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UBS (Lux) Key Selection SICAV - China Allocation Opportunity (USD) (HKD) P-6%-mdist
ISIN no.:  LU1226288170
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Overview  
Category profile
UBS Emerging Market Allocation Funds pursue a very active management style with a focus on emerging markets. Investments are diversified across various fixed-income and equity sub-asset classes. The team diversifies its investments across equity and fixed income. The weightings are adjusted in line with the latest market assessments. Such flexibility permits high equity weightings, which, in turn, requires greater risk tolerance and capacity on the part of investors.

Fund description
Seeks attractive total return by investing in a diversified portfolio of Chinese equities and fixed income.
Investment is approximately 50% in Chinese equity and 50% in Chinese Fixed Income.
Actively seizes promising market opportunities via selection of individual stocks and bonds as well as by allocation between the equity and fixed income asset classes.
The exchange rate risk between USD and HKD is not 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
Participate in the growth and increasing internationalization of the Chinese economy and markets via select investments in both fixed income and equities.
The portfolio is actively managed, adjusted to market conditions and proactively including the most interesting opportunities.
Investors can rely on an experienced local portfolio management team with a proven track record.

Risks
Investments in China may be affected by legal uncertainties or other accompanying factors related to the political situation and economic and regulatory developments in China, and may entail additional risks and volatility. The fund may be subject to withholding and other taxes imposed in China. Tax laws, regulations and practice in China are subject to change and may be amended with retrospective effect. Investments in RMB involve the risk that Chinese government’s currency control and future movements in exchange rates may adversely affect the fund's value. The fund may use derivatives which may result in additional risks (particularly counterparty risk). Every fund has specific risks, which can significantly increase under unusual market conditions. 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 Asset Allocation Funds
UBS Emerging Markets Allocation 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 8, 2015
Currency of account
USD
Currency of unit class
HKD
Close of financial year
September 30
Issue / redemption
daily
Maturity
Open end
Management fee
1.44% p.a.
Total expense ratio (TER)
1.85% p.a.
Swing pricing
yes
Minimum investment
n.a.

Current data
Net asset value
HKD969.50
14/12/2017
High - last 12 months
HKD997.48
21/11/2017
Low - last 12 months
HKD813.47
23/12/2016
Last distribution
HKD4.85
14/12/2017
Assets of the unit class in mn
HKD622.55
14/12/2017
Total product assets in mn
HKD1,970.28
14/12/2017

Statistical data
 
2 years
5 years
 
Sharpe Ratio
1.27
n.a.
30/11/2017
Risk Free Rate
0.35%
0.25%
30/11/2017

Symbols
ISIN no.
LU1226288170
Bloomberg Ticker
UCAOP6H LX

 
Performance chart (HKD-based, as of December 14, 2017)
Indexed, Month-end values
Performance chart (HKD-based, as of December 14, 2017)

Past performance is not a reliable indicator of future results.

Performance (in %, as of December 14, 2017)
in %
1
year
3
years
5
years
since
08/06/2015
HKD
24.48
-
-
12.46
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 the 10 largest equity positions (in %, as of November 30, 2017)
Tencent Holdings Ltd
7.32
Alibaba Group Holding Ltd
5.67
TAL Education Group
4.17
Ping An Insurance Group Co of China Ltd
3.15
NetEase Inc
2.27

By the 10 largest positions (in %, as of November 30, 2017)
Tencent Holdings Ltd
7.17
UBS Lux Investment Sicav II - China A Opportunity
6.43
Alibaba Group Holding Ltd
5.76
TAL Education Group
4.41
Ping An Insurance Group Co of China Ltd
3.28
NetEase Inc
2.29
HSBC MSCI CHINA UCITS ETF
2.12
China Merchants Bank Co Ltd
1.97
United States Treasury Bill
1.79
Industrial & Commercial Bank of China Ltd/New York
1.74
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. The fund documentation is available free of charge in English and, where relevant, in one of the local language(s) where the fund is registered. 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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