Funds and prices
Overview
This actively managed, defensive equity fund invests in companies from the US that are expected to offer a high yield from share buybacks and dividends.
The fund focuses on quality factors to exclude low quality stocks, including the company’s ability to pay stable or growing dividends.
The fund aims to generate additional income through call overwriting.
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 USD and CHF is largely hedged.
The distributing (-dist) share classes of this sub-fund intend to distribute capital (premiums from writing call options and the share buyback yield) as well as income (e.g. from dividends). See risk section below.
Benefits
Easy access to a high quality, defensive US equity portfolio which aims to provide some downside cushion during market corrections.
Strong income component generated from share buybacks, dividends and call option premiums.
Investors can profit from a portfolio that seeks optimal diversification - low single stock weights and broad sector allocations.
Experienced investment team with a solid track record in running both US equity and equity yield strategies.
Risks
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
|
Day of inception |
March 4, 2015
|
Currency of account |
USD
|
Currency of unit class |
CHF
|
Close of financial year |
May 31
|
Issue / redemption |
daily
|
Next distribution |
August
|
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 USA (net. div. reinv.) (hedged CHF)
|
ISIN |
LU1149725175
|
Bloomberg Ticker |
UBUSPCI LX
|
Performance and Prices
Percentage growth
as of April 3, 2024CHF(%) | EUR(%) | SEK(%) | |
YTD | |||
1M | |||
3M | |||
6M | |||
1Y | 7.84 | 9.33 | 11.47 |
2Y | |||
3Y | 12.15 | 26.90 | 42.58 |
5Y | 27.93 | 46.08 | 61.69 |
ø p.a.5Y | 5.05 | 7.87 | 10.09 |
Current data
Net asset value | 03.04.2024 | CHF 84.55 |
High - last 12 months | 25.07.2023 | CHF 88.69 |
Low - last 12 months | 27.10.2023 | CHF 73.75 |
Last distribution | 04.08.2023 | CHF 6.59 |
Assets of the unit class in mn | 03.04.2024 | CHF 29.85 |
Total product assets in mn | 03.04.2024 | CHF 1,238.21 |
Indicative current equity yield | 29.02.2024 | 11.20% |
Date
|
2 years
|
5 years
|
|
Total risk reference index / benchmark | 29.02.2024 | 19.89% | 18.72% |
Sharpe Ratio | 29.02.2024 | -0.01 | 0.34 |
Risk Free Rate | 31.03.2024 | 0.87% | -0.06% |
Structures
By the 10 largest equity positions (in %, as of February 29, 2024)
|
|
General Electric Co | 3.36 |
Hartford Financial Services Group Inc/The | 3.35 |
Home Depot Inc/The | 3.34 |
Visa Inc | 3.12 |
Cognizant Technology Solutions Corp | 3.09 |
Chevron Corp | 3.03 |
NetApp Inc | 3.02 |
Cardinal Health Inc | 3.01 |
General Mills Inc | 2.98 |
HCA Healthcare Inc | 2.95 |
Fees
Distributions
Date of distribution
|
Pay date
|
Cps no.
|
Currency
|
Distribution
|
EU Savings Tax - Tax domicile other EU country
|
01.08.2023 | 04.08.2023 | 10 | CHF | 6.59 | n.a. |
Authorisations
Literature
Document type
|
Document Language
|
|
Prospectus |
|
|
Key Information Document |
|
|
Past performance |
|
|
Previous performance scenario |
|
|
Statutes / Management regulations |
|
|
ESG Disclosure |
|
|
Document type
|
Document Language
|
Annual report |
|
Semi-annual report |
|