The Colchester Local Markets Bond Fund

SINGAPORE

Fund Overview

The Colchester Local Markets Bond Fund aims to generate income and increase the amount invested in a globally diversified portfolio of local currency emerging market government bonds and currencies.

Portfolio characteristics

  • Higher expected return and volatility relative to developed market government bonds
  • Holdings comprised exclusively of sovereign bonds, supranational, government guaranteed issues and currency forwards
  • No interest rate derivatives used such as futures, interest rate swaps or options
  • Potentially less liquidity than developed market government bonds during times of market stress

May be suitable for investors who want

  • Attractive medium to long term capital growth and income
  • Access to local currency emerging market bonds and are comfortable with higher volatility compared to developed bond markets
  • An allocation that may be less volatile than emerging market equities

Potential Benefits for Investors

  • Opportunity to receive higher income distributions and potentially better capital returns relative to developed market bond funds
  • Daily liquidity - Ability to access funds when needed
  • Greater long term growth in investment principal

Why choose Colchester?

  • Access to an experienced manager across the emerging market fixed income space
  • Well-established and stable Investment Team
  • Consistent outperformance over the long term
  • A time-tested process that focuses on the real yield and real FX investment framework

Why choose The Colchester Local Markets Bond Fund?

  • Potentially attractive risk-adjusted returns relative to the peer manager emerging market local currency universe
  • Focus on investing in emerging markets issuers that offer potentially a higher level of liquidity and credit quality within the local currency emerging market opportunity set

Fund Facts

Investment Objective

Unhedged Class – To outperform the benchmark by 2.00% per annum gross of management fees over a full economic cycle of 5 to 7 years in length.


Base Currency Hedged – To outperform the benchmark by 2.00% per annum gross of management fees over a full economic cycle of 5 to 7 years in length.


Hedged Class – To outperform the benchmark by 1.50% per annum gross of management fees over a full economic cycle of 5 to 7 years in length.


Although the Investment Manager will endeavour to meet the investment objective, the Investment Manager cannot guarantee it will be met.

BenchmarkJP Morgan Government Bond Index - Emerging Markets Global Diversified.

The Benchmark will be used for performance measurement purposes and determining certain investment parameters.
PricingDaily
Dealing FrequencyDaily
Minimum Initial Subscription & Minimum HoldingI Shares: US$ 3,000,000 or its equivalent in the relevant Class Currency.
I Premier Shares: US$ 100,000,000 or its equivalent in the relevant Class Currency.
R Shares: US$ 1,000 or its equivalent in the relevant Class Currency.
R Premier Shares: US$ 100,000,000 or its equivalent in the relevant Class Currency.
Management FeeI Shares: 0.75% p.a.
I Premier Shares: 0.45% p.a.
R Shares: 0.85% p.a.
R Premier Shares: 0.45% p.a.

The Total Expense Ratio and Ongoing Costs disclosures for each respective share class may be found in the ‘Fees and Charges’ section on the https://www.fundinfo.com/ website.
Buy/Sell Fee

There is no buy/sell spread as the Fund applies a Swing Pricing Mechanism. Please refer to the section entitled “Swing Pricing Mechanism” in the Prospectus of The Colchester Multi-Strategy Global Bond Fund PLC for more information.


Preliminary Charge

If subscribing through an intermediary that (i) has been appointed by a Distributor and (ii) has been authorised in writing by the Distributor to charge a Preliminary Charge, a Preliminary Charge of up to 5% of the amount of the investment in the Fund may, if permitted by law and regulation, be deducted from the amount payable in respect of the subscription at the discretion of the intermediary. No Preliminary Charge is payable if subscribing directly through the Administrator. None of the Investment Manager, Sub-Investment Manager and the Distributors will charge a Preliminary Charge. Investors using nominee services should note that a separate fee may be payable to the provider of such nominee services. The Net Asset Value payable for any Shares shall be exclusive of any Preliminary Charge. The Preliminary Charge is applicable to the R and R Premier Shares but is not charged to the I Shares.


Switch Charge

A Switch Charge may be imposed which may not exceed 1% of the subscription price for the total number of Shares in the Fund being switched. The Switch Charge, if any, will be deducted at the time of such exchange and paid to the distributors or intermediaries in respect of Shares acquired through them. The Net Asset Value payable for any Shares is exclusive of any Switch Charge. The Switch Charge is applicable to the R and R Premier Shares but is not charged to the I Shares.

Performance FeeNone

*The Fund’s investments in below Investment Grade securities may be up to 30% above the exposure of the benchmark weight. When a security has a split rating between Standard & Poor’s, Fitch or Moody’s the higher of the three ratings will apply. When the security is rated by only two of the three agencies, the higher of the two ratings shall apply. When it is rated by only one agency, that rating shall apply.


Fund Classes**

SharesCurrencyShare Class TypeISINBloomberg CodeInception DateShare Class Details
IUSD UnhedgedAccumulationIE00BQZJ1775CGIEMDA ID15/03/2013View More
IEUR UnhedgedAccumulation IE00BQZJ1999CLMBEUA ID29/08/2016View More
IEUR HedgedAccumulation IE00BQZJ1B15COLLEHI ID10/12/2018View More
ICAD HedgedAccumulation IE00BD1RPV62COLMPCH ID26/05/2017View More
IGBP UnhedgedAccumulationIE00BGSXT163COLLMGI ID10/12/2018View More
IGBP UnhedgedDistributionIE00BHXDCX13COLLIGD ID14/01/2019View More
IGBP HedgedDistributionIE00BDZD4T13CLMRRGB ID26/03/2018View More
IEUR UnhedgedDistributionIE00BD3RJJ07CLMBEUD ID02/05/2018View More
ICAD UnhedgedAccumulation IE00BD1RPT41COLMOCU ID26/05/2017View More
I PremierEUR Unhedged Accumulation IE000LU65NF0COLMBEA ID14/07/2021View More
REUR HedgedDistributionIE00BHJYG926COLMEHR ID03/12/2018View More
RGBP HedgedDistributionIE00BGP9HJ12COLMGHR ID03/12/2018View More
RUSD UnhedgedAccumulationIE00BJLJZS19COGLRUA ID19/06/2019View More
RGBP Unhedged AccumulationIE00BJLJZR02COGLGRB ID19/06/2019View More
R PremierEUR Base Currency HedgedDistributionIE00BJP0V592COLLEDR25/04/2019View More
R PremierGBP Base Currency HedgedDistributionIE00BJP0V378COLLGDR05/04/2019View More
R PremierUSD Unhedged AccumulationIE00BL0BLX90THLMBUR ID01/04/2020View More
SharesCurrencyShare Class TypeISINBloomberg CodeInception DateShare Class Details
IUSD UnhedgedAccumulationIE00BQZJ1775CGIEMDA ID15/03/2013View More
IEUR UnhedgedAccumulation IE00BQZJ1999CLMBEUA ID29/08/2016View More
IEUR HedgedAccumulation IE00BQZJ1B15COLLEHI ID10/12/2018View More
ICAD HedgedAccumulation IE00BD1RPV62COLMPCH ID26/05/2017View More
IGBP UnhedgedAccumulationIE00BGSXT163COLLMGI ID10/12/2018View More
IGBP UnhedgedDistributionIE00BHXDCX13COLLIGD ID14/01/2019View More
IGBP HedgedDistributionIE00BDZD4T13CLMRRGB ID26/03/2018View More
IEUR UnhedgedDistributionIE00BD3RJJ07CLMBEUD ID02/05/2018View More
ICAD UnhedgedAccumulation IE00BD1RPT41COLMOCU ID26/05/2017View More
I PremierEUR Unhedged Accumulation IE000LU65NF0COLMBEA ID14/07/2021View More
REUR HedgedDistributionIE00BHJYG926COLMEHR ID03/12/2018View More
RGBP HedgedDistributionIE00BGP9HJ12COLMGHR ID03/12/2018View More
RUSD UnhedgedAccumulationIE00BJLJZS19COGLRUA ID19/06/2019View More
RGBP Unhedged AccumulationIE00BJLJZR02COGLGRB ID19/06/2019View More
R PremierEUR Base Currency HedgedDistributionIE00BJP0V592COLLEDR25/04/2019View More
R PremierGBP Base Currency HedgedDistributionIE00BJP0V378COLLGDR05/04/2019View More
R PremierUSD Unhedged AccumulationIE00BL0BLX90THLMBUR ID01/04/2020View More

**Investors should note that only certain Classes of Shares may have funded and be available for subscription. Investors should contact UCITSTA@colchesterglobal.com if they wish to invest in a class of a Fund not listed here in order to determine whether it is available for subscription.



GBP Unhedged Accumulation Class - I Shares (ISIN: IE00BGSXT163)*


*All data is net of fees. Investors should note that only certain Classes of Shares may have funded and be available for subscription. Investors should contact UCITSTA@colchesterglobal.com if they wish to invest in a class of a Fund not listed here in order to determine whether it is available for subscription.



*Investors should note that only certain Classes of Shares may have funded and be available for subscription. Investors should contact UCITSTA@colchesterglobal.com if they wish to invest in a class of a Fund not listed here in order to determine whether it is available for subscription.


Download current Factsheet*

*Investors should note that only certain Classes of Shares may have funded and be available for subscription. Investors should contact UCITSTA@colchesterglobal.com if they wish to invest in a class of a Fund not listed here in order to determine whether it is available for subscription.

By submitting this request, you confirm that you are an institutional investor or financial intermediary and are categorised as a “professional investor” as defined in Section 2 of the Alternative Investment Fund Managers Regulations 2013 and Annex II to the Markets in Financial Instruments Directive 2004/39/EC.

Contact us for past fund factsheets

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If you have any questions relating to our UCITS funds, performance or holdings or you are representing a new investor wishing to make an initial subscription into our UCITS funds, please contact your usual contact at Colchester Global Investors Limited or email:
UCITSTA@colchesterglobal.com


For all administrative matters relating to our UCITS funds, please contact Northern Trust at colchesterglobal@ntrs.com or via fax at +353 1 542 2902 or via phone on +353 1 434 5110. Northern Trust are responsible for all shareholder transactions (subscriptions, redemptions, switches and transfers), registration amendments and changes to authorised parties, delivery of statements, audit requests and responding to NAV and performance reporting queries.