Emerging Markets Bond Fund
Emerging Markets Bond Fund - EUR Hedged Dist (VEMBINV)
Related Documents
About this fund
Fund objectives
- The Fund seeks to provide total return while generating a moderate level of income by investing primarily in bonds of issuers in emerging market countries.
- The Fund employs an “active management” strategy, and while the Fund will invest in components of the J.P. Morgan EMBI Global Diversified Index (the “Index”), its investment manager will follow distinct approaches in managing the Fund’s assets.
- The Fund invests in fixed income securities of various maturities, yields, and qualities. Under normal circumstances, the Fund will invest at least 80% of its assets in fixed income securities of issuers that are tied economically to emerging market countries. The Fund seeks to have a majority of its assets denominated in or hedged back to the U.S. dollar but has the ability to invest in bonds denominated in a local currency on an unhedged basis. Emerging market bonds include sovereign debt securities, which include fixed income securities that are issued or guaranteed by foreign governments or their agencies, authorities, political subdivisions or instrumentalities, or other supranational agencies, as well as debt securities issued or guaranteed by foreign corporations and foreign financial institutions.
- The Investment Manager may in its discretion restrict the extent to which the Fund’s holdings deviate from the Index constituents on a security selection and fixed income sector basis. The Fund may take active fixed income sector views with the focus on bond specific selection. The extent to which the Fund can outperform the Index may be restricted by constraints applied by the Investment Manager which limit the potential volatility of the difference between the return of the Fund and the return of the Index. Such constraints may change or be removed from time to time at the Investment Manager’s discretion and depending on market environments.
Fund facts
Share class inception
21 Jun 2023
Minimum initial investment
€100,000.00
Investment structure
Irish UCITS
Share Class Assets'
Total Assets
Risk indicator
Strategy
Active
Asset Class
Bond
Domicile
Ireland
Dividend schedule
Quarterly
Currency
EUR
Index ticker
JPGCHECP
Benchmark
J.P. Morgan EMBI Global Diversified Index in EUR
Register countries
Sweden, Guernsey, C.I., Finland, Luxembourg, Isle of Man, Jersey, C.I., Austria, Germany, United Kingdom, Italy, Liechtenstein, Norway, Portugal, Spain, Ireland, Switzerland, Denmark, France and Netherlands
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Performance
Risk and Volatility
As at 31 Aug 2026
Beta
R²
Annualized Tracking Error
1 year
3 years
5 years
—Please note Beta and R-squared data will only display for funds with 3 full years of history.
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Portfolio data
Characteristics
| Fundamentals | Fund | Benchmark | As at |
|---|---|---|---|
| Number of bonds | 271 | 962 | 31 Aug 2026 |
| 6.3% | 6.3% | 31 Aug 2026 | |
| 5.4% | 5.7% | 31 Aug 2026 | |
| 8.6 Years | 9.9 Years | 31 Aug 2026 | |
| BB+ | BB+ | 31 Aug 2026 | |
| 5.9 Years | 6.1 Years | 31 Aug 2026 | |
| Cash Investment | 6.3% | — | 31 Aug 2026 |
Market allocation
As at 31 Aug 2026
| Country | Region | Fund | Benchmark | Variance +/- |
|---|---|---|---|---|
| Mexico | Emerging Markets | 8.62% | 5.13% | 3.49% |
| Other | Other | 6.32% | — | — |
| Turkey | Emerging Markets | 5.63% | 4.10% | 1.53% |
| Indonesia | Emerging Markets | 5.42% | 4.03% | 1.39% |
| Argentina | Emerging Markets | 4.84% | 2.67% | 2.17% |
| Dominican Republic | Emerging Markets | 4.38% | 2.89% | 1.49% |
| United States of America | North America | 3.91% | — | — |
| Saudi Arabia | Emerging Markets | 3.49% | 5.20% | -1.71% |
| Hungary | Emerging Markets | 3.43% | 2.86% | 0.57% |
| South Africa | Emerging Markets | 3.23% | 2.83% | 0.40% |
| Ecuador | Emerging Markets | 3.00% | 1.81% | 1.19% |
| Ukraine | Emerging Markets | 2.71% | 1.89% | 0.82% |
| Chile | Emerging Markets | 2.71% | 3.01% | -0.30% |
| Peru | Emerging Markets | 2.48% | 2.53% | -0.05% |
| Philippines | Emerging Markets | 2.40% | 2.98% | -0.58% |
Distribution by credit quality (% of funds)
As at 31 Aug 2026
| Credit Rating | Fund |
|---|---|
| AA | 4.44% |
| A | 5.99% |
| Less than BBB | 51.68% |
| BBB | 30.18% |
| Not Rated | 7.70% |
Distribution by credit issuer (% of funds)
As at 31 Aug 2026
| Issuers | Fund |
|---|---|
| Treasury/Federal | 6.83% |
| Gov-Related-Agencies | 12.48% |
| Gov-Related-Local Authority | 0.33% |
| Gov-Related-Sovereign | 71.89% |
| Corporate-Industrials | 1.64% |
| Corporate-Utilities | 0.64% |
| Cash | 6.33% |
| Other | -0.12% |
Distribution by credit maturity (% of funds)
As at 31 Aug 2026
| Maturity | Fund |
|---|---|
| Under 1 Year | 9.07% |
| 1 - 5 Years | 27.85% |
| 5 - 10 Years | 43.12% |
| 10 - 15 Years | 5.58% |
| 15 - 20 Years | 0.85% |
| 20 - 25 Years | 4.03% |
| Over 25 Years | 9.50% |
Holdings details
As at 31 Aug 2026
| Holding name | % of market value | Market value | Face amount | Coupon/Yield | Maturity date |
|---|---|---|---|---|---|
| Ukraine Government International Bond | 1.81972% | €50,854,649.37 | 61,862,000 | 4.00% | 01 Feb 2032 |
| Petroleos Mexicanos | 1.73123% | €48,381,661.21 | 45,181,572 | 8.75% | 02 Jun 2029 |
| Indonesia Government International Bond | 1.71509% | €47,930,503.95 | 43,170,000 | 3.75% | 16 Oct 2033 |
| Panama Government International Bond | 1.63875% | €45,797,246.63 | 55,213,000 | 2.25% | 29 Sep 2032 |
| United States Treasury Note/Bond | 1.59146% | €44,475,691.82 | 52,013,600 | 1.38% | 15 Nov 2031 |
| Argentine Republic Government International Bond | 1.58360% | €44,256,055.55 | 51,148,316.81 | 0.75% | 09 Jul 2030 |
| Turkiye Government International Bond | 1.52449% | €42,603,984.43 | 44,060,000 | 6.30% | 14 Mar 2033 |
| Argentine Republic Government International Bond | 1.42301% | €39,768,138.75 | 50,130,818 | 5.00% | 09 Jan 2038 |
| Republic of Kenya Government International Bond | 1.40132% | €39,161,729.11 | 39,500,000 | 7.88% | 26 Feb 2034 |
| Turkiye Government International Bond | 1.36892% | €38,256,295.65 | 38,603,000 | 6.38% | 22 May 2031 |
Prices and distribution
Prices
NAV Price (EUR)
€101.88
EURChange
+€0.810.81% At closure 06 Oct 2026
NAV 52-week high
€111.12
At closure 07 Oct 2026
NAV 52-week low
€101.07
At closure 07 Oct 2026
NAV 52-week difference
€10.05
Change
+9.04% At closure 07 Oct 2026
Historical Prices
-
Inception date
21 Jun 2023
| Date | NAV (EUR) |
|---|---|
| 06 Oct 2026 | €101.8844 |
| 05 Oct 2026 | €101.0704 |
| 02 Oct 2026 | €101.4204 |
| 01 Oct 2026 | €101.0740 |
| 30 Sep 2026 | €101.5959 |
| 29 Sep 2026 | €103.5695 |
| 28 Sep 2026 | €103.5612 |
| 25 Sep 2026 | €104.9633 |
| 24 Sep 2026 | €104.7377 |
| 23 Sep 2026 | €105.3879 |
Distribution history
Distribution frequency
Quarterly
Historical performance 30 Sep 2026
6.32%
| Type | Distribution amount (per unit) | Ex-dividend date | Registration date | Payable date |
|---|---|---|---|---|
| Income | €1.7227 | 30 Sep 2026 | 29 Sep 2026 | 14 Oct 2026 |
| Income | €1.7197 | 30 Jun 2026 | 29 Jun 2026 | 14 Jul 2026 |
| Income | €1.6067 | 31 Mar 2026 | 30 Mar 2026 | 16 Apr 2026 |
| Income | €1.3760 | 31 Dec 2025 | 30 Dec 2025 | 15 Jan 2026 |
| Income | €1.4254 | 30 Sep 2025 | 29 Sep 2025 | 14 Oct 2025 |
| Income | €1.5165 | 30 Jun 2025 | 27 Jun 2025 | 14 Jul 2025 |
| Income | €1.7532 | 31 Mar 2025 | 28 Mar 2025 | 14 Apr 2025 |
| Income | €1.8884 | 31 Dec 2024 | 30 Dec 2024 | 15 Jan 2025 |
| Income | €1.6605 | 30 Sep 2024 | 27 Sep 2024 | 14 Oct 2024 |
| Income | €1.7776 | 28 Jun 2024 | 27 Jun 2024 | 12 Jul 2024 |
Purchase information
Currency
Base currency:EUR
Fund codes
- Bloomberg:VEMBINV
- Citi:AXC2D
- ISIN:IE000V13O2Q4
- MEX ID:VIAALN
- SEDOL:BNQN4G7