Threadneedle EM Local Ins Grs Acc GBP (FUND:B2B3X35) - Fund price - Overview

Fund Report

Threadneedle Emerging Market Local Fund Institutional Gross Accumulation GBP

Key Stats
Morningstar® CategoryGlobal Emerging Markets Bond - Local Currency
Manager NameHenry Stipp
Inception Date14/01/2008
NAV 19/02/2019GBP 1.77
Day Change-0.25%
12 Month Yield7.06%
ISINGB00B2B3X356
SEDOLB2B3X35
Dividend FrequencySemi-Annually
Net Assets (mil) 31/01/201977.60 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment-
Pricing FrequencyDaily
Dealing Cut off Time12:00
Regular InvestmentYes
Actual Initial Charge-
Exit Charge-
Custody ChargeYes
Ongoing Cost1.63%
AMC0.75%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_3

Morningstar Sustainability Rating

No Rating

No Rating


Sustainability Rating as of -

Benchmarks

Fund Benchmark

JPM GBI-EM Global Diversified TR USD

Morningstar® Benchmark

JPM GBI-EM Global Diversified TR USD

Growth Of 10,000 (GBP) 31/01/2019

How has this security performed
201420152016201720182019
Fund-2.11-13.0630.245.31-1.562.58
Category-0.93-10.3829.324.44-2.431.69
Benchmark0.15-9.9931.145.24-0.382.10
  • Fund: Threadneedle Emerging Market Local Fund Institutional Gross Accumulation GBP
  • Category: Global Emerging Markets Bond - Local Currency
  • Benchmark: JPM GBI-EM Global Diversified TR USD
Trailing Returns % (GBP) 19/02/2019
FundCatBmark
YTD2.962.062.07
3 Years Annualised10.018.9610.22
5 Years Annualised3.973.995.32
10 Years Annualised3.244.346.04

Morningstar SRRI

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Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The investment objective of the Emerging Market Local Fund is to achieve a total return primarily by way of income with some capital growth. The ACD’s investment policy is to actively manage an exposure primarily in emerging market local currencies and emerging market local currency debt issued by governments in Emerging Markets and/or companies which are domiciled or have significant operations in an Emerging Market. Emerging markets countries are those characterised as developing or emerging by the MSCI Emerging Markets Free Index or those not listed in the OECD country list. The ACD will invest the total assets of the Fund in local currency government bonds and treasury bills, corporate bonds issued in local currency, cash or near cash, securitised notes, foreign exchange forward transactions, and other type of derivatives. At times the portfolio may be concentrated in any one or a combination of such assets.

Portfolio Profile31/01/2019

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds88.220.2487.98
Cash53.6041.5812.02
Other0.000.000.00
Top Fixed Income Sectors
Fixed Income Sector%
Government82.13
Cash & Equivalents12.02
Corporate Bond3.67
Government Related2.18
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Republic of Colombia 9.85% 2027-06-28Colombia8.37
IncreaseSecretaria Tesouro Nacional 10% 2025-01-01Brazil5.55
IncreaseSecretaria Tesouro Nacional 10% 2027-01-01Brazil5.46
IncreaseBrazil (Federative Republic) 10% 2023-01-01Brazil3.64
Turkey (Republic of) 11% 2027-02-24Turkey3.49
AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and AJ Bell Asset Management Limited (company number 09742568) are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. See website for full details. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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