Fact sheet: UBS LBdSICVAsnHiYld$

Fund information
Fund name
UBS (Lux) Bond SICAV - Asian High Yield (USD) P Acc
Fund manager company
UBS AG
Fund type
Offshore Fund
Fund managers
  • Ross Dilkessince 29/06/2012
  • Ashley Perrottsince 29/06/2012
Fund objective
The fund invests predominantly in higher yielding corporate bonds issued by companies with registered offices in Asia or principal activity in Asia. In addition to Asian credit exposure the fund offers investors exposure to a basket of Asian local currencies. The fund actively manages currency exposure, country allocation, interest rate risk, credit exposure and security selection.
Benchmark
  • JP Morgan Asian Credit Non-Investment Grade Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
9.5%
1 Year rank in sector
9/43
Sector
FO Fixed Int - USD High Yield
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.
1.45%
Fund size
£163m (£195m 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.
77
Top in this sector
Fund name1 Year
Candriam GFUS HiYld Corp Bd33%
Allianz US HiYd31.6%
Old Mutual MtyInc HiYdBd26.8%
Nomura US Hg Yld Bd12.9%
Morg Stnly US$ HiYd Bd10.2%
...more in FO Fixed Int - USD High Yield

Performance snapshot

Holdings snapshot

  • China38.3%
    Philippines10.6%
    India10.5%
    Sri Lanka10.5%
    Hong Kong8%
  • Real Estate24%
    Others16.7%
    Government Bonds14.3%
    Financials11.5%
    Banks8%
  • Chinese Fixed Interest38.3%
    Asia Pacific Emerging Fixed Interest13.1%
    Philippine Fixed Interest10.6%
    Indian Fixed Interest10.5%
    Hong Kong Fixed Interest8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-0.4%3.3%9.5%20%-
Sector-0.2%0.8%5.4%8.4%8.6%33.9%
Rank within sector42 / 4533 / 4335 / 439 / 432 / 34-
Quartile4th4th4th1st1st
Calendar performance
 YTD - 20162015201420132012
Fund10.4%2.4%5%-0.4%-
Sector10.8%-3.1%0.7%6.2%14.1%
Rank within sector26 / 432 / 392 / 3433 / 33-
Quartile3rd1st1st4th
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.
3.84
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.
0.88
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.
0.59
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%.
5.2
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.
2.87
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.
1.2
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.
0.71
Price movement
52 week high136.39
52 week low120.09
Current bid price-
Current offer price-
Current mid price133.74
Region
1China38.26%
2Philippines10.61%
3India10.55%
4Sri Lanka10.49%
5Hong Kong8.04%
6Indonesia7.68%
7Others5.25%
8Korea4.78%
9Pakistan2.61%
Industry sector
1Real Estate23.96%
2Others16.71%
3Government Bonds14.34%
4Financials11.54%
5Banks7.97%
6Transport7.03%
7Building Materials & Merchants5.57%
8Commodity & Energy4.55%
9Mineral Extraction4.53%
Asset type
1Chinese Fixed Interest38.26%
2Asia Pacific Emerging Fixed Interest13.1%
3Philippine Fixed Interest10.61%
4Indian Fixed Interest10.55%
5Hong Kong Fixed Interest8.04%
6Indonesian Fixed Interest7.68%
7Global Fixed Interest5.25%
8South Korean Fixed Interest4.78%
9Singapore Fixed Interest1.75%
Individual holdings
1CAIFU HOLDINGS LTD 8.75% BDS 24/01/20 USD200000 REG S3.52%
2ROYAL CAPITAL BV 4.875% BDS 29/12/49 USD2000003.24%
3AGILE GROUP HLDGS LTD 9.875% BDS 20/03/17 USD2000003.08%
4FANTASIA HOLDINGS GROUP CO LTD 11.5% BDS 01/06/18 USD2000002.94%
5VEDANTA RESOURCES 6% BDS 31/01/19 USD2000002.89%
6FPC TREASURY LTD 4.5% MTN 16/04/23 USD10002.7%
7PETRON CORP 7.5% BDS 06/08/18 USD1000 REG S2.6%
8WOORI BANK KOREA 4.75% BDS 30/04/24 USD2000002.53%
9STATE BANK OF INDIA 7.14% IRR DEB USD1000002.47%
Management
Fund manager group
UBS
Fund manager company
UBS AG
Fund type
Offshore Fund
Fund objective
The fund invests predominantly in higher yielding corporate bonds issued by companies with registered offices in Asia or principal activity in Asia. In addition to Asian credit exposure the fund offers investors exposure to a basket of Asian local currencies. The fund actively manages currency exposure, country allocation, interest rate risk, credit exposure and security selection.
Benchmark
  • JP Morgan Asian Credit Non-Investment Grade Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ross Dilkes29/06/2012
Ashley Perrott29/06/2012Ashley Perrott has overall responsibility for all Pan Asia fixed income activities and strategy. He is responsible for Pan Asia interest rate and sector allocation strategies. Prior to taking on his current role, Ashley had been an investment specialist for the Pan Asia fixed income capability where he was responsible for communicating and developing Asian and global fixed income strategies and was a member of the Pan Asia fixed income strategy team. Ashley joined UBS Global Asset Management in 2004 based in Sydney. Prior to this, Ashley gained extensive fund management experience covering a wide variety of investment markets and clients. He was Head of Fixed Income at Westpac Investment Management for 5 years where his team was responsible for the management of all cash and fixed interest funds. Ashley has also previously worked as Head of Fixed Income at Barclays Global Investors (Australia) for 3 years and as a senior portfolio manager with AMP Investments for over 10 years, both in Australia and London.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Offshore, Singapore, Sweden
UBS (Lux) Bond SICAV - Asian High Yield (USD) (CHF hedged) P Acc
Initial charge1.5%
Annual charge1.12%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price128.38
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0VO7
UBS (Lux) Bond SICAV - Asian High Yield (USD) (CHF hedged) 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)0.9%
Bid price-
Offer price-
Mid price111.54
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFWYF
UBS (Lux) Bond SICAV - Asian High Yield (USD) (EUR hedged) K-1 Acc
Initial charge6%
Annual charge0.72%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price3306919.63
CurrencyEUR
Price updated03/10/2013
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0VO8
UBS (Lux) Bond SICAV - Asian High Yield (USD) (EUR hedged) P Acc
Initial charge1.5%
Annual charge1.12%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price130.85
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0VO9
UBS (Lux) Bond SICAV - Asian High Yield (USD) (EUR hedged) 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)0.91%
Bid price-
Offer price-
Mid price112.37
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWYG
UBS (Lux) Bond SICAV - Asian High Yield (USD) F Acc
Initial charge1.5%
Annual charge0.42%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.54%
Bid price-
Offer price-
Mid price138.87
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFALF
UBS (Lux) Bond SICAV - Asian High Yield (USD) I-X Dist
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 price100.06
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF7BN
UBS (Lux) Bond SICAV - Asian High Yield (USD) K-1 Acc
Initial charge1.5%
Annual charge0.72%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price6893793.23
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0VO2
UBS (Lux) Bond SICAV - Asian High Yield (USD) P Acc
Initial charge1.5%
Annual charge1.12%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price133.74
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0VO4
UBS (Lux) Bond SICAV - Asian High Yield (USD) P Dist
Initial charge1.5%
Annual charge1.12%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.47%
Bid price-
Offer price-
Mid price106.05
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0VO3
UBS (Lux) Bond SICAV - Asian High Yield (USD) P mdist
Initial charge1.5%
Annual charge1.12%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price98.06
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0VO5
UBS (Lux) Bond SICAV - Asian High Yield (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)0.75%
Bid price-
Offer price-
Mid price111.01
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE10M
UBS (Lux) Bond SICAV - Asian High Yield (USD) Q Dist
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)0.91%
Bid price-
Offer price-
Mid price109.11
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWYH
Data provided by

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