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 06/07/2015
  • Igor Arseninsince 22/05/2012
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
16.7%
1 Year rank in sector
55/201
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.
1.55%
Fund size
£156m (£82m 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.
90
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$56.8%
Pictet Lat Am Lcl Cur Dt44%
Old Mutual Em Mt Dt38.4%
SEI Emg Mkts Dt37.7%
Aviva Investors Emg Mkts Bd37.7%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Others18%
    Brazil14.6%
    Indonesia11.2%
    South Africa9.6%
    Mexico8.6%
  • Government Bonds92.1%
    Banks3.3%
    Financials1.7%
    Oil & Gas1.7%
    Others0.7%
  • Global Fixed Interest18%
    Brazilian Fixed Interest14.6%
    Indonesian Fixed Interest11.2%
    South African Fixed Interest9.6%
    Mexican Fixed Interest8.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%2.5%7.6%16.7%-12.7%-
Sector0.4%4%8.6%13.7%3.8%14.1%
Rank within sector49 / 213162 / 210130 / 20755 / 201148 / 162-
Quartile1st4th3rd2nd4th
Calendar performance
 YTD - 20162015201420132012
Fund15.8%-15.7%-8.4%-13.1%-
Sector13.2%-7.3%-0.6%-7%14.7%
Rank within sector56 / 205161 / 194165 / 170122 / 125-
Quartile2nd4th4th4th
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.
-6.52
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.
1.55
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%.
12.12
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.
5.37
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.
-1.06
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 low72.02
Current bid price-
Current offer price-
Current mid price86.72
Region
1Others18.03%
2Brazil14.56%
3Indonesia11.24%
4South Africa9.61%
5Mexico8.63%
6Malaysia8.55%
7Thailand8.15%
8Poland7.38%
9Turkey7.01%
Industry sector
1Government Bonds92.06%
2Banks3.27%
3Financials1.68%
4Oil & Gas1.66%
5Others0.74%
6Transport0.3%
7Services0.26%
8Fixed Interest0.04%
Asset type
1Global Fixed Interest18.03%
2Brazilian Fixed Interest14.56%
3Indonesian Fixed Interest11.24%
4South African Fixed Interest9.61%
5Mexican Fixed Interest8.63%
6Malaysian Fixed Interest8.55%
7Thai Fixed Interest8.15%
8Polish Fixed Interest7.38%
9Middle East & African Fixed Interest7.01%
Individual holdings
1INDONESIA(REPUBLIC OF) 9% BDS 15/03/29 IDR10000003.94%
2SOUTH AFRICA(REPUBLIC OF) 10.5% BDS 21/12/2026 ZAR1(186)3.84%
3POLAND(STATE TREASURY OF) 2.5% BDS 25/07/26 PLN10003.61%
4BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/25 BRL10003.15%
5BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/17 BRL10002.53%
6TURKEY(REPUBLIC OF) 8% NTS 12/03/25 TRY10002.34%
7COLOMBIA(REPUBLIC OF) 7.5% BDS 26/08/26 COP10001.95%
8BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL10001.87%
9ARGENTINA(REPUBLIC OF) 6.25% BDS 22/04/19 USD1500001.85%
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 Kaune06/07/2015Federico 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 Arsenin22/05/2012
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 charge2%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.64%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.56
CurrencyUSD
Price updated28/09/2016
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)0.01%
Total expense ratio (TER)0.01%
Bid price-
Offer price-
Mid price92.36
CurrencyUSD
Price updated28/09/2016
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)1.55%
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price86.72
CurrencyUSD
Price updated28/09/2016
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)1.55%
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price72.44
CurrencyUSD
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF0WI
UBS (Lux) Bond SICAV - Emerging Economies Local Currency Bond (USD) Q Acc
Initial charge2%
Annual charge0.64%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.48
CurrencyUSD
Price updated28/09/2016
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)0.01%
Total expense ratio (TER)0.01%
Bid price-
Offer price-
Mid price9258.07
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0WP
Data provided by

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