Fact sheet: Principal GIF FinstEMDb

Fund information
Fund name
Principal GIF Finisterre EM Debt I Acc USD
Fund manager company
Principal Global Investors (Ir
Fund type
Unit Trust
Fund managers
  • Kevin Bespolkasince 04/10/2013
  • Paul Creansince 04/10/2013
  • Christopher Watsonsince 04/10/2013
Fund objective
The investment objective of the Fund is to generate medium to long term positive total returns from a combination of current income and capital appreciation by investing in global emerging market securities. The Fund invests primarily in sovereign and corporate credits, local fixed income instruments, currencies and other debt securities. The Fund will take long and short positions and use financial derivative instruments.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
4.7%
1 Year rank in sector
196/201
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.
1.6%
Fund size
£284m (£568m 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.
26
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$56.8%
Pictet Lat Am Lcl Cur Dt44%
Old Mutual Em Mt Dt38.4%
SEI Emg Mkts Dt37.7%
Aviva Investors Emg Mkts Bd37.7%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Money Market24%
    Hungary21.8%
    USA13.3%
    Israel12.7%
    Slovenia9.4%
  • BB+28.8%
    Non-Rated18.2%
    A9.4%
    BB7%
    A-5.1%
  • Money Market24.1%
    Hungarian Government Fixed Interest21.8%
    Middle East & African Government Fixed Interest13.1%
    Slovenian Government Fixed Interest9.4%
    European Government Fixed Interest8.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%1.1%2.8%4.7%--
Sector0.4%4%8.6%13.7%3.8%14.1%
Rank within sector126 / 213201 / 210203 / 207196 / 201--
Quartile3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund4.7%-3.8%7.3%--
Sector13.2%-7.3%-0.6%-7%14.7%
Rank within sector200 / 20597 / 19416 / 170--
Quartile4th2nd1st
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high11.01
52 week low10.23
Current bid price-
Current offer price-
Current mid price10.96
Region
1Money Market24.02%
2Hungary21.78%
3USA13.27%
4Israel12.73%
5Slovenia9.4%
6Croatia5.38%
7Singapore4.61%
8Poland3.69%
9Cyprus2.85%
Industry sector
1BB+28.79%
2Non-Rated18.25%
3A9.4%
4BB7.04%
5A-5.09%
6BB-2.85%
7B+0.62%
8BBB+0.05%
Asset type
1Money Market24.14%
2Hungarian Government Fixed Interest21.78%
3Middle East & African Government Fixed Interest13.13%
4Slovenian Government Fixed Interest9.4%
5European Government Fixed Interest8.24%
6Singapore Government Fixed Interest4.04%
7Polish Government Fixed Interest3.55%
8Foreign Exchange3.37%
9European Emerging Government Fixed Interest2.68%
Individual holdings
1HUNGARY 6.5% BDS 24/06/19 HUF1000014.71%
2ISRAEL(STATE OF) 1.75% NTS 31/08/25 ILS100013.13%
3SLOVENIA(REP OF) 1.5% BDS 25/03/35 EUR10007.31%
4HUNGARY 3.5% NTS 24/06/20 HUF100006.85%
5CROATIA(REPUBLIC OF) 6.75% BDS 05/11/19 USD1000005.38%
6SINGAPORE(GOVT OF) 2.125% BDS 01/06/26 SGD10004.04%
7POLAND(STATE TREASURY OF) 2.5% BDS 25/07/26 PLN10003.55%
8CYPRUS(REPUBLIC OF) 3.75% NTS 26/07/23 EUR10002.85%
9BULGARIA(NATIONAL REPUBLIC OF) 3.125% BDS 26/03/35 EUR12.67%
Management
Fund manager group
Principal Global Investors
Fund manager company
Principal Global Investors (Ir
Fund type
Unit Trust
Fund objective
The investment objective of the Fund is to generate medium to long term positive total returns from a combination of current income and capital appreciation by investing in global emerging market securities. The Fund invests primarily in sovereign and corporate credits, local fixed income instruments, currencies and other debt securities. The Fund will take long and short positions and use financial derivative instruments.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Kevin Bespolka04/10/2013
Paul Crean04/10/2013Paul is CIO and co-Founder of Finisterre Capital, an Emerging Market Debt specialist that was established in 2002. He has 35 years of experience in a wide spectrum of the Financial Markets. Before founding Finisterre, Paul was Global Head of Hard Currency Emerging Market Trading at West LB from 1998 to 2002, managing a team in London, New York and Singapore. From 1993 to 1997 he was Executive Director and Head of Emerging Market Sales at Union Bank of Switzerland, London. He helped to establish the new Emerging Market debt business and was instrumental in building market share for the Bank. From 1986 to 1993 he was with Banque Paribas where he was involved in establishing a financial futures capability and then running the G7 Fixed Income and Foreign Exchange Proprietary Trading desk from 1988 to 1991. In 1991, Paul helped to start the Emerging Market Debt Group at Banque Paribas, London where he was responsible for global distribution of the product. His first introduction to the financial markets was in 1980 with CAL Futures where he dealt in a range of commodity futures as well as Precious Metals, Currencies and Financial and Stock Index futures. Paul holds a BA (Hons) in Economic and Social History from the University of York (1980).
Christopher Watson04/10/2013
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Guernsey, Ireland, Italy, Jersey, Luxembourg, Netherlands, Offshore, Singapore, Sweden
Principal GIF Finisterre EM Debt A Acc USD
Initial charge5%
Annual charge2%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price9.8649
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6RP
Principal GIF Finisterre EM Debt A Hedged Acc CHF
Initial charge5%
Annual charge2%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.19%
Bid price-
Offer price-
Mid price9.259
CurrencyCHF
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6RU
Principal GIF Finisterre EM Debt A Hedged Acc EUR
Initial charge5%
Annual charge2%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.19%
Bid price-
Offer price-
Mid price8.9192
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6RQ
Principal GIF Finisterre EM Debt A Hedged Acc GBP
Initial charge5%
Annual charge2%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.26%
Total expense ratio (TER)2.19%
Bid price-
Offer price-
Mid price6.6416
CurrencyGBP
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6RS
Principal GIF Finisterre EM Debt A Hedged Acc JPY
Initial charge5%
Annual charge2%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyJPY
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6RW
Principal GIF Finisterre EM Debt A Hedged Acc SGD
Initial charge5%
Annual charge2%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price13.5918
CurrencySGD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6RY
Principal GIF Finisterre EM Debt A Hedged Inc CHF
Initial charge5%
Annual charge2%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6RV
Principal GIF Finisterre EM Debt A Hedged Inc EUR
Initial charge5%
Annual charge2%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6RR
Principal GIF Finisterre EM Debt A Hedged Inc GBP
Initial charge5%
Annual charge2%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6RT
Principal GIF Finisterre EM Debt A Hedged Inc JPY
Initial charge5%
Annual charge2%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyJPY
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6RX
Principal GIF Finisterre EM Debt A Hedged Inc SGD
Initial charge5%
Annual charge2%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencySGD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6RZ
Principal GIF Finisterre EM Debt A Inc USD
Initial charge5%
Annual charge2%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.26%
Total expense ratio (TER)2.56%
Bid price-
Offer price-
Mid price9.7703
CurrencyUSD
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6RO
Principal GIF Finisterre EM Debt I Acc USD
Initial charge-
Annual charge1.5%
Min single investment£2,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.55%
Bid price-
Offer price-
Mid price10.9554
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBMTY
Principal GIF Finisterre EM Debt I Hedged Acc CHF
Initial charge-
Annual charge1.5%
Min single investment£2,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6SD
Principal GIF Finisterre EM Debt I Hedged Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£2,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price6.7055
CurrencyGBP
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6SB
Principal GIF Finisterre EM Debt I Hedged Acc JPY
Initial charge-
Annual charge1.5%
Min single investment£2,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyJPY
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6SF
Principal GIF Finisterre EM Debt I Hedged Acc SGD
Initial charge-
Annual charge1.5%
Min single investment£2,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencySGD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6SI
Principal GIF Finisterre EM Debt I Hedged Inc CHF
Initial charge-
Annual charge1.5%
Min single investment£2,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)2.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM6SE
Principal GIF Finisterre EM Debt I Hedged Inc EUR
Initial charge-
Annual charge1.5%
Min single investment£2,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)2.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM6SH
Principal GIF Finisterre EM Debt I Hedged Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£2,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)2.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM6SC
Principal GIF Finisterre EM Debt I Hedged Inc JPY
Initial charge-
Annual charge1.5%
Min single investment£2,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)2.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyJPY
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM6SG
Principal GIF Finisterre EM Debt I Hedged Inc SGD
Initial charge-
Annual charge1.5%
Min single investment£2,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)2.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencySGD
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM6SJ
Principal GIF Finisterre EM Debt I Inc USD
Initial charge-
Annual charge1.5%
Min single investment£2,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM6SA
Principal GIF Finisterre EM Debt I2 Hedged Inc EUR
Initial charge-
Annual charge1%
Min single investment£200,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price7.4007
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKVMS
Principal GIF Finisterre EM Debt N Acc CHF
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNF6Y
Principal GIF Finisterre EM Debt N Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£1,000
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 codeNF6Q
Principal GIF Finisterre EM Debt N Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNF6W
Principal GIF Finisterre EM Debt N Acc SGD
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencySGD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNF6U
Principal GIF Finisterre EM Debt N Acc USD
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNF6S
Principal GIF Finisterre EM Debt N Inc CHF
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNF6Z
Principal GIF Finisterre EM Debt N Inc EUR
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNF6R
Principal GIF Finisterre EM Debt N Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNF6X
Principal GIF Finisterre EM Debt N Inc SGD
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencySGD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNF6V
Principal GIF Finisterre EM Debt N Inc USD
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNF6T
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.