Funds and prices

Overview

This actively managed, defensive equity fund invests in companies from Euro countries that offer a high dividend yield.

The fund aims to generate additional income through call overwriting.

The fund focuses on quality factors to exclude low quality stocks, including the company’s ability to pay stable or growing dividends.

The strategy is based on a quantitative model.

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 EUR and USD is largely hedged.

Benefits

Easy access to a high quality, defensive equity portfolio which aims to provide some downside cushion during market corrections.

Strong income component generated from dividends and call option premiums.

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

Risks

ÃÛ¶¹ÊÓƵ Equity 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 substantially 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 fund can use derivatives, which may result in additional risks (particularly counterparty risk). In distributing share classes, the equity yield, net of fund fees, will be distributed. 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 realized 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.

Features

Product category
ÃÛ¶¹ÊÓƵ Equity Funds
ÃÛ¶¹ÊÓƵ Country & Regional Funds
Product domicile
Luxembourg
Portfolio management
ÃÛ¶¹ÊÓƵ Asset Management (UK) Ltd., London
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
January 28, 2015
Currency of account
EUR
Currency of unit class
USD
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
1.32% p.a.
Total expense ratio (TER)
1.72% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
MSCI EMU (net div. reinv.) (hedged USD)
ISIN
LU1121265620
Bloomberg Ticker
UECPHAU LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
USD(%) EUR(%) SEK(%)
YTD
1M
3M
6M
1Y 11.30 11.98 14.17
2Y
3Y 16.11 26.17 41.76
5Y 17.99 22.43 35.52
ø p.a.5Y 3.36 4.13 6.27

Current data

Net asset value 03.04.2024 USD 146.69
High - last 12 months 27.03.2024 USD 147.47
Low - last 12 months 27.10.2023 USD 130.11
Assets of the unit class in mn 03.04.2024 USD 2.28
Total product assets in mn 03.04.2024 USD 671.45
Indicative current equity yield 29.02.2024 9.80%
Statistical data
Date
2 years
5 years
Total risk reference index / benchmark 29.02.2024 17.20% 18.37%
Sharpe Ratio 29.02.2024 0.21 0.09
Risk Free Rate 31.03.2024 4.15% 2.15%

Structures

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

 
 
Bayerische Motoren Werke AG 2.70
Mediobanca Banca di Credito Finanziario SpA 2.65
Schneider Electric SE 2.65
AXA SA 2.60
Koninklijke KPN NV 2.59
Assicurazioni Generali SpA 2.58
Industria de Diseno Textil SA 2.57
SAP SE 2.56
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 2.53
Allianz SE 2.51

Fees

Flat fee
1.65%
Management fee p.a.
1.32%
Max. issuing commission
5.00%
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
Denmark
ÃÛ¶¹ÊÓƵ AG, Stockholm
Finland
ÃÛ¶¹ÊÓƵ AG, Stockholm
Germany
ÃÛ¶¹ÊÓƵ Europe SE
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.
Netherlands
ÃÛ¶¹ÊÓƵ Investment Bank Nederland BV.
Norway
ÃÛ¶¹ÊÓƵ AG, Stockholm
Portugal
ÃÛ¶¹ÊÓƵ Europe SE, sucursal en España
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