LO Funds - Europe High Conviction (EUR) PA/  LU0049412769  /

The Sub-Fund is actively managed. The MSCI Europe TR ND index is used for performance comparison, for internal risk monitoring purposes as well as for performance fee calculation, 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 invests mainly in stocks issued by companies that have their head office in the European Economic Area or Switzerland or that conduct a large part of their business in these countries. In selecting the individual stocks, the Investment Manager is guided by its own financial analysis of companies. At times, it will exclude sectors considered unattractive or difficult to analyse thoroughly. The Investment Manager is authorized to use financial derivative instruments for hedging purposes or for EPM but not as part of the investment strategy.

The Sub-Fund is actively managed. The MSCI Europe TR ND index is used for performance comparison, for internal risk monitoring purposes as well as for performance fee calculation, without implying any particular constraints to the Sub-Fund"s investments.