# HIGHLIGHTS
LO Funds – Global Government Fundamental is a long only global sovereign bond fund launched in December 2010. The Fund is actively managed. The Bloomberg Barclays Global Treasury is used for performance and internal risk indicators comparison.
The Fund invests mainly in OECD sovereign bonds applying a best-in-class approach to Sustainable investing. It seeks to achieve higher risk-adjusted returns to widely used market-cap indices over the long term. The investment approach is two-fold: a disciplined analysis which differs from a traditional market-cap approach by allocating to countries based on macroeconomic indicators including extra financial data (i.e. ESG and carbon intensity) ; and a fundamental sovereign analysis aiming to further mitigate countries’ default and investability risks as well as identify potential 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 - Jul 31, 2021
| Fund manager | Y. Zufferey, N. Hoogewijs, V. Megard, A. Kayisire, L. Leigh |
| --- | --- |
| Net assets (all classes) | CHF 109.76 million |
| Liquidity (sub./red.) | Daily, 15:00 |
| Min. investment | EUR 3'000 or equivalent |
| Management fee | 0.375% |
| Distribution fee | 0.375% |
| FROC | 0.25% |
| TER max (31 March 2021) | 1.00% |

110
105
1.70%	1.65% 
3.66%	3.46%
2.32%

## RISK AND REWARD PROFILE
100	
-0.18%
95
-1.60%
-0.31%	-0.42%
-1.91%
-2.39%
-1.29%
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |

2016	2017	2018	2019	2020	2021
Low	High
LO Funds - Global Government Fundamental, Syst. Multi Ccy Hdg, (CHF) P A / D
Annual or YTD performance (Fund)
Barclays Global Treasury Hedged (CHF)	Annual or YTD performance (Bench.)

## CODES		

### Class A		Class D ISIN	LU0765757629	LU0765757892

### Bloomberg	LGSHCPA LX	LGSHCPD LX

### NAV	CHF 25.84	CHF 16.62

## FISCAL INFORMATION

### Last dividend paid (30.11.2020)	CHF 0.21

## RATINGS

### Value of investments is variable and can go down as well as up.
Cumulative
NET PERFORMANCE IN CHF	
Fund	Bench.

### YTD	-2.39%	-1.29%

### 1 month	1.20%	1.32%

### 3 months	1.46%	1.76%

### 1 year	-2.94%	-1.78%

### 3 years	1.51%	6.53%

### 5 years	-6.17%	0.98%

### Total return (since 18.05.2001)	26.60%	70.20%
Annualized Fund	Bench.

### -	-

### -	-

### -	-

### -	-

### 0.50%	2.12%

### -1.26%	0.19%

### 1.17%	2.66%
STATISTICS 
31.07.2016 - 31.07.2021	
Fund	Bench.

### Annualised volatility	2.86%	2.83%

### Sharpe ratio	-0.150.37

### Max. drawdown	-8.59%	-6.12%

### Correlation0.976

### Tracking error	0.63%
Fund

### Average coupon	2.59%

### Average maturity10.11

### Average rating	AA

### Modified duration8.37

### Yield to maturity (hedged)	-0.27%

### Non Government Bonds	0.00%

### Risk	1.28%

Translation (ENFR, 2021-07-31):
# POINTS CLÉS
### LO Funds – Global Government Fundamental est un fonds d’obligations souveraines mondiales long-only lancé en décembre 2010.

### Le Fonds est géré activement. L’indice Bloomberg Barclays Global Treasury est utilisé à des fins de comparaison de la performance et des indicateurs du risque internes.
Le Fonds investit principalement dans des obligations souveraines des pays de l’OCDE, selon une approche de l’investissement durable optimale. Il vise à réaliser un rendement corrigé du risque supérieur, sur le long terme, à celui d’indices basés sur la capitalisation boursière largement utilisés. L’approche d’investissement comporte deux volets : une analyse rigoureuse, qui s’écarte de l’approche par capitalisation boursière traditionnelle en répartissant les pays selon des indicateurs macroéconomiques intégrant des données extra-financières (telles que les facteurs ESG et l’intensité carbone) ; et une analyse souveraine fondamentale visant à atténuer encore les risques de défaillance et d’investibilité des pays, mais aussi à déceler les opportunités possibles 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 - 31 juil. 2021

### Commission de gestion	0.375%

### Commission de distribution	0.375%

### FROC	0.25%

### TER max (31 mars 2021)	1.00%
110
105
1.70%	1.65% 
3.66%	3.46%
2.32%

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

Faible	Elevé
100	
-0.18%
95
-0.31%	-0.42%
-1.60%
-1.91%
-2.39%
-1.29%
2016	2017	2018	2019	2020	2021

## CODES	

### Classe A	Classe D
LO Funds - Global Government Fundamental, Syst. Multi Ccy Hdg, (CHF) P A / D
Performance annuelle ou Année en cours (Fonds)

### ISIN	LU0765757629	LU0765757892

### Bloomberg	LGSHCPA LX	LGSHCPD LX

### Valeur Liquidative	CHF 25.84	CHF 16.62
Barclays Global Treasury Hedged (CHF)	Performance annuelle ou Année en cours (Indice)

### La valeur des investissements est variable et peut diminuer aussi bien qu’augmenter.

## INFORMATION FISCALE

### Dernier dividende (30.11.2020)	CHF 0.21

## NOTATION
Cumulée
PERFORMANCE NETTE EN CHF	
Fonds	Indice

### Année en cours	-2.39%	-1.29%

### 1 mois	1.20%	1.32%

### 3 mois	1.46%	1.76%

### 1 an	-2.94%	-1.78%
Annualisée
Fonds	Indice

### -	-

### -	-

### -	-

### -	-
|  | 3 ans | 1.51% | 6.53% |  |  | 0.50% | 2.12% |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Morningstar Rating |  | 5 ans | -6.17% | 0.98% |  |  | -1.26% | 0.19% |
|  |  | Perf. totale (depuis 18.05.2001) | 26.60% | 70.20% |  |  | 1.17% | 2.66% |
|  |  | STATISTIQUES  31.07.2016 - 31.07.2021 | Fonds | Indice |  |  |  | Fonds |
|  |  | Volat. annualisée | 2.86% | 2.83% |  | Coupon moyen |  | 2.59% |
|  |  | Ratio de Sharpe | -0.15 | 0.37 |  | Echéance moyenne |  | 10.11 |
|  |  | Baisse maximum | -8.59% | -6.12% |  | Note de crédit moyenne |  | AA |
|  |  | Corrélation |  | 0.976 |  | Duration modifiée |  | 8.37 |
|  |  | Tracking Error |  | 0.63% |  | Yield to maturity (hedged) |  | -0.27% |
|  |  |  |  |  |  | Oblig. non gouvern. |  | 0.00% |
|  |  |  |  |  |  | Risque |  | 1.28% |