Funds and prices
Overview
The actively managed fund invests in short-dated fixed income securities that are largely issued by companies and denominated in the fund's reference currency.
The majority of issuers have investment-grade ratings (AAA to BBB-).
The investment objective is to achieve an attractive return by exploiting the performance potential of corporate bonds, which is higher than that of government bonds.
Interest-rate risk is limited to the short-dated segment.
The portfolio manager is not tied to the benchmark in terms of investment selection or weight.
蜜豆视频 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 蜜豆视频 Asset Management Sustainability exclusion policy. For more information on Sustainability at 蜜豆视频, please refer to www.ubs.com/am-si-commitment.
This sub-fund promotes environmental and/or social characteristics but does not have a sustainable investment objective.
Benefits
Clients benefit from a portfolio that is broadly diversified across various sectors and ratings and from meticulous issuer selection. The latter is based on the in-depth credit research carried out by our expert team of professional corporate bond analysts.
Clients can benefit from the return potential of corporate bonds. They offer greater potential than government bonds as the credit risk associated with corporate bonds is generally compensated with a higher return.
The fund has a lower interest-rate risk than medium- or long-term bond investments.
Risks
Even though the credit quality of the portfolio is investment grade, the default risk is higher with corporate bonds than with government paper. Changes in interest 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 may increase considerably in unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk).
Features
| Product category |
蜜豆视频 Bond Funds
蜜豆视频 Classic Bond Funds |
| Product domicile |
Luxembourg
|
| Portfolio management |
蜜豆视频 Asset Management Switzerland AG, Zurich
|
| 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 AG, Stockholm
|
| Day of inception |
June 6, 2012
|
| Currency of account |
USD
|
| Close of financial year |
May 31
|
| Issue / redemption |
daily
|
| Distribution |
Reinvestment
|
| Maturity |
Open end
|
| Management fee |
0.36% p.a.
|
| Total expense ratio (TER) |
0.52% p.a.
|
| Swing pricing |
yes
|
| Minimum investment |
-
|
| Reference Index / Benchmark |
Bloomberg Eurodollar Corporate 1-3yrs
|
| ISIN |
LU0396352592
|
| Bloomberg Ticker |
蜜豆视频TCQA LX
|
| Telekurs Id |
n.a.
|
Performance and Prices
Percentage growth
as of April 3, 2024
Cumulative
| USD(%) | EUR(%) | |
| YTD | ||
| 1M | ||
| 3M | ||
| 6M | ||
| 1Y | 4.84 | 5.48 |
| 2Y | ||
| 3Y | 1.92 | 10.76 |
| 5Y | 9.58 | 13.70 |
| ø p.a.5Y | 1.85 | 2.60 |
Current data
| Net asset value | 03.04.2024 | USD 122.95 |
| High - last 12 months | 27.03.2024 | USD 123.01 |
| Low - last 12 months | 26.05.2023 | USD 117.07 |
| Assets of the unit class in mn | 03.04.2024 | USD 44.79 |
| Total product assets in mn | 03.04.2024 | USD 647.59 |
| Theoretical yield to worst (net) | 29.02.2024 | 5.07% |
| Average remaining maturity | 29.02.2024 | 2.04 years |
Structures
By detailed securities (in %, as of February 29, 2024)*
|
|
|
|
| 1 | Morgan Stanley | 2.44 |
| 2 | Bank of America Corp | 2.11 |
| 3 | JPMorgan Chase & Co | 2.09 |
| 4 | BNP Paribas SA | 2.05 |
| 5 | Barclays PLC | 1.87 |
| 6 | HSBC Holdings PLC | 1.76 |
| 7 | Lloyds Banking Group PLC | 1.66 |
| 8 | Societe Generale SA | 1.58 |
| 9 | Citigroup Inc | 1.52 |
| 10 | 蜜豆视频 Lux Bond Fund - Euro High Yield EUR | 1.34 |
| 11 | AbbVie Inc | 1.26 |
| 12 | Danske Bank A/S | 1.24 |
| 13 | Enel Finance International NV | 1.22 |
| 14 | 蜜豆视频 Group AG | 1.18 |
| 15 | Apple Inc | 1.15 |
| 16 | Banco Santander SA | 1.13 |
| 17 | Macquarie Bank Ltd | 1.11 |
| 18 | Oracle Corp | 1.08 |
| 19 | Banco Bilbao Vizcaya Argentaria SA | 1.05 |
| 20 | Nomura Holdings Inc | 1.01 |
| 21 | Warnermedia Holdings Inc | 0.97 |
| 22 | Mercedes-Benz Finance North America LLC | 0.95 |
| 23 | AIB Group PLC | 0.93 |
| 24 | Westpac Banking Corp | 0.91 |
| 25 | Eversource Energy | 0.91 |
| 26 | BPCE SA | 0.89 |
| 27 | Banque Federative du Credit Mutuel SA | 0.87 |
| 28 | Nordea Bank Abp | 0.87 |
| 29 | Verizon Communications Inc | 0.84 |
| 30 | Roche Holdings Inc | 0.83 |
| 31 | Pfizer Investment Enterprises Pte Ltd | 0.83 |
| 32 | AIA Group Ltd | 0.81 |
| 33 | AT&T Inc | 0.80 |
| 34 | Australia & New Zealand Banking Group Ltd | 0.78 |
| 35 | ING Groep NV | 0.76 |
| 36 | Skandinaviska Enskilda Banken AB | 0.75 |
| 37 | Capital One Financial Corp | 0.74 |
| 38 | Standard Chartered PLC | 0.74 |
| 39 | Deutsche Bank AG/London | 0.73 |
| 40 | Microsoft Corp | 0.72 |
| 41 | CVS Health Corp | 0.70 |
| 42 | Credit Suisse AG/New York NY | 0.69 |
| 43 | Telefonica Emisiones SA | 0.64 |
| 44 | Pricoa Global Funding I | 0.63 |
| 45 | Deutsche Pfandbriefbank AG | 0.63 |
| 46 | Commonwealth Bank of Australia | 0.62 |
| 47 | Macquarie Group Ltd | 0.61 |
| 48 | Deutsche Bank AG/New York NY | 0.60 |
| 49 | Hewlett Packard Enterprise Co | 0.60 |
| 50 | Mitsubishi UFJ Financial Group Inc | 0.60 |
| 51 | Bayer US Finance LLC | 0.58 |
| 52 | Intesa Sanpaolo SpA | 0.58 |
| 53 | Goldman Sachs Group Inc/The | 0.57 |
| 54 | NatWest Markets PLC | 0.57 |
| 55 | Canadian Imperial Bank of Commerce | 0.57 |
| 56 | BP Capital Markets PLC | 0.56 |
| 57 | ASB Bank Ltd | 0.56 |
| 58 | Bank of Ireland Group PLC | 0.55 |
| 59 | Canadian Pacific Railway Co | 0.55 |
| 60 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 0.55 |
| 61 | Southern California Edison Co | 0.54 |
| 62 | Elevance Health Inc | 0.54 |
| 63 | Cooperatieve Rabobank UA | 0.53 |
| 64 | 蜜豆视频 AG | 0.52 |
| 65 | VMware LLC | 0.51 |
| 66 | Mizuho Financial Group Cayman 3 Ltd | 0.51 |
| 67 | PayPal Holdings Inc | 0.49 |
| 68 | Alibaba Group Holding Ltd | 0.48 |
| 69 | Federation des Caisses Desjardins du Quebec | 0.47 |
| 70 | EQT Corp | 0.47 |
| 71 | NBK Tier 1 Financing 2 Ltd | 0.47 |
| 72 | P3 Group Sarl | 0.45 |
| 73 | Marsh & McLennan Cos Inc | 0.45 |
| 74 | Vodafone Group PLC | 0.45 |
| 75 | Credit Agricole SA | 0.45 |
| 76 | Lowe's Cos Inc | 0.45 |
| 77 | State Street Corp | 0.44 |
| 78 | Daimler Truck Finance North America LLC | 0.44 |
| 79 | Moody's Corp | 0.44 |
| 80 | Amgen Inc | 0.44 |
| 81 | NextEra Energy Capital Holdings Inc | 0.44 |
| 82 | Tapestry Inc | 0.43 |
| 83 | Pacific National Finance Pty Ltd | 0.43 |
| 84 | Svenska Handelsbanken AB | 0.42 |
| 85 | Molson Coors Beverage Co | 0.42 |
| 86 | Santander Holdings USA Inc | 0.41 |
| 87 | Credit Agricole SA/London | 0.41 |
| 88 | TSMC Global Ltd | 0.41 |
| 89 | Bank of Nova Scotia/The | 0.40 |
| 90 | ABN AMRO Bank NV | 0.40 |
| 91 | Penske Truck Leasing Co Lp / PTL Finance Corp | 0.39 |
| 92 | Pacific Gas and Electric Co | 0.39 |
| 93 | Deutsche Lufthansa AG | 0.38 |
| 94 | Carrier Global Corp | 0.38 |
| 95 | NXP BV / NXP Funding LLC | 0.38 |
| 96 | Celanese US Holdings LLC | 0.37 |
| 97 | Concentrix Corp | 0.37 |
| 98 | Quanta Services Inc | 0.37 |
| 99 | Aon North America Inc | 0.37 |
| 100 | Anglo American Capital PLC | 0.37 |
| 101 | International Business Machines Corp | 0.36 |
| 102 | Fiserv Inc | 0.36 |
| 103 | Reckitt Benckiser Treasury Services PLC | 0.36 |
| 104 | Charter Communications Operating LLC / Charter Communications Operatin | 0.36 |
| 105 | Gilead Sciences Inc | 0.36 |
| 106 | Enbridge Inc | 0.36 |
| 107 | COMM 2015-3BP Mortgage Trust | 0.36 |
| 108 | Harley-Davidson Financial Services Inc | 0.36 |
| 109 | QBE Insurance Group Ltd | 0.34 |
| 110 | Mondelez International Holdings Netherlands BV | 0.34 |
| 111 | Fresenius SE & Co KGaA | 0.33 |
| 112 | Credit Suisse Schweiz AG | 0.33 |
| 113 | Wienerberger AG | 0.32 |
| 114 | Ford Motor Credit Co LLC | 0.32 |
| 115 | Nissan Motor Acceptance Co LLC | 0.31 |
| 116 | NatWest Group PLC | 0.30 |
| 117 | Santander UK Group Holdings PLC | 0.30 |
| 118 | Truist Financial Corp | 0.30 |
| 119 | Neptune Energy Bondco PLC | 0.30 |
| 120 | ONEOK Inc | 0.30 |
| 121 | Lenovo Group Ltd | 0.30 |
| 122 | Royal Bank of Canada | 0.30 |
| 123 | Telecom Italia SpA/Milano | 0.30 |
| 124 | Amazon.com Inc | 0.30 |
| 125 | APA Infrastructure Ltd | 0.29 |
| 126 | Kinder Morgan Inc | 0.29 |
| 127 | LG Chem Ltd | 0.29 |
| 128 | FirstEnergy Transmission LLC | 0.29 |
| 129 | American Express Co | 0.29 |
| 130 | Xcel Energy Inc | 0.29 |
| 131 | Constellation Energy Generation LLC | 0.29 |
| 132 | ANZ New Zealand Int'l Ltd/London | 0.28 |
| 133 | Broadcom Inc | 0.28 |
| 134 | Lendlease US Capital Inc | 0.28 |
| 135 | Broadcom Corp / Broadcom Cayman Finance Ltd | 0.28 |
| 136 | Metropolitan Life Global Funding I | 0.28 |
| 137 | QUALCOMM Inc | 0.28 |
| 138 | Aareal Bank AG | 0.28 |
| 139 | Southern California Gas Co | 0.28 |
| 140 | New York Life Global Funding | 0.28 |
| 141 | BWAY 2013-1515 Mortgage Trust | 0.28 |
| 142 | Kimco Realty OP LLC | 0.28 |
| 143 | Met Tower Global Funding | 0.27 |
| 144 | Central American Bank for Economic Integration | 0.26 |
| 145 | Scentre Group Trust 2 | 0.25 |
| 146 | Swedbank AB | 0.24 |
| 147 | Cellnex Telecom SA | 0.24 |
| 148 | Bank of Montreal | 0.24 |
| 149 | US Bancorp | 0.23 |
| 150 | Worley US Finance Sub Ltd | 0.22 |
| 151 | Ally Financial Inc | 0.22 |
| 152 | Ryder System Inc | 0.22 |
| 153 | T-Mobile USA Inc | 0.22 |
| 154 | Blackstone Property Partners Europe Holdings Sarl | 0.22 |
| 155 | Var Energi ASA | 0.22 |
| 156 | Sempra | 0.22 |
| 157 | Centene Corp | 0.21 |
| 158 | Principal Life Global Funding II | 0.21 |
| 159 | J M Smucker Co/The | 0.21 |
| 160 | SK Battery America Inc | 0.20 |
| 161 | NiSource Inc | 0.20 |
| 162 | Aker BP ASA | 0.19 |
| 163 | Aptiv PLC / Aptiv Corp | 0.19 |
| 164 | Zoetis Inc | 0.19 |
| 165 | BUPA Finance PLC | 0.18 |
| 166 | CPI Property Group SA | 0.18 |
| 167 | Unicaja Banco SA | 0.17 |
| 168 | CTP NV | 0.16 |
| 169 | Sofi Professional Loan Program 2018-D Trust | 0.16 |
| 170 | Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc | 0.16 |
| 171 | Nordson Corp | 0.15 |
| 172 | Guardian Life Global Funding | 0.15 |
| 173 | Micron Technology Inc | 0.15 |
| 174 | Sunny Optical Technology Group Co Ltd | 0.15 |
| 175 | Bank of New York Mellon Corp/The | 0.15 |
| 176 | QNB Finance Ltd | 0.15 |
| 177 | Williams Cos Inc/The | 0.15 |
| 178 | National Bank of Canada | 0.15 |
| 179 | WEA Finance LLC / Westfield UK & Europe Finance PLC | 0.15 |
| 180 | General Mills Inc | 0.15 |
| 181 | Uzbek Industrial and Construction Bank ATB | 0.15 |
| 182 | 蜜豆视频 Irl Select Money Market Fund - USD | 0.15 |
| 183 | Mondelez International Inc | 0.14 |
| 184 | MassMutual Global Funding II | 0.14 |
| 185 | Invesco Finance PLC | 0.14 |
| 186 | General Motors Financial Co Inc | 0.14 |
| 187 | Baxter International Inc | 0.14 |
| 188 | BBVA Bancomer SA/Texas | 0.14 |
| 189 | United Rentals North America Inc | 0.14 |
| 190 | Block Inc | 0.14 |
| 191 | KeySpan Gas East Corp | 0.14 |
| 192 | Bank Negara Indonesia Persero Tbk PT | 0.14 |
| 193 | John Deere Capital Corp | 0.14 |
| 194 | DNB Bank ASA | 0.14 |
| 195 | National Rural Utilities Cooperative Finance Corp | 0.13 |
| 196 | Lennox International Inc | 0.12 |
| 197 | Nestle Holdings Inc | 0.11 |
| 198 | Niagara Mohawk Power Corp | 0.10 |
| 199 | Triton Container International Ltd | 0.08 |
| 200 | Toronto-Dominion Bank/The | 0.07 |
| 201 | ORIX Corp | 0.07 |
| 202 | Analog Devices Inc | 0.07 |
| 203 | Sydney Airport Finance Co Pty Ltd | 0.07 |
| 204 | LSEGA Financing PLC | 0.07 |
| 205 | Coca-Cola Europacific Partners PLC | 0.07 |
| 206 | Allstate Corp/The | 0.04 |
| 207 | BAMLL Commercial Mortgage Securities Trust 2015-200P | 0.04 |
| 208 | GS/ITRX EUROPE S41-V1 SWAPTION PUT 60.00000% 24-20.06.24 | 0.02 |
| 209 | Country Garden Holdings Co Ltd | 0.02 |
| 210 | PG&E Corp | 0.01 |
| 211 | Shimao Group Holdings Ltd | 0.01 |
| 212 | SoFi Professional Loan Program 2017-D LLC | 0.01 |
| 213 | Sofi Professional Loan Program 2018-C Trust | 0.01 |
| 214 | US 2YR TREASURY NOTE FUTURE 28.06.24 | 0.01 |
| 215 | Marriott International Inc/MD | 0.00 |
| 216 | American Tower Corp | 0.00 |
| 217 | Corebridge Global Funding | 0.00 |
| 218 | Suncorp-Metway Ltd | 0.00 |
| 219 | US 5YR TREASURY NOTE FUTURE 28.06.24 | 0.00 |
| 220 | GS/ITRX EUROPE S41-V1 SWAPTION PUT 80.00000% 24-20.06.24 | -0.01 |
Fees
Flat fee
0.45%
Management fee p.a.
0.36%
Max. issuing commission
3.00%
Max. redemption commission
0.00%
Distribution fee
(see info)
Distributions
No distributions. Continuous reinvestment of income.
Authorisations
Literature
Agreement / Prospectus
|
Document type
|
Document Language
|
|
| Prospectus |
|
|
| Country supplement |
|
|
| 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 |
|
