LO Funds
Ultra Low Duration (USD)

ISINLU1577897835

General information

Asset Class Fixed Income
Category Ultra Low Duration
Share Class reference currency USD
Benchmark FTSE 6-Months US Dollar Eurodeposit in USD
Dividend Policy Accumulated
Total Assets (all classes) in mn USD 157.97 30.04.2020
Assets (share class) in mn USD 56.49 30.04.2020
Number of positions 55 30.04.2020
TER 0.31% 30.09.2019

Documents

KIID
Prospectus
Fact Sheet (marketing document)
Reasons to invest (Retail)

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 7.15% 6.43%
Annualized Return 2.28% 2.06%
Annualized Volatility 0.51% 0.15%
Sharpe Ratio 0.62 0.62
Downside Deviation 0.42% 0.10%
Positive Months 97.30% 100.00%
Maximum Drawdown -0.56% 0.00%
*  Risk-Free Rate 1.96% Target Rate 1.96%
Calculations based on monthly time series
Earliest Date: 09.05.2017, Latest date: 26.05.2020
Fund vs Benchmark
Correlation 0.327
R2 0.107
Alpha 0.00%
Beta 1.087
Tracking Error 0.48%
Information Ratio 0.453

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.

Breakdowns

Credit Ratings Fitch (in %)

AAA 0.00%
AA 0.00%
A 0.00%
BBB 0.00%
BB 0.00%
Not rated 0.00%

Maturities (in %)

Overnight 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%
366 to 396 days 0.00%
397 days to 2 years 0.00%
More than 2 years 0.00%

Portfolio Breakdown (in %)

Financials 0.00%
Consumer, Cyclical 0.00%
Mortgage Securities 0.00%
Government 0.00%
Energy 0.00%
Basic Materials 0.00%
Industrials 0.00%
Communications 0.00%
Consumer, Non-Cyclical 0.00%
Asset Backed Securities 0.00%

Corporate sectors (in %)

Banks 0.00%
Real estate 0.00%
Diversified Finan Serv 0.00%
Auto Manufacturers 0.00%
WL Collateral CMO 0.00%
Sovereign 0.00%
Chemicals 0.00%
Distribution/wholesale 0.00%
Oil&gas Services 0.00%
Telecommunications 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+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

Prices

Export

Prices over selected period

Last USD 0.00 26.05.2020
First USD 0.00 09.05.2017
Highest USD 0.00 26.05.2020
Lowest USD 0.00 10.05.2017
* Earliest Date: 09.05.2017, Latest date: 26.05.2020

Documents

Reporting

Fact Sheet (marketing document)
30.04.2020
Performance Review
30.04.2020

Legal Documents

Notice to Shareholders
24.04.2020
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

Retail investors

Reasons to invest (Retail)
07.04.2020