LO Funds
Emerging High Conviction

ISINLU0866416588

General information

Asset Class Equities
Category Emerging markets
Share Class reference currency EUR Hedged
Benchmark MSCI Emerging Market USD ND (EUR Cross Hdg.)
Dividend Policy Accumulated
Total Assets (all classes) in mn EUR 345.63 31.08.2020
Assets (share class) in mn EUR 20.10 31.08.2020
Number of positions 38 31.08.2020
TER 1.29% 31.03.2020

Documents

KIID
Prospectus
Fact Sheet (marketing document)
Newsletter IM - Professional

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 Benchmark
Total Return 48.42% 18.35%
Annualized Return 4.53% 1.91%
Annualized Volatility 13.38% 16.69%
Sharpe Ratio 0.35 0.12
Downside Deviation 9.41% 11.63%
Positive Months 61.68% 55.14%
Maximum Drawdown -35.21% -33.29%
*  Risk-Free Rate -0.11% Target Rate -0.11%
Calculations based on monthly time series
Earliest Date: 31.10.2011, Latest date: 17.09.2020
Fund vs Benchmark
Correlation 0.862
R2 0.742
Alpha 0.26%
Beta 0.690
Tracking Error 8.53%
Information Ratio 0.200

Highlights

LO Funds - Emerging High Conviction is an actively managed UCITS portfolio. Its long-only, high conviction equity strategy has been in place since October 2011. It invests in equity securities issued by companies in emerging markets and in developed markets which have a material exposure to emerging markets. It seeks to outperform the MSCI Emerging Market index over the long-term. The Investment Philosophy is centred around selecting high quality companies with sustainable business models that can deliver predictable superior economic returns. The Investment Approach tends to avoid companies which are excessively exposed to exogenous factors (not controlled by corporate management) and focus on those that can deliver sustainable superior economic returns with better predictability. This focus is a disciplined systematic and High Conviction strategy whereby the Investment Team selects companies with: structural superior economic returns, ability to grow with limited debt requirement, strong corporate governance and sustainable competitive advantages. The portfolio is then constructed with 50-70 attractively priced stocks. Top down views will influence the allocation to countries and between defensive versus pro-cyclical sectors/companies. Risk management focuses, among others, on limiting drawdowns through the use of option hedging strategies. Local currency risk can be hedged.

Breakdowns

Top 10 (in %)

Alibaba Grp 0.00%
Tencent Holdings 0.00%
Taiwan Semiconductor 0.00%
Samsung Electronics (ord) 0.00%
HK Ex & Clearing 0.00%
AIA Group 0.00%
Meituan Dianping 0.00%
Bank Central Asia 0.00%
Housing Development Fi Cp 0.00%
Postal Savings Bk China H 0.00%

Sectors (in %)

Consumer discretionary 0.00%
Financials 0.00%
Information technology 0.00%
Communication services 0.00%
Consumer staples 0.00%
Industrials 0.00%
Others (liquid assets Incl.) 0.00%
Real estate 0.00%
Health care 0.00%

Countries (in %)

China 0.00%
Taiwan 0.00%
India 0.00%
South Korea 0.00%
Hong Kong 0.00%
Brazil 0.00%
Indonesia 0.00%
Russia 0.00%
Others 0.00%
Liquid assets 0.00%

Currencies (in %)

HKD 0.00%
USD 0.00%
TWD 0.00%
INR 0.00%
KRW 0.00%
IDR 0.00%
CNH 0.00%
BRL 0.00%
MXN 0.00%
Others 0.00%

Managers

Odile Lange-Broussy Investment Management (Global Equities)
Read more
Zhikai Chen Private Clients (Asia Investment Team)
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+3
NAV valuation point T
NAV calculation day T+1
NAV calculation frequency Daily
Minimum Investment EUR 3'000
Management Fee 0.935%
Distribution Fee 0.00%

Security Numbers

BLOOMBERG LOECMAE LX
ISIN LU0866416588
REUTERS 20282065X.CHE
SEDOL GBBD7VJS7
TELEKURS 20282065

Prices

Export

Prices over selected period

Last EUR 0.00 17.09.2020
First EUR 0.00 31.10.2011
Highest EUR 0.00 26.01.2018
Lowest EUR 0.00 25.11.2011
* Earliest Date: 31.10.2011, Latest date: 17.09.2020

Documents

Professional investors only

Newsletter IM - Professional
31.08.2020

Annexe

UK Reporting Status - Reportable Income
15.06.2020

Reporting

Performance Review
31.08.2020
Fact Sheet (marketing document)
31.08.2020

Legal Documents

Key Investor Information Document
15.08.2020
Prospectus
03.08.2020
Notice to Shareholders
03.06.2020
Semi-Annual Report
31.03.2020
Annual Report
30.09.2019
Articles of incorporation
21.03.2019