UBS (Lux) Bond SICAV - USD Investment Grade Corporates Sustainable (USD) P-acc
ISIN LU2816772920 / Valor 13542938
UBS (Lux) Bond SICAV - USD Investment Grade Corporates Sustainable (USD) P-acc
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General Objective
The fund aims to invest primarily in USD-denominated corporate bonds with AAA/BBB- rating, exploiting investment opportunities available from ratings, sector allocation, and issuer selection while maintaining a well-balanced diversification of individual holdings.
Fund Exposure
The fund is exposed to corporate bonds, with the top sector exposure being in corporates at 83.67%, and the top 10 largest positions include companies such as Bank of America Corp, JPMorgan Chase & Co, and Morgan Stanley. The credit quality of the portfolio ranges from AA+ to BBB, with a structure of maturities varying from under 1 year to over 20 years.
Risks
While the credit quality of the portfolio is investment grade, corporate bonds carry a higher default risk compared to government 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, introducing additional risks such as counterparty risk.
Source
https://www.ubs.com/lu/en/assetmanagement/funds/asset-class/lu1469614280-ubs-usd-investment-grade-corporates-sustainable-bond-fund-u-x-acc-pd001.html
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