Fact sheet: LO Convertible Bd

Fund information

Fund name
LO Convertible Bond (EUR) R A
Fund company manager
Lombard Odier
Fund type
SIB
Fund manager(s)
Giuliano Mazzoni
since 09/12/2002
Jerome Hemard
since 01/08/2008
Arnaud Gernath
since 05/12/2011
Nathalia Barazal
since 01/08/2004
Fund objective
LO Funds - Convertible Bond is an actively managed long-only global convertible bond strategy launched in December 2002. It invests mainly in global convertible bonds with a balanced profile. It seeks to deliver asymmetrical performance over the medium to long-term, profiting from equity market upturns while benefiting from the downside protection of a fixed income structure with a fraction of the volatility of equities. The investment approach is based on in-depth fundamental and technical research and combines ‘top-down’ economic analysis with ‘bottom-up’ stock selection. Two final hurdles include a minimum issue size of USD 150 mn (for liquidity purposes) and a minimum credit rating of B- (reflecting the search for an investment grade quality for the portfolio).
Benchmark
Thomson Reuters Global Convertible Composite
Investment style
None
Investment method
Convertibles

Quick stats

1 Year return

3.74 %

1 Year rank in sector

54/77

Sector

FO Convertible

Yield
-
Fund size

£ 4.7 b

FE Risk score

37

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Europe
    39%
  • USA
    19.5%
  • Asia
    16.8%
  • Money Market
    13.5%
  • Japan
    10%
  • BBB
    36.8%
  • A
    24.7%
  • BB
    18.2%
  • Money Market
    13.5%
  • B
    4.5%
  • European Fixed Interest
    39%
  • US Fixed Interest
    19.5%
  • Asia Pacific Fixed Interest
    16.8%
  • Money Market
    13.5%
  • Japanese Fixed Interest
    10%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.43 %1.64 %3.74 %4.78 %18.47 %
Sector1.64 %2.61 %6.23 %10.83 %24.25 %
Rank within sector43 / 7949 / 7854 / 7757 / 6633 / 52
Quartile th3 rd3 rd3 rd4 th3 rd

Calendar performance

YTD-20182017201620152014
Fund1.59 %2.31 %-1.86 %3.01 %4.23 %
Sector1.63 %5.22 %0.75 %2.92 %2.27 %
Rank within sector41 / 7855 / 7760 / 7333 / 6517 / 59
Quartile th3 rd3 rd4 th3 rd2 nd

Risk statistics

Alpha-1.32
Beta0.84
Sharpe-0
Volatility4.72
Tracking error1.54
Information ratio-1.15
R-Squared0.93

Price movement

52 week high17.1798
52 week low16.4952
Current bid price0
Current offer price0
Current mid price17.1416

Holdings by region

  • 39% Europe
  • 19.5% USA
  • 16.8% Asia
  • 13.5% Money Market
  • 10% Japan
  • 1.2% Others

Holdings by sector

  • 36.8% BBB
  • 24.7% A
  • 18.2% BB
  • 13.5% Money Market
  • 4.5% B
  • 2% Non-Rated
  • 0.3% AA

Holdings by asset type

  • 39% European Fixed Interest
  • 19.5% US Fixed Interest
  • 16.8% Asia Pacific Fixed Interest
  • 13.5% Money Market
  • 10% Japanese Fixed Interest
  • 1.2% Global Fixed Interest

Individual holdings

  • 3% AMXLMM 0 05/28/20
  • 1.9% CITRIX SYSTEMS -144A- 0.5%/14-15.04.2019
  • 1.7% SIEGR 1.65 08/16/19
  • 1.5% NXPI 1 12/01/19
  • 1.4% TOTAL SA 0.50% 12/2022
  • 1.3% CHCONS 0 01/05/23
  • 1.3% MICROCHIP TECHNOLOGY 1.625% BDS 15/02/27 USD1000 144A
  • 1.3% PCLN 0.9 09/15/21
  • 1.2% DPWDU 1.75% 2024
  • 1.2% SNE 0 09/30/22