EVERYTHIN AT A LANCE...LU0187731129 CS EF (Lux) USA Value B USD 5 9 LU0053671581 JPMF US Small Cap...

EVERYTHING AT A GLANCEOUR FUND REPORT

Fund-based life insurance

PensionInvestment

PENSION AND INVESTMENT

Edition November 2017

Turning capital into wealth The first choice for your assets The funds of ERSTE-SPARINVEST have been synonymous with quality and continuity for more than 50 years. ERSTE-SPARINVEST is your first choice when it comes to investment and the building of wealth. With about EUR 31bn of assets under management, ERSTE-SPARINVEST is the market leader in mutual funds in Austria. By investing in our investment funds, you acquire shares in a professionally managed securities portfolio. In doing so, you have numerous options at your disposal, depending on your investment goal, willingness to take risk, and investment horizon: bond and equity funds, mixed funds, property etc. The crucial issue is to find a balanced mix of securities across various investment instruments, markets, and sectors. Your goal should be to construct a portfolio that achieves a maximum return at a minimum degree of risk. Part of a banking group with strong financial clout ERSTE-SPARINVEST is backed by the financial power of Erste Group AG

and the Austrian savings bank group (Sparkassengruppe) – one of the biggest financial service providers with more than 15 million clients. The bank is headquartered in Austria and is therefore subject to a regulatory body with high standards, i.e. the Financial Market Authority Austria. The tight network of statutory regulations serves to protect the investors who have invested in our funds. The basis of your wealth If you invest properly, you think about the safety of your capital. At the same time, you want to know when and how you have said capital at your disposal. And of course, of particular importance, you want to know the “bottom line” – i.e. the return that you can expect. The investment strategy of ERSTE-SPARINVEST and its funds yields high rates of return. These funds are subject to ongoing evaluation from international rating agencies, and they have repeatedly achieved top rankings. Erste Asset Management, in charge of all asset management activities within Erste Group, received the Feri EuroRating Award in 2015.

Your contact: Evelyne Janek-Zenker Tel.: +43 (0)50100 -19876 [email protected]

Erste Asset Management GmbH, A-1100 Wien, Am Belvedere 1, Handelsgericht Wien, Firmenbuchnummer: FN 102018b, www.erste-am.com; Media contact: Communications&PR, Tel: +43 (0) 50100 19982, E-Mail: [email protected]

Managing Director: Markus Kaller Tel.: +43 (0)50100 – 84239 markus.kaller@sparinvest,com

3

RISC CLASSES

Fund-based life insurance

INVESTMENT-ABCInvestment-ABCs are on page 167.

Risk category Investment type For example, predominantly investment in securities

Recommended minimum retention

period of fund

Earnings opportunities/

risk of loss

1 safety weighted Savings, fixed deposits, Europeanmoney market funds 1 to 3 years very low

2 conservative Euro/European bond funds 3 to 5 years low

3 traditional Foreign currency bond funds,Bond-focused mixed funds over 5 years average

4 dynamic Equity-focused mixed funds, blue chip equity funds, emerging markets bonds funds over 7 years high

5 progressive Equities, alternative investements,Emerging markets over 10 years very high

You will receive written notification of any change of above metioned risk-classification regarding the funds in this fund report. The Synthetic Risk and Reward Indicator (KIID SRRI) is also shown on the individual fact sheets in accordance with BGBl. (German Federal Law Gazette) 265/2011. This indicator il-lustrates the fluctuations of the fund-share price in categories 1 (potential lower returns at lower risks) to 7 (potential higher returns at higher risks) based on past developments. The indicator illustrates the volatility of the fund. The categorisation of a fund has no bearing on future developments and can alter during time. A categorisation in category 1 does not mean that the investment is risk-free.

4

FONDSAUSWAHL

Fondsgebundene Lebensversicherung

This brochure does not offer investment advice or investment recommendations. In particular it does not represent an offer or an invitation to purchase or sell investment fund units. It is intended for initial information purposes only and is no substitute for advice based on knowledge of the individual circumstances of the investor. Any capital investment is associated with a risk. The value and returns of an investment may suddenly increase or fall to a considerable extent and cannot be guaranteed. Fluctuations in exchange rates can also affect the perfor-mance of the investment. There is a possibility that the investor may not get back the entire invested amount, especially when the capital investment is only short-term. We point out that the stated figures are retrospective and that past performance is not necessarily a reliable indicator for future results. The presentation of changes in net assets (excluding expenses and redemption fees) takes past dividend payments into account.

ISIN Fund name Currency Riscclass Page

Aktienfonds AmerikaLU0053666078 JPMF America Equity Fund USD 5 8LU0187731129 CS EF (Lux) USA Value B USD 5 9LU0053671581 JPMF US Small Cap Growth Fund USD 5 10LU0163125924 Candriam Quant Equities USA USD 5 11AT0000703467 ESPA Best of America EUR 5 12LU0154236417 BlackRock GF-US Equity Fund USD 5 14

Aktienfonds AsienAT0000721436 All Asia EUR 5 15LU0229940001 Templeton Asian Growth Fund EUR 5 16LU0261947096 Fidelity Funds Asia Focus Fund A-Acc-USD USD 5 17

Aktienfonds BRICLU0229946628 Templeton BRIC Fund EUR 5 18LU0048580855 Fidelity Funds Greater China A Dis USD USD 5 19

Aktienfonds Emerging MarketsLU0047713382 BlackRock GF-Emerging Markets Fund USD 4 20LU0073229840 MS Emerging Markets Equity USD 5 21LU0040507039 Vontobel Fund Emerging Markets Equity USD 5 22FR0000292278 Magellan C EUR 5 23

Aktienfonds EuropaLU0048578792 Fidelity Funds European Growth Fund EUR 5 24LU0028118809 Invesco Pan European Equity Fund EUR 5 25LU0053687074 JPMF Europe Small Cap Fund EUR 5 26LU0154234636 Black Rock GF - European Special Situations Fund EUR 4 27AT0000721444 All Europe EUR 4 28AT0000822762 Pioneer Funds Austria – Select Europe Stock EUR 5 29LU0238202427 Fidelity Funds European Fund EUR 5 30AT0000703343 ESPA Best of Europe EUR 5 31LU0308864023 MAIN FIRST Top European Ideas EUR 5 33

Aktienfonds GlobalLU0048584097 Fidelity Funds International Fund USD 5 34AT0000720081 Success relative EUR 4 35AT0000820378 Schoellerbank Aktienfonds EUR 5 36AT0000A1KTPS Schoellerbank Aktienfonds Dividende EUR 5 37AT0000647573 WSTV ESPA progressiv EUR 5 38AT0000675806 Wiener Privatbank Premium Dynamisch EUR 5 40AT0000801170 All World EUR 4 41AT0000612692 Schoellerbank Aktienfonds währungsgesichert EUR 4 42AT0000746581 All Trends EUR 4 43LU0114760746 Templeton Growth (Euro) Fund EUR 4 44LU0069449576 Fidelity Funds World Fund EUR 5 45DE0008474024 DWS Akkumula EUR 5 46AT0000707682 ESPA Best of World EUR 5 47AT0000499785 FTC Gideon I T Aktien Global EUR 5 49AT0000732987 Ecofin Index Aktien Global T EUR EUR 5 50DE0009848119 DWS Top Dividende LD EUR 5 51

5

FONDSAUSWAHL




Aktienfonds ImmobilienLU0237697510 Fidelity Funds Global Property Fund EUR 5 52

Aktienfonds IndienLU0231205187 Franklin India Fund EUR 5 53

Aktienfonds JapanLU0048585144 Fidelity Funds Japan JPY 5 54LU0048587603 Fidelity Funds Japan Small. Comp. JPY 5 55LU0006061252 BlackRock GF-Japan SMC Opport. USD 5 56LU0607515367 Invesco Japanese Value Equity Fund A JPY 5 57LU0607522496 Invesco Nippon Small/Mid Cap USD USD 5 58IE0000939706 Invesco Japanese Value Equity Fund USD 5 59

Aktienfonds LateinamerikaLU0050427557 Fidelity Funds LatinAmerica Fund USD 5 60

Aktienfonds ÖsterreichAT0000497292 Ringturm Österreich Aktienfonds EUR 5 61AT0000659644 Ringturm Zukunftsvorsorge Aktienfonds EUR 5 63

Aktienfonds OsteuropaAT0000615307 Ringturm Osteuropa Aktienfonds EUR 5 65

Aktienfonds Pazifischer RaumLU0049112450 Fidelity Funds Pacific Fund USD 5 67

Aktienfonds Themen & BranchenAT0000858956 Ringturm VIF EUR 5 68AT0000721501 Schoellerbank Global Health Care EUR 4 70LU0172157280 BlackRock GF-World Mining EUR 5 71LU0245286777 BNP Paribas Islamic Fund Equity Optimiser C USD 5 72LU0171301533 BlackRock Global Funds World Energy Fund A2 EUR EUR 5 73LU0171305526 BlackRock Global Funds World Gold Fund A2 EUR EUR 5 74LU0114721508 Fidelity Funds Global Consumer Industries A Dis EUR EUR 5 75LU0104884860 Pictet Water P EUR EUR 5 76LU0386882277 Pictet Global Megatrend Selection P EUR EUR 5 77

Anleihenfonds Emerging MarketsIE0001673817 Invesco Emerging Markets Bond USD 4 78LU0073230004 MS Emerging MarketsDebt USD 4 79

Anleihenfonds Gemischt (Staat, Credit, EM)AT0000820394 Schoellerbank Anleihefonds EUR 2 80AT0000820386 Schoellerbank Euro Altern. EUR 4 81AT0000497417 Schoellerbank Zinsstruktur Plus T EUR 3 82AT0000497409 Schoellerbank Zinsstruktur Plus A EUR 3 83AT0000672258 Schoellerbank Realzins Plus A EUR 3 84AT0000913926 Schoellerbank Anleihenfonds A EUR 2 85AT0000660600 ESPA Select Bond EUR 3 86AT0000672266 Schoellerbank Realzins Plus T EUR 3 88

6

FONDSAUSWAHL




Anleihenfonds OsteuropaAT0000812946 ESPA Bond Danubia EUR 3 89

Anleihenfonds StaatsanleihenAT0000858964 Ringturm Vorsorge Rentenfonds EUR 2 91LU0048579097 Fidelity Funds EuroBond Fund EUR 2 93AT0000630686 SchoellerbankNettoRent EUR 2 94AT0000A001M5 ESPA Bond Duration Shield T EUR 2 95AT0000685235 SemperBond EUR 2 97

Anleihenfonds USDLU0035745552 Vontobel USD Bond Fund USD 3 98AT0000820436 Schoellerbank USD Rentenfonds USD 3 99

Geldmarkt (Plus) EURAT0000820469 Schoellerbank Kurzinvest EUR 1 100AT0000617782 Ringturm Reserve Euro Plus EUR 1 101DE000A0NGJV5 terrAssisi Renten EUR 2 103

Gemischter Fonds Absolute ReturnAT0000A0UGN8 Ringturm Panorama Fonds EUR 3 104AT0000766373 Ringturm Active Global Trend EUR 3 106AT0000720065 Success absolute EUR 4 108AT0000654645 TradeComFondsTrader EUR 5 109AT0000707401 VPI World InvestTM EUR 4 110DE000A0F5G98 C-Quadrat ARTS Total Return Global – AMI EUR 3 111AT0000825393 C-Quadrat ARTS Best Momentum EUR 4 112AT0000618137 C-Quadrat ARTS Total Return Special EUR 3 113AT0000A026V3 VPI World Select EUR 5 114AT0000634704 C-Quadrat ARTS Total Return Balanced EUR 3 115AT0000AOXH66 C-Quadrat ARTS Total Return Balanced CHF T CHF 3 116FR0010135103 CarmignacPatrimoine EUR 5 117LU0080749848 Fidelity Funds - Fidelity Patrimoine A Euro EUR 3 118LU0146463616 Smart-Invest – Helios AR B EUR 4 119AT0000A09R60 ESPA Portfolio Balanced 30 EUR 3 120AT0000724208 ESPA Portfolio Balanced 50 EUR 4 122LU0279509144 Ethna-Defensiv EUR 3 124LU0455735596 Ethna-Dynamisch EUR 4 125LU0431139764 Ethna-Aktiv EUR 5 126LU0337411200 BantleonOpport. S Mischfonds Europa EUR 3 127LU0337414303 BantleonOpport. L Mischfonds Europa EUR 4 128DE000A0YJMN7 C-Quadrat ARTS Total Return Flexible EUR 5 129AT0000729298 C-Quadrat APM Absolute Return T EUR 4 130DE0005561674 Veri ETF Dachfonds P EUR 5 131LU0294221097 Templeton Global Total Return EUR 4 132AT0000615836 ARIQON KONSERVATIV EUR 3 133AT0000A0PS71 ARIQON Alternative Strategies EUR 5 134AT0000A02PE1 C-QUADRAT ARTS Total Return Vorsorge § 14 EStG EUR 4 135LU0952573482 Flossbach von Storch - Multiple Opportunities II R EUR 5 136LU0227384020 Nordea 1 Stable Return Fund BP EUR Acc EUR 4 137

7

FONDSAUSWAHL




Gemischter Fonds GlobalLU0056886558 Fidelity Funds SMART Global Moderate Fund A-EUR EUR 4 138LU0080751232 Fidelity Funds SMART Global Moderate Fund A-USD USD 5 139LU1431864153 Fidelity Funds SMART SMART Global Defensive Fund A-EUR EUR 5 140AT0000820402 Schoellerbank Vorsorgefonds EUR 2 141AT0000675228 Fair Invest Balanced EUR 3 142AT0000647599 WSTV ESPA traditionell EUR 3 143AT0000639364 WSTV ESPA dynamisch EUR 4 145AT0000675798 Wiener Privatbank Premium Ausgewogen EUR 5 147AT0000904909 SUPERIOR 3 – Ethik EUR 4 148AT0000495064 E+S Erfolgs Invest EUR 4 149AT0000820550 Schoellerbank Global Pension EUR 4 150DE0005561666 Veri ETF-Allocation Defensive EUR 3 151LU0608807789 Templeton Emerging Markets Balanced EUR 5 152LU0776414087 Schroder International Global Multi-Asset Balanced EUR 3 153LU0362483272 Swiss Life Index Funds EUR 3 154AT0000A0J7U8 Constantia Multi Invest 5 EUR 5 155LU0212925753 BlackRock GF-Global Allocation Fund Hedged A2 EUR EUR 4 156LU0095938881 JPMF Global Macro Opport. Fund EUR 4 157AT0000820477 Schoellerbank Ethik Vorsorge EUR 4 158AT0000A0XNA5 Weltstrategie Plus EUR 4 159LU0362483603 Swiss Life Index Funds (LUX) Balance (EUR) R Acc EUR 4 160

Garantiefonds GlobalAT0000A03K55 C-Quadrat Arts Total Return Garant EUR 4 161

Offener ImmobilienfondsAT0000A08SG7 Erste Immobilienfonds EUR 3 162AT0000615158 SemperReal Estate T EUR 3 163

8

Report as of 2 Nov 2017

JPMorgan Funds - America Equity Fund A (dist) - USD

Morningstar Rating™

QQQ

Investment Objective To provide long-term capital growth by investingprimarily in US Companies. At least 67% of the Sub-Fund's total assets (excluding cash and cashequivalents) will be invested in equity and equity linkedsecurities of companies that are incorporated under thelaws of, and have their registered office in, the US, orthat derive the predominant part of their economicactivity from the US, even if listed elsewhere.

10.0

12.5

15.0

17.5

20.0

22.5

25.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

13,34 33,77 22,67 14,48 10,15 2,14 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.

Trailing Returns (1 Nov 2017) Return %

YTD1 Year3 Years Annualised5 Years AnnualisedSince Inception Annualised

7,0916,1012,2416,2910,45

Trailing Returns cum. (1 Nov 2017) Return %

3 Years 41,395 Years 112,6310 Years 128,14Since Inception 1.683,80

Risk Measures

3-Yr Alpha -2,423-Yr Beta 1,10Tracking Error 6,22

3-Yr Sharpe Ratio 0,823-Yr Std Dev 14,66KIID SRRI 5

Calculations use Russell 1000 TR USD (where applicable)

Portfolio 30 Sep 2017

Asset Allocation % Port.

Stocks 96,33Bonds 0,14Cash 3,53Other 0,00

Morningstar Equity Style Box™ % Equity

StyleValue Blend Growth

Small

Mid

LargeSize Giant 26,03

Large 43,40Medium 26,32Small 4,24Micro 0,00 Avg Mkt Cap 46431 USD

Americas Greater Europe Greater Asia

<25 25-50 50-75 >75

Top 10 Holdings Sector % Port.

Alphabet Inc C a 5,63Apple Inc a 4,12JPM US Dollar Liquidity X... - 3,80Amazon.com Inc t 3,76UnitedHealth Group Inc d 3,74 T. Rowe Price Group Inc y 3,73Facebook Inc A a 3,67American International Group Inc y 3,54Capital One Financial Corp y 3,33Mastercard Inc A y 3,11 Total Stock Holdings 38Total Bond Holdings 0Assets in Top 10 Holdings % 38,42

Sector Weightings % Equity

h Cyclical 49,32

r Basic Materials 1,61t Consumer Cyclical 17,37y Financial Services 27,69u Real Estate 2,65 j Sensitive 36,79

i Communication Services 3,10o Energy 7,33p Industrials 6,91a Technology 19,46 k Defensive 13,88

s Consumer Defensive 2,59d Healthcare 9,33f Utilities 1,96

World Regions % Equity

Americas 100,00

United States 100,00Canada 0,00Latin America 0,00

Greater Europe 0,00

United Kingdom 0,00Eurozone 0,00Europe - ex Euro 0,00Europe - Emerging 0,00Middle East / Africa 0,00

Greater Asia 0,00

Japan 0,00Australasia 0,00Asia - Developed 0,00Asia - Emerging 0,00

Operations

Fund Company JPMorgan Asset

Management...Phone +352 34 101Website http://

www.jpmorganass...Inception Date 16 Nov 1988Fund Manager Timothy PartonManager Start Date 17 Feb 2017NAV (1 Nov 2017) 178,54 USD

Fund Size (mil) 1560,94 USDShare Class Size (mil) 462,72 USDDomicile LuxembourgCurrency USDUCITS YesInc/Acc IncISIN LU0053666078

Annual Management Fee 1,50%Actual Front Load 5,00%Ongoing Charge (01 Jan 2017) 1,71%Fiscal Year End Month 30/ Jun

The information in this publication is not an investment recommendation and is not intended as investment advice. In particular, it is not an offer or invitation to buy or sell investment fund shares. It is intended solely as introductory information and is not asubstitute for advice provided on the basis of the investor’s individual circumstances and needs. Every capital investment involves a certain degree of risk. The value of the investment and the earnings generated by the investment can change suddenly andconsiderably and therefore cannot be guaranteed. Currency fluctuations can also influence the performance of the investment. The investor may fail to recover the full invested amount, especially when the capital is only invested for a short period. Pleasenote that the provided figures refer to past performance and are not a reliable indicator of future performance. The performance cited here is the performance of the net assets (issue and return fees are not included) taking historical disbursements intoaccount. The prospectus published in “Amtsblatt zur Wiener Zeitung” (and all amendments thereof), the “Informations for Investors according to § 21 AIFMG” as well as the key investor document (KID) in their valid versions are available free of charge atthe offices of the Management Company listed above and at the Management Company’s web sites listed above. Sources: This data is provided by Morningstar Deutschland GmbH in accordance with the methodology described below. Any informationpertaining to foreign investments that is provided here is not subject to the supervision of the Austrian Financial Market Authority.

© 2017 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Morningstar and Morningstar’s third party licensors; (2)may not be copied or redistributed except as specifically authorised;(3) do not constitute investment advice;(4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and(6) may be drawn from fund data published on various dates. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information beforeusing it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go downas well as up.

ß®

8

99


CS (Lux) USA Value Equity Fund B USD


QQ

Investment Objective The Credit Suisse Equity Fund (Lux) USA Value pursuesa "deep value" approach based on the classic Graham& Dodd discipline. To this end the fund invests inundervalued companies which are domiciled or conducta majority of their business activities in the USA. Theinvestment decisions are not made on the basis of abenchmark; nevertheless, investors can use the Russell3000 Index as a long-term yardstick. The value approachcan deliver above-average results over a long periodbecause it disciplines investors not...

10.0

12.5

15.0

17.5

20.0

22.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

17,04 33,85 5,12 -8,83 37,32 -10,75 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.

Trailing Returns (30 Oct 2017) Return %


-10,586,286,13

10,476,14

Trailing Returns cum. (30 Oct 2017) Return %

3 Years 19,535 Years 64,5510 Years 85,94Since Inception 124,72

Risk Measures

3-Yr Alpha -3-Yr Beta -Tracking Error 11,54








Small

Mid




<25 25-50 50-75 >75


Layne Christensen Co p 4,12Natuzzi SPA ADR t 3,64The St. Joe Co u 3,35Northwest Pipe Co r 3,21Tredegar Corp t 3,20 KBR Inc p 3,17ASA Gold and Precious Metals - 2,95Belmond Ltd Class A t 2,91Great Lakes Dredge & Dock Corp p 2,89Tejon Ranch Co u 2,81 Total Stock Holdings 39Total Bond Holdings 0Assets in Top 10 Holdings % 32,25


h Cyclical 55,31

r Basic Materials 17,65t Consumer Cyclical 31,33y Financial Services -u Real Estate 6,32 j Sensitive 27,17

i Communication Services -o Energy 2,21p Industrials 24,96a Technology - k Defensive 17,52

s Consumer Defensive 15,01d Healthcare -f Utilities 2,51


Americas 86,62


Greater Europe 11,18


Greater Asia 2,20


Operations

Fund Company Credit Suisse Fund...Phone +352 4 36 16 11Website www.credit-suisse.comInception Date 30 Mar 2004Fund Manager Gregor TrachselManager Start Date 30 Apr 2008NAV (30 Oct 2017) 21,45 USD

Fund Size (mil) 55,36 USDShare Class Size (mil) 30,07 USDDomicile LuxembourgCurrency USDUCITS YesInc/Acc AccISIN LU0187731129

Annual Management Fee 1,92%Actual Front Load 5,00%Ongoing Charge (08 Aug 2017) 2,19%Fiscal Year End Month 31/ Mar



ß®

10


JPMorgan Funds - US Small Cap Growth Fund A (dist) - USD


QQQ

Investment Objective To provide long-term capital growth by investingprimarily in a growth style biased portfolio of smallcapitalisation US companies. At least 67% of the Sub-Fund's total assets (excluding cash and cashequivalents) will be invested in a growth style biasedportfolio of equity and equity linked securities of smallcapitalisation companies that are incorporated underthe laws of, and have their registered office in. the US,or that derive the predominant part of their economicactivity from the US, even if listed...

10.0

12.5

15.0

17.5

20.0

22.5

25.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




19,3033,6813,9115,82

-


3 Years 47,785 Years 108,4410 Years 137,25Since Inception -

Risk Measures









Small

Mid




<25 25-50 50-75 >75


John Bean Technologies Corp p 1,77Boyd Gaming Corp t 1,61The Trade Desk Inc A a 1,59Lithia Motors Inc Class A t 1,59Envestnet Inc y 1,46 Littelfuse Inc a 1,45Ferro Corp r 1,40Graco Inc p 1,40Wolverine World Wide Inc t 1,39Texas Capital Bancshares Inc y 1,38 Total Stock Holdings 116Total Bond Holdings 0Assets in Top 10 Holdings % 15,05


h Cyclical 30,39


i Communication Services -o Energy 1,35p Industrials 13,78a Technology 28,63 k Defensive 25,84

s Consumer Defensive 6,22d Healthcare 19,62f Utilities -


Americas 100,00


Greater Europe 0,00


Greater Asia 0,00


Operations



www.jpmorganass...Inception Date 11 Sep 1984Fund Manager Eytan ShapiroManager Start Date 1 Jun 2003NAV (1 Nov 2017) 194,22 USD





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11


Candriam Quant Equities USA C USD Cap


QQQ

Investment Objective Dexia Quant Equities USA is managed on the basis ofa quantitative model designed and tested in-house.That model is linked to a vast database of more than 40alpha factors with a history of more than 15 years. Alphafactors are factors which might generate anoutperformance or alpha (price/earnings ratio, growthforecasts, profit revisions and so on). On the basis of anoptimum combination of alpha factors, different foreach sector, the model selects the most attractivestocks in each sector. That selection is...

10.0

12.5

15.0

17.5

20.0

22.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

10,76 24,02 25,26 7,40 14,92 -0,25 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



2,4512,8510,4314,17

6,91



Risk Measures









Small

Mid




<25 25-50 50-75 >75


Apple Inc a 2,73Microsoft Corp a 2,40Exxon Mobil Corp o 2,14Facebook Inc A a 1,73Pfizer Inc d 1,72 Merck & Co Inc d 1,51Philip Morris International Inc s 1,37FedEx Corp p 1,28Procter & Gamble Co s 1,24Amazon.com Inc t 1,23 Total Stock Holdings 162Total Bond Holdings 0Assets in Top 10 Holdings % 17,36


h Cyclical 33,77





Americas 98,84


Greater Europe 0,00


Greater Asia 1,16


Operations

Fund Company Candriam LuxembourgPhone +352 27975130Website www.candriam.comInception Date 19 Mar 2003Fund Manager Bart GoosensManager Start Date 19 Mar 2003NAV (30 Oct 2017) 2.918,56 USD


Annual Management Fee 1,50%Actual Front Load 3,50%Ongoing Charge (19 Apr 2017) 1,92%Fiscal Year End Month 31/ Dec



ß®

12



ß®


ESPA Best of America T


QQ

Investment Objective ESPA BEST OF AMERICA is a benchmark-oriented fundof funds that invests in North American equity funds.The selection of funds follows both qualitative andquantitative criteria. A broad diversification ofinvestment styles and an overall balanced risk-returnratio are of significance for the weighting of theindividual funds. The maximum weight of a fund is 20%.Foreign exchange can be hedged to a level of up to 20%of the entire volume of the fund.

10.0

12.5

15.0

17.5

20.0

22.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

8,38 27,27 21,73 7,11 13,83 0,61 Fund

Performance is calculated pursuant to the OeKB-method. The administration fee is taken into account in performance. No issue premium is charged for fund

purchases as part of UNITED FUNDS OF SUCCESS. Other fees that reduce the return, e.g. individual account and deposit fees, are not taken into account.

These figures refer to the past and are not a reliable indicator of future performance.



0,6113,4810,1113,73

3,64



Risk Measures



Calculations use Russell 1000 Growth TR USD (where applicable)

Portfolio 31 Aug 2017





Small

Mid


Large 24,65Medium 22,94Small 12,24Micro 2,47 Avg Mkt Cap 33083 EUR


<25 25-50 50-75 >75


Polar Capital NA I USD Inc - 17,69SPDR® S&P 500 ETF - 14,92Parvest Equity USA Growth I C - 14,84T. Rowe Price US Large Cp Val... - 10,52Lyxor Russell 1000 Growth ETF... - 10,36 SPDR® S&P 400 US Mid Cap ETF - 10,18UBS ETF MSCI USA Value USD A dis - 10,09SPDR® Russell 2000 US Small... - 5,02Parvest Equity USA Small Cap I C - 5,00S&P500 Emini Fut Sep172017-09-15 - 0,05 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 98,66


h Cyclical 36,36





Americas 98,85


Greater Europe 0,60


Greater Asia 0,54


Operations

Fund Company ERSTE-SPARINVEST...Phone +43 5010019881Website www.erste-am.comInception Date 6 Aug 2001Fund Manager Markus JandrisevitsManager Start Date 6 Aug 2001NAV (31 Oct 2017) 164,32 EUR

Fund Size (mil) 45,77 EURShare Class Size (mil) 32,60 EURDomicile AustriaCurrency EURUCITS YesInc/Acc AccISIN AT0000703467

Annual Management Fee 1,44%Actual Front Load 4,00%Ongoing Charge (15 Sep 2017) -Fiscal Year End Month 30/ Apr

13



ß®


ESPA Best of America T ESPA Best of America T may have increased volatility due to the composition of its portfolio; i.e., the unit value can fluctuate significantly both upwards and downwards within short periods of time.

ESPA Best of America T may make significant investments in investment funds (UCITS, UCI) within the meaning of Section 71 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

14


BlackRock Global Funds - US Flexible Equity Fund A2


QQQQ

Investment Objective The US Flexible Equity Fund seeks to maximise totalreturn. The Fund invests at least 70% of its total assetsin the equity securities of companies domiciled in, orexercising the predominant part of their economicactivity in, the US. The Fund normally invests insecurities that, in the opinion of the Investment Adviser,exhibit either growth or value investmentcharacteristics, placing an emphasis as the marketoutlook warrants.

10.0

12.5

15.0

17.5

20.0

22.5

25.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




7,6421,0012,3515,99

7,07



Risk Measures









Small

Mid




<25 25-50 50-75 >75


Apple Inc a 5,06Microsoft Corp a 3,96JPMorgan Chase & Co y 3,55Bank of America Corporation y 2,83Pfizer Inc d 2,80 Comcast Corp Class A i 2,77DowDuPont Inc r 2,45Altria Group Inc s 2,26The Home Depot Inc t 2,25Gilead Sciences Inc d 2,19 Total Stock Holdings 69Total Bond Holdings 0Assets in Top 10 Holdings % 30,12


h Cyclical 31,99

r Basic Materials 3,48t Consumer Cyclical 12,95y Financial Services 15,56u Real Estate - j Sensitive 42,52




Americas 95,01


Greater Europe 3,98


Greater Asia 1,02


Operations

Fund Company BlackRock (Luxembourg) SAPhone +44 20 77433000Website www.blackrock.comInception Date 31 Oct 2002Fund Manager Joseph WolfeManager Start Date 29 Mar 2017NAV (31 Oct 2017) 32,79 USD


Annual Management Fee 1,50%Actual Front Load 5,00%Ongoing Charge (03 Feb 2017) 1,81%Fiscal Year End Month 31/ Aug



ß®

15


All Asia T


QQQ

Investment Objective Invests exclusively in equity funds with a focus onAsian/Pacific excl. Japanese shares. Selection of fundsin accordance with the Schoellerbank fund rating. Fundswith different investment styles are put together (multi-manager approach). This reduces the risk while at thesame time optimising earnings for the fund of funds.

10.011.012.013.014.015.016.017.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

17,83 -4,63 16,65 2,56 5,76 19,07 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



19,0715,15

9,368,064,15



Risk Measures


3-Yr Sharpe Ratio -3-Yr Std Dev 14,85KIID SRRI 5

Calculations use MSCI AC Asia Pac Ex JPN NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Schroder ISF Asian Opp C EUR Acc - 13,24Invesco Asian Equity A USD AD - 13,13Fidelity Asian Special Sits... - 12,97JOHCM Asia ex-Japan A EUR Inc - 10,74BGF Asian Growth Leaders I2 USD - 10,58 M&G Asian Euro C Acc - 10,33Comgest Growth Asia Pac ex Jpn... - 9,78Hermes Asia Ex Japan Equity C... - 9,32Templeton Asian Smaller Coms... - 8,47 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 98,55


h Cyclical 45,86





Americas 1,49


Greater Europe 2,85


Greater Asia 95,66


Operations

Fund Company Schoellerbank Invest AGPhone +43 662 885511-2650Website www.schoellerbank.atInception Date 4 Jan 2001Fund Manager Not DisclosedManager Start Date 4 Jan 2001NAV (31 Oct 2017) 19,09 EUR


Annual Management Fee 1,50%Actual Front Load 5,00%Ongoing Charge (23 Oct 2017) -Fiscal Year End Month 30/ Jun



ß®

16


Templeton Asian Growth Fund A(acc)EUR


QQ

Investment Objective The Fund aims to achieve long-term capital appreciationby investing primarily in equity securities listed in Asia(excluding Australia, New Zealand and Japan).

10.0

11.0

12.0

13.0

14.0

15.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

14,11 -11,54 21,94 -18,51 23,40 15,09 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



15,8523,76

5,265,209,35



Risk Measures



Calculations use MSCI AC Asia Ex Japan NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Aluminum Corporation of China... r 9,95Brilliance China Automotive... t 8,76Bank Rakyat Indonesia... y 5,22Bank Danamon Indonesia Tbk... y 4,62Oil & Gas Development Co Ltd o 4,18 Dairy Farm International... s 3,60The Siam Commercial Bank PCL y 3,56United Tractors Tbk p 3,39PT Astra International Tbk t 3,21VTech Holdings Ltd a 3,21 Total Stock Holdings 54Total Bond Holdings 0Assets in Top 10 Holdings % 49,69


h Cyclical 57,80





Americas 0,29


Greater Europe 0,00


Greater Asia 99,71


Operations

Fund Company Franklin Templeton...Phone +352 46 66 67 1Website www.franklintempleton.luInception Date 25 Oct 2005Fund Manager Allan LamManager Start Date 1 Jan 2016NAV (1 Nov 2017) 33,54 EUR

Fund Size (mil) 4973,36 USDShare Class Size (mil) 414,03 USDDomicile LuxembourgCurrency EURUCITS YesInc/Acc AccISIN LU0229940001

Annual Management Fee 1,35%Actual Front Load -Ongoing Charge (27 Jan 2017) 2,22%Fiscal Year End Month 30/ Jun



ß®

17


Fidelity Funds - Asia Focus Fund A-Acc-USD


QQQ

Investment Objective The fund’s objective is to invest principally in equitysecurities quoted on stock exchanges in the PacificBasin excluding Japan. The fund may invest up to 10%of its assets in China A shares. 10.0

11.012.013.014.015.016.017.018.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




25,3623,7611,82

9,159,27



Risk Measures



Calculations use MSCI AC Asia Ex Japan NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Tencent Holdings Ltd a 6,22Alibaba Group Holding Ltd ADR t 5,60Taiwan Semiconductor... a 5,37Samsung Electronics Co Ltd a 4,71AIA Group Ltd y 3,83 Industrial And Commercial Bank... y 2,71HDFC Bank Ltd y 2,67Housing Development Finance... y 1,97China Mobile Ltd i 1,93Ptt PLC Shs Foreign Registered o 1,91 Total Stock Holdings 78Total Bond Holdings 0Assets in Top 10 Holdings % 36,92


h Cyclical 47,01





Americas 1,99


Greater Europe 0,00


Greater Asia 98,01


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 25 Sep 2006Fund Manager Dhananjay PhadnisManager Start Date 1 Mar 2015NAV (1 Nov 2017) 24,41 USD


Annual Management Fee 1,50%Actual Front Load 5,00%Ongoing Charge (14 Sep 2017) 1,94%Fiscal Year End Month 30/ Apr



ß®

18


Templeton BRIC Fund A(acc)EUR


QQ

Investment Objective The Fund aims to achieve long-term capital appreciationby investing primarily in equity securities of companiesorganised under the laws of or having their principaloffice in Brazil, Russia, India and China (including HongKong and Taiwan) (BRIC), as well as in companies thatderive the principal portion of their revenues or profitsfrom BRIC economies, or have the principal portion oftheir assets there.

9.0

10.0

11.0

12.0

13.0

14.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




27,3226,4010,58

6,605,58


3 Years 35,215 Years 37,6310 Years -10,53Since Inception 92,00

Risk Measures



Calculations use MSCI BRIC NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Alibaba Group Holding Ltd ADR t 8,62Tencent Holdings Ltd a 6,42Bank Bradesco SA ADR y 4,92Naspers Ltd Class N a 4,50China Mobile Ltd i 3,94 JD.com Inc ADR a 3,85Brilliance China Automotive... t 3,77Sberbank of Russia PJSC ADR y 3,64Bajaj Holdings and Investment... y 3,48Itau Unibanco Holding SA ADR y 3,34 Total Stock Holdings 50Total Bond Holdings 0Assets in Top 10 Holdings % 46,48


h Cyclical 50,64





Americas 14,58




Greater Asia 70,10


Operations

Fund Company Franklin Templeton...Phone +352 46 66 67 1Website www.franklintempleton.luInception Date 25 Oct 2005Fund Manager Chetan SehgalManager Start Date 31 May 2017NAV (1 Nov 2017) 19,20 EUR


Annual Management Fee 1,60%Actual Front Load -Ongoing Charge (28 Jun 2017) 2,48%Fiscal Year End Month 30/ Jun



ß®

19


Fidelity Funds - Greater China Fund A-DIST-USD


QQQQ

Investment Objective Invests principally in equity securities quoted on stockexchanges in Hong Kong, China and Taiwan. The fundmay invest its net assets directly in China A and BShares. The fund can directly invest in China A Sharesthrough the QFII quota of FIL Investment Management(Hong Kong) Limited subject to the approval of relevantChinese authorities. The fund may invest up to 10% ofits net assets directly in China A and B Shares (withaggregate exposure including direct and indirectinvestments up to 30% of its assets).

10.0

12.5

15.0

17.5

20.0

22.5

25.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




31,0529,2516,9515,6513,78



Risk Measures



Calculations use MSCI Golden Dragon NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Tencent Holdings Ltd a 9,98Alibaba Group Holding Ltd ADR t 9,84Taiwan Semiconductor... a 8,63Industrial And Commercial Bank... y 3,80AIA Group Ltd y 3,21 China Pacific Insurance... y 2,44Ping An Insurance (Group) Co.... y 1,92Kweichow Moutai Co Ltd s 1,89Fidelity ILF - USD A Acc - 1,88China Mobile Ltd i 1,84 Total Stock Holdings 108Total Bond Holdings 0Assets in Top 10 Holdings % 45,44


h Cyclical 46,75





Americas 0,35


Greater Europe 1,26


Greater Asia 98,40


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 1 Oct 1990Fund Manager Raymond MaManager Start Date 1 Jul 2012NAV (1 Nov 2017) 248,10 USD


Annual Management Fee 1,50%Actual Front Load 5,25%Ongoing Charge (02 Oct 2017) -Fiscal Year End Month 30/ Apr



ß®

20


BlackRock Global Funds - Emerging Markets Fund A2


QQQ

Investment Objective The Emerging Markets Fund seeks to maximise totalreturn. The Fund invests globally at least 70% of its totalassets in the equity securities of companies domiciledin, or exercising the predominant part of their economicactivity in, developing markets. Investment may also bemade in the equity securities of companies domiciledin, or exercising the predominant part of their economicactivity in, developed markets that have significantbusiness operations in these developing markets.

10.0

11.0

12.0

13.0

14.0

15.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




22,6318,55

6,786,085,23



Risk Measures



Calculations use MSCI EM NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Tencent Holdings Ltd a 5,13Msci Emer Mkt Mini Dec... - 4,53Alibaba Group Holding Ltd ADR t 3,73Samsung Electronics Co Ltd a 3,37Bank Of China Ltd H y 3,27 BlackRock ICS USD Liquidity... - 2,63Housing Development Finance... y 2,45America Movil SAB de CV ADR i 2,43Ping An Insurance (Group) Co.... y 2,06Naspers Ltd Class N a 1,91 Total Stock Holdings 63Total Bond Holdings 0Assets in Top 10 Holdings % 31,50


h Cyclical 48,03





Americas 17,60




Greater Asia 65,99


Operations

Fund Company BlackRock (Luxembourg) SAPhone +44 20 77433000Website www.blackrock.comInception Date 30 Nov 1993Fund Manager Gordon FraserManager Start Date 29 Mar 2017NAV (31 Oct 2017) 34,62 USD


Annual Management Fee 1,50%Actual Front Load 5,00%Ongoing Charge (26 Oct 2017) 1,85%Fiscal Year End Month 31/ Aug



ß®

21


Morgan Stanley Investment Funds - Emerging Markets Equity Fund A


QQQ

Investment Objective The Emerging Markets Equity Fund seeks to maximisetotal return, measured in US Dollars, throughinvestment primarily in emerging country equitysecurities. The Fund will invest in those emergingmarket countries in which the Company believes thateconomies are developing strongly and in which themarkets are becoming more sophisticated. The Fundmay invest in the securities of companies organised andlocated in countries other than an emerging marketwhere the value of the company's securities willreflect...

10.0

11.0

12.0

13.0

14.0

15.0

16.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




17,3213,44

7,086,025,59



Risk Measures









Small

Mid




<25 25-50 50-75 >75


Tencent Holdings Ltd a 6,22Taiwan Semiconductor... a 3,26Alibaba Group Holding Ltd ADR t 2,89Samsung Electronics Co Ltd a 2,81Grupo Financiero Banorte SAB... y 1,96 Bank Of China Ltd H y 1,93Itau Unibanco Holding SA - 1,78Bank Bradesco SA Pref Shs - 1,65Credicorp Ltd y 1,50MercadoLibre Inc t 1,44 Total Stock Holdings 114Total Bond Holdings 0Assets in Top 10 Holdings % 25,44


h Cyclical 56,51





Americas 17,89




Greater Asia 62,54


Operations

Fund Company Morgan Stanley

Investment...Phone +(44 20) 7425 8000Website www.morganstanley.comInception Date 1 Feb 1997Fund Manager Ruchir SharmaManager Start Date 30 Oct 1996NAV (31 Oct 2017) 44,34 USD


Annual Management Fee 1,60%Actual Front Load 5,75%Ongoing Charge (26 May 2017) 1,93%Fiscal Year End Month 31/ Dec



ß®

22


Vontobel Fund - Emerging Markets Equity B USD


QQQQ

Investment Objective This Fund aims at the highest possible capital growthin USD by means of investments in companiesdomiciled in emerging markets, taking account of theprinciple of risk diversification. At least 80% of the Sub-Fund’s assets are generally invested in shares, equity-like transferable securities, participation certificatesetc. in any currency, issued by a company domiciled inan emerging market and/or companies which have theircore business in an emerging market.

10.0

11.0

12.0

13.0

14.0

15.0

16.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




15,148,456,185,579,00



Risk Measures






Stocks 95,29Bonds 0,00Cash 4,75Other -0,03



Small

Mid




<25 25-50 50-75 >75


Alibaba Group Holding Ltd ADR t 5,92HDFC Bank Ltd y 5,20Ambev SA ADR s 4,71Housing Development Finance... y 4,24Tencent Holdings Ltd a 3,86 Fomento Economico Mexicano SAB... s 3,57Unilever NV DR s 3,36NetEase Inc ADR a 2,88PT Telekomunikasi Indonesia... i 2,83Heineken NV s 2,62 Total Stock Holdings 52Total Bond Holdings 1Assets in Top 10 Holdings % 39,20


h Cyclical 36,87

r Basic Materials -t Consumer Cyclical 11,24y Financial Services 24,07u Real Estate 1,56 j Sensitive 28,00




Americas 26,90




Greater Asia 58,66


Operations

Fund Company Vontobel Asset

Management...Phone -Website www.vontobel.comInception Date 3 Nov 1992Fund Manager Matthew BenkendorfManager Start Date 7 Mar 2016NAV (30 Oct 2017) 800,96 USD


Annual Management Fee 1,65%Actual Front Load -Ongoing Charge (02 Oct 2017) 2,10%Fiscal Year End Month 31/ Aug



ß®

23


Magellan C


QQQQQ

Investment Objective The SICAV’s investment objective is to achieve asatisfactory medium- or long-term performance withoutreference to any particular index, by using stock pickingtechniques. At least 60% of the portfolio will at all timesbe exposed to securities on the stock markets ofemerging countries with a high economic growth rateas compared to the average rate in the majorindustrialised countries, essentially in South East Asia,South America and Europe.

10.011.012.013.014.015.016.017.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

10,69 2,38 16,82 -1,58 8,27 19,76 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



19,9017,27

8,229,106,64



Risk Measures




Portfolio 31 Jul 2017





Small

Mid




<25 25-50 50-75 >75


Taiwan Semiconductor... a 4,90China Life Insurance Co Ltd H... y 4,40NetEase Inc ADR a 3,83Power Grid Corp Of India Ltd f 3,56MTN Group Ltd i 3,52 Baidu Inc ADR a 3,37Ping An Insurance (Group) Co.... y 3,37Samsung Life Insurance Co Ltd y 3,13BB Seguridade Participacoes SA y 3,06Infosys Ltd ADR a 3,05 Total Stock Holdings 43Total Bond Holdings 0Assets in Top 10 Holdings % 36,20


h Cyclical 33,20





Americas 23,37




Greater Asia 63,84


Operations

Fund Company ComgestPhone 01 44 94 19 00Website www.comgest.comInception Date 18 Apr 1988Fund Manager David RaperManager Start Date 1 Feb 2016NAV (31 Oct 2017) 25,12 EUR

Fund Size (mil) 3848,18 EURShare Class Size (mil) 2862,66 EURDomicile FranceCurrency EURUCITS YesInc/Acc AccISIN FR0000292278

Annual Management Fee 1,75%Actual Front Load 3,25%Ongoing Charge (26 Oct 2017) 2,05%Fiscal Year End Month 31/ Dec



ß®

24


Fidelity Funds - European Growth Fund A-DIST-EUR


QQQ

Investment Objective The fund’s objective is to invest principally in equitysecurities quoted on European stock exchanges. Theaim of the fund is to provide investors with long-termcapital growth from diversified and actively managedportfolios of securities. Unless otherwise specified inthe investment objective, the income of the fund isexpected to be low. The fund will invest principally (atleast 70% and normally 75% in value) in equities in themarkets and sectors reflected in the name of the fundand in companies...

10.0

12.0

14.0

16.0

18.0

20.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




8,3619,02

8,7610,29

9,79



Risk Measures

3-Yr Alpha 0,363-Yr Beta 1,04Tracking Error 2,51


Calculations use MSCI Europe NR EUR (where applicable)






Small

Mid




<25 25-50 50-75 >75


SAP SE a 4,51Royal Dutch Shell PLC B o 4,08Publicis Groupe SA t 3,71Roche Holding AG Dividend... - 3,67DNB ASA y 3,67 Prudential PLC y 3,66Siemens AG p 3,62Barclays PLC y 3,56Fresenius Medical Care AG &... d 3,38AXA SA y 3,27 Total Stock Holdings 58Total Bond Holdings 0Assets in Top 10 Holdings % 37,13


h Cyclical 39,01





Americas 3,74




Greater Asia 0,00


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 1 Oct 1990Fund Manager Matt SiddleManager Start Date 1 Jul 2012NAV (1 Nov 2017) 15,57 EUR

Fund Size (mil) 7519,17 EURShare Class Size (mil) 6784,07 EURDomicile LuxembourgCurrency EURUCITS YesInc/Acc IncISIN LU0048578792

Annual Management Fee 1,50%Actual Front Load 5,25%Ongoing Charge (02 Oct 2017) 1,89%Fiscal Year End Month 30/ Apr



ß®

25


Invesco Funds - Invesco Pan European Equity Fund A Accumulation EUR


QQQ

Investment Objective The Fund aims to provide long-term capital growth. Atleast 70% of the total assets of the Fund shall beinvested in equity or equity related instruments ofcompanies with their registered office in a Europeancountry or with their registered office outside of Europebut carrying out their business activities predominantlyin Europe or holding companies, the interests of whichare predominantly invested in companies with theirregistered office in a European country. Up to 30% ofthe total assets of the Fund may...

10.0

12.5

15.0

17.5

20.0

22.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




9,4421,41

6,5211,45

6,55



Risk Measures









Small

Mid




<25 25-50 50-75 >75


Roche Holding AG Dividend... d 3,18BP PLC o 3,12Royal Dutch Shell PLC Class A o 2,56Deutsche Post AG p 2,54Intesa Sanpaolo y 2,30 Stora Enso Oyj R r 2,28Total SA o 2,24Barclays PLC y 2,20Cie Generale des... t 2,19Basf SE r 2,18 Total Stock Holdings 64Total Bond Holdings 1Assets in Top 10 Holdings % 24,79


h Cyclical 48,70





Americas 2,42




Greater Asia 0,00


Operations

Fund Company Invesco Management S.A.Phone (+353) 1 4398100Website www.invescomanagement

c...Inception Date 1 Jan 1991Fund Manager John SurpliceManager Start Date 1 Jul 2003NAV (1 Nov 2017) 20,98 EUR

Fund Size (mil) 3970,57 EURShare Class Size (mil) 1436,20 EURDomicile LuxembourgCurrency EURUCITS YesInc/Acc AccISIN LU0028118809

Annual Management Fee 1,50%Actual Front Load -Ongoing Charge (08 Jun 2017) 1,97%Fiscal Year End Month 28/ Feb



ß®

26


JPMorgan Funds - Europe Small Cap Fund A (dist) - EUR


QQQ

Investment Objective To provide long-term capital growth by investingprimarily in small capitalisation European companies.At least 67% of the Sub-Fund’s total assets (excludingcash and cash equivalents) will be invested in equityand equity linked securities of small capitalisationcompanies that are incorporated under the laws of, andhave their registered office in, a European country, orthat derive the predominant part of their economicactivity from Europe, even if listed elsewhere.

10.012.515.017.520.022.525.027.530.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

21,88 38,53 7,81 29,50 -2,49 23,28 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



24,1429,6018,4519,0110,53



Risk Measures



Calculations use MSCI Europe Small Cap NR EUR (where applicable)






Small

Mid




<25 25-50 50-75 >75


Husqvarna AB B p 1,96Sopra Steria Group SA a 1,89JPM Euro Liquidity X (flex... - 1,78JD Sports Fashion PLC t 1,71Forbo Holding AG r 1,70 Bucher Industries AG p 1,51Fevertree Drinks PLC s 1,45Cerved Information Solutions SpA y 1,43SAF Holland SA t 1,43Trigano SA t 1,39 Total Stock Holdings 171Total Bond Holdings 0Assets in Top 10 Holdings % 16,25


h Cyclical 46,98





Americas 1,49




Greater Asia 0,00


Operations



www.jpmorganass...Inception Date 18 Apr 1994Fund Manager Francesco ConteManager Start Date 1 Sep 1998NAV (1 Nov 2017) 80,70 EUR





ß®

27


BlackRock Global Funds - European Special Situations Fund A2


QQQQ

Investment Objective The European Growth Fund seeks to maximise totalreturn. The Fund invests at least 70% of its total assetsin the equity securities of companies domiciled in, orexercising the 1predominant part of their economicactivities in, Europe. The Fund places particularemphasis on companies that, in the opinion of theInvestment Adviser, exhibit growth investmentcharacteristics, such as above-average growth rates inearnings or sales and high or improving returns oncapital. Risk management measure used: RelativeVaR...

10.0

12.5

15.0

17.5

20.0

22.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




19,4224,5213,3213,1710,21



Risk Measures



Calculations use MSCI Europe Growth NR EUR (where applicable)






Small

Mid




<25 25-50 50-75 >75


British American Tobacco PLC s 3,01SAP SE a 2,50ASML Holding NV a 2,39Cie Financiere Richemont SA t 2,39Danske Bank A/S y 2,36 Banco Santander SA y 2,04Novo Nordisk A/S B d 2,03adidas AG t 2,02KBC Group SA/NV y 2,01Lonza Group Ltd r 1,97 Total Stock Holdings 70Total Bond Holdings 0Assets in Top 10 Holdings % 22,73


h Cyclical 39,38





Americas 1,86




Greater Asia 1,66


Operations

Fund Company BlackRock (Luxembourg) SAPhone +44 20 77433000Website www.blackrock.comInception Date 14 Oct 2002Fund Manager Michael ConstantisManager Start Date 1 Mar 2008NAV (31 Oct 2017) 43,16 EUR





ß®

28


All Europe T


QQ

Investment Objective The fund assets consist exclusively of equity funds witha European focus. Selection of funds in accordance withthe Schoellerbank fund rating. Funds with differentinvestment styles are put together (multi-managerapproach). This reduces the risk while at the same timeoptimising earnings for the fund of funds.

10.011.012.013.014.015.016.017.018.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




11,4716,01

8,548,721,85



Risk Measures









Small

Mid




<25 25-50 50-75 >75


JOHCM European Select Val A EUR - 16,87JPM Europe Strategic Value C... - 14,42Invesco Pan European Focus Eq... - 10,95Jupiter European Growth D EUR... - 9,84Threadneedle (Lux) Pan Eurp... - 9,55 Allianz Europe Equity Growth I... - 8,74T. Rowe Price European Eq Q EUR - 7,77E.I. Sturdza Strgc Eurp Value... - 7,27Jupiter European Opps I EUR Acc - 6,36UniInstitutional European... - 5,88 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 97,63


h Cyclical 43,11





Americas 3,20




Greater Asia 0,00


Operations






ß®

29


Pioneer Funds Austria - Select Europe Stock T


QQQQQ

Investment Objective Equity fund, invested in large and middle-sizedEuropean companies. The ”Dow Jones Stoxx Large CapIndex“ is listing about 200 companies, is used as abenchmark for the fund. Management style: sectoranalysis based on fundamental data

10.0

12.5

15.0

17.5

20.0

22.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




13,6521,2310,8411,81

3,15



Risk Measures



Calculations use MSCI Europe Value NR EUR (where applicable)

Portfolio 31 May 2017





Small

Mid




<25 25-50 50-75 >75


Vodafone Group PLC i 2,64TDC A/S i 2,54Deutsche Telekom AG i 2,51Capgemini SE a 2,50WPP PLC t 2,48 Bayer AG d 2,48Allianz SE y 2,47Sanofi SA d 2,45Faurecia SA t 2,44Novartis AG d 2,41 Total Stock Holdings 45Total Bond Holdings 0Assets in Top 10 Holdings % 24,94


h Cyclical 49,78





Americas 0,00




Greater Asia 0,00


Operations

Fund Company Pioneer Investments...Phone +43 1 331730Website www.pioneerinvestments.

atInception Date 29 Jan 1999Fund Manager Andreas WosolManager Start Date 28 Jul 2005NAV (31 Oct 2017) 171,14 EUR


Annual Management Fee 1,50%Actual Front Load 5,00%Ongoing Charge (19 Jun 2017) -Fiscal Year End Month 31/ Mar



ß®

30


Fidelity Funds - European Fund A-Acc-EUR


QQQ

Investment Objective The fund’s objective is to achieve long-term growththrough investment in a blend of portfolios thatprimarily invest in equity securities of Europeancompanies. The aim of the fund is to provide investorswith long-term capital growth from diversified andactively managed portfolios of securities. Unlessotherwise specified in the investment objective, theincome of the fund is expected to be low. The fund willinvest primarily (at least 70% in value) in equities in themarkets and sectors reflected in the name...

10.0

12.0

14.0

16.0

18.0

20.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




10,9419,747,669,454,21



Risk Measures









Small

Mid




<25 25-50 50-75 >75


Nestle SA s 4,50Roche Holding AG Dividend... - 3,04Royal Dutch Shell PLC B o 3,01British American Tobacco PLC s 3,01Bayer AG d 2,72 BP PLC o 2,57Sanofi SA d 2,44Novo Nordisk A/S B d 2,42Linde AG r 2,24ING Groep NV y 2,13 Total Stock Holdings 57Total Bond Holdings 0Assets in Top 10 Holdings % 28,10


h Cyclical 36,40





Americas 3,98




Greater Asia 0,00


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 12 Dec 2005Fund Manager Victoire de TrogoffManager Start Date 19 Nov 2012NAV (1 Nov 2017) 16,32 EUR





ß®

31



ß®


ESPA Best of Europe T


QQQ

Investment Objective ESPA BEST OF EUROPE is a benchmark-oriented fundof funds that invests in European equity funds. Theselection of funds follows both qualitative andquantitative criteria. A broad diversification of theinvestment styles and an overall balanced risk-returnratio are of significance for the weighting of theindividual funds. The maximum weight of a fund is 20%.Foreign exchange can be hedged to a level of up to 20%of the entire volume of the fund.

10.0

12.0

14.0

16.0

18.0

20.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

18,58 19,08 6,71 10,24 0,28 13,13 Fund






13,1319,46

9,6810,54

3,68



Risk Measures









Small

Mid




<25 25-50 50-75 >75


MEAG EuroInvest I - 18,59Wellington Strategic Eurp Eq S... - 13,34JPM Europe Strategic Growth C... - 11,63JPM Europe Strategic Value I... - 10,37iShares STOXX Europe Small 200... - 10,05 Parvest Equity Europe Sm Cap I C - 9,87Source MSCI Europe Value ETF - 9,09SPDR® MSCI Europe ETF - 8,08iShares STOXX Europe Mid 200... - 6,12 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 97,15


h Cyclical 45,26





Americas 1,81




Greater Asia 0,43


Operations

Fund Company ERSTE-SPARINVEST...Phone +43 5010019881Website www.erste-am.comInception Date 6 Aug 2001Fund Manager Markus JandrisevitsManager Start Date 26 Oct 2011NAV (31 Oct 2017) 169,50 EUR



32



ß®


ESPA Best of Europe T ESPA Best of Europe T may have increased volatility due to the composition of its portfolio; i.e., the unit value can fluctuate significantly both upwards and downwards within short periods of time.

ESPA Best of Europe T may make significant investments in investment funds (UCITS, UCI) within the meaning of Section 71 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

33


MainFirst Top European Ideas A


QQQQ

Investment Objective The investment target of the sub-fund, to which shareclass A belongs, is to outperform the STOXX EUROPE600 TR (performance index) in EUR. These investmentsin equities and other equity securities are made world-wide, however the investment focus is on Europeancompanies. In so doing, depending on the situation, theinvestment focus may be on large caps or also smalland mid caps. In terms of the investment focus, at least75% of the sub-fund’s assets (excluding cash and cashequivalents) focus on equities and...

10.0

12.5

15.0

17.5

20.0

22.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 09/17 Performance




25,2633,6515,2813,48

7,20



Risk Measures









Small

Mid




<25 25-50 50-75 >75


UniCredit SpA y 9,84Siltronic AG a 6,49Gestamp Automocion t 6,08Duerr AG p 5,57Shire PLC d 5,09 Deutsche Pfandbriefbank AG y 4,06Sixt SE non-voting - 3,69ASR Nederland NV y 3,66Intesa Sanpaolo y 3,64Jupiter Fund Management PLC y 3,42 Total Stock Holdings 71Total Bond Holdings 0Assets in Top 10 Holdings % 51,53


h Cyclical 59,34





Americas 5,47




Greater Asia 0,00


Operations

Fund Company Mainfirst Affiliated Fund...Phone +3522769120Website www.mainfirst-

fundmana...Inception Date 13 Jul 2007Fund Manager Olgerd EichlerManager Start Date 13 Jul 2007NAV (30 Oct 2017) 102,35 EUR


Annual Management Fee 1,80%Actual Front Load 5,00%Ongoing Charge (09 May 2017) 1,85%Fiscal Year End Month -



ß®

34


Fidelity Funds - International Fund A-DIST-USD


QQQQ

Investment Objective The fund’s objective is to invest principally in equitiesin markets throughout the world including majormarkets and smaller emerging markets. The aim of thefund is to provide investors with long-term capitalgrowth from diversified and actively managed portfoliosof securities. Unless otherwise specified in theinvestment objective, the income of the fund isexpected to be low. The fund will invest principally (atleast 70% and normally 75% in value) in equities in themarkets and sectors reflected in the...

10.0

12.5

15.0

17.5

20.0

22.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




4,8113,77

9,3912,88

7,36



Risk Measures



Calculations use MSCI World NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


E-mini S&P 500 Dec172017-12-15 - 12,90S&P Canada 60 Index... - 2,93State Street Europe Value... - 2,08Oracle Corp a 1,40Maple-Brown Abbott Asia Pac Ex... - 1,21 Alma Eikoh Japan L-Cap Eq I JPY - 1,21Fidelity ILF - USD A Acc - 1,17Euro Stoxx 50 Dec172017-12-15 - 1,11Citigroup Inc y 0,95Berkshire Hathaway Inc B y 0,94 Total Stock Holdings 1175Total Bond Holdings 0Assets in Top 10 Holdings % 25,90


h Cyclical 37,16





Americas 58,82




Greater Asia 14,59


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 31 Dec 1991Fund Manager Nick PetersManager Start Date 30 Apr 2013NAV (1 Nov 2017) 56,09 USD





ß®

35


Success relative T


QQQ

Investment Objective The fund follows an optimal approach under theassessed economic outlook, along with the conditionsof the capital markets. These conditions are inconcurrence with the preset investment strategy of thefund and in line with the Austrian Investment Fund Actas well as with the rules for investment fund-relevantassets. Also, the currently not invested assets serve tomitigate the impact of potential price declines of thefunds with this type of investment strategy by portfolioswitching and retaining higher cash...

10.010.511.011.512.012.513.013.514.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




4,7510,56

4,315,10

-1,42


3 Years 13,485 Years 28,2710 Years -7,89Since Inception -21,24

Risk Measures



Calculations use Cat 50%Barclays EurAgg TR&50%FTSE Wld TR (where

applicable)




Morningstar Style Box™

Equity Style Fixed Income Style


Small

Mid

LargeSize

Interest Rate SensitivityLtd Mod Ext

LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Lyxor S&P 500 ETF Daily Hedged... - 15,71iShares Core MSCI Japan IMI... - 13,63Source S&P 500 ETF EUR Hedged - 12,24DBXT S&P 500 ETF (DR) 1C - 9,27Pictet-Japanese Equity Opps I... - 8,96 Fidelity FAST Asia Y-ACC-USD - 6,68Schroder ISF Japanese Equity C... - 6,26GS Emerging Mkts Eq I Acc - 5,40BGF Latin American D2 - 4,95Amundi ETF MSCI EM Latin... - 4,94 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 88,04


h Cyclical 44,02





Americas 48,76


Greater Europe 9,79


Greater Asia 41,45


Operations

Fund Company Raiffeisen Kapitalanlage...Phone +431711700Website www.rcm.atInception Date 2 Feb 2001Fund Manager Not DisclosedManager Start Date 2 Feb 2001NAV (31 Oct 2017) 7,77 EUR


Annual Management Fee 1,75%Actual Front Load 5,25%Ongoing Charge (14 Jul 2017) -Fiscal Year End Month 30/ Nov



ß®

36


Schoellerbank Aktienfonds Value T


QQQ

Investment Objective Invests worldwide in equity and equity-like securitiesin different business fields.

10.0

12.0

14.0

16.0

18.0

20.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




9,3615,1910,0411,79

1,65



Risk Measures



Calculations use MSCI World Value NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Berkshire Hathaway Inc A y 8,56CK Hutchison Holdings Ltd p 6,50CK Asset Holdings Ltd u 6,44Alphabet Inc C a 5,81Barratt Developments PLC t 5,24 Leucadia National Corp s 4,24Express Scripts Holding Co d 4,13The Western Union Co y 3,32POSCO ADR r 3,10Tesco PLC s 3,04 Total Stock Holdings 36Total Bond Holdings 0Assets in Top 10 Holdings % 50,38


h Cyclical 48,13


i Communication Services 4,90o Energy -p Industrials 14,89a Technology 14,83 k Defensive 17,25



Americas 49,15




Greater Asia 30,38


Operations

Fund Company Schoellerbank Invest AGPhone +43 662 885511-2650Website www.schoellerbank.atInception Date 22 Mar 1999Fund Manager Not DisclosedManager Start Date 16 Dec 1992NAV (31 Oct 2017) 237,50 EUR


Annual Management Fee 1,20%Actual Front Load 4,00%Ongoing Charge (06 Feb 2017) -Fiscal Year End Month 31/ Aug



ß®

37


Schoellerbank Aktienfonds Dividende T


-

Investment Objective

10.0

10.3

10.5

10.8

11.0

11.3Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

- - - - - 2,30 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



4,449,93

--

9,81


3 Years -5 Years -10 Years -Since Inception 15,04

Risk Measures

3-Yr Alpha -3-Yr Beta -Tracking Error -

3-Yr Sharpe Ratio -3-Yr Std Dev -KIID SRRI 5

Calculations use MSCI World High Dividend Yield NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Barratt Developments PLC t 4,98Novartis AG d 4,64Deutsche Post AG p 4,58CK Asset Holdings Ltd u 4,53Vodafone Group PLC i 4,37 Roche Holding AG Dividend... - 4,23The Swatch Group AG Bearer... t 4,20General Electric Co p 4,13The Western Union Co y 4,08LafargeHolcim Ltd r 3,94 Total Stock Holdings 28Total Bond Holdings 0Assets in Top 10 Holdings % 43,69


h Cyclical 33,12





Americas 42,78




Greater Asia 9,47


Operations

Fund Company Schoellerbank Invest AGPhone +43 662 885511-2650Website www.schoellerbank.atInception Date 2 May 2016Fund Manager Not DisclosedManager Start Date 2 May 2016NAV (31 Oct 2017) 114,82 EUR

Fund Size (mil) 111,53 EURShare Class Size (mil) 91,64 EURDomicile AustriaCurrency EURUCITS YesInc/Acc AccISIN AT0000A1KTP5




ß®

38



ß®


WSTV ESPA progressiv T


QQ

Investment Objective WSTV PROGRESSIV is a benchmark-oriented fund offunds that invests globally in equity funds. Regionaltactical asset allocation serves the purpose of incomeand risk optimization, while the inclusion of emergingmarkets may be up to 20%. Up to 10% of the portfoliois invested in alternative investments (includingcommodities). Foreign exchange is hedged up to a levelof 20%. The fund is suitable for long-term increase ofthe capital base.

10.011.012.013.014.015.016.017.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

10,59 11,14 13,08 6,83 7,13 6,01 Fund






6,0113,03

8,929,035,05



Risk Measures









Small

Mid




<25 25-50 50-75 >75


Parvest Equity USA Growth I C - 14,32JPM US Rsrch Enh Idx Eq I perf... - 13,64Wellington US Research Eq S $... - 13,56MEAG EuroInvest I - 7,63Alpha Diversified 1 Inst T - 6,33 Schroder ISF Emerg Europe C Acc - 5,03Schroder ISF China... - 5,03Parvest Equity USA Small Cap I C - 4,15JPM Europe Strategic Value I... - 3,77Schroder ISF Hong Kong Eq C - 2,67 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 76,13


h Cyclical 41,90





Americas 51,63




Greater Asia 22,90


Operations

Fund Company ERSTE-SPARINVEST...Phone +43 5010019881Website www.erste-am.comInception Date 15 Jul 2003Fund Manager Jürgen WurzerManager Start Date 29 Sep 2016NAV (31 Oct 2017) 195,64 EUR

Fund Size (mil) 62,00 EURShare Class Size (mil) 23,87 EURDomicile AustriaCurrency EURUCITS NoInc/Acc AccISIN AT0000647573

Annual Management Fee 1,68%Actual Front Load 5,50%Ongoing Charge (12 May 2017) -Fiscal Year End Month 28/ Feb

39



ß®


WSTV ESPA progressiv T WSTV ESPA progressiv T may make significant investments in investment funds (UCITS, UCI) within the meaning of Section 71 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

40


Wiener Privatbank Premium Dynamisch T


QQQ

Investment Objective With this fund of funds, we approach investors whowant to achieve capital appreciation through a globallydiversified equity fund portfolio. Due to the highvolatility of equities, we recommend an investmentperiod of at least 5 years. In this international fund offunds, globally investing equity funds are used, wherebythe main focus is on the world's most renowned equityinvesting companies that invest primarily in "bluechips".

10.0

12.0

14.0

16.0

18.0

20.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




12,3515,99

9,8310,48

3,63



Risk Measures




Portfolio 30 Nov 2016





Small

Mid




<25 25-50 50-75 >75


Threadneedle Amer Extnd Alpha... - 9,74Invesco Japanese Equity Core C... - 9,67MOZART one T - 9,61Wiener Privatbank European... - 9,20MS INVF Global Brands ZH EUR - 8,96 Wiener Privatbank European... - 8,94GS India Equity Portfolio I Acc - 8,35BSF European Opps Extension A2... - 8,13JPM US Value C (acc) EUR H - 6,95LTIF Classic EUR - 5,99 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 85,53


h Cyclical 45,97





Americas 27,48




Greater Asia 19,90


Operations

Fund Company Semper Constantia Invest...Phone +43 1 536 16-0Website www.semperconstantia.atInception Date 21 Jun 2002Fund Manager Florian RainerManager Start Date 1 Jul 2013NAV (31 Oct 2017) 16,69 EUR


Annual Management Fee 1,75%Actual Front Load 5,00%Ongoing Charge (17 Feb 2017) -Fiscal Year End Month 31/ May



ß®

41


All World T


QQQ

Investment Objective The fund assets consist exclusively of internationalequity funds with various investment styles (multi-manager approach). This reduces the risk while at thesame time optimising earnings for the fund of fund.Selection of funds in accordance with the Schoellerbankfund rating.

10.0

12.0

14.0

16.0

18.0

20.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




8,1114,5110,0410,91

2,80



Risk Measures









Small

Mid




<25 25-50 50-75 >75


LO Funds Generation Global USD... - 16,87Fidelity World Y-Acc-EUR - 13,82GS Glbl CORE Equity I EUR... - 10,73Pictet-Global Megatrend Sel I... - 9,96Threadneedle (Lux) Global... - 8,68 LOYS Sicav - LOYS Global... - 8,58UniFavorit: Aktien - 8,20Hermes Global Equity F EUR Acc - 7,97Cif-Cg New Persp(Lux)z Eo - 7,95Aberdeen Global World Equity... - 6,97 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 99,74


h Cyclical 35,24





Americas 55,94




Greater Asia 15,51


Operations

Fund Company Schoellerbank Invest AGPhone +43 662 885511-2650Website www.schoellerbank.atInception Date 1 Apr 1998Fund Manager Not DisclosedManager Start Date 1 Apr 1998NAV (31 Oct 2017) 16,18 EUR





ß®

42


Schoellerbank Aktienfonds währungsgesichert T


QQ

Investment Objective Generation of an above-average value growth with ahigh level of security by a broad diversification. Inaddition, currency risks should be secured as far aspossible.

10.0

12.0

14.0

16.0

18.0

20.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




14,7315,85

7,3410,52

5,14



Risk Measures









Small

Mid




<25 25-50 50-75 >75


Deutsche Post AG p 3,70PayPal Holdings Inc y 3,60CK Hutchison Holdings Ltd p 3,47Progressive Corp y 3,40Vodafone Group PLC i 3,34 Unilever NV DR s 3,00SAP SE a 2,73Berkshire Hathaway Inc A y 2,72Cerner Corp a 2,66Sanofi SA d 2,66 Total Stock Holdings 39Total Bond Holdings 0Assets in Top 10 Holdings % 31,29


h Cyclical 32,11





Americas 56,04




Greater Asia 7,97


Operations

Fund Company Schoellerbank Invest AGPhone +43 662 885511-2650Website www.schoellerbank.atInception Date 23 Dec 2004Fund Manager Not DisclosedManager Start Date 23 Dec 2004NAV (31 Oct 2017) 185,44 EUR


Annual Management Fee 0,82%Actual Front Load 4,00%Ongoing Charge (16 Aug 2017) -Fiscal Year End Month 31/ Aug



ß®

43


All Trends T


Q

Investment Objective Invests in domestic and international investment funds.Invests in the most attractive business fields, such asinformation technology, public health service, Waterand outsourcing. 10.0

11.012.013.014.015.016.017.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




10,6413,40

9,407,961,10



Risk Measures



Calculations use MSCI World Growth NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


DNB Fund Technology... - 7,62Polar Capital Biotechnology I... - 7,25T. Rowe Price Japanese Equity... - 6,13JPM Em Mkts Small Cap C (acc)... - 6,12Comgest Growth Asia Pac ex Jpn... - 5,90 Pioneer Fds Global Ecology H... - 5,90JOHCM European Select Val A EUR - 5,78DWS Aktien Strategie... - 5,32Comgest Growth Japan EUR I H Acc - 5,21Candriam Eqs L Biotech C USD Cap - 5,16 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 60,39


h Cyclical 32,48





Americas 38,38




Greater Asia 34,43


Operations

Fund Company Schoellerbank Invest AGPhone +43 662 885511-2650Website www.schoellerbank.atInception Date 3 Apr 2000Fund Manager Not DisclosedManager Start Date 3 Apr 2000NAV (31 Oct 2017) 11,71 EUR





ß®

44


Templeton Growth (Euro) Fund A(acc)EUR


QQQ

Investment Objective The Fund aims to achieve long-term capital appreciationby investing primarily in equity securities of companiesworldwide, including emerging markets.

10.0

12.0

14.0

16.0

18.0

20.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




2,2712,35

6,0310,25

3,32



Risk Measures



Calculations use MSCI World Value NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Samsung Electronics Co Ltd a 2,75Royal Dutch Shell PLC B o 2,64Oracle Corp a 2,36Citigroup Inc y 2,14Amgen Inc d 1,98 BP PLC o 1,71AXA SA y 1,70Standard Chartered PLC y 1,67Kingfisher PLC t 1,63Allergan PLC d 1,63 Total Stock Holdings 86Total Bond Holdings 1Assets in Top 10 Holdings % 20,22


h Cyclical 35,32





Americas 42,41




Greater Asia 19,96


Operations

Fund Company Franklin Templeton...Phone +352 46 66 67 1Website www.franklintempleton.luInception Date 9 Aug 2000Fund Manager Norman BoersmaManager Start Date 1 Mar 2011NAV (1 Nov 2017) 17,56 EUR


Annual Management Fee 1,00%Actual Front Load -Ongoing Charge (11 Oct 2017) 1,84%Fiscal Year End Month 30/ Jun



ß®

45


Fidelity Funds - World Fund A-DIST-EUR


QQQQQ

Investment Objective The fund’s objective is to invest principally in worldwideequities with the geographical weightings based uponthe relative attractiveness of the different regions, andis unlikely to vary significantly from the index neutralweightings. The aim of the fund is to provide investorswith long-term capital growth from diversified andactively managed portfolios of securities. Unlessotherwise specified in the investment objective, theincome of the fund is expected to be low. The fund willinvest principally (at...

10.0

12.5

15.0

17.5

20.0

22.5

25.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




10,1620,3313,0915,93

7,41



Risk Measures









Small

Mid




<25 25-50 50-75 >75


Fidelity ILF - USD A Acc - 4,78Royal Dutch Shell PLC B o 3,12Alphabet Inc A a 2,75Exelon Corp f 2,28Citigroup Inc y 2,18 Apple Inc a 2,00JPMorgan Chase & Co y 1,95Microsoft Corp a 1,89Royal Philips NV p 1,78Koninklijke Ahold Delhaize NV s 1,69 Total Stock Holdings 97Total Bond Holdings 0Assets in Top 10 Holdings % 24,42


h Cyclical 34,37





Americas 53,96




Greater Asia 17,35


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 6 Sep 1996Fund Manager Jeremy PodgerManager Start Date 16 Jun 2014NAV (1 Nov 2017) 22,55 EUR

Fund Size (mil) 1783,35 USDShare Class Size (mil) 696,18 USDDomicile LuxembourgCurrency EURUCITS YesInc/Acc IncISIN LU0069449576




ß®

46


DWS Akkumula LC


QQQQ

Investment Objective The investment fund’s investment objective is toachieve the highest possible appreciation of capital.Income is reinvested. The benchmark for the investmentfund is the MSCI World index. At least 51% of theinvestment fund’s assets must be invested in theequities of solid, growth oriented domestic and foreigncompanies that can be expected to deliver goodperformance either on the basis of their earningsprospects or by taking advantage of technical situationsin the market, including short-term effects. The...

10.0

12.5

15.0

17.5

20.0

22.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




7,9114,9710,2613,08

-


3 Years 34,055 Years 84,8810 Years 61,43Since Inception -

Risk Measures









Small

Mid




<25 25-50 50-75 >75


Alphabet Inc A a 3,72Apple Inc a 2,29Nestle SA s 2,20Roche Holding AG Dividend... - 1,98Celgene Corp d 1,90 Samsung Electronics Co Ltd a 1,77The Priceline Group Inc t 1,54Visa Inc Class A y 1,49Allianz SE y 1,46Moody's Corporation y 1,29 Total Stock Holdings 186Total Bond Holdings 0Assets in Top 10 Holdings % 19,64


h Cyclical 41,43





Americas 61,98




Greater Asia 15,64


Operations

Fund Company Deutsche Asset

Management...Phone +49 (0) 69 - 910 - 12371Website www.dws.deInception Date 3 Jul 1961Fund Manager Andre KöttnerManager Start Date 1 Mar 2013NAV (1 Nov 2017) 1.033,14 EUR

Fund Size (mil) 4312,81 EURShare Class Size (mil) 4304,13 EURDomicile GermanyCurrency EURUCITS YesInc/Acc AccISIN DE0008474024

Annual Management Fee 1,45%Actual Front Load 5,00%Ongoing Charge (30 Oct 2017) 1,45%Fiscal Year End Month 30/ Sep



ß®

47



ß®


ESPA Best of World T


QQQ

Investment Objective ESPA BEST OF WORLD is a benchmark-oriented fund offunds that invests in global equity funds. The selectionof funds follows both qualitative and quantitativecriteria. A broad diversification of the investment stylesand an overall balanced risk-return ratio are ofsignificance for the weighting of the individual funds.The maximum weight of a fund stands at 20%. Foreignexchange can be hedged to a level of up to 20% of theentire volume of the fund.

10.0

12.5

15.0

17.5

20.0

22.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

12,53 18,88 17,38 11,38 7,73 7,27 Fund






7,2715,0411,3512,78

2,40



Risk Measures









Small

Mid




<25 25-50 50-75 >75


iShares Edge MSCI Wld Val Fctr... - 18,47Wellington Glbl Quality Gr S... - 17,58GS Glbl CORE Equity I USD... - 13,49MS INVF Global Opportunity Z - 11,89JPM Glbl Rsr Enh Idx Eq I perf... - 8,55 SPDR® MSCI World Small Cap ETF - 6,94UBS ETF MSCI World USD A dis - 5,73LOYS Sicav - LOYS Global... - 5,04GS Glbl Sm Cap Core Eq I Snap - 4,95Franklin Global Sm-Mid Cap Gr... - 4,79 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 97,43


h Cyclical 41,02





Americas 52,67




Greater Asia 20,99


Operations

Fund Company ERSTE-SPARINVEST...Phone +43 5010019881Website www.erste-am.comInception Date 21 May 2001Fund Manager Markus JandrisevitsManager Start Date 3 Apr 2002NAV (31 Oct 2017) 138,80 EUR


Annual Management Fee 1,44%Actual Front Load 4,00%Ongoing Charge (19 Jun 2017) -Fiscal Year End Month 31/ Mar

48



ß®


ESPA Best of World T ESPA Best of World T may make significant investments in investment funds (UCITS, UCI) within the meaning of Section 71 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

49


FTC Gideon I Fund T


-

Investment Objective FTC Gideon I is an equity fund focusing primarily ontechnology and systematic stock. The fund implementsa combination of a trend-following strategy and amarket-neutral overlay. A global and tactically wellpositioned base portfolio serves for substitution, oradditionally for supplementation of the equity exposure.The investment level is variable (long exposure between0 and 100%).

10.0

11.0

12.0

13.0

14.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

2,68 22,89 -5,36 1,76 3,52 11,27 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



11,2717,87

6,007,303,65



Risk Measures









Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Outokumpu Oyj r 0,75Teck Resources Ltd Class B r 0,71Werner Enterprises Inc p 0,69Micron Technology Inc a 0,69Deutsche Lufthansa AG p 0,68 Boliden AB r 0,68Humana Inc d 0,68Toho Zinc Co Ltd r 0,67Tosoh Corp r 0,67Ryder System Inc p 0,66 Total Stock Holdings 97Total Bond Holdings 0Assets in Top 10 Holdings % 6,88


h Cyclical 46,32





Americas 28,62




Greater Asia 36,00


Operations

Fund Company ERSTE-SPARINVEST...Phone +43 5010019881Website www.erste-am.comInception Date 16 Jan 2006Fund Manager Not DisclosedManager Start Date 16 Jan 2006NAV (31 Oct 2017) 14,71 EUR





ß®

50


Ecofin Index Aktien Global T


QQQ

Investment Objective N/A

10.0

12.0

14.0

16.0

18.0

20.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




8,2514,04

9,9412,31

0,82



Risk Measures




Portfolio 31 Dec 2016





Small

Mid




<25 25-50 50-75 >75


iShares S&P 500 USD Dist - 38,97iShares MDAX® (DE) - 8,85Comgest Growth Mid-Caps Europe... - 7,92iShares EURO STOXX Mid - 7,64ComStage FR EURO STOXX 50® ETF - 7,39 Fidelity Glb Mlt Asst Inc A... - 6,12Fidelity Patrimoine A Acc Euro - 4,55Deutsche Nomura Japan Growth LC - 4,23acumo A - 4,00Wealth Generation Fund T - 2,99 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 92,66


h Cyclical 38,06





Americas 49,01




Greater Asia 9,67


Operations

Fund Company Semper Constantia Invest...Phone +43 1 536 16-0Website www.semperconstantia.atInception Date 14 Nov 2000Fund Manager Not DisclosedManager Start Date 14 Nov 2000NAV (31 Oct 2017) 109,01 EUR


Annual Management Fee 0,68%Actual Front Load 5,00%Ongoing Charge (20 Mar 2017) -Fiscal Year End Month 30/ Jun



ß®

51


DWS Top Dividende LD


QQQQ

Investment Objective The investment fund’s investment objective is toachieve the highest possible appreciation of capitaland, in addition, a reasonable annual distribution ineuro. At least 70% of the investment fund’s assets mustbe invested in equities of domestic and foreigncompanies that can be expected to deliver an above-average dividend yield. The fund may additionallyacquire bank balances, money market instruments andinvestment fund units, as well as all the permittedassets specified in the Terms of Contract and the...

10.011.012.013.014.015.016.017.018.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




1,765,188,239,989,82



Risk Measures



Calculations use MSCI World High Dividend Yield NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Allianz SE y 4,05Unilever NV DR s 3,83Taiwan Semiconductor... a 3,71Novartis AG d 3,26Nippon Telegraph & Telephone... i 3,18 NextEra Energy Inc f 3,06Cisco Systems Inc a 3,04Pfizer Inc d 2,93PepsiCo Inc s 2,81Verizon Communications Inc i 2,36 Total Stock Holdings 51Total Bond Holdings 7Assets in Top 10 Holdings % 32,22


h Cyclical 18,80





Americas 47,94




Greater Asia 14,29


Operations

Fund Company Deutsche Asset

Management...Phone +49 (0) 69 - 910 - 12371Website www.dws.deInception Date 28 Apr 2003Fund Manager Thomas SchüsslerManager Start Date 5 Oct 2005NAV (1 Nov 2017) 123,67 EUR

Fund Size (mil) 19855,20 EURShare Class Size (mil) 18055,28 EURDomicile GermanyCurrency EURUCITS YesInc/Acc IncISIN DE0009848119




ß®

52


Fidelity Funds - Global Property Fund A-DIST-EUR


QQQ

Investment Objective The fund’s objective is to achieve a combination ofincome and long-term capital growth primarily frominvestments in securities of companies principallyengaged in the real estate industry and other real estaterelated investments. The aim of the fund is to provideinvestors with long-term capital growth from diversifiedand actively managed portfolios of securities. Unlessotherwise specified in the investment objective, theincome of the fund is expected to be low. The fund willinvest primarily (at least 70%...

10.0

12.0

14.0

16.0

18.0

20.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

22,71 -1,83 34,43 8,50 2,14 -3,08 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



-2,312,984,847,653,77



Risk Measures



Calculations use FTSE EPRA/NAREIT Global TR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Fidelity ILF - USD A Acc - 5,96Simon Property Group Inc u 4,37Welltower Inc u 4,09Deutsche Wohnen SE u 4,05American Homes 4 Rent Class A u 3,70 Sun Hung Kai Properties Ltd u 3,59Mitsui Fudosan Co Ltd u 3,37Mitsubishi Estate Co Ltd u 3,32Prologis Inc u 3,27Equity Residential u 3,24 Total Stock Holdings 41Total Bond Holdings 0Assets in Top 10 Holdings % 38,96


h Cyclical 100,00

r Basic Materials -t Consumer Cyclical -y Financial Services -u Real Estate 100,00 j Sensitive 0,00

i Communication Services -o Energy -p Industrials -a Technology - k Defensive 0,00

s Consumer Defensive -d Healthcare -f Utilities -


Americas 54,73




Greater Asia 27,62


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 5 Dec 2005Fund Manager Dirk PhilippaManager Start Date 1 Oct 2013NAV (1 Nov 2017) 13,93 EUR


Annual Management Fee 1,50%Actual Front Load 3,50%Ongoing Charge (04 Feb 2017) -Fiscal Year End Month 30/ Apr



ß®

53


Franklin India Fund A(acc)EUR


QQQQ

Investment Objective The Fund aims to achieve long-term capital appreciationby principally investing in equity securities ofcompanies of any size located or performing businesspredominately in India.

10.0

12.5

15.0

17.5

20.0

22.5

25.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




19,3512,0011,5414,5612,68



Risk Measures



Calculations use MSCI India NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


HDFC Bank Ltd y 9,46Yes Bank Ltd y 5,67Kotak Mahindra Bank Ltd y 5,04Infosys Ltd a 3,68UltraTech Cement Ltd r 3,68 Hindustan Unilever Ltd s 3,59Larsen & Toubro Ltd p 3,51State Bank of India y 3,32Axis Bank Ltd y 2,96Cummins India Ltd p 2,92 Total Stock Holdings 53Total Bond Holdings 0Assets in Top 10 Holdings % 43,84


h Cyclical 65,42





Americas 2,06


Greater Europe 0,00


Greater Asia 97,94


Operations

Fund Company Franklin Templeton...Phone +352 46 66 67 1Website www.franklintempleton.luInception Date 25 Oct 2005Fund Manager Stephen DoverManager Start Date 25 Oct 2005NAV (1 Nov 2017) 42,01 EUR


Annual Management Fee 1,00%Actual Front Load -Ongoing Charge (27 Jan 2017) 1,88%Fiscal Year End Month 30/ Jun



ß®

54


Fidelity Funds - Japan Fund A-DIST-JPY


QQ

Investment Objective The fund’s objective is to invest principally in Japaneseequity securities.

10.011.012.013.014.015.016.017.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




9,7610,51

9,6510,13

2,67



Risk Measures



Calculations use Topix TR JPY (where applicable)






Small

Mid


Large 20,54Medium 20,76Small 7,68Micro 0,51 Avg Mkt Cap 1223387 JPY


<25 25-50 50-75 >75


SMC Corp p 5,13SoftBank Group Corp i 4,19Keyence Corp a 3,51Recruit Holdings Co Ltd p 3,37Bridgestone Corp t 3,25 Suzuki Motor Corp t 3,17Nippon Telegraph & Telephone... i 3,13ORIX Corp y 3,07Tokio Marine Holdings Inc y 3,07Makita Corp p 2,99 Total Stock Holdings 94Total Bond Holdings 0Assets in Top 10 Holdings % 34,86


h Cyclical 39,10





Americas 0,00


Greater Europe 0,00


Greater Asia 100,00


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 1 Oct 1990Fund Manager Takuya FurutaManager Start Date 1 Sep 2017NAV (1 Nov 2017) 207,80 JPY

Fund Size (mil) 34213,23 JPYShare Class Size (mil) 25725,53 JPYDomicile LuxembourgCurrency JPYUCITS YesInc/Acc IncISIN LU0048585144

Annual Management Fee 1,50%Actual Front Load 5,25%Ongoing Charge (04 Feb 2017) 1,92%Fiscal Year End Month 30/ Apr



ß®

55


Fidelity Funds - Japan Smaller Companies Fund A-DIST-JPY


QQQQ

Investment Objective The fund’s objective is to invest principally in smallerand emerging companies in Japan, including thoselisted on regional stock exchanges in Japan and on theTokyo over-the-counter market. The aim of the fund isto provide investors with long-term capital growth fromdiversified and actively managed portfolios ofsecurities. Unless otherwise specified in the investmentobjective, the income of the fund is expected to be low.The fund will invest principally (at least 70% andnormally 75% in value) in equities...

10.0

12.5

15.0

17.5

20.0

22.5

25.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




24,2022,6017,6017,86

4,45



Risk Measures




Portfolio 30 Jun 2017





Small

Mid




<25 25-50 50-75 >75


Makita Corp p 4,21MISUMI Group Inc p 4,09Disco Corp a 3,96Suzuki Motor Corp t 3,44Shimadzu Corp a 3,12 Daifuku Co Ltd p 2,96Ryohin Keikaku Co Ltd t 2,95Otsuka Corp a 2,90Nippon Shinyaku Co Ltd d 2,89SMC Corp p 2,54 Total Stock Holdings 105Total Bond Holdings 0Assets in Top 10 Holdings % 33,07


h Cyclical 33,76





Americas 0,00


Greater Europe 0,00


Greater Asia 100,00


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 6 Dec 1991Fund Manager Jun TanoManager Start Date 1 Apr 2006NAV (1 Nov 2017) 2.536,00 JPY

Fund Size (mil) 16603,36 JPYShare Class Size (mil) 9055,14 JPYDomicile LuxembourgCurrency JPYUCITS YesInc/Acc IncISIN LU0048587603




ß®

56


BlackRock Global Funds - Japan Small & MidCap Opportunities Fund A2 USD


QQ

Investment Objective The Fund seeks to maximise total return. The Fundinvests at least 70% of its total assets in the equitysecurities of small and mid capitalisation companiesdomiciled in, or exercising the predominant part of theireconomic activity in, Japan. Small and midcapitalisation companies are considered companieswhich, at the time of purchase, form the bottom 30%by market capitalisation of Japanese stock markets.

10.0

12.5

15.0

17.5

20.0

22.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




15,8117,5514,3816,73

6,26



Risk Measures



Calculations use MSCI Japan Small Cap NR JPY (where applicable)






Small

Mid




<25 25-50 50-75 >75


PC Depot Corp a 1,84Matsumotokiyoshi Holdings Co Ltd s 1,74Showa Denko KK r 1,67Torikizoku Co Ltd t 1,63Persol Holdings Co Ltd p 1,62 SBI Holdings Inc y 1,62Taiheiyo Cement Corp r 1,58Fukuoka Financial Group Inc y 1,54Net One Systems Co Ltd a 1,54Mitsubishi Materials Corp r 1,54 Total Stock Holdings 102Total Bond Holdings 0Assets in Top 10 Holdings % 16,32


h Cyclical 45,38





Americas 0,00


Greater Europe 0,00


Greater Asia 100,00


Operations

Fund Company BlackRock (Luxembourg) SAPhone +44 20 77433000Website www.blackrock.comInception Date 13 May 1987Fund Manager Hiroki TakayamaManager Start Date 1 May 2014NAV (31 Oct 2017) 67,96 USD

Fund Size (mil) 96732,04 JPYShare Class Size (mil) 172,59 JPYDomicile LuxembourgCurrency USDUCITS YesInc/Acc AccISIN LU0006061252




ß®

57


Invesco Funds - Invesco Japanese Value Equity Fund A Accumulation JPY


QQQQ

Investment Objective The investment objective of the Fund is to seek longterm capital appreciation, measured in Yen, throughinvestment primarily in the equity securities ofcompanies domiciled in or exercising the predominantpart of their economic activity in Japan and which arelisted on any exchanges or over the counter markets.The Fund will invest in companies who makeadvantageous use not only of their capital but also oftheir intangible assets (for example, but not limited to,brand values, technical development or strong...

10.0

12.5

15.0

17.5

20.0

22.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




16,9118,1215,4916,44

3,35



Risk Measures









Small

Mid




<25 25-50 50-75 >75


Nidec Corp p 3,92Daifuku Co Ltd p 3,66Hitachi Ltd a 3,32Sekisui Chemical Co Ltd t 3,27YASKAWA Electric Corp a 3,17 Daikin Industries Ltd r 3,06ORIX Corp y 3,03Daiwa House Industry Co Ltd u 3,02OMRON Corp a 2,82Komatsu Ltd p 2,70 Total Stock Holdings 47Total Bond Holdings 0Assets in Top 10 Holdings % 31,97


h Cyclical 46,81





Americas 0,00


Greater Europe 0,00


Greater Asia 100,00


Operations


c...Inception Date 30 Sep 2011Fund Manager Daiji OzawaManager Start Date 3 Oct 2011NAV (1 Nov 2017) 1.633,00 JPY

Fund Size (mil) 100,85 JPYShare Class Size (mil) 3351,08 JPYDomicile LuxembourgCurrency JPYUCITS YesInc/Acc AccISIN LU0607515367

Annual Management Fee 1,40%Actual Front Load -Ongoing Charge (28 Sep 2017) 1,76%Fiscal Year End Month 28/ Feb



ß®

58


Invesco Funds - Invesco Nippon Small/Mid Cap Equity Fund A AnnualDistribution USD


QQQ

Investment Objective The objective of the Fund is to achieve long-term capitalgrowth by investing in small to medium sized Japanesecompanies and to a lesser extent in large Japanesecompanies. At least 70% of the Fund's total assets (afterdeducting ancillary liquid assets) will be invested inequity or equity-related securities of small or mid capJapanese companies. Up to 30% of the total assets ofthe Fund may be invested in cash and cash equivalents,money market instruments, equity and equity relatedinstruments issued by...

10.0

12.5

15.0

17.5

20.0

22.5

25.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

-7,74 56,95 -2,15 12,58 20,02 20,83 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



27,9223,0119,9820,5715,54


3 Years 72,705 Years 154,8410 Years -Since Inception 149,33

Risk Measures



Calculations use MSCI Japan Small Cap NR JPY (where applicable)






Small

Mid




<25 25-50 50-75 >75


Japan Material Co Ltd a 4,83PeptiDream Inc d 4,76Fullcast Holding Co Ltd p 4,35Topcon Corp d 3,27PC Depot Corp a 3,10 en-japan Inc p 3,05Gunosy Inc a 2,94NEXTAGE Co Ltd t 2,93GIKEN Ltd p 2,66Mitsui High-tec Inc a 2,57 Total Stock Holdings 54Total Bond Holdings 0Assets in Top 10 Holdings % 34,46


h Cyclical 25,07





Americas 0,00


Greater Europe 0,00


Greater Asia 100,00


Operations


c...Inception Date 7 Jul 2011Fund Manager Osamu TokunoManager Start Date 1 Oct 2003NAV (1 Nov 2017) 20,16 USD

Fund Size (mil) 119,51 JPYShare Class Size (mil) 40,14 JPYDomicile LuxembourgCurrency USDUCITS YesInc/Acc IncISIN LU0607522496

Annual Management Fee 1,50%Actual Front Load -Ongoing Charge (08 Jun 2017) 2,04%Fiscal Year End Month 28/ Feb



ß®

59


Invesco Funds Series 1 - Invesco Japanese Equity Fund A Annual DistributionUSD


QQQ

Investment Objective The objective of this Fund is to achieve long-term capitalgrowth by investing in the securities of Japanesecompanies. At least 70% of the Fund’s total assets(after deducting ancillary liquid assets) will be investedin equity or equity-related securities of (i) companieshaving their registered office in Japan, (ii) companieswith their registered office outside Japan carrying outtheir business activities predominantly in Japan, or (iii)holding companies, the interests of which arepredominantly invested in...

10.0

12.0

14.0

16.0

18.0

20.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




18,5419,0214,8615,59

5,01



Risk Measures









Small

Mid




<25 25-50 50-75 >75


Nidec Corp p 4,05Daifuku Co Ltd p 3,79Hitachi Ltd a 3,31Sekisui Chemical Co Ltd t 3,29YASKAWA Electric Corp a 3,20 ORIX Corp y 3,02Daiwa House Industry Co Ltd u 3,02Daikin Industries Ltd r 2,93Komatsu Ltd p 2,82OMRON Corp a 2,79 Total Stock Holdings 47Total Bond Holdings 0Assets in Top 10 Holdings % 32,21


h Cyclical 46,28





Americas 0,00


Greater Europe 0,00


Greater Asia 100,00


Operations

Fund Company Invesco Global Asset...Phone +49 (0)69 29 807 800Website www.de.invesco.comInception Date 13 Jan 1993Fund Manager Daiji OzawaManager Start Date 31 Dec 2010NAV (1 Nov 2017) 25,64 USD

Fund Size (mil) 36,71 USDShare Class Size (mil) 33,69 USDDomicile IrelandCurrency USDUCITS YesInc/Acc IncISIN IE0000939706

Annual Management Fee 1,50%Actual Front Load -Ongoing Charge (15 Feb 2017) 2,10%Fiscal Year End Month 30/ Nov



ß®

60


Fidelity Funds - Latin America Fund A-DIST-USD


QQQQ

Investment Objective The fund’s objective is to invest principally in securitiesof Latin American issuers. The aim of the fund is toprovide investors with long-term capital growth fromdiversified and actively managed portfolios ofsecurities. Unless otherwise specified in the investmentobjective, the income of the fund is expected to be low.The fund will invest principally (at least 70% andnormally 75% in value) in equities in the markets andsectors reflected in the name of the fund and incompanies established outside those...

7.0

8.0

9.0

10.0

11.0

12.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




14,419,790,86

-0,676,27


3 Years 2,605 Years -3,3310 Years 6,47Since Inception 317,41

Risk Measures



Calculations use MSCI EM Latin America NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Itau Unibanco Holding SA ADR y 9,18Ambev SA ADR s 6,90Fomento Economico Mexicano SAB... s 6,67B3 SA - Brasil Bolsa Balcao y 5,78Lojas Renner SA t 5,04 Itausa Investimentos ITAU SA - 4,38Grupo Financiero Banorte SAB... y 4,27Credicorp Ltd y 4,23Grupo Mexico SAB de CV r 3,34Banco do Brasil SA BB Brasil y 3,26 Total Stock Holdings 48Total Bond Holdings 0Assets in Top 10 Holdings % 53,05


h Cyclical 60,32





Americas 99,81


Greater Europe 0,19


Greater Asia 0,00


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 9 May 1994Fund Manager Angel OrtizManager Start Date 1 Apr 2009NAV (1 Nov 2017) 35,41 USD





ß®

61



ß®


RT Österreich Aktienfonds T


QQ

Investment Objective RT Österreich Aktienfonds is an equity fund orientedtowards long-term asset growth that invests exclusivelyin Austrian stocks. Although the fund has a benchmark(ATX Prime index), its composition can considerably varyfrom the index at certain stages. Fund managementpursues an active investment approach that is orientedby a top-down approach.

10.011.012.013.014.015.016.017.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

23,47 3,98 -11,47 12,28 6,01 24,80 Fund






24,8031,1915,25

8,060,90



Risk Measures



Calculations use MSCI Austria NR EUR (where applicable)






Small

Mid




<25 25-50 50-75 >75


voestalpine AG r 9,51Erste Group Bank AG. y 9,27Immofinanz AG u 7,29Andritz AG p 6,22CA Immobilien Anlagen AG... u 4,92 Raiffeisen Bank International AG y 4,86Omv AG o 4,85BUWOG AG u 4,79Wienerberger AG r 4,75Lenzing AG r 4,02 Total Stock Holdings 35Total Bond Holdings 0Assets in Top 10 Holdings % 60,49


h Cyclical 67,22



s Consumer Defensive 1,05d Healthcare -f Utilities 0,19


Americas 0,00




Greater Asia 0,00


Operations

Fund Company Erste Asset Management

GmbHPhone +43 (0) 50100 - 19777Website www.erste-am.comInception Date 1 Sep 2005Fund Manager Bernhard RuttenstorferManager Start Date 20 Jul 2015NAV (31 Oct 2017) 10,96 EUR



62



ß®


RT Österreich Aktienfonds T RT Österreich Aktienfonds T may have increased volatility due to the composition of its portfolio; i.e., the unit value can fluctuate significantly both upwards and downwards within short periods of time.

RT Österreich Aktienfonds T may make significant investments in demand deposits or time deposits with a maximum maturity of 12 months within the meaning of Section 72 of the 2011 Austrian Investment Fund Act(Investmentfondsgesetz 2011).

RT Österreich Aktienfonds T may make significant investments in derivatives (including swaps and other OTC derivatives) within the meaning of Section 73 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

63



ß®


RT Zukunftsvorsorge Aktienfonds T


QQ

Investment Objective RT Zukunftsvorsorge Aktienfonds invests, incompliance with the statutory investment limitationsand guidelines, in shares of Austrian companies whichare listed in Vienna. Due to the investment limits, areplication of the Vienna ATX is only possible undercertain circumstances. However, this task is pursuedand achieved in approximated terms – investments inattractive Viennese minor stocks holisticallysupplement the portfolio of the fund. The fund iscurrently invested with 3.6 % in Ringturm Osteuropa...

10.011.012.013.014.015.016.017.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

23,73 4,36 -11,49 9,44 6,73 24,61 Fund






24,6130,7513,81

7,895,30



Risk Measures



Calculations use MSCI Austria NR EUR (where applicable)






Small

Mid




<25 25-50 50-75 >75


RT Österreich Aktienfonds T - 44,94Raiffeisen Bank International AG y 5,35Erste Group Bank AG. y 5,04voestalpine AG r 4,99Immofinanz AG u 4,43 Andritz AG p 3,49Omv AG o 3,09RT Osteuropa Aktienfonds T - 2,78Wienerberger AG r 2,52BUWOG AG u 2,47 Total Stock Holdings 33Total Bond Holdings 0Assets in Top 10 Holdings % 79,08


h Cyclical 67,60





Americas 0,00




Greater Asia 0,00


Operations


GmbHPhone +43 (0) 50100 - 19777Website www.erste-am.comInception Date 27 Dec 2002Fund Manager Bernhard RuttenstorferManager Start Date 20 May 2015NAV (31 Oct 2017) 20,96 EUR



64



ß®


RT Zukunftsvorsorge Aktienfonds T RT Zukunftsvorsorge Aktienfonds T may have increased volatility due to the composition of its portfolio; i.e., the unit value can fluctuate significantly both upwards and downwards within short periods of time.

RT Zukunftsvorsorge Aktienfonds T may make significant investments in derivatives (including swaps and other OTC derivatives) within the meaning of Section 73 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz2011).

RT Zukunftsvorsorge Aktienfonds T may make significant investments in investment funds (UCITS, UCI) within the meaning of Section 71 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

65



ß®


RT Osteuropa Aktienfonds T


QQQ

Investment Objective RT Osteuropa Aktienfonds is an equity fund orientedtowards long-term asset growth. The strategy of thefund focuses on stocks of companies from the region ofCentral Europe and covers the markets of the new EUmembers and EU candidate countries.

10.0

11.0

12.0

13.0

14.0

15.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

23,58 -3,66 -4,45 -2,28 5,59 25,14 Fund






25,1429,12

7,104,841,24



Risk Measures








Small

Mid




<25 25-50 50-75 >75


Polski Koncern Naftowy ORLEN SA o 6,69PKO Bank Polski SA y 6,07Powszechny Zaklad Ubezpieczen SA y 5,69OTP Bank PLC y 5,13KGHM Polska Miedz SA r 4,77 Mol Hungarian Oil o 4,60Bank Pekao SA y 3,92Erste Group Bank AG. y 3,58Chemical Works of Gedeon... d 3,50CEZ a.s f 3,21 Total Stock Holdings 55Total Bond Holdings 0Assets in Top 10 Holdings % 47,18


h Cyclical 51,74





Americas 0,00




Greater Asia 0,00


Operations


GmbHPhone +43 (0) 50100 - 19777Website www.erste-am.comInception Date 15 Sep 2004Fund Manager Crina-Amalia RipflManager Start Date 1 Jan 2012NAV (31 Oct 2017) 11,35 EUR


Annual Management Fee 2,04%Actual Front Load 4,00%Ongoing Charge (14 Jul 2017) 2,15%Fiscal Year End Month 31/ Aug

66



ß®


RT Osteuropa Aktienfonds T RT Osteuropa Aktienfonds T may have increased volatility due to the composition of its portfolio; i.e., the unit value can fluctuate significantly both upwards and downwards within short periods of time.

RT Osteuropa Aktienfonds T may make significant investments in demand deposits or time deposits with a maximum maturity of 12 months within the meaning of Section 72 of the 2011 Austrian Investment Fund Act(Investmentfondsgesetz 2011).

RT Osteuropa Aktienfonds T may make significant investments in derivatives (including swaps and other OTC derivatives) within the meaning of Section 73 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

67


Fidelity Funds - Pacific Fund A-DIST-USD


QQQQ

Investment Objective The fund’s objective is to invest principally in an activelymanaged portfolio of equities in countries having apacific sea coast, primarily Japan, south East Asia andthe United States of America. The aim of the fund is toprovide investors with long-term capital growth fromdiversified and actively managed portfolios ofsecurities. Unless otherwise specified in the investmentobjective, the income of the fund is expected to be low.The fund will invest principally (at least 70% andnormally 75% in value) in...

10.0

12.5

15.0

17.5

20.0

22.5

25.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




15,8413,7311,8514,99

5,59



Risk Measures



Calculations use MSCI AC Asia Pacific NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Tencent Holdings... - 3,30Alibaba Group Holding Ltd ADR t 2,73SoftBank Group Corp i 2,56ORIX Corp y 2,28China Pacific Insurance... y 1,47 Hutchison China Meditech Ltd d 1,31Koh Young Technology Inc a 1,2058.com Inc ADR repr Class A a 1,07GMO internet Inc i 0,94Starpharma Holdings Ltd d 0,93 Total Stock Holdings 229Total Bond Holdings 0Assets in Top 10 Holdings % 17,80


h Cyclical 45,24





Americas 1,13


Greater Europe 1,67


Greater Asia 97,20


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 10 Jan 1994Fund Manager Dale NichollsManager Start Date 1 Sep 2003NAV (1 Nov 2017) 37,24 USD


Annual Management Fee 1,50%Actual Front Load 5,25%Ongoing Charge (17 Oct 2017) 1,91%Fiscal Year End Month 30/ Apr



ß®

68



ß®


RT VIF Versicherung International Fonds T


QQQQ

Investment Objective RT VIF Versicherung International Fund invests in themost important and most promising insurancecompanies worldwide, where more than 50% of theissuers are American and approximately 35% European.The currencies are not hedged against the euro.However, this possibility is present in the form of atemporary tactical measure. The fund is best suited asan addition to an existing equity portfolio and isintended for long-term asset growth.

10.0

12.5

15.0

17.5

20.0

22.5

25.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

17,01 27,20 17,17 14,25 8,00 6,62 Fund






6,6218,1712,9315,02

2,41



Risk Measures



Calculations use MSCI World/Financials NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Allianz SE y 9,00AIA Group Ltd y 7,83Prudential PLC y 5,16Chubb Ltd y 5,05American International Group Inc y 4,83 AXA SA y 4,22Zurich Insurance Group AG y 3,92MetLife Inc y 3,43Marsh & McLennan Companies Inc y 3,39Aon PLC y 3,02 Total Stock Holdings 50Total Bond Holdings 0Assets in Top 10 Holdings % 49,85


h Cyclical 100,00

r Basic Materials -t Consumer Cyclical -y Financial Services 100,00u Real Estate - j Sensitive 0,00




Americas 42,77




Greater Asia 14,23


Operations


GmbHPhone +43 (0) 50100 - 19777Website www.erste-am.comInception Date 22 Jul 1998Fund Manager Peter SzopoManager Start Date 20 Jul 2015NAV (31 Oct 2017) 122,43 EUR



69



ß®


RT VIF Versicherung International Fonds T RT VIF Versicherung Intl Fds T may have increased volatility due to the composition of its portfolio; i.e., the unit value can fluctuate significantly both upwards and downwards within short periods of time.

RT VIF Versicherung Intl Fds T may make significant investments in derivatives (including swaps and other OTC derivatives) within the meaning of Section 73 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

70


Schoellerbank Global Health Care T


QQQ

Investment Objective Invests exclusively in equity funds with a focus onpharmaceutical/healthcare shares. Selection of fundsin accordance with the Schoellerbank fund rating. Fundswith different investment styles are put together (multi-manager approach). This reduces the risk while at thesame time optimising earnings for fund of funds.

10.012.515.017.520.022.525.027.5

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




4,839,565,55

14,092,88



Risk Measures



Calculations use MSCI World/Health Care NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


BGF World Healthscience D2 - 16,55AB SICAV I International HC A... - 15,93UBS (Lux) EF Health Care (USD)... - 15,92GAM Multistock Health Innovt... - 14,03JPM Global Healthcare A (acc)... - 11,12 Polar Capital Biotechnology I... - 9,37AXAWF Fram Health F Cap EUR - 7,95Candriam Eqs L Biotech C USD Cap - 5,40 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 96,27


h Cyclical 1,73


i Communication Services -o Energy -p Industrials 0,19a Technology 1,39 k Defensive 96,70



Americas 81,15




Greater Asia 2,47


Operations






ß®

71


BlackRock Global Funds - World Mining Fund A2 (EUR)


QQ

Investment Objective The World Mining Fund seeks to maximise total return.The Fund invests globally at least 70% of its total assetsin the equity securities of mining and metals companieswhose predominant economic activity is the productionof base metals and industrial minerals such as iron oreand coal. The Fund may also hold the equity securitiesof companies whose predominant economic activity isin gold or other precious metal or mineral mining. TheFund does not hold physical gold or metal.

4.05.06.07.08.09.010.011.012.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

-4,85 -27,07 -12,64 -34,66 57,18 7,79 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



7,7914,42

1,92-6,84

-


3 Years 5,865 Years -29,8110 Years -53,57Since Inception -

Risk Measures



Calculations use S&P Global Natural Resources TR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Glencore PLC r 10,32Rio Tinto PLC r 9,76BHP Billiton PLC r 9,29Vale SA ADR r 8,34First Quantum Minerals Ltd r 4,58 Newmont Mining Corp r 4,48South32 Ltd r 4,41Teck Resources Ltd Class B r 4,10Randgold Resources Ltd ADR r 3,68Lundin Mining Corp r 3,10 Total Stock Holdings 50Total Bond Holdings 1Assets in Top 10 Holdings % 62,06


h Cyclical 100,00

r Basic Materials 98,32t Consumer Cyclical -y Financial Services 1,68u Real Estate - j Sensitive 0,00




Americas 46,83




Greater Asia 12,59


Operations

Fund Company BlackRock (Luxembourg) SAPhone +44 20 77433000Website www.blackrock.comInception Date 24 Mar 1997Fund Manager Evy HambroManager Start Date 24 Mar 1997NAV (31 Oct 2017) 31,97 EUR


Annual Management Fee 1,75%Actual Front Load 5,00%Ongoing Charge (20 Apr 2017) 2,07%Fiscal Year End Month 31/ Aug



ß®

72


BNP Paribas Islamic Fund Equity Optimiser Classic-Cap


QQQ

Investment Objective To seek medium to long term capital gain by investingin a basket of equities (the “Selection”) selected fromthe components of the Dow Jones Islamic MarketTitans 100 Index1 (“the Base Index”). The Selection isobjectively and systematically selected from the BaseIndex components according to the highest dividendyield, and is considered to be in compliance with Islamicprinciples. The Selection is rebalanced annually. TheSub-fund may keep up to 5% of its total assets, at anytime, in a non-remunerated cash...

10.0

11.0

12.0

13.0

14.0

15.0

16.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




5,6612,15

6,958,105,97



Risk Measures



Calculations use DJ Islamic World TR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Spirit AeroSystems Holdings Inc p 1,59Ansys Inc a 1,55Gartner Inc A a 1,51VF Corp t 1,51McDonald's Corp t 1,51 Intuit Inc a 1,47Amphenol Corp Class A a 1,47Johnson & Johnson d 1,45Delta Air Lines Inc p 1,41Symrise AG r 1,40 Total Stock Holdings 127Total Bond Holdings 0Assets in Top 10 Holdings % 14,86


h Cyclical 28,77





Americas 68,68




Greater Asia 11,04


Operations

Fund Company BNP Paribas Asset...Phone +352 2646 3017Website www.bnpparibas-am.comInception Date 5 Apr 2006Fund Manager Wadii El MoujilManager Start Date 21 May 2015NAV (30 Oct 2017) 1.854,05 USD


Annual Management Fee 1,50%Actual Front Load 5,00%Ongoing Charge (30 Jun 2017) 2,02%Fiscal Year End Month 31/ Dec



ß®

73


BlackRock Global Funds - World Energy Fund A2 (EUR)


QQQ

Investment Objective The World Energy Fund seeks to maximise total return.The Fund invests globally at least 70% of its total assetsin the equity securities of companies whosepredominant economic activity is in the exploration,development, production and distribution of energy.

8.0

9.0

10.0

11.0

12.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

-9,35 12,12 -3,88 -21,91 31,61 -16,27 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



-16,27-3,49-7,00-2,421,77


3 Years -19,575 Years -11,5110 Years -30,15Since Inception 33,69

Risk Measures



Calculations use MSCI World/Energy NR USD (where applicable)






Small

Mid




<25 25-50 50-75 >75


Royal Dutch Shell PLC Class A o 9,86Chevron Corp o 7,89BP PLC o 6,51ConocoPhillips o 5,66EOG Resources Inc o 5,35 Exxon Mobil Corp o 4,61Halliburton Co o 3,99TransCanada Corp o 3,86Pioneer Natural Resources Co o 3,73Cimarex Energy Co o 3,47 Total Stock Holdings 33Total Bond Holdings 0Assets in Top 10 Holdings % 54,93


h Cyclical 0,00

r Basic Materials -t Consumer Cyclical -y Financial Services -u Real Estate - j Sensitive 100,00

i Communication Services -o Energy 100,00p Industrials -a Technology - k Defensive 0,00



Americas 77,99




Greater Asia 1,38


Operations

Fund Company BlackRock (Luxembourg) SAPhone +44 20 77433000Website www.blackrock.comInception Date 6 Apr 2001Fund Manager Alastair BishopManager Start Date 2 Nov 2015NAV (31 Oct 2017) 14,92 EUR





ß®

74


BlackRock Global Funds - World Gold A2 EUR


-

Investment Objective The World Gold Fund seeks to maximise total return.The Fund invests globally at least 70% of its total assetsin the equity securities of companies whosepredominant economic activity is gold-mining. It mayalso invest in the equity securities of companies whosepredominant economic activity is other precious metalor mineral and base metal or mineral mining. The Funddoes not hold physical gold or metal.

7.5

10.0

12.5

15.0

17.5Growth Of 10000

(EUR)

Fund

2007 2008 2009 2010 2011 03/12 Performance

19,98 -31,11 44,37 45,86 -15,27 -5,11 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.

Trailing Returns (30 Mar 2012) Return %


-5,11-11,4613,10

7,1017,78

Trailing Returns cum. (30 Mar 2012) Return %


Risk Measures



Calculations use Euromoney Global Gold TR (where applicable)






Small

Mid




<25 25-50 50-75 >75


Randgold Resources Ltd ADR r 9,75Newcrest Mining Ltd r 9,51Agnico Eagle Mines Ltd r 7,97Newmont Mining Corp r 6,31Franco-Nevada Corp r 5,23 Kinross Gold Corp r 4,03Centerra Gold Inc r 3,72Wheaton Precious Metals Corp r 3,62Northern Star Resources Ltd r 3,59Fresnillo PLC r 3,55 Total Stock Holdings 47Total Bond Holdings 0Assets in Top 10 Holdings % 57,26


h Cyclical 100,00

r Basic Materials 100,00t Consumer Cyclical -y Financial Services -u Real Estate - j Sensitive 0,00




Americas 62,50




Greater Asia 14,00


Operations

Fund Company BlackRock (Luxembourg) SAPhone +44 20 77433000Website www.blackrock.comInception Date 6 Apr 2001Fund Manager Thomas HollManager Start Date 1 Jul 2015NAV (30 Mar 2012) 40,48 EUR





ß®

75


Fidelity Funds - Global Consumer Industries Fund A-DIST-EUR


QQQQ

Investment Objective The fund’s objective is to achieve long term capitalgrowth. It invests in the shares of companies (equities)from around the world. It invests primarily in companieswhich are involved in the manufacture and distributionof goods to consumers. The fund may use derivativesfor the purposes of efficient portfolio management,which may include hedging.

10.0

12.5

15.0

17.5

20.0

22.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




12,4814,2412,1913,52

5,79



Risk Measures



Calculations use Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR (where

applicable)






Small

Mid




<25 25-50 50-75 >75


Amazon.com Inc t 5,15LVMH Moet Hennessy Louis... t 5,06Nestle SA s 4,47Colgate-Palmolive Co s 4,20Philip Morris International Inc s 3,69 L'Oreal SA s 3,66Kering SA t 3,47Comcast Corp Class A i 3,25The Estee Lauder Companies Inc... s 3,22Industria De Diseno Textil SA t 3,03 Total Stock Holdings 62Total Bond Holdings 0Assets in Top 10 Holdings % 39,20


h Cyclical 46,35

r Basic Materials -t Consumer Cyclical 46,35y Financial Services -u Real Estate - j Sensitive 13,73

i Communication Services 3,26o Energy -p Industrials -a Technology 10,46 k Defensive 39,93

s Consumer Defensive 39,93d Healthcare -f Utilities -


Americas 46,86




Greater Asia 15,67


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 1 Sep 2000Fund Manager Aneta WynimkoManager Start Date 2 Feb 2015NAV (1 Nov 2017) 52,38 EUR





ß®

76


Pictet-Water P EUR


QQQQ

Investment Objective The fund aims to invest in equities issued by companiesoperating in the water and air sector worldwide. Thecompartments invest in depository receipts, namelyADR, GDR and EDR. The Compartment may invest up to30% of its net assets in China A Shares through (i) theQFII quota granted to an entity of the Pictet Group, (ii)the RQFII quota granted to an entity of the Pictet Group(iii) the Shanghai-Hong Kong Stock Connectprogramme, (iv) the Shenzhen-Hong Kong StockConnect programme, and/or (v) any similar...

10.0

12.5

15.0

17.5

20.0

22.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




9,6214,0210,6812,79

6,36



Risk Measures



Calculations use S&P Global Water TR (where applicable)






Small

Mid




<25 25-50 50-75 >75


Xylem Inc p 3,97Danaher Corp d 3,81American Water Works Co Inc f 3,61Veolia Environnement SA p 3,61Suez SA f 3,61 Pentair PLC p 3,38Waste Connections Inc p 3,01Severn Trent PLC f 2,94Thermo Fisher Scientific Inc d 2,75Aqua America Inc f 2,26 Total Stock Holdings 61Total Bond Holdings 0Assets in Top 10 Holdings % 32,96


h Cyclical 11,20

r Basic Materials 8,34t Consumer Cyclical 2,86y Financial Services -u Real Estate - j Sensitive 53,23


s Consumer Defensive -d Healthcare 10,57f Utilities 25,01


Americas 60,35




Greater Asia 12,79


Operations

Fund Company Pictet Asset

Management...Phone +49 69 79 500 90Website www.assetmanagement.pi

...Inception Date 19 Jan 2000Fund Manager Hans PortnerManager Start Date 1 May 2001NAV (31 Oct 2017) 299,29 EUR


Annual Management Fee 2,40%Actual Front Load 5,00%Ongoing Charge (31 Jul 2017) 2,02%Fiscal Year End Month 30/ Sep



ß®

77


Pictet-Global Megatrend Selection P EUR


QQQQ

Investment Objective The subfund will pursue a strategy of capital growth byinvesting at least two thirds of its total assets in equitiesof companies that can benefit from global megatrends,i.e. market trends resulting from sustainable andsecular changes in economic and social factors. Theinvestment universe is not limited to a specificgeographical area. The Compartment may invest up to30% of its net assets in China A Shares through (i) theQFII quota granted to an entity of the Pictet Group, (ii)the RQFII quota granted to an...

10.0

12.5

15.0

17.5

20.0

22.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




13,6218,6410,3913,8412,69



Risk Measures









Small

Mid


Large 34,06Medium 34,35Small 6,36Micro 1,59 Avg Mkt Cap 13893 GBP


<25 25-50 50-75 >75


Thermo Fisher Scientific Inc d 1,20Equinix Inc u 0,82Apple Inc a 0,76Nidec Corp p 0,70Weyerhaeuser Co r 0,69 Keyence Corp a 0,68Danone SA s 0,66The Priceline Group Inc t 0,66Celgene Corp d 0,63Deere & Co p 0,63 Total Stock Holdings 459Total Bond Holdings 0Assets in Top 10 Holdings % 7,44


h Cyclical 28,63





Americas 62,11




Greater Asia 13,41


Operations

Fund Company Pictet Asset

Management...Phone +49 69 79 500 90Website www.assetmanagement.pi

...Inception Date 31 Oct 2008Fund Manager Hans PortnerManager Start Date 31 Oct 2008NAV (31 Oct 2017) 227,89 EUR

Fund Size (mil) 5611,87 GBPShare Class Size (mil) 745,52 GBPDomicile LuxembourgCurrency EURUCITS YesInc/Acc AccISIN LU0386882277




ß®

78


Invesco Funds Series 2 - Invesco Emerging Markets Bond Fund A Semi-annualDistribution USD


QQQQ

Investment Objective The objective of the Fund is to achieve a high incomeyield and long-term capital appreciation by investing indebt securities and loan instruments of issuers inemerging market countries. 10.0

11.012.013.014.015.016.017.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




0,592,348,716,647,89



Risk Measures



Calculations use JPM EMBI Global TR USD (where applicable)




Morningstar Fixed Income Style Box™


LowM

edHighCredit Q

ualityEffective Duration(Y)

-

Effective Maturity(Y)

-

Avg Credit Quality -Modified Duration(Y)

-

Credit Quality

Top 10 Holdings % Port.

Invesco STIC US Dollar Liquidity Glb$ 3,17Sri Lanka Govt Democratic 6.2%2027-05-11 1,71Petrobras Glbl Fin B V 7.25%2044-03-17 1,71Ministry Fin Ukraine 7.75%2021-09-01 1,69Petroleos Mexicanos 6.5%2041-06-02 1,58 African Export Import Bk 4.125%2024-06-20 1,55Lebanese Republic 8.25%2021-04-12 1,47Kazagro Natl Mgmt Hldg Jsc... 1,39South Africa Rep 5.875%2025-09-16 1,37Petrobras Glob Fin 5.999%2028-01-27 1,23 Total Stock Holdings 0Total Bond Holdings 214Assets in Top 10 Holdings % 16,86

Maturity Range %

1 to 3 1,663 to 5 10,555 to 7 21,657 to 10 36,5510 to 15 7,7215 to 20 4,6820 to 30 15,27Over 30 1,89

Coupon Range %

0 PIK 0,640 to 4 1,894 to 6 41,826 to 8 44,228 to 10 10,1910 to 12 0,82Over 12 0,42

Operations

Fund Company Invesco Global Asset...Phone +49 (0)69 29 807 800Website www.de.invesco.comInception Date 10 Mar 2000Fund Manager Michael HymanManager Start Date 13 Oct 2016NAV (1 Nov 2017) 22,77 USD

Fund Size (mil) 327,08 USDShare Class Size (mil) 55,41 USDDomicile IrelandCurrency USDUCITS YesInc/Acc IncISIN IE0001673817

Annual Management Fee 1,00%Actual Front Load -Ongoing Charge (15 Feb 2017) 1,27%Fiscal Year End Month 30/ Nov



ß®

79


Morgan Stanley Investment Funds - Emerging Markets Debt Fund A


QQQ

Investment Objective The Emerging Markets Debt Fund’s investmentobjective is to seek to maximise total return, measuredin US Dollars, primarily through investment in the debtsecurities of government and government-relatedissuers located in emerging countries (including, to theextent these instruments are securitised, participationsin loans between governments and financialinstitutions), and to the extent such securities complywith Article 41(1) of the 2010 Law, the Fund may investin debt securities of entities organised to...

10.0

11.0

12.0

13.0

14.0

15.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




-0,96-0,016,344,327,35



Risk Measures



Calculations use JPM EMBI Global TR USD (where applicable)






LowM

edHighCredit Q


6,65


10,50

Avg Credit Quality BBModified Duration(Y)

6,62

Credit Quality % %

AAA 4,69 BBB 35,31AA 0,00 BB 25,21A 3,86 B 16,91

Below B 3,74Not Rated 10,28


Russian Fedn 4.5%2022-04-04 5,61Petroleos De Venezuela Sa 6%2026-11-15 2,10Ministry Fin Ukraine 7.75%2023-09-01 1,97Brazil Federative Rep 6%2026-04-07 1,84Philippines Rep 9.5%2030-02-02 1,82 Petroleos Mexicanos Mtn Reg S... 1,66Indonesia Rep 4.75%2026-01-08 1,65Republic Of Turkey 3.25%2023-03-23 1,59Indonesia Rep 5.875%2024-01-15 1,53Ministry Fin Ukraine 7.75%2026-09-01 1,51 Total Stock Holdings 1Total Bond Holdings 130Assets in Top 10 Holdings % 21,28

Maturity Range %


Coupon Range %


Operations

Fund Company Morgan Stanley

Investment...Phone +(44 20) 7425 8000Website www.morganstanley.comInception Date 1 Feb 1997Fund Manager Eric BaurmeisterManager Start Date 30 Aug 1996NAV (31 Oct 2017) 89,29 USD


Annual Management Fee 1,40%Actual Front Load 5,75%Ongoing Charge (20 Apr 2017) 1,68%Fiscal Year End Month 31/ Dec



ß®

80


Schoellerbank Anleihefonds T


QQQ

Investment Objective Invests mainly in international fixed-interest securities.

10.010.310.510.811.011.311.511.8

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




-0,12-0,330,861,603,24



Risk Measures



Calculations use BBgBarc Euro Agg Bond TR EUR (where applicable)






LowM

edHighCredit Q

uality

Effective Duration(Y)

4,09


3,84

Avg Credit Quality AAModified Duration(Y)

3,85

Credit Quality % %

AAA 18,70 BBB 0,00AA 67,33 BB 0,00A 13,97 B 0,00



France(Govt Of) 3.25%2021-10-25 13,93Austria Rep 3.65%2022-04-20 11,82Austria(Rep Of) 1.2%2025-10-20 11,66Crh Cse Refin Hab 3.9%2021-01-18 5,18Agence Franc Dev 1.375%2024-09-17 4,51 Austria(Rep Of) 3.5%2021-09-15 4,21Euro Inv Bk 4.5%2025-10-15 4,05Autobahn & Schnell 4.375%2019-07-08 3,80Cse D'Amort Dette 3.75%2020-10-25 3,77Caisse Francaise 4.5%2017-11-13 3,67 Total Stock Holdings 0Total Bond Holdings 20Assets in Top 10 Holdings % 66,60

Maturity Range %


Coupon Range %


Operations

Fund Company Schoellerbank Invest AGPhone +43 662 885511-2650Website www.schoellerbank.atInception Date 22 Mar 1999Fund Manager Not DisclosedManager Start Date 3 Sep 1992NAV (31 Oct 2017) 124,52 EUR





ß®

81


Schoellerbank Euro Alternativ T


QQQ

Investment Objective Invests in securities in currencies outside EEC, mainlyDollar, Swiss Franc and Japanese Yen but also BritishPounds. 10.0

10.5

11.0

11.5

12.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




-6,93-5,341,361,074,11



Risk Measures



Calculations use BBgBarc Global Aggregate TR USD (where applicable)






LowM

edHighCredit Q

uality


2,36


2,27


2,29

Credit Quality % %

AAA 81,98 BBB 2,88AA 15,14 BB 0,00A 0,00 B 0,00



US Treasury Note 1%2018-09-15 6,50US Treasury Note 1.25%2019-10-31 6,49US Treasury Note 1.125%2019-05-31 6,49US Treasury Note 1.625%2022-08-15 6,44US Treasury Note 0.875%2019-09-15 6,12 Sweden(Kingdom Of) 1.5%2023-11-13 4,30Australia(Cmnwlth) 2.75%2019-10-21 3,24Canada Govt 2.75%2022-06-01 3,00Canada Govt 1.25%2018-09-01 2,87Canada Govt 0.75%2020-09-01 2,87 Total Stock Holdings 0Total Bond Holdings 31Assets in Top 10 Holdings % 48,32

Maturity Range %


Coupon Range %


Operations






ß®

82


Schoellerbank Zinsstruktur Plus T


QQ

Investment Objective Investment in structured fixed income products and/orother quality euro-denominated bonds according to theSchoellerbank BondRating and Schoellerbank analysesfor structured products. The fund targest an attractivereturn taking into account capital security and liquidityof the fund assets. The fund performance dependslargely on the price development of the acquiredstructured products and the respective marketanomalies.

10.0

10.3

10.5

10.8

11.0

11.3Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




-1,14-0,86-0,310,622,43


3 Years -0,925 Years 3,1210 Years 35,78Since Inception 33,90

Risk Measures


3-Yr Sharpe Ratio -0,083-Yr Std Dev 0,88KIID SRRI 2







LowM

edHighCredit Q


2,51


2,11

Avg Credit Quality AModified Duration(Y)

2,10

Credit Quality % %

AAA 10,00 BBB 23,32AA 40,34 BB 0,00A 26,34 B 0,00



Bnp Paribas 15/21 Zo Mtn 7,01France(Govt Of) 1%2018-11-25 5,72Belgium(Kingdom) 3%2019-09-28 5,02Austria(Rep Of) 3.5%2021-09-15 4,86Sg Issuer 15/25 Zo Mtn 4,82 France(Govt Of) 1%2019-05-25 4,81Belgium(Kingdom) 2.25%2023-06-22 4,77Netherlands (Kingdom of) 1.25%2018-01-15 4,71Uc-Hvb Cln 18 Raw 4,69Dt.Bk.Eo/Dl Mtn 15/25 4,35 Total Stock Holdings 0Total Bond Holdings 24Assets in Top 10 Holdings % 50,76

Maturity Range %


Coupon Range %


Operations

Fund Company Schoellerbank Invest AGPhone +43 662 885511-2650Website www.schoellerbank.atInception Date 1 Sep 2005Fund Manager Not DisclosedManager Start Date 1 Sep 2005NAV (31 Oct 2017) 127,07 EUR





ß®

83


Schoellerbank Zinsstruktur Plus A


QQ

Investment Objective Investment in structured fixed income products and/orother quality euro-denominated bonds according to theSchoellerbank BondRating and Schoellerbank analysesfor structured products. The fund targest an attractivereturn taking into account capital security and liquidityof the fund assets. The fund performance dependslargely on the price development of the acquiredstructured products and the respective marketanomalies.

10.0

10.3

10.5

10.8

11.0

11.3Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




-1,14-0,86-0,310,612,43



Risk Measures









LowM

edHighCredit Q


2,51


2,11


2,10

Credit Quality % %

AAA 10,00 BBB 23,32AA 40,34 BB 0,00A 26,34 B 0,00



Bnp Paribas 15/21 Zo Mtn 7,01France(Govt Of) 1%2018-11-25 5,72Belgium(Kingdom) 3%2019-09-28 5,02Austria(Rep Of) 3.5%2021-09-15 4,86Sg Issuer 15/25 Zo Mtn 4,82 France(Govt Of) 1%2019-05-25 4,81Belgium(Kingdom) 2.25%2023-06-22 4,77Netherlands (Kingdom of) 1.25%2018-01-15 4,71Uc-Hvb Cln 18 Raw 4,69Dt.Bk.Eo/Dl Mtn 15/25 4,35 Total Stock Holdings 0Total Bond Holdings 24Assets in Top 10 Holdings % 50,76

Maturity Range %


Coupon Range %


Operations


Fund Size (mil) 214,17 EURShare Class Size (mil) 154,67 EURDomicile AustriaCurrency EURUCITS YesInc/Acc IncISIN AT0000497409




ß®

84


Schoellerbank Realzins Plus A


QQ

Investment Objective Schoellerbank Realzins Plus invests in bonds that haveexplicit protection against European inflation. Bondsare selected according to the SchoellerbankBondRating. The fund targets a return above realizedinflation over time. This can be achieved via a premiumto pure compensation of inflation or an inflationmultiplier of greater than one. Therefore, the fundinvests partially in structured inflation products thatexhibit such a pay-off profile.

10.0

10.2

10.4

10.6

10.8

11.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

7,34 -2,74 2,51 -1,01 3,58 -0,39 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



-0,390,720,510,542,63



Risk Measures



Calculations use BBgBarc Euro Infln Lkd TR EUR (where applicable)






LowM

edHighCredit Q


7,85


7,55


7,56

Credit Quality % %

AAA 35,09 BBB 4,26AA 49,72 BB 0,00A 9,81 B 0,00



France(Govt Of) 0.7%2030-07-25 12,97Germany (Federal Republic Of)... 12,21France(Govt Of) 0.25%2024-07-25 11,42Germany (Federal Republic Of)... 9,52France(Govt Of) 2.25%2020-07-25 7,46 France(Govt Of) 1.1%2022-07-25 5,60Sncf Reseau 2.45%2023-02-28 4,85Germany (Federal Republic Of)... 4,09Germany (Federal Republic Of)... 3,57France(Govt Of) 1.85%2027-07-25 2,95 Total Stock Holdings 1Total Bond Holdings 25Assets in Top 10 Holdings % 74,66

Maturity Range %


Coupon Range %


Operations






ß®

85


Schoellerbank Anleihefonds A


QQQ

Investment Objective Invests mainly in international fixed-interest securities.

10.010.310.510.811.011.311.511.8

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




-0,11-0,320,861,604,46



Risk Measures









LowM

edHighCredit Q

uality


4,09


3,84


3,85

Credit Quality % %

AAA 18,70 BBB 0,00AA 67,33 BB 0,00A 13,97 B 0,00



France(Govt Of) 3.25%2021-10-25 13,93Austria Rep 3.65%2022-04-20 11,82Austria(Rep Of) 1.2%2025-10-20 11,66Crh Cse Refin Hab 3.9%2021-01-18 5,18Agence Franc Dev 1.375%2024-09-17 4,51 Austria(Rep Of) 3.5%2021-09-15 4,21Euro Inv Bk 4.5%2025-10-15 4,05Autobahn & Schnell 4.375%2019-07-08 3,80Cse D'Amort Dette 3.75%2020-10-25 3,77Caisse Francaise 4.5%2017-11-13 3,67 Total Stock Holdings 0Total Bond Holdings 20Assets in Top 10 Holdings % 66,60

Maturity Range %


Coupon Range %


Operations






ß®

86



ß®


ESPA Select Bond T


QQQ

Investment Objective ESPA SELECT BOND invests flexibly in different bondsegments: domestic and international governmentbonds, corporate bonds (investment grade and "HighYield"), emerging market bonds in hard and localcurrency, convergence-bonds (to the euro-zone andEuropean Union), as well as in international mortgagebonds and convertible bonds. The share of high yieldbonds, foreign exchange risks and other investmentswithout investment-grade rating may not exceed a totalof 10%.

10.0

10.5

11.0

11.5

12.0

12.5

13.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

11,00 1,85 8,65 -0,29 2,58 0,94 Fund






0,94-0,161,483,053,95



Risk Measures









LowM

edHighCredit Q

uality


5,50


7,94

Avg Credit Quality BModified Duration(Y)

5,36

Credit Quality % %

AAA 0,00 BBB 0,00AA 0,00 BB 0,00A 0,00 B 0,00



ESPA Bond Euro Corporate T 26,66ESPA Mortgage T 10,07ESPA Bond USA Corporate T 9,70ESPA Bond Inflation-Linked T 7,72XT BOND EUR T 6,99 ERSTE Responsible Bond Euro Corporate T 6,74ESPA Bond Dollar T EUR 6,37T 1851 T 4,92T 1852 T 4,87ESPA Bond Euro-Rent T 3,48 Total Stock Holdings 0Total Bond Holdings 1Assets in Top 10 Holdings % 87,54

Maturity Range %


Coupon Range %


Operations

Fund Company ERSTE-SPARINVEST...Phone +43 5010019881Website www.erste-am.comInception Date 28 Oct 2002Fund Manager Mag Gerhard BeuligManager Start Date 1 Oct 2011NAV (31 Oct 2017) 158,87 EUR


Annual Management Fee 0,60%Actual Front Load 2,50%Ongoing Charge (20 Jul 2015) -Fiscal Year End Month 31/ May

87



ß®


ESPA Select Bond T ESPA Select Bond T may make significant investments in derivatives (including swaps and other OTC derivatives) within the meaning of Section 73 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

ESPA Select Bond T may make significant investments in investment funds (UCITS, UCI) within the meaning of Section 71 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

88


Schoellerbank Realzins Plus T


QQ

Investment Objective Investment in capital- and inflation-protected bondsand guaranteed products in euro.

10.0

10.2

10.4

10.6

10.8

11.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




-0,400,720,520,542,64



Risk Measures



Calculations use BBgBarc Euro Infln Lkd TR EUR (where applicable)






LowM

edHighCredit Q

uality


7,85


7,55


7,56

Credit Quality % %

AAA 35,09 BBB 4,26AA 49,72 BB 0,00A 9,81 B 0,00



France(Govt Of) 0.7%2030-07-25 12,97Germany (Federal Republic Of)... 12,21France(Govt Of) 0.25%2024-07-25 11,42Germany (Federal Republic Of)... 9,52France(Govt Of) 2.25%2020-07-25 7,46 France(Govt Of) 1.1%2022-07-25 5,60Sncf Reseau 2.45%2023-02-28 4,85Germany (Federal Republic Of)... 4,09Germany (Federal Republic Of)... 3,57France(Govt Of) 1.85%2027-07-25 2,95 Total Stock Holdings 1Total Bond Holdings 25Assets in Top 10 Holdings % 74,66

Maturity Range %


Coupon Range %


Operations






ß®

89



ß®


ERSTE Bond Danubia T EUR


QQQ

Investment Objective ESPA BOND DANUBIA invests in government bonds ofthe new EU member states such as Poland, Hungary andthe Czech Republic, but also in securities of otherissuers in the region. The convergence notion isbroadened, and includes Turkey and the former Sovietrepublics. In addition to these convergence-bonds inlocal currencies, emissions in hard currency (EUR, USDsecured EUR) are held. To a certain extent, localcurrencies are hedged temporarily against the Euro.

10.0

10.5

11.0

11.5

12.0

12.5

13.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

19,23 -4,43 6,90 1,03 -0,07 1,00 Fund






1,00-2,040,341,356,51



Risk Measures



Calculations use Citi WBIG Eastern Europe EUR (where applicable)






LowM

edHighCredit Q

uality


4,78


5,73

Avg Credit Quality BBBModified Duration(Y)

4,65

Credit Quality % %

AAA 0,00 BBB 20,76AA 8,89 BB 32,31A 35,85 B 0,00



Russian Fedn 4.5%2022-04-04 2,57Turkey(Rep Of) 10.6%2026-02-11 2,31Poland(Rep Of) 5.75%2029-04-25 2,27Poland(Rep Of) 4%2023-10-25 2,27Poland(Rep Of) 5.75%2022-09-23 2,25 Poland(Rep Of) 5.5%2019-10-25 2,24Poland(Rep Of) 3.25%2025-07-25 2,22Czech(Rep Of) 4.2%2036-12-04 1,95Poland(Rep Of) 5.25%2020-10-25 1,91Poland(Rep Of) 2%2021-04-25 1,85 Total Stock Holdings 0Total Bond Holdings 100Assets in Top 10 Holdings % 21,85

Maturity Range %


Coupon Range %


Operations

Fund Company ERSTE-SPARINVEST...Phone +43 5010019881Website www.erste-am.comInception Date 15 Oct 1998Fund Manager Anton HauserManager Start Date 1 Mar 2009NAV (31 Oct 2017) 144,57 EUR


Annual Management Fee 0,72%Actual Front Load 3,50%Ongoing Charge (17 Feb 2017) -Fiscal Year End Month 31/ May

90



ß®


ERSTE Bond Danubia T EUR ERSTE Bond Danubia T EUR may make significant investments in derivatives (including swaps and other OTC derivatives) within the meaning of Section 73 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

In accordance with the fund provisions approved by the Austrian Financial Market Authority (Österreichische Finanzmarktaufsicht), ERSTE Bond Danubia T EUR intends to invest more than 35% of its assets in the securities and/or money market instruments of public issuers. A detailed list of these issuers can be found in the Prospectus, section II, point 12.

91



ß®


RT Vorsorge §14 Rentenfonds T


QQQ

Investment Objective RT provision § 14 Rentenfonds, a fund intended forseverance pay and pension provisions, aims to provideappealing regular income while paying specialattention to security and liquidity of the fund's assets.The acquision may include securities as defined in §§66 ff Investment Fund Act; in § 14 of the Income TaxLaw in conjuction with § 25 of the Income Tax ActPension Act (PKG) in its current state. The fund investsmainly in euro-denominated bonds.

10.010.310.510.811.011.311.511.812.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

4,24 -2,24 10,91 -0,38 2,74 -1,78 Fund






-1,78-2,330,821,843,58



Risk Measures



Calculations use Citi EMU GBI EUR (where applicable)






LowM

edHighCredit Q

uality


-


-


-

Credit Quality


Germany (Federal Republic Of) 4%2037-01-04 19,60Germany (Federal Republic Of)... 16,00Austria(Rep Of) 3.4%2022-11-22 13,93Germany (Federal Republic Of)... 8,40Netherlands (Kingdom of) 3.75%2023-01-15 6,94 Germany (Federal Republic Of)... 6,20Netherlands (Kingdom of) 1.75%2023-07-15 3,78Finland(Rep Of) 1.5%2023-04-15 3,72Germany (Federal Republic Of)... 3,55Netherlands (Kingdom of) 2%2024-07-15 2,90 Total Stock Holdings 0Total Bond Holdings 19Assets in Top 10 Holdings % 85,03

Maturity Range %


Coupon Range %


Operations


GmbHPhone +43 (0) 50100 - 19777Website www.erste-am.comInception Date 22 Jul 1998Fund Manager Mag. Roman SwatonManager Start Date 1 Jan 2014NAV (31 Oct 2017) 122,74 EUR


Annual Management Fee 0,55%Actual Front Load 2,50%Ongoing Charge (17 Feb 2017) 0,40%Fiscal Year End Month 31/ Oct

92



ß®


RT Vorsorge §14 Rentenfonds T In accordance with the fund provisions approved by the Austrian Financial Market Authority (Österreichische Finanzmarktaufsicht), RT Vorsorge §14 Rentenfonds T intends to invest more than 35% of its assets in the securitiesand/or money market instruments of public issuers. A detailed list of these issuers can be found in the Prospectus, section II, point 12.

93


Fidelity Funds - Euro Bond Fund A-DIST-EUR


QQQQ

Investment Objective The fund’s objective is to invest primarily in bondsdenominated in Euro. The aim of the fund is to provideinvestors with relatively high income with thepossibility of capital gains. Power is reserved to investup to 100% of the assets of the fund in securities issuedor guaranteed by certain government and other publicbodies as described more fully in the Prospectus. Thefund may invest in bonds or debt instruments which can,among others, be issued by governments, agencies,supranationals, private or...

10.010.511.011.512.012.513.013.514.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




1,180,522,244,215,42



Risk Measures









LowM

edHighCredit Q


5,10


6,94


5,10

Credit Quality % %

AAA 33,99 BBB 28,59AA 26,07 BB 1,31A 8,11 B 0,00



France(Govt Of) 4%2018-04-25 11,02Italy(Rep Of) 4.5%2024-03-01 10,35Germany (Federal Republic Of)2019-03-15 9,69Fidelity ILF - EUR A Acc 9,43France(Govt Of)2020-02-25 5,46 Ireland(Rep Of) 1%2026-05-15 4,77France(Govt Of) 1%2027-05-25 4,05Italy(Rep Of) 2.2%2027-06-01 2,92Germany (Federal Republic Of)2022-10-07 2,91France(Govt Of) 2.25%2024-05-25 2,50 Total Stock Holdings 0Total Bond Holdings 43Assets in Top 10 Holdings % 63,09

Maturity Range %


Coupon Range %


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 1 Oct 1990Fund Manager David SimnerManager Start Date 19 Mar 2009NAV (1 Nov 2017) 13,57 EUR





ß®

94


Schoellerbank NettoRent T


QQQ

Investment Objective Invests principally in fixed and/or variable bonds mainlywith the best level of creditrisk, exclusively in euro.

10.0

10.3

10.5

10.8

11.0

11.3

11.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




-0,22-0,590,341,072,82



Risk Measures









LowM

edHighCredit Q

uality


4,35


4,08


4,09

Credit Quality % %

AAA 9,82 BBB 1,22AA 63,69 BB 0,00A 24,05 B 0,00



Austria(Rep Of) 3.5%2021-09-15 14,03Austria(Rep Of) 1.2%2025-10-20 11,73Austria(Rep Of) 1.15%2018-10-19 7,96France(Govt Of) 1.75%2023-05-25 7,00France(Govt Of) 2.25%2022-10-25 6,49 France(Govt Of) 3.25%2021-10-25 5,97Cie Fin Foncie-Cff 2.375%2022-11-21 5,48Societe Generale 0.75%2021-02-19 4,73Wells Fargo 1.125%2021-10-29 4,66Cred Suisse London 1%2023-06-07 4,61 Total Stock Holdings 0Total Bond Holdings 21Assets in Top 10 Holdings % 72,65

Maturity Range %


Coupon Range %


Operations






ß®

95



ß®


ESPA Bond Duration Shield T


Q

Investment Objective ESPA BOND DURATION SHIELD T is a pension fund thataims for income and long-term capital growth whiletaking into account capital security and liquidity of thefund's assets. 10.0

10.110.210.310.410.510.610.710.8

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

5,14 -1,41 3,18 -0,51 0,41 -1,51 Fund






-1,51-1,67-0,370,101,80



Risk Measures









LowM

edHighCredit Q

uality


3,94


4,35


3,94

Credit Quality % %

AAA 29,79 BBB 0,00AA 68,08 BB 0,00A 0,00 B 0,00



Austria(Rep Of) 0.25%2019-10-18 21,39Austria(Rep Of) 6.25%2027-07-15 11,47Austria(Rep Of) 3.9%2020-07-15 10,86Austria(Rep Of) 3.5%2021-09-15 9,69Austria(Rep Of)2023-07-15 8,64 Germany (Federal Republic Of)... 6,89Germany (Federal Republic Of)2020-04-17 5,79Germany (Federal Republic Of)... 4,25Austria(Rep Of) 1.75%2023-10-20 3,11Austria Rep 3.65%2022-04-20 2,92 Total Stock Holdings 0Total Bond Holdings 18Assets in Top 10 Holdings % 85,01

Maturity Range %


Coupon Range %


Operations

Fund Company ERSTE-SPARINVEST...Phone +43 5010019881Website www.erste-am.comInception Date 11 Jan 2006Fund Manager Karl HalseggerManager Start Date 21 Jul 2015NAV (31 Oct 2017) 958,57 EUR

Fund Size (mil) 60,03 EURShare Class Size (mil) 24,70 EURDomicile AustriaCurrency EURUCITS YesInc/Acc AccISIN AT0000A001M5

Annual Management Fee 0,50%Actual Front Load 2,50%Ongoing Charge (24 Feb 2017) 0,47%Fiscal Year End Month 31/ Jul

96



ß®


ESPA Bond Duration Shield T In accordance with the fund provisions approved by the Austrian Financial Market Authority (Österreichische Finanzmarktaufsicht), ESPA Bond Duration Shield T intends to invest more than 35% of its assets in the securities and/or money market instruments of public issuers. A detailed list of these issuers can be found in the Prospectus, section II, point 12.

97


SemperBond Euro 2 A


QQQ


10.010.511.011.512.012.513.013.5

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




-0,91-1,591,603,354,31



Risk Measures









LowM

edHighCredit Q

uality


-


-


-

Credit Quality


Germany (Federal Republic Of)2026-08-15 8,80Italy(Rep Of) 1.5%2025-06-01 6,54Spain(Kingdom Of) 4.3%2019-10-31 6,39Italy(Rep Of) 3.75%2024-09-01 6,10Italy(Rep Of) 2.15%2021-12-15 4,95 France(Govt Of) 2.25%2024-05-25 3,61France(Govt Of) 1.75%2039-06-25 3,50Germany (Federal Republic Of)... 3,46Netherlands (Kingdom of) 2%2024-07-15 3,39France(Govt Of) 0.5%2025-05-25 3,37 Total Stock Holdings 0Total Bond Holdings 33Assets in Top 10 Holdings % 50,11

Maturity Range %


Coupon Range %


Operations

Fund Company Semper Constantia Invest...Phone +43 1 536 16-0Website www.semperconstantia.atInception Date 25 Mar 2002Fund Manager Not DisclosedManager Start Date 25 Mar 2002NAV (31 Oct 2017) 116,52 EUR


Annual Management Fee 1,00%Actual Front Load 3,00%Ongoing Charge (12 Aug 2016) -Fiscal Year End Month 28/ Feb



ß®

98


Vontobel Fund - Bond Global Aggregate H (hedged) USD


QQ

Investment Objective This Sub-Fund aims to achieve the best possibleinvestment returns in US dollar terms. While respectingthe principle of risk diversification, a minimum of 90%of the Sub-Fund’s assets are invested in various bondsand similar fixed and variable rate debenturesdenominated in US dollars, including convertibles andwarrant-linked bonds issued by various public and/orprivate borrowers, whereby a maximum of 25% of theSub-Fund’s assets may be invested in convertibles andwarrant- linked bonds.

10.0

11.0

12.0

13.0

14.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




-6,85-3,496,244,594,57



Risk Measures



Calculations use BBgBarc Global Aggregate TR Hdg USD (where applicable)






LowM

edHighCredit Q


-


-


-

Credit Quality


Future 2 Years Us T-Note 29.September... 37,05Future Euro Oat 07.September... 10,74Future Euro-Btp 07.September... 7,33Cp Comboios De Por 5.7%2030-03-05 4,34Vontobel Emerging Mkts Corp Bd I USD Acc 3,72 Future German Government Bund... 3,29Portugal(Rep Of) 5.65%2024-02-15 3,22Portugal(Rep Of) 4.95%2023-10-25 2,95Infraestruturas D 4.25%2021-12-13 2,11Future Us Long Bond(Cbt) 20.September... 1,86 Total Stock Holdings 0Total Bond Holdings 164Assets in Top 10 Holdings % 76,60

Maturity Range %


Coupon Range %


Operations

Fund Company Vontobel Asset

Management...Phone -Website www.vontobel.comInception Date 25 Oct 1991Fund Manager Hervé HanouneManager Start Date 1 Sep 2014NAV (30 Oct 2017) 323,87 USD

Fund Size (mil) 457,33 EURShare Class Size (mil) 38,56 EURDomicile LuxembourgCurrency USDUCITS YesInc/Acc AccISIN LU0035745552

Annual Management Fee 0,85%Actual Front Load -Ongoing Charge (02 Oct 2017) 1,12%Fiscal Year End Month 31/ Aug



ß®

99


Schoellerbank USD Rentenfonds T USD


QQQ


10.0

10.5

11.0

11.5

12.0

12.5

13.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




-7,84-5,253,142,843,87



Risk Measures



Calculations use BBgBarc US Agg Bond TR USD (where applicable)






LowM

edHighCredit Q

uality


6,34


5,02


5,08

Credit Quality % %

AAA 44,61 BBB 3,32AA 29,35 BB 0,00A 22,72 B 0,00



US Treasury Bond 2.875%2046-11-15 11,37US Treasury Note 2.25%2023-12-31 10,94Oracle 3.625%2023-07-15 7,46Svenska Handelsbanken Ab 2.45%2021-03-30 6,53European Invt Bk 4%2021-02-16 6,01 US Treasury Note 1.5%2018-08-31 5,96Wells Fargo Co New 2.1%2021-07-26 5,89Caisse D Amortissement Et De D... 4,86US Treasury Note 1.375%2020-01-31 4,85Credit Suisse New York Branch 3%2021-10-29 4,41 Total Stock Holdings 0Total Bond Holdings 18Assets in Top 10 Holdings % 68,28

Maturity Range %


Coupon Range %


Operations

Fund Company Schoellerbank Invest AGPhone +43 662 885511-2650Website www.schoellerbank.atInception Date 1 Sep 1999Fund Manager Not DisclosedManager Start Date 17 Mar 1997NAV (31 Oct 2017) 99,43 USD

Fund Size (mil) 9,11 USDShare Class Size (mil) 4,99 USDDomicile AustriaCurrency USDUCITS YesInc/Acc AccISIN AT0000820436




ß®

100


Schoellerbank Kurzinvest T


QQQ

Investment Objective Investment in money market securities, term depositsand short-term euro bonds. Low risk of volatilitybecause of short-term fixed interest rates.

10.0

10.1

10.1

10.2

10.2

10.3Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

1,99 0,19 0,21 -0,16 -0,29 -0,44 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



-0,44-0,49-0,31-0,091,62


3 Years -0,915 Years -0,4410 Years 7,43Since Inception 34,78

Risk Measures



Calculations use Citi EUR EuroDep 3 Mon EUR (where applicable)






LowM

edHighCredit Q

uality


0,84


0,14


0,14

Credit Quality % %

AAA 0,00 BBB 4,22AA 4,76 BB 0,00A 91,02 B 0,00



Abbey Natl Trsy Sv FRN2019-05-22 4,00Bnp Paribas FRN2019-05-20 4,00Abn Amro Bk Nv FRN2019-01-14 3,99Sanofi FRN2019-03-22 3,98Sbab Bk Ab FRN2018-06-27 3,97 Ste Generale 16/18flr Mtn 3,97Nykredit Realkredi FRN2019-09-10 3,55Daimler Ag FRN2019-06-24 3,54Bmw Fin Nv FRN2019-07-15 3,11Lloyds Bk FRN2019-09-10 3,11 Total Stock Holdings 0Total Bond Holdings 21Assets in Top 10 Holdings % 37,21

Maturity Range %


Coupon Range %


Operations

Fund Company Schoellerbank Invest AGPhone +43 662 885511-2650Website www.schoellerbank.atInception Date 22 Mar 1999Fund Manager Not DisclosedManager Start Date 10 Oct 1994NAV (31 Oct 2017) 90,13 EUR





ß®

101



ß®


RT Reserve Euro PlusT


QQQQ

Investment Objective RT Liquid Euro Plus invests primarily in money marketinstruments. In addition, debt securities of domestic andforeign issuers can be purchased. The fund may investin bonds with an investment grade rating ranging fromAAA to A–. Investments are made predominantly inEuro.

10.010.110.210.310.410.510.610.7

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

3,16 0,54 1,48 0,17 0,91 0,17 Fund






0,170,200,480,701,86



Risk Measures



Calculations use Citi EUR EuroDep 3 Mon EUR (where applicable)






LowM

edHighCredit Q

uality


-


-


-

Credit Quality


Toronto-Dominion FRN2020-09-08 3,63Austria(Rep Of)2022-06-22 3,61Wells Fargo FRN2020-06-02 3,61Ge Cap Eu Fdg Unli FRN2021-05-17 3,61Deutsche Bk Ag FRN2021-09-10 3,24 Nykredit Realkredi FRN2038-10-01 3,16Italy(Rep Of) 1.05%2019-12-01 2,95Total Cap Intl FRN2020-03-19 2,89Cnooc Curtis Fundi 2.75%2020-10-03 2,75Sinopec Grp Ovrs13 2.625%2020-10-17 2,74 Total Stock Holdings 0Total Bond Holdings 50Assets in Top 10 Holdings % 32,19

Maturity Range %


Coupon Range %


Operations


GmbHPhone +43 (0) 50100 - 19777Website www.erste-am.comInception Date 2 Jun 2004Fund Manager Karl HalseggerManager Start Date 1 Jul 2007NAV (31 Oct 2017) 60,18 EUR



102



ß®


RT Reserve Euro PlusT In accordance with the fund provisions approved by the Austrian Financial Market Authority (Österreichische Finanzmarktaufsicht), RT Reserve Euro Plus T intends to invest more than 35% of its assets in the securities and/ormoney market instruments of public issuers. A detailed list of these issuers can be found in the Prospectus, section II, point 12.

103


terrAssisi Renten I AMI P


QQ

Investment Objective The investment fund pursues the objective of obtaininghighest possible returns at limited market risk andgenerating a reasonable annual dividend payout in euro.The fund invests primarily in interest-bearing securitieswith a term to maturity of up to 24 months and ininterest-bearing securities whose interest is regularlyadjusted during the remaining term or at least once in24 months.

10.0

10.1

10.1

10.2

10.2

10.3

10.3Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




0,01-0,050,100,211,00



Risk Measures



Calculations use BBgBarc Euro Agg 1-3 Yr TR EUR (where applicable)






LowM

edHighCredit Q

uality


-


-


-

Credit Quality


Westpac Bkg 0.875%2021-02-16 2,70Abn Amro Bk Nv 0.75%2020-06-09 2,68Bmw Us Cap 0.625%2022-04-20 2,67Wpp Fin 2013 0.75%2019-11-18 2,67Dnb Boligkreditt A FRN2021-11-17 2,66 Dt Genossch Hypobk FRN2019-08-30 2,64Sap Se FRN2020-04-01 2,643m FRN2020-05-15 2,64Daimler Ag FRN2019-01-12 2,64Nordea Bk Ab FRN2019-09-27 2,63 Total Stock Holdings 0Total Bond Holdings 46Assets in Top 10 Holdings % 26,57

Maturity Range %


Coupon Range %


Operations

Fund Company Ampega Investment GmbHPhone +49 221 790799799Website www.Ampega.deInception Date 22 Apr 2009Fund Manager Oliver JepsenManager Start Date 30 Jul 2013NAV (30 Oct 2017) 96,82 EUR

Fund Size (mil) 19,11 EURShare Class Size (mil) 19,11 EURDomicile GermanyCurrency EURUCITS YesInc/Acc IncISIN DE000A0NGJV5




ß®

104



ß®


RT Panorama Fonds T


-

Investment Objective RT Panorama Fonds actively allocates to Stocks, Bonds,Real Estate and Cash. The flexible fund RT Active GlobalTrend, which invests between 0 – 100 % Stocks, 0 –100 % Bonds and 0 – 100 % Cash acts as a coreinvestment. This flexible core-investment makes up 45% of the RT Panorama Fonds, which enables the fundto react fast on current markets, limit losses andparticipate in rising markets.

10.010.511.011.512.012.513.013.5

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

- 8,23 9,22 -0,49 0,41 5,87 Fund






5,877,262,844,834,60



Risk Measures









Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


RT Active Global Trend T - 44,38ESPA Select Bond T - 19,78State Street World Index Eqty... - 14,49ESPA Bond Euro Corporate T - 9,97Erste Immobilienfonds A - 9,72 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 98,33


h Cyclical 42,36





Americas 39,31




Greater Asia 16,71


Operations


GmbHPhone +43 (0) 50100 - 19777Website www.erste-am.comInception Date 2 Apr 2012Fund Manager Not DisclosedManager Start Date 2 Apr 2012NAV (31 Oct 2017) 128,54 EUR

Fund Size (mil) - EURShare Class Size (mil) 6,44 EURDomicile AustriaCurrency EURUCITS NoInc/Acc AccISIN AT0000A0UGN8

Annual Management Fee 1,15%Actual Front Load 0,00%Ongoing Charge (31 Mar 2014) -Fiscal Year End Month 31/ Mar

105



ß®


RT Panorama Fonds T RT Panorama Fonds T may make significant investments in demand deposits or time deposits with a maximum maturity of 12 months within the meaning of Section 72 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz2011).

RT Panorama Fonds T may make significant investments in investment funds (UCITS, UCI) within the meaning of Section 71 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

106



ß®


RT Active Global Trend T


QQQ

Investment Objective This globally diverse fund of funds, follows an "absolutereturn approach” and invests between 0% -100% inequity and between 0% -100% in bonds and moneymarket funds. Fund management uses a tradingprogram that pursues a medium-term trend followingstrategy. Funds that manifest positive trend behaviorare weighted most heavily in the portfolio. Theinvestment objective is to generate long-term capitalgrowth.

10.0

11.0

12.0

13.0

14.0

15.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

6,26 14,14 8,62 -2,36 -3,77 11,67 Fund






11,6712,62

2,705,711,44



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


MS INVF Global Opportunity AH... - 8,70Vontobel Global Equity H - 8,18Russell Inv Japan Equity EH-A - 7,71NN (L) Intl Czech Equity P Cap... - 7,62JPM America Equity C (acc) EURH - 6,97 UBS ETF MSCI EMU Small Cap EUR... - 6,55AB SICAV I Global Core Eq A... - 6,52DBXT ATX ETF (DR) 1C - 5,14Lazard Global Lstd Infras Eq A... - 4,13LO Funds Golden Age Syst. Hdg... - 3,82 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 65,35


h Cyclical 44,33





Americas 30,32




Greater Asia 18,45


Operations


GmbHPhone +43 (0) 50100 - 19777Website www.erste-am.comInception Date 17 Jan 2000Fund Manager Not DisclosedManager Start Date 3 Dec 2013NAV (31 Oct 2017) 11,96 EUR



107



ß®


RT Active Global Trend T RT Active Global Trend T may make significant investments in demand deposits or time deposits with a maximum maturity of 12 months within the meaning of Section 72 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz2011).

RT Active Global Trend T may make significant investments in investment funds (UCITS, UCI) within the meaning of Section 71 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

108


Success absolute T


QQ

Investment Objective Success Absolute is a balanced fund aimed at theachievement of capital growth and the accumulation ofcurrent income while taking into account capitalsecurity and the liquidity of the fund's assets all thewhile retaining risk diversification and security. Thefund purchases both shares of equity and bond funds inorder to achieve its investment objectives. The fixedincome component is represented with only those fundsthat have no foreign currency risk.

10.0

10.5

11.0

11.5

12.0

12.5

13.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




0,070,351,802,940,59



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


iShares Core EURO STOXX 50 ETF... - 10,93Source JPX-Nikkei 400 ETF EUR... - 9,95UBS (Lux) BS Convt Glbl € Q-acc - 9,77Macquarie Global Convertible C... - 9,36GS Em Mkts Debt I EUR H Acc - 9,29 DBXT MSCI EMU ETF (DR) 1D - 8,56DBXT MSCI Nordic ETF (DR) 1D - 8,40T. Rowe Price European Hi Yld... - 7,50iShares JP Morgan $ EM Bond... - 6,94Henderson Horizon Glbl HY Bd... - 5,72 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 86,42


h Cyclical 40,40





Americas 1,50




Greater Asia 0,33


Operations

Fund Company Raiffeisen Kapitalanlage...Phone +431711700Website www.rcm.atInception Date 2 Feb 2001Fund Manager Not DisclosedManager Start Date 2 Feb 2001NAV (31 Oct 2017) 10,58 EUR


Annual Management Fee 1,75%Actual Front Load 5,25%Ongoing Charge (20 Feb 2017) -Fiscal Year End Month 30/ Nov



ß®

109


TradeCom FondsTrader T


QQQQ

Investment Objective The fund invests up to 100% in equity funds. Thepurchase and sale of the selected investment-funds iscomputer-aided, where the decisions are made on thebasis of objective parameters. Only part of the overallportfolio is invested per transaction. The funds areoffloaded in the case of a negative performance.

10.010.511.011.512.012.513.013.5

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

6,61 7,95 -0,82 4,28 -3,40 14,66 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



14,6615,42

4,464,825,95



Risk Measures



Calculations use Cat 50%Barclays Eu Agg&50%FTSE AW Dv Eur (where

applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Threadneedle Eurp Smlr Coms... - 9,41Threadneedle Pan EurpSmlrComs... - 7,59Fidelity Euro Cash A-Acc-EUR - 6,90DJE - Asia High Dividend I (EUR) - 6,70LuxTopic - PACIFIC P - 6,69 Aberdeen Global Asian Smllr... - 6,58Templeton Em Mkts Smlr Coms... - 4,71Invesco Pan European Sm Cp Eq... - 4,11DWS Emerging Markets Typ O - 3,92Schroder ISF Swiss Small & Mid... - 3,58 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 60,19


h Cyclical 46,59





Americas 4,09




Greater Asia 35,85


Operations

Fund Company Security Kapitalanlage AGPhone +43(0)316 8071-0Website www.securitykag.atInception Date 3 Feb 2003Fund Manager Thomas GamsjägerManager Start Date 3 Feb 2003NAV (31 Oct 2017) 22,45 EUR


Annual Management Fee 2,50%Actual Front Load 5,00%Ongoing Charge (30 Oct 2017) 3,49%Fiscal Year End Month 30/ Jun



ß®

110


VPI World Invest TM T


QQQ

Investment Objective The fund invests primarily in investment funds, wherebond funds make up the focal point. In terms of equityfunds, a target size of 20 to 40 percent of the fund assetsis sought. The sub-funds invest respectively in theirspecialized fields in terms of regions, sectors, themesand opportunities. The overall focus is international.

10.010.511.011.512.012.513.013.5

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




5,888,054,974,902,89



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


LuxTopic - PACIFIC P - 6,76Germany (Federal Republic... - 6,31iShares JP Morgan $ EM Bond... - 4,26DJE - Asia High Dividend XP... - 3,34US Treasury Note 2.25%2025-11-15 - 3,20 Scottish Widows Lt... - 2,38Antecedo Euro Yield A - 2,33Total SA o 1,93Vates - Parade A - 1,79Gamax Funds Junior I - 1,74 Total Stock Holdings 23Total Bond Holdings 28Assets in Top 10 Holdings % 34,04


h Cyclical 36,97





Americas 17,07




Greater Asia 28,40


Operations

Fund Company Raiffeisen Salzburg...Phone +43 662 88 86-4200Website www.raiffeisen-salzbur...Inception Date 12 Jan 2004Fund Manager Not DisclosedManager Start Date 12 Jan 2004NAV (31 Oct 2017) 70,57 EUR


Annual Management Fee 1,70%Actual Front Load 5,00%Ongoing Charge (20 Feb 2017) -Fiscal Year End Month 31/ Dec



ß®

111


C-QUADRAT ARTS Total Return Global AMI


QQQ

Investment Objective The aim is to follow more intense total-return approach.For that purpose, fund management applies a tradeprogram with a medium-run trend-following focus.Those funds, which show positive trends in the short tomedium term, are most heavily weighted in theportfolio.

10.010.511.011.512.012.513.013.514.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




9,058,402,855,286,07



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Amundi ETF NASDAQ-100 Daily... - 7,71AB SICAV I Thematic Research A... - 4,26iShares MSCI EMU Small Cap ETF... - 3,56MS INVF Global Opportunity AH... - 3,56LO Funds Golden Age Syst. Hdg... - 3,30 Russell Inv Japan Equity EH-A - 3,29Vontobel Global Equity H - 3,18Invesco Asia Infrastructure A... - 3,13Invesco Asia Consumer Demand A... - 2,67Pioneer Fds (A) Austria Stock T - 2,66 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 37,31


h Cyclical 40,25





Americas 26,93




Greater Asia 28,58


Operations

Fund Company Ampega Investment GmbHPhone +49 221 790799799Website www.Ampega.deInception Date 7 Dec 2001Fund Manager Leo WillertManager Start Date 27 Mar 2003NAV (30 Oct 2017) 112,96 EUR

Fund Size (mil) 484,47 EURShare Class Size (mil) 484,47 EURDomicile GermanyCurrency EURUCITS YesInc/Acc IncISIN DE000A0F5G98




ß®

112


C-QUADRAT ARTS Best Momentum EUR T


QQ

Investment Objective C-QUADRAT ARTS Best Momentum aims at highercapital returns by accepting higher risks. Whenimplementing the investment strategy, fundmanagement uses a trade program with a medium-runtrend-following focus. The funds that manifest positivetrend development in the short- and medium-run aremost heavily weighted.

10.0

11.0

12.0

13.0

14.0

15.0

16.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

7,45 13,25 14,96 -1,72 -2,00 7,96 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



11,6913,95

4,327,245,23



Risk Measures









Small

Mid




<25 25-50 50-75 >75


Invesco Greater China Equity A... - 5,74Aberdeen Global Em Mkts Infras... - 5,02Pioneer Fds (A) Austria Stock T - 4,46Invesco Asia Consumer Demand A... - 4,11iShares Automation&Robotics... - 3,78 Parvest Equity Japan Small Cap... - 3,07Vontobel Europ Mid & Sm Cap Eq B - 3,07iShares MSCI Germany Small-Cap... - 3,05Amundi Fds Eq Japan Target AHE-C - 2,99Fidelity Japan Advantage... - 2,96 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 38,26


h Cyclical 39,13





Americas 24,04




Greater Asia 40,61


Operations

Fund Company Ampega Investment GmbHPhone +49 221 790799799Website www.Ampega.deInception Date 4 Jan 1999Fund Manager Leo WillertManager Start Date 1 Aug 2005NAV (31 Oct 2017) 247,88 EUR





ß®

113


C-QUADRAT ARTS Total Return Special T


QQQ

Investment Objective C-QUADRAT ARTS Total Return Special has flexibleinvestment guidelines. The fund can invest up to 70%in stock, bonds or money market funds, up to 15% inmarket-neutral investments, and 20-30% in indirectreal-estate investment opportunities. Theimplementation process of the investment strategyincreasingly follows a total-return approach, for whicha trade program with a medium-run trend-followingfocus is used.

10.010.511.011.512.012.513.013.5

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




11,5614,35

3,194,704,60



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Vitruvius Asian Equity B EUR - 9,91NN (L) Health Care P Cap EUR H... - 8,91Invesco Asia Consumer Demand A... - 8,88UBS (D) Equity Fund Smaller... - 8,12Amundi Fds Bd Global Emerg... - 4,99 Amundi Fds Eq Japan Target AHE-C - 4,71Invesco Greater China Equity A... - 4,48Invesco Japanese Value Equity... - 3,96FPM Fds Stockp Germany... - 3,92Deutsche Invest I Eu Hi Yld... - 3,79 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 61,68


h Cyclical 35,76





Americas 19,16




Greater Asia 51,53


Operations

Fund Company Ampega Investment GmbHPhone +49 221 790799799Website www.Ampega.deInception Date 2 Aug 2004Fund Manager Leo WillertManager Start Date 2 Aug 2004NAV (31 Oct 2017) 174,55 EUR





ß®

114


VPI World Select TM T


QQQQ

Investment Objective The investment fund invests primarily in funds. Thefocus lies on bond funds. For equity funds, a target sizeof between 20 to 40 percent of total assets of theinvestment funds is pursued. The incorporated sub-funds invest in their respective fields of specialty:regions, sectors etc. The general orientation of the fundis international.

10.0

11.0

12.0

13.0

14.0

15.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




7,3714,54

8,857,122,41



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


iShares Core S&P 500 ETF USD Acc - 12,33iShares Core DAX® (DE) - 11,92iShares EURO STOXX 50 (DE) - 11,90iShares MSCI USA ETF USD Acc - 10,77iShares Core MSCI EM IMI ETF... - 8,01 iShares MSCI Japan EUR Hedged... - 6,53iShares S&P 500 Health Care... - 6,42iShares STOXX Europe 600 Banks... - 4,87iShares S&P 500 Financials... - 3,93iShares MSCI China A ETF USD Acc - 3,04 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 79,72


h Cyclical 41,66





Americas 42,45




Greater Asia 18,22


Operations

Fund Company Raiffeisen Salzburg...Phone +43 662 88 86-4200Website www.raiffeisen-salzbur...Inception Date 22 Sep 2006Fund Manager Not DisclosedManager Start Date 22 Sep 2006NAV (31 Oct 2017) 62,88 EUR

Fund Size (mil) 9,80 EURShare Class Size (mil) 9,80 EURDomicile AustriaCurrency EURUCITS YesInc/Acc AccISIN AT0000A026V3




ß®

115


C-QUADRAT ARTS Total Return Balanced T


QQQQ

Investment Objective C-QUADRAT ARTS Total Return Balanced has flexibleinvestment guidelines. The fund may invest up to 50%in equity funds and up to 100% in bonds and moneymarket funds. The implementation process of theinvestment strategy intensively follows a "total returnapproach”, for which a trade program with a medium-run trend-following focus is used. The funds thatmanifest positive trend developments in the short- andmedium-run are weighted strongest.

10.010.511.011.512.012.513.013.514.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




5,025,272,644,175,22



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


iShares MSCI EMU Small Cap ETF... - 6,13Vontobel Global Equity H - 4,60Deutsche Invest I Eu Hi Yld... - 4,40ERSTE Bond EM Corp EUR R01 T - 3,21EdR Signatures Financial Bonds I - 3,16 Lyxor S&P 500 ETF Daily Hedged... - 3,11Deutsche Extra Bond Total... - 3,10JPM America Equity C (acc) EURH - 2,99Amundi Fds Bd Global Emerg... - 2,48Amundi Fds Bd Euro High Yield... - 2,44 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 35,63


h Cyclical 43,04





Americas 32,60




Greater Asia 14,83


Operations

Fund Company Ampega Investment GmbHPhone +49 221 790799799Website www.Ampega.deInception Date 24 Nov 2003Fund Manager Leo WillertManager Start Date 24 Nov 2003NAV (30 Oct 2017) 192,48 EUR





ß®

116


C-QUADRAT ARTS Total Return Balanced CHF T


QQ

Investment Objective C-QUADRAT ARTS Total Return Balanced has flexibleinvestment guidelines. It may invest up to 50 % of itsassets in equity funds and up to 100 % in bond and(near-)money market funds. In some cases, the equityquota may also be fulfilled by investing in individualstocks. To implement this investment policy, the fundmanagement makes increased use of a total returnApproach.

10.0

10.5

11.0

11.5

12.0

12.5Growth Of 10000

(CHF)

Fund

2012 2013 2014 2015 2016 10/17 Performance

- - 8,46 -3,86 -0,13 2,99 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



4,244,391,24

-2,88


3 Years 3,765 Years -10 Years -Since Inception 14,42

Risk Measures



Calculations use Cat 50%Citi SwissGBI&50%MSCI Wld Free NR (where

applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


iShares MSCI EMU Small Cap ETF... - 6,13Vontobel Global Equity H - 4,60Deutsche Invest I Eu Hi Yld... - 4,40ERSTE Bond EM Corp EUR R01 T - 3,21EdR Signatures Financial Bonds I - 3,16 Lyxor S&P 500 ETF Daily Hedged... - 3,11Deutsche Extra Bond Total... - 3,10JPM America Equity C (acc) EURH - 2,99Amundi Fds Bd Global Emerg... - 2,48Amundi Fds Bd Euro High Yield... - 2,44 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 35,63


h Cyclical 43,04





Americas 32,60




Greater Asia 14,83


Operations

Fund Company Ampega Investment GmbHPhone +49 221 790799799Website www.Ampega.deInception Date 1 Feb 2013Fund Manager Leo WillertManager Start Date 24 Nov 2003NAV (30 Oct 2017) 109,59 CHF

Fund Size (mil) 243,11 EURShare Class Size (mil) 1,98 EURDomicile AustriaCurrency CHFUCITS YesInc/Acc AccISIN AT0000A0XH66




ß®

117


Carmignac Patrimoine A EUR Acc


QQQQ

Investment Objective The fund’s objective is to outperform the followingcomposite performance indicator over a recommendedinvestment horizon of 3 years: 50% MSCI AC World Freeindex, the Morgan Stanley international equity index,and 50% Citigroup WGBI All Maturities EUR index, theworld bond index. The investment policy takes intoaccount the principle of risk spreading by means of thediversification of investments. The allocation of theportfolio between the different asset classes andcategories of UCITS (equities, balanced,...

10.010.511.011.512.012.513.013.5

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




1,002,832,903,728,02



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


+chf 0.985 Call Usd... - 4,85Italy(Rep Of) 2.2%2027-06-01 - 4,53Celgene Corp d 2,54+jpy 112.3 Call Usd... - 2,49US Treasury Note2026-01-15 - 2,42 US Treasury Note... - 2,22Facebook Inc A a 2,18Altice NV A i 1,90Intercontinental Exchange Inc y 1,64Hermes International SA t 1,51 Total Stock Holdings 69Total Bond Holdings 264Assets in Top 10 Holdings % 26,27


h Cyclical 48,76





Americas 62,40




Greater Asia 11,69


Operations

Fund Company Carmignac GestionPhone +352 46 70 60 62Website www.carmignac.comInception Date 7 Nov 1989Fund Manager Edouard CarmignacManager Start Date 7 Nov 1989NAV (30 Oct 2017) 655,69 EUR

Fund Size (mil) 23789,91 EURShare Class Size (mil) 20473,81 EURDomicile FranceCurrency EURUCITS YesInc/Acc AccISIN FR0010135103

Annual Management Fee 1,50%Actual Front Load 4,00%Ongoing Charge (18 Feb 2017) 1,79%Fiscal Year End Month 31/ Dec



ß®

118


Fidelity Funds - Fidelity Patrimoine A-Acc-EUR


QQQ

Investment Objective The fund’s objective is to adopt a conservative approachand provide moderate long-term capital growthprimarily through investment in a range of global assetsproviding exposure to equities, bonds, commodities andcash. Investments in bonds and cash will have anemphasis on Euro denominated securities. Anycommodity exposure for this fund will be obtainedthrough eligible instruments and derivatives such as(but not limited to) units/shares of UCITS/or other UCIs,Exchange Traded Funds and commodity index swap...

10.010.511.011.512.012.513.013.514.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




1,755,102,844,643,75



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Bloomberg Commodity... - 9,03Germany (Federal Republic... - 4,37Fidelity ILF - EUR A Acc - 3,89Spain(Kingdom Of)... - 2,82MSCI Europe2017-09-18 - 2,56 France(Govt Of)2020-02-25 - 2,51Italy(Rep Of) 1.35%2022-04-15 - 1,90Italy(Rep Of) 4.5%2024-03-01 - 1,76Italy(Rep Of) 2.05%2027-08-01 - 1,41Ireland(Rep Of) 1%2026-05-15 - 1,19 Total Stock Holdings 890Total Bond Holdings 337Assets in Top 10 Holdings % 31,42


h Cyclical 39,40





Americas 38,53




Greater Asia 12,57


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 31 Dec 1997Fund Manager David GanozziManager Start Date 1 Mar 2001NAV (1 Nov 2017) 12,77 EUR


Annual Management Fee 1,40%Actual Front Load 5,25%Ongoing Charge (03 Aug 2017) -Fiscal Year End Month 30/ Apr



ß®

119


smart-invest - HELIOS AR B


QQQ

Investment Objective The objective of the fund is a having a balanced, above-average long-term capital growth and a positiveabsolute return each year. This goal is achieved by atrend-following strategy that uses positive marketdevelopments in equity funds. Under negative marketdevelopments a hedging strategy is used to part withthe positions held. Here, management is not driven byany benchmark.

10.010.511.011.512.012.513.013.5

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




7,948,763,114,734,89



Risk Measures




applicable)

Portfolio 31 Oct 2017






Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Ossiam US Minimum Var ESG NR... - 7,60LO Funds Convertible Bond EUR NA - 7,59Nordea 1 - Global Stable Eq... - 7,51JOHCM UK Opportunities A GBP Acc - 5,97Lyxor World Water ETF D-EUR A/I - 5,11 Robeco QI European Cnsrv Eqs I € - 5,02MS INVF Global Brands Z - 4,92Schroder ISF US Sm & MdCp Eq C... - 4,03MS INVF Global Infrastructure Z - 3,93Templeton Frontier Markets... - 3,88 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 55,57


h Cyclical 40,25





Americas 30,30




Greater Asia 25,19


Operations

Fund Company Axxion SAPhone +352 769 494602Website www.axxion.luInception Date 31 Jul 2002Fund Manager Not DisclosedManager Start Date 3 Dec 2013NAV (31 Oct 2017) 51,67 EUR


Annual Management Fee 1,25%Actual Front Load 5,26%Ongoing Charge (17 Jul 2017) 2,84%Fiscal Year End Month 30/ Jun



ß®

120



ß®


ESPA Portfolio Balanced 30 T


QQQ

Investment Objective ESPA PORTFOLIO BALANCED 30 is an absolute returnfund which invests in equities (0%-30%) and in bondfunds (60-100 %). The tactical asset allocation in termsof shares and bonds serves the purpose of income andrisk optimization. Up to 10% is invested in alternativeinvestments. Foreign-exchange is generally hedged. OnAugust 18th 2008, absolute return was set as the newinvestment approach of ESPA PORTFOLIO BALANCED30. The fund is suitable for a long-term increase of thecapital base.

10.0

10.5

11.0

11.5

12.0

12.5

13.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

10,05 4,56 7,96 -1,93 2,25 3,34 Fund






3,343,161,713,574,02



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


ESPA Bond USA Corporate T - 9,99ESPA Bond USA High Yield T - 7,44iShares Core € Corp Bond ETF... - 5,01ESPA Mortgage T - 4,99BGF Emerging Markets Lcl Ccy... - 4,92 XT USA T - 4,20Allianz Euro Inflationlinked... - 4,00Generali IS Euro Bond 1/3Y BX - 3,99M&G European Index Tracker... - 3,37XT BOND EUR T - 3,21 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 51,13


h Cyclical 42,96





Americas 44,80




Greater Asia 19,64


Operations

Fund Company ERSTE-SPARINVEST...Phone +43 5010019881Website www.erste-am.comInception Date 11 Aug 2008Fund Manager Karl AltrichterManager Start Date 12 Nov 2015NAV (31 Oct 2017) 74,81 EUR

Fund Size (mil) 326,96 EURShare Class Size (mil) 118,95 EURDomicile AustriaCurrency EURUCITS YesInc/Acc AccISIN AT0000A09R60

Annual Management Fee 0,90%Actual Front Load 3,50%Ongoing Charge (17 Feb 2017) 1,08%Fiscal Year End Month 31/ Oct

121



ß®


ESPA Portfolio Balanced 30 T ESPA Portfolio Balanced 30 T may make significant investments in investment funds (UCITS, UCI) within the meaning of Section 71 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

122



ß®


ESPA Portfolio Balanced 50 T


QQQ

Investment Objective ESPA PORTFOLIO BALANCED 50 is an Absolute ReturnFund that invests 0% -50% in equities and 40% -100%in bond funds. The tactical asset allocation in terms ofequity and bonds serves the purpose of income and riskoptimization. Up to 10% is invested in alternativeinvestments. Foreign exchange is generally hedged. Theinvestment approach of an bsolute return wasestablished on the first of September 2008. The fund issuitable for a long-term increase of the capital base.

10.010.511.011.512.012.513.013.5

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

9,28 5,67 8,40 -2,70 2,02 4,73 Fund






4,735,171,963,911,66



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


ESPA Bond USA High Yield T - 9,98XT USA T - 7,19M&G European Index Tracker... - 5,71ESPA Mortgage T - 4,94BGF Emerging Markets Lcl Ccy... - 4,89 Schroder ISF Emerg Europe C Acc - 4,30Allianz Euro Inflationlinked... - 3,97Generali IS Euro Bond 1/3Y BX - 3,97AXA Rosenberg US Enh Idx Eq... - 3,47Pictet-USA Index I USD - 3,47 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 51,89


h Cyclical 43,46





Americas 44,41




Greater Asia 20,53


Operations

Fund Company ERSTE-SPARINVEST...Phone +43 5010019881Website www.erste-am.comInception Date 11 Dec 2000Fund Manager Karl AltrichterManager Start Date 12 Nov 2015NAV (31 Oct 2017) 117,68 EUR


Annual Management Fee 1,20%Actual Front Load 3,50%Ongoing Charge (26 May 2017) -Fiscal Year End Month 31/ Aug

123



ß®


ESPA Portfolio Balanced 50 T ESPA Portfolio Balanced 50 T may make significant investments in investment funds (UCITS, UCI) within the meaning of Section 71 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

124


Ethna-DEFENSIV T


QQQQ

Investment Objective The Fund invests its assets in all types of securities,including equities, bonds, money-market instruments,certificates, other funds and fixed-term deposits. Theamount invested in any of the individual investmentcategories mentioned above (except other funds andequities) may be between 0% and 100%. The Fund maynot invest more than 10% of its assets in other fundsor in equities. For hedging purposes or to increase itsassets, the Fund may use financial instruments whosevalue depends on the future prices of...

10.0

10.5

11.0

11.5

12.0

12.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




2,921,141,562,404,72



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


At&T 2.35%2029-09-04 - 2,18Nasdaq 3.85%2026-06-30 - 1,71Diamond 1 Fin Corp/Diamond 2... - 1,66Bahamas Comwlth 5.75%2024-01-16 - 1,52Pfizer 1%2027-03-06 - 1,46 Apple 3.35%2027-02-09 - 1,45Mexico Utd Mex St 5%2019-12-11 - 1,33Micron Tech 7.5%2023-09-15 - 1,30Intl Busn Machs 3.45%2026-02-19 - 1,29Apple 1.375%2029-05-24 - 1,27 Total Stock Holdings 0Total Bond Holdings 117Assets in Top 10 Holdings % 15,18


h Cyclical 0,00




No Data Available

Operations

Fund Company ETHENEA Independent...Phone +352 27 692120Website www.ethenea.comInception Date 2 Apr 2007Fund Manager Guido BarthelsManager Start Date 1 Jun 2008NAV (31 Oct 2017) 162,85 EUR





ß®

125


Ethna-DYNAMISCH T


QQQQ

Investment Objective The principal objective of the Fund’s investment policyis to achieve a reasonable growth in value in eurosgiving consideration to stability of value, security ofcapital and liquidity of the Fund assets. In order toachieve this investment objective, the Fund’s assets willbe invested, in accordance with the principle of riskdiversification, in open equity, bond or money-marketfunds and in exchange-traded futures (ETFs) and alsodirectly in worldwide equities, fixed or variable interestbonds and money...

10.0

11.0

12.0

13.0

14.0

15.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




7,059,264,276,326,50



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Xetra-Gold - 4,55Samsung Electronics Co Ltd... - 2,55Pargesa Holding SA p 2,35Allianz SE y 2,35Deutsche Lufthansa AG p 2,21 AXA SA y 2,12Nippon Telegraph & Telephone... i 2,11Vonovia SE u 2,10ABN AMRO Group NV DR y 2,08Oracle Corp a 2,05 Total Stock Holdings 38Total Bond Holdings 7Assets in Top 10 Holdings % 24,47


h Cyclical 47,90





Americas 25,04




Greater Asia 15,13


Operations

Fund Company ETHENEA Independent...Phone +352 27 692120Website www.ethenea.comInception Date 10 Nov 2009Fund Manager Christian SchmittManager Start Date 15 Jul 2016NAV (31 Oct 2017) 82,61 EUR





ß®

126


Ethna-AKTIV T


QQQQ

Investment Objective The main objective of Ethna-AKTIV is to achieveappropriate growth in EUR, taking into account thefollowing criteria: value retention, security of the capitaland liquidity of the Fund's assets. The Fund invests itsassets in all types of securities, including equities,bonds, money-market instruments, certificates andfixed-term deposits. The total proportion invested inequities, equity funds and share-type securities may notexceed 49% of the Fund's net assets. The Fund may notinvest more than 10% of its...

10.0

10.5

11.0

11.5

12.0

12.5

13.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




5,704,370,782,986,58



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Jab Consumer Fund Sca Sicar... - 2,09iShares JPMorgan EM Lcl Govt... - 1,50Xerox 4.8%2035-03-01 - 1,39Amundi ETF MSCI EM Asia EUR A/I - 1,24Alibaba Group Holding Ltd ADR t 1,05 Visa Inc Class A y 1,01Softbank Grp 5.125%2027-09-19 - 0,99Kering SA t 0,92Amazon.com Inc t 0,92Mellinckrodt 2 SICAV German... - 0,84 Total Stock Holdings 56Total Bond Holdings 150Assets in Top 10 Holdings % 11,96


h Cyclical 53,53





Americas 24,75




Greater Asia 26,66


Operations

Fund Company ETHENEA Independent...Phone +352 27 692120Website www.ethenea.comInception Date 1 Jul 2009Fund Manager Luca PesariniManager Start Date 15 Feb 2002NAV (31 Oct 2017) 136,00 EUR





ß®

127


Bantleon Opportunities S PT


Q

Investment Objective BANTLEON OPPORTUNITIES S(mall) is an absolute-return fund that focuses on high-quality bonds. Theinvestment objective is to generate high returns on aregular basis by consistently adapting bond maturitiesand equity exposure to projected economicdevelopments while avoiding debtor and exchange raterisks.

10.010.310.510.811.011.311.511.8

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

7,58 2,99 -0,46 -0,05 -1,55 0,01 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



0,010,08

-0,360,593,48


3 Years -1,075 Years 2,9810 Years -Since Inception 39,40

Risk Measures




applicable)



Stocks 10,02Bonds 103,80Cash -13,82Other 0,00




Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Us 10yr Treasury Note Future... - 28,17Euro Stoxx 50 Index Future... - 10,02Germany (Federal Republic Of)... - 7,31Esm 0.875%2019-10-15 - 6,32Bund-Lander-Anleih... - 5,80 Italy(Rep Of) 1.45%2022-09-15 - 5,66Deutsche Postbank... - 4,28Germany (Federal Republic Of)... - 3,92Cie Fin Foncie-Cff... - 3,88Ing Bk Nv 1.875%2023-05-22 - 3,56 Total Stock Holdings 0Total Bond Holdings 55Assets in Top 10 Holdings % 78,91


h Cyclical 0,00




No Data Available

Operations

Fund Company Bantleon AGPhone +49.511.288 798-20Website www.bantleon.comInception Date 1 Sep 2010Fund Manager Not DisclosedManager Start Date 15 Feb 2008NAV (31 Oct 2017) 113,96 EUR


Annual Management Fee 1,40%Actual Front Load -Ongoing Charge (01 Jun 2017) 1,25%Fiscal Year End Month 30/ Nov



ß®

128


Bantleon Opportunities L PT


Q

Investment Objective BANTLEON OPPORTUNITIES L(arge) is an absolute-return fund that focuses on high-quality bonds. Theinvestment objective is to generate high returns on aregular basis by consistently adapting bond maturitiesand equity exposure to projected economicdevelopments while avoiding debtor and exchange raterisks.

10.0

10.5

11.0

11.5

12.0

12.5

13.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

12,65 6,39 -1,76 0,54 -2,82 0,93 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



0,932,15

-0,161,345,23



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Us 10yr Treasury Note Future... - 27,81Euro Stoxx 50 Index Future... - 19,96Germany (Federal Republic Of)... - 17,19Germany (Federal Republic... - 16,34Us Long Bond Future... - 9,22 Germany (Federal Republic Of)... - 9,02Dexia Credit Loc 1.25%2024-11-26 - 7,01Unedic 0.625%2026-03-03 - 5,68France(Govt Of) 0.5%2025-05-25 - 5,51Italy(Rep Of) 1.45%2022-09-15 - 5,44 Total Stock Holdings 0Total Bond Holdings 30Assets in Top 10 Holdings % 123,18


h Cyclical 0,00




No Data Available

Operations

Fund Company Bantleon AGPhone +49.511.288 798-20Website www.bantleon.comInception Date 1 Sep 2010Fund Manager Not DisclosedManager Start Date 31 Mar 2008NAV (31 Oct 2017) 119,48 EUR


Annual Management Fee 2,10%Actual Front Load -Ongoing Charge (26 Jan 2017) 1,95%Fiscal Year End Month 30/ Nov



ß®

129


C-QUADRAT ARTS Total Return Flexible T (EUR)


QQQ

Investment Objective The fund’s investment objective is to achievereasonable yields and to generate the highest possiblelong-term capital growth while not relying on abenchmark. For that purpose, fund management usesone of the technical trading programs developed byARTS Asset Management GmbH with mid-term trendfollowing setup. The funds that manifest a positivetrend development are weighted strongest in theportfolio.

10.0

11.0

12.0

13.0

14.0

15.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




9,979,783,325,792,59



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


MS INVF Global Opportunity AH... - 9,06ComStage SDAX® ETF - 8,65AB SICAV I Global Core Eq A... - 7,70AB SICAV I Thematic Research A... - 6,10UBS ETF MSCI EMU Small Cap EUR... - 5,53 Danske Invest SICAV Europe... - 4,11Allianz Wachstum Euroland A EUR - 3,84Invesco Asia Infrastructure A... - 3,57Invesco Greater China Equity A... - 3,55DB Platinum CROCI Branchen... - 3,53 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 55,65


h Cyclical 42,15





Americas 27,93




Greater Asia 18,26


Operations

Fund Company HANSAINVEST

Hanseatische...Phone +49 40 30057 6296Website www.hansainvest.comInception Date 13 Dec 2010Fund Manager Not DisclosedManager Start Date 8 Nov 2010NAV (1 Nov 2017) 118,28 EUR

Fund Size (mil) 141,23 EURShare Class Size (mil) 99,14 EURDomicile GermanyCurrency EURUCITS YesInc/Acc AccISIN DE000A0YJMN7




ß®

130


C-QUADRAT Absolute Return ESG R T


QQ

Investment Objective The Fund is a world of scattered investment fund issuitable as a core investment for each portfolio . TheFund's objectives are continuous capital appreciationand highest possible safety through optimizedscattering across all asset classes and active riskmanagement. The actively managed portfolio is shiftedby changes in economic and capital market conditions .Optimal risk-return profile - In up markets , the focus ison performance optimization, and bad on the protectionagainst losses. The Fund is an...

10.0

10.3

10.5

10.8

11.0

11.3

11.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




0,68-1,730,300,901,67



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Finland(Rep Of) 1.125%2018-09-15 - 4,42Austria(Rep Of) 0.25%2019-10-18 - 4,42Merck & Co 2.8%2023-05-18 - 3,74Coca Cola 2.875%2025-10-27 - 3,73Microsoft 2.375%2023-05-01 - 3,66 Alphabet 3.375%2024-02-25 - 3,60Roche Hldgs 3.35%2024-09-30 - 3,56Spain(Kingdom Of)... - 3,50Poland(Rep Of) 1.5%2025-09-09 - 3,04Spain(Kingdom Of)... - 3,00 Total Stock Holdings 22Total Bond Holdings 26Assets in Top 10 Holdings % 36,67


h Cyclical 36,59





Americas 62,58




Greater Asia 2,81


Operations

Fund Company Raiffeisen Kapitalanlage...Phone +431711700Website www.rcm.atInception Date 27 Nov 2000Fund Manager Not DisclosedManager Start Date 9 Oct 2013NAV (31 Oct 2017) 11,92 EUR


Annual Management Fee 1,54%Actual Front Load 3,00%Ongoing Charge (22 Feb 2016) -Fiscal Year End Month 30/ Sep



ß®

131


Veri ETF-Dachfonds P


QQQQ

Investment Objective The ETF FUND OF FUNDS is a globally investing, activelymanaged fund of funds that invests predominantly inexchange-traded funds (ETFs). The globally-orientedfund of funds invests in equities, fixed income andmoney market ETFs. In doing so, the advantages of fundof funds are combined together with advantages of ETFsin one fund. The share quote is flexibly controlled from0-100%. There are no asset-based fees.

10.0

10.5

11.0

11.5

12.0

12.5

13.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




5,989,984,685,024,24



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Source MSCI World ETF - 10,32Lyxor MSCI Emerging Markets... - 9,23Amundi ETF MSCI Emerging... - 9,20DBXT MSCI USA ETF 1C - 9,12Amundi ETF MSCI EM Asia EUR A/I - 6,00 Amundi ETF Japan Topix EUR A/I - 5,73UBS ETF MSCI Europe EUR A dis - 4,99DBXT MSCI EM LatAm ETF 1C - 4,61DBXT MSCI EM EMEA ETF 1C - 4,45UBS ETF MSCI USA USD A dis - 4,03 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 67,68


h Cyclical 43,66





Americas 43,61




Greater Asia 27,03


Operations

Fund Company Veritas Investment GmbHPhone +49 (0)69 97 57 43-10Website www.veritas-

investment.deInception Date 2 Apr 2007Fund Manager Marcus RussManager Start Date 1 Sep 2013NAV (1 Nov 2017) 15,46 EUR





ß®

132


Templeton Global Total Return Fund A(acc)EUR-H1


QQQQ

Investment Objective The Fund aims to maximise total investment returnconsisting of a combination of interest income, capitalappreciation, and currency gains by investing principallyin a portfolio of fixed and/or floating rate debt securitiesand debt obligations issued by government andgovernment- related issuers or corporate entitiesworldwide as well as certain financial instruments forinvestment purposes. The Fund may also purchasemortgage and asset- backed securities, convertiblebonds and debt obligations issued by...

10.0

10.5

11.0

11.5

12.0

12.5

13.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




3,118,95

-0,111,706,46



Risk Measures

3-Yr Alpha 1,423-Yr Beta -0,54Tracking Error 8,14


Calculations use BBgBarc Global Aggregate TR Hdg EUR (where applicable)






LowM

edHighCredit Q


-0,03


3,47


0,11

Credit Quality % %

AAA 0,17 BBB 35,13AA 11,31 BB 20,87A 19,72 B 12,71



FHLBA2017-09-01 4,56Korea(Republic Of) 2%2021-03-10 3,68Brazil Federative Rep2019-07-01 3,42India (Rep Of) 7.68%2023-12-15 2,89Mexico Utd Mex St 5%2019-12-11 2,68 Argentina (Rep Of) 15.5%2026-10-17 2,31Brazil Federative Rep 10%2021-01-01 2,26FHLBA2017-09-07 2,19Mexico Utd Mex St2017-09-14 2,14FHLBA2017-09-06 2,06 Total Stock Holdings 3Total Bond Holdings 163Assets in Top 10 Holdings % 28,18

Maturity Range %


Coupon Range %


Operations

Fund Company Franklin Templeton...Phone +352 46 66 67 1Website www.franklintempleton.luInception Date 10 Apr 2007Fund Manager Michael HasenstabManager Start Date 29 Aug 2003NAV (1 Nov 2017) 21,54 EUR


Annual Management Fee 0,75%Actual Front Load -Ongoing Charge (19 Sep 2017) 1,43%Fiscal Year End Month 30/ Jun



ß®

133


ARIQON Konservativ T


QQQ


10.010.310.510.811.011.311.511.8

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




2,762,501,151,674,10



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


La Française Trésorerie I - 6,06Deutsche Invest I Eu Hi Yld... - 5,57Global Evolution Frontier Mkts... - 5,54iShares € High Yield CorpBd... - 4,54Aramea Rendite Plus A - 4,08 UBAM Emerging Market Corp Bd... - 4,02ESPA Bond Europe High Yield T - 3,18DNB SICAV High Yield inst A... - 3,11GAM Star Credit Opps (EUR) Ord... - 3,10Hermes Global High Yld Crdt F... - 3,06 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 42,25


h Cyclical 24,33





Americas 4,05




Greater Asia 0,00


Operations

Fund Company Semper Constantia Invest...Phone +43 1 536 16-0Website www.semperconstantia.atInception Date 2 Aug 2004Fund Manager Michael HanakManager Start Date 2 Aug 2004NAV (31 Oct 2017) 16,02 EUR





ß®

134


ARIQON Alternative Strategies


-


10.0

10.3

10.5

10.8

11.0

11.3

11.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




3,624,591,842,041,49



Risk Measures









Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


THEAM Quant-Eq Guru Long Short I - 7,09Old Mutual Global Eq AR A €... - 7,01JPM Global Macro Opps C (acc)... - 6,15Melchior Velox I1 EUR (Hedged) - 5,02Artemis US Absolute Return I... - 5,00 Acatis - Gané Value Event... - 4,29ACATIS ELM Konzept - 4,15BlueBay Global Sovereign Opps... - 4,08GREIFF special situations Fund... - 4,07Invesco Pan European Hi Inc A... - 4,04 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 50,88


h Cyclical 34,35





Americas 30,46




Greater Asia 16,58


Operations

Fund Company Semper Constantia Invest...Phone +43 1 536 16-0Website www.semperconstantia.atInception Date 13 Jul 2011Fund Manager Not DisclosedManager Start Date 13 Jul 2011NAV (31 Oct 2017) 109,76 EUR

Fund Size (mil) - EURShare Class Size (mil) 3,53 EURDomicile AustriaCurrency EURUCITS YesInc/Acc AccISIN AT0000A0PS71

Annual Management Fee 2,00%Actual Front Load 5,00%Ongoing Charge (10 Apr 2017) -Fiscal Year End Month 31/ Mar



ß®

135


C-QUADRAT ARTS Total Return Vorsorge T


QQQ


10.010.511.011.512.012.513.013.514.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




7,848,243,754,763,52



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


iShares € Govt Bond 1-3yr ETF... - 13,32AXAWF Global Emerg Mkts Bds F... - 9,61Vontobel Global Equity H - 8,89Schroder ISF Glbl Clmt Chg Eq... - 7,90Schroder ISF Eur Smaller Coms... - 5,19 DBXT II Euroz GovtBdYldPlus... - 4,55Fidelity Global Demographics... - 4,52Mündelrent A - 3,44Vontobel Europ Mid & Sm Cap Eq B - 3,35Deka Dt. Börse EUROGOV® France... - 3,26 Total Stock Holdings 26Total Bond Holdings 0Assets in Top 10 Holdings % 64,04


h Cyclical 41,58





Americas 20,58




Greater Asia 7,42


Operations

Fund Company Ampega Investment GmbHPhone +49 221 790799799Website www.Ampega.deInception Date 4 Jan 2007Fund Manager Leo WillertManager Start Date 4 Jan 2007NAV (31 Oct 2017) 149,43 EUR

Fund Size (mil) 72,92 EURShare Class Size (mil) 44,95 EURDomicile AustriaCurrency EURUCITS YesInc/Acc AccISIN AT0000A02PE1

Annual Management Fee 1,65%Actual Front Load 5,00%Ongoing Charge (20 Feb 2017) -Fiscal Year End Month 31/ Oct



ß®

136


Flossbach von Storch - Multiple Opportunities II R


QQQQ

Investment Objective The objective of the investment policy of Flossbach vonStorch - Multiple Opportunities II ("sub-fund") is toachieve reasonable growth in the Sub-Fund's currencywhile taking into consideration the risk involved for theinvestors.

10.011.012.013.014.015.016.017.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




4,596,897,467,979,15



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Berkshire Hathaway Inc B y 5,13Daimler AG t 5,08Nestle SA s 5,03Xetra-Gold - 4,86Source Physical Gold P-ETC - 4,79 Novo Nordisk A/S B d 2,66Abbott Laboratories d 2,53Michael Kors Holdings Ltd t 2,45Novartis AG d 2,37 Total Stock Holdings 47Total Bond Holdings 15Assets in Top 10 Holdings % 34,91


h Cyclical 40,77





Americas 44,68




Greater Asia 4,63


Operations

Fund Company Flossbach von Storch...Phone +352 26 458422Website www.fvsinvest.luInception Date 1 Oct 2013Fund Manager Bert FlossbachManager Start Date 1 Oct 2013NAV (31 Oct 2017) 132,04 EUR





ß®

137


Nordea 1 - Stable Return Fund BP EUR


QQQQ

Investment Objective The fund aims to preserve shareholders' capital (over athree year investment horizon) and provide a stable,positive rate of return on investment. Investments aremade globally in equities, bonds (including bondsconvertible in equity shares) and money marketinstruments denominated in various currencies. Thissub-fund may also invest in financial derivativeinstruments - like equity and fixed income futures - toadjust the portfolio's beta and duration.

10.010.511.011.512.012.513.013.514.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




2,321,213,385,174,38



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


US Treasury Note 2%2025-02-15 - 2,47Stadshypotek Ab 2.5%2019-09-18 - 2,00Amgen Inc d 1,59CVS Health Corp d 1,52Nykredit Realkredi... - 1,42 US Treasury Note 2%2023-02-15 - 1,34Swedbank Mortgage... - 1,34Walgreens Boots Alliance Inc s 1,33Verizon Communications Inc i 1,32Realkredit Danmark 1%2019-04-01 - 1,28 Total Stock Holdings 250Total Bond Holdings 239Assets in Top 10 Holdings % 15,60


h Cyclical 28,53





Americas 55,05




Greater Asia 24,60


Operations

Fund Company Nordea Investment Funds

SAPhone 00352 43 39 50 1Website www.nordea.luInception Date 2 Nov 2005Fund Manager Claus VormManager Start Date 2 Nov 2005NAV (31 Oct 2017) 16,73 EUR


Annual Management Fee 1,50%Actual Front Load 5,00%Ongoing Charge (23 Oct 2017) 1,79%Fiscal Year End Month 31/ Dec



ß®

138


Fidelity Funds - SMART Global Defensive Fund A-DIST-EUR


QQQ

Investment Objective The fund’s objective is to provide investors with adiscretionary management service by selecting a highlydiversified investment in equities, bonds and liquidassets, which will be managed in line with the policiesapplicable to several of the other funds. The weightingsof each of these funds will vary in accordance with theinvestment objective and individual marketdevelopments. This is achieved by co-managing theassets of the fund with those of several other regionalor country specific funds within the...

10.0

11.0

12.0

13.0

14.0

15.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




-4,84-0,311,514,655,23



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Short Gilt Future... - 3,34SPDR® S&P US Dividend... - 3,18US Treasury Note2024-07-15 - 2,72SGX 10-Year Mini Japanese... - 2,57Fidelity ILF - USD A Acc - 2,42 Euro Stoxx 50 Sept172017-09-15 - 2,29MSCI Pacific ex Japan NTR... - 2,26Mini Nikkei 225 Index Future... - 2,09Ultra 10-Year U.S. Treasury... - 1,96FTSE 100 Index Future... - 1,85 Total Stock Holdings 241Total Bond Holdings 610Assets in Top 10 Holdings % 24,68


h Cyclical 44,08





Americas 48,16




Greater Asia 10,83


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 26 Jun 1995Fund Manager Eugene PhilalithisManager Start Date 30 Apr 2013NAV (1 Nov 2017) 12,05 EUR





ß®

139


Fidelity Funds - SMART Global Moderate Fund A-DIST-USD


-

Investment Objective The fund’s objective is to provide investors with adiscretionary management service by selecting a highlydiversified investment in equities, bonds and liquidassets, which will be managed in line with the policiesapplicable to several of the other funds. The weightingsof each of these funds will vary in accordance with theinvestment objective and individual marketdevelopments. This is achieved by co-managing theassets of the fund with those of several other regionalor country specific funds within the...

10.0

10.2

10.4

10.6

10.8

11.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

- - - - - -0,25 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



0,265,59

--

5,26



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Mini Nikkei 225 Index Future... - 8,77Euro Stoxx 50 Dec172017-12-15 - 8,47FTSE 100 TR (Declared... - 8,21MSCI Pacific ex Japan NTR... - 8,05E-mini S&P 500 Dec172017-12-15 - 6,97 mini MSCI Emerging Markets... - 6,74Bbg Enrgy Tr (Bnp)(Cml)... - 2,26SPDR® S&P US Dividend... - 2,21Euro BOBL Future Dec172017-12-07 - 1,89Amex Cons Stapls Sel Sect... - 1,21 Total Stock Holdings 239Total Bond Holdings 582Assets in Top 10 Holdings % 54,78


h Cyclical 41,22





Americas 38,76




Greater Asia 15,10


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 31 Dec 1997Fund Manager Eugene PhilalithisManager Start Date 30 Jun 2016NAV (1 Nov 2017) 26,39 USD




Effective 30/06/2016, this fund's investment strategy changed to the extent that its record prior to that date is not relevant to its new format. Performance prior to that date is not shown.


ß®

140


Fidelity Funds - SMART Global Moderate Fund A-DIST-EUR (EUR/USD hedged)


-

Investment Objective The fund aims to provide moderate long term capitalgrowth by investing in a range of global asset classes.The fund will actively allocate to, and within, differentasset classes and geographies based on their potentialto generate moderate capital growth or reduce risk orvolatility within the overall portfolio. The main assetclasses in which the fund will invest include globalgovernment bonds, global inflation linked bonds, globalcorporate bonds including investment grade bonds,global high yield bonds,...

10.0

10.2

10.4

10.6

10.8

11.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

- - - - - 6,86 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



8,668,99

--

6,88



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Mini Nikkei 225 Index Future... - 8,77Euro Stoxx 50 Dec172017-12-15 - 8,47FTSE 100 TR (Declared... - 8,21MSCI Pacific ex Japan NTR... - 8,05E-mini S&P 500 Dec172017-12-15 - 6,97 mini MSCI Emerging Markets... - 6,74Bbg Enrgy Tr (Bnp)(Cml)... - 2,26SPDR® S&P US Dividend... - 2,21Euro BOBL Future Dec172017-12-07 - 1,89Amex Cons Stapls Sel Sect... - 1,21 Total Stock Holdings 239Total Bond Holdings 582Assets in Top 10 Holdings % 54,78


h Cyclical 41,22





Americas 38,76




Greater Asia 15,10


Operations

Fund Company Fidelity (FIL Inv Mgmt...Phone + 49 (0) 800 000 65 66Website www.fidelity.deInception Date 30 Jun 2016Fund Manager Eugene PhilalithisManager Start Date 30 Jun 2016NAV (1 Nov 2017) 10,87 EUR


Annual Management Fee 1,25%Actual Front Load -Ongoing Charge (02 Oct 2017) -Fiscal Year End Month 30/ Apr


Effective 30/06/2016, this fund's investment strategy changed to the extent that its record prior to that date is not relevant to its new format. Performance prior to that date is not shown.


ß®

141


Schoellerbank Vorsorgefonds T


QQ

Investment Objective Investment in Austrian bonds eligible for trustinvestment. Duration is determined in accordance withthe Schoellerbank bond rating.

10.0

10.3

10.5

10.8

11.0

11.3Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




-0,85-0,710,281,093,28



Risk Measures









LowM

edHighCredit Q

uality


5,74


4,60


4,66

Credit Quality % %

AAA 15,37 BBB 0,00AA 45,50 BB 0,00A 0,00 B 0,00



Oberoest Landesbk 5%2033-04-14 16,67Austria(Rep Of) 6.5%2024-01-10 12,27Salzbg L.H. 15-20 6,36Hypo Tirol Bk Ag 0.5%2021-02-11 6,35Allg.Spark.Ober.15-18 Mtn 6,30 Raif.Laba No 15-18 Mtn 10 6,30Erste Grp Bk Ag 3.5%2022-02-08 5,76Austria(Rep Of) 3.9%2020-07-15 5,63Austria(Rep Of) 0.25%2019-10-18 5,10Raiff. Salzbrg 17-22 12 5,01 Total Stock Holdings 0Total Bond Holdings 18Assets in Top 10 Holdings % 75,75

Maturity Range %


Coupon Range %


Operations






ß®

142


Fair Invest Balanced T


QQ

Investment Objective Fair Invest Balanced makes investments according tothe ethical, ecological and social criteria. The equityfunds in which Fair Invest Balanced invests are selectedaccording to their performance and sustainability. Theselection criteria include ecological goods and services,level of support for the companies’ employees, internalcompany arrangements and responsible relations withemployee representatives. For example, specialattention is paid that the fund does not invest in entitieswith a focus on atomic...

10.0

10.3

10.5

10.8

11.0

11.3Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




3,514,370,930,671,07



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Germany (Federal Republic Of)... - 5,47Spain(Kingdom Of)... - 4,46Nordea 1 - Stable Return BP EUR - 4,15Aberdeen Glb Sel Euro HY Bd I2 - 3,97FISCH CB Sustainable AE - 3,97 Croatia(Rep Of) 3%2025-03-11 - 3,85Mexico(Utd Mex St)... - 3,83Invesco Pan European Hi Inc A... - 3,59M&G Global Fltng Rt Hi Yld... - 3,41Jupiter Dynamic Bond D EUR Acc - 3,35 Total Stock Holdings 6Total Bond Holdings 16Assets in Top 10 Holdings % 40,06


h Cyclical 46,44





Americas 23,33




Greater Asia 6,39


Operations

Fund Company Semper Constantia Invest...Phone +43 1 536 16-0Website www.semperconstantia.atInception Date 13 May 2002Fund Manager Not DisclosedManager Start Date 13 May 2002NAV (31 Oct 2017) 11,22 EUR


Annual Management Fee 1,50%Actual Front Load 5,00%Ongoing Charge (09 May 2017) -Fiscal Year End Month 31/ Oct



ß®

143



ß®


WSTV ESPA traditionell T


QQQ

Investment Objective WSTV TRADITIONELL is a benchmark-oriented fund offunds that invests 33% in equities and 57% in bonds.In addition, up to 10% of the portfolio is invested inalternative investments (including commodities).Tactical asset allocation in terms of equity and bondsserves the purpose income and risk optimization.Foreign exchange is generally hedged. The fund issuitable for a long-term increase of the capital base.

10.010.511.011.512.012.513.013.514.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

9,10 5,68 8,09 0,55 3,13 5,18 Fund






5,186,723,804,794,00



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


ESPA Bond Euro Corporate T - 7,44ESPA Bond USA High Yield T - 7,39ESPA Bond Euro-Rent T - 6,79XT BOND EUR T - 6,76Alpha Diversified 2 Inst T - 6,69 Parvest Equity USA Growth I C - 5,97ESPA Bond USA Corporate T - 5,96JPM US Rsrch Enh Idx Eq I perf... - 5,32Wellington US Research Eq S $... - 5,27T 1851 T - 5,09 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 62,68


h Cyclical 42,25





Americas 49,03




Greater Asia 16,91


Operations



Annual Management Fee 0,96%Actual Front Load 4,00%Ongoing Charge (17 Feb 2017) -Fiscal Year End Month 28/ Feb

144



ß®


WSTV ESPA traditionell T WSTV ESPA traditionell T may make significant investments in investment funds (UCITS, UCI) within the meaning of Section 71 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

145



ß®


WSTV ESPA dynamisch EUR T


QQ

Investment Objective WSTV DYNAMISCH is a benchmark-oriented fund offunds that invests 66% in equities and 23% in bonds.In addition, up to 10% of the portfolio is invested inalternative investments (including commodities).Tactical asset allocation in terms of equity and bondsserves the purpose of optimizing revenue. Foreignexchange is generally hedged. The fund is suitable fora long-term increase of the capital base.

10.0

11.0

12.0

13.0

14.0

15.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

8,32 10,35 8,54 0,85 3,33 8,21 Fund






8,2111,80

5,636,463,90



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Parvest Equity USA Growth I C - 10,52JPM US Rsrch Enh Idx Eq I perf... - 10,41Wellington US Research Eq S $... - 10,37MEAG EuroInvest I - 7,12Alpha Diversified 1 Inst T - 5,92 JPM Europe Rsrch Enh Idx Eq I... - 4,70Schroder ISF Emerg Europe C Acc - 4,36Schroder ISF China... - 4,29ESPA Bond Euro Corporate T - 4,20ESPA Bond USA Corporate T - 4,06 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 65,93


h Cyclical 42,55





Americas 49,02




Greater Asia 18,05


Operations



Annual Management Fee 1,32%Actual Front Load 4,50%Ongoing Charge (17 Feb 2017) -Fiscal Year End Month 28/ Feb

146



ß®


WSTV ESPA dynamisch EUR T WSTV ESPA dynamisch EUR T may make significant investments in derivatives (including swaps and other OTC derivatives) within the meaning of Section 73 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

WSTV ESPA dynamisch EUR T may make significant investments in investment funds (UCITS, UCI) within the meaning of Section 71 of the 2011 Austrian Investment Fund Act (Investmentfondsgesetz 2011).

Financial Market Authority warning: WSTV ESPA dynamisch EUR T may invest up to 20% of its assets in alternative investments pursuant to § 166 paragraph 1 item 3 InvFG 2011, which harbour a significantly higher level of riskthan traditional forms of investment. Especially with such investments, investors may incur losses up to the full amount of the invested capital.

147


Wiener Privatbank Premium Ausgewogen T


QQQ

Investment Objective Wiener Privatbank Premium Ausgewogen is an asset-allocation fund of funds. It invests mainly in bonds(between 50% and a maximum of 70% of fund assets),including ones issued by non EU companies and states.The majority of the issuers have a credit rating of atleast AA.

10.010.511.011.512.012.513.013.514.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




7,578,994,484,742,47



Risk Measures




applicable)

Portfolio 30 Nov 2016






Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Wiener Privatbank European... - 9,79MOZART one T - 9,63Wiener Privatbank European... - 9,34MS INVF Global Brands ZH EUR - 9,18Parvest Bond Euro... - 9,09 M&G Optimal Income Euro C-H Acc - 8,41M&G Global Macro Bond Euro C-H... - 7,33Invesco Japanese Equity Core C... - 5,65Jupiter Dynamic Bond I EUR Acc - 5,55Schroder ISF Glbl Infl Lnk Bd... - 5,50 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 79,46


h Cyclical 48,17





Americas 11,91




Greater Asia 13,06


Operations

Fund Company Semper Constantia Invest...Phone +43 1 536 16-0Website www.semperconstantia.atInception Date 21 Jun 2002Fund Manager Florian RainerManager Start Date 1 Jul 2013NAV (31 Oct 2017) 13,95 EUR


Annual Management Fee 1,50%Actual Front Load 5,00%Ongoing Charge (19 Sep 2017) -Fiscal Year End Month 31/ May



ß®

148


SUPERIOR 3 - Ethik A


QQQQ

Investment Objective SUPERIOR 3 is an investment strategy fund whichfocuses mainly on bonds, where the other securities,such as shares, take up at most 20% of the unit trust´sassets. The long-term goal of the fund is to keep andincrease the capital at lowest possible risk.

10.010.511.011.512.012.513.013.5

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




3,583,832,794,025,32



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Oesterreichische Kontrollbank... - 3,17Lithuania Rep 6.625%2022-02-01 - 2,48State Treas Republic Poland... - 2,33Austria(Rep Of) 1.65%2024-10-21 - 2,19Romania(Rep Of) 2.75%2025-10-29 - 2,03 Latvia Rep Acting Thru Treas... - 1,87Obb-Infrastrukt Ag... - 1,80Portugal(Rep Of)... - 1,42Italy(Rep Of) 4.5%2026-03-01 - 1,32Italy(Rep Of) 5.5%2022-11-01 - 1,28 Total Stock Holdings 230Total Bond Holdings 96Assets in Top 10 Holdings % 19,90


h Cyclical 36,82





Americas 23,09




Greater Asia 10,25


Operations

Fund Company Security Kapitalanlage AGPhone +43(0)316 8071-0Website www.securitykag.atInception Date 18 Nov 1991Fund Manager Alfred KoberManager Start Date 1 Jul 2016NAV (31 Oct 2017) 789,63 EUR





ß®

149


E+S Erfolgs-Invest T


QQQ

Investment Objective Depending on market conditions, opportunities are usedto invest in stocks, bonds, money markets and forhedging purposes, in alternative investments. Indifficult market phases, the medium term capitalpreservation is to be ensured through the use ofcomputer-aided forecast programs. For the purpose ofminimizing currency risk, the investment focus is set onEurope. Plan Asset Allocation: 35%-40% real estateshares 35%-40% Top-Europa Fonds 20%-30% Internat.Chancen.

10.0

11.0

12.0

13.0

14.0

15.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




6,637,577,995,983,24



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


ESPA Reserve Euro Plus T - 8,47Spängler IQAM SparTrust M I T - 7,29Immofinanz AG u 6,85DBXT Stoxx® Europe 600 Food &... - 5,26Spängler IQAM Quality Equity... - 5,23 Nordea 1 - European High Yld... - 5,22Henderson Horizon... - 4,89CA Immobilien Anlagen AG... u 4,87FvS Multiple Opportunities II IT - 3,78iShares Gold Producers ETF USD... - 3,77 Total Stock Holdings 3Total Bond Holdings 0Assets in Top 10 Holdings % 55,63


h Cyclical 68,72





Americas 21,20




Greater Asia 7,88


Operations

Fund Company Semper Constantia Invest...Phone +43 1 536 16-0Website www.semperconstantia.atInception Date 2 May 2005Fund Manager Not DisclosedManager Start Date 1 Oct 2013NAV (31 Oct 2017) 145,34 EUR

Fund Size (mil) - EURShare Class Size (mil) 10,18 EURDomicile AustriaCurrency EURUCITS YesInc/Acc AccISIN AT0000495064

Annual Management Fee 1,80%Actual Front Load 3,50%Ongoing Charge (10 Apr 2017) -Fiscal Year End Month 31/ Mar



ß®

150


Schoellerbank Global Pension Fonds T


QQQQ

Investment Objective Invests min. 50% in Austrian bond funds. The rest isinvested in international equity funds that are approvedfor distribution in Austria and that have an domesticagent for tax purposes.

10.0

11.0

12.0

13.0

14.0

15.0

16.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




5,217,886,296,733,98



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Spängler IQAM SparTrust M R T - 16,20LO Funds Generation Global USD... - 12,79Schroder ISF Euro Equity C Acc - 11,29Fidelity World Y-Acc-EUR - 10,00First Private Euro Dividenden... - 9,11 Schoellerbank Vorsorgefonds T - 8,56Kathrein Euro Bond R T - 8,07ESPA Bond Euro-Reserva T - 7,63UniFavorit: Aktien - 6,22 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 89,87


h Cyclical 42,71





Americas 37,70




Greater Asia 8,29


Operations

Fund Company Schoellerbank Invest AGPhone +43 662 885511-2650Website www.schoellerbank.atInception Date 22 Mar 1999Fund Manager Not DisclosedManager Start Date 1 Oct 2013NAV (31 Oct 2017) 20,34 EUR





ß®

151


Veri ETF-Allocation Defensive R


QQQ

Investment Objective A2A DEFENSIV is the security-oriented component ofthe A2A fund-of-funds family, a category of fund offunds that offer a variety of risk profiles to suit thepreferences of the individual investment goals. Thefocus of the investment profile is generating interest byconcentrating on fixed income and money market funds.Preferably, exchange traded funds (ETFs) are used.Hence, the advantages of fund of funds are combinedwith the advantages of ETFs.

10.010.310.510.811.011.311.511.8

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




3,023,482,202,243,25



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Nordea 1 - Danish Mortgage... - 11,39iShares $ Corp Bond ETF USD Dist - 7,80DB Platinum IV Dividend Eq... - 7,62iShares JP Morgan $ EM Bond... - 7,55Lyxor MSCI Emerging Markets... - 6,75 SPDR® Thomson Reuters Glb... - 6,50iShares $ Treasury Bd 1-3y ETF... - 5,06iShares $ Treasury Bd 7-10y ETF - 4,95UBS ETF MSCI USA USD A dis - 4,65iShares € High Yield CorpBd... - 4,63 Total Stock Holdings 0Total Bond Holdings 2Assets in Top 10 Holdings % 66,91


h Cyclical 41,44





Americas 39,72




Greater Asia 34,31


Operations

Fund Company Veritas Investment GmbHPhone +49 (0)69 97 57 43-10Website www.veritas-

investment.deInception Date 1 Sep 2005Fund Manager Marcus RussManager Start Date 1 Nov 2012NAV (1 Nov 2017) 13,74 EUR


Annual Management Fee 1,00%Actual Front Load 0,00%Ongoing Charge (16 Mar 2017) 1,57%Fiscal Year End Month 31/ Dec



ß®

152


Templeton Emerging Markets Balanced Fund A(acc)EUR-H1


-

Investment Objective The Fund’s investment objective is to maximise,consistent with prudent investment management, acombination of capital appreciation and income. TheFund seeks to achieve its objective by investingprincipally in a diversified portfolio of equity securities,fixed and floating rate debt securities, including low-rated debt securities, and debt obligations issued bygovernment, government-related issuers and corporateentities which are located, incorporated or have theirprincipal business activities in...

8.08.59.09.510.010.511.011.512.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

13,33 -8,05 -6,17 -14,47 13,29 22,35 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



23,0920,56

3,621,27

-0,05


3 Years 11,275 Years 6,5210 Years -Since Inception -0,30

Risk Measures









Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


FHLBA2017-10-02 - 5,95Samsung Electronics Co Ltd a 4,68Taiwan Semiconductor... a 2,83Argentina (Rep Of) 16%2023-10-17 - 2,80Naspers Ltd Class N a 2,72 Brilliance China Automotive... t 2,64Republic Of Colombia... - 2,50Egypt Treasury Bill 04/24/2018... - 2,39Alibaba Group Holding Ltd ADR t 1,87Brazil Federative Rep... - 1,73 Total Stock Holdings 94Total Bond Holdings 99Assets in Top 10 Holdings % 30,10


h Cyclical 46,74





Americas 13,01




Greater Asia 69,80


Operations

Fund Company Franklin Templeton...Phone +352 46 66 67 1Website www.franklintempleton.luInception Date 29 Apr 2011Fund Manager Chetan SehgalManager Start Date 31 May 2017NAV (1 Nov 2017) 9,97 EUR


Annual Management Fee 1,30%Actual Front Load -Ongoing Charge (03 Jul 2017) 2,11%Fiscal Year End Month 30/ Jun



ß®

153


Schroder International Selection Fund Global Multi-Asset Balanced A EUR Acc


QQ


10.0

10.5

11.0

11.5

12.0

12.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




2,963,350,112,253,04



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


US Treasury Note2022-01-15 - 6,58Netherlands (Kingdom... - 6,32Euro Stoxx 50 Equity Index... - 5,20Germany (Federal Republic... - 4,56Netherlands (Kingdom... - 4,56 US Treasury Note2021-04-15 - 4,06Topix Indx Futr Equity Index... - 3,93Cac 40 Index Equity Index... - 3,13Mini Msci Emg Mkt Equity Index... - 2,99Schroder GAIA Cat Bond I USD Acc - 2,37 Total Stock Holdings 537Total Bond Holdings 103Assets in Top 10 Holdings % 43,69


h Cyclical 37,16





Americas 56,26




Greater Asia 18,48


Operations

Fund Company Schroder Investment...Phone +352 341 342 212Website www.schroders.comInception Date 2 Jul 2012Fund Manager Urs DussManager Start Date 2 Jul 2012NAV (1 Nov 2017) 127,45 EUR





ß®

154


Swiss Life Index Funds (LUX) Income (EUR) R Acc


QQQQ

Investment Objective The fund aims to generate a high return in the mediumto long term relative to the risk entered into. The fundinvests at least two-thirds of its assets in other fundsor similar assets which track share and bond indices.The fund may not invest more than one-third of itsassets in other financial instruments. The fund investsat least 51% of its assets in bonds or similar interest-bearing assets. It may also achieve this indirectly bybuying funds. To achieve its aim, the fund may usefinancial instruments whose...

10.0

11.0

12.0

13.0

14.0

15.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




1,743,362,965,104,96



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


SLF (F) Money Market Euro I - 11,20BNP Paribas Money 3M IC - 11,04iShares Core € Corp Bond ETF... - 9,73DBXT II Eurozone Govt Bd 5-7... - 9,46Euro Bobl 09172017-09-11 - 9,38 DBXT II Eurozone Govt Bd ETF... - 8,52Vanguard S&P 500 ETF - 6,71Lyxor EuroMTS AM InvstGrd DR... - 5,75iShares eb.rexx® GovtGer... - 5,69Amundi ETF GvtBd EuroMTS Broad... - 5,10 Total Stock Holdings 0Total Bond Holdings 1Assets in Top 10 Holdings % 82,58


h Cyclical 36,69





Americas 51,77




Greater Asia 12,47


Operations

Fund Company Swiss Life Fund...Phone -Website www.swisslife-am.comInception Date 31 Jul 2008Fund Manager Tatjana PuhanManager Start Date 1 Aug 2014NAV (30 Oct 2017) 156,51 EUR


Annual Management Fee 1,75%Actual Front Load 0,00%Ongoing Charge (13 Jan 2017) -Fiscal Year End Month 31/ Aug



ß®

155


Constantia Multi Invest 5 R T


-


10.010.310.510.811.011.311.511.8

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




1,67-0,29-0,060,940,97



Risk Measures









Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Aiv Sa2040-12-30 - 8,31Dual Return Vision... - 5,29C-QUADRAT Absolute Return ESG... - 5,07Deka-Nachhaltigkeit Renten CF... - 4,81C-QUADRAT Global Quality ESG... - 4,71 C-QUADRAT APM Asian Quality... - 4,70BGF Asian Tiger Bond D2 EUR H - 4,57LLB Anleihen Strategie CEEMENA... - 4,49LionGlobal C-QUAD Asian Bd USD I - 4,45db Physical Gold Euro Hedged ETC - 3,78 Total Stock Holdings 0Total Bond Holdings 11Assets in Top 10 Holdings % 50,16


h Cyclical 51,29





Americas 37,25




Greater Asia 38,50


Operations

Fund Company Semper Constantia Invest...Phone +43 1 536 16-0Website www.semperconstantia.atInception Date 20 May 2010Fund Manager Not DisclosedManager Start Date 22 Aug 2006NAV (31 Oct 2017) 105,76 EUR

Fund Size (mil) - EURShare Class Size (mil) 3,39 EURDomicile AustriaCurrency EURUCITS NoInc/Acc AccISIN AT0000A0J7U8




ß®

156


BlackRock Global Funds - Global Allocation Fund A2 EUR Hedged


QQQ

Investment Objective The Global Allocation Fund seeks to maximise totalreturn. The Fund invests globally in equity, debt andshort term securities, of both corporate andgovernmental issuers, with no prescribed limits. Innormal market conditions the Fund will invest at least70% of its total assets in the securities of corporate andgovernmental issuers. The Fund generally will seek toinvest in securities that are, in the opinion of theInvestment Adviser, undervalued. The Fund may alsoinvest in the equity securities of small and...

10.010.511.011.512.012.513.013.5

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




8,999,982,844,784,42



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


US Treasury Note... - 3,36US Treasury Note... - 3,32SPDR® Gold Shares - 3,26US Treasury Note... - 3,09US Treasury Note 2.25%2027-08-15 - 2,95 US Treasury Note2022-04-15 - 1,79Microsoft Corp a 1,58Australia(Cmnwlth)... - 1,35US Treasury Note... - 1,29Apple Inc a 1,03 Total Stock Holdings 607Total Bond Holdings 145Assets in Top 10 Holdings % 23,02


h Cyclical 36,38





Americas 53,15




Greater Asia 21,12


Operations

Fund Company BlackRock (Luxembourg) SAPhone +44 20 77433000Website www.blackrock.comInception Date 22 Apr 2005Fund Manager Dennis StattmanManager Start Date 30 Jul 1993NAV (31 Oct 2017) 37,35 EUR


Annual Management Fee 1,50%Actual Front Load 5,00%Ongoing Charge (02 Jun 2017) 1,77%Fiscal Year End Month 31/ Aug



ß®

157


JPMorgan Investment Funds - Global Macro Opportunities Fund A (acc) - EUR


-

Investment Objective To achieve capital appreciation in excess of its cashbenchmark by investing primarily in securities, globally,using derivative strategies where appropriate. The Sub-Fund will primarily invest in a portfolio of equity andequity linked securities (including depository receipts,warrants and other participation rights), index andparticipation notes, equity linked notes, commodityindex instruments, convertible securities, fixed andfloating rate debt securities, deposits with creditinstitutions and money market...

10.011.012.013.014.015.016.017.0

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




16,9014,81

9,399,833,56



Risk Measures









Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Spxw Put Usd 2440 07/Jul/2017... - 36,82Ndx Put Usd 5700 30/Jun/2017... - 34,05Stoxx 600 BASIC RES.... - 6,56H-shares Index Future... - 6,25E-mini Financial Select Sector... - 5,94 Samsung Electronics Co Ltd a 4,46Prudential PLC y 3,11Ping An Insurance (Group) Co.... y 2,91AIA Group Ltd y 2,89MSCI Singapore Index... - 2,76 Total Stock Holdings 70Total Bond Holdings 0Assets in Top 10 Holdings % 105,74


h Cyclical 41,55





Americas 22,36




Greater Asia 45,51


Operations



www.jpmorganass...Inception Date 23 Oct 1998Fund Manager Talib SheikhManager Start Date 3 Jan 2004NAV (1 Nov 2017) 195,65 EUR


Annual Management Fee 1,25%Actual Front Load 5,00%Ongoing Charge (06 Jun 2017) 1,45%Fiscal Year End Month 31/ Dec



ß®

158


Schoellerbank Ethik Vorsorge ohne RVO T


QQQQQ


10.0

11.0

12.0

13.0

14.0

15.0

16.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




3,717,316,888,082,22



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Finland(Rep Of) 1.5%2023-04-15 - 5,77Belgium(Kingdom) 2.25%2023-06-22 - 5,65Austria(Rep Of) 1.75%2023-10-20 - 5,52Austria(Rep Of) 3.9%2020-07-15 - 4,56Finland(Rep Of) 0.5%2026-04-15 - 4,08 Austria(Rep Of) 3.5%2021-09-15 - 3,98Deutsche Post AG p 3,45Belgium(Kingdom) 1.25%2018-06-22 - 3,09Roche Holding AG Dividend... - 2,99Austria(Rep Of) 1.95%2019-06-18 - 2,97 Total Stock Holdings 32Total Bond Holdings 9Assets in Top 10 Holdings % 42,05


h Cyclical 24,75

r Basic Materials -t Consumer Cyclical 8,69y Financial Services 16,06u Real Estate - j Sensitive 47,51




Americas 52,27




Greater Asia 15,04


Operations

Fund Company Schoellerbank Invest AGPhone +43 662 885511-2650Website www.schoellerbank.atInception Date 22 Mar 1999Fund Manager Not DisclosedManager Start Date 19 Jan 1998NAV (31 Oct 2017) 12,03 EUR





ß®

159


Weltstrategie PLUS T


QQ


9.810.010.310.510.811.011.311.511.8

Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

- -0,10 8,14 2,13 2,04 1,80 Fund Performance is calculated pursuant to the OeKB method. The administration fee is taken into account in performance. No issue premium is charged for fundpurchases as part of UNITED FUNDS OF SUCCESS. These figures refer to the past and are not a reliable indicator of future performance.



3,415,303,23

-3,05


3 Years 10,015 Years -10 Years -Since Inception 15,95

Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


OptoFlex I - 5,96iShares JP Morgan $ EM Bond... - 4,91MLIS Marshall Wce Tps UCITS MN... - 4,81Jupiter Dynamic Bond I EUR Acc - 3,93iShares Edge MSCI Wld Qual... - 3,93 Spängler IQAM Quality Equity... - 3,40GAM Star Credit Opp (EUR)... - 3,32iShares Edge MSCI World Min... - 3,25Deka DAX® (ausschüttend) ETF - 3,14iShares European Property Yield - 2,78 Total Stock Holdings 2Total Bond Holdings 0Assets in Top 10 Holdings % 39,42


h Cyclical 51,08





Americas 34,54




Greater Asia 22,52


Operations

Fund Company Semper Constantia Invest...Phone +43 1 536 16-0Website www.semperconstantia.atInception Date 28 Nov 2012Fund Manager Not DisclosedManager Start Date 28 Nov 2012NAV (31 Oct 2017) 11,52 EUR

Fund Size (mil) - EURShare Class Size (mil) 6,46 EURDomicile AustriaCurrency EURUCITS YesInc/Acc AccISIN AT0000A0XNA5

Annual Management Fee 2,50%Actual Front Load 5,00%Ongoing Charge (17 Feb 2017) -Fiscal Year End Month 31/ Oct



ß®

160


Swiss Life Index Funds (LUX) Balance (EUR) R Acc


QQQQ

Investment Objective The aim of the fund is to achieve high long-term capitalgrowth, taking into account the investment risk. In orderto achieve this, the fund invests in promising Europeanand international pension and equity markets. Passivelymanaged Exchange Traded Funds (ETFs), which trackindexes and are actively managed within a fund offunds, are used for this purpose. This strategy combinesthe benefits of passive and active managementstrategies within an innovative fund of funds concept.0-70% of the fund is invested...

10.0

11.0

12.0

13.0

14.0

15.0

16.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




3,396,474,206,595,44



Risk Measures




applicable)







Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


BNP Paribas Money 3M IC - 13,60SLF (F) Money Market Euro I - 13,46iShares Core € Corp Bond ETF... - 7,85Dax Index 09172017-09-15 - 7,68Amundi ETF GvtBd EuroMTS Broad... - 7,37 Euro Stoxx 50 09172017-09-15 - 7,31Vanguard S&P 500 ETF - 6,94iShares eb.rexx® GovtGer... - 6,13Amundi 3 - 6 M I - 5,66S&P 500 Emini 09172017-09-15 - 5,52 Total Stock Holdings 0Total Bond Holdings 2Assets in Top 10 Holdings % 81,52


h Cyclical 0,00




No Data Available

Operations

Fund Company Swiss Life Fund...Phone -Website www.swisslife-am.comInception Date 31 Jul 2008Fund Manager Tatjana PuhanManager Start Date 1 Aug 2014NAV (30 Oct 2017) 163,17 EUR


Annual Management Fee 1,75%Actual Front Load 0,00%Ongoing Charge (13 Jan 2017) -Fiscal Year End Month 31/ Aug



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161


C-QUADRAT ARTS Total Return Garant VT


-

Investment Objective C-QUADRAT ARTS Total Return Garant is a fund offunds with flexible investment guidelines and an 80 percent peak guarantee (in relation to the peak daily NAVrealized) on the basis of a CPPI model. This approachdistinguishes between “risky asset” and “non-riskyasset” exposure. The non-risky asset holdings providethe basis for the guarantee level and consist of moneymarket components and bank deposits. The fund’s riskyasset/non-risky asset weighting may fluctuate between0 and 100 %. This is determined by...

10.0

10.5

11.0

11.5

12.0

12.5

13.0Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




2,842,911,123,062,74



Risk Measures









Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


Deutsche Institutional Money... - 8,28AXA IM Euro Liquidity - 8,28Aberdeen Liqdty (Lux) Euro A-2 - 8,28Deka-LiquiditätsPlan2 TF - 7,63Fidelity Euro Cash A-Acc-EUR - 5,47 Schroder ISF Glbl Clmt Chg Eq... - 3,67NN (L) Intl Czech Equity P Cap... - 3,47Schroder ISF Euro Corp Bd C - 3,29Nordea 1 - Danish Mortgage... - 3,29Metzler Euro Corporates AI - 3,28 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 54,94


h Cyclical 45,71





Americas 15,76




Greater Asia 41,32


Operations

Fund Company Ampega Investment GmbHPhone +49 221 790799799Website www.Ampega.deInception Date 11 Dec 2006Fund Manager Leo WillertManager Start Date 11 Dec 2006NAV (31 Oct 2017) 134,28 EUR

Fund Size (mil) 154,15 EURShare Class Size (mil) 154,15 EURDomicile AustriaCurrency EURUCITS YesInc/Acc AccISIN AT0000A03K55




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162

This document is an advertisement. All data is sourced from ERSTE Immobilien Kapitalanlagegesellschaft m.b.H. unless indicated otherwise. Our languages of communication are German and English. The “fund prospectus Information for Investors pursuantto § 21 AIFMG” (fund prospectus) and the simplified prospectus are prepared by ERSTE Immobilien KAG and published in “Amtsblatt zur Wiener Zeitung” in accordance with the provisions of the Alternative Investment Funds Manager Act (Alternative InvestmentFunds Manager-Gesetz, AIFMG, Federal Law Gazette No. 135/2013) in connection with the Real Estate Investment Fund Act (Immobilien-Investmentfondsgesetz/ImmoInvFG) Federal Law Gazette BGBI No.80/2003 in the currently amended version. The fundprospectus and the simplified prospectus can be viewed in their latest versions at the web site www.ersteimmobilien.at or obtained in their latest versions free of charge from the domicile of the ERSTE Immobilien KAG (management company) and thedomicile of the Erste Group Bank AG (custodian bank). The exact date of the most recent publication of the fund prospectus and simplified prospectus, the languages in which the documents are available, and any additional locations where the documentscan be obtained can be viewed on the web site www.ersteimmobilien.at. This document serves as additional information for our investors and is based on the knowledge of the staff responsible for preparing it at the time of preparation. Our analyses andconclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation and risk appetite. Past performance is not a reliable indicator of the future performance of a fund. Please note that investmentsentail risks in addition to the opportunities presented there. Errors and misprints excepted. ERSTE Immobilien Kapitalanlagegesellschaft, Windmühlgasse 22-24, 1060 Wien


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Erste Immobilienfonds A


-

Investment Objective ERSTE IMMOBILIENFONDS is an open-ended realestate fund in accordance with the Austrian Real EstateInvestment Fund Act. The investment focus is onresidential real estate. Office and business spacescomplete the broadly diversified portfolio. Here,existing real estate is combined with residentialprojects. The regional focus of the fund is primarily onAustria, in addition, it also acquires properties inGermany.

10.0

10.3

10.5

10.8

11.0

11.3

11.5Growth Of 10000

(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance

3,27 2,69 2,93 2,12 1,30 1,37 Fund

Performance is calculated pursuant to the OeKB-method. The administration fee of 0.85% is taken into account in performance. No issue premium is charged

for fund purchases as part of UNITED FUNDS OF SUCCESS. Other fees that reduce the return, e.g. individual account and deposit fees, are not taken into

account. These figures refer to the past and are not a reliable indicator of future performance.



1,371,611,772,172,75



Risk Measures


3-Yr Sharpe Ratio 6,373-Yr Std Dev 0,33



Wien, Monte Laa Bauplatz 3 - 4,19Wien, Otto-Probst-Strasse 36-38 - 3,23Hamburg, Harburg, Edelbüttelstra - 2,70Wien, Am Kanal - 2,57Wien, Brünner Strasse 219-221 - 2,54 Graz, Strassganger Strasse - 2,41Hamburg, Alter Postweg (Gilderin - 2,32Wien,seitenberggasse (We-O) - 2,03Wien, Mariahilfer Strasse - 2,00Wien, Sonnenallee 47-49 - 1,80 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 25,80



Operations Fund Company ERSTE Immobilien KAGPhone +43 50100-27530Website www.ersteimmobilien.atInception Date 2 May 2008Fund Manager Not DisclosedManager Start Date 2 May 2008NAV (31 Oct 2017) 107,23 EUR

Fund Size (mil) 1665,43 EURShare Class Size (mil) 940,11 EURDomicile AustriaCurrency EURUCITS NoInc/Acc IncISIN AT0000A08SG7

Annual Management Fee 1,40%Actual Front Load 3,50%Total Expense Ratio -Annual Report Date 30 Apr 2016Ongoing Charge (-) -Fiscal Year End Month 30/ Apr

163


SemperReal Estate T


-


10.0

10.5

11.0

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(EUR)

Fund

2012 2013 2014 2015 2016 10/17 Performance




1,972,382,623,024,45



Risk Measures









Small

Mid

LargeSize


LowM

edHighCredit Q

uality


<25 25-50 50-75 >75


A – 1230 Wien, Anton... - 6,46D – 01069 Dresden,... - 5,38A – 2334 Vösendorf, Nordring... - 4,12A – 2201 Seyring, Brünner... - 3,33A - 2333 Leopoldsdorf, Maria... - 3,20 D – 15230 Frankfurt/Oder,... - 3,07D – 40882 Ratingen,... - 2,85A - 1130 Wien, Hietzinger Kai... - 2,83A – 5280 Braunau Am Inn,... - 2,74D – 04209 Leipzig, Razelstraße... - 2,69 Total Stock Holdings 0Total Bond Holdings 0Assets in Top 10 Holdings % 36,67


h Cyclical 0,00




No Data Available

Operations

Fund Company Semper Constantia Invest...Phone +43 1 536 16-0Website www.semperconstantia.atInception Date 1 Jul 2004Fund Manager Not DisclosedManager Start Date 3 Jul 2009NAV (31 Oct 2017) 169,80 EUR


Annual Management Fee 1,20%Actual Front Load 3,00%Ongoing Charge (-) 1,24%Fiscal Year End Month 31/ Dec



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164

Fund-based life insurance.

NOTES

165


NOTES

166


NOTES

167

INVESTMENT-ABC

ABSOLUTE(TOTAL)RETURNFONDSAbsolute return funds may be invested in various investment classes (e.g. equities, bonds, money market, alternative invest-ments). A special feature is the possibility of adjusting the investment policy – depending on the market phase – between equities, bonds, money market and alternative investments. The objective of absolute return funds is to generate a positive return over an extended period – independently of the market performance (= reference index).

ALTERNATIVE INVESTMENTSThese are capital investments and investment strategies that go beyond classic financial investments (e.g. equities, interest-bearing securities and money market instruments) and are designed to generate returns in every market phase (falling or rising). Their performance is largely decoupled from that of classic financial investments.

ANNUITY FUNDSFunds that largely or exclusively invest their assets in fixed interest securities or money market instruments. Such funds largely achieve an increase in value by interest payments (coupons) and trading in the securities held.

ASSET ALLOCATIONAsset allocation is the distribution of the invested assets between various asset classes, such as equities, bonds, real estate, currencies or hedge funds. The specific objective of asset allocation is the optimisation of the risk/return ratio of the investment, i.e. there is no comparable portfolio that has less risk for the same return. A distinction is made between strategic and tactical asset allocation:Strategic asset allocation: this means the long-term allocation of assets in various investment classes, corresponding to the investor profile in respect of investment objectives, the investment horizon and risk tolerance.

Tactical asset allocation: this is the realisation of short-term opportunities within a selected investment class. Thus fund managers endeavour to generate additional earnings by short-term overweighting of a certain investment category (e.g. North American equities).

BOND FUNDSSee Annuity Funds.

CHARTGraphic presentation of fund Performance.

CIC (CAPITAL INVESTMENT COMPANY) A company which buys securities according to the risk spreading principle and which manages these assets in a fund. The assets of an investment fund belong to the unit holders.

CLASSIFICATION OF COMPANIESA criterion for the selection of stocks by an investment fund, such as the underlying size of the company. Depending on which company size the fund management prefers in its stock selection, we talk of large-cap, mid-cap or small-cap funds (whereby funds in these pure forms are less common than those in mixed forms).

- Large Caps (Blue Chips) Investment funds, which predominantly invest in the stocks of large, publicly quoted companies with a large market

capitalisation. Such companies are also known as blue chips.- Mid Caps Investment funds that principally invest in the stocks of medium-sized companies.

- Small Caps Investment funds which primarily invest in stocks with a relatively low market capitalisation. Due to their special

characteristics (narrowly based market, little demand from foreign buyers), small cap funds are normally exposed to greater fluctuations than blue chip funds (large caps).


168

CORRELATIONIn respect to investment, correlation signifies the relationship between two or more investment classes. A correlation of 1 bet-ween fund 1 (e.g. an equity fund) and fund 2 (e.g. a bond fund) would mean that the two funds perform equally strongly. With a correlation of –1, the magnitude of the performance would be the same but in opposite directions.

COST AVERAGE EFFECT Savings vehicle based on regular investment of fixed amounts of certain securities. The amount available for buying units remains constant, meaning more units can be purchased at lower prices and fewer units at higher prices. Over time this yields an advantageous average price and returns can be generated even if the sale price is below the initial purchase price.

CREDITWORTHINESSCreditworthiness and borrowing capacity of a company. Rating agencies such as Moody's, Fitch or S&P offer standardised classifications of the creditworthiness of companies or states.

CURRENCY RISK The currency risk describes the risk of suffering losses from exchange rate fluctuations either directly due to an unfavourable rate of exchange or indirectly due to disadvantaging of company stocks that are held in the account.

CUSTODIAN BANKThe custodian bank's activities centre on safekeeping the fund assets, regularly setting the price for fund unit certificates as well as issuing and redeeming the latter. In addition it is responsible for auditing the fund company and ongoing activities such as dividend payments.

DISTRIBUTING FUNDSFunds which normally pay dividends once a year. This dividend payment is obtained from earnings that the fund has generated. A dividend payment has the effect of reducing the unit value on the dividend payment date by the dividend amount.

DIVERSIFICATION / PORTFOLIO THEORYDiversification signifies the distribution of assets between several investment classes. The overall risk exposure of the portfolio is minimised by its distribution between various investment classes, as their performance is mutually independent. A fund offers the investor the opportunity to invest in a broadly diversified way, as his risk is spread across many issuers.

DIVIDEND PAYMENTPayment of the earnings obtained (e.g. interest, dividends, price gains) accumulated in the fund assets. The earnings are always paid on fixed dates, usually once a year.

DURATIONThe duration is a measure of the interest rate risk for fixed interest securities. It indicates the date from which interest rate changes no longer affect the price. The duration is also known as the "interest immunisation date" and is defined as the ave-rage capital commitment period of the invested capital.

EMERGING MARKETS FUNDS Funds whose investment universe embraces growth markets such as Eastern Europe, South-East Asia and Latin America.

EQUITY FUNDS Funds whose assets are largely or exclusively invested in equities.

FINANCIAL YEARThe financial year is stated in the fund prospectus. After the financial year the respective statement of accounts is published, as well as any payment of dividends or reinvestment of earnings by the fund company.

FRONTEND LOADThe CIC is entitled to levy a markup on the market value (= price) to cover costs linked to the purchase of units in a fund. The nature and size of the "FEL" can be viewed in the respective fund terms and conditions. No front-end load is levied on the purchase of units in !

GROWTH FUNDS Funds which reinvest all their earnings. The increase in value is compounded by the interest effect. The investor thus benefits from the increase in value of the fund, but does not receive any interim annual dividend.


169

INDEX / BENCHMARKFund managers frequently use a yardstick, known as a benchmark or reference index, to assess the performance of an equity or fund. In this case we speak of benchmark-orientated funds. A comparison of the fund performance and that of the index ma-kes the performance of the fund manager visible and quantifiable. If a fund manager tries to outperform the index (or to minimise any loss in value) by consciously departing from the index com-position, this is referred to as "active management". If, on the other hand, the fund manager aims to shadow the performance of the reference index, this is known as "passive management".

INVESTMENT CERTIFICATE Unit certificate that attests co-ownership of a fund.

INVESTMENT FUNDS An investment fund is a pool of investments that are normally held by several investors, whereby an individual investor can only obtain fractions of the total assets in the said pool (fund). Fund managers trade all the pooled funds on the stock exchange or directly with other market participants. Depending on the fund strategy, the assets are invested in equities, bonds and other fi-nancial instruments. The advantage for investors is that even with a low investment amount they get a broad spread of equities or bonds.

INVESTMENT PROCESS The investment process reflects the fund manager's selection and investment process.

INVESTMENT STYLE / MANAGEMENT STYLE Investment style describes the basic philosophy underlying the management choices made by an investment fund. Common investment styles:

a) Active and passive styles - Active approach:

In this case the fund manager consciously departs from the benchmark to leverage opportunities to improve per-formance.

- Passive approach: If this style is employed, the composition of the fund corresponds as closely as possible to the benchmark.

b) "Top down" and "bottom up" investment styles In the case of a top-down approach, the fund is managed with a view to economic data. First of all the weightings for the indi-vidual investment countries are determined, then the respective allocation is filled up with stocks. In the bottom-up approach, the fund management picks attractive stocks, without taking the country allocations into account. In particular small-cap funds are most commonly managed according to the bottom-up approach.

c) "Growth“, "Value" and "Blend" investment styles - Investment funds which mainly invest in innovative, well known and fast growing companies follow the growth style.

In selecting companies, the emphasis is placed on the expected growth in profits. In the process, the fund manager often accepts a premium in the price/earnings (market value/cash flow) ratio, low dividend returns and a low asset value of the company. Whether the company posts profits (cash generation) is a secondary consideration.

- Value style investors buy shares in companies that are fundamentally undervalued (low price/earnings, cash flow/book value ratios). More importance is attached to balance sheet numbers. Managements which buy back shares or pay out earnings as dividends are preferred over managements which invest earnings in acquisitions of other companies or in the development of new and innovative products. The asset value of the company is usually higher than its market capitalisation.

- Blend (core) investment style The fund manager includes both value and growth equities in his portfolio.

ISINThe international securities identification number is a 12-digit code that identifies a security that is traded on the stock ex-change.


170

KIID – KEY INVESTOR INFORMATION DOCUMENT The new Austrian Investment Fund Act (Investmentfondsgesetz 2011) is accompanied by new product information require-ments for mutual fund customers. The “Key Investor Information Document” (KIID) is a required document that replaces the simplified prospectus and, most importantly, allows funds to be compared more easily.The KIID must present key information about the fund in a standardised, easily understandable form, and must be provided to investors before they make their investment decision. The form and contents of the KIID are subject to strict requirements. It cannot be longer than two pages and must be updated at least once a year.

LAUNCH DATE Or also "Initial launch date" is the date of establishment of the fund. This is the date on which a value per fund unit is first determined and published by the responsible custodian bank.

MANAGEMENT FEES These are the fees levied for the management of the fund assets. The maximum amount is specified in the fund terms and conditions and in the fund prospectus. These costs vary according to the complexity of the fund (they are usually lowest with money market funds).

MARKET CAPITALISATION Stock market value of a public company (share price times the number of shares).

MARKET VALUE / PRICE Market value of all securities held by the fund divided by the number of fund units.

MODIFIED DURATION The modified duration indicates the percentage change of the price with a yield change of one per cent. Example: Modified duration: 3.73 % Market value: 98.53 Fund return: 5.9 % Assuming that the return falls to 4.9 %, then the share value increases by 3.73% to 102.21.

MORNINGSTAR RATINGTM The Morningstar rating assesses funds on the basis of an extended index value, which takes into account the change in value, the historical risk and various costs. The respective funds are ranked within their category by means of the index value calcula-ted by Morningstar. The fund is assigned to one of the following categories on the basis of this ranking:

Example: If the index value for a fund (Morningstar risk-adjusted return) is among the top 10 % in the appropriate cate-gory for the fund, it is given a rating of 5 stars.

If the investment style or fund category changes, then Morningstar also adjusts the weighting of the general rating to maintain comparability.

* ** *** **** *****

10 % 22,5 % 35 % 22,5 % 10 %


171

MORNINGSTAR BOND STYLE BOXTM The Morningstar bond style box contains two basic risk factors, i.e. the interest rate sensitivity and creditworthiness of each bond fund. The interest rate sensitivity is indispensible in the risk measurement of fixed interest investments. In general instruments with longer maturities are riskier than those with short maturities. A change in the interest rate has less effect on the price of a short-term bond than on that of a long-term bond. The index for esti-mating the interest rate sensitivity is known as the modified duration. Bond funds are assigned to the following categories in the style box:

• Modified Duration < 3,5 = low interest rate sensitivity • Modified Duration > 6 = high interest rate sensitivity • Modified Duration between 3,5 und 6 = average interest rate sensitivity

The creditworthiness indicates the risk of a default and is especially important for corporate bonds and bonds from emerging markets. A higher default risk (= lower creditworthiness) leads to greater price fluctuations. In an initial step, the average rating of the bonds in the portfolio is considered. These are assigned by specialist rating agencies such as Moody’s, Fitch or S&P. A number is then assigned to each rating result and the average is calculated. The result is a number which corresponds to the average credit risk of the portfolio.

MORNINGSTAR EQUITY STYLE BOXTM

The Morningstar share style box offers a rapid overview of two key aspects of an equity fund: the size and the valuation of the com-panies in which it invests. These two factors play an important role in determining a fund's returns and its risk profile. It goes without saying, this information should be considered in conjunction with other data from the portfolio, such as the sector weighting.

The size relates to the average market capitalisation of the com-panies in which the fund invests. This is important because the shares of large companies behave differently than those of smaller companies. In the first step, all the shares are assigned to a size category. This is performed with the aid of Morningstar's worldwide share data-base.

After the regions have been defined – such as Europe, Japan, North America – all shares from a region are ranked in descen-ding order according to market capitalisation. The following applies:

• The largest 5 % are classed as large• The next 15 % as medium-sized• The lowest 80 % as smallOn average the largest 5 % of companies in a region account for between 70 to 80 % of this region's entire market capitalisation.The average market capitalisation of the portfolio can now be calculated. For this purpose, the percentages of large, medium-size and small shares in the portfolio are determined. The style-box average is then calculated as follows:

(% large x 3) + (% medium-sized x 2) + % small = average

If the result is less than 1.5, then the style box will identify the funds as small-cap funds. With a result between 1.5 and 2.5, the fund is identified as a mid-cap, greater than that as a large cap.Please note that the size definitions by the style box vary from those of the categories (see categories definitions page). The investment style relates to the valuation of the companies in relation to their growth. Some companies seem overpriced in relation to their current profitability, but offer good growth prospects in the future. Such companies are described as growth

Equity style

Value neutral GrowthInvestment style

Marktet capitalisation

large

medium

small


Bond style

low medium highInterest rate sensitivity

Creditworthiness

high

medium

low

172

companies. On the other hand, many shares are traded with a low price/earnings ratio. These are known as value companies. Morningstar uses two basic indices for determining the investment style: The market value/price ratio and the cash flow/price ratio. The Morningstar share database contains these indices for all traded shares. To facilitate the calculation process, these indices are standardised, i.e. within each region and market capitalisation category, each index is adjusted in relation to the median of all shares (the median being taken as one). The two indices can then be determined for each share and applied to each item in the portfolio. The result is the number which indicates the valuation of the entire portfolio. This result is analyzed on the basis of the following scale:

• Score < 0.875 = Growth• Score > 1.125 = Value• Between 1.125 and 0.875 = Blend

(NEAR) MONEY MARKET FUNDSFunds which are principally invested in money market instruments or short-term fixed interest securities (e.g. bonds). Frequently they have a maximum duration of one year.

OVERLAY STRATEGY Overlay strategies are usually implemented derivatively. Among other things they are designed to:

• optimise investment strategies in relation to costs • implement strategies that would not be feasible with securities/direct investments • generate higher earnings for the cash portfolio According to the provisions of the fund terms and conditions, the role of overlay strategies in the fund's earnings/risk profile may range from secondary to primary.

PERFORMANCE Increases in value between two points in time, consisting of price gains and dividends which the fund receives from its invest-ments. The performance is the change in value of an investment over a defined period. When calculating the performance, all earnings up to the dividend payment date are assumed to have been reinvested. Taxes and expenses are not taken into account in determining the performance. Management fees are however taken into account.

POSITIVE MONTHS (in per cent) Indicates the number of months as a percentage in which a funds posted a positive performance.

PRICE RISK Price fluctuations on the securities markets which bring with them the risk that securities will have to be sold below the antici-pated price.

REAL ESTATE FUNDS Funds whose assets are exclusively invested in real estate (apartments, offices etc.).

ROLLING AND CUMULATIVE RETURNS (corresponds to the PERFORMANCE in Morningstar fact sheets) Rolling performance: the performance as determined on the reporting date for predefined periods (e.g. rolling 1-year perfor-mance as per 31 May 2011 = performance from 31 May 2010 to 31 May 2011). If the reporting period extends over several years, the p.a. performance is posted. Cumulative performance: This is understood as the overall performance accumulated over predefined periods on the reporting date.

SHARPE RATIO The Sharpe ratio was developed by the Nobel prize winner William Sharpe. It determines the returns per risk unit, by dividing the additional return by the standard deviation. The higher the Sharpe ratio, the more risk-adjusted are the fund returns. It is especially suitable for comparing funds in the same investment class.

Annual return p.a. (3 year) – riskfree interest rate Volatility

Example:Yield 6 %3-months-EURIBOR: 1,425 % (= risk-free interest rate)Volatility: 20 %Sharpe ratio = (6–1,425)/20 = 0,23


173

SRRI INDICATORThe “SRRI indicator” is used to classify investment funds in three different risk categories (low risk, medium risk, above-aver-age risk). SRRI stands for “Synthetic Risk and Reward Indicator”. It is calculated based on the requirements of the European Securities and Markets Authority and the Austrian Financial Market Authority. This indicator is a key element of the “Key Inves-tor Information Document” (KIID) and presents the historic volatility of the fund's unit price on a scale from 1 to 7.Funds with a low SRRI typically have lower volatility and therefore a lower probability of capital losses over time. Funds with a high SRRI have higher volatility and also a higher probability of capital losses.

• The classification of the fund is not a reliable indicator of future performance and may change over time.• Classification in category 1 does not mean that an investment is riskless.• The risk indicator (SRRI indicator) is shown on the fact sheet.

SRRI INDICATOR – CALCULATION METHODVolatility (“intensity of price fluctuations”) is calculated using weekly data (“returns”) for the fund over the past five years. If the history of the fund is too short, the SRRI may be calculated based on the performance of a representative portfolio, or using an alternative method prescribed by law. The calculation takes into account any earnings that are distributed. Volatility – and the SRRI as a risk measure – do not distinguish between the direction of the fluctuations, but instead present the general intensity of price fluctuations. A volatility of 3.0 %, for example, means that the value of the fund fluctuated on average by up to plus/minus 3.0 % each year over the last five years.

STANDARD DEVIATION The standard deviation of a fund measures how strongly the performance of a fund fluctuated in the past. In this context, the term volatility is often used synonymously. This index is useful for two reasons. Firstly, because higher volatility of a fund is usually associated with a greater risk. It is possible to compare funds across all categories by means of this criterion. Secondly, because funds that were more volatile in the past will also tend to be more volatile in the future. This makes the standard de-viation a useful assessment criterion. The standard deviation is expressed as a percentage. We calculate it on the basis of the performance over the last 36 months.

STATEMENT OF ACCOUNTSReport by the CIC at the end of the financial year about each individual fund. Besides a statement of assets as per the closing date, the report also contains a profit & loss account. This report is designed to provide investors with a summary of what has been done with his money.

STOCK MARKET CAPITALISATION See Market capitalisation.

TOTAL EXPENSE RATIO (TER) The TER indicates which costs (e.g. management fees, advisor fees …) were actually incurred in the previous financial year. It is stated as a percentage of the fund assets. The lower this number, the less the returns from the fund are reduced and the better for the investor.

TREND TRACKING MODELS (FUNDS) Trend tracking models generate buy and sell signals by ongoing observation of trends on the various financial markets. When, for example, an upward trend becomes evident in equities, the proportion of equities in the fund portfolio will be increased. Conversely, the proportion of equities will drop as soon as a downward trend becomes apparent, and other investment classes will be preferred.


SRRIindicator Risk levels Volatility ranges

1 low risk 0 % bis <0,5 %

2 >0,5 % bis <2,0 %

3 medium risk >2,0 % bis <5,0 %

4 >5,0 % bis <10,0 %

5 >10,0 % bis <15,0 %

6 >15,0 % bis <25,0 %

7 high risk >25,0 %

174

UCITS In the European context, "Undertakings for Collective Investment in Transferable Securities" are understood as investment funds that invest in statutorily defined types of securities and other financial instruments. Special requirements are placed on the funds and their management companies in the corresponding directives.

UMBRELLA FUNDAn umbrella fund (a fund of funds) primarily invests in units in other investment funds. In addition, investments can also be made in individual securities.

VOLATILITY The volatility indicates the range of fluctuation of an investment instrument. The greater the volatility, the greater the fluctuati-ons in market price of the respective fund (see Standard deviation).

1 MONTH'S HIGH/LOW Indicates the best/worst performance of a fund in a reporting period of one month.


175

Erste Asset Management – your partner in fund investment

Erste Asset Management GmbH coordinates and is responsible for the asset management activities within Erste Group. At our locations in Austria, Germany, Croatia, Romania, Slovakia, the Czech Republic, and Hungary we manage assets worth EUR 55.8bn (as of 31 December 2015). With its biggest subsidiary, ERSTE-SPARINVEST, Erste Asset Management has been successfully operating on the market since 1965.

Clients: retail and institutional At Erste Asset Management, 300 employees serve both retail and institutional clients. Retail clients primarily obtain the EAM products and services from the branch network of Erste Bank and the Austrian savings banks. Institutional investors are advised by the EAM Institutional Team and by Erste Groupʼs Private Banking department.

Funds and portfolio solutions

We see ourselves as fully integrated provider and cater to all demands in the area of asset management on the basis of investment funds or portfolio solutions. In addition to our core business, we also offer individual solutions such as reporting or data services. Our mutual funds are accredited for distribution in the core markets of EAM and internationally.

Erste Asset Management attaches particular importance to the sustainable character of its products and services. As a company we are committed to a socially responsible and environmentally friendly way of conducting business.

Our Erste Asset Management Investment Department has about 100 employees; almost a third work in fund management. In order to ensure an optimal form of investment, Erste Asset Management fund managers cooperate closely with our in-house Research Department.

Geschäftsführung:Mag. Markus Kaller Tel.: +43 (0)50100 – 84239 markus.kaller@sparinvest,com

Ihre Ansprechpartnerin:Mag. Evelyne Janek-Zenker Tel.: +43 (0)50100 – 19876 [email protected]

Erste Asset Management GmbH, A-1100 Wien, Am Belvedere 1, Handelsgericht Wien, Firmenbuchnummer: FN 102018b, www.erste-am.com; Media contact: Communications&PR, Tel: +43 (0) 50100 19982, E-Mail: [email protected]

Sources: The data was provided by Morningstar Deutschland GmbH, Neue Mainzer Strasse 1, D-60311 Frankfurt am Main. The performance is determined according to recognised methods for performance measurement using data from the fund companies. Where figures refer to foreign investment funds, then please note this information is outside the purview of the Austrian financial markets regulator (FMA): this information was automatically generated. Insofar as the information refers to asset management products, the values stated in the portfolio information may not coincide with the values in the accounts of the bank issuing the asset management products. If the portfolio information is no longer up to date, the accounts of the bank are definitive. Unless otherwise expressly indicated, the values are stated in the reference currency. If this information contains short-term market appraisals, thenthese are based on published data and originate from sources that we consider to be reliable. All the information, opinions and estimates contained in this report reflect our considered opinion at the stated reporting date (time of going to press). This document was produced by WIENER STÄDTISCHE VERSICHERUNG AG, Schottenring 30, 1010 Wien. Errors and printing errors reserved.

Prospectus advisory: The published prospectus for the above funds plus the "Key Investor Information" (KID), respectively the "Simplified Prospectus" in its latest edition including all changes is available free of charge to interested parties from the fund companies also from the webpages of the fund companies.

Disclaimer:The information in this fund report is provided solely for informational purposes. It does not represent investment advice or an invest-ment recommendation, nor it is an offer or an invitation to buy or sell securities or to enter asset management contracts. The informa-tion presented is no substitute for professional advice based on the individual circumstances and knowledge of an investor.Any capital investment is associated with a risk. The value and returns of an investment may suddenly increase or fall to a conside-rable extent and cannot be guaranteed. Variations in exchange rates can also affect the performance of the investment. There is the possibility that the investor may not get back the entire invested amount, especially when the capital investment is only short-term.We point out that the figures relate to the past and that past performance is not a reliable indicator for future results. Although WIENER STÄDTISCHE VERSICHERUNG AG Vienna Insurance Group has carefully researched the information presented here, they provide no guarantee for its accuracy.

For more information simply call your client advisor at Wiener Städtische or the

service line for all insurance questions.

UFOSServiceline +43 (0)50 350 [email protected]

wienerstaedtische.at /wienerstaedtische

in cooperation with:

FUND REPORT


Issuer, publisher, owner of media rights: WIENER STÄDTISCHE VERSICHERUNG AG Vienna Insurance Group, telephone +43 (0)50 350-0; Registered head office: Vienna; court of registration: Commercial Court Vienna, company register no.: FN 333376i; DVR: 4001506; address: Schottenring 30, 1010 Vienna; picture credits: FotoliaPress date: 31. October 2017; Source of data: investment companies and Morningstar Deutschland GmbH, Neue Mainzer Landstrasse 1, D-6031 Frankfurt am Main(17.11 – J20176777)

All information correct as of November 2017

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