# HIGHLIGHTS
LO Funds - Global BBB-BB Fundamental is a long only corporate bond fund launched in July 2012. The Fund is actively managed. The Bloomberg Barclays Global Aggregate Corporates 500MM is used for performance and internal risk indicators comparison. The Fund invests mainly in EUR, GBP and USD denominated bonds applying a best-in-class approach to Sustainable investing and maintains an Investment Grade (IG) average portfolio rating. It seeks to achieve higher risk-adjusted returns than traditional investment grade indices. The investment approach is two-fold: a disciplined analysis which differs from a traditional market-cap approach by allocating to sectors and companies based on fundamental criteria including extra financial data (i.e. ESG, carbon intensity and controversies) ; and a forward-looking credit analysis aiming to further mitigate the credit default risk and identify bottom-up opportunities taking into account financial and extra-financial information. Risk management is performed by fund managers at a portfolio level, alongside independent teams who oversee investment risks and operational risks.
NET PERFORMANCE AND ANNUAL PERFORMANCE IN CHF 

### Dec 31, 2015 - Sep 30, 2021
130 

### Swinging Single Pricing	Yes

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

### Management fee	0.65%

### Distribution fee	0.65%

### FROC	0.25%

### TER max (31 March 2021)	1.55%
120
110
100
5.47%
3.90%
2.77%
3.12%
7.99%
8.86%
4.84%
6.34%
-1.10%
-1.74%
90 
-6.02%
-4.26%

## RISK AND REWARD PROFILE
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |

Low	High

## CODES	

### Class A

### ISIN	LU0798466867
2016	2017	2018	2019	2020	2021
LO Funds - Global BBB-BB Fundamental, Syst. Multi Ccy Hdg, (CHF) P A Annual or YTD performance (Fund) Barclays Global-Aggregate Corporates – 500MM CHF SH	Annual or YTD performance (Bench.)

### Benchmark: since 1.10.2016, Barclays Global-Aggregate: Corporates – 500MM. Previously, between 16.07.2012 and 30.09.2016, the benchmark was Barclays Global Corporate BBB/BB

### Bloomberg	LBSHCPA LX

### NAV	CHF 12.55

## RATINGS
Cumulative
NET PERFORMANCE IN CHF	
Fund	Bench.

### YTD	-1.10%	-1.74%

### 1 month	-1.10%	-1.02%

### 3 months	-0.12%	-0.24%

### 1 year	2.57%	0.66%

### 3 years	9.13%	12.67%

### 5 years	6.55%	9.20%

### Total return (since 27.06.2013)	23.26%	25.48%
Annualized
Fund	Bench.

### -	-

### -	-

### -	-

### -	-

### 2.94%	4.03%

### 1.27%	1.77%

### 2.55%	2.77%
STATISTICS 
30.09.2016 - 30.09.2021	
Fund	Bench.

### Annualised volatility	6.76%	5.05%

### Sharpe ratio	0.310.52

### Max. drawdown	-11.74%	-6.91%

### Correlation0.936

### Tracking error	2.71%
Fund

### Average coupon	3.89%

### Average rating	BBB

### Modified duration7.24

### Yield to worst	2.72%

### Yield to maturity	2.89%

### Number of positions847

### Number of issuers493

### Option adjusted spread (OAS)174

Translation (ENFR, 2021-09-30):
# POINTS CLÉS
### LO Funds – Global BBB-BB Fundamental est un fonds d’obligations d’entreprise long-only lancé en juillet 2012.

### Le Fonds est géré activement. L’indice Bloomberg Barclays Global Aggregate Corporates 500MM est utilisé à des fins de comparaison de la performance et des indicateurs du risque internes.
Le Fonds investit principalement dans des obligations d’entreprise libellées en EUR, GBP et USD, selon une approche de l’investissement durable optimale et maintient une notation moyenne du portefeuille investment grade (IG). Il vise à réaliser un rendement corrigé du risque supérieur à celui des indices investment grade traditionnels. L’approche d’investissement comporte deux volets : une analyse rigoureuse, qui s’écarte de l’approche par capitalisation boursière traditionnelle en répartissant les secteurs et les entreprises selon des critères fondamentaux intégrant des données extra-financières (telles que les facteurs ESG, l’intensité carbone et les controverses) ; et une analyse de crédit prospective visant à atténuer encore le risque de défaillance et à déceler les opportunités ascendantes sur la base d’informations financières et extra-financières. La gestion des risques est assurée par des gérants de fonds au niveau du portefeuille, ainsi que par des équipes indépendantes qui surveillent les risques d’investissement et opérationnels.
PERFORMANCE NETTE ET PERFORMANCE ANNUELLE EN CHF 

### 31 déc. 2015 - 30 sept. 2021
130 

### Commission de gestion	0.65%

### Commission de distribution	0.65%

### FROC	0.25%

### TER max (31 mars 2021)	1.55%
120
110
100
5.47%
3.90%
2.77%
3.12%
7.99%
8.86%
4.84%
6.34%
-1.10%
-1.74%
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |


## PROFIL DE RISQUE
90 
-6.02%
-4.26%
Faible	Elevé

## CODES	

### Classe A

### ISIN	LU0798466867

### Bloomberg	LBSHCPA LX
2016	2017	2018	2019	2020	2021
LO Funds - Global BBB-BB Fundamental, Syst. Multi Ccy Hdg, (CHF) P A Performance annuelle ou Année en cours (Fonds) Barclays Global-Aggregate Corporates – 500MM CHF SH	Performance annuelle ou Année en cours (Indice)

### Indice de référemce: depuis 1.10.2016, Barclays Global-Aggregate: Corporates – 500MM. Entre le 16.07.2012 et le 30.09.2016, l'indice était Barclays Global Corporate BBB/BB

### Valeur Liquidative	CHF 12.55

## NOTATION
| PERFORMANCE NETTE EN CHF | Fonds | Indice |  |  | Fonds | Indice |
| --- | --- | --- | --- | --- | --- | --- |
| Année en cours | -1.10% | -1.74% |  |  | - | - |
| 1 mois | -1.10% | -1.02% |  |  | - | - |
| 3 mois | -0.12% | -0.24% |  |  | - | - |
| 1 an | 2.57% | 0.66% |  |  | - | - |
| 3 ans | 9.13% | 12.67% |  |  | 2.94% | 4.03% |
| 5 ans | 6.55% | 9.20% |  |  | 1.27% | 1.77% |
| Perf. totale (depuis 27.06.2013) | 23.26% | 25.48% |  |  | 2.55% | 2.77% |
| STATISTIQUES  30.09.2016 - 30.09.2021 | Fonds | Indice |  |  |  | Fonds |
| Volat. annualisée | 6.76% | 5.05% |  | Coupon moyen |  | 3.89% |
| Ratio de Sharpe | 0.31 | 0.52 |  | Note de crédit moyenne |  | BBB |
| Baisse maximum | -11.74% | -6.91% |  | Duration modifiée |  | 7.24 |
| Corrélation |  | 0.936 |  | Yield to worst |  | 2.72% |
| Tracking Error |  | 2.71% |  | Rendement à l'échéance |  | 2.89% |
|  |  |  |  | Nombre de positions |  | 847 |
|  |  |  |  | Nombre d'émetteurs |  | 493 |
|  |  |  |  | Option adjusted spread (OAS) |  | 174 |

Cumulée
Annualisée