Funds and prices

Overview

The actively managed fund invests worldwide in convertible bonds.

Convertible bonds combine the upside potential of equities and the defensive characteristics of bonds.

The investment objective is to take full advantage of the beneficial risk-return characteristics of the global convertible bond markets.

Foreign currencies are largely hedged versus the reference currency.

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

The exchange rate risk between EUR and USD is largely hedged.

Benefits

Investors participate in some of the price gains when equity markets are rising, and benefit from the defensive characteristics of a bond investment in falling markets.

The portfolio's return potential is considerably increased using carefully selected convertible bonds, without incurring significant additional risk.

Risks

The fund invests mainly in convertible bonds. Changes in equity prices, interest rates, credit quality and other factors can subject the fund to high fluctuations in value, which are for the most part less pronounced than with equities but significantly higher than with traditional corporate bonds. The fund may use derivatives which can reduce investment risk or give rise to additional risks (inter alia the counterparty risk). The fund can invest in less liquid assets that may be difficult to sell in the case of distressed markets. The value of a unit may fall below the purchase price. This requires an elevated risk tolerance and capacity. Every fund reveals specific risks, a description of these risks can be found in the prospectus. 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.

Features

Product category
Bond
Convertibles
Product domicile
Luxembourg
Portfolio management
ÃÛ¶¹ÊÓƵ Asset Management Switzerland AG, Zurich
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
Regulation
UCITS
Legal form
Unlimited
Day of inception
April 22, 2020
Currency of account
USD
Close of financial year
May 31
Issue / redemption
daily
Maturity
Open end
Management fee
0.62% p.a.
Total expense ratio (TER)
0.80% p.a.
Minimum investment
n.a.
Reference Index / Benchmark
Refinitiv Global Convertible Index - Global Vanilla Hedged USD
Cut-Off Time
15:00h (CET)
Securities no.
54094612
ISIN
LU2159007975
Bloomberg Ticker
UBCGIA1 LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
USD(%) CHF(%) EUR(%)
YTD 2.14 9.93 4.26
1M
3M
6M
1Y
2Y 12.75 2.57 8.93
3Y -3.45 -7.28 4.92
5Y
ø p.a.5Y -1.16 -2.49 1.61

Current data

Net asset value 03.04.2024 USD 136.30
High - last 12 months 28.03.2024 USD 136.62
Low - last 12 months 04.05.2023 USD 123.13
Last distribution 04.08.2023 USD 0.49
Assets of the unit class in mn 03.04.2024 USD 5.52
Total product assets in mn 03.04.2024 USD 4,074.14

Structures

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

 
 
Wayfair 1% 2026 1.55
Palo Alto Networks 0.375% 2025 1.54
ADNOC Distribution 0.7% 2024 1.54
Alnylam Pharmaceuticals 1% 2027 1.47
Akamai Technologies 0.375% 2027 1.46
Western Digital 3% 2028 1.31
Global Payments 1.5% 2031 1.25
Wolfspeed 1.875% 2029 1.22
Danone(BNP)0% 2024 1.21
ON Semiconductor 0% 2027 1.20

Fees

Flat fee
0.7800%
Management fee p.a.
0.6200%

Distributions

From
01-Nov-2020
To
01-Nov-2021
Date of distribution
Pay date
Cps no.
Currency
Distribution
01.08.2023 04.08.2023 4 USD 0.49

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.
Singapore
ÃÛ¶¹ÊÓƵ Asset Management (Singapore) Ltd.
Switzerland
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG

Literature

Brochures
Document type
Document Language
Fact Sheet
Fact Sheet - Bond
Fact Sheet - Convertibles
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
ESG Disclosure
SFDR Pre-Contractual Annex
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