Fact sheet: UBS LBdSICVEMBds2017€

Fund information
Fund name
UBS (Lux) Bond SICAV - Emerging Markets Bonds 2017 (EUR) P Acc
Fund manager company
UBS AG
Fund type
Offshore Fund
Fund managers
  • Uta Fehmsince 05/07/2015
  • Federico Kaunesince 05/07/2015
Fund objective
The fund is broadly diversified investing in carefully selected emerging markets bonds mainly issued by sovereigns or quasi-sovereigns and denominated in USD. The fund aims to hold the bonds until maturity, but if there is a significant default risk and the markets are liquid the positions can be traded actively. Stringent ongoing review ensures continued suitability of instruments for the fund. The fund has a fixed term that runs until 07.08.2017. The fund’s currency hedge avoids exposure to USD/EUR exchange rate movements.
Benchmark
  • No Specified Index
Investment style
Target Maturity
Investment method
Fixed Interest
Quick stats
1 Year return
2%
1 Year rank in sector
12/34
Sector
FO Fixed Int - EUR
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.
0.95%
Fund size
£113m (£142m 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.
66
Top in this sector
Fund name1 Year
Schroder ISF EURCrConv5.5%
Union Quoniam Sel SICV€Cr3.9%
BNP Paribas FlxSecuritisation3.7%
Morg Stnly Euro Stragic Bd3.3%
CS 1Lux Ctgt Cap Eur3.3%
...more in FO Fixed Int - EUR

Performance snapshot

Holdings snapshot

  • Others29.7%
    India12.3%
    Turkey10.3%
    Indonesia10.3%
    Russia10%
  • Banks41.4%
    Government Bonds31.3%
    Financials16.3%
    Commodity & Energy4.2%
    Electronic & Electrical Equipment2.5%
  • Global Fixed Interest29.7%
    Indian Fixed Interest12.3%
    Middle East & African Fixed Interest10.3%
    Indonesian Fixed Interest10.3%
    Russian Fixed Interest10%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.1%-0.1%2%7.7%-
Sector-1%-1.9%-0.1%1.4%9.7%24.2%
Rank within sector5 / 343 / 3516 / 3512 / 3423 / 30-
Quartile1st1st2nd2nd4th
Calendar performance
 YTD - 20162015201420132012
Fund2.1%4.5%0.2%--
Sector1.8%0%7.7%1.5%10.2%
Rank within sector14 / 341 / 3331 / 31--
Quartile2nd1st4th
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.
1.79
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.
0.23
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
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%.
3.08
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.
3.54
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.
-0.16
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.
0.03
Price movement
52 week high106.8
52 week low103.75
Current bid price-
Current offer price-
Current mid price106.43
Region
1Others29.74%
2India12.26%
3Turkey10.33%
4Indonesia10.25%
5Russia9.96%
6Brazil8.56%
7Croatia5.33%
8Argentina4.57%
9United Arab Emirates4.56%
Industry sector
1Banks41.41%
2Government Bonds31.28%
3Financials16.33%
4Commodity & Energy4.17%
5Electronic & Electrical Equipment2.52%
6Mortgage & Secured Bonds1.87%
7Telecommunications1.22%
8Real Estate1.2%
9Others0%
Asset type
1Global Fixed Interest29.74%
2Indian Fixed Interest12.26%
3Middle East & African Fixed Interest10.33%
4Indonesian Fixed Interest10.25%
5Russian Fixed Interest9.96%
6Brazilian Fixed Interest8.56%
7European Emerging Fixed Interest5.33%
8American Emerging Fixed Interest4.57%
9GCC Fixed Interest4.56%
Individual holdings
1CROATIA(REPUBLIC OF) 6.25% BDS 27/04/17 USD1000 REG S5.28%
2STATE BANK INDIA LONDON BRANCH 4.125% BDS 01/08/17 USD200000 REG S5.06%
3ARGENTINA(REPUBLIC OF) 7% BDS 17/04/17 USD14.52%
4BANK OF CEYLON 6.875% BDS 03/05/17 USD1000 REG S4.39%
5TRADE & DEVELEOPMENT BK OF MONGOLIA 5.75% BDS 21/03/17 USD200000 REG S4.31%
6UNITED STATES OF AMER TREAS BILLS 0.625% BDS 31/07/17 USD1004.15%
7PETROBRAS INTERNATIONAL FINANCE CO 3.5% GBL NTS 06/02/17 USD10003.98%
8INDONESIA EXIMBANK 3.75% BDS 26/04/17 USD200000 REG S3.92%
9ICICI BANK 4.75% BDS 25/11/16 USD200000 REG S3.79%
Management
Fund manager group
UBS
Fund manager company
UBS AG
Fund type
Offshore Fund
Fund objective
The fund is broadly diversified investing in carefully selected emerging markets bonds mainly issued by sovereigns or quasi-sovereigns and denominated in USD. The fund aims to hold the bonds until maturity, but if there is a significant default risk and the markets are liquid the positions can be traded actively. Stringent ongoing review ensures continued suitability of instruments for the fund. The fund has a fixed term that runs until 07.08.2017. The fund’s currency hedge avoids exposure to USD/EUR exchange rate movements.
Benchmark
  • No Specified Index
Investment style
Target Maturity
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Uta Fehm05/07/2015"DVFA/CEFA, Director, Portfolio Manager, is responsible for investment analysis, recommendations, and management of sovereign debt in emerging markets. Her primary focus is Africa. Prior to joining the firm, Uta worked at Deutsche Asset Management in the Client Relation department and in Fixed Income Portfolio Management. She has investment industry experience since 1991 and specialised in emerging markets since 1999. Uta holds a Master’s degree in Economics from the Technical University of Dresden (Germany)."
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.
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, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Offshore, Singapore, Sweden
UBS (Lux) Bond SICAV - Emerging Markets Bonds 2017 (EUR) I-A1 Acc
Initial charge-
Annual charge0.43%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.56%
Bid price-
Offer price-
Mid price107.75
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFE2J
UBS (Lux) Bond SICAV - Emerging Markets Bonds 2017 (EUR) I-A1 Dist
Initial charge-
Annual charge0.43%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price100.01
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFE2K
UBS (Lux) Bond SICAV - Emerging Markets Bonds 2017 (EUR) K-1 Acc
Initial charge1%
Annual charge0.44%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.61%
Bid price-
Offer price-
Mid price3227484.17
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFE2L
UBS (Lux) Bond SICAV - Emerging Markets Bonds 2017 (EUR) K-1 Dist
Initial charge1%
Annual charge0.44%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.61%
Bid price-
Offer price-
Mid price2996257.48
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFE2M
UBS (Lux) Bond SICAV - Emerging Markets Bonds 2017 (EUR) P Acc
Initial charge1%
Annual charge0.72%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.96%
Bid price-
Offer price-
Mid price106.43
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFE2N
UBS (Lux) Bond SICAV - Emerging Markets Bonds 2017 (EUR) P Dist
Initial charge1%
Annual charge0.72%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.96%
Bid price-
Offer price-
Mid price99.68
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFE2O
UBS (Lux) Bond SICAV - Emerging Markets Bonds 2017 (EUR) Q Acc
Initial charge1%
Annual charge0.52%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price102.18
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFE2P
UBS (Lux) Bond SICAV - Emerging Markets Bonds 2017 (EUR) Q Dist
Initial charge1%
Annual charge0.52%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price102.11
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFE2Q
Data provided by

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