Fact sheet: LO Convertible Bd

Fund information
Fund name
LO Convertible Bond (EUR) R A
Fund manager company
Lombard Odier
Fund type
Offshore Fund
Fund managers
  • Giuliano Mazzonisince 04/12/2002
  • Jerome Hemardsince 01/08/2008
  • Arnaud Gernathsince 05/12/2011
  • Nathalia Barazalsince 01/08/2004
Fund objective
To invest in convertible bonds, equity warrants and convertible preferred shares denominated in various currencies. Currency fluctuations against EUR hedged to a minimum of 90% of the assets of the Sub-Fund.
Benchmark
  • UBS Global Convertible composite Index Hedged in EUR
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
1%
1 Year rank in sector
45/71
Sector
FO Convertible
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.
2.24%
Fund size
£5,050m (£5,340m last year)
Top in this sector
Fund name1 Year
Man Convertibles Am12.8%
Franklin Gl Cnvtl Secrts10.2%
CQS Global Convertible UCITS8.2%
Calamos Gbl Convtl Opps8%
HAM Gbl Convtbl Bd6.8%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • Europe37.9%
    USA24.8%
    Asia13.7%
    Money Market13.5%
    Japan8.8%
  • BBB48.3%
    A16.4%
    BB15.9%
    Money Market13.5%
    B4.1%
  • European Fixed Interest37.9%
    US Fixed Interest24.8%
    Asia Pacific Fixed Interest13.7%
    Money Market13.5%
    Japanese Fixed Interest8.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%3.3%1.1%1%8%25.7%
Sector-0%4.4%2.6%1.5%8.2%30.1%
Rank within sector50 / 7454 / 7459 / 7445 / 7132 / 6238 / 51
Quartile3rd3rd4th3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-1.4%3%4.2%9.9%7.7%
Sector-0.1%2.9%2.3%11.7%10.9%
Rank within sector51 / 7333 / 6817 / 6229 / 5644 / 52
Quartile3rd2nd2nd3rd4th
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.
0.37
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.
0.82
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%.
5
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.
1.7
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.
-0.15
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.
0.93
Price movement
52 week high17.12
52 week low15.75
Current bid price-
Current offer price-
Current mid price16.57
Region
1Europe37.9%
2USA24.8%
3Asia13.7%
4Money Market13.5%
5Japan8.8%
6Others1.3%
Industry sector
1BBB48.3%
2A16.4%
3BB15.9%
4Money Market13.5%
5B4.1%
6Non-Rated0.9%
7AA0.6%
8AAA0.3%
Asset type
1European Fixed Interest37.9%
2US Fixed Interest24.8%
3Asia Pacific Fixed Interest13.7%
4Money Market13.5%
5Japanese Fixed Interest8.8%
6Global Fixed Interest1.3%
Individual holdings
1CITRIX SYSTEMS -144A- 0.5%/14-15.04.20192.7%
2AMXLMM 0 05/28/202.2%
3PCLN 0.35 06/15/202.2%
4SIEGR 1.65 08/16/192.2%
5SHFSJ 1 1/4 08/11/221.6%
6RHT 144A CONV FIX 0.250% 01.10.20191.5%
7CHCONS 0 01/05/231.2%
8TITIM 1 1/8 03/26/221.2%
9VODAFONE GROUP 0% BDS 26/11/20 GBP1000001.2%
Management
Fund manager group
Lombard Odier
Fund manager company
Lombard Odier
Fund type
Offshore Fund
Fund objective
To invest in convertible bonds, equity warrants and convertible preferred shares denominated in various currencies. Currency fluctuations against EUR hedged to a minimum of 90% of the assets of the Sub-Fund.
Benchmark
  • UBS Global Convertible composite Index Hedged in EUR
Investment style
None
Investment method
Convertibles
Fund managers
NameSinceBiography
Giuliano Mazzoni04/12/2002Giuliano Mazzoni is portfolio manager for global investment vehicles for convertible bonds. He has more than 26 years investment experience, and has been involved in the portfolio management of convertible bonds for the last 12 years. He is responsible for managing convertible bond funds since joining Lom¬bard Odier Darier Hentsch & Cie in 1990. Prior to moving to Lombard Odier Darier Hentsch & Cie, Giuliano Mazzoni headed up UBS's Geneva department for new issues of fixed-interest and convertible bonds
Jerome Hemard01/08/2008Jerome Hemard graduated with a Master of Science in Data Processing and Software Engineering from the International Graduate School of Data Processing Software Engineering (E.I.S.T.I.) in Paris in 1996 and with a Master of Science in Finance from the Université Paris IX – Dauphine in 2000. He started his financial professional career in 2000 as an equity derivatives trader at Calyon Bank in Paris. In 2005 he joined Covea Finance in Paris where he hold different portfolio manager positions in the fields of convertible bond management, credit fund co-management and structured equity investments. Since January 1st Jérôme works in the Lombard Odier Darier Hentsch headquarter in Geneva as a co-manager of the LODH Convertible Bond Funds.
Arnaud Gernath05/12/2011Arnaud Genhard joined the Lombard Odier group in December 2011 as portfolio manager for convertible bonds. Arnaud started his career at Schelcher-Prince Finance (subsidiary of CPR and now part of Credit Agricole Group) in 1996 as a convertible and high-yield bond market-maker. In 2002, he joined Fortis Bank in London as a proprietary trader. From 2004 to 2006, he worked as a hedge-fund manager at Neuflize-Arbitrage managing a multi-strategy fund. From 2006 to 2009, he held the position of EMEA CB market-maker at JP Morgan and then at Morgan Stanley in London. In March 2009, he set up the convertible and high yield bond desk at HPC SA and was promoted in February 2011 to the position of Head of UK sales for all activities at HPC SA London Branch. Arnaud is a certified Actuary from the Institut de Science Financiere et d'Assurances of Lyon.
Nathalia Barazal01/08/2004Nathalia Barazal joined Lombard Odier Darier Hentsch & Cie in 2004 as portfolio manager for convertible bonds. She is currently heading the portfolio management team for convertible bonds. Prior to joining LODH, Nathalia worked for Cyril Finance AM in France as head of portfolio management for convertible bonds. Previously she worked for JP Morgan IM in France as an assistant portfolio manager for bond and money market investments. Nathalia graduated in Financial Economics from the Audencia Nantes Business School, France in 1997.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Italy, Republic Of Korea, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
LO Convertible Bond (CHF) I D
Initial charge5%
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price28.415
CurrencyCHF
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFIDS
LO Convertible Bond (CHF) M D
Initial charge5%
Annual charge0.72%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price26.4466
CurrencyCHF
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFIDU
LO Convertible Bond (CHF) P D
Initial charge5%
Annual charge0.65%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price25.9552
CurrencyCHF
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFIDR
LO Convertible Bond (CHF) S A
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.08%
Bid price-
Offer price-
Mid price29.9448
CurrencyCHF
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFIDT
LO Convertible Bond (CHF) Systematic Hedged I A
Initial charge5%
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price22.2987
CurrencyCHF
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFEYT
LO Convertible Bond (CHF) Systematic Hedged M A
Initial charge5%
Annual charge0.72%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price10.9436
CurrencyCHF
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFFER
LO Convertible Bond (CHF) Systematic Hedged P A
Initial charge5%
Annual charge0.65%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price21.8503
CurrencyCHF
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFIBY
LO Convertible Bond (EUR) I A
Initial charge5%
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price18.4098
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC2Z3
LO Convertible Bond (EUR) I D
Initial charge5%
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price17.6043
CurrencyEUR
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFBN4
LO Convertible Bond (EUR) M A
Initial charge5%
Annual charge0.72%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price17.6939
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF5VN
LO Convertible Bond (EUR) M D
Initial charge5%
Annual charge0.72%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price16.9164
CurrencyEUR
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF5VO
LO Convertible Bond (EUR) P A
Initial charge5%
Annual charge0.65%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.62%
Bid price-
Offer price-
Mid price17.3078
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLJ51
LO Convertible Bond (EUR) P D
Initial charge5%
Annual charge0.65%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.62%
Bid price-
Offer price-
Mid price16.6422
CurrencyEUR
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLJ52
LO Convertible Bond (EUR) R A
Initial charge3%
Annual charge0.65%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.24%
Total expense ratio (TER)2.22%
Bid price-
Offer price-
Mid price16.5669
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeD1P0
LO Convertible Bond (EUR) R D
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.24%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI7B4
LO Convertible Bond (EUR) S A
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.08%
Bid price-
Offer price-
Mid price18.7728
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFHCM
LO Convertible Bond (GBP) Systematic Hedged I A
Initial charge5%
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.8825
CurrencyGBP
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7CH
LO Convertible Bond (GBP) Systematic Hedged M A
Initial charge-
Annual charge0.72%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.8701
CurrencyGBP
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE1JM
LO Convertible Bond (GBP) Systematic Hedged P A
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.8315
CurrencyGBP
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE65W
LO Convertible Bond (USD) I D
Initial charge5%
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price24.9788
CurrencyUSD
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFJKI
LO Convertible Bond (USD) M D
Initial charge5%
Annual charge0.72%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price25.6509
CurrencyUSD
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFIDW
LO Convertible Bond (USD) P D
Initial charge5%
Annual charge0.65%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price25.1737
CurrencyUSD
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFIDV
LO Convertible Bond (USD) Systematic Hedged I A
Initial charge5%
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price24.9788
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFETU
LO Convertible Bond (USD) Systematic Hedged M A
Initial charge5%
Annual charge0.72%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price11.1839
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFGDY
LO Convertible Bond (USD) Systematic Hedged P A
Initial charge5%
Annual charge0.65%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price11.0062
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFFFI
Data provided by

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