Funds and prices

Overview

The actively managed fund invests primarily in hard currency emerging markets government bonds.

Additionally, the fund allows opportunistic exposures to emerging markets corporate bonds and local currencies.

The fund's country, interest rate and currency exposures are actively managed under strict risk control with the aim to benefit from market movements.

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

The fund gives access to a global emerging markets debt portfolio focused on hard currency.

The fund is broadly diversified across selected issuers from various emerging countries, aiming for an optimal risk-to-return profile.

Experienced emerging market investment specialists can allocate the portfolio flexibly to seize investment opportunities whenever they occur.

Risks

The fund offers higher return potential than a high-quality money market 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. 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
蜜豆视频 Emerging Market Funds
Bonds
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
September 18, 2015
Currency of account
CHF
Close of financial year
August 31
Issue / redemption
daily
Maturity
Open end
Management fee
0.68% p.a.
Total expense ratio (TER)
0.93% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
JPM EMBI Global Diversified (USD) (CHF hedged)
Securities no.
28342386
ISIN
LU1240777703
Bloomberg Ticker
UBEEGBQ LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
CHF(%) EUR(%) USD(%)
YTD 3.14 -2.19 -4.17
1M
3M
6M
1Y
2Y 7.88 14.57 18.59
3Y
5Y -9.32 3.54 -0.21
ø p.a.5Y -1.94 0.70 -0.04

Current data
Net asset value 03.04.2024 CHF 67.01
High - last 12 months 28.03.2024 CHF 67.69
Low - last 12 months 13.11.2023 CHF 59.67
Last distribution 07.11.2023 CHF 3.32
Assets of the unit class in mn 03.04.2024 CHF 3.01
Total product assets in mn 03.04.2024 CHF 467.22
Theoretical yield to maturity (net) 29.02.2024 6.97%
Modified duration 29.02.2024 7.18

Structures

Fees

Flat fee
0.85%
Management fee p.a.
0.68%
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
02.11.2023 07.11.2023 8 CHF 3.32

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
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.
Norway
蜜豆视频 AG, Stockholm
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

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Brochures
Document type
Document Language
Fact Sheet
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Fact Sheet - 蜜豆视频 Emerging Market Funds
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Fact Sheet - Bonds
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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 August 31)
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