LO Funds - Convertible Bond, Syst. NAV Hdg, (GBP) NA/  LU0757726533  /

The Sub-Fund is actively managed. The FTSE Russell Global Convertible Composite Hedged TR index is used for performance comparison as well as internal risk monitoring purposes, without implying any particular constraints to the Sub-Fund"s investments. Securities targeted by the Sub-Fund can be similar to those of the index to an extent that varies overtime but their weighting is expected to materially differ. The performance of the Sub-Fund may deviate materially from that of the index. The Sub-Fund aims to generate capital growth over the long term. It mainly invests in bonds that may be converted into equities and in associated instruments such as warrants and convertible preference shares, denominated in various currencies, as well as synthetic convertible bonds (segregated purchase of bonds and options) and financial derivative instruments on convertible bonds. The Sub-Fund focuses on the asymmetrical profile of the asset class, i.e. profiting from equity market upturns while benefiting from the downside protection of a fixed-income structure. The core investments consist mainly of balanced convertible bonds from global issuers, which offer an attractive combination of equity sensitivity and consistent protection in case of a downturn. In making its selection, the Investment Manager attaches as much importance to technical criteria, as to the choice of the underlying equity.

The Sub-Fund is actively managed. The FTSE Russell Global Convertible Composite Hedged TR index is used for performance comparison as well as internal risk monitoring purposes, without implying any particular constraints to the Sub-Fund"s investments.