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NB Emerging Market Debt Local Currency I Acc GBP

ISIN: IE00BDZRNT61 | MEX: N/A | CITI: O74B

  • Buy 909.57 GBX

  • Sell 909.57 GBX

  • Price Change 0.17300%

Past Performance

  • 29th May 2020 to 29th May 20217.76%
  • 29th May 2021 to 29th May 2022-17.95%
  • 29th May 2022 to 29th May 20231.53%
  • 29th May 2023 to 29th May 20245.51%
  • 29th May 2024 to 29th May 20258.02%
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Objectives and Approach

The Fund aims to achieve a target average return of 1-2% over the benchmark before fees over a market cycle (typically 3 years) from investing primarily in local currencies and local interest rates of emerging (less developed) market countries. There can be no guarantee that the Fund will ultimately achieve its investment objective. Investments will primarily be in local currency but up to one-third of the Fund may be denominated in hard currency (defined as USD, EUR, GBP, JPY, CHF).

Key Information

Inception 22nd Sep 2017
Historic Yield 0%
Sector IA Global EM Bonds - Local Currency
Fund Size £979.762mn
Fund Type ICVC
Classification Accumulation

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. 		0.93%
Initial Charge 0%
AMC 0.75%
Our Platform Charge
We charge a platform fee of 0.30%. Our charges are shown on our rates and charges sheet 		0.30%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.30% per annum (excluding Charles Stanley Multi Asset Funds and anycash held). The min fee is £60, the max is £600 per annum, plus SIPP administration fee (if applicable, only charged if < £30,000 held) – see here 		0.30%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included. This does not include any commission credits you may have available 		N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs 		0.93%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Performance

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      • Cumulative Performance

        1 month3 months6 months1 year3 years5 years
        2.31% 6.38% 7.86% 8.02% 15.72% 2.31%

        Important Information
        Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

        The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.



      Composition

      View Fund Allocation by:

      TOP 10 HOLDINGS TOP 10 ASSETS TOP 10 SECTORS TOP 10 GEOGRAPHIES

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Key Investor Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INVESTOR INFORMATION DOCUMENT
      276,977 bytes PDF Document; last updated 14 Feb 2025
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      15,382,986 bytes PDF Document; last updated 31 Dec 2023
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      8,167,349 bytes PDF Document; last updated 30 Jun 2024
      Prospectus This is a formal document which contains details of the funds' objectives, investment strategies, risks, performance, distribution policy, fees and expenses and, fund management style.  A fund’s prospectus must be lodged with the Financial Conduct Authority (FCA) for authorisation.
      PROSPECTUS
      14,846,857 bytes PDF Document; last updated 07 May 2025
      GET ADOBE READER

      Management Team

      Gorky Urquieta Rob Drijkoningen Raoul Luttik

      Gorky Urquieta has managed this fund for 11 years and 10 months.

      Gorky Urquieta There is currently no biography information for Gorky Urquieta.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Gorky

      Name of Security Sole/Co Managed Since
      NB EmgMktDtBlend Co Apr 2014
      SocandEnvTrans Co Jun 2013
      SocandEnvTrans Co Jun 2013
      NB ShtDurEMDbt Co Oct 2013
      NB EmgMktDbtLclCcy Co Jun 2013
      NB EmgMktDtHaCu Co May 2013
      NB EmgMktDtHaCu Co May 2013
      NB EmgMktDtBlend Co Apr 2014
      NB ShtDurEMDbt Co Oct 2013
      NB ShtDurEMDbt Co Oct 2013
      NB EmgMktDtBlend Co Apr 2014
      NB EmgMktDtHaCu Co May 2013
      NB EmgMktDtBlend Co Apr 2014

      Rob Drijkoningen has managed this fund for 11 years and 10 months.

      Rob Drijkoningen Rob Drijkoningen, Managing Director, joined the firm in 2013. Rob is a Co-Head of the Emerging Markets Debt team and Senior Portfolio Manager responsible for over $24.5 bn in AuM in EMD and 34 investment professionals. Rob joined the firm after working at ING Investment Management for almost 18 years, most recently as the global co-head of the Emerging Markets Debt team responsible for managing over $16 billion in assets. In 1990, Rob began his career on the sell-side at Nomura and Goldman Sachs, after which he became senior investment manager for global fixed income at ING Investment Management. In 1997 he became global head of the Emerging Markets Debt team and in 2004 was named global head of the Emerging Markets Debt and High Yield teams. From 2007 through 2009 Rob created and led ING Investment Management’s Multi-Asset Group in Europe, managing mandates across asset classes including fixed income, equities, real estate and commodities. In 2009 he was appointed global head of emerging markets for both emerging markets equity and debt strategies. Rob earned his Macro-Economics degree from Erasmus University in Rotterdam and has authored numerous articles on emerging markets debt subjects. He is a member of DSI.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Rob

      Name of Security Sole/Co Managed Since
      NB EmgMktDtBlend Co Apr 2014
      SocandEnvTrans Co Jun 2013
      SocandEnvTrans Co Jun 2013
      NB ShtDurEMDbt Co Oct 2013
      NB EmgMktDbtLclCcy Co Jun 2013
      NB EmgMktDtHaCu Co May 2013
      NB EmgMktDtHaCu Co May 2013
      NB EmgMktDtBlend Co Apr 2014
      NB ShtDurEMDbt Co Oct 2013
      NB ShtDurEMDbt Co Oct 2013
      NB EmgMktDtBlend Co Apr 2014
      NB EmgMktDtHaCu Co May 2013
      NB EmgMktDtBlend Co Apr 2014

      Raoul Luttik has managed this fund for 11 years and 10 months.

      Raoul Luttik Raoul Luttik was born in the Netherlands in 1969 and graduated in economics from the University of Groningen. He holds the Dutch CFA equivalent and is DSI qualified. Prior to ING, Raoul worked for three years at Detam Pension Services as a fixed income and money market specialist. He aims to exploit the inefficiencies in emerging market debt markets using a fundamental, research-driven approach to investment. His top-down view looks at countries’ macroeconomic and political parameters for financial stability, a view that he believes can add value irrespective of market conditions. Cash and derivatives are an integral part of Raoul’s strategy and bond futures are used to take active positions as well as hedging.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Raoul

      Name of Security Sole/Co Managed Since
      NB EmgMktDbtLclCcy Co Jun 2013

      Investment involves risk. You may get back less than invested.