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
  • Ashley Perrottsince 30/06/2012
  • Ross Dilkessince 30/06/2012
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
9.4%
1 Year rank in sector
31/45
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.
1.47%
Fund size
£142m (£155m 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.
80
Top in this sector
Fund name1 Year
Candriam GFUS HiYld Crp Bd27.7%
Old Mutual MtyInc HiYdBd23.5%
Pioneer US Hi Yd15.9%
BNY Mellon Gbl Hi Yld Bd15.5%
Morg Stnly US$ HiYd Bd15.2%
...more in FO Fixed Int - USD High Yield

Performance snapshot

Holdings snapshot

  • China39.6%
    Hong Kong12%
    Sri Lanka10%
    India9.6%
    Indonesia8.5%
  • Real Estate21.9%
    Financials15.6%
    Others14.7%
    Government Bonds13.2%
    Banks8.8%
  • Chinese Fixed Interest39.6%
    Asia Pacific Emerging Fixed Interest14%
    Hong Kong Fixed Interest12%
    Indian Fixed Interest9.6%
    Indonesian Fixed Interest8.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%2.6%3.2%9.4%19.9%39.2%
Sector1.3%1.6%3%10.7%9.3%29.4%
Rank within sector45 / 511 / 4924 / 4631 / 453 / 356 / 28
Quartile4th1st3rd3rd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund4.2%10.6%2.4%5%-0.4%
Sector2.3%12.7%-3.1%0.7%6.2%
Rank within sector1 / 4934 / 443 / 383 / 3433 / 33
Quartile1st4th1st1st4th
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.
3.79
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.
0.89
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.
0.57
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%.
5.29
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.
2.88
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.
1.18
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.
0.72
Price movement
52 week high140.54
52 week low128.49
Current bid price-
Current offer price-
Current mid price140.54
Region
1China39.64%
2Hong Kong11.95%
3Sri Lanka10.01%
4India9.56%
5Indonesia8.46%
6Philippines7.49%
7Pakistan4.04%
8Others3.92%
9Korea3.13%
Industry sector
1Real Estate21.89%
2Financials15.56%
3Others14.74%
4Government Bonds13.23%
5Banks8.79%
6Mineral Extraction7.35%
7Transport6.71%
8Commodity & Energy4.78%
9Oil & Gas4.21%
Asset type
1Chinese Fixed Interest39.64%
2Asia Pacific Emerging Fixed Interest14.05%
3Hong Kong Fixed Interest11.95%
4Indian Fixed Interest9.56%
5Indonesian Fixed Interest8.46%
6Philippine Fixed Interest7.49%
7Global Fixed Interest3.92%
8South Korean Fixed Interest3.13%
9Asia Pacific Fixed Interest1.79%
Individual holdings
1PAKISTAN(REPUBLIC OF) 8.25% BDS 15/04/24 USD200000 REG S3.98%
2WOORI BANK KOREA VAR UNDATED NTS USD200000REG S3.09%
3NATIONAL SAVINGS BANK 5.15% BDS 10/09/19 USD2000002.84%
4STATE BANK OF INDIA 7.14% IRR DEB USD1000002.82%
5GARUDA INDONESIA GLOBAL SUKUK 5.95% BDS 03/06/20 USD2000002.79%
6VEDANTA RESOURCES 8.25% BDS 07/06/21 USD200000 REG S2.69%
7SRILANKAN AIRLINES LTD 5.3% BDS 27/06/19 USD2000002.47%
8GRAND CHINA AIR (HONG KONG) LTD 4% MTN 06/03/19 USD2000002.41%
9CHINA EVERGRANDE GROUP-REG-S 8.25000% 17-23.03.222.3%
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
Ashley Perrott30/06/2012Ashley 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.
Ross Dilkes30/06/2012
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)1.47%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price133.65
CurrencyCHF
Price updated24/04/2017
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)0.87%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price115.64
CurrencyCHF
Price updated24/04/2017
TypeAccumulation
Institutional or retail classInstitutional
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 updated04/10/2013
TypeAccumulation
Institutional or retail classInstitutional
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)1.47%
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price136.51
CurrencyEUR
Price updated24/04/2017
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)0.87%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price116.74
CurrencyEUR
Price updated24/04/2017
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)0.54%
Total expense ratio (TER)0.54%
Bid price-
Offer price-
Mid price145.52
CurrencyUSD
Price updated24/04/2017
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)0.03%
Total expense ratio (TER)0.02%
Bid price-
Offer price-
Mid price105.07
CurrencyUSD
Price updated24/04/2017
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)0.97%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price7211959.98
CurrencyUSD
Price updated24/04/2017
TypeAccumulation
Institutional or retail classInstitutional
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)1.47%
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price140.54
CurrencyUSD
Price updated24/04/2017
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)1.47%
Total expense ratio (TER)1.47%
Bid price-
Offer price-
Mid price111.45
CurrencyUSD
Price updated24/04/2017
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)1.46%
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price99.73
CurrencyUSD
Price updated24/04/2017
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)0.87%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price116.18
CurrencyUSD
Price updated24/04/2017
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)0.87%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price114.19
CurrencyUSD
Price updated24/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWYH
Data provided by

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