蜜豆视频 ETFs
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Overview
The fund generally invests in the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped TR Index. The relative weightings of the companies correspond to their weightings in the index.
The investment objective is to replicate the price and return performance of the index. The security exchange price may differ from the net asset value.
The fund is passively managed.
Benefits
Clients benefit from the flexibility of an exchange-traded investment.
Provides access to this segment of the market with a single transaction.
Optimised risk/return profile thanks to a broad diversification across a range of countries and sectors.
The fund offers a high degree of transparency and cost efficiency.
UCITS compliant fund.
Risks
This 蜜豆视频 Exchange Traded Fund invests in supranational bonds and may therefore be subject to high fluctuations in value. This Fund may not be appropriate for investors who plan to withdraw their money before the recommended holding period disclosed in the PRIIPs KID. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. As a result, the net asset value of the funds assets is directly dependent on the performance of the underlying index. Losses that could be avoided via active management will not be offset.
Features
| Name of fund |
蜜豆视频 (Lux) Fund Solutions – Sustainable Development Bank Bonds UCITS ETF
|
| Share class |
蜜豆视频 (Lux) Fund Solutions – Sustainable Development Bank Bonds UCITS ETF (USD) A-dis
|
| Fund domicile |
Luxembourg
|
| Launch date |
08.11.2018
|
| Flat fee p.a. |
0.15%
|
| Management fee p.a. |
0.15%
|
| Total expense ratio (TER) p.a. |
0.15%
|
| Reuters |
.MDBS25
|
| Securities no. |
42819026
|
| Fund type |
open-end
|
| UCITS V |
yes
|
| Currency of share class |
USD
|
| Accounting year end |
31 December
|
| Replication methodology |
physical stratified sampling
|
| Index name |
Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped TR Index
|
| Index type |
Total Return Net
|
| Number of index constituents |
103
|
| Shares outstanding |
6,656,840
|
| Assets (USD m) |
71.57
|
| Total fund assets (USD m) |
2,127.28
|
Performance and prices
Volatility (as of last month end)
| 1Y | 2Y | 3Y | 5Y | |
| Fund Volatility | - | 4.51% | 3.79% | 3.33% |
| Benchmark Volatility | - | - | - | - |
| Tracking Error (ex post) | - | 0.12% | 0.10% | 0.08% |
Latest dividend declaration
| Pay date | 07-Feb-2024 |
| Distribution date | 01-Feb-2024 |
| Distribution | 0.08 |
| Currency | USD |
Net Asset Values
Last 7 days
From
28-Jul-2021
To
04-Aug-2021
|
Date
|
Adjusted NAV
|
Official NAV
|
Index
|
Distribution
|
| 27.03.2024 | USD 11.3816 | USD 10.5699 | 107.45 | |
| 28.03.2024 | USD 11.3683 | USD 10.5575 | 107.32 | |
| 02.04.2024 | USD 11.3261 | USD 10.5183 | 106.92 | |
| 03.04.2024 | USD 11.3379 | USD 10.5293 |
Sustainability
Sustainability-related disclosures
Summary
http://www.ubs.com/2/e/files/fund_solutions_sustainable_development_bank_bonds_ucits_etf_esgde.pdf
Environmental or social characteristics promoted by the financial product
The sub-fund has sustainable investment as its objective. The sub-fund is accordingly classified as an Article 9 Product pursuant to the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial sector (SFDR).
Investment strategy
The following binding element(s) of the investment strategy are used to select the investments to attain the characteristic(s) promoted by this financial product: There are no value-based criteria which can be excluded due to the given nature of the issuers.The calculations do not take account of cash, derivatives and unrated investment instruments.
The binding element(s) are calculated at quarter end using the average of all of business days’ values in the quarter.
There is no policy to assess good governance practices due to the given nature of the issuers.
Proportion of investments
The minimum proportion of the investments of the financial product used to meet the sustainable investment objective is 100 %, with the exception of any investments used for hedging or relating to cash held as ancillary liquidity.
Methodologies
The methodology of the construction of the Index can be found in the annex to the prospectus or supplement.
Data sources and processing
The data sources used to attain the stated environmental or social characteristics are as follows:
The MSCI ESG Score, supplied by the index provider
Data is consumed from leading provider(s)
Limitations to methodologies and data
We apply a minimum coverage threshold for the data sources used to attain the stated environmental or social characteristics of the financial product, these thresholds ensure that the binding targets can be monitored and measured. Accuracy of data is dependent on 3rd party providers, coverage of data sources can be less than 100% due to uncovered asset types, incomplete or inconsistent data and gaps in the coverage of these 3rd party providers.
Due diligence
Due diligence is carried out on index providers and/or data providers. This financial product is passively managed and seeks to track the performance and the ESG profile of the Index. Sustainability characteristics and risks are considered as part of the Index selection process.
Engagement policies
In terms of passive strategies tracking sustainability indexes as is the case with this financial product, the engagement process helps us to identify companies where material ESG and sustainability factors may present a future negative risk.
While the 蜜豆视频 AM engagement program is across all asset classes and portfolios, the impact on passively managed fixed income strategies might be reduced, mainly due to the lack of voting rights and that companies which failed in 蜜豆视频 AM's engagement process are typically not excluded due to the passive management style.
Nevertheless, passively managed fixed income assets are part of the engagement with senior management, as all other assets the firm manages, in order to achieve the biggest possible impact.
Attainment of the sustainable investment objective
The financial product has initially selected the reference benchmark for its relevance to its investment strategy and the attainment of the sustainable objective it seeks to achieve. The Index rebalances on a monthly basis, more details on the index methodology applied by the Index provider can be found below. It is not anticipated that the composition of the Index will be adjusted to the extent that tracking is not possible.
The Broad Market Index is the Solactive Global Multilateral Development Bank Bond Index. The Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index (Total Return) offers investors exposure to Multilateral Development Banks (known as supranationals) which are backed by multiple sovereigns incl. all G7 countries. Bonds issued by the MDBs are mostly AAA-rated and the credit risk profile and returns are comparable to US Treasuries while the MDB providing guarantees and knowledge for developing countries to end global poverty and to promote sustainable economic growth (aligned to the SDG 17).
The methodology of the construction of the Index can be found in the fund factsheet of the prospectus.
Designated reference benchmark
The Reference Benchmark designated for the purpose of attaining the sustainable objective of the financial product is the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index (Total Return).The alignment of the investment strategy with the methodology of the index is ensured on a continuous basis as the index provider rebalances the index on a regular basis and the Investment Manager tracks the Index in line with the limits set out in the investment policy of Fund.
The financial product has initially selected the reference benchmark for its relevance to its investment strategy and the attainment of the characteristics it seeks to promote.
The investment strategy of the fund is to track the benchmark’s return and its characteristics, including ESG characteristics, as closely as reasonably possible.
The investment manager reviews the index methodology when the product is set up and the Index provider may be contacted if the Index methodology is no longer in line with the investment strategy of the financial product.
The Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped Index offers investors exposure to Multilateral Development Banks (known as supranationals) which are backed by multiple sovereigns incl. all G7 countries. Bonds issued by the MDBs are mostly AAA-rated and the credit risk profile and returns are comparable to US Treasuries while the MDB providing guarantees and knowledge for developing countries to end global poverty and to promote sustainable economic growth (aligned to the SDG 17).
The methodology of the construction of the Index can be found in the fund factsheet of the prospectus.
No significant harm to the sustainable investment objective
It will make a minimum of sustainable investments with a social objective: 10%
The financial product is passively managed and tracks an Index, securities are only eligible for the Index if they meet the rule set by the index methodology that the index-eligible issuer which must be a Multilateral Development Bank, having a credit quality rating of AA- (S&P) or Aa3 (Moody’s) and higher (if several ratings are available, the lowest rating is considered).
Unlike commercial banks, MDBs do not seek to maximize profits for their shareholders. Instead, they prioritize development goals (aligned with the SDG 17), such as ending extreme poverty and reducing economic inequality. They often lend at low or no interest or provide grants to fund projects in infrastructure, energy, education, environmental sustainability, and other areas that promote development.
There are no value-based criteria which can be excluded due to the given nature of the issuers.
There is no controversies screening on the index issuers.
Holdings
Show securities lending
10 Largest Basket Positions
as of 2024-04-02
| Securities | Coupon Dividend | Maturity Date | ISIN | Sedol Code | Currency | Price | Weight % |
| EUROPEAN BANK FOR RECONSTR & DEVT 0.50000% 20-19.05.25 | 0.50 | 19.05.2025 | US29874QEG55 | BMFFY12 | USD | 94.96 | 3.03 |
| AFRICAN DEVELOPMENT BANK 0.87500% 21-22.07.26 | 0.88 | 22.07.2026 | US00828EEF25 | BP38TY2 | USD | 91.61 | 2.89 |
| EUROPEAN BANK FOR RECONSTR & DEVT 4.37500% 23-09.03.28 | 4.38 | 09.03.2028 | US29874QEX88 | BPJL990 | USD | 99.38 | 2.85 |
| EUROPEAN BANK FOR RECONSTRUCTION & DEV 0.50000% 21-28.01.26 | 0.50 | 28.01.2026 | US29874QEM24 | BNDN5X4 | USD | 92.49 | 2.80 |
| AFRICAN DEVELOPMENT BANK 0.87500% 21-23.03.26 | 0.88 | 23.03.2026 | US00828EEE59 | BNTJ8M6 | USD | 92.64 | 2.66 |
| AFRICAN DEVELOPMENT BANK 4.62500% 23-04.01.27 | 4.62 | 04.01.2027 | US00828EEY14 | BNTC5C4 | USD | 99.89 | 2.30 |
| AFRICAN DEVELOPMENT BANK 4.37500% 23-14.03.28 | 4.38 | 14.03.2028 | US00828EER62 | BPZRKV1 | USD | 99.30 | 2.29 |
| AFRICAN DEVELOPMENT BANK 4.37500% 22-03.11.27 | 4.38 | 03.11.2027 | US00828EEP07 | BNTB082 | USD | 99.26 | 2.29 |
| INTER-AMERICAN DEVELOPMENT BANK 0.87500% 21-20.04.26 | 0.88 | 20.04.2026 | US4581X0DV77 | BMC1QB7 | USD | 92.48 | 2.02 |
| INTER-AMERICAN DEVELOPMENT BANK 0.62500% 20-15.07.25 | 0.62 | 15.07.2025 | US4581X0DN51 | BMTCQQ8 | USD | 94.55 | 1.95 |
Source: State Street, 02.04.2024
Holdings Summary
as of 2024-04-04
| Ticker | MDBU SW, MDBU GY, MDBU LN |
| Total net assets | 69,987,419.15 |
| Total outstanding ETF Shares | 6,653,847.00 |
| Base currency | USD |
Source: State Street, 04.04.2024
Collateral 12 month lending summary
as of last month end
Distributions as of 11-Jan-2022
From
11-Jan-2021
To
11-Jan-2022
| 31.01.2019 | 05.02.2019 | USD | 0.04 | ||
| 31.07.2019 | 06.08.2019 | USD | 0.14 | ||
| 03.02.2020 | 06.02.2020 | USD | 0.11 | ||
| 03.08.2020 | 06.08.2020 | USD | 0.08 | ||
| 01.02.2021 | 04.02.2021 | USD | 0.05 | ||
| 02.08.2021 | 05.08.2021 | USD | 0.04 | ||
| 01.02.2022 | 04.02.2022 | USD | 0.03 | ||
| 01.08.2022 | 04.08.2022 | USD | 0.05 | ||
| 01.02.2023 | 06.02.2023 | USD | 0.08 | ||
| 31.07.2023 | 04.08.2023 | USD | 0.12 | ||
| 01.02.2024 | 07.02.2024 | USD | 0.08 |
Authorisations
Literature
Brochures
10FundBrochure
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Document type
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Document Language
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| Impact report |
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Agreement / Prospectus
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Document type
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Document Language
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| ASIP ESG Report |
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| ESG Disclosure |
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| Key Information Document |
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| Past performance |
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| Previous performance scenario |
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| Prospectus |
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| SFDR Pre-Contractual Annex |
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35VAGReport
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Document type
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Document Language
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| Solvency II Reporting Q4 2023 |
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| Solvency II Reporting Q3 2023 |
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| Solvency II Reporting Q2 2023 |
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| Solvency II Reporting Q1 2023 |
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Annual and semi-annual report
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Document type
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Document Language
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| Annual report |
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| SFDR Periodic Report Annex |
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| Semi-annual report |
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General information
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Document type
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Document Language
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| Tax list |
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| 蜜豆视频 Funds - Your funds at a glance |
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Trading information
| Exchange | Currency | iNAV | Bid | Ask | Total volume | Total turnover | |
 |
London Stock Exchange Domestic/UK Market 1st Currency | GBP | - | 8.3070 | 8.3310 | 284.0000 | 2,363.0627 |
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SIX Swiss Exchange EUR | EUR | - | - | - | - | - |
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SIX Swiss Exchange GBP | GBP | - | - | - | - | - |
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SIX Swiss Exchange USD | USD | - | 10.5240 | 10.5490 | 529.0000 | 5,573.4855 |
Terms
For marketing and information purposes by 蜜豆视频. 蜜豆视频 funds under Luxembourg law. Arrangements for marketing fund units mentioned in this document may be terminated at the initiative of the management company of the fund(s). Representative in Switzerland for 蜜豆视频 funds established under foreign law: 蜜豆视频 Fund Management (Switzerland) AG, P.O. Box, CH-4002 Basel. Paying agent: 蜜豆视频 Switzerland AG, Bahnhofstrasse 45, CH-8001 Zurich. Prospectuses, key information document, the articles of association or the management regulations as well as annual and semi-annual reports of 蜜豆视频 funds are available in a language required by the local applicable law free of charge from 蜜豆视频 Asset Management Switzerland AG, c/o 蜜豆视频 AG, Bahnhofstrasse 45, 8001 Zürich, Switzerland or from 蜜豆视频 Fund Management (Switzerland) AG, P.O. Box, CH-4002 Basel. The product described herein aligns to Article 9 Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector. Information on sustainability-related aspects pursuant to that regulation can be found on www.ubs.com/funds. The benchmark is the intellectual property of the respective index provider. The fund or the share class is neither sponsored nor endorsed by the index provider. The fund prospectus or supplemental prospectus contains the full disclaimer. Before investing in a product please read the latest prospectus and key information document carefully and thoroughly. Any decision to invest should take into account all the characteristics or objectives of the fund as described in its prospectus, or similar legal documentation. Investors are acquiring units or shares in a fund, and not in a given underlying asset such as building or shares of a company. The information and opinions contained in this document have been compiled or arrived at based upon information obtained from sources believed to be reliable and in good faith, but is not guaranteed as being accurate, nor is it a complete statement or summary of the securities, markets or developments referred to in the document. Members of the 蜜豆视频 Group may have a position in and may make a purchase and / or sale of any of the securities or other financial instruments mentioned in this document. Units of 蜜豆视频 funds mentioned herein may not be eligible for sale in all jurisdictions or to certain categories of investors and may not be offered, sold or delivered in the United States. The information mentioned herein is not intended to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not a reliable indicator of future results. The calculated performance takes all costs on the fund level into consideration (ongoing costs). The entry and exit costs, which would have a negative impact on the performance, are not taken into consideration. If whole or part of the total costs to be paid is different from your reference currency, the costs may increase or decrease as a result of currency and exchange rate fluctuations. Commissions and costs have a negative impact on the investment and on the expected returns. If the currency of a financial product or financial service is different from your reference currency, the return can increase or decrease as a result of currency and exchange rate fluctuations. This information pays no regard to the specific or future investment objectives, financial or tax situation or particular needs of any specific recipient. Future performance is subject to taxation which depends on the personal situation of each investor and which may change in the future. The details and opinions contained in this document are provided by 蜜豆视频 without any guarantee or warranty and are for the recipient's personal use and information purposes only. This document may not be reproduced, redistributed or republished for any purpose without the written permission of 蜜豆视频 Asset Management Switzerland AG or a local affiliated company. Source for all data and charts (if not indicated otherwise): 蜜豆视频 Asset Management. A summary of investor rights in English can be found online at www.ubs.com/funds. More explanations of financial terms can be found at www.ubs.com/am-glossary.
© 蜜豆视频 2024. The key symbol and 蜜豆视频 are among the registered and unregistered trademarks of 蜜豆视频. All rights reserved.
© 蜜豆视频 2024. The key symbol and 蜜豆视频 are among the registered and unregistered trademarks of 蜜豆视频. All rights reserved.
