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UBS (Lux) Bond SICAV - USD High Yield (USD) P-6%-mdist
ISIN no.:  LU1076698411
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Overview  
Category profile
UBS High Yield Funds invest in high-yielding corporate bonds issued by borrowers of lower credit quality than is the case with our more traditional funds. UBS High Yield Funds are an attractive addition to the portfolio as they offer above-average earnings potential but at less risk than a direct investment in this market.

Fund description
The fund invests primarily in high-yield corporate bonds selected using strict criteria.
When selecting issuers of such bonds, particular attention is taken to spread investments across the various credit ratings.
The investment objective is to generate a higher return than on prime USD bonds.
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
Clients benefit from the return potential of corporate bonds, which is higher than that of government bonds.
Active portfolio management ensures that particular attention is paid to the prevailing economic situation, sector selection and issuers' credit ratings.
Risk is kept in check via meticulous company analysis and broad diversification of the portfolio.

Risks
Depending on the credit quality, the default risk is higher in the case of high yield bonds than with investment grade corporate and government bonds. Changes in interest rates have an effect on the value of the portfolio. This requires corresponding risk tolerance and capacity. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk). The monthly 6%-mdist 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 category
UBS Bond Funds
UBS High Yield Funds
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
June 27, 2014
Currency of account
USD
Close of financial year
May 31
Issue / redemption
daily
Maturity
Open end
Management fee
1.01% p.a.
Total expense ratio (TER)
1.35% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
ICE BofAML US High Yield Cash Pay Constrained Index
Cut-Off Time
15:00h (CET)

Current data
Net asset value
USD90.68
08/12/2017
High - last 12 months
USD91.82
02/08/2017
Low - last 12 months
USD89.16
14/03/2017
Last distribution
USD0.45
14/12/2017
Assets of the unit class in mn
USD6.31
08/12/2017
Total product assets in mn
USD1,250.43
08/12/2017
Theoretical yield to maturity (net)
4.75%
30/11/2017
Option Adjusted Duration
3.73
30/11/2017
Average remaining maturity
4.98 years
30/11/2017

Symbols
ISIN no.
LU1076698411
Bloomberg Ticker
UBLUHPU LX
Telekurs Id
n.a.

 
Performance chart (USD-based, as of December 8, 2017)
Indexed, Month-end values
Performance chart (USD-based, as of December 8, 2017)

Past performance is not a reliable indicator of future results.

Performance (in %, as of December 8, 2017)
in %
1
year
3
years
5
years
since
27/06/2014
USD
7.26
14.97
-
10.71
EUR
-3.15
20.25
-
28.51
The performance shown does not take account of any commissions, entry or exit charges.
These figures refer to the past. Past performance is not a reliable indicator of future results.

By Credit rating (in %, as of November 30, 2017)
Chart

By maturity in months (in %, as of November 30, 2017)
Chart

By sector (in %, as of November 30, 2017)
Chart
Additional fees (e.g. entry or exit fees) may be charged by the Distributor. Please refer to your financial adviser for more details. For a definition of financial terms refer to the glossary available at www.ubs.com/glossary.
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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