[1] Past performance is not a guarantee of future results. Based on the analysis period of 2021-2026.
[2] The tracking error target is an internal target and is not part of the investment objective of the fund disclosed in the Prospectus/PPM. It is not guaranteed and may not be achieved. Tracking error ex-ante is based on internal and/or external risk models. Actual returns will vary depending on market performance and investment duration. The fund is not a guaranteed product, and capital may be at risk. Tax treatment depends on the individual circumstances of each investor and may change over time. Performance may also be affected by currency fluctuations. Additional information on assumptions, data, and scenario analysis is available upon request.
[3] Source: LOIM, Bloomberg. As at June 2026. Past performance is not a guarantee of future results. Strategy performance is based on a composite, starting from 01 May 2021 to 30 April 2026. Composite performance serves as indicative performance of the strategy.
TargetNetZero Global IG Corporate
Past performance is no guarantee for future results.
Risk statistics are calculated with monthly composite and benchmark returns. Risk-free rate: compounded return of the FTSE 3-month Eurodeposit Index from inception to 31/08/23, then JPM 3-Month Cash Index from 01/09/23 in the relevant reporting currency. Composite and Benchmark 3 year volatility is, at each end-of-period, the Composite/Benchmark annualised volatility calculated on the prior 36 month data series. 3-year volatility is presented only if there are 36 or more monthly returns available. Internal Dispersion of individual portfolio returns are only present for calendar years when there are 5 or more portfolios in the composite for the full year. Sharpe Ratio: ratio of the composite returns in excess of the risk-free rate of relative returns Tracking Error: annualized standard deviation of monthly difference between composite and benchmark returns Information Ratio: ratio of the composites excess returns over the Tracking Error Gross returns were used to calculate all risk measures presented in the GIPS Composite Report.
Composite and Benchmark Definition
The strategy is a long-only global corporate strategy launched in April 2021. It mainly invests in securities within the Bloomberg Barclays Global Aggregate Corporates index based on proprietary sustainability processes, aiming to reduce the risk of climate transition. Moreover, the strategy seeks to select and allocate to issuers with the objective to form a universe compatible with the fight against global warming. It integrates a wide range of climate objectives covering the risk of transition, the opportunities and the physical risk linked to climate change. It aims to invest in issuers which can contribute to a reduction in global CO2 emissions and the eventual achievement of net zero CO2 emissions by 2050. This will include issuers already targeting such net zero CO2 emissions by 2050, as well as issuers that may not yet have set such targets but that progressively may be brought into alignment, including through regulatory action, investor engagement and market changes. The Investment Manager will aim to ensure a faster rate of reductions in CO2 emissions in the portfolio when compared to the Bloomberg Barclays Global Aggregate Corporates index. The achievement of these aims are dependent on regulatory, technological and commercial developments external to the Investment Manager and there can be no guarantee that they will be achieved in respect of the above referenced aims. Risk management is performed by fund managers at a portfolio level, alongside independent teams who oversee investment, counterparty and operational risks. The composite benchmark is Bloomberg Global Aggregate Corp USD. The composite leverage at year end was: 2021- 150.20%, 2022- 45.21%, 2023- 65.29% and 2024- 45.75% for the LOF - TargetNetZero Global IG Corporate IA. The composite currency is USD.
Management Fees and Other Information
All returns are presented gross of fund total expense ratio. The maximum TER for LOF - TargetNetZero Global IG Corporate is 0.70% based on the NA share class (investment above CHF 1 million), with a management fee of 0.45%. Withholding tax on income is treated on a cash basis, whereby recoverable withholding tax, dependant on where a client is domiciled, is added back performance when occurring. Further information on calculation methodologies and composite management procedures is available upon request.
GIPS Firm definition
Lombard Odier Investment Managers (LOIM), the institutional asset management unit of Lombard Odier worldwide comprising all discretionary institutional mandates and all Lombard Odier public investment funds managed at the LOIM unit, but excluding Private Equity mandates and funds and the 1798 Hedge Fund family (as of 01.01.2013) as subject to a different management process. LOIM Exchange Traded Funds (ETF's) have been included since launch in April 2015.
Firm Definition
The firm defintion was recently changed by mentioning the non-inclusion of the LOIM Private Equity portfolios and the exclusion of the 1798 Hedge Fund family as of January 1, 2013. This change was done for accuracy purposes and involves no change in the composite list or no material change in the assets under management figures.
Claim of GIPS compliance
Lombard Odier Investment Manager claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Lombard Odier Investment Manager has been independently verified for the periods 31.12.1996 until 31.12.2023. The verification report(s) are available upon request. A complete list and descriptions of composite is available on request. A firm that claims compliance with the GIPS standards must establish policies and procedures for complying with all the applicable requirements of the GIPS standards. Verification provides assurance on whether the firm’s policies and procedures related to composite and pooled fund maintenance, as well as the calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm wide basis. Verification does not provide assurance on the accuracy of any specific performance report. A complete list and descriptions of composites is available on request.
Significant Cash Flow Policy
The firm applied a Significant Cash Flow Policy for this composite until December 31, 2010 whereby portfolios were temporarily excluded from the composite on any significant cash flow occurrence.
Benchmark Information
The annual benchmark returns are calculated by multiplicative linking of the single-period benchmark returns. Any historic benchmark changes have been made to more closely reflect the composite.
CFA Disclosure
GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organisation, nor does it warrant the accuracy or quality of the content contained herein.
[4] Source: LOIM, Bloomberg. As of end-August 2026. Past performance is not a guarantee of future results. Strategy performance is based on a composite, starting from 1 September 2021 to 31 August 2026. Composite performance serves as indicative performance of the strategy.
Fixed Income - TargetNetZero (EUR) Credit Bond
Risk statistics are calculated with monthly composite and benchmark returns. Risk-free rate: compounded return of the FTSE 3-month Eurodeposit Index from inception to 31/08/23, then JPM 3-Month Cash Index from 01/09/23 in the relevant reporting currency. Composite and Benchmark 3 year volatility is, at each end-of-period, the Composite/Benchmark annualised volatility calculated on the prior 36 month data series. 3-year volatility is presented only if there are 36 or more monthly returns available. Internal Dispersion of individual portfolio returns are only present for calendar years when there are 5 or more portfolios in the composite for the full year. Sharpe Ratio: ratio of the composite returns in excess of the risk-free rate of relative returns Tracking Error: annualized standard deviation of monthly difference between composite and benchmark returns Information Ratio: ratio of the composites excess returns over the Tracking Error Gross returns were used to calculate all risk measures presented in the GIPS Composite Report.
Composite and Benchmark Definition
The TNZ (EUR) Credit Bond composite follows an active long-only corporate bond strategy. Since 31st August 2021, the strategy has adopted a TargetNetZero approach while maintaining the same financial approach. The Euro Core TargetNetZero strategy aim to invest in securities weighted according to the market capitalization of their issue, their LOPTA (Lombard Odier Portfolio Temperature Alignment) and their carbon footprint, in order to significantly increase the portfolios exposure to issuers that can contribute to the reduction in global CO2 emissions and the eventual achievement of net zero Co2 emissions by 2050. The ICE BofA 1-10yr Euro Corporate Index (the "Benchmark") is used for performance comparison and internal risk monitoring purposes only. Bond issuers represented in the strategy will generally be similar to those of the Benchmark, however the Investment Manager (IM) has discretion to select issuers that are not part of the Benchmark universe. The holdings are therefore expected to deviate to a limited extent from the Benchmark. Securities in the Benchmark might be excluded from the strategy depending on their involvement in specific activities listed in the SFDR Annex. The strategy will aim for a faster rate of reduction in CO2 emissions when compared to the Benchmark. The portfolio aims for a significantly reduced carbon footprint when compared to the Benchmark. While the IM intends to maintain a low tracking error through controlled style, sector and country biases, the level of active risk associated with the realization of the investment objectives is likely to vary over time and is dependent on regulatory, technological, and commercial developments external to the IM, that could significantly impact the temperature alignment or carbon footprint of securities. (Until 1st January 2022, the strategy name was LO Selection - The Credit Bond Fund (EUR)). The composites benchmark is the ICE BofA 1-10yr Euro Corporate Index. The composite currency is EUR.
Management Fees and Other Information
All returns are presented gross of fund total expense ratio. The maximum TER for this strategy is 1.43% based on the LOS TNZ (EUR) Credit Bond (EUR) PA share class (investment above EUR 50 million), with a management fee of 0.60%. Withholding tax on income is treated on a cash basis, whereby recoverable withholding tax, dependant on where a client is domiciled, is added back performance when occurring. Further information on calculation methodologies and composite management procedures is available upon request.
GIPS Firm definition
Lombard Odier Investment Managers (LOIM), the institutional asset management unit of Lombard Odier worldwide comprising all discretionary institutional mandates and all Lombard Odier public investment funds managed at the LOIM unit, but excluding Private Equity mandates and funds and the 1798 Hedge Fund family (as of 01.01.2013) as subject to a different management process. LOIM Exchange Traded Funds (ETF's) have been included since launch in April 2015.
Firm Definition
The firm definition was recently changed by mentioning the non-inclusion of the LOIM Private Equity portfolios and the exclusion of the 1798 Hedge Fund family as of January 1, 2013. This change was done for accuracy purposes and involves no change in the composite list or no material change in the assets under management figures.
Claim of GIPS compliance
Lombard Odier Investment Manager claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Lombard Odier Investment Manager has been independently verified for the periods 31.12.1996 until 31.12.2023. The verification report(s) are available upon request. A complete list and descriptions of composite is available on request. A firm that claims compliance with the GIPS standards must establish policies and procedures for complying with all the applicable requirements of the GIPS standards. Verification provides assurance on whether the firm’s policies and procedures related to composite and pooled fund maintenance, as well as the calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm wide basis. Verification does not provide assurance on the accuracy of any specific performance report. A complete list and descriptions of composites is available on request.
Significant Cash Flow Policy
The firm applied a Significant Cash Flow Policy for this composite until December 31, 2010 whereby portfolios were temporarily excluded from the composite on any significant cash flow occurrence. This practice was abandoned on January 1, 2011 and no portfolios were excluded for significant cash flow reasons as of that date.
Benchmark Information
The annual benchmark returns are calculated by multiplicative linking of the single-period benchmark returns. Any historic benchmark changes have been made to more closely reflect the composite strategy at a point in time.
CFA Disclosure
GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
[5] LO Funds – TargetNetZero Global IG Corporate is a long-only strategy investing in global investment grade corporate bonds. The fund is actively managed in reference to the Bloomberg Global Aggregate Corporates Index, which is used for performance comparison and internal risk monitoring purposes only. The fund uses a proprietary sustainability process seeking to contribute to a reduction in global GHG emissions and focused on reducing climate transition risk. The strategy targets issuers with credible pathways to decarbonisation, as well as issuers that may not yet have set such targets but that progressively may be brought into alignment. The fund aims for a faster reduction in GHG emissions than the Bloomberg Global Aggregate Corporates Index. Risk controls are applied by portfolio managers and reinforced by independent risk teams.
The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. This product does not include any protection from future market performance, so you could lose some or all of your investment. If we are not able to pay you what is owed, you could lose your entire investment.
The following risks may be materially relevant but may not always be adequately captured by the synthetic risk indicator and may cause additional loss: credit risk – a significant level of investment in debt securities or risky securities implies that the risk of, or actual, default may have a material impact on performance. The likelihood of this depends on the creditworthiness of the issuers. Operational risk and risks related to asset safekeeping – in specific circumstances, there may be a material risk of loss resulting from human error, inadequate or failed internal systems, processes or controls, or from external events. Model risk – models may be misspecified, badly implemented or may become inoperative when significant changes take place in the financial markets or in the organisation. Such a model could unduly influence portfolio management and expose to losses.
There can be no assurance that a return will be achieved or that a substantial loss of capital will not be incurred. Before taking any investment decision, please read the latest version of the prospectus, the articles of incorporation, the Key Information Documents (KIDs) and the latest annual and semi-annual reports. Please pay attention to Appendix B “Risk Factors Annex” of the prospectus.
https://am.lombardodier.com/funds?q=LO%20Funds%20-%20TargetNetZero%20Global%20IG%20Corporate
LO Selection TargetNetZero (EUR) Credit Bond is a long-only strategy investing in Euro-denominated corporate bonds. The fund is actively managed in reference to the ICE BofA 1-10 Year Euro Corporate Index (EUR), with the objective of maintaining a comparable risk profile and low tracking error. The funds uses a proprietary sustainability process seeking to contribute to a reduction in global GHG emissions and focused on reducing climate transition risk. The strategy targets issuers with credible pathways to decarbonisation, as well as issuers that may not yet have set such targets but that progressively may be brought into alignment. The fund aims for a faster reduction in GHG emissions than the ICE BofA 110 Year Euro Corporate Index. Risk controls are applied by portfolio managers and reinforced by independent risk teams.
The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. This product does not include any protection from future market performance so you could lose some or all of your investment. If we are not able to pay you what is owed, you could lose your entire investment.
The following risks may be materially relevant but may not always be adequately captured by the synthetic risk indicator and may cause additional loss: Credit risk: A significant level of investment in debt securities or risky securities implies that the risk of, or actual, default may have a material impact on performance. The likelihood of this depends on the credit-worthiness of the issuers. Liquidity risk: Where a significant level of investment is made in financial instruments that may under certain circumstances have a relatively low level of liquidity, there is a material risk that the fund will not be able to transact at advantageous times or prices. This could reduce the fund's returns. Operational risk and risks related to asset safekeeping: In specific circumstances, there may be a material risk of loss resulting from human error, inadequate or failed internal systems, processes or controls, or from external events.
Expected level of leverage: The Sub-Fund's leverage under the sum of notional of financial derivative instruments approach is expected to be around 150% of Net Asset Value.
Target performance / Tracking error: This target is an internal target which is not part of the investment objective of the fund disclosed in the Prospectus/PPM. It is not guaranteed and may not be achieved. The scenarios presented are estimates of future performance based on past data and/or current market conditions, and are not precise forecasts. Targets are derived based on Calmar ratio assumptions. Actual returns will vary depending on market performance and investment duration. The fund is not a guaranteed product, and capital may be at risk. Tax treatment depends on the individual circumstances of each investor and may change over time. Performance may also be affected by currency fluctuations. Additional information on assumptions, data, and scenario analysis is available upon request.
There can be no assurance that a return will be achieved or that a substantial loss of capital will not be incurred. Before taking any investment decision, please read the latest version of the prospectus, the articles of incorporation, the Key Information Documents (KIDs) and the latest annual report and semi-annual report. Please pay attention to the Appendix B “Risk Factors Annex” of the prospectus.
https://am.lombardodier.com/funds?q=LO Selection - TargetNetZero (EUR) Credit Bond
[6] Source: LOIM. Covers 30 April 2021 to 30 April 2026. For illustrative purposes only.
[7] Source: LOIM. Covers 30 April 2021 to 30 April 2026. For illustrative purposes only.
[8] Source: LOIM. As at 30 April 2026. For illustrative purposes only. The benchmark for the TargetNetZero Global IG strategy is the Bloomberg Global Aggregate Corporates Index. The benchmark for the TargetNetZero EUR Credit strategy is the ICE BofA 1-10 Year Euro Corporate Index (EUR).
[9] As of September 2026. AUM are subject to change.
