Funds and prices

Overview

This actively managed, defensive equity fund invests in companies from Euro countries that offer a high dividend yield.

The fund aims to generate additional income through call overwriting.

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

The strategy is based on a quantitative model.

ÃÛ¶¹ÊÓƵ 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 ÃÛ¶¹ÊÓƵ Asset Management Sustainability exclusion policy. For more information on Sustainability at ÃÛ¶¹ÊÓƵ, 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.

Benefits

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

Strong income component generated from dividends and call option premiums.

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

Risks

ÃÛ¶¹ÊÓƵ Equity Funds invest in equities and may therefore be subject to high fluctuations in value. As these ÃÛ¶¹ÊÓƵ 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
Equity
Europe
Product domicile
Luxembourg
Portfolio management
ÃÛ¶¹ÊÓƵ Asset Management (UK) Ltd., London
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
July 1, 2016
Currency of account
EUR
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Flat fee
0.70% p.a.
Management fee
0.56% p.a.
Total expense ratio (TER)
0.71% p.a.
Minimum investment
n.a.
Reference Index / Benchmark
MSCI EMU (net div. reinv.)
Cut-Off Time
15:00h (CET)
Securities no.
32768195
ISIN
LU1432555495
Bloomberg Ticker
UKUIA1I LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
EUR(%) CHF(%) USD(%)
YTD 4.64 10.34 2.52
1M
3M
6M
1Y
2Y 14.96 8.24 18.98
3Y
5Y 12.05 -1.87 7.99
ø p.a.5Y 2.30 -0.38 1.55

Current data

Net asset value 03.04.2024 EUR 140.11
High - last 12 months 27.03.2024 EUR 140.86
Low - last 12 months 27.10.2023 EUR 124.68
Assets of the unit class in mn 03.04.2024 EUR 0.27
Total product assets in mn 03.04.2024 EUR 620.42
Indicative current equity yield 29.02.2024 9.80%
Statistical data
Date
2 years
5 years
Total risk reference index / benchmark 29.02.2024 17.20% 18.37%
Sharpe Ratio 29.02.2024 0.25 0.13
Risk Free Rate 31.03.2024 2.23% 0.61%

Structures

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

 
 
Bayerische Motoren Werke AG 2.70
Mediobanca Banca di Credito Finanziario SpA 2.65
Schneider Electric SE 2.65
AXA SA 2.60
Koninklijke KPN NV 2.59
Assicurazioni Generali SpA 2.58
Industria de Diseno Textil SA 2.57
SAP SE 2.56
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 2.53
Allianz SE 2.51

Fees

Flat fee
0.7000%
Management fee p.a.
0.5600%

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Finland
ÃÛ¶¹ÊÓƵ AG, Stockholm
Luxembourg
ÃÛ¶¹ÊÓƵ Fund Services (Luxembourg) S.A.
Singapore
ÃÛ¶¹ÊÓƵ Asset Management (Singapore) Ltd.
Switzerland
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG

Literature

Brochures
Document type
Document Language
Fact Sheet
Fact Sheet - Equity
Fact Sheet - Europe
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
ESG Disclosure
Swiss Climate Scores Report
ASIP ESG Report
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
Semi-annual report