UBS Convertible Funds enable investors to participate in the equity markets without bearing the full risk of traditional equity investments. Convertible bonds allow for the bond to be exchanged for shares of the company concerned. Convertible funds therefore offer the combined advantages of two asset classes - the price potential of shares and the defensive characteristics of traditional bonds.
The fund invests worldwide in convertible bonds.
Convertible bonds combine the upside potential of equities and the defensive characteristics of bonds.
The investment objective is to take full advantage of the beneficial risk-return characteristics of the global convertible bond markets.
Foreign currencies are largely hedged versus the reference currency.
Investors participate in some of the price gains when equity markets are rising, and benefit from the defensive characteristics of a bond investment in falling markets.
The portfolio's return potential is considerably increased using carefully selected convertible bonds, without incurring significant additional risk.
The fund invests mainly in convertible bonds. Changes in equity prices, interest rates, credit quality and other factors can subject the fund to high fluctuations in value, which are for the most part less pronounced than with equities but significantly higher than with traditional corporate bonds. The fund may use derivatives which can reduce investment risk or give rise to additional risks (inter alia the counterparty risk). The fund can invest in less liquid assets that may be difficult to sell in the case of distressed markets. The value of a unit may fall below the purchase price. This requires an elevated risk tolerance and capacity. Every fund reveals specific risks, a description of these risks can be found in the prospectus.
UBS Bond Funds
UBS Convertible Funds
UBS Asset Management, Zürich
UBS Fund Management (Luxembourg) S.A.
UBS Europe SE, Luxembourg Branch
Day of inception
November 18, 2004
Currency of account
Close of financial year
Issue / redemption
Total expense ratio (TER)
Reference Index / Benchmark 1)
Thomson Reuters Global Convertible Index - Global Vanilla Hedged EUR
||Reference index change on 01.07.2014 - old: UBS Global Convertible Index - GlobalVanilla Hedged, new: Thomson Reuters Global Convertible Index - Global Vanilla Hedged.
Net asset value
High - last 12 months
Low - last 12 months
Assets of the unit class in mn
Total product assets in mn
Ø premium to investment value
Performance chart (EUR-based, as of December 13, 2017)
Indexed, Month-end values
Past performance is not a reliable indicator of future results.
Performance (in %, as of December 13, 2017)
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.
Peer group (as of November 30, 2017)
Fund (EUR, in%)
Ø peer group (in %) 1)
Quartile ranking 2)
||Average performance Lipper Global Classification (LGC)
||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 Convertibles Global, 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 investment domicile (in %, as of November 30, 2017)
By Credit rating (in %, as of November 30, 2017)
By the 10 largest positions (in %, as of November 30, 2017)
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PepsiCo(Exane) 0% 2020
Liberty Media Basket 1.375% 2023