Fact sheet: LO Glbl Corp Fun

Fund information

Fund name
LO Global Corporate Fundamental (USD) N
Fund company manager
Lombard Odier
Fund type
SIB
Fund manager
Ashton Parker
since 31/10/2016
Fund objective
LO Funds - Global Corporate Fundamental is a systematic rule-based UCITS portfolio. Its long-only corporate bond strategy has been in place since December 2012. It invests mainly in EUR, GBP and USD denominated investment grade corporate bonds. It seeks to replicate the LOIM Global Corporate Index and achieve higher risk-adjusted returns compared with traditional fixed income market-cap indices. It follows a proprietary fundamentally weighted approach that aims to gauge potential default risks by questioning the revenue to debt ratio of each issuer through a spectrum of top-down and bottom-up indicators. To achieve this, an economic allocation at region and sector (top-down) as well as issuer (bottom-up) levels is applied. In addition, adjustments to take the liquidity of each bond into account and to assess the issuer’s risk/reward profile in terms of credit spread are incorporated. Risk management is performed by fund managers at a portfolio level, alongside independent teams who oversee investment risks and operational risks.
Benchmark
Barclays Global-Aggregate Corporates – 500MM
Investment style
None
Investment method
Fixed Interest

Quick stats

1 Year return

1.67 %

1 Year rank in sector

119/303

Sector

FO Fixed Int - Global

Yield
-
Fund size

£ 195.4 m

FE Risk score

62

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • International
    97.2%
  • Money Market
    2.8%
  • Industrials
    73.69%
  • Financials
    20.71%
  • Utilities
    3.85%
  • Money Market
    1.75%
  • Global Fixed Interest
    97.2%
  • Money Market
    2.8%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.37 %7 %1.67 %-1.3 %0 %
Sector0.77 %2.49 %1.59 %5.71 %11.03 %
Rank within sector61 / 33921 / 326119 / 303216 / 258 /
Quartile th1 st1 st2 nd4 th th

Calendar performance

YTD-20172016201520142013
Fund8.02 %1.15 %-6.45 %1.08 %0.91 %
Sector3.25 %4.59 %-1.64 %3.66 %-1.56 %
Rank within sector22 / 319234 / 286241 / 262170 / 22753 / 200
Quartile th1 st4 th4 th3 rd2 nd

Risk statistics

Alpha-2.56
Beta1.33
Sharpe-0
Volatility5.57
Tracking error4.29
Information ratio-0.48
R-Squared0.43

Price movement

52 week high10.5446
52 week low9.5083
Current bid price0
Current offer price0
Current mid price10.426

Holdings by region

  • 97.2% International
  • 2.8% Money Market

Holdings by sector

  • 73.69% Industrials
  • 20.71% Financials
  • 3.85% Utilities
  • 1.75% Money Market

Holdings by asset type

  • 97.2% Global Fixed Interest
  • 2.8% Money Market

Individual holdings

-