Fund Detail

LO Funds

Absolute Return Bond, (EUR) I A

 

HIGHLIGHTS

LO Funds - Absolute Return Bond is an actively managed fixed income strategy launched in July 2010. It invests in fixed income instruments and currencies in developed and emerging markets, through highly liquid long and short positions including listed and over-the-counter financial derivative instruments as well as cash instruments. It seeks to deliver absolute returns uncorrelated to credit and interest rate cycles. It implements a multi-portfolio manager approach where capital is allocated to several fixed income specialists focusing on delivering uncorrelated sources of alpha. A structural portfolio allocation led by the fixed income CIO implements the highest conviction strategies and top-down views.

MANAGERS

Manager Profiles

Gregor Macintosh Genève Investment Management (Macro and Fixed Income)

Gregor Macintosh is Head of Rates within LOIM’s Fixed Income & Currencies Group. He joined LOIM in July 2010. Prior to joining LOIM, Gregor was head of rates at Standard Life Investments, after joining  Read more

Grant Peterkin Genève Investment Management (Macro and Fixed Income)

Grant Peterkin is a Senior Portfolio Manager for the Global and Emerging Fixed Income Group within LOIM. He joined LOIM in March 2013. Prior to joining LOIM, Grant was a senior portfolio manager in the  Read more

Federico Belak Genève Investment Management (Macro and Fixed Income)

Fred Belak is Chief Investment Officer (CIO) of the LOF–Tactical Alpha Fund since December 2012. He originally joined LOIM in March 2011 as Portfolio Manager for the Global and Emerging Fixed Income Group  Read more

GENERAL INFORMATION

Overview

Asset Class Fixed Income & Macro
Category Aggregate
Share Class reference currency EUR
Dividend Policy Accumulated

Latest Data

Performance YTD -0.39% 19.01.2017
Total Assets (all classes) in mn EUR 134.63 31.12.2016
Assets (share class) in mn EUR 6.79 31.12.2016
NAV (EUR) 12.13 19.01.2017
Highest - Last 12 months 12.35 08.02.2016
Lowest - Last 12 months 12.12 17.01.2017
Number of positions 81 30.11.2013
Duration in Years 0.87 31.12.2016
TER 0.68% 30.09.2016

Cumulative Performance

 
 
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.

PRICES

Period
(Earliest Date: 01.07.2010)
(Latest date: 19.01.2017)

Prices over selected period

Last EUR 12.13 19.01.2017
First EUR 11.55 01.07.2010
Highest EUR 12.72 30.10.2013
Lowest EUR 11.54 02.07.2010

Latest available figures (click Export to obtain figures over the selected period)

Interim Profit EUR 0.0831 19.01.2017
Equity Gain (%) 0.0% 19.01.2017
Equity Gain – KStG (%) 0.0% 19.01.2017
Real Estate Gain EUR 0.0 18.01.2017
Acc. Deemed Dist. Income EUR 1.1065 19.01.2017

PERFORMANCE & STATISTICS

Statistics (01.07.2010 - 19.01.2017) ¹

( Earliest Date : 01.07.2010)
Go
( Latest date : 19.01.2017)
Fund
Total Return 5.02%
Annualized Return 0.75%
Annualized Volatility 2.19%
Sharpe Ratio 0.30
Downside Deviation 1.39%
Positive Months 55.70%
Maximum Drawdown -4.60%
Risk-Free Rate 0.09% Target Rate 0.09%
¹ Calculations based on monthly time series

Cumulative Performance

 
 
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.

BREAKDOWNS

Period

Duration Contribution (in years)

United States
-0.22%
Italy
-0.19%
United Kingdom
-0.10%
Switzerland
0.20%
New Zealand
1.01%
Others
0.17%

Major Active Currencies (in % Net Exposure)

SGD
-10.24%
GBP
-1.02%
JPY
-0.10%
CNY
0.09%
CHF
0.19%
New Zealand Dollar
0.51%
AUD
0.72%
USD
19.67%

Risk Contributions - % VOL Contribution

Fx 
33.72%
Curve
33.04%
Inflation-Linked
-0.37%
Swap Spreads
1.35%
Government Spread
2.95%
Credit Spread
13.65%
Others
14.96%
Idiosyncratic
0.22%
Credit Default
0.49%

SECURITY NUMBERS

Dealing

Subscriptions and redemptions frequency Daily
Subscriptions and redemptions cut-off day T
Subscriptions and redemptions cut-off time 12:00 CET
Subscriptions and redemptions settlement date T+2
NAV valuation point T
NAV calculation day T+1
NAV calculation frequency Daily
Minimum Investment CHF 1'000'000 or eq
Management Fee 0.50%
Distribution Fee 0.00%
Performance Fee 10% over EONIA

Security Numbers

BLOOMBERG LOMESTI LX
ISIN LU0210002480
REUTERS 2038013X.CHE
SEDOL GBBD7VVR0
TELEKURS 2038013

Share Quotation

Electronic Media

DOCUMENTATION

Marketing & Communication Date DE EN FR IT
Newsletter IM 30.11.2016      
Reasons to Invest (2 pager) 31.12.2014    
Annexe Date DE EN FR IT
UK Reporting Status - Reportable Income 24.03.2016      
Reporting Date DE EN FR IT
Fact Sheet (all Funds) 31.12.2016
Fact Sheet 31.12.2016
Performance Review 31.12.2016
Legal Documents Date DE EN FR IT
Notice to Shareholders 25.01.2016    
Notice to Shareholders 29.07.2016    
Notice to Shareholders 26.08.2016      
Notice to Shareholders 02.02.2016    
Notice to Shareholders 12.12.2016    
Notice to Shareholders 15.04.2016    
Key Investor Information Document 14.07.2016
Prospectus 31.07.2016      
Annual Report 30.09.2015  
Semi-Annual Report 31.03.2016  
Sicav article of incorporation 01.12.2014