EM Bonds EUR Acc h

High Yield Bonds

Key Information

  • ISIN

    DK0060646206

  • Inception

    21.09.2015

  • Return Profile

    Accumulated

  • Dividend

    0.00 EUR

  • Risk Class

    4

  • Share Class Assets (m)

    7 EUR

  • ÅOP (Costs)

    1,67 %

  • Indirect Trade Cost

    0.47 %

  •  
  • KIID

  • Fund Facts

  • Prospectus

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Profile

Investment profile
The fund invests in government bonds primarily issued in USD or EUR from high-yielding countries in Eastern Europe, Asia, Latin America, Africa and the Middle East. The fund’s currency risk is limited. The portfolio is actively managed and reflects the current assessment of which countries and which bonds are considered to produce the best returns relative to risk. The fund is an accumulation fund.


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
Emerging Market Bonds B EUR Acc uses the benchmark JP Morgan Emerging Markets Bond Index Global Diversified hedged to EUR.

  • Portfolio Manager

Returns

Date 08/07/20 12:08

Today's Return: -0.10%

Return Jun.: +3.77%

Return YtD: -3.00%

NAV per. 08/07/20 12:08

Today's Returns -0.10 %
Return year to date, % -3.00 %
Redemption 28.79
Subscription 28.79
NAV 28.79
Total Assets (m) 7 EUR

Returns - Last Update 01/07/20

Return year to date, % -4.29 %
1 Year -2.27%
3 Years -0.95%
5 Years 9.64%
7 Years 18.17%
10 Years 48.05%

NAV development

Export graph-data

Include:

Return & Dividend

YearReturnsDividendIncome on equityCapital incomeTaxfreeNAV per unit (End Year)
201910.99%0.000.000.000.0029.68
2018-9.58%0.000.000.000.0026.74
20178.63%-0.000.000.0029.57
20168.97%-0.000.000.0027.23
2015-2.01%-0.000.000.0024.98
20144.19%-0.000.000.0025.50
2013-5.93%-0.000.000.0024.47
201217.72%-0.000.000.0026.01
20117.52%-0.000.000.0022.10
201016.08%-0.000.000.0020.55
200940.60%-0.000.000.0017.70
2008-26.10%-0.000.000.0012.59
20072.70%-0.000.000.0017.08
20067.23%-0.000.000.0016.59
20053.90%-0.000.000.000.00
200414.78%-0.000.000.000.00
200322.61%-0.000.000.000.00
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Latest trends

Emerging Market Bonds EUR Acc hReturn JuneReturn YtD
Latest trend3.77%-4.29%
Return benchmark3.42%-3.68%

Fund Holdings

Fund Holdings

Top 10 HoldingsCouponCountryBase currencyProportion
Rep. of Ghana 14.10.203010.75GhanaUSD3.82%
IVYCST 5 1/4 03.22.305.25Ivory CoastEUR2.99%
Russian Eurobond 23.06.20274.25RussiaUSD2.95%
Nigeria Government International Bond 16.02.20327.88NigeriaUSD2.48%
Uruguay 18.06.20505.10UruguayUSD2.19%
Qatar Government International Bond 16.04.20303.75QatarUSD2.19%
Indonesia 17.02.20376.63IndonesiaUSD2.12%
Qatar Government International Bond 23.04.20485.10QatarUSD2.08%
Turkey Government International Bond 26.04.20297.63TurkeyUSD2.06%
Romanian Government International Bond 11.03.20394.13RomaniaEUR1.98%
Fund Holdings: 126
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Distribution by country

Distribution by country

CountryProportionChanges in percentage points
Qatar7.44%3.77%
Indonesia6.80%1.85%
Mexico5.71%-0.57%
Romania4.98%0.32%
Ukraine4.29%1.17%
Ghana3.82%-0.52%
Russia3.70%-2.92%
Colombia3.70%0.96%
South Africa3.50%-0.27%
Other56.05%-6.44%

Distribution by region

RegionProportion
Latin America27.14%
Africa21.51%
North America18.09%
Eastern Europe16.50%
Middle East16.45%
Asia11.61%
Caribbean3.80%
Other-15.10%

Distrubution by currency

Base currencyProportion
Euro (EUR)94.27%
US dollar (USD)4.15%
Danish krona (DKK)1.58%
Other0.00%

Risk

Lower risk

Higher risk

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  • 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 bonds81.90%
QUASI-soverreign13.86%
Company0.00%
Cash4.24%

Rating Distribution

Rating DistributionProportion
BBB- and above35.39%
BB- to BB+33.11%
B+ or below16.17%
Average ratingBB+

Fees and Expenses

Fees and Expenses

Fees and ExpensesTotal Management FeeÅOP (Costs)Indirect Trade Cost SubscriptionRedemption
EM Bonds EUR Acc h1.16 %1.67 %0.47 %0.00 %0.00 %

Key Information

ISINDK0060646206
Yield to Maturity4,93 %
Average Duration8,05
Deviation + (1 year)18.24
Deviation + (3 years)11.17
Danish VP Code6064620
Sharpe Ratio (3 Years)-0.11
NAV ultimo 201929.68 EUR
Year to Date-4,29 %
Inception of Share Class21.09.2015
Tax Rate-
BenchmarkJP Morgan EMBI Global Diversified
ListedNo
AccumulatedYes
Share Class Assets (m) 7 EUR
Total Assets (m)206 EUR
Denomination10
Base currencyEUR
AGM (annual general meeting)01.04.2020
Dividend (2019)0.00
TER (incl. depositary and adm.exp)1,16 %
ÅOP (Costs)1,67 %
Indirect Trade Cost 0.47 %
Fund Holdings127
Rec. investment horizonMin. 4 years
Portfolio ManagerSydbank EM Debt Team
NAV ultimo June 202028.41