Based on the popular 80s card game, each week we select an asset class and use FE fundinfo data to compare two funds based on their three-year performance, assets under management, alpha, volatility, ongoing charges and information ratio to decide which is the Top Trump.

This week, the AB Emerging Markets Debt Portfolio fund ties with the T. Rowe Price Emerging Markets Bond fund: 3-3

AB Emerging Markets Debt Portfolio fund

The fund seeks to maximize total returns from a combination of price
appreciation and income by: leveraging its experience in emerging market (EM) debt investing, utilizing fundamental and quantitative research capabilities with a global team of portfolio managers and traders; and by investing predominantly in a diversified basket of EM hard-currency sovereign-debt issues, with opportunistic allocations to EM corporate debt and EM local-currency debt.

Top 10 holdings:

1. Brazil Notas do Tesouro Nacional 10.00%, 01/01/29 – 01/01/31
2. Argentine Republic Govt Intl Bond 4.125%, 07/09/35 – 07/09/46
3. Mexico Govt Intl Bond 6.25%, 08/27/37
4. Colombian TES 7.00%, 03/26/31
5. Angolan Govt Intl Bond 9.875%, 03/31/37
6. Republic of South Africa Govt Bond 8.75%, 02/28/48
7. Ecopetrol SA 8.625%, 01/19/29
8. Ukraine Govt Intl Bond 4.50%, 02/01/29 – 02/01/36
9. Port Of Spain Waterfront Development 7.875%, 02/19/40
10. Serbia International Bond 5.50%, 05/06/36

T. Rowe Price Emerging Markets Bond fund

The fund aims maximise the value of its shares through both growth in the value of, and income from, its investments.

Top 10 holdings:

1. Mexican Bonos 8.5% 01/03/2029
2. Morocco (Kingdom of) 3% NTS 15/12/32 USD200000 144A
3. Czech Republic Government Bond 3% 03/03/2033
4. Czech Republic Government Bond 4.5% 11/11/2032
5. Poland Government Bond 6% 25/10/2033
6. Colombia Titulos de Tesoreria 7% 26/03/2031
7. Panama Government Bond 2.252% 29/09/2032
8. Guatemala Government Bond, 144A 3.7% 07/10/2033
9. Peru Government Bond, Reg S 5.4% 12/08/2034
10. Zhongsheng Group Holdings, Reg S 5.98% 30/01/2028