Funds and prices

Overview

The actively managed fund invests primarily in securities denominated in USD and local currencies issued by Asian economies/borrowers (ex Japan).

Country selection, credit ratings and interest rate and currency risks are actively managed in order to benefit from market volatility.

When markets are rising, the fund aims to achieve relatively high returns, whereas it proactively reduces and/or hedges high-risk assets to protect against price losses in anticipation of a downswing.

The portfolio manager is not tied to the benchmark in terms of investment selection or weight.

The exchange rate risk between USD and GBP is largely hedged.

Benefits

This diversified bond portfolio can be used to participate in the opportunities on the Asian market for fixed-income securities.

The fund is actively managed in accordance with market conditions. This allows the portfolio to be dynamically adjusted throughout market cycles.

Risks

The fund offers higher return potential than a high-quality bond portfolio and therefore bears a higher risk. In addition, emerging markets are at an early stage of development which can typically involve a high level of price volatility and other specific risks such as lower market transparency, regulatory hurdles, corporate governance and political and social challenges. Corresponding risk tolerance and capacity are required. All investments are subject to market fluctuations. The fund can invest in less liquid assets that may be difficult to sell in the case of distressed markets. Every fund has specific risks, which can significantly increase under unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk).

Features

Product category
ÃÛ¶¹ÊÓÆµ Bond Funds
ÃÛ¶¹ÊÓÆµ Classic Bond Funds
Product domicile
Luxembourg
Portfolio management
ÃÛ¶¹ÊÓÆµ Asset Management (Hong Kong) Ltd., Hong Kong
Fund management
ÃÛ¶¹ÊÓÆµ Fund Management (Luxembourg) S.A., Luxembourg
Custodian bank
ÃÛ¶¹ÊÓÆµ Europe SE, Luxembourg Branch
Representative for products established under foreign law
ÃÛ¶¹ÊÓÆµ Asset Management (UK) Limited
Day of inception
17 September 2020
Currency of account
GBP
Close of financial year
31 March
Issue / redemption
daily
Maturity
Open end
Management fee
0.66% p.a.
Total expense ratio (TER)
0.91% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
JP Morgan Asia Credit Index (hedged GBP)
ISIN
LU2215770780
Bloomberg Ticker
UFCAQGI LX

Performance and Prices

Percentage growth

as of 03 April 2024
Cumulative
GBP(%) EUR(%)
YTD
1M
3M 1.49 2.19
6M 7.47 8.68
1Y 2.74 5.21
2Y -2.30 -4.08
3Y -16.39 -17.04
5Y
ø p.a.5Y
Discrete Annual
GBP(%) EUR(%)
Q1 2023 to Q1 2024 3.48 6.36
Q1 2022 to Q1 2023 -5.90 -9.50
Q1 2021 to Q1 2022 -13.74 -13.04
Q1 2020 to Q1 2021 - -
Q1 2019 to Q1 2020 - -

Current data

Net asset value 03.04.2024 GBP 80.15
High - last 12 months 06.04.2023 GBP 81.16
Low - last 12 months 20.10.2023 GBP 73.51
Last distribution 06.06.2023 GBP 2.30
Assets of the unit class in mn 03.04.2024 GBP 0.25
Total product assets in mn 03.04.2024 GBP 271.97
Theoretical yield to maturity (net) 29.02.2024 5.43%
Option Adjusted Duration 29.02.2024 4.38
Average remaining maturity 29.02.2024 6.42 years

Structures

Fees

Flat fee
0.83%
Management fee p.a.
0.66%
Max. issuing commission
3.00%
Max. redemption commission
0.00%
Distribution fee
(see info)

Distributions

From
01-Nov-2020
To
01-Nov-2021
Date of distribution
Pay date
Cps no.
Currency
Distribution
EU Savings Tax - Tax domicile other EU country
01.06.2023 06.06.2023 3 GBP 2.30 n.a.

Authorisations

Country of distribution
Representative / Information
Chile
ÃÛ¶¹ÊÓÆµ Asset Management (Americas) Inc.
Luxembourg
ÃÛ¶¹ÊÓÆµ Fund Services (Luxembourg) S.A.
Switzerland
ÃÛ¶¹ÊÓÆµ Fund Management (Switzerland) AG
United Kingdom
ÃÛ¶¹ÊÓÆµ Asset Management (UK) Limited

Literature

Brochures
Document type
Document Language
Fact Sheet
Fact Sheet - ÃÛ¶¹ÊÓÆµ Bond Funds
Fact Sheet - ÃÛ¶¹ÊÓÆµ Classic Bond Funds
Agreement / Prospectus
Document type
Document Language
Prospectus
Country supplement
Key Investor Information (KIID)
Past performance
Previous performance scenario
ESG Disclosure
Annual and semi-annual report (accounting on 31 March)
Document type
Document Language
Annual report
Semi-annual report