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)

1 EUR
Transaction costs

0.14 %
Løbende omk.

1.20 %
KIID
Fund Facts
Prospectus

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.

Returns

Date 01/02/23 12:08

Today's Return: -0.03%

Return Jan.: +2.76%

Return YtD: +2.74%

NAV per. 01/02/23 12:08

Today's Returns	-0.03 %
Return year to date, %	2.74 %
Redemption	15.92
Subscription	15.92
NAV	15.92
Total Assets (m)	1 EUR

Returns - Last Update 01/02/23

Return year to date, %	2.76 %
1 Year	-5.71%
3 Years	-11.39%
5 Years	-2.25%
7 Years	10.92%
10 Years	-4.40%

NAV development

Export graph-data

Include:

NAV

Dividend

Export to table Export to .csv

NAV at 12pm

Date	NAV at 12pm
31/01/2023	15.93
30/01/2023	15.92
27/01/2023	15.99
26/01/2023	15.93
25/01/2023	15.96
24/01/2023	15.89
23/01/2023	15.82
20/01/2023	15.90
19/01/2023	15.91
18/01/2023	15.96
17/01/2023	15.89
16/01/2023	15.96
13/01/2023	16.00
12/01/2023	15.93
11/01/2023	15.82
10/01/2023	15.77
09/01/2023	15.84
06/01/2023	15.79
05/01/2023	15.65
04/01/2023	15.60
03/01/2023	15.66
30/12/2022	15.47
29/12/2022	15.54
28/12/2022	15.52
27/12/2022	15.56
23/12/2022	15.64
22/12/2022	15.60
21/12/2022	15.54
20/12/2022	15.47
19/12/2022	15.51
16/12/2022	15.45
15/12/2022	15.54
14/12/2022	15.52
13/12/2022	15.47
12/12/2022	15.50
09/12/2022	15.59
08/12/2022	15.66
07/12/2022	15.61
06/12/2022	15.62
05/12/2022	15.74
02/12/2022	15.73
01/12/2022	15.71
30/11/2022	15.76
29/11/2022	15.65
28/11/2022	15.47
25/11/2022	15.55
24/11/2022	15.54
23/11/2022	15.55
22/11/2022	15.56
21/11/2022	15.51
18/11/2022	15.40
17/11/2022	15.45
16/11/2022	15.50
15/11/2022	15.50
14/11/2022	15.55
11/11/2022	15.60
10/11/2022	15.75
09/11/2022	15.57
08/11/2022	15.56
07/11/2022	15.58
04/11/2022	15.69
03/11/2022	15.66
02/11/2022	15.54
01/11/2022	15.47
31/10/2022	15.38
28/10/2022	15.40
27/10/2022	15.25
26/10/2022	15.30
25/10/2022	15.34
24/10/2022	15.45
21/10/2022	15.52
20/10/2022	15.52
19/10/2022	15.55
18/10/2022	15.55
17/10/2022	15.64
14/10/2022	15.73
13/10/2022	15.72
12/10/2022	15.78
11/10/2022	15.88
10/10/2022	15.92
07/10/2022	15.83
06/10/2022	15.79
05/10/2022	15.81
04/10/2022	15.85
03/10/2022	15.74
30/09/2022	15.73
29/09/2022	15.90
28/09/2022	15.97
27/09/2022	16.05
26/09/2022	16.14
23/09/2022	16.25
22/09/2022	16.16
21/09/2022	16.10
20/09/2022	16.04
19/09/2022	16.02
16/09/2022	16.05
15/09/2022	16.12
14/09/2022	16.15
13/09/2022	16.13
12/09/2022	16.11
09/09/2022	16.10
08/09/2022	16.15
07/09/2022	16.21
06/09/2022	16.26
05/09/2022	16.29
02/09/2022	16.13
01/09/2022	16.14
31/08/2022	16.25
30/08/2022	16.29
29/08/2022	16.31
26/08/2022	16.32
25/08/2022	16.32
24/08/2022	16.35
23/08/2022	16.27
22/08/2022	16.24
19/08/2022	16.24
18/08/2022	16.24
17/08/2022	16.33
16/08/2022	16.47
15/08/2022	16.43
12/08/2022	16.31
11/08/2022	16.22
10/08/2022	16.15
09/08/2022	16.19
08/08/2022	16.19
05/08/2022	16.14
04/08/2022	16.05
03/08/2022	16.02
02/08/2022	16.06
01/08/2022	15.98
29/07/2022	15.98
28/07/2022	15.87
27/07/2022	15.80
26/07/2022	15.81
25/07/2022	15.68
22/07/2022	15.69
21/07/2022	15.58
20/07/2022	15.55
19/07/2022	15.53
18/07/2022	15.62
15/07/2022	15.59
14/07/2022	15.70
13/07/2022	15.72
12/07/2022	15.78
11/07/2022	15.87
08/07/2022	15.84
07/07/2022	15.70
06/07/2022	15.73
05/07/2022	15.76
04/07/2022	15.66
01/07/2022	15.62
30/06/2022	15.71
29/06/2022	15.61
28/06/2022	15.55
27/06/2022	15.58
24/06/2022	15.65
23/06/2022	15.68
22/06/2022	15.66
21/06/2022	15.53
20/06/2022	15.61
17/06/2022	15.65
16/06/2022	15.79
15/06/2022	15.63
14/06/2022	15.72
13/06/2022	15.83
10/06/2022	15.94
09/06/2022	15.90
08/06/2022	15.93
07/06/2022	16.05
03/06/2022	16.01
02/06/2022	16.02
01/06/2022	16.00
31/05/2022	16.02
30/05/2022	16.01
25/05/2022	15.95
24/05/2022	15.89
23/05/2022	15.90
20/05/2022	15.88
19/05/2022	15.84
18/05/2022	15.83
17/05/2022	15.83
16/05/2022	15.80
12/05/2022	15.72
11/05/2022	15.60
10/05/2022	15.60
09/05/2022	15.64
06/05/2022	15.75
05/05/2022	15.92
04/05/2022	15.93
03/05/2022	15.83
02/05/2022	15.92
29/04/2022	15.89
28/04/2022	15.91
27/04/2022	15.85
26/04/2022	15.88
25/04/2022	15.89
22/04/2022	15.98
21/04/2022	15.95
20/04/2022	16.05
19/04/2022	16.19
13/04/2022	16.24
12/04/2022	16.13
11/04/2022	16.10
08/04/2022	16.17
07/04/2022	16.12
06/04/2022	16.22
05/04/2022	16.28
04/04/2022	16.17
01/04/2022	16.01
31/03/2022	15.97
30/03/2022	15.95
29/03/2022	15.92
28/03/2022	15.97
25/03/2022	15.90
24/03/2022	15.88
23/03/2022	15.86
22/03/2022	15.80
21/03/2022	15.79
18/03/2022	15.76
17/03/2022	15.76
16/03/2022	15.70
15/03/2022	15.61
14/03/2022	15.70
11/03/2022	15.69
10/03/2022	15.64
09/03/2022	15.71
08/03/2022	15.79
07/03/2022	15.93
04/03/2022	15.97
03/03/2022	15.94
02/03/2022	15.93
01/03/2022	16.03
28/02/2022	16.45
25/02/2022	16.64
24/02/2022	16.68
23/02/2022	16.89
22/02/2022	16.88
21/02/2022	16.95
18/02/2022	16.98
17/02/2022	16.93
16/02/2022	16.94
15/02/2022	16.89
14/02/2022	16.85
11/02/2022	16.85
10/02/2022	16.86
09/02/2022	16.81
08/02/2022	16.78
07/02/2022	16.72
04/02/2022	16.72
03/02/2022	16.93
02/02/2022	16.88
01/02/2022	16.89
31/01/2022	16.88
28/01/2022	16.88
27/01/2022	16.84
26/01/2022	16.78
25/01/2022	16.68
24/01/2022	16.71
21/01/2022	16.78
20/01/2022	16.71
19/01/2022	16.62
18/01/2022	16.59
17/01/2022	16.58
14/01/2022	16.55
13/01/2022	16.54
12/01/2022	16.63
11/01/2022	16.61
10/01/2022	16.64
07/01/2022	16.62
06/01/2022	16.59
05/01/2022	16.63
04/01/2022	16.67
03/01/2022	16.69
30/12/2021	16.65
29/12/2021	16.75
28/12/2021	16.72
27/12/2021	16.73
23/12/2021	16.69
22/12/2021	16.64
21/12/2021	16.64
20/12/2021	16.63
17/12/2021	16.57
16/12/2021	16.59
15/12/2021	16.62
14/12/2021	16.63
13/12/2021	16.74
10/12/2021	16.71
09/12/2021	16.69
08/12/2021	16.69
07/12/2021	16.62
06/12/2021	16.57
03/12/2021	16.54
02/12/2021	16.48
01/12/2021	16.52
30/11/2021	16.40
29/11/2021	16.44
26/11/2021	16.42
25/11/2021	16.61
24/11/2021	16.62
23/11/2021	16.60
22/11/2021	16.67
19/11/2021	16.69
18/11/2021	16.71
17/11/2021	16.81
16/11/2021	16.84
15/11/2021	16.77
12/11/2021	16.78
11/11/2021	16.74
10/11/2021	16.71
09/11/2021	16.66
08/11/2021	16.62
05/11/2021	16.54
04/11/2021	16.51
03/11/2021	16.42
02/11/2021	16.39
01/11/2021	16.49
29/10/2021	16.41
28/10/2021	16.56
27/10/2021	16.58
26/10/2021	16.62
25/10/2021	16.54
22/10/2021	16.58
21/10/2021	16.64
20/10/2021	16.69
19/10/2021	16.66
18/10/2021	16.73
15/10/2021	16.74
14/10/2021	16.71
13/10/2021	16.70
12/10/2021	16.65
11/10/2021	16.68
08/10/2021	16.69
07/10/2021	16.71
06/10/2021	16.64
05/10/2021	16.65
04/10/2021	16.70
01/10/2021	16.70
30/09/2021	16.67
29/09/2021	16.61
28/09/2021	16.63
27/09/2021	16.69
24/09/2021	16.68
23/09/2021	16.80
22/09/2021	16.74
21/09/2021	16.70
20/09/2021	16.74
17/09/2021	16.75
16/09/2021	16.82
15/09/2021	16.79
14/09/2021	16.78
13/09/2021	16.81
10/09/2021	16.80
09/09/2021	16.76
08/09/2021	16.76
07/09/2021	16.77
06/09/2021	16.80
03/09/2021	16.78
02/09/2021	16.83
01/09/2021	16.85
31/08/2021	16.82
30/08/2021	16.77
27/08/2021	16.70
26/08/2021	16.69
25/08/2021	16.72
24/08/2021	16.64
23/08/2021	16.62
20/08/2021	16.63
19/08/2021	16.66
18/08/2021	16.72
17/08/2021	16.69
16/08/2021	16.70
13/08/2021	16.70
12/08/2021	16.73
11/08/2021	16.70
10/08/2021	16.68
09/08/2021	16.70
06/08/2021	16.71
05/08/2021	16.74
04/08/2021	16.76
03/08/2021	16.74
03/08/2021	16.74
02/08/2021	16.68
30/07/2021	16.67
29/07/2021	16.65
28/07/2021	16.69
27/07/2021	16.70
26/07/2021	16.68
23/07/2021	16.72
22/07/2021	16.70
21/07/2021	16.68
20/07/2021	16.66
19/07/2021	16.72
16/07/2021	16.72
15/07/2021	16.68
14/07/2021	16.65
13/07/2021	16.61
12/07/2021	16.58
09/07/2021	16.59
08/07/2021	16.59
07/07/2021	16.67
06/07/2021	16.75
05/07/2021	16.72
02/07/2021	16.70
01/07/2021	16.77
30/06/2021	16.70
29/06/2021	16.73
28/06/2021	16.67
25/06/2021	16.69
24/06/2021	16.64
23/06/2021	16.61
22/06/2021	16.61
21/06/2021	16.61
18/06/2021	16.68
17/06/2021	16.66
16/06/2021	16.62
15/06/2021	16.64
14/06/2021	16.67
11/06/2021	16.72
10/06/2021	16.65
09/06/2021	16.63
08/06/2021	16.61
07/06/2021	16.62
04/06/2021	16.54
03/06/2021	16.51
02/06/2021	16.47
01/06/2021	16.39
31/05/2021	16.42
28/05/2021	16.38
27/05/2021	16.33
26/05/2021	16.28
25/05/2021	16.25
21/05/2021	16.27
20/05/2021	16.24
19/05/2021	16.26
18/05/2021	16.28
17/05/2021	16.31
12/05/2021	16.39
11/05/2021	16.39
10/05/2021	16.36
07/05/2021	16.34
06/05/2021	16.29
05/05/2021	16.25
04/05/2021	16.27
03/05/2021	16.19
29/04/2021	16.24
28/04/2021	16.19
27/04/2021	16.24
26/04/2021	16.23
23/04/2021	16.27
22/04/2021	16.24
21/04/2021	16.26
20/04/2021	16.26
19/04/2021	16.30
16/04/2021	16.33
15/04/2021	16.24
14/04/2021	16.23
13/04/2021	16.21
12/04/2021	16.21
09/04/2021	16.33
08/04/2021	16.30
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Return & Dividend

Year	Returns	Dividend	Income on equity	Capital income	Taxfree	NAV per unit (End Year)
2022	-6.84%	-	0.00	0.00	0.00	15.50
2021	-0.48%	0.00	0.00	0.00	0.00	16.65
2020	-6.79%	0.00	0.00	0.00	0.00	16.72
2019	15.05%	0.00	0.00	0.00	0.00	17.94
2018	-3.68%	0.00	0.00	0.00	0.00	15.59
2017	-0.24%	0.00	0.00	0.00	0.00	16.18
2016	13.36%	0.00	0.00	0.00	0.00	16.22
2015	-7.37%	0.00	0.00	0.00	0.00	14.31
2014	6.73%	0.00	0.00	0.00	0.00	15.45
2013	-14.85%	0.00	0.00	0.00	0.00	14.48
2012	14.12%	0.00	0.00	0.00	0.00	17.00
2011	0.16%	0.00	0.00	0.00	0.00	14.90
2010	27.90%	0.00	0.00	0.00	0.00	14.87
2009	25.69%	0.00	0.00	0.00	0.00	11.63
2008	-20.03%	0.00	0.00	0.00	0.00	9.25
2007	7.80%	0.00	0.00	0.00	0.00	11.57
2006	7.32%	0.00	0.00	0.00	0.00	10.73
Show More

Latest trends

EM Local Currency Bonds EUR Acc	Return January	Return YtD
Latest trend	2.76%	2.76%
Return benchmark	2.49%	2.49%

Fund Holdings

Top 10 Holdings	Coupon	Country	Base currency	Proportion
Malaysia Government Bond 15.06.2028	3.73	Malaysia	MYR	6.94%
Indonesia 15.06.2032	8.25	Indonesia	IDR	3.95%
South Africa Government Bond 31.01.2040	9.00	South Africa	ZAR	3.90%
Thailand 12.03.2028	1.25	Thailand	THB	3.82%
Peruvian Gov. 12.08.2032	6.15	Peru	PEN	3.52%
International Bank for Reconstruction & 28.04.2025	3.25	Supranationals	CNY	3.46%
Brazil F 01.01.2027	9.76	Brazil	BRL	3.35%
Mexican Bonos 03.06.2027	7.50	Mexico	MXN	3.30%
Czech Republic Government Bond 26.06.2026	1.00	Czech Republic	CZK	2.88%
Brazil 01.01.2025	9.76	Brazil	BRL	2.84%
Fund Holdings: 50
Show all Holdings

Distribution by country

Distribution by industry

Industry	Proportion	Change (%-Points)
Cash, derivatives etc	100.00%	0.00%
Other	0.00%	0.00%

Distribution by region

Region	Proportion
Asia	37.41%
Latin America	31.03%
Eastern Europe	18.77%
Africa	10.53%
Caribbean	0.52%
Other	1.75%

Distribution by country

Country	Proportion	Change (%-Points)
Mexico	11.33%	3.28%
Malaysia	10.84%	7.79%
Brazil	10.65%	2.11%
Thailand	9.97%	4.82%
South Africa	9.46%	2.11%
Indonesia	9.00%	0.40%
Supranationals	6.58%	0.50%
Czech Republic	5.03%	1.89%
Poland	4.56%	-3.38%
Other	22.57%	-18.55%

Distrubution by currency

Base currency	Proportion
Mexican peso (MXN)	11.38%
Indonesian Rupiah (IDR)	11.28%
Malaysian Ringgit (MYR)	10.85%
Brazilian real (BRL)	10.65%
THB	9.97%
South African rand (ZAR)	9.88%
Polish zloty (PLN)	7.70%
Yuan Renminbi (CNY)	5.31%
CZK	5.03%
Colombian peso (COP)	3.89%
Other	14.07%

Risk

Lower risk

Higher risk

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 issuer	Proportion

Rating Distribution

Rating Distribution	Proportion
BBB- and above	56.78%
BB- to BB+	5.61%
B+ or below	29.50%

Fees and Expenses

Fees and Expenses	Løbende omk.	Transaction costs	Subscription	Redemption
EM Local Currency Bonds EUR Acc	1.20 %	0.14 %	0.00 %	0.00 %

Key Information per. 31/1-23

ISIN	DK0060646552
Danish VP Code	6064655
Inception of Share Class	21.09.2015
Benchmark	GBI-EM GLO Diversified unhedged/EUR
Listed	No
Accumulated	Yes
AGM (annual general meeting)	27.03.2023
Rec. investment horizon	Min. 4 years
Portfolio Manager	Sydbank EM Debt Team
Base currency	EUR

Expected annual costs	1,2 %
Transaction costs	0.14 %
Share Class Assets (m)	1 EUR
Total Assets (m)	37 EUR
Denomination	10
Steuersatz 2022	15.50 EUR
NAV ultimo January 2023	15.93
Tax Rate	-
Fund Holdings	50

Dividend (2022)	-
Year to Date	2,76 %
Deviation + (1 year) (per. 31/12-22)	8.29
Deviation + (3 years) (per. 31/12-22)	10.36
Sharpe Ratio (3 Years) (per. 31/12-22)	-0.48