navigating emerging markets with high conviction.

sources.

¹ There can be no assurance that the Sub-Fund’s investment objective will be achieved or that there will be a return on capital or that a substantial loss will not be incurred.

² Source: OECD based on MSCI Emerging market index countries, i.e.: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Russia, Qatar, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.

³ Source: OECD.

⁴ Source: LOIM.

⁵ PPP-based measure. 

⁶ Source: McKinsey & Company 2015 “The new global competition for corporate profits.” 

⁷ Source: LOIM.

⁸ There can be no assurance that the Sub-Fund’s investment objective will be achieved or that there will be a return on capital or that a substantial loss will not be incurred. For illustrative purposes only. Holdings/allocations are subject to change. Past performance and forecasts are not a reliable indicator of future returns of the Sub-Fund.

IMPORTANT INFORMATION

Lombard  Odier  Funds  (hereinafter  the  “Fund”)  is  a  Luxembourg  investment  company with variable capital (SICAV). The Fund is authorised and regulated by the  Luxembourg  Supervisory  Authority  of  the  Financial  Sector  (CSSF)  as  an  Undertaking  for  Collective  Investments  in  Transferable  Securities  UCITS  under  Part I of the Luxembourg law of the 17 December 2010 implementing the European directive   2009/65/EC,   as   amended   (“UCITS   Directive”).   The   Management   Company  of  the  Fund  is  Lombard  Odier  Funds  (Europe)  S.A.  (hereinafter  the  “Management  Company”),  a  Luxembourg  based  public  limited  company  (SA),  having its registered office at 291, route d’Arlon, 1150 Luxembourg, Grand Duchy of Luxembourg,  authorised  and  regulated  by  the  CSSF  as  a  Management  Company  within  the  meaning  of  EU  Directive  2009/65/EC,  as  amended.  This  marketing  document relates to “Emerging High Conviction,” a Sub-Fund of Lombard Odier Funds (hereinafter the “Sub-Fund”).This    marketing    communication    was    prepared    by    Lombard    Odier    Asset    Management (Europe) Limited.The   prospectus,   the   articles   of   incorporation,   the   Key   Investor   Information   Documents,  the  subscription  form  and  the  most  recent  annual  and  semi-annual  reports  are  the  only  official  offering  documents  of  the  Sub-Fund’s  shares  (the  “Offering Documents”). The Offering Documents are available in English, French, German and Italian at www.loim.com and can be requested free of charge at the registered   office   of   the   Sub-Fund   in   Luxembourg:   291   route   d’Arlon,   1150   Luxembourg, Grand Duchy of Luxembourg.The  information  contained  in  this  marketing  communication  does  not  take  into  account any individual’s specific circumstances, objectives or needs and does not constitute  research  or  that  any  investment  strategy  is  suitable  or  appropriate  to  individual circumstances or that any investment or strategy constitutes a personal investment advice to any investor. This marketing communication is not intended to substitute any professional advice on investment in financial products. Before making an investment in the Sub-Fund, an investor should read the entire Offering Documents, and in particular the risk factors pertaining to an investment in the Sub-  Fund.  We  would  like  to  draw  the  investor’s  attention  toward  the  long-term  nature  of  delivering  returns  across  the  economic  cycle  and  the  use  of  financial  derivative  instruments  as  part  of  the  investment  strategy  may  result  in  a  higher  level  of  leverage  and  increase  the  overall  risk  exposure  of  the  Sub-Fund  and  the  volatility of its Net Asset Value. Investors should take care to assess the suitability of such investment to his/her particular risk profile and circumstances and, where necessary, obtain independent professional advice in respect of risks, as well as any legal,  regulatory,  credit,  tax,  and  accounting  consequences.  There  can  be  no  assurance that the Sub-Fund’s investment objective will be achieved or that there will  be  a  return  on  capital.  Past  performance  is  not  a  reliable  indicator  of  future  results. Where the Sub-Fund is denominated in a currency other than an investor’s base currency, changes in the rate of exchange may have an adverse effect on price and income. Please take note of the risk factors.Any benchmarks/indices cited herein are provided for information purposes only. No benchmark/ index is directly comparable to the investment objectives, strategy or universe of a Sub-Fund. The performance of a benchmark shall not be indicative of past or future performance of any Sub-Fund. It should not be assumed that the relevant Sub-Fund will invest in any specific securities that comprise any index, nor should it be understood to mean that there is a correlation between such Sub-Fund’s returns  and  any  index  returns.  Target  performance/risk  represents  a  portfolio  construction  goal.  It  does  not  represent  past  performance/risk  and  may  not  be  representative of actual future performance/ risk.The  information  obtained  from  MSCI  included  in  this  marketing  document  may  only be used for your internal use, may not be reproduced or re-disseminated in any form  and  may  not  be  used  to  create  any  financial  instruments  or  products  or  any  indices. The MSCI information and that of other data providers is provided on an ‘as is’ basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related  to  compiling  or  creating  any  MSCI  information  (collectively,  the  “MSCI  Parties”)  and  other  data  providers,  expressly  disclaim  all  warranties  (including,  without    limitation    any    warranties    of    originality,    accuracy,    completeness,    timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall  any  MSCI  Party  or  other  data  provider  have  any  liability  for  any  direct,  indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages.The information and analysis contained herein are based on sources considered to be reliable. Lombard Odier makes its best efforts to ensure the timeliness, accuracy, and completeness of the information contained in this marketing communication.Nevertheless, all information and opinions as well as the prices, market valuations and calculations indicated herein may change without notice. Source of the figures: Unless otherwise stated, figures are prepared by Lombard Odier Asset Management (Europe) Limited. The tax treatment depends on the individual circumstances of each  client  and  may  be  subject  to  change  in  the  future.  Lombard  Odier  does  not  provide tax advice and it is up to each investor to consult with its own tax advisors.NOTICE TO R ESIDENTS IN THE FOLLOWING COUNTR IES:Austria – Paying agent: Erste Bank der österreichischen Sparkassen AG.Belgium – Financial services provider: CACEIS Belgium S.A. The Sub-Fund is not appropriate for Belgian retail investors unless the investment subscription is more than EUR 250,000. Please contact your tax advisor to identify the impacts of the Belgian tax “TOB” (“Taxe sur les Operations Boursières”) on your transactions, as well  as  the  impacts  of  the  withholding  tax  (“Précomptes  mobiliers”).  Lombard  Odier has an internal Complaints Management Service. You can lodge a claim via your Relationship Manager or directly to Lombard Odier (Europe) S.A. Luxembourg, Belgium  Branch,  Claim  Management  Service,  Avenue  Louise  81,  Box  12,  1050  Brussels, Fax: (+32) 2 543 08. Alternatively you can address your complaint free of charge to the national complaint service in Belgium, OMBUDSMAN: North Gate II, Boulevard du Roi Albert II, n°8 Boîte 2 2, 1000 Brussels, Tel : (+32) 2 545 77 70, Fax : (+32) 2 545 77 79, Email: Ombudsman@Ombusfin.be.France – Centralising agent: CACEIS Bank.Germany    –    German    Information    and    Paying    agent:    DekaBank    Deutsche    Girozentrale.Italy – Paying agents: Société Générale Securities Services S.p.A., State Street Bank International GmbH – Succursale Italia, Banca Sella Holding S.p.A., Allfunds Bank S.A.U.,    Milan  Branch,  BNP  Paribas  Securities  Services,  CACEIS  Bank,  Italy  Branch.Liechtenstein – Paying agent: LGT Bank AG.Luxembourg – Depositary, central administration agent, registrar, transfer Agent, paying agent and listing agent: CACEIS Bank,  Luxembourg Branch.Netherlands  –  Paying  agent:  Lombard  Odier  Asset  Management  (Europe)  Ltd,  Netherlands Branch.Spain – Paying agent: Allfunds Bank S.A.U. – CNMV Number: 498.Sweden – Paying agent: Skandinaviska Enskilda Banken AB (publ).Switzerland – The Sub-Fund is registered with the Swiss Federal Financial Market Supervisory Authority (FINMA). The Offering Documents together with the other Shareholders’ information are available free of charge at the Swiss Representative: Lombard  Odier  Asset  Management  (Switzerland)  S.A.,  6,  avenue  des  Morgines,  1213  Petit-Lancy,  Switzerland.  Swiss  Paying  Agent:  Banque  Lombard  Odier  &  Co  Ltd. 11, rue de la Corraterie 1204 Genève, Switzerland. Publications about the Sub-Fund: www.fundinfo.com. The issue and redemption prices and / or the net asset value (with the mention “excluding commissions”) of the Share classes distributed in  Switzerland:  www.swissfunddata.ch  and  www.fundinfo.com.  Bank  Lombard  Odier & Co Ltd is a bank and securities dealer authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA).United Kingdom – This document is a financial promotion and has been approved for the purposes of Section 21 of the Financial Services and Markets Act 2000, by Lombard Odier Asset Management (Europe) Limited. It is approved for distribution by Lombard Odier (Europe) S.A., London Branch for Retail Clients in the United Kingdom. The Sub-Fund is a Recognised scheme in the United Kingdom under the Financial Services and Markets Act 2000. UK regulation for the protection of retail clients in the UK and the compensation available under the UK Financial Services Compensation  scheme  does  not  apply  in  respect  of  any  investment  or  services  provided   by   an   overseas   person.   UK   facilities   agent:   Lombard   Odier   Asset   Management (Europe) Limited. Lombard Odier (Europe) S.A. UK Branch is a credit institution regulated in the UK by the Prudential Regulation Authority (PR A) and subject  to  limited  regulation  by  the  Financial  Conduct  Authority  (FCA)  and  the  Prudential Regulation Authority (PR A). Details of the extent of our authorisation and  regulation  by  the  PR A  and  regulation  by  the  FCA  are  available  from  us  on request.Chile: The Sub-Fund has been approved by the Comision Clasificadora de R iesgo (CCR) in Chile for distribution to Chilean Pension Funds under Agreement Nr 32 of the CCR.Singapore  –  The  Sub-Fund  is  not  authorised  or  recognised  by  the  Monetary  Authority of Singapore (“MAS”) and the Shares are not allowed to be offered to the retail  public  in  Singapore.  Each  Sub-Fund  is  a  restricted  scheme  under  the  Sixth  Schedule   to   the   Securities   and   Futures   (Offers   of   Investments)   (Collective   Investment Schemes) Regulations of Singapore. This document can be transmitted only  (i)  to  “institutional  investors”  pursuant  to  Section  304  of  the  Securities  and  Futures  Act,  Chapter  289  of  Singapore  (the  “Act”),  (ii)  to  “relevant  persons”  pursuant to Section 305(1) of the Act, (iii) to persons who meet the requirements of an  offer  made  pursuant  to  Section  305(2)  of  the  Act,  or  (iv)  pursuant  to,  and  in  accordance  with  the  conditions  of,  other  applicable  exemption  provisions  of  the Act.European Union Members: This marketing communication has been approved for issue by Lombard Odier (Europe) S.A. The entity is a credit institution authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Lombard Odier (Europe) S.A. branches are operating in the following territories:  France:  Lombard  Odier  (Europe).  S.A.  Succursale  en  France,  a  credit  institution   under   limited   supervision   in   France   by   the   Autorité   de   contrôle   prudentiel et de résolution (ACPR) and by the Autorité des marchés financiers(AMF) in respect of its investment services activities; Spain: Lombard Odier (Europe) S.A. Sucursal  en  España,  Lombard  Odier  Gestión  (España)  S.G.I.I.C.,  S.A.U.,  credit  institutions  under  limited  supervision  in  Spain  by  the  Banco  de  España  and  the  Comisión Nacional del Mercado de Valores (CNMV).United States: Neither this document nor any copy thereof may be sent, taken into, or distributed in the United States or given to any US person.This  marketing  communication  may  not  be  reproduced  (in  whole  or  in  part),  transmitted, modified, or used for any public or commercial purpose without the prior written permission of Lombard Odier. 
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