Funds and prices

Overview

The actively managed fund invests mainly in RMB-denominated fixed-income instruments that are primarily issued by, but not limited to, the central government or local governments, government-related entities, banks and other financial institutions or corporate entities.

Investments are conducted in the onshore China Interbank Bond Market (CIBM), and may include both direct securities (physical bonds) and derivatives related to fixed income securities where allowed.

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

The exchange rate risk between CNY and JPY is not hedged.

Benefits

This diversified bond portfolio can be used to participate in the opportunities in the China fixed income market , as well as exposure to Chinese Yuan.

The fund is managed across duration, yield curve, sector and security selection 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 developed market 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). All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. Please consult your client advisor for more information on the investment risks of this product. 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
Bond
Aggregate
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
July 31, 2018
Currency of account
JPY
Close of financial year
May 31
Issue / redemption
daily
Maturity
Open end
Management fee
0.00% p.a.
Total expense ratio (TER)
0.19% p.a.
Minimum investment
n.a.
Reference Index / Benchmark
Bloomberg China Aggregate Index in JPY
Cut-Off Time
11:00h (CET)
Securities no.
42211227
ISIN
LU1839734362
Bloomberg Ticker
UBCFIBM LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
JPY(%) CHF(%) EUR(%) USD(%)
YTD 7.12 7.07 1.54 -0.52
1M
3M
6M
1Y
2Y 9.84 -6.48 -0.68 2.80
3Y
5Y 56.58 4.50 19.32 15.00
ø p.a.5Y 9.38 0.88 3.60 2.83

Current data

Net asset value 03.04.2024 JPY 13,895.00
High - last 12 months 20.03.2024 JPY 13,931.00
Low - last 12 months 06.04.2023 JPY 12,334.00
Last distribution 21.03.2024 JPY 34.00
Assets of the unit class in mn 03.04.2024 JPY 398.06
Total product assets in mn 03.04.2024 JPY 48,879.42
Option Adjusted Duration 29.02.2024 6.23

Structures

Fees

Flat fee
0.1400%
Management fee p.a.
0.0000%

Distributions

From
01-Nov-2020
To
01-Nov-2021
Date of distribution
Pay date
Cps no.
Currency
Distribution
17.04.2023 20.04.2023 56 JPY 31.00 15.05.2023 18.05.2023 57 JPY 32.00 15.06.2023 20.06.2023 58 JPY 32.00 18.07.2023 21.07.2023 59 JPY 32.00 16.08.2023 21.08.2023 60 JPY 33.00 15.09.2023 20.09.2023 61 JPY 33.00 16.10.2023 19.10.2023 62 JPY 33.00 15.11.2023 20.11.2023 63 JPY 33.00 15.12.2023 20.12.2023 64 JPY 34.00 16.01.2024 19.01.2024 65 JPY 33.00 19.02.2024 22.02.2024 66 JPY 34.00 15.03.2024 21.03.2024 67 JPY 34.00

Authorisations

Country of distribution
Representative / Information
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
Manager Commentary
Fact Sheet - Bond
Fact Sheet - Aggregate
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
ASIP ESG Report
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
Semi-annual report