蜜豆视频 ETFs
We are reducing the fee across a wide range of our ETFs.
We are reducing the fee across a wide range of our ETFs.
The scale and breadth of our Indexed capabilities enables us to provide competitive pricing whilst remaining committed to the highest levels of quality.
All 蜜豆视频 ETFs are UCITS compliant, have UK Reporting Fund status, and are SIPP and ISA eligible.
Overview
The fund aims to track, before expenses, the price and yield performance of the Bloomberg MSCI US Liquid Corporates Sustainable Total Return Index.
The fund invests in bonds of the underlying index, and provides exposure to investment grade, USD denominated securities issued by US corporate issuers operating in financial, industrial and utility sectors.
The fund is passively managed.
Benefits
Clients benefit from the flexibility of an exchange-traded investment.
Provides access to this segment of the market with a single transaction.
Optimised risk/return profile thanks to a broad diversification across a range of countries and sectors.
The fund offers a high degree of transparency and cost efficiency.
UCITS compliant fund.
Risks
This 蜜豆视频 Exchange Traded Fund invests primarily in corporate bonds and currency hedge derivatives, which are included in the Bloomberg Barclays MSCI US Liquid Corporates Sustainable Index. This Fund may not be appropriate for investors who plan to withdraw their money before the recommended holding period disclosed in the PRIIPs KID. All investments are subject to market fluctuations. Every fund has specific risks, which may significantly increase under unusual market conditions. Sustainability characteristics and risks are considered as part of the Index selection process. The fund's assets are passively managed. As a result, the net asset value of the fund is directly dependent on the performance of the underlying index. Losses that could be avoided via active management will not be offset.
Features
| Name of fund |
蜜豆视频 (Lux) Fund Solutions – Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF
|
| Share class |
蜜豆视频 (Lux) Fund Solutions – Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis
|
| Fund domicile |
Luxembourg
|
| Launch date |
23.07.2015
|
| Flat fee p.a. |
0.13%
|
| Management fee p.a. |
0.13%
|
| Total expense ratio (TER) p.a. |
0.13%
|
| Reuters |
n.a.
|
| Securities no. |
28754755
|
| Sedol code |
-
|
| Fund type |
open-end
|
| UCITS V |
yes
|
| Currency of share class |
USD
|
| Accounting year end |
31 December
|
| Replication methodology |
physical stratified sampling
|
| Index name |
Bloomberg MSCI US Liquid Corporates Sustainable Total Return
|
| Index type |
Total Return
|
| Number of index constituents |
450
|
| Shares outstanding |
12,228,060
|
| Assets (USD m) |
183.80
|
| Total fund assets (USD m) |
617.68
|
Performance and prices
Volatility (as of last month end)
| 1Y | 2Y | 3Y | 5Y | |
| Fund Volatility | - | 11.75% | 10.08% | 9.41% |
| Benchmark Volatility | - | - | - | - |
| Tracking Error (ex post) | - | 0.04% | 0.05% | 0.07% |
Latest dividend declaration
| Pay date | 07-Feb-2024 |
| Distribution date | 01-Feb-2024 |
| Distribution | 0.35 |
| Currency | USD |
Net Asset Values
Last 7 days
From
28-Jul-2021
To
04-Aug-2021
|
Date
|
Adjusted NAV
|
Official NAV
|
Index
|
Distribution
|
| 27.03.2024 | USD 19.0366 | USD 14.9519 | 163.56 | |
| 28.03.2024 | USD 19.0608 | USD 14.9709 | 163.81 | |
| 02.04.2024 | USD 18.8765 | USD 14.8261 | 162.19 | |
| 03.04.2024 | USD 18.9015 | USD 14.8458 |
Sustainability
Sustainability-related disclosures
Summary
http://www.ubs.com/2/e/files/fund_solutions_bloomberg_msci_us_liquid_corporates_sustainable_ucits_etf_esgde.pdf
No sustainable investment objective
It promotes Environmental/Social (E/S) characteristics and while it does not have as its objective a sustainable investment, it will have a minimum proportion of 10% of sustainable investments with an environmental objective in economic activities that do not qualify as environmentally sustainable under the EU Taxonomy
This financial product is passively managed and tracks an Index, indicators for adverse impacts on sustainability factors are taken into account by the Index provider as appropriate to the Index family.
Indicators for adverse impacts on sustainability factors are taken into account by the Index provider as appropriate to the Index family.
The indices incorporate the MSCI ESG Controversies score, screening out on a timely basis any issuers in significant breach of ESG norms.
MSCI ESG Controversies are designed to provide timely and consistent assessments of ESG controversies involving issuers. Any issuer with a “Red” MSCI ESG Controversies Score (score less than 1) is excluded from Sustainability indices. The Controversy Score measures an issuer’s involvement in major ESG controversies and how well the issuer adheres to international norms and principles.
The financial product exclude investments in companies involved directly in the use, development, manufacturing, stockpiling, transfer or trade of cluster munitions and/or anti-personnel landmines, nuclear weapons, biological weapons or chemical weapons.
The MSCI ESG Controversies tool monitors company involvement in notable ESG controversies related to the company’s operations and/or products, possible breaches of international norms and principles such as the UN Global Compact, and performance with respect to these norms and principles.
Environmental or social characteristics of the financial product
The following characteristics are promoted by the financial product:
tracks/tracking of a benchmark with a sustainability profile (ESG Score) that is higher than the parent benchmark’s sustainability profile The Reference Benchmark designated for the purpose of attaining the characteristic promoted by the financial product is the Bloomberg MSCI US Liquid Corporates Sustainable Index.
The characteristic(s) is/are measured using the following indicator(s) respectively:
The ESG Score
Investment strategy
This financial product seeks to promote the characteristic(s) described in this annex through Index selection and passive asset management.
This financial product is passively managed and seeks to track the performance and the ESG profile of the Index. Sustainability characteristics and risks are considered as part of the Index selection process. The Index which is stated by the index provider to be screened against environmental, social or governance criteria and any methodology used by the index provider to assess sustainability characteristics and risks of the constituents of the index can be found on the website of the index provider.
The following binding element(s) of the investment strategy are used to select the investments to attain the characteristic(s) promoted by this financial product: Characteristic:
A sustainability profile (MSCI ESG Score) that is higher than the parent benchmark’s sustainability profile. The calculations do not take account of cash, derivatives and unrated investment instruments.
The binding element(s) are calculated at quarter end using the average of all of business days’ values in the quarter.
Assessment of good governance practices of the investee companies are performed by the index provider.
MSCI ESG Ratings analysis begins with an evaluation of each company’s Corporate Governance, taking into consideration the company’s ownership and control structures, the composition and effectiveness of its board, the effectiveness of its incentive practices and the integrity of its accounting. Corporate Behavior is also monitored, including any controversies that might have a significant negative impact on the company’s value.
Proportion of investments
The minimum proportion of the investments used to meet the environmental and/or social characteristics promoted by the financial product is 90%.The minimum proportion of sustainable investments of the financial product is 10%. Derivatives are not used for the attainment of the characteristics promoted by this financial product. Derivatives will be primarily used for hedging and liquidity management purposes.
Methodologies
The methodology of the construction of the Index can be found in the annex to the prospectus or supplement.
Data sources and processing
The data sources used to attain the stated environmental or social characteristics are as follows:
The MSCI ESG Score, supplied by the index provider
Data is consumed from leading provider(s)
Limitations to methodologies and data
We apply a minimum coverage threshold for the data sources used to attain the stated environmental or social characteristics of the financial product, these thresholds ensure that the binding targets can be monitored and measured. Accuracy of data is dependent on 3rd party providers, coverage of data sources can be less than 100% due to uncovered asset types, incomplete or inconsistent data and gaps in the coverage of these 3rd party providers.
Due diligence
Due diligence is carried out on index providers and/or data providers. This financial product is passively managed and seeks to track the performance and the ESG profile of the Index. Sustainability characteristics and risks are considered as part of the Index selection process.
Engagement policies
In terms of passive strategies tracking sustainability indexes as is the case with this financial product, the engagement process helps us to identify companies where material ESG and sustainability factors may present a future negative risk.
While the 蜜豆视频 AM engagement program is across all asset classes and portfolios, the impact on passively managed fixed income strategies might be reduced, mainly due to the lack of voting rights and that companies which failed in 蜜豆视频 AM's engagement process are typically not excluded due to the passive management style.
Nevertheless, passively managed fixed income assets are part of the engagement with senior management, as all other assets the firm manages, in order to achieve the biggest possible impact.
Designated reference benchmark
The financial product has initially selected the reference benchmark for its relevance to its investment strategy and the attainment of the sustainable objective it seeks to achieve. The Index rebalances on a monthly basis, more details on the index methodology applied by the Index provider can be found below. It is not anticipated that the composition of the Index will be adjusted to the extent that tracking is not possible.
The alignment of the investment strategy with the methodology of the index is ensured on a continuous basis as the index provider rebalances the index on a regular basis and the Investment Manager tracks the Index in line with the limits set out in the investment policy of Fund.
The financial product has initially selected the reference benchmark for its relevance to its investment strategy and the attainment of the characteristics it seeks to promote.
The investment strategy of the fund is to track the benchmark’s return and its characteristics, including ESG characteristics, as closely as reasonably possible. The investment strategy is to replicate the index by applying stratified sampling managing the tracking error.
The investment manager reviews the index methodology when the product is set up and the Index provider may be contacted if the Index methodology is no longer in line with the investment strategy of the financial product.
The designated index (Bloomberg MSCI US Liquid Corporates Sustainable Index) is a market capitalization weighted index. The Index represents liquid corporate bonds, issued by investment grade companies that are consistent with specific values-based criteria such as religious beliefs, moral standards or ethical views, and targets companies with high sustainability ratings relative to their sector peers and that are available to investors worldwide. Bonds are screened by age, type, size and sustainability rating. Debt issued by financial and non-financial companies is eligible for the Index so that bonds from issuers of different sectors are in the index including such from the financial industry. The issuer domicile is relevant and only an issuer from the USA, as defined by Bloomberg Indices, and issuing in USD is included. The bonds are valued daily based on Bid prices, however on rebalancing new bonds enter the index at the Ask price and they are removed based on the Bid Price. The index is rebalanced on a monthly basis.
The methodology of the construction of the Index can be found in the fund factsheet of the prospectus.
Holdings
Show securities lending
10 Largest Basket Positions
as of 2024-04-02
| Securities | Coupon Dividend | Maturity Date | ISIN | Sedol Code | Currency | Price | Weight % |
| PFIZER INVESTMENT ENTERPRISES PTE LTD 5.30000% 23-19.05.53 | 5.30 | 19.05.2053 | US716973AG71 | BQ66T84 | USD | 97.19 | 0.86 |
| WARNERMEDIA HOLDINGS INC 5.14100% 23-15.03.52 | 5.14 | 15.03.2052 | US55903VBE20 | BN70SX2 | USD | 80.81 | 0.83 |
| PFIZER INVESTMENT ENTERPRISES PTE LTD 4.75000% 23-19.05.33 | 4.75 | 19.05.2033 | US716973AE24 | BQ66T62 | USD | 97.53 | 0.73 |
| WARNERMEDIA HOLDINGS 4.27900% 23-15.03.32 | 4.28 | 15.03.2032 | US55903VBC63 | BN70TM8 | USD | 88.21 | 0.63 |
| AMGEN INC 5.25000% 23-02.03.33 | 5.25 | 02.03.2033 | US031162DR88 | BMTY608 | USD | 100.12 | 0.63 |
| AMGEN INC 5.65000% 23-02.03.53 | 5.65 | 02.03.2053 | US031162DT45 | BMTY5X4 | USD | 99.79 | 0.63 |
| BANK OF AMERICA CORP 5.468%/VAR 24-23.01.35 | 5.47 | 23.01.2035 | US06051GMA49 | BRBCSG5 | USD | 99.58 | 0.60 |
| BANK OF AMERICA CORP 5.288%/VAR 23-25.04.34 | 5.29 | 25.04.2034 | US06051GLH01 | BMDLR57 | USD | 98.54 | 0.59 |
| PFIZER INVESTMENT ENTERPRISES PTE LTD 4.45000% 23-19.05.28 | 4.45 | 19.05.2028 | US716973AC67 | BQ66T40 | USD | 98.09 | 0.59 |
| BANK OF AMERICA CORP 5.015%/VAR 22-22.07.33 | 5.02 | 22.07.2033 | US06051GKY43 | BPNYGN8 | USD | 97.30 | 0.58 |
Source: State Street, 02.04.2024
Holdings Summary
as of 2024-04-04
| Ticker | CBSUS IM, UE25 NA, CBSUS SW, UC97 LN, UC98 LN |
| Total net assets | 182,258,445.41 |
| Total outstanding ETF Shares | 12,293,060.00 |
| Base currency | USD |
Source: State Street, 04.04.2024
Collateral 12 month lending summary
as of last month end
Distributions as of 11-Jan-2022
From
11-Jan-2021
To
11-Jan-2022
| 29.01.2016 | 03.02.2016 | USD | 0.20 | ||
| 29.07.2016 | 03.08.2016 | USD | 0.25 | ||
| 31.01.2017 | 03.02.2017 | USD | 0.18 | ||
| 31.07.2017 | 03.08.2017 | USD | 0.28 | ||
| 31.01.2018 | 05.02.2018 | USD | 0.09 | ||
| 31.07.2018 | 03.08.2018 | USD | 0.25 | ||
| 31.01.2019 | 05.02.2019 | USD | 0.28 | ||
| 31.07.2019 | 06.08.2019 | USD | 0.28 | ||
| 03.02.2020 | 06.02.2020 | USD | 0.26 | ||
| 03.08.2020 | 06.08.2020 | USD | 0.24 | ||
| 01.02.2021 | 04.02.2021 | USD | 0.20 | ||
| 02.08.2021 | 05.08.2021 | USD | 0.18 | ||
| 01.02.2022 | 04.02.2022 | USD | 0.17 | ||
| 01.08.2022 | 04.08.2022 | USD | 0.20 | ||
| 01.02.2023 | 06.02.2023 | USD | 0.27 | ||
| 31.07.2023 | 04.08.2023 | USD | 0.32 | ||
| 01.02.2024 | 07.02.2024 | USD | 0.35 |
Authorisations
Literature
Brochures
|
Document type
|
Document Language
|
| Fact Sheet |
Agreement / Prospectus
|
Document type
|
Document Language
|
| ESG Disclosure |
|
| Key Investor Information (KIID) |
|
| Past performance |
|
| Previous performance scenario |
|
| Prospectus |
|
| SFDR Pre-Contractual Annex |
|
35VAGReport
|
Document type
|
Document Language
|
| Solvency II Reporting Q4 2023 |
|
| Solvency II Reporting Q3 2023 |
|
| Solvency II Reporting Q2 2023 |
|
| Solvency II Reporting Q1 2023 |
|
Annual and semi-annual report
|
Document type
|
Document Language
|
| Annual report |
|
| SFDR Periodic Report Annex |
|
| Semi-annual report |
|
Trading information
| Exchange | Currency | iNAV | Bid | Ask | Total volume | Total turnover | |
 |
London Stock Exchange Domestic/UK Market 1st Currency | USD | - | 14.7850 | 14.9550 | - | - |
| |
London Stock Exchange Domestic/UK Market 2nd Currency | GBP | - | 11.6700 | 11.7850 | 5,166.0000 | 60,689.4300 |
| |
SIX Swiss Exchange EUR | EUR | - | - | - | - | - |
| |
SIX Swiss Exchange GBP | GBP | - | - | - | - | - |
| |
SIX Swiss Exchange USD | USD | - | 14.8520 | 14.8950 | 194.0000 | 2,884.4500 |
Terms
For marketing and information purposes by 蜜豆视频. 蜜豆视频 funds under Luxembourg law. Arrangements for marketing fund units mentioned in this document may be terminated at the initiative of the management company of the fund(s). This communication is approved and communicated by 蜜豆视频 Asset Management (UK) Ltd, authorized & regulated by the Financial Conduct Authority and does not constitute investment advice. Prospectuses, key investor information documents (KIID), the articles of association or the management regulations as well as annual and semi-annual reports of 蜜豆视频 funds are available free of charge from 蜜豆视频 Asset Management (UK) Ltd, 5 Broadgate, London, EC2M 2QS. The fund documentation is available free of charge in English and, where relevant, in one of the local language(s) where the fund is registered and online at www.ubs.com/etf. The product described herein aligns to Article 8 Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector. Information on sustainability-related aspects pursuant to that regulation can be found on www.ubs.com/funds. The benchmark is the intellectual property of the respective index provider. The fund or the share class is neither sponsored nor endorsed by the index provider. The fund prospectus or supplemental prospectus contains the full disclaimer. Before investing in a product please read the latest prospectus and key information document carefully and thoroughly. Any decision to invest should take into account all the characteristics or objectives of the fund as described in its prospectus, or similar legal documentation. Investors are acquiring units or shares in a fund, and not in a given underlying asset such as building or shares of a company. The information and opinions contained in this document have been compiled or arrived at based upon information obtained from sources believed to be reliable and in good faith, but is not guaranteed as being accurate, nor is it a complete statement or summary of the securities, markets or developments referred to in the document. Members of the 蜜豆视频 Group may have a position in and may make a purchase and / or sale of any of the securities or other financial instruments mentioned in this document. Units of 蜜豆视频 funds mentioned herein may not be eligible for sale in all jurisdictions or to certain categories of investors and may not be offered, sold or delivered in the United States. The information mentioned herein is not intended to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not a reliable indicator of future results. The calculated performance takes all costs on the fund level into consideration (ongoing costs). The entry and exit costs, which would have a negative impact on the performance, are not taken into consideration. If whole or part of the total costs to be paid is different from your reference currency, the costs may increase or decrease as a result of currency and exchange rate fluctuations. Commissions and costs have a negative impact on the investment and on the expected returns. If the currency of a financial product or financial service is different from your reference currency, the return can increase or decrease as a result of currency and exchange rate fluctuations. This information pays no regard to the specific or future investment objectives, financial or tax situation or particular needs of any specific recipient. Future performance is subject to taxation which depends on the personal situation of each investor and which may change in the future. The details and opinions contained in this document are provided by 蜜豆视频 without any guarantee or warranty and are for the recipient's personal use and information purposes only. This document may not be reproduced, redistributed or republished for any purpose without the written permission of 蜜豆视频 Asset Management Switzerland AG or a local affiliated company. Source for all data and charts (if not indicated otherwise): 蜜豆视频 Asset Management. A summary of investor rights in English can be found online at www.ubs.com/funds. More explanations of financial terms can be found at www.ubs.com/am-glossary.
© 蜜豆视频 2024. The key symbol and 蜜豆视频 are among the registered and unregistered trademarks of 蜜豆视频. All rights reserved.
© 蜜豆视频 2024. The key symbol and 蜜豆视频 are among the registered and unregistered trademarks of 蜜豆视频. All rights reserved.
