1. Where the ELTIF is an investment company other than an ICAV it shall confirm in its annual report, whether or not, the aim of spreading investment risk has been maintained.

2. The ELTIF shall include the following in its annual report as well as any significant information which will enable unitholders to make an informed judgement on the development of the ELTIF and its results:

(a) net asset value per unit;

(b) a full portfolio statement or a condensed portfolio statement which lists positions/exposures greater than 5% of net assets, distinguishing between the different types of investments and each investment analysed in accordance with the most appropriate criteria in light of the investment policy of the ELTIF (e.g., in accordance with economic, geographical or currency criteria) as a percentage of net assets; for each of the investments the proportion it represents of the total net assets of the ELTIF must be stated. If a condensed portfolio statement is included in the annual report, an ELTIF must make the full portfolio statement available to unitholders on demand. This can be made available to potential investors at the ELTIF's discretion;

(c) investments by sub-funds within an umbrella investment company in the units of other sub-funds within the umbrella must be disclosed. The policies adopted to disclose crossinvestments must be explained in a note to the accounts;