LO Funds
Global Climate Bond

ISINLU1490630644

General information

Morningstar
Asset Class Fixed Income
Category Aggregate
Share Class reference currency USD
Benchmark Barclays Global Aggregate Unhedged (USD)
Dividend Policy Accumulated
Total Assets (all classes) in mn USD 520.58 31.08.2020
Assets (share class) in mn USD 12.17 31.08.2020
Number of positions 169 31.08.2020
TER 0.57% 31.03.2020

Documents

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

Risk rating

Lower risk Higher risk
1
2
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5
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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 17.58% 19.69%
Annualized Return 4.65% 5.17%
Annualized Volatility 4.14% 4.00%
Sharpe Ratio 0.70 0.85
Downside Deviation 2.55% 2.26%
Positive Months 62.79% 60.47%
Maximum Drawdown -5.57% -4.76%
*  Risk-Free Rate 1.77% Target Rate 1.77%
Calculations based on monthly time series
Earliest Date: 01.03.2017, Latest date: 17.09.2020
Fund vs Benchmark
Correlation 0.958
R2 0.918
Alpha -0.04%
Beta 0.993
Tracking Error 1.19%
Information Ratio -0.420

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.

Breakdowns

Issuer Type (in %)

Government Agencies 0.00%
Corporate Bonds - IG 0.00%
Municipal/Provincial Bonds 0.00%
Government Bonds 0.00%
Corporate Bonds - Sub IG 0.00%
Liquid assets 0.00%

Credit Ratings (in %)

AAA 0.00%
AA 0.00%
A 0.00%
BBB 0.00%
Below BB 0.00%
Liquid assets 0.00%

Maturities (in %)

3 to 5 years 0.00%
7 to 10 years 0.00%
5 to 7 years 0.00%
1 to 3 years 0.00%
More Than 10 Years 0.00%
0 to 1 year 0.00%
Others 0.00%

Currencies (in %)

USD 0.00%
EUR 0.00%
JPY 0.00%
GBP 0.00%
CAD 0.00%
AUD 0.00%
MYR 0.00%
CNY 0.00%
Others 0.00%
NOK 0.00%

Managers

Affirmative Investment Management

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

Prices

Export

Prices over selected period

Last USD 0.00 17.09.2020
First USD 0.00 01.03.2017
Highest USD 0.00 01.09.2020
Lowest USD 0.00 09.03.2017
* Earliest Date: 01.03.2017, Latest date: 17.09.2020

Documents

Professional investors only

Newsletter IM - Professional
31.08.2020

Reporting

Performance Review
31.08.2020
Fact Sheet (marketing document)
31.08.2020

Legal Documents

Prospectus
03.08.2020
Notice to Shareholders
03.06.2020
Semi-Annual Report
31.03.2020
Key Investor Information Document
16.03.2020
Annual Report
30.09.2019
Articles of incorporation
21.03.2019

Retail investors

Reasons to invest (Retail)
28.05.2020