# HIGHLIGHTS
LO Funds - Asia Value Bond is an actively managed long-only bond fund focusing on Asia-Pacific issuers predominantly in USD. The Fund adopts a strong total return philosophy and generates returns from both interest accrued as well as capital appreciation from yield and credit spread compression. In addition, it follows an unconstrained allocation approach and value-orientation in security selection. The Fund invests across the debt capital structure (senior, subordinate) and debt classes (sovereigns, corporates, financials). To provide flexibility and opportunity, the Fund has allowable limits for High Yield and non-Asian issuers.
NET PERFORMANCE AND ANNUAL PERFORMANCE IN CHF 

### Dec 5, 2016 - Sep 30, 2021

### L. Sharma, N. Sunil

### Net assets (all classes)	CHF 3.35 bn

### Liquidity (sub./red.)	Daily, 15:00 Swinging Single Pricing		Yes
120
110
7.36%		 3.35%
15.06%
7.72%
5.29%
4.54%

### Min. investment	CHF 1 million

### Management fee	0.50%

### Distribution fee	0.00%
100
90
-6.99%
-3.93%
-1.69%
-1.88%

### FROC	0.17%

### TER max (31 March 2021)	0.67%
RISK AND REWARD PROFILE
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |

Low	High
2017	2018	2019	2020	2021
LO Funds - Asia Value Bond, Syst. NAV Hdg, (CHF) N A / D	Annual or YTD performance (Fund) JP Morgan Asia Credit Index CHF Hdg.	Annual or YTD performance (Bench.)

### Strategy launch date: 7 January 2013. Effective 1 December 2016 LO Selection–Asia Value Bond was merged into LO Funds–Asia Value Bond. There has been no change in strategy or management.
| NAV	CHF 11.94	CHF 10.41 |  | 3 years | 16.77% | 10.14% |  |  | 5.27% | 3.25% |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  | Total return (since 05.12.2016) | 19.37% | - |  |  | 3.73% | - |
| FISCAL INFORMATION |  |  |  |  |  |  |  |  |
| Last dividend paid (30.11.2020)	CHF 0.52 |  | STATISTICS  05.12.2016 - 30.09.2021 | Fund | Bench. |  |  |  | Fund |
|  |  | Annualised volatility | 9.67% | - |  | Average coupon |  | 5.48% |
|  |  | Sharpe ratio | 0.47 | - |  | Average maturity |  | 8.90 |
|  |  | Max. drawdown | -16.50% | - |  | Average rating |  | BBB- |
|  |  | Correlation |  | 0.943 |  | Modified duration |  | 3.67 |
|  |  | Tracking error |  | 5.97% |  | Yield to worst (hedged) |  | 4.81% |
|  |  |  |  |  |  | Number of positions |  | 372 |
|  |  |  |  |  |  | Non Government Bonds |  | 81.00% |

CODES	

### Class A	Class D
Cumulative
|  | YTD | -1.69% | -1.88% |  | -	- |
| --- | --- | --- | --- | --- | --- |
| ISIN | LU1480986899 | LU1480986972 | 1 month | -2.06% | -1.75% |  | -	- |
| Bloomberg | LOAVIAC LX | LOASCND LX | 3 months | -1.80% | -1.24% |  | -	- |

NET PERFORMANCE IN CHF	
Fund	Bench.
Annualized Fund	Bench.

### 1 year	3.88%	-0.43%	-	-

Translation (ENFR, 2021-09-30):
# POINTS CLÉS
LO Funds - Asia Value Bond est un fonds en obligations « long-only » géré activement qui met l’accent sur des émetteurs de la région Asie-Pacifique majoritairement en USD. Le fonds adopte une philosophie fortement axée sur la rentabilité totale et génère des rendements à partir des intérêts accumulés ainsi qu’une appréciation du capital issue des rendements et du resserrement des spreads de crédit. En outre, il applique une approche sans restrictions en matière d’allocation d’actifs et s’oriente vers la valeur dans la sélection de titres. Le fonds investit dans la structure de la dette (senior, subordonnée) et dans des catégories obligataires (obligations d’Etat, d’entreprises, financières). Pour fournir de la flexibilité et des opportunités, le fonds autorise les émetteurs à haut rendement et non asiatiques dans certaines limites.
PERFORMANCE NETTE ET PERFORMANCE ANNUELLE EN CHF 

#### 5 déc. 2016 - 30 sept. 2021
120

#### Liquidité (souscr./rbt.)	Quotidienne, 15:00

#### Swinging Single Pricing	Oui

#### Inv. minimum	CHF 1 million

#### Commission de gestion	0.50%

#### Commission de distribution	0.00%

#### FROC	0.17%

#### TER max (31 mars 2021)	0.67%
110
100
90
7.36%		 3.35%
-3.93%
-6.99%
15.06%
7.72%
5.29%
4.54%
-1.69%
-1.88%
2017	2018	2019	2020	2021
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |


## PROFIL DE RISQUE
LO Funds - Asia Value Bond, Syst. NAV Hdg, (CHF) N A / D	Performance annuelle ou Année en cours (Fonds) JP Morgan Asia Credit Index CHF Hdg.	Performance annuelle ou Année en cours (Indice)
| Faible |  | Elevé |
| --- | --- | --- |
| CODES | Classe A | Classe D |
| ISIN | LU1480986899 | LU1480986972 |
| Bloomberg | LOAVIAC LX | LOASCND LX |
| Valeur Liquidative | CHF 11.94 | CHF 10.41 |

Cumulée	Annualisée
| PERFORMANCE NETTE EN CHF | Fonds | Indice |  |  | Fonds | Indice |
| --- | --- | --- | --- | --- | --- | --- |
| Année en cours | -1.69% | -1.88% |  |  | - | - |
| 1 mois | -2.06% | -1.75% |  |  | - | - |
| 3 mois | -1.80% | -1.24% |  |  | - | - |
| 1 an | 3.88% | -0.43% |  |  | - | - |
| 3 ans | 16.77% | 10.14% |  |  | 5.27% | 3.25% |
| Perf. totale (depuis 05.12.2016) | 19.37% | - |  |  | 3.73% | - |
| STATISTIQUES  05.12.2016 - 30.09.2021 | Fonds | Indice |  |  |  | Fonds |
| Volat. annualisée | 9.67% | - |  | Coupon moyen |  | 5.48% |
| Ratio de Sharpe | 0.47 | - |  | Echéance moyenne |  | 8.90 |
| Baisse maximum | -16.50% | - |  | Note de crédit moyenne |  | BBB- |
| Corrélation |  | 0.943 |  | Duration modifiée |  | 3.67 |
| Tracking Error |  | 5.97% |  | Yield to worst (hedged) |  | 4.81% |
|  |  |  |  | Nombre de positions |  | 372 |
|  |  |  |  | Oblig. non gouvern. |  | 81.00% |


## INFORMATION FISCALE

#### Dernier dividende (30.11.2020)	CHF 0.52