The Mosaic Global Fund had a +0.93% return for the first half of February.

With our increased bond market allocation and stock market exit per the end of January the Mosaic Global Fund has had a positive return of just under 1% for the first half of February despite a continued stock market volatility.

We have seen some very strong moves in the bond market which has been positive for the Fund. We will update you in the beginning of March again. We also recommend our last monthly report with an update on the similarity in price action we see going back to the 2008-period.

In the meantime, please reach out to us on this email info@cardeainternational.com, or give us a call on +352 202 033 27, to find out more about the Mosaic Global Fund and how the Fund is managed with our Trend and Momentum Filters. We look forward to speaking with you soon.

To Your Investment Success!

Per-Olov Jansson & the Cardea Investment Team

www.cardeainternational.com

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