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UBS (Lux) Bond SICAV - Asian High Yield (USD) P-acc
ISIN no.:  LU0626906662
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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 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.

Key benefits
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.

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 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.

Product features
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 17, 2012
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
JP Morgan Asian Credit Non-Investment Grade Index USD
Cut-Off Time
15:00h (CET)

Current data
Net asset value
USD142.44
11/12/2017
High - last 12 months
USD143.61
24/10/2017
Low - last 12 months
USD134.52
15/12/2016
Assets of the unit class in mn
USD18.09
11/12/2017
Total product assets in mn
USD140.08
11/12/2017
Theoretical yield to maturity (net) 1)
4.18%
30/11/2017
Option Adjusted Duration
2.91
30/11/2017
Average remaining maturity
2.72 years
30/11/2017
1)  The number shows the yield of the share class before currency hedging

Symbols
ISIN no.
LU0626906662
Bloomberg Ticker
UAHUPAC LX
Reuters Id
LU0626906662.LUF
Telekurs Id
n.a.

 
Performance chart (USD-based, as of December 11, 2017)
Indexed, Month-end values
Performance chart (USD-based, as of December 11, 2017)

Past performance is not a reliable indicator of future results.

Performance (in %, as of December 11, 2017)
in %
1
year
3
years
5
years
ø p.a.
5 years
USD
5.70
17.80
25.94
4.72
EUR
-5.58
23.66
38.79
6.78
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)
 
1
year
3
years
5
years
Fund (USD, in%)
6.38
15.76
25.88
Ø peer group (in %) 1)
6.59
12.69
19.52
Quartile ranking 2)
3
1
2
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 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)
Chart

By investment currency (in %, as of November 30, 2017)1)
Chart
1)  The table shows the currency exposure of the USD fund.

By investment domicile (in %, as of November 30, 2017)
Chart

By the 10 largest positions (in %, as of November 30, 2017)
China Evergrande Group
6.12
Sri Lanka Government International Bond
4.35
Country Garden Holdings Co Ltd
3.98
Shui On Development Holding Ltd
3.04
Industrial & Commercial Bank of China Asia Ltd
2.95
Postal Savings Bank of China Co Ltd
2.79
Woori Bank
2.39
China Aoyuan Property Group Ltd
2.38
Future Land Development Holdings Ltd
2.32
Cheung Kong Bond Securities 03 Ltd
2.31

By sector (in %, as of November 30, 2017)
Chart
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 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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