LO Funds (CH)
Swiss Franc Bond

ISINCH0116771152

General information

Morningstar
Asset Class Fixed Income
Category Aggregate
Share Class reference currency CHF
Benchmark SBI Total AAA-BBB®
Dividend Policy Distribution
Total Assets (all classes) in mn CHF 427.18 31.03.2020
Assets (share class) in mn CHF 68.47 31.03.2020
Number of positions 899 29.02.2020
TER 0.59% 31.01.2020

Documents

KIID
Prospectus
Fact Sheet (marketing document)
Newsletter IM - Professional

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 33.67% 37.60%
Annualized Return 2.26% 2.49%
Annualized Volatility 3.69% 3.27%
Sharpe Ratio 0.61 0.75
Downside Deviation 2.85% 2.11%
Positive Months 66.24% 61.78%
Maximum Drawdown -9.54% -5.96%
*  Risk-Free Rate 0.02% Target Rate 0.02%
Calculations based on monthly time series
Earliest Date: 26.04.2007, Latest date: 02.04.2020
Fund vs Benchmark
Correlation 0.912
R2 0.831
Alpha -0.02%
Beta 1.029
Tracking Error 1.52%
Information Ratio -0.143

Highlights

LO Funds (CH) - Swiss Franc Bond is an actively managed portfolio. Its long-only fixed income strategy has been in place since April 2007. It invests mainly in bonds issued by Swiss and foreign public and private issuers, denominated in Swiss francs. It seeks to outperform the SBI Global AAA-BBB® index (registered trademark of SIX Swiss Exchange AG) over the long-term. The investment approach focuses on several sources of performance including the active management of duration, the positioning on the interest rate curve, the allocation between government bonds and credit, the sectorial and geographical allocation as well as the issuers and issues selection. The selection process is backed by robust internal research and combines top-down allocation decisions, complemented by a bottom-up bond selection. Risk management is performed by fund managers, alongside independent teams who manage investment risks and monitor operational risks.

Breakdowns

Credit Ratings (in %)

AAA 0.00%
AA 0.00%
A 0.00%
BBB 0.00%
BB 0.00%
B 0.00%
Not rated 0.00%
Liquid assets 0.00%

Maturities (in %)

Less than 1 year 0.00%
1 to 3 years 0.00%
3 to 5 years 0.00%
5 to 7 years 0.00%
7 to 10 years 0.00%
10 to 20 years 0.00%
More than 20 years 0.00%
Liquid assets 0.00%

Portfolio Breakdown (in %)

Corporate 0.00%
Covered 0.00%
Local Authority 0.00%
Agency 0.00%
Liquid assets 0.00%
Securitized 0.00%
Supranational 0.00%
Treasury 0.00%
Derivatives 0.00%

Corporate sectors (in %)

Financial Institutions 0.00%
Industrials 0.00%
Utilities 0.00%

Managers

Yannik Zufferey Head of Fixed Income
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David Perez, CFA Investment Management (Swiss Fixed Income)
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Markus Thöny Investment Management (Swiss Fixed Income)
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Marc Van Heems, CFA Investment Management (Swiss Fixed Income)
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Philipp Burckhardt Fundamental Fixed Income
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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
Subscriptions dealing charge (LC) 0.20%
NAV valuation point T
NAV calculation day T+1
NAV calculation frequency Daily
Minimum Investment One share
Management Fee 0.20%
Distribution Fee 0.25%

Security Numbers

BLOOMBERG LOISFPD SW
ISIN CH0116771152
REUTERS 11677115X.CHE
TELEKURS 11677115

Prices

Export

Prices over selected period

Last CHF 0.00 02.04.2020
First CHF 0.00 26.04.2007
Highest CHF 0.00 15.08.2019
Lowest CHF 0.00 13.07.2007
* Earliest Date: 26.04.2007, Latest date: 02.04.2020

Documents

Professional investors only

Newsletter IM - Professional
29.02.2020

Reporting

Performance Review
29.02.2020
Fact Sheet (marketing document)
29.02.2020

Legal Documents

Prospectus
19.03.2020
Semi-Annual Report
31.01.2020
Key Investor Information Document
16.01.2020
Annual Report
31.07.2019