AMMVX: Aegon Emerging Markets Debt Fund

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AMMVX Aegon Emerging Markets Debt Fund


Profile

AMMVX - Profile

Vitals

  • YTD Return -9.3%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $41.2 M
  • Holdings in Top 10 24.8%

52 WEEK LOW AND HIGH

$9.21
$8.08
$10.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.29%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging Markets Bond

Distributions

  • YTD Total Return -9.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.10%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Aegon Emerging Markets Debt Fund
  • Fund Family Name
    Aegon Asset Management US
  • Inception Date
    Jun 14, 2019
  • Shares Outstanding
    23438
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Phillip Torres

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in emerging markets debt securities and other instruments, including derivatives and exchange-traded funds ("ETFs"), with economic characteristics similar to such securities. It may also utilize derivatives, principally options, futures contracts, forward contracts and swap agreements, to gain or hedge (i.e., offset) exposure to securities, markets, currencies, or other instruments.


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Categories

Performance

AMMVX - Performance

Return Ranking - Trailing

Period AMMVX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.3% -12.4% 6.4% 95.10%
1 Yr N/A -14.1% 5.6% N/A
3 Yr N/A* -8.2% 4.7% N/A
5 Yr N/A* -7.7% 20.7% N/A
10 Yr N/A* -4.2% 11.2% N/A

* Annualized

Return Ranking - Calendar

Period AMMVX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -6.5% 9.4% N/A
2018 N/A -18.5% 3.1% N/A
2017 N/A 0.1% 10.8% N/A
2016 N/A -12.3% 219.0% N/A
2015 N/A -18.8% -0.5% N/A

Total Return Ranking - Trailing

Period AMMVX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.3% -12.4% 6.4% 95.10%
1 Yr N/A -14.1% 5.6% N/A
3 Yr N/A* -6.5% 4.7% N/A
5 Yr N/A* -7.5% 26.3% N/A
10 Yr N/A* -4.2% 19.1% N/A

* Annualized

Total Return Ranking - Calendar

Period AMMVX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -6.5% 9.4% N/A
2018 N/A -18.5% 3.1% N/A
2017 N/A 0.1% 12.8% N/A
2016 N/A -12.3% 242.1% N/A
2015 N/A -18.8% 7.1% N/A

NAV & Total Return History


Holdings

AMMVX - Holdings

Concentration Analysis

AMMVX Category Low Category High AMMVX % Rank
Net Assets 41.2 M 6.28 M 141 B 83.65%
Number of Holdings 123 5 5601 80.77%
Net Assets in Top 10 11.5 M 2.12 M 10 B 78.85%
Weighting of Top 10 24.80% 7.2% 99.9% 39.18%

Top 10 Holdings

  1. United States Treasury Notes 1.62% 4.20%
  2. BNTNF 10 01/01/27 3.32%
  3. Indonesia (Republic of) 6.62% 2.58%
  4. State of Qatar 4.5% 2.47%
  5. Sinopec Group Overseas Development (2015) Limited 4.1% 2.36%
  6. RZD Capital Plc 8.8% 2.29%
  7. Indonesia (Republic of) 4.1% 2.10%
  8. Democratic Socialist Republic of Sri Lanka 6.85% 1.85%
  9. Alrosa Finance S.A. 4.65% 1.84%
  10. JSC National Company KazMunayGas 5.75% 1.80%

Asset Allocation

Weighting Return Low Return High AMMVX % Rank
Bonds
95.03% 80.33% 658.72% 28.85%
Cash
3.24% -636.22% 19.16% 76.92%
Convertible Bonds
1.73% 0.00% 37.66% 3.85%
Stocks
0.00% -4.22% 74.54% 51.92%
Preferred Stocks
0.00% 0.00% 0.08% 32.69%
Other
0.00% -14.32% 2.95% 35.58%

Bond Sector Breakdown

Weighting Return Low Return High AMMVX % Rank
Government
67.99% 7.08% 79.69% 41.35%
Corporate
28.76% 0.00% 89.40% 32.69%
Cash & Equivalents
3.24% 0.53% 50.74% 72.12%
Derivative
0.00% 0.00% 67.94% 73.08%
Securitized
0.00% 0.00% 6.03% 53.85%
Municipal
0.00% 0.00% 0.00% 30.77%

Bond Geographic Breakdown

Weighting Return Low Return High AMMVX % Rank
Non US
90.55% 67.75% 586.99% 39.42%
US
4.48% -0.53% 71.73% 54.81%

Expenses

AMMVX - Expenses

Operational Fees

AMMVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.29% 0.01% 43.49% 16.00%
Management Fee 0.65% 0.00% 1.64% 60.58%
12b-1 Fee 0.25% 0.00% 1.00% 36.96%
Administrative Fee N/A 0.03% 0.45% N/A

Sales Fees

AMMVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

AMMVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AMMVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 129.00% 16.88%

Distributions

AMMVX - Distributions

Dividend Yield Analysis

AMMVX Category Low Category High AMMVX % Rank
Dividend Yield 0.47% 0.00% 1.01% 3.85%

Dividend Distribution Analysis

AMMVX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Monthly

Net Income Ratio Analysis

AMMVX Category Low Category High AMMVX % Rank
Net Income Ratio 4.10% -0.78% 6.35% 36.63%

Capital Gain Distribution Analysis

AMMVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

AMMVX - Fund Manager Analysis

Managers

Phillip Torres


Start Date

Tenure

Tenure Rank

Jun 14, 2019

0.88

0.9%

Phil Torres is global co-head of emerging markets and director of emerging markets research responsible for the portfolio management of Emerging Market strategies and overseeing the Emerging Markets Research team. Prior to his current role, Phil was the founding partner and co-portfolio manager of the Harbert Macro Fund, an emerging markets global macro hedge fund. Prior to that, Phil worked as a portfolio manager at UBS Asset Management, JBS USA, Vara Capital Management and Ritchie Capital Management. He has 24 years of industry experience and has been with the firm since 2016. Phil received his BA from Tufts University and his MBA from the University of Chicago.

Brian Westhoff


Start Date

Tenure

Tenure Rank

Jun 14, 2019

0.88

0.9%

Brian Westhoff, CFA, Head of Multi-Sector Portfolio Management & Strategy. Joined Aegon in 2003. Bachelor of Science in business administration from Drake University and MBA from Thunderbird School of Global Management. Industry start date: 2001. Brian is a Portfolio Manager for core-plus fixed income and corporate strategies, and manages core-plus fixed income.

Sarvjeev Sidhu


Start Date

Tenure

Tenure Rank

Jun 14, 2019

0.88

0.9%

Sarvjeev Sidhu, CFA, is global co-head of emerging markets and has been a portfolio manager for dedicated Emerging Markets fixed income strategies since 1999. He is responsible for team management of international fixed income portfolios investing primarily in emerging market debt and local markets. Prior to his current role, Sarvjeev was an emerging markets debt portfolio manager at Lincoln National Investment Management. He has 28 years of industry experience and has been with the firm since 1999. Sarvjeev received his BS from Birla Institute of Technology and his MBA and MPA from Indiana University. He is a CFA® charterholder.

Jeffrey Grills


Start Date

Tenure

Tenure Rank

Nov 22, 2019

0.44

0.4%

Jeffrey J. Grills, Head of Emerging Markets Debt. Prior to joining Aegon USA Investment Management, LLC in 2019, Mr. Grills was a partner at Gramercy Funds Management and a senior portfolio manager for emerging markets strategies. He was also a senior member of the Credit Investment Committee responsible for overseeing investments in all credit-related strategies. Prior to joining Gramercy Funds Management in 2010, Mr. Grills was a portfolio manager and co-head of the Emerging Market Debt team at JPMorgan Asset Management. Jeffrey J. Grills is a portfolio manager and co-head of the Emerging Markets Debt Team. Jeff, along with co-head Gunter Heiland, oversees all investment functions for EMD within J.P. Morgan Asset Management globally and focuses on the risk management and portfolio construction across EMD strategies. An employee since 1993, he spent two years with the Structured Derivatives Group before moving to the Fixed Income Group. Prior to his current role, Jeff served as an analyst in the Quantitative Research Group focusing on portfolio construction and risk analysis before transitioning to a portfolio manager role for the Global Extend Markets (GEM). Jeffrey holds a B.S. in mathematics and economics from Duke University and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 26.39 6.27 26.39