Funds and prices
Share class
Morningstar Rating
Bloomberg Ticker
UBCCHQA LX
NAV
129.96
03.04.2024
YTD
0.67%
as of 03.04.2024
3M
1.52%
as of 03.04.2024
1Y
5.58%
as of 03.04.2024
Share Class name
蜜豆视频 (Lux) Bond SICAV - Convert Global (EUR) (CHF hedged) Q-acc
Overview
The actively managed fund invests worldwide in convertible bonds.
Convertible bonds combine the upside potential of equities and the defensive characteristics of bonds.
The investment objective is to take full advantage of the beneficial risk-return characteristics of the global convertible bond markets.
Foreign currencies are largely hedged versus the reference currency.
The portfolio manager is not tied to the benchmark in terms of investment selection or weight.
The exchange rate risk between EUR and CHF is largely hedged.
Benefits
Investors participate in some of the price gains when equity markets are rising, and benefit from the defensive characteristics of a bond investment in falling markets.
The portfolio's return potential is considerably increased using carefully selected convertible bonds, without incurring significant additional risk.
Risks
The fund invests mainly in convertible bonds. Changes in equity prices, interest rates, credit quality and other factors can subject the fund to high fluctuations in value, which are for the most part less pronounced than with equities but significantly higher than with traditional corporate bonds. The fund may use derivatives which can reduce investment risk or give rise to additional risks (inter alia the counterparty risk). The fund can invest in less liquid assets that may be difficult to sell in the case of distressed markets. The value of a unit may fall below the purchase price. This requires an elevated risk tolerance and capacity. Every fund reveals specific risks, a description of these risks can be found in the prospectus.
Features
| Product category |
蜜豆视频 Bond Funds
蜜豆视频 Convertible Funds |
| Product domicile |
Luxembourg
|
| Portfolio management |
蜜豆视频 Asset Management Switzerland AG, Zurich
|
| Fund management |
蜜豆视频 Fund Management (Luxembourg) S.A., Luxembourg
|
| Custodian bank |
蜜豆视频 Europe SE, Luxembourg Branch
|
| Representative for products established under foreign law |
蜜豆视频 Asset Management (UK) Limited
|
| Regulation |
UCITS
|
| Legal form |
Unlimited
|
| Day of inception |
10 August 2015
|
| Currency of account |
CHF
|
| Close of financial year |
31 May
|
| Issue / redemption |
daily
|
| Distribution |
Reinvestment
|
| Maturity |
Open end
|
| Management fee |
0.76% p.a.
|
| Total expense ratio (TER) |
1.01% p.a.
|
| Swing pricing |
yes
|
| Minimum investment |
n.a.
|
| Reference Index / Benchmark |
Refinitiv Global Convertible Index - Global Vanilla Hedged CHF
|
| ISIN |
LU1240771763
|
| Bloomberg Ticker |
UBCCHQA LX
|
Performance and Prices
Percentage growth
as of 03 April 2024
Cumulative
| CHF(%) | EUR(%) | |
| YTD | ||
| 1M | ||
| 3M | 1.52 | -3.72 |
| 6M | 4.79 | 3.15 |
| 1Y | 5.58 | 7.03 |
| 2Y | -4.42 | -0.35 |
| 3Y | -12.88 | -1.42 |
| 5Y | ||
| ø p.a.5Y | 2.90 | 5.67 |
Discrete Annual
| CHF(%) | EUR(%) | |
| Q1 2023 to Q1 2024 | 5.57 | 7.72 |
| Q1 2022 to Q1 2023 | -8.21 | -5.30 |
| Q1 2021 to Q1 2022 | -8.00 | -0.62 |
| Q1 2020 to Q1 2021 | 46.81 | 40.90 |
| Q1 2019 to Q1 2020 | -10.03 | -5.23 |
Current data
| Net asset value | 03.04.2024 | CHF 129.96 |
| High - last 12 months | 28.03.2024 | CHF 131.31 |
| Low - last 12 months | 31.10.2023 | CHF 120.71 |
| Assets of the unit class in mn | 03.04.2024 | CHF 98.71 |
| Total product assets in mn | 03.04.2024 | CHF 3,690.56 |
| Ø premium to investment value | 28.03.2024 | 24.76% |
Structures
By the 10 largest positions (in %, as of 29 February 2024)
|
|
|
| Wayfair 1% 2026 | 1.55 |
| Palo Alto Networks 0.375% 2025 | 1.54 |
| ADNOC Distribution 0.7% 2024 | 1.54 |
| Alnylam Pharmaceuticals 1% 2027 | 1.47 |
| Akamai Technologies 0.375% 2027 | 1.46 |
| Western Digital 3% 2028 | 1.31 |
| Global Payments 1.5% 2031 | 1.25 |
| Wolfspeed 1.875% 2029 | 1.22 |
| Danone(BNP)0% 2024 | 1.21 |
| ON Semiconductor 0% 2027 | 1.20 |
Fees
Flat fee
0.95%
Management fee p.a.
0.76%
Max. issuing commission
4.00%
Max. redemption commission
0.00%
Distribution fee
(see info)
Distributions
No distributions. Continuous reinvestment of income.
Authorisations
Literature
Agreement / Prospectus
|
Document type
|
Document Language
|
| Prospectus |
|
| Country supplement |
|
| Key Investor Information (KIID) |
|
| Past performance |
|
| Previous performance scenario |
|
| ESG Disclosure |
|
| SFDR Pre-Contractual Annex |
|
Annual and semi-annual report (accounting on 31 May)
|
Document type
|
Document Language
|
| Annual report |
|
| Semi-annual report |
|
