Fact sheet: Ashmore Emg Mkt Sovrn Dbt

Fund information
Fund name
Ashmore Emerging Market Sovereign Debt I USD
Fund manager company
Ashmore Investment Mgt Ltd
Fund type
Offshore Fund
Fund manager
  • Ashmore Investment Teamsince 25/02/2010
Fund objective
SICAV SDF is an open-ended daily dealing UCITS V Luxembourg registered fund. Investments are mainly in transferable debt securities and other instruments issued by emerging market Sovereigns and Quasi-Sovereigns denominated in US dollars and other major currencies.
Benchmark
  • JP Morgan EMBI Global Diversified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
20.6%
1 Year rank in sector
3/41
Sector
FO Fixed Int - USD
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.
0.96%
Fund size
£389m (£346m 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.
80
Top in this sector
Fund name1 Year
CG Dollar23.1%
Ashmore Emg Mkt Sovrn Dbt20.6%
Nordea 1 US Tot Ret Bd19.6%
Nordea 1 Emrg Mkt Bd17.4%
NN (L) EM DebtHC15.3%
...more in FO Fixed Int - USD

Performance snapshot

Holdings snapshot

  • Others56%
    Venezuela8%
    Mexico4.9%
    Hungary4.4%
    Ecuador4.3%
  • BBB38.7%
    B22%
    BB17.2%
    A12.3%
    B+8.8%
  • Global Fixed Interest56%
    American Emerging Fixed Interest19.5%
    Mexican Fixed Interest4.9%
    Hungarian Fixed Interest4.4%
    Indonesian Fixed Interest4.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%5%12.5%20.6%28.9%48.1%
Sector0.5%1.8%4.8%6.5%10.6%19.5%
Rank within sector4 / 425 / 423 / 413 / 414 / 282 / 18
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund17.1%4.4%3.9%-6.4%18.4%
Sector6.6%-0.5%3.4%0%6.8%
Rank within sector4 / 416 / 3817 / 3125 / 271 / 20
Quartile1st1st3rd4th1st
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.
1.3
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.
2.21
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.
0.87
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%.
6.92
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.
5.26
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.
1.07
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.
0.6
Price movement
52 week high120.41
52 week low99.02
Current bid price-
Current offer price-
Current mid price120.25
Region
1Others56%
2Venezuela8%
3Mexico4.9%
4Hungary4.4%
5Ecuador4.3%
6Indonesia4.3%
7Kazakhstan4.3%
8Colombia3.6%
9Dominican Republic3.6%
Industry sector
1BBB38.7%
2B22%
3BB17.2%
4A12.3%
5B+8.8%
6AA0.5%
7Non-Rated0.5%
Asset type
1Global Fixed Interest56%
2American Emerging Fixed Interest19.5%
3Mexican Fixed Interest4.9%
4Hungarian Fixed Interest4.4%
5Indonesian Fixed Interest4.3%
6Kazakhstan Fixed Interest4.3%
7Philippine Fixed Interest3.5%
8Russian Fixed Interest3.1%
Individual holdings
1IVORY COAST VAR 31/12/2032 (REGS)2.5%
2ECUADOR(REPUBLIC OF) 10.5% BDS 24/03/20 USD 2000002%
3PETROLEOS DE VENEZUELA 8.5% BDS 02/11/17 USD100 REG S1.9%
4SINOCHEM OVERSEAS CAPITAL CO LTD 4.5% BDS 12/11/20 USD100000 REG S1.6%
5VENEZUELA(REPUBLIC OF) 11.75% BDS 21/10/26 USD100 REG S1.5%
6ROMANIA(REPUBLIC OF) 6.75% NTS 07/02/22 USD2000 144A1.4%
7MEXICO(UNITED MEXICAN STATES) 4.6% NTS 23/01/46 USD10001.3%
8VENEZUELA(REPUBLIC OF) 11.95% BDS 05/08/31 USD1000 REG S1.3%
9BELARUS(REPUBLIC OF) 8.95% BDS 26/01/18 USD1000001.2%
Management
Fund manager group
Ashmore
Fund manager company
Ashmore Investment Mgt Ltd
Fund type
Offshore Fund
Fund objective
SICAV SDF is an open-ended daily dealing UCITS V Luxembourg registered fund. Investments are mainly in transferable debt securities and other instruments issued by emerging market Sovereigns and Quasi-Sovereigns denominated in US dollars and other major currencies.
Benchmark
  • JP Morgan EMBI Global Diversified Index
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 Sovereign Debt I EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code11OS
Ashmore Emerging Market Sovereign Debt I USD
Initial charge5%
Annual charge0.85%
Min single investment£1,000,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price120.25
CurrencyUSD
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIHI7
Ashmore Emerging Market Sovereign Debt I2 Inc JPY
Initial charge5%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)0.52%
Bid price-
Offer price-
Mid price10187.26
CurrencyJPY
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJCKM
Ashmore Emerging Market Sovereign Debt R EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code11OV
Ashmore Emerging Market Sovereign Debt R USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code11OU
Ashmore Emerging Market Sovereign Debt Z2 Inc 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 price115.48
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNE3E
Ashmore Emerging Market Sovereign Debt Z2 Inc 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 price116.77
CurrencyGBP
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNE3D
Data provided by

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