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

This product has upcoming changes. Please view the fund announcement for more information.
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 30 Sep 2021 - 30 Sep 2022

TickerISINBloombergFund nameShare class

Risk and Volatility

As at 27 Sep 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 31 Aug 2022

FundamentalsFundBenchmark
Number of bonds 270 935
YTM (Yield to Maturity) effective 7.5% 7.6%
Medium coupon 4.9% 5.0%
Average maturity 12.0 Years 11.9 Years
Average quality BB+ BB+
Average Duration 6.6 Years 7.1 Years
Cash Investment 13.0%

Region exposure

As at 31 Aug 2022

Market allocation

As at 31 Aug 2022

CountryRegionFundBenchmarkVariance +/-
OtherOther 13.0% 0.0% 13.0%
MexicoEmerging Markets 9.6% 5.2% 4.4%
Dominican RepublicEmerging Markets 4.7% 2.8% 1.9%
IndonesiaEmerging Markets 4.5% 5.1% -0.6%
ChileEmerging Markets 4.5% 3.2% 1.3%
South AfricaEmerging Markets 3.9% 2.9% 1.0%
PeruEmerging Markets 3.8% 3.0% 0.8%
RomaniaEmerging Markets 3.3% 1.8% 1.5%
ColombiaEmerging Markets 3.2% 2.7% 0.5%
United Arab EmiratesEmerging Markets 3.0% 4.7% -1.7%
EgyptEmerging Markets 2.5% 2.5% 0.0%
PanamaEmerging Markets 2.1% 3.0% -0.9%
MalaysiaEmerging Markets 2.0% 2.8% -0.8%
KazakhstanEmerging Markets 1.8% 2.5% -0.7%
United States of AmericaNorth America 1.8% 0.0% 1.8%

Distribution by credit quality (% of funds)

As at 31 Aug 2022

Distribution by credit issuer (% of funds)

As at 31 Aug 2022

Distribution by credit maturity (% of funds)

As at 31 Aug 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 78.40
Change
+CHF 0.680.87%
At closure 03 Oct 2022
NAV 52-week high
CHF 101.40
At closure 03 Oct 2022
NAV 52-week low
CHF 77.72
At closure 03 Oct 2022
NAV 52-week difference
CHF 23.68
Change
+23.35%
At closure 03 Oct 2022

Price analysis

-

Historical Prices

-

Inception date

27 Apr 2021

Date NAV (CHF)
03 Oct 2022 CHF 78.3952
30 Sep 2022 CHF 77.7179
29 Sep 2022 CHF 77.8050
28 Sep 2022 CHF 78.3431
27 Sep 2022 CHF 78.2517
26 Sep 2022 CHF 79.0876
23 Sep 2022 CHF 80.2592
22 Sep 2022 CHF 81.0198
21 Sep 2022 CHF 81.7462
20 Sep 2022 CHF 81.4502

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

Product Detail Meta data: Author mode

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