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UBS (Lux) Bond SICAV - Floating Rate Income (USD) (CHF hedged) P-dist

Net asset value 95.03 CHF

Last update

06.12.2018

ISIN: LU1679115102

General information

Name of fund

UBS (Lux) Bond SICAV - Floating Rate Income (USD)

Share class

UBS (Lux) Bond SICAV - Floating Rate Income (USD) (CHF hedged) P-dist

ISIN

LU1679115102

Fund domicile

LU

Fund type

open-end

Reference Index

No representative reference index is available

Launch date

30.11.2017

Currency of share class

CHF

Accounting year end

31 May

Fund description

  • The Fund invests globally across sectors, mainly in floating rate, high yield corporate and securitized bonds denominated in various currencies.
  • The portfolio management team combines different bond instruments in line with their investment views with the aim to reduce interest rate risk, enhance income potential, diversify credit risk and manage liquidity.
  • At fund level, any non-USD currency exposure is hedged back to USD.
  • The exchange rate risk between USD and CHF is largely hedged.

Current fund data and tax figures

NAV Date

06 Dec 2018

Official NAV per share

95.03

Total fund assets (USD m)

591.56

Key benefits

Investors gain access to a globally diversified portfolio with reduced interest rate risk and attractive income potential as the key objective.

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. Adjusted NAV takes into account fund distributions.

Fees

Management fee p.a.

1.04%

Total expense ratio (TER) p.a.1)

1.35%

Singapore Sales Charges (in %)

none

1) as at 31.05.2018

Latest dividend declaration

Distribution date

01.08.2018

Coupon number

1

Currency

CHF

Risks

The fund's net asset value depends on interest rate and credit spread movements and will be negatively affected should any issuer held in the portfolio default. Depending on the credit quality, default risk is higher with high yield bonds than with investment grade corporate and government bonds. The fund may use derivatives, which involve counterparty risk and higher loss risk versus security investments as the option, future and swap markets are volatile. The fund may invest in emerging markets, which are at an early stage of development and typically involve high price volatility, lower market transparency, regulatory hurdles, corporate governance, political and social challenges, etc. All investments are subject to market fluctuations. Every fund has specific risks, which may increase considerably in unusual market conditions.