fund details.

LO Funds (CH)

Swiss Cap (ex-SMI®) P D

HIGHLIGHTS

LO Funds (CH) - Swiss Cap (ex-SMI ®) is an actively managed portfolio. Its long-only Swiss equity strategy has been in place since September 1996. It invests primarily in small and midcap Swiss equity securities. It seeks to outperform the SPI Extra TR® index (registered trademark of SIX Swiss Exchange AG) over the long-term. The investment approach is bottom-up and based on rigorous fundamental research seeking to identify leading firms with clear competitive advantages, proven management, core competencies and above average growth perspectives. The portfolio is composed of around 35 positions, well balanced between cyclical, growth and value stocks. In periods of a stagnant economic environment, the fund can rebalance a certain proportion of its investments towards larger capitalizations. 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

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 Switzerland
Share Class reference currency CHF
Benchmark SPI Extra TR®
Dividend Policy Distribution
Distribution November

Latest Data

Performance YTD 23.38% 12.09.2019
Total Assets (all classes) in mn CHF 276.02 31.08.2019
Assets (share class) in mn CHF 78.89 31.08.2019
NAV (CHF) 730.40 12.09.2019
Highest - Last 12 months 742.77 04.07.2019
Lowest - Last 12 months 579.47 27.12.2018
Number of positions 36 31.08.2019
TER 1.70% 31.01.2019

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
Trophée Bilan Europerformance 2006 2nd place/80 2006 Swiss Equities
Trophée Bilan Europerformance 2007 2nd place 2007 Swiss Equities
Trophée Bilan Europerformance 2008 2nd place 2008 Swiss Equity Funds
Lipper 2007 1st place 2007 Equity Switzerland Small and Mid Caps
Lipper 2005 1st place 2005 Equity Small Cap Switzerland
Lipper 2008 1st place 2008 Equity Switzerland Small and Mid Caps
Lipper 2011 1st place/14 2011 Equity Switzerland Small and Mid Caps

PRICES

Period
(Earliest Date: 02.09.1996)
(Latest date: 12.09.2019)

Prices over selected period

Last CHF 730.40 12.09.2019
First CHF 100.00 02.09.1996
Highest CHF 754.12 09.08.2018
Lowest CHF 97.51 12.03.2003

PERFORMANCE & STATISTICS

Statistics (02.09.1996 - 12.09.2019) ¹

( Earliest Date : 02.09.1996)
Go
( Latest date : 12.09.2019)
Fund Benchmark
Total Return 752.06% 751.99%
Annualized Return 9.71% 9.71%
Annualized Volatility 18.42% 16.36%
Sharpe Ratio 0.49 0.55
Downside Deviation 13.01% 11.58%
Positive Months 66.79% 66.79%
Maximum Drawdown -66.70% -58.24%
Fund vs Benchmark
Correlation 0.952
R2 0.906
Alpha -0.03%
Beta 1.072
Tracking Error 5.77%
Information Ratio 0.036
Risk-Free Rate 0.71% Target Rate 0.71%
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 %)

Partners Group
8.50%
Lindt & Sprüngli
7.10%
Temenos
5.70%
Schindler
5.00%
Swiss Prime Site
4.70%
Sonova Holding
4.60%
Baloise
4.20%
Barry Callebaut
4.20%
BCV
3.50%
Helvetia
3.50%

Sectors (in %)

Financials
27.20%
Industrials
21.00%
Health care
15.10%
Consumer staples
11.20%
Information technology
10.30%
Real Estate
7.90%
Consumer discretionary
2.40%
Others (liquid assets incl.)
2.10%
Communication services
1.90%
Utilities
0.90%

Countries (in %)

Switzerland
95.90%
Austria
2.00%
Liquid assets
2.10%

Currencies (in %)

CHF
100.00%

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 One share
Management Fee 0.75%
Distribution Fee 0.75%

Security Numbers

BLOOMBERG DHSWISI SW
ISIN CH0005067829
REUTERS 506782X.CHE
SEDOL GBB9L58Z7
TELEKURS 506782

Share Quotation

Electronic Media

DOCUMENTATION

Professional investors only Date DE EN FR IT
Newsletter IM - Professional 31.08.2019      
Reporting Date DE EN FR IT
Fact Sheet 31.08.2019
Performance Review 31.08.2019
Legal Documents Date DE EN FR IT
Key Investor Information Document 18.01.2019
Prospectus 31.03.2019  
Annual Report 31.07.2018  
Semi-Annual Report 31.01.2019