LO Funds (CH)
Swiss Franc Credit Bond

ISINCH0036283031

General information

Morningstar
Asset Class Fixed Income
Category Credit
Share Class reference currency CHF
Benchmark SBI Total A-BBB®
Dividend Policy Distribution
Total Assets (all classes) in mn CHF 1430.98 31.03.2020
Assets (share class) in mn CHF 568.50 31.03.2020
Number of positions 447 29.02.2020
TER 0.08% 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 43.37% 31.83%
Annualized Return 3.08% 2.35%
Annualized Volatility 3.70% 3.11%
Sharpe Ratio 0.89 0.83
Downside Deviation 2.91% 2.26%
Positive Months 72.73% 70.63%
Maximum Drawdown -9.44% -6.65%
*  Risk-Free Rate -0.22% Target Rate -0.22%
Calculations based on monthly time series
Earliest Date: 02.06.2008, Latest date: 02.04.2020
Fund vs Benchmark
Correlation 0.942
R2 0.888
Alpha 0.04%
Beta 1.120
Tracking Error 1.29%
Information Ratio 0.557

Highlights

LO Funds (CH) - Swiss Franc Credit Bond is an actively managed portfolio. Its long-only fixed income strategy has been in place since June 2008. 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 A-BBB® index (registered trademark of SIX Swiss Exchange AG) over the long-term. The investment approach focuses on several sources of performance including the level of credit risk, the sectorial and geographical allocation as well as the issuers and issues selection. The duration is kept in line with the one of the benchmark. 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 %)

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%
Agency 0.00%
Local Authority 0.00%
Liquid assets 0.00%
Supranational 0.00%
Covered 0.00%
Securitized 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) 0.45%
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 LOISCBZ SW
ISIN CH0036283031
REUTERS 3628303X.CHE
SEDOL GBBW9H6F2
TELEKURS 3628303

Prices

Export

Prices over selected period

Last CHF 0.00 02.04.2020
First CHF 0.00 02.06.2008
Highest CHF 0.00 20.04.2015
Lowest CHF 0.00 29.10.2008
* Earliest Date: 02.06.2008, 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