fund details.

LO Funds

Euro BBB-BB Fundamental, Syst. NAV Hdg, (CHF) N A

HIGHLIGHTS

LO Funds - Euro BBB-BB Fundamental is a long-only euro corporate bond strategy launched in December 2010. It focuses on the cross-over segment between the investment grade (BBB rated bonds) and high yield universes (BB rated bonds) . It seeks to deliver better risk-adjusted returns than traditional investment grade indices. The investment approach is two-fold: a beta allocation based on LOIM’s fundamentally weighted methodology, which differs from a traditional market-cap approach by allocating to sectors and companies based on fundamental criteria; and a credit overlay component aiming to identify and exploit inefficiencies at issuer and issue levels while preserving the fundamental top-down allocation. Risk management is performed by fund managers at a portfolio level, alongside independent teams who manage investment risks and monitor operational risks.

MANAGERS

Manager Profiles

Yannik Zufferey Zürich Head of Fixed Income

Yannik Zufferey has 17 years of investment experience and as CIO of Fixed Income within Lombard Odier Investment Managers, has experience managing a variety of Fixed Income portfolios since he joined the  Read more

Jérôme Collet Genève Fundamental Fixed Income

Jérôme Collet is a Senior Portfolio Manager and head of the Fundamental Fixed Income Portfolio Management Team. He joined Lombard Odier IM in January 2010. Prior to joining, Jérôme was risk manager and  Read more

Ashton Parker London Fundamental Fixed Income

Ashton Parker is a Senior Credit Analyst and head of the Fundamental Fixed Income Credit Research team. He joined Lombard Odier IM in March 2011. Prior to joining, Ashton was a senior credit analyst covering  Read more

Anando Maitra London Fundamental Fixed Income
Leslie Sita Genève Fundamental Fixed Income

Leslie Sita is a Portfolio Manager and Product Specialist within LOIM's Fundamental fixed income team. She joined LOIM in October 2010. Prior to joining LOIM, Leslie was a product control analyst in the  Read more

GENERAL INFORMATION

Overview

Asset Class Fixed Income
Category Credit
Share Class reference currency CHF Hedged
Benchmark Barclays Euro-Aggregate: Corporates – 500MM hedged in CHF
Dividend Policy Accumulated

Latest Data

Performance YTD 7.50% 12.09.2019
Total Assets (all classes) in mn CHF 701.24 31.08.2019
Assets (share class) in mn CHF 20.81 31.08.2019
NAV (CHF) 17.86 12.09.2019
Highest - Last 12 months 17.94 02.09.2019
Lowest - Last 12 months 16.55 10.12.2018
Number of positions 727 31.08.2019
TER 0.68% 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.

PRICES

Period
(Earliest Date: 14.02.2011)
(Latest date: 12.09.2019)

Prices over selected period

Last CHF 17.86 12.09.2019
First CHF 13.19 14.02.2011
Highest CHF 17.94 02.09.2019
Lowest CHF 12.58 05.10.2011

PERFORMANCE & STATISTICS

Statistics (14.02.2011 - 12.09.2019) ¹

( Earliest Date : 14.02.2011)
Go
( Latest date : 12.09.2019)
Fund Benchmark
Total Return 35.33% 36.99%
Annualized Return 3.58% 3.72%
Annualized Volatility 3.90% 3.29%
Sharpe Ratio 1.05 1.28
Downside Deviation 2.26% 1.85%
Positive Months 61.54% 63.46%
Maximum Drawdown -5.42% -4.20%
Fund vs Benchmark
Correlation 0.926
R2 0.857
Alpha -0.04%
Beta 1.096
Tracking Error 1.51%
Information Ratio -0.087
Risk-Free Rate -0.50% Target Rate -0.50%
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

Credit Ratings (in %)

A
0.32%
BBB
69.85%
BB
25.23%
B
1.10%
Not rated
1.14%
Liquid assets
2.36%

Maturities (in %)

Less than 1 year
0.20%
1 to 3 years
16.23%
3 to 5 years
32.21%
5 to 7 years
30.23%
7 to 10 years
14.93%
More Than 10 Years
3.44%
Others
0.40%
Liquid assets
2.36%

Portfolio Breakdown (in %)

Corporate
95.53%
Liquid assets
2.36%
Agencies
0.96%
Derivatives
0.75%
Others
0.40%
Sovereign
0.00%

Corporate sectors (in %)

Industrials
62.88%
Financial Institutions
27.90%
Utilities
4.75%

SECURITY NUMBERS

Dealing

Subscriptions and redemptions frequency Daily
Subscriptions and redemptions cut-off day T
Subscriptions and redemptions cut-off time 12:00 CET
Subscriptions and redemptions settlement date T+2
NAV valuation point T
NAV calculation day T+1
NAV calculation frequency Daily
Minimum Investment CHF 1 million
Management Fee 0.50%
Distribution Fee 0.00%

Security Numbers

BLOOMBERG LOBBCIA LX
ISIN LU0563305183
REUTERS 12038149X.CHE
SEDOL GBBD7VKY0
TELEKURS 12038149

Share Quotation

Electronic Media

DOCUMENTATION

Professional investors only Date DE EN FR IT
Newsletter IM - Professional 31.07.2019    
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 11.01.2019
Prospectus 21.03.2019  
Annual Report 30.09.2018  
Semi-Annual Report 31.03.2019  
Sicav article of incorporation 21.03.2019