Van Eck Global - Since 1955

Unconstrained Emerging Markets Bond UCITS

  • Fund Summary & Key Points

    The Unconstrained Emerging Markets Bond UCITS (“Sub-Fund”) seeks total return, consisting of income and capital appreciation. The Sub-Fund’s benchmark is the J.P. Morgan Government Bond Index-Emerging Markets Global Diversified (GBI-EM).

    The Sub-Fund can invest in debt securities that are issued by governments, quasi-government entities or corporations in emerging markets countries. These securities may be denominated in any currency, including those of emerging markets. By investing in emerging markets debt securities, the Fund offers exposure to emerging markets fundamentals, generally characterized by lower debts and deficits, higher growth rates and independent central banks. Lead Portfolio Manager, Eric Fine, has over 25 years of experience in emerging markets.

  • Distribution Yield* 

    as of 31/03/14
    USD I1 3.30%
    USD I2 3.40%

    *Distribution Yield is the dividend income distributions made by the fund in the last 30 days divided by the Net Asset Value of the fund, which is then annualized.

  • Unconstrained Emerging Markets Bond UCITS Details 
    as of 31/03/14

    • Net Assets (All Classes)
      $10.9M
    • Number of Issues
      45
    • Liquidity
      Daily
    • Countries Registered
      Austria, Finland, Germany, Luxembourg, Netherlands, Norway, Sweden
    • Distribution Policy
      Income
    • Cut Off Time
      15h00 Luxembourg (T-1)
    • Close of Financial Year
      30 September
    • Benchmark Index2
      GBI-EM

  • Performance History: Average Annual Total Returns (%)  

    1MO13MO1YTD11YR3YR5YR10YRLIFE
    Unconstrained Emerging Markets Bond UCITS Fund
    USD I1 Inc (Inception 20/08/13) 2.463.563.56--------8.58
    USD I2 Inc (Inception 20/08/13) 2.483.603.60--------8.66
    GBI-EM Index22.811.901.90--------2.42
    EMBI Index21.373.733.73--------7.35
    1MO13MO1YTD11YR3YR5YR10YRLIFE
    Unconstrained Emerging Markets Bond UCITS Fund
    USD I1 Inc (Inception 20/08/13) 2.463.563.56--------8.58
    USD I2 Inc (Inception 20/08/13) 2.483.603.60--------8.66
    GBI-EM Index22.811.901.90--------2.42
    EMBI Index21.373.733.73--------7.35

     

    1Returns less than one year are not annualized.

    2The J.P. Morgan Government Bond Index-Emerging Markets Global Diversified (GBI-EM) tracks local currency bonds issued by emerging markets governments. The index spans over 15 countries.  The J.P. Morgan Emerging Markets Bond Index Global Diversified (EMBI) tracks returns for actively traded external debt instruments in emerging markets, and is also J.P. Morgan’s most liquid U.S-dollar emerging markets debt benchmark.

    Past performance of the sub-fund is no guarantee for future performance. Any performance presented herein is for illustrative purposes only. Historical information is not indicative of future results; current data may differ from data quoted. Performance information does not take into account the commissions and costs incurred on the issue and redemption of units. Performance information is presented net of fees.

     

  • Share Class Details

    SHARE CLASS ISIN CUSIP BloombergReutersWKNSEDOLSIX TELEKURS
    USD I1 IncLU0935021328L9629A 270BBG004YVX80168211930A1WZCQB8HXCF621441743
    USD I2 IncLU0935021591L9629A 288BBG004YVXCW768211931A1WZCRB8HXCH821441744
  • Management Company & Agents

     
    Investment Manager (by delegation of the Management Company) Van Eck Associates Corporation
    Management Company RBS (Luxembourg) S.A.
    Central Administration (by delegation of the Management Company), Custodian and Depositary State Street Bank Luxembourg S.A.
    Global Distributor (by delegation of the Management Company) Van Eck Switzerland AG
    Auditor PricewaterhouseCoopers S.à r.l.
  • Important Disclosure 

    This website is for informational/advertisement purposes only and does not constitute any legal or investment advice. This web site should not be regarded as an offer for the purchase and the sale of the fund’s shares.

    Investors should consult the prospectus and key investor information before subscribing. The prospectus, the key investor information documents and the financial reports can be obtained free of charge from this web site and upon request from the SICAV’s registered office and the offices of all local information agents. The documents, except for key investor information, are only available in English. Past performance of the sub-fund is no guarantee for future performance.

    You can lose money by investing in the Sub-Fund. Any investment in the Sub-Fund should be part of an overall investment program, not a complete program. Unconstrained Emerging Markets Bond UCITS is subject to the risk associated with investing in foreign denominated and/or domiciled securities, which may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. The portfolio may also be subject to credit risk, interest rate risk, sovereign debt risk, tax risk, non-diversification risk and risks associated with non-investment grade securities. Bonds and bond funds will decrease in value as interest rates rise.

    The Sub-Fund is an open-ended investment companies established in Luxembourg, which is available for sale in certain jurisdictions only. The Sub-Fund is not available for sale in the U.S. or to U.S. persons. Van Eck Switzerland AG is the global distributor of the Sub-Funds.