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Ninety One Emerging Market Local Currency Debt Class I - Accumulation (GBP)

Sell:115.48p Buy:115.48p Change: 0.06p (0.05%)
Prices as at 27 March 2024
Sell:115.48p
Buy:115.48p
Change: 0.06p (0.05%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 27 March 2024
Sell:115.48p
Buy:115.48p
Change: 0.06p (0.05%)
Prices as at 27 March 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.97%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.97%
There are other unit types of this fund available:
Class I - Income 2 (GBP) (Net ongoing charge 0.97%)

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Unbundled
Manager:
Multiple
Fund launch date: 30 June 2006
Sector: Global Emerging Markets Bond
Fund size: £79 million
Number of holdings: 428
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: State Street Trustees Limited
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

27/03/19 to 27/03/20 27/03/20 to 27/03/21 27/03/21 to 27/03/22 27/03/22 to 27/03/23 27/03/23 to 27/03/24
Annual return -0.11% 2.91% -4.69% 7.10% 5.31%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The Fund aims to provide income and capital growth (to grow the value of your investment) over at least 5 years. The Fund invests primarily (at least two-thirds) in bonds (or similar debt-based assets) issued by emerging market borrowers or borrowers who have significant economic exposure to emerging markets (countries that have less developed economies) and in related derivatives (financial contracts whose value is linked to the price of such bonds (or similar debt-based assets)).

Income Details

Distribution yield : 6.53%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 1 March 2024 1 June 2024 1 September 2024 1 December 2024
Payment date: 30 April 20244 31 July 20244 31 October 20244 31 January 20254

This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 31 December 2023.

Security Weight
Citigroup 2.0847% 04 Jul 25 against China Fixing Repo Rates 7 Day China Fixing Repo Rates 7 Day 6.39%
CITI Global Markets Limited - EU 5.3375% 31 Aug 25 against Czech Interbank Offered Rates 6 Month 6.19%
BRAZIL NOTAS DO TESOURO NACION NOTES 01/25 10 6.16%
Foreign Currency USD Receivable 20231220 5.70%
CITI Global Markets Limited - EU 8.41% 29 Jun 25 against Jibar 3mo Index Floating Rate Jibar3mnth 5.17%
BRAZIL LETRAS DO TESOURO NACIO BILLS 01/25 0.00000 5.15%
CITI Global Markets Limited - EU 9.69% 18 Jul 25 against Mexico Interbank TIIE 28 Day Mexico Interb 4.93%
CITI Global Markets Limited - EU 5.787% 11 Jul 25 against Czech Interbank Offered Rates 6 Month 4.63%
Foreign Currency USD Receivable 20231204 4.55%
Foreign Currency KRW Receivable 20231220 4.48%
Sector Weight
Bonds 92.03%
Non-Classified 6.03%
Managed Funds 1.03%
Cash and Equiv. 0.91%
Country Weight
Brazil 15.93%
Non-Classified 10.44%
Malaysia 9.20%
China 8.26%
Thailand 6.67%
Mexico 6.56%
Colombia 5.85%
Poland 5.15%
South Africa 5.08%
Hungary 3.81%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 27 March 2024. Data provided by Broadridge, correct as at 31 October 2023.

Broadridge
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.