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UBS (Lux) Bond SICAV - Short Duration High Yield (USD) (EUR hedged) P-acc
ISIN no.:  LU0577855942
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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 with a focus on shorter duration issues selected using strict criteria.
When selecting issuers, emphasis will be on issuers with a higher quality bias.
Provides investors seeking exposure to High Yield as an asset class with a potentially less volatile risk/return profile compared with a full market High Yield strategy
The exchange rate risk between USD and EUR is largely hedged.

Key benefits
Clients benefit from the return potential of short duration high yield corporate bonds.
Active portfolio management ensures that particular attention is paid to the prevailing economic situation, sector selection and issuers' credit ratings.
Credit risk managed via experience team drawing on fundamental credit research and though 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
February 18, 2011
Currency of account
EUR
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Management fee
1.01% p.a.
Total expense ratio (TER)
1.33% p.a.
Swing pricing
yes
Cut-Off Time
15:00h (CET)

Current data
Net asset value
EUR115.84
18/10/2017
High - last 12 months
EUR115.86
10/10/2017
Low - last 12 months
EUR112.60
14/11/2016
Assets of the unit class in mn
EUR183.63
18/10/2017
Total product assets in mn
EUR756.61
18/10/2017
Theoretical yield to maturity (net) 1)
2.77% 2)
29/09/2017
Option Adjusted Duration
1.62
29/09/2017
Average remaining maturity
1.70 years
29/09/2017
1)  The number shows the yield of the share class before currency hedging.
2)  The number shows the yield of the share class before currency hedging

Symbols
ISIN no.
LU0577855942
Bloomberg Ticker
SHDHEHP LX
Reuters Id
n.a.
Telekurs Id
n.a.

 
Performance chart (EUR-based, as of October 18, 2017)
Indexed, Month-end values
Performance chart (EUR-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
EUR
1.66
3.23
7.59
1.47
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.

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)
Sprint Nextel Corp
4.29
Ally Financial Inc
3.70
HCA Inc
3.09
CIT Group
2.62
REYNOL
2.62
Tenet Healthcare Corp
1.92
PulteGroup Inc
1.74
Frontier Communications Corp
1.74
NCL Corp Ltd
1.63
Dell
1.63

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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