LO Funds
Convertible Bond

ISINLU0871571997

General information

Morningstar
Asset Class Convertibles
Category Global
Share Class reference currency USD Hedged
Benchmark Thomson Reuters Global Convertible Composite Hedged USD
Dividend Policy Accumulated
Total Assets (all classes) in mn USD 2717.02 31.03.2020
Assets (share class) in mn USD 81.92 31.03.2020
Number of positions 133 31.03.2020
TER 0.87% 30.09.2019

Documents

KIID
Prospectus
Fact Sheet (marketing document)
Newsletter IM - Professional
Reasons to invest (Retail)

Risk rating

Lower risk Higher risk
1
2
3
4
5
6
7
Typically lower reward Typically higher reward

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.

Performance & statistics

Fund
Total Return 487.16%
Annualized Return 5.49%
Annualized Volatility 6.86%
Sharpe Ratio 0.33
Downside Deviation 4.98%
Positive Months 62.47%
Maximum Drawdown -26.86%
*  Risk-Free Rate 3.23% Target Rate 3.23%
Calculations based on monthly time series
Earliest Date: 02.04.1987, Latest date: 01.04.2020

Highlights

LO Funds - Convertible Bond is an actively managed long-only global convertible bond strategy launched in December 2002. It invests mainly in global convertible bonds with a balanced profile. It seeks to deliver asymmetrical performance over the medium to long-term, profiting from equity market upturns while benefiting from the downside protection of a fixed income structure with a fraction of the volatility of equities. The investment approach is based on in-depth fundamental and technical research and combines ‘top-down’ economic analysis with ‘bottom-up’ stock selection. Two final hurdles include a minimum issue size of USD 150 mn (for liquidity purposes) and a minimum credit rating of B- (reflecting the search for an investment grade quality for the portfolio).

Breakdowns

Top 10 (in %)

Amxlmm 0 05/28/20 0.00%
Chcons 0 01/05/23 0.00%
Titim 1 1/8 03/26/22 0.00%
Clnxsm 0 1/2 07/05/28 0.00%
Sikasw 0.15 06/05/25 0.00%
Everre 4 1/4 02/14/23 0.00%
Akam 0 3/8 09/01/27 0.00%
Dwnigy 0.6 01/05/26 0.00%
Ingfp 0 06/26/22 0.00%
Qdhaie 0 11/21/22 0.00%

Countries (in %)

Europe 0.00%
United States 0.00%
Asia 0.00%
Japan 0.00%
Others 0.00%
Liquid assets 0.00%

Credit Ratings (in %)

A 0.00%
BBB 0.00%
BB 0.00%
B 0.00%
Not rated 0.00%
Liquid assets 0.00%

Currencies (in %)

USD 0.00%

Managers

Nathalia Barazal Investment Management (Convertibles)
Read more
Arnaud Gernath Investment Management (Convertibles)
Read more

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 CHF 1'000'000 or eq
Management Fee 0.65%
Distribution Fee 0.00%

Security Numbers

BLOOMBERG LCSHUIA LX
ISIN LU0871571997
REUTERS 20324261X.CHE
SEDOL GBBWY4ZC8
TELEKURS 20324261

Prices

Export

Prices over selected period

Last USD 0.00 01.04.2020
First USD 0.00 02.04.1987
Highest USD 0.00 19.02.2020
Lowest USD 0.00 12.11.1987
* Earliest Date: 02.04.1987, Latest date: 01.04.2020

Documents

Professional investors only

Newsletter IM - Professional
29.02.2020

Annexe

UK Reporting Status - Reportable Income
08.05.2019

Reporting

Performance Review
29.02.2020
Fact Sheet (marketing document)
29.02.2020

Legal Documents

Notice to Shareholders
25.03.2020
Key Investor Information Document
10.02.2020
Prospectus
17.01.2020
Annual Report
30.09.2019
Semi-Annual Report
31.03.2019
Articles of incorporation
21.03.2019

Retail investors

Reasons to invest (Retail)
15.10.2019