UBAM Global High Yield Solution AHC EUR (acc)1
178,71 EUR
NAV 17/04/2024
0,26 EUR (0,15%)
Evolution compared to the last NAV
Minimum buy value
no minimum for KEYPLAN
Minimum sell value
no minimum for KEYPLAN
Cap/Dist
Capitalisation
Regional split
Not available
Sectorial split
Not available
Major holdings 30/06/2023
| TREASURY NOTE 15.04.2024 | 5,70% |
| TREASURY NOTE 15.10.2024 | 5,60% |
| TREASURY NOTE 31.10.2025 | 5,10% |
| TREASURY NOTE 31.05.2025 | 5,10% |
| TREASURY NOTE 15.08.2024 | 5,10% |
| TREASURY NOTE 11.2025 | 5,00% |
| TREASURY NOTE 28.02.2025 | 5,00% |
| TREASURY NOTE 16.2024 | 5,00% |
| TREASURY NOTE 30.04.2025 | 4,90% |
| TREASURY NOTE 15.07.2024 | 4,60% |
Factsheet
| Isin | LU0569862609 |
| Name | UBAM Global High Yield Solution AHC EUR (acc) |
| Total Assets | 2999 million USD |
| Fund type | Bond fund |
| Ongoing charges | 0,84% |
| Distribution fee | 0,2% on the amount of the position |
| Fund manager | UBP Asset Management (Europe) S.A |
| Fund manager since | 03/12/2010 |
| Legal type and nationality | Investment company according to Luxembourg law |
| Financial Service | CACEIS BANK, LUXEMBOURG BRANCH |
| Frequency Listing | daily |
| Investment Horizon | Undetermined |
| Investment Category | |
| European Passport | Yes |
| Quote Currency | EUR |
| Publication NV | www.beama.be |
| Duration | undetermined |
Registration and reception of the requests of issue/redemption/change of sub-fund
Each subscription/redemption request of shares/units of the fund can be introduced and registered through our Transaction Site. On each working day, Keytrade Bank centralizes all these requests placed from 11h30 (Belgian time) of the previous day (D-1) or the previous working day until 11h30 of D-day and sends them immediately to its correspondent who on his turn sends them for execution at 13h. The order introduced and registered before 11h30 via our Transaction Site will be executed at the Net Asset Value (NAV) of the same day (D), of the following day (D+1), the next following day (D+2) or weekly (until D+7), depending on the conditions for the subscription and the redemption of shares/ units (especially the cut-off time) mentioned in the prospectus.
If the order is placed and registered after 11h30, the order will be sent for execution the following working day.
Requests for changes of sub-fund are not possible at Keytrade Bank.
SRRI risk indicator 2
- 1
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2 The synthetic risk indicator gives an indication of the risk associated with investing in a fund. The scale goes from 1 (weakest risk, associated with a lower potential return) to 7 (highest risk, associated with a higher potential return). The lowest category does not indicate that the investment is risk free. The indicator is based on historical data and may possibly not be a reliable indication of the future risk profile of the fund. The type of risk is not a guarantee and may change over time. (you can find more information here)
Tariff structure
| Stock exchange tax at redemption | 1,32%, max 4000€ |
| Withholding tax | not applicable |
| Capital Gains Tax | 30% * |
| Entry fees | 0 EUR |
| Exit fees | 0 EUR ** |
It is possible this fund applies Swing Pricing. For more information, please read the prospectus.
For other, non-current costs that might be paid by the investor, we refer to the prospectus
The taxes that are mentioned apply to an average non-professional client-natural person, Belgian resident.
* 30% withholding tax on the realised gains on the fixed income part of the fund if the fund contains more than 10% of fixed income products
** If you transfer a fund/the funds of your Keyplan to your trading account before the end of the fifth year, you will have to pay fees of € 9.95 (per transferred fund).
Investment policy
OBJECTIVES The Fund seeks to grow capital and generate income by investing primarily in sovereign and quasi-sovereign debt securities denominated in USD. The Fund is actively managed and at any time, it can invest a majority of its net assets in bonds and other debt securities. The Fund will have a nominal net exposure of between 80% and 120% to High yield products via the use of CDS (Credit Default Swap) within the framework of effective portfolio management. A minimum of 50% of the sovereign bond investments will be in issuers deemed to maintain environmental (E) and social (S) characteristics with a minimum Environmental, Social and Governance (ESG) rating of BBB for developed market issuers and BB for emerging market issuers as measured by MSCI ESG research or equivalent data providers or if such rating is not available an equivalent internal rating assigned by the Investment Manager. The derivative exposure implemented by the Fund to gain exposure to the High Yield market falls out of the scope of the ESG strategy. ESG investment strategy is based on three pillars applying to sovereign bonds: (i) Sector exclusion according to the UBP Responsible Investment policy; (ii) ESG integration to select issuers through an internal quantitative scoring system and a qualitative ESG check; (iii) a preference for Green bonds. The Fund is not managed in reference to a benchmark. High yield bonds are issued by entities whose activity is more sensitive to the economic cycle and pay higher interest. The return on such securities, in the same way as their level of risk, is therefore higher than traditional bond products. Exposure to high yield bonds is implemented via cleared and diversified high yield CDS indices. CDS indices offer a liquid exposure to high yield and bear minimal interest rate risk. The Fund?s base currency is USD. The recommended holding period is determined to allow sufficient time for this product to reach its objectives and provide a consistent return less dependent on market fluctuations. Nevertheless, such return is not guaranteed. The return of the product is determined using the Net Asset Value (NAV) calculated by the Administrative Agent. This return depends mainly on the market value fluctuations of the underlying investments. The share currency risk in relation to the Fund?s base currency is mainly hedged. Any income received by the Fund is reinvested (capitalisation share).
The investment policy of the fund is extracted from the KIID
Documents
If you have a complaint, please contact our Quality Care Service: qualitycare@keytradebank.com
If the complaint is not handled to your full satisfaction, you may submit it to the Mediation Service Banks Credit Investments: www.ombudsfin.be - ombudsman@ombudsfin.be
1 Fund means «Undertaking for collective Investment». Undertaking for collective Investment is a general term used for different undertakings collecting money from the public and whose activity consists in managing an investment portfolio. The fund notion contains as well collective investment schemes in the form of an investment company (such as the Sicav or Sicafi) as the contractual funds (such as the Mutual Fund) and their sub-funds.
3 When you would like to have more information on the diamond rating of VWD, please click here.