Fact sheet: CS 3 (L)EmMktCorpBd

Fund information
Fund name
CS 3 (Lux) Emerging Market Corporate Bond UB USD
Fund manager company
Credit Suisse Fund Management
Fund type
Offshore Fund
Fund manager
  • Gonzalo Borjasince 01/04/2012
Fund objective
The fund invests primarily in corporate bonds, and to a limited extent in U.S. dollar-denominated bonds issued by sovereign borrowers in developing nations. The fund aims to deliver a return that over the entire economic cycle is higher than what could be obtained from 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. While countries are evaluated using a top-down approach, individual investments are evaluated using a bottom-up analysis. The fund is actively managed in terms of its investment approach. This share class provides a hedge against currency risk versus the reference currency (USD).
Benchmark
  • JPM CEMBI Broad Diversified Composite
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
15.5%
1 Year rank in sector
60/219
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.
0.91%
Fund size
£349m (£436m 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.
79
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$63.2%
Pictet Lat Am Lcl Cur Dt44.5%
Schroder ISF EmgMktBd40%
Old Mutual Em Mt Dt39.1%
Ashmore EMHghYldCrDb36.9%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Global Emerging Markets25.1%
    Russia15.3%
    China10%
    Brazil8.4%
    Argentina8.1%
  • Financials24.6%
    Government Bonds12%
    Oil & Gas12%
    Telecom, Media & Technology9.4%
    Industrials8.7%
  • Global Fixed Interest67.3%
    Global Government Fixed Interest27.7%
    Others5.1%
    Cash & Cash Equivalents-0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.2%1.3%3.3%15.5%13%34%
Sector1.9%-1.8%-0.4%13.4%2.6%8.2%
Rank within sector102 / 22712 / 22631 / 22260 / 219--
Quartile2nd1st1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.3%12.6%---
Sector0.9%10.2%-7.3%-0.6%-7%
Rank within sector81 / 22747 / 219---
Quartile2nd1st
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.
3.53
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.
0.7
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.
0.07
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%.
5.91
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.
3.59
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.
0.94
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 high113.04
52 week low96.86
Current bid price-
Current offer price-
Current mid price113.19
Region
1Global Emerging Markets25.08%
2Russia15.28%
3China9.99%
4Brazil8.36%
5Argentina8.11%
6United Arab Emirates8.1%
7Mexico7.62%
8India6.92%
9Colombia5.54%
Industry sector
1Financials24.6%
2Government Bonds12%
3Oil & Gas12%
4Telecom, Media & Technology9.4%
5Industrials8.7%
6Mineral Extraction7.4%
7Real Estate7.3%
8Consumer Goods7%
9Others7%
Asset type
1Global Fixed Interest67.3%
2Global Government Fixed Interest27.74%
3Others5.14%
4Cash & Cash Equivalents-0.19%
Individual holdings
1VTB CAPITAL SA 5% NTS 24/10/24 CHF50002.32%
2VEB FINANCE PLC 5.942% BDS 21/11/23 USD1000 144A1.98%
3SBERBANK OF RUSSIA 07/02/221.53%
4ADANI PORTS & SPECIAL ECONOMIC ZONE 3.5% NTS 29/07/20 USD1000 144A1.37%
5VOTORANTIM INDU 25/09/191.34%
6BRASKEM FINANCE LTD 5.75% NTS 15/04/21 USD1000 144A1.3%
7CEMEX FINANCE LLC 9.375% BDS 12/10/22 USD1000 144A1.24%
8BHARTI AIRTEL 5.125% BDS 11/03/23 USD200000 144A1.21%
9FIDEICOMISO PA PACIFICO TRES 8.25% BDS 15/01/35 USD1000REG S1.19%
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 extent in U.S. dollar-denominated bonds issued by sovereign borrowers in developing nations. The fund aims to deliver a return that over the entire economic cycle is higher than what could be obtained from 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. While countries are evaluated using a top-down approach, individual investments are evaluated using a bottom-up analysis. The fund is actively managed in terms of its investment approach. This share class provides a hedge against currency risk versus the reference currency (USD).
Benchmark
  • JPM CEMBI Broad Diversified Composite
Investment style
Active
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Gonzalo Borja01/04/2012Gonzalo Borja joined Credit Suisse in 2012. He is a senior portfolio manager and responsible for Emerging Market products within the Fixed Income team. Prior to joining Credit Suisse Asset Management, Gonzalo Borja was a Senior Vice President at Clariden Leu where he was responsible for the management of the Clariden Leu Bond Fund EUR, the Clariden Leu Corporate Bond Fund and the Clariden Leu European High Yield Bond Fund. Furthermore, he was in charge of the Credit Investment Process within Fixed Income Asset Management. He joined Clariden Leu from the former Clariden Bank in 2000 as a credit analyst and portfolio manager for high yield and emerging markets. Prior to that, he completed an internship program at Banco Santander in Equity Capital Markets in Madrid and Baring Private Equity Partners in London. He graduated in Business Administration from the European Business School in Madrid.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, Spain, Finland, France, United Kingdom, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
CS 3 (Lux) Emerging Market Corporate Bond A USD
Initial charge5%
Annual charge1.2%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price99.43
CurrencyUSD
Price updated13/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF0JW
CS 3 (Lux) Emerging Market Corporate Bond B USD
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price129.76
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code09K9
CS 3 (Lux) Emerging Market Corporate Bond BH CHF
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price121.68
CurrencyCHF
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code09KB
CS 3 (Lux) Emerging Market Corporate Bond BH EUR
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price125.1
CurrencyEUR
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code09KC
CS 3 (Lux) Emerging Market Corporate Bond DB USD
Initial charge-
Annual charge0.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price1123.05
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSQQ
CS 3 (Lux) Emerging Market Corporate Bond EA USD
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price975.72
CurrencyUSD
Price updated13/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFKOC
CS 3 (Lux) Emerging Market Corporate Bond EB USD
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price1195.95
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFBWQ
CS 3 (Lux) Emerging Market Corporate Bond IB USD
Initial charge3%
Annual charge0.8%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price132.55
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code09KA
CS 3 (Lux) Emerging Market Corporate Bond IBH CHF
Initial charge-
Annual charge0.8%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price124.33
CurrencyCHF
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code09KD
CS 3 (Lux) Emerging Market Corporate Bond IBH EUR
Initial charge-
Annual charge0.8%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price127.78
CurrencyEUR
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code09KE
CS 3 (Lux) Emerging Market Corporate Bond MB USD
Initial charge0.5%
Annual charge0.3%
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)0.48%
Bid price-
Offer price-
Mid price1263.55
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF1KD
CS 3 (Lux) Emerging Market Corporate Bond UA USD
Initial charge5%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price104.53
CurrencyUSD
Price updated13/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFRJL
CS 3 (Lux) Emerging Market Corporate Bond UB USD
Initial charge5%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price113.19
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFRJM
CS 3 (Lux) Emerging Market Corporate Bond UBH CHF
Initial charge-
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price109.1
CurrencyCHF
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFRJN
CS 3 (Lux) Emerging Market Corporate Bond UBH EUR
Initial charge-
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price110.89
CurrencyEUR
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFRJO
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