Fact sheet: NN (L) EMtD LclCr

Fund information
Fund name
NN (L) Emerging Market Debt (Local Bond) X Cap USD
Fund manager company
NN Investment Partners (LUX)
Fund type
Offshore Fund
Fund managers
  • Jaco Rouwsince 01/12/2012
Fund objective
The fund invests in longer duration debt instruments (i.e. notes, bonds, certificates, etc) issued and/or denominated in the currencies of developing countries ("emerging markets") in Latin America, Asia, Central Europe, Eastern Europe and Africa. The fund also 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 interest rate and currency positioning. Measured over a period of several years we aim to beat the performance of the benchmark JP Morgan GBI-EM Global Diversified. 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 GBI EM Global Diversified Index
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
15.1%
1 Year rank in sector
57/200
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.
1.84%
Fund size
£136m (£66m 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.
91
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$50.3%
Pictet Lat Am Lcl Cur Dt39.8%
Old Mutual Em Mt Dt36.5%
SEI Emg Mkts Dt36.3%
Schroder ISF EmgMktBd35.6%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Brazil11%
    Turkey10.2%
    Others9.7%
    Mexico9.6%
    Poland9.5%
  • BBB51.1%
    A26.7%
    BB16.9%
    Money Market3.9%
    Non-Rated1.5%
  • Brazilian Fixed Interest11%
    Middle East & African Fixed Interest10.2%
    Global Fixed Interest9.7%
    Mexican Fixed Interest9.6%
    Polish Fixed Interest9.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%5.6%7.6%15.1%-12.9%-9.6%
Sector0.2%4.8%8.3%12.8%3.6%13.6%
Rank within sector177 / 21389 / 210137 / 20757 / 200148 / 16286 / 96
Quartile4th2nd3rd2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund15.6%-17.1%-7%-11.8%16.1%
Sector13%-7.3%-0.6%-7%14.7%
Rank within sector55 / 205178 / 194151 / 170114 / 12554 / 101
Quartile2nd4th4th4th3rd
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.
-6.55
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.
1.61
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%.
12.63
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.
5.85
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.
-0.97
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.
0.91
Price movement
52 week high209.41
52 week low170.52
Current bid price-
Current offer price-
Current mid price207.67
Region
1Brazil10.97%
2Turkey10.22%
3Others9.7%
4Mexico9.57%
5Poland9.46%
6Indonesia9.36%
7Colombia9.32%
8South Africa9.07%
9Malaysia7.33%
Industry sector
1BBB51.07%
2A26.67%
3BB16.91%
4Money Market3.87%
5Non-Rated1.48%
Asset type
1Brazilian Fixed Interest10.97%
2Middle East & African Fixed Interest10.22%
3Global Fixed Interest9.7%
4Mexican Fixed Interest9.57%
5Polish Fixed Interest9.46%
6Indonesian Fixed Interest9.36%
7American Emerging Fixed Interest9.32%
8South African Fixed Interest9.07%
9Malaysian Fixed Interest7.33%
Individual holdings
111.000% TITULOS DE TESORERIA B 07/24/20204.87%
210.000% NOTA DO TESOURO NACIONAL 01/01/20253.79%
38.375% INDONESIA GOVERNMENT 03/15/20243.13%
4TURKEY(REPUBLIC OF) 8.5% BDS 14/09/22 TRL1003.12%
5NOTA DO TESOURO NACIONAL 10% 01/01/20192.57%
6NOTA DO TES 10% 01/01/2023 2.56%
73.795% MALAYSIA GOVERNMENT 09/30/20222.42%
8HUNGARY 6.5% BDS 24/06/19 HUF100002.28%
96.000% TITULOS DE TESORERIA B 04/28/20282.27%
Management
Fund manager group
ING
Fund manager company
NN Investment Partners (LUX)
Fund type
Offshore Fund
Fund objective
The fund invests in longer duration debt instruments (i.e. notes, bonds, certificates, etc) issued and/or denominated in the currencies of developing countries ("emerging markets") in Latin America, Asia, Central Europe, Eastern Europe and Africa. The fund also 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 interest rate and currency positioning. Measured over a period of several years we aim to beat the performance of the benchmark JP Morgan GBI-EM Global Diversified. 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 GBI EM Global Diversified Index
Investment style
Active
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jaco Rouw01/12/2012
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, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Italy, Republic Of Korea, Luxembourg, Netherlands, Norway, Offshore, Portugal, Sweden
NN (L) Emerging Market Debt (Local Bond) 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)-
Bid price-
Offer price-
Mid price5365
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI9W4
NN (L) Emerging Market Debt (Local Bond) I Dis EUR
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)-
Bid price-
Offer price-
Mid price4657.3
CurrencyEUR
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIOK5
NN (L) Emerging Market Debt (Local Bond) I Dis EUR USD
Initial charge2%
Annual charge0.72%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5214.78
CurrencyUSD
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNOJ5
NN (L) Emerging Market Debt (Local Bond) 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)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price6027.28
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI9W5
NN (L) Emerging Market Debt (Local Bond) I Hedged Cap EUR USD
Initial charge2%
Annual charge0.72%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price6748.75
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNOJ6
NN (L) Emerging Market Debt (Local Bond) I Hedged Cap PLN
Initial charge2%
Annual charge0.72%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19702.89
CurrencyPLN
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCJK
NN (L) Emerging Market Debt (Local Bond) I Hedged Cap PLN 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)-
Bid price-
Offer price-
Mid price5157.08
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0QX0
NN (L) Emerging Market Debt (Local Bond) I Hedged Dis PLN
Initial charge2%
Annual charge0.72%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15962.53
CurrencyPLN
Price updated23/06/2015
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF98R
NN (L) Emerging Market Debt (Local Bond) I Hedged Dis PLN USD
Initial charge2%
Annual charge0.72%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4288.35
CurrencyUSD
Price updated23/06/2015
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF98Q
NN (L) Emerging Market Debt (Local Bond) N Hedged Cap EUR
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price264.1
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFE8U
NN (L) Emerging Market Debt (Local Bond) N Hedged Cap EUR USD
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price295.71
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFE8V
NN (L) Emerging Market Debt (Local Bond) P Cap 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 price266.8
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeICJ1
NN (L) Emerging Market Debt (Local Bond) P Dis USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.36%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price774.96
CurrencyUSD
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK8A5
NN (L) Emerging Market Debt (Local Bond) P Hedged Cap EUR
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 price259.97
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeICJ2
NN (L) Emerging Market Debt (Local Bond) P Hedged USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.84%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price328.46
CurrencyUSD
Price updated25/05/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeICJ3
NN (L) Emerging Market Debt (Local Bond) X Cap USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.84%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price207.67
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDS9
NN (L) Emerging Market Debt (Local Bond) Z Cap USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4420.76
CurrencyUSD
Price updated08/06/2015
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNOG3
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