LO Funds
Short
Term Money Market (EUR)

ISINLU1577896191

General information

Asset Class Fixed Income
Category Money Market
Share Class reference currency EUR
Benchmark FTSE 1-Month Euro Eurodeposit in EUR
Dividend Policy Accumulated
Total Assets (all classes) in mn EUR 497.33 31.03.2020
Assets (share class) in mn EUR 43.41 31.03.2020
Number of positions 40 31.03.2020
TER 0.13% 30.09.2019

Documents

KIID
Prospectus
Fact Sheet (marketing document)

Risk rating

Lower risk Higher risk
1
2
3
4
5
6
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 5.06% 3.50%
Annualized Return 0.41% 0.29%
Annualized Volatility 0.32% 0.33%
Sharpe Ratio -0.12 -0.49
Downside Deviation 0.15% 0.17%
Positive Months 56.94% 54.86%
Maximum Drawdown -1.57% -2.11%
*  Risk-Free Rate 0.45% Target Rate 0.45%
Calculations based on monthly time series
Earliest Date: 01.05.2008, Latest date: 03.04.2020
Fund vs Benchmark
Correlation 0.985
R2 0.969
Alpha 0.01%
Beta 0.962
Tracking Error 0.06%
Information Ratio 2.143

Highlights

LO Funds - Short-Term Money Market (EUR) is a conservatively managed cash strategy launched in September 2005. The strategy invests in high quality (at least one top short-term rating) short-term money market instruments such as commercial paper, certificates of deposit, time deposits, fixed rate bonds and floating-rate notes within strict diversification rules and maturity limits. In addition, weighted average maturity (WAM) and weighted average life (WAL) are respectively limited to 60 days and 120 days. It aims to offer investors capital preservation, high liquidity, and returns in line with the FTSE 1 Month Euro Eurodeposit in EUR terms index. Risk management is based on a combination of guideline compliance monitoring and liquidity stress test scenarios. The approach follows the conservative European Securities and Markets Authority (ESMA) guidelines for Short-Term Money Market funds.

Breakdowns

Credit Ratings Fitch (in %)

F1+ 0.00%
F1 0.00%
F2 0.00%
F3 0.00%
Not rated 0.00%

Maturities (in %)

Overnight 0.00%
2 to 7 days 0.00%
8 to 30 days 0.00%
31 to 60 days 0.00%
61 to 90 days 0.00%
91 to 180 days 0.00%
181 to 365 days 0.00%

Countries (in %)

France 0.00%
United States 0.00%
United Kingdom 0.00%
China 0.00%
Ireland 0.00%
Qatar 0.00%
Germany 0.00%
Luxembourg 0.00%
Netherlands 0.00%
Others 0.00%

Currencies (in %)

EUR 0.00%

Managers

David Callahan Investment Management (Money Markets)
Read more
Florian Helly Investment Management (Money Markets)
Read more

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+1
NAV valuation point T
NAV calculation day T
NAV calculation frequency Daily
Minimum Investment CHF 1'000'000 or eq
Management Fee 0.07%
Distribution Fee 0.00%

Security Numbers

BLOOMBERG LOSTEIA LX
ISIN LU1577896191
SEDOL GBBZ8VKF4
TELEKURS 35933934

Prices

Export

Prices over selected period

Last EUR 0.00 03.04.2020
First EUR 0.00 01.05.2008
Highest EUR 0.00 31.10.2014
Lowest EUR 0.00 01.05.2008
* Earliest Date: 01.05.2008, Latest date: 03.04.2020

Documents

Reporting

Weekly Investor Report
30.03.2020
Performance Review
29.02.2020
Fact Sheet (marketing document)
29.02.2020

Legal Documents

Notice to Shareholders
25.03.2020
Key Investor Information Document
10.02.2020
Prospectus
17.01.2020
Annual Report
30.09.2019
Semi-Annual Report
31.03.2019
Articles of incorporation
21.03.2019