Fact sheet: First State Emg Mkts Bd

Fund information
Fund name
First State Emerging Markets Bond I Acc USD
Fund manager company
First State Investments (Hong
Fund type
No data available.
Fund manager
  • Helene Williamsonsince 08/11/2011
Fund objective
The Fund aims to achieve growth on your investment. The Fund invests at least 80 per cent of its assets in fixed income securities (investments which provide a certain level of income or interest) issued primarily by governments and/or companies in emerging markets. Emerging markets are countries considered to have social or business activity in the process of rapid growth. The Fund may also invest up to 20 per cent of its assets in fixed income securities from companies not in emerging markets but which may conduct business in emerging markets. The majority of investments in the Fund will be denominated in US Dollars. The Fund aims to reduce the effect of currency changes by hedging the US Dollar investments. The Fund may invest in investment grade (seen as being higher quality) fixed income securities. The Fund may also invest more than 30 per cent of its assets in fixed income securities with low or no credit ratings.
Benchmark
  • JP Morgan Emerging Markets Bonds Index Global Diversified
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
13.3%
1 Year rank in sector
8/41
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.
1.27%
Fund size
£29m (£26m 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.
78
Top in this sector
Fund name1 Year
CG Dollar22.9%
Nordea 1 US Tot Ret Bd20.2%
Ashmore Emg Mkt Sovrn Dbt19.7%
Nordea 1 Emrg Mkt Bd16.3%
NN (L) EM DebtHC13.6%
...more in FO Fixed Int - USD

Performance snapshot

Holdings snapshot

  • Latin America39.7%
    Not Specified26.7%
    Asia15.1%
    Africa7.7%
    Money Market6.1%
  • Government Guaranteed93.9%
    Money Market6.1%
  • American Emerging Fixed Interest39.7%
    Global Fixed Interest26.7%
    Asia Pacific Fixed Interest15.1%
    African Fixed Interest7.7%
    Money Market6.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%5.2%9.3%13.3%21.9%-
Sector0.5%2%4.9%6.4%10.6%19.4%
Rank within sector21 / 425 / 426 / 418 / 416 / 28-
Quartile2nd1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund13.3%0.2%7.1%-4.5%17.3%
Sector6.6%-0.5%3.4%0%6.8%
Rank within sector6 / 4119 / 387 / 3123 / 272 / 20
Quartile1st2nd1st4th1st
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.
0.45
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.
1.99
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.
0.82
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%.
5.34
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.
3.3
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.
1.23
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.
0.82
Price movement
52 week high13.63
52 week low11.75
Current bid price-
Current offer price-
Current mid price13.55
Region
1Latin America39.7%
2Not Specified26.7%
3Asia15.1%
4Africa7.7%
5Money Market6.1%
6Middle East4%
7North America0.7%
Industry sector
1Government Guaranteed93.9%
2Money Market6.1%
Asset type
1American Emerging Fixed Interest39.7%
2Global Fixed Interest26.7%
3Asia Pacific Fixed Interest15.1%
4African Fixed Interest7.7%
5Money Market6.1%
6Middle East & African Fixed Interest4%
7North American Fixed Interest0.7%
Individual holdings
1HUNGARY 5.375% NTS 21/02/23 USD20002.4%
2SRI LANKA(REPUBLIC OF) 5.875% BDS 25/07/22 USD200000 144A1.9%
3CNOOC FINANCE 2013 LTD 3% BDS 09/05/23 USD2000001.8%
4CROATIA(REPUBLIC OF) 6.375% BDS 24/03/21 USD1000 144A1.8%
5COSTA RICA 6.95% 10/11/211.5%
6DOMINICAN REPUBLIC 5.5% BDS 27/01/25 USD1000001.5%
7COS 7.158 12/03/451.4%
8MEXICO(UNITED MEXICAN STATES) 4.6% NTS 23/01/46 USD10001.4%
9PEMEX MEXICANOS 5.5%/10-21.01.20211.4%
Management
Fund manager group
First State Investments
Fund manager company
First State Investments (Hong
Fund type
No data available.
Fund objective
The Fund aims to achieve growth on your investment. The Fund invests at least 80 per cent of its assets in fixed income securities (investments which provide a certain level of income or interest) issued primarily by governments and/or companies in emerging markets. Emerging markets are countries considered to have social or business activity in the process of rapid growth. The Fund may also invest up to 20 per cent of its assets in fixed income securities from companies not in emerging markets but which may conduct business in emerging markets. The majority of investments in the Fund will be denominated in US Dollars. The Fund aims to reduce the effect of currency changes by hedging the US Dollar investments. The Fund may invest in investment grade (seen as being higher quality) fixed income securities. The Fund may also invest more than 30 per cent of its assets in fixed income securities with low or no credit ratings.
Benchmark
  • JP Morgan Emerging Markets Bonds Index Global Diversified
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Helene Williamson08/11/2011Helene Williamson is Head of Emerging Markets Debt at First State Investments, where she is responsible for the company's full suite of emerging markets debt portfolios. Helene's extensive experience includes 16 years as Head of Emerging Markets Debt with F&C Asset Management. In this position, she managed F&C's Emerging Markets Debt SICAV, which received a 5-star rating from Morningstar. Helene holds an MBA in Finance from the Wharton Graduate School and is fluent in French, German and Spanish.
Compliance
Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Hong Kong, Ireland, Offshore, Singapore
First State Emerging Markets Bond I Acc USD
Initial charge5%
Annual charge1.25%
Min single investment£1,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.55
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0J06
First State Emerging Markets Bond I Dis USD
Initial charge5%
Annual charge1.25%
Min single investment£1,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.83
CurrencyUSD
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0J07
First State Emerging Markets Bond I Monthly Dis HKD
Initial charge5%
Annual charge1.25%
Min single investment£12,000
Min regular saving£8,000
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.23
CurrencyHKD
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJJ5E
First State Emerging Markets Bond I Monthly Dis USD
Initial charge5%
Annual charge1.25%
Min single investment£1,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.81
CurrencyUSD
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJJ5D
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.