Management Style (USD)

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.

LOM Fixed Income Fund Regulatory Information

  • Fund Performance

    All data as of: November 24, 2017.

  • At a glance

    Year to Date Return: 3.83%
    1 Month Return: 0.06%
    3 Month Return: 0.32%
    1 Year Total Return: 3.89%

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2017 0.66% 0.72% .26% .58% 0.39% 0.26% 0.38% 0.19% .06% 0.19% 0.06% % 2.28%
2016 -0.14% 0.34% 1.29% 0.87% 0.20% 0.59% 0.85% 0.26% 0.00% 0.00% 2.40% 0.07% 2.91%
2015 1.02% 0.13% 0.00% 0.60% -0.40% -0.40% 0.00% -0.54% -0.07% 0.74% -0.67% -0.470% -0.07%
2014 0.55% 0.41% 0.55% 0.41% 0.68% 0.14% 0.07% 0.13% -0.4% 0.07% 0.7% -0.34% 2.34%
2013 0.07% 0.0% 0.28% 0.46% -0.89% -1.59% 0.42% -0.49% 0.35% 0.63% 0.35% 0.0% -0.41%
2012 0.9% 0.74% 0.4% -0.2% -0.3% 0.3% 0.7% 0.4% 0.1% 0.35% 0.35% 0.0% 4.02%
2011 0.5% -0.1% -0.1% 0.4% 0.1% 0.1% 0.1% -0.2% -0.4% -0.1% -0.3% 0.9% 0.9%
2010 0.6% -0.1% -0.2% 0.8% 0.0% 0.2% 0.5% 0.1% 0.0% 0.4% -0.5% -0.7% 1.3%
2009 0.9% 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% -1.0% 1.3% 0.0% 0.0% 0.7% -1.2% -0.9% 0.4% 0.6% 0.8%
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%
  • Top 10 Holdings (USD)

    Issuer Coupon Maturity Weighting
    WFC 2.1% 12/31/2049 2.53%
    T 3% 02/15/2022 2.49%
    PRU 8.875% 06/15/2038 2.17%
    UBS 4.75% 05/25/2023 2.16%
    KORESC 2.125% 05/02/2019 2.02%
    STANLN 4% 07/12/2022 1.95%
    AFG 9.875% 06/15/2019 1.91%
    ENH 4.7% 10/15/2022 1.88%
    PRE 7.25% 04/29/2021 1.85%
    BERMUD 4.854% 02/06/2024 1.85%
  • Monthly Strategy Allocation

  • Fund Information

    Item Value
    Management Fee: 1.00%
    Settlement Terms: Trade + 2
    Exchange: Bermuda Stock Exchange (BSX)
    Benchmark: Citigroup 1 to 5 yr Gov/Corp Index
    Auditor: Deloitte
    ISIN/ Ticker: BMG556251343/ LOMFIXD BH
    Inception Date: 13th March 2000
    Portfolio Consultant: Bryan Dooley, CFA
  • Analytics 1 Year

    Item Value
    Duration: 2.92
    Average Credit Quality: A-
    Sharpe Ratio: 1.27
    Standard Deviation: 2.09%
    % Periods Up: 61.54%
    % Periods Down: 38.46%
    Downside Risk: 1.35%
    Asset Class Focus: Debt
    Geographic Focus: U.S.

Considerations

Past performance is not indicative of future performance; as with any investment, the value of the fund may fluctuate and is not guaranteed. Performance is stated net of fees as of prior month end. A prospectus containing terms and conditions is available from the Fund Manager.

Licensed to conduct Investment Business by the Bermuda Monetary Authority.

Management Style (GBP)

The fund invests in Sterling government bonds and notes, corporate bonds, and asset‐backed securities. The average portfolio duration of this fund normally varies within a two to seven‐year time frame based on LOM’s forecast for interest rates.

  • Fund Performance

    All data as of: November 24, 2017.
  • At a glance

    Year to Date Return: 1.95%
    1 Month Return: 0.29%
    3 Month Return: -0.19%
    1 Year Total Return: 2.64%

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2017 -0.54% 1.07% 0.10% .29% .67% .29% 0.38% -0.19% -0.86% 0.38% 0.29% % 4.23%
2016 1.01% -0.37% 1.27% 0.01% 0.81% 0.23% 2.37% 0.87% -1.10% -1.91% -0.29% 0.68% 4.64%
2015 % % 0.40% -0.30% -0.30% -1.11% 0.41% 0.00% -0.71% 0.00% 1.53% -1.10% %
  • Top 10 Holdings (GBP)

    Issuer Coupon Maturity Weighting
    SBDLN 5.952% 01/22/2035 11.12%
    TELEFO 5.597% 03/12/2020 10.20%
    VATFAL 6.125% 12/16/2019 10.02%
    LLYDIN 4.89% 09/25/2024 9.67%
    HTHROW 6.25% 09/10/2018 9.61%
    NAB 7.125% 06/12/2023 9.44%
    DAIGR 3.5% 06/06/2019 9.43%
    VW 2.625% 07/22/2019 9.01%
    PPL 3.875% 10/17/2024 5.02%
    CBAAU 2.25% 12/07/2018 4.49%
  • Monthly Strategy Allocation

  • Fund Information

    Item Value
    Management Fee: 0.75%**
    Sales Fee: May be applicable
    Settlement Terms: Trade +2
    Exchange: Bermuda Stock Exchange (BSX)
    Auditor: Deloitte
    Inception Date: 6th February 2015
    Portfolio Consultant: Bryan Dooley, CFA
    Administrator: Beacon Fund Services
    Dealing Terms: Tuesday (5:30 AST)
  • Analytics 1 Year

    Item Value
    Duration 3.61
    Average Credit Quality A-
    Sharpe Ratio 1.03
    Standard Deviation 3.63%
    % Periods Up 71.15%
    % Periods Down 28.85
    Downside Risk 2.07%
    Asset Class Focus Debt
    Geographic Focus UK

Considerations

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 investment return, and principal value may fluctuate with changing market conditions and when sold or redeemed may be worth more or less than the original cost. The product described herein, may involve greater risk. Please consult with your Investment Advisor to discuss if this investment is suitable for your personal situation. Where appropriate, please review a prospectus to obtain a complete outline of the terms and risk associated with the fund’s investments. LOM is licensed to conduct Investment Business by the Bermuda Monetary Authority.

** While the authorized fee is 1.0%, the manager has chose to waive 0.25%, making the effective annual management fee 0.75% until further notice.

Management Style (EUR)

The Fund invests in euro government bonds and notes, corporate bonds, asset-backed securities, and foreign bonds. 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.

LOM Fixed Income Fund Regulatory Information

  • Fund Performance

    All data as of: November 24, 2017.
  • At a glance

    Year to Date Return: 1.51%
    1 Month Return: 0.04%
    3 Month Return: 0.70%
    1 Year Total Return: 1.70%

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2017 -0.42% 0.92% 0.02% 1.01% 1.01% -0.25% 0.20% -0.06% % 0.67% 0.04% % .34%
2016 0.51% 0.34% 0.76% 0.17% 0.25% 0.25% 0.92% 0.25% 0.17% -0.83% -0.75% 0.18% 2.23%
2015 0.25% 0.13% -0.25% 0.34% -1.01% -1.36% 0.52% -0.09% -0.60% 0.52% 0.60% -0.43% -1.43%
2014 0.52% 0.17% 0.17% 0.17% 0.43% 0.26% 0.26% 0.51% 0.08% 0.08% 0.25% 0.25% 3.22%
2013 -0.35% 0.26% 0.35% 0.52% 0.09% -1.04% 0.35% -0.26% 0.26% 0.17% 0.26% -0.26% 0.35%
2012 2.1% 0.9% 0.9% 0.2% 0.0% 0.3% 0.7% 0.3% -0.2% 0.60% 0.26% -0.26% 4.95%
2011 -0.1% 0.4% 0.0% 0.3% 0.3% 0.1% 0.83% -0.7% -0.8% 1.11% -1.47% 1.30% 1.49%
2010 0.7% 0.3% 0.4% 0.4% -0.2% 0.1% 0.2% 0.6% 0.0% -0.1% 0.0% 0.0% 2.3%
2009 % % 0.1% 0.5% 1.0% 0.5% % 0.5% 0.5% 0.4% 0.4% 0.01% 4.9%
  • Top 10 Holdings (EUR)

    Issuer Coupon Maturity Weighting
    CZECH 3.875% 05/24/2022 16.06%
    RABOBK 3.75% 05/24/2022 14.90%
    GS 1.375% 07/26/2022 13.75%
    ACAFP 0% 10/13/2019 9.10%
    BNP 2.875% 05/24/2022 7.44%
    BMW 1% 01/21/2025 6.75%
    VW 1.875% 05/15/2017 6.67%
    - % %
    - % %
    - % %
  • Monthly Strategy Allocation

  • Fund Information

    Item Value
    Management Fee: 1.00%
    Settlement Terms: Trade + 2
    Benchmark: 50% Citigroup Euro BIG 3 to 5 Year
    Auditor: Deloitte
    ISIN/ Ticker: BMG556251269/ LOMEUFB BH
    Inception Date: 27th February 2009
    Portfolio Consultant: Bryan Dooley, CFA
  • Analytics 1 Year

    Item Value
    Duration 4.26
    Average Credit Quality A
    Sharpe Ratio 0.64
    Standard Deviation 1.95%
    % Periods Up 57.69%
    % Periods Down 42.31%
    Downside Risk 1.30%
    Asset Class Focus Debt
    Geographical Focus EU

Considerations

INVESTMENT OBJECTIVES

We offer active fixed income management across three major currencies.  Our suite of Fixed Income mutual funds allow investors of any size commitment to benefit from the economies of scale commensurate with institutional portfolio management. Our size and scale allow us to reduce trading costs, participate in hard-to-get new issue offerings and gain timely access to important market research. Investors may participate in LOM mutual funds with relatively low minimum amounts and then build them up over time.

LOM Fixed Income Funds are available in US dollar, Euro and Sterling currencies. Our fixed income funds offer weekly liquidity and are invested in higher quality, investment-grade securities. The fund manager strives to maintain prudent sector diversification while also attempting to outperform predetermined portfolio benchmarks. The asset management team actively manages the portfolios utilizing a technology enabled, intra-dealer electronic trading platform while active duration targeting and credit research are employed to augment portfolio returns.  Our funds are managed locally by investment professionals who understand the needs of offshore clients as well as the technical nuances of managing assets in these jurisdictions.

  • Provide participation in higher quality, income-generating fixed income securities.
  • Actively managed by seasoned investment professionals.
  • Long term track records carry highest Morningstar ratings.
  • Utilize both quantitative and qualitative process to enhance total return potential.

The three fixed income funds available are the LOM Fixed Income Fund (USD), the LOM Fixed Income Fund (EUR) and LOM Fixed Income Fund (GBP). Further information on our funds and strategies are available through the links below:

The LOM Fixed Income Fund (USD) is an absolute return, investment grade bond fund denominated in U.S. dollars. The fund’s objective is to outperform short-term interest rates while preserving capital.  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.

The LOM Fixed Income Fund (EUR) is an absolute return, investment grade bond fund denominated in Euro.  The fund’s objective is to outperform short-term interest rates while preserving capital. The Fund invests in euro government bonds and notes, corporate bonds, asset-backed securities, and foreign bonds. 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.

The LOM Fixed Income Fund (GBP) is a total return, investment grade bond fund denominated in Sterling.  The fund’s objective is to achieve positive total returns relative to a benchmark by investing in Sterling-denominated investment grade bonds. The Fund invests in pound sterling government bonds and notes, corporate bonds, asset-backed securities, and foreign bonds. The portfolio is managed against the Bloomberg Investment Grade 1 to 10 Year Corporate Bond Index.

Further information on our Fixed Income fund strategy and investment process is available at Fixed Income Portfolio Management

LOM Fixed Income Fund Manager’s Report Q3 2017

LOM Fixed Income Fund Manager’s Report Q2 2017

LOM Fixed Income Fund Performance Q4 2016

LOM Fixed Income Fund USD

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