Fact sheet: NN (L) EMtD LclCr

Fund information

Fund name
NN (L) Emerging Market Debt (Local Bond) X Cap USD
Fund company manager
NN Investment Partners (LUX)
Fund type
SIB
Fund manager(s)
Jaco Rouw
since 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
Investment style
Active
Investment method
Fixed Interest

Quick stats

1 Year return

16.03 %

1 Year rank in sector

26/241

Sector

FO Fixed Int - Emerging Markets

Yield
-
Fund size

£ 280.6 m

FE Risk score

104

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Indonesia
    10.9%
  • Turkey
    10.65%
  • Mexico
    9.9%
  • South Africa
    9.76%
  • Brazil
    8.36%
  • BBB
    36.98%
  • A
    29.41%
  • BB
    22.27%
  • Money Market
    6.55%
  • B
    2.11%
  • Indonesian Fixed Interest
    10.9%
  • Middle East & African Fixed Interest
    10.65%
  • Mexican Fixed Interest
    9.9%
  • South African Fixed Interest
    9.76%
  • Brazilian Fixed Interest
    8.36%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund4.87 %4.96 %16.03 %3.78 %-14.74 %
Sector1.34 %3.24 %8.46 %11.99 %2.81 %
Rank within sector17 / 25869 / 25126 / 241184 / 208126 / 130
Quartile th1 st2 nd1 st4 th4 th

Calendar performance

YTD-20182017201620152014
Fund2.53 %14 %8.14 %-17.09 %-6.98 %
Sector0.93 %8.47 %10.22 %-7.28 %-0.56 %
Rank within sector33 / 25734 / 241151 / 226198 / 206155 / 167
Quartile th1 st1 st3 rd4 th4 th

Risk statistics

Alpha-4.6
Beta1.67
Sharpe-0
Volatility11.69
Tracking error5.98
Information ratio-0.45
R-Squared0.88

Price movement

52 week high225.24
52 week low193.11
Current bid price0
Current offer price0
Current mid price226.42

Holdings by region

  • 10.9% Indonesia
  • 10.65% Turkey
  • 9.9% Mexico
  • 9.76% South Africa
  • 8.36% Brazil
  • 8.03% Malaysia
  • 7.46% Poland
  • 6.11% Russia
  • 5.35% Thailand
  • 4.65% Colombia

Holdings by sector

  • 36.98% BBB
  • 29.41% A
  • 22.27% BB
  • 6.55% Money Market
  • 2.11% B
  • 1.7% Non-Rated
  • 0.98% AA

Holdings by asset type

  • 10.9% Indonesian Fixed Interest
  • 10.65% Middle East & African Fixed Interest
  • 9.9% Mexican Fixed Interest
  • 9.76% South African Fixed Interest
  • 8.36% Brazilian Fixed Interest
  • 8.03% Malaysian Fixed Interest
  • 7.46% Polish Fixed Interest
  • 6.75% American Emerging Fixed Interest
  • 6.11% Russian Fixed Interest
  • 5.35% Thai Fixed Interest

Individual holdings

  • 4% TURKEY(REPUBLIC OF) 10.5% BDS 11/08/27 TRY1000
  • 3.33% 10.000% NOTA DO TESOURO NACIONAL 01/01/2027
  • 3.02% SOUTH AFRICA(REPUBLIC OF) 8.75% BDS 28/02/48 ZAR1000000
  • 2.37% MEXICO(UNITED MEXICAN STATES) 8% BDS 11/06/20 MXN100
  • 2.13% 0.000% EGYPT TREASURY BILL 07/24/2018
  • 2.11% ARGENTINA(REPUBLIC OF) 2.5% BDS 22/07/21 ARS1
  • 2.07% RUSSIAN FEDERATION MINISTRY FINANCE 4.25% BDS 23/06/27 USD200000REG S
  • 2.06% 7.500% RUSSIA GOVT BOND - OFZ 08/18/2021
  • 1.84% INDONESIA(REPUBLIC OF) 8.75% BDS 15/05/31 IDR1000000
  • 1.74% INDONESIA(REPUBLIC OF) 8.25% BDS 15/05/36 IDR1000000