EM Bonds EUR Acc h

High Yield Bonds

Key Information

  • ISIN

    DK0060646206

  • Inception

    21.09.2015

  • Return Profile

    Accumulated

  • Dividend

  • Risk Class

    4

  • Share Class Assets (m)

    9 EUR

  • ÅOP (Costs)

    1,66 %

  • Indirect Trade Cost

    0.33 %

  •  
  • KIID

  • Fund Facts

  • Prospectus

Show More

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

  • Portfolio Manager

Returns

Date 21/09/18 12:06

Today's Return: +0.25%

Return Aug.: -3.15%

Return YtD: -7.69%

NAV per. 21/09/18 12:06

Today's Returns 0.25 %
Return year to date, % -7.69 %
Redemption 27.30
Subscription 27.30
NAV 27.30
Total Assets (m) 9 EUR

Returns - Last Update 01/09/18

Return year to date, % -8.68 %
1 Year -7.79%
3 Years 6.46%
5 Years 14.33%
7 Years 22.94%
10 Years 55.61%

NAV development

Export graph-data

Include:

Return & Dividend

YearReturnsDividendIncome on equityCapital incomeTaxfreeNAV per unit (End Year)
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
Show More

Latest trends

Emerging Market Bonds EUR Acc hReturn AugustReturn YtD
Latest trend-3.15%-8.68%
Return benchmark-1.98%-6.27%

Development in NAV

Expectations of return

Fund's Holdings

Fund Holdings

Top 10 HoldingsCouponCountryBase currencyProportion
Rep. of Ghana 14.10.203010.75GhanaUSD3.23%
Turkey Govt Bond 11.04.20234.13TurkeyEUR3.02%
Abu Dhabi Government International Bond 11.10.20222.50United Arab EmiratesUSD2.54%
Oman Government International Bond 17.01.20486.75OmanUSD2.51%
Argentina Bond 31.12.20337.82ArgentinaEUR2.36%
Ivory Coast Government International Bo 15.06.20255.13Ivory CoastEUR2.33%
Costa Rica Government International Bon 22.05.20194.37Costa RicaUSD2.24%
Colombia 26.02.20445.63ColombiaUSD2.10%
Qatar Government International Bond 23.04.20485.10QatarUSD2.06%
Uruguay 18.06.20505.10UruguayUSD2.02%
Fund Holdings: 101
Show all Holdings

Distribution by country

Distribution by country

CountryProportionChanges in percentage points
Turkey9.78%-1.94%
Argentina6.08%0.57%
Qatar4.41%3.18%
Mexico4.37%-1.67%
Costa Rica4.08%2.55%
Panama3.70%0.41%
Russia3.55%1.63%
Dominican Republic3.49%0.87%
Indonesia3.29%-1.06%
Other57.24%-5.49%

Distribution by region

RegionProportion
Latin America26.70%
North America20.14%
Eastern Europe20.06%
Middle East17.90%
Africa15.99%
Caribbean7.92%
Asia5.36%
Other-14.06%

Distrubution by currency

Base currencyProportion
Euro (EUR)99.63%
Danish krona (DKK)2.58%
JPY-0.07%
US dollar (USD)-2.15%
Other0.00%

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 bonds84.92%
QUASI-soverreign8.97%
Company0.00%
Cash6.11%

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 %1.66 %0.33 %4.00 %0.50 %

Key Information

ISINDK0060646206
Yield to Maturity6,51 %
Average Duration6,22
Deviation + (1 year)-
Deviation + (3 years)-
Danish VP Code6064620
Sharpe Ratio (3 Years)-
NAV ultimo 201729.57 EUR
Year to Date-8,68 %
Inception of Share Class21.09.2015
Tax Rate-
BenchmarkJP Morgan EMBI Global Diversified
ListedNo
AccumulatedYes
Share Class Assets (m) 9 EUR
Total Assets (m)273 EUR
Denomination10
Base currencyEUR
AGM (annual general meeting)22.03.2018
Dividend (2017)-
TER (incl. depositary and adm.exp)1,16 %
ÅOP (Costs)1,66 %
Indirect Trade Cost 0.33 %
Expected return p.a.4,50 % p.a.
Expected min. return, 1 year-5,25 %
Expected max return, 1 year14,25 %
Fund Holdings104
Rec. investment horizonMin. 4 years
Portfolio ManagerSydbank EM Debt Team
NAV ultimo August 201827.01