UBS (Lux) Institutional Fund - Global Convertible Bonds I-A1-acc

The fund invests in convertible bonds from around the world. Convertible bonds combines the potential of stocks to make gains with the defensive features of bonds. The portfolio manager aims to take full advantage of the favourable risk/return characteristics of the global convertible bond markets. The foreign exchange risk will be actively managed and if necessary completely hedged against EUR. The Sub-Fund is actively managed in reference to Refinitiv Global Convertible Index – Global Vanilla hedged (EUR): UCBIFX15. The benchmark is used for performance comparison and investment risk management. In principle investors may ask the Management Company to redeem their units on any normal bank business day in Luxembourg. Income of this unit class is reinvested. Although part of the Sub-Fund's assets will be components of and have similar weightings to the Benchmark, the Investment Manager may use its discretion to invest in securities or issuers not included in the Benchmark, or the portfolio manager may, among others, invest in convertible, exchangeable and warrant-linked bonds as well as convertible debentures from issuers not in the benchmark in order to take advantage of specific investment opportunities. The fund performance may considerably differ from the benchmark performance during volatile markets. The exchange rate risk of the share class currency is to a large extent hedged against the currency of the fund. The sub-fund may enter into securities lending transactions.