The concept of UBS Fixed Maturity Funds is straightforward: clients do not just invest in a single bond, but in a number of carefully selected bonds. And, last but not least, these UBS Funds have a fixed maturity. The fund concept in brief:
1. Investors invest a certain amount in the fund. Our portfolio management team purchases various bonds for the fund. The investment period is determined beforehand.
2. During this period, investors will receive regular income, provided they select the distributing option.
3. The redemption is carried out upon maturity.
Therefore, UBS Maturity Funds are like a single bond - but diversified!
The fund mainly invests in sovereign, quasi-sovereign and corporate bonds denominated in US dollar from emerging market issuers with high creditworthiness on average (rated investment grade by established rating agencies).
The fund manager combines carefully selected issuers of different credit qualities from different sectors and countries, and securities with different maturities with the aim to seize interesting investment opportunities while keeping risks in check.
Exchange rate risks versus the fund currency euro is hedged using derivative instruments.
The fund will mature on 17 December 2018.
Investors obtain an investment similar to a single bond with a fixed maturity but with all the benefits of diversification and fund management by specialists.
Investors are protected from exchange rate risk between the euro (fund currency) and the US dollar (currency of the bonds in the fund).
Investors can benefit from attractive current emerging market credit spreads regardless of whether or not spread-narrowing takes place during the fund's life.*)
*) No guarantee – repayment at fund maturity and distributions can be influenced by various factors including currency hedging
The fund invests in bonds and may therefore be subject to fluctuations in value. This requires corresponding risk tolerance and capacity. The value of a unit upon maturity is uncertain and depends on the repayment of the investments as well as on their reinvestment or new investment. The value of a unit may fall below the purchase price. Changes in interest rates have an effect on the value of the portfolio. Due to transaction costs, extension costs and mismatches between the maturity of bonds and the duration of the fund, currency hedging has an impact on the yield to maturity of the fund and the effective return for investors. Pronounced fluctuations in price are among the characteristics of emerging economies. Others include specific risks such as lower market transparency, regulatory hurdles, illiquidity of markets as well as political and social challenges. Bonds from emerging economies are usually considered as carrying significant credit risk. The fund can invest in less liquid assets that may be difficult to sell in the case of distressed markets.The fund may use derivatives which can reduce investor risks or give rise to additional risks (inter alia the counterparty risk). Every fund exhibits specific risks, a description of these risks can be found in the prospectus.
UBS Bond Funds
UBS Fixed Maturity Funds
UBS Asset Management
UBS Fund Management (Luxembourg) S.A.
UBS Europe SE, Luxembourg Branch
Day of inception
March 21, 2014
Currency of account
Close of financial year
Issue / redemption
December 17, 2018
Total expense ratio (TER)
Net asset value
High - last 12 months
Low - last 12 months
Assets of the unit class in mn
Total product assets in mn
Initial yield to maturity at launch (before hedging) 1)
Initial yield to maturity at re-opening (before hedging) 2)
Initial yield to maturity at re-opening (before hedging) 2)
Initial yield to maturity at re-opening 3)
Current average portfolio maturity
||Net of fees and not taking defaults, hedging effects and issuing commissions into account
||Net of fees, incl. swing factor and not taking defaults, hedging effects and issuing commissions into account
||Net of fees, incl. swing factor and not taking defaults and issuing commissions into account.
Performance chart (EUR-based, as of September 20, 2018)
Indexed, Month-end values
Past performance is not a reliable indicator of future results.
Performance (in %, as of September 20, 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.
By Credit rating (in %, as of August 31, 2018)
By the 10 largest positions (in %, as of August 31, 2018)
United States Treasury Bill
Perusahaan Penerbit SBSN Indonesia II
Serbia International Bond
Vnesheconombank Via VEB Finance PLC
Banco Nacional de Costa Rica
Ooredoo Tamweel Ltd
UBS Irl Select Money Market Fund - USD
Caixa Economica Federal
Lebanon Government International Bond
Sinopec Group Overseas Development 2013 Ltd
By sector (in %, as of August 31, 2018)
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 in a language required by the local applicable law free of charge from Northern Trust Global Services Limited, Luxembourg Branch, 6, rue Lou Hemmer, L-1748 Senningerberg 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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