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

-1.57 %

1 Year rank in sector

252/305

Sector

FO Fixed Int - Global

Yield
-
Fund size

£ 289.2 m

FE Risk score

60

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • International
    98.1%
  • Money Market
    1.9%
  • Industrials
    73.52%
  • Financials
    20.4%
  • Utilities
    3.76%
  • Money Market
    1.85%
  • Derivatives
    0.47%
  • Global Fixed Interest
    98.1%
  • Money Market
    1.9%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-2.01 %-2.03 %-1.57 %10.55 %16.5 %
Sector-0.03 %2.62 %2.04 %5.28 %10.77 %
Rank within sector315 / 339310 / 327252 / 30549 / 26353 / 188
Quartile th4 th4 th4 th1 st2 nd

Calendar performance

YTD-20172016201520142013
Fund-2.42 %4.33 %3.26 %12.63 %-1.87 %
Sector2.78 %4.59 %-1.64 %3.66 %-1.56 %
Rank within sector305 / 323123 / 29123 / 26616 / 231113 / 204
Quartile th4 th2 nd1 st1 st3 rd

Risk statistics

Alpha2.68
Beta0.87
Sharpe0.09
Volatility5.91
Tracking error5.41
Information ratio0.43
R-Squared0.16

Price movement

52 week high12.067
52 week low11.5953
Current bid price0
Current offer price0
Current mid price11.6218

Holdings by region

  • 98.1% International
  • 1.9% Money Market

Holdings by sector

  • 73.52% Industrials
  • 20.4% Financials
  • 3.76% Utilities
  • 1.85% Money Market
  • 0.47% Derivatives

Holdings by asset type

  • 98.1% Global Fixed Interest
  • 1.9% Money Market

Individual holdings

-