Threadneedle Emerging Market Local RNI USD

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Quick Stats

Bid Price - Offer Price -
Mid Price USD 1.06 Day Change USD +0.01 (0.49%)
Price Date 21 Aug 2019 Crown Rating 4
Shares Class Inc. Yield 7.00 %
Total Expense Ratio 0.00 Fund Size 92,112,324.53
Launch Date 14/01/2008 Standard Initial Charge (%) 3.75
Currency USD ISA Eligible Yes
Annual Management Charge (%) 1.45 Sector IMA UK Equity Income
Min Investment (£) 3,000.00 Total Expense Ratio (%) 0.00
ISIN GB00B2B3NY66 Min TopUp (£) 750.00
Ongoing Charge (%) 1.6300 Ongoing Charge Date 28/02/2018

Fund Objective

The Fund aims to provide income with the prospect of some investment growth over the long term. It looks to outperform the J. P. Morgan Government Bond Index - Emerging Markets (GBI-EM) Global Diversified over rolling 3-year periods, after the deduction of charges. The Fund is actively managed, and seeks to gain at least two-thirds of its investment exposure to emerging market local currencies and local currency denominated debt securities issued either by governments of Emerging Market countries, or companies which are domiciled or have significant business operations in such countries. The Fund may also gain exposure to non-emerging market currencies and debt securities, as well as emerging market debt denominated in non-local currencies, if considered appropriate to achieve its investment objectives. The Fund may invest in government and corporate bonds of any credit quality (including those rated below investment grade, or unrated), as well as treasury bills, and securitised notes. The Fund may also obtain investment exposure indirectly using derivatives, including foreign exchange forward transactions and swaps (such as cross currency interest rate and credit default swaps). Derivatives may be used to allow the Fund to profit from the fall in the price of an asset (shorting), as well as extending market exposure beyond the value of its assets (leverage). In addition, derivatives may be used with the aim of reducing risk, or managing the Fund more efficiently. The Fund may also invest in other assets such as cash and deposits, and hold other funds (including funds managed by Columbia Threadneedle companies) when deemed appropriate. The GBI-EM Global Diversified is regarded as an appropriate performance measure of local currency bonds issued by emerging market governments. It provides a suitable target benchmark against which Fund performance will be measured and evaluated over time

Fund Managers

Adrian Hilton

Adrian joined Columbia Threadneedle Investments in June 2016 as a Fixed Income portfolio manager in the Interest Rates & Currencies team. Prior to this, he spent eight years as a portfolio manager at Brevan Howard Asset Management, where he traded Emerging Markets local rates and currencies.Adrian began his career at the Bank of England in 2000, holding various positions in the Sterling Markets and Foreign Exchange divisions.  He became a portfolio manager in the Bank’s Reserves Management team in 2005 before leaving to join Aberdeen Asset Management in 2007 as a portfolio manager in that firm’s global rates team.  At Aberdeen, he contributed to absolute return rates strategies before joining Brevan Howard in September 2008 at the launch of Brevan Howard’s UCITS absolute return rates strategy.Adrian holds a BA (Hons) in History from the University of Birmingham.

Fund Performance

Cumulative Performance

Discrete Performance

Top 10 Holdings

Name Weight
RUSSIAN FEDERATION 6.5% BDS 28 6.10%
PERU(REPUBLIC OF) 6.95% BDS 12 5.70%
COLOMBIA(REPUBLIC OF) 9.85% BD 5.40%
SOUTH AFRICA(REPUBLIC OF) 8% B 5.10%
GOV OF PHILIPPINES 6.88% 10/01 3.80%
GOV OF ISRAEL 2.25% 28/09/2028 3.50%
THAILAND (KINGDOM OF) 2.875% B 3.50%
BRAZIL(FEDERATIVE REPUBLIC OF) 3.30%
INDONESIA(REPUBLIC OF) 7% BDS 3.00%
SOUTH AFRICA(REPUBLIC OF) 7% B 2.90%

Asset Breakdown

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Region Breakdown

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Sector Breakdown

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