Your sustainable equity fund

Both follow a sustainability-focused investment strategy, but with different emphases. With Tomorrow, you can choose between two approaches for how sustainability factors should be considered in investment decisions.

The Tomorrow Fund is a sustainable equity fund that relies on exclusion and positive screening. It invests in companies selected according to defined sustainability criteria, excludes climate-damaging sectors such as coal and oil, and aligns with the climate goals of the Paris Agreement. It is classified under Article 9 of the SFDR and has a sustainability objective as its investment purpose.

The Inyova Impact ETF focuses on active ownership: It can also invest in large, established companies that have leverage and a willingness to change. Inyova relies on dialogue and voting rights to raise sustainability issues with these companies. The ETF promotes environmental or social characteristics and is classified under Article 8 of the SFDR.

In short: The Tomorrow Fund asks, “Does the company meet our sustainability criteria so that we can consider investing in it?” The Inyova Impact ETF asks, “Is the company ready for change—and how can we, as shareholders, support this development through the exercise of our voting rights?”

Both of these strategies make sense and are based on different theories about how to use capital to bring about the most change.

Important Note: Sustainability characteristics or SFDR classifications are not an indicator of past performance and do not rule out the risk of loss. The exact methodology, criteria, and risks can be found in the KID/prospectus and SFDR disclosure documents.

Only publicly listed companies qualify for the Tomorrow Fund. Before they can be added to the investment universe, they have to go through the following steps:

1. Check against negative criteria

2. Check against the Paris Climate Agreement

3. Check against positive criteria

4. Assessment by the Impact Council

5. Check for diversification

You can find the full selection process here.

You can open your custody account directly in the app. Just tap 'Future' - 'Tomorrow Fund' - 'Invest' in the menu bar, and you'll be guided through the process step by step.

Opening a custody account works the same way for existing and new customers. Depending on your situation, you may need to verify your identity again. The next step is a quick check of your knowledge and experience with securities.

Finally, your details are checked and forwarded to lemon.markets to open the account. You'll get confirmation within about one to two business days, and then you can place your first investment.

Please note: your Tomorrow checking account is used to settle your custody account. So you'll need a checking account first before you can open and use the custody account.

For the Tomorrow Fund, we work with the following partners:

lemon.markets brokerage GmbH is a securities institution licensed by BaFin that gives you access to investment products like the Tomorrow Fund, while keeping your securities safely held. Universal Investment is the capital management company that set up and manages the fund. Evergreen is the investment manager that runs the fund according to defined criteria. You can find more details on each partner in the app under 'Future' - Tomorrow Fund.

When you invest in the fund, you'll see the cost information for the amount you're paying in. That way, you always know exactly what costs apply to your investment.

In general, the costs are 1.20% in management fees, plus around 0.3% in transaction costs per year. Here's what that means in detail:

• Management fees: A small percentage of your invested money is automatically deducted each year. This fee is what allows the fund to be offered, managed, and used to find new sustainable companies, for example. This fee is called the Total Expense Ratio (TER), or total cost ratio.

• Transaction costs: These costs aren't caused by you buying or selling shares. Transaction costs happen in the background for every fund, and you have no influence over them — we just make them transparent. How does that work? The fund is managed by Evergreen and Universal Investment. Part of their job is buying and selling company shares on the stock market. Fees apply to these transactions, and they're deducted from the fund's total value, i.e. the fund's assets. How often Universal Investment buys or sells shares depends on how the fund develops. That's why the transaction costs for the year are estimated in advance. The final costs are published in the annual report each time.

Beyond that, there are no other hidden costs — no custody account fees and no front-end load.