Fact sheet: CS 3 (L)EmMkCInGdB

Fund information
Fund name
CS 3 (Lux) Emerging Market Corporate Investment Grade Bond EB USD
Fund manager company
Credit Suisse Fund Management
Fund type
Offshore Fund
Fund manager
  • Andreas Fischersince 01/04/2012
Fund objective
The fund invests primarily in corporate bonds, and to a limited degree in U.S. dollar-denominated bonds issued by sovereign borrowers in developing nations. In general, the Fund’s investments must have an investment grade rating of BBB-/Baa3. Additionally, the fund also has the ability to invest in companies with a split rating. The fund aims to deliver a return over the entire economic cycle that is higher than what could be achieved with bonds issued by borrowers in industrialized nations. The large investment universe encompassing many different countries with highly diverse risk profiles offers interesting investment opportunities and allows for a broad diversification. The fund is actively managed in terms of its investment approach.
Benchmark
  • JPM CEMBI Broad Diversified High Grade
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
5.2%
1 Year rank in sector
117/217
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.
0.83%
Fund size
£541m (£502m 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.
76
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Performance snapshot

Holdings snapshot

  • Global Emerging Markets27.3%
    China13.2%
    India10.4%
    Chile9.9%
    United Arab Emirates9.3%
  • Financials26.1%
    Oil & Gas18.5%
    Utilities11.4%
    Others9.1%
    Government Bonds8.1%
  • Global Emerging Market Fixed Interest27.3%
    Chinese Fixed Interest13.2%
    GCC Fixed Interest13.2%
    Indian Fixed Interest10.4%
    Chilean Fixed Interest9.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.8%-3.2%0.4%5.2%11.6%25.9%
Sector-4%-3.9%1.9%5.8%0%5.1%
Rank within sector70 / 22589 / 224130 / 222117 / 217--
Quartile2nd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.3%-0.7%---
Sector8%-7.3%-0.6%-7%14.7%
Rank within sector139 / 21956 / 203---
Quartile3rd2nd
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.
3.64
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.
0.59
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.
0.03
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%.
4.84
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.
3.74
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.
0.99
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.
0.81
Price movement
52 week high1149.11
52 week low1030.3
Current bid price-
Current offer price-
Current mid price1108.99
Region
1Global Emerging Markets27.3%
2China13.2%
3India10.4%
4Chile9.9%
5United Arab Emirates9.3%
6Mexico7.8%
7Colombia5.5%
8Peru5.3%
9Russia4%
Industry sector
1Financials26.1%
2Oil & Gas18.5%
3Utilities11.4%
4Others9.1%
5Government Bonds8.1%
6Industrials8.1%
7Consumer Goods6.4%
8Telecom, Media & Technology5%
9Mineral Extraction4.9%
Asset type
1Global Emerging Market Fixed Interest27.3%
2Chinese Fixed Interest13.2%
3GCC Fixed Interest13.2%
4Indian Fixed Interest10.4%
5Chilean Fixed Interest9.9%
6Mexican Fixed Interest7.8%
7American Emerging Fixed Interest5.5%
8Peruvian Fixed Interest5.3%
9Russian Fixed Interest4%
Individual holdings
1LUKOIL INTERNATIONAL FINANCE BV 4.563% NTS 24/04/23 USD200000144A1.43%
2MMC FINANCE LTD 6.625% NTS 14/10/22 USD200000 144A1.38%
3RELIANCE INDUSTRIES 4.125% BDS 28/01/25 USD250000 REG S1.37%
4GNL QUINTERO SA 31/07/291.36%
5STATE OF QATAR 02.06.211.32%
6OFFICE CHERIFIEN DES PHOSPHATES 5.625% BDS 25/04/24 USD200000144A1.28%
7ROMANIA 7/02/221.28%
8BHARTI AIRTEL 5.35% NTS 20/05/24 USD200000 REG S1.27%
9CHINA CINDA FINANCE 3.125% BDS 23/04/20 USD200000 REG S1.26%
Management
Fund manager group
Credit Suisse
Fund manager company
Credit Suisse Fund Management
Fund type
Offshore Fund
Fund objective
The fund invests primarily in corporate bonds, and to a limited degree in U.S. dollar-denominated bonds issued by sovereign borrowers in developing nations. In general, the Fund’s investments must have an investment grade rating of BBB-/Baa3. Additionally, the fund also has the ability to invest in companies with a split rating. The fund aims to deliver a return over the entire economic cycle that is higher than what could be achieved with bonds issued by borrowers in industrialized nations. The large investment universe encompassing many different countries with highly diverse risk profiles offers interesting investment opportunities and allows for a broad diversification. The fund is actively managed in terms of its investment approach.
Benchmark
  • JPM CEMBI Broad Diversified High Grade
Investment style
Active
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Andreas Fischer01/04/2012He is a senior portfolio manager in Emerging Market products. Prior to joining Credit Suisse Asset Management, Andreas Fischer was a Vice President at Clariden Leu, where he was responsible for hedging and overlay strategies as well as monitoring of the asset allocation. Furthermore he was co-managing the Clariden Leu Core Plus Funds. Andreas Fischer started his career at Basellandschaftliche Kantonalbank, before taking up a position as a portfolio manager at Bank Sarasin. Afterwards he worked in London from 2006 to 2011 in managing absolute return strategies including EM bonds as well as LC EM bonds at London & Capital Asset Management. He is a charter holder of the CFA institute and holds a degree as a MSc in Finance from Birkbeck University, London.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, Finland, France, United Kingdom, Italy, Liechtenstein, Luxembourg, Norway, Offshore, Singapore, Sweden
CS 3 (Lux) Emerging Market Corporate Investment Grade Bond B USD
Initial charge5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price125.9
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN3L5
CS 3 (Lux) Emerging Market Corporate Investment Grade Bond BH CHF
Initial charge5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price119.51
CurrencyCHF
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN3L7
CS 3 (Lux) Emerging Market Corporate Investment Grade Bond BH EUR
Initial charge5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price122.65
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN3L8
CS 3 (Lux) Emerging Market Corporate Investment Grade Bond DB USD
Initial charge-
Annual charge0.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price1060.54
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFX0E
CS 3 (Lux) Emerging Market Corporate Investment Grade Bond DBH CHF
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 price1028.86
CurrencyCHF
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC0QO
CS 3 (Lux) Emerging Market Corporate Investment Grade Bond EB USD
Initial charge3%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price1108.99
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFG6A
CS 3 (Lux) Emerging Market Corporate Investment Grade Bond EBH CHF
Initial charge3%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.56%
Bid price-
Offer price-
Mid price1014.09
CurrencyCHF
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKSC
CS 3 (Lux) Emerging Market Corporate Investment Grade Bond EBH EUR
Initial charge3%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price1067.65
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFHVF
CS 3 (Lux) Emerging Market Corporate Investment Grade Bond IB
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price128.64
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN3L6
CS 3 (Lux) Emerging Market Corporate Investment Grade Bond IBH CHF
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price122.09
CurrencyCHF
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN3L9
CS 3 (Lux) Emerging Market Corporate Investment Grade Bond IBH EUR
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.87%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price125.5
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN3M0
CS 3 (Lux) Emerging Market Corporate Investment Grade Bond UB USD
Initial charge5%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price103.31
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSFI
CS 3 (Lux) Emerging Market Corporate Investment Grade Bond UBH CHF
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price100.23
CurrencyCHF
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSFJ
CS 3 (Lux) Emerging Market Corporate Investment Grade Bond UBH EUR
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price101.37
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSFK
Data provided by

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