Ninety One Emerging Markets Local Currency Total Return Debt Fund
Ninety One Emerging Markets Local Currency Total Return Debt Fund is an active bond fund from Ninety One, ISIN LU1194085475.
Active
Bond
Global
Fund size (GBP) £448.0M
The Fund aims to provide income with the opportunity for capital growth (i.e. to grow the value of your investment) over the long-term. The Fund is actively managed and invests primarily in a diversified portfolio of debt securities (e.g. bonds) issued by Emerging Markets Borrowers and derivatives (financial contracts whose value is linked to the price of a debt security) which offer exposure to such debt securities.
How the fund has returned, and where it ranks among peers. Returns to Sep 2026 end, GBP net total return.
+6.3%Q2
1 year return
+17.5%Q2
3 year return
+13.9%Q3
5 year return
Chart type
Compare with
Show
Daily NAV, percent change from the start of the range. Source: FE fundinfo.
1 month−0.4%
3 months−1.5%
Volatility, 3 years6.6%
Ongoing charge (OCF)
Fund size (GBP)£448.0M
What the fund holds
Where the money is: sectors, countries and largest holdings. As supplied by FE fundinfo, last updated 7 Oct 2026. Swipe or use the arrows for more panels.
By sector
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 7 Oct 2026.
Emerging Market Local Currency Debt91.8%
Cash5.8%
Emerging Market Index Linked1.4%
See all sectorsA free account shows the full list.
By country
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 7 Oct 2026.
Latin America37.3%
Asia26.2%
Eastern Europe, Middle East & Africa10.6%
See all countriesA free account shows the full list.
By asset class
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 7 Oct 2026.
American Emerging Fixed Interest37.3%
Asia Pacific Fixed Interest26.2%
Global Fixed Interest14.8%
See all asset classesA free account shows the full list.
Largest holdings
The biggest positions, and how concentrated the fund is. As supplied by FE fundinfo, last updated 7 Oct 2026.
4. PHILIPPINES(REP OF 6.375% BDS 27/07/2030PHP3.5%
5. SOUTH AFRICA(REPUBLIC OF) 9% MUN BD 31/01/40 ZAR1 13.4%
See all holdingsA free account shows the full list.
Macro events and this fund
Recent events linked to this fund by its country and sector exposure, and how it moved after. A measured move, not a cause.
Performance, risk and facts
Judge return, risk and cost before a client conversation. Relative return uses the chart's time range. Facts as reported by the manager.
Against its benchmark
How the fund compares with its benchmark over the same period.
Risk
How bumpy the ride has been, plus the regulatory risk rating.
Volatility, 3 years6.6%
Scale 0 to 40%
Sharpe ratio, 3 years (FE)0.48
Scale −1 to 3
Largest fall from a peak (maximum drawdown), 3 years
−5.8%
Volatility and maximum drawdown: calculated by Funds Benchmark, as at 30 Sep 2026.
Sharpe, alpha, beta: FE fundinfo, as at 7 Jul 2026.
Regulatory risk rating (SRRI)4 of 7
Fund facts
Legal and cost facts for a client note. As reported by the manager.
ISIN
LU1194085475
Fund manager
de Klerk, Roux, Gey van Pittius
Management company
Ninety One Luxembourg S.A.
Depositary
State Street Bank International GmbH, Luxembourg Branch
Benchmark
JP Morgan GBI-EM Global Diversified (Net of Tax Return) (JP Morgan GBI-EM Global Diversified Index prior to 14/12/2023). The current benchmark is shown since inception.
Ongoing charge
Share class launch date
27 Feb 2015
Domicile
LU
Fund type
open-ended fund
SRRI
4 of 7
What a sum would have become
What an amount would have grown to over the period.
n/a
Past performance is not a reliable guide to future returns. Capital is at risk. Source: FE fundinfo. Returns are GBP net total return to month end unless stated. Headline returns to Sep 2026. Fund size is shown in GBP.
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