Funds and prices

Overview

This actively managed equity fund invests in selected US companies that are expected to deliver above market average total yields. Total Yield is the sum of yields from dividend distributions and from company profits returned to shareholders via share buybacks.

Focus on quality factors with the aim to exclude low quality stocks.

The portfolio is well diversified with low single stock weights and broad sector allocation.

ÃÛ¶¹ÊÓƵ Total Yield Equity Funds have typical equity risk characteristics. Total yield must not be confused with total return.

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 exchange rate risk between USD and EUR is largely hedged.

The distributing (-dist) share classes of this sub-fund intend to distribute capital (share buyback yield) as well as income (e.g. from dividends). See risk section below.

Benefits

Easy access to US stocks that offer high total yields which sums up yields from dividends and share buybacks.

Investors can profit from a portfolio that seeks optimal diversification - low single stock weights and a broad sector allocation.

Experienced investment team with a solid track record in running both US equity and equity yield strategies.

Risks

ÃÛ¶¹ÊÓƵ Country & Regional Funds invest in equities and may therefore be subject to high fluctuations in value. As these ÃÛ¶¹ÊÓƵ funds pursue an active management style, each fund's performance can deviate from that of its reference index. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. The distributing (-dist) share classes of this fund intend to distribute capital as well as income (e.g. from dividends). Investors in some jurisdictions may incur a higher rate of tax on distributed capital than on any capital gains which are realised on disposal of fund shares. Some investors may therefore choose to invest in the accumulating (-acc) instead of the distributing (-dist) share classes. Investors may be taxed at a later point in time on income and capital arising on accumulating (-acc) share classes compared to distributing (-dist) share classes. Investors should seek their own tax advice. Total yield must not be confused with total return.

Features

Product category
ÃÛ¶¹ÊÓƵ Equity Funds
ÃÛ¶¹ÊÓƵ Country & Regional Funds
Product domicile
Luxembourg
Portfolio management
ÃÛ¶¹ÊÓƵ Asset Management
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
Regulation
UCITS
Legal form
Unlimited
Day of inception
February 15, 2013
Currency of account
USD
Currency of unit class
EUR
Close of financial year
May 31
Issue / redemption
daily
Next distribution
August
Maturity
Open end
Management fee
1.24% p.a.
Total expense ratio (TER)
1.62% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
MSCI USA (net div. reinv.) (hedged EUR)
ISIN
LU0868495184
Bloomberg Ticker
UBPDEUH LX
Telekurs Id
n.a.

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
EUR(%) SEK(%)
YTD
1M
3M
6M
1Y 20.98 23.35
2Y
3Y 22.68 37.83
5Y 47.65 63.44
ø p.a.5Y 8.11 10.32

Current data

Net asset value 03.04.2024 EUR 152.18
High - last 12 months 28.03.2024 EUR 153.58
Low - last 12 months 27.10.2023 EUR 123.70
Last distribution 04.08.2023 EUR 7.02
Assets of the unit class in mn 03.04.2024 EUR 5.13
Total product assets in mn 03.04.2024 EUR 1,134.11
Indicative current total yield 29.02.2024 5.30%
Statistical data
Date
2 years
5 years
Total risk reference index / benchmark 29.02.2024 20.09% 18.80%
Sharpe Ratio 29.02.2024 0.20 0.38
Risk Free Rate 31.03.2024 2.23% 0.61%

Structures

By the 10 largest equity positions (in %, as of February 29, 2024)

 
 
Apple Inc 8.07
Home Depot Inc/The 3.01
Visa Inc 2.97
Mastercard Inc 2.80
General Electric Co 2.74
Applied Materials Inc 2.70
Builders FirstSource Inc 2.61
Chevron Corp 2.60
QUALCOMM Inc 2.39
Lowe's Cos Inc 2.37

Fees

Flat fee
1.55%
Management fee p.a.
1.24%
Max. issuing commission
5.00%
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
01.08.2023 04.08.2023 13 EUR 7.02 n.a.

Authorisations

Country of distribution
Representative / Information
Austria
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Belgium
BNP PARIBAS Securities Services
Finland
ÃÛ¶¹ÊÓƵ AG, Stockholm
Germany
ÃÛ¶¹ÊÓƵ (Deutschland) AG
Greece
Bank of Cyprus Ltd.
Italy
ÃÛ¶¹ÊÓƵ Asset Management SGR S.p.A.
Liechtenstein
Liechtensteinische Landesbank AG
Luxembourg
ÃÛ¶¹ÊÓƵ Fund Services (Luxembourg) S.A.
Macau
ÃÛ¶¹ÊÓƵ Asset Management (Hong Kong) Limited
Malta
Crystal Finance Investments Limited
Netherlands
ÃÛ¶¹ÊÓƵ Investment Bank Nederland BV.
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
Manager Commentary
Fact Sheet - ÃÛ¶¹ÊÓƵ Equity Funds
Fact Sheet - ÃÛ¶¹ÊÓƵ Country & Regional Funds
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
ESG Disclosure
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
Semi-annual report