Funds and prices
Overview
The actively managed fund invests in Asian high yield bonds (primarily non-investment grade bonds of Asian sovereign, quasi-sovereign and corporate issuers) denominated in US dollar, and seeks to generate an attractive risk-adjusted return.
The fund allows the portfolio manager team to opportunistically invest up to 20% of the portfolio in Asian local currencies as an additional return driver.
The fund is managed by the pan-Asian fixed income team located in Singapore, whose regional specialists are integrated with the global fixed income team and thus can leverage significant resources of the wider group.
The portfolio manager is not tied to the benchmark in terms of investment selection or weight.
The exchange rate risk between USD and GBP is largely hedged.
Benefits
Through the diversified bond portfolio investors can participate in the Asian market's opportunities for higher yielding corporate bonds and local currencies.
Active management in accordance with market conditions allows the portfolio to be dynamically adjusted throughout market cycles.
Investors can particularly benefit from 蜜豆视频's expertise in markets where transparency and access to information may be limited.
Risks
Features
| Asset class |
Bond
High Yield |
| Product domicile |
Luxembourg
|
| Portfolio management |
蜜豆视频 Asset Management (Singapore) Ltd
|
| Fund management |
蜜豆视频 Fund Management (Luxembourg) S.A., Luxembourg
|
| Custodian bank |
蜜豆视频 Europe SE, Luxembourg Branch
|
| Representative for products established under foreign law |
蜜豆视频 Asset Management (Singapore) Ltd.
|
| Regulation |
UCITS
|
| Legal form |
Unlimited
|
| Day of inception |
22 June, 2020
|
| Currency of account |
GBP
|
| Close of financial year |
31 May
|
| Issue / redemption |
daily
|
| Maturity |
Open end
|
| Management fee |
0.44% p.a.
|
| Total expense ratio (TER) |
0.57% p.a.
|
| Minimum investment |
n.a.
|
| Reference Index / Benchmark |
JP Morgan Asian Credit Non-Investment Grade Index USD (hedged GBP)
|
| Cut-Off Time |
13:00h (CET)
|
| ISIN |
LU2181694816
|
| Bloomberg Ticker |
UHYUGHI LX
|
Performance and Prices
Percentage growth
as of 5 June, 2023| GBP(%) | EUR(%) | |
| YTD | ||
| 1M | ||
| 3M | ||
| 6M | ||
| 1Y | -9.13 | -9.86 |
| 2Y | ||
| 3Y | - | - |
| 5Y | - | - |
| ø p.a.5Y |
Current data
| Net asset value | 06.06.2023 | GBP 0.00 |
| High - last 12 months | 10.06.2022 | GBP 66.30 |
| Low - last 12 months | 06.06.2023 | GBP 0.00 |
| Last distribution | 04.08.2022 | GBP 5.04 |
| Assets of the unit class in mn | 05.06.2023 | GBP 0.51 |
| Assets under management | 05.06.2023 | GBP 751.73 |
| Option Adjusted Duration | 31.05.2023 | 2.40 |
| Average remaining maturity | 31.05.2023 | 0.16 years |
Structures
By the 10 largest positions (in %, as of 28 April, 2023)
|
|
|
| Ind & Comm Bk Of China | 3.42 |
| Greenko Dutch Bv | 2.27 |
| Nwd Finance (Bvi) Ltd | 1.82 |
| Mgm China Holdings Ltd | 1.67 |
| Melco Resorts Finance | 1.53 |
| Wynn Macau Ltd | 1.50 |
| Sands China Ltd | 1.37 |
| Islamic Rep Of Pakistan | 1.33 |
| Country Garden Hldgs | 1.32 |
| Republic Of Sri Lanka | 1.29 |
Fees
Distributions
|
Date of distribution
|
Pay date
|
Currency
|
Distribution
|
EU Savings Tax - Tax domicile other EU country
|
Ex-date
|
| 01.08.2022 | 04.08.2022 | 3 | GBP | 5.04 | n.a. |
