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American Century Emerging Markets Debt Total Return Fund – a sub-fund of Nomura Funds Ireland

The American Century Emerging Markets Debt Total Return strategy seeks to deliver returns similar to the broad emerging markets debt indices while targeting 50% to 75% of their volatility over a full market cycle, while placing particular emphasis on limiting drawdowns.

Investment Approach

The strategy seeks to deliver most of the upside of emerging markets debt, with 50% – 75% of the risk over a full market cycle.

We believe:

  • Misunderstood and mispriced risks within emerging markets debt create inefficiencies and anomalies that can be exploited.
  • An active, research-driven, bottom-up approach to evaluate countries and companies, combined with robust macro and thematic analysis is the best way to exploit these inefficiencies.
  • A disciplined valuation framework focused on relative value is critical in pricing fundamental risks appropriately.
  • Focus on rigorous risk budgeting and continuous stress testing are integral to achieving strong and consistent risk-adjusted results.
  • Diversified sources of return through active positions in duration, yield curve, country allocation, sector allocation, currency allocation and security selection help generate a more consistent return profile.
Potential significant risks

Factors affecting the performance of American Century Emerging Market Debt Total Return Fund include: emerging market risk, frontier emerging market risk, market risk, currency risk, growth stocks risk, operational risk, risks associated with nonrecognition of ring-fencing in certain jurisdictions, currency risk, risks relating to hedged classes of shares, risks relating to the application of a dilution levy, risks relating to investment in equity securities, risks relating to securities lending, risks relating to collateral management, risks relating to investment in emerging markets, including country allocation risks, settlement risk and operating expenses. The fund may have increased credit risk as a result of investing in high-yield debt securities including junk bonds. Risks related to investments in derivatives include market risk, management risk, credit risk, counterparty risk, liquidity risk, operational risk, leverage risk and lack of availability. The use of financial derivatives instruments can involve significant risk of loss.

For additional strategy information, please visit the American Century Investments® website. (Please note that the link will access a website for contents of which we take no responsibility and to which our data protection rules do not apply.)

To learn about our strategic relationship with American Century Investments, please visit our Strategic Partnership page.

Investment Objective

The investment objective of the Sub-Fund is to generate a total return through investing primarily in Debt and Debt-Related Securities and derivative instruments that are economically tied to Index Countries.

Fund Size

USD 90.3 million (as at 30.09.2021)

Investment Company

Nomura Asset Management U.K. Ltd.

Fund Managers

 

Alessandra Alecci, Portfolio Manager and Senior Sovereign Analyst, American Century Investments

John Lovito, Co-Chief Investment Officer – Global Fixed Income, American Century Investments

Thomas Youn, Portfolio Manager and Senior Corporate Analyst, American Century Investments

Rajat Ahuja, Portfolio Manager and Senior Sovereign Analyst, American Century Investments

Launch Date

02.08.2019 / 06.06.2017

(This fund was launched on the 2nd August 2019 as a result of the merger of the American Century SICAV with Nomura Funds Ireland plc. The launch date (06.06.2017) refers to the launch date of the original fund, and historical performance relates to the combined track records.)

Base Currency

USD

Universe Sector

Morningstar Universe: Global Emerging Markets Bond

Domicile

Ireland (Nomura Funds Ireland Plc)

Lead ISINs

I USD: IE00BHHFKT58

A USD: IE00BJLNCH13

F USD: IE00BJLNCL58

For additional share class information, please contact us.

 

Fund Monthly Factsheet Fund Snapshot Commentary
Class I USD
Class A USD

For a full list of available share class documents including KIIDs, please visit our fund documents page.

The lead share class fund literature is shown first in the above list. If any literature is not available in the above list for the share class you are invested in/interested in, please contact NAMupdates@nomura-asset.eu

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Important Disclosures 

 

Institutional Investor

Financial Adviser

Private Investor