ZugerKB Fonds – Strategie Ausgewogen (CHF)

Share Class B 30. September 2019

Investment policy

¡ This investment fund seeks to generate a long-term positive return inCHF, equally through interest income and capital growth. By usinga systematic approach investments in a variety of asset classes andon a broad, internationally diversified basis will be made. Besidesinvestments in equities and bonds, the selection also includes, to alimited extent, alternative investments such as real estate, preciousmetals and commodities.

¡ In addition to investments in CHF, suitable investments may also bemade in other currencies.

¡ The mixture and different weighting of these asset classes aims torealise an optimal risk-return ratio. The weighting is reviewed peri-odically, with the maximum exposure in equities being 50%.

The fund has the following further relevant characteristics for theinvestor:

¡ The fund complies with the investment restrictions for pension fundsin accordance with BVV2.

¡ Investors may buy or sell the fund on any bank working day.

¡ Fund profits and returns shall not be distributed, but shall instead bereinvested.

¡ The fund is suitable for investors with a medium to longterm invest-ment horizon and medium risk appetite who are willing to acceptprice fluctuations.

¡ The individual risks are set out in the sales prospectus.

Major positions

Swisscanto (CH) Index EF Switzerland Total (II) P 15.3%iShares Core CHF Corporate Bond ETF (CH) 9.0%Pictet CH-CHF Bonds Tracker I dy 7.5%ZKB Gold ETF Klasse -H- 7.2%iShares Core SPI® ETF (CH) 6.1%

Portfolio Structure

3.40% Cash33.90% Bonds51.00% Equities

4.50% Real Estate7.20% Commodities

Currency Weighting

71.50% CHF19.40% USD

5.00% EUR2.10% GBP2.00% JPY

Legal form Swiss law investment fund

Management fee 0.90%

TER (per 31/05/2019) 1.18%

Asset manager Zuger Kantonalbank, Investment Center

Fund management company Vontobel Fonds Services AG, Zürich

Fund administration RBC Investor Services Bank S.A., Zürich

Custodian RBC Investor Services Bank S.A., Zürich

Auditor Ernst & Young AG, Zürich

Regulator FINMA

NAV 115.07

Highest since launch 115.42

Fund volume in mln. 280.91 CHF

Volume share class in mln. 215.56 CHF

Net Performance

Net performance in CHF

1 month 3 months 6 months YTD 1 year 3 years 5 years 2015*) 2016 2017 2018 Since In-ception

Fund 0.7% 1.8% 4.6% 13.1% 5.7% 4.6% n.a. -1.7% 3.4% 11.0% -8.2% 17.2%

*) Since Inception from 15/07/2015 to 31/12/2015

Fund Data

Fund domicile Switzerland

End of financial year 31. May

Inception date 15/07/2015

Asset class B (reinvesting)

Fund currency CHF

ISIN CH0276101109

Valor 27610110

Bloomberg ZKSAUSB SW

Important legal information:The fund mentioned in this factsheet is a Swiss law fund. The present documentation does not constitute an offer or a recommendation to purchase or to subscribe for units, but isintended for informational purposes only. Subscriptions for units of a Swiss law investment fund are made solely on the basis of the current sales prospectus with integrated fund contract,the current annual and semi-annual reports as well as the Key Investor Information Document („KIID“). Furthermore, we recommend that you contact your relationship manager or otheradvisors before each investment. All of the above-mentioned documents shall be ordered free of charge from Zuger Kantonalbank, Bahnhofstrasse 1, 6301 Zug, as distributor and theasset manager; Vontobel Fonds Services AG, Gotthardstrasse 43, 8002 Zürich, as fund management company; as well as RBC Investor Services Bank S.A., Esch-sur-Alzette, Zurichbranch, Badenerstrasse 567, 8048 Zürich, as paying agent and custodian bank.

Past performance is not an indicator of current or future performance. Performance data does not take into account the commissions and costs charged when units are issued andredeemed as well as possible value impairing deposit account keeping fees. The return of the fund may rise or fall due to currency fluctuations.

An investment in this fund carries risks that are explained in the sales prospectus. In particular, we draw your attention to the following risks: With investments in the securities ofemerging market countries, prices may fluctuate significantly, and one may possibly encounter – in addition to social, political and economic uncertainties – operating and regulatoryconditions that differ from the standards predominant in industrialized countries. Currencies of emerging market countries may be subject to higher currency fluctuations. Investments inhigher yielding, riskier bonds are generally considered to be more speculative in nature. These bonds entail a higher credit risk, higher price fluctuations and a higher risk of losses ofthe invested capital and of current returns than bonds with superior credit ratings. With commodity investments, unexpected fluctuations in value may occur in the short term and alsoover the longer term. Investments in derivatives are often exposed to the risks associated with the issuers and the underlying markets and/or underlying instruments. They generally entailhigher risks than direct investments.

This documentation is directed exclusively at residents of Switzerland who are not US persons (as defined in Regulation S of the US Securities Act of 1933 in its current version). Thisdocumentation is expressly not directed at persons whose nationality and/or residence prohibit access to such information on the basis of current legislation. Neither this documentnor any copy thereof may be sent or taken abroad. Units of this fund may not be offered, sold, or delivered within the US. Units of this fund may not be offered, sold, or delivered tocitizens of the US or persons resident in the US and/or other natural or legal persons whose income and/or earnings, regardless of origin, are subject to US income tax, or to personswho are deemed US persons in accordance with Regulation S of the US Securities Act of 1933 in its current version and/or the US Commodity Exchange Act in its current version.