Get unconventional for income

UBS Global Income Bond Fund

Please read the important information of the fund before proceeding

UBS (HK) Fund Series – Global Income Bond (USD)

1. The Fund, UBS (HK) Fund Series – Global Income Bond (USD) ("UBS Global Income Bond Fund”), invests primarily in global (including emerging markets) debt securities, including but not limited to government and non-government bonds (including bonds issued by local authorities, supra-nationals, agencies and corporate entities); fixed rate, variable rate (including floating rate), inflation-linked, convertible, secured, and unsecured, debt securities.

2. The Fund’s investments may be subject to risks associated with debt securities (such as credit/counterparty risk, interest rate risk, downgrading risk, valuation risk, credit rating risk, volatility and liquidity risk, sovereign debt risk, and risk associated with debt securities rated below investment grade and/or unrated), currency and exchange rate, currency hedging and emerging markets.

3. The Fund invests in emerging markets which may involve increased risks and special considerations not typically associated with investment in more developed markets, such as liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility.

4. The Fund may invest in debt instruments with loss-absorption features. Such instruments are subject to greater risks when compared to traditional debt instruments as such instruments are typically subject to the risk of being written down or converted to ordinary shares upon the occurrence of pre-defined trigger event(s) which are likely to be outside of the issuer’s control. Such trigger events are complex and difficult to predict and may result in a significant or total reduction in the value of such instruments.

5. The Fund may use financial derivative instruments for investment and hedging purposes. The Fund’s net derivative exposure may be up to 50% of the Fund’s net asset value. The use of financial derivative instruments may involve additional risks such as counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk.

6. In respect of unit classes with "-mdist" in their name, dividends may be paid from capital or effectively out of capital (i.e. pay distributions out of gross income while charging/ paying all or part of the Fund’s fees and expenses to/out of the capital of the Fund, resulting in an increase in distributable income for the payment of distributions) of the Fund, at the discretion of the manager, which amount to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any such dividends may result in an immediate decrease of the net asset value per unit.

7. The fixed rate distribution unit classes (i.e. unit classes with "5%-mdist" in their name) continue to distribute in periods that the Fund has negative return or is making losses, which further reduces the net asset value of the Fund.

8. This investment may involve risks that could result in loss of part or entire amount of investors’ investment.

9. Investors should not invest in the Fund solely based on this document and should read the relevant offering documents for further details including risk factors.

10. Investors are responsible for their investment decisions and should seek independent financial and professional advice if required.

....very different from the traditional fixed income portfolio

UBS Global Income Bond Fund

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The UBS Global Income Bond Fund is a diversified, investment-grade Fund that looks far to generate resilient income. It is unconstrained by a benchmark and actively allocates to where income opportunities lie.

5.51%

Indicative
portfolio yield¹

5.86

Duration
(years)

BBB

Average rating
of holdings

¹Yield is not guaranteed
Source: UBS Asset Management, data as of 31 August 2024.

Available share classes

Share class	Share class	ISIN	ISIN	Distribution yield	Distribution yield
Share class	Class A USD-acc	ISIN	HK0000678158	Distribution yield	Distribution reinvested
Share class	Class A USD-mdist^3,4	ISIN	HK0000678166	Distribution yield	7.0%
Share class	Class A USD-5%-mdist^3,4	ISIN	HK0000678174	Distribution yield	4.9%
Share class	Class A HKD-mdist^3,4	ISIN	HK0000678182	Distribution yield	7.0%
Share class	Class A HKD-5%-mdist^3,4	ISIN	HK0000678190	Distribution yield	5.1%
Share class	Class A RMB hedged-mdist^3,4	ISIN	HK0000678208	Distribution yield	6.2%
Share class	Class A AUD hedged-mdist^3,4	ISIN	HK0000678216	Distribution yield	5.7%
Share class	Class A JPY hedged-6%-mdist^3,4	ISIN	HK0001000139	Distribution yield	6.0%

Source: UBS Asset Management, August 2024.

³The share classes with “-mdist” aim to pay dividends on a monthly basis. Dividend is not guaranteed. Dividend may be paid out of capital. Share classes with “-mdist” in their name may also make distributions out of capital and realized capital gains, at the discretion of the Management Company, or pay distributions out of gross income while charging/paying all or part of the fund’s fees and expenses to/out of the capital of the relevant fund, resulting in an increase in distributable income for the payment of distributions by the fund and therefore, the fund may effectively pay distributions out of capital. Any distributions involving payment of dividends out of the fund’s capital or payment of dividends effectively out of the fund’s capital (as the case may be) may result in an immediate reduction of the next asset value per share/unit.

⁴ A positive distribution yield does not imply a positive return. Distribution yield = (Dividend per unit on last record date x 12 /Previous month-end NAV) x 100. The distribution yields shown here are for reference only. These share classes continue to distribute in periods that the Fund has negative return/is making losses which further reduces the NAV of the Fund. In extreme circumstances, investors may not be able to get back the original investment amount. Constant distributing share classes must not be seen as alternative to savings account or fixed-interest paying investment.