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UBS (Lux) Bond SICAV - Global Inflation-linked (USD) P-acc
ISIN no.:  LU0455550201
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Overview  
Category profile
UBS Inflation-linked Bond Funds invest in a broadly diversified portfolio of inflation-linked bonds. These funds aim to preserve the real value of the assets in any economic environment (deflation or inflation, recession, depression or boom) over an investment horizon of three to five years.

Fund description
The fund invests primarily in USD-denominated inflation-linked bonds of high quality (i.e. rated investment grade by the relevant credit rating agencies), globally diversified across regions, ratings and maturities.
The fund can hold opportunistic positions in government, agency, corporate, collateralized, high yield, emerging markets, and other than USD-denominated bonds, and use derivatives.
The portfolio manager team manages the fund actively, taking dynamic positions in interest rates, credit and currencies with the aim to seize attractive market opportunities, based on comprehensive research, while controlling downside risk.

Key benefits
Investors can preserve the purchasing power of their investment against inflation over a 3- to 5-year horizon, because the fund's real return is linked to realized inflation as, by definition, the coupons and principals of the inflation-linked bonds in the fund are directly linked to a consumer price index.
Investors have access to a diversified portfolio whose rigorous investment approach centers on controlling downside risk through comprehensive research and risk management.

Risks
As with other portfolios, changes in interest rates and inflation have an impact on the portfolio’s value. Coupon payments move in parallel with changes in inflation, i.e. they increase when inflation rises and decrease in a deflationary environment. In terms of the par value paid out on maturity, the capital invested for inflation-linked bonds with a deflation floor does not fall below the par value. However, for inflation-linked bonds with no deflation floor, the capital invested can fall below the par value. The majority of inflation-linked bonds are issued by governments. Inflation-linked bonds that are issued by companies have a higher default risk than government bonds, and therefore require investors to have 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 Inflation-linked Bond Funds
Product domicile
Luxembourg
Portfolio management
UBS Asset Management, London
Fund management
UBS Fund Management (Luxembourg) S.A.
Custodian bank
UBS Europe SE, Luxembourg Branch
Day of inception
October 19, 2009
Currency of account
USD
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 Global inflation linked 1-10 years

Current data
Net asset value
USD120.21
18/10/2017
High - last 12 months
USD120.30
16/10/2017
Low - last 12 months
USD116.88
16/12/2016
Assets of the unit class in mn
USD18.48
18/10/2017
Total product assets in mn
USD162.48
18/10/2017
Theoretical yield to maturity (net)
0.08%
29/09/2017
Average remaining maturity
6.40 years
29/09/2017

Symbols
ISIN no.
LU0455550201
Bloomberg Ticker
UBSILPU LX
Reuters Id
n.a.
Telekurs Id
n.a.

 
Performance chart (USD-based, as of October 18, 2017)
Indexed, Month-end values
Performance chart (USD-based, as of October 18, 2017)


Performance (in %, as of October 18, 2017)
in %
1
year
3
years
5
years
ø p.a.
5 years
USD
0.70
4.32
4.74
0.93
EUR
-6.17
13.10
16.44
3.09
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%)
0.39
4.12
4.49
Ø peer group (in %) 1)
1.27
-1.62
-1.34
Quartile ranking 2)
3
1
1
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 Global Inflation Linked, 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 Credit rating (in %, as of September 29, 2017)
Chart

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

By the 10 largest positions (in %, as of September 29, 2017)
United States Government Bond
49.86
France Government Bond
10.40
Italy Government Bond
9.58
New Zealand Government Bond
5.68
Canadian Government Bond
5.31
Spain Government Bond
4.04
United Kingdom Gilt
3.77
Japanese Government Bond
3.30
Mexico Government Bond
1.20
Australian Government Bond
1.13
Name changed on 20.12.2012: from UBS (Lux) Bond SICAV - Inflation-linked Global (USD) to UBS (Lux) Bond SICAV - Global Inflation-linked (USD).
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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