Fact sheet: Threadneedle EmgMktLcl

Fund information
Fund name
Threadneedle Emerging Market Local Z Inc GBP
Fund manager company
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund managers
  • Henry Stippsince 01/02/2014
Fund objective
The aim of the Fund is to provide income with the potential to grow the amount you invested. At least two-thirds of the Fund's assets will be in long and short positions in currencies of emerging markets and bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies and/or governments in emerging markets or companies that have significant operations in emerging markets. The Fund invests directly in these assets or by using derivatives. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets. Derivatives will be used to obtain, increase or reduce exposure to underlying assets and may create gearing. Where gearing is created, the net asset value of the Fund may experience more fluctuation than if there were no gearing. The Fund will also use derivatives for short selling (which is designed to make a profit from falling prices). At times the portfolio may be concentrated in any one or a combination of such assets. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • JPM GBI EM Global Diversified Composite Idx
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
25.3%
1 Year rank in sector
6/11
Sector
UT Global Emerging Market Bond
Yield
7.4%
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.
0.88%
Fund size
£80m (£22m 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.
107
Mid price
77.67
Top in this sector
Fund name1 Year
Threadneedle EmgMkt Bd28.6%
M&G Emerging Mkts Bd28.3%
Stan Life Inv EmMktDt27.3%
L&G Em Gov Bd (US$) Index26.3%
Investec EmgMktsBdDbt26.1%
...more in UT Global Emerging Market Bond

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6.8%-1.8%12.7%25.3%7.3%-0.9%
Sector-5.9%-2.2%10.4%21.1%21.2%23.2%
Rank within sector8 / 126 / 126 / 126 / 119 / 107 / 7
Quartile3rd2nd2nd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund25.6%-12.2%-2.1%-13.9%7.3%
Sector21.4%-4.2%4.3%-9.6%11.9%
Rank within sector7 / 1110 / 119 / 109 / 106 / 7
Quartile3rd4th4th4th4th
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.
-5.33
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.
1.34
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%.
14.83
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.
4.77
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.
-0.78
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.
0.96
Price movement
52 week high88.41
52 week low63.15
Current bid price-
Current offer price-
Current mid price77.67
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
1COLOMBIA(REPUBLIC OF) 9.85% BDS 28/06/27 COP50006.8%
2BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL10005.1%
3BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/25 BRL10004.2%
4PERU(REPUBLIC OF) 6.95% BDS 12/08/31 PEN10004%
5COLOMBIA(REPUBLIC OF) 4.375% GBL BDS 21/03/23 COP50000003.3%
6RUSSIAN FEDERATION MINISTRY FINANCE 7.05% BDS 19/01/28 RUB10003%
7INDONESIA(REPUBLIC OF) 8.375% BDS 15/09/26 IDR10002.9%
8TURKEY(REPUBLIC OF) 9.4% BDS 08/07/20 TRY10002.8%
9SOUTH AFRICA(REPUBLIC OF) 10.5% BDS 21/12/2026 ZAR1(186)2.7%
Management
Fund manager group
Threadneedle
Fund manager company
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund objective
The aim of the Fund is to provide income with the potential to grow the amount you invested. At least two-thirds of the Fund's assets will be in long and short positions in currencies of emerging markets and bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies and/or governments in emerging markets or companies that have significant operations in emerging markets. The Fund invests directly in these assets or by using derivatives. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets. Derivatives will be used to obtain, increase or reduce exposure to underlying assets and may create gearing. Where gearing is created, the net asset value of the Fund may experience more fluctuation than if there were no gearing. The Fund will also use derivatives for short selling (which is designed to make a profit from falling prices). At times the portfolio may be concentrated in any one or a combination of such assets. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • JPM GBI EM Global Diversified Composite Idx
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Henry Stipp01/02/2014Henry Stipp is the Head of Emerging Markets Fixed Income, joining Threadneedle in 2001. Henry is the leading Portfolio Manager for a diverse range of Absolute return, Local and Hard Currency fixed income portfolios. He started his career in Brazil in 1991 with CSFB – Garantia at the Open-Market Trading Desk and has also worked for Modal Bank¹ initially as a chief economist and then as Head of Research. Henry also worked as a professor of macroeconomics at the Catholic University of Rio de Janeiro. Henry holds a BSc in economics (Catholic University of Rio de Janeiro), a MSc (distinction) in macroeconomic policy in emerging markets (DPPC-UK) and a PhD in economics (University of London).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Singapore, Sweden
Threadneedle Emerging Market Local Inst Gr Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£750,000
Min regular saving£40,000
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price1.8835
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAYJ0
Threadneedle Emerging Market Local Inst Gr Acc USD
Initial charge-
Annual charge0.75%
Min single investment£800,000
Min regular saving£40,000
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price2.0312
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAYI9
Threadneedle Emerging Market Local Inst Gr GBP
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price160.2
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAYI8
Threadneedle Emerging Market Local Ret GBP
Initial charge3.75%
Annual charge1.5%
Min single investment£2,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.79%
Total expense ratio (TER)1.71%
Bid price-
Offer price-
Mid price87.49
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAYI5
Threadneedle Emerging Market Local Ret Gr Acc EUR
Initial charge3.75%
Annual charge1.5%
Min single investment£2,500
Min regular saving£750
Available in ISAYes
Ongoing charge (OCF)1.78%
Total expense ratio (TER)1.71%
Bid price-
Offer price-
Mid price1.6336
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCBW3
Threadneedle Emerging Market Local Ret Gr Acc USD
Initial charge3.75%
Annual charge1.5%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.78%
Total expense ratio (TER)1.72%
Bid price-
Offer price-
Mid price1.7617
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIFI9
Threadneedle Emerging Market Local Ret Gr GBP
Initial charge3.75%
Annual charge1.5%
Min single investment£2,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.78%
Total expense ratio (TER)1.72%
Bid price-
Offer price-
Mid price138.94
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCYV4
Threadneedle Emerging Market Local Ret Inc EUR
Initial charge3.75%
Annual charge1.5%
Min single investment£2,500
Min regular saving£750
Available in ISAYes
Ongoing charge (OCF)1.79%
Total expense ratio (TER)1.71%
Bid price-
Offer price-
Mid price1.0286
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAYI7
Threadneedle Emerging Market Local Ret Inc USD
Initial charge3.75%
Annual charge1.5%
Min single investment£3,000
Min regular saving£750
Available in ISAYes
Ongoing charge (OCF)1.79%
Total expense ratio (TER)1.72%
Bid price-
Offer price-
Mid price1.1093
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAYI6
Threadneedle Emerging Market Local X Gr Acc EUR
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2.2968
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAYJ3
Threadneedle Emerging Market Local X Gr Acc GBP
Initial charge-
Annual charge-
Min single investment£3,000,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price189.6
CurrencyGBX
Price updated11/06/2013
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAYJ1
Threadneedle Emerging Market Local X Gr Acc USD
Initial charge3%
Annual charge-
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2.477
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAYJ2
Threadneedle Emerging Market Local X Gr Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.9233
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKLWN
Threadneedle Emerging Market Local Z Gr Acc GBP
Initial charge3%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.88%
Total expense ratio (TER)0.96%
Bid price-
Offer price-
Mid price100.7
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG7DK
Threadneedle Emerging Market Local Z Inc GBP
Initial charge3%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)0.96%
Bid price-
Offer price-
Mid price77.67
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG7DL
Data provided by

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