Funds and prices

Overview

The actively managed fund invests primarily in securities denominated in USD and local currencies issued by Asian economies/borrowers (ex Japan).

Country selection, credit ratings and interest rate and currency risks are actively managed in order to benefit from market volatility.

When markets are rising, the fund aims to achieve relatively high returns, whereas it proactively reduces and/or hedges high-risk assets to protect against price losses in anticipation of a downswing.

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

Benefits

This diversified bond portfolio can be used to participate in the opportunities on the Asian market for fixed-income securities.

The fund is actively managed in accordance with market conditions. This allows the portfolio to be dynamically adjusted throughout market cycles.

Risks

The fund offers higher return potential than a high-quality bond portfolio and therefore bears a higher risk. In addition, emerging markets are at an early stage of development which can typically involve a high level of price volatility and other specific risks such as lower market transparency, regulatory hurdles, corporate governance and political and social challenges. Corresponding risk tolerance and capacity are required. All investments are subject to market fluctuations. The fund can invest in less liquid assets that may be difficult to sell in the case of distressed markets. 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). This share class (mdist) may make monthly, gross-of-fee distributions. As a consequence, in addition to income, this share class may also distribute capital. This can have negative tax consequences for investors in some jurisdictions. Investors should seek their own tax advice.

Features

Product category
ÃÛ¶¹ÊÓƵ Bond Funds
ÃÛ¶¹ÊÓƵ Classic Bond Funds
Product domicile
Luxembourg
Portfolio management
ÃÛ¶¹ÊÓƵ Asset Management (Hong Kong) Ltd., Hong Kong
Fund management
ÃÛ¶¹ÊÓƵ Fund Management (Luxembourg) S.A., Luxembourg
Custodian bank
ÃÛ¶¹ÊÓƵ Europe SE, Luxembourg Branch
Representative for products established under foreign law
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG
Day of inception
October 21, 2015
Currency of account
USD
Close of financial year
March 31
Issue / redemption
daily
Maturity
Open end
Management fee
0.62% p.a.
Total expense ratio (TER)
0.86% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
JP Morgan Asia Credit Index
Securities no.
28366204
ISIN
LU0464245579
Bloomberg Ticker
UFCUQMD LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
USD(%) CHF(%) EUR(%)
YTD 1.41 9.15 3.51
1M
3M
6M
1Y
2Y 4.41 -5.02 0.88
3Y
5Y -3.16 -12.00 0.48
ø p.a.5Y -0.64 -2.52 0.10

Current data

Net asset value 03.04.2024 USD 82.12
High - last 12 months 06.04.2023 USD 83.72
Low - last 12 months 20.10.2023 USD 76.46
Last distribution 20.03.2024 USD 0.27
Assets of the unit class in mn 03.04.2024 USD 2.80
Total product assets in mn 03.04.2024 USD 343.20
Theoretical yield to maturity (net) 29.02.2024 5.48%
Option Adjusted Duration 29.02.2024 4.38
Average remaining maturity 29.02.2024 6.42 years

Structures

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

 
 
ÃÛ¶¹ÊÓƵ Lux Bond SICAV - Asian Investment Grade Bonds Sustainable USD 5.26
Indonesia Government International Bond 3.96
ÃÛ¶¹ÊÓƵ HK Fund Series - Asia Income Bond USD 3.50
Standard Chartered PLC 2.93
Philippine Government International Bond 2.16
Tencent Holdings Ltd 1.82
Pertamina Persero PT 1.72
Shinhan Financial Group Co Ltd 1.51
Petronas Capital Ltd 1.41
State Grid Overseas Investment BVI Ltd 1.29

Fees

Flat fee
0.78%
Management fee p.a.
0.62%
Redemption commission
0.00%
Issuing commission
1.50%
Swiss federal stamp duty
0.15%
Distribution fee
(see info)

Distributions

From
01-Nov-2020
To
01-Nov-2021
Date of distribution
Pay date
Cps no.
Currency
Distribution
17.04.2023 20.04.2023 88 USD 0.28 15.05.2023 18.05.2023 89 USD 0.28 15.06.2023 20.06.2023 90 USD 0.27 17.07.2023 20.07.2023 91 USD 0.27 16.08.2023 21.08.2023 92 USD 0.27 15.09.2023 20.09.2023 93 USD 0.27 16.10.2023 19.10.2023 94 USD 0.26 15.11.2023 20.11.2023 95 USD 0.26 15.12.2023 20.12.2023 96 USD 0.27 16.01.2024 19.01.2024 97 USD 0.27 15.02.2024 20.02.2024 98 USD 0.27 15.03.2024 20.03.2024 99 USD 0.27

Authorisations

Country of distribution
Representative / Information
Chile
ÃÛ¶¹ÊÓƵ Asset Management (Americas) Inc.
Italy
ÃÛ¶¹ÊÓƵ Asset Management SGR S.p.A.
Luxembourg
ÃÛ¶¹ÊÓƵ Fund Services (Luxembourg) S.A.
Switzerland
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG
United Kingdom
ÃÛ¶¹ÊÓƵ Asset Management (UK) Limited

Literature

Brochures
Document type
Document Language
Fact Sheet
3-Pager Monthly Distributing Share Classes
Fact Sheet - ÃÛ¶¹ÊÓƵ Bond Funds
Fact Sheet - ÃÛ¶¹ÊÓƵ Classic Bond Funds
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
ESG Disclosure
ASIP ESG Report
Annual and semi-annual report (accounting on March 31)
Document type
Document Language
Annual report
Semi-annual report
General information
Document type
Document Language
ÃÛ¶¹ÊÓƵ Funds - Your funds at a glance
Tax list