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UBS products  ›  Product information
UBS (Lux) Bond SICAV - USD High Yield (USD) P-acc
ISIN no.:  LU0070848972
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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.

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).

Product features
Product type
Open end
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
December 3, 1996
Currency of account
USD
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Management fee
1.01% p.a.
Total expense ratio (TER)
1.34% p.a.
Swing pricing
yes
Reference Index / Benchmark
BofA Merrill Lynch US High Yield Cash Pay Constrained Index
Cut-Off Time
15:00h (CET)

Current data
Net asset value
USD283.98
19/10/2017
High - last 12 months
USD283.98
19/10/2017
Low - last 12 months
USD257.68
14/11/2016
Assets of the unit class in mn
USD155.45
19/10/2017
Total product assets in mn
USD1,269.49
19/10/2017
Theoretical yield to maturity (net)
4.59%
29/09/2017
Option Adjusted Duration
4.05
29/09/2017
Average remaining maturity
5.29 years
29/09/2017

Symbols
ISIN no.
LU0070848972
Bloomberg Ticker
UBSBSHY LX
Reuters Id
UBSFUNDS05
Telekurs Id
BUSHB

 
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
ø p.a.
5 years
USD
7.42
13.54
25.15
4.59
EUR
-0.61
22.30
37.58
6.59
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 (USD, in%)
7.69
13.05
26.06
Ø peer group (in %) 1)
7.82
10.19
22.74
Quartile ranking 2)
2
2
2
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 USD High Yield, 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 maturity in years (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 29, 2017)
Sprint Nextel Corp
2.51
Valeant Pharmaceuticals
2.26
Charter Communications
2.05
HCA Inc
1.85
Royal Bank Scotland
1.71
Tenet Healthcare
1.41
Numericable Group
1.22
Intelsat Jackson Hldg
1.22
Altice Financing Sa
1.06
CHS / Community Health Systems
1.04

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.

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