Fact sheet: Investec LatinAmCorpDbt

Fund information
Fund name
Investec Latin American Corporate Debt IX Gr Inc-2 USD
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund managers
  • Matthew Claesonsince 29/04/2010
  • Tomas Veneziansince 29/04/2010
Fund objective
The Fund will aim to achieve a high level of income, with the opportunity for capital gain, from a diversified portfolio of debt securities (e.g. bonds) issued by Latin American Borrowers. These securities may be denominated in Latin American local currencies as well as hard currencies (globally traded major currencies).
Benchmark
  • JPMorgan CEMBI Broad Diversified Latin America USD
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
11.7%
1 Year rank in sector
28/216
Sector
FO Fixed Int - Emerging Markets
Yield
5.8%
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.
1.26%
Fund size
£923m (£575m 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$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

  • Brazil35.1%
    Mexico18%
    Colombia9.7%
    Argentina8.8%
    Chile7.5%
  • Banks18.2%
    Basic Industries16.7%
    Energy11.3%
    Non-Cyclical Consumer Goods8.8%
    Government Bonds6.1%
  • Brazilian Fixed Interest35.1%
    American Emerging Fixed Interest25.6%
    Mexican Fixed Interest18%
    Chilean Fixed Interest7.5%
    Peruvian Fixed Interest7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.9%-2%3.1%11.7%12.1%23.9%
Sector-3.3%-3.7%1.6%7.8%1.1%6.9%
Rank within sector44 / 22458 / 22350 / 22128 / 21660 / 170-
Quartile1st2nd1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund13.4%-5.2%3.4%-3.4%-
Sector9.4%-7.3%-0.6%-7%14.7%
Rank within sector28 / 218117 / 20264 / 17229 / 129-
Quartile1st3rd2nd1st
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.
3.67
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.
0.82
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%.
6.8
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.
1.12
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 high17.78
52 week low15.53
Current bid price-
Current offer price-
Current mid price17.19
Region
1Brazil35.1%
2Mexico18%
3Colombia9.7%
4Argentina8.8%
5Chile7.5%
6Peru7%
7Guatemala4.1%
8Money Market3.8%
9USA2.4%
Industry sector
1Banks18.2%
2Basic Industries16.7%
3Energy11.3%
4Non-Cyclical Consumer Goods8.8%
5Government Bonds6.1%
6Cyclical Services5.8%
7Money Market5.3%
8Utilities4.9%
9Cyclical Consumer Goods4.3%
Asset type
1Brazilian Fixed Interest35.1%
2American Emerging Fixed Interest25.6%
3Mexican Fixed Interest18%
4Chilean Fixed Interest7.5%
5Peruvian Fixed Interest7%
6Money Market3.8%
7US Fixed Interest2.4%
8Dutch Fixed Interest0.4%
9Canadian Fixed Interest0.2%
Individual holdings
1COSAN OVERSEAS LTD 8.25% 31/12/991.4%
2BBVA Bancomer SA/Texas 144A 6.750 SEP 30 221.2%
3EMPRESA DE ENERGIA DE BOGOTA S.A. 6.125% NTS 10/11/21 USD1000 REG S1.2%
4PETROBRAS GLOBAL FINANCE BV 8.375% BDS 23/05/21 USD20001.2%
5VTR FINANCE BV 6.875% BDS 15/01/2024 USD2000001.2%
6BANCO DE CREDITO DEL PERU/PANA 6.875% 16/9/261.1%
7CENTRAL AMERICAN BOTTLING CORP 6.75% BDS 09/02/22 USD20001.1%
8GRUPO CEMENTOS DE CHIHUAHUA SAB 8.125% BDS 08/02/20 USD1000 144A1.1%
9TAM CAPITAL 3 INC 8.375% NTS 3/6/21 USD200000 144A1.1%
Management
Fund manager group
Investec
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund objective
The Fund will aim to achieve a high level of income, with the opportunity for capital gain, from a diversified portfolio of debt securities (e.g. bonds) issued by Latin American Borrowers. These securities may be denominated in Latin American local currencies as well as hard currencies (globally traded major currencies).
Benchmark
  • JPMorgan CEMBI Broad Diversified Latin America USD
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Matthew Claeson29/04/2010Matthew Claeson is co-Portfolio Manager of the Fund. Prior to joining Compass Group in 2008, Matthew spent six years as a fixed income strategist at Grupo Santander covering Latin American markets. His most recent position was Senior Vice President and co-Head of Fixed Income Research in New York, with responsibility for Latin local markets (including rates and foreign exchange). Before that, he served as a Latin America economist at BNP Paribas
Tomas Venezian29/04/2010Tomás Venezian is co-Portfolio Manager of the Fund and joined Compass Group in 2006 as Head of the Investment Strategy team in Santiago, Chile. Previously Tomás spent three years as a fixed income trader and analyst for Principal Financial Group’s insurance company, sharing responsibility for managing US$1.5 billion. During 2002, he was an equity trader and analyst for Principal Financial Group’s mutual fund company, with responsibility for US$50 million.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Macau, Netherlands, Norway, Offshore, Peru, Singapore, Sweden, Taiwan - Province Of China
Investec Latin American Corporate Debt A Gr Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.92%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price26.69
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIIW3
Investec Latin American Corporate Debt A Gr Inc-2 USD
Initial charge5%
Annual charge1.5%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.92%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price16.75
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLSW6
Investec Latin American Corporate Debt C Gr Acc USD
Initial charge3%
Annual charge2.25%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.67%
Total expense ratio (TER)2.71%
Bid price-
Offer price-
Mid price21.71
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIIW5
Investec Latin American Corporate Debt C Gr Inc USD
Initial charge3%
Annual charge2.25%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.85
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFNID
Investec Latin American Corporate Debt C Gr Inc ZAR
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 price-
CurrencyZAR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFBBN
Investec Latin American Corporate Debt C Gr Inc-2 USD
Initial charge3%
Annual charge2.25%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.67%
Total expense ratio (TER)2.66%
Bid price-
Offer price-
Mid price16.08
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIIW4
Investec Latin American Corporate Debt F EUR
Initial charge5.26%
Annual charge1%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code11QS
Investec Latin American Corporate Debt F Gr Acc USD
Initial charge5%
Annual charge1%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.12%
Total expense ratio (TER)2.12%
Bid price-
Offer price-
Mid price22.88
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIIW7
Investec Latin American Corporate Debt F Gr Inc USD
Initial charge5%
Annual charge1%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.85
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFNIE
Investec Latin American Corporate Debt F Gr Inc-2 USD
Initial charge5%
Annual charge1%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.12%
Total expense ratio (TER)2.11%
Bid price-
Offer price-
Mid price17.72
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIIW6
Investec Latin American Corporate Debt I Gr Acc USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price26.23
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIIW8
Investec Latin American Corporate Debt I Gr Inc-2 USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price17.34
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code04SN
Investec Latin American Corporate Debt IX Gr Inc-2 USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.27%
Bid price-
Offer price-
Mid price17.19
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI0QS
Data provided by

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