Funds and prices

Overview

Actively managed and diversified high quality portfolio of money market instruments denominated in the fund's currency with no cross currency exposure anticipated (fully hedged if required).

Principal investment objective to generate long-term performance consistent with prevailing market indices for money market instruments denominated in the fund's currency.

Classified as 'Standard VNAV Money Market Fund' by the common European money market fund definition.

Portfolio's average residual term to maturity may not exceed one year.

Seeks to invest in issuers with a strong ESG (Environmental Social and Governance) profile selected based on ESG data from internal and recognized external providers.

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.

This fund is not managed in reference to any benchmark.

This sub-fund promotes environmental and/or social characteristics but does not have a sustainable investment objective.

Benefits

Conservatively positioned with an investment objective to preserve invested capital.

Well diversified portfolio of high quality money market instruments.

Actively managed by experienced specialists, supported by in-house credit researchers.

Low NAV volatility (variable NAV).

Daily subscriptions and redemptions.

Competitive money market yields.

Benefiting from ÃÛ¶¹ÊÓƵ's money market purchasing power.

Risks

The funds invest in money market instruments and may therefore be subject to volatility. For funds following the mark-to-market approach the value of a unit may fall below the purchase price. Changes in interest rates have an effect on the value of the portfolio. The funds might use derivatives which can reduce investor risks or give rise to market risks as well as potential loss due to failure of counterparty. High-grade investment instruments are usually subject to a low credit risk (i.e. potential loss due to failure of issuer). Every fund reveals specific risks. These aspects require corresponding risk tolerance and capacity.

Features

Product category
ÃÛ¶¹ÊÓƵ Money Market Funds
ÃÛ¶¹ÊÓƵ Money Market Funds
Product domicile
Luxembourg
Portfolio management
ÃÛ¶¹ÊÓƵ Asset Management Switzerland AG, Zurich
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
March 1, 2002
Currency of account
EUR
Close of financial year
October 31
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Current management fee
0.40% p.a.
Maximum management fee
0.40% p.a.
Total expense ratio (TER)
0.39% p.a.
Minimum investment
n.a.
Reference Index / Benchmark
FTSE EUR 3M Eurodeposits
ISIN
LU0142661270
Bloomberg Ticker
ÃÛ¶¹ÊÓƵSTEU LX
Telekurs Id
STSEU

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
EUR(%) SEK(%)
YTD
1M
3M
6M
1Y 3.21 5.23
2Y
3Y 2.91 15.62
5Y 1.76 12.64
ø p.a.5Y 0.35 2.41

Current data

Net asset value 03.04.2024 EUR 120.25
High - last 12 months 03.04.2024 EUR 120.25
Low - last 12 months 05.04.2023 EUR 116.52
Assets of the unit class in mn 03.04.2024 EUR 185.65
Total product assets in mn 03.04.2024 EUR 235.34
Theoretical yield to maturity (net) 29.02.2024 3.36%
Average remaining maturity 29.02.2024 79.31 days

Structures

Top Ten holdings with maturity > 7 days (in %, as of February 29, 2024)

 
 
OKB ECP 0 02 Apr 2024 P-1/A-1+/NR 2.95
PG ECP 0 03 Apr 2024 P-1/A-1+/NR 2.95
ABNANV ECD 0 22 Jul 2024 Aa3/A/A 2.91
HSBC ECP 0 20 Aug 2024 P-1/A-1+/F1+ 2.90
BYLANG ECP 0 18 Apr 2024 P-1/NR/F1 2.52
TD ECP 0 04 Jun 2024 P-1/A-1+/F1+ 2.51
FRPTT ECP 0 28 Jun 2024 NR/A-1/F1 2.50
SWEDA ECP 0 30 Aug 2024 P-1/A-1/F1 2.49
RY ECD 0 07 May 2024 Aa1/AA-/AA 2.31
RABOBK ECP 0 10 Apr 2024 P-1/A-1/F1+ 2.10

Fees

Maximum flat fee
0.50%
Current flat fee
0.50%
Maximum management fee
0.40%
Current management fee
0.40%
Max. issuing commission
3.00%
Max. redemption commission
0.00%
Distribution fee
(see info)

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Austria
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Belgium
BNP PARIBAS Securities Services
Finland
ÃÛ¶¹ÊÓƵ AG, Stockholm
France
BNP PARIBAS Securities Services
Germany
ÃÛ¶¹ÊÓƵ Europe SE
Italy
ÃÛ¶¹ÊÓƵ Asset Management SGR S.p.A.
Liechtenstein
Liechtensteinische Landesbank AG
Luxembourg
ÃÛ¶¹ÊÓƵ Fund Services (Luxembourg) S.A.
Netherlands
ÃÛ¶¹ÊÓƵ Investment Bank Nederland BV.
Norway
ÃÛ¶¹ÊÓƵ AG, Stockholm
Spain
ÃÛ¶¹ÊÓƵ Europe SE, sucursal en España
Sweden
ÃÛ¶¹ÊÓƵ AG, Stockholm
Switzerland
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG
United Kingdom
ÃÛ¶¹ÊÓƵ Asset Management (UK) Limited

Literature

Brochures
Document type
Document Language
Fact Sheet
Fact Sheet - ÃÛ¶¹ÊÓƵ Money Market Funds
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
Annual and semi-annual report (accounting on October 31)
Document type
Document Language
Annual report
Semi-annual report