First Sentier Emerging Markets Bond B

  • 90.24p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 126.68p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.60%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.80%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 4.90%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 15 January 2021

Fund summary

Sector Global Emerging Markets Bond - Hard Currency
Structure OEIC
Launched December, 2012
Size £41m
Yield 4.90%
Charging basis Capital
Dividends paid 31 Mar, 30 Sep

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.60%
Ongoing charges figure 0.80%

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Investment process

The Fund aims to achieve a total investment return from income and capital appreciation. The Fund primarily invests in debt securities issued or guaranteed by governments, financial institutions or companies in Emerging Markets. The Fund may also invest in securities which are economically linked to Emerging Markets. The majority of the Fund will be invested in debt securities denominated in US dollars. The Fund will invest at least 80 per cent of its net assets in bonds and other debt securities issued or guaranteed by governments of Emerging Markets or their agencies, and by companies established or having significant operations in Emerging Markets. The Fund may invest in investment grade, non investment grade and unrated debt securities. The Fund may hold more than 30 per cent of its net assets in debt securities rated below investment grade.

Manager research

Average monthly relative returns

  • 16/17 -1.57%
  • 17/18 0.61%
  • 18/19 -0.68%
  • 19/20 0.11%
  • 20/21 0.19%

Bestinvest MRI

  • 3 years -0.13%
  • 5 years -0.27%
  • Career -0.24%
  • 3 years 44.80%
  • 5 years 28.40%
  • Career 25.80%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Helene Williamson

Track record

Helene Williamson has 8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.24%. During the worst period of relative performance (from June 2014 - March 2020) there was a decline of 36% relative to the index. The worst absolute loss has been 17%.

Periods of worst performance

Absolute -17.00% (February 2020 - March 2020)
Relative -36.00% (June 2014 - March 2020)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Sector breakdown

Government Guaranteed 92.00%
Money Market 7.00%
Corporate Bonds 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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