LU2879841547
Emerging Markets Frontier Debt Fund
Why Consider This Fund?
Approach
- Features a blended portfolio of debt instruments, denominated in both local currencies and major currencies, sourced from sovereign and corporate issuers in emerging market frontier countries
- Combines rigorous bottom-up research with top-down analysis to better identify investment opportunities
- The Fund is classified as a financial product under Article 8 of the EU Sustainable Finance Disclosure Regulation. The Fund promotes environmental or social characteristics but does not have a sustainable investment objective
Risk Considerations
- The value of shares and any income from them can increase or decrease and an investor may not get back the amount originally invested
- Where investments are made in currencies other than an investor’s base currency, the value of those investments will be affected (favourably or unfavourably) by movements in exchange rates
- Investing in the bond market is subject to certain risks including market, interest rate, issuer, credit, and inflation risk. These risks may be enhanced in below investment grade securities
- Frontier markets or developing countries may face more political, economic or structural challenges than developed countries and investments in these countries are subject to greater risks
Fund Facts
OTHER VEHICLES:
| Fund Facts | As of 31.10.2025 |
|---|---|
| Total Net Assets ($Million) | $6 |
| Number of Holdings | 71 |
| Inception Date | 24.02.2025 |
| Ongoing Charge Figure* | 0.20% |
| ISIN | LU2879841547 |
| SEDOL | BSFW352 |
| Bloomberg | WLMEMZU LX |
| Valoren Number | 137481231 |
| WKN Number | A40LVK |
| Lipper | 68822493 |
*The ongoing charge figure (OCF), is the charge you’ll pay over a year for as long as you hold your investment. The OCF for a fund is quoted on the 'Key Investor Information' document and relates to the costs of running the fund.
Performance
RETURN:As of 31.10.2025 | |||
| Fund | Inception | Month | Since Inception |
|---|---|---|---|
| Emerging Markets Frontier Debt Fund Class Z (USD) | 24.02.2025 | 2.13% | 14.85% |
Past performance is not necessarily a guide to future performance. Returns for periods of one year or more are annualized. All charges and fees, except any entry, exit and switching charge, have been taken into account in calculating the Fund’s performance. Returns for other share classes will differ from those shown above. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Levels and bases for taxation may change.
No applicable benchmark exists for this fund. Therefore, no benchmark is presented.
Portfolio Characteristics
As of 31.10.2025
| Portfolio Composition | |
|---|---|
| Duration (years) | 3.64 |
| Yield To Maturity | 12.11% |
| % of Exposure | |
| 36.64% |
| 63.36% |
| Top 10 Countries Fund Allocations | |||||
|---|---|---|---|---|---|
| Hard Currency | % of Fund | Local Currency | % of Fund | Total | % of Fund |
| Angola | 3.38% | Eswatini | 4.06% | Zambia | 4.30% |
| El Salvador | 2.69% | Uruguay | 3.99% | Eswatini | 4.06% |
| Gabon | 2.66% | Egypt | 3.84% | Uruguay | 3.99% |
| Argentina | 2.55% | Nigeria | 3.80% | Sri Lanka | 3.92% |
| Benin | 1.86% | Uzbekistan | 3.75% | Egypt | 3.84% |
| North Macedonia | 1.84% | Serbia | 3.32% | Nigeria | 3.80% |
| Cote d'Ivoire | 1.79% | Uganda | 3.31% | Uzbekistan | 3.75% |
| Suriname | 1.71% | Dominican Republic | 2.86% | Angola | 3.38% |
| Paraguay | 1.51% | Zambia | 2.80% | Serbia | 3.32% |
| Zambia | 1.50% | Sri Lanka | 2.66% | Uganda | 3.31% |
Portfolio Allocations
| Years | Hard Currency | Local Currency | Total |
|---|---|---|---|
| Less than 1 year | 0.8% | 9.1% | 9.9% |
| 1 - 3 years | 6.0% | 16.9% | 22.9% |
| 3 - 5 years | 5.4% | 7.5% | 13.0% |
| 5 - 7 years | 4.6% | 9.4% | 14.0% |
| 7 - 10 years | 9.7% | 7.7% | 17.4% |
| 10 - 15 years | 3.4% | 10.9% | 14.2% |
| 15+ years | 6.6% | 2.0% | 8.6% |
| Hard Currency | Local Currency | Total | |
|---|---|---|---|
| EM Mkt Sovereign | 28.3% | 49.8% | 78.1% |
| Cash | 12.8% | 0.3% | 13.0% |
| EM Mkt Quasi Sovereign | 3.4% | 3.8% | 7.1% |
| Em Mkt Supranational | 0.0% | 1.8% | 1.8% |
| FX Forwards | 0.0% | 7.8% | 7.8% |
Sector breakdown includes derivatives.
| Years | Hard Currency | Local Currency | Total |
|---|---|---|---|
| Less than 1 year | 2.5% | 16.5% | 19.0% |
| 1 - 3 years | 8.3% | 17.7% | 26.0% |
| 3 - 5 years | 9.7% | 11.7% | 21.4% |
| 5 - 7 years | 8.4% | 16.7% | 25.1% |
| 7 - 10 years | 2.7% | 1.0% | 3.7% |
| 10 - 15 years | 4.2% | 0.0% | 4.2% |
| 15+ years | 0.7% | 0.0% | 0.7% |
Management
Head of the Emerging Markets Debt Team, Portfolio Manager
Tenure with William Blair:Since
2020
Fund Literature
| Fund Literature | |
|---|---|
| Class Z (USD) Fact Sheet | |
| Commentary | |
| Holdings | |
| 5 Reasons to Consider EM Debt in a Tariff-Driven World | |
| Why Consider Frontier Markets? | |
| Why Emerging Markets Debt Now? |
Any investment or strategy mentioned herein may not be appropriate for every investor. There can be no assurance that investment objectives will be met. Products and services listed are available only to residents of this jurisdiction and may only be available to certain categories of investors. The information on this website does not constitute an offer for products or services, or a solicitation of an offer to any persons outside of this jurisdiction who are prohibited from receiving such information under applicable laws and regulations. Nothing on this webpage should be construed as advice and is therefore not a recommendation to buy or sell shares.
Please carefully consider the investment objectives, risks, charges, and expenses of the William Blair SICAV. This and other important information is contained in the prospectus and Key Investor Information Document. Read these documents carefully before investing. The information contained on this website is not a substitute for those documents or for professional external advice.
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For definitions and explanations of technical terms used on this website, please refer to the Glossary.
This webpage is a marketing communication. Please refer to the Prospectus, the Annual Report and to the KIID/KID in the Fund Literature section above, before making any final investment decisions.
The William Blair SICAV is a Luxembourg investment company with variable capital registered with the Commission de Surveillance du Secteur Financier (“CSSF”) which qualifies as an undertaking for collective investment in transferable securities (“UCITS”). The Management Company of the SICAV has appointed William Blair Investment Management, LLC as the investment manager for the fund. Additional information can be found under the Terms of Use.
Issued in the European Economic Area (EEA) by William Blair B.V., authorized and supervised by the Dutch Authority for the Financial Markets (AFM) under license number 14006134 and also supervised by the Dutch Central Bank (DNB), registered at the Dutch Chamber of Commerce under number 82375682 and has its statutory seat in Amsterdam, the Netherlands. This material is only intended for eligible counterparties and professional clients.
This fund is not available to Taiwanese investors.