LO Funds (CH)
Global Government Fundamental Long Duration

ISINCH0185261655

General information

Morningstar
Asset Class Fixed Income
Category Government
Share Class reference currency CHF Hedged
Benchmark FTSE World Government Bond Index 7+ Years (CHF hedged)
Dividend Policy Distribution
Total Assets (all classes) in mn CHF 377.93 31.03.2020
Assets (share class) in mn CHF 24.04 31.03.2020
Number of positions 306 31.03.2020
TER 0.07% 31.01.2020

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 27.04% 43.46%
Annualized Return 3.12% 4.74%
Annualized Volatility 5.60% 5.51%
Sharpe Ratio 0.67 0.98
Downside Deviation 3.31% 2.89%
Positive Months 54.74% 55.79%
Maximum Drawdown -9.74% -8.84%
*  Risk-Free Rate -0.64% Target Rate -0.64%
Calculations based on monthly time series
Earliest Date: 28.06.2012, Latest date: 02.04.2020
Fund vs Benchmark
Correlation 0.967
R2 0.934
Alpha -0.12%
Beta 0.983
Tracking Error 1.44%
Information Ratio -1.066

Highlights

  • LO Funds (CH) – Global Government Fundamental Long Duration is a long only global sovereign bond fund launched in December 2010.
  • The Fund is actively managed. The FTSE World Government Bond Index 7+ Years is used for performance and internal risk indicators comparison.
  • The Fund invests mainly in OECD sovereign bonds with a maturity above 7 years applying a best-in-class approach to Sustainable investing. It seeks to achieve higher risk-adjusted returns to widely used market-cap indices over the long term. The investment approach is two-fold: a disciplined analysis which differs from a traditional market-cap approach by allocating to countries based on macroeconomic indicators including extra financial data (i.e. ESG) ; and a fundamental sovereign analysis aiming to further mitigate countries’ default and investability risks as well as identify potential opportunities taking into account financial and extra-financial information. Risk management is performed by fund managers at a portfolio level, alongside independent teams who oversee investment risks and operational risks.

Breakdowns

Credit Ratings (in %)

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

Maturities (in %)

7 to 10 years 0.00%
10 to 20 years 0.00%
Over 20 years 0.00%
Liquid assets 0.00%

Countries (in %)

United States 0.00%
Germany 0.00%
Norway 0.00%
Japan 0.00%
South Korea 0.00%
Slovenia 0.00%
Czech Republic 0.00%
Sweden 0.00%
Denmark 0.00%
Others 0.00%

Currencies (in %)

EUR 0.00%
USD 0.00%
NOK 0.00%
JPY 0.00%
KRW 0.00%
CZK 0.00%
SEK 0.00%
DKK 0.00%
CAD 0.00%
Others 0.00%

Managers

Yannik Zufferey Head of Fixed Income
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Salman Ahmed Fundamental Fixed Income
Read more
Nic Hoogewijs Fundamental Fixed Income
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Vincent Megard Fundamental Fixed Income
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André Kayisire Investment Management (Macro and 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 and redemptions dealing charge (LC) 0.05%
NAV valuation point T
NAV calculation day T+1
NAV calculation frequency Daily
Minimum Investment Under IMA
Management Fee 0.00%
Distribution Fee 0.00%

Security Numbers

BLOOMBERG LODOMHZ SW
ISIN CH0185261655
REUTERS 18526165X.CHE
SEDOL GBBYVXZ55
TELEKURS 18526165

Prices

Export

Prices over selected period

Last CHF 0.00 02.04.2020
First CHF 0.00 28.06.2012
Highest CHF 0.00 08.07.2016
Lowest CHF 0.00 19.11.2018
* Earliest Date: 28.06.2012, Latest date: 02.04.2020

Documents

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