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UBAM - Corporate US Dollar Bond AC USD

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Capture the opportunities of the US credit market using a proactive macro-driven approach
UBAM - Corporate US Dollar Bond provides investors with access to the US investment-grade credit market. The portfolio’s credit exposure is managed proactively by an investment team with considerable credit expertise.


Key points

  • Proactive management of credit exposure via disciplined implementation of our top-down views
  • USD investment-grade credit fund that can opportunistically diversify into high yield as a source of extra return
  • Risk management at all steps of the investment process: real-time monitoring of the portfolio’s P&L
  • Nine investment professionals with considerable credit expertise and more than ten years’ average experience overseeing credit assets

Investment case

US investment-grade corporate bonds form a significant part of balanced investment portfolios’ asset allocations.
As well as providing attractive returns (they have averaged 5.9% per year). The asset class has also demonstrated contained volatility of 4.6% annualised.
USD-denominated investment-grade credit offers a appealing and diversified income exposure.

Sources: UBP, Bloomberg, BofA Merrill Lynch indices since 31.12.1996, as of 31.12.2014

Fund concept

UBAM - Corporate US Dollar Bond is a USD investment-grade credit fund with a moderate average maturity.
The fund’s interest-rate risk is around 40% lower than that of the broad US corporate credit market. This is one of the fund’s defining features, and could make it of particular interest to investors in this low-yield environment.
The fund consists of a core portfolio that invests primarily in US dollar-denominated credit issued by a diverse range of financial and non-financial companies. Managing the portfolio’s credit exposure relative to the market (its beta) is based on a top-down approach, while companies are selected using a bottom-up, fundamental process.

Performance

UBAM - Corporate US Dollar Bond AC USD
NAV - Net Asset Value
Date
Data source : UBP SA
Data as at 22/08/2019 MTD YTD 2018 2017 2016 2015 2014
UBAM - Corporate US Dollar Bond AC USD 1.28% 8.34% -1.28% 3.43% 3.35% 0.34% 3.69%
Disclaimer

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 French German English Italian
KIID 19.02.2019 PDF
Prospectus 01.07.2019 PDF
Semi-annual report 30.06.2019 PDF
Shareholders letter 27.06.2019 PDF PDF PDF PDF
MARKETING DOCUMENTATION
Title Updated French German English Italian
Factsheets 31.07.2019 PDF PDF PDF PDF
Monthly Report 30.06.2019 PDF
Product card 31.12.2019 PDF PDF PDF PDF
Quarterly comment 30.06.2019 PDF

Registration

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

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
German transparency Yes
Austrian transparency Yes
Italian reporting Yes
Switzerland RNI Yes
  • ISIN code
  • LU0146923718
  • Data as at
  • 22/08/2019
  • Latest NAV
  • 205.27 USD
  • Fund's AUM
  • 625.59M USD

Fund data

  • Fund name UBAM
  • Legal structure SICAV
  • Jurisdiction Luxembourg

Sub-fund data

  • Base currency USD
  • Asset class Fixed Income
  • Geographical bias US
  • Inception date 03/05/2002

Share class data

  • Description AC USD
  • Launch date 03/05/2002
  • Dividend type Capitalisation
  • Minimun initial investment None
  • Subscription Daily
  • Redemption Daily
  • Management fee 0.50%
  • Performance fee No
  • Performance fee rate N/A
  • Last dividend N/A

Identifiers

  • Bloomberg UBCORBD LX
  • Telekurs 1415100
  • Reuters 60070843
  • WKN 250811
  • SEDOL B06H2R5
  • Morningstar N/A
  • Financial Express UF15

Manager(s)

    Christel Rendu de Lint / Philippe Graub