Emerging Markets Debt Hard Currency Fund

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As of 30.09.2020

Additional Fund Information

   
Inception Date: 03/30/2020
ISIN: LU2093689359
SEDOL: BKT69V2
Bloomberg Symbol: WIEMDIU LX
Valoren Number: 52538766
WKN Number: A2PZTQ
Lipper: 68601156

Fund Statistics

 
 
Total Net Assets ($Million): $56
Number Of Holdings: 172
Average Maturity (years): 16.1
Duration (years): 8.6
OAS (BPS): 584

Credit Quality %

Rating
% of Fund
AA 5.4%
A 4.7%
BBB 27.4%
BB 19.8%
B 29.8%
CCC 4.5%
CC 0.0%
D 0.0%
NR 2.5%
Total 94.1%

Sector Diversification

Sector Name
% of Fund
EM Mkt Sovereign 65.9%
EM Mkt Quasi-Sovereign 15.3%
EM Mkt Corporate 10.2%
Cash & Equivalents 5.9%
EM Mkt Sub Sovereign 2.7%
Em Mkt Supranational 0.0%
Percentage of Fund 100.0%

Top 10 Issuers (%)

Region
% of Fund
DAWLAT QATAR 3.9%
UKRAINE (GOVERNMENT) 3.5%
TURKIYE CUMHURIYETI 3.2%
JUMHURIYAT MISR AL-ARABIYAH 3.0%
PETROLEOS MEXICANOS 2.5%
REPUBLICA DE COLOMBIA 2.4%
ROMANIA, REPUBLIC OF (GOVERNMENT) 2.4%
REPUBLICA DOMINICANA 2.2%
REPUBLIKA SRBIJA 2.1%
MAMLAKAT AL BAHRAYN 2.0%
Total 27.0%

Top 10 Country Allocations %

Country
% of Fund
MEXICO 4.3%
QATAR 3.9%
UKRAINE 3.5%
BRAZIL 3.5%
TURKEY 3.2%
ARGENTINA 3.1%
EGYPT 3.0%
COLOMBIA 2.8%
MALAYSIA 2.8%
UNITED ARAB EMIRATES 2.7%
Total 32.5%

Top 10 Countries by Active Spread Duration Contribution %

Country
% of Fund
UKRAINE 0.2%
ROMANIA 0.2%
SERBIA 0.1%
MEXICO 0.1%
GHANA 0.1%
BRAZIL 0.1%
DOMINICAN REPUBLIC 0.1%
EGYPT 0.1%
ECUADOR 0.1%
BAHRAIN 0.1%
Total 1.0%

Duration Distribution %

Years
% of Fund
Less than 1 year 6.7%
1 - 3 years 10.5%
3 - 5 years 11.9%
5 - 7 years 16.7%
7 - 10 years 16.6%
10 - 15 years 21.3%
15+ years 16.3%
Total 100.0%
Active spread duration is the difference between the effective spread duration contribution from a particular security or market segment to a portfolio, and the contribution to the portfolio's benchmark. Effective spread duration is a measure of the sensitivity of a bond's price with respect to sovereign spread movement. It approximately measures the percentage change in a bond's price if spreads change by 100 bps.

Credit quality ratings are assigned to underlying securities in accordance with the methodology applied by the Fund's benchmark. If all three of Moody's, S&P, and Fitch provide a rating for a security, the middle rating is assigned; when a rating from only two agencies is available, the lower is used; when only one agency rates an instrument, that rating is used. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. The Fund itself has not been rated. Credit ratings are subject to change.

Duration distribution is the portfolio's allocation to different groups of bonds, where those groups are determined by the bonds' effective interest rate duration. Effective interest rate duration is a measure of the sensitivity of a bond's price with respect to a shift in U.S. interest rates. It approximately measures the percentage change in a bond's price if U.S. interest rates change by 100 bps.

Option-adjusted spread (OAS) is a measure of the spread of a fixed income investment’s yield relative to a benchmark, adjusted to take into account an embedded option.

Information about the Fund's holdings should not be considered investment advice. There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change at any time. Top holdings are shown as a % of total net assets.