Fact sheet: UBS (L)BdSICVEmgEcLCurBd

Fund information
Fund name
UBS (Lux) Bond SICAV - Emerging Economies Local Currency Bond (USD) P Acc
Fund manager company
UBS AG
Fund type
Offshore Fund
Fund managers
  • Federico Kaunesince 05/07/2015
  • Igor Arseninsince 21/05/2012
Fund objective
The fund mainly invests in bonds issued by sovereigns of emerging economies but also considers issues from companies which have their registered offices in emerging markets or are principally active in emerging markets. The fund’s investment focus is on emerging market bonds denominated in local currencies. The fund actively manages currency exposure, country and security selection, yield curve positioning, and duration.
Benchmark
  • JPM GBI EM Global Diversified
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
7.8%
1 Year rank in sector
146/218
Sector
FO Fixed Int - Emerging Markets
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.58%
Fund size
£183m (£97m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
102
Top in this sector
Fund name1 Year
Aberdeen Global II EMTlRB480%
UBS (L)BdSIC-Brazil$46%
Pictet Lat Am Lcl Cur Dt36%
Ashmore EMHghYldCrDb29.9%
Gramercy Allct Emg Mket Debt27%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Others22.2%
    Brazil12.6%
    Indonesia10.6%
    South Africa10%
    Thailand8%
  • Government Bonds90.6%
    Banks5.1%
    Financials2%
    Oil & Gas1.2%
    Electronic & Electrical Equipment0.4%
  • Global Fixed Interest22.2%
    Brazilian Fixed Interest12.6%
    Indonesian Fixed Interest10.6%
    South African Fixed Interest10%
    Thai Fixed Interest8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%7.7%0.1%7.8%-8.5%-
Sector0.6%4.4%1.2%9.5%5.8%5.9%
Rank within sector39 / 23429 / 233147 / 225146 / 218162 / 175-
Quartile1st1st3rd3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund7%8.4%-15.7%-8.4%-13.1%
Sector4.1%10.2%-7.3%-0.6%-7%
Rank within sector31 / 233144 / 217171 / 201165 / 169119 / 124
Quartile1st3rd4th4th4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-6.11
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.56
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0.01
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
12.01
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
5.4
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-1.02
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.92
Price movement
52 week high88.07
52 week low78.81
Current bid price-
Current offer price-
Current mid price86.89
Region
1Others22.17%
2Brazil12.59%
3Indonesia10.64%
4South Africa10.02%
5Thailand8.03%
6Russia7.99%
7Malaysia7.48%
8Mexico7.33%
9Colombia7.17%
Industry sector
1Government Bonds90.65%
2Banks5.15%
3Financials2.01%
4Oil & Gas1.24%
5Electronic & Electrical Equipment0.39%
6Transport0.3%
7Services0.25%
8Fixed Interest0.04%
Asset type
1Global Fixed Interest22.17%
2Brazilian Fixed Interest12.59%
3Indonesian Fixed Interest10.64%
4South African Fixed Interest10.02%
5Thai Fixed Interest8.03%
6Russian Fixed Interest7.99%
7Malaysian Fixed Interest7.48%
8Mexican Fixed Interest7.33%
9American Emerging Fixed Interest7.17%
Individual holdings
1BRAZIL(FEDERATIVE REPUBLIC OF) 0% TB 01/01/19 BRL10003.67%
2SOUTH AFRICA(REPUBLIC OF) 7% BDS 28/02/31 ZAR12.65%
3COLOMBIA(REPUBLIC OF) 7% NTS 04/05/22 COP10002.23%
4MINISTRY OF FINANCE (THAILAND) 3.65% BDS 17/12/21 THB10002.07%
5SOUTH AFRICA(REPUBLIC OF) 6.25% SER`R209` BDS 31/03/36 ZAR11.99%
6POLAND(STATE TREASURY OF) 5.75% BDS 25/10/21 PLN10001.87%
7TURKEY(REPUBLIC OF) 10.6% BDS 11/02/26 TRY10001.77%
8INDONESIA(REPUBLIC OF) 9% BDS 15/03/29 IDR10000001.72%
9ARGENTINA(REPUBLIC OF) 6.25% BDS 22/04/19 USD1500001.7%
Management
Fund manager group
UBS
Fund manager company
UBS AG
Fund type
Offshore Fund
Fund objective
The fund mainly invests in bonds issued by sovereigns of emerging economies but also considers issues from companies which have their registered offices in emerging markets or are principally active in emerging markets. The fund’s investment focus is on emerging market bonds denominated in local currencies. The fund actively manages currency exposure, country and security selection, yield curve positioning, and duration.
Benchmark
  • JPM GBI EM Global Diversified
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Federico Kaune05/07/2015Federico Kaune, Executive Director, joined Morgan Stanley in 2002 and has 7 years of investment experience. He is a portfolio manager and economic researcher for our Emerging Markets Debt portfolio. Prior to joining the Firm, he was a senior vice president and senior economist at Goldman Sachs & Co. Previously, he was an Economist at International Monetary Fund. Federico received a B.A. from University del Pacifico in Economics, an M.A. and Ph.D. from the University of Chicago in Economics. He is a member of the American Economic Association.
Igor Arsenin21/05/2012
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Offshore, Singapore, Sweden
UBS (Lux) Bond SICAV - Emerging Economies Local Currency Bond (USD) I-A1 Acc
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.67%
Total expense ratio (TER)0.62%
Bid price-
Offer price-
Mid price107.24
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE8OB
UBS (Lux) Bond SICAV - Emerging Economies Local Currency Bond (USD) I-X Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.03%
Total expense ratio (TER)0.02%
Bid price-
Offer price-
Mid price93.24
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFOUW
UBS (Lux) Bond SICAV - Emerging Economies Local Currency Bond (USD) P Acc
Initial charge1.5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price86.89
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0WH
UBS (Lux) Bond SICAV - Emerging Economies Local Currency Bond (USD) P Dist
Initial charge1.5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.56%
Bid price-
Offer price-
Mid price72.59
CurrencyUSD
Price updated22/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF0WI
UBS (Lux) Bond SICAV - Emerging Economies Local Currency Bond (USD) Q Acc
Initial charge1.5%
Annual charge0.64%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price107.06
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE8OA
UBS (Lux) Bond SICAV - Emerging Economies Local Currency Bond (USD) U-X Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.04%
Total expense ratio (TER)0.03%
Bid price-
Offer price-
Mid price9345.16
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0WP
Data provided by

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