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      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?
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      Will Donald Trump's fiscal plan work?

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      Dialling up portfolio diversification when uncertainty prevails

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      • investment funds.
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      • LO Selection - The Balanced (USD) I A

      LO Selection
      The Balanced (USD)

      I A
        ISINLU1598855341

        LO Selection - The Balanced (USD) I A

        ISINLU1598855341
        funds listsustainability report

        General information

        Morningstar
        Asset ClassMulti-Asset
        CategoryBalanced Profile
        StrategyAsset Allocation
        Fund base currencyUSD
        Share Class reference currencyUSD
        Dividend Policyaccumulated
        Total Assets (all classes) in mnUSD 253.8230.04.2025
        Assets (share class) in mnUSD 34.5430.04.2025
        Number of positions36631.03.2021
        TER--
        TER Synthetic1.19%30.09.2024

        Documents

        Key Information Document
        English (pdf)
          Prospectus
          Français (pdf)
            Fact Sheet (marketing document)
            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
              • Since launch
              • Custom
              Export
              pdfjpgpngsvg
              csvxls
              Fund
              Total Return50.94%
              Annualized Return4.37%
              Annualized Volatility8.65%
              Sharpe Ratio0.23
              Downside Deviation6.25%
              Positive Months63.79%
              Maximum Drawdown-19.18%
              *  Risk-Free Rate 2.35%Target Rate 2.35%
              Calculations based on monthly time series
              Earliest Date: 01.10.2015, Latest date: 07.05.2025

              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.
               
              Operational risk and risks related to asset safekeeping: In specific circumstances, there may be a material risk of loss resulting from human error, inadequate or failed internal systems, processes or controls, or from external events.
               
              Active management risk: Active management relies on anticipating various market developments and/or security selection. There is a risk at any given time that the fund may not be invested in the highest-performing markets or securities. The fund's net asset value may also decline.
               

               

              Highlights

              LO Selection - The Balanced (USD) is an actively managed balanced portfolio in USD. It offers a transparent, taxefficient and cost effective solution to get access to the Private Banking Investment Strategy. The fund can invest globally across all major asset classes in individual securities from our high-conviction research lists as well as the best available funds, whether managed by Lombard Odier or by other investment managers selected by our External Fund selection team. It aims to generate positive returns of 4% p.a above cash over a full business cycle while limiting the shortfall. The fund is well diversified both in term of asset class and instruments whose allocation is determined by the Investment Committee. Risk management is an integral part of the investment process and portfolio construction, performed by fund managers at a portfolio-level, alongside independent teams who manage investment risks and monitor operational risks.

              Breakdowns

              March 2025

                Currencies (in %)

                USD0.00% 86.57%
                Others0.00% 5.47%
                JPY0.00% 3.04%
                CHF0.00% 2.05%
                GBP0.00% 1.43%
                EUR0.00% 0.93%
                RMB0.00% 0.37%
                BRL0.00% 0.14%

                Countries in the Equity Segment (in %)

                USA0.00% 69.15%
                Europe0.00% 10.27%
                Japan0.00% 6.85%
                Asia ex-Japan0.00% 6.20%
                Switzerland0.00% 4.65%
                Others0.00% 2.88%

                Industries in the Equity Segment (in %)

                Information technology0.00% 24.58%
                Financials0.00% 16.22%
                Health care0.00% 11.08%
                Consumer discretionary0.00% 10.64%
                Industrials0.00% 10.45%
                Telecommunications0.00% 8.68%
                Consumer staples0.00% 5.43%
                Materials0.00% 4.45%
                Energy0.00% 3.38%
                Others0.00% 3.25%
                Utilities0.00% 1.84%

                Assets (in %)

                Equities0.00% 44.55%
                Bonds0.00% 38.08%
                Alternatives0.00% 10.09%
                Liquid assets0.00% 4.14%
                Gold0.00% 3.13%

                Managers

                Cyril CaillaultInvestment Solutions (Discretionary Portfolio Management)
                Read more
                Cyril Caillault is a cross-asset portfolio manager in the discretionary portfolio management team of the Bank and is a member of the asset allocation investment committee. He joined the Lombard Odier Group in December 2009 as Head of Quantitative Portfolio Management within Lombard Odier Investment Managers' (LOIM) Fixed Income & Currencies Group. Prior to joining LOIM, Cyril was a fixed income quantitative portfolio manager responsible for the quantitative strategies and was promoted to head of Fixed income and Currencies quantitative strategies following the merger with ABN AMRO Asset Management in 2008. He began his career as a quantitative analyst at Dexia Crédit Local in 2001, developing models on interest rates and asset allocation. Cyril earned a Ph.D in economics and management from Ecole Normale Supérieure de Cachan (France) in 2005 where he developed quantitative techniques to compute risk measures (Expected Shortfall and Value at Risk). He also holds a master’s degree in mathematical finance from the University of Reims (France) and is the author of many professional and academic publications.
                Paul BésangerInvestment Solutions (Discretionary Portfolio Management)
                Read more
                Paul Bésanger is a portfolio manager and quantitative analyst with a focus on asset allocation. He manages the Lombard Odier Asset Allocation Funds (Private Bank) and is a member of the Bank’s investment committee. He joined Lombard Odier’s graduate program in 2010 and gained experience in portfolio advisory, fixed income advisory and investment risk. Paul holds an MBA from the University of Chicago Booth School of Business and is an alumni of the University of St. Gallen (HSG). He is a CFA Charterholder.

                Legal information

                General information

                DomicileLuxembourg
                Legal FormSICAV
                Regulatory StatusUCITS
                Registered inCH, ES, LU
                Class launch date21.02.2022
                Close of financial year30 September
                Dividend Policyaccumulated

                Fiscal Information

                DE Investmentsteuergesetz (InvStG)Other Funds
                AT Investmentfondsgesetz (InvFG)Non-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-2
                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 InvestmentUSD 5 million
                Management Fee0.80%
                Distribution Fee0.00%

                Security Numbers

                BLOOMBERGLOTBUIU LX
                ISINLU1598855341
                TELEKURS36346216

                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
                • Since launch
                • Custom
                Export

                Prices over selected period

                LastUSD0.00150.9407.05.2025
                FirstUSD0.00100.0001.10.2015
                HighestUSD0.00153.5018.02.2025
                LowestUSD0.0095.3711.02.2016
                * Earliest Date: 01.10.2015, Latest date: 07.05.2025

                Documents

                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)
                      29.01.2025
                      Français (pdf)
                        03.01.2025
                        Français (pdf)
                          29.07.2024
                          Français (pdf)
                            02.02.2024
                            Français (pdf)
                              Prospectus
                              18.03.2025
                              Français (pdf)
                                Key Information Document
                                28.01.2025
                                English (pdf)
                                  Annual Report
                                  30.09.2024
                                  English (pdf)
                                    Semi-Annual Report
                                    31.03.2024
                                    English (pdf)
                                      Articles of incorporation
                                      20.05.2019
                                      English (pdf)

                                        insights.

                                        Will Donald Trump's fiscal plan work?
                                        multi-assetAll Roads
                                        multi-assetAll Roads

                                        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?
                                        Dialling up portfolio diversification when uncertainty prevails
                                        multi-assetAll Roads
                                        multi-assetAll Roads

                                        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. 
                                        Will US dollar strength give way to the euro?
                                        multi-assetAll Roads
                                        multi-assetAll Roads

                                        Will US dollar strength give way to the euro?

                                        April 24, 2025
                                        Superior US productivity versus Europe boosted the US dollar over the last decade, but is this long-term trend about to reverse?
                                        Addressing uncertainty through risk-based portfolio management
                                        multi-assetAll Roads
                                        multi-assetAll Roads

                                        Addressing uncertainty through risk-based portfolio management

                                        April 15, 2025
                                        The investment techniques to handle uncertainty differ from those required by rising risk: what are the implications for multi-asset investors?
                                        more insights
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