Fact sheet: Ashmore Local Currency

Fund information
Fund name
Ashmore Local Currency Z Acc USD
Fund manager company
Ashmore Investment Mgt Ltd
Fund type
Offshore Fund
Fund manager
  • Ashmore Investment Teamsince 01/08/2006
Fund objective
SICAV LCF is an open-ended, daily dealing, UCITS V-compliant, Luxembourg fund. It offers investors access to a highly diversified portfolio of mainly Emerging Markets local currencies and local currency denominated sovereign, public sector and corporate debt securities and derivative instruments.
Benchmark
  • JP Morgan ELMI+
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6.1%
1 Year rank in sector
152/216
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.
1.19%
Fund size
£11m (£206m 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
UBS (L)BdSIC-Brazil$38.1%
Pictet Lat Am Lcl Cur Dt34.7%
Schroder ISF EmgMktBd31.6%
Rubrics Ind Fxd Inc UCITS31.5%
Pioneer SICV-Emg Mkt Bd29.3%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Brazil28.8%
    India11.8%
    Colombia10.1%
    China9.1%
    Korea8.6%
  • BB47.5%
    BBB30.7%
    A17.6%
    Non-Rated4.2%
  • Brazilian Fixed Interest28.8%
    Indian Fixed Interest11.8%
    American Emerging Fixed Interest10.1%
    Chinese Fixed Interest9.1%
    Russian Fixed Interest8.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.2%-3%-0.8%6.1%-9.2%-
Sector-3.3%-3.7%1.6%7.8%1.1%6.9%
Rank within sector97 / 22493 / 223150 / 221152 / 216130 / 170-
Quartile2nd2nd3rd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund6.8%-8.2%-7.2%--
Sector9.4%-7.3%-0.6%-7%14.7%
Rank within sector168 / 218140 / 202157 / 172--
Quartile4th3rd4th
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.
-3.29
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.
0.89
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.
-0.01
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%.
7.54
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.
3.7
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.
-0.9
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.
0.77
Price movement
52 week high89.62
52 week low78.72
Current bid price-
Current offer price-
Current mid price86.6
Region
1Brazil28.81%
2India11.8%
3Colombia10.09%
4China9.1%
5Korea8.56%
6Russia8.56%
7Mexico6.4%
8Malaysia5.68%
9Taiwan5.59%
Industry sector
1BB47.5%
2BBB30.7%
3A17.6%
4Non-Rated4.2%
Asset type
1Brazilian Fixed Interest28.81%
2Indian Fixed Interest11.8%
3American Emerging Fixed Interest10.09%
4Chinese Fixed Interest9.1%
5Russian Fixed Interest8.56%
6South Korean Fixed Interest8.56%
7Mexican Fixed Interest6.4%
8Malaysian Fixed Interest5.68%
9Taiwanese Fixed Interest5.59%
Individual holdings
1BRAZIL(FEDERATIVE REPUBLIC OF) 0% TB 01/01/19 BRL100012.1%
2COLOMBIA(REPUBLIC OF) 5% NTS 21/11/18 COP100010.9%
3BRAZIL BLTN 0% 01/01/20206.5%
4MALAYSIA 3.492% BDS 31/03/20 MYR10006.5%
5BRAZIL(FEDERATIVE REPUBLIC OF) 0% TB 01/01/18 BRL10004.5%
6MEXICO(UNITED MEXICAN STATES) 4% BDS 13/06/19 MXV10003.9%
7BRAZIL(FEDERATIVE REPUBLIC OF) 0% BDS 01/07/18 BRL10002.4%
8INDONESIA(REPUBLIC OF) 5.25% BDS 15/05/18 INR10000002%
9BANCO CENTRAL DE LA REP ARGENTINA 0% TB 04/01/17 ARS11.7%
Management
Fund manager group
Ashmore
Fund manager company
Ashmore Investment Mgt Ltd
Fund type
Offshore Fund
Fund objective
SICAV LCF is an open-ended, daily dealing, UCITS V-compliant, Luxembourg fund. It offers investors access to a highly diversified portfolio of mainly Emerging Markets local currencies and local currency denominated sovereign, public sector and corporate debt securities and derivative instruments.
Benchmark
  • JP Morgan ELMI+
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Ashmore Investment Team01/08/2006
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, Chile, Germany, Denmark, Finland, United Kingdom, Luxembourg, Norway, Offshore
Ashmore Local Currency I Acc USD
Initial charge5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price87.18
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJCKL
Ashmore Local Currency I2 CHF
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price78.9
CurrencyCHF
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNJV7
Ashmore Local Currency I2 EUR
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price81.27
CurrencyEUR
Price updated25/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN7X7
Ashmore Local Currency I2 GBP
Initial charge5%
Annual charge1%
Min single investment£600,000
Min regular saving£3,000
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price86.48
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeABRD
Ashmore Local Currency I2 USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price85.7
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN7X6
Ashmore Local Currency R CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.71%
Bid price-
Offer price-
Mid price74.44
CurrencyCHF
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code10O1
Ashmore Local Currency Ret EUR
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.71%
Bid price-
Offer price-
Mid price84.34
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCXE0
Ashmore Local Currency Ret GBP
Initial charge5%
Annual charge1.5%
Min single investment£3,000
Min regular saving£300
Available in ISAYes
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price93.29
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGQK3
Ashmore Local Currency Ret USD
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price96.39
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCXD8
Ashmore Local Currency Z Acc EUR
Initial charge5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price84.48
CurrencyEUR
Price updated21/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ89Q
Ashmore Local Currency Z Acc GBP
Initial charge5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price84.86
CurrencyGBP
Price updated19/05/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ5YC
Ashmore Local Currency Z Acc USD
Initial charge5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price86.6
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ5YB
Ashmore Local Currency Z Inc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price88.36
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJDGF
Ashmore Local Currency Z Inc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price89.33
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJDGE
Data provided by

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