Quarterly report - LLB Quotes - Liechtensteinische Landesbank

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equity funds LLB Equities Pacific (JPY) per 30.06.2014 Christoph Hilfiker Fund Manager since 01.01.2007 René Hensel Co-Manager since 01.08.2007 Investment policy The fund invests at least two-thirds in Pacific equities. It is oriented towards the MSCI Pacific as the benchmark. The fund's management pays particular attention to achieving a broad coverage of the overall region, with investments ranging from base materials stocks and cyclical industrials to pharmaceuticals and food shares as well as high tech stocks and financials. The selection of the assets in the portfolio is based on quantitative and fundamental analysis, whereby quantitative methods are given a high importance. The fund is suitable for investors who wish to invest in the long-term growth opportunities offered by the Pacific region while at the same time minimizing the associated risks. NAV performance 11000 10000 9000 8000 7000 6000 5000 2009 2010 2011 2012 2013 2014 The value development shown here provides no guarantee of future performance. The value of a unit may rise or fall at any time. The performance data shown do not take into consideration the commissions and costs charged in connection with the issuing and redemption of units. Sector allocation Telecommunications 5 % Real estate 11 % Machinery a. mech. engineering 4 % Oil and gas 3 % Building materials and construction 5 % Various sectors 31 % Mining industry 4 % Vehicles 9 % Banks and other credit institutes 11 % Holding and finance companies 17 % Purchase arguments ◆ by elimination of trailer fee markedly less expensive ◆ quantitative oriented value philosophy ◆ the high cash resources and low borrowed capital levels of the companies in the Pacific region increase share repurchases and dividend payments ◆ favourably valued companies will benefit from M&A activity ◆ weaker Yen against USD offers opportunities and «Abenomics» is taking full effect Fund information Net asset value per unit JPY 10'461.00 Fund assets JPY 8.7 billion Reference currency JPY Traded Daily Security number 1325561 ISIN LI0013255612 WKN 964821 Bloomberg LLBAKJP LE Inception date 5 January 1999 Legal form of fund Investment Fund (UCITS IV) Fund domicile Liechtenstein Fund management LLB Fund Services AG Custodian bank Liechtensteinische Landesbank AG Investment manager Representative in Switzerland Paying agent in Switzerland End of financial year Dividend distributions Licensed for distribution in Tax transparency in Auditors LLB Asset Management AG LB(Swiss) Investment AG Claridenstrasse 20, 8022 Zurich Bank Linth LLB AG Zürcherstrasse 3, 8730 Uznach 30 September none, reinvested LI, CH LI, CH, DE, AT PricewaterhouseCoopers AG Total expense ratio 0.75 % p. a. (from 01.07.2014) Risk and performance Fund 2014 – 1.2 % Previous year 46.3 % Last 3 years 50.0 % Last 5 years 41.2 % Volatility last 5 years 18.5 % Allocation by countries Japan 72 % Australia 19 % Hong Kong 8 % Singapore 1 % Largest holdings Toyota Motor Corp. 3.4 % Mitsubishi UFJ Fin. Group Inc. 2.4 % Sumitomo Mitsui Fin. Group Inc. 2.1 % Dexus Prop. 2.1 % Comonwealth Bank of Australia 2.0 % Nippon Telegraph & Telephone Corp. 1.9 % BHP Billiton Ltd. 1.8 % Mitsubishi Motors Corp. 1.7 % Suncorp Metway Ltd. 1.7 % Scentre Group 1.5 % Fund ratings 1 Lipper total return score (3 years) 4 Lipper consistent return score (3 years) 4 Lipper preservation score (3 years) 4 Lipper expense score (3 years) 4 1 The fund ratings refer to the preceding month. Quarterly report · 2/2014
equity funds LLB Liechtenstein Banken (CHF) per 30.06.2014 Investment policy The fund invests in Liechtenstein's well-positioned banking centre. It is oriented towards the MSCI World Financials Index (Total Return CHF) as the benchmark. At least two-thirds of the fund's assets are invested in the securities of the Liechtensteinische Landesbank and the VP Bank. A maximum of one-third of the fund's assets are placed in first-class international financial stocks. The Liechtenstein banking and financial centre enjoys the highest possible sovereign rating AAA issued by Standard & Poor's. The fund is suitable for investors who wish to benefit from the growth of the Liechtenstein banking centre. NAV performance 200 190 180 170 160 150 140 130 120 110 100 90 2009 2010 2011 2012 2013 2014 The value development shown here provides no guarantee of future performance. The value of a unit may rise or fall at any time. The performance data shown do not take into consideration the commissions and costs charged in connection with the issuing and redemption of units. Asset allocation International financial stocks 35.4 % Liechtensteinische Landesbank 36.1 % VP Bank 28.5 % Purchase arguments ◆ by elimination of trailer fee markedly less expensive ◆ favourable valuation of banking and insurance securities ◆ global diversified financial stocks in addition to Liechtenstein's banking center ◆ no FL withholding tax on dividends Christian Zogg Fund Manager since 01.08.1998 Thomas Kühne Co-Manager since 30.05.2014 Fund information Net asset value per unit CHF 137.15 Fund assets CHF 14.9 million Reference currency CHF Traded Daily Security number 512970 ISIN LI0005129700 WKN 964819 Bloomberg LLBINVT LE Inception date 23 October 1996 Legal form of fund Investment Fund Fund domicile Liechtenstein Fund management LLB Fund Services AG Custodian bank Liechtensteinische Landesbank AG Investment manager Representative in Switzerland Paying agent in Switzerland End of financial year Dividend distributions Licensed for distribution in Tax transparency in Auditors LLB Asset Management AG LB(Swiss) Investment AG Claridenstrasse 20, 8022 Zurich Bank Linth LLB AG Zürcherstrasse 3, 8730 Uznach 31 December none, reinvested LI, CH LI, CH, DE, AT PricewaterhouseCoopers AG Total expense ratio 0.75 % p. a. (from 01.07.2014) Risk and performance Fund Peer-Group 2 2014 – 3.6 % 0.7 % Previous year 36.3 % 22.5 % Last 3 years – 20.5 % 28.8 % Last 5 years – 10.7 % 28.3 % Volatility last 5 years 17.0 % 17.5 % Largest holdings Liechtensteinische Landesbank AG 36.1 % VP Bank AG 28.5 % Allianz AG, registered 3.0 % JP Morgan Chase & Co. 2.7 % Credit Suisse Group, registered 2.5 % Nordea Bank AB 2.5 % American Int. Group 2.4 % Goldman Sachs Group Inc. 2.3 % United Overseas Bank Plc. 2.2 % AXA 2.1 % 23 – 24 Fund rating 1 Lipper expense score (10 years) Leader 1 The fund ratings refer to the preceding month. 2 Peer-Group = Median of the peer group of retail funds, provided by Morningstar (Europe OE Sector Equity Financial Services). Quarterly report · 2/2014
Page 1 and 2: DEFENSIVE funds bond funds equity f
Page 3 and 4: Contents 1 - 2 3 4 5 6 7 8 9 10 11
Page 5 and 6: New pricing structure for LLB funds
Page 7 and 8: Risk / return spectrum of LLB funds
Page 9 and 10: Price development of LLB funds per
Page 11 and 12: DEFENSIVE funds LLB Defensive (EUR)
Page 13 and 14: ond funds LLB Bonds CHF Cl. T & A p
Page 15 and 16: ond funds LLB Bonds USD per 30.06.2
Page 17 and 18: ond funds LLB Bonds Global (EUR) Cl
Page 19 and 20: ond funds LLB Convertible Bonds (EU
Page 21 and 22: equity funds LLB Equities Switzerla
Page 23: equity funds LLB Equities North Ame
Page 27 and 28: equity funds LLB Equities Regio Bod
Page 29 and 30: equity funds LLB Equities Fit for L
Page 31 and 32: strategy funds LLB Strategy Yield (
Page 33 and 34: strategy funds LLB Strategy Yield (
Page 35 and 36: eal value funds LLB Inflation Prote
Page 37 and 38: LLB fund glossary Fund jargon Accou
Page 39 and 40: 37 - 38 Yield to maturity In additi
Page 41 and 42: 39 - 40 Imprint Editorial deadline
Page 43 and 44: Quarterly report · 2/2014 41 - 42

Quarterly report - LLB Quotes - Liechtensteinische Landesbank

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