Value Obligations
Management Objective
To outperform the EuroMTS 3-5 years index through investments in either fixed or variable rate bonds, convertible bonds with bond-like characteristics, which are invested primarily in corporate issues rated "Investment Grade"
| In % | YTD* | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
| SP Value Oblig | 6,42 | -1.68 | 4,23 | 27,28 | -13,79 | 1,98 | 4,79 | 6,50 | 6,43 |
| EU MTS 3-5 years | 2,40 | 0.83 | 1,23 | 5,46 | 8,70 | 3,17 | 0,60 | 3,00 | 5,77 |
*Performance depuis le début de l'année au 12/02/12



