Fact sheet: MainFirst EmgMktCBdBl

Fund information
Fund name
MainFirst Emerging Markets Corporate Bond Balanced A1 CHF
Fund manager company
Main First
Fund type
Offshore Fund
Fund managers
  • Cornel Bruhinsince 11/10/2012
  • Thomas Rutzsince 11/10/2012
  • Dorothea Fröhlichsince 11/10/2012
Fund objective
This sub-fund seeks to achieve positive growth in the value of its assets by investing in a diversified portfolio of debt securities and similar debt instruments which are issued by debtors in emerging markets and which are denominated in a freely convertible currency. In order to meet this objective, the sub-fund will mostly invest its assets in bonds (including zero bonds), shortterm debt securities and in similar debt instruments (the “Investment Instruments”). Investment instruments are issued or guaranteed by government debtors from emerging markets (in particular central banks, government authorities and regional banks) or corporate debtors with their registered office in an emerging market. In so doing, the sub-fund will focus its investments on investment instruments from corporate debtors.
Benchmark
  • JP Morgan CEMBI
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
8.8%
1 Year rank in sector
38/218
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.
1.62%
Fund size
£207m (£248m 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.
95
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

  • Others30.9%
    Brazil17.3%
    Mexico11.4%
    Peru6.9%
    Colombia6.2%
  • Financials16.5%
    Oil & Gas13.7%
    Industrials12.6%
    Utilities10.7%
    Infrastructure10.3%
  • Global Fixed Interest30.9%
    Brazilian Fixed Interest17.3%
    Mexican Fixed Interest11.4%
    Peruvian Fixed Interest6.9%
    American Emerging Fixed Interest6.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.9%-1.2%6.7%8.8%5.8%-
Sector-4.2%-3.4%2.8%6%-0.2%6.2%
Rank within sector67 / 22752 / 22532 / 22338 / 21887 / 168-
Quartile2nd1st1st1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund12.3%-5.7%-0.5%1.2%-
Sector8.4%-7.3%-0.6%-7%14.7%
Rank within sector33 / 220126 / 203108 / 1734 / 127-
Quartile1st3rd3rd1st
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.
2.35
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.
0.94
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
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%.
8.24
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.
4.84
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.
0.46
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.
0.66
Price movement
52 week high113.14
52 week low94.03
Current bid price-
Current offer price-
Current mid price109.68
Region
1Others30.85%
2Brazil17.25%
3Mexico11.39%
4Peru6.94%
5Colombia6.15%
6Russia6.15%
7Chile5.43%
8China4.89%
9Turkey4.66%
Industry sector
1Financials16.54%
2Oil & Gas13.65%
3Industrials12.57%
4Utilities10.69%
5Infrastructure10.34%
6Mineral Extraction7.87%
7Consumer Goods6.76%
8Real Estate5.76%
9Telecom, Media & Technology5.59%
Asset type
1Global Fixed Interest30.85%
2Brazilian Fixed Interest17.25%
3Mexican Fixed Interest11.39%
4Peruvian Fixed Interest6.94%
5American Emerging Fixed Interest6.15%
6Russian Fixed Interest6.15%
7Chilean Fixed Interest5.43%
8Chinese Fixed Interest4.89%
9Middle East & African Fixed Interest4.66%
Individual holdings
1BRASKEM FINANCE LTD 6.45% BDS 03/02/24 USD10003%
2BANQUE OUEST AFRICAINE D 5.5% NTS 06/05/21 USD200000144A2.97%
3LIMA METRO LINE 2 FINANCE LTD 5.875% BDS 05/07/34 USD2000 15 01 REG S2.91%
4GTL TRADE FINANCE INC 5.893% BDS 29/04/24 USD150000144A2.89%
5MEXICO GENERADORA DE ENERGIA S...2.8%
6LAMAR FUNDING LTD 3.958% BDS 07/05/25 USD1000 144A2.77%
7ECOPETROL SA 5.375% BDS 26/06/26 USD10002.74%
8GRUPOSURA FINANCE 5.5% BDS 29/04/26 USD2000002.55%
9OFFICE CHERIFIEN DES PHOSPHATE2.43%
Management
Fund manager group
Main First
Fund manager company
Main First
Fund type
Offshore Fund
Fund objective
This sub-fund seeks to achieve positive growth in the value of its assets by investing in a diversified portfolio of debt securities and similar debt instruments which are issued by debtors in emerging markets and which are denominated in a freely convertible currency. In order to meet this objective, the sub-fund will mostly invest its assets in bonds (including zero bonds), shortterm debt securities and in similar debt instruments (the “Investment Instruments”). Investment instruments are issued or guaranteed by government debtors from emerging markets (in particular central banks, government authorities and regional banks) or corporate debtors with their registered office in an emerging market. In so doing, the sub-fund will focus its investments on investment instruments from corporate debtors.
Benchmark
  • JP Morgan CEMBI
Investment style
Active
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Cornel Bruhin11/10/2012Cornel Bruhin has been a portfolio manager at MainFirst Asset Management since June 2012 and is responsible for Emerging Market Debt. Previously, Cornel was responsible for the management of the Clariden Leu Emerging Markets Bond Funds and segregated mandates since late 2008. With the distinction as the best newly rated Manager, he joined the elite of European Fixed Income Managers. Prior to that, Cornel managed the European High Rent Fund at Bank Hofmann, specializing in investments in European High Yield bonds. The performance of the fund was consistently ranked in the first quartile and was rated with 5 Stars from Morningstar. Cornel began his investment career in 1984 at Credit Suisse First Boston where he carried out research-based sales of fixed income products to institutional clients and banks, and where, in his last position, he was Director and Head Emerging Market Sales Switzerland.
Thomas Rutz11/10/2012Thomas Rutz has been a portfolio manager at MainFirst Asset Management since September 2012 and is responsible for Emerging Market Debt. Previously, Thomas was Head of the Emerging Markets Department at Clariden Leu, leading the Emerging Markets Bond, Equity and Currency Teams with Asset under Management of over 1 Billion Euros. He was the manager of the CL Local Currencies EMMA Funds since December 2008. In his function as Head Emerging Markets, Thomas was responsible for the banks Emerging Markets Investment Strategy and was a member of the Currency Strategy Committee and the Asset and Liability Committee. Thomas joined Clariden Leu in 2003 as a senior foreign exchange and interest rate trader and became responsible for foreign exchange and economic research in 2006. Prior to that, he spent 6 years at ABB Capital B.V./ ABB World Treasury Center in Zurich and Singapore, where he acted as deputy chief trader and managed a team of proprietary traders. He also worked for two years as chief dealer capital markets at the Bank of Bermuda Ltd., Hamilton. From 1985 to 1994, Thomas held various proprietary trading related positions at UBS in Zurich, London, New York, Chicago and Hong Kong. Thomas started his career with the Graduates Training Program for foreign exchange traders at UBS.
Dorothea Fröhlich11/10/2012Dorothea Fröhlich has been a portolio manager at MainFirst Asset Management since August 2012 and is responsible for Emerging Market Debt. Prior to this, she was Senior Credit Analyst and Fund Manager for the Clariden Leu Emerging Markets Bond Funds and segregated mandates since October 2010. Previously she worked as a fixed income analyst & salesperson for IFC Metropol in Moscow. Dorothea began her career in 2005 at UBS in Zurich, where in her last position, she was Associate Director in equity derivatives, structuring and sales. Dorothea holds an MAS Economics & Finance and MSc Economics from the University of Geneva. During her studies she spent a semester in both Moscow and Beijing and she is a holder of the Chartered Financial Analyst (CFA) designation.
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, Belgium, Switzerland, Germany, Finland, France, United Kingdom, Italy, Luxembourg, Netherlands, Norway, Offshore, Sweden
MainFirst Emerging Markets Corporate Bond Balanced A USD
Initial charge5%
Annual charge1.2%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.67%
Bid price-
Offer price-
Mid price116.03
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGUTV
MainFirst Emerging Markets Corporate Bond Balanced A1 CHF
Initial charge5%
Annual charge1.2%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.62%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price109.68
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGUTW
MainFirst Emerging Markets Corporate Bond Balanced A2 EUR
Initial charge5%
Annual charge1.2%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price113.96
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGUTY
MainFirst Emerging Markets Corporate Bond Balanced C USD
Initial charge5%
Annual charge0.8%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price118.13
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGUTX
MainFirst Emerging Markets Corporate Bond Balanced C1 CHF
Initial charge5%
Annual charge0.8%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price111.88
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGUTZ
MainFirst Emerging Markets Corporate Bond Balanced C2 EUR
Initial charge5%
Annual charge0.8%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price116.45
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGUUA
MainFirst Emerging Markets Corporate Bond Balanced D1 USD
Initial charge5%
Annual charge0.8%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price96.32
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJEAD
MainFirst Emerging Markets Corporate Bond Balanced D2 EUR
Initial charge5%
Annual charge0.8%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price101.61
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJZCO
Data provided by

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