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UBS (Lux) Bond SICAV - Global Dynamic (USD) (EUR hedged) P-acc
ISIN no.:  LU0891672056
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Overview  
Category profile
UBS Flexible Fixed Income Funds are actively managed and broadly diversified portfolios that offer investors the opportunity to invest flexibly and actively in a wide range of bond classes in order to achieve an attractive performance in the medium term.

Fund description
The fund invests dynamically across global fixed income markets and currencies striving to achieve an attractive return compared to broad fixed income markets over the medium term whilst carefully managing risk.
The fund actively takes positions in global interest rates, credit and currencies using bonds and derivatives, while maintaining an overall positive portfolio duration and net long fixed income market exposure.
The fund utilizes a rigorous investment approach drawing on a comprehensive research and risk management framework.
The exchange rate risk between USD and EUR is largely hedged.

Key benefits
The fund offers a flexible global fixed income solution without benchmark constraints, which strives to achieve an attractive return compared to broad fixed income markets over the medium term whilst carefully managing risk.
The fund offers a dynamic strategy, which actively takes positions in global interest rates, credit and currencies using bonds and derivatives seeking to be less reliant on favorable markets for positive performance.
The fund offers a globally diversified portfolio that utilizes a rigorous investment approach drawing on a comprehensive research and risk management framework focused on downside risk.

Risks
The fund may employ higher-risk strategies within fixed income and currency markets, and may take both long and short positions utilizing derivatives. This may result in additional risks, particularly counterparty risk. Depending on the credit quality, default risk is higher with corporate bonds than with government bonds and higher with high-yield or emerging market bonds than with investment grade corporate and government bonds. Changes in interest rates, credit spreads and exchange rates may have an impact on the fund’s value. Emerging markets are at an early stage of development, which may involve a high level of price volatility and other specific risks (transparency, regulatory hurdles, corporate governance, political and social challenges) and liquidity may be limited. Increased portfolio flexibility may increase the risk of PM decisions adversely impacting performance. All investments are subject to fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. The above does require that investors have a corresponding risk tolerance and capacity.

Product features
Product type
Open end
Product category
UBS Bond Funds
UBS Flexible Fixed Income Funds
Product domicile
Luxembourg
Portfolio management
UBS Asset Management, London
Fund management
UBS Fund Management (Luxembourg) S.A.
Custodian bank
UBS Europe SE, Luxembourg Branch
Day of inception
May 31, 2013
Currency of account
EUR
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Management fee
1.12% p.a.
Total expense ratio (TER)
1.48% p.a.
Swing pricing
yes

Current data
Net asset value
EUR106.38
18/10/2017
High - last 12 months
EUR107.02
06/10/2017
Low - last 12 months
EUR98.31
08/02/2017
Assets of the unit class in mn
EUR16.94
18/10/2017
Total product assets in mn
EUR114.89
18/10/2017
Theoretical yield to maturity (net) 1)
3.02%
29/09/2017
1)  The number shows the yield of the share class before currency hedging

Symbols
ISIN no.
LU0891672056
Bloomberg Ticker
UBGBDEA LX
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
since
31/05/2013
EUR
3.50
2.14
-
6.38
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 currency (in %, as of September 29, 2017)1)
Chart
1)  The table shows the currency exposure of the USD fund. The USD-NAV of the EUR shareclass is hedged against EUR.

By investment instrument (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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