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SSP OFI GLOBAL EMERGING DEBT Class I-C-EUR

Share
ISIN: LU0574846324
NET ASSET VALUE|10/07/2020104.47 EUR
FIRST NAV DATE|31/12/2010
TOTAL AUM|10/07/202059.50 MEUR
FUND UNIT AUM|10/07/202059.50 MEUR
YTD
from 31/12/2019 to 10/07/2020
  • -6.56%
Benchmark* -5.71%
1 YEAR
from 10/07/2019 to 10/07/2020
  • -4.03%
Benchmark* -2.12%
5 YEARS
from 10/07/2015 to 10/07/2020
  • 2.82%
Benchmark* 13.55%
SINCE INCEPTION
from 31/12/2010 to 10/07/2020
  • 4.47%
Benchmark* 31.53%
* Benchmark: 20 % JPMorgan Euro EMBI / 80 % JPMorgan GBI-EM Global (Unhedged)

SSP OFI Global Emerging Debt is a subfund of the Luxembourg SSP SICAV.
The subfund is meant to be invested in emerging market debt denominated in local or hard currencies. The subfund invests at least two thirds of its assets in emerging market* sovereign bonds but can, however, invest up to one third in emerging-market corporate bonds.
The management team analyses the risks and rewards on emerging debt markets to select portfolio bonds, and constantly monitor issuers and market liquidity.
The subfund aims to outperform its composite benchmark index (20% JPMorgan Euro EMBI / 80% JPMorgan GBI-EM Global Diversified Unhedged Euro**).
* Emerging markets are countries that are considered by the International Monetary Fund, the World Bank, the International Finance Corporation (IFC) or any other major investment banks to be in the process of developing industrially. These are countries of Latin America, Central and Eastern Europe, Africa, the Middle East and Asia, or, more precisely but not exhaustively: Argentina, Brazil, Chile, Mexico, Colombia, China, South Korea, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Thailand, Croatia, Hungary, Poland, Turkey, the Czech Republic, Romania, Russia, Slovakia, Ukraine, South Africa, Egypt and Israel.
** Find out more at: www.jpmorgan.com

AMF classification
Legal form
SICAV
Inception date
31/12/2010
Recommended investment horizon
SRRI
SRRI is an indicator going from 1 to 7 and corresponding to increasing risk levels. Risk and performance category indicated in this document is subject to change. This category is determined by the application of a regulatory methodology. For more details about this methodology, please refer to the Key investor information document (KIID).
Risk detail - OFI Asset Management
Debt Securities: debt securities are subject to the risk of an issuer's inability to meet principal and interest payments on the obligation (credit risk) and may also be subject to price volatility due to such factors as interest rate sensitivity, market perception of the creditworthiness of the issuer and general market liquidity (market risk).
Liquidity Risk: it is the risk that certain securities may be difficult or impossible to sell at the time that the seller would like or at the price that the seller believes the security is currently worth.
Concentration Risk: the concentration risk arises mainly from two types of imperfect diversification: “name” and sector concentrations. Name concentration happens when the idiosyncratic risk cannot be perfectly diversified due to large (relative to the size of the portfolio) exposures to individual borrowers. Sector concentration emerges when the portfolio is not perfectly diversified across sectoral factors, corresponding to systematic components of risk.
Interest Rate Risk: the value of the sub-fund’s portfolio is linked to the Interest Rate Level. The degree of the fluctuation is linked to the sensitivity of the portfolio.
Currency Risk: the fund can invest directly in derivatives instrument linked to currencies or invest in instrument valued in a currency different than the reference currency of the fund.
Emerging Market Risk: for the Sub-Funds authorised to invest in emerging markets, investors should be aware that some markets in which Sub-Funds may invest are emerging markets subject to periods of growth, instability and change. The activity of custodian banks is not as developed in emerging countries and this may lead to difficulties in the liquidation and registration of transactions. The stock exchanges concerned are smaller and more volatile than the stock markets of more developed countries. A small number of issuers account for a large share of market capitalisation and quotation value of these exchanges. In the past, some of these exchanges have experienced substantial volatility of prices or were closed unexpectedly and for long periods of time. There is no guarantee that such events will not be repeated. In emerging markets there is the risk of political or economic changes which could unfavourably influence the value of a Sub-Fund’s investment. In these regions, the risk that the main investment objective, i.e. appreciation of capital, will not be achieved is even more substantial.
Risk associatived with Investments in Russia and Ukraine: equity investments in Russia and Ukraine are currently subject to certain risks with regard to the ownership and custody of securities. This results from the fact that no physical share certificates are issued and ownership of securities is evidenced by entries in the books of a company or its registrar (which is neither an agent nor responsible to the Depositary, other than by the local regulation). No certificates representing shareholdings in Russian and Ukrainian companies will be held by the Depositary or any of its local correspondents or in an effective central depositary system. Securities traded on the Moscow Stock Exchange MICEX-RTS (Moscow Stock Exchange) can be treated as investment in securities dealt in on a regulated market.
Risk associatived with Investments in Synthetic convertible bonds: investors should be aware that the price of the underlying and the interest rate sensitivity may have an adverse impact on the value of the synthetic convertible bonds.
Global Exposure: this Sub-Fund uses the commitment approach to monitor and measure the global exposure.
  • NET ASSET VALUE|104,47
  • CURRENCY|EUR
  • NAV DATE|10/07/2020

Historical Net Asset Values

SELECT DATES
  • ISIN CodeLU0574846324
  • Unit currencyEUR
  • Agreement date14/07/2020
  • Inception date31/12/2010
  • First NAV date31/12/2010
  • Valuation frequencyDaily
  • Regulatory authority
  • AMF classification
  • UCITS V classification
  • Legal formSICAV
  • Fund of funds Non
  • Feeder Non
  • Distribution policyAccumulation
  • ‘PEA’ eligible Non
  • Maximum management fees0.93 %
  • Maximum susbscription fees0.00 %
  • Maximum redemption fees0.00 %
  • Maximum subscription fees – non acquired1.00 %
  • Maximum redemption fees– non acquired 0.00 %
  • Outperformance fees
  • CustodianJP MORGAN BANK LUXEMBOURG SA
  • Administrative agentJP MORGAN BANK LUXEMBOURG SA
  • Asset management companyOFI LUX
  • Delegated asset management companyOFI ASSET MANAGEMENT
  • Subscription cut-off
  • Subscription cut-off time12:00:00
  • Redemption cut-off
  • Redemption cut-off time12:00:00
  • Settlement date
  • Decimalisation2 decimals
  • Terms of redemption
  • Terms of subscription
  • Minimum subscription amount50 000.00 EUR
  • Minimum subscription units0.00
  • Minimum initial subscription amount50 000.00 EUR
  • Minimum initial subscription units0.00
31/12/2018 31/01/2019 28/02/2019 29/03/2019 30/04/2019 31/05/2019 28/06/2019 31/07/2019 30/08/2019 30/09/2019 31/10/2019 29/11/2019 31/12/2019 31/01/2020 28/02/2020 31/03/2020 30/04/2020 29/05/2020
SCR Market 29.30 % 29.14 % 29.18 % 28.43 % 28.35 % 28.14 % 27.97 % 27.79 % 27.52 % 27.89 % 28.25 % 28.67 % 28.71 % 28.63 % 27.50 % 28.39 % 27.69 % 28.39 %
PnL interest Rate Down 11.32 % 11.01 % 11.11 % 10.75 % 10.70 % 10.34 % 10.11 % 9.80 % 9.66 % 9.70 % 9.82 % 10.11 % 9.76 % 9.92 % 9.54 % 9.31 % 8.67 % 9.00 %
PnL interest Rate Up -11.75 % -11.32 % -11.41 % -11.09 % -11.09 % -10.57 % -10.15 % -9.80 % -9.48 % -9.47 % -9.30 % -9.43 % -9.16 % -8.93 % -8.25 % -8.12 % -7.37 % -7.45 %
SCR Equity 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 %
SCR Currency 22.15 % 22.23 % 22.21 % 21.63 % 21.62 % 21.64 % 21.54 % 21.56 % 21.34 % 21.64 % 21.78 % 21.96 % 22.26 % 21.99 % 21.12 % 22.24 % 21.80 % 22.08 %
SCR Credit 6.50 % 6.35 % 6.39 % 6.31 % 6.23 % 6.19 % 6.31 % 6.22 % 6.26 % 6.43 % 6.81 % 7.04 % 6.93 % 7.10 % 6.82 % 6.76 % 6.87 % 7.46 %
SCR concentration 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 %
SCR Real Estate 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 %
Archives

The KIID must be provided to investors prior to any investment being made. Practical information, risk and reward profile and charges related to the investment in a fund are described in the fund’s KIID.

The figures mentioned cover past years. Past performances are not a reliable indicator of future performances. The investments mentioned herein are one way to capture financial market returns in exchange for a certain amount of risk. Invested capital and performances are not guaranteed, and there exists a risk of loss of capital.

IMPORTANT INFORMATION
The website (the “Site”) is considered as a marketing communication provided by OFI Asset Management (“OFI AM”), whose registered office is at 22 rue Vernier F-75017 Paris, France and approved by the Autorité des Marchés Financiers (AMF) in France as a management company of UCITS under agreement number GP 92021 and its Luxembourgish subsidiary OFI LUX, UCITS management company, whose registered office is at 10-12 boulevard F.D. Roosevelt L-2450 Luxembourg and authorised by the Commission de Surveillance du Secteur Financier (CSSF) in accordance with Chapter 15 of the 2010 Law on undertakings for collective investment as amended.
This website is not a transactional website. The information and opinions contained on this website do not take into account individual circumstances, investment objectives, financial situation or specific needs of the investors and cannot, in any case, be considered as tax, legal or investment advice or recommendation in respect of such products and services. Tax regimes depend on each investor’s own circumstances and may be subject to change in the future. We recommend you to liaise with your financial and tax advisor to ensure the suitability of the products / services regarding to your personal situation, your profile and your investment objectives.
This website is not intended for « US person » for the purposes of Regulation S in application of the United States Securities Act 1993.
Investments involve risks. The value of an investment may go down as well as up and you may not get back the amount you originally invested. There is no assurance that Funds objectives will be achieved or that there will be a return on capital. Past performances are not a reliable indicator of future performance and may be misleading. You must read the Prospectus and the KIIDs before any investment decision.