Fact sheet: NN (L) EMD LclCcy

Fund information

Fund name
NN (L) Emerging Markets Debt (LC) X Cap USD
Fund company manager
NN Investment Partners (LUX)
Fund type
SIB
Fund manager
Jaco Rouw
since 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

5.69 %

1 Year rank in sector

115/235

Sector

FO Fixed Int - Emerging Markets

Yield
-
Fund size

£ 383.9 m

FE Risk score

82

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Brazil
    34.49%
  • Money Market
    20.73%
  • Japan
    19.42%
  • USA
    14.11%
  • Indonesia
    2.48%
  • BBB
    31.96%
  • AA
    29.04%
  • BB
    21.95%
  • A
    10.43%
  • AAA
    7.67%
  • Brazilian Fixed Interest
    34.49%
  • Money Market
    20.73%
  • Japanese Fixed Interest
    19.42%
  • US Fixed Interest
    14.11%
  • Indonesian Fixed Interest
    2.48%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.94 %8.07 %5.61 %-9.76 %-7.85 %
Sector0.23 %5.75 %5.92 %2.1 %6.88 %
Rank within sector41 / 24954 / 242115 / 235174 / 19499 / 117
Quartile th1 st1 st2 nd4 th4 th

Calendar performance

YTD-20172016201520142013
Fund8.77 %2.19 %-9.58 %-9.19 %-3.83 %
Sector6.69 %10.22 %-7.28 %-0.56 %-7.02 %
Rank within sector61 / 242225 / 227165 / 209170 / 17334 / 130
Quartile th2 nd4 th4 th4 th2 nd

Risk statistics

Alpha-4.32
Beta0.95
Sharpe-0.01
Volatility7.58
Tracking error3.23
Information ratio-1.35
R-Squared0.82

Price movement

52 week high50.89
52 week low46.18
Current bid price0
Current offer price0
Current mid price50.94

Holdings by region

  • 34.49% Brazil
  • 20.73% Money Market
  • 19.42% Japan
  • 14.11% USA
  • 2.48% Indonesia
  • 2.22% South Africa
  • 1.8% Mexico
  • 1.36% Malaysia
  • 1.35% Argentina
  • 1.12% Poland

Holdings by sector

  • 31.96% BBB
  • 29.04% AA
  • 21.95% BB
  • 10.43% A
  • 7.67% AAA
  • 0.46% B
  • -1.51% Money Market

Holdings by asset type

  • 34.49% Brazilian Fixed Interest
  • 20.73% Money Market
  • 19.42% Japanese Fixed Interest
  • 14.11% US Fixed Interest
  • 2.48% Indonesian Fixed Interest
  • 2.22% South African Fixed Interest
  • 1.8% Mexican Fixed Interest
  • 1.36% Malaysian Fixed Interest
  • 1.35% American Emerging Fixed Interest
  • 1.12% Polish Fixed Interest

Individual holdings

  • 15.79% BRAZIL(FEDERATIVE REPUBLIC OF) 0% BDS 01/07/17 BRL1000
  • 15.03% 0.000% LETRA TESOURO NACIONAL 10/01/2017
  • 10.34% 0.000% JAPAN TREASURY DISC BILL 09/11/2017
  • 9.41% 0.000% TREASURY BILL 07/27/2017
  • 9.08% 0.000% JAPAN TREASURY DISC BILL 09/20/2017
  • 4.71% 0.000% TREASURY BILL 07/06/2017
  • 3.67% 10.000% NOTA DO TESOURO NACIONAL 01/01/2027
  • 2.22% SOUTH AFRICA(REPUBLIC OF) 8.75% BDS 28/02/48 ZAR1000000
  • 1.74% 7.470% PETROLEOS MEXICANOS 11/12/2026
  • 1.36% MALAYSIA 3.26% BDS 01/03/18 MYR1000