UBS (Lux) Bond Fund - CHF Flexible I-A1-acc
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General Objective
The fund aims to predominantly invest in CHF-denominated bonds from foreign issuers with high creditworthiness, classified as investment grade, while also opportunistically investing in non-denominated CHF bonds, emerging market, and high yield bonds. The portfolio maintains an average credit quality of investment grade.
Fund Exposure
The fund is exposed to a diversified CHF bond portfolio, with sector exposure including corporates (financial, industrial, utility), government-related bonds, collateralized securities, and treasuries. The fund also deviates from the index in terms of credit quality, with a mix of AAA, AA, A, BBB, and BB and lower rated bonds.
Risks
The fund may engage in high-risk strategies in bond and currency markets, holding both long and short positions and using derivatives, which may introduce additional risks such as counterparty risk. Corporate bonds, high yield, and emerging market bonds carry higher default risks compared to government bonds. Changes in interest rates, credit spreads, and currencies can impact the fund's value, while investing in emerging markets may expose the fund to specific risks like lower liquidity and market transparency. Portfolio flexibility may increase the risk of negative performance due to management decisions.