Funds and prices
Overview
This actively managed, defensive equity fund invests in companies from Euro countries that offer a high dividend yield.
The fund aims to generate additional income through call overwriting.
The fund focuses on quality factors to exclude low quality stocks, including the company’s ability to pay stable or growing dividends.
The strategy is based on a quantitative model.
ÃÛ¶¹ÊÓƵ 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 ÃÛ¶¹ÊÓƵ Asset Management Sustainability exclusion policy. For more information on Sustainability at ÃÛ¶¹ÊÓƵ, please refer to www.ubs.com/am-si-commitment.
The portfolio manager is not tied to the benchmark in terms of investment selection or weight.
The distributing (-dist) share classes of this sub-fund intend to distribute capital (premiums from writing call options) as well as income (e.g. from dividends). See risk section below.
Benefits
Easy access to a high quality, defensive equity portfolio which aims to provide some downside cushion during market corrections.
Strong income component generated from dividends and call option premiums.
Investors can profit from a portfolio that seeks optimal diversification - low single stock weights and broad country and sector allocations.
Risks
Features
Product category |
ÃÛ¶¹ÊÓƵ Equity Funds
ÃÛ¶¹ÊÓƵ Country & Regional Funds |
Product domicile |
Luxembourg
|
Portfolio management |
ÃÛ¶¹ÊÓƵ Asset Management (UK) Ltd., London
|
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 AG, Stockholm
|
Day of inception |
January 28, 2015
|
Currency of account |
EUR
|
Close of financial year |
May 31
|
Issue / redemption |
daily
|
Next distribution |
August
|
Maturity |
Open end
|
Management fee |
1.28% p.a.
|
Total expense ratio (TER) |
1.67% p.a.
|
Swing pricing |
yes
|
Minimum investment |
n.a.
|
Reference Index / Benchmark |
MSCI EMU (net div. reinv.)
|
ISIN |
LU1121265380
|
Bloomberg Ticker |
UECIPRI LX
|
Performance and Prices
Percentage growth
as of April 3, 2024EUR(%) | |
YTD | |
1M | |
3M | |
6M | |
1Y | 9.29 |
2Y | |
3Y | 9.47 |
5Y | 6.55 |
ø p.a.5Y | 1.28 |
Current data
Net asset value | 03.04.2024 | EUR 67.35 |
High - last 12 months | 28.07.2023 | EUR 69.33 |
Low - last 12 months | 27.10.2023 | EUR 60.18 |
Last distribution | 04.08.2023 | EUR 5.30 |
Assets of the unit class in mn | 03.04.2024 | EUR 20.73 |
Total product assets in mn | 03.04.2024 | EUR 620.42 |
Indicative current equity yield | 29.02.2024 | 9.80% |
Date
|
2 years
|
5 years
|
|
Total risk reference index / benchmark | 29.02.2024 | 17.20% | 18.37% |
Sharpe Ratio | 29.02.2024 | 0.15 | 0.06 |
Risk Free Rate | 31.03.2024 | 2.23% | 0.61% |
Structures
By the 10 largest equity positions (in %, as of February 29, 2024)
|
|
Bayerische Motoren Werke AG | 2.70 |
Mediobanca Banca di Credito Finanziario SpA | 2.65 |
Schneider Electric SE | 2.65 |
AXA SA | 2.60 |
Koninklijke KPN NV | 2.59 |
Assicurazioni Generali SpA | 2.58 |
Industria de Diseno Textil SA | 2.57 |
SAP SE | 2.56 |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 2.53 |
Allianz SE | 2.51 |
Fees
Distributions
Date of distribution
|
Pay date
|
Cps no.
|
Currency
|
Distribution
|
EU Savings Tax - Tax domicile other EU country
|
01.08.2023 | 04.08.2023 | 10 | EUR | 5.30 | n.a. |
Authorisations
Literature
Document type
|
Document Language
|
Prospectus |
|
Country supplement |
|
Key Information Document |
|
Past performance |
|
Previous performance scenario |
|
Statutes / Management regulations |
|
ESG Disclosure |
|
Document type
|
Document Language
|
Annual report |
|
Semi-annual report |
|