Product Detail Meta data: Author mode

Port Id:9499
Product Type: mf
Author Environment: true

Emerging Markets Bond Fund - Institutional Plus CHF Hedged Acc (VEMBIPC)

NAV Price ()
Holdings
Risk Indicator

About this fund

Fund objectives

  • The Fund seeks to provide total return while generating a moderate level of income by investing primarily in bonds of issuers in emerging market countries.
  • The Fund employs an “active management” strategy, and while the Fund will invest in components of the J.P. Morgan EMBI Global Diversified Index (the “Index”), its investment manager will follow distinct approaches in managing the Fund’s assets.
  • The Fund invests in fixed income securities of various maturities, yields, and qualities. Under normal circumstances, the Fund will invest at least 80% of its assets in fixed income securities of issuers that are tied economically to emerging market countries. The Fund seeks to have a majority of its assets denominated in or hedged back to the U.S. dollar but has the ability to invest in bonds denominated in a local currency on an unhedged basis. Emerging market bonds include sovereign debt securities, which include fixed income securities that are issued or guaranteed by foreign governments or their agencies, authorities, political subdivisions or instrumentalities, or other supranational agencies, as well as debt securities issued or guaranteed by foreign corporations and foreign financial institutions.
  • The Investment Manager may in its discretion restrict the extent to which the Fund’s holdings deviate from the Index constituents on a security selection and fixed income sector basis. The Fund may take active fixed income sector views with the focus on bond specific selection. The extent to which the Fund can outperform the Index may be restricted by constraints applied by the Investment Manager which limit the potential volatility of the difference between the return of the Fund and the return of the Index. Such constraints may change or be removed from time to time at the Investment Manager’s discretion and depending on market environments.

Fund facts

Share class inception
27 Apr 2021
Minimum initial investment
CHF 200,000,000.00
Investment structure
Irish UCITS
Share Class Assets'
Total Assets
Risk indicator
Strategy
Active
Asset Class
Bond
Domicile
Ireland
Dividend schedule
Currency
CHF
Index ticker
JPGCHFCP
Benchmark
J.P. Morgan EMBI Global Diversified Index in CHF
Register countries
Austria, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Ireland, Isle of Man, Italy, Jersey, Liechtenstein, Luxembourg, Netherlands, Norway, Portugal and Sweden

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

Performance

Total Returns

-

Growth of 10,000

Viewing 31 Jul 2021 - 31 Jul 2022

TickerISINBloombergFund nameShare class

Risk and Volatility

As at 02 Aug 2022

Beta
Annualized Tracking Error
1 year
3 years
5 years

Please note Beta and R-squared data will only display for funds with 3 full years of history.

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

Portfolio data

Characteristics

As at 30 Jun 2022

FundamentalsFundBenchmark
Number of bonds 257 945
YTM (Yield to Maturity) effective 8.0% 7.9%
Medium coupon 4.9% 5.0%
Average maturity 13.2 Years 11.7 Years
Average quality BB+ BB+
Average Duration 6.9 Years 6.9 Years
Cash Investment 7.0%

Region exposure

As at 30 Jun 2022

Market allocation

As at 30 Jun 2022

CountryRegionFundBenchmarkVariance +/-
OtherOther 7.0% 0.0% 7.0%
United States of AmericaNorth America 1.5% 0.0% 1.5%
South KoreaPacific 1.5% 0.0% 1.5%
ThailandEmerging Markets 1.0% 0.0% 1.0%
Russian FederationEmerging Markets 0.4% 0.0% 0.4%
MauritiusEmerging Markets 0.3% 0.0% 0.3%
North Macedonia, Republic ofEmerging Markets 0.2% 0.0% 0.2%
CameroonEmerging Markets 0.2% 0.0% 0.2%
BelarusEmerging Markets 0.1% 0.0% 0.1%
KazakhstanEmerging Markets 0.0% 2.4% -2.4%
BoliviaEmerging Markets 0.0% 0.3% -0.3%
VenezuelaEmerging Markets 0.0% 0.0% 0.0%
IndiaEmerging Markets 0.0% 0.7% -0.7%
Sri LankaEmerging Markets 0.0% 0.6% -0.6%
RomaniaEmerging Markets 0.0% 1.7% -1.7%

Distribution by credit quality (% of funds)

As at 30 Jun 2022

Distribution by credit issuer (% of funds)

As at 30 Jun 2022

Distribution by credit maturity (% of funds)

As at 30 Jun 2022

Holdings details

As at 30 Jun 2022

Holding name% of market valueMarket valueFace amountCoupon/YieldMaturity date
Saudi Government International Bond 2.44772% $11,702,948.75 11,747,000 2.88% 04 Mar 2023
Petronas Capital Ltd. 2.12195% $10,145,391.30 10,737,000 3.50% 21 Apr 2030
Chile Government International Bond 2.01523% $9,635,175.00 10,305,000 2.75% 31 Jan 2027
UAE INTERNATIONAL GOVERNMENT BOND 1.92703% $9,213,462.50 9,055,000 4.95% 07 Jul 2052
Serbia International Bond 1.64960% $7,887,035.38 8,659,000 3.13% 15 May 2027
Panama Government International Bond 1.58529% $7,579,546.63 10,682,000 3.87% 23 Jul 2060
Mexico Government International Bond 1.52352% $7,284,200.00 9,680,000 4.40% 12 Feb 2052
Dominican Republic International Bond 1.39032% $6,647,371.88 7,650,000 5.50% 22 Feb 2029
Korea National Oil Corp. 1.26309% $6,039,073.92 6,424,000 1.75% 18 Apr 2025
Peruvian Government International Bond 1.22784% $5,870,498.94 5,441,000 7.35% 21 Jul 2025

Prices and distribution

Prices

NAV Price (CHF)
CHF 85.08
Change
+CHF 0.600.71%
At closure 08 Aug 2022
NAV 52-week high
CHF 102.99
At closure 05 Aug 2022
NAV 52-week low
CHF 77.80
At closure 05 Aug 2022
NAV 52-week difference
CHF 25.19
Change
+24.46%
At closure 05 Aug 2022

Price analysis

-

Historical Prices

-

Inception date

27 Apr 2021

Date NAV (CHF)
08 Aug 2022 CHF 85.0751
05 Aug 2022 CHF 84.4714
04 Aug 2022 CHF 84.5663
03 Aug 2022 CHF 83.3852
02 Aug 2022 CHF 83.7728
01 Aug 2022 CHF 83.5942
29 Jul 2022 CHF 83.1631
28 Jul 2022 CHF 82.2747
27 Jul 2022 CHF 81.2001
26 Jul 2022 CHF 80.9973

Distribution history

Distribution frequency

Historical performance

All dividends are reinvested for the "Accumulation" shares.

Purchase information

Currency

Base currency: CHF

Fund codes

  • Bloomberg: VEMBIPC
  • Citi: UP9N
  • ISIN: IE00BNNLXF63
  • MEX ID: VIAAKB
  • SEDOL: BNNLXF6