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UBAM - Medium Term US Corporate Bond AHC CHF

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Investment strategy

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Performance

UBAM - Medium Term US Corporate Bond AHC CHF
NAV - Net Asset Value
Date
Data source : UBP SA
Historical performance MTD YTD 1 year 3 years 5 years ITD
Historical performance 0.65% -0.04% 1.31% -3.93% -1.69% -0.34%
12 months rolling 03.23 - 03.24        
12 months rolling 1.31%

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 31.12.2022 PDF
KID PRIIPs 26.02.2024 PDF
Prospectus 30.12.2022 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
Factsheets 29.02.2024 PDF PDF
Monthly Report 29.02.2024 PDF
Product card 31.12.2023 PDF PDF PDF PDF
Quarterly comment 31.12.2023 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 No
Austrian transparency No
Italian reporting Yes
Switzerland RNI Yes

Sustainability-related disclosure

 

Summary

This Sub-Fund is denominated in USD and invests its net assets primarily in bonds denominated in this currency issued by companies ("corporate bonds") with a minimum rating of BBB- (Standard and Poor's or Fitch) or Baa3 (Moody's) and, up to 20% of its net assets in Contingent Convertible bonds with a minimum rating of B- (Standard and Poor’s or Fitch) or B3 (Moody’s) .

It promotes environmental and social characteristics but does not have as its objective sustainable investment.

This Sub-Fund promotes social characteristics by supporting the ten principles of the United Nations Global Compact through the exclusions of companies in breach of the United Nations Global Compact (UNGC).

This Sub-Fund promotes environmental characteristics by supporting transparent policies of corporate bond issuers towards a net-zero emission path.

A minimum of 50% of this Sub-Fund’s bond allocation will be invested in issuers deemed to maintain E/S characteristics as measured by MSCI ESG research, that is bearing an ESG rating equal or superior to BBB for developed markets issuers and equal or superior to BB for non-developed market issuers. In the absence of a rating from MSCI, an internal rating may be assigned by the Investment Manager.

The ESG approach starts with exclusions, in line with the Investment Manager’s Responsible Investment Policy. This is followed by ESG Integration: the issuer selection derives from the analysis of both environmental, social and governance (extra-financial) material factors and financial factors. Finally, the Investment Manager prefers Green and Sustainability Bonds, subject to availability, liquidity, and relative value analysis.

The good governance practices are assessed alongside the environmental and social characteristics in the 2nd pillar of the ESG process described above.

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 may use data reported directly by issuers or sourced from third-party data providers such as, but not limited to, MSCI ESG Research or Sustainalytics. The service and data quality provided by third-party ESG data providers are reviewed regularly.

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.

Engagement with investee companies may occur. It can be conducted collaboratively as well as directly by the Investment Manager.

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
  • LU0447826263
  • Data as at
  • 27.03.2024
  • Latest NAV
  • 155.93 CHF
  • Fund's AUM
  • 608.97M USD

Fund data

  • Fund name UBAM
  • Legal structure SICAV
  • Jurisdiction Luxembourg

Sub-fund data

  • Base currency CHF
  • Asset class Fixed Income
  • Geographical bias US
  • Inception date 03.05.2002
  • SFDR classification 8

Share class data

  • Description AHC CHF
  • Launch date 16.08.2012
  • 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 UCUSAHC LX
  • Telekurs 10479019
  • Reuters N/A
  • WKN A2P5XN
  • SEDOL N/A
  • Morningstar N/A
  • Financial Express F1YM

Manager(s)

    Philippe Gräub / Thibault Colle