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UBS (Lux) Equity SICAV - US Income (USD) (EUR hedged) P-dist
|ISIN no.: LU1149724954|
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.
This actively managed, defensive equity fund invests in companies from the US that are expected to offer a high yield from share buybacks and dividends.
The fund focuses on quality factors to exclude low quality stocks, including the company’s ability to pay stable or growing dividends.
The fund aims to generate additional income through call overwriting.
The strategy is based on a quantitative model.
The exchange rate risk between USD and EUR is largely hedged.
The distributing (-dist) share classes of this sub-fund intend to distribute capital (premiums from writing call options and the share buyback yield) as well as income (e.g. from dividends). See risk section below.
Easy access to a high quality, defensive US equity portfolio which aims to provide some downside cushion during market corrections.
Strong income component generated from share buybacks, dividends and call option premiums.
Investors can profit from a portfolio that seeks optimal diversification - low single stock weights and broad sector allocations.
Experienced investment team with a solid track record in running both US equity and equity yield strategies.
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.
UBS Equity Funds
UBS Country & Regional Funds
UBS Asset Management
UBS Fund Management (Luxembourg) S.A.
UBS Europe SE, Luxembourg Branch
Day of inception
March 4, 2015
Currency of account
Currency of unit class
Close of financial year
Issue / redemption
Total expense ratio (TER)
Net asset value
High - last 12 months
Low - last 12 months
Assets of the unit class in mn
Total product assets in mn
Indicative current equity yield 1)
||This figure is indicative and gross of flat fee. The indicative current equity yield is the sum of three yield sources: 1) dividends paid by the companies the Fund currently holds. 2) the yield from company profits returned to shareholders via share buybacks. 3) 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). US withholding taxes paid by the fund are already deducted from this figure. The portion of yield derived from share buybacks is calculated as the net cash each company held in the fund used to repurchase shares (gross share buybacks minus share issuance) based on the most recent annual financial statement. This net cash is divided by the market capitalization from the previous month end resulting in the share buyback yield. 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, share buybacks, 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.
Risk Free Rate
Performance chart (EUR-based, as of October 17, 2017)
Indexed, Month-end values
Performance (in %, as of October 17, 2017)
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)
Northrop Grumman Corp
CME Group Inc
RenaissanceRe Holdings Ltd
Axis Capital Holdings Ltd
Home Depot Inc/The
Altria Group Inc
Intuitive Surgical Inc
Johnson & Johnson
By sector (in %, as of September 29, 2017)
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
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