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(s)
Ashton Parker
since 31/10/2016
Yannik Zufferey
since 31/10/2016
Jerome Collet
since 31/12/2014
Fund objective
LO Funds - 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

-2.29 %

1 Year rank in sector

278/306

Sector

FO Fixed Int - Global

Yield
-
Fund size

£ 291.5 m

FE Risk score

65

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • International
    96.9%
  • Money Market
    3.1%
  • Industrials
    70.81%
  • Financials
    24.78%
  • Utilities
    2.87%
  • Derivatives
    1.19%
  • Government Agency Bonds
    0.15%
  • Global Fixed Interest
    96.9%
  • Money Market
    3.1%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-1.38 %-1.14 %-2.29 %1.78 %16.28 %
Sector0.11 %1.45 %3.51 %6.13 %8.74 %
Rank within sector317 / 343300 / 328278 / 306186 / 24040 / 182
Quartile th4 th4 th4 th4 th1 st

Calendar performance

YTD-20182017201620152014
Fund-0.44 %-2.4 %4.33 %3.26 %12.63 %
Sector0.19 %3.67 %4.59 %-1.64 %3.66 %
Rank within sector295 / 341279 / 304114 / 27023 / 23917 / 207
Quartile th4 th4 th2 nd1 st1 st

Risk statistics

Alpha-0.22
Beta0.94
Sharpe-0
Volatility5.94
Tracking error5.39
Information ratio-0.09
R-Squared0.17

Price movement

52 week high12.067
52 week low11.4734
Current bid price0
Current offer price0
Current mid price11.5734

Holdings by region

  • 96.9% International
  • 3.1% Money Market

Holdings by sector

  • 70.81% Industrials
  • 24.78% Financials
  • 2.87% Utilities
  • 1.19% Derivatives
  • 0.15% Government Agency Bonds
  • 0.12% Money Market
  • 0.08% Fixed Interest

Holdings by asset type

  • 96.9% Global Fixed Interest
  • 3.1% Money Market

Individual holdings

-