EM Local Currency Bonds EUR d

High Yield Bonds

Key Information

  • ISIN

    DK0060626364

  • Inception

    24.04.2015

  • Return Profile

    Dividend

  • Risk Class

    4

  • Share Class Assets (m)

    5 EUR

  • ÅOP (Costs)

    1,72 %

  • Indirect Trade Cost

    0.38 %

  •  

  • 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 d uses the benchmark JP Morgan Global Bond Index – Emerging Markets Global Diversified unhedged to EUR.

  • Portfolio Manager

Returns

Date 12/05/21 12:08

Today's Return: -0.04%

Return Apr.: -0.19%

Return YtD: -2.10%

NAV per. 12/05/21 12:08

Today's Returns -0.04 %
Return year to date, % -2.10 %
Redemption 8.87
Subscription 8.87
NAV 8.87
Total Assets (m) 5 EUR

Returns - Last Update 01/05/21

Return year to date, % -3.13 %
1 Year 1.89%
3 Years -0.12%
5 Years 5.70%
7 Years 0.00%
10 Years 0.00%

NAV development

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NAV at 12pm

DateNAV at 12pm
11/05/20218.87
10/05/20218.85
07/05/20218.84
06/05/20218.81
05/05/20218.79
04/05/20218.80
03/05/20218.74
29/04/20218.79
28/04/20218.76
27/04/20218.79
26/04/20218.79
23/04/20218.80
22/04/20218.79
21/04/20218.81
20/04/20218.80
19/04/20218.82
16/04/20218.84
15/04/20218.79
14/04/20218.78
13/04/20218.78
12/04/20218.82
09/04/20218.84
08/04/20218.83
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Return & Dividend

YearReturnsDividendIncome on equityCapital incomeTaxfreeNAV per unit (End Year)
2020-6.76%0.000.000.000.009.06
201915.10%0.290.000.290.0010.00
2018-3.60%0.000.000.000.008.69
2017-0.32%0.330.000.330.009.34
201613.73%0.250.000.250.009.61
2015-14.20%0.140.000.140.008.58
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Latest trends

EM Local Currency Bonds EUR dReturn AprilReturn YtD
Latest trend-0.19%-3.13%
Return benchmark-0.24%-3.08%

Fund Holdings

Fund Holdings

Top 10 HoldingsCouponCountryBase currencyProportion
JPMorgan Chase Bank NA 08.12.20263.12USACNY7.43%
Brazil 01.01.20259.76BrazilBRL5.65%
South Africa Government Bond 31.01.20378.50South AfricaZAR4.95%
Poland 25.10.20234.00PolandPLN4.59%
ICBC Standard Bank PLC 08.06.20272.85ChinaCNY4.32%
Mexican Bonos 03.06.20277.50MexicoMXN4.06%
Indonesia 15.06.20328.25IndonesiaIDR3.98%
Peruvian Gov. 12.08.20326.15PeruPEN3.71%
Poland 25.07.20262.50PolandPLN3.67%
Thailand 12.03.20281.25ThailandTHB3.24%
Fund Holdings: 49
Show all Holdings

Distribution by country

Distrubution by currency

Base currencyProportion
Yuan Renminbi (CNY)11.76%
Indonesian Rupiah (IDR)11.51%
Mexican peso (MXN)11.02%
Polish zloty (PLN)8.57%
Brazilian real (BRL)8.27%
Russian ruble (RUB)8.19%
South African rand (ZAR)6.49%
THB4.95%
Peruvian Nuevo Sol3.71%
Colombian peso (COP)3.69%
Other21.83%

Distribution by country

CountryProportionChanges in percentage points
Mexico9.52%1.40%
Indonesia9.25%0.41%
Brazil8.37%-0.54%
Poland8.27%0.00%
Russia8.04%-0.57%
USA7.43%0.36%
South Africa7.08%-0.08%
Thailand4.89%-0.40%
China4.32%0.57%
Other32.83%-2.96%

Distribution by region

RegionProportion
Asia31.11%
Latin America28.31%
Eastern Europe27.95%
Africa10.54%
Other2.09%

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 bonds96.65%
QUASI-soverreign1.27%
Company0.00%
Cash2.07%

Fees and Expenses

Fees and Expenses

Fees and ExpensesTotal Management FeeÅOP (Costs)Indirect Trade Cost SubscriptionRedemption
EM Local Currency Bonds EUR d1.21 %1.72 %0.38 %0.00 %0.00 %

Key Information per. 30/4-21

ISINDK0060626364
Danish VP Code6062636
Inception of Share Class24.04.2015
BenchmarkGBI-EM Global Diversified
ListedNo
AccumulatedNo
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)1,21 %
ÅOP (Costs)1,72 %
Indirect Trade Cost 0.38 %
Share Class Assets (m) 5 EUR
Total Assets (m)44 EUR
Denomination10
NAV ultimo 20209.06 EUR
NAV ultimo April 20218.77
Tax Rate-
Fund Holdings49
Dividend (2020)0.00
Year to Date-3,13 %
Deviation + (1 year) (per. 29/4-21)6.42
Deviation + (3 years) (per. 29/4-21)11.52
Sharpe Ratio (3 Years) (per. 29/4-21)0.02
Yield to Maturity5,68 %
Average Duration4,92