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UBAM - 30 Global Leaders Equity APC USD

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Investing in superior quality companies: beating the fade

The fund invests in an equally-weighted portfolio of 30 leading global companies. These companies must have a dominant business franchise, strong historical returns on investment, and visibility on the strength of future earnings and cash flows, as well as a sustainable business model in term of ESG practices. The fund adopts a pure bottom-up approach with a risk-control overlay, and aims to outperform the broader equity market over the economic cycle.

The fund is managed to maintain an ESG quality score superior to that of the benchmark MSCI AC World Net Return, at all times, and an ESG quality score at least equal to that of the benchmark excluding the worst 20% rated companies in the benchmark. It also promotes a lower carbon footprint paying attention to issuers’ greenhouse gas (GHG) emissions and climate strategy in order to maintain the fund’s weighted average carbon intensity well below that of its investment universe.


Key points

  • Investing in global leaders with robust and stable cash flow return on investment (CFROI®), and as-yet-untapped growth opportunities
  • High-conviction, concentrated portfolio of 30 names with low turnover
  • Access to high-quality companies with significant barriers to entry
  • Aiming for a low carbon footprint relative to its investment universe and an ESG Quality Score higher than the benchmark, along with ESG integration across the investment process
  • Experienced team of four portfolio managers and analysts
  • Strong track record in different market conditions (initially launched in 2010 as an equity basket)
  • Awarded the French Label ISR for responsible investing in Q4 2019
  • Awarded the Belgian “Towards Sustainability” label in Q1 2021

Investment case

Active investing in global leaders is based on the ability to identify companies that have the strongest brand, product and positioning, which enables them to build high and sustainable entry barriers. This, in turn, will help companies beat the conventional expectations of eroding returns as a result of rising competition.

“Global leaders” are companies able to extend their cash-flow life cycle, or “beat the fade”, i.e. maintain high and stable cash flow return on investment (CFROI®). Shares of these global leaders have historically outperformed stock markets over the medium and long term as they are able to surprise the market by maintaining a positive spread between their CFROI® and their cost of capital (CoC).

Fund concept

The fund is a concentrated portfolio of 30 large-cap global stocks. The fund seeks investments in companies that hold leading positions in their particular business fields, deliver high returns on invested capital and have exposure to growth opportunities. The fund managers invest according to a pure bottom-up approach with sector and country allocations applied as a means of risk control. We intend to invest in these companies for 3 to 5 years, hence expect portfolio turnover to continue to be relatively low. 

The team intends to invest in these companies for 3–5 years, which is why portfolio turnover is expected to continue to be relatively low.

Please find the code of transparence in french here.

 

The strategy complies with 2 major European labels: the French "Label ISR" and the Belgian "Towards Sustainability" Febelfin label, awarded and administered by the Central Labeling Agency (CLA) og Belgian SRI label.

     French Label.pngSFP_2021_B.jpg (Web)    B300-az-Int-Large-Cap.pngFebelfin.png

 

Performance

UBAM - 30 Global Leaders Equity APC USD
NAV - Net Asset Value
Date
Data source : UBP SA
Historical performance MTD YTD 1 year 3 years 5 years Since launch
Historical performance -1.75% 23.85% 27.99% 21.85%
12 months rolling 11.20 - 11.21        
12 months rolling 27.99%
Disclaimer

Performance under 1 year is shown cumulated. Performance over 1 year is shown annualised.

Past performance is not indicative of present and/or future results. Price and availability are subject to change without notice. The value of investments may go up or down and investors may not get back the amount invested. Changes in foreign exchange rates may also cause the value of investments to fluctuate.

Library

LEGAL DOCUMENT
Title Updated English German French Italian
Annual report 31.12.2020 PDF
KIID 16.07.2021 PDF
Prospectus 28.06.2021 PDF
Semi-annual report 30.06.2021 PDF
Shareholders letter 14.12.2020 PDF PDF PDF PDF
Status - Articles of Association 04.02.2020 PDF PDF
MARKETING DOCUMENTATION
Title Updated English German French Italian
Monthly Report 31.10.2021 PDF
Product card 31.12.2021 PDF PDF PDF PDF
Quarterly comment 30.09.2021 PDF PDF
OTHER
Title Updated English German French Italian
Portfolio 30.06.2021 PDF

Registration

ATAustria
BEBelgium
CHSwitzerland
DEGermany
DKDenmark
ESSpain
FIFinland
FRFrance
GBUnited Kingdom
IEIreland
ILIsrael
ISIceland
ITItaly
KRSouth Korea
LULuxembourg
NLNetherlands
NONorway
PTPortugal
SESweden
SGSingapore
TWTaiwan
ZASouth Africa
ATAustria
BEBelgium
CHSwitzerland
DEGermany
DKDenmark
ESSpain
FIFinland
FRFrance
GBUnited Kingdom
IEIreland
ILIsrael
ISIceland
ITItaly
KRSouth Korea
LULuxembourg
NLNetherlands
NONorway
PTPortugal
SESweden
SGSingapore
TWTaiwan
ZASouth Africa

Italy: I shares are only notified to the CONSOB.

Singapore: Sub-funds registered with the MAS (Monetary Authority of Singapore) can only be offered to “accredited investors”.


Fiscal information

Titre Statut
End of fiscal year 31 December
UK RFS No
German transparency Yes Investor Report
Austrian transparency No
Italian reporting Yes
Switzerland RNI Yes
  • ISIN code
  • LU0943496215
  • Data as at
  • 30.11.2021
  • Latest NAV
  • 160.21 USD
  • Fund's AUM
  • 1'930.20M USD

Fund data

  • Fund name UBAM
  • Legal structure SICAV
  • Jurisdiction Luxembourg

Sub-fund data

  • Base currency USD
  • Asset class Equity
  • Geographical bias Global
  • Inception date 12.12.2006
  • SFDR classification Article 8 - promote ESG

Share class data

  • Description APC USD
  • Launch date 11.07.2019
  • Dividend type Capitalisation
  • Minimun initial investment None
  • Subscription Daily
  • Redemption Daily
  • Management fee 1.00%
  • Performance fee Yes
  • Performance fee rate 10% - MSCI AC World Net Return
  • Last dividend N/A

Identifiers

  • Bloomberg UBGLAPU LX
  • Telekurs 21600135
  • Reuters N/A
  • WKN A2P25A
  • SEDOL N/A
  • Morningstar N/A
  • Financial Express -

Manager(s)

    Martin Moeller / Fares Benouari