Fact sheet: LO €GovFndmtl

Fund information
Fund name
LO Euro Government Fundamental R A
Fund manager company
Lombard Odier
Fund type
Offshore Fund
Fund managers
  • Yannik Zuffereysince 31/10/2016
  • Sara Razmpasince 31/10/2016
  • Salaman Ahmedsince 01/01/2013
Fund objective
The Fund invests in EUR-denominated government bonds issued by countries participating in the EMU. It aims to outperform the Barclays Euro Government Bond index over the long-term
Benchmark
  • IO Barclays EUR Treasury
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
-2.9%
1 Year rank in sector
30/34
Sector
FO Fixed Int - EUR Government
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.59%
Fund size
£37m (£54m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
78
Top in this sector
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BlueBay Inv Gr Eur Agg1.8%
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DPAM L Bds EUR Government 1-5-0.3%
DPAM L Bonds Govt Sust-0.5%
Blackrock UltrHi QltyEurGvBdIdx-0.8%
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Performance snapshot

Holdings snapshot

  • Others25.3%
    Germany15.5%
    Italy10.2%
    Netherlands10.1%
    France9.6%
  • AAA32.5%
    AA30.8%
    A19.1%
    BBB17.4%
    Money Market0.2%
  • Global Fixed Interest25.3%
    German Fixed Interest15.5%
    Italian Fixed Interest10.2%
    Dutch Fixed Interest10.1%
    French Fixed Interest9.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%-2.2%-5%-2.9%6.4%14.7%
Sector-0.7%-1.4%-5%-2.4%9.1%20.4%
Rank within sector31 / 3430 / 3324 / 3330 / 3427 / 3120 / 25
Quartile4th4th3rd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund-2.1%1.9%-0.4%10.1%-0.5%
Sector-1.7%2.2%0.4%11.4%1%
Rank within sector26 / 3326 / 3227 / 3225 / 3018 / 26
Quartile4th4th4th4th3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.65
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.98
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
4.43
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.04
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.69
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.95
Price movement
52 week high12.96
52 week low12.2
Current bid price-
Current offer price-
Current mid price12.24
Region
1Others25.3%
2Germany15.5%
3Italy10.2%
4Netherlands10.1%
5France9.6%
6Austria7.7%
7Belgium7.2%
8Spain7.2%
9Slovenia7%
Industry sector
1AAA32.5%
2AA30.8%
3A19.1%
4BBB17.4%
5Money Market0.2%
Asset type
1Global Fixed Interest25.3%
2German Fixed Interest15.5%
3Italian Fixed Interest10.2%
4Dutch Fixed Interest10.1%
5French Fixed Interest9.6%
6Austrian Fixed Interest7.7%
7Belgian Fixed Interest7.2%
8Spanish Fixed Interest7.2%
9Slovenian Fixed Interest7%
Individual holdings
No data available.
Management
Fund manager group
Lombard Odier
Fund manager company
Lombard Odier
Fund type
Offshore Fund
Fund objective
The Fund invests in EUR-denominated government bonds issued by countries participating in the EMU. It aims to outperform the Barclays Euro Government Bond index over the long-term
Benchmark
  • IO Barclays EUR Treasury
Investment style
Active
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Yannik Zufferey31/10/2016Yannik Zufferey, PhD, (Vice President) holds a MSc. in Mathematical engineering and a Ph.D in Mathematical Finance from the Swiss Federal Institute of Technology. He started his career in 1999 as consultant within the Financial Risk Management group of IBM Business Consulting Services. In 2004 he joined Lombard Odier Darier Hentsch & Cie in Geneva as the executive assistant of Mr. Patrick Odier, Senior Managing Partner. During 2006 and 2007, he worked eight months for GLG Partners LP, a London based hedge fund. There he developed new quantitative strategies. In July 2007 he went back to Geneva to assume the responsibilities of products specialist for quantitative funds and structured products at Lombard Odier Darier Hentsch & Cie. During 2008 Yannik joined the credit team as a relative value analyst and portfolio manager.
Sara Razmpa31/10/2016Sara Razmpa is a Portfolio Manager within LOIM's Fundamental fixed income team. She joined LOIM in November 2012. Prior to joining LOIM, Sara was a junior product specialist for the credit structuring team at Credit Suisse. Sara earned a master's degree in financial engineering and risk management from HEC Lausanne in 2012. She also holds a bachelor's degree in economics from the University of British Columbia and a bachelor's degree in electrical and electronics engineering from the University of Tehran.
Salaman Ahmed01/01/2013Salman Ahmed is a Strategist within LOIM's Global and Emerging Fixed Income Group. He joined LOIM in January 2013. Prior to joining LOIM, Salman was head of global macro at EDF Trading (trading arm of EDF Group). Before that, he was a global macro economist at Goldman Sachs International from 2006 to 2009. Previously, he was as an active equity research associate at Barclays Global Investors from 2005 to 2006, and after completing an internship at Goldman Sachs International in 2004. He began his career as an investment analyst at Watson & Wyatt LLP in 2001. Salman earned a master's degree in economics and finance from University of Cambridge in 2001 and holds a bachelor's degree in economics from Lahore University of Management Sciences.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
LO Euro Government Fundamental (USD) I D
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI7G2
LO Euro Government Fundamental (USD) P A
Initial charge5%
Annual charge0.38%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price10.0363
CurrencyUSD
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBN3A
LO Euro Government Fundamental I A Acc
Initial charge5%
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.53%
Bid price-
Offer price-
Mid price13.0179
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHOF8
LO Euro Government Fundamental I D
Initial charge5%
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.53%
Bid price-
Offer price-
Mid price12.3582
CurrencyEUR
Price updated23/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI7F6
LO Euro Government Fundamental M A
Initial charge5%
Annual charge0.41%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price12.7371
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF5WL
LO Euro Government Fundamental M D
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.5761
CurrencyUSD
Price updated16/05/2014
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF5XK
LO Euro Government Fundamental P A
Initial charge5%
Annual charge0.38%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price12.5555
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGYR1
LO Euro Government Fundamental P D
Initial charge5%
Annual charge0.38%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price10.8464
CurrencyEUR
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGYR2
LO Euro Government Fundamental R A
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.55%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI7F8
LO Euro Government Fundamental S A
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.13%
Total expense ratio (TER)0.08%
Bid price-
Offer price-
Mid price13.4595
CurrencyEUR
Price updated30/11/2015
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGXR4
Data provided by

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