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UBS ETF (IE) HFRX Global Hedge Fund Index SF UCITS ETF
Asset Class: Hedge Funds
Name of fund
UBS (Irl) Fund Solutions plc – HFRX Global Hedge Fund Index SF UCITS ETF
UBS (Irl) Fund Solutions plc – HFRX Global Hedge Fund Index SF UCITS ETF (hedged to GBP) A-acc
HFRX Global Hedge Fund Index hedged to GBP
Currency of share class
Accounting year end
Synthetic (Fully Funded Swap)
- The investment objective of the Fund is to deliver the net total return performance of the HFRX Global Hedge Fund Index less fees and expenses.
- The Fund replicates synthetically the index performance by investing in a swap.
- Any exposure of the Fund to the swap counterparty is collateralised at min. 105% with UCITS compliant collateral.
Current fund data and tax figures
27 Oct 2020
Official NAV per share
Share class assets (GBP m)
Total fund assets (USD m)
- Clients benefit from the flexibility of an exchange-traded investment.
- Provides access to the performance of the index.
- Optimised risk/return profile thanks to a broad diversification across a range of countries.
- The fund offers a high degree of transparency and cost efficiency.
- First ETF in the market providing access to the HFR Global Hedge fund Index.
Performance chart (in fund currency)
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.
Flat fee p.a.1)
Total expense ratio (TER) p.a.2)
1) Due to a reduction of the management fee in 2013, an estimate is being used rather than an ex-post figure.
2) as at 30.06.2019
Registrations for public distribution
Country of distribution
The fund delivers the return of a broadly diversified hedge fund index and may therefore be subject to high fluctuations in value. For this reason, an investment horizon of at least five years and corresponding risk tolerance and capacity are required. The returns payable on the fund are dependant on payments received by the fund from the swap counterparty under the terms of the relevant swap and, therefore, are subject to the credit risk of the swap counterparty. In the event that the swap counterparty defaults under the terms of the relevant swap, the fund may suffer a loss. Every fund has specific risks, which can significantly increase under unusual market conditions. The fund’s assets are passively managed. As a result, the net asset value of the fund’s assets is materially dependent on the performance of the underlying investments. Losses that could be avoided via active management will not be offset.
For marketing and information purposes by UBS. Representative in Switzerland for UBS funds established under foreign law: UBS Fund Management (Switzerland) AG, P.O. Box, CH-4002 Basel. Paying agent: UBS Switzerland AG, Bahnhofstrasse 45, CH-8001 Zurich. Prospectuses, key information document, 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 UBS Asset Management Switzerland AG, c/o UBS AG, Bahnhofstrasse 45, 8001 Zürich, Switzerland or from UBS Fund Management (Switzerland) AG, P.O. Box, CH-4002 Basel. The HFRX Global Hedge Fund Index is a trademark of Hedge Fund Research, Inc. and/or HFR Asset Management, LLC (“HFR”) and have been licensed by HFR to UBS solely for use in connection with its Product (“Product”). Other than this license, neither HFR nor the Index (which is complied independently of and without any regard to the Product) have any connection to the Product and have not participated in the Product’s creation and will not participate in it in any manner, including its on-going investment decisions and other administration and sales. The Product is not sponsored, endorsed, sold or promoted by HFR. HFR makes no express or implied recommendation, warranty or representation regarding the Product or the advisability of investing in it or its performance, including the results obtained by the Product. HFR has no obligation to advise the Product or any investor in the Product of any error in the Index. HFR has the right at any time to modify or change the Index, including the methodology used in its calculation, or to discontinue the calculation, publication and dissemination of the Index. HFR shall not be liable to the Product or to any investor in the Product for any damages of any kind or nature, including any error in the Index. The benchmark is the intellectual property of the index provider. The Share Class is not sponsored or endorsed by the index provider. Please refer to the Fund's prospectus for full disclaimer. Before investing in a product please read the latest prospectus carefully and thoroughly. 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. The information and opinions contained in this document have been compiled or arrived at based upon information obtained from sources believed to be reliable and in good faith, but is not guaranteed as being accurate, nor is it a complete statement or summary of the securities, markets or developments referred to in the document. Members of the UBS Group may have a position in and may make a purchase and / or sale of any of the securities or other financial instruments mentioned in this document. 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 Asset Management Switzerland AG or a local affiliated company. Source for all data and charts (if not indicated otherwise): UBS Asset Management. More explanations of financial terms can be found at ubs.com/am-glossary. © UBS 2020. The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved.