Fact sheet: LO €GovFndmtl

Fund information

Fund name
LO Euro Government Fundamental R A
Fund company manager
Lombard Odier
Fund type
SIB
Fund manager(s)
Yannik Zufferey
since 31/10/2016
Sara Razmpa
since 31/10/2016
Salaman Ahmed
since 01/01/2013
Fund objective
LO Funds - Euro Government Fundamental is a systematic rule-based UCITS portfolio. Its long-only euro fixed income strategy has been in place since April 2011. It invests mainly in EMU sovereign bonds. It seeks to replicate the LOIM Euro Government Index and achieve higher risk-adjusted returns compared with traditional fixed income market-cap indices. It follows a proprietary fundamentally weighted approach that aims to gauge potential default risks by questioning the revenue to debt ratio of each issuer through a spectrum of fundamental factors. To achieve this, an economic allocation which includes macroeconomic, credit, social and demographic factors at the country level is applied. In addition, adjustments to take the liquidity of each bond into account and to assess the issuer’s risk/reward profile in terms of yield are incorporated. Risk management is performed by fund managers at a portfolio level, alongside independent teams who oversee investment risks and operational risks.
Benchmark
IO Barclays EUR Treasury
Investment style
Active
Investment method
Fixed Interest

Quick stats

1 Year return

-0.53 %

1 Year rank in sector

28/32

Sector

FO Fixed Int - EUR Government

Yield
-
Fund size

£ 25.5 m

FE Risk score

89

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Others
    28.67%
  • Germany
    13.37%
  • Netherlands
    10.46%
  • Italy
    9.19%
  • Luxembourg
    8.47%
  • AAA
    32.29%
  • AA
    27.05%
  • BBB
    20.52%
  • A
    19.61%
  • Money Market
    0.53%
  • Global Fixed Interest
    28.67%
  • German Fixed Interest
    13.37%
  • Dutch Fixed Interest
    10.46%
  • Italian Fixed Interest
    9.19%
  • Luxembourg Fixed Interest
    8.47%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.85 %0.24 %-0.53 %-1.56 %9.97 %
Sector-0.79 %0.51 %0.75 %1.36 %15.72 %
Rank within sector27 / 3425 / 3428 / 3227 / 2921 / 24
Quartile th4 th3 rd4 th4 th4 th

Calendar performance

YTD-20182017201620152014
Fund-0.33 %-1.44 %1.9 %-0.38 %10.13 %
Sector-0.19 %0.12 %2.22 %0.4 %11.39 %
Rank within sector22 / 3429 / 3124 / 2926 / 2923 / 27
Quartile th3 rd4 th4 th4 th4 th

Risk statistics

Alpha-0.87
Beta0.99
Sharpe-0
Volatility4.35
Tracking error1.03
Information ratio-0.86
R-Squared0.94

Price movement

52 week high12.4723
52 week low12.1781
Current bid price0
Current offer price0
Current mid price12.2881

Holdings by region

  • 28.67% Others
  • 13.37% Germany
  • 10.46% Netherlands
  • 9.19% Italy
  • 8.47% Luxembourg
  • 8.15% France
  • 7.52% Slovenia
  • 6.91% Spain
  • 6.73% Austria
  • 0.53% Money Market

Holdings by sector

  • 32.29% AAA
  • 27.05% AA
  • 20.52% BBB
  • 19.61% A
  • 0.53% Money Market

Holdings by asset type

  • 28.67% Global Fixed Interest
  • 13.37% German Fixed Interest
  • 10.46% Dutch Fixed Interest
  • 9.19% Italian Fixed Interest
  • 8.47% Luxembourg Fixed Interest
  • 8.15% French Fixed Interest
  • 7.52% Slovenian Fixed Interest
  • 6.91% Spanish Fixed Interest
  • 6.73% Austrian Fixed Interest
  • 0.53% Money Market

Individual holdings

-