# HIGHLIGHTS
LO Funds - Continental Europe Small & Mid Leaders is a long-only European equity strategy launched in June 2003. It invests in Western Europe (excluding UK) companies with a market capitalisation above EUR 200m, selected for their potential to become regional or global industry leaders. It seeks to outperform the Stoxx Ex UK Small Return ND Index over the long-term. The investment approach focuses on three distinct themes (industry leaders, rising stars, investment opportunities), combined with a bottom-up proprietary research-intensive process. A screen of company financial fundamentals (e.g. margins, returns, free-cash flow generation, balance sheet quality…) provides an initial filter.

### Thereafter company meetings and industry contacts help assess factors such as strategy and management ability. Strict sell discipline is combined with low turnover.
NET PERFORMANCE AND ANNUAL PERFORMANCE IN EUR 

### Dec 31, 2015 - Jul 31, 2021

### Net assets (all classes)	EUR 552.11 million

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

### Min. investment	CHF 1'000'000 or eq

### Management fee	0.90%

### Distribution fee	0.00%

### FROC	0.25%

### TER max (31 March 2021)	1.15%
175
150
125
100
-0.58%
4.09%
18.54% 20.02%
29.59% 26.28%
13.48% 11.47%
19.86%
15.48%
75 
-10.96%	
-17.32%
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |


## RISK AND REWARD PROFILE
2016	2017	2018	2019	2020	2021
LO Funds - Continental Europe Small & Mid Leaders, (EUR) N A / D	Annual or YTD performance (Fund) Stoxx ex-UK Small Return ND Index EUR	Annual or YTD performance (Bench.)

### Value of investments is variable and can go down as well as up.
| Low |  | High |
| --- | --- | --- |
| CODES | Class A | Class D |
| ISIN | LU0256787887 | LU0257654789 |
| Bloomberg | LUCKIEA LX | LUKCEUK LX |
| NAV | EUR 98.08 | EUR 89.86 |

Cumulative	Annualized
| NET PERFORMANCE IN EUR | Fund | Bench. |  |  | Fund | Bench. |
| --- | --- | --- | --- | --- | --- | --- |
| YTD | 15.48% | 19.86% |  |  | - | - |
| 1 month | 3.24% | 3.91% |  |  | - | - |
| 3 months | 7.05% | 8.01% |  |  | - | - |
| 1 year | 33.02% | 42.15% |  |  | - | - |
| 3 years | 38.14% | 45.74% |  |  | 11.31% | 13.30% |
| 5 years | 68.78% | 92.70% |  |  | 10.98% | 13.95% |
| Total return (since 13.06.2003) | 605.16% | 524.92% |  |  | 11.33% | 10.60% |
| STATISTICS  31.07.2016 - 31.07.2021 | Fund | Bench. |  |  |  | Fund |
| Annualised volatility | 15.43% | 15.15% |  | Number of positions |  | 57 |
| Sharpe ratio | 0.74 | 0.95 |  |  |  |  |
| Max. drawdown | -21.39% | -22.63% |  |  |  |  |
| Correlation |  | 0.954 |  |  |  |  |
| Tracking error |  | 4.65% |  |  |  |  |


## FISCAL INFORMATION

### Last dividend paid (27.11.2019)	EUR 0.42

## RATINGS

Translation (ENFR, 2021-07-31):
# POINTS CLÉS
LO Funds - Continental Europe Small & Mid Leaders est une stratégie « long-only » a gestion active axée sur les actions européennes et lancée en juin 2003. Il investit dans des sociétés d'Europe occidentale (hors R.-U.) d'une capitalisation boursière supérieure à 200 millions d'euros, sélectionnées pour leur potentiel à devenir des leaders sectoriels au niveau régional ou mondial. Il vise à générer une performance supérieure à l'indice « Stoxx Ex UK Small Return ND » sur le long terme. La philosophie d'investissement s'axe autour de trois thèmes distincts (leaders sectoriels, étoiles montantes, opportunités de placement), combinés à un processus « bottom-up » exclusif basé sur la recherche. Une analyse des fondamentaux financiers de l'entreprise (p. ex. marges, rendements, génération de cash-flow disponible, qualité du bilan...) constitue un premier filtre. Dans un second temps, des rencontres avec les sociétés et des contacts dans le secteur permettent d'évaluer des facteurs tels que la stratégie et les capacités de la direction. Une discipline de vente rigoureuse est associée à un faible taux de rotation.
PERFORMANCE NETTE ET PERFORMANCE ANNUELLE EN EUR 

### 31 déc. 2015 - 31 juil. 2021
175
150
125
100
75
2016	2017	2018	2019	2020	2021
LO Funds - Continental Europe Small & Mid Leaders, (EUR) N A / D	Performance annuelle ou Année en cours (Fonds) Stoxx ex-UK Small Return ND Index EUR	Performance annuelle ou Année en cours (Indice)

### La valeur des investissements est variable et peut diminuer aussi bien qu’augmenter.
|  | PERFORMANCE NETTE EN EUR | Fonds | Indice |  |  | Fonds | Indice |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Année en cours | 15.48% | 19.86% |  |  | - | - |
| INFORMATION FISCALE |  | 1 mois | 3.24% | 3.91% |  |  | - | - |
|  |  | 3 mois | 7.05% | 8.01% |  |  | - | - |
| Dernier dividende (27.11.2019)	EUR 0.42 |  | 1 an | 33.02% | 42.15% |  |  | - | - |
|  |  | 3 ans | 38.14% | 45.74% |  |  | 11.31% | 13.30% |
|  |  | 5 ans | 68.78% | 92.70% |  |  | 10.98% | 13.95% |
| NOTATION |  | Perf. totale (depuis 13.06.2003) | 605.16% | 524.92% |  |  | 11.33% | 10.60% |
| Morningstar Rating |  |  |  |  |  |  |  |  |
|  |  | STATISTIQUES  31.07.2016 - 31.07.2021 | Fonds | Indice |  |  |  | Fonds |
|  |  | Volat. annualisée | 15.43% | 15.15% |  | Nombre de positions |  | 57 |
|  |  | Ratio de Sharpe | 0.74 | 0.95 |  |  |  |  |
|  |  | Baisse maximum | -21.39% | -22.63% |  |  |  |  |
|  |  | Corrélation |  | 0.954 |  |  |  |  |
|  |  | Tracking Error |  | 4.65% |  |  |  |  |


### Valeur Liquidative	EUR 98.08	EUR 89.86
Cumulée
Annualisée