OVHaiLLM/Flipper huggingface dataset:
# NET PERFORMANCE IN EUR	Fund
YTD	6.92%
1 month	-4.44%
3 months	-7.83%
1 year	0.02%
3 years	17.21%
Total return (since 04.09.2018)	5.79%
Annualized
Fund

Translation (ENIT, 2022-10-31):
# PERFORMANCE NETTA IN EUR	Fondo
Da inizio anno	6.92%
1 mese	-4.44%
3 mesi (30.09.2022)	-1.99%
1 anno	0.02%
3 anni	17.21%
Rendimento dal lancio (04.09.2018)	5.79%
Annualizzata
Fondo
## RISK AND REWARD PROFILE
PrivilEdge - Ashmore Emerging Market Local Currency Bond, Syst. Hdg, (CHF) M A
Annual or YTD performance (Fund)

Translation (ENIT, 2022-10-31):
## PROFILO DI RISCHIO
PrivilEdge - Ashmore Emerging Market Local Currency Bond, Syst. Hdg, (CHF) M A
Rendimento annuale o YTD (Fondo)
# SECTORS (IN %)
Sovereigns
44.5
Supranational Liquid assets
Government Development Banks
Power Generation
Banks Travel & Lodging Financial Services Commercial Finance Industrial Other
Others Liquid assets

Translation (ENIT, 2022-10-31):
# SCOMPOSIZIONE SETTORIALE (IN %)
Sovereigns Government Development Banks
Power Generation
Banche Travel & Lodging Financial Services Commercial Finance Industrial Other
Altri Liquidità
44.5
# CURRENCIES (IN %)
EUR
100.0
For securities not rated by Fitch, an equivalent short-term rating is derived using short-term ratings from S&P and/or Moody's.

Translation (ENIT, 2022-10-31):
# SCOMPOSIZIONE VALUTARIA (IN %)
EUR
100.0
Per i titoli che non hanno un rating di Fitch, si utilizza un rating a breve termine equivalente ottenuto sulla base delle classificazioni a breve termine di S&P e/o Moody's.
| NET PERFORMANCE IN EUR | Fund | Bench. |  | Fund | Bench. |
| --- | --- | --- | --- | --- | --- |
| YTD | 20.14% | 33.27% |  | - | - |
| 1 month | -0.04% | 1.09% |  | - | - |
| 3 months (30.09.2022) | -1.86% | 2.34% |  | - | - |
| 1 year | 21.52% | 30.14% |  | - | - |
| 3 years | 48.37% | 64.79% |  | 14.00% | 18.04% |
| 5 years | 49.18% | 64.72% |  | 8.30% | 10.45% |
| Total return (since 20.09.2017) | 57.24% | 71.01% |  | 9.22% | 11.02% |
| STATISTICS  31.10.2017 - 31.10.2022 |  |  |  | Fund | Bench. |
| Annualised volatility |  |  |  | 13.57% | 15.09% |
| Sharpe ratio |  |  |  | 0.64 | 0.72 |
| Max. drawdown |  |  |  | -24.52% | -25.75% |
| Correlation |  |  |  |  | 0.890 |
| Tracking error |  |  |  |  | 6.89% |

Translation (ENIT, 2022-10-31):
| PERFORMANCE NETTA IN EUR | Fondo | Bench. |  | Fondo | Bench. |
| --- | --- | --- | --- | --- | --- |
| Da inizio anno | 20.14% | 33.27% |  | - | - |
| 1 mese | -0.04% | 1.09% |  | - | - |
| 3 mesi (30.09.2022) | -1.86% | 2.34% |  | - | - |
| 1 anno | 21.52% | 30.14% |  | - | - |
| 3 anni | 48.37% | 64.79% |  | 14.00% | 18.04% |
| 5 anni | 49.18% | 64.72% |  | 8.30% | 10.45% |
| Rendimento dal lancio (20.09.2017) | 57.24% | 71.01% |  | 9.22% | 11.02% |
| STATISTICHE  31.10.2017 - 31.10.2022 |  |  |  | Fondo | Bench. |
| Volat. su base annuale |  |  |  | 13.57% | 15.09% |
| Indice di Sharpe |  |  |  | 0.64 | 0.72 |
| Max. drawdown |  |  |  | -24.52% | -25.75% |
| Correlazione |  |  |  |  | 0.890 |
| Tracking Error |  |  |  |  | 6.89% |
# TOP 10 (IN %)
Taiwan Semiconductor Manufact Co Ltd
6.9
Tencent Holdings Ltd

Translation (ENIT, 2022-10-31):
# PRINCIPALI 10 TITOLI (IN %)
Taiwan Semiconductor Manufact Co Ltd
6.9
Tencent Holdings Ltd Bank Rakyat Indonesia (persero) Tbk Pt Samsung Electronics Co Ltd
Reliance Industries Ltd
Hdfc Bank Ltd Cimb Group Holdings Bhd
Icici Bank Ltd Al Rajhi Bank
Samsung Biologics Co Ltd
LO Funds – New Food Systems (EUR) N
Fact Sheet (marketing document)
Equities	31 October 2022
FUND FACTS
Domicile/Legal structure	Luxembourg/SICAV Legal Status		UCITS
Fund inception date	7 July 2022
SFDR Classification	Article 9
Currency of Fund	USD
Currency of share class	EUR
Fund manager	C. Walsh, A. Donets

Translation (ENIT, 2022-10-31):
LO Funds – New Food Systems (EUR) N
Fact Sheet (Materiale promozionale)
Azioni	31 ottobre 2022
FUND FACTS
Domicilio/Forma giuridica	Lussemburgo / SICAV Legal Status		UCITS
Data di lancio del fondo	7 luglio 2022
Classificazione SFDR	Articolo 9 Valuta del Fondo		USD
Valuta della classe	EUR
Gestore	C. Walsh, A. Donets
# NET PERFORMANCE IN EUR	Fund
YTD	-9.37%
| 3 months | -4.57% |  |  | - |
| --- | --- | --- | --- | --- |
| 1 year | -9.51% |  |  | - |
| 3 years	-2.41%	-0.81% 5 years	0.72%	0.14% 10 years	22.83%	2.07% Total return (since 24.01.2012)	27.24%	2.25% |

1 month	-0.09%
STATISTICS 
31.10.2017 - 31.10.2022	
Fund
Annualised volatility	5.10%
Sharpe ratio0.12
Max. drawdown	-11.23%
Annualized
Fund
-
-
Fund
Average rating	BBB-
Modified duration1.46
Exposure	45.51%
Number of positions263
Morningstar Category	EAA Fund EUR Flexible Allocation -
Global

Translation (ENIT, 2022-10-31):
# PERFORMANCE NETTA IN EUR	Fondo
Da inizio anno	-9.37%
1 mese	-0.09%
Annualizzata
Fondo
-
-
| 3 anni | -2.41% |  |  | -0.81% |
| --- | --- | --- | --- | --- |
| 5 anni | 0.72% |  |  | 0.14% |
| 10 anni | 22.83% |  |  | 2.07% |
| Rendimento dal lancio (24.01.2012) | 27.24% |  |  | 2.25% |

ISIN	LU0718509606
Bloomberg	LOARDSP LX
VNI	EUR 12.72

## RATINGS
Morningstar Category	EAA Fund EUR Flexible Allocation -
Global
STATISTICHE 
31.10.2017 - 31.10.2022	
Fondo
Volat. su base annuale	5.10%
Indice di Sharpe0.12
Max. drawdown	-11.23%
Fondo
Rating medio	BBB-
Duration modificata1.46
Exposure	45.51%
Numero di titoli263
| NET PERFORMANCE IN USD | Fund | Bench. |  |  | Fund | Bench. |
| --- | --- | --- | --- | --- | --- | --- |
| YTD | -10.63% | -9.08% |  |  | - | - |
| 1 month | -2.19% | -2.21% |  |  | - | - |
| 3 months | -6.74% | -6.28% |  |  | - | - |
| 1 year | -8.98% | -7.34% |  |  | - | - |
| 3 years | 1.83% | - |  |  | 0.60% | - |
| 5 years | 2.29% | - |  |  | 0.45% | - |
| Total return (since 24.06.2014) | 4.50% | - |  |  | 0.53% | - |
| STATISTICS  31.10.2017 - 31.10.2022 | Fund | Bench. |  |  |  | Fund |
| Annualised volatility | 5.64% | - |  | Average coupon |  | 2.92% |
| Sharpe ratio | -0.16 | - |  | Average maturity |  | 7.44 |
| Max. drawdown | -11.50% | - |  | Average rating |  | A+ |
| Correlation |  | 0.993 |  | Modified duration |  | 5.62 |
| Tracking error |  | 0.63% |  | Yield to maturity |  | 2.43% |
|  |  |  |  | Number of positions |  | 35 |
|  |  |  |  | Non Government Bonds |  | 14.23% |

Translation (ENIT, 2022-10-31):
| PERFORMANCE NETTA IN USD | Fondo | Bench. |  |  | Fondo | Bench. |
| --- | --- | --- | --- | --- | --- | --- |
| Da inizio anno | -10.63% | -9.08% |  |  | - | - |
| 1 mese | -2.19% | -2.21% |  |  | - | - |
| 3 mesi (30.09.2022) | -4.74% | -4.07% |  |  | - | - |
| 1 anno | -8.98% | -7.34% |  |  | - | - |
| 3 anni | 1.83% | - |  |  | 0.60% | - |
| 5 anni | 2.29% | - |  |  | 0.45% | - |
| Rendimento dal lancio (24.06.2014) | 4.50% | - |  |  | 0.53% | - |
| STATISTICHE  31.10.2017 - 31.10.2022 | Fondo | Bench. |  |  |  | Fondo |
| Volat. su base annuale | 5.64% | - |  | Cedola media |  | 2.92% |
| Indice di Sharpe | -0.16 | - |  | Scadenza media |  | 7.44 |
| Max. drawdown | -11.50% | - |  | Rating medio |  | A+ |
| Correlazione |  | 0.993 |  | Duration modificata |  | 5.62 |
| Tracking Error |  | 0.63% |  | Yield alla scadenza |  | 2.43% |
|  |  |  |  | Numero di titoli |  | 35 |
|  |  |  |  | Obblig. non govern. |  | 14.23% |
# DURATION CONTRIB. BY CREDIT RATING (IN YEARS)
AAA AA A BBB BB B
CCC and below
Not rated Liquid assets
2.0
2.0

Translation (ENIT, 2022-10-31):
# CONTRIB. DURATION PER RATING CREDITIZIO (IN ANNI)
AAA AA A BBB BB B
CCC and below Senza rating
Liquidità
2.0
2.0
# NET PERFORMANCE IN CHF	Fund
#### YTD	-17.75%
1 month	2.60%
3 months	-5.64%
1 year	-17.52%
3 years	-4.46%
5 years	-3.55%
10 years	21.63%
Total return (since 10.12.2009)	22.72%
Annualized
Fund
-
-
-
-
-1.50%
-0.72%
1.97%
1.60%
ES - Switchable	No

## RATINGS
STATISTICS 
31.10.2017 - 31.10.2022	
Fund
Annualised volatility	11.16%
Sharpe ratio0.01
Max. drawdown	-20.48%

Translation (ENIT, 2022-10-31):
# PERFORMANCE NETTA IN CHF	Fondo
Da inizio anno	-17.75%
1 mese	2.60%
3 mesi (30.09.2022)	-5.20%
1 anno	-17.52%
3 anni	-4.46%
| 5 anni | -3.55% |  | -0.72% |
| --- | --- | --- | --- |
| 10 anni | 21.63% |  | 1.97% |
| Rendimento dal lancio (10.12.2009)	22.72% |  | 1.60% |

Annualizzata
Fondo
-
-
-
-
-1.50%
STATISTICHE 
31.10.2017 - 31.10.2022	
Fondo
Volat. su base annuale	11.16%
Indice di Sharpe0.01
Max. drawdown	-20.48%
# TOP 10 (IN %)
Apple Computer Com
Alphabet A Lululemon Ath Us Johnson & Johnson
Coca-Cola Co
LVMH
Procter & Gamble
Pepsico Microsoft Corp Hermes International
4.5

Translation (ENIT, 2022-10-31):
# PRINCIPALI 10 TITOLI (IN %)
Apple Computer Com
Alphabet A Lululemon Ath Us Johnson & Johnson
Coca-Cola Co
LVMH
Procter & Gamble
Pepsico Microsoft Corp Hermes International
4.5
# NET PERFORMANCE IN USD	Fund
YTD	-14.26%
Annualized
Fund
-
| risk-free or that capital is necessarily guar | anteed or protected. | 1 month | 0.04% |  | - |
| --- | --- | --- | --- | --- | --- |
| CODES | Class A | 3 months | -7.23% |  | - |

| 1 year | -14.26% |  |  | - |
| --- | --- | --- | --- | --- |
| 3 years | 1.94% |  |  | 0.64% |
| 5 years | 17.20% |  |  | 3.21% |
| Total return (since 07.09.2017) | 22.84% |  |  | 4.06% |

ISIN	LU1542445496
Bloomberg	LOARGSU LX
NAV	USD 12.28

## FISCAL INFORMATION
ES - Switchable	Yes
STATISTICS 
31.10.2017 - 31.10.2022	
Fund
Annualised volatility	9.00%
Sharpe ratio0.21
Max. drawdown	-17.03%
Fund
Average rating	BBB-
Modified duration2.56
Exposure	79.62%
Number of positions263

Translation (ENIT, 2022-10-31):
# PERFORMANCE NETTA IN USD	Fondo
Da inizio anno	-14.26%
1 mese	0.04%
| 1 anno | -14.26% |  |  | - |
| --- | --- | --- | --- | --- |
| 3 anni | 1.94% |  |  | 0.64% |

3 mesi (30.09.2022)	-4.27%
Annualizzata
Fondo
-
-
-
| NET PERFORMANCE IN EUR | Fund | Bench. |  |  | Fund | Bench. |
| --- | --- | --- | --- | --- | --- | --- |
| YTD | -38.60% | -15.74% |  |  | - | - |
| 1 month | 5.70% | 4.89% |  |  | - | - |
| 3 months | -4.28% | -6.08% |  |  | - | - |
| 1 year | -44.50% | -11.95% |  |  | - | - |
| 3 years | 13.98% | 56.23% |  |  | 4.44% | 15.97% |
| 5 years | 53.85% | 109.88% |  |  | 8.96% | 15.92% |
| Total return (since 08.08.2013) | 183.44% | 325.23% |  |  | 11.91% | 16.92% |
| STATISTICS  31.10.2017 - 31.10.2022 | Fund | Bench. |  |  |  | Fund |
| Annualised volatility | 23.27% | 18.85% |  | Number of positions |  | 28 |
| Sharpe ratio | 0.40 | 0.87 |  |  |  |  |
| Max. drawdown | -49.34% | -21.87% |  |  |  |  |
| Correlation |  | 0.886 |  |  |  |  |
| Tracking error |  | 10.93% |  |  |  |  |

Translation (ENIT, 2022-10-31):
| PERFORMANCE NETTA IN EUR | Fondo | Bench. |  |  | Fondo | Bench. |
| --- | --- | --- | --- | --- | --- | --- |
| Da inizio anno | -38.60% | -15.74% |  |  | - | - |
| 1 mese | 5.70% | 4.89% |  |  | - | - |
| 3 mesi (30.09.2022) | 3.66% | 2.81% |  |  | - | - |
| 1 anno | -44.50% | -11.95% |  |  | - | - |
| 3 anni | 13.98% | 56.23% |  |  | 4.44% | 15.97% |
| 5 anni | 53.85% | 109.88% |  |  | 8.96% | 15.92% |
| Rendimento dal lancio (08.08.2013) | 183.44% | 325.23% |  |  | 11.91% | 16.92% |
| STATISTICHE  31.10.2017 - 31.10.2022 | Fondo | Bench. |  |  |  | Fondo |
| Volat. su base annuale | 23.27% | 18.85% |  | Numero di titoli |  | 28 |
| Indice di Sharpe | 0.40 | 0.87 |  |  |  |  |
| Max. drawdown | -49.34% | -21.87% |  |  |  |  |
| Correlazione |  | 0.886 |  |  |  |  |
| Tracking Error |  | 10.93% |  |  |  |  |
# NET PERFORMANCE IN EUR	Fund
YTD	-15.48%
1 month	1.52%
3 months	-6.67%
1 year	-14.61%
| NAV	EUR 151.21 |  | 5 years | 1.42% |  | 0.28% |
| --- | --- | --- | --- | --- | --- |
|  |  | 10 years | 34.66% |  | 3.01% |
| FISCAL INFORMATION |  | Total return (since 10.12.2009) | 51.21% |  | 3.25% |
| ES - Switchable	No |  |  |  |  |  |
|  |  | STATISTICS  31.10.2017 - 31.10.2022 |  |  | Fund |
| RATINGS |  | Annualised volatility |  |  | 11.16% |
|  |  | Sharpe ratio |  |  | 0.07 |
| Morningstar Rating |  | Max. drawdown |  |  | -17.05% |

3 years	0.02%
Annualized
Fund
-
-
-
- 0.01%

Translation (ENIT, 2022-10-31):
# PERFORMANCE NETTA IN EUR	Fondo
Annualizzata
Fondo
| 1 anno | -14.61% |  | - |
| --- | --- | --- | --- |
| 3 anni | 0.02% |  | 0.01% |
| 5 anni | 1.42% |  | 0.28% |

VNI	EUR 151.21
|  | 10 anni | 34.66% |  | 3.01% |
| --- | --- | --- | --- | --- |
| Morningstar Rating |  | Rendimento dal lancio (10.12.2009) | 51.21% |  | 3.25% |
|  |  | STATISTICHE  31.10.2017 - 31.10.2022 |  |  | Fondo |
|  |  | Volat. su base annuale |  |  | 11.16% |
|  |  | Indice di Sharpe |  |  | 0.07 |
|  |  | Max. drawdown |  |  | -17.05% |

RATINGS
## FUND FACTS
Domicile/Legal structure	Luxembourg/SICAV Legal Status		UCITS
Fund inception date	20 November 2020
SFDR Classification	Article 6
Currency of Fund	GBP
Currency of share class	EUR Hedged
Fund manager	Liontrust Investment Partners LLP Net assets (all classes)		EUR 41.40 million
Liquidity (sub./red.)	daily, 15:00

Translation (ENIT, 2022-10-31):
## FUND FACTS
Domicilio/Forma giuridica	Lussemburgo / SICAV Legal Status		UCITS
Data di lancio del fondo	20 novembre 2020
Classificazione SFDR	Articolo 6 Valuta del Fondo		GBP
Valuta della classe	EUR Hedged
Gestore	Liontrust Investment Partners LLP Patrimonio (tutte le classi)		EUR 41.40 milioni
Liquidità (sub./red.)	Quotidiana, 15:00
# NET PERFORMANCE IN USD	Fund
YTD	-13.65%
Annualized
Fund
-
| risk-free or that capital is necessarily guar | anteed or protected. | 1 month | 0.11% |  | - |
| --- | --- | --- | --- | --- | --- |
| CODES | Class A | 3 months | -7.04% |  | - |

| 1 year | -13.54% |  |  | - |
| --- | --- | --- | --- | --- |
| 3 years | 3.68% |  |  | 1.21% |
| 5 years | 19.20% |  |  | 3.56% |
| Total return (since 07.09.2017) | 24.93% |  |  | 4.40% |

ISIN	LU1542444929
Bloomberg	LOARGSN LX
NAV	USD 12.38

## FISCAL INFORMATION
ES - Switchable	No
STATISTICS 
31.10.2017 - 31.10.2022	
Fund
Annualised volatility	8.99%
Sharpe ratio0.25
Max. drawdown	-16.28%
Fund
Average rating	BBB-
Modified duration2.56
Exposure	79.62%
Number of positions263

Translation (ENIT, 2022-10-31):
# PERFORMANCE NETTA IN USD	Fondo
Da inizio anno	-13.65%
1 mese	0.11%
| 1 anno | -13.54% |  |  | - |
| --- | --- | --- | --- | --- |
| 3 anni | 3.68% |  |  | 1.21% |

3 mesi (30.09.2022)	-4.07%
Annualizzata
Fondo
-
-
-
| NET PERFORMANCE IN CHF | Fund | Bench. |  |  | Fund | Bench. |
| --- | --- | --- | --- | --- | --- | --- |
| YTD | -13.66% | -12.15% |  |  | - | - |
| 1 month | 6.52% | 6.34% |  |  | - | - |
| 3 months | -4.38% | -5.22% |  |  | - | - |
| 1 year | -11.24% | -9.63% |  |  | - | - |
| 3 years | 8.56% | 10.93% |  |  | 2.76% | 3.50% |
| Total return (since 30.11.2017) | 9.88% | 19.50% |  |  | 1.93% | 3.68% |
| STATISTICS  30.11.2017 - 31.10.2022 | Fund | Bench. |  |  |  | Fund |
| Annualised volatility | 17.64% | 15.77% |  | Number of positions |  | 248 |
| Sharpe ratio | 0.15 | 0.28 |  |  |  |  |
| Max. drawdown | -28.02% | -22.58% |  |  |  |  |
| Correlation |  | 0.986 |  |  |  |  |
| Tracking error |  | 3.35% |  |  |  |  |

Translation (ENIT, 2022-10-31):
| PERFORMANCE NETTA IN CHF | Fondo | Bench. |  |  | Fondo | Bench. |
| --- | --- | --- | --- | --- | --- | --- |
| Da inizio anno | -13.66% | -12.15% |  |  | - | - |
| 1 mese | 6.52% | 6.34% |  |  | - | - |
| 3 mesi (30.09.2022) | -4.52% | -4.23% |  |  | - | - |
| 1 anno | -11.24% | -9.63% |  |  | - | - |
| 3 anni | 8.56% | 10.93% |  |  | 2.76% | 3.50% |
| Rendimento dal lancio (30.11.2017) | 9.88% | 19.50% |  |  | 1.93% | 3.68% |
| STATISTICHE  30.11.2017 - 31.10.2022 | Fondo | Bench. |  |  |  | Fondo |
| Volat. su base annuale | 17.64% | 15.77% |  | Numero di titoli |  | 248 |
| Indice di Sharpe | 0.15 | 0.28 |  |  |  |  |
| Max. drawdown | -28.02% | -22.58% |  |  |  |  |
| Correlazione |  | 0.986 |  |  |  |  |
| Tracking Error |  | 3.35% |  |  |  |  |
# TOP 10 (IN %)
Nestle Sa Shell Plc
Roche Holding Ag
3.3

Translation (ENIT, 2022-10-31):
# PRINCIPALI 10 TITOLI (IN %)
Nestle Sa Shell Plc
Roche Holding Ag
Novartis Ag Totalenergies Se Novo Nordisk A/s
LVMH Moet Hennessy Louis Vuitton SE
BP Plc HSBC HOLDINGS PLC
Sanofi Sa
3.3
# NET PERFORMANCE IN EUR	Fund
YTD	-9.93%
1 month	-3.45%
3 months	-5.60%
1 year	-19.89%
Total return (since 28.05.2021)	-18.71%
STATISTICS 
28.05.2021 - 31.10.2022	
Fund
Max. drawdown	-19.96%
Annualized
Fund

Translation (ENIT, 2022-10-31):
# PERFORMANCE NETTA IN EUR	Fondo
Da inizio anno	-9.93%
1 mese	-3.45%
3 mesi (30.09.2022)	0.10%
1 anno	-19.89%
Rendimento dal lancio (28.05.2021)	-18.71%
STATISTICHE 
28.05.2021 - 31.10.2022	
Fondo
Max. drawdown	-19.96%
Annualizzata
Fondo
# FUND WEIGHTS (IN %)
Agriculture
40.6
Metals
38.6
Energy
20.7
PERF. ATTRIBUTION (IN %) - ALLOCATION EFFECT	PERF. ATTRIBUTION (IN %) - SELECTION EFFECT

Translation (ENIT, 2022-10-31):
# PONDERAZIONI DEL FONDO (%)
Agriculture
40.6
Metalli
38.6
Energia
20.7
PERF. ATTRIBUTION (IN %) - ALLOCATION EFFECT	PERF. ATTRIBUTION (IN %) - SELECTION EFFECT
# TOP 10 BONDS (% WEIGHT IN TOTAL PF)
TEVA Pharm FNC NL II
India Green Energy Hldng
2.2
2.2

Translation (ENIT, 2022-10-31):
# TOP 10 BONDS (PONDERACIÓN % EN PF TOTAL)
TEVA Pharm FNC NL II
India Green Energy Hldng Banco BTG Pactual/Cayman Greenko Solar Mauritius
ZF Finance GMBH Abanca Corp Bancaria SA Permanent TSB Group ALLWYN INTERNATIONAL AS
2.2
2.2
# HIGHLIGHTS
LO Funds - Global Convertible Bond Defensive Delta is an actively managed long-only global convertible bond strategy launched in December 2014. It invests primarily in global convertible bonds with a balanced profile. The weighted average delta equity sensitivity of the sub-fund is capped at 40%. It seeks to deliver asymmetrical performance over the medium to long-term, profiting from equity market upturns while benefiting from the downside protection of a fixed income structure with a fraction of the volatility of equities. The investment approach is based on fundamental and technical research and combines ‘top-down’ economic analysis with ‘bottom-up’ stock selection. Two final hurdles include a minimum issue size of USD 150mn (for liquidity purposes) and a minimum credit rating of B- (reflecting the search for an investment grade quality for the portfolio). Currency risk is restricted to 10%, with at least 90% of the portfolio hedged.
NET CUMULATIVE PERFORMANCE AND ANNUAL PERFORMANCE IN EUR 
Dec 31, 2016 - Aug 31, 2022
120
Swinging Single Pricing	Yes
Min. investment	CHF 1'000'000 or eq
Entry/Exit fees	0.00% / 0.00%
Management fee	0.65%
Distribution fee	0%
FROC	0.22%
Ongoing charge (29 July 2022)	0.93%
TER max (30 September 2021)	0.87%

Translation (ENIT, 2022-08-31):
# EVENTI DI RILIEVO
LO Funds - Global Convertible Bond Defensive Delta è una strategia long-only a gestione attiva che investe in obbligazioni convertibili globali, lanciata a dicembre 2014. Investe prevalentemente in obbligazioni convertibili globali dal profilo bilanciato. Il delta medio ponderato (sensibilità azionaria) è limitato al 40%. Il comparto mira a una performance asimmetrica sul periodo medio-lungo, approfittando dei rialzi dei mercati azionari e beneficiando al contempo della protezione al ribasso di una struttura a reddito fisso con una volatilità nettamente inferiore a quella delle azioni.
L'approccio d'investimento, che si avvale di una ricerca fondamentale e tecnica, coniuga l'analisi economica “top-down” alla selezione dei titoli “bottom-up”. Le emissioni devono avere una dimensione minima di USD 150 milioni per motivi di liquidità e un rating di credito minimo di B per ottenere un portafoglio di qualità investment grade. Il rischio di cambio è limitato al 10% e almeno il 90% delle posizioni è coperto.
PERFORMANCE CUMULATIVA NETTO E PERFORMANCE ANNUALE IN EUR 
31-dic-2016 - 31-ago-2022
120
Swinging Single Pricing	Si
Investimento minimo	CHF 1'000'000 or eq Spesa di sottoscrizione/rimborso		0.00% / 0.00% Commissione di gestione			0.65%
Commissione di distribuzione	0%
FROC	0.22%
Ongoing charge (29 luglio 2022)	0.93%
TER max (30 settembre 2021)	0.87%
## RISK AND REWARD PROFILE
110
100
90
-10.13%
2017	2018	2019	2020	2021	2022
LO Funds - Global Convertible Bond Defensive Delta, (EUR) N A	Annual or YTD performance (Fund)

Translation (ENIT, 2022-08-31):
## PROFILO DI RISCHIO
110
100
90
-10.13%
2017	2018	2019	2020	2021	2022
LO Funds - Global Convertible Bond Defensive Delta, (EUR) N A	Rendimento annuale o YTD (Fondo)
# TOP 10 (IN %)
Amer Movil 0% 02/03/24 Cnv Qiagen 0% 17/12/27 Cnv
Jpmorgan Chase Finan 0% 29/04/25 Cnv
Dte
Dexus Finance 2.3% 19/06/26 Cnv Prospect Cap Corp 6.375% 01/03/25 Cnv Akamai Technologies 0.375% 01/09/27 Cnv Sgx Treasury I Pte 0% 01/03/24 Cnv
JP Morgan Chase Bank Na 0% 18/02/24
Cnv
Meituan 0% 27/04/27 Cnv Stmicroelectronics 0.000001% 04/08/27 Cn
3.0

Translation (ENIT, 2022-08-31):
# PRINCIPALI 10 TITOLI (IN %)
Amer Movil 0% 02/03/24 Cnv Qiagen 0% 17/12/27 Cnv
Jpmorgan Chase Finan 0% 29/04/25 Cnv
Dte
Dexus Finance 2.3% 19/06/26 Cnv Prospect Cap Corp 6.375% 01/03/25 Cnv Akamai Technologies 0.375% 01/09/27 Cnv Sgx Treasury I Pte 0% 01/03/24 Cnv
JP Morgan Chase Bank Na 0% 18/02/24
Cnv
Meituan 0% 27/04/27 Cnv Stmicroelectronics 0.000001% 04/08/27 Cn
3.0
# CREDIT RATING (IN %)
AA A+ A A-
BBB+ BBB BBB- BB+ BB BB- B+ B
B-
Liquid assets
Others
21.39

Translation (ENIT, 2022-08-31):
# SCOMPOSIZIONE PER RATING (IN %)
AA A+ A A-
BBB+ BBB BBB- BB+ BB BB- B+ B
B-
Liquidità
Altri
21.39
# INCREASED (SECURITIES)
Nexi 0% 24/02/28 Cnv Lenovo Grp 2.5% 26/08/29 Cnv Halozyme Therapeutic 1% 15/08/28 Cnv
Nextera Energy Partners 0% 15/06/24 Cnv Hellofresh Se 0.75% 13/05/25 Cnv
1.5

Translation (ENIT, 2022-08-31):
# INCREASED (SECURITIES)
Nexi 0% 24/02/28 Cnv Lenovo Grp 2.5% 26/08/29 Cnv Halozyme Therapeutic 1% 15/08/28 Cnv
Nextera Energy Partners 0% 15/06/24 Cnv Hellofresh Se 0.75% 13/05/25 Cnv
1.5
# TOP 10 (IN %)
Fidelity National Information Services
Fiserv Global Payments Network International
Worldline Finecobank
Cielo Flow Traders
Nexi
2.8
2.7
2.6
2.5
2.3
3.1
4.1
4.0
4.0

Translation (ENIT, 2022-10-31):
# PRINCIPALI 10 TITOLI (IN %)
Fidelity National Information Services
Fiserv Global Payments Network International
Worldline Finecobank
Cielo Flow Traders
Nexi
2.8
2.7
2.6
2.5
2.3
3.1
4.1
4.0
4.0
## FUND FACTS
Domicile/Legal structure	Luxembourg/SICAV Legal Status		UCITS
Fund inception date	1 March 2017
SFDR Classification	Article 9
Currency of Fund	USD
Currency of share class	EUR Hedged
Fund manager	Affirmative Investment Management Net assets (all classes)		EUR 562.73 million
Liquidity (sub./red.)	daily, 15:00
Min. investment	EUR 3'000
Entry/Exit fees	0.00% / 0.00%
Management fee	0.44%
Distribution fee	0.00%
FROC	0.25%
Ongoing charge (30 September 2022)	0.70%
TER max (31 March 2022)	0.69%

Translation (ENIT, 2022-10-31):
## FUND FACTS
Domicilio/Forma giuridica	Lussemburgo / SICAV Legal Status		UCITS
Data di lancio del fondo	1 marzo 2017
Classificazione SFDR	Articolo 9 Valuta del Fondo		USD
Valuta della classe	EUR Hedged
Gestore	Affirmative Investment Management Patrimonio (tutte le classi)	EUR 562.73 milioni
Liquidità (sub./red.)	Quotidiana, 15:00
Investimento minimo		EUR 3'000 Spesa di sottoscrizione/rimborso	0.00% / 0.00% Commissione di gestione			0.44%
Commissione di distribuzione	0.00%
FROC	0.25%
Ongoing charge (30 settembre 2022)	0.70%
TER max (31 marzo 2022)	0.69%
# SECTORS (IN %)
Health care Financials
Consumer discretionary Consumer staples Information technology
Industrials Real estate
Others (liquid assets Incl.)
43.6
Pfizer
2.4

Translation (ENIT, 2022-10-31):
# SCOMPOSIZIONE SETTORIALE (IN %)
Sanità Finanza
Beni voluttuari Beni di prima necessità Tecnologia dell'informazione
Prodotti industriali
Immobiliare Others (incl. Liquid Assets)
43.6
Pfizer
2.4
# TOP 10 (IN %)
Neurocrine Biosciences
Incyte Biomarin
Halozyme Therapeutics
Dexcom Inc United Therapeutics Horizon Therapeutics Signify Health Inc A
R1 Rcm Allscripts Healthcare Solutions
7.7

Translation (ENIT, 2022-10-31):
# PRINCIPALI 10 TITOLI (IN %)
Neurocrine Biosciences
Incyte Biomarin
Halozyme Therapeutics
Dexcom Inc United Therapeutics Horizon Therapeutics Signify Health Inc A
R1 Rcm Allscripts Healthcare Solutions
7.7