Morningstar Fund Report  | 11/04/2025Print

Schroder International Selection Fund Emerging Markets Local Currency Bond I Accumulation USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Schroder International Selection Fund Emerging Markets Local Currency Bond I Accumulation USD
Fund-3.09.1-1.61.0
+/-Cat-1.52.60.00.0
+/-B’mrk----1.90.1
 
Category: Global Emerging Markets Bond - Local Currency
Category Benchmark: Morningstar EM Govt Bd LCCY...
Key Stats
NAV
10/04/2025		 USD 107.13
Day Change -0.50%
Morningstar Category™ Global Emerging Markets Bond - Local Currency
ISIN LU2405335451
Fund Size (Mil)
10/04/2025		 USD 234.10
Share Class Size (Mil)
10/04/2025		 USD 228.47
Max Initial Charge -
Ongoing Charge
26/03/2025		  0.10%
Investment Objective: Schroder International Selection Fund Emerging Markets Local Currency Bond I Accumulation USD
The Fund aims to provide capital growth and income in excess of the JP Morgan GBI-EM Global Diversified index after fees have been deducted over a three to five year period by investing in fixed and floating rate securities denominated in local currencies issued by emerging markets governments, government agencies, supranationals and companies.
Returns
Trailing Returns (GBP)10/04/2025
YTD-0.01
3 Years Annualised3.86
5 Years Annualised-
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Guillermo Besaccia
02/12/2021
Nicholas Brown
02/12/2021
Click here to see others
Inception Date
02/12/2021

Category Benchmark
Fund BenchmarkMorningstar Benchmark
JPM GBI-EM Global Diversified TR EURMorningstar EM Govt Bd LCCY GR USD
Portfolio Profile for  Schroder International Selection Fund Emerging Markets Local Currency Bond I Accumulation USD31/03/2025
Fixed Income
Effective Maturity8.12
Effective Duration6.08
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond92.830.0092.83
Property0.000.000.00
Cash50.0045.014.99
Other0.000.000.00
Growth Of 1000 (GBP) 31/03/2025
Fund:  Schroder International Selection Fund Emerging Markets Local Currency Bond I Accumulation USD
Category:  Global Emerging Markets Bond - Local Currency
Category Index:  Morningstar EM Govt Bd LCCY GR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 20222023202431/03
Price Return2.999.11-1.561.01
+/- Category1.502.630.01-0.03
+/- Category Index---1.870.13
% Rank in Category28114052
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.50   -0.110.09
1 Week-0.16   0.280.08
1 Month-1.68   -0.50-0.96
3 Months-1.93   -0.32-0.46
6 Months-0.68   -0.37-1.47
YTD-0.01   -0.44-0.37
1 Year-0.62   -0.14-2.06
3 Years Annualised3.86   0.520.60
5 Years Annualised-   --
10 Years Annualised-   --
 
Category: Global Emerging Markets Bond - Local Currency
Category Index: Morningstar EM Govt Bd LCCY GR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.01---
2024-1.71-1.482.80-1.11
20232.541.660.104.57
2022-1.64-0.786.45-0.86
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageBelow Average4 star
5-Year--Not Rated
10-Year--Not Rated
OverallAbove AverageBelow Average4 star
 
Category :  Global Emerging Markets Bond - Local CurrencyClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev5.89 %
3-Yr Mean Return4.52 %
 
3-Yr Sharpe Ratio0.07
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM Govt Bd LCCY GR USD  Morningstar EM Govt Bd LCCY GR USD
3-Yr Beta1.011.01
3-Yr Alpha0.920.92
 
Fixed Income Style31/03/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 235
Maturity Distribution %
1 to 34.83
3 to 56.61
5 to 717.17
7 to 1036.93
10 to 1521.48
15 to 206.56
20 to 303.81
Over 300.00
Effective Maturity8.12
Effective Duration6.08
Credit Quality Breakdown %     %
AAA7.64   BB16.82
AA8.38   B3.27
A21.99   Below B0.00
BBB40.43   Not Rated1.46
 
Category: Global Emerging Markets Bond - Local Currency
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond92.830.0092.83
Property0.000.000.00
Cash50.0045.014.99
Other0.000.000.00
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings77
Assets in Top 10 Holdings32.97
NameSectorCountry% of Assets
Schroder China Fixed Income I Acc CNHHong Kong5.77
Thailand (Kingdom Of) 3.35%Thailand3.78
Malaysia (Government Of) 3.828%Malaysia3.41
South Africa (Republic of) 8.875%South Africa3.33
South Africa (Republic of) 8.5%South Africa3.10
Poland (Republic of) 1.25%Poland2.90
Secretaria Do Tesouro Nacional 10%Brazil2.86
Secretaria Do Tesouro Nacional 10%Brazil2.84
Mexico (United Mexican States) 7.75%Mexico2.53
United States Treasury Bills 0%United States2.45
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets Bond - Local Currency
 
Management
Name of CompanySchroder Investment Management (Europe) S.A.
Phone+352 341 342 202
Websitewww.schroders.com
Address5, rue Höhenhof
 Luxembourg   L-1736
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date02/12/2021
Fund Advisor(s)
Schroder Investment Management Limited
Fund ManagerGuillermo Besaccia
Manager Start Date02/12/2021
 
Biography
Mr. Besaccia is an Emerging Markets Debt Research Analyst and Portfolio Manager at the Schroders organization. He has been an employee of the Schroders organization since 1998.
Fund ManagerNicholas Brown
Manager Start Date02/12/2021
Career Start Year1995
 
Biography
Fund Manager for Emerging Markets Debt Absolute Return, Global Managed Currency and Wealth Preservation. Joined Schroders in 1998 and is responsible for Central and Eastern European country analysis and selection. Investment career commenced in 1995 when he joined Garban Gilts.
Fund ManagerKieran Bundhun
Manager Start Date02/12/2021
 
Biography
– Fund Manager at Schroders, which involves being responsible for Emerging Markets Debt Absolute Return and related strategies – He joined Schroders in 2013 and is based in London – From 2013 to 2017, Kieran was an Economist and Strategist at Schroders, after joining on the graduate scheme. Between 2015 to 2017 he worked in the multi asset team setting up emerging market multi asset strategies – Prior to joining Schroders, Kieran was a junior analyst at Talisman Global Asset Management – Qualifications: CFA Charterholder; BSc in Economics (Hons) from Leeds University.
Fund ManagerAbdallah Guezour
Manager Start Date02/12/2021
Education
French Business School, Diploma
 
Biography
Abdallah Guezour is the Head of EMD AR, Commodities and Wealth Preservation Group at Schroders, which involves leading the Emerging Markets Debt Absolute Return and Commodities group. Abdallah is responsible for Asia within the Emerging Market Debt Absolute Return team. He is also in charge of creating and maintaining quantitative risk and valuation models. He joined Schroders in 2000 and is based in London. Abdallah was an Emerging Market Debt Fund Manager at Fortis Investment Management from 1998 to 2000, which involved managing Emerging Market Debt portfolios and was based in Paris. Qualifications: Diploma in Finance from French Business school.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Chargen/a
Ongoing Charge0.10%
Purchase Details
Minimum Investments
Initial5000000  USD
Additional2500000  USD
Savings-
Tax Free Savings Schemes
ISAsNo