|Segment||Fixed Income: Emerging Markets - Corporate||Fixed Income: Emerging Markets - Corporate|
|Management Style||passive (index-based)||passive (index-based)|
|Underlying Index||J.P. Morgan CEMBI Broad Diversified Core Index||--|
The Fund seeks to correspond to the price and yield performance of the JP Morgan CEMBI Broad Diversified Core Index. The Underlying Index tracks the performance of the US dollar denominated emerging market corporate bond markets. All bonds included in the Underlying Index are selected to a set rule based criteria.
CEMB performance & returns
Top 10 Holdings (5.95% of Total Assets)
|BlackRock Cash Funds Treasury SL Agency||XTSLA||1.20%|
|Saudi Arabian Oil Company 4.25%||N/A||0.63%|
|Teva Pharmaceutical Finance Netherlands III B.V. 3.15%||N/A||0.59%|
|Altice Financing S.A. 7.5%||N/A||0.59%|
|Saudi Arabian Oil Company 4.38%||N/A||0.55%|
|Teva Pharmaceutical Finance Netherlands III B.V. 2.8%||N/A||0.53%|
|Saudi Arabian Oil Company 3.5%||N/A||0.51%|
|Sands China Ltd 5.13%||N/A||0.51%|
|Gaz Capital S.A. 4.95%||N/A||0.42%|
|Ecopetrol S.A. 6.88%||N/A||0.42%|
The following are CEMB strengths from our perspective:
The following are CEMB weaknesses from our perspective:
Other relevant CEMB comparisons
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The Fund seeks high level of total return consisting of both income and capital appreciation. The Fund will invest at least 80% of its net assets in Corporate Debt which includes fixed income securities, such as bonds, notes, money market securities and other debt obligations of emerging market issuers.
EMCB performance & returns
Top 10 Holdings (41.90% of Total Assets)
|Us 2yr Note (Cbt) Dec20 Xcbt 20201231||N/A||15.05%|
|Us 10yr Note (Cbt)dec20 Xcbt 20201221||N/A||8.95%|
|Us 5yr Note (Cbt) Dec20 Xcbt 20201231||N/A||3.42%|
|Us 10yr Ultra Fut Dec20 Xcbt 20201221||TNZ0||2.68%|
|Woori Bank 4.75%||N/A||2.44%|
|Reliance Industries Limited 3.67%||N/A||2.31%|
|Bharti Airtel Limited 4.38%||N/A||2.27%|
|NBK Tier I Financing Ltd. 4.5%||N/A||1.70%|
|Abu Dhabi Natl Engy Co Pjsc 4.38%||N/A||1.57%|
|Bank of China Limited 5%||N/A||1.51%|
The following are EMCB strengths from our perspective:
The following are EMCB weaknesses from our perspective:
- EMCB net assets are $57.30 million. This fund is not a popular choice with retail investors.
- EMCB 3-year return is -0.49%, which is lower than the 3-year return of the benchmark index (Bloomberg US Aggregate Bond TR USD), 0.19%.
- EMCB expense ratio is 0.6%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
Other relevant EMCB comparisons
You may also want to check out the following EMCB comparisons that investors often look for on Finny