UBS Convertible Funds enable investors to participate in the equity markets without bearing the full risk of traditional equity investments. Convertible bonds allow for the bond to be exchanged for shares of the company concerned. Convertible funds therefore offer the combined advantages of two asset classes - the price potential of shares and the defensive characteristics of traditional bonds.
The fund invests primarily in EUR-denominated convertible bonds issued by companies with registered office in Europe.
The fund can also acquire a limited number of convertible bonds issued by other European companies.
Combines the upside potential of equities with the defensive features of bonds.
The investment objective is to fully exploit the risk-return features of European convertible bond markets.
Investors participate in some of the price gains when equity markets are rising, and benefit from the defensive characteristics of a bond investment in falling markets
The portfolio's return potential is considerably increased using carefully selected convertible bonds, without incurring significant additional risk.
The fund invests mainly in convertible bonds. Changes in equity prices, interest rates, credit quality and other factors can subject the fund to high fluctuations in value, which are for the most part less pronounced than with equities but significantly higher than with traditional corporate bonds. The fund may use derivatives which can reduce investment risk or give rise to additional risks (inter alia the counterparty risk). The fund can invest in less liquid assets that may be difficult to sell in the case of distressed markets. The value of a unit may fall below the purchase price. This requires an elevated risk tolerance and capacity. Every fund reveals specific risks, a description of these risks can be found in the prospectus.
UBS Bond Funds
UBS Convertible Funds
UBS Asset Management, Zürich
UBS Fund Management (Luxembourg) S.A.
UBS Europe SE, Luxembourg Branch
Day of inception
May 19, 2000
Currency of account
Close of financial year
Issue / redemption
Total expense ratio (TER)
Reference Index / Benchmark
Thomson Reuters Eurozone Convertible Bond Index (EUR)
Net asset value
High - last 12 months
Low - last 12 months
Assets of the unit class in mn
Total product assets in mn
Ø premium to investment value
Performance chart (EUR-based, as of January 16, 2018)
Indexed, Month-end values
Past performance is not a reliable indicator of future results.
Performance (in %, as of January 16, 2018)
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 December 31, 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 Convertibles Europe, 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 December 29, 2017)
By investment domicile (in %, as of December 29, 2017)
By the 10 largest positions (in %, as of December 29, 2017)
Unicredit (Aabar) 1% 2022
Siemens Unit 1.65% 2019
Reckitt Benckiser(BNP) 0% 2020
Novartis(GS) 0% 2018
STOXX(Uni) 0% 2020
KPN (Movil) 5.5% 2018
Stoxx Europe(SG) 0% 2018
Sampo(Nomura) 0% 2018
Steinhoff NV 1.25% 2022
Nordea Bank(GS) 0% 2018
Reference index change on 01.07.2014 - old: UBS Eurozone Convertible Bond Index(EUR), new: Thomson Reuters Eurozone Convertible Bond Index (EUR)
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. 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
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