LFP Euro Souverains: Fund Factsheet

To take profit of the disparity of euro zone sovereign debts yields Investment Objective The fund’s objective is to outperform, on a 3 years horizon, the performance of the Euro MTS 1-3 years index majored by 1%. Investment Strategy The investment strategy of the fund is focused on the exploitation of the large differences between the yields offered by euro zone sovereign debts, since these countries are subject to a common monetary policy and the probability of a default of a member state of theeuro zone is considered as very low. The fund monitors the returns offered by the different maturities of euro zone members’yield curves in order to identify the most attractive risk/return ratios and detect arbitrage opportunities between various categories of bonds (fixed rate, inflation-linked, floating rate). Portfolio Managers & Advisors François Collet Pascal Gilbert Investment Universe The fund’s investment universe is limited to sovereign debt instruments issued by members of the euro zone and denominated in euro. A maximum of 10% of the N.A.V.can be invested in monetary funds. The use of derivatives instruments negociated on official euro zone markets is authorized with a maximum of 100% of the N.A.V., for exposition or hedging purposes. Management Parameters •Investment horizon: minimum 3 years •Modified duration: 0 to 10, with a range 0 to 7 for spread sensitivity and 0 to 4 for interest rate net sensitivity •Currency risk: none for the euro zone investor Awards More awards Downloadable documents Prospectus Management Report Performances as of 3/10/2010 Return Since Inception 2010 2009 1-Year Return 3-Year Return 5-Year Return 52-Week Volatility LFP Euro Souverains 7.05% -0.11% - - - - - Performance Calculator Key Figures Net Asset Value EUR 1,070.50 AUM EUR 200,120,684.23 Fund Features ISIN Code FR0010729632 Category Obligations Ticker Bloomberg - Currency EUR Creation date 17/03/2009 Valuation Frequency Daily