fund details.

LO Funds

Ultra Low Duration (USD) I A

HIGHLIGHTS

LO Funds - Ultra Low Duration (USD) is an actively managed fixed income portfolio which launched in May 2017. The strategy invests mainly in: bonds denominated in any currency; public and private issuers (with a minimum rating of BBB-); securitised products such as asset-back securities, residential mortgage backed securities and commercial mortgage backed securities (with a minimum rating of BBB-); money market instruments; and financial derivative instruments such as interest rate swaps, futures on rates and FX forwards. Currency risk is systematically hedged against the USD. The strategy adopts a conservative investment approach and strict risk controls, with the aim of providing investors with regular income, a high level of liquidity and returns in line with the FTSE 6 Months US Dollar Eurodeposit in USD terms index. The strategy has a maximum duration of one year and a maximum credit spread duration of two years. It is restricted from investing in securities with a maturity of more than three years and amortising securitised products with a weighted average life over one year. Risk management is performed by fund managers; in addition, automated, pre-trade compliance checks are performed, and independent teams oversee investment risks and operational risks.

MANAGERS

Manager Profiles

David Callahan Genève Investment Management (Money Markets)

David Callahan is head of the Cash Solutions team within Lombard Odier Investment Managers (LOIM)’s Fixed Income & Currencies Group. He joined in September 2009 as a money market portfolio manager. Prior  Read more

Florian Helly Genève Investment Management (Money Markets)

Florian Helly is portfolio manager in the Cash Solutions team within LOIM’s Fixed Income & Currencies Group. He joined in June 2010. Prior to joining, Florian was a sales person in fixed income/structured  Read more

GENERAL INFORMATION

Overview

Asset Class Fixed Income
Category -
Share Class reference currency USD
Benchmark FTSE 6-Months US Dollar Eurodeposit in USD
Dividend Policy Accumulated

Latest Data

Performance YTD 2.94% 10.12.2019
Total Assets (all classes) in mn USD 110.04 30.11.2019
Assets (share class) in mn USD 34.95 30.11.2019
NAV (USD) 10.62 10.12.2019
Highest - Last 12 months 10.62 10.12.2019
Lowest - Last 12 months 10.31 12.12.2018
Number of positions 54 30.11.2019
TER 0.31% 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: 09.05.2017)
(Latest date: 10.12.2019)

Prices over selected period

Last USD 10.62 10.12.2019
First USD 10.00 09.05.2017
Highest USD 10.62 10.12.2019
Lowest USD 10.00 10.05.2017

PERFORMANCE & STATISTICS

Statistics (09.05.2017 - 10.12.2019) ¹

( Earliest Date : 09.05.2017)
Go
( Latest date : 10.12.2019)
Fund Benchmark
Total Return 6.25% 5.59%
Annualized Return 2.36% 2.11%
Annualized Volatility - -
Sharpe Ratio - -
Downside Deviation 0.13% 0.13%
Positive Months 100.00% 100.00%
Maximum Drawdown 0.00% 0.00%
Fund vs Benchmark
Correlation 0.859
R2 0.738
Alpha -0.03%
Beta 1.287
Tracking Error 0.14%
Information Ratio 1.675
Risk-Free Rate 2.03% Target Rate 2.03%
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

Credit Ratings Fitch (in %)

AAA
0.90%
AA
11.10%
A
50.80%
BBB
35.50%
BB
1.80%
Not rated
0.00%

Maturities (in %)

Overnight
17.80%
2 to 7 days
3.30%
8 to 30 days
11.90%
31 to 60 days
2.40%
61 to 90 days
5.70%
91 to 180 days
9.60%
181 to 365 days
11.50%
366 to 396 days
3.80%
397 days to 2 years
21.60%
More than 2 years
12.30%

Portfolio Breakdown (in %)

Financials
69.50%
Consumer, Cyclical
9.90%
Industrials
5.00%
Consumer, Non-Cyclical
4.80%
Government
4.20%
Basic Materials
2.80%
Utilities
1.70%
Asset Backed Securities
0.90%
Mortgage Securities
0.90%
Technology
0.40%

Corporate sectors (in %)

Banks
52.00%
Diversified Finan Serv
17.50%
Auto Manufacturers
6.80%
Food
4.80%
Sovereign
4.20%
Machinery-Diversified
3.80%
Airlines
3.00%
Chemicals
2.40%
Electric
1.70%
Miscellaneous Manufactur
1.30%

SECURITY NUMBERS

Dealing

Subscriptions and redemptions frequency Daily
Subscriptions and redemptions cut-off day T
Subscriptions and redemptions cut-off time 14:00 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 0.25%
Distribution Fee 0.00%

Security Numbers

BLOOMBERG LOULUIA LX
ISIN LU1577897835
TELEKURS 35946333

Share Quotation

Electronic Media

DOCUMENTATION

Reporting Date DE EN FR IT
Fact Sheet 30.11.2019
Performance Review 30.11.2019
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 30.09.2019    
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 09.09.2019  
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