Fact sheet: LO SwisFranc CrdBd Forgn

Fund information
Fund name
LO Swiss Franc Credit Bond (Foreign) R A
Fund manager company
Lombard Odier
Fund type
Offshore Fund
Fund managers
  • Markus Thönysince 01/01/2012
  • Yannik Zuffereysince 31/05/2010
  • Marc Van Heemssince 30/08/2015
  • David Perezsince 31/08/2011
Fund objective
The sub-fund invests in bonds from foreign public or private issuers. At least two thirds of assets are invested in Swiss franc-denominated securities graded from A to BBB. The security selection process consists of three sources of performance (sectors, issuers, issues) and combines a topdown (credit market analysis) and bottom-up (issuer-specific risks) approach.
Benchmark
  • SBI Foreign A-BBB
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-0.2%
1 Year rank in sector
19/31
Sector
FO Fixed Int - Other Single Currency
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.
1.5%
Fund size
£439m (£310m 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
HSBC GIF Brazil Bond35.1%
Aberdeen Gbl Brazil Bond28.4%
Baring China Bond17.6%
Aberdeen Gbl Indian Bond12.3%
Nordea 1 Swedish Bond3.1%
...more in FO Fixed Int - Other Single Currency

Performance snapshot

Holdings snapshot

  • Europe99.8%
    Money Market0.2%
  • Financials41.2%
    Industrials36.5%
    Government Agency Bonds6.8%
    Utilities4.7%
    Local Government Bonds3.1%
  • European Fixed Interest99.8%
    Money Market0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.8%-1.7%-1%-0.2%2.1%11.7%
Sector-1.7%-2.4%-0.8%1.3%5%9.8%
Rank within sector11 / 3113 / 3117 / 3119 / 3114 / 246 / 21
Quartile2nd2nd3rd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund0.5%-0.9%2.5%1.7%7.5%
Sector1.7%-0.9%4.2%-0.3%4.3%
Rank within sector18 / 3116 / 2714 / 246 / 222 / 21
Quartile3rd3rd3rd2nd1st
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.
-0.53
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.
0.76
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%.
1.92
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.
1.28
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.
-0.72
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.
0.62
Price movement
52 week high13.55
52 week low13.14
Current bid price-
Current offer price-
Current mid price13.32
Region
1Europe99.8%
2Money Market0.2%
Industry sector
1Financials41.2%
2Industrials36.5%
3Government Agency Bonds6.8%
4Utilities4.7%
5Local Government Bonds3.1%
6Mortgage & Secured Bonds2.7%
7Government Bonds2.5%
8Fixed Interest2.1%
9Asset/Mortgage-Backed Securities0.2%
Asset type
1European Fixed Interest99.8%
2Money Market0.2%
Individual holdings
No data available.
Management
Fund manager group
Lombard Odier
Fund manager company
Lombard Odier
Fund type
Offshore Fund
Fund objective
The sub-fund invests in bonds from foreign public or private issuers. At least two thirds of assets are invested in Swiss franc-denominated securities graded from A to BBB. The security selection process consists of three sources of performance (sectors, issuers, issues) and combines a topdown (credit market analysis) and bottom-up (issuer-specific risks) approach.
Benchmark
  • SBI Foreign A-BBB
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Markus Thöny01/01/2012Markus Thöny is a Fixed Income Portfolio Manager within LOIM's Fixed Income & Currencies Group. He joined LOIM in January 2012. Markus is recognized as a portfolio manager with strong experience of global fixed income markets and a proven ability of developing world-class investment solutions that combine both qualitative and quantitative investment techniques. Prior to joining LOIM, he was a portfolio manager at Zürcher Kantonalbank, where he managed Swiss, European and global fixed income portfolios for institutional investors and developed new products and tailor-made client solutions from 2008 to 2011. He began his career as a quantitative analyst with focus on all aspects of asset management, including financial market modeling, forecasting, portfolio optimization and asset allocation at the same firm in 2001. Markus earned a master's degree in mathematics from the Swiss Federal Institute of Technology in 2001. He also holds a master's degree in quantitative finance from the University of Zurich.
Yannik Zufferey31/05/2010Yannik 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.
Marc Van Heems30/08/2015
David Perez31/08/2011David Perez joined the Fixed Income team of Lombard Odier Investment Managers (LOIM) in 2010 as an analyst. He began his career as an analyst at Lombard Odier in Geneva where he joined the Investment Advisory team for the private clients of Lombard Odier. Six months later, he joined the Risk Management team to work with the person in charge of covering the Fixed Income team. In October 2010, he moved to London to join the Credit team to carry out credit analysis of Swiss issuer. David Perez holds a MSc. in Finance with a specialization in Financial Engineering and Risk Management from HEC Lausanne.
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, Sweden
LO Swiss Franc Credit Bond (Foreign) I A
Initial charge5%
Annual charge0.35%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price14.0189
CurrencyCHF
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI7H1
LO Swiss Franc Credit Bond (Foreign) I D
Initial charge5%
Annual charge0.35%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price13.6987
CurrencyCHF
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI7H2
LO Swiss Franc Credit Bond (Foreign) M A
Initial charge5%
Annual charge0.39%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price13.8297
CurrencyCHF
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF5XS
LO Swiss Franc Credit Bond (Foreign) M D
Initial charge5%
Annual charge0.39%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price10.7426
CurrencyCHF
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF5XT
LO Swiss Franc Credit Bond (Foreign) P A
Initial charge5%
Annual charge0.35%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price13.666
CurrencyCHF
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLJ69
LO Swiss Franc Credit Bond (Foreign) P D
Initial charge5%
Annual charge0.35%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price10.659
CurrencyCHF
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLJ70
LO Swiss Franc Credit Bond (Foreign) R A
Initial charge3%
Annual charge0.35%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price13.324
CurrencyCHF
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI7H3
LO Swiss Franc Credit Bond (Foreign) R Dis
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI7H4
LO Swiss Franc Credit Bond (Foreign) S Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI7H5
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