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 EUR 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
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 AG, Stockholm
|
| Regulation |
UCITS
|
| Legal form |
Unlimited
|
| Day of inception |
April 13, 2021
|
| Currency of account |
EUR
|
| Close of financial year |
May 31
|
| Issue / redemption |
daily
|
| Maturity |
Open end
|
| Management fee |
0.68% p.a.
|
| Total expense ratio (TER) |
0.88% p.a.
|
| Swing pricing |
yes
|
| Minimum investment |
n.a.
|
| Reference Index / Benchmark |
JP Morgan Asian Credit Non-Investment Grade Index hedged to EUR
|
| Cut-Off Time |
13:00h (CET)
|
| ISIN |
LU2325209497
|
| Bloomberg Ticker |
UBHYUEH LX
|
Performance and Prices
Percentage growth
as of April 4, 2024| EUR(%) | |
| YTD | |
| 1M | |
| 3M | |
| 6M | |
| 1Y | 2.32 |
| 2Y | |
| 3Y | - |
| 5Y | - |
| ø p.a.5Y |
Current data
| Net asset value | 04.04.2024 | EUR 54.19 |
| High - last 12 months | 05.04.2023 | EUR 55.82 |
| Low - last 12 months | 04.10.2023 | EUR 46.75 |
| Last distribution | 04.08.2023 | EUR 2.72 |
| Assets of the unit class in mn | 04.04.2024 | EUR 2.11 |
| Total product assets in mn | 04.04.2024 | EUR 740.50 |
| Theoretical yield to maturity (net) | 29.02.2024 | 8.85% |
| Option Adjusted Duration | 29.02.2024 | 2.20 |
| Average remaining maturity | 29.02.2024 | 3.73 years |
Structures
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 | 4 | EUR | 2.72 | 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 |
|
