EM Bonds EUR d h

High Yield Bonds

Key Information

  • ISIN

    DK0060626281

  • Inception

    24.04.2015

  • Return Profile

    Dividend

  • Risk Class

    4

  • Share Class Assets (m)

    19 EUR

  • ÅOP (Costs)

    1,66 %

  • Indirect Trade Cost

    0.34 %

  •  
  • 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 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 d 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: +0.24%

Return Aug.: -3.06%

Return YtD: -7.90%

NAV per. 21/09/18 12:06

Today's Returns 0.24 %
Return year to date, % -7.90 %
Redemption 7.54
Subscription 7.54
NAV 7.54
Total Assets (m) 19 EUR

Returns - Last Update 01/09/18

Return year to date, % -8.75 %
1 Year -8.03%
3 Years 6.48%
5 Years 0.00%
7 Years 0.00%
10 Years 0.00%

NAV development

Export graph-data

Include:

Return & Dividend

YearReturnsDividendIncome on equityCapital incomeTaxfreeNAV per unit (End Year)
20178.42%1.380.001.380.009.57
20169.48%0.480.000.480.009.29
2015-6.75%0.890.000.890.009.33

Latest trends

Emerging Market BondsReturn AugustReturn YtD
Latest trend-3.06%-8.75%
Return benchmark-1.98%-6.27%

Development in NAV

Expectations of return

Fund's Holdings

Fund Holdings

Top 10 HoldingsCouponCountryBase currencyProportion
Rep. of Ghana 14.10.203010.75GhanaUSD3.11%
Turkey Govt Bond 11.04.20234.13TurkeyEUR2.92%
Oman Government International Bond 17.01.20486.75OmanUSD2.52%
Abu Dhabi Government International Bond 11.10.20222.50United Arab EmiratesUSD2.45%
Ivory Coast Government International Bo 15.06.20255.13Ivory CoastEUR2.20%
Costa Rica Government International Bon 22.05.20194.37Costa RicaUSD2.16%
Argentina Bond 31.12.20337.82ArgentinaEUR2.07%
Qatar Government International Bond 23.04.20485.10QatarUSD2.04%
Russian Foreign Bond - Eurobond 23.06.20274.25RussiaUSD2.04%
Colombia 26.02.20445.63ColombiaUSD2.03%
Fund Holdings: 101
Show all Holdings

Distribution by country

Distribution by country

CountryProportionChanges in percentage points
Turkey9.45%-2.33%
Argentina5.49%-0.02%
Mexico4.43%-1.59%
Qatar4.34%3.09%
Costa Rica3.97%2.41%
Russia3.70%1.72%
Panama3.68%0.20%
Dominican Republic3.39%0.70%
Indonesia3.14%-1.15%
Other58.42%-7.76%

Distribution by region

RegionProportion
Latin America25.97%
North America20.25%
Eastern Europe19.62%
Middle East17.52%
Africa15.46%
Caribbean7.95%
Asia5.23%
Other-11.99%

Distrubution by currency

Base currencyProportion
Danish krona (DKK)80.07%
Euro (EUR)22.19%
JPY0.05%
US dollar (USD)-2.31%
Other0.00%

Risk

Lower risk

Higher risk

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  • 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 bonds82.86%
QUASI-soverreign8.89%
Company0.00%
Cash8.25%

Fees and Expenses

Fees and Expenses

Fees and ExpensesTotal Management FeeÅOP (Costs)Indirect Trade Cost SubscriptionRedemption
EM Bonds EUR d h1.16 %1.66 %0.34 %4.00 %0.50 %

Key Information

ISINDK0060626281
Yield to Maturity6,38 %
Average Duration6,02
Deviation + (1 year)-
Deviation + (3 years)-
Danish VP Code6062628
Sharpe Ratio (3 Years)-
NAV ultimo 20179.57 EUR
Year to Date-8,75 %
Inception of Share Class24.04.2015
Tax Rate-
BenchmarkEMBI Global Diversified
ListedNo
AccumulatedNo
Share Class Assets (m) 19 EUR
Total Assets (m)429 EUR
Denomination10
Base currencyEUR
AGM (annual general meeting)22.03.2018
Dividend (2017)1.38
TER (incl. depositary and adm.exp)1,16 %
ÅOP (Costs)1,66 %
Indirect Trade Cost 0.34 %
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 20187.47