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

10.63 %

1 Year rank in sector

70/245

Sector

FO Fixed Int - Emerging Markets

Yield
-
Fund size

£ 276.6 m

FE Risk score

105

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Indonesia
    11.55%
  • South Africa
    10.52%
  • Turkey
    9.87%
  • Mexico
    9.83%
  • Brazil
    9.14%
  • BBB
    98.81%
  • A
    0.61%
  • BB
    0.38%
  • B
    0.07%
  • Money Market
    0.07%
  • Indonesian Fixed Interest
    11.55%
  • South African Fixed Interest
    10.52%
  • Middle East & African Fixed Interest
    9.87%
  • Mexican Fixed Interest
    9.83%
  • Brazilian Fixed Interest
    9.14%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-3.78 %-1.07 %10.63 %-7.68 %-16.29 %
Sector-1.44 %0.75 %8.31 %5.51 %3.82 %
Rank within sector254 / 262208 / 25370 / 245200 / 207121 / 125
Quartile th4 th4 th2 nd4 th4 th

Calendar performance

YTD-20172016201520142013
Fund8.96 %8.14 %-17.09 %-6.98 %-11.84 %
Sector6.83 %10.22 %-7.28 %-0.56 %-7.02 %
Rank within sector72 / 248154 / 232202 / 211160 / 172123 / 131
Quartile th2 nd3 rd4 th4 th4 th

Risk statistics

Alpha-5.08
Beta1.64
Sharpe-0.01
Volatility12.17
Tracking error5.95
Information ratio-0.75
R-Squared0.89

Price movement

52 week high224.81
52 week low187.14
Current bid price0
Current offer price0
Current mid price211.18

Holdings by region

  • 11.55% Indonesia
  • 10.52% South Africa
  • 9.87% Turkey
  • 9.83% Mexico
  • 9.14% Brazil
  • 8.57% Poland
  • 8.39% Malaysia
  • 6.76% Colombia
  • 5.43% Russia
  • 4.32% Thailand

Holdings by sector

  • 98.81% BBB
  • 0.61% A
  • 0.38% BB
  • 0.07% B
  • 0.07% Money Market
  • 0.06% Non-Rated

Holdings by asset type

  • 11.55% Indonesian Fixed Interest
  • 10.52% South African Fixed Interest
  • 9.87% Middle East & African Fixed Interest
  • 9.83% Mexican Fixed Interest
  • 9.14% Brazilian Fixed Interest
  • 8.74% American Emerging Fixed Interest
  • 8.57% Polish Fixed Interest
  • 8.39% Malaysian Fixed Interest
  • 5.43% Russian Fixed Interest
  • 4.32% Thai Fixed Interest

Individual holdings

  • 3.54% 10.000% NOTA DO TESOURO NACIONAL 01/01/2027
  • 3.24% SOUTH AFRICA(REPUBLIC OF) 8.75% BDS 28/02/48 ZAR1000000
  • 2.82% 11.000% TURKEY GOVERNMENT BOND 03/02/2022
  • 2.28% MALAYSIA 3.58% BDS 28/09/18 MYR1000
  • 2.1% INDONESIA(REPUBLIC OF) 8.75% BDS 15/05/31 IDR1000000
  • 1.96% RUSSIAN FEDERATION MINISTRY FINANCE 4.25% BDS 23/06/27 USD200000REG S
  • 1.86% 4.750% TITULOS DE TESORERIA B 02/23/2023
  • 1.78% PERU(REPUBLIC OF) 6.95% BDS 12/08/31 PEN1000
  • 1.76% INDONESIA(REPUBLIC OF) 7% BDS 15/05/27 IDR1000000
  • 1.69% 0.000% EGYPT TREASURY BILL 07/24/2018