EM Local Currency Bonds EUR d

High Yield Bonds

Key Information

  • ISIN

    DK0060626364

  • Inception

    24.04.2015

  • Return Profile

    Dividend

  • Risk Class

    5

  • Share Class Assets (m)

    5 EUR

  • ÅOP (Costs)

    1,73 %

  • Indirect Trade Cost

    0.24 %

  •  
  • 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 18/09/20 12:09

Today's Return: +0.26%

Return Aug.: -1.07%

Return YtD: -9.11%

NAV per. 18/09/20 12:09

Today's Returns 0.26 %
Return year to date, % -9.11 %
Redemption 8.83
Subscription 8.83
NAV 8.83
Total Assets (m) 5 EUR

Returns - Last Update 01/09/20

Return year to date, % -11.10 %
1 Year -6.90%
3 Years -2.40%
5 Years 11.41%
7 Years 0.00%
10 Years 0.00%

NAV development

Export graph-data

Include:

Return & Dividend

YearReturnsDividendIncome on equityCapital incomeTaxfreeNAV per unit (End Year)
201915.10%0.290.000.000.0010.00
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

Latest trends

EM Local Currency Bonds EUR dReturn AugustReturn YtD
Latest trend-1.07%-11.10%
Return benchmark-1.45%-10.26%

Fund Holdings

Fund Holdings

Top 10 HoldingsCouponCountryBase currencyProportion
Poland 25.07.20262.50PolandPLN6.01%
Poland 25.10.20234.00PolandPLN5.91%
Mexican Bonos 03.06.20277.50MexicoMXN5.57%
Russian Federal Bond - OFZ 07.10.20267.93RussiaRUB4.43%
Peruvian Gov. 12.08.20326.15PeruPEN4.14%
JPMorgan Chase Bank NA 08.12.20263.12USACNY4.05%
Colombian TES 28.04.20286.00ColombiaCOP3.71%
Indonesia 15.06.20328.25IndonesiaIDR3.69%
Thailand 12.03.20281.25ThailandTHB3.68%
Brazil 01.01.20259.76BrazilBRL3.67%
Fund Holdings: 50
Show all Holdings

Distribution by country

Distrubution by currency

Base currencyProportion
Polish zloty (PLN)11.92%
Indonesian Rupiah (IDR)11.19%
Mexican peso (MXN)10.81%
Brazilian real (BRL)9.52%
Russian ruble (RUB)8.64%
Yuan Renminbi (CNY)6.94%
THB6.82%
South African rand (ZAR)6.47%
Peruvian Nuevo Sol4.61%
Colombian peso (COP)4.56%
Other18.52%

Distribution by country

CountryProportionChanges in percentage points
Poland11.92%1.16%
Brazil9.51%-1.64%
Indonesia9.49%1.72%
Mexico8.82%-1.68%
Russia8.60%-1.02%
USA7.07%7.07%
Thailand6.81%-1.01%
Supranationals6.52%3.96%
South Africa6.40%-1.81%
Other24.85%-4.97%

Distribution by region

RegionProportion
Eastern Europe32.39%
Latin America30.65%
Asia28.16%
Africa6.41%
Caribbean1.80%
Other0.60%

Risk

Lower risk

Higher risk

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  • 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 bonds98.66%
QUASI-soverreign0.86%
Company0.00%
Cash0.49%

Fees and Expenses

Fees and Expenses

Fees and ExpensesTotal Management FeeÅOP (Costs)Indirect Trade Cost SubscriptionRedemption
EM Local Currency Bonds EUR d1.22 %1.73 %0.24 %0.00 %0.00 %

Key Information per. 31/8-20

ISINDK0060626364
Yield to Maturity5,24 %
Average Duration5,58
Deviation + (1 year)16.08
Deviation + (3 years)11.36
Danish VP Code6062636
Sharpe Ratio (3 Years)0.02
NAV ultimo 201910.00 EUR
Year to Date-11,10 %
Inception of Share Class24.04.2015
Tax Rate-
BenchmarkGBI-EM Global Diversified
ListedNo
AccumulatedNo
Share Class Assets (m) 5 EUR
Total Assets (m)50 EUR
Denomination10
Base currencyEUR
AGM (annual general meeting)01.04.2020
Dividend (2019)0.29
TER (incl. depositary and adm.exp)1,22 %
ÅOP (Costs)1,73 %
Indirect Trade Cost 0.24 %
Fund Holdings50
Rec. investment horizonMin. 4 years
Portfolio ManagerSydbank EM Debt Team
NAV ultimo August 20208.63