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UBAM - Euro Corporate IG Solution UHC USD

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Investment strategy

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Performance

UBAM - Euro Corporate IG Solution UHC USD
NAV - Net Asset Value
Date
Data source : UBP SA
Historical performance MTD YTD 1 year 3 years 5 years ITD
Historical performance 0.62% -0.24% 6.56% -0.22% 0.32%
12 months rolling 05.23 - 05.24        
12 months rolling 6.56%

Disclaimer
Past performance is not indicative of present and/or future results. The performance figures shown include gross dividends reinvested, current charges but do not include subscription/redemption fees and taxes payable by the investor. For retail, performance data for sub-funds with less than a 12 month performance record is not displayed. For professional, performance under 1 year is shown cumulated and performance over 1 year is shown annualised. For sub-funds denominated in a currency other than that of the fund, the return may be reduced or increased according to exchange rate fluctuations. The value of investments may increase or decrease and investors may not get back all or part of the amount invested. Data source: UBP SA

Library

LEGAL DOCUMENT
Title Updated English German French Italian
Annual report 31.12.2023 PDF
KID PRIIPs 19.02.2024 PDF PDF PDF PDF
Prospectus 26.02.2024 PDF
Semi-annual report 30.06.2023 PDF
Shareholders letter 26.01.2024 PDF PDF PDF PDF
Status - Articles of Association 06.04.2023 PDF
MARKETING DOCUMENTATION
Title Updated English German French Italian
Monthly Report 30.04.2024 PDF
Product card 31.12.2023 PDF PDF PDF PDF
Quarterly comment 31.03.2024 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 Yes Reportable Income
German transparency No
Austrian transparency No
Italian reporting Yes
Switzerland RNI Yes

Sustainability-related disclosure

 

Summary

This Sub-Fund, which is denominated in EUR, invests its net assets primarily in investment grade bonds, money market Instruments, term deposit, and derivatives.

Exposure to fixed income will for a substantial part be synthetic through derivatives, which are used to efficiently gain exposure to investment markets and can be up to 100% of the Sub-Fund’s exposure.

The overall portfolio will have a minimum modified duration of 2 years.

The Sub-Fund promotes environmental and social characteristics but does not have as its objective sustainable investment. However, it will have a minimum proportion of 10% of sustainable investments, through investments in Green and Sustainability Bonds issued by Sovereign/ Supranational issuers or Agencies.

The environmental and social characteristics promoted by this Sub-Fund only apply to the sovereign bond allocation of this Sub-Fund. Derivatives instruments are out of scope.

In terms of the social characteristics, this Sub-Fund promotes, via investments in sovereign bonds, the sustainability of a country’s economic performance given its efficacy meeting the basic needs of its population and reducing poverty, management of social and equity issues and investment in human capital and productivity.

In terms of the environmental characteristics, this Sub-Fund promotes, via investments in sovereign bonds, the sustainability of a country’s economic performance given its natural resource endowment, management and supplementation and its risk or resilience to climate change and other natural hazards.

The sustainability indicators used to assess social and environmental characteristics are based on internal environment and social scores built using data from external providers.

The indicator used to measure the attainment of the social characteristics will disclose the percentage of countries in this Sub-Fund that are in the bottom 10% of the considered universe on the internal social score.

The indicator used to measure the attainment of the environmental characteristics will disclose the percentage of countries in this Sub-Fund that are in the bottom 10% of the considered universe on the internal environmental score.

The ESG approach covers investments in sovereign bonds The derivative exposure in this Sub-Fund implemented to gain exposure to the high-yield market falls out of the scope of the ESG strategy.

The ESG approach starts with exclusions, in line with the Investment Manager’s Responsible Investment Policy. This is followed by ESG Integration, which aims at assessing sovereign issuers’ environmental and social performance through a proprietary model and qualitative checks. Finally, the Investment Manager prefers Green and Sustainability Bonds, subject to availability, liquidity, and relative value analysis.

ESG analysis covers at least 80% of the Sub-Fund's allocation to bonds.

This Sub-Fund invests at least 51% in bonds aligned with the environmental and social characteristics promoted by the strategy.

The binding criteria used to attain each of the environmental and/or social characteristics promoted by the Sub-Fund are integrated in control systems, to ensure pre- and post‑trade checks. Compliance is monitored by the Risk department on an ongoing basis.

The Investment Manager primarily uses the World Bank as a source of data on sovereign ESG performance.

Depending on the metric considered, some data may be estimated by data providers. Although the Investment Manager applies a thorough selection process of third-party providers, their processes and proprietary ESG methodology may be flawed. As a result, there is a risk of incorrectly assessing an issuer, resulting in an inappropriate capture of ESG risks and potential incorrect inclusion or exclusion in the product. This is expected to have limited impact on the overall environmental and/or social characteristics promoted by the product.

The investment due diligence process ensures that the investment decisions comply with the objectives and the investment strategy of the Sub-Fund. The consideration of sustainability-related risks is integrated into the investment decision-making process to ensure better-informed investment decisions as well as awareness of the risk exposure. The first level of due diligence is conducted by the Investment Manager, while the second level is conducted by the Risk department.

No reference benchmark has been designated for the purpose of attaining the environmental or social characteristics promoted by this Sub-Fund.

For more information, please see the fund’s Sustainability-related disclosures.

  • ISIN code
  • LU1808452830
  • Data as at
  • 16.05.2024
  • Latest NAV
  • 101.42 USD
  • Fund's AUM
  • 688.11M EUR

Fund data

  • Fund name UBAM
  • Legal structure SICAV
  • Jurisdiction Luxembourg

Sub-fund data

  • Base currency USD
  • Asset class Fixed Income
  • Geographical bias Europe
  • Inception date 10.07.2018
  • SFDR classification 8

Share class data

  • Description UHC USD
  • Launch date 17.12.2019
  • Dividend type Capitalisation
  • Minimun initial investment None
  • Subscription Daily
  • Redemption Daily
  • Management fee 0.15%
  • Performance fee No
  • Performance fee rate N/A
  • Last dividend N/A

Identifiers

  • Bloomberg UBGEIUU LX
  • Telekurs 41207859
  • Reuters N/A
  • WKN A2PXG3
  • SEDOL N/A
  • Morningstar -
  • Financial Express -

Manager(s)

    Philippe Gräub / Bram ten Kate