Funds and prices

Overview

The actively managed fund invests primarily in hard currency emerging markets government bonds.

Additionally, the fund allows opportunistic exposures to emerging markets corporate bonds and local currencies.

The fund's country, interest rate and currency exposures are actively managed under strict risk control with the aim to benefit from market movements.

The portfolio manager is not tied to the benchmark in terms of investment selection or weight.

The exchange rate risk between USD and CHF is largely hedged.

Benefits

The fund gives access to a global emerging markets debt portfolio focused on hard currency.

The fund is broadly diversified across selected issuers from various emerging countries, aiming for an optimal risk-to-return profile.

Experienced emerging market investment specialists can allocate the portfolio flexibly to seize investment opportunities whenever they occur.

Risks

The fund offers higher return potential than a high-quality money market portfolio and therefore bears a higher risk. In addition, emerging markets are at an early stage of development which can typically involve a high level of price volatility and other specific risks such as lower market transparency, regulatory hurdles, corporate governance and political and social challenges. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk).

Features

Product category
ÃÛ¶¹ÊÓƵ Emerging Market Funds
Bonds
Product domicile
Luxembourg
Portfolio management
ÃÛ¶¹ÊÓƵ Asset Management (Americas) LLC, New York
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
April 30, 2010
Currency of account
CHF
Close of financial year
August 31
Issue / redemption
daily
Next distribution
November
Maturity
Open end
Management fee
1.26% p.a.
Total expense ratio (TER)
1.66% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
JPM EMBI Global Diversified (USD) (CHF hedged)
ISIN
LU0505553213
Bloomberg Ticker
UGECCPD LX
Telekurs Id
n.a.

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
CHF(%) EUR(%) SEK(%)
YTD
1M
3M
6M
1Y 9.61 11.12 13.30
2Y
3Y -13.26 -1.85 10.28
5Y -12.69 -0.30 10.35
ø p.a.5Y -2.68 -0.06 1.99

Current data

Net asset value 03.04.2024 CHF 50.14
High - last 12 months 28.03.2024 CHF 50.66
Low - last 12 months 13.11.2023 CHF 44.78
Last distribution 07.11.2023 CHF 2.27
Assets of the unit class in mn 03.04.2024 CHF 2.73
Total product assets in mn 03.04.2024 CHF 467.22
Theoretical yield to maturity (net) 29.02.2024 6.24%
Modified duration 29.02.2024 7.18

Structures

Fees

Flat fee
1.58%
Management fee p.a.
1.26%
Max. issuing commission
3.00%
Max. redemption commission
0.00%
Distribution fee
(see info)

Distributions

From
01-Nov-2020
To
01-Nov-2021
Date of distribution
Pay date
Cps no.
Currency
Distribution
EU Savings Tax - Tax domicile other EU country
02.11.2023 07.11.2023 14 CHF 2.27 n.a.

Authorisations

Country of distribution
Representative / Information
Austria
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Chile
ÃÛ¶¹ÊÓƵ Asset Management (Americas) Inc.
Finland
ÃÛ¶¹ÊÓƵ AG, Stockholm
France
BNP PARIBAS Securities Services
Germany
ÃÛ¶¹ÊÓƵ (Deutschland) AG
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 Emerging Market Funds
Fact Sheet - Bonds
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 August 31)
Document type
Document Language
Annual report
Semi-annual report