Clariden Leu (Gue) ILS Plus Fund CHF B

Clariden Leu (Gue) ILS Plus Fund CHF B
Investment Objective
The fund invests in a broadly diversified portfolio of insurance-linked bonds
referred to as cat bonds, and financial insurance agreements. These structures
are issued by insurance and reinsurance companies to hedge against damage
events. The risk assumed by the investor is therefore tied to clearly defined disasters
(e.g. earthquakes, hurricanes). Counterparty or credit risks are to a large extent
eliminated in the structure. The fund aims to achieve a stable return that is higher
than the risk-free interest rate, with a low correlation to fluctuations in financial
markets, and a low fixed interest rate exposure due to the variable interest rate
component. This share class provides a hedge against currency risk versus the
reference currency (USD).
Key Information
NAV (30.04.12) CHF 128.27
Fund Size (in m) CHF 609.5 (all share classes)
Valor 2232183
ISIN GG00B2918810
WKN A0YBME
Bloomberg PRMILSA GU
Launch Date 27.05.2005
Benchmark Citigroup CHF 3 Months Eurodeposit
Investment Manager Clariden Leu, Zurich
Fund Type Guernsey OEIC
ESD Tax Status no EU taxation
Dealing monthly, 20th calendar day until 16:00 CET
Close of Financial Year March 31
Distribution none, accumulation
Management Fee 2.0% p.a.
Event Risk
Event in % of NAV*
Hurricane Northeast USA 40.5
Hurricane Southeast USA 40.7
Earthquake California 36.9
Earthquake Northwest USA 28.9
Earthquake Midwest USA 30.0
Windstorm Europe 24.1
Earthquake Europe 14.7
Typhoon Japan 14.5
Earthquake Japan 14.6
Cyclone Australia 9.8
Earthquake Australia 10.5
Aviation / Space 3.8
Life 6.1
Other (events not allocated to any other event category) 21.3
* Some financial instruments may cover more than one peril, therefore the sum of the risk
categories may exceed 100%
Portfolio Breakdown in %
Instrument Fund
Insurance-linked Securities (ILS, Cat Bonds) 67.7
Financial Insurance Contracts (FIC, Derivatives) 32.2
Insurance-linked Funds 0.1
Total 100.0
Additional portfolio information is available upon request.
The fund is open to qualified investors only
Performance in % 1) Fund Index
April 30, 2012
1) Historical performance indications and financial market scenarios are no guarantee for current or future performance. Performance indications do not consider commissions levied at subscription and/
or redemption.
Please refer to legal information on the last page. Page 1/2
14
12
10
8
6
4
2
0
-2
-4
-6
2008 2009 2010 2011 2012
Fund 2.46 11.14 7.83 -2.63 -0.96
Index 2.70 0.50 0.17 0.20 0.02
Risk Indicator
Lower risk
Typically lower rewards
Higher risk
Typically higher rewards
1 2 3 4 5 6 7
Please refer to the last page for additional information for risk indicator.
Month 2008 2009 2010 2011 2012
Jan 0.74 0.37 1.25 0.64 - 1.00
Feb 0.82 1.16 1.31 0.02 - 0.01
Mar 0.48 0.09 0.53 - 6.52 - 0.39
Apr 0.22 0.03 0.55 - 0.02 0.45
May 0.46 0.11 0.24 0.06
Jun 0.90 0.76 0.07 0.43
Jul 0.61 0.87 0.08 0.24
Aug 0.96 1.59 0.83 0.64
Sep - 1.34 2.52 1.32 1.02
Oct - 1.40 1.57 0.95 0.82
Nov - 0.63 0.69 0.30 0.15
Dec 0.64 0.87 0.14 0.11
Characteristics
Measure Fund
Return 1 Year 2.5%
Return 3 Years (p.a.) 4.4%
Return 5 Years (p.a.) 5.0%
Volatility (p.a.) 3.9%
Best Month 2.5%
Worst Month -6.5%
Maximum Drawdown -6.5%
Positive Months 86.7%
Sharpe Ratio (p.a.) 1.0
Expected Loss (Portfolio) 3.09%
Average weighted maturity (years) 1.53
Number of Positions 121
Source: Lipper. All figures shown in the characteristics table are based on monthly data over 5
years or over the period since launch if it is less than 5 years.

Risk Indicator: The calculation of the risk indicator is based on the CESR/10-673 Directive. The risk indicator is based on historic and partly simulated data; it cannot be used to predict future developments.
The classification of the fund may change in future and does not represent a guarantee. A classification into category 1 is no risk-free investment either.
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