Fact sheet: UBS LBdSICVEMBds2018€

Fund information
Fund name
UBS (Lux) Bond SICAV - Emerging Markets Bonds 2018 (EUR) P Acc
Fund manager company
UBS AG
Fund type
Offshore Fund
Fund managers
  • Federico Kaunesince 06/07/2015
  • Uta Fehmsince 06/07/2015
Fund objective
The fund mainly invests in sovereign, quasisovereign and corporate bonds denominated in US dollar from emerging market issuers with high creditworthiness on average (rated investment grade by established rating agencies). The fund manager combines carefully selected issuers of different credit qualities from different sectors and countries, and securities with different maturities with the aim to seize interesting investment opportunities while keeping risks in check. Exchange rate risks versus the fund currency euro is hedged using derivative instruments. The fund will mature on 17 December 2018.
Benchmark
  • No Specified Index
Investment style
Target Maturity
Investment method
Fixed Interest
Quick stats
1 Year return
5.1%
1 Year rank in sector
23/42
Sector
FO Fixed Int - USD
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
£86m (£67m 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.
61
Top in this sector
Fund name1 Year
CG Dollar24.8%
Nordea 1 US Tot Ret Bd21.4%
Ashmore Emg Mkt Sovrn Dbt17.1%
Nordea 1 Emrg Mkt Bd14.7%
CG Gearing Portfolio12.6%
...more in FO Fixed Int - USD

Performance snapshot

Holdings snapshot

  • Others42.7%
    Russia9.9%
    Indonesia9.5%
    Brazil7.1%
    Hungary5.8%
  • Banks35.8%
    Government Bonds31.3%
    Financials12.8%
    Oil & Gas4.7%
    Mortgage & Secured Bonds3.4%
  • Global Fixed Interest42.7%
    Russian Fixed Interest9.9%
    Indonesian Fixed Interest9.5%
    Brazilian Fixed Interest7.1%
    Hungarian Fixed Interest5.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%0.7%2.8%5.1%--
Sector0.1%2.8%4.6%5.8%10.3%17.9%
Rank within sector15 / 4334 / 4330 / 4223 / 42--
Quartile2nd4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund4.6%3.5%---
Sector6.2%-0.5%3.4%0%6.8%
Rank within sector29 / 429 / 39---
Quartile3rd1st
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high108.81
52 week low102.67
Current bid price-
Current offer price-
Current mid price108.75
Region
1Others42.68%
2Russia9.87%
3Indonesia9.53%
4Brazil7.08%
5Hungary5.82%
6India5.59%
7Turkey5.29%
8Argentina5.24%
9Korea4.67%
Industry sector
1Banks35.8%
2Government Bonds31.3%
3Financials12.79%
4Oil & Gas4.66%
5Mortgage & Secured Bonds3.42%
6Others2.68%
7Real Estate2.61%
8Commodity & Energy2.45%
9Telecommunications2.27%
Asset type
1Global Fixed Interest42.68%
2Russian Fixed Interest9.87%
3Indonesian Fixed Interest9.53%
4Brazilian Fixed Interest7.08%
5Hungarian Fixed Interest5.82%
6Indian Fixed Interest5.59%
7Middle East & African Fixed Interest5.29%
8American Emerging Fixed Interest5.24%
9South Korean Fixed Interest4.67%
Individual holdings
1ARGENTINA(REPUBLIC OF) 7% BDS 17/04/17 USD15.04%
2NIGERIA(FEDERAL REPUBLIC OF) 5.125% NTS 12/07/18 USD2000004.08%
3BANCO NAL COSTA RICA 4.875% SNR NTS 01/11/18 USD10003.56%
4GHANA(REPUBLIC OF) 8.5% NTS 04/10/17 USD100000 `REGS`3.21%
5GABONESE REPUBLIC 8.20% NTS 12/12/17 USD100000 `REGS`3.06%
6STATE BANK INDIA LONDON BRANCH 3.25% BDS 18/04/18 USD10002.96%
7MAGYAR EXPORT-IMPORT BANK ZRT 5.5% NTS 12/02/18 USD1000 REG S2.89%
8CROATIA(REPUBLIC OF) 6.25% BDS 27/04/17 USD1000 REG S2.81%
9HUNGARY 4.125% BDS 19/02/18 USD20002.7%
Management
Fund manager group
UBS
Fund manager company
UBS AG
Fund type
Offshore Fund
Fund objective
The fund mainly invests in sovereign, quasisovereign and corporate bonds denominated in US dollar from emerging market issuers with high creditworthiness on average (rated investment grade by established rating agencies). The fund manager combines carefully selected issuers of different credit qualities from different sectors and countries, and securities with different maturities with the aim to seize interesting investment opportunities while keeping risks in check. Exchange rate risks versus the fund currency euro is hedged using derivative instruments. The fund will mature on 17 December 2018.
Benchmark
  • No Specified Index
Investment style
Target Maturity
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.
Uta Fehm06/07/2015"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)."
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, 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 2018 (EUR) K-1 Acc
Initial charge1%
Annual charge0.44%
Min single investment£3,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.58%
Bid price-
Offer price-
Mid price3290946.6
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFIJG
UBS (Lux) Bond SICAV - Emerging Markets Bonds 2018 (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)0.57%
Bid price-
Offer price-
Mid price3114288.89
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFIJH
UBS (Lux) Bond SICAV - Emerging Markets Bonds 2018 (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)0.93%
Bid price-
Offer price-
Mid price108.75
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFIJE
UBS (Lux) Bond SICAV - Emerging Markets Bonds 2018 (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)0.93%
Bid price-
Offer price-
Mid price103.66
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFIJF
UBS (Lux) Bond SICAV - Emerging Markets Bonds 2018 (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)-
Bid price-
Offer price-
Mid price104.03
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE2DA
UBS (Lux) Bond SICAV - Emerging Markets Bonds 2018 (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)-
Bid price-
Offer price-
Mid price102.17
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE2CZ
Data provided by

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