Funds and prices

Overview

The actively managed fund invests globally in a diversified range of equities, mainly high-quality bonds and money market instruments, combined with exposure to Asian markets.

The fund generally strikes an even balance between equity and fixed income investments.

Foreign currencies are largely hedged against the reference currency. Nevertheless, an active currency strategy is applied if opportunities are seen.

The fund is based on 蜜豆视频's investment policy, the 蜜豆视频 House View.

Owing to the varying mixed asset allocation, this fund could be treated in specific phases as a bond fund for tax purposes in the UK. Investors should therefore contact a tax advisor.

The fund invests without any benchmark restrictions. The performance of the fund is not benchmarked against an index.

Benefits

The fund offers the investor straightforward and convenient access to 蜜豆视频 House View, which draws on the professional insights of 蜜豆视频 investment specialists worldwide.

Investors benefit globally from diversified market opportunities in the area of bonds and equities, combined with exposure to Asian markets. In addition to high-quality bonds, investments can also be made in other bond segments.

The weightings of the various asset classes are maintained within a specific range to take account of the fund's risk profile.

Risks

The Fund invests in emerging markets which are typically at an early stage of development and which can 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. The Fund invests in equities and corporate bonds and may therefore be subject to high fluctuations in value. The Fund can use derivatives, which can reduce investment risks or give rise to additional risks, particularly counterparty risk. For these reasons, a corresponding risk tolerance and capacity are required. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. A description of the fund specific risks can be found in the prospectus.

Features

Product category
蜜豆视频 Asset Allocation Funds
蜜豆视频 Strategy Funds
Product domicile
Luxembourg
Portfolio management
蜜豆视频 Asset Management Switzerland AG, Zurich
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
November 22, 2013
Currency of account
USD
Close of financial year
September 30
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
1.50% p.a.
Total expense ratio (TER)
1.98% p.a.
Swing pricing
yes
Minimum investment
n.a.
Securities no.
22386409
ISIN
LU0974636200
Bloomberg Ticker
UBAGSPU LX
Telekurs Id
n.a.

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
USD(%)
YTD 1.76
1M
3M
6M
1Y
2Y 6.05
3Y
5Y 7.95
ø p.a.5Y 1.54

Current data
Net asset value 03.04.2024 USD 131.29
High - last 12 months 21.03.2024 USD 131.80
Low - last 12 months 26.10.2023 USD 118.25
Assets of the unit class in mn 03.04.2024 USD 45.45
Total product assets in mn 03.04.2024 USD 159.80
Theoretical yield to maturity (gross) 29.02.2024 5.78%
Modified duration 29.02.2024 2.22

Structures

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

 
 
TAIWAN SEMICON MAN TWD10 1.84
SAMSUNG ELECTRONIC KRW100 1.40
TENCENT HLDGS LIMI HKD0.00002 1.11
PINDUODUO INC-4 SHS-A-ADR 1.06
MICROSOFT CORP COM USD0.0000125 0.90
RELIANCE INDS INR10(100%DEMAT) 0.88
KWEICHOW MOUTAI 'A'CNY1 0.68
SK HYNIX INC KRW5000 0.68
AMAZON COM INC COM USD0.01 0.61
AIA GROUP LTD NPV 0.57

By investment instrument and currency (in %, as of February 29, 2024)

 
 
Money market
Cash + Bonds
Equities
Total
Total1)
1 AUD 0.00 0.00 -0.25 -0.25 2.04
2 CAD 0.00 0.00 1.68 1.68 0.04
3 CHF 0.00 0.01 1.98 1.99 -2.00
4 CNY 0.00 0.00 8.47 8.47 8.43
5 DKK 0.00 0.00 0.26 0.26 0.01
6 EUR 0.00 0.10 3.91 4.01 -0.84
7 GBP 0.00 0.01 0.45 0.46 0.17
8 HKD 0.00 0.00 1.52 1.52 1.51
9 INR 0.00 0.00 6.87 6.87 6.93
10 JPY 0.00 0.00 2.43 2.43 2.11
11 KRW 0.00 0.00 4.21 4.21 4.25
12 MYR 0.00 0.00 -0.48 -0.48 -0.48
13 SEK 0.00 0.00 -0.18 -0.18 -0.10
14 SGD 0.00 0.00 -0.34 -0.34 -0.22
15 TWD 0.00 0.00 5.66 5.66 5.63
16 USD 0.00 49.80 10.17 59.96 67.80
17 Other 0.00 0.06 3.66 3.72 4.71
18 Total 0.00 49.98 50.02 100.00 100.00

Fees

Flat fee
1.88%
Management fee p.a.
1.50%
Redemption commission
0.00%
Issuing commission
2.00%
Swiss federal stamp duty
0.15%
Distribution fee
(see info)

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Austria
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Belgium
BNP PARIBAS Securities Services
Finland
蜜豆视频 AG, Stockholm
France
BNP PARIBAS Securities Services
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.
Malta
Crystal Finance Investments Limited
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

en
de
fr
it
es
Brochures
Document type
Document Language
Fact Sheet
fr fr
es es
it it
de de
en en
Manager Commentary
de de
en en
fr fr
Fact Sheet - 蜜豆视频 Asset Allocation Funds
es es
en en
de de
fr fr
it it
Fact Sheet - 蜜豆视频 Strategy Funds
de de
en en
es es
it it
fr fr
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
Annual and semi-annual report (accounting on September 30)
Document type
Document Language
Annual report
Semi-annual report
General information
Document type
Document Language
蜜豆视频 Funds - Your funds at a glance
Tax list