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UBAM - EM Responsible High Alpha Bond AD USD

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Performance

UBAM - EM Responsible High Alpha Bond AD USD
VNI - Valeur Nette d'Inventaire
Date
Source des données : UBP SA
Performance historique MTD YTD 1 an 3 ans 5 ans ITD
Performance historique -2.62% 0.15% 7.32% -2.91% -0.30% 1.32%
12 mois glissants 04.23 - 04.24        
12 mois glissants 7.32%

Disclaimer
Les performances passées ne constituent pas une garantie des performances futures. Les performances présentées intègrent les dividendes bruts réinvestis et les frais courants, mais n’incluent pas les frais de souscriptions/rachats et taxes à charge de l’investisseur. Pour les clients privés, les données de performance des fonds dont l'historique est inférieur à 12 mois, ne sont pas publiés. Pour les clients professionnels, les données de performance inférieures à une année sont publiées cumulées, alors que celles supérieures à une année sont publiées annualisées (actuarielles). Pour les compartiments libellés dans une devise autre que celle du fond, le rendement peut se voir réduit ou augmenté en fonction des fluctuations des taux de change. D’une manière générale, la valeur des investissements peut augmenter ou diminuer et les investisseurs peuvent ne pas récupérer tout ou partie du montant investi. Source des données: UBP SA

Library

DOCUMENTATION LÉGALE
Titre Actualisé Anglais Allemand Français Italien
Rapport annuel 31.12.2022 PDF
KID PRIIPS 26.02.2024 PDF
Prospectus 26.02.2024 PDF
Rapport semi-annuel 30.06.2023 PDF
Lettre aux actionnaires 26.01.2024 PDF PDF PDF PDF
Statuts 06.04.2023 PDF
DOCUMENTATION MARKETING
Titre Actualisé Anglais Allemand Français Italien
Fiche mensuelle institutionnelle 31.03.2024 PDF
Fiche produit 31.12.2021 PDF PDF PDF PDF
Commentaire trimestriel 31.12.2023 PDF

Registration

ATAutriche
BEBelgique
CHSuisse
DEAllemagne
DKDanemark
ESEspagne
FIFinlande
FRFrance
GBRoyaume-Uni
IEIrlande
ILIsraël
ISIslande
ITItalie
KRCorée du Sud
LULuxembourg
NLPays-Bas
NONorvège
PTPortugal
SESuède
SGSingapour
TWTaiwan
ZAAfrique du Sud
ATAutriche
BEBelgique
CHSuisse
DEAllemagne
DKDanemark
ESEspagne
FIFinlande
FRFrance
GBRoyaume-Uni
IEIrlande
ILIsraël
ISIslande
ITItalie
KRCorée du Sud
LULuxembourg
NLPays-Bas
NONorvège
PTPortugal
SESuède
SGSingapour
TWTaiwan
ZAAfrique du Sud

Italie: Les classes I sont uniquement notifiées à la CONSOB (autorité de régulation des marchés financiers).

Singapour:  Les compartiments enregistrés auprès de la Monetary Authority of Singapore (MAS) (autorité monétaire de Singapour) peuvent être proposés uniquement aux «accredited investors».


Fiscal information

Titre Statut
Fin de l'année fiscale 31 December
UKRFS Yes Reportable Income
Transparence - Allemagne Yes Investor Report
Transparence - Autriche No
Reporting Italie Yes
RNI Suisse Yes

Sustainability-related disclosure

This Sub-Fund aims to deliver performance by investing in bonds issued primarily by emerging market (EM) sovereign and corporate issuers denominated in hard and local currencies in a manner consistent with the principles of environmental, social and governance (“ESG”) focused investing.

It promotes environmental (E) and social (S) characteristics but does not have as its objective sustainable investment. However, it will have a minimum proportion of 5% of sustainable investments.

These Sustainable Investments contribute to a range of environmental and/or social objectives which may include but are not limited to, alternative and renewable energy, energy efficiency, pollution prevention or mitigation, reuse, and recycling and/or social objectives such as, but not limited to, health, nutrition, sanitation and education.

To ensure that the Sustainable Investments that this Sub-Fund intends to make do not cause significant harm, the Investment Manager assesses whether these companies do no harm through an internally designed methodology which covers principal adverse impact, controversies, misalignment with SDGs and ESG/governance quality.

This Sub-Fund aims to have better environmental and social characteristics than the Emerging Market (EM) bond universe. For that purpose, the Investment Manager uses the JP Morgan JESG scores which assess the ESG quality of each issuer based on a number of E and S quantitative indicators.

The sustainability indicators used to measure the attainment of the environmental or social characteristics promoted by this Sub-Fund include:

  1. The Sub-Fund’s holdings in Sustainable Investments.
  2. The Sub-Fund’s holdings in use-of-proceeds bonds, including, but not limited to “green bonds”, “sustainable bonds” and “social bonds” as well as “sustainability- linked bonds”
  3. The Sub-Fund’s holdings in investments that are deemed to have associated positive externalities and avoidance of negative externalities.
  4. The Sub-Fund’s consideration of some principal adverse impacts (PAIs) on sustainability factors.
  5. The Sub-Fund’s exclusion of holdings in issuers identified by the exclusion criteria set out in the UBP exclusion criteria as well as of issuers with a JESG score below 20.

The investment strategy relies on credit and macroeconomic assessments as well as environmental, social and governance (ESG) analysis.

The investment process includes ESG analysis which combines internal and external research conducted by a variety of ESG data providers including, but not limited to, JP Morgan, MSCI ESG Research, Sustainalytics as well as recognized organizations like the World Bank. In particular, the Investment Manager has developed a proprietary ESG sovereign scoring integration strategy, which aims to identify how non-economic factors impact asset performance, focusing on a country's ESG credentials and its ability to handle sustainability risks and opportunities.

Negative screening leads to the exclusion of issuers with the worst ESG performance.

The Investment Manager takes into consideration and seeks to minimize the following potential principal adverse impacts of its investments: 1) GHG Intensity of Investee Companies, 2) Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises, 3) Exposure to Controversial Weapons and 4) Investee countries subject to social violations.

This Sub-Fund invests at least 51% of its net asset value in fixed income transferable securities issued by governments or government agencies of emerging markets denominated in both emerging market and non-emerging market currencies and included within the J.P. ESG Morgan EMBIG Diversified 50%+ J.P. Morgan ESG GBI-EM GD – USD unhedged 50%.

At least 51% of net assets of this Sub-Fund are aligned with the environmental and social characteristics promoted by the strategy, including at least 5% invested in a mix of environmentally and/or socially sustainable investments, depending on investment opportunities.

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 JP Morgan, 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, on an ad-hoc basis, directly by the Investment Manager, as part of its overall ESG assessment.

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.

  • Code ISIN
  • LU0943508324
  • Données au
  • 19.04.2024
  • Dernière VNI
  • 81.32 USD
  • Avoirs sous gestion du fonds
  • 84.40M USD

Données sur le fonds

  • Nom du fonds UBAM
  • Forme juridique SICAV
  • Juridiction Luxembourg

Données sur le compartiment

  • Devise de référence USD
  • Classe d'actifs Obligations
  • Orientation géographique Marchés émergents
  • Date de lancement 19.08.2013
  • Classification SFDR 8

Données sur la classe d'actifs

  • Description AD USD
  • Date de lancement 19.08.2013
  • Type de dividende Distribution (yearly)
  • Investissement initial minimum None
  • Souscription Daily
  • Rachat Daily
  • Commission de gestion 1.50%
  • Commission de performance No
  • Taux de commission de performance N/A
  • Dernier dividende 2.45 USD 21.04.2023

Identifiants

  • Bloomberg UBESDAI LX
  • Telekurs 21622306
  • Reuters N/A
  • WKN A112Z0
  • SEDOL N/A
  • Morningstar N/A
  • Financial Express FBFJ

Gestionnaire(s)

    Sergio Trigo Paz