Fact sheet: PineBridge GblEmMkLc CurBd

Fund information
Fund name
PineBridge Global Emerging Markets Local Currency Bond Y USD
Fund manager company
PineBridge Investments Ltd IRL
Fund type
Unit Trust
Fund managers
  • Anders Faergemannsince 29/06/2007
Fund objective
The Fund seeks to achieve income and capital appreciation by investing at least two-thirds of its total net assets in local currency fixed instruments issued by sovereign or quasi-sovereign or corporate entities in regions including Latin America, Emerging Europe, Asia, Middle East, Africa and Russia.
Benchmark
  • JPM GBI EM Global Diversified
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
15.8%
1 Year rank in sector
-
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.
1.42%
Fund size
£63m (£38m 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.
98
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$63.3%
Ashmore EMHghYldCrDb41.6%
Gramercy Allct Emg Mket Debt35.8%
EDRF Emerging Bonds33.4%
EDRF EmCorpBds30.9%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Others16.1%
    Brazil13.8%
    Indonesia11%
    South Africa9.2%
    Russia8.1%
  • BBB41.5%
    A23.1%
    BB20.3%
    Non-Rated8.3%
    AAA4.1%
  • Global Fixed Interest16.1%
    Brazilian Fixed Interest13.8%
    Indonesian Fixed Interest11%
    South African Fixed Interest9.2%
    Russian Fixed Interest8.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.3%7.6%-0.9%15.8%-4.8%-6.9%
Sector2%4.3%0.1%13.4%5%4.7%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund5.1%12.1%-14.2%-7.5%-7.2%
Sector2.9%10.2%-7.3%-0.6%-7%
Rank within sector-----
Quartile
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.
-3.4
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.
1.43
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%.
11.07
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.
4.61
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.
-0.63
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 high121.63
52 week low102.33
Current bid price-
Current offer price-
Current mid price119.7
Region
1Others16.1%
2Brazil13.8%
3Indonesia11%
4South Africa9.2%
5Russia8.1%
6Colombia7.3%
7Turkey7.3%
8Poland6.9%
9Mexico6.6%
Industry sector
1BBB41.5%
2A23.1%
3BB20.3%
4Non-Rated8.3%
5AAA4.1%
6AA1.6%
7B1.1%
Asset type
1Global Fixed Interest16.1%
2Brazilian Fixed Interest13.8%
3Indonesian Fixed Interest11%
4South African Fixed Interest9.2%
5Russian Fixed Interest8.1%
6American Emerging Fixed Interest7.3%
7Middle East & African Fixed Interest7.3%
8Polish Fixed Interest6.9%
9Mexican Fixed Interest6.6%
Individual holdings
19.762% BRAZIL NOTAS DO TESOURO NAC 01/JAN/20234.3%
29.762% BRAZIL NOTAS DO TESOURO NAC 01/JAN/20213.9%
39.762% BRAZIL NOTAS DO TESOURO NAC 01/JAN/20253.8%
4RURAL ELECTRIFICATION CORP LTD 8.37% NTS 14/08/20 INR1000003.5%
5COLOMBIA(REPUBLIC OF) 7.5% BDS 26/08/26 COP10002.9%
6SOUTH AFRICA(REPUBLIC OF) 10.5% BDS 21/12/2026 ZAR1(186)2.9%
7MALAYSIA 4.181% BDS 15/07/24 MYR10002.8%
87.5% FEDERAL LOAN BOND 27/FEB/20192.3%
910.7% TURKEY (REPUBLIC OF) 17/FEB/20212.2%
Management
Fund manager group
PineBridge Investments
Fund manager company
PineBridge Investments Ltd IRL
Fund type
Unit Trust
Fund objective
The Fund seeks to achieve income and capital appreciation by investing at least two-thirds of its total net assets in local currency fixed instruments issued by sovereign or quasi-sovereign or corporate entities in regions including Latin America, Emerging Europe, Asia, Middle East, Africa and Russia.
Benchmark
  • JPM GBI EM Global Diversified
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Anders Faergemann29/06/2007He has done BA economics in the University of Copenhagen & MA economics in the University of Exeter. He was previously with AIG affiliates, principally as emerging market currency analyst. He has also held roles at the European Commission and at Denmark's Permanent Representation to the European Union.
Compliance
Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Germany, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Republic Of Korea, Macau, Netherlands, Offshore, Singapore, Sweden, Taiwan - Province Of China
PineBridge Global Emerging Markets Local Currency Bond A USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)2.42%
Total expense ratio (TER)2.14%
Bid price-
Offer price-
Mid price12.6422
CurrencyUSD
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHSF7
PineBridge Global Emerging Markets Local Currency Bond A6HD AUD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)2.49%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price7.6054
CurrencyAUD
Price updated22/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJ7VW
PineBridge Global Emerging Markets Local Currency Bond A9HD Hedged
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.49%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price112.5351
CurrencyZAR
Price updated22/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMBOS
PineBridge Global Emerging Markets Local Currency Bond AD USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)2.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price7.4689
CurrencyUSD
Price updated22/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKHR5
PineBridge Global Emerging Markets Local Currency Bond JD USD
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.64%
Bid price-
Offer price-
Mid price49.2693
CurrencyUSD
Price updated22/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBSD3
PineBridge Global Emerging Markets Local Currency Bond Y USD
Initial charge-
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price119.6983
CurrencyUSD
Price updated22/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeZ753
PineBridge Global Emerging Markets Local Currency Bond Z USD
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 price102.1352
CurrencyUSD
Price updated22/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNCBV
Data provided by

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