Fact sheet: NN (L) EMD LclCcy

Fund information
Fund name
NN (L) Emerging Markets Debt (LC) X Cap USD
Fund manager company
NN Investment Partners (LUX)
Fund type
Offshore Fund
Fund manager
  • Jaco Rouwsince 02/05/2011
Fund objective
The fund invests in debt instruments (i.e. notes, bonds, certificates, etc) issued and/or denominated in the currencies of low or middle-income developing countries ("emerging markets") in Latin America, Asia, Central Europe, Eastern Europe and Africa. In most cases, the remaining life of these instruments is less than one year. Furthermore, the fund enters in emerging market currency forward contracts (a currency market transaction in which a seller agrees to deliver a specific currency to a buyer at some point in the future). We seek to add value through currency and interest rate positioning. Measured over a period of several years we aim to beat the performance of the benchmark JP Morgan ELMI Plus. The fund is intended for investors capable of assessing the risks linked to this fund. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund aims at providing you with a regular dividend.
Benchmark
  • JPM ELMI Plus
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
3.8%
1 Year rank in sector
196/220
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.
1.8%
Fund size
£516m (£479m 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
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Ashmore EMHghYldCrDb31%
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Old Mutual Em Mt Dt27.4%
Ashburton India FxIn Opps26.6%
Pioneer SICV-Emg Mkt Bd26.1%
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Performance snapshot

Holdings snapshot

  • USA37.2%
    Brazil26.8%
    Japan24.6%
    Mexico4.6%
    Peru2.4%
  • AA26%
    BB24.1%
    BBB24.1%
    A14.6%
    AAA7.8%
  • US Fixed Interest37.2%
    Brazilian Fixed Interest26.8%
    Japanese Fixed Interest24.6%
    Mexican Fixed Interest4.6%
    Peruvian Fixed Interest2.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%5.6%3%3.8%-10.4%-12.2%
Sector1%4.2%1.8%9.1%4.5%6.9%
Rank within sector122 / 23351 / 23347 / 228196 / 220169 / 18393 / 105
Quartile3rd1st1st4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund6.6%2.2%-9.6%-9.2%-3.8%
Sector5.3%10.2%-7.3%-0.6%-7%
Rank within sector53 / 233213 / 216157 / 202169 / 17131 / 125
Quartile1st4th4th4th1st
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.
-5.21
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.
0.93
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.
-0.01
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%.
7.56
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.
3.24
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.
-1.65
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 high49.8
52 week low46.18
Current bid price-
Current offer price-
Current mid price49.64
Region
1USA37.19%
2Brazil26.76%
3Japan24.56%
4Mexico4.61%
5Peru2.43%
6Argentina2.18%
7Chile1.38%
8Indonesia0.89%
Industry sector
1AA26%
2BB24.08%
3BBB24.08%
4A14.6%
5AAA7.81%
6Money Market2.01%
7B1.42%
Asset type
1US Fixed Interest37.19%
2Brazilian Fixed Interest26.76%
3Japanese Fixed Interest24.56%
4Mexican Fixed Interest4.61%
5Peruvian Fixed Interest2.43%
6American Emerging Fixed Interest2.18%
7Chilean Fixed Interest1.38%
8Indonesian Fixed Interest0.89%
Individual holdings
10.000% LETRA TESOURO NACIONAL 04/01/201717.2%
20.000% TREASURY BILL 03/09/20178.62%
3JAPAN(GOVERNMENT OF) 0% TB 10/03/17 JPY18.09%
40.000% TREASURY BILL 04/27/20177.75%
5JAPAN(GOVERNMENT OF) 0% TB 21/03/17 JPY100000007.7%
60.000% TREASURY BILL 04/13/20177.54%
77.470% PETROLEOS MEXICANOS 11/12/20261.65%
8PERU(REPUBLIC OF) 8.2% BDS 12/08/26 PEN10001.56%
9MEXICO(UNITED MEXICAN STATES) 8.5%% BDS 31/05/29 MXN10001.31%
Management
Fund manager group
ING
Fund manager company
NN Investment Partners (LUX)
Fund type
Offshore Fund
Fund objective
The fund invests in debt instruments (i.e. notes, bonds, certificates, etc) issued and/or denominated in the currencies of low or middle-income developing countries ("emerging markets") in Latin America, Asia, Central Europe, Eastern Europe and Africa. In most cases, the remaining life of these instruments is less than one year. Furthermore, the fund enters in emerging market currency forward contracts (a currency market transaction in which a seller agrees to deliver a specific currency to a buyer at some point in the future). We seek to add value through currency and interest rate positioning. Measured over a period of several years we aim to beat the performance of the benchmark JP Morgan ELMI Plus. The fund is intended for investors capable of assessing the risks linked to this fund. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund aims at providing you with a regular dividend.
Benchmark
  • JPM ELMI Plus
Investment style
Active
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Jaco Rouw02/05/2011
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Hungary, Italy, Republic Of Korea, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
NN (L) Emerging Markets Debt (LC) I Cap USD
Initial charge2%
Annual charge0.72%
Min single investment£250,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price56.95
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIQ75
NN (L) Emerging Markets Debt (LC) I Hedged Cap CHF
Initial charge2%
Annual charge0.72%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5043.81
CurrencyCHF
Price updated05/06/2013
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF3JT
NN (L) Emerging Markets Debt (LC) I Hedged Cap CHF USD
Initial charge2%
Annual charge0.72%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5345.85
CurrencyUSD
Price updated05/06/2013
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF3JU
NN (L) Emerging Markets Debt (LC) I Hedged Cap EUR
Initial charge2%
Annual charge0.72%
Min single investment£250,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price47.62
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI109
NN (L) Emerging Markets Debt (LC) I Hedged Cap EUR USD
Initial charge2%
Annual charge0.72%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price51.8
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI110
NN (L) Emerging Markets Debt (LC) I Hedged Cap PLN
Initial charge2%
Annual charge0.72%
Min single investment£250,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19813.44
CurrencyPLN
Price updated11/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ6G1
NN (L) Emerging Markets Debt (LC) I Hedged Dis(Q) EUR
Initial charge2%
Annual charge0.72%
Min single investment£250,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4045.29
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMFQ1
NN (L) Emerging Markets Debt (LC) I Hedged Dis(Q) EUR USD
Initial charge2%
Annual charge0.72%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4399.86
CurrencyUSD
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMGA8
NN (L) Emerging Markets Debt (LC) I Hedged PLN USD
Initial charge2%
Annual charge0.72%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4748.98
CurrencyUSD
Price updated11/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ6G0
NN (L) Emerging Markets Debt (LC) N Cap USD
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price54.83
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFE5I
NN (L) Emerging Markets Debt (LC) N Dis USD
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price35.88
CurrencyUSD
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFE4Y
NN (L) Emerging Markets Debt (LC) N Hedged Cap EUR
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price44.68
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFE8Q
NN (L) Emerging Markets Debt (LC) N Hedged Cap EUR USD
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price48.6
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFE8R
NN (L) Emerging Markets Debt (LC) P Cap USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price53.9
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIE08
NN (L) Emerging Markets Debt (LC) P Dis USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price35.87
CurrencyUSD
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIQ76
NN (L) Emerging Markets Debt (LC) P Hedged Cap EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.32%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price43.88
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeV350
NN (L) Emerging Markets Debt (LC) P Hedged Cap EUR USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.32%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price47.72
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeV349
NN (L) Emerging Markets Debt (LC) P Hedged Cap SGD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.34%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.88
CurrencySGD
Price updated18/05/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF5NA
NN (L) Emerging Markets Debt (LC) P Hedged Cap SGD USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.34%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price6.7
CurrencyUSD
Price updated18/05/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCYV
NN (L) Emerging Markets Debt (LC) X Cap USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price49.64
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIE09
NN (L) Emerging Markets Debt (LC) X Dis(M) USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price81.27
CurrencyUSD
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0SP0
NN (L) Emerging Markets Debt (LC) X Hedged Cap EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price234.87
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMFQ0
NN (L) Emerging Markets Debt (LC) X Hedged Cap EUR USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price255.46
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMGA7
NN (L) Emerging Markets Debt (LC) Z Cap USD
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£5,000,000
Available in ISANo
Ongoing charge (OCF)0.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4946.8
CurrencyUSD
Price updated09/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNLU0
NN (L) Emerging Markets Debt (LC) Z Dis(Q) EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.09%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5261.22
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFIQP
NN (L) Emerging Markets Debt (LC) Z Dis(Q) EUR USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.09%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5722.36
CurrencyUSD
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFIQQ
NN (L) Emerging Markets Debt (LC) Z Hedged Cap EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.18%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5315.11
CurrencyEUR
Price updated01/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE6CT
NN (L) Emerging Markets Debt (LC) Z Hedged Dis EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.11%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4604.82
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFJEH
NN (L) Emerging Markets Debt (LC) Z Hedged Dis EUR USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.11%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5008.44
CurrencyUSD
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFJEI
NN (L) Emerging Markets Debt (LC) ZZ Hedged iv Cap EUR
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 price5238.62
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC53Y
Data provided by

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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.