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Subscriptions and redemptions are no longer possible. The fund will be merged into UBS (Lux) Bond SICAV – Emerging Economies Local Currency Bond (USD) on the basis of the net asset value of 21 June 2018.
UBS (Lux) Bond SICAV - Asian Local Currency Bond (USD) P-acc
ISIN no.:  LU0573605267
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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 diversified bond portfolio provides access to the local currency Asian bond market.
The fund invests principally in local currency securities issued by Asian (ex-Japan) economies / borrowers, with a sovereign tilt.
Currency exposure, country allocation, interest rate risk, sector rotation and security selection are actively managed. This actively managed fund aims to derive alpha from duration and yield curve positioning, currency and sector management.

Key benefits
This diversified bond portfolio can be used to participate in the opportunities on the Asian market for fixed-income securities, as well as the opportunity for appreciation of the local Asian currencies.
The fund is actively managed in accordance with market conditions. This allows the portfolio to be dynamically adjusted throughout market cycles.

Risks
The fund offers higher return potential than a high-quality bond portfolio and therefore bears a higher risk. In addition, emerging markets are at an early stage of development which can typically involve a high level of price volatility and other specific risks such as lower market transparency, regulatory hurdles, corporate governance and political and social challenges. Corresponding risk tolerance and capacity are required. All investments are subject to market fluctuations. The fund can invest in less liquid assets that may be difficult to sell in the case of distressed markets. 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 category
UBS Bond Funds
UBS Classic Bond 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
January 28, 2011
Currency of account
USD
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
1.12% p.a.
Total expense ratio (TER)
1.47% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark 1)
JP Morgan Asia Diversified - Broad
1)  Benchmark change on 01.05.2016 old: HSBC Asian Local Bond Index Customised (net of WHT), new: JP Morgan Asia Diversified - Broad.

Current data
Net asset value
USD98.94
20/06/2018
High - last 12 months
USD105.19
25/01/2018
Low - last 12 months
USD98.35
07/07/2017
Assets of the unit class in mn
USD12.70
20/06/2018
Total product assets in mn
USD17.80
20/06/2018
Theoretical yield to maturity (net)
3.05%
31/05/2018

Symbols
ISIN no.
LU0573605267
Bloomberg Ticker
UALCBDPA LX
Reuters Id
n.a.
Telekurs Id
n.a.

 
Performance chart (USD-based, as of June 20, 2018)
Indexed, Month-end values
Performance chart (USD-based, as of June 20, 2018)

Past performance is not a reliable indicator of future results.

Performance (in %, as of June 20, 2018)
in %
1
year
3
years
5
years
ø p.a.
5 years
USD
-1.00
0.34
0.04
0.01
EUR
-4.87
-1.82
13.83
2.63
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.

By Credit rating (in %, as of May 31, 2018)
Chart

By investment currency (in %, as of May 31, 2018)1)
Chart
1)  The table shows the currency exposure of the USD fund

By investment domicile (in %, as of May 31, 2018)
Chart

By the 10 largest positions (in %, as of May 31, 2018)
Indonesia Treasury Bond
28.20
Korea Treasury Bond
22.72
Malaysia Government Bond
15.39
India Government Bond
10.36
Thailand Government Bond
8.23
Singapore Government Bond
8.18
Philippine Government Bond
6.92
Additional fees (e.g. entry or exit fees) may be charged by the Distributor. Please refer to your financial adviser for more details. For a definition of financial terms refer to the glossary available at www.ubs.com/glossary.
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 in a language required by the local applicable law free of charge from Northern Trust Global Services Limited, Luxembourg Branch, 6, rue Lou Hemmer, L-1748 Senningerberg or from UBS Europe SE, Luxembourg Branch, P.O. Box 2, L-2010 Luxembourg. The fund documentation is available free of charge in English and, where relevant, in one of the local language(s) where the fund is registered. 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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