Fact sheet: Ashmore Turkish Debt

Fund information
Fund name
Ashmore Turkish Debt R GBP
Fund manager company
Ashmore Investment Mgt Ltd
Fund type
Offshore Fund
Fund manager
  • Ashmore Investment Teamsince 18/02/2013
Fund objective
"SICAV TDF is an open-ended daily dealing UCITS V Luxembourg registered fund. Investments are mainly in Turkish Transferable Securities which are debt in nature and other instruments issued by Sovereigns, Quasi-Sovereigns and Corporates denominated principally in Turkish Lira, as well as US Dollars and other major currencies."
Benchmark
  • JP Morgan GBI-EM GD Turkey
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-6.3%
1 Year rank in sector
217/218
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.
2.01%
Fund size
£31m (£30m 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.
112
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$40.5%
Pictet Lat Am Lcl Cur Dt33.9%
Rubrics Ind Fxd Inc UCITS32.2%
Pioneer SICV-Emg Mkt Bd29%
Schroder ISF EmgMktBd28.3%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-10.9%-14.3%-12.9%-6.3%-24.7%-
Sector-4.2%-3.4%2.8%6%-0.2%6.2%
Rank within sector225 / 227225 / 225223 / 223217 / 218167 / 168-
Quartile4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-4.7%-17.6%4.8%--
Sector8.4%-7.3%-0.6%-7%14.7%
Rank within sector219 / 220194 / 20348 / 173--
Quartile4th4th2nd
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.
-6.36
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.
1.48
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.
-0.02
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%.
15.48
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.
11.73
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.
-0.59
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.
0.47
Price movement
52 week high78.06
52 week low63.08
Current bid price-
Current offer price-
Current mid price64.07
Region
No data available.
Industry sector
1BBB89.7%
2Non-Rated10.3%
Asset type
No data available.
Individual holdings
1TURKEY(REPUBLIC OF) 8.2% BDS 16/11/16 TRY100013.6%
2TURKEY 8.8% 27/09/2312.1%
3TURKEY 7.10% 08.03.2312%
4TURKEY(REPUBLIC OF) 9% BDS 24/07/24 TRY100010.6%
5TURKEY(REPUBLIC OF) 9% BDS 08/03/17 TRY10008.6%
6TURKEY(REPUBLIC OF) 10.5% BDS 15/01/20 TRY10008.5%
7TURKEY(REPUBLIC OF) 6.3% BDS 14/02/18 TRY1006.9%
8TURKEY(REPUBLIC OF) 8.3% BDS 20/06/18 TRY1005.3%
9TURKEY(REPUBLIC OF) 10.4% BDS 27/03/19 TRY14.9%
Management
Fund manager group
Ashmore
Fund manager company
Ashmore Investment Mgt Ltd
Fund type
Offshore Fund
Fund objective
"SICAV TDF is an open-ended daily dealing UCITS V Luxembourg registered fund. Investments are mainly in Turkish Transferable Securities which are debt in nature and other instruments issued by Sovereigns, Quasi-Sovereigns and Corporates denominated principally in Turkish Lira, as well as US Dollars and other major currencies."
Benchmark
  • JP Morgan GBI-EM GD Turkey
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Ashmore Investment Team18/02/2013
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, United Kingdom, Luxembourg, Norway, Offshore
Ashmore Turkish Debt I USD
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price64.19
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ5YF
Ashmore Turkish Debt R GBP
Initial charge5%
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.01%
Total expense ratio (TER)2.01%
Bid price-
Offer price-
Mid price64.07
CurrencyGBP
Price updated29/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJSKY
Ashmore Turkish Debt Z Inc
Initial charge5%
Annual charge0.95%
Min single investment£1,000,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.32%
Bid price-
Offer price-
Mid price61.87
CurrencyGBP
Price updated29/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKUDE
Data provided by

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