[1] LOIM, Bloomberg. As at October 2025. Past performance is not a guarantee of future results. Strategy performance is based on a composite, starting from 2 July 2008. Composite performance serves as indicative performance of the strategy.
[2]
| |
Annual composite and benchmark performance and statistics |
| |
|
Composite return % |
Benchmark returns % |
Number of portfolios |
Internal dispersion % |
Composite market value |
% of firm’s assets |
Standard deviation (ann.), 3 years, composite |
Standard deviation (ann.), 3 years, benchmark |
| |
YTD |
1.69 |
1.04 |
2 |
|
1,876 |
3.91 |
2.66 |
2.23 |
| |
2024 |
7.54 |
5.03 |
2 |
|
1,814 |
3.72 |
5.05 |
3.96 |
| |
2023 |
7.27 |
5.80 |
2 |
|
1,284 |
2.71 |
4.87 |
3.80 |
| |
2022 |
-10.36 |
-9.52 |
2 |
|
1,701 |
3.52 |
7.36 |
5.22 |
| |
2021 |
0.77 |
-0.15 |
2 |
|
1,934 |
3.33 |
6.14 |
4.32 |
| |
2020 |
1.03 |
0.37 |
2 |
|
2,020 |
3.87 |
6.12 |
4.28 |
| |
2019 |
5.10 |
2.81 |
2 |
|
1,877 |
4.19 |
1.54 |
1.60 |
| |
2018 |
-0.45 |
-0.41 |
2 |
|
1,655 |
4.49 |
1.29 |
1.28 |
| |
2017 |
1.77 |
0.75 |
2 |
|
1,648 |
4.12 |
1.75 |
1.50 |
| |
2016 |
2.40 |
1.37 |
2 |
|
1,699 |
5.03 |
1.82 |
1.55 |
| |
2015 |
1.21 |
0.73 |
2 |
|
1,851 |
5.13 |
2.05 |
1.67 |
Risk statistics are calculated with monthly composite and benchmark returns. Risk-free rate: compounded return of the FTSE 3-month Eurodeposit Index from inception to 31/08/23, then JPM 3-Month Cash Index from 01/09/23 in the relevant reporting currency. Composite and Benchmark 3 year volatility is, at each end-of-period, the Composite/Benchmark annualised volatility calculated on the prior 36 month data series. 3-year volatility is presented only if there are 36 or more monthly returns available. Internal Dispersion of individual portfolio returns are only present for calendar years when there are 5 or more portfolios in the composite for the full year. Sharpe Ratio: ratio of the composite returns in excess of the risk-free rate of relative returns Tracking Error: annualized standard deviation of monthly difference between composite and benchmark returns Information Ratio: ratio of the composites excess returns over the Tracking Error Gross returns were used to calculate all risk measures presented in the GIPS Composite Report.
Composite and Benchmark Definition
The strategy invests into CHF-denominated corporate and credit bonds with an SBI rating between A and BBB. The strategy uses financial derivative instruments not only for hedging purposes or for EPM, but also as part of the investment strategy, subject to pre-defined limits. The composite leverage at year end was: 2016- 18.72%, 2017- 63%, 2018- 86.17%, 2019- 83.85%, 2020- 225.59%, 2021- 296.90%, 2022- 196.48%, 2023- 122.62% and 2024- 68.09% for the Swiss Franc Credit Bond (Foreign). The composite benchmark is a portfolio-weighted average of the included portfolios’ own benchmarks, rebalanced monthly using the beginning-of-month portfolio market value. The individual portfolio benchmarks include sub-indices for every asset class they are invested in. The total average composite weight of each index in the composite benchmark as at the latest year-end is disclosed below. Indices used are the SBI Domestic A-BBB TR and the SBI Foreign A-BBB TR. Base currency is CHF.
Management Fees and Other Information
All returns are presented gross of fund total expense ratio. The maximum TER for this strategy is 0.95% based on the PA share class (investment above CHF 1 million), with a management fee of 0.35%. All accounts in this composite are charge in the same manner. Withholding taxes on dividends and interest are presented from a Swiss institutional investor’s point of view, whereby the Swiss recoverable withholding tax is added back to performance. Further information on calculation methodologies and composite management procedures is available upon request.
GIPS Firm definition
Lombard Odier Investment Managers (LOIM), the institutional asset management unit of Lombard Odier worldwide comprising all discretionary institutional mandates and all Lombard Odier public investment funds managed at the LOIM unit, but excluding Private Equity mandates and funds and the 1798 Hedge Fund family (as of 01.01.2013) as subject to a different management process. LOIM Exchange Traded Funds (ETF's) have been included since launch in April 2015.
Past performance
Past performance is no guarantee for future results.
Firm definition
The firm definition was recently changed by mentioning the non-inclusion of the LOIM Private Equity portfolios and the exclusion of the 1798 Hedge Fund family as of January 1, 2013. This change was done for accuracy purposes and involves no change in the composite list or no material change in the assets under management figures.
Significant Cash Flow Policy
The firm applied a Significant Cash Flow Policy for this composite until December 31, 2010 whereby portfolios were temporarily excluded from the composite on any significant cash flow occurrence. This practice was abandoned on January 1, 2011 and no portfolios were excluded for significant cash flow reasons as of that date.
[3] For illustrative purposes only. Peer group comprises 37 actively managed Swiss bond funds and four market indices that represent passive solutions. For peers with a shorter track record, we supplemented the missing data with the track record of our Siss France Credit Bond strategy. The peer group methodology cited herein is provided for information purposes only and may be subject to change over time. No fund/benchmark/index is directly comparable to the investing objectives, strategy or universe of our fund. This document has been prepared by LOIM employees who are encouraged to raise assets for their strategy and may have a conflict of interest. Information relating to peer group methodology is available on request.
[4] This summary risk indicator (SRI) is a guide to the level of risk of this product compared to other products. Where there are less than 5 years worth of data, missing returns are simulated using an appropriate benchmark. The SRI may change overtime and should not be used as an indicator of future risk or returns. Even the lowest risk classification does not imply that the Sub-Fund is risk-free or that capital is necessarily guaranteed or protected.
The Swiss Franc Credit Bond strategy is actively managed. Its long-only fixed income strategy has been in place since June 2nd 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 Total 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.
The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you.
This product does not include any protection from future market performance so you could lose some or all of your investment.
If we are not able to pay you what is owed, you could lose your entire investment. The following risks may be materially relevant but may not always be adequately captured by the synthetic risk indicator and may cause additional loss:
Credit risk: A significant level of investment in debt securities or risky securities implies that the risk of, or actual, default may have a material impact on performance. The likelihood of this depends on the credit-worthiness of the issuers.
Liquidity risk: Where a significant level of investment is made in financial instruments that may under certain circumstances have a relatively low level of liquidity, there is a material risk that the strategy will not be able to transact at advantageous times or prices. This could reduce returns.
Risks linked to the use of derivatives and financial techniques: Derivatives and other financial techniques used substantially to obtain, increase or reduce exposure to assets may be difficult to value, may generate leverage, and may not yield the anticipated results. All of this could be detrimental to performance.
Concentration risk: To the extent that the strategy's investments are concentrated in a particular country, market, industry, sector or asset class, the strategy may be susceptible to loss due to adverse occurrences affecting that country, market, industry, sector or asset class.
There can be no assurance that a return will be achieved or that a substantial loss of capital will not be incurred. Before taking any investment decision, please read the latest version of the prospectus, the articles of incorporation, the Key Information Documents (KIDs) and the latest annual report and semi-annual report. Please pay attention to the Appendix B “Risk Factors Annex” of the prospectus.
[5] LOIM. For illustrative purposes only.
[6] The ex-ante tracking error is an internal target and is not part of the investment objective of the fund disclosed in the Prospectus/PPM. It is not guaranteed and may not be achieved. Ex-ante tracking error is based on risk models. Actual tracking error will vary from our model depending on market circumstances and individual stocks performance. The fund is not a guaranteed product, and capital may be at risk. Tax treatment depends on the individual circumstances of each investor and may change over time. Performance may also be affected by currency fluctuations. Additional information on assumptions, data, and scenario analysis is available upon request.
[7] Holdings and/or allocations are subject to change.
[8] Bloomberg, LOIM as of October 2025. For illustrative purpose only.
