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.
The fund invests primarily in high-yield corporate bonds selected using strict criteria, either denominated in EUR or hedged into EUR.
When selecting issuers of such bonds, particular attention is taken to spread investments across the various credit ratings.
Investors profit from an actively managed portfolio with high return potential that is composed using strict criteria in terms of security and sector selection and credit quality.
Clients can particularly benefit from UBS's expertise in markets where transparency and access to information may be limited.
The fund represents an attractive addition to a portfolio, offering high return potential and broad risk diversification.
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).
UBS Bond Funds
UBS High Yield Funds
UBS Asset Management, Chicago
UBS Fund Management (Luxembourg) S.A.
UBS Europe SE, Luxembourg Branch
Day of inception
May 15, 1998
Currency of account
Close of financial year
Issue / redemption
Total expense ratio (TER)
Reference Index / Benchmark
ICE BofAML EUR High Yield 3% Constrained Index
Net asset value
High - last 12 months
Low - last 12 months
Assets of the unit class in mn
Total product assets in mn
Theoretical yield to maturity (net)
Option Adjusted Duration
Performance chart (EUR-based, as of December 11, 2017)
Indexed, Month-end values
Past performance is not a reliable indicator of future results.
Performance (in %, as of December 11, 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 EUR 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 Credit rating (in %, as of November 30, 2017)
By country exposure (in %, as of November 30, 2017)
By the 10 largest positions (in %, as of November 30, 2017)
Royal Bank Scotland
Petrobras Global Finance
Casino Guichard Perracho
Ardagh Pkg Finance
Banco Popolare Sc
By sector (in %, as of November 30, 2017)