This document provides an overview of the Koala Capital SIMCAV Acc ES0133499030 portfolio as of September 30, 2008. It summarizes the portfolio's asset allocation, top 10 holdings, stock sectors, world regions exposure, performance history and operations. The portfolio has an equity style that is primarily large blend and is categorized by Morningstar as Europe OE Other.

1. Morningstar DirectSM | Print Date: 28/05/2009 Page 1 of 3
Koala Capital SIMCAV Acc ES0133499030
Portfolio Morningstar RatingsTM
—
Morningstar CategoryTM
Europe OE Other
Currency
EUR
Asset Allocation 30/09/2008 Equity Style 30/09/2008
Asset Allocation Long % Short % Net % Style Breakdown
Cash 14,31 0,00 14,31 Value Core Growth Value Blend Growth
Weight %
Large
Large
Stock 86,10 0,41 85,69 28 5 9 >50
Bond 0,00 0,00 0,00 25-50
Mid
Mid
Other 0,00 0,00 0,00 26 4 7 10-25
0 50 100 0-10
Small
Small
0 11 10
Top 10 Holdings 30/09/2008
Sector % Assets
UltraShort MidCap400 ProShares — 6,39 Value Measures Stock Growth Measures Stock
Portfolio Portfolio
UltraShort SmallCap600 ProShares — 5,05
Criteria Caixacorp SA Financial 4,82 Price/Prospec Earnings* 9,25 Long-Term Earnings % 10,35
OAO Gazprom Utilities 4,60 Price/Book* 1,04 Book Value % 13,37
Duro Felguera, S.A. Financial 4,04 Price/Sales* 0,52 Sales % 12,16
Price/Cash Flow* 3,50 Cash Flow % 11,67
Netflix, Inc. Cons Svcs 3,87 Dividend Yield %* 4,13 Historical Earnings % 16,66
Valero Energy Corporation Energy 3,70
*Forward-looking based on historical data
Bolsas y Mercados Espanoles Financial 3,59
Ciba Specialty Chemicals Holding, Inc. Materials 3,37
Market Cap Breakdown % Stocks Size $Mil
NVIDIA Corporation Hardware 2,97
Giant 14,04 Average Market Cap 3.835
% Assets in Top 10 Holdings 42,40 Large 28,01
Total Number of Stock Holdings 35 Medium 37,10
Total Number of Bond Holdings 0 Small 14,66
Micro 6,19
Style and Market Cap Breakdown and Value and Growth Measures are calculated only using the long position holdings of
the portfolio.
Stock Sectors 30/09/2008
% Stocks Rel Mkt % Stocks Rel Mkt % Stocks Rel Mkt MSCI EAFE
Ser
Index
vice
k Mfg Economy 46,63 0,98 j Service Economy 41,07 0,99 h Info Economy 12,30 1,12 Fund
s Cons Goods 0,00 0,00 i Health Care 3,50 0,44 r Software 4,10 5,04
d Materials 20,04 1,07 o Cons Svcs 4,56 0,97 t Hardware 3,50 1,31
g
urin
act
f Energy 18,65 2,09 p Bus Svcs 11,64 2,21 y Media 3,11 2,22
nuf
g a u
Ma
Utilities 7,94 1,46 Financial 21,36 0,91 Telecom 1,59 0,26
Information
Sector data is calculated only using the long position holdings of the portfolio.
World Regions 30/09/2008
%Stocks %Stocks
Greater Asia Americas Greater Europe
Greater Asia 0,00 Greater Europe 69,64
Japan 0,00 United Kingdom 0,00
Australasia 0,00 Europe Developed 64,30
Asia Developed 0,00 Europe Emerging 5,34
Asia Emerging 0,00 Africa/Middle East 0,00
%Stocks %Stocks
Americas 30,36 Market Maturity
North America 30,36 % Developed Markets 94,66
Latin America 0,00 % Emerging Markets 5,34
% Not Classified 0,00
Region breakdown data is calculated only using the long position holdings of the portfolio.
N/C 0-10 10-20 20-50 50-90 >90%
© 2009 Morningstar. All Rights Reserved. The information, data, analyses and opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may not be copied or redistributed, (3) do not constitute ®
investment advice offered by Morningstar, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be correct, complete or accurate. Except as otherwise
required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use. This report is supplemental sales literature, ß
and therefore must be preceded or accompanied by a prospectus and disclosure statement. Please read the prospectus carefully.

2. Morningstar DirectSM | Print Date: 28/05/2009 Page 2 of 3
Koala Capital SIMCAV Acc ES0133499030
Performance Morningstar RatingsTM
—
Morningstar CategoryTM
Europe OE Other
Currency
EUR
16K
Growth of 10K (EUR)
14K
Fund
Index
12K
Category
10K
8K
— — — — — — — — & * & Performance Quartile
(within category)
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 04/2009 History
— — — — — — — 11,48 12,11 11,23 13,29 NAV
— — — — — — — — 5,45 -7,28 18,42 Total Return %
— — — — — — — — — — — +/-Index*
— — — — — — — — 5,25 8,24 17,48 +/- Category
20,0
Relative Fund Quarterly
15,0 vs. Fund Category
Quarterly Fund
10,0
Relative Return
5,0 Category Baseline
Best Qtr Performance
0,0 Worst Qtr Performance
-5,0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Qtrly Total Returns
— — — — — — — — 3,43 -6,00 17,20 1st Quarter
— — — — — — — — 0,88 -0,48 — 2nd Quarter
— — — — — — — — 0,49 0,84 — 3rd Quarter
— — — — — — — 4,29 0,58 -1,71 — 4th Quarter
Trailing Total Returns 30/04/2009 Ratings and Risk
Trailing Ret % +/-Index* +/-Cat % Rnk Cat Overall
YTD 18,42 — 17,48 1 Morningstar RatingTM —
1 Mo 1,04 — -2,28 63 Number of Funds Rated —
3 Mo 10,10 — 8,96 3
12 Mo 13,18 — 23,33 4 Volatility Measurements 3 Yr 5 Yr
3 Yr Annualized — — — — Standard Deviation — —
5 Yr Annualized — — — — Mean — —
10 Yr AnnualizedTD — — — — Sharpe Ratio — —
Modern Portfolio Theory Statistics Standard Index
R-Squared —
Beta —
Alpha —
Trailing 3-Yr through —
© 2009 Morningstar. All Rights Reserved. The information, data, analyses and opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may not be copied or redistributed, (3) do not constitute ®
investment advice offered by Morningstar, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be correct, complete or accurate. Except as otherwise
required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use. This report is supplemental sales literature, ß
and therefore must be preceded or accompanied by a prospectus and disclosure statement. Please read the prospectus carefully.

3. Morningstar DirectSM | Print Date: 28/05/2009 Page 3 of 3
Koala Capital SIMCAV Acc ES0133499030
Operations Morningstar RatingsTM
—
Morningstar CategoryTM
Europe OE Other
Currency
EUR
Purchase,Fee & Expenses Advisor Information
Country Registered for Sale General Information
Spain Fund Inception 01/08/2006
Fund Advisor(s) Gesiuris
Purchase Information (Shares) Fees
Minimum Initial Purchase 1 Front-End Load —
Minimum Subsequent Purchase 1 Deferred Load —
Management Fee 1,45%
Redemption Fee —
Management
Family Gesiuris
Phone +34 902 02 3938
Management Team
© 2009 Morningstar. All Rights Reserved. The information, data, analyses and opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may not be copied or redistributed, (3) do not constitute ®
investment advice offered by Morningstar, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be correct, complete or accurate. Except as otherwise
required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use. This report is supplemental sales literature, ß
and therefore must be preceded or accompanied by a prospectus and disclosure statement. Please read the prospectus carefully.