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

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 14/11/2019GBP 84.81
Day Change-0.11%
12 Month Yield6.22%
Dividend FrequencyAnnually
Net Assets (mil) 31/10/20193,121.13 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%
Fund Rebate-

Morningstar Rating™

4 Stars

Morningstar Sustainability Rating

No Rating

No Rating

Sustainability Rating as of -


Fund Benchmark

JPM GBI-EM Global Diversified TR USD

Morningstar® Benchmark

JPM GBI-EM Global Diversified TR USD

Morningstar Analyst Rating™ *

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

How has this security performed
  • 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) 14/11/2019
3 Years Annualised2.763.814.94
5 Years Annualised2.924.104.99
10 Years Annualised2.833.644.98

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 Profile31/10/2019

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
Top Fixed Income Sectors
Fixed Income Sector%
Government Related54.04
Corporate Bond0.07
Covered Bond0.00
Top Holdings
IncreaseDecreaseNew since last portfolio
DecreaseIrs Gs Huf 0.2800% 18.12.2020_Receive 2020-12-18Hungary10.74
New since last portfolioNdois Citiuk Brl 4.4500% 04.01.2021_Receive 2021-01-04Brazil8.65
New since last portfolioNdois Citiuk Brl 4.4500% 04.01.2021_Pay 2021-01-04Brazil8.65
DecreaseNdois Gs Brl 5.5900% 04.01.2021_Pay 2021-01-04Brazil7.82
DecreaseNdois Gs Brl 5.5900% 04.01.2021_Receive 2021-01-04Brazil7.73
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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