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UBS (Lux) Bond Fund - EUR P-2%-qdist
ISIN no.:  LU1669358142
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Overview  
Category profile
UBS Flexible Fixed Income Funds are actively managed and broadly diversified portfolios that offer investors the opportunity to invest flexibly and actively in a wide range of bond classes in order to achieve an attractive performance in the medium term.

Fund description
The fund invests primarily in euro-denominated bonds from issuers with high creditworthiness (classified as investment grade by the established rating agencies). The fund may also invest to a limited extent in non-euro, emerging market and high yield bonds. The portfolio has an average credit quality of investment grade.
The fund takes active positions in interest rates, credit and currencies using bonds and derivatives. The fund manager combines a mix of carefully selected issuers and bonds across a range of maturities and if desired in various currencies with the aim of exploiting attractive return opportunities while maintaining risk control.
This share class distributes a constant percentage share of the NAV, not a constant amount.
This share class is designed for investors who want to profit from performance opportunities on the financial markets and at the same time wish more stable distributions at a specific percentage level to cover recurring liquidity needs.
As the distributions are substantial, this share class is not designed for investors who want to build wealth. The latter may prefer the accumulating share class.
This share class must not be seen as an alternative to a savings account or fixed-interest paying investments.
The percentage distribution rate of this share class is unrelated to the interest or other income generated in the fund. The distribution is a percentage payment of the current amount of investment.
It is possible that the distributions result in an erosion of assets and a reduction of invested capital.
This share class may distribute capital as well as income. There are potential negative tax consequences for some investors in some jurisdictions. See risk section below .

Key benefits
The flexible investment solution strives to achieve an attractive return over the medium term compared to the broader euro-denominated bond markets while focusing on prudent risk management.
The fund offers a dynamic strategy that uses bonds and derivatives to take active positions in interest rates, credit and to a limited extent also in currencies. Active management aims to achieve an optimal risk/return ratio.
Clients are offered access to a diversified euro-denominated bond portfolio whose rigorous investment approach centers on controlling downside risks through comprehensive research and risk management.

Risks
The fund may engage in relatively high-risk strategies in bond and currency markets, whereby both long and short positions may be held and derivatives may be used. The use of derivatives may result in additional risks (notably counterparty risk). Depending on the credit rating (credit quality), corporate bonds may exhibit a higher default risk than government bonds. The default risk of high yield and emerging market bonds is higher than that of corporate and government bonds of investment grade quality. Changes in interest rate levels, credit spreads and currencies may affect the value of the fund. Emerging markets are in an early stage of development, which is typically associated, for example, with pronounced price fluctuations and other specific risks such as lower market transparency, regulatory hurdles and corporate governance provisions, as well as political and social challenges. Emerging markets may have limited liquidity. Greater portfolio flexibility may increase the risk that portfolio management decisions negatively affect performance. Investments are subject to market fluctuations. Each fund exhibits specific risks, which may increase significantly under unusual market conditions. The aforementioned aspects require investors to have the corresponding risk appetite and risk capacity. The quarterly %cqdist% distributing share classes may distribute capital as well as income. It is possible that the distributions result in an erosion of assets and a reduction of invested capital. There are potential negative tax consequences for some investors in some jurisdictions. Investors in some jurisdictions may incur a higher rate of tax on distributed capital than on any capital gains which are realised on disposal of fund shares. Some investors may therefore choose to invest in the accumulating (-acc) instead of the distributing (-dist) share classes. Investors may be taxed at a later point in time on income and capital arising on accumulating (-acc) share classes compared to distributing (-dist) share classes. Investors should seek their own tax advice.

Product features
Product type
Open end
Product category
UBS Bond Funds
UBS Flexible Fixed Income Funds
Product domicile
Luxembourg
Portfolio management
UBS AG, UBS Asset Management, Zürich
Fund management
UBS Fund Management (Luxembourg) S.A.
Custodian bank
UBS Europe SE, Luxembourg Branch
Day of inception
September 11, 2017
Currency of account
EUR
Close of financial year
March 31
Issue / redemption
daily
Management fee
0.72% p.a.
Swing pricing
yes
Reference Index / Benchmark
Bloomberg Barclays Euro Aggregate 500mio+

Current data
Net asset value
EUR100.18
17/10/2017
High - last 12 months
EUR100.18
17/10/2017
Low - last 12 months
EUR99.39
04/10/2017
Last distribution
EUR0.09
13/10/2017
Assets of the unit class in mn
EUR0.01
17/10/2017
Total product assets in mn
EUR243.77
17/10/2017

Symbols
ISIN no.
LU1669358142

 
Performance chart (EUR-based, as of October 17, 2017)
Indexed, Daily values
Performance chart (EUR-based, as of October 17, 2017)


Performance (in %, as of October 17, 2017)
in %
1
year
3
years
5
years
since
11/09/2017
EUR
-
-
-
0.27
These figures refer to the past. Past performance is not a reliable indicator of future results. The performance shown does not take account of any commissions and costs charged when subscribing to and redeeming units.
For marketing and information purposes by UBS. UBS funds under Luxembourg law. Prospectuses, simplified prospectuses or key investor information, the articles of association or the management regulations as well as annual and semi-annual reports of UBS funds are available free of charge from UBS Fund Services (Luxembourg) S.A., P.O. Box 91, L-2010 Luxembourg or from UBS Europe SE, Luxembourg Branch, P.O. Box 2, L-2010 Luxembourg. Before investing in a product please read the latest prospectus carefully and thoroughly. Units of UBS funds mentioned herein may not be eligible for sale in all jurisdictions or to certain categories of investors and may not be offered, sold or delivered in the United States. The information mentioned herein is not intended to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not a reliable indicator of future results. The performance shown does not take account of any commissions and costs charged when subscribing to and redeeming units. Commissions and costs have a negative impact on performance. If the currency of a financial product or financial service is different from your reference currency, the return can increase or decrease as a result of currency fluctuations. This information pays no regard to the specific or future investment objectives, financial or tax situation or particular needs of any specific recipient. The details and opinions contained in this document are provided by UBS without any guarantee or warranty and are for the recipient's personal use and information purposes only. This document may not be reproduced, redistributed or republished for any purpose without the written permission of UBS AG. Source for all data and charts (if not indicated otherwise): UBS Asset Management
Source for all data and charts (if not indicated otherwise): UBS Asset Management
No responsibility is taken for the correctness of the information provided above.

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