Lombard Odier Funds - Transition Materials (GBP) Unhedged IX2D 

The Sub-Fund is actively managed. The Bloomberg Commodity TR index is used for performance comparison only, without implying any particular constraints to the Sub-Fund's investments. Securities targeted by the Sub-Fund can be similar to those of the index to an extent that varies over time but their weighting is expected to differ materially. The performance of the Sub-Fund may deviate materially from that of the index. In addition to the above-mentioned index, the Bloomberg Industrial Metals Subindex Total Return may also be used for performance comparison as well as for internal risk monitoring purposes.