# PERFORMANCE IN FIGURES (AS AT 31 October 2022)
| PERFORMANCE [1] | LO FUNDS – CONVERTIBLE BOND (N EUR) | BENCHMARK (THOMSON REUTERS GLOBAL CONVERTIBLE COMPOSITE INDEX HDGD IN EUR) [4] | MSCI WORLD (HDGD IN EUR) | PARTICIPATION IN THE PERFORMANCE OF EQUITIES |
| --- | --- | --- | --- | --- |
| 2022 YTD | -15.2% | -16.6% | -17.8% |  |
| 2021 | -2.7% | -0.9% | 23.3% | N/A |
| 2020 | 14.3% | 16.0% | 11.8% | 1.21 x |
| 2019 | 7.6% | 8.1% | 24.6% | 0.31 x |
| 2018 | -6.5% | -5.6% | -9.4% | 0.70 x |
| 2017 | 3.7% | 2.9% | 16.8% | 0.22 x |
| 2016 | -0.5% | 0.8% | 7.8% | N/A |
| 2015 | 4.5% | 3.3% | 1.7% | 2.56 x |
| 2014 | 5.7% | 3.9% | 9.5% | 0.60 x |
| 2013 | 11.5% | 11.2% | 28.1% | 0.41 x |
| 2012 | 9.0% | 10.4% | 14.6% | 0.62 x |
| 2011 | -3.7% | -3.3% | -5.7% | 0.65 x |
| 2010 | 6.8% | 7.8% | 8.5% | 0.79 x |
| 2009 | 18.8% | 21.5% | 24.9% | 0.75 x |
| 2008 | -18.2% | -25.5% | -39.3% | 0.46 x |
| 2007 | 8.5% | 6.1% | 4.2% | 2.01 x |
| 2006 | 7.9% | 12.0% | 14.2% | 0.55 x |
| 2005 | 13.3% | 4.0% | 14.9% | 0.89 x |
| Since launch (9 December 2002) | 82.2% | 56.1% | 211.3% | – |
| Volatility (ex pos/ann) [2] | 6.4% | 6.6% | 17.7% |  |
| Duration | 2.7 | 2.8 |  |  |
| Rho (Interest rate sensitivity) | -1.77% | -1.72% |  |  |
| Avg maturity/distance to best | 3.0yrs/2.7yrs | 3.3yrs/3.0yrs |  |  |
| Yield-to-maturity/best | 0.30%/0.66% | -0.82%/-0.47% |  |  |
| Current yield | 0.5% | 0.7% |  |  |
| Modified yield [3] | 0.9% | 0.6% |  |  |
| Premium | 63% | 37% |  |  |
| Credit spread (bps) | 218 | 233 |  |  |
| Bond floor | 88% | 85% |  |  |
| Delta | 47% | 49% |  |  |
| Gamma | 0.63 | 0.73 |  |  |
| Beta | 0.94 | 1.06 |  |  |
| Number of issues | 125 | 204 |  |  |
| Number of underlyings | 111 | 171 |  |  |

- Net of fees
- 5 years annualised, based on daily performances
- Modified yield is the delta-adjusted average yield (using YTM and current yield)
- Composite (calculated by LOIM) of 2 Thomson Reuters Convertible Indices: 2/3 Thomson Reuters Global Focus hedged and 1/3 Thomson Reuters Global Focus IG hedged; (previously known as UBS).

Translation (ENIT, 2022-10-31):
# PERFORMANCE IN CIFRE (AL 31 ottobre 2022)
LO FUNDS – CONVERTIBLE
BENCHMARK (THOMSON
PARTICIPAZIONE
PERFORMANCE [1]
BOND (N EUR)
REUTERS GLOBAL
|  | INDEX HDGD IN EUR) [4] |  |
| --- | --- | --- |
| 2022 YTD | -15.2% | -16.6% | -17.8% |  |
| 2021 | -2.7% | -0.9% | 23.3% | N/A |
| 2020 | 14.3% | 16.0% | 11.8% | 1.21 x |
| 2019 | 7.6% | 8.1% | 24.6% | 0.31 x |
| 2018 | -6.5% | -5.6% | -9.4% | 0.70 x |
| 2017 | 3.7% | 2.9% | 16.8% | 0.22 x |
| 2016 | -0.5% | 0.8% | 7.8% | N/A |
| 2015 | 4.5% | 3.3% | 1.7% | 2.56 x |
| 2014 | 5.7% | 3.9% | 9.5% | 0.60 x |
| 2013 | 11.5% | 11.2% | 28.1% | 0.41 x |
| 2012 | 9.0% | 10.4% | 14.6% | 0.62 x |
| 2011 | -3.7% | -3.3% | -5.7% | 0.65 x |
| 2010 | 6.8% | 7.8% | 8.5% | 0.79 x |
| 2009 | 18.8% | 21.5% | 24.9% | 0.75 x |
| 2008 | -18.2% | -25.5% | -39.3% | 0.46 x |
| 2007 | 8.5% | 6.1% | 4.2% | 2.01 x |
| 2006 | 7.9% | 12.0% | 14.2% | 0.55 x |
| 2005 | 13.3% | 4.0% | 14.9% | 0.89 x |
| Dal lancio (09 dicembre 2002) | 82.2% | 56.1% | 211.3% | – |
| Volatilità (ex pos/ann) [2] | 6.4% | 6.6% | 17.7% |  |
| Duration | 2.7 | 2.8 |  |  |
| Rho ( Interest rate sensitivity) | 0.0 | 0.0 |  |  |
| Scadenza media/distanza dal migliore | 3.0yrs/2.7yrs | 3.3yrs/3.0yrs |  |  |
| Rendimento alla scadenza/migliore | 0.30%/0.66% | -0.82%/-0.47% |  |  |
| Rendimento attuale | 0.5% | 0.7% |  |  |
| Rendimento modificato [3] | 0.9% | 0.6% |  |  |
| Premium | 63% | 37% |  |  |
| Spread creditizio (pb) | 218 | 233 |  |  |
| Bond floor | 88% | 85% |  |  |
| Delta | 47% | 49% |  |  |
| Gamma | 0.63 | 0.73 |  |  |
| Beta | 0.94 | 1.06 |  |  |
| Numero di emissioni | 125 | 204 |  |  |
| Numero di sottostanti | 111 | 171 |  |  |

CONVERTIBLE COMPOSITE
MSCI WORLD (HDGD IN EUR)
ALLA PERFORMANCE
DELLE AZIONI
- Al netto delle commissioni
- Anualizzata a 5 anni, in base alla performance mensile
- Il rendimento modificato è il rendimento medio corretto per il delta (usando lo YTM e il rendimento corrente)
- Indice composito (calcolato da LOIM) di due indici Thomson Reuters Convertible: 2/3 Thomson Reuters Global Focus hedged e 1/3 Thomson Reuters Global Focus IG hedged, in precedenza noti come UBS.