LOM Fixed Income Performance Update
The LOM Fixed Income Fund has posted positive annual returns for the last 11 years straight and has continued this trend so far in 2012. The Fund continues to show solid investment performance by exceeding the returns on related benchmark indices and meeting its stated objective of achieving above-average long-term absolute returns while controlling risk through an effective program of diversification.
The performance for the LOM Fixed Income fund year-to-date through the latest valuation on 6/15 is as as follows:
- LOM Fixed Income Fund +1.67%
Comparable benchmarks and local peer performance through the same period is below:
- Citi 1-3 Corp/Gov’t Index +0.57%
- Citi 1-5 Corp/Gov’t Index +1.14%
- BIAS Short Duration Inc Fd +0.13%
The LOM Fixed Income Fund continues to exceed risk-adjusted performance returns when compared to the competition and benchmarks so far this year. One other factor to consider is that the LOM fund performance is net of fees while the indices have no fee. So in essence, the fund has more than earned its fee so far this year. Furthermore, the LOM Fixed Income Fund is unique in Bermuda in that it is locally managed and possesses a 10-year plus track record. Other competing funds do not have such a long term track record and many have failed to match their benchmarks. For these reasons, and the fact that the LOM Fixed Income Fund continues to produce superior risk-adjusted returns, the LOM Fixed Income Fund maintains the coveted Morningstar 5 Star (top) rating over a five-year period.
This communication is for information purposes only. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument, investment product or service. The information contained herein, has been compiled from sources believed to be reliable, but no representation or warrant, express or implied, is made by LOM Asset Management Limited or any of its affiliates or representatives, as to its accuracy, completeness or correctness.