Fund Reports

June 2019

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Convertible Bonds
Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

Blend Funds

Balance
Minimum
Procedo
Securus

May 2020

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

April 2020

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

March 2020

Equities

Ethical Emerging Markets Value

Ethical Global value

Fixed Income

Convertible Bonds

Investment Grade Value Bonds

Value Bonds Emerging Markets Corporates

Value Bonds Short Dated High Yield

Value Bonds Global Ethical High Yield

Blend Funds

February 2020

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

January 2020

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

December 2019

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Convertible Bonds
Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

Blend Funds

Balance
Minimum
Procedo
Securus

November 2019

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

October 2019

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

September 2019

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Convertible Bonds
Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

Blend Funds

Balance
Minimum
Procedo
Securus

August 2019

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

July 2019

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

June 2019

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Convertible Bonds
Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

Blend Funds

Balance
Minimum
Procedo
Securus

May 2019

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

April 2019

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

March 2019

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Convertible Bonds
Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

Blend Funds

Balance
Minimum
Procedo
Securus

February 2019

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

January 2019

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Investment Grade Value Bonds
Value Bonds Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

December 2018

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Convertible Bonds
Investment Grade Value Bonds
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

Blend Funds

Balance
Minimum
Procedo
Securus

November 2018

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Investment Grade Value Bonds
Value Bonds – Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

October 2018

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Investment Grade Value Bonds
Value Bonds – Emerging Markets Corporates
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

September 2018

Equities

Ethical Emerging Markets Value
Equitas
Ethical Global value
European Value
Global Value

Fixed Income

Convertible Bonds
Investment Grade Value Bonds
Value Bonds 2019 - 50/50
Value Bonds – Emerging Markets Corporates
Value Bonds – Global Ethical High Yield
Value Bonds Short Dated High Yield
Value Bonds Global Ethical High Yield

Blend Funds

Balance
Minimum
Procedo
Securus

August 2018

Equities

Ethical Emerging Markets Value
Ethical Global value
European Value
Global Value

Fixed Income

High Yield Value Bonds Short Duration 2018
Investment Grade Value Bonds
Value Bonds 2018 - 50/50
Value Bonds – Emerging Markets Corporates
Value Bonds – Global Ethical High Yield
Value Bonds Short Dated High Yield

July 2018

Equities

Ethical Emerging Markets Value
Ethical Global value
European Value
Global Value

Fixed Income

High Yield Value Bonds Short Duration 2018
Investment Grade Value Bonds
Value Bonds 2018 - 50/50
Value Bonds – Emerging Markets Corporates
Value Bonds – Global Ethical High Yield
Value Bonds Short Dated High Yield

June 2018

Equities

Ethical Emerging Markets Value
Ethical Global value
European Value
Global Value

Fixed Income

High Yield Value Bonds Short Duration 2018
Investment Grade Value Bonds
Value Bonds 2018 - 50/50
Value Bonds 2019 - 50/50
Value Bonds – Emerging Markets Corporates
Value Bonds – Global Ethical High Yield
Value Bonds Short Dated High Yield

May 2018

Equities

Ethical Emerging Markets Value Ethical Global value European Value Global Value

Fixed Income

High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50 Value Bonds – Emerging Markets Corporates Value Bonds – Global Ethical High Yield Value Bonds Short Dated High Yield

April 2018

Equities

Ethical Emerging Markets Value Ethical Global value European Value Global Value

Fixed Income

High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50 Value Bonds – Emerging Markets Corporates Value Bonds – Global Ethical High Yield Value Bonds Short Dated High Yield

March 2018

Equities

Ethical Emerging Markets Value Ethical Global value European Value Global Value

Fixed Income

Emerging Markets Value Bonds Ethical High Yield Value Bonds High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50 Value Bonds - Emerging Markets Corporates Value Bonds - Global Ethical High Yield Value Bonds Short Dated High Yield

Blend Funds Q1

Balance Procedo Securus

February 2018

Equities

Ethical Emerging Markets Value Ethical Global value European Value Global Value

Fixed Income

Emerging Markets Value Bonds Ethical High Yield Value Bonds High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50 Value Bonds – Emerging Markets Corporates Value Bonds – Global Ethical High Yield Value Bonds Short Dated High Yield

January 2018

Equities

Ethical Emerging Markets Value Ethical Global value European Value Global Value

Fixed Income

Emerging Markets Value Bonds Ethical High Yield Value Bonds High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50 Value Bonds – Emerging Markets Corporates Value Bonds – Global Ethical High Yield Value Bonds Short Dated High Yield

December 2017

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Emerging Markets Corporate Value Bonds Ethical High Yield Value Bonds High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50 Value Bonds Short Dated High Yield

Blend Funds

Balance Procedo Securus

November 2017

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Emerging Markets Corporate Value Bonds Ethical High Yield Value Bonds High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

October 2017

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Emerging Markets Corporate Value Bonds Ethical High Yield Value Bonds High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

September 2017

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Emerging Markets Corporate Value Bonds Ethical High Yield Value Bonds High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

August 2017

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Emerging Markets Corporate Value Bonds Ethical High Yield Value Bonds High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

July 2017

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Emerging Markets Corporate Value Bonds Ethical High Yield Value Bonds High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

June 2017

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Emerging Markets Corporate Value Bonds Ethical High Yield Value Bonds High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

May 2017

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Emerging Markets Corporate Value Bonds High Yield Value Bonds Short Duration 2017 SICAV-SIF High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

April 2017

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Corporate Value Bonds Emerging Markets Corporate Value Bonds High Yield Value Bonds Short Duration 2017 SICAV-SIF High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

March 2017

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Corporate Value Bonds Emerging Markets Corporate Value Bonds High Yield Value Bonds Short Duration 2017 SICAV-SIF High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

February 2017

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Corporate Value Bonds Emerging Markets Corporate Value Bonds High Yield Value Bonds Short Duration 2017 SICAV-SIF High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

January 2017

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Corporate Value Bonds Emerging Markets Corporate Value Bonds High Yield Value Bonds Short Duration 2017 SICAV-SIF High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

December 2016

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Corporate Value Bonds Emerging Markets Corporate Value Bonds High Yield Value Bonds Short Duration 2017 SICAV-SIF High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

November 2016

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Corporate Value Bonds Emerging Markets Corporate Value Bonds High Yield Value Bonds Short Duration 2017 SICAV-SIF High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2016 Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

October 2016

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Corporate Value Bonds Emerging Markets Corporate Value Bonds High Yield Value Bonds Short Duration 2017 SICAV-SIF High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2016 Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

September 2016

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Corporate Value Bonds Emerging Markets Corporate Value Bonds High Yield Value Bonds Short Duration 2017 SICAV-SIF High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2016 Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

August 2016

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Corporate Value Bonds Emerging Markets Corporate Value Bonds High Yield Value Bonds Short Duration 2017 SICAV-SIF High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2016 Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

July 2016

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Corporate Value Bonds Emerging Markets Corporate Value Bonds High Yield Value Bonds Short Duration 2017 SICAV-SIF High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2016 Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

June 2016

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Corporate Value Bonds Emerging Markets Corporate Value Bonds SICAV-SIF High Yield Value Bonds Short Duration (2016)SICAV-SIF High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2016 Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

May 2016

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Corporate Value Bonds Emerging Markets Corporate Value Bonds SICAV-SIF High Yield Value Bonds Short Duration (2016)SICAV-SIF High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2016 Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus

April 2016

Equities

Ethical Emerging Markets Value Ethical Global Value European Value Global Value

Fixed Income

Corporate Value Bonds Emerging Markets Corporate Value Bonds SICAV-SIF High Yield Value Bonds Short Duration (2016)SICAV-SIF High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2017 High Yield Value Bonds Short Duration 2018 Investment Grade Value Bonds Value Bonds 2016 Value Bonds 2018 - 50/50 Value Bonds 2019 - 50/50

Blend Funds

Balance Procedo Securus