fund details.

LO Funds

Europe High Conviction, Syst. NAV Hdg, (CHF) P A

HIGHLIGHTS

LO Funds - Europe High Conviction is an actively long-only European equity strategy launched in November 2010. It invests in leading European companies that can deliver sustainable profits and growth. It seeks to outperform the MSCI Europe ND index over the long term. The research-intensive investment process is focused on stock selection and each investment must fit into one of the three investment buckets that we describe as corporate event opportunities, high quality and high growth companies. The portfolio is concentrated on circa 30 to 40 stocks with a large-cap bias; positions are equally weighted where possible. This allows the Fund to navigate through diverse economic and market cycles. Risk management starts with the fund managers assessing 12 risk factors at portfolio level. In parallel, our independent risk team manage investment risks and monitor operational risks.

MANAGERS

Manager Profiles

Cyril Marquaire London Investment Management (European Equities)

Cyril Marquaire is a fund manager for Europe High Conviction within Lombard Odier Investment Managers (LOIM)’s Equities Group. He joined in October 2010. Prior to joining, Cyril was part of the Selectium  Read more

Peter Dionisio London Investment Management (European Equities)

Peter Dionisio is a portfolio manager for the Europe High Conviction fund within Lombard Odier Investment Managers (LOIM)’s Equities Group. He joined in February 2011. Prior to joining, Peter was a generalist  Read more

GENERAL INFORMATION

Overview

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

Latest Data

Performance YTD 2.05% 17.01.2020
Total Assets (all classes) in mn CHF 1133.05 31.12.2019
Assets (share class) in mn CHF 7.30 31.12.2019
NAV (CHF) 13.37 17.01.2020
Highest - Last 12 months 13.37 17.01.2020
Lowest - Last 12 months 10.76 28.01.2019
Number of positions 37 31.12.2019
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.

PRICES

Period
(Earliest Date: 10.02.2015)
(Latest date: 17.01.2020)

Prices over selected period

Last CHF 13.37 17.01.2020
First CHF 10.00 10.02.2015
Highest CHF 13.37 17.01.2020
Lowest CHF 9.21 11.02.2016

PERFORMANCE & STATISTICS

Statistics (10.02.2015 - 17.01.2020) ¹

( Earliest Date : 10.02.2015)
Go
( Latest date : 17.01.2020)
Fund Benchmark
Total Return 33.66% 25.89%
Annualized Return 6.03% 4.75%
Annualized Volatility 11.18% 11.94%
Sharpe Ratio 0.62 0.47
Downside Deviation 7.49% 8.04%
Positive Months 65.00% 60.00%
Maximum Drawdown -13.85% -16.81%
Fund vs Benchmark
Correlation 0.913
R2 0.834
Alpha 0.16%
Beta 0.855
Tracking Error 4.87%
Information Ratio 0.206
Risk-Free Rate -0.89% Target Rate -0.89%
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 %)

SIG Combibloc GR
3.60%
Inditex
3.50%
Schindler HLD-PC
3.50%
Air Liquide SA
3.40%
SAP SE
3.40%
B&M European
3.30%
Eurofins Scien
3.30%
NOVO NORDISK-B
3.30%
Brenntag Ag
3.20%
Elis SA
3.20%

Sectors (in %)

Consumer discretionary
23.20%
Consumer staples
21.00%
Industrials
12.80%
Information technology
11.10%
Health care
11.00%
Materials
10.00%
Communication services
7.70%
Others (liquid assets incl.)
3.20%

Countries (in %)

France
24.00%
United Kingdom
19.73%
Germany
15.10%
Sweden
10.80%
Switzerland
10.01%
Spain
6.40%
Others
4.56%
Denmark
3.30%
Netherlands
2.90%
Liquid assets
3.20%

Currencies (in %)

EUR
51.91%
GBP
17.34%
SEK
10.77%
CHF
10.03%
DKK
3.25%
NOK
1.51%
HKD
1.38%
USD
0.60%
Others
3.21%

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 EUR 3'000 or equivalent
Management Fee 0.75%
Distribution Fee 0.75%
Performance Fee 15% of outperf. vs MSCI Europe ND

Security Numbers

BLOOMBERG LEHCCPA LX
ISIN LU1183696456
SEDOL GBBVFM3S6
TELEKURS 26896779

Share Quotation

Electronic Media

DOCUMENTATION

Professional investors only Date DE EN FR IT
Newsletter IM - Professional 31.12.2019  
Reporting Date DE EN FR IT
Fact Sheet (marketing document) 31.12.2019
Performance Review 31.12.2019
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 28.03.2019    
Notice to Shareholders 10.12.2018    
Notice to Shareholders 17.09.2019      
Notice to Shareholders 30.01.2018    
Key Investor Information Document 11.01.2019
Prospectus 15.11.2019  
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) 15.10.2019