Morningstar Fund Report  | 05/04/2025Print

GAM Multibond - Local Emerging Bond GBP B Hedged

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
GAM Multibond - Local Emerging Bond GBP B Hedged
Fund-11.9-10.111.8-6.63.7
+/-Cat-----
+/-B’mrk-----
 
Category: Other Bond
Category Benchmark: -
Key Stats
NAV
02/04/2025		 GBP 101.24
Day Change -0.06%
Morningstar Category™ Other Bond
IA (formerly IMA) Sector Global Emerging Markets Bond - Local Currency
ISIN LU0443273411
Fund Size (Mil)
29/11/2024		 USD 237.20
Share Class Size (Mil)
02/04/2025		 GBP 1.48
Max Initial Charge 3.00%
Ongoing Charge
17/02/2025		  1.95%
Investment Objective: GAM Multibond - Local Emerging Bond GBP B Hedged
The investment objective of the Company is to achieve above-average returns in the long term while observing the principle of risk diversification, through investing at least two-thirds of the assets of the Subfund in fixed-interest or floating-rate securities either issued by issuers from so-called emerging market countries and/or denominated in the currency of an emerging market country or which are economically linked to currencies of emerging market countries.
Returns
Trailing Returns (GBP)02/04/2025
YTD3.92
3 Years Annualised0.04
5 Years Annualised1.23
10 Years Annualised-1.02
12 Month Yield 0.00
Management
Manager Name
Start Date
Paul McNamara
28/04/2000
Markus Heider
01/09/2023
Click here to see others
Inception Date
29/09/2009

Category Benchmark
Fund BenchmarkMorningstar Benchmark
JPM GBI-EM Global Diversified TR USD-
Portfolio Profile for  GAM Multibond - Local Emerging Bond GBP B Hedged31/12/2024
Fixed Income
Effective Maturity-
Effective Duration-
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond92.980.8692.12
Property0.000.000.00
Cash105.2097.337.88
Other0.000.000.00
Growth Of 1000 (GBP) 31/03/2025
Fund:  GAM Multibond - Local Emerging Bond GBP B Hedged
Category:  Other Bond
Category Index: 
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-9.118.111.00-11.90-10.1411.83-6.603.66
+/- Category--------
+/- Category Index--------
% Rank in Category-
Trailing Returns (GBP)02/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.06   --
1 Week0.16   --
1 Month1.22   --
3 Months4.01   --
6 Months-4.26   --
YTD3.92   --
1 Year0.93   --
3 Years Annualised0.04   --
5 Years Annualised1.23   --
10 Years Annualised-1.02   --
 
Category: Other Bond
Category Index: 
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20253.66---
2024-3.39-2.949.43-8.97
20235.262.53-4.828.86
2022-2.41-9.56-5.477.70
2021-9.032.91-3.68-2.30
2020-17.0910.29-0.3910.89
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Category :  Other BondClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev11.78 %
3-Yr Mean Return0.58 %
 
3-Yr Sharpe Ratio-0.29
 
Modern Portfolio Statistics-31/03/2025
 Standard IndexBest Fit Index
   Morningstar EU Cau Gbl Tgt Alloc NR EUR
3-Yr Beta-1.58
3-Yr Alpha-2.81
 
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 215
Maturity Distribution %
1 to 314.54
3 to 524.19
5 to 713.91
7 to 1022.16
10 to 1518.87
15 to 205.50
20 to 300.83
Over 300.00
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: Other Bond
Asset Allocation31/12/2024
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond92.980.8692.12
Property0.000.000.00
Cash105.2097.337.88
Other0.000.000.00
Top 10 Holdings31/12/2024
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings35
Assets in Top 10 Holdings62.52
NameSectorCountry% of Assets
Thailand (Kingdom Of) 2.25%Thailand13.41
Mexico (United Mexican States) 8.5%Mexico10.42
South Africa (Republic of) 8.5%South Africa6.26
United States Treasury BillsUnited States5.54
Czech (Republic of) 1.2%Czech Republic5.18
Poland (Republic of) 2.75%Poland4.97
India (Republic of) 7.26%India4.92
Malaysia (Government Of) 3.844%Malaysia4.30
Indonesia (Republic of) 8.375%Indonesia3.91
Secretaria Do Tesouro Nacional 10%Brazil3.60
 
Increase Decrease New since last portfolio
Category: Other Bond
 
Management
Name of CompanyGAM (Luxembourg) SA
Phone+41 58 426 6000
Websitewww.funds.gam.com
Address25, Grand Rue
 Luxembourg   L-1661
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date29/09/2009
Fund Advisor(s)
GAM International Management Limited
Fund ManagerPaul McNamara
Manager Start Date28/04/2000
 
Biography
Paul McNamara joined in 1997 from the Export Credits Guarantee Department, where he worked in a similar position. Paul holds a CFA and Master's Degree in Economics from the London School of Economics. After completing this in 1991, he spent three years lecturing at the University of Warsaw before returning to the UK to work as a macroeconomist in the Government Economic Service. Paul has 9 years' experience.
Fund ManagerMarkus Heider
Manager Start Date01/09/2023
Fund ManagerMichael Biggs
Manager Start Date01/09/2023
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge3.00%
Max Exit Charge*2.00%
Annual Charges
Max Annual Management Charge1.40%
Ongoing Charge1.95%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes