Fact sheet: LO Gbl BBB-BB Fndmtl

Fund information

Fund name
LO Global BBB-BB Fundamental R A EUR
Fund company manager
Lombard Odier
Fund type
SIB
Fund manager
Jerome Collet
since 31/12/2014
Fund objective
Global BBB-BB Fundamental is a long-only corporate bond strategy launched in July 2012. It invests mainly in investment grade corporate bonds issued in EUR, GBP and USD, focusing on the cross-over between the investment grade and high yield universes (i.e. rated BBB, BB or equivalent). It seeks to deliver better risk-adjusted returns than traditional investment grade indices. The investment approach is two-fold: a beta allocation based on LOIM’s fundamentally weighted methodology, which differs from a traditional market-cap approach by allocating to sectors and companies based on fundamental criteria; and a credit overlay component aiming to identify and exploit inefficiencies at issuer and issue levels while preserving the fundamental top-down allocation. Risk management is performed by fund managers at a portfolio level, alongside independent teams who manage investment risks and monitor operational risks.
Benchmark
Barclays Global-Aggregate Corporates – 500MM
Investment style
None
Investment method
Fixed Interest

Quick stats

1 Year return

-1.53 %

1 Year rank in sector

257/306

Sector

FO Fixed Int - Global

Yield
-
Fund size

£ 274.2 m

FE Risk score

63

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • International
    97.7%
  • Money Market
    2.3%
  • Industrials
    72.84%
  • Financials
    20.55%
  • Utilities
    3.66%
  • Money Market
    2.34%
  • Derivatives
    0.61%
  • Global Fixed Interest
    97.7%
  • Money Market
    2.3%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.13 %-2.18 %-1.53 %7.91 %16.28 %
Sector0.01 %2.35 %2.2 %6.22 %9.68 %
Rank within sector159 / 345302 / 331257 / 30690 / 25648 / 185
Quartile th2 nd4 th4 th2 nd2 nd

Calendar performance

YTD-20172016201520142013
Fund-2.8 %4.33 %3.26 %12.63 %-1.87 %
Sector3.34 %4.59 %-1.64 %3.66 %-1.56 %
Rank within sector296 / 318121 / 28723 / 26016 / 224109 / 198
Quartile th4 th2 nd1 st1 st3 rd

Risk statistics

Alpha1.33
Beta0.81
Sharpe-0
Volatility5.9
Tracking error5.5
Information ratio0.15
R-Squared0.14

Price movement

52 week high12.067
52 week low11.4734
Current bid price0
Current offer price0
Current mid price11.5771

Holdings by region

  • 97.7% International
  • 2.3% Money Market

Holdings by sector

  • 72.84% Industrials
  • 20.55% Financials
  • 3.66% Utilities
  • 2.34% Money Market
  • 0.61% Derivatives

Holdings by asset type

  • 97.7% Global Fixed Interest
  • 2.3% Money Market

Individual holdings

-