蜜豆视频 ETFs
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Overview
蜜豆视频 (Lux) Fund Solutions – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF sub-fund aims to track, before expenses, the price and income performance of theJ.P. Morgan Global Government ESG Liquid Bond Index (Total Return) (this sub-fund's "Index").
The J.P. Morgan Global Government ESG Liquid Bond Index (Total Return) is designed to track the performance of liquid global government bonds.
The 蜜豆视频 (Lux) Fund Solutions – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF sub-fund will take an exposure on the components of its Index.
Additionally currency hedged share classes aim to reduce the impact of currency fluctuations between their reference currency and the index currency.
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 treasuries 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. Sustainability characteristics and risks are considered as part of the Index selection process. Sustainability characteristics and risks are considered as part of the Index selection process. Every fund has specific risks, which can significantly increase under unusual market conditions. As a result, the net asset value of the fund's 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 – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF
|
| Share class |
蜜豆视频 (Lux) Fund Solutions – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis
|
| Fund domicile |
Luxembourg
|
| Launch date |
14.10.2020
|
| Flat fee p.a. |
0.18%
|
| Management fee p.a. |
0.18%
|
| Total expense ratio (TER) p.a. |
0.18%
|
| Reuters |
n.a.
|
| Securities no. |
47204902
|
| Fund type |
open-end
|
| UCITS V |
yes
|
| Currency of share class |
GBP
|
| Accounting year end |
31 December
|
| Replication methodology |
physical stratified sampling
|
| Index name |
J.P. Morgan Global Government ESG Liquid Bond hedged to GBP Index (Total Return)
|
| Index type |
Total Return Net
|
| Number of index constituents |
1344
|
| Shares outstanding |
3,752,789
|
| Assets (GBP m) |
42.03
|
| Total fund assets (USD m) |
827.19
|
Performance and prices
Volatility (as of last month end)
| 1Y | 2Y | 3Y | 5Y | |
| Fund Volatility | - | 6.67% | 5.70% | n.a. |
| Benchmark Volatility | - | - | - | - |
| Tracking Error (ex post) | - | 0.09% | 0.08% | n.a. |
Latest dividend declaration
| Pay date | 07-Feb-2024 |
| Distribution date | 01-Feb-2024 |
| Distribution | 0.12 |
| Currency | GBP |
Net Asset Values
Last 7 days
From
28-Jul-2021
To
04-Aug-2021
|
Date
|
Adjusted NAV
|
Official NAV
|
Index
|
Distribution
|
| 27.03.2024 | GBP 11.5522 | GBP 11.1993 | 88.69 | |
| 28.03.2024 | GBP 11.5513 | GBP 11.1985 | 88.71 | |
| 02.04.2024 | GBP 11.4674 | GBP 11.1171 | 88.02 | |
| 03.04.2024 | GBP 11.4687 | GBP 11.1184 | 88.02 |
Sustainability
Sustainability-related disclosures
Summary
http://www.ubs.com/2/e/files/fund_solutions_jp_morgan_global_government_esg_liquid_bond_ucits_etf_esgdnl.pdf
No sustainable investment objective
It promotes Environmental/Social (E/S) characteristics and while it does not have as its objective a sustainable investment, it will have a minimum proportion of 20% of sustainable investments with an environmental objective in economic activities that do not qualify as environmentally sustainable under the EU Taxonomy
This financial product is passively managed and tracks an Index, indicators for adverse impacts on sustainability factors are taken into account by the Index provider as appropriate to the Index family.
Issuers identified as violating Freedom House principles will be removed from the index.
Environmental or social characteristics of the financial product
The following characteristics are promoted by the financial product:
tracks/tracking of a benchmark with a sustainability profile (ESG Score) that is higher than the parent benchmark’s sustainability profile The Reference Benchmark designated for the purpose of attaining the characteristic promoted by the financial product is the J.P. Morgan Global Government ESG Liquid Bond Index (Total Return).
The characteristic(s) is/are measured using the following indicator(s) respectively:
The ESG Score
Investment strategy
This financial product seeks to promote the characteristic(s) described in this annex through Index selection and passive asset management.
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. The Index which is stated by the index provider to be screened against environmental, social or governance criteria and any methodology used by the index provider to assess sustainability characteristics and risks of the constituents of the index can be found on the website of the index provider.
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: Characteristic:
A sustainability profile (MSCI ESG Score) that is higher than the parent benchmark’s sustainability profile. 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.
The methodology considers the issuer countries management of natural capital, produced capital, human capital and institutional capital. Countries are assessed on their ESG risks affecting the value of each of the capitals according to criteria corresponding to various risk factors expected to impact natural and produced capital, human capital and institutional capital. In addition ESG trends will be considered which capture whether ESG Performance is improving or deteriorating. The ESG trend score measures the improvement in a country’s performance on a given indicator relative to its 5-year average.
Proportion of investments
The minimum proportion of the investments used to meet the environmental and/or social characteristics promoted by the financial product is 90%.The minimum proportion of sustainable investments of the financial product is 20%. Derivatives are not used for the attainment of the characteristics promoted by this financial product. Derivatives will be primarily used for hedging and liquidity management purposes.
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.
Designated reference benchmark
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 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 strategy is to replicate the index by applying stratified sampling managing the tracking error.
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 J.P. Morgan Global Government ESG Liquid Bond Index (Total Return) is designed to track the performance of liquid global government bonds. The index is based on a market capitalization weighting. The index further applies an environmental, social and governance (ESG) screening and scoring of issuer countries. Countries are categorized into 10 bands based on their ESG score (1 = best, 10 = worst) and the countries in the lowest 5 ESG bands will be removed from the index.
The ESG methodology is described in the methodology of the index provider.
The methodology of the construction of the Index can be found in the fund factsheet of the prospectus.
Holdings
Show securities lending
10 Largest Basket Positions
as of 2024-04-02
| Securities | Coupon Dividend | Maturity Date | ISIN | Sedol Code | Currency | Price | Weight % |
| UKT 0 5/8 06/07/25 | 0.62 | 07.06.2025 | GB00BK5CVX03 | BK5CVX0 | GBP | 95.57 | 0.30 |
| UKT 1 1/2 07/22/26 | 1.50 | 22.07.2026 | GB00BYZW3G56 | BYZW3G5 | GBP | 94.28 | 0.28 |
| FRTR 2 1/2 05/25/30 | 2.50 | 25.05.2030 | FR0011883966 | BM691B2 | EUR | 98.83 | 0.28 |
| UKT 4 3/4 12/07/30 | 4.75 | 07.12.2030 | GB00B24FF097 | B24FF09 | GBP | 105.03 | 0.28 |
| FRTR 0 3/4 05/25/28 | 0.75 | 25.05.2028 | FR0013286192 | BFCMG88 | EUR | 92.46 | 0.27 |
| FRTR 1 1/2 05/25/31 | 1.50 | 25.05.2031 | FR0012993103 | BYMFLX0 | EUR | 92.03 | 0.27 |
| UKT 2 09/07/25 | 2.00 | 07.09.2025 | GB00BTHH2R79 | BTHH2R7 | GBP | 96.58 | 0.27 |
| FRANCE, REPUBLIC OF-OAT 2.75000% 12-25.10.27 | 2.75 | 25.10.2027 | FR0011317783 | B7PZQR7 | EUR | 100.05 | 0.27 |
| AMERICA, UNITED STATES OF 1.62500% 21-15.05.31 | 1.62 | 15.05.2031 | US91282CCB54 | BMHV4S5 | USD | 83.52 | 0.26 |
| AMERICA, UNITED STATES OF 2.87500% 22-15.05.32 | 2.88 | 15.05.2032 | US91282CEP23 | BPSLLY0 | USD | 89.92 | 0.26 |
Source: State Street, 02.04.2024
Holdings Summary
as of 2024-04-04
| Ticker | EGOG LN |
| Total net assets | 41,720,150.61 |
| Total outstanding ETF Shares | 3,752,789.00 |
| Base currency | GBP |
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
| 01.02.2021 | 04.02.2021 | GBP | 0.01 | ||
| 02.08.2021 | 05.08.2021 | GBP | 0.02 | ||
| 01.02.2022 | 04.02.2022 | GBP | 0.02 | ||
| 01.08.2022 | 04.08.2022 | GBP | 0.03 | ||
| 01.02.2023 | 06.02.2023 | GBP | 0.07 | ||
| 31.07.2023 | 04.08.2023 | GBP | 0.10 | ||
| 01.02.2024 | 07.02.2024 | GBP | 0.12 |
Authorisations
Literature
Brochures
|
Document type
|
Document Language
|
| Fact Sheet |
Agreement / Prospectus
|
Document type
|
Document Language
|
|
| ESG Disclosure |
|
|
| Key Information Document |
|
|
| Past performance |
|
|
| Previous performance scenario |
|
|
| Prospectus |
|
|
| SFDR Pre-Contractual Annex |
|
35VAGReport
|
Document type
|
Document Language
|
| Solvency II Reporting Q4 2023 |
|
| Solvency II Reporting Q3 2023 |
|
| Solvency II Reporting Q2 2023 |
|
| Solvency II Reporting Q1 2023 |
|
Annual and semi-annual report
|
Document type
|
Document Language
|
| Annual report |
|
| SFDR Periodic Report Annex |
|
| Semi-annual report |
|
Trading information
| Exchange | Currency | iNAV | Bid | Ask | Total volume | Total turnover | |
 |
London Stock Exchange Domestic/UK Market 1st Currency | GBP | - | 11.1200 | 11.1560 | 580,065.0000 | 6,454,964.2800 |
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). 蜜豆视频 (Lux) Fund Solutions – J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to EUR) A-acc is an investment institution (beleggingsinstelling) within the meaning of the AFM and registered in the Dutch register held with the Dutch Authority for the Financial Markets (Stichting Autoriteit Financiële Markten). Representative in the Netherlands for 蜜豆视频 funds established under foreign law: 蜜豆视频 Asset Management, 蜜豆视频 Europe SE Nederlandse Vestiging Rembrandt Tower – 18e verdieping, Amstelplein 1, 1096 HA AMSTERDAM, The Netherlands. Prospectuses, key information documents (KID), 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 Europe SE Nederlandse Vestiging or on the internet at www.ubs.com/etf. The product described herein aligns to Article 8 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.
