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 27/03/20 12:32

Today's Return: +1.70%

Return Feb.: -1.12%

Return YtD: -13.17%

NAV per. 27/03/20 12:32

Today's Returns 1.70 %
Return year to date, % -13.17 %
Redemption 25.77
Subscription 25.77
NAV 25.77
Total Assets (m) 7 EUR

Returns - Last Update 01/03/20

Return year to date, % 0.21 %
1 Year 6.32%
3 Years 5.96%
5 Years 14.47%
7 Years 15.71%
10 Years 63.28%

NAV development

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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 FebruaryReturn YtD
Latest trend-1.12%0.21%
Return benchmark-1.15%0.17%

Fund Holdings

Fund Holdings

Top 10 HoldingsCouponCountryBase currencyProportion
Rep. of Ghana 14.10.203010.75GhanaUSD4.34%
Russian Eurobond 23.06.20274.25RussiaUSD3.74%
IVYCST 5 1/4 03.22.305.25Ivory CoastEUR3.32%
Oman Government International Bond 17.01.20486.75OmanUSD3.08%
Turkey Government International Bond 26.04.20297.63TurkeyUSD2.40%
Uruguay 18.06.20505.10UruguayUSD2.15%
Qatar Government International Bond 23.04.20485.10QatarUSD2.10%
Indonesia 17.02.20376.63IndonesiaUSD2.06%
Corp Nacional del Cobre de Chile 30.09.20293.00ChileUSD2.01%
Egypt Government International Bond 11.04.20316.38EgyptEUR1.98%
Fund Holdings: 116
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Distribution by country

Distribution by country

CountryProportionChanges in percentage points
Russia6.99%0.37%
Mexico6.28%0.00%
Indonesia6.18%1.23%
Oman4.84%-0.19%
Romania4.59%-0.06%
Ghana4.34%0.00%
Saudi Arabia3.88%0.23%
Qatar3.86%0.18%
South Africa3.68%-0.09%
Other55.34%-5.04%

Distribution by region

RegionProportion
Latin America25.48%
Africa22.09%
North America21.46%
Eastern Europe18.43%
Middle East14.62%
Asia10.40%
Caribbean4.25%
Other-16.73%

Distrubution by currency

Base currencyProportion
Euro (EUR)97.87%
Danish krona (DKK)2.62%
US dollar (USD)-0.49%
Other0.00%

Risk

Lower risk

Higher risk

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  • 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 bonds81.19%
QUASI-soverreign13.87%
Company0.00%
Cash4.94%

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 Maturity5,28 %
Average Duration7,66
Deviation + (1 year)4.60
Deviation + (3 years)5.31
Danish VP Code6064620
Sharpe Ratio (3 Years)0.47
NAV ultimo 201929.68 EUR
Year to Date0,21 %
Inception of Share Class21.09.2015
Tax Rate-
BenchmarkJP Morgan EMBI Global Diversified
ListedNo
AccumulatedYes
Share Class Assets (m) 7 EUR
Total Assets (m)186 EUR
Denomination10
Base currencyEUR
AGM (annual general meeting)04.04.2019
Dividend (2019)0.00
TER (incl. depositary and adm.exp)1,16 %
ÅOP (Costs)1,67 %
Indirect Trade Cost 0.47 %
Fund Holdings117
Rec. investment horizonMin. 4 years
Portfolio ManagerSydbank EM Debt Team
NAV ultimo February 202029.74