Fact sheet: LO AsiaValBd

Fund information

Fund name
LO Asia Value Bond PA USD
Fund company manager
Lombard Odier
Fund type
SIB
Fund manager(s)
T. Wang
since 01/12/2016
T. Bracey
since 01/12/2016
D. Bajaj
since 01/12/2016
Kenneth Kwan
since 01/12/2016
Fund objective
LO Funds - Asia Value Bond is an actively managed long-only bond fund focusing on Asia-Pacific (including Japan) issuers predominantly in USD. The Fund adopts a strong total return philosophy and generates returns from both interest accrued as well as capital appreciation from yield and credit spread compression. In addition, it follows an unconstrained allocation approach and value-orientation in security selection. The Fund is non-benchmarked, and instead aims to deliver 4% to 6% annually with a volatility within 4%. The Fund invests across the debt capital structure (senior, subordinate) and debt classes (sovereigns, corporates, financials). The average rating quality of the Fund is intended to be Investment Grade. To provide more flexibility and opportunity, the Fund has allowable limits for High Yield and non-Asian issuers.
Benchmark
-
Investment style
None
Investment method
Fixed Interest

Quick stats

1 Year return

7 %

1 Year rank in sector

5/32

Sector

FO Fixed Int - Asia Pacific

Yield
-
Fund size

£ 860.4 m

FE Risk score
-
NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • China
    22.9%
  • Others
    17.81%
  • Indonesia
    15.6%
  • Australia
    12.94%
  • Japan
    10.19%
  • BBB
    48.9%
  • B
    19.2%
  • BB
    17%
  • A
    14.9%
  • Chinese Fixed Interest
    22.9%
  • Global Fixed Interest
    17.81%
  • Indonesian Fixed Interest
    15.6%
  • Australian Fixed Interest
    12.94%
  • Japanese Fixed Interest
    10.19%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.78 %3.85 %7 %23.56 %0 %
Sector0.39 %2.56 %2.89 %8.08 %10.45 %
Rank within sector6 / 347 / 335 / 325 / 25 /
Quartile th1 st1 st1 st1 st th

Calendar performance

YTD-20172016201520142013
Fund9.23 %14.89 %-2.11 %7.6 %0 %
Sector6.26 %4.65 %-2.04 %3.68 %-3.34 %
Rank within sector4 / 334 / 3017 / 255 / 22 /
Quartile th1 st1 st3 rd1 st th

Risk statistics

Alpha4.23
Beta1.2
Sharpe0.64
Volatility5.8
Tracking error2.68
Information ratio1.74
R-Squared0.81

Price movement

52 week high136.6483
52 week low123.7604
Current bid price0
Current offer price0
Current mid price136.6483

Holdings by region

  • 22.9% China
  • 17.81% Others
  • 15.6% Indonesia
  • 12.94% Australia
  • 10.19% Japan
  • 8.33% India
  • 4.65% Turkey
  • 4.06% Singapore
  • 3.53% Philippines

Holdings by sector

  • 48.9% BBB
  • 19.2% B
  • 17% BB
  • 14.9% A

Holdings by asset type

  • 22.9% Chinese Fixed Interest
  • 17.81% Global Fixed Interest
  • 15.6% Indonesian Fixed Interest
  • 12.94% Australian Fixed Interest
  • 10.19% Japanese Fixed Interest
  • 8.33% Indian Fixed Interest
  • 4.65% Middle East & African Fixed Interest
  • 4.06% Singapore Fixed Interest
  • 3.53% Philippine Fixed Interest

Individual holdings

  • 3% MEIJI YASUDA LIFE INS CO 5.2% BDS 20/10/45 USD200000
  • 2.6% HAOHUA 4 1/8 07/19/27
  • 2.5% MINCAP 4 5/8 08/10/30
  • 2.4% BHP BILLITON FINANCE 6.75% UNDATED BDS USD200000
  • 2.3% SINOPE 4 09/13/47
  • 2.2% PARKWAY PANTAI LIMITED 4.25% NTS 27/07/47 USD200000REG S
  • 2.1% SOFTBANK GROUP CORP 6.875% UNDATED NTS USD200000
  • 2% AUSTRALIA & NEW ZEALAND BANKING GRP 6.75% UNDATED BDS USD200000
  • 2% PERUSAHAAN LISTRIK NEGARA PT 4.125% BDS 15/05/27 USD200000
  • 1.9% WANDA COMMERCIAL PROPERTIES 7.25% BDS 29/01/24 USD200000