UBS (Lux) Bond SICAV - 2023 (USD) P-dist

Objectives and investment policy This actively managed bond fund targets an attractive yield over the term of the fund, which ends on 21 November 2023. The investment fund invests mainly in USD-denominated bonds of private, semi-private and public issuers in emerging markets. Apart from money market instruments, the maturities of the securities do not extend beyond the maturity of the fund. This Fund might not be suitable for investors who want to withdraw their money before 2023. The fund invests worldwide, mainly in USD-denominated bonds of private, semi-private and public issuers in emerging markets, without reference to a benchmark. In principle, investors may ask the Management Company to redeem their units on any business day in Luxembourg. This share class pays a dividend. Dividends can comprise income and capital and may be paid exclusive of fees. The portfolio manager gears the investments in the individual subfunds around the attractiveness of specific bond markets at the time of launch. The portfolio manager compiles the portfolio upon launch and pursues a buy and hold strategy. The portfolio manager can diverge from this either to make reinvestments or, at times of high market volatility, to avoid defaults. The sub-fund may enter into securities lending transactions.