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      • investment funds.
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      • LO Funds - Short-Term Money Market (USD) M D

      LO Funds
      Short
      Term Money Market (USD)

      M D
        ISINLU0866429482

        LO Funds - Short-Term Money Market (USD) M D

        ISINLU0866429482
        funds listsustainability report

        General information

        Asset ClassFixed Income
        CategoryMoney Market
        StrategyMoney Market
        Fund base currencyUSD
        Share Class reference currencyUSD
        BenchmarkSOFR Compounded Index
        Dividend Policydistribution
        Total Assets (all classes) in mnUSD 1813.3530.04.2025
        Assets (share class) in mnUSD 80.6230.04.2025
        Number of positions6830.09.2024
        TER0.39%30.09.2024

        Documents

        Key Information Document
        English (pdf)
          Prospectus
          English (pdf)
            Fact Sheet (marketing document)
            English (pdf)
              Sustainability-related disclosures
              English (pdf)

                Risk rating

                Lower riskHigher risk
                1
                1
                2
                2
                3
                3
                4
                4
                5
                5
                6
                6
                7
                7
                Typically lower rewardTypically higher reward
                Past performance is not a guarantee of future results. If the funds are denominated in a currency other than that in which the majority of the investor's assets are held, the investor should be aware that changes in rates of exchange may affect the value of the funds' underlying assets. The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.
                • Performance & Statistics
                • Highlights
                • Breakdowns
                • Managers
                • Legal information
                • Dealing
                • Security Numbers
                • Prices
                • Documents

                Performance & Statistics

                Rolling 12 months Performance (%)Cumulative performance (%)Annualised performance (%)
                Loading...
                As of 
                Share Class (Net)
                Benchmark
                Sorry, we could not retrieve the data for this share class.
                Any benchmarks/indices cited herein are provided for information purposes only. No benchmark/index is directly comparable to the investment objectives, strategy or universe of a fund.
                Loading...
                As of 
                Share Class (Net)
                Benchmark
                Sorry, we could not retrieve the data for this share class.
                Any benchmarks/indices cited herein are provided for information purposes only. No benchmark/index is directly comparable to the investment objectives, strategy or universe of a fund.
                Loading...
                As of 
                Share Class (Net)
                Benchmark
                Sorry, we could not retrieve the data for this share class.
                Any benchmarks/indices cited herein are provided for information purposes only. No benchmark/index is directly comparable to the investment objectives, strategy or universe of a fund.
                Since launch
                • 1 month
                • 3 months
                • 6 months
                • 1 year
                • 3 years
                • 5 years
                • 2025 YTD
                • 2024 YTD
                • 2023 YTD
                • 2022 YTD
                • 2021 YTD
                • 2020 YTD
                • 2019 YTD
                • 2018 YTD
                • 2017 YTD
                • 2016 YTD
                • 2015 YTD
                • 2014 YTD
                • 2013 YTD
                • 2012 YTD
                • 2011 YTD
                • 2010 YTD
                • 2009 YTD
                • 2008 YTD
                • Since launch
                • Custom
                Export
                pdfjpgpngsvg
                csvxls
                FundBenchmark
                Total Return25.63%26.61%
                Annualized Return1.34%1.39%
                Annualized Volatility0.48%0.49%
                Sharpe Ratio-0.55-0.44
                Downside Deviation0.31%0.30%
                Positive Months91.75%99.51%
                Maximum Drawdown-0.10%-0.01%
                *  Risk-Free Rate 1.61%Target Rate 1.61%
                Calculations based on monthly time series
                Earliest Date: 14.04.2008, Latest date: 08.05.2025
                Fund vs Benchmark
                Correlation0.983
                R20.966
                Alpha0.00%
                Beta0.952
                Tracking Error0.09%
                Information Ratio-0.496

                Key risks

                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.
                 
                Financial, economic, regulatory and political risks: Financial instruments are impacted by various factors, including, without being exhaustive, the development of the financial market, the economic development of issuers who are themselves affected by the general world economic situation, and economic, regulatory and political conditions prevailing in the relevant country.
                 
                Specific risk: the Sub-Fund is not a guaranteed investment and is different from investments in deposits as the value of Shares can fluctuate and the return generated from them may go up or down; the investors may not recover the amount initially invested; the SICAV does not rely on any external support for guaranteeing the liquidity of the Sub-Fund or stabilizing the Net Asset Value and the risk of loss of the principal is borne by the investor.
                 

                 

                Highlights

                LO Funds - Short-Term Money Market (USD) is a conservatively managed cash management strategy launched in April 2008. The strategy invests in high quality (at least one top short-term rating) short-term money market instruments such as commercial paper, certificates of deposit, time deposits, fixed rate bonds and floating-rate notes within strict diversification rules and maturity limits. In addition, weighted average maturity (WAM) and weighted average life (WAL) are respectively limited to 60 days and 120 days. It aims to offer investors capital preservation, high liquidity, and returns in line with the SOFR Compounded Index. Risk management is based on a combination of guideline compliance monitoring and liquidity stress test scenarios. The approach follows the conservative European Securities and Markets Authority (ESMA) guidelines for Short-Term Money Market funds.

                Breakdowns

                March 2025

                  Credit Ratings Fitch (in %)

                  F1+0.00% 41.80%
                  F10.00% 52.90%
                  F20.00% 5.30%
                  F30.00% 0.00%
                  Not rated0.00% 0.00%

                  Maturities (in %)

                  Overnight0.00% 12.90%
                  2 to 7 days0.00% 21.80%
                  8 to 30 days0.00% 7.50%
                  31 to 60 days0.00% 21.10%
                  61 to 90 days0.00% 14.10%
                  91 to 180 days0.00% 8.70%
                  181 to 365 days0.00% 12.30%
                  366 to 396 days0.00% 1.60%

                  Countries (in %)

                  United States0.00% 21.90%
                  Others0.00% 19.50%
                  France0.00% 15.50%
                  Switzerland0.00% 8.70%
                  South Korea0.00% 6.90%
                  Germany0.00% 6.70%
                  Canada0.00% 6.00%
                  Italy0.00% 5.80%
                  Luxembourg0.00% 4.70%
                  United Kingdom0.00% 4.30%

                  Sectors (in %)

                  Financial Issuers0.00% 38.10%
                  Corporate & Non-Financial Issuers0.00% 16.60%
                  Governments & Sovereign Agencies0.00% 15.60%
                  Securitizations (ABCP & ABS/MBS)0.00% 12.50%
                  Liquid assets0.00% 11.70%
                  Covered Bonds & Collateralised Instruments0.00% 5.50%

                  Managers

                  David CallahanInvestment Management (Money Markets)
                  Read more
                  David Callahan is head of the Cash Solutions team within Lombard Odier Investment Managers (LOIM)’s Fixed Income & Currencies Group. He joined in September 2009 as a money market portfolio manager. Prior to joining, David was the head of money markets for the Abu Dhabi Investment Authority. Previously, he was a portfolio manager at Providian Financial Corp from 2004 to 2005, managing a bank portfolio focused on asset- and mortgage-backed securities as well as an interest rate swaps book. Before that, he was manager of the MBS portfolio at Charles Schwab Bank after originally joining Charles Schwab Investment Management (CSIM) as a credit analyst. Prior to that, he was a credit analyst for Evergreen Money Market Funds (now Wells Fargo Advantage Funds). Previously, he was a financial translator for Moody’s Investors Service from 1993 to 1999. He began his career as senior translator and business analyst at Europages in Paris in 1991. David earned a master of arts degree in French from Middlebury College in Vermont in 1992. He also holds a bachelor of arts degree in French from Allegheny College in Pennsylvania. He is a CFA Charterholder and holds the FRM (Financial Risk Manager) designation.
                  Florian HellyInvestment Management (Money Markets)
                  Read more
                  Florian Helly is portfolio manager in the Cash Solutions team within LOIM’s Fixed Income & Currencies Group. He joined in June 2010. Prior to joining, Florian was a sales person in fixed income/structured credit sales at Unicredit Markets & Investment Bank from 2007 to 2010, focusing on French institutional investors and managing the sales of the bank’s CD program. He began his career as a fixed income sales analyst at Natixis Corporate & Investment Bank in 2005. Florian earned a master’s degree in finance from the Georgia Institute of Technology in the United States in 2007. He also holds a master’s degree in management from Grenoble Management School in France.

                  Legal information

                  General information

                  DomicileLuxembourg
                  Legal FormSICAV
                  Regulatory StatusUCITS
                  Registered inAT, BE, CH, DE, ES, FI, FR, GB, LI, LU, NL, NO, SE
                  Class launch date06.02.2013
                  Close of financial year30 September
                  Dividend Policydistribution
                  - Distribution dateNovember
                  - Last dividend paid  (27.11.2024) USD 0.5

                  Fiscal Information

                  DE Investmentsteuergesetz (InvStG)Other Funds
                  AT Investmentfondsgesetz (InvFG)Declared Fund
                  UK Reporting StatusYes

                  Management Company & Agents

                  Management CompanyLombard Odier Funds (Europe) S.A.
                  CustodianCACEIS Bank, Luxembourg Branch
                  AuditorPricewaterhouseCoopers
                  Portfolio valuationCACEIS Bank, Luxembourg Branch

                  Dealing

                  Dealing

                  Subscriptions and redemptions frequency daily
                  Subscriptions and redemptions cut-off dayT
                  Subscriptions and redemptions cut-off time16:00 CET
                  Subscriptions and redemptions settlement dateT+1
                  NAV valuation pointT
                  NAV calculation dayT
                  NAV calculation frequencydaily
                  Minimum InvestmentEUR 3'000 or equivalent
                  Management Fee0.24%
                  Distribution Fee0.00%

                  Security Numbers

                  BLOOMBERGLOSMUMD LX
                  ISINLU0866429482
                  REUTERS20288403X.CHE
                  SEDOLBD7VVF8
                  TELEKURS20288403

                  Prices

                  Since launch
                  • 1 month
                  • 3 months
                  • 6 months
                  • 1 year
                  • 3 years
                  • 5 years
                  • 2025 YTD
                  • 2024 YTD
                  • 2023 YTD
                  • 2022 YTD
                  • 2021 YTD
                  • 2020 YTD
                  • 2019 YTD
                  • 2018 YTD
                  • 2017 YTD
                  • 2016 YTD
                  • 2015 YTD
                  • 2014 YTD
                  • 2013 YTD
                  • 2012 YTD
                  • 2011 YTD
                  • 2010 YTD
                  • 2009 YTD
                  • 2008 YTD
                  • Since launch
                  • Custom
                  Export

                  Prices over selected period

                  LastUSD0.0010.4308.05.2025
                  FirstUSD0.008.3014.04.2008
                  HighestUSD0.0010.4308.05.2025
                  LowestUSD0.008.3015.04.2008
                  * Earliest Date: 14.04.2008, Latest date: 08.05.2025

                  Documents

                  Annexe

                  UK Reporting Status - Reportable Income
                  31.03.2025
                  English (pdf)

                    Reporting

                    Weekly Investor Report
                    05.05.2025
                    English (pdf)
                      Fact Sheet (marketing document)
                      30.04.2025
                      English (pdf)
                        Performance Review
                        31.03.2025
                        English (pdf)

                          Legal Documents

                          Notice to Shareholders
                          17.04.2025
                          Français (pdf)
                            19.07.2024
                            Français (pdf)
                              17.05.2024
                              Français (pdf)
                                24.01.2024
                                Français (pdf)
                                  Key Information Document
                                  28.01.2025
                                  English (pdf)
                                    Annual Report
                                    30.09.2024
                                    English (pdf)
                                      Prospectus
                                      19.08.2024
                                      English (pdf)
                                        Semi-Annual Report
                                        31.03.2024
                                        English (pdf)
                                          Articles of incorporation
                                          21.03.2019
                                          English (pdf)

                                            Sustainability-related disclosures

                                            Sustainability-related disclosures
                                            05.08.2024
                                            English (pdf)

                                              insights.

                                              America first to safety first – finding opportunity and shelter in fixed income
                                              fixed incomeGFIO
                                              fixed incomeGFIOFallen Angels

                                              America first to safety first – finding opportunity and shelter in fixed income

                                              May 7, 2025
                                              As Donald Trump seeks to rewrite the macro world order, striking the right balance between defensive and opportunistic portfolio positioning is key. 
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                                              fixed income

                                              Fixed income in the new macro world order

                                              April 29, 2025
                                              The Trump administration has dramatically rewritten the rules of the macroeconomic world order.  We drill into the short- and longer-term implications for fixed-income investment.
                                              Bonds, ETFs or CDS – in high yield, which is more resilient to liquidity shocks?
                                              fixed income

                                              Bonds, ETFs or CDS – in high yield, which is more resilient to liquidity shocks?

                                              April 22, 2025
                                              As the trade war instigates tail risk, how can a high-yield strategy better withstand market shocks without the taxing liquidity costs of exchange-traded funds?
                                              Asian credit to weather US tariffs as trade war strengthens long-term growth drivers
                                              fixed incomeAsia value bonds
                                              fixed incomeAsia value bonds

                                              Asian credit to weather US tariffs as trade war strengthens long-term growth drivers

                                              April 10, 2025
                                              Asian economies and credit markets are set to stay resilient despite US tariffs and we see the trade war accelerating positive trends in the region.
                                              more insights
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