fund details.

LO Funds

Golden Age, Syst. NAV Hdg, (CHF) P A

HIGHLIGHTS

LO Funds - Golden Age is an actively managed long-only global equity strategy launched in November 2009. It invests in companies deriving a significant portion of their revenues from the ageing population theme. It has a bias towards developed markets and towards the Healthcare, Consumer and Financial sectors. It seeks to outperform the MSCI World ND index over the long-term. The investment approach combines a fundamental bottom-up approach with a top down overlay to create a high conviction portfolio of around 50-70 positions. It focuses on names which should outperform the broader market on a sustainable basis and invests only in cash-flow positive companies that avoid significant binary risk. The portfolio style can be described as “Growth at a Reasonable Price”.

MANAGERS

Manager Profiles

Johan Utterman Zürich Investment Management (Global Equities)

Johan Utterman: Senior Portfolio Manager for LO Funds-Golden Age and Head of Swiss Equities Johan Utterman is the lead portfolio manager for the LO Funds–Golden Age fund and head of Swiss Equities at  Read more

Meret Gaugler Zürich Investment Management (Global Equities)

Dr.Meret Gaugler, Co-Portfolio Manager, LO Funds – Golden Age Meret Gaugler is co-portfolio manager for LO Funds – Golden Age and the Swiss Equities funds within Lombard Odier Investment Managers (LOIM)’s  Read more

GENERAL INFORMATION

Overview

Asset Class Equities
Category Global
Share Class reference currency CHF Hedged
Benchmark MSCI World ND (CHF Hdg. by LOIM)
Dividend Policy Accumulated

Latest Data

Performance YTD 12.35% 12.09.2019
Total Assets (all classes) in mn CHF 778.43 31.08.2019
Assets (share class) in mn CHF 8.34 31.08.2019
NAV (CHF) 24.65 12.09.2019
Highest - Last 12 months 25.31 03.07.2019
Lowest - Last 12 months 21.38 21.12.2018
Number of positions 52 31.08.2019
TER 1.85% 31.03.2019

Cumulative Performance

 
Past performance is not a guide to future performance. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units, performance is presented net of fees. The NAV of fund units and official prices of benchmarks are used for performance comparison purposes. Source of the figures: Lombard Odier.

News & Awards

Awards

Provider year Distinction Period Sector
Lipper 2008 1st place 2008 Pharmaceuticals and Health Care

PRICES

Period
(Earliest Date: 01.06.2010)
(Latest date: 12.09.2019)

Prices over selected period

Last CHF 24.65 12.09.2019
First CHF 13.39 01.06.2010
Highest CHF 25.86 26.01.2018
Lowest CHF 11.97 25.11.2011

PERFORMANCE & STATISTICS

Statistics (01.06.2010 - 12.09.2019) ¹

( Earliest Date : 01.06.2010)
Go
( Latest date : 12.09.2019)
Fund Benchmark
Total Return 84.11% 111.28%
Annualized Return 6.77% 8.36%
Annualized Volatility 11.72% 12.77%
Sharpe Ratio 0.62 0.69
Downside Deviation 7.93% 8.12%
Positive Months 61.61% 64.29%
Maximum Drawdown -20.86% -20.63%
Fund vs Benchmark
Correlation 0.843
R2 0.711
Alpha 0.03%
Beta 0.774
Tracking Error 6.92%
Information Ratio -0.264
Risk-Free Rate -0.45% Target Rate -0.45%
¹ Calculations based on monthly time series

Cumulative Performance

 
Past performance is not a guide to future performance. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units, performance is presented net of fees. The NAV of fund units and official prices of benchmarks are used for performance comparison purposes. Source of the figures: Lombard Odier.

BREAKDOWNS

Period

Top 10 (in %)

Nestlé
4.40%
Novo Nordisk
3.60%
Unitedhealth Group
3.30%
Koninklijke DSM
3.20%
Roche
3.10%
Visa
3.10%
L'Oréal
3.00%
AIA Group
2.90%
Baxter
2.90%
Abbott Laboratories
2.80%

Sectors (in %)

Health care
43.50%
Consumer discretionary
16.50%
Financials
15.40%
Consumer staples
8.90%
Materials
5.00%
Others (liquid assets incl.)
3.60%
Real Estate
3.30%
Information technology
3.10%
Industrials
0.70%

Countries (in %)

United States
51.00%
Switzerland
14.50%
Others
6.90%
Denmark
5.40%
Netherlands
4.90%
France
4.60%
United Kingdom
3.10%
Japan
3.00%
Hong Kong
2.90%
Liquid assets
3.60%

Increased (securities)

Grifols
2.20%
Las Vegas Sands
1.10%
Lonza Group
1.10%
L'Oréal
0.90%
China Life Insurance
0.80%

SECURITY NUMBERS

Dealing

Subscriptions and redemptions frequency Daily
Subscriptions and redemptions cut-off day T-1
Subscriptions and redemptions cut-off time 15:00 CET
Subscriptions and redemptions settlement date T+2
NAV valuation point T
NAV calculation day T+1
NAV calculation frequency Daily
Minimum Investment EUR 3'000 or equivalent
Management Fee 0.75%
Distribution Fee 0.75%

Security Numbers

BLOOMBERG DHLIPAC LX
ISIN LU0504822510
REUTERS 11226081X.CHE
SEDOL GBB51V9F4
TELEKURS 11226081

Share Quotation

Electronic Media

DOCUMENTATION

Professional investors only Date DE EN FR IT
Newsletter IM - Professional 31.08.2019
Annexe Date DE EN FR IT
UK Reporting Status - Reportable Income 23.03.2017      
Reporting Date DE EN FR IT
Fact Sheet 31.08.2019
Performance Review 31.08.2019
Legal Documents Date DE EN FR IT
Articles of incorporation 21.03.2019    
Notice to Shareholders 17.04.2018    
Notice to Shareholders 28.08.2018      
Notice to Shareholders 05.02.2019    
Notice to Shareholders 21.02.2019    
Notice to Shareholders 12.03.2019    
Notice to Shareholders 10.12.2018    
Notice to Shareholders 30.01.2018    
Key Investor Information Document 18.07.2019
Prospectus 21.03.2019  
Annual Report 30.09.2018  
Semi-Annual Report 31.03.2019  
Sicav article of incorporation 21.03.2019  
Retail investors Date DE EN FR IT
Reasons to invest (Retail) 19.09.2018