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
6.4%
1 Year rank in sector
142/216
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
£137m (£83m 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
UBS (L)BdSIC-Brazil$38.1%
Pictet Lat Am Lcl Cur Dt34.7%
Schroder ISF EmgMktBd31.6%
Rubrics Ind Fxd Inc UCITS31.5%
Pioneer SICV-Emg Mkt Bd29.3%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Others19.2%
    Brazil15.1%
    Indonesia11.3%
    South Africa9.7%
    Malaysia7.9%
  • Government Bonds90.2%
    Banks4.8%
    Oil & Gas2.2%
    Financials2.1%
    Transport0.3%
  • Global Fixed Interest19.2%
    Brazilian Fixed Interest15.1%
    Indonesian Fixed Interest11.3%
    South African Fixed Interest9.7%
    Malaysian Fixed Interest7.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.6%-7.4%-3.2%6.4%-16.9%-
Sector-3.3%-3.7%1.6%7.8%1.1%6.9%
Rank within sector190 / 224200 / 223200 / 221142 / 216156 / 170-
Quartile4th4th4th3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund8.3%-15.7%-8.4%-13.1%-
Sector9.4%-7.3%-0.6%-7%14.7%
Rank within sector122 / 218171 / 202168 / 172126 / 129-
Quartile3rd4th4th4th
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.
-6.3
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.
1.59
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%.
12.26
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.
5.57
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.
-1.19
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 price81.12
Region
1Others19.22%
2Brazil15.06%
3Indonesia11.31%
4South Africa9.7%
5Malaysia7.89%
6Russia7.82%
7Turkey7.65%
8Thailand7.63%
9Mexico7.5%
Industry sector
1Government Bonds90.19%
2Banks4.8%
3Oil & Gas2.19%
4Financials2.11%
5Transport0.32%
6Services0.26%
7Others0.09%
8Fixed Interest0.05%
Asset type
1Global Fixed Interest19.22%
2Brazilian Fixed Interest15.06%
3Indonesian Fixed Interest11.31%
4South African Fixed Interest9.7%
5Malaysian Fixed Interest7.89%
6Russian Fixed Interest7.82%
7Middle East & African Fixed Interest7.65%
8Thai Fixed Interest7.63%
9Mexican Fixed Interest7.5%
Individual holdings
1BRAZIL(FEDERATIVE REPUBLIC OF) 0% TB 01/01/19 BRL10004.44%
2INDONESIA(REPUBLIC OF) 9% BDS 15/03/29 IDR10000003.79%
3POLAND(STATE TREASURY OF) 5.75% BDS 25/10/21 PLN10003%
4SOUTH AFRICA(REPUBLIC OF) 7% BDS 28/02/31 ZAR12.56%
5BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/25 BRL10002.41%
6BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL10001.98%
7COLOMBIA(REPUBLIC OF) 7.5% BDS 26/08/26 COP10001.96%
8HUNGARY 5.5% BDS 24/06/25 HUF100001.9%
9TURKEY(REPUBLIC OF) 9.5% BDS 12/01/22 TRY1001.83%
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)0.64%
Total expense ratio (TER)0.62%
Bid price-
Offer price-
Mid price99.85
CurrencyUSD
Price updated07/12/2016
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)0.02%
Bid price-
Offer price-
Mid price86.65
CurrencyUSD
Price updated07/12/2016
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)1.57%
Bid price-
Offer price-
Mid price81.12
CurrencyUSD
Price updated07/12/2016
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)1.56%
Bid price-
Offer price-
Mid price67.76
CurrencyUSD
Price updated07/12/2016
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)0.85%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price99.74
CurrencyUSD
Price updated07/12/2016
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)0.03%
Bid price-
Offer price-
Mid price8685.32
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0WP
Data provided by

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