Fact sheet: LO Euro Cr Bd

Fund information

Fund name
LO Euro Credit Bond R A
Fund company manager
Lombard Odier
Fund type
SIB
Fund manager(s)
Yannik Zufferey
since 31/10/2016
Jerome Collet
since 31/12/2014
Ashton Parker
since 31/10/2016
Fund objective
LO Funds - Euro Credit Bond is a long-only corporate bond strategy launched in February 2000. It invests mainly in investment grade euro denominated corporate bonds, as well as covered bonds, governmental agencies, supranational, local authorities, and foreign sovereign bonds issued in euro. It seeks to outperform the Barclays Euro Aggregate 500MM ex-Treasury Index over the long term. The core allocation is achieved by replicating the market-cap index in the most cost-effective way for a given level of tracking error. The investment team also provides a credit overlay to this core allocation using a combination of fundamental, relative value and technical inputs. This may result in higher or lower weightings to specific issuers and issues. The team does not seek to actively take duration, yield curve or currency risk. Risk management is performed by fund managers at a portfolio level, alongside independent teams who manage investment risks and monitor operational risks.
Benchmark
Barclays Euro Aggregate 500MM Ex-Treasury
Investment style
None
Investment method
Fixed Interest

Quick stats

1 Year return

0.89 %

1 Year rank in sector

62/65

Sector

FO Fixed Int - EUR Corporate Bond

Yield
-
Fund size

£ 31.9 m

FE Risk score

82

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Europe
    96.5%
  • Money Market
    3.5%
  • Industrials
    32.49%
  • Financials
    28.93%
  • Government Agency Bonds
    12.29%
  • Mortgage & Secured Bonds
    10.19%
  • Local Government Bonds
    4.14%
  • European Fixed Interest
    96.5%
  • Money Market
    3.5%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.66 %0.76 %0.89 %-0.29 %8.49 %
Sector-0.33 %1.46 %3.03 %6.24 %16.73 %
Rank within sector62 / 6859 / 6762 / 6563 / 6351 / 52
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Calendar performance

YTD-20182017201620152014
Fund-0.13 %0.69 %1.67 %-1.99 %7.26 %
Sector0.05 %2.87 %4.74 %-1.02 %6.9 %
Rank within sector58 / 6861 / 6564 / 6456 / 6336 / 57
Quartile th4 th4 th4 th4 th3 rd

Risk statistics

Alpha-1.6
Beta0.8
Sharpe-0
Volatility2.67
Tracking error1.2
Information ratio-1.68
R-Squared0.85

Price movement

52 week high12.9184
52 week low12.6112
Current bid price0
Current offer price0
Current mid price12.814

Holdings by region

  • 96.5% Europe
  • 3.5% Money Market

Holdings by sector

  • 32.49% Industrials
  • 28.93% Financials
  • 12.29% Government Agency Bonds
  • 10.19% Mortgage & Secured Bonds
  • 4.14% Local Government Bonds
  • 3.97% Fixed Interest
  • 2.18% Utilities
  • 2.04% Money Market
  • 1.78% Derivatives
  • 1.62% Government Bonds

Holdings by asset type

  • 96.5% European Fixed Interest
  • 3.5% Money Market

Individual holdings

-