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UBS (Lux) Bond SICAV - Emerging Markets High Yield Bonds 2018 (USD) P-dist
ISIN no.:  LU1029158018
PDF
PDF
Overview  
Category profile
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!

Fund description
The fund mainly invests in sovereign, quasi-sovereign and corporate bonds denominated in US dollar from emerging market issuers across all credit qualities.
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 risk in check.
The fund will mature on 17 December 2018.

Key benefits
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 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 potential bond issuer defaults and market conditions between the maturity of the bonds in the fund and fund maturity

Risks
The fund involves the risk of issuer default on payments of coupons or the bond’s terminal value. Should any such default event occur, the value of the fund will be at risk. 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. During the fund’s life its net asset value (NAV) may decrease due to market events and depends on interest rate and credit spread movements. Emerging markets are at an early stage of development, which can typically involve a high level of price volatility and other specific risks, such as lower market transparency, regulatory hurdles, corporate governance as well as political and social challenges. The fund does not provide any guarantee on payouts of income and final net asset value. There is no specific estimate of the fund’s value as of maturity. This value depends on repayments of the bonds purchased by the fund and the reinvestment of undistributed interest income. All investments are subject to market fluctuations. The fund can invest in less liquid assets that may be difficult to sell in the case of distressed markets. Every fund has specific risks, which may increase considerably in unusual market conditions. This requires corresponding risk tolerance and capacity.

Product features
Product category
UBS Bond Funds
UBS Fixed Maturity 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
April 4, 2014
Currency of account
USD
Close of financial year
May 31
Issue / redemption
daily
Next distribution
August
Maturity
December 17, 2018
Management fee
0.84% p.a.
Total expense ratio (TER)
1.12% p.a.
Swing pricing
yes
Minimum investment
n.a.

Current data
Net asset value
USD102.34
13/12/2017
High - last 12 months
USD105.01
01/08/2017
Low - last 12 months
USD101.78
11/08/2017
Last distribution
USD3.17
07/08/2017
Assets of the unit class in mn
USD23.90
13/12/2017
Total product assets in mn
USD244.46
13/12/2017
Initial yield to maturity at launch (before hedging) 1)
4.42%
04/04/2014
Initial yield to maturity at re-opening 2)
4.05%
09/05/2014
Initial yield to maturity at re-opening 2)
3.63%
18/06/2014
Initial yield to maturity at re-opening 2)
4.20%
12/09/2014
Initial yield to maturity at re-opening 2)
4.80%
17/10/2014
Modified duration
0.56
30/11/2017
Current average portfolio maturity
06/2018
13/12/2017
Fund maturity
17/12/2018
 
1)  net of fees and not taking defaults and issuing commissions into account
2)  Net of fees, incl. swing factor and not taking defaults and issuing commissions into account.

Symbols
ISIN no.
LU1029158018
Bloomberg Ticker
UEMHYPD LX
Telekurs Id
n.a.

 
Performance chart (USD-based, as of December 13, 2017)
Indexed, Month-end values
Performance chart (USD-based, as of December 13, 2017)

Past performance is not a reliable indicator of future results.

Performance (in %, as of December 13, 2017)
in %
1
year
3
years
5
years
since
04/04/2014
USD
2.67
15.93
-
12.87
EUR
-7.08
22.88
-
31.46
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 November 30, 2017)
Chart

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

By the 10 largest positions (in %, as of November 30, 2017)
Petroleos Mexicanos
6.25
Banco Nacional de Costa Rica
5.23
Nigeria Government International Bond
5.07
Caixa Economica Federal
4.43
Serbia International Bond
3.73
Republic of Belarus International Bond
3.73
Bank of Ceylon
3.46
Ecopetrol SA
3.32
Turkiye Vakiflar Bankasi TAO
3.31
Vnesheconombank Via VEB Finance PLC
3.05

By maturity in years (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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