Fact sheet: Ashmore EmMt InvGrd Crdt

Fund information
Fund name
Ashmore Emerging Market Investment Grade Corporate Debt Z Inc GBP
Fund manager company
Ashmore Investment Mgt Ltd
Fund type
Offshore Fund
Fund manager
  • Ashmore Investment Teamsince 25/02/2010
Fund objective
SICAV IGCDF is an open-ended daily dealing UCITS V Luxembourg registered fund. Investments are mainly in investment grade emerging markets transferable debt securities and other instruments, with a particular focus on public sector and private sector corporates, denominated in US dollars and other major currencies as well as local currencies.
Benchmark
  • JP Morgan CEMBI Broad Diversified Investment Grade
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
11.8%
1 Year rank in sector
140/200
Sector
FO Fixed Int - Emerging Markets
Yield
-
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.
1.26%
Fund size
£120m (£97m 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.
21
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$53.7%
Pictet Lat Am Lcl Cur Dt43.1%
SEI Emg Mkts Dt37.3%
Aviva Investors Emg Mkts Bd36.6%
Old Mutual Em Mt Dt36.4%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Others23.6%
    United Arab Emirates10.8%
    Mexico10.5%
    China9.9%
    Colombia8.6%
  • Financials25.5%
    Others20.5%
    Energy17.5%
    Utilities13.3%
    Basic Materials12.9%
  • Global Fixed Interest23.6%
    GCC Fixed Interest18.4%
    Mexican Fixed Interest10.5%
    Chinese Fixed Interest9.9%
    American Emerging Fixed Interest8.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%3.5%7.3%11.8%22.4%43.4%
Sector0.4%4.7%8.5%13.1%3.8%13.9%
Rank within sector188 / 213163 / 210155 / 207140 / 20020 / 162-
Quartile4th4th3rd3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund11.7%2.9%5%-2.9%18%
Sector13.2%-7.3%-0.6%-7%14.7%
Rank within sector143 / 20515 / 19442 / 170--
Quartile3rd1st1st
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.
6.66
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.
0.47
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.
1.07
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%.
4
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.
4.38
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.
1.27
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.
0.78
Price movement
52 week high104.65
52 week low92.65
Current bid price-
Current offer price-
Current mid price103.94
Region
1Others23.6%
2United Arab Emirates10.8%
3Mexico10.5%
4China9.9%
5Colombia8.6%
6Peru8.3%
7Qatar7.6%
8Brazil7.5%
9Kazakhstan5.4%
Industry sector
1Financials25.5%
2Others20.5%
3Energy17.5%
4Utilities13.3%
5Basic Materials12.9%
6Communications10.3%
Asset type
1Global Fixed Interest23.6%
2GCC Fixed Interest18.4%
3Mexican Fixed Interest10.5%
4Chinese Fixed Interest9.9%
5American Emerging Fixed Interest8.6%
6Peruvian Fixed Interest8.3%
7Brazilian Fixed Interest7.5%
8Kazakhstan Fixed Interest5.4%
9Indian Fixed Interest4.3%
Individual holdings
1EZDAN SUKUK CO LTD 4.375% BDS 18/05/21 USD2000002.8%
2BHARTI AIRTEL 5.125% BDS 11/03/23 USD200000 144A2.2%
3ECOPETROL SA 5.875% NTS 18/09/23 USD10002.2%
4ECOPETROL SA 7.375% NTS 18/09/43 USD10002%
5ALDAR PROPERTIES 4.348% 03/12/18 (REGS)1.9%
6DP WORLD LTD 6.85% NTS 02/07/37 USD100000 `144A`1.7%
7ENN ENERGY HLDGS LTD 6% BDS 13/05/21 USD1000 144A1.7%
8LIMA METRO LINE 2 FINANCE LTD 5.875% BDS 05/07/34 USD2000 15 01 REG S1.7%
9TENGIZCHEVROIL FIN CO INTL LTD 4% BDS 15/08/26 USD2000001.7%
Management
Fund manager group
Ashmore
Fund manager company
Ashmore Investment Mgt Ltd
Fund type
Offshore Fund
Fund objective
SICAV IGCDF is an open-ended daily dealing UCITS V Luxembourg registered fund. Investments are mainly in investment grade emerging markets transferable debt securities and other instruments, with a particular focus on public sector and private sector corporates, denominated in US dollars and other major currencies as well as local currencies.
Benchmark
  • JP Morgan CEMBI Broad Diversified Investment Grade
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Ashmore Investment Team25/02/2010
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, Switzerland, Germany, Finland, United Kingdom, Luxembourg, Norway, Offshore
Ashmore Emerging Market Investment Grade Corporate Debt 1 USD
Initial charge5%
Annual charge1.65%
Min single investment£5,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price97.79
CurrencyUSD
Price updated27/05/2010
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeILP3
Ashmore Emerging Market Investment Grade Corporate Debt I EUR
Initial charge5%
Annual charge1.1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price101.42
CurrencyEUR
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG28Q
Ashmore Emerging Market Investment Grade Corporate Debt I GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG28R
Ashmore Emerging Market Investment Grade Corporate Debt I USD
Initial charge5%
Annual charge1.1%
Min single investment£1,000,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price125.19
CurrencyUSD
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIHI4
Ashmore Emerging Market Investment Grade Corporate Debt I2 Inc JPY
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10582.41
CurrencyJPY
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNE3J
Ashmore Emerging Market Investment Grade Corporate Debt R EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG28S
Ashmore Emerging Market Investment Grade Corporate Debt R GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG28T
Ashmore Emerging Market Investment Grade Corporate Debt Z Inc GBP
Initial charge5%
Annual charge1.1%
Min single investment£1,000,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price103.94
CurrencyGBP
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJCKN
Data provided by

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