LOM News
02/13/09 - LOM Asset Management will launch a new Euro Fixed Income Fund on February 26th, 2009 12/03/08 - LOM Securities Cayman Ltd. Receives Cayman Islands Chamber of Commerce Corporate Citizen Award 1/21/09 - LOM's Bermuda office has repaired the telephone outage, you should be able to get through without any problems
USD Fixed Income Fund
Investment Objective
The LOM Fixed Income Fund is an absolute return, investment grade bond fund. The fund’s objective is to outperform short-term interest rates while preserving capital.
Management Style
The Fund invests in U.S government bonds and notes, corporate bonds, asset-backed securities, and foreign bonds. The Fund will focus on U.S Securities, but may invest up to 30% of total assets in US dollar denominated foreign debt. The average portfolio duration of this Fund normally varies within a two to five-year time frame based on LOM’s forecast for interest rates.
Fund Performance
All data as of July 28, 2010
| Year to Date Return | 1.86% |
| 1 Year Total Return | 6.27% |
| 3 Year Total Return | 15.79% |
| 5 Year Total Return | 23.68% |
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2010 | 0.6% | -0.1% | -0.2% | 0.8% | 0.0% | 0.2% | 0.3% | - | - | - | - | - | 1.86% |
2009 | 0.6% | 0.0% | 0.0% | 0.6% | 1.2% | 0.9% | 1.3% | 1.3% | 0.4% | 0.8% | 0.8% | 0.9% | 9.5% |
2008 | 1.2% | 0.5% | -0.6% | -0.1% | 1.3% | 0.0% | 0.0% | 0.7% | -1.2% | -0.9% | 0.4% | 0.6% | 0.9% |
2007 | 0.0% | 0.6% | 0.5% | 0.3% | -0.2% | 0.1% | 0.8% | 0.6% | 0.5% | 0.7% | 1.2% | 0.1% | 5.3% |
2006 | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% | 0.6% | 0.6% | 0.5% | 0.2% | 0.4% | 0.3% | 3.4% |
2005 | 0.0% | 0.0% | -0.4% | 0.7% | 0.3% | 0.2% | -0.2% | 0.2% | 0.3% | -0.1% | 0.2% | 0.3% | 1.7% |
2004 | 0.3% | 0.7% | -0.1% | -0.1% | -0.2% | 0.2% | 0.7% | 0.2% | 0.3% | 0.3% | -0.3% | 0.2% | 1.2% |
2003 | 0.3% | 0.8% | 0.1% | 0.0% | 0.8% | 0.1% | -1.0% | -0.2% | 0.9% | 0.0% | 0.1% | 0.6% | 2.4% |
2002 | 0.7% | 0.9% | -0.8% | 1.2% | 0.8% | 0.8% | 1.1% | 0.5% | 0.9% | -0.5% | 0.3% | 0.9% | 7.0% |
Top 10 Holdings
| Issuer | Coupon | Maturity | Weighting |
|---|---|---|---|
| US Treasury | 1.375% | 02/15/13 | 10.76% |
| US Treasury | 0.75% | 05/31/12 | 6.63% |
| De Kalb County GA | VRDN | 5/1/23 (7 day put) | 1.89% |
| Wyeth | 5.25% | 3/15/13 | 1.85% |
| Roche Holdings | 5.00% | 3/1/14 | 1.85% |
| Rio Tinto | 4.875% | 9/15/12 | 1.70% |
| US Treasury | 1.0% | 4/30/12 | 1.67% |
| Shell | 4.0% | 3/21/14 | 1.65% |
| Wachovia | FRN | 8/1/13 | 1.61% |
| Dell | 5.625 | 4/15/14 | 1.59% |
Current Monthly Strategy Allocation
Analytics (1 Year)
| Fixed Income | Peer Group | |
|---|---|---|
| Annualized Return | 6.27% | 8.83% |
| 3 Year Annualized Return | 5.01% | 3.83% |
| Maximum Periodic Change | 0.78% | 1.80% |
| Minimum Periodic Change | -0.42% | -1.58% |
| Duration | 1.47 Years | n/a |
| Annualized Sharpe Ratio | 3.89% | 1.26% |
| Average Credit Quality | AA- | n/a |
| Volatility | 1.69% | 4.41% |
| Downside Risk | 1.14% | 3.13% |
| % Weeks Up | 75.00% | 67.22% |
| Maximum Drawdown | -0.56% | n/a |
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Investors should consider factors that may be relevant to their circumstances, including tax considerations, before making any investments. Please note that past performance of an investment, is not a guide to future performance. Investment return and principal value may fluctuate with changing market conditions. Products described herein, may involve greater risk. Please meet with your Investment Advisor to discuss your personal situation. Where appropriate, please review a prospectus to obtain a complete outline of the terms and risks associated with mutual fund investments.
