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

-0.53 %

1 Year rank in sector

234/308

Sector

FO Fixed Int - Global

Yield
-
Fund size

£ 273.7 m

FE Risk score

65

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • International
    98.3%
  • Money Market
    1.7%
  • Industrials
    71.91%
  • Financials
    21.47%
  • Utilities
    3.63%
  • Money Market
    1.72%
  • Derivatives
    1.2%
  • Global Fixed Interest
    98.3%
  • Money Market
    1.7%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.84 %-3.03 %-0.53 %9.14 %16.65 %
Sector0.11 %1.66 %1.73 %6.22 %9.18 %
Rank within sector36 / 345311 / 331234 / 30867 / 25242 / 188
Quartile th1 st4 th4 th2 nd1 st

Calendar performance

YTD-20172016201520142013
Fund-1.96 %4.33 %3.26 %12.63 %-1.87 %
Sector3.47 %4.59 %-1.64 %3.66 %-1.56 %
Rank within sector296 / 317122 / 28523 / 25617 / 220109 / 196
Quartile th4 th2 nd1 st1 st3 rd

Risk statistics

Alpha0.94
Beta0.89
Sharpe-0
Volatility5.9
Tracking error5.41
Information ratio0.11
R-Squared0.16

Price movement

52 week high12.067
52 week low11.4734
Current bid price0
Current offer price0
Current mid price11.6765

Holdings by region

  • 98.3% International
  • 1.7% Money Market

Holdings by sector

  • 71.91% Industrials
  • 21.47% Financials
  • 3.63% Utilities
  • 1.72% Money Market
  • 1.2% Derivatives
  • 0.07% Fixed Interest

Holdings by asset type

  • 98.3% Global Fixed Interest
  • 1.7% Money Market

Individual holdings

-