OVHaiLLM/Flipper huggingface dataset:
# MONTHLY GROSS PERF CONTRIBUTION BY L/S (%)	MONTHLY GROSS PERF CONTRIBUTION BY SECTOR (%)
### Long	
-2.4

### Short
-1.3
-1.4
-1.0

### Communication services

### Consumer staples
-0.0
-0.0

### Health care
-0.3
-0.4

### Real estate
0.2

### Consumer discretionary
0.1

### Energy Financials 
0.1

### Industrials

### Information technology Materials
0.0

### Utilities
-0.3	

### Multiple

Translation (ENFR, 2021-07-31):
# MONTHLY GROSS PERF CONTRIBUTION BY L/S (%)	MONTHLY GROSS PERF CONTRIBUTION BY SECTOR (%)
### Long	
-2.4

### Short
-1.3
-1.4

### Communication services

### Biens de consom. de base
-0.0
-0.0

### Soins de santé
-0.3
-0.4

### Immobilier
-1.0
0.2

### Consommation non essentielle
0.1

### Energie Finance 
0.1

### Industrie

### Technologies de l'information Matériaux
0.0

### Services aux collectivités
-0.3	

### Multiple
# SECTORS (IN %)
### Information technology

### Financials
62.6

### Global Payments

### Visa A Fleetcor Technologies American Express Discover Fin Services

### Transunion Capital One Financial
2.3
2.3
2.3
3.7
3.6
4.0
3.9

### Industrials Others (liquid assets incl.) Communication services

### MSCI A
2.2

Translation (ENFR, 2021-07-31):
# SECTEURS (EN %)
### Technologies de l'information

### Finance Industrie

### Others (liquid assets Incl.) Communication services
62.6

### MSCI A
2.2
# TOP 10 (IN %)
LOF - Convertible Asia, USD SA Amer Movil 0% 02/03/24 Cnv
Electricite de France 0% 14/09/24 Cnv EDF Akamai Technologies 0.375% 01/09/27 Cnv Stmicroelectronics 0.000001% 04/08/27 Cn Southwest Airlines C 1.25% 01/05/25 Cnv Splunk 1.125% 15/09/25 Cnv
Ford Motor Co 0% 15/03/26 Cnv Nippon Steel Corp 0% 05/10/26 Cnv Marriott Vacation Wo 0% 15/01/26 Cnv
4.4

Translation (ENFR, 2022-08-31):
# 10 PRINCIPALES POSITIONS (EN %)
LOF - Convertible Asia, USD SA Amer Movil 0% 02/03/24 Cnv
Electricite de France 0% 14/09/24 Cnv EDF Akamai Technologies 0.375% 01/09/27 Cnv Stmicroelectronics 0.000001% 04/08/27 Cn Southwest Airlines C 1.25% 01/05/25 Cnv Splunk 1.125% 15/09/25 Cnv
Ford Motor Co 0% 15/03/26 Cnv Nippon Steel Corp 0% 05/10/26 Cnv Marriott Vacation Wo 0% 15/01/26 Cnv
4.4
# COUNTRIES (IN %)
USA
Netherlands
France China Japan Germany Singapore
Italy Spain Hong Kong
India Taiwan
UK
Liquid assets
Others
33.79

Translation (ENFR, 2022-08-31):
# PAYS (EN %)
Etats-Unis Pays-Bas France Chine Japon Allemagne Singapore
Italie Espagne Hong Kong
Inde Taiwan
UK
Liquidités Autres
33.79
# REDUCED (SECURITIES)
Tencent Holdings
Meituan Pdd Holdings Inc-Adr A China Resources Land
Kingsoft
-4.4

Translation (ENFR, 2023-09-30):
# PONDÉRATIONS EN BAISSE (TITRES)
Tencent Holdings
Meituan Pdd Holdings Inc-Adr A China Resources Land
Kingsoft
-4.4
## FUND FACTS
Domicile/Legal structure	Luxembourg/SICAV Legal Status		UCITS
Fund inception date	26 October 2009
SFDR Classification	Article 8
Currency of Fund	EUR
Currency of share class	EUR Hedged
Fund manager	N. Hoogewijs, A. Kayisire Net assets (all classes)		EUR 23.41 million
Liquidity (sub./red.)	daily, 15:00

Translation (ENFR, 2023-01-31):
## DONNÉES DU FONDS
Domicile/Statut juridique	Luxembourg / SICAV Statut légal		UCITS
Date de lancement du fonds	26 octobre 2009 Classification SFDR		Article 8
Monnaie du fonds	EUR
Monnaie de la classe	EUR Hedgé
Gérant	N. Hoogewijs, A. Kayisire Encours (toutes classes)		EUR 23.41 millions
Liquidité (souscr./rbt.)	quotidienne, 15:00
# TOP 10 (IN %)
### Apple Computer Com

### Microsoft Alphabet Amazon Com Facebook A

### Tesla Nvidia Corp NRG Energy

### JP Morgan Chase Johnson & Johnson
4.0

Translation (ENFR, 2021-06-30):
# 10 PRINCIPALES POSITIONS (EN %)
### Apple Computer Com

### Microsoft Alphabet Amazon Com Facebook A

### Tesla Nvidia Corp NRG Energy

### JP Morgan Chase Johnson & Johnson
4.0
# TOP 10 (IN %)
GENMMK 3.882 04/19/31
FRIDPT 6.2 04/14/52
PERTIJ 6.45 05/30/44
VEDLN 8.95 03/11/25
FRIDPT 5.315 04/14/32
Gentmk 4 1/4 01/24/27 HSBC 6.547 06/20/34 VEDLN 13 7/8 01/21/24 SCGAU 5 1/8 09/24/2080
Hyuele 6 1/2 01/17/33
3.0

Translation (ENFR, 2023-09-30):
# 10 PRINCIPALES POSITIONS (EN %)
GENMMK 3.882 04/19/31
FRIDPT 6.2 04/14/52
PERTIJ 6.45 05/30/44
VEDLN 8.95 03/11/25
FRIDPT 5.315 04/14/32
Gentmk 4 1/4 01/24/27 HSBC 6.547 06/20/34 VEDLN 13 7/8 01/21/24 SCGAU 5 1/8 09/24/2080
Hyuele 6 1/2 01/17/33
3.0
# SECTORS (IN %)
Consumer discretionary	
.0
Financials Industrials Communication services Consumer staples Information technology
Materials Health care
Others (liquid assets incl.)
Real estate
Energy Utilities

Translation (ENFR, 2022-08-31):
# SECTEURS (EN %)
Consommation non essentielle	
.0
Finance Industrie Communication Services
Biens de consom. de base Technologies de l'information
Matériaux Soins de santé
Autres (Liquidités compris)
Immobilier Energie
Services aux collectivités
# INCREASED (SECURITIES)
China Tour Gr Duty Fr H
Jiugui Liquor A Tencent Holdings Unigroup Gx Microelec A Henan Liliang Diamond A
1.9

Translation (ENFR, 2022-08-31):
# PONDÉRATIONS EN HAUSSE (TITRES)
China Tour Gr Duty Fr H
Jiugui Liquor A Tencent Holdings Unigroup Gx Microelec A Henan Liliang Diamond A
1.9
# TOP 10 (IN %)
Tencent Holdings
Alibaba Grp
Meituan Jd.Com Inc A Kweichow Moutai A
China Construction Bank H Contempor Amperex Tech A
Netease Inc Citic Securities H
China Tour Gr Duty Fr H
7.0

Translation (ENFR, 2022-08-31):
# 10 PRINCIPALES POSITIONS (EN %)
Tencent Holdings
Alibaba Grp
Meituan Jd.Com Inc A Kweichow Moutai A
China Construction Bank H Contempor Amperex Tech A
Netease Inc Citic Securities H
China Tour Gr Duty Fr H
7.0
# TOP 10 (IN %)
Shell Plc
8.6
Astrazeneca Plc
BP Plc Unilever Plc Diageo Plc
British American Tobacco Plc

Translation (ENFR, 2023-01-31):
# 10 PRINCIPALES POSITIONS (EN %)
Shell Plc
8.6
Astrazeneca Plc
BP Plc Unilever Plc Diageo Plc
British American Tobacco Plc
# SECTORS (IN %)
Health care
86.0
Maravai
Iqvia Holdings Evolent Health A Sinocare Inc A Tecan Group
M3 Inc Icon Dexcom Inc
3.4
3.4
3.3
3.2
3.2
3.0
3.7
4.1
Consumer discretionary Information technology Others (liquid assets incl.)
Consumer staples
Danaher
3.0

Translation (ENFR, 2022-09-30):
# SECTEURS (EN %)
Soins de santé
86.0
Maravai
Iqvia Holdings Evolent Health A Sinocare Inc A Tecan Group
M3 Inc Icon Dexcom Inc
3.4
3.4
3.3
3.2
3.2
3.0
3.7
4.1
Consommation non essentielle Technologies de l'information Others (liquid assets Incl.) Biens de consom. de base
Danaher
3.0
# SECTORS (IN %)
Consumer staples
Energy Industrials Health care
Consumer discretionary Communication services Information technology
1.1
3.6
5.1
8.6
7.8
7.5
10.7
16.2
14.7
15.7
14.6
12.8
19.9
21.2
Financials Others (liquid assets incl.)
Real Estate
1.9
3.8
1.2
0.9
5.9
16.7
Materials
0.7
9.4

Translation (ENFR, 2022-09-30):
# SECTEURS (EN %)
Biens de consom. de base
Energie Industrie
Soins de santé Consommation non essentielle Communication services Technologies de l'information
1.1
3.6
5.1
8.6
7.8
7.5
10.7
16.2
14.7
15.7
14.6
12.8
19.9
21.2
Finance Others (liquid assets Incl.)
Immobilier
1.9
3.8
1.2
0.9
5.9
16.7
Matériaux
0.7
9.4
# REDUCED (SECURITIES)
Emis Group Astrazeneca Rightmove Plc Reckitt Group
British American Tobacco
-1.3

Translation (ENFR, 2022-09-30):
# PONDÉRATIONS EN BAISSE (TITRES)
Emis Group Astrazeneca Rightmove Plc Reckitt Group
British American Tobacco
-1.3
# CREDIT RATINGS (IN %)
TOP 10 ISSUERS (IN %)
US Treasuries N/B Bank of America Corp Morgan Stanley JPMorgan Chase & CO HSBC HOLDINGS PLC
GERMANY, FEDERAL REPUBLIC OF
Wells Fargo & Company GOLDMAN SACHS GROUP INC
Metlife Inc Apple Inc
7.0

Translation (ENFR, 2022-08-31):
# NOTATIONS (EN %)
TOP 10 EMETTEURS (%)
US Treasuries N/B Bank of America Corp Morgan Stanley JPMorgan Chase & CO HSBC HOLDINGS PLC
GERMANY, FEDERAL REPUBLIC OF
Wells Fargo & Company GOLDMAN SACHS GROUP INC
Metlife Inc Apple Inc
7.0
# TOP 10 (IN %)
Shell Plc
9.2
Astrazeneca Plc
BP Plc Unilever Plc Diageo Plc
British American Tobacco Plc
Gsk Plc Relx Plc
Spirax-Sarco Engineering Plc
Indivior Plc

Translation (ENFR, 2023-02-28):
# 10 PRINCIPALES POSITIONS (EN %)
Shell Plc
9.2
Astrazeneca Plc
BP Plc Unilever Plc Diageo Plc
British American Tobacco Plc
# SECTORS (IN %)
### Industrials Consumer discretionary Information technology

### Health care Consumer staples

### Materials Utilities Energy

### Communication services

### Financials Liquid assets
20.4

Translation (ENFR, 2021-06-30):
# SECTEURS (EN %)
## Industrie
20.4

## Ferrari ASML Holding

## Safran Adyen Kion Group

## L'Oréal Schneider Electric Air Liquide (ost)

## Sanofi
4.2
4.2

## Consommation non essentielle Technologies de l'information

## Soins de santé Biens de consom. de base

## Matériaux Services aux collectivités

## Energie Communication services

## Finance Liquidités
# TOP 10 (IN %)
### Baxter Intl Amazon Com Alphabet C Cisco Systems Henry Schein

### Jones Lang Lasalle Becton Dickinson

### Vestas Wind Systems A/s
5.1

Translation (ENFR, 2021-07-31):
# 10 PRINCIPALES POSITIONS (EN %)
### Baxter Intl Amazon Com Alphabet C Cisco Systems Henry Schein

### Jones Lang Lasalle Becton Dickinson

### Vestas Wind Systems A/s
5.1
# INCREASED (SECURITIES)
### Gartner Inc A Schwab Charles Palo Alto Networks

### Unilever Plc
2.9
2.9

Translation (ENFR, 2021-07-31):
# PONDÉRATIONS EN HAUSSE (TITRES)
### Gartner Inc A Schwab Charles Palo Alto Networks

### Unilever Plc
2.9
2.9
## RATINGS
Cumulative
NET PERFORMANCE IN EUR	
Fund	Bench.
YTD	3.22%	2.23%
1 month	3.22%	2.23%
3 months	5.20%	3.23%
1 year	-12.09%	-10.57%
Total return (since 26.04.2021)	-13.79%	-12.18%
STATISTICS 
26.04.2021 - 31.01.2023	
Fund	Bench.
Max. drawdown	-19.10%	-16.10%
Correlation0.965
Tracking error	2.50%
Annualized Fund	Bench.
-	-
-	-
-	-
-	-
-8.01%	-7.05%
Fund
Average coupon	2.24%
Average rating	BBB+
Modified duration4.58
Yield to worst	5.40%
Yield to maturity	5.40%
Number of positions107
Number of issuers91
Option adjusted spread (OAS)256

Translation (ENFR, 2023-01-31):
## NOTATION
Cumulée
PERFORMANCE NETTE EN EUR	
Fonds	Indice
Année en cours	3.22%	2.23%
1 mois	3.22%	2.23%
3 mois	5.20%	3.23%
1 an	-12.09%	-10.57%
Perf. totale (depuis 26.04.2021)	-13.79%	-12.18%
Annualisée
Fonds	Indice
-	-
-	-
-	-
-	-
-8.01%	-7.05%
STATISTIQUES 
26.04.2021 - 31.01.2023	
Fonds	Indice
Baisse maximum	-19.10%	-16.10%
Corrélation0.965
Tracking Error	2.50%
Fonds
Coupon moyen	2.24%
Note de crédit moyenne	BBB+
Duration modifiée4.58
Yield to worst	5.40%
Rendement à l'échéance	5.40%
Nombre de positions107
Nombre d'émetteurs91
Option adjusted spread (OAS)256
# SECTORS (IN %)
Information technology
47.4
Servicenow Inc Dexcom Inc Amazon.com Inc
Block Inc Shopify Inc Netflix Inc Intuit Inc
Costar Group Inc Uber Technologies Inc
Health care Communication services Consumer discretionary
Industrials Liquid assets

Translation (ENFR, 2023-01-31):
# SECTEURS (EN %)
Technologies de l'information
Soins de santé Communication Services Consommation non essentielle
Industrie Liquidités
47.4
## FUND FACTS
Domicile/Legal structure	Luxembourg/SICAV Legal Status		UCITS
Fund inception date	20 February 2014
SFDR Classification	Article 6
Currency of Fund	USD
Currency of share class	EUR Hedged
Fund manager	Sands Capital Management, LLC Net assets (all classes)		EUR 130.22 million
Liquidity (sub./red.)	daily, 12:00
Min. investment	EUR 3'000
Entry/Exit fees	0.00% / 0.00%
Management fee	0.90%
Distribution fee	0.00%
FROC	0.25%
Ongoing charge (30 December 2022)	1.16%
TER max (30 September 2022)	1.15%

Translation (ENFR, 2023-01-31):
## DONNÉES DU FONDS
Domicile/Statut juridique	Luxembourg / SICAV Statut légal		UCITS
Date de lancement du fonds	20 février 2014 Classification SFDR		Article 6
Monnaie du fonds	USD
Monnaie de la classe	EUR Hedgé
Gérant	Sands Capital Management, LLC Encours (toutes classes)		EUR 130.22 millions
Liquidité (souscr./rbt.)	quotidienne, 12:00
Inv. minimum	EUR 3'000
Frais d'entrée/sortie	0.00% / 0.00%
Commission de gestion	0.90%
Commission de distribution	0.00%
FROC	0.25%
Ongoing charge (30 décembre 2022)	1.16%
TER max (30 septembre 2022)	1.15%
# SECTORS (IN %)
### Sovereigns
43.2

### Germany Liquid assets

### Government Development Banks

### Banks Power Generation Travel & Lodging Financial Services

### Real estate Industrials

### Others Liquid assets

Translation (ENFR, 2021-07-31):
# SECTEURS (EN %)
### Sovereigns
43.2

### Allemagne Liquidités

### Government Development Banks

### Banques Power Generation Travel & Lodging Financial Services

### Immobilier Industrie Autres Liquidités
|  | Cumulative |  |  | Annualized |
| --- | --- | --- | --- | --- |
| NET PERFORMANCE IN EUR | Fund |  |  | Fund |
| YTD | 3.96% |  |  | - |
| YTQ | 2.97% |  |  | - |
| 1 month | 1.17% |  |  | - |
| 3 months | 0.86% |  |  | - |
| 1 year | 2.90% |  |  | - |
| 3 years | 2.77% |  |  | 0.91% |
| 5 years | 8.79% |  |  | 1.69% |
| Total return (since 21.02.2017) | 9.76% |  |  | 1.38% |
| STATISTICS  30.11.2018 - 30.11.2023 | Fund |  |  | Fund |
| Annualised volatility | 2.69% |  | Number of positions | 253 |
| Sharpe ratio | 0.53 |  |  |  |
| Max. drawdown | -5.33% |  |  |  |

Translation (ENFR, 2023-11-30):
|  | Cumulée |  |  | Annualisée |
| --- | --- | --- | --- | --- |
| PERFORMANCE NETTE EN EUR | Fonds |  |  | Fonds |
| Année en cours | 3.96% |  |  | - |
| YTQ | 2.97% |  |  | - |
| 1 mois | 1.17% |  |  | - |
| 3 mois | 0.86% |  |  | - |
| 1 an | 2.90% |  |  | - |
| 3 ans | 2.77% |  |  | 0.91% |
| 5 ans | 8.79% |  |  | 1.69% |
| Perf. totale (depuis 21.02.2017) | 9.76% |  |  | 1.38% |
| STATISTIQUES  30.11.2018 - 30.11.2023 | Fonds |  |  | Fonds |
| Volat. annualisée | 2.69% |  | Nombre de positions | 253 |
| Ratio de Sharpe | 0.53 |  |  |  |
| Baisse maximum | -5.33% |  |  |  |
# SECTORS (IN %)
### Information technology
25.6

### Amazon Com Alphabet C Cisco Systems

### Equifax Schwab Charles Henry Schein

### Vestas Wind Systems A/s

### Health care Industrials

### Consumer discretionary Communication services

### Real estate Financials

### Others (liquid assets Incl.)
3.3
2.6
4.8
8.7
11.1
17.0
25.0

### Becton Dickinson Tencent Holdings

### Consumer staples
2.0

Translation (ENFR, 2021-06-30):
# SECTEURS (EN %)
### Technologies de l'information

### Soins de santé

### Industrie Consommation non essentielle Communication Services

### Immobilier Finance

### Autres (Liquidités compris)
3.3
2.6
4.8
8.7
11.1
17.0
25.6
25.0

### Becton Dickinson Tencent Holdings

### Biens de consom. de base
2.0
# INCREASED (SECURITIES)
### Thermo Fisher Scientific Inc

### Mercadolibre Nutanix A

### Alibaba Grp (sadr)
0.7

Translation (ENFR, 2021-06-30):
# PONDÉRATIONS EN HAUSSE (TITRES)
### Thermo Fisher Scientific Inc

### Mercadolibre Nutanix A

### Alibaba Grp (sadr)
0.7
|  | Cumulative |  |  | Annualized |
| --- | --- | --- | --- | --- |
| NET PERFORMANCE IN EUR | Fund |  |  | Fund |
| YTD | 0.86% |  |  | - |
| 1 month | 2.02% |  |  | - |
| 3 months | 1.44% |  |  | - |
| 1 year | 7.45% |  |  | - |
| 3 years | 13.14% |  |  | 4.17% |
| 5 years | 26.76% |  |  | 4.83% |
| Total return (since 24.01.2012) | 47.22% |  |  | 4.24% |
| STATISTICS  30.04.2016 - 30.04.2021 | Fund |  |  | Fund |
| Annualised volatility | 4.92% |  | Average rating | A |
| Sharpe ratio | 1.07 |  | Modified duration | 8.01 |
| Max. drawdown | -6.07% |  | Leverage | 214.20% |
|  |  |  | Number of positions | 55 |

Translation (ENFR, 2021-04-30):
|  | Cumulée |  |  | Annualisée |
| --- | --- | --- | --- | --- |
| PERFORMANCE NETTE EN EUR | Fonds |  |  | Fonds |
| Année en cours | 0.86% |  |  | - |
| 1 mois | 2.02% |  |  | - |
| 3 mois | 1.44% |  |  | - |
| 1 an | 7.45% |  |  | - |
| 3 ans | 13.14% |  |  | 4.17% |
| 5 ans | 26.76% |  |  | 4.83% |
| Perf. totale (depuis 24.01.2012) | 47.22% |  |  | 4.24% |
| STATISTIQUES  30.04.2016 - 30.04.2021 | Fonds |  |  | Fonds |
| Volat. annualisée | 4.92% |  | Note de crédit moyenne | A |
| Ratio de Sharpe | 1.07 |  | Duration modifiée | 8.01 |
| Baisse maximum | -6.07% |  | Leverage | 214.20% |
|  |  |  | Nombre de positions | 55 |
# TOP 10 (IN %)
### Toyota Motor Sony Group Recruit Holdings

### Mitsubishi Ufj Fin Group

### Keyence Shin-Etsu Chemical

### Ntt Corp Sumitomo Mitsui Financial

### Fujifilm Holdings

### Terumo
4.1

Translation (ENFR, 2021-09-30):
# 10 PRINCIPALES POSITIONS (EN %)
### Toyota Motor Sony Group Recruit Holdings

### Mitsubishi Ufj Fin Group

### Keyence Shin-Etsu Chemical

### Ntt Corp Sumitomo Mitsui Financial

### Fujifilm Holdings

### Terumo
4.1
# HIGHLIGHTS
PrivilEdge - Alpha Japan is a an actively managed UCITS portfolio. It is managed by Alpha Japan Asset Advisors and seeks to outperform the Topix TR index over the long term. Stocks are selected for their fundamental merits over the medium to long-term, and actively managed to benefit from sector rotations and flow reversals, a feature of the Japanese equity market. The strategy is opportunistic and emphasises a bottom-up approach to research in seeking investment opportunity across the capitalisation spectrum. it employs a broad market mandate that allows flexibility in security selection, sector and style exposures. The portfolio invests in around 55-80 high conviction stocks with the top 10 positions representing 30-40% of assets. Risk management is performed by the fund managers at a portfolio level, while independent teams manage investment risks and monitor operational risks.
NET PERFORMANCE AND ANNUAL PERFORMANCE IN JPY

Translation (ENFR, 2021-09-30):
# POINTS CLÉS
PrivilEdge - Alpha Japan est un portefeuille « UCITS » suivant une gestion active. Il est géré par Alpha Japan Asset Advisors et vise à surperformer l'indice « Topix TR » sur le long terme. Les titres sont sélectionnés pour leurs fondamentaux sur le moyen à long terme et sont activement gérés pour profiter des rotations sectorielles et des inversions de flux, une caractéristique du marché des actions japonaises. La stratégie est opportuniste et met l'accent sur une approche « bottom-up » de la recherche pour identifier les opportunités d'investissement sur la totalité de l'éventail de capitalisations. Il a recours à un large mandat de marché qui permet d'être flexible dans le choix des titres, des secteurs et des expositions. Le portefeuille investit dans 55 à 80 titres de forte conviction, les 10 premières positions représentent 30 à 40% des actifs. La gestion du risque est assurée par les gérants au niveau du portefeuille, et des équipes indépendantes gèrent les risques d’investissement et contrôlent les risques opérationnels.
PERFORMANCE NETTE ET PERFORMANCE ANNUELLE EN JPY
# TOP 10 (IN %)
Anllian Cap 0% 05/02/25 Cnv Posco 0% 01/09/26 Cnv
Xiaomi Best Time Int 0% 17/12/27 Cnv Bharti Airtel 1.5% 17/02/25 Cnv Regs Meituan 0% 27/04/27 Cnv
Singapore Airlines 1.625% 03/12/25 Cnv Zhongsheng Grp 0% 21/05/25 Cnv Cathay Pacific Fin I 2.75% 05/02/26 Cnv Pinduoduo 0% 01/12/25 Cnv
Kingsoft Corp 0.625% 29/04/25 Cnv
5.5

Translation (ENFR, 2022-11-30):
# 10 PRINCIPALES POSITIONS (EN %)
Anllian Cap 0% 05/02/25 Cnv Posco 0% 01/09/26 Cnv
Xiaomi Best Time Int 0% 17/12/27 Cnv Bharti Airtel 1.5% 17/02/25 Cnv Regs Meituan 0% 27/04/27 Cnv
Singapore Airlines 1.625% 03/12/25 Cnv Zhongsheng Grp 0% 21/05/25 Cnv Cathay Pacific Fin I 2.75% 05/02/26 Cnv Pinduoduo 0% 01/12/25 Cnv
Kingsoft Corp 0.625% 29/04/25 Cnv
5.5
# INCREASED (SECURITIES)
Cathay Pacific Fin I 2.75% 05/02/26 Cnv
Link Cb 4.5% 12/12/27 Cnv Delivery Hero 0.25% 23/01/24 Cnv
Grp Bruxelles Lamber 2.125% 29/11/25 Cnv
Pinduoduo 0% 01/12/25 Cnv
1.4

Translation (ENFR, 2022-11-30):
# PONDÉRATIONS EN HAUSSE (TITRES)
Cathay Pacific Fin I 2.75% 05/02/26 Cnv
Link Cb 4.5% 12/12/27 Cnv Delivery Hero 0.25% 23/01/24 Cnv
Grp Bruxelles Lamber 2.125% 29/11/25 Cnv
Pinduoduo 0% 01/12/25 Cnv
1.4
# TOP 10 (IN %)
GENMMK 3.882 04/19/31
PERTIJ 6.45 05/30/44
VEDLN 8.95 03/11/25
FRIDPT 6.2 04/14/52 LPKRIJ 8 1/8 01/22/25 FRIDPT 5.315 04/14/32 VEDLN 13 7/8 01/21/24
Gentmk 4 1/4 01/24/27 RWLVCA 4 5/8 04/16/29 NAGACL 7.95 07/06/24
2.5

Translation (ENFR, 2023-01-31):
# 10 PRINCIPALES POSITIONS (EN %)
GENMMK 3.882 04/19/31
PERTIJ 6.45 05/30/44
VEDLN 8.95 03/11/25
FRIDPT 6.2 04/14/52 LPKRIJ 8 1/8 01/22/25 FRIDPT 5.315 04/14/32 VEDLN 13 7/8 01/21/24
Gentmk 4 1/4 01/24/27 RWLVCA 4 5/8 04/16/29 NAGACL 7.95 07/06/24
2.5
# SECTORS (IN %)
Information technology
Financials Consumer discretionary
Industrials Consumer staples Communication services
Real estate Others (liquid assets Incl.)
Health care Materials
Gold
26.8

Translation (ENFR, 2023-02-28):
# SECTEURS (EN %)
Technologies de l'information
Finance Consommation non essentielle
Industrie Biens de consom. de base Communication Services
Immobilier Autres (Liquidités compris)
Soins de santé
Matériaux
Or
26.8
# HIGHLIGHTS
LO Funds - Asia High Conviction is an actively managed long-only Asia-ex Japan equity strategy in place since 31 May 2014. It seeks to outperform the MSCI Asia ex-Japan ND index over the long term, without necessarily tracking it over the short term. The investment approach consists of 3 distinct themes (Growth, Value and Turnaround), combined with a fundamental bottom up stock-picking process. The portfolio will usually be relatively concentrated (with a maximum of 50 companies deriving a significant portion of their revenues from Asia). Each position is further constrained by a minimum and maximum position size of 1% and 10% respectively. The portfolio managers monitor risk exposures closely at the portfolio level to ensure the portfolio is not taking on excessive risks. Alongside this, independent teams manage investment risks and monitor operational risks.
NET CUMULATIVE PERFORMANCE AND ANNUAL PERFORMANCE IN USD 
Dec 31, 2017 - Feb 28, 2023
175 
Liquidity (sub./red.)	daily, 15:00
Min. investment	CHF 1'000'000 or eq
Entry/Exit fees	0.00% / 0.00%
Management fee	0.85%
Distribution fee	0.00%
FROC	0.24%
Ongoing charge (31 January 2023)	1.18%
TER max (30 September 2022)	1.09%
150
125 
100
75 
  -12.32% -14.37%
23.00%
18.17%
34.69%
25.02%
-7.26%
-4.72%
-19.67%
-24.76%
-0.10%
0.83%

Translation (ENFR, 2023-02-28):
# POINTS CLÉS
LO Funds - Asia High Conviction est une stratégie d’actions asiatiques (hors Japon) long-only gérée activement, en place depuis le 31 mai 2014. Le fonds vise à surperformer l’indice MSCI Asia ex-Japan ND à long terme, sans nécessairement le suivre à court terme. La philosophie d’investissement se compose de trois thèmes distincts (Growth, Value et Turnaround), combinés à une sélection de titres bottom-up basée sur les fondamentaux. Le portefeuille sera habituellement relativement concentré (avec un maximum de 50 sociétés générant une part significative de leurs revenus en Asie). Chaque position est également limitée par une taille minimale et maximale de respectivement 1% et 10%. Les gérants de portefeuille surveillent de près l’exposition aux risques au niveau du portefeuille pour s’assurer que le portefeuille ne prend pas de risques excessifs. De plus, des équipes indépendantes gèrent les risques d’investissement et surveillent les risques opérationnels.
PERFORMANCE CUMULÉE ET PERFORMANCE ANNUELLE NETTES EN USD 
31 déc. 2017 - 28 févr. 2023
175 
Inv. minimum	CHF 1'000'000 or eq Frais d'entrée/sortie		0.00% / 0.00%
Commission de gestion	0.85%
Commission de distribution	0.00%
FROC	0.24%
Ongoing charge (31 janvier 2023)	1.18%
TER max (30 septembre 2022)	1.09%
150
125 
100
75 
  -12.32% -14.37%
23.00%
18.17%
34.69%
25.02%
-7.26%
-4.72%
-24.76%
-19.67%
-0.10%
0.83%
# TOP 10 (IN %)
Taiwan Semiconductor Samsung Electronics (ord)
Tencent Holdings
AIA Group Ping An Ins H Alibaba Grp Infosys DS
Li Ning Co Icici Bank
Airports of Thailand (n/v)
9.2

Translation (ENFR, 2023-02-28):
# 10 PRINCIPALES POSITIONS (EN %)
Taiwan Semiconductor Samsung Electronics (ord)
Tencent Holdings
AIA Group Ping An Ins H Alibaba Grp Infosys DS
Li Ning Co Icici Bank
Airports of Thailand (n/v)
9.2
# INCREASED (SECURITIES)
LG Energy Solution Advanced Micro Devices
E Ink Holdings Bank Central Asia
0.9
1.0
1.4
1.3

Translation (ENFR, 2023-02-28):
# PONDÉRATIONS EN HAUSSE (TITRES)
LG Energy Solution Advanced Micro Devices
E Ink Holdings Bank Central Asia
0.9
1.0
1.4
1.3