LO Funds - Ultra Low Duration (USD) NA/  LU1081198530  /

The Sub-Fund is actively managed. The FTSE 6-Month U.S. Dollar Eurodeposit is used for performance comparison, without implying any particular constraints to the Sub-Fund's investments. The Sub-Fund aims to generate regular income by investing mainly in bank deposits, money market instruments, bonds, other fixed or floating rate debt securities and short-term debt securities of governmental and/or corporate issuers rated BBB or better. The Sub-Fund may invest up to 1/3 of assets in securities graded below investment grade and/or in convertible bonds. The Sub-Fund may invest in any currencies, including Emerging Market currencies. The maximum weighted average duration of the portfolio is no more than 180 days. Instruments may have a maximum residual maturity of two years, except for structured finance instruments (ABS/MBS) which must have an average life of 1 year or less. This Sub-Fund may not be appropriate for investors who plan to withdraw their money within 1 year.

The Sub-Fund is actively managed. The FTSE 6-Month U.S. Dollar Eurodeposit is used for performance comparison, without implying any particular constraints to the Sub-Fund's investments. The Sub-Fund aims to generate regular income by investing mainly in bank deposits, money market instruments, bonds, other fixed or floating rate debt securities and short-term debt securities of governmental and/or corporate issuers rated BBB or better.