UBS (Lux) SXS Yield (USD) is an actively managed global fund that primarily invests in a diverse mix of high-quality bonds, complemented by equities and alternative investments like hedge funds. The fund focuses on bond investments while also taking advantage of opportunities in other asset classes. It employs an active currency strategy when beneficial, although most foreign currencies are hedged against the reference currency. Guided by UBS's investment policy, the fund maintains flexibility in its investment choices to pursue attractive yields without being tied to specific benchmarks.