euro

16

Multi Strategy SICAV - Pendulum Class I USD


Share Class NAV



Class I CHF NAV: 116.21

Class I GBP NAV: 111.88



Main Currency USD


AUM (USD) 229,741,206


Sub-strategy Relative Value


Redemption Monthly


Fund Level Gate 20%

Investment Min

Class I USD 5,000

Class I EUR 5,000

Class I CHF 5,000

Class I GBP 5,000

1 2 3 4 5 6 7 8 9 10 11 12



2015 0.91% 1.47% 1.22% -0.49% 1.01% -0.94% 1.12% -0.98% 3.33% -3.76%

2014 0.67% 1.82% -0.06% -0.88% 1.14% 0.89% -0.36% 0.57% 0.41% -2.02% 1.65% 0.30% 4.14% 2.93%

Management Fee 2013 1.83% 0.25% 0.94% 0.82% 1.72% -0.44% 0.77% -0.14% 1.13% 0.78% 0.79% 1.07% 9.93% 24.10%

Class I USD 1.50% 2012 1.50% 1.21% 0.83% 0.17% -0.50% -0.10% 0.87% 0.41% 0.60% 0.61% 1.20% 1.31% 8.40% 13.18%

Class I EUR 1.50% 2011 0.98% 0.78% -0.03% 0.27% -0.42% -0.91% -0.11% -2.38% -1.35% 1.03% -0.45% -0.43% -3.03% -7.62%

Class I CHF 1.50% 2010 0.69% 0.03% 1.42% 1.23% -1.43% -0.55% 0.75% 0.34% 0.99% 0.53% 0.36% 1.32% 5.79% 9.55%

Class I GBP 1.50%







Class I CHF None Max Monthly LossLargest Month Loss -10.5% -19.0% -5.9%

Class I GBP None % positive returns% Positive Months 74% 55% 70%







Class I USD LU0722502654 Ann. Downside deviation (vs 0%)Downside-Deviation 3.8% 11.6% 2.8% Annual Up Capture vs Benchmark 1Up Capture Ratio 24%

Class I EUR LU0722507372 Max DrawdownMaximum Drawdown -26.7% -55.4% -20.4% Annual Down Capture vs Benchmark 1Down Capture Ratio 7%

Class I CHF LU0722507612 Length Max Drawdown (months)Months In Maximum Drawdown 14 16 14

Class I GBP LU0722507885 Recovery Time Max Drawdown (months)Months To Recover 61 61 61







Top Holdings Weight

Fund Domicile Millennium International, Ltd 13.0%

Luxembourg Moore Macro Managers Fund 8.6%

Investment Manager Citadel Kensington Global Strategies Fund Ltd 7.2%

Notz Stucki Europe SA Visium Global Fund 6.1%

Administrator AllBlue Leveraged Feeder 6.0%


Auditor


Custodian Fund: Multi Strategy SICAV - Pendulum Class I USD


Website Index 2: HFRI FOF: Conservative Index

www.notzstucki.com





August 31, 2015

Pendulum is a sub-fund of the Multi Strategy SICAV, a company organised as a "société d'investissement à capital variable (SICAV)" and registered

under Part II of the Luxembourg law of December 17, 2010 on collective investment undertakings.

Pendulum is a low volatility multimanager fund investing in a selection of relative value and arbitrage managers. The investment objective of Pendulum

is to achieve superior risk-adjusted returns with a low correlation to traditional asset classes.

The selected fund managers use non-directional, market neutral and arbitrage strategies. This includes convertible, merger, fixed income and currency

arbitrage. Some managers will use leverage. The objectives of the underlying funds are in general to provide a consistent positive return with low

volatility and little correlation to the major fixed income and equity market indices.

Pendulum's target annual return is 4-7% with a target volatility of less than 4%.

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Multi Strategy SICAV - Pendulum Class I USD MSCI World Index HFRI FOF: Conservative Index

-0.2%

0.9%

-3.7%

3.3%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

Multi Strategy SICAV - Pendulum Class I USD

MSCI World Index

26.6%

15.7%

29.6%

16.1%

7.2%

4.8%

Multi-Strategy Arbitrage

Fixed Income / MacroRelative Value

Equity Arbitrage

Event-Driven

Credit Long Short /Convertible

Cash, T bills

0% 10% 20% 30% 40%

17

DGC - Low Volatility class A EUR


Share Class NAV






Main Currency EUR


AUM (EUR) 45,954,437


Sub-strategy Relative Value

Subscription Weekly

Redemption Weekly

Notice Period None


Investment Min

Class A EUR None

Class A USD None

Class A CHF None

1 2 3 4 5 6 7 8 9 10 11 12



2015 0.40% 0.43% 0.46% 0.52% 0.03% -0.96% 0.75% -0.62% 1.00% 0.56%

2014 0.33% 0.79% -0.99% -0.84% 0.06% -0.15% -0.18% 0.02% 0.57% -0.49% 0.98% 0.32% 0.40% 2.09%

Management Fee 2013 -0.50% 0.76% 0.15% 0.42% 0.83% 1.67% 0.60%

Class A EUR 0.75%

Class A USD 0.75%

Class A CHF 0.75%

STATISTICAL ANALYSIS (Since August 2013) UP MONTHS/DOWN MONTHS VS BENCHMARK




Class A EUR None Arithmetic ReturnAverage Monthly Return 0.1% 0.6% 0.1%

Class A USD None ReturnCumulative Return 3% 14% 3%

Class A CHF None




ISIN Assymetric return profile vs. Index 1

Class A EUR LU0947862230 Annual Up Capture vs Benchmark 1Up Capture Ratio 9%

Class A USD LU0947862586 Annual Down Capture vs Benchmark 1Down Capture Ratio 1%


Comparison To Benchmark Index 1 Index 2 STRATEGY BREAKDOWN (% Allocation)





Fund Domicile Top Holdings Weight

Luxembourg Merrill Lynch - Marshall Wace Tops UCITS Fund 9.9%

Management Company Exane Funds 1 - Exane Overdrive Fund 7.1%

Notz Stucki Europe SA Muzinich Funds - Long Short Credit Yield 6.1%

Investment Manager DB Platinum IV Systematic Alpha Fund 5.6%

Notz, Stucki & Cie S.A. Old Mutual Global Equity Absolute Return 5.5%

Administrator


Auditor


Custodian Fund: DGC - Low Volatility class A EUR



www.notzstucki.com





August 31, 2015

Low Volatility is a sub-fund of Diversified Growth Company (DGC), a company organized as a "société d'investissement à capital variable" (SICAV


Low Volatility invests mainly in UCITS funds that have a low correlation to the global equity market and global bond market in order to seek positive

absolute return performance in all market environments. The most typical strategies followed by the underlying funds will be: equity market neutral, low

beta equity long/short, credit market neutral, low beta fixed-income funds, CTAs, global macro, event-driven, and multistrategy.

Low Volatility's target return is Libor + 2.5% with a volatility lower than 5%.

-4%

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0%

2%

4%

6%

8%

-4%

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0%

2%

4%

6%

8%Ju

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13

Au

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01

3

Se

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3

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13

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3

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Feb

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14

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5

DGC - Low Volatility class A EUR Barclays Global AGG 1-5 TR Index Hedged EUR

0.0%

0.2%

-2.2%

2.1%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

DGC - Low Volatility class A EUR

MSCI AC World Local

0.0%

15.8%

42.0%

8.5%

11.8%

12.7%

4.9%

4.3%

Multi-Strategy

Equity Long Short

Equity Relative Value

Managed Futures

Global Macro

Fixed Income Long Only

Fixed Income RelativeValue

Cash

0% 20% 40% 60%

18

DGC - Convertible & Credit A USD


Share Class NAV





Class B CHF NAV: 110.25



Main Currency USD


AUM (USD) 122,741,021

Strategy Fixed Income

Sub-strategy

Subscription Weekly

Redemption Weekly



Investment Min

Class A USD None

Class A EUR None

Class A CHF None


Class B CHF 5,000,000

1 2 3 4 5 6 7 8 9 10 11 12



2015 1.00% 2.25% -0.10% 1.61% 0.55% -2.51% 0.42% -1.87% 1.26% 0.36%

2014 -0.90% 2.00% -0.37% 0.29% 1.45% 0.40% -0.43% 2.06% -2.67% 0.10% 1.76% 0.04% 3.68% 7.80%

Management Fee 2013 1.00% -0.11% 0.24% 1.39% 1.21% -1.58% 1.97% -0.92% 2.40% 1.73% 0.57% 0.21% 8.32% -0.30%

Class A USD 1.75% 2012 2.33% 2.37% 0.70% -0.56% -1.97% 1.23% 1.54% 1.46% 1.57% 0.94% 0.91% 1.31% 12.41% 5.71%

Class A EUR 1.75% 2011 1.38% 1.66% 0.86% 0.33% -0.58% -1.18% -0.81% -4.18% -3.13% 3.11% -2.63% -0.10% -5.38% 5.90%

Class A CHF 1.75% 2010 0.55% 0.15% 1.79% 1.12% -2.86% -0.39% 2.85% 1.00% 1.64% 1.68% -0.50% 2.00% 9.28% 4.87%

Class B EUR 1.00%

Class B CHF 1.00%

STATISTICAL ANALYSIS (Since August 2009) UP MONTHS/DOWN MONTHS VS BENCHMARK




Class A USD 10.00% Arithmetic ReturnAverage Monthly Return 0.5% 0.4% 0.5%

Class A EUR 10.00% Max Monthly GainLargest Month Gain 3.1% 2.0% 5.4%

Class A CHF 10.00% Max Monthly LossLargest Month Loss -4.2% -1.5% -6.0%

Class B EUR 10.00% % positive returns% Positive Months 70% 67% 58%

Class B CHF 10.00% ReturnCumulative Return 42% 29% 40%







Class A EUR LU0903161841 Max DrawdownMaximum Drawdown -9.5% -2.9% -12.0% Annual Down Capture vs Benchmark 1Down Capture Ratio -62%

Class A CHF LU0903162062 Length Max Drawdown (months)Months In Maximum Drawdown 5 2 5

Class B EUR LU0903162575 Recovery Time Max Drawdown (months)Months To Recover 13 7 15

Class B CHF LU0903162732






Fund Domicile

Luxembourg

Management Company

Notz Stucki Europe SA

Investment Manager

CQS (UK) LLP

Administrator


Auditor


Custodian Fund: DGC - Convertible & Credit A USD

UBS (Luxembourg) S.A. Index 1: ML GBMI

Website Index 2: UBS Convertible Focus Bond Index

www.notzstucki.com





August 31, 2015

Convertible & Credit is a sub-fund of Diversified Growth Company (DGC), a company organized as a "société d'investissement à capital variable"

(SICAV UCITS IV), registered under Part I of the Luxembourg law of December 17, 2010 on collective investment undertakings.

Convertible & Credit is a long only fund investing in convertible bonds and corporate credit securities.

The investment objective of the sub-fund is to achieve superior risk-adjusted returns with a low correlation to the fixed income asset class. Convertible

securities include convertible bonds, convertible notes, convertible preference shares, exchangeable bonds, warrants and any other suitable

convertible or exchangeable instruments. Equity and equity-linked securities, index and participation notes and equity linked notes may be held on an

ancillary basis. Corporate credit securities include corporate bonds and other corporate debt securities and non-convertible preferred stock.

Convertible & Credit's target annual return is 6-8% with a target volatility of less than 5%.

Credit/High

Yield/Convertible

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0%

20%

40%

60%

80%

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0%

20%

40%

60%

80%

Ju

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09

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Ja

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Ap

r-20

10

Ju

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10

Oct-

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10

Ja

n-2

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1

Ap

r-20

11

Ju

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11

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11

Ja

n-2

01

2

Ap

r-20

12

Ju

l-20

12

Oct-

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12

Ja

n-2

01

3

Ap

r-20

13

Ju

l-20

13

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13

Ja

n-2

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Ap

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14

Ju

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14

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14

Ja

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5

Ap

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15

Ju

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DGC - Convertible & Credit A USD ML GBMI UBS Convertible Focus Bond Index

0.3%0.6%

-0.5%

0.8%

-2.0%

0.0%

2.0%

DGC - Convertible & Credit A USD ML GBMI

19

DGC - Bond Euro class B EUR


Share Class NAV




Main Currency EUR


AUM (EUR) 41,853,022


Sub-strategy Global Bonds

Subscription Weekly

Redemption Weekly

Notice Period 1 day


Investment Min

Class EUR None

1 2 3 4 5 6 7 8 9 10 11 12



2015 0.92% 0.43% 0.37% -0.21% -0.01% -0.79% 0.57% -0.43% 0.84% 0.56%

2014 0.06% 0.68% 0.29% 0.43% 0.41% 0.32% -0.10% 0.49% -0.09% 0.55% 0.17% -0.08% 3.18% 2.09%

Management Fee 2013 -0.22% 0.45% 0.29% 1.18% 0.05% -0.87% 0.73% -0.03% 0.37% 0.75% 0.25% 0.18% 3.14% 0.82%

Class EUR 0.75% 2012 2.50% 2.74% 1.19% -0.72% -0.48% -0.13% 1.79% 0.97% 1.10% 1.15% 0.91% 0.57% 12.16% 3.31%

2011 0.84% 0.08% 0.60% -0.07% 0.77% -0.73% 0.23% -2.78% -3.88% 0.77% -2.71% 2.03% -4.92% 2.86%

2010 0.97% 0.42% 0.91% 0.46% -1.20% 0.53% 0.57% 0.82% 0.23% 0.33% -0.62% -0.30% 3.14% 2.81%

STATISTICAL ANALYSIS (Since August 1998) COUNTRY BREAKDOWN (% Allocation)













ISIN R² vs Benchmark 1R-squared 0.24 0.00


Bond Portfolio Fund Annual Down Capture vs Benchmark 1

YTM 2.21%

Duration 2.13

Rating Breakdown Fund SECTOR BREAKDOWN (% Allocation)

AAA 0.0%

AA 8.3%

A 17.3%

BBB 49.7%

BB 6.4%

NR 18.4%

Fund Domicile


Management Company STANLN 7 3/4 04/03/18 4.9%

Notz Stucki Europe SA RABOBK 8.4 11/29/49 4.7%

Investment Manager UBS 5 1/8 05/15/24 4.3%

Notz, Stucki & Cie S.A. DPB 4.668 06/30/16 4.0%

Administrator SLHNVX 5.849 04/29/49 3.9%


Auditor


Custodian Fund: DGC - Bond Euro class B EUR

UBS (Luxembourg) S.A. Index 1*: Barclays Global AGG 1-5 TR Index Hedged EUR


www.notzstucki.com *From August 1998 to January 2007 ML GVMI hedged in EUR has been used as proxy for Barclays Global AGG 1 -5 TR Index Hedged EUR





August 31, 2015

Bond Euro is a sub-fund of Diversified Growth Company (DGC), a company organized as a "société d'investissement à capital variable" (SICAV UCITS

IV), registered under Part I of the Luxembourg law of December 17, 2010 on collective investment undertakings.

Bond Euro is a fixed income fund investing in a diversified selection of investment grade corporate and government bonds.

The sub-fund will seize opportunities across different fixed income markets like corporate, financial, convertibles, FRNs and Government in order to

achieve a higher performance than the Euro Money Market.

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40%

60%

80%

100%

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0%

20%

40%

60%

80%

100%

Ju

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Ja

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9

Ju

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Ju

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Ja

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Ju

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3

Ju

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Ja

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4

Ju

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Ja

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00

5

Ju

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05

Ja

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00

6

Ju

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06

Ja

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00

7

Ju

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07

Ja

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00

8

Ju

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08

Ja

n-2

00

9

Ju

l-20

09

Ja

n-2

01

0

Ju

l-20

10

Ja

n-2

01

1

Ju

l-20

11

Ja

n-2

01

2

Ju

l-20

12

Ja

n-2

01

3

Ju

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13

Ja

n-2

01

4

Ju

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14

Ja

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01

5

Ju

l-20

15

DGC - Bond Euro class B EUR Barclays Global AGG 1-5 TR Index Hedged EUR

71.1%

9.1%

6.8%

3.7%

3.4%

2.5%

1.8%

0.8%

0.8%

Financial

Communications

Basic Materials


Government

Utilities

Technology

Energy

Consumer, Cyclical

0% 50% 100%

20.9%

14.6%

11.4%

10.8%

9.9%

9.0%

8.7%

8.3%

3.1%

2.5%

0.8%

US

Switzerland

Germany

UK

Italy

France

Netherlands

Emerging

Spain

Israel

Denmark

0% 10% 20% 30%

20

Citadel Selection Inc.


Share Class NAV



Main Share Class Class CHF

Main Currency CHF

Fund Inception February 1988

AUM (CHF) 48,503,436



Subscription Weekly

Redemption Weekly

Notice Period 1 day


Investment Min

Class CHF 10,000

1 2 3 4 5 6 7 8 9 10 11 12



2015 -0.13% 0.53% 0.16% 0.30% 0.00% -0.53% 0.33% -0.59% 0.06% 0.02%

2014 0.52% 0.48% 0.44% 0.29% 0.62% 0.25% 0.02% 0.29% -0.14% 0.21% 0.21% -0.28% 2.95% 1.96%

Management Fee 2013 0.45% 0.18% 0.47% 0.89% 0.02% -1.34% 0.76% 0.16% 0.29% 0.72% 0.21% 0.14% 2.98% 0.73%

Class CHF 0.75% 2012 3.74% 1.65% 1.78% -0.26% -0.03% 0.56% 0.94% 1.03% 0.55% 0.72% 0.73% 0.62% 12.64% 3.09%

2011 -0.05% 0.10% 0.19% 0.61% 0.79% 0.13% -0.16% -1.49% -2.67% 1.67% -3.64% 2.27% -2.40% 1.76%

2010 0.77% 0.70% 0.16% 0.77% -0.38% -0.26% 0.64% 0.54% 0.23% 0.18% -0.35% -0.38% 2.64% 2.38%

STATISTICAL ANALYSIS (Since January 1997) COUNTRY BREAKDOWN (% Allocation)




Class CHF None Arithmetic ReturnAverage Monthly Return 0.2% 0.2% 0.1%




Annual Sharpe Ratio (Rf)Sharpe Ratio (1%) 0.61 0.75 -0.03






Class CHF PAP2867R1013 Annual Up Capture vs Benchmark 1

Bond Portfolio Fund Annual Down Capture vs Benchmark 1

YTM 2.47%

Duration 1.63


AAA 0.0%

AA 5.9%

A 19.0%

BBB 26.1%

BB 19.2%

B 7.3%

NR 22.6%


Republic of Panama SOCGEN 9 3/8 09/29/49 6.4%

Investment Manager CMZB 5.321 06/30/16 6.4%

Notz Stucki & Cie SA UBS 7 1/4 02/22/22 5.5%

Administrator RABOBK 8.4 11/29/49 5.5%

CF Fund Services, Lux. CS 7 7/8 02/24/41 5.3%

Auditor

PricewaterhouseCoopers, Lux. Fund: Citadel Selection Inc.

Custodian Index 1*: Barclays Global AGG 1-5 TR Index Hedged CHF

UBS (Luxembourg) SA Index 2: Libor CHF 1 month

Website *From January 1997 to January 2007 ML GVMI hedged in CHF has been used as proxy for Barclays Global AGG 1 -5 TR Index Hedged CHF

www.notzstucki.com Performance data after March 2011 excludes dividends. The list of dividends paid can be found on www.notzstucki.com





August 31, 2015

Citadel Selection Inc. is an open-ended fixed-income investment company investment company investing in a selection of investment grade corporate

and government bonds. It invest its assets primarily in high quality interest bearing securities, paying particular attention to their maturity, with the aim of

earning a higher return than available on the Swiss Franc money market. In addition, it may buy zero coupon or deep discount bonds with particular

attractions. The investment company will hedge most of its non-CHF denominated assets back into CHF, and can use derivatives to manage the

duration of the portfolio.

Its investment objective is to achieve a higher performance than the Swiss franc money market.

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0%

10%

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60%

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0%

10%

20%

30%

40%

50%

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3

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5

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6

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7

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9

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9

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De

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0

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2

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5

Citadel Selection Inc. Barclays Global AGG 1-5 TR Index Hedged CHF

79.4%

8.2%

3.5%

2.8%

2.4%

1.8%

1.7%

0.2%

Financial


Utilities

Industrial

Basic Materials

Communications

Consumer, Cyclical

Energy

0% 50% 100%

30.8%

14.1%

14.0%

9.2%

8.4%

7.2%

6.9%

4.1%

2.3%

1.5%

1.2%

0.3%

Switzerland

Germany

UK

US

Netherlands

France

Emerging

Mexico

Japan

Spain

Israel

Italy

0% 20% 40%

21

NSP Fit Inc. Class A shares - USD Class


Share Class NAV



Class C CHF NAV: 11.27



Main Currency USD

Fund Inception July 1978

AUM (USD) 38,277,532



Subscription Weekly

Redemption Weekly

Notice Period 4 b. days


Investment Min

Class A USD 10,000

Class B EUR 10,000

Class C CHF 10,000

1 2 3 4 5 6 7 8 9 10 11 12



2015 0.42% 0.28% 0.41% 0.48% -0.10% -0.07% 0.07% -0.41% 1.08% 0.81%

2014 0.46% 0.32% 0.18% 0.49% 0.38% 0.10% 0.00% 0.24% -0.24% 0.21% 0.17% -0.59% 1.74% 2.15%

Management Fee 2013 0.62% 0.04% 0.36% 0.47% 0.25% -1.29% 1.16% -0.11% 0.68% 0.82% 0.14% 0.04% 3.22% 1.00%

Class A USD 0.60% 2012 2.17% 2.24% 0.86% -0.50% -0.31% 0.63% 1.13% 1.15% 1.29% 1.05% 0.59% 0.96% 11.82% 3.57%

Class B EUR 0.60% 2011 0.89% 0.15% 0.92% 0.99% 0.23% -1.05% 0.08% -3.90% -4.10% 1.97% -2.01% 0.58% -5.34% 2.34%

Class C CHF 0.60% 2010 0.04% 0.04% -0.04% 0.36% -0.20% 0.51% 2.27% 0.80% 0.87% 0.34% -1.47% -1.49% 1.99% 2.77%

STATISTICAL ANALYSIS (Since January 1997) COUNTRY BREAKDOWN (% Allocation)


Return Last 1 monthLast Month -0.4% 0.0% 0.0%



Class B EUR None ReturnCumulative Return 111% 105% 63%

Class C CHF None









Class A USD PAP1908M1052 Annual Up Capture vs Benchmark 1

Class B EUR None Bond Portfolio Fund Annual Down Capture vs Benchmark 1

Class C CHF None YTM 2.42%

Duration 1.58


AAA 0.0%

AA 10.9%

A 19.9%

BBB 22.8%

BB 14.5%

B 8.0%

NR 23.8%


Republic of Panama CMZB 5.321 06/30/16 6.8%

Investment Manager RABOBK 8.4 11/29/49 4.3%

Notz Stucki & Cie SA C 0 05/15/18 3.8%

Administrator WFC 0 03/29/49 3.7%

CF Fund Services, Lux. DEPFA 4 7/8 10/28/15 3.5%

Auditor


Custodian Fund: NSP Fit Inc. Class A shares - USD Class

UBS (Luxembourg) SA Index 1*: Barclays Global AGG 1-5 TR Index Hedged USD


www.notzstucki.com *From January 1997 to January 2007 ML GVMI hedged in EUR has been used as proxy for Barclays Global AGG 1 -5 TR Index Hedged EUR





August 31, 2015

NSP Fit Inc. is an open-ended fixed-income investment company investing in an international balanced portfolio of bonds, money market instruments

and deposits predominantly denominated in US Dollars. Derivatives may be held in order to manage the duration of the portfolio.

Cash can be raised aggressively depending on market conditions, and most non-USD denominated assets will be hedged back into USD.

NSP Fit Inc. is actively managed in order to seize opportunities in the different categories of fixed income instruments.

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20%

40%

60%

80%

100%

120%

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0%

20%

40%

60%

80%

100%

120%

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NSP Fit Inc. Class A shares - USD Class Barclays Global AGG 1-5 TR Index Hedged USD

67.0%

5.4%

5.0%

4.4%

4.2%

3.8%

3.5%

3.2%

2.4%

1.1%

Financial

Consumer, Cyclical

Communications

Utilities

Government


Covered

Basic Materials

Industrials

Technology

0% 50% 100%

30.3%

15.5%

10.9%

7.6%

7.3%

6.4%

5.7%

4.0%

3.4%

3.3%

2.3%

2.0%

1.3%

US

Germany

Switzerland

France

UK

Netherlands

Mexico

Spain

Emerging

Japan

Israel

Australia

Portugal

0% 20% 40%

22

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