Pictet-Emerging Local Ccy Dbt I dy GBP (FUND:B4PHD15) - Fund price - Overview

Fund Report

Pictet-Emerging Local Currency Debt I dy GBP

Key Stats
Morningstar® CategoryGlobal Emerging Markets Bond - Local Currency
Manager Name-
Inception Date24/11/2009
NAV 18/02/2019GBP 81.69
Day Change-0.51%
12 Month Yield6.53%
ISINLU0465232295
SEDOLB4PHD15
Dividend FrequencyAnnually
Net Assets (mil) 31/01/20193,428.94 EUR
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time13:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge1.00%
Custody ChargeYes
Ongoing Cost0.94%
AMC1.05%
Fund Rebate-

Morningstar Rating™

4 Stars

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

Morningstar Analyst Rating™ *

Neutral

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

How has this security performed
201420152016201720182019
Fund-1.38-10.2027.642.35-1.582.78
Category-0.93-10.3829.324.44-2.431.69
Benchmark0.15-9.9931.145.24-0.382.10
  • Fund: Pictet-Emerging Local Currency Debt I dy GBP
  • Category: Global Emerging Markets Bond - Local Currency
  • Benchmark: JPM GBI-EM Global Diversified TR USD
Trailing Returns % (GBP) 18/02/2019
FundCatBmark
YTD2.272.062.07
3 Years Annualised8.088.9610.22
5 Years Annualised3.683.995.32
10 Years Annualised4.324.346.04

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The fund aims to achieve its investment objective by investing a minimum of two-thirds of its total assets or wealth in a diversified portfolio of bonds and other debt securities linked to local emerging debt. Emerging countries are defined as those considered, at the time of investing, as industrially developing countries by the International Monetary Fund, the World Bank, the International Finance Corporation (IFC) or one of the leading investment banks, which include, amongst others, Brazil. The fund may invest more than 10% and up to 20% of its net asset value in securities issued or guaranteed by a single country (including its government, a public or local authority of that country) with a credit rating below investment grade (such as Brazil, Argentina, Hungary, Vietnam and Sri Lanka). Investments in China may be performed, inter alia, on the China Interbank Bond Market directly, or through the QFII or the RQFII quota granted to the Managers for up to 30% of its net 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
Bonds140.7157.1883.53
Cash251.07234.6316.44
Other1.181.150.03
Top Fixed Income Sectors
Fixed Income Sector%
Government95.31
Future/Forward11.26
Cash & Equivalents4.68
Corporate Bond0.25
Swap0.01
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
IncreasePoland (Republic of) 2.5% 2027-07-25Poland3.66
DecreaseNdois Citiuk Inr 6.9050% 15.11.2019_receive 2019-11-15India3.30
DecreaseNdois Citiuk Inr 6.9050% 15.11.2019_pay 2019-11-15India3.29
DecreaseRussian Federation 8.15% 2027-02-03Russian Federation2.78
New since last portfolioIrs Gs Czk 1.9335% 20.03.2024 2024-03-20Czech Republic2.53
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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