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 in Asian high yield bonds (primarily non-investment grade bonds of Asian sovereign, quasi-sovereign and corporate issuers) denominated in US dollar, and seeks to generate an attractive risk-adjusted return.
The fund allows the portfolio manager team to opportunistically invest up to 20% of the portfolio in Asian local currencies as an additional return driver.
The fund is actively managed by the pan-Asian fixed income team located in Singapore, whose regional specialists are integrated with the global fixed income team and thus can leverage significant resources of the wider group.
Through the diversified bond portfolio investors can participate in the Asian market's opportunities for higher yielding corporate bonds and local currencies.
Active management in accordance with market conditions allows the portfolio to be dynamically adjusted throughout market cycles.
Investors can particularly benefit from UBS's expertise in markets where transparency and access to information may be limited.
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 and exchange 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.
UBS Bond Funds
UBS High Yield Funds
UBS Asset Management
UBS Fund Management (Luxembourg) S.A.
UBS Europe SE, Luxembourg Branch
Day of inception
February 17, 2012
Currency of account
Close of financial year
Issue / redemption
Total expense ratio (TER)
Reference Index / Benchmark
JP Morgan Asian Credit Non-Investment Grade Index USD
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) 1)
Option Adjusted Duration
Average remaining maturity
||The number shows the yield of the share class before currency hedging
Performance chart (USD-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 (USD, 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 Asia Pacific HC, 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 investment currency (in %, as of November 30, 2017)1)
||The table shows the currency exposure of the USD fund.
By investment domicile (in %, as of November 30, 2017)
By the 10 largest positions (in %, as of November 30, 2017)
China Evergrande Group
Sri Lanka Government International Bond
Country Garden Holdings Co Ltd
Shui On Development Holding Ltd
Industrial & Commercial Bank of China Asia Ltd
Postal Savings Bank of China Co Ltd
China Aoyuan Property Group Ltd
Future Land Development Holdings Ltd
Cheung Kong Bond Securities 03 Ltd
By sector (in %, as of November 30, 2017)