so investiert der LO Funds - Swiss Small & Mid Caps (CHF) NA Fonds: The Sub-Fund is actively managed. The SPI Extra TR index is used to define the initial investment universe for individual security selection, for performance comparison as well as for internal risk monitoring purposes, without implying any particular constraints to the Sub-Fund's investments. The Sub-Fund's securities will generally be similar to those of the above-mentioned index but the security weightings are expected to differ materially. The Investment Manager may also select securities not included in the above-mentioned index in order to take advantage of investment opportunities. The Sub-Fund invests in equity securities (including, but not limited to, warrants) issued by small and mid cap companies incorporated or exercising a prominent part of their business activities in Switzerland as listed in the SPI Extra Index (the "Benchmark"). Up to 10% of portfolio may be invested in other equity securities outside these parameters.