Vermögen Global Fund
                                     The Management Company / The Custodian Bank / The 
                        Investment Company
                                                                                                                              Lux Capital Management 
                                                                                                                              S.A.
                               The Management Company                                    LRI Group                            Koster | Klein | Deloos
                               LRI Group is a leading                                                                         _____________________________
                               independent investment services                                                                   The Investment Company 
                                                                                                                                 (from 1st october 2018) : Lux 
                               company based in Luxembourg. It                                                                   Capital Management S.A. 
                               provides asset managers and                                                                       Koster | Klein |Deloos                
                               investors with three decades of                                                                     LCM S.A. is a Luxembourg 
                               experience in structuring and                                                                     based portfolio Management 
                               administration of traditional and                 MM                                              company active since 2009.
                               alternative investment strategies.           Warburg&                   LCM SA
                                                                                 CO
                                                                                   The Custodian Bank M.M. Warburg & Co Luxembourg S.A.  specializes  in the 
                               M.M.WARBURG & CO                                    investment fund business and functions as the custodian bank in collaboration 
                               LUXEMBOURG                                          with renowned capital investment companies.
              Vermögen Global Fund
               Strategy Profile
                                         • Active 
                   Investment Style      • All Market Caps
                                         • Growth/Value
                                         • « Best » Funds Selection
                 Investment Philosophy   • Long term overperformance by 
                                          losing less in weak times
                                         • Global Equity Markets
                 Geographical Exposure   • Currency Base EURO
              Vermögen Global Fund
                          Investment Process
                           Long Term            Portfolio 
                         Strategy (SAA)       Construction
                                      Investmen
                                      t Process
                            Short Term         Investments 
                          Strategy (TAA)        Selection
               Vermögen Global Fund
               Investment Process :  Strategic Asset Allocation
                              Global Macro Landscape Assesment 
                            Economic :  Growth, Inflation, Monetary Policy, Employment, 
                                           Exchange rates,..
                              Political : Tax Policy, Regulations, Elections, International 
                                        Trade agreements, Tariffs,…
                               Social, Environmental, Legal, Technological
                                                                   am
                                                                   e
                                                                 t T
                                         Global Markets          n
                                            Analysis            e
                                                               m
                                                              st
                                                             ve
                                                            n
                                                            I
                                              Strate
                                               gic 
                                              Asset 
                                              Alloca
                                               tion 
                                              (SAA)
                   Vermögen Global Fund
                             Investment Process : Portfolio Construction
                                                     Strategic Asset 
                                                       Allocation 
                                                         (SAA)
                                              Portfolio Construction
                                                                                          m
                                                                                          a
                                                                                          e
                                                                                          T
                                  Allocation                                               
                                                                                          t
                                   between                                                n
                                                                                          e
                                Funds & Single      Geographical,        Currency         m
                                                  Themes & Sectors                        t
                                    Lines                            exposure decision    s
                                                      allocation                          e
                                                                                          v
                                 (80%-20% by                                              n
                                                                                          I
                                   default)