Funds and prices

Overview

The actively managed fund invests in Asian high yield bonds (primarily non-investment grade bonds of Asian sovereign, quasi-sovereign and corporate issuers) denominated in US dollar, and seeks to generate an attractive risk-adjusted return.

The fund allows the portfolio manager team to opportunistically invest up to 20% of the portfolio in Asian local currencies as an additional return driver.

The fund is managed by the pan-Asian fixed income team located in Singapore, whose regional specialists are integrated with the global fixed income team and thus can leverage significant resources of the wider group.

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

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

Benefits

Through the diversified bond portfolio investors can participate in the Asian market's opportunities for higher yielding corporate bonds and local currencies.

Active management in accordance with market conditions allows the portfolio to be dynamically adjusted throughout market cycles.

Investors can particularly benefit from 蜜豆视频's expertise in markets where transparency and access to information may be limited.

Risks

Depending on the credit quality, the default risk is higher in the case of high yield bonds than with investment grade corporate and government bonds. Changes in interest and exchange rates have an effect on the value of the portfolio. This requires corresponding risk tolerance and capacity. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. 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
蜜豆视频 Bond Funds
蜜豆视频 High Yield Funds
Product domicile
Luxembourg
Portfolio management
蜜豆视频 Asset Management (Hong Kong) Ltd., Hong Kong
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
Regulation
UCITS
Legal form
Unlimited
Day of inception
August 4, 2020
Currency of account
AUD
Close of financial year
May 31
Issue / redemption
daily
Maturity
Open end
Management fee
1.16% p.a.
Total expense ratio (TER)
1.51% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
JP Morgan Asian Credit Non-Investment Grade Index USD
Cut-Off Time
13:00h (CET)
Securities no.
55697122
ISIN
LU2199720918
Bloomberg Ticker
UBAHUPA LX

Performance and Prices

Percentage growth

as of April 4, 2024
Cumulative
AUD(%) CHF(%) EUR(%) USD(%)
YTD 6.86 11.41 5.35 3.64
1M
3M
6M
1Y
2Y -2.29 -10.56 -5.01 -1.68
3Y -37.21 -47.58 -40.86 -45.35
5Y
ø p.a.5Y -14.37 -19.37 -16.06 -18.24

Current data
Net asset value 04.04.2024 AUD 51.91
High - last 12 months 05.04.2023 AUD 54.03
Low - last 12 months 04.10.2023 AUD 46.18
Last distribution 20.03.2024 AUD 0.24
Assets of the unit class in mn 04.04.2024 AUD 2.03
Total product assets in mn 04.04.2024 AUD 1,224.27
Theoretical yield to maturity (net) 29.02.2024 8.25%
Option Adjusted Duration 29.02.2024 2.20
Average remaining maturity 29.02.2024 3.73 years

Structures

Fees

Flat fee
1.45%
Management fee p.a.
1.16%
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
17.04.2023 20.04.2023 32 AUD 0.28 15.05.2023 18.05.2023 33 AUD 0.28 15.06.2023 20.06.2023 34 AUD 0.26 17.07.2023 20.07.2023 35 AUD 0.27 16.08.2023 21.08.2023 36 AUD 0.26 15.09.2023 20.09.2023 37 AUD 0.25 16.10.2023 19.10.2023 38 AUD 0.25 15.11.2023 20.11.2023 39 AUD 0.22 15.12.2023 20.12.2023 40 AUD 0.23 16.01.2024 19.01.2024 41 AUD 0.23 15.02.2024 20.02.2024 42 AUD 0.24 15.03.2024 20.03.2024 43 AUD 0.24

Authorisations

Country of distribution
Representative / Information
Chile
蜜豆视频 Asset Management (Americas) Inc.
Luxembourg
蜜豆视频 Fund Services (Luxembourg) S.A.
Switzerland
蜜豆视频 Fund Management (Switzerland) AG

Literature

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Brochures
Document type
Document Language
Fact Sheet
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Manager Commentary
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3-Pager Monthly Distributing Share Classes
Fact Sheet - 蜜豆视频 Bond Funds
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Fact Sheet - 蜜豆视频 High Yield Funds
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Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
ESG Disclosure
Annual and semi-annual report (accounting on May 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