Fact sheet: Aberdeen Gbl Fntr Mkts Bd

Fund information
Fund name
Aberdeen Global Frontier Markets Bond X2
Fund manager company
Aberdeen Global Services S.A.
Fund type
Offshore Fund
Fund manager
  • Emerging Market Debt Teamsince 24/09/2013
Fund objective
The Fund’s investment objective is to achieve income by investing at least two-thirds of the Fund’s assets in Debt and Debt-Related Securities which are (i) issued by governments or government related bodies domiciled in a Frontier Debt Market and/or issued by corporations (including holding companies of such corporations) with their registered office, principal place of business or preponderance of their business activities in a Frontier Debt Market; and/or (ii) denominated in the currency of a Frontier Debt Market as at the date of investment. At least a majority of the Fund will at all times be invested in Sub-Investment Grade Debt and Debt-Related Securities. The Fund may utilise financial derivative instruments for hedging and/or investment purposes, or to manage foreign exchange risks, subject to the conditions and within the limits laid down by the CSSF.
Benchmark
  • JPM Next Generation Markets
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
10.1%
1 Year rank in sector
29/218
Sector
FO Fixed Int - Emerging Markets
Yield
6.7%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.29%
Fund size
£78m (£98m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
99
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Fund name1 Year
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Performance snapshot

Holdings snapshot

  • Argentina8.5%
    Ghana6.9%
    Ecuador6.4%
    Kenya5.8%
    Dominican Republic5.7%
  • Government Bonds82.4%
    Financials10%
    Industrials7.2%
    Others0.4%
  • African Government Fixed Interest34.3%
    American Emerging Government Fixed Interest23.8%
    Asia Pacific Emerging Corporate Fixed Income7.3%
    American Emerging Corporate Fixed Interest6.6%
    Asia Pacific Emerging Government Fixed Income5.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.7%-1.6%4.8%10.1%18.8%-
Sector-4.2%-3.4%2.8%6%-0.2%6.2%
Rank within sector102 / 22761 / 22546 / 22329 / 21811 / 168-
Quartile2nd2nd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund12.5%-1.6%6.7%--
Sector8.4%-7.3%-0.6%-7%14.7%
Rank within sector32 / 22077 / 20323 / 173--
Quartile1st2nd1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
6.79
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.66
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.53
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
6.7
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
5.3
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
1.24
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.5
Price movement
52 week high12.31
52 week low10
Current bid price-
Current offer price-
Current mid price11.85
Region
1Argentina8.51%
2Ghana6.88%
3Ecuador6.41%
4Kenya5.75%
5Dominican Republic5.67%
6Ivory Coast5.53%
7Mongolia5.04%
8Ethiopia4.91%
9Gabon4.88%
Industry sector
1Government Bonds82.42%
2Financials10%
3Industrials7.17%
4Others0.41%
Asset type
1African Government Fixed Interest34.28%
2American Emerging Government Fixed Interest23.76%
3Asia Pacific Emerging Corporate Fixed Income7.29%
4American Emerging Corporate Fixed Interest6.63%
5Asia Pacific Emerging Government Fixed Income5.23%
6African Corporate Fixed Interest4.76%
7Money Market4.62%
8Asia Pacific Government Fixed Interest4.17%
9Middle East & African Government Fixed Interest3.64%
Individual holdings
1GHANA(REPUBLIC OF) 8.125% NTS 18/01/26 USD200000144A5%
2ETHIOPIA (GOVT OF) 6.625% 11/12/244.9%
3GABONESE REPUBLIC 6.375% BDS 12/12/24 USD200000REG S4.9%
4HONDURAS (REPUBLIC OF) 7.5% BDS 15/03/24 USD2000003.9%
5IRAQ (REPUBLIC OF) 5.8% B 15/01/28 USD1000 `144A`3.6%
6PAKISTAN(REPUBLIC OF) 8.25% BDS 15/04/24 USD200000 REG S3.6%
7ARGENTINA(REPUBLIC OF) 7.82% BDS 31/12/33 EUR1000`DIS`3.5%
8CEMENTOS PROGRESO SA 7.125% NTS 06/11/23 USD1000 144A3.1%
9BANGLALINK DIGITAL COMM LTD 8.625% BDS 06/05/19 USD200000144A2.9%
Management
Fund manager group
Aberdeen
Fund manager company
Aberdeen Global Services S.A.
Fund type
Offshore Fund
Fund objective
The Fund’s investment objective is to achieve income by investing at least two-thirds of the Fund’s assets in Debt and Debt-Related Securities which are (i) issued by governments or government related bodies domiciled in a Frontier Debt Market and/or issued by corporations (including holding companies of such corporations) with their registered office, principal place of business or preponderance of their business activities in a Frontier Debt Market; and/or (ii) denominated in the currency of a Frontier Debt Market as at the date of investment. At least a majority of the Fund will at all times be invested in Sub-Investment Grade Debt and Debt-Related Securities. The Fund may utilise financial derivative instruments for hedging and/or investment purposes, or to manage foreign exchange risks, subject to the conditions and within the limits laid down by the CSSF.
Benchmark
  • JPM Next Generation Markets
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Emerging Market Debt Team24/09/2013
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Aberdeen Global Frontier Markets Bond A1
Initial charge6.38%
Annual charge1.5%
Min single investment£200,000
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)1.79%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.7859
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFBXR
Aberdeen Global Frontier Markets Bond A2
Initial charge5%
Annual charge1.5%
Min single investment£200,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJFPQ
Aberdeen Global Frontier Markets Bond B1
Initial charge-
Annual charge1.5%
Min single investment£200,000
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)2.54%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.102
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFJVE
Aberdeen Global Frontier Markets Bond I1
Initial charge6.38%
Annual charge1%
Min single investment£1,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.7911
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFBXS
Aberdeen Global Frontier Markets Bond I2
Initial charge6.38%
Annual charge1%
Min single investment£1,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.037
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFFDW
Aberdeen Global Frontier Markets Bond X2
Initial charge6.38%
Annual charge1%
Min single investment£200,000
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.8506
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFG5K
Aberdeen Global Frontier Markets Bond X2 Base Currency Exposure EUR
Initial charge6.38%
Annual charge1%
Min single investment£200,000
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.5982
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFG5J
Aberdeen Global Frontier Markets Bond Z2
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.4851
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN9TL
Data provided by

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