UBS (Lux) Bond SICAV - USD High Yield (USD) P-mdist
ISIN LU0459103858 / Valor 10531003
UBS (Lux) Bond SICAV - USD High Yield (USD) P-mdist
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General Objective
The fund aims to generate a higher return than prime USD bonds by primarily investing in high-yield corporate bonds selected using strict criteria. The portfolio manager is not tied to the benchmark in terms of investment selection or weight, allowing for active portfolio management.
Fund Exposure
The fund exposure includes a credit quality breakdown of BB, B, NR, and BBB- and higher rated bonds, with a sector breakdown of industrials, financial services, utility, government-entities, government, cash & equivalents, and others. The top 5 largest positions in the portfolio include Charter Communications, Venture Global, TIBCO Software Inc, Community Health Systems, and Cirsa Finance International.
Risks
Risks associated with this fund include higher default risk compared to investment grade corporate and government bonds due to the focus on high yield bonds. Changes in interest rates can impact the value of the portfolio, requiring a corresponding risk tolerance and capacity. Additionally, the fund may use derivatives, which can introduce additional risks such as counterparty risk.
Source
https://www.ubs.com/de/de/assetmanagement/funds/euroinvest/product-details/lu0070848972.html
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