# HIGHLIGHTS
LO Funds - Swiss Franc Credit Bond (Foreign) is an actively managed UCITS portfolio. Its long-only fixed income strategy has been in place since September 2009. It invests mainly in bonds issued by foreign public and private issuers, denominated in Swiss francs. It seeks to outperform the SBI Foreign A-BBB® index (registered trademark of SIX Swiss Exchange AG) over the long-term. The investment approach focuses on several sources of performance including the level of credit risk, the sectorial and geographical allocation as well as the issuers and issues selection. The duration is maintained in line with the benchmark. The selection process is backed by robust internal research and combines top- down allocation decisions, complemented by a bottom-up bond selection. Risk management is performed by fund managers, alongside independent teams who manage investment risks and monitor operational risks.
NET PERFORMANCE AND ANNUAL PERFORMANCE IN CHF 

### Dec 31, 2015 - Jun 30, 2021

### Net assets (all classes)	CHF 346.46 million

### Liquidity (sub./red.)	Daily, 15:00

### Min. investment	EUR 3'000 or equivalent

### Management fee	0.35%

### Distribution fee	0.35%

### FROC	0.25%

### TER max (31 March 2021)	0.95%
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |


## RISK AND REWARD PROFILE
110
105
100
95
3.44%	
2016	2017	2018	2019	2020	2021
LO Funds - Swiss Franc Credit Bond (Foreign) P A / D	Annual or YTD performance (Fund)
SBI Foreign A-BBB®	Annual or YTD performance (Bench.)
| Low |  | High |
| --- | --- | --- |
| CODES | Class A | Class D |
| ISIN | LU0137076930 | LU0137078985 |
| Bloomberg | LOMSFCB LX | LOMSFCD LX |
| NAV | CHF 13.99 | CHF 10.55 |


### Value of investments is variable and can go down as well as up.
Cumulative
| YTD | 0.24% | 0.30% |  |  | - | - |
| --- | --- | --- | --- | --- | --- | --- |
| 1 month | 0.12% | 0.13% |  |  | - | - |
| 3 months | 0.14% | 0.13% |  |  | - | - |
| 1 year | 3.59% | 2.46% |  |  | - | - |
| 3 years | 2.93% | 3.21% |  |  | 0.96% | 1.05% |
| 5 years | 1.41% | 2.76% |  |  | 0.28% | 0.54% |
| Total return (since 25.01.2002) | 39.86% | 62.07% |  |  | 1.74% | 2.51% |
| STATISTICS  30.06.2016 - 30.06.2021 | Fund | Bench. |  |  |  | Fund |
| Annualised volatility | 5.06% | 3.64% |  | Average coupon |  | 1.13% |
| Sharpe ratio | 0.22 | 0.38 |  | Average maturity |  | 4.28 |
| Max. drawdown | -9.90% | -7.24% |  | Average rating |  | BBB |
| Correlation |  | 0.984 |  | Modified duration |  | 3.99 |
| Tracking error |  | 1.62% |  | Yield to worst |  | 0.51% |
|  |  |  |  | Number of positions |  | 236 |

NET PERFORMANCE IN CHF	
Fund	Bench.
Annualized Fund	Bench.

## FISCAL INFORMATION

### Last dividend paid (30.11.2020)	CHF 0.10

## RATINGS

### Morningstar Category	CHF Bond

Translation (ENFR, 2021-06-30):
# POINTS CLÉS
LO Funds - Swiss Franc Credit Bond (Foreign) est un portefeuille « UCITS » suivant une gestion active. Sa stratégie d'investissement « long-only » enactifs obligataires est appliquée depuis septembre 2009. Il investit essentiellement en obligations d’émetteurs étrangers publics et privés, libellées en CHF. Il vise à générer une performance supérieure à l'indice SBI Foreign A-BBB® (marque déposée de SIX Swiss Exchange SA) sur le long terme. L'approche d'investissement se concentre sur plusieurs sources de performance dont le niveau de risque de crédit, de l’allocation sectorielle et géographique ainsi que de la sélection des émetteurs et des émissions. La duration est alignée sur celle de l’indice de référence. Le processus de sélection s'appuie sur une recherche interne robuste et allie des décisions d'allocation « top-down », complétées par une sélection de titres « bottom-up ». La gestion du risque est assurée par les gérants et des équipes indépendantes gèrent les risques d’investissement et contrôlent les risques opérationnels.
PERFORMANCE NETTE ET PERFORMANCE ANNUELLE EN CHF 

### 31 déc. 2015 - 30 juin 2021

### Encours (toutes classes)	CHF 346.46 millions

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

### Inv. minimum	EUR 3'000 ou équivalent Commission de gestion		0.35%

### Commission de distribution	0.35%

### FROC	0.25%

### TER max (31 mars 2021)	0.95%

## PROFIL DE RISQUE
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |

110
105
100
95
3.44%	
2016	2017	2018	2019	2020	2021
LO Funds - Swiss Franc Credit Bond (Foreign) P A / D	Performance annuelle ou Année en cours (Fonds)
SBI Foreign A-BBB®	Performance annuelle ou Année en cours (Indice)
| Faible |  | Elevé |
| --- | --- | --- |
| CODES | Classe A | Classe D |
| ISIN | LU0137076930 | LU0137078985 |
| Bloomberg | LOMSFCB LX | LOMSFCD LX |
| Valeur Liquidative | CHF 13.99 | CHF 10.55 |


### La valeur des investissements est variable et peut diminuer aussi bien qu’augmenter.
Cumulée	Annualisée
| PERFORMANCE NETTE EN CHF | Fonds | Indice |  |  | Fonds | Indice |
| --- | --- | --- | --- | --- | --- | --- |
| Année en cours | 0.24% | 0.30% |  |  | - | - |
| 1 mois | 0.12% | 0.13% |  |  | - | - |
| 3 mois | 0.14% | 0.13% |  |  | - | - |
| 1 an | 3.59% | 2.46% |  |  | - | - |
| 3 ans | 2.93% | 3.21% |  |  | 0.96% | 1.05% |
| 5 ans | 1.41% | 2.76% |  |  | 0.28% | 0.54% |
| Perf. totale (depuis 25.01.2002) | 39.86% | 62.07% |  |  | 1.74% | 2.51% |
| STATISTIQUES  30.06.2016 - 30.06.2021 | Fonds | Indice |  |  |  | Fonds |
| Volat. annualisée | 5.06% | 3.64% |  | Coupon moyen |  | 1.13% |
| Ratio de Sharpe | 0.22 | 0.38 |  | Echéance moyenne |  | 4.28 |
| Baisse maximum | -9.90% | -7.24% |  | Note de crédit moyenne |  | BBB |
| Corrélation |  | 0.984 |  | Duration modifiée |  | 3.99 |
| Tracking Error |  | 1.62% |  | Yield to worst |  | 0.51% |
|  |  |  |  | Nombre de positions |  | 236 |


## INFORMATION FISCALE

### Dernier dividende (30.11.2020)	CHF 0.10

## NOTATION

### Morningstar Category	CHF Bond