our use of cookies.

We use cookies that are necessary to make our site work as well as analytics cookie and third-party cookies to monitor our traffic and to personalise content and ads.

Please click “Cookies Settings” for details on how to withdraw your consent and how to block cookies. For more detailed information about the cookies we use and of who we work this see our cookies policy

Necessary cookies:

Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website and cannot be switched off in our systems. You can set your browser to block or alert you about these cookies, but some parts of the site will then not work. The website cannot function properly without these cookies.

Statistic and marketing cookies:

Statistic cookies help website owners to understand how visitors interact with websites by collecting and reporting information

Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers. We work with third parties and make use of third party cookies to make advertising messaging more relevant to you both on and off this website.

Manage cookiesAccept & continue
Accept allSave settings
English
      • lombardodier.com
      close
      insights.
      insights.insights
      multi-asset

      Will Donald Trump's fiscal plan work?

      May 8, 2025
      On paper, Donald Trump’s fiscal strategy could work. In reality, uncertainties about the payoff from tariffs and spending cuts persist. Will his gamble succeed?
      multi-asset

      Will Donald Trump's fiscal plan work?

      fixed income

      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. 
      fixed income

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

      multi-asset

      Dialling up portfolio diversification when uncertainty prevails

      May 1, 2025
      Uncertainty heightens the need for diversification. Historically, a risk-based solution has shown stronger diversification than a 50/50 approach. 
      multi-asset

      Dialling up portfolio diversification when uncertainty prevails

      All insightsrethinking through the noiseSpecial ReportsInvestor survey: The Next DecadeSharpe thinkingQ3 2024: The value of a contrarian mindsetQ4 2024: Our 2025 investment outlooks Q1 2025: exploiting divergence for investor advantageglossary
      sustainability.
      sustainability.sustainability
      sustainability.
      a CLIC® economy through systems changeour stewardship frameworkour place within the European SFDR
      an overview of EU regulationsustainability at Lombard Odier
      TargetNetZero SimulatorWhy nature?
      investment strategies.
      investment strategies.investment strategies
      EquitiesSustainableRegionalThematic
      Fixed incomeSustainableGlobalRegionalMoney Market
      Alternatives DataEdge Market Neutral DOM Global MacroGlobal Carbon OpportunityLombard Odier Private AssetsPlastic Circularity StrategySustainable Private Credit Transition Materials
      Multi-asset All Roads
      Convertibles Global Convertible Bonds
      investment funds.
      about us.
      about us.about uslombardodier.com
      about us.
      presscareerscontactour clientsinstitutionalwholesale clients
      lombardodier.com
      • investment funds.
      • Fixed Income.
      • LO Funds - Asia Value Bond, X1, (USD) M A

      LO Funds
      Asia Value Bond

      X1, (USD) M A
        ISINLU1976883279

        LO Funds - Asia Value Bond, X1, (USD) M A

        ISINLU1976883279
        funds listsustainability report

        General information

        Asset ClassFixed Income
        Category-
        Strategy-
        Fund base currencyUSD
        Share Class reference currencyUSD
        Total Assets (all classes) in mnUSD 1849.2430.04.2025
        Assets (share class) in mnUSD 0.3730.04.2025
        Number of positions18430.04.2025
        TER0.63%30.09.2024

        Documents

        Key Information Document
        English (pdf)
          Prospectus
          English (pdf)
            Fact Sheet (marketing document)
            English (pdf)
              Newsletter IM - Professional
              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
                  • Since launch
                  • Custom
                  Export
                  pdfjpgpngsvg
                  csvxls
                  FundBenchmark
                  Total Return62.60%44.39%
                  Annualized Return4.01%3.01%
                  Annualized Volatility9.52%4.80%
                  Sharpe Ratio0.220.23
                  Downside Deviation6.84%3.46%
                  Positive Months61.07%63.09%
                  Maximum Drawdown-33.77%-19.47%
                  *  Risk-Free Rate 1.89%Target Rate 1.89%
                  Calculations based on monthly time series
                  Earliest Date: 07.01.2013, Latest date: 07.05.2025
                  Fund vs Benchmark
                  Correlation0.916
                  R20.840
                  Alpha-0.10%
                  Beta1.816
                  Tracking Error5.47%
                  Information Ratio0.212

                  Highlights

                  LO Funds - Asia Value Bond is an actively managed long-only bond fund focusing on Asia-Pacific issuers predominantly in USD. The Fund adopts a strong total return philosophy and generates returns from both interest accrued as well as capital appreciation from yield and credit spread compression. In addition, it follows an unconstrained allocation approach and value-orientation in security selection. The Fund invests across the debt capital structure (senior, subordinate) and debt classes (sovereigns, corporates, financials). To provide flexibility and opportunity, the Fund has allowable limits for High Yield and non-Asian issuers.

                  Breakdowns

                  March 2025

                    Credit Ratings (in %)

                    AAA0.00% 0.00%
                    AA0.00% 4.80%
                    A0.00% 14.63%
                    BBB0.00% 41.93%
                    BB0.00% 16.38%
                    B0.00% 18.08%
                    CCC+ & Below0.00% 4.18%

                    Maturities (in %)

                    Less than 1 year0.00% 2.30%
                    1 to 3 years0.00% 10.71%
                    3 to 5 years0.00% 19.27%
                    5 to 7 years0.00% 15.87%
                    7 to 10 years0.00% 7.63%
                    10 to 20 years0.00% 13.87%
                    More than 20 years0.00% 15.39%
                    Perpetual0.00% 14.96%

                    Countries (in %)

                    Others0.00% 22.20%
                    India0.00% 20.73%
                    China0.00% 13.07%
                    Hong Kong0.00% 11.02%
                    Japan0.00% 8.13%
                    UK0.00% 6.30%
                    Indonesia0.00% 5.27%
                    Australia0.00% 4.51%
                    Thailand0.00% 4.42%
                    Macau0.00% 4.34%

                    Currencies (in %)

                    USD0.00% 99.33%
                    EUR0.00% 0.67%
                    CNY0.00% 0.00%

                    Managers

                    Dhiraj BajajPrivate Clients (Asia Investment Team)
                    Read more
                    Dhiraj is the head of Asia fixed income at Lombard Odier. He joined Lombard Odier in 2012, and is responsible for the Fixed Income team in Asia, focusing on Asia Pacific and emerging debt markets. Prior to joining Lombard Odier, Dhiraj was a portfolio manager with Cairn Capital in London, a full-service credit asset management firm, from 2006 to 2012. There he managed investment grade and high yield portfolios and traded credits in both long-only and long/short portfolios. Dhiraj also gained experience in JP Morgan & Chase in their European credit & rates research department in London, in 2006. Dhiraj started his career at Singapore Airlines and from 2000 to 2005, he did corporate strategy. Dhiraj has a B.Eng (Honours) in mechanical engineering and a minor in business from the National University of Singapore, and a masters of business administration from the University of Cambridge, UK (IIT), Roorkee.
                    Nivedita SunilPrivate Clients (Asia Investment Team)
                    Read more
                    Nivedita Sunil, Senior Emerging Credit Analyst Nivedita is an Emerging Market analyst within the LOIM Fixed Income team in Singapore. She covers Emerging Markets & Asian Sovereigns and Financials for the firm. Prior to joining Lombard Odier, Nivedita worked at Citigroup in London for 7 years. In her last role, she was a vice president in the Emerging Market Fixed Income and FX strategy team within Citigroup Global Markets where she formulated fundamental and tactical views on Emerging Markets for investors. Nivedita holds an MBA from Harvard Business School where she graduated in the top 5% of her class as a Baker scholar. She also holds a Masters in Finance with distinction from the London School of Economics and a bachelor’s degree in electronics engineering from Anna University in India.

                    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 date05.11.2019
                    Close of financial year30 September
                    Dividend Policyaccumulated

                    Fiscal Information

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

                    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-1
                    Subscriptions and redemptions cut-off time15:00 CET
                    Subscriptions and redemptions settlement dateT+2
                    NAV valuation pointT
                    NAV calculation dayT+1
                    NAV calculation frequencydaily
                    Minimum InvestmentEUR 3'000 or equivalent
                    Management Fee0.50%
                    Distribution Fee0.00%

                    Security Numbers

                    BLOOMBERGLOAVBXM LX
                    ISINLU1976883279
                    SEDOLBJ7HBV4
                    TELEKURS47182954

                    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
                    • Since launch
                    • Custom
                    Export

                    Prices over selected period

                    LastUSD0.00162.6007.05.2025
                    FirstUSD0.00100.0007.01.2013
                    HighestUSD0.00171.2610.09.2021
                    LowestUSD0.0096.6924.06.2013
                    * Earliest Date: 07.01.2013, Latest date: 07.05.2025

                    Documents

                    Professional investors only

                    Newsletter IM - Professional
                    31.03.2025
                    English (pdf)

                      Reporting

                      Fact Sheet (marketing document)
                      31.03.2025
                      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. 
                                              Fixed income in the new macro world order
                                              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
                                              • © 2025 Lombard Odier
                                              • Privacy policy
                                              • Asset Management legal information
                                              • Asset Management regulatory disclosures
                                              • Modern slavery statement
                                              • Cookies