Fact sheet: LO EmgLocCurBdFndmtl

Fund information
Fund name
LO Emerging Local Currency Bond Fundamental (EUR) R A
Fund manager company
Lombard Odier
Fund type
Offshore Fund
Fund managers
  • Kevin Corrigansince 31/12/2014
  • Salaman Ahmedsince 31/12/2014
  • Sara Razmpasince 31/12/2014
Fund objective
The Fund invests globally in fixed income securities issued by sovereign entities from emerging economies and denominated in local currencies, as well as in financial derivatives which are used to gain or hedge exposure to emerging currency short-term movements or long-term trends. It applies Lombard Odier Investment Managers' innovative fundamental weight driven (FWD) benchmark approach which determines each country allocation based on its economic fundamentals rather than its market capitalization, and therefore ensures higher allocations to sovereigns demonstrating a greater capacity to meet their obligations. Our Dynamically-hedged share class provide investors with a solution which determines the appropriate level of hedging while considering the risk environment.
Benchmark
  • J.P. Morgan Government Bond Index - Emerging Markets Global Index, Diversified
Investment style
Passive/Tracking
Investment method
Fixed Interest, Physical - Full
Quick stats
1 Year return
2.1%
1 Year rank in sector
188/218
Sector
FO Fixed Int - Emerging Markets
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.
2.86%
Fund size
£218m (£64m 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.
87
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$40.5%
Pictet Lat Am Lcl Cur Dt33.9%
Rubrics Ind Fxd Inc UCITS32.2%
Pioneer SICV-Emg Mkt Bd29%
Schroder ISF EmgMktBd28.3%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Others38.1%
    Russia10.9%
    India10.8%
    China8.3%
    Indonesia7.7%
  • BBB42.9%
    A26.3%
    BB17.3%
    AA13.2%
    Money Market0.3%
  • Global Fixed Interest38.1%
    Russian Fixed Interest10.9%
    Indian Fixed Interest10.8%
    Chinese Fixed Interest8.3%
    Indonesian Fixed Interest7.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.3%0.2%5.1%2.1%2.9%0.4%
Sector-4.2%-3.4%2.8%6%-0.2%6.2%
Rank within sector44 / 22724 / 22542 / 223188 / 218103 / 16871 / 100
Quartile1st1st1st4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund7.2%-3.5%1.4%-13.1%7.7%
Sector8.4%-7.3%-0.6%-7%14.7%
Rank within sector122 / 220100 / 20388 / 173123 / 12795 / 101
Quartile3rd2nd3rd4th4th
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.
0.66
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.
0.72
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%.
9.17
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.
7.83
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.
0.04
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.
0.31
Price movement
52 week high11.61
52 week low9.97
Current bid price-
Current offer price-
Current mid price11.16
Region
1Others38.1%
2Russia10.9%
3India10.8%
4China8.3%
5Indonesia7.7%
6Thailand6.4%
7Mexico6%
8Philippines6%
9Malaysia5.5%
Industry sector
1BBB42.9%
2A26.3%
3BB17.3%
4AA13.2%
5Money Market0.3%
Asset type
1Global Fixed Interest38.1%
2Russian Fixed Interest10.9%
3Indian Fixed Interest10.8%
4Chinese Fixed Interest8.3%
5Indonesian Fixed Interest7.7%
6Thai Fixed Interest6.4%
7Mexican Fixed Interest6%
8Philippine Fixed Interest6%
9Malaysian Fixed Interest5.5%
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 globally in fixed income securities issued by sovereign entities from emerging economies and denominated in local currencies, as well as in financial derivatives which are used to gain or hedge exposure to emerging currency short-term movements or long-term trends. It applies Lombard Odier Investment Managers' innovative fundamental weight driven (FWD) benchmark approach which determines each country allocation based on its economic fundamentals rather than its market capitalization, and therefore ensures higher allocations to sovereigns demonstrating a greater capacity to meet their obligations. Our Dynamically-hedged share class provide investors with a solution which determines the appropriate level of hedging while considering the risk environment.
Benchmark
  • J.P. Morgan Government Bond Index - Emerging Markets Global Index, Diversified
Investment style
Passive/Tracking
Investment method
Fixed Interest, Physical - Full
Fund managers
NameSinceBiography
Kevin Corrigan31/12/2014Kevin Corrigan is Head of Credit Management within LOIM's Fixed Income & Currencies Group. He joined LOIM in February 2010. Prior to joining LOIM, Kevin was executive director for European and sterling investment-grade portfolios at Goldman Sachs Asset Management from 2006 to 2009. Previously, he was a partner and co-head of global credit at Fischer Francis Trees & Watts, after first managing their European asset-backed securities and then building a team of portfolio managers and credit analysts in Europe and Asia. He began his career at JP Morgan in 1989. Kevin earned a bachelor's degree in English literature from the University of Reading in the United Kingdom in 1987 and is a fellow of the Association of Chartered Certified Accountants.
Salaman Ahmed31/12/2014Salman 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.
Sara Razmpa31/12/2014Sara 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.
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 Emerging Local Currency Bond Fundamental (CHF) I A
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price9.1034
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCBR
LO Emerging Local Currency Bond Fundamental (CHF) I D
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.1035
CurrencyCHF
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC1PT
LO Emerging Local Currency Bond Fundamental (CHF) M A
Initial charge5%
Annual charge0.66%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price9.0735
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF5VX
LO Emerging Local Currency Bond Fundamental (CHF) M D
Initial charge5%
Annual charge0.83%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.37%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price6.7709
CurrencyCHF
Price updated05/01/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF5VW
LO Emerging Local Currency Bond Fundamental (CHF) P A
Initial charge5%
Annual charge0.6%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price8.8427
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ3H4
LO Emerging Local Currency Bond Fundamental (CHF) P D
Initial charge5%
Annual charge0.6%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price6.9351
CurrencyCHF
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK9L0
LO Emerging Local Currency Bond Fundamental (CHF) S A
Initial charge-
Annual charge-
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.17%
Total expense ratio (TER)0.13%
Bid price-
Offer price-
Mid price10.294
CurrencyCHF
Price updated24/09/2014
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMCS2
LO Emerging Local Currency Bond Fundamental (EUR) I A
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price12.4885
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIIQ2
LO Emerging Local Currency Bond Fundamental (EUR) M A
Initial charge5%
Annual charge0.66%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price12.0924
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF5VZ
LO Emerging Local Currency Bond Fundamental (EUR) M D
Initial charge5%
Annual charge0.66%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.12%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price9.35
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF5VY
LO Emerging Local Currency Bond Fundamental (EUR) P A
Initial charge5%
Annual charge0.6%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.84%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price11.7849
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI8U6
LO Emerging Local Currency Bond Fundamental (EUR) P D
Initial charge5%
Annual charge0.6%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.88%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price9.2448
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK8A4
LO Emerging Local Currency Bond Fundamental (EUR) R A
Initial charge3%
Annual charge0.6%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.86%
Total expense ratio (TER)2.8%
Bid price-
Offer price-
Mid price11.1612
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ4Q6
LO Emerging Local Currency Bond Fundamental (EUR) S A
Initial charge-
Annual charge-
Min single investment£14,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.22%
Total expense ratio (TER)0.14%
Bid price-
Offer price-
Mid price13.1248
CurrencyEUR
Price updated28/05/2013
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code04L4
LO Emerging Local Currency Bond Fundamental (USD) I A
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price9.2236
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI6O7
LO Emerging Local Currency Bond Fundamental (USD) I D
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price10.059
CurrencyUSD
Price updated21/03/2014
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF2ZA
LO Emerging Local Currency Bond Fundamental (USD) M A
Initial charge5%
Annual charge0.66%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price8.9108
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF5WA
LO Emerging Local Currency Bond Fundamental (USD) P A
Initial charge5%
Annual charge0.6%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price8.6842
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIIQ1
LO Emerging Local Currency Bond Fundamental (USD) P D
Initial charge5%
Annual charge0.6%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.74%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price8.504
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0I52
LO Emerging Local Currency Bond Fundamental (USD) R A
Initial charge3%
Annual charge0.6%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.83%
Total expense ratio (TER)2.8%
Bid price-
Offer price-
Mid price8.234
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKKM2
LO Emerging Local Currency Bond Fundamental Dyn Hdg (CHF) I A
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price8.0527
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code05A1
LO Emerging Local Currency Bond Fundamental Dyn Hdg (CHF) M A
Initial charge5%
Annual charge0.83%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.37%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price7.9023
CurrencyCHF
Price updated26/02/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF5WB
LO Emerging Local Currency Bond Fundamental Dyn Hdg (CHF) P A
Initial charge5%
Annual charge0.6%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price7.6702
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code05A0
LO Emerging Local Currency Bond Fundamental Syst Hdg (EUR) PA
Initial charge5%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price7.2652
CurrencyEUR
Price updated30/11/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFHVC
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.