is a globally diversified multi-asset portfolio, incorporating all traditional asset classes (cash, bonds, equities, commodities). Cryptocurrencies are excluded from the investment universe. The portfolio does not follow an investment strategy in a traditional context as the ETFMandate strategy is not track or benchmark against any specific index. The primary objective is to capture returns and profits by identifying high-potential opportunities across various markets, employing a unique combination of bottom-up analysis for long-term investments and a top-down insights for tactical investment calls. All transactions are executed are done with my personal capital, emphasizing a direct alignment of interests and prudent risk management. Transaction frequency may vary in response to evolving market opportunities. To manage and mitigate risk effectively, the portfolio is broadly diversified, resulting in a higher number of holdings. The ETFMandate portfolio runs in an optimized cost structure utilizing a platform with low commissions, high-quality trading standards and extensive global market access.

There are different investment strategies implemented in the portfolio:

• Buy & Hold with a long-term investment horizon (e.g. dividend stocks, value stocks, defensive stocks) with lower risk component, implemented via ETF and single stocks.

• Tactical calls with short- to mid-term investment horizon, implemented via ETFs and single stocks, incl. short positions

• Speculative trades with a short-/mid-term investment horizon (playing a rebound) with a higher risk - single stocks

• Thematic calls - investment themes with a long-term investment horizon - ETF & single stocks