Objective

Investment objective summary

  • The Fund aims to provide income with the opportunity for capital gains over the long term.
      • The Fund invests primarily (at least two-thirds) in a diversified portfolio of debt securities (e.g. bonds) issued by Emerging Markets Borrowers and related derivatives (financial contracts whose value is linked to the price of a debt security).
      • The Fund promotes environmental and social characteristics by investing in countries and companies considered by the Investment Manager as having policies and initiatives that aim to reduce their harmful effects on, or benefit society and the environment.
      • Total return fund focused on emerging markets with positive ESG dynamics
      Peter Eerdmans
      Portfolio Manager
      Grant Webster
      Portfolio Manager
      Nicolas Jaquier
      Portfolio Manager

      Performance & returns

      Literature

      Portfolio & Holdings

      Date as of 30/04/2026
      Fund
      Index
      AAA
      12.7
      AA
      3.6
      A
      19
      BBB
      31.4
      BB
      20.6
      B
      3
      CCC
      6.3
      C
      D
      Not Rated
      Cash and near cash
      3.4
      *Bond ratings are Ninety One approximations.

      We recommend that you seek independent financial advice to ensure this Fund is suitable for your investment needs.

      All the information contained in this communication is believed to be reliable but may be inaccurate or incomplete. Any opinions stated are honestly held but are not guaranteed and should not be relied upon.

      It is not an invitation to make an investment nor does it constitute an offer for sale. Any decision to invest in the Fund should be made after reviewing the full offering documentation, including the Prospectus, which sets out the fund specific risks. Fund prices and English language copies of the Prospectus, annual and semi-annual Report & Accounts, Articles of Incorporation and where relevant, the local language copies of the Key Investor Information Documents (KIID) and Key Information Documents (KID), may be obtained from www.ninetyone.com.

      Performance data source: © Morningstar, NAV based, (net of fees, excluding initial charges), total return, in the share class dealing currency. Performance would be lower had initial charges been included as an initial charge of up to 5% (10% for S shares) may be applied to your investment. This means that for an investment of $1,000, where the initial charge equals 5%, $950 ($900 for S shares) would actually be invested in the Fund. Returns to individual investors will vary in accordance with their personal tax status and tax domicile.

      PRIIPs Performance scenarios and Risk Profile SRI data source: Broadridge Ireland Limited.

      For a full description of the Morningstar rating for funds, please see the attached guide. A rating is not a recommendation to buy, sell or hold a fund.

      The overall rating for a fund, often called the ‘star rating’, is a third party rating derived from a quantitative methodology that rates funds based on an enhanced Morningstar™ Risk-Adjusted Return measure. ‘Star ratings’ run from 1 star (lowest) to 5 stars (highest) and are reviewed at the end of every calendar month. The various funds are ranked by their Morningstar™ Risk-Adjusted Return scores and relevant stars are assigned. It is important to note that individual shareclasses of each fund are evaluated separately and their ratings may differ depending on the launch date, fees and expenses relevant to the shareclass. In order to achieve a rating the share class of a fund must have a minimum three-year performance track record.

      The portfolio may change significantly over a short period of time. This is not a buy or sell recommendation for any particular security. Figures may not always sum to 100 due to rounding.

      For an explanation of statistical terms, please see our glossary.