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UBS (Lux) Bond Fund – High Yield Distributor EUR

  • INVESTMENT OBJECTIVES

    When selecting issuers of such bonds, particular attention is taken to spread investments across the various credit ratings. Investors profit from an actively managed portfolio with high return potential that is composed using strict criteria in terms of security and sector selection and credit quality.

    STRUCTURE

    The fund invests primarily in high-yield corporate bonds selected using strict criteria, either denominated in EUR or hedged into EUR.

    MANAGEMENT

    The fund manager combines carefully selected issuers from various countries and securities with different maturities with the objective of exploiting interesting earnings opportunities and in doing so keeping the level of risk under control.

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Overview

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Factsheet

  • NAV/Price: Click here for latest price

    Name of fund UBS (Lux) Bond Fund – Euro High Yield (EUR)
    Share class UBS (Lux) Bond Fund – Euro High Yield (EUR) P-dist
    ISIN LU0085995990
    Securities no. 883 655
    Bloomberg SBCEHAI LX
    Currency of fund EUR
    Currency of share class EUR
    Fund type open-end
    Launch date 15.05.1998
    Issue/redemption daily
    Swing pricing yes
    Accounting year end 31 March
    Reference Index BofA Merrill Lynch EUR High Yield 3%Constrained Index
    Theoretical yield to maturity (net) 2.05%
    Theoretical yield to worst (net) 1.64%
    Average rating BB-
    Option Adjusted Duration 2.47
    Distribution June
    Last distribution 06.06.2016 EUR 1.90
    Management fee p.a. 1.01%
    Total expense ratio (TER) p.a.¹ 1.32%

    ¹as at 31.03.2016

    Performance (basis EUR, net of fees)¹

    in % 2015 2016 2017 YTD² May 2017 5 years Ø p.a. 5 years
    Fund (EUR) 0.99 7.11 4.19  7.5  53.29  8.92
    Ref. Index³ 0.71 9.10 3.67  4.71  53.65  8.97

    ¹These 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. Source for all data and charts (if not indicated otherwise): UBS Asset Management

    ²YTD: year-to-date (since beginning of the year)

    ³Reference Index in currency of share class (without costs)

  • Fund statistics

    Net asset value (EUR, 31.05.2017) 51.75
    Last 12 months (EUR)
    – high 51.75
    – low 46.46
    Total fund assets (EUR m) 2868.33
    Share class assets (EUR m) 219.77
    3 years 5 years
    Beta 0.90 0.99
    Volatility¹
    – Fund 4.44% 4.66%
     Reference Index 4.79% 4.57%
    Sharpe ratio 0.92 1.93
    Risk free rate -0.19% -0.06%

    ¹Annualised standard deviation

    Credit quality (%)

     Fund Deviation from index
    BBB-&higher 4.55 3.6
    BB+ 17.72 -17.5
    BB 12.43 -10.6
    BB- 13.68 0.8
    B+ 10.75 3.5
    B 13.17 3.6
    B- 14.03 8.0
    CCC+&lower 11.05 6.5
    Cash&Equivalents 1.71 1.3
    Others 0.91 0.9

    Categories of borrowers (%)

     Sectors   Fund Deviation from index
    Industrials 65.65 -10.1
    Financials 25.47 5.5
    Utility 3.06 -0.8
    Cash & Equivalents 1.71 1.3
    Others 4.11 4.1

    10 largest positions (%)

     Fund
    Wind Acquisition Finance 2.7
    Altice 2.4
    Royal Bank of Scotland 2.3
    Ardagh Pkg Finance 2.0
    Telecom Italia SPA 1.9
    Petrobras Global Finance 1.8
    Areva SA 1.7
    Fiat 1.6
    HSBC 1.4
    Banco Popolare Sc 1.4

Legal Information

PERFORMANCE FIGURES QUOTED REFER TO THE PAST AND ARE NOT A GUARANTEE FOR FUTURE PERFORMANCE. THE VALUE OF THE INVESTMENTS INCLUDING CURRENCY FLUCTUATIONS, AND INCOME FROM THEM CAN GO DOWN AS WELL AS UP AND INVESTORS MAY NOT GET BACK THE FULL AMOUNT INVESTED. CALAMATTA CUSCHIERI INVESTMENT SERVICES LTD. IS LICENSED TO CONDUCT INVESTMENT SERVICES BUSINESS BY THE MFSA. INVESTORS MAY INCUR A SUBSCRIPTION CHARGE AND MAY BE SUBJECT TO TAX ON DISTRIBUTIONS. INVESTMENT SHOULD BE BASED ON THE PROSPECTUS AND KIID DOCUMENT, WHICH MAY BE OBTAINED FROM CCIS OFFICES. THIS IS NOT A CAPITAL GUARANTEED PRODUCT.