fund details.

LO Funds

Global Climate Bond, (USD) N A

HIGHLIGHTS

LO Funds – Global Climate Bond is a global fixed income strategy focusing on climate bonds. Launched in March 2017, the fund is managed by a partnership between Affirmative Investment Management (AIM), a dedicated green and impact bond fund management company, and Lombard Odier’s Impact Office. The Fund invests primarily in a selection of labelled green bonds. These are bonds issued by sovereigns, municipalities, multilateral organisations, financial institutions and corporations to raise finance that is earmarked for specific projects that either mitigate or help the world adapt to the effects of climate change. Green bonds are backed by strict use-of-proceeds and impact reporting protocols. In addition to green bonds, the Fund also invests in bonds that are carefully selected from the broader non-labelled climate-aligned bond market. The fund adopts a robust approach to investing in this broader universe, with the investment team evaluating the issuer as well as the bond; integrating environmental, social and governance criteria into the fundamental credit analysis of both bond and issuer; reviewing and monitoring the process of management and disbursement of proceeds; and requiring full impact reporting on use of proceeds.

MANAGERS

Manager Profiles

Affirmative Investment Management

GENERAL INFORMATION

Overview

Asset Class Fixed Income
Category -
Share Class reference currency USD
Benchmark Barclays Global Aggregate Unhedged (USD)
Dividend Policy Accumulated

Latest Data

Performance YTD -0.33% 19.02.2020
Total Assets (all classes) in mn USD 344.35 31.01.2020
Assets (share class) in mn USD 10.43 31.01.2020
NAV (USD) 11.13 19.02.2020
Highest - Last 12 months 11.27 31.01.2020
Lowest - Last 12 months 10.57 05.03.2019
Number of positions 124 31.01.2020
Duration in Years 5.33 31.01.2020
TER 0.57% 30.09.2019

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: 01.03.2017)
(Latest date: 19.02.2020)

Prices over selected period

Last USD 11.13 19.02.2020
First USD 10.00 01.03.2017
Highest USD 11.27 31.01.2020
Lowest USD 9.93 09.03.2017

PERFORMANCE & STATISTICS

Statistics (01.03.2017 - 19.02.2020) ¹

( Earliest Date : 01.03.2017)
Go
( Latest date : 19.02.2020)
Fund Benchmark
Total Return 11.34% 12.87%
Annualized Return 3.66% 4.14%
Annualized Volatility 3.70% 3.71%
Sharpe Ratio 0.46 0.59
Downside Deviation 2.31% 2.19%
Positive Months 58.33% 55.56%
Maximum Drawdown -5.57% -4.76%
Fund vs Benchmark
Correlation 0.958
R2 0.919
Alpha -0.02%
Beta 0.957
Tracking Error 1.07%
Information Ratio -0.432
Risk-Free Rate 1.96% Target Rate 1.96%
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

Issuer Type (in %)

Government Agencies
44.39%
Corporate Bonds - IG
36.29%
Municipal/Provincial Bonds
13.00%
Corporate Bonds - Sub IG
1.80%
Government Bonds
1.23%
Liquid assets
3.29%

Credit Ratings (in %)

AAA
39.86%
AA
23.53%
A
16.78%
BBB
14.74%
Below BB
1.80%
Liquid assets
3.29%

Maturities (in %)

5 to 7 years
27.61%
7 to 10 years
22.10%
3 to 5 years
17.88%
1 to 3 years
13.53%
More Than 10 Years
10.22%
0 to 1 year
5.37%
Others
3.29%

Currencies (in %)

USD
39.48%
EUR
27.02%
JPY
10.44%
GBP
6.61%
CAD
4.28%
Others
3.16%
MYR
2.91%
AUD
2.56%
NOK
1.85%
SEK
1.69%

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 0.40%
Distribution Fee 0.00%

Security Numbers

BLOOMBERG LOGCBIU LX
ISIN LU1490630644
SEDOL GBBYZNFC8
TELEKURS 33890100

Share Quotation

Electronic Media

DOCUMENTATION

Professional investors only Date DE EN FR IT
Newsletter IM - Professional 31.01.2020    
Reporting Date DE EN FR IT
Fact Sheet (marketing document) 31.01.2020
Performance Review 31.01.2020
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 29.01.2020    
Notice to Shareholders 10.12.2018    
Notice to Shareholders 17.09.2019      
Notice to Shareholders 30.01.2018    
Key Investor Information Document 10.02.2020
Prospectus 17.01.2020  
Annual Report 30.09.2019  
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