Threadneedle EM Local Z Grs Acc GBP (FUND:B80NJR4) - Fund price

Fund Report

Threadneedle Emerging Market Local Fund Z Gross Accumulation GBP

Key Stats
Morningstar® CategoryGlobal Emerging Markets Bond - Local Currency
Manager Name-
Inception Date15/10/2012
NAV 13/09/2019GBP 1.22
Day Change-0.40%
12 Month Yield6.11%
Dividend FrequencySemi-Annually
Net Assets (mil) 31/08/201988.61 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time11:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Ongoing Cost0.79%
Fund Rebate-

Morningstar Rating™


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

Growth Of 10,000 (GBP) 31/08/2019

How has this security performed
  • Fund: Threadneedle Emerging Market Local Fund Z Gross Accumulation GBP
  • Category: Global Emerging Markets Bond - Local Currency
  • Benchmark: JPM GBI-EM Global Diversified TR USD
Trailing Returns % (GBP) 13/09/2019
3 Years Annualised6.224.886.09
5 Years Annualised4.344.625.73
10 Years Annualised3.314.365.78

Morningstar SRRI

Lower Risk
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 to emerging market local currencies and debt securities issued by governments in Emerging Markets and/or companies which are domiciled or have significant operations in an Emerging Market. Those debt securities may be denominated in any currency, but at least two-thirds of the Fund will be invested in securities denominated in the local emerging market currency. Emerging markets countries are those characterised as developing or emerging by the MSCI Emerging Markets Index or those not listed in the OECD country list. If the ACD considers it desirable the Fund may gain exposure of up to one third of the total assets of the Fund to non-emerging market currencies and non-emerging market government/corporate debt securities.

Portfolio Profile31/08/2019

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%
Cash & Equivalents4.19
Corporate Bond1.23
Government Related1.09
Top Holdings
IncreaseDecreaseNew since last portfolio
Russian Federation 6.5% 2024-02-28Russian Federation6.13
The Republic of Peru 6.95% 2031-08-12Peru5.61
Republic of Colombia 9.85% 2027-06-28Colombia5.37
Republic of South Africa 8% 2030-01-31South Africa5.01
Philippines (Republic Of) 6.88% 2029-01-10Philippines4.02
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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