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UBS (Lux) Bond SICAV - Emerging Economies Corporates (USD) (EUR hedged) P-4%-qdist
ISIN no.:  LU1669357250
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Overview  
Category profile
UBS Emerging Market Funds Investors are benefiting from above-average return opportunities over time, reducing risk exposure through diversification and investing with experienced professionals.

Fund description
The fund is broadly diversified and invests primarily in US dollar denominated emerging market corporate bonds.
The fund manager employs top-down macro and bottom-up fundamental research to develop investment themes.
The fund manager does not take risk in concentrated credit positions and limits exposure to interest rate risks.
Rigorous, quantitative risk management is essential to the investment process.
The exchange rate risk between USD and EUR is largely hedged.
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 fund allows you to tap into emerging economies’ growth potential.
The fund allows you to get well diversified exposure to corporate bonds issued by companies in various countries and industry sectors across emerging markets.
The fund offers daily liquidity.

Risks
The fund offers higher return potential than a high-quality fixed income portfolio and therefore bears a higher risk. Emerging markets are at an early stage of development, which can typically involve a high level of price volatility and other specific risks, such as lower market transparency, regulatory hurdles, corporate governance as well as political and social challenges. Long-term investments are subject to greater fluctuations in value than short- or medium-term investments and money market instruments. Changes in interest rates and credit spreads may have an impact on the fund’s value. The fund is denominated in US dollar, but may opportunistically invest in bonds denominated in euro. The fund can use derivatives, which may result in additional risks, particularly counterparty risk. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. 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 Emerging Market Funds
Bonds
Product domicile
Luxembourg
Portfolio management
UBS Asset Management
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
May 31
Issue / redemption
daily
Management fee
1.44% p.a.
Swing pricing
yes

Current data
Net asset value
EUR99.79
18/10/2017
High - last 12 months
EUR100.00
11/09/2017
Low - last 12 months
EUR99.55
10/10/2017
Last distribution
EUR0.19
13/10/2017
Assets of the unit class in mn
EUR0.01
18/10/2017
Total product assets in mn
EUR372.69
18/10/2017
Theoretical yield to worst (gross)
2.36%
29/09/2017
Theoretical yield to maturity (net)
2.45%
29/09/2017
Modified duration
4.64
29/09/2017
Average remaining maturity
5.72 years
29/09/2017

Symbols
ISIN no.
LU1669357250

 
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
-
-
-
-0.01
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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