LGT Bond Fund Global Inflation Linked (USD) B

LGT Bond Fund Global Inflation Linked (USD) A B 

Fund characteristics 

Inception/conversion date 12.11.2010/17.04.2012 30.09.2010/17.04.2012* 

Type of fund Open 

Fund domicile Principality of Liechtenstein 

Management company LGT Capital Management Ltd. 

Investment company LGT Funds SICAV 

Depositary LGT Bank in Liechtenstein Ltd. 

Investment manager LGT Capital Management Ltd. 

End of accounting year 30.04. 

Distribution A B Distributing none, retains profits 

ISIN A B LI0148578003 LI0148578037 

Valor A B 14857800 14857803 

WKN A B – 

Issue/redemption Daily (business days) 

Reference currency USD 

Minimum investment 1 unit 

Benchmark GILB BM (LGT) 1-10Y Barclays USD 

Registration AT, CH, DE, FL 

Price and volume (As of: 30.04.2012) 

Total fund assets USD 1'881.22 Mio. 

Net asset value per share A B USD 1'001.86 USD 1'000.37 

Last distribution 

12-month high (end of month data) A B USD 1'001.86 USD 1'000.37 

12-month low (end of month data) A B USD 943.74 USD 938.54 

Returns Fund B (NAV) Benchmark 

Last month 0.5% 0.6% 

Last 3 months 0.3% 0.8% 

Last 12 months 6.6% 6.8% 

Since inception p.a. (30.09.2010) 5.1% 6.2% 

Year-to-date 1.7% 2.2% 

Maximum monthly return 2.2% 2.1% 

Minimum monthly return -0.9% -0.8% 

Risk and performance Fund B Benchmark 

Volatility p.a. – – 

Sharpe ratio – – 

Tracking error – 

Information ratio – 

Macaulay duration (beta = 1) 5.44 

Modified duration (beta = 1) 5.37 

Maximum draw down -1.2% -0.4% 

Maximum draw down period (months) 3 1 

Monthly returns fund B 

LGT Bond Fund Global Inflation Linked (USD) B 

GILB BM (LGT) 1-10Y Barclays USD 

2.0% 

1.5% 

1.0% 

0.5% 

0.0% 

-0.5% 

-1.0% 

-0.02% 

-0.38% 

1.06% 

1.24% 

1.33% 

1.36% 

11/11 12/11 01/12 02/12 03/12 04/12 

-0.10% 

0.12% 

-0.12% 

0.10% 

0.55% 

0.57% 

Fund description 

LGT Bond Fund Global Inflation Linked is an actively managed 

portfolio, which invests in investment grade moneymarket 

instruments, bonds and inflation linked bonds issued 

by issuers in the public and private sectors worldwide. 

Investments are made in several currencies and are hedged 

back into USD. The selection of securities and the duration 

are actively managed with the aim to create an attractive 

risk/return profile. 

Opportunities 

30.04.2012, 1/2 

Dieter Gassner 

Portfolio manager 

▪ The investor benefits from a broadly diversified and professionally managed 

portfolio. 

▪ Efficient opportunity to participate in the performance of global inflation linked 

bonds. 

▪ The investment process combines macroeconomic analyses with findings from 

the field of Behavioral Finance. 

▪ Active management allows the exploitation of opportunities arising through 

market changes. 

Risks 

This fund is suitable for investors with a medium-term investment horizon and higher 

risk tolerance, who are primarily seeking a constant return as well as protection 

against inflationary risk and are able to accept temporary fluctuations in prices. By 

investing in bonds and money market instruments, investors are exposed to issuer 

credit risk and the deposit institution’s credit risk. 

Performance (rebased)** 30.09.2010 – 30.04.2012 


109.0 

107.5 

106.0 

104.5 

103.0 

101.5 

100.0 

98.5 

97.0 

09/10 

10/10 

11/10 

12/10 

Annual returns fund B 

01/11 

02/11 

03/11 

04/11 

05/11 


GILB BM (LGT) 1-10Y Barclays USD 

-1.16% 

-0.10% 

06/11 

7.70% 

07/11 

08/11 

09/11 

10/11 

11/11 

12/11 

01/12 

02/12 

(09/10 - 12/10) 2011 (12/11 - 04/12) 

Source for all data and charts (if not indicated otherwise): LGT/Datastream Please note the disclaimer on page 2/2. 

8.0% 

6.0% 

4.0% 

2.0% 

0.0% 

-2.0% 

-4.0% 

LGT Capital Management Ltd., phone +41 55 415 92 92, www.lgt-cm.com, lgt.cm@lgt.com 

7.85% 

1.67% 

03/12 

2.15% 

04/12

LGT Bond Fund Global Inflation Linked (USD) A B 

Fund information 

Dieter Gassner has been responsible for this portfolio since May 10, 2004 (launch 

date). 

Investment philosophy: combination of macroeconomics and Behavioral Finance. 

Country allocation of the tailor-made benchmark GILB (LGT) 1-10 Years Barclays 

hedged EUR: 40% USA, 20% France, 20% United Kingdom, 10% Germany, 4% 

Australia, 3% Canada and 3% Sweden. Currency rsiks are completely hedged. 

Fund Award 2011 by the editors of Euro, Euro am Sonntag and Euro-Fondsxpress in 

the category ”(inflation-protected) bond fund”. Third prize following Fund Awards 

2008 and 2010. 

Mark of quality S&P Capital IQ "Silver V4" Fund Grading since May 2009. 

Feri EuroRating ”B” by German rating agency Feri since July 2010. 

TELOS Fondsrating ”AA-” by reknowned rating agency TELOS since January 2011. 

Fund manager rating "A" by Citywire for portfolio manager Dieter Gassner (Europe, 

Austria, Germany, Switzerland). 

Largest holdings 

United Kingdom of Great Britain and Northern Ireland 2.5 % 

1983-26.07.2016 Inflations Index linked 

5.0% 

United States of America 1.125 % 2011-15.01.2021 Inflations Index 

linked 

5.0% 

United States of America 1.25 % 2011-15.03.2014 4.7% 

French Republic 2.25 % 2004-25.07.2020 Inflations Index linked 4.5% 

Federal Republic of Germany 1.5 % 2006-15.04.2016 Inflations Index 

linked 

4.3% 


linked 

4.2% 



linked 

3.5% 

United States of America 2.0 % 2004-15.07.2014 Inflations Index linked 3.4% 


Total 42.0% 

Fees and commissions 

Up-front fee maximum 3.00% 

Redemption premium none 

Management fee p.a. 0.90% 

Operations fee p.a. 0.30% 

Currencies 

Rating 

USD 

AAA 

AA+ 

A+ 

Settlement 

30.04.2012, 2/2 

0% 13% 25% 38% 50% 63% 75% 88% 100% 113% 

3.8% 

43.1% 

53.1% 

100.0% 

0% 8% 15% 23% 30% 38% 45% 53% 60% 68% 

Time to maturity (in years) 

0-1 

1-3 

3-5 

5-7 

7-10 

10 plus 

0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 

1.2% 

11.9% 

13.2% 

16.6% 

25.9% 

31.2% 

Cut-off time daily (business days) 2 p.m. (t) 

Valuation on the following working day (t+1) 

Value date applied valuation +2 days (t+3) 

Source for all data and charts (if not indicated otherwise): LGT/Datastream 

Legal information 

* LGT Bond Fund Global Inflation Linked was approved as an investment fund (sub-fund) under Liechtenstein on 17 February 2012. It is based on the same investment policy as the 

predecessor fund LGT Bond Fund Global Inflation Linked (USD), the latter’s assets having been transferred to LGT Bond Fund Global Inflation Linked with effect from 17 April 

2012. This ensures a smooth transition and allows the fund's past performance to be transferred as well. 

Global Investment Performance Standards (GIPS) 

The firm in terms of the Global Investment Performance Standards (GIPS) contains all mutual funds managed according to the investment guidelines of LGT Capital Management 

Ltd. The firm is in compliance with the GIPS and verified as per 31.12.2010. A complete list and description of all of the firm's composites are available upon request. This fund 

is part of a composite. The composite return does not need to match the return of its individual components. The calculation of the risk measures within the segment "risk and performance" 

is based on monthly returns (gross of LGT management fees) with a rolling window of 36 months. Only exemption is the calculation of the maximum draw down, which 

is based on net of fees returns. GIPS® is a registered trademark of CFA Institute. CFA Institute has not been involved in the review or preparation of this report/advertisement. 

Representatives and paying agents 

The current full prospectus, the simplified prospectus and the current annual and semi-annual reports can be obtained free of charge from the fund administrator as well as under 

following addresses: Liechtenstein: LGT Bank in Liechtenstein Ltd., Herrengasse 12, FL-9490 Vaduz and as an electronic version at www.lafv.li; Representative, main distributor 

and paying agent for Switzerland: LGT Bank (Switzerland) Ltd., Lange Gasse 15, CH-4002 Basel; Paying and information agent for Germany: Landesbank Baden-Württemberg, 

Am Hauptbahnhof 2, D-70173 Stuttgart; Paying agent in Austria: Erste Bank der österreichischen Sparkassen AG, Graben 21, A-1010 Wien. 

Selling restrictions 

Where units are distributed outside Liechtenstein, the pertinent provisions in the respective country shall apply. The units have not been registered under the United States Securities 

Act 1933. With regard to distribution in the United States or to US citizens or persons resident in the United States, the restrictions detailed in the prospectus shall apply. 

Further information 

** A gain in value in the past provides no guarantee of positive performance in the future. The risk of price and foreign currency losses and of fluctuations in return as a result of 

unfavorable exchange rate movements cannot be ruled out. There is a possibility that investors will not recover the full amount they initially invested. Commissions and charges 

levied on the issuance and redemption of units are debited separately to each investor. They are therefore not taken into account in the performance shown here. This publication 

is an advertising message. It is for information purposes only and is not intended as an offer or recommendation to buy or sell any investment or other specific product. It is recommended 

that advice be obtained from a qualified expert. 

LGT Capital Management Ltd., phone +41 55 415 92 92, www.lgt-cm.com, lgt.cm@lgt.com

LGT Bond Fund Global Inflation Linked (USD) B

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