Funds and prices

Overview

This actively managed, defensive equity fund invests in companies from the US that are expected to offer a high yield from share buybacks and dividends.

The fund focuses on quality factors to exclude low quality stocks, including the company’s ability to pay stable or growing dividends.

The fund aims to generate additional income through call overwriting.

The strategy is based on a quantitative model.

蜜豆视频 Asset Management classifies this fund as a Sustainability Focus Fund, which promotes environmental and social characteristics in accordance with SFDR Article 8. The research and portfolio construction processes incorporate ESG risk integration and screening and comply with 蜜豆视频 Asset Management Sustainability exclusion policy. For more information on Sustainability at 蜜豆视频, please refer to www.ubs.com/am-si-commitment.

The portfolio manager is not tied to the benchmark in terms of investment selection or weight.

The exchange rate risk between USD and CHF is largely hedged.

Benefits

Easy access to a high quality, defensive US equity portfolio which aims to provide some downside cushion during market corrections.

Strong income component generated from share buybacks, dividends and call option premiums.

Investors can profit from a portfolio that seeks optimal diversification - low single stock weights and broad sector allocations.

Experienced investment team with a solid track record in running both US equity and equity yield strategies.

Risks

蜜豆视频 Equity Funds invest in equities and may therefore be subject to high fluctuations in value. As these 蜜豆视频 funds pursue an active management style, each fund's performance can deviate substantially from that of its reference index. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk). In distributing share classes, the equity yield, net of fund fees, will be distributed. The distributing (-dist) share classes of this fund intend to distribute capital as well as income (e.g. from dividends). Investors in some jurisdictions may incur a higher rate of tax on distributed capital than on any capital gains which are realized on disposal of fund shares. Some investors may therefore choose to invest in the accumulating (-acc) instead of the distributing (-dist) share classes. Investors may be taxed at a later point in time on income and capital arising on accumulating (-acc) share classes compared to distributing (-dist) share classes. Investors should seek their own tax advice.

Features

Product category
蜜豆视频 Equity Funds
蜜豆视频 Country & Regional Funds
Product domicile
Luxembourg
Portfolio management
蜜豆视频 Asset Management
Fund management
蜜豆视频 Fund Management (Luxembourg) S.A., Luxembourg
Custodian bank
蜜豆视频 Europe SE, Luxembourg Branch
Tax representative
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Day of inception
September 17, 2015
Currency of account
USD
Currency of unit class
CHF
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
0.82% p.a.
Total expense ratio (TER)
1.10% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
MSCI USA (net. div. reinv.) (hedged CHF)
ISIN
LU1240788221
Bloomberg Ticker
UBUICQA LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
CHF(%) EUR(%)
YTD
1M
3M
6M
1Y 8.52 10.01
2Y
3Y 14.26 29.29
5Y 32.14 50.88
ø p.a.5Y 5.73 8.57

Current data

Net asset value 03.04.2024 CHF 167.64
High - last 12 months 28.03.2024 CHF 169.30
Low - last 12 months 27.10.2023 CHF 145.83
Assets of the unit class in mn 03.04.2024 CHF 3.25
Total product assets in mn 03.04.2024 CHF 1,238.21
Indicative current equity yield 29.02.2024 11.20%
Statistical data
Date
2 years
5 years
Total risk reference index / benchmark 29.02.2024 19.89% 18.72%
Sharpe Ratio 29.02.2024 0.03 0.39
Risk Free Rate 31.03.2024 0.87% -0.06%

Structures

By the 10 largest equity positions (in %, as of February 29, 2024)

 
 
General Electric Co 3.36
Hartford Financial Services Group Inc/The 3.35
Home Depot Inc/The 3.34
Visa Inc 3.12
Cognizant Technology Solutions Corp 3.09
Chevron Corp 3.03
NetApp Inc 3.02
Cardinal Health Inc 3.01
General Mills Inc 2.98
HCA Healthcare Inc 2.95

Fees

Flat fee
1.03%
Management fee p.a.
0.82%
Max. issuing commission
5.00%
Max. redemption commission
0.00%
Distribution fee
(see info)

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information / Tax representative
Austria
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Belgium
BNP PARIBAS Securities Services
Denmark
蜜豆视频 AG, Stockholm
Finland
蜜豆视频 AG, Stockholm
Germany
蜜豆视频 Europe SE
Greece
Bank of Cyprus Ltd.
Italy
蜜豆视频 Asset Management SGR S.p.A.
Liechtenstein
Liechtensteinische Landesbank AG
Luxembourg
蜜豆视频 Fund Services (Luxembourg) S.A.
Netherlands
蜜豆视频 Investment Bank Nederland BV.
Spain
蜜豆视频 Europe SE, sucursal en España
Sweden
蜜豆视频 AG, Stockholm
Switzerland
蜜豆视频 Fund Management (Switzerland) AG
United Kingdom
蜜豆视频 Asset Management (UK) Limited

Literature

Brochures
Document type
Document Language
Fact Sheet
Manager Commentary
Fact Sheet - 蜜豆视频 Equity Funds
Fact Sheet - 蜜豆视频 Country & Regional Funds
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
ESG Disclosure
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
Semi-annual report