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UBS products  ›  Product information
UBS (Lux) Bond SICAV - Short Term EUR Corporates (EUR) P-acc
ISIN no.:  LU0151774626
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Overview  
Category profile
UBS Classic Bond Funds offer investors the opportunity to participate in a broadly diversified portfolio of mainly investment-grade bonds. These investment products aim to generate a regular income flow. There is a choice of funds in all major currencies and maturity structures, as well as global and corporate bond fund. UBS Classic Bond Funds are an ideal building block for fixed income portfolios or for the fixed income component of balanced portfolios.

Fund description
The fund invests in short-dated fixed income securities that are largely issued by companies and denominated in the fund's reference currency.
The majority of issuers have investment-grade ratings (AAA to BBB-).
The investment objective is to achieve an attractive return by exploiting the performance potential of corporate bonds, which is higher than that of government bonds.
Interest-rate risk is limited to the short-dated segment.

Key benefits
Clients benefit from a portfolio that is broadly diversified across various sectors and ratings and from meticulous issuer selection. The latter is based on the in-depth credit research carried out by our expert team of professional corporate bond analysts.
Clients can benefit from the return potential of corporate bonds. They offer greater potential than government bonds as the credit risk associated with corporate bonds is generally compensated with a higher return.
The fund has a lower interest-rate risk than medium- or long-term bond investments.

Risks
Even though the credit quality of the portfolio is investment grade, the default risk is higher with corporate bonds than with government paper. 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 may increase considerably in unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk).

Product features
Product type
Open end
Product category
UBS Bond Funds
UBS Classic Bond Funds
Product domicile
Luxembourg
Portfolio management
UBS Asset Management, Zürich
Fund management
UBS Fund Management (Luxembourg) S.A.
Custodian bank
UBS Europe SE, Luxembourg Branch
Day of inception
July 26, 2002
Currency of account
EUR
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Management fee
0.72% p.a.
Total expense ratio (TER)
0.97% p.a.
Swing pricing
yes
Reference Index / Benchmark
Bloomberg Barclays Euro Corporate Index 500mio+ 1-3yrs

Current data
Net asset value
EUR124.44
18/10/2017
High - last 12 months
EUR124.95
16/12/2016
Low - last 12 months
EUR124.17
28/11/2016
Assets of the unit class in mn
EUR91.81
18/10/2017
Total product assets in mn
EUR542.84
18/10/2017
Theoretical yield to worst (net)
-0.82%
29/09/2017
Average remaining maturity
1.98 years
29/09/2017

Symbols
ISIN no.
LU0151774626
Bloomberg Ticker
UBSBFTE LX
Reuters Id
UBSFUNDS05
Telekurs Id
FTEUB

 
Performance chart (EUR-based, as of October 17, 2017)
Indexed, Month-end values
Performance chart (EUR-based, as of October 17, 2017)


Performance (in %, as of October 17, 2017)
in %
1
year
3
years
5
years
ø p.a.
5 years
EUR
-0.11
0.44
3.51
0.69
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.
Peer group (as of September 30, 2017)
 
1
year
3
years
5
years
Fund (EUR, in%)
-0.27
0.25
3.76
Ø peer group (in %) 1)
0.75
2.15
8.33
Quartile ranking 2)
4
4
4
1)  Average performance Lipper Global Classification (LGC)
2)  Quartile 1,2,3,4; e.g.: 1= fund is part of the best 25% of all funds of the peer group
Peer group information. Peer group category used: LGC Bond EUR Corporates Short Term, based on mutual funds in the "MSCI Europe Developed Markets Universe" ex institutional and insurance funds, ETF's and Pension Trusts. Source and calculation: Lipper, a Thomson Reuters Company

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

By Credit rating (in %, as of September 29, 2017)
Chart

By the 10 largest positions (in %, as of September 30, 2017)
Cooperatieve Rabobank UA
3.48
Citigroup Inc
2.68
Volkswagen International Finance NV
2.64
Lloyds Bank PLC
2.32
HSBC Holdings PLC
2.28
Goldman Sachs Group Inc/The
2.25
Credit Suisse AG/London
2.03
ING Bank NV
1.92
ABN AMRO Bank NV
1.89
Bank of America Corp
1.87

By maturity in years (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.

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