Funds and prices

Overview

The actively managed fund invests primarily in high-yield corporate bonds selected using strict criteria.

When selecting issuers of such bonds, particular attention is taken to spread investments across the various credit ratings.

The investment objective is to generate a higher return than on prime USD bonds.

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

Benefits

Clients benefit from the return potential of corporate bonds, which is higher than that of government bonds.

Active portfolio management ensures that particular attention is paid to the prevailing economic situation, sector selection and issuers' credit ratings.

Risk is kept in check via meticulous company analysis and broad diversification of the portfolio.

Risks

Depending on the credit quality, the default risk is higher in the case of high yield bonds than with investment grade corporate and government bonds. Changes in interest rates have an effect on the value of the portfolio. This requires corresponding risk tolerance and capacity. 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).

Features

Product category
Bond
High Yield
Product domicile
Luxembourg
Portfolio management
蜜豆视频 Asset Management (Americas) LLC, New York
Fund management
蜜豆视频 Fund Management (Luxembourg) S.A., Luxembourg
Custodian bank
蜜豆视频 Europe SE, Luxembourg Branch
Representative for products established under foreign law
蜜豆视频 Fund Management (Switzerland) AG
Day of inception
March 15, 2011
Currency of account
USD
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
0.00% p.a.
Total expense ratio (TER)
0.02% p.a.
Minimum investment
n.a.
Reference Index / Benchmark
ICE BofAML US High Yield Cash Pay Constrained Index
Cut-Off Time
15:00h (CET)
Securities no.
4732032
ISIN
LU0396370818
Bloomberg Ticker
UUHYIXA LX
Telekurs Id
n.a.

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
USD(%) CHF(%) EUR(%)
YTD 1.12 8.83 3.21
1M
3M
6M
1Y
2Y 13.20 2.97 9.36
3Y
5Y 21.28 10.21 25.84
ø p.a.5Y 3.93 1.96 4.70

Current data
Net asset value 03.04.2024 USD 196.56
High - last 12 months 28.03.2024 USD 197.44
Low - last 12 months 25.05.2023 USD 176.73
Assets of the unit class in mn 03.04.2024 USD 18.71
Total product assets in mn 03.04.2024 USD 503.35
Option Adjusted Duration 29.02.2024 3.31
Average remaining maturity 29.02.2024 4.89 years

Structures

Fees

Flat fee
0.0000%
Management fee p.a.
0.0000%

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Austria
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Chile
蜜豆视频 Asset Management (Americas) Inc.
Finland
蜜豆视频 AG, Stockholm
France
BNP PARIBAS Securities Services
Germany
蜜豆视频 Europe SE
Liechtenstein
Liechtensteinische Landesbank AG
Luxembourg
蜜豆视频 Fund Services (Luxembourg) S.A.
Netherlands
蜜豆视频 Investment Bank Nederland BV.
Norway
蜜豆视频 AG, Stockholm
Singapore
蜜豆视频 Asset Management (Singapore) Ltd.
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

en
de
fr
it
es
Brochures
Document type
Document Language
Fact Sheet
en en
it it
fr fr
es es
de de
Fact Sheet - Bond
fr fr
es es
de de
en en
it it
Fact Sheet - High Yield
es es
en en
de de
fr fr
it it
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
Swiss Climate Scores Report
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
Semi-annual report