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Fixed Income Mutual Funds
Investment Objectives
LOM Fixed Income Funds are available in U.S. dollar, Canadian 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 utilising 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.
- Utilise both quantitative and qualitative process to enhance total return potential
Management Style (USD)
The Fund invests in U.S government bonds and notes, corporate bonds, asset-backed securities, and municipal bonds. The Fund focuses on U.S. securities, but may invest up to 30% of total assets in U.S. dollar-denominated foreign debt. The Fund’s portfolio duration normally varies between one to five years and is adjusted based upon LOM’s forecast for interest rates and the structure of the U.S. yield curve.
Fund Performance
- 3M
- 6M
- 1Y
- 3Y
- 5Y
- 10Y
Top Holdings
| Issuer | Weighting |
|---|---|
| DTE 3.8 03/15/27 | 231.80 |
| TD 8 1/8 10/31/2082 | 217.00 |
| INTC 5.2 02/10/33 | 213.50 |
| AEP 4.3 12/01/28 | 210.10 |
| ATH 4.83 05/09/28 | 207.60 |
| EXPE 3.8 02/15/28 | 207.00 |
| HP 2.9 09/29/31 | 200.90 |
| NGGLN 4.866 08/05/32 | 199.40 |
| CVS 3 3/4 04/01/30 | 194.10 |
| MAR 4 7/8 05/15/29 | 193.30 |
Analytics 1 Year
| Item | |
|---|---|
| Sharpe Ratio | (0.46) |
| Standard Deviation | 2.28 |
| % Periods Up | |
| % Periods Down | |
| Downside Risk |
Monthy Allocation
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 (CAD)
The Fund primarily invests in Canadian dollar denominated government bonds and notes, corporate bonds, and asset-backed securities. The Fund may invest in U.S. dollar denominated securities, with currency risk hedged. 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
- 3M
- 6M
- 1Y
- 3Y
- 5Y
Top Holdings
| Issuer | Weighting |
|---|---|
| TOYOTA 4.44 06/27/29 | 4.66 |
| HYNMTR 5.565 03/08/28 | 4.60 |
| DTRGR 4.54 09/27/29 | 4.60 |
| HYDONE 4.91 01/27/28 | 4.57 |
| BMO 4.42 07/17/29 | 4.57 |
| BIP 5.616 11/14/27 | 4.56 |
| BMW 4.66 04/05/28 | 4.55 |
| DE 4.38 07/11/28 | 4.55 |
| RY 4.642 01/17/28 | 4.55 |
| MFCCN 3.992 02/22/28 | 4.48 |
Analytics 1 Year
| Item | Weighting |
|---|---|
| Sharpe Ratio | N/A |
| Standard Deviation | 1.91 |
| % Periods Up | |
| % Periods Down | |
| Downside Risk |
Monthy Allocation
Considerations
* Using CAD Bond fund benchmark as proxy.
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 Adviser 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.
Management Style (GBP)
The fund invests in Sterling-denominated 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
- 3M
- 6M
- 1Y
- 3Y
- 5Y
- 10Y
Top Holdings
| Issuer | Weighting |
|---|---|
| BACR 6 1/8 PERP | 12.48 |
| WFC 4 7/8 11/29/35 | 11.68 |
| BRITEL 5 3/4 12/07/28 | 6.53 |
| F 5 5/8 10/09/28 | 6.47 |
| SNCF 5 3/8 03/18/27 | 6.31 |
| UKT 4 1/8 01/29/27 | 6.28 |
| HSBC 1 3/4 07/24/27 | 6.27 |
| RY Float 10/22/26 | 6.24 |
| T 2.9 12/04/26 | 6.23 |
| AWLN 2 5/8 06/15/27 | 6.05 |
Analytics 1 Year
| Item | |
|---|---|
| Sharpe Ratio | N/A |
| Standard Deviation | 2.21 |
| % Periods Up | |
| % Periods Down | |
| Downside Risk |
Monthy Allocation
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.
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.
Fund Performance
- 3M
- 6M
- 1Y
- 3Y
- 5Y
- 10Y
Top Holdings
| Issuer | Weighting |
|---|---|
| iShares EUR Corp Bond Large Cap | 16.65 |
| PIMCO GIS Euro Credit Fund | 16.54 |
| VZ 4 3/4 10/31/34 | 7.97 |
| VW 3 7/8 10/11/28 | 7.55 |
| ACAFP 3 3/8 07/28/27 | 7.51 |
| ABNANV 3 1/8 01/21/30 | 7.37 |
| RY Float 07/02/28 | 7.31 |
| HSBC 2 1/2 03/15/27 | 7.28 |
| IBM 2.9 02/10/30 | 7.27 |
| MCD 2 3/8 05/31/29 | 7.13 |
Analytics 1 Year
| Item | |
|---|---|
| Sharpe Ratio | (0.28) |
| Standard Deviation | 2.74 |
| % Periods Up | |
| % Periods Down | |
| Downside Risk |
Monthy Allocation
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 Adviser 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 fun’s investments.
LOM is licensed to conduct investment business by the Bermuda Monetary Authority.
Fund Manager Reports
LOM Fixed Income Fund Manager’s Report Q2 2026
In Q2 2026, the Fund increased in value by 1.11% despite heightened interest rate volatility due to the Iran war... Read more
LOM Fixed Income Fund Manager’s Report Q1 2026
In Q1 2026, the Fund saw a slight drop in value as investors reversed positions on rate cuts ascredit spreads... Read more
LOM Fixed Income Fund Manager’s Report Q4 2025
During 2025, the LOM Fixed Income Fund generated a return of 5.27%, benefiting from stronger demand for short to intermediate... Read more
LOM Fixed Income Fund Manager’s Report Q3 2025
Over the third quarter of 2025 the LOM Fixed Income Fund rose 2.09% as most bonds were better bid on... Read more
LOM Fixed Income Fund Manager’s Report Q2 2025
Over the second quarter of 2025 the LOM Fixed Income Fund rose 1.15% as intermediate-term bonds reversed course and rallied... Read more
LOM Fixed Income Fund Manager’s Report Q1 2025
Over the first quarter of 2025 the LOM Fixed Income Fund rose 1.47% as investors sought safety amid rising tariff... Read more
LOM Fixed Income Fund Manager’s Report Q4 2024
Over the fourth quarter of 2024 the LOM Fixed Income Fund fell -0.45 as our managed fixed income portfolio outperformed... Read more
LOM Fixed Income Fund Manager’s Report Q3 2024
Over the first three quarters of 2024 the LOM Fixed Income Fund gained 4.88% as our managed fixed income portfolio... Read more
LOM Fixed Income Fund Manager’s Report Q2 2024
For the second quarter of 2024 the LOM Fixed Income Fund gained 1.24% as our managed fixed income portfolio performed... Read more
LOM Fixed Income Fund Manager’s Report Q1 2024
For the first quarter of 2024 the LOM Fixed Income Fund gained 1.16% as our individual securities held up better... Read more
LOM Fixed Income Fund Manager’s Report Q4 2023
Over the last quarter of 2023 the LOM Fixed Income Fund gained 3.16% as fixed income markets responded positively to... Read more
LOM Fixed Income Fund Manager’s Report Q3 2023
Over the first three quarters of 2023, the LOM Fixed Income Fund gained 2.66% as higher yields on new securities... Read more
LOM Fixed Income Fund Manager’s Report Q2 2023
Over the half quarter of 2023, the LOM Fixed Income Fund gained 2.60% as higher yields on new securities offset... Read more
LOM Fixed Income Fund Manager’s Report Q1 2023
Over the first quarter of 2023, the LOM Fixed Income Fund gained 1.65% as intermediate tolonger-term interest rates declined despite... Read more
LOM Fixed Income Fund Manager’s Report Q4 2022
Over the fourth quarter of 2022, the LOM Fixed Income Fund fell 0.59% as short term interestrates continued to climb... Read more
LOM Fixed Income Fund Manager’s Report Q3 2022
Over the third quarter of 2022, the LOM Fixed Income Fund USD declined by -1.48% with interest rates moving higher... Read more
LOM Fixed Income Fund Manager’s Report Q2 2022
Over the second quarter of 2022, the LOM Fixed Income Fund USD declined by -5.35% with interest rates moving higher... Read more
LOM Fixed Income Fund Manager’s Report Q1 2022
Over the first quarter of 2022, the LOM Fixed Income Fund USD declined by -5.28% as interest rates moved higher... Read more
LOM Fixed Income Fund Manager’s Report Q4 2021
Over the fourth quarter of 2021, the LOM Fixed Income Fund USD gained +1.29% as intermediate and longer-term interest rates... Read more
LOM Fixed Income Fund Manager’s Report Q3 2021
Over the third quarter of 2021, the LOM Fixed Income Fund USD gained +0.47% as intermediate and longer-term interest rates... Read more
LOM Fixed Income Fund Manager’s Report Q2 2021
Over the second quarter of 2021, the LOM Fixed Income Fund USD gained by +2.86% as intermediate and longer-term interest... Read more
LOM Fixed Income Fund Manager’s Report Q1 2021
The Treasury yield curve steepened further in the first quarter. In February and in early March, long-term Treasuries quickly sold... Read more
LOM CAD Fixed Income Fund Manager’s Report Q4 2020
The LOM CAD Fixed Income Fund achieved a net total return of 0.73% in the fourth quarter; while its stated... Read more
LOM Fixed Income Fund Manager’s Report Q3 2020
Over the third quarter of 2020, the LOM USD Fixed Income Fund achieved a net total return of 1.97% while... Read more
LOM Fixed Income Fund Manager’s Report Q2 2020
Over Q2 2020, the LOM USD Fixed Income Fund achieved a net total return of 3.38% while its stated benchmark,... Read more
LOM Fixed Income Fund Manager’s Report Q1 2020
The first quarter of 2020 marked an unprecedented period in U.S. financial market history across numerous dimensions. The unexpected emergence... Read more
LOM Fixed Income Fund Manager’s Report Q4 2019
Over Q4, the LOM USD Fixed Income Fund achieved a net total return of 0.78% while its stated benchmark, the... Read more
LOM Fixed Income Fund Manager’s Report Q3 2019
Over Q3, the LOM USD Fixed Income Fund achieved a net total return of 1.28%, outperforming its stated benchmark, the... Read more
LOM Fixed Income Fund Manager’s Report Q2 2019
Credit markets continued their rally for another quarter as the Federal Reserve officials maintained their dovish stance on monetary policies.... Read more
LOM Fixed Income Fund Manager’s Report Q1 2019
Despite investor fears of an economic slowdown or possibly recession this past quarter, credit spreads managed to tighten during the... Read more
LOM Fixed Income Fund Manager’s Report Q4 2018
Credit prices fell as investors hit the panic button during the fourth quarter of 2018. This is a regular pattern... Read more
LOM Fixed Income Fund Manager’s Report Q3 2018
The LOM Fixed Income Fund USD posted a positive return over Q3 2018 while outperforming its stated benchmark, even as... Read more
LOM Fixed Income Fund Manager’s Report Q2 2018
LOM Fixed Income Fund outperformed its benchmark over Q2 2018 as longer-duration securities ended the quarter well bid despite another... Read more
LOM Fixed Income Fund Manager’s Report Q1 2018
LOM Fixed Income Fund outperformed its benchmark over Q1 2018 by falling less than the Citigroup 1-5 Government/Corporate bond index... Read more
LOM Fixed Income Fund Manager’s Report Q4 2017
In 2017, the LOM Fixed Income Fund USD once again delivered strong performance on both an absolute and relative basis.... Read more
LOM Fixed Income Fund Manager’s Report Q3 2017
The LOM Fixed Income Fund USD provided a net total return of 0.64% for the third quarter, outpacing its stated... Read more
LOM Fixed Income Fund Manager’s Report Q2 2017
The LOM Fixed Income Fund USD delivered a total return of 1.21% for the second quarter, outpacing its stated benchmark,... Read more
LOM Fixed Income Fund Manager’s Report Q1 2017
Despite the Federal Reserve’s decidedly more hawkish tone since the end of 2016, exemplified by the sooner-than-expected rate increase at... Read morePortfolio Manager
Bryan Dooley, CFA
Chief Investment Officer
LOM Asset Management Ltd
PDF Data
Fund Information
Dealing Terms: Daily (5:00 AST)
Settlement Terms: Trade +1
Management Fee: 0.90%
Administration Costs: 0.28%
Exchange : Bermuda Stock Exchange
ID ISIN: BMG556251343
Bloomberg Ticker: LOMFIXD BH
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of the Year 2020, 2021 & 2023
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