Investing in a Fast Transforming World © DW Transformative & Disruptive Innovation Equity Tracker

June 2017

DuraWealth

Meeting future market needs thanks to Innovations

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We live in a fast transforming world

Since over 250 years, the 1st, 2nd and 3rd Industrial revolutions lead to the increase of life

quality and wealth creation

Today, the global economy lives a structural transformation linked to the 4th Industrial revolution

Industrial Revolution 4.0 from WEF Video Clip

Meeting future market needs thanks to Innovations

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Projected economic impact of Internet of Things i.e. connected physical objects of 2.7 to 6.2 trillion

USD by 2025E and with growth rates of 15%+ p.a.

3-5x higher growth rates than the global economic growth

Selected Industry 4.0 elements

Source: McKinsey, Gartner, IDC, LAM, IoT Analytics, industry data

0.7 0.9 1.0 1.31.5

1.82.2

2.7

0.9 1.1 1.41.6

2.02.4

2.9

3.5

4.3

5.1

6.2

0

1

2

3

4

5

6

2015

2016

E

2017

E

2018

E

2019

E

2020

E

2021

E

2022

E

2023

E

2024

E

20

25

E

McKinsey (low grow scenario) McKinsey (high grow scenario) Gartner CiscoIDC (IoT spending) GDP of Germany at 2% CAGR

Projected economic impact of IoT by 2025 [USD trillion]

Source: 1 SRI denotes Socially Responsible Investing

© DW Global Disruptive Innovation IndexExtracting Value from Global Equities through Innovation and Technology Screening

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Systematic Investment Process since a decade

Step 1: Selection of multi-sector marketslinked to the Transformative & Disruptive Innovation

Selection of the related industries & sectors

Step 2: Sector allocation in the related markets

© DW Systematic Screening of transformative technologies

Step 3: Systematic screening of firms (MSCI World) with transformative

technologies

SRI filter: Exclusive firms in tobacco, alcohol, military, gambling, adult entertainment, nuclear

Step 4: Quant Filter Market Cap & Liquidity &

Volatility & ESg

Step 5: Index

30 stocks

Meeting Future Needs with DuraWealth equity indexes

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Source: UN, OECD, McKinsey, DuraWealth

Life science

Targeted drug delivery

Materials with

smart functionalities

Tools for automation,

smart engineering

IT & smart devices,

connected world

Environment & smart

cities & clean tech

Key Drivers: Meeting Future Needs

Growing population & demand for better life: Targeted health care and drug delivery

Resource imbalance: 1.3 bn people without electricity, 0.8 bn people undernourished

Smart cities & technologies: Smart materials, buildings, grids, clean tech, big data, IoT

Actively managed

© DW Global Disruptive Innovation Index

© DW Systematic Screening of transformative products in related

sectors to build enhanced investment portfolios

© DW Global Disruptive Innovation Tracker Certificate

Source: IEA, OECD, IoT Analytics, industry data

Companies producing transformative technologies are included in the © DW Global Disruptive

Innovation Certificate Portfolio

These technologies allow for saving of ± 30% in electricity, water, heating and natural resources

Efficient Use of Resources ► Positive Societal Impact

© DW Systematic Screening of transformative products

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5 sectors 20+ application areas (A1…) 30+ transformative technologies 60+ companies

2

3

1

A1

5

4

A2

Time 2010 - 2020+

Environment Smart Home Connected appliances Smart fridges, lights

Materials Wearables Composites Smart glasses, watches

Life Science Connected Health Genomics Non-invasive cures

Inf. Technology 2D/3D IT-architectures Quantum computing

Tools Electron Microscopes Photolithography Automation .

Industrial Internet Remote asset & car control 3D printing

Smart Grids & City Smart metering Smart environ. mgmt.

Extracting Value from Global Equities through Innovation & Technology Screening

DW Global Disruptive Innovation Tracker (AMC) - Summary

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The DW Global Disruptive Innovation Index tracks performance of 30 listed stocks, with established

quantitative methods since 07/2007, and focused on firms operating in the areas of transformative

technologies, regrouped in five sectors: life sciences, tools, materials, environment and IT

This Index weighting is UCITS-compliant, rebalanced twice a year. The Tracker replicates the Index by

direct investing in the thirty selected companies

An achieved outperformance over

- Key index peers incl. MSCI, S&P, SGI Indexes

- Key asset classes: MSCI World Equity, BB Commodity, HFRX Hedge Funds, S&P Private Equity

- The Index is calculated daily since 07/2013 and features real track record

Source: FIS (USD, as of 30.12.2016),

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3.2%

3.3%

3.4%

6.8%

10.4%

13.4%

26.1%

33.5%

0% 10% 20% 30% 40% 50%

Denmark

Netherlands

South Korea

Taiwan

UK

Germany

Japan

USA

3.4%

6.8%

20.3%

26.1%

43.4%

0% 10% 20% 30% 40% 50%

DKK

GBP

EUR

JPY

USD

9.9%

16.6%

16.5%

26.7%

30.4%

0% 25% 50%

Industrials

Basic Materials

Consumer Goods

Technology

Health Care

3.5%

3.5%

3.6%

3.6%

3.7%

3.0% 3.3% 3.5% 3.8% 4.0%

Alexion

Mobileye

AsmlHolding

HitachiHigh-Tech

Tesla

Country allocation Currency allocation Sector (ICB) allocation Stocks top 5

Performance of © DW Global Disruptive Innovation Index

Source: FIS, DuraWealth (daily data, rounded, as of 31.05.2017)

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DW Global Disruptive Innovation Index (TR) MSCI World Equity AC Index (NTR)

MSCI World AC Nasdaq Comp. 70/30 (TR) MSCI Global Environment Index (P)

Performance since 01/2010 [CHF]

13.9%

14.2%

15.9%

14.7%

8.4%

10.7%

7.0%

18.7%

0% 5% 10% 15% 20%

MSCI World Equity AC Index (NTR)

MSCI World AC Nasdaq Comp. 70/30 (TR)

FTSE Environ. Opportunities 100 Index

DW Global Disruptive Innovation Index (TR)

Ann. Return (top bars)Ann. Risk (bottom bars): 01//2010 - present [USD]

17.6%

18.2%

18.6%

18.2%

7.4%

9.7%

6.1%

17.7%

0% 5% 10% 15% 20%

MSCI World Equity AC Index (NTR)

MSCI World AC Nasdaq Comp. 70/30 (TR)

FTSE Environ. Opportunities 100 Index

DW Global Disruptive Innovation Index (TR)

Ann. Return (top bars)Ann. Risk (bottom bars): 01//2010 - present [CHF]

50

100

150

200

250

300

350

400

01

/20

10

05

/20

10

09

/20

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/20

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DW Global Disruptive Innovation Index (TR) MSCI World Equity AC Index (NTR)

MSCI World AC Nasdaq Comp. 70/30 (TR) FTSE Environ. Opportunities 100 Index

Performance since 01/2010 [USD]

Longer Horizon Excess return of >8% - 10% p.a. vs. MSCI World Equity & Nasdaq Comp since 01/2010

Leading experts expect lower GDP growth of < 3% p.a. by 2020E and hence low single-digit

returns in various asset classes

Companies adopting new business models and producing transformative products (Industry 4.0) have

higher ROI prospects as they better leverage their asset base and the capital employed

The companies in the DW Equity Tracker Portfolio feature

- higher sales and EBIT growth rates of 9.6% and 16.9% in 2017E

- margins of 20.9% in 2017E vs 8.9% for the MSCI World Equity

- PE2017E of 17.2x and PE2018E of 15.8x (see figure below)

higher ROI prospects over cycles

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Why DW Equity Tracker

6.7%

4.8%

13.2%

11.1%

8.9%10.4%

9.6%8.8%

16.9%

13.5%

20.9%22.0%

16.4

15.8

17.4

16.0

17.2

15.4

10

12

14

16

18

20

0%

5%

10%

15%

20%

25%

Ann. SalesGrowth 2017E

Ann. SalesGrowth 2018E

Ann. ProfitGrowth 2017E

Ann. ProfitGrowth 2018E

Profit Margins2017E

Profit Margins2018E

Forward Ann. Growth 2017E, 2018E:Sales, Profit, Margin and PE ratios

MSCI World Equity S&P500 Index DWNI Index MSCI World Equity S&P500 Index DWNI Index

PE 2017E

PE 2018E

Source: World Bank, Schroders, Willis Tower Watson, FIS, FactSet, Thomson IBES, DuraWealth (April 2017)

Systematic screening of sectors and companies with double-digit growth prospects

Company & Team

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Miroslav Durana, Partner, Investor Relations & Wealth Management 1997-2013: Head of index development for 7 years at Credit Suisse and Senior portfolio manager &

Research analyst at LODH, UBP and a pension fund, managed portfolios of over CHF 1 bn in assets

MSc., PhD in Physics (ETH Zurich, Lausanne), MBA (HEC Lausanne)

Wayne Cawood, Partner, Chief Technology Officer (CTO) & Internal Controlling 1995-2016: Senior business consultant & IT manager at WCT Consulting, Orange Communications

SA (Suisse) and a South African electricity company

M.Com. in Business Management (University of Johannesburg)

Jean de Skowronski, Partner, Investor Relations & Wealth Management 1988-2015: UHNWI coverage at Credit Suisse, Head Swiss Financial Institutions and Public

Sector at BNP Paribas and Head DCM Origination at CSFB & Credit Suisse

Master in Law (University of Fribourg), Attorney-at-Law (Geneva bar), MBA (INSEAD)

Pierre Montezin, Partner, Risk Management & Compliance 1990-today: Risk Manager at Osiris, Senior fund manager and broker at various asset management

companies incl. EIM, Swiss Capital Alternative Investments, MAN Investments and Société Générale

Master of Business Law (Université de Paris II), Master of Economy and Finance (SciencesPo Paris)

with a team of investment professionals from S&P Dow Jones, Julius Baer and LLB AG

DuraWealth is a licensed asset management firm and a pioneer in Responsible Investing

It is a distinct global equity product managed by the DW team with 10+ years experience in

managing proprietary global equity index products

It deploys capital to wisely invest in the listed companies producing transformative i.e. disruptive

technologies with superior ROI prospects and the goal to increase life quality

It uses the scientific skills of the DW team to classify transformative technologies in five sectors

and proprietary index methods developed in 2007 with real track records with superior returns

It is a simple Investment Product, listed at the SIX and managed by the Bank Julius Baer (with

Aa2 Moody’s rating) ► Listing on the Website of the Issuer and Listing on the SIX

It acts as portfolio diversifiers in global portfolios of individual, institutional (pension fund,

treasury, insurance) and responsible investors

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Why to invest in the DW Equity Tracker Certificate (AMC)

Equity Tracker

DW Tracker is listed at the SIX, Telekurs, Bloomberg, FIS, Swissquote, the Website of the Issuer

Incorporation data

DuraWealth Ltd. is an asset management company in Schaan (FL), supervised by the FMA

Main office: Fanalwegle 1, FL-9494 Schaan, Contact: info@durawealth.com

Website: www.durawealth.com

DISCLAIMERThis document was produced by DuraWealth and is dedicated for informational purposes only. It is dedicated for internal use only of the receiver and shall not

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is based on sources considered to be reliable, but its accuracy and completeness is not guaranteed. The information is subject to change at any time and without

obligation to notify the investors. Unless otherwise indicated, some figures are unaudited. Any action derived from this information is always at the investors’

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