UBS AG Logo
Login | Preferences | Contact |engita
UBS Fund Gate - Luxembourg
   
Home
News
Products
Compare products
Virtual portfolios
E-mail subscription
General information
 
 
Search for products
Overview
Search by criteria
Product information
Print "Daily Fact Sheet"Print version as PDF file format
UBS products  ›  Product information
UBS (Lux) Equity SICAV - Euro Countries Income (EUR) (USD hedged) P-acc
ISIN no.:  LU1121265620
PDF
PDF
PDF
Overview  
Category profile
UBS Country & Regional Funds are geared towards investors who want to take advantage of opportunities in particular countries or regions. These funds allow for broad diversification. Again, UBS`s proven research excellence is crucial here in ensuring optimal stock selection.

Fund description
This actively managed, defensive equity fund invests in companies from Euro countries that offer a high dividend yield.
The fund aims to generate additional income through call overwriting.
The fund focuses on quality factors to exclude low quality stocks, including the company’s ability to pay stable or growing dividends.
The strategy is based on a quantitative model.
The exchange rate risk between EUR and USD is largely hedged.

Key benefits
Easy access to a high quality, defensive equity portfolio which aims to provide some downside cushion during market corrections.
Strong income component generated from dividends and call option premiums.
Investors can profit from a portfolio that seeks optimal diversification - low single stock weights and broad country and sector allocations.

Risks
UBS Equity Funds invest in equities and may therefore be subject to high fluctuations in value. For this reason, an investment horizon of at least five years and corresponding

risk tolerance and capacity are required. As these UBS funds pursue an active management style, each fund's performance can deviate substantially from that of its reference index. 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). In distributing share classes, the equity yield, net of fund fees, will be distributed. The distributing (-dist) share classes of this fund intend to distribute capital as well as income (e.g. from dividends). Investors in some jurisdictions may incur a higher rate of tax on distributed capital than on any capital gains which are realized 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 Equity Funds
UBS Country & Regional 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
January 28, 2015
Currency of account
EUR
Currency of unit class
USD
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Management fee
1.28% p.a.
Total expense ratio (TER)
1.67% p.a.
Swing pricing
yes

Current data
Net asset value
USD115.38
19/10/2017
High - last 12 months
USD116.30
02/06/2017
Low - last 12 months
USD95.03
14/11/2016
Assets of the unit class in mn
USD13.55
19/10/2017
Total product assets in mn
USD442.06
19/10/2017
Indicative current equity yield 1)
7.70%
29/09/2017
1)  This figure is indicative and gross of flat fee. The indicative current equity yield is the sum of two yield sources: 1) dividends paid by the companies the Fund currently holds. 2) premiums received from selling call options on the stocks held in the Fund. The dividend yield portion is based on the dividends of the previous year paid by the companies held in the Fund (irrespective of whether the stock was held at the date the dividend was paid). Withholding taxes paid by the Fund are already deducted from this figure. The portion of yield derived from option premiums is based on the annualized sum of option premiums collected over the past 12 months. The final equity yield can deviate significantly from the indicative current equity yield due to changes in company earnings, dividends, stock prices, option premiums etc. The equity yield (yield from the income sources) should not be confused with the overall fund performance that may be subject to fluctuations in value (equity market risk). In accumulating share classes, the equity yield, net of fund fees, will be accumulated. In distributing share classes, the equity yield, net of fund fees, will be distributed.

Statistical data
 
2 years
5 years
 
Sharpe Ratio
0.82
n.a.
29/09/2017
Risk Free Rate
0.77%
0.44%
29/09/2017

Symbols
ISIN no.
LU1121265620
Bloomberg Ticker
UECPHAU LX

 
Performance chart (USD-based, as of October 19, 2017)
Indexed, Month-end values
Performance chart (USD-based, as of October 19, 2017)


Performance (in %, as of October 19, 2017)
in %
1
year
3
years
5
years
since
28/01/2015
USD
16.26
-
-
15.38
EUR
7.57
-
-
10.39
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.

By the 10 largest equity positions (in %, as of September 30, 2017)
ABN AMRO Group NV
2.67
Deutsche Post AG
2.55
Sanofi
2.52
Vinci SA
2.47
Atlantia SpA
2.46
Abertis Infraestructuras SA
2.43
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
2.39
Snam SpA
2.38
Enagas SA
2.38
Bouygues SA
2.34

By investment domicile (in %, as of September 30, 2017)
Chart

By sector (in %, as of September 29, 2017)
Chart
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.

Important legal information - please read the disclaimer before proceeding.
Products and services in these web pages may not be available for residents of certain nations.
Please consult the sales restrictions relating to the service in question for further information.
© UBS 1998-2017. All rights reserved.
Privacy Policy