Singapore Retail Investors

UBS (Lux) Bond SICAV - Asian High Yield (USD) (SGD hedged) P-mdist
Last update
21.01.2021
ISIN: LU0626907124
General information
Name of fund |
UBS (Lux) Bond SICAV - Asian High Yield (USD) |
---|---|
Share class |
UBS (Lux) Bond SICAV - Asian High Yield (USD) (SGD hedged) P-mdist |
ISIN |
LU0626907124 |
Fund domicile |
LU |
Fund type |
open-end |
Benchmark1) |
JP Morgan Asian Credit Non-Investment Grade Index hedged to SGD |
Launch date |
30.08.2019 |
Currency of share class |
SGD |
Accounting year end |
31 May |
1) Reference index change on 01.10.2014 – old: J.P. Morgan Asian Credit Index Non-Investment Grade in ADXY, new: J.P. Morgan Asian Credit Index Non-Investment Grade Index USD
Fund description
- The fund invests in Asian high yield bonds (primarily non-investment grade bonds of Asian sovereign, quasi-sovereign and corporate issuers) denominated in US dollar, and seeks to generate an attractive risk-adjusted return.
- The fund allows the portfolio manager team to opportunistically invest up to 20% of the portfolio in Asian local currencies as an additional return driver.
- The fund is actively managed by the pan-Asian fixed income team located in Singapore, whose regional specialists are integrated with the global fixed income team and thus can leverage significant resources of the wider group.
- The exchange rate risk between USD and SGD is largely hedged.
Current fund data and tax figures
NAV Date |
21 Jan 2021 |
---|---|
Official NAV per share |
98.56 |
Total fund assets (USD m) |
2,909.76 |
Key benefits
- Through the diversified bond portfolio investors can participate in the Asian market's opportunities for higher yielding corporate bonds and local currencies.
- Active management in accordance with market conditions allows the portfolio to be dynamically adjusted throughout market cycles.
- Investors can particularly benefit from UBS's expertise in markets where transparency and access to information may be limited.
Performance chart (in fund currency)
Reference index change on 01.10.2014 – old: J.P. Morgan Asian Credit Index Non-Investment Grade in ADXY, new: J.P. Morgan Asian Credit Index Non-Investment Grade Index USD
These figures refer to the past. Past performance is not a reliable indicator of future results. Fund performance is net of fees. The performance shown does not take account of any commissions and costs charged when subscribing to and redeeming units.
Fees
Management fee p.a. |
1.16% |
---|---|
Total expense ratio (TER) p.a.1) |
1.51% |
Singapore Sales Charges (in %) |
none |
1) as at 31.05.2020
Latest dividend declaration
Distribution date |
15.01.2021 |
Coupon number |
16 |
Currency |
SGD |
Risks
- 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. Changes in interest and exchange rates have an effect on the value of the portfolio. This requires corresponding risk tolerance and capacity. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions.
- This share class (mdist) may make monthly, gross-of-fee distributions. As a consequence, in addition to income, this share class may also distribute capital. This can have negative tax consequences for investors in some jurisdictions. Investors should seek their own tax advice.
The official NAV reflects the price in which investors can buy or sell units in the Fund. Please note that the adjusted NAV is not to be relied on for buying or selling of units in the Fund.