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)

    7 EUR

  • ÅOP (Costs)

    1,72 %

  • Indirect Trade Cost

    0.29 %

  •  
  • 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 27/01/20 12:14

Today's Return: -0.20%

Return Dec.: +2.22%

Return YtD: +1.72%

NAV per. 27/01/20 12:14

Today's Returns -0.20 %
Return year to date, % 1.72 %
Redemption 9.88
Subscription 9.88
NAV 9.88
Total Assets (m) 7 EUR

Returns - Last Update 01/01/20

Return year to date, % 0.00%
1 Year 15.10%
3 Years 10.59%
5 Years 7.91%
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 DecemberReturn YtD
Latest trend2.22%15.10%
Return benchmark2.29%15.56%

Fund Holdings

Fund Holdings

Top 10 HoldingsCouponCountryBase currencyProportion
Mexican Bonos 03.06.20277.50MexicoMXN7.03%
Poland 25.10.20234.00PolandPLN5.71%
South Africa Government Bond 31.01.20409.00South AfricaZAR5.15%
Poland 25.07.20262.50PolandPLN5.06%
Brazil F 01.01.202710.00BrazilBRL4.79%
Russian Federal Bond - OFZ 07.10.20267.95RussiaRUB4.73%
Brazil 01.01.202310.00BrazilBRL4.44%
Colombian TES 28.04.20286.00ColombiaCOP3.71%
Mexican Bonos 13.11.20427.75MexicoMXN3.46%
Thailand Government Bond 20.06.20313.65ThailandTHB3.45%
Fund Holdings: 48
Show all Holdings

Distribution by country

Distrubution by currency

Base currencyProportion
Brazilian real (BRL)11.15%
Polish zloty (PLN)10.77%
Mexican peso (MXN)10.51%
Russian ruble (RUB)9.66%
Indonesian Rupiah (IDR)9.33%
South African rand (ZAR)8.29%
THB7.83%
Colombian peso (COP)4.80%
Turkish lira (TRL)3.82%
Malaysian Ringgit (MYR)2.97%
Other20.88%

Distribution by country

CountryProportionChanges in percentage points
Brazil11.15%1.05%
Poland10.77%0.05%
Mexico10.50%4.16%
Russia9.62%2.36%
South Africa8.22%-0.36%
Thailand7.83%-1.29%
Indonesia7.77%1.75%
Colombia4.79%-1.26%
Turkey3.81%-1.28%
Other25.55%-5.17%

Distribution by region

RegionProportion
Eastern Europe31.80%
Latin America31.22%
Asia20.13%
Africa11.67%
Caribbean2.94%
Other2.25%

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 bonds96.23%
QUASI-soverreign1.51%
Company0.00%
Cash2.26%

Fees and Expenses

Fees and Expenses

Fees and ExpensesTotal Management FeeÅOP (Costs)Indirect Trade Cost SubscriptionRedemption
EM Local Currency Bonds EUR d1.22 %1.72 %0.29 %0.00 %0.00 %

Key Information

ISINDK0060626364
Yield to Maturity6,08 %
Average Duration5,32
Deviation + (1 year)7.25
Deviation + (3 years)7.65
Danish VP Code6062636
Sharpe Ratio (3 Years)0.01
NAV ultimo 201910.00 EUR
Year to Date0,00 %
Inception of Share Class24.04.2015
Tax Rate-
BenchmarkGBI-EM Global Diversified
ListedNo
AccumulatedNo
Share Class Assets (m) 7 EUR
Total Assets (m)81 EUR
Denomination10
Base currencyEUR
AGM (annual general meeting)04.04.2019
Dividend (2019)0.29
TER (incl. depositary and adm.exp)1,22 %
ÅOP (Costs)1,72 %
Indirect Trade Cost 0.29 %
Fund Holdings48
Rec. investment horizonMin. 4 years
Portfolio ManagerSydbank EM Debt Team
NAV ultimo December 201910.00