EM Local Currency Bonds EUR Acc

High Yield Bonds

Key Information

  • ISIN

    DK0060646552

  • Inception

    21.09.2015

  • Return Profile

    Accumulated

  • Dividend

    0.00 EUR

  • Risk Class

    4

  • Share Class Assets (m)

    2 EUR

  • ÅOP (Costs)

    1,7 %

  • Indirect Trade Cost

    0.30 %

  •  
  • KIID

  • Fund Facts

  • Prospectus

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Profile

Investment profile
The fund invests in medium-term and long-term government bonds in local currency from high-yielding countries in Eastern Europe, Asia, Latin America and Africa. The portfolio is actively managed and reflects the current assessment of which countries, currencies and bonds are considered to produce the best returns relative to risk. Return is affected by exchange rate developments.


The typical investor
The typical investor has an investment horizon of at least 3 years and is looking for a high return and high annual dividends. Investors are expected to know that the fund may experience significant price fluctuations, see “Risk factors”.

Benchmark
The objective is through international diversification to obtain a return that equals or outperforms the return of the benchmark of the unit class over a three-year period. Emerging Market Local Currency Bonds B EUR Acc uses the benchmark JP Morgan Global Bond Index – Emerging Markets Global Diversified unhedged to EUR.

  • Portfolio Manager

Returns

Date 24/09/21 12:01

Today's Return: -0.71%

Return Aug.: +1.14%

Return YtD: -0.22%

NAV per. 24/09/21 12:01

Today's Returns -0.71 %
Return year to date, % -0.22 %
Redemption 16.68
Subscription 16.68
NAV 16.68
Total Assets (m) 2 EUR

Returns - Last Update 01/09/21

Return year to date, % 1.04 %
1 Year 5.98%
3 Years 15.77%
5 Years 5.52%
7 Years 5.42%
10 Years 13.94%

NAV development

Export graph-data

Include:

NAV at 12pm

DateNAV at 12pm
23/09/202116.80
22/09/202116.74
21/09/202116.70
20/09/202116.74
17/09/202116.75
16/09/202116.82
15/09/202116.79
14/09/202116.78
13/09/202116.81
10/09/202116.80
09/09/202116.76
08/09/202116.76
07/09/202116.77
06/09/202116.80
03/09/202116.78
02/09/202116.83
01/09/202116.85
31/08/202116.82
30/08/202116.77
27/08/202116.70
26/08/202116.69
25/08/202116.72
24/08/202116.64
23/08/202116.62
20/08/202116.63
19/08/202116.66
18/08/202116.72
17/08/202116.69
16/08/202116.70
13/08/202116.70
12/08/202116.73
11/08/202116.70
10/08/202116.68
09/08/202116.70
06/08/202116.71
05/08/202116.74
04/08/202116.76
03/08/202116.74
03/08/202116.74
02/08/202116.68
30/07/202116.67
29/07/202116.65
28/07/202116.69
27/07/202116.70
26/07/202116.68
23/07/202116.72
22/07/202116.70
21/07/202116.68
20/07/202116.66
19/07/202116.72
16/07/202116.72
15/07/202116.68
14/07/202116.65
13/07/202116.61
12/07/202116.58
09/07/202116.59
08/07/202116.59
07/07/202116.67
06/07/202116.75
05/07/202116.72
02/07/202116.70
01/07/202116.77
30/06/202116.70
29/06/202116.73
28/06/202116.67
25/06/202116.69
24/06/202116.64
23/06/202116.61
22/06/202116.61
21/06/202116.61
18/06/202116.68
17/06/202116.66
16/06/202116.62
15/06/202116.64
14/06/202116.67
11/06/202116.72
10/06/202116.65
09/06/202116.63
08/06/202116.61
07/06/202116.62
04/06/202116.54
03/06/202116.51
02/06/202116.47
01/06/202116.39
31/05/202116.42
28/05/202116.38
27/05/202116.33
26/05/202116.28
25/05/202116.25
21/05/202116.27
20/05/202116.24
19/05/202116.26
18/05/202116.28
17/05/202116.31
12/05/202116.39
11/05/202116.39
10/05/202116.36
07/05/202116.34
06/05/202116.29
05/05/202116.25
04/05/202116.27
03/05/202116.19
29/04/202116.24
28/04/202116.19
27/04/202116.24
26/04/202116.23
23/04/202116.27
22/04/202116.24
21/04/202116.26
20/04/202116.26
19/04/202116.30
16/04/202116.33
15/04/202116.24
14/04/202116.23
13/04/202116.21
12/04/202116.21
09/04/202116.33
08/04/202116.30
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Return & Dividend

YearReturnsDividendIncome on equityCapital incomeTaxfreeNAV per unit (End Year)
2020-6.79%0.000.000.000.0016.72
201915.05%0.000.000.000.0017.94
2018-3.68%0.000.000.000.0015.59
2017-0.24%-0.000.000.0016.18
201613.36%-0.000.000.0016.22
2015-7.37%-0.000.000.0014.31
20146.73%-0.000.000.0015.45
2013-14.85%-0.000.000.0014.48
201214.12%-0.000.000.0017.00
20110.15%-0.000.000.0014.90
201027.90%-0.000.000.0014.87
200925.69%-0.000.000.0011.63
2008-20.02%-0.000.000.009.25
20077.80%-0.000.000.0011.57
20067.32%-0.000.000.0010.73
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Latest trends

EM Local Currency Bonds EUR AccReturn AugustReturn YtD
Latest trend1.14%1.04%
Return benchmark1.23%0.49%

Fund Holdings

Fund Holdings

Top 10 HoldingsCouponCountryBase currencyProportion
JPMorgan Chase Bank NA 08.12.20263.12USACNY7.08%
Czech Republic Government Bond 26.06.20261.00Czech RepublicCZK4.51%
South Africa Government Bond 31.01.20409.00South AfricaZAR4.39%
ICBC Standard Bank PLC 08.06.20272.85ChinaCNY3.92%
Brazil 01.01.20259.76BrazilBRL3.74%
Poland 25.07.20262.50PolandPLN3.63%
Indonesia 15.06.20328.25IndonesiaIDR3.58%
Peruvian Gov. 12.08.20326.15PeruPEN3.07%
Russian Federal Bond - OFZ 14.03.20296.70RussiaRUB3.06%
Thailand 12.03.20281.25ThailandTHB3.02%
Fund Holdings: 56
Show all Holdings

Distribution by country

Distribution by industry

IndustryProportionChange (%-Points)
Other100.00%0.00%

Distribution by region

RegionProportion
Asia30.96%
Eastern Europe28.37%
Latin America26.32%
Africa12.17%
Other2.18%

Distribution by country

CountryProportionChange (%-Points)
Brazil8.67%0.13%
Mexico8.40%0.35%
Russia8.02%-0.45%
South Africa8.01%0.65%
Indonesia7.91%-0.69%
Czech Republic7.48%4.34%
USA7.08%0.13%
Malaysia5.28%2.23%
Poland5.14%-2.80%
Other34.01%-3.29%

Distrubution by currency

Base currencyProportion
Mexican peso (MXN)11.11%
Yuan Renminbi (CNY)11.02%
Indonesian Rupiah (IDR)10.73%
Brazilian real (BRL)8.20%
Russian ruble (RUB)8.11%
South African rand (ZAR)7.64%
CZK7.47%
Polish zloty (PLN)5.08%
THB4.92%
Malaysian Ringgit (MYR)4.79%
Other20.94%

Risk

Lower risk

Higher risk

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7

Potentially lower rewards

Potentially higher rewards

Risk Scale

Placement of the fund on the scale is determined by the fluctuations of the funds NAV over the past five years.

Historical return fluctuations p.a.

Duration

Distribution by issuer

Distribution by issuerProportion
Mortgage bonds0.00%
Government bonds91.75%
QUASI-soverreign2.09%
Company3.99%
Cash2.17%

Rating Distribution

Rating DistributionProportion
BBB- and above56.78%
BB- to BB+5.61%
Average ratingBBB

Fees and Expenses

Fees and Expenses

Fees and ExpensesTotal Management FeeÅOP (Costs)Indirect Trade Cost SubscriptionRedemption
EM Local Currency Bonds EUR Acc1.19 %1.70 %0.30 %0.00 %0.00 %

Key Information per. 31/8-21

ISINDK0060646552
Danish VP Code6064655
Inception of Share Class21.09.2015
BenchmarkGBI-EM GLO Diversified unhedged/EUR
ListedNo
AccumulatedYes
AGM (annual general meeting)01.04.2021
Rec. investment horizonMin. 4 years
Portfolio ManagerSydbank EM Debt Team
Base currencyEUR
TER (incl. depositary and adm.exp)1,19 %
ÅOP (Costs)1,7 %
Indirect Trade Cost 0.30 %
Share Class Assets (m) 2 EUR
Total Assets (m)50 EUR
Denomination10
NAV ultimo 202016.72 EUR
NAV ultimo August 202116.89
Tax Rate-
Fund Holdings56
Dividend (2020)0.00
Year to Date1,04 %
Deviation + (1 year)4.77
Deviation + (3 years)10.52
Sharpe Ratio (3 Years)0.49
Yield to Maturity5,90 %
Average Duration4,93