Fact sheet: LO Euro Cr Bd

Fund information
Fund name
LO Euro Credit Bond R A
Fund manager company
Lombard Odier
Fund type
Offshore Fund
Fund managers
  • Vikki Lindstromsince 01/03/2012
  • Kevin Corrigansince 01/06/2010
  • Jerome Colletsince 31/12/2014
Fund objective
It invests mainly in investment grade corporate bonds issued in Euro. It seeks to deliver better risk-adjusted returns than traditional investment grade indices. The investment approach is two-fold a beta allocation based on LOIM methodology, which differs from a traditional market-cap approach by allocating to sectors and companies based on fundamental criteria; and a discretionary component reflecting the lead portfolio manager’s top-down views and investment rationale supported by bottom-up analysis from credit specialists within each sector
Benchmark
  • Barclays Euro Aggregate 500MM Ex-Treasury
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.7%
1 Year rank in sector
53/61
Sector
FO Fixed Int - EUR Investment Grade
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.
1.82%
Fund size
£106m (£105m 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.
63
Top in this sector
Fund name1 Year
Capital Group EBdFL26.7%
Russell IC II Euro FI25.1%
BlueBay Inv Grd € Govt Bd10.7%
Fidelity Core Euro Bond8.1%
Robeco Inv Grd Corp Bds7.9%
...more in FO Fixed Int - EUR Investment Grade

Performance snapshot

Holdings snapshot

  • Europe96.6%
    Money Market3.4%
  • Corporate Bonds41.7%
    Mortgage & Secured Bonds18.8%
    Government Agency Bonds16.4%
    Fixed Interest10.2%
    Local Government Bonds6.3%
  • European Fixed Interest96.6%
    Money Market3.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%1.7%2.4%3.7%10.3%21.8%
Sector-0.2%2.4%3.4%6.3%17.1%37.3%
Rank within sector31 / 6251 / 6252 / 6253 / 6150 / 5639 / 48
Quartile2nd4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund3.9%-2%7.3%0.7%10.3%
Sector5.7%-0.2%8.9%3.4%15.2%
Rank within sector53 / 6156 / 6045 / 5739 / 5130 / 48
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.
-0.88
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.
0.77
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.
-
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%.
2.55
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.
1.1
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.
-1.91
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.
0.89
Price movement
52 week high13.06
52 week low12.48
Current bid price-
Current offer price-
Current mid price13.02
Region
1Europe96.6%
2Money Market3.4%
Industry sector
1Corporate Bonds41.7%
2Mortgage & Secured Bonds18.8%
3Government Agency Bonds16.4%
4Fixed Interest10.2%
5Local Government Bonds6.3%
6Money Market3.4%
7Government Bonds3.1%
8Asset/Mortgage-Backed Securities0.1%
Asset type
1European Fixed Interest96.6%
2Money Market3.4%
Individual holdings
No data available.
Management
Fund manager group
Lombard Odier
Fund manager company
Lombard Odier
Fund type
Offshore Fund
Fund objective
It invests mainly in investment grade corporate bonds issued in Euro. It seeks to deliver better risk-adjusted returns than traditional investment grade indices. The investment approach is two-fold a beta allocation based on LOIM methodology, which differs from a traditional market-cap approach by allocating to sectors and companies based on fundamental criteria; and a discretionary component reflecting the lead portfolio manager’s top-down views and investment rationale supported by bottom-up analysis from credit specialists within each sector
Benchmark
  • Barclays Euro Aggregate 500MM Ex-Treasury
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Vikki Lindstrom01/03/2012Vikki Lindstrom is a Senior Credit Analyst within LOIM's Fixed Income & Currencies Team. She joined LOIM in July 2010. Prior to joining LOIM, Vikki was a senior credit analyst at Goldman Sachs Asset Management. Previously, she was head of credit research at Fischer Francis Trees & Watts from 2002 to 2007. Before that, she was a credit analyst at Gartmore Investment Management, and prior to that, she was at NatWest Group from 1999 to 2000, rating corporates that represented some of the bank's largest lending exposures. Before that, she rated companies at Syspas Limited from 1996. She began her career in accountancy at Dixon Wilson in 1992. Vikki earned a bachelor's degree in economics from Cambridge University in 1992. She is a CFA Charterholder and holds the Chartered Accountant designation.
Kevin Corrigan01/06/2010Kevin 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.
Jerome Collet31/12/2014Jérôme Collet joined Lombard Odier in 2010 as Quantitative Portfolio Manager in the fixed Income team. Previously he worked at the University of Reims (France) and Queensland University of Technology as a researcher in Finance and Statistics. He then joined Fortis Investments in March 2006 as a Risk Manager and Quantitative analyst in the Euro Fixed Income investment centre. Following Fortis Investments' merger with ABN AMRO Asset Management, Jérôme Collet became Quantitative strategist. As part of this role, he was in charge of developing and managing the quantitative strategies that are systematically implemented across our portfolios. He graduated in Mathematics. In 2003, he obtained his Ph.D in mathematics at the University of Reims (France).
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, France, United Kingdom, Italy, Liechtenstein, Luxembourg, Namibia, Netherlands, Offshore, Singapore, Sweden
LO Euro Credit Bond I A
Initial charge5%
Annual charge0.45%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.67%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price13.8631
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI7G6
LO Euro Credit Bond I D
Initial charge5%
Annual charge0.45%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.61%
Bid price-
Offer price-
Mid price11.0431
CurrencyEUR
Price updated21/06/2013
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI7G7
LO Euro Credit Bond M A
Initial charge5%
Annual charge0.5%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.87%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price13.5933
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF5WK
LO Euro Credit Bond P A
Initial charge5%
Annual charge0.45%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price13.3884
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG5R6
LO Euro Credit Bond P D
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.28%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI7G8
LO Euro Credit Bond R A
Initial charge3%
Annual charge0.45%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.82%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price13.0216
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI7G9
LO Euro Credit Bond R D
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI7H0
LO Euro Credit Bond 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 price14.9774
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFQF9
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.