Details
Fees
Investment objectives
Subordinated Debt Fund has AT1 subordinated bonds (CoCo), T2 bonds, Hybrids bonds, and RT1 bonds as its major focus. The investment process starts with a top-down macro analysis and then focuses on individual issues through a bottom-up analysis. This process is implemented through various proprietary models and stress tests. Robust ESG screening will also be included with the construction of tailor-made indices tailored to the sectors the fund’s focus will be on. The investment strategy is divided into 6 sub strategies (relative value, special situation, new issue, carry trade, pair trading, buy & hold) to maximize the diversification effect and to allow a flexible approach to each individual sub-fund.
Morningstar Sustainability Rating
The Morningstar Sustainability Rating is an indicator produced by Morningstar that measures a fund portfolio’s exposure to environmental, social and governance risks. It is based on the Sustainalytics ESG risk ratings of the individual companies held, weighted by the size of each position, and is expressed on a scale of one to five globes. The rating assigned to this Sub-Fund is shown in the monthly factsheet.
The assessment is relative rather than absolute: the Sub-Fund is compared with the other funds in the same Morningstar Global Category, and five globes indicate low ESG risk relative to those funds. The indicator is calculated and assigned solely by Morningstar on the basis of the most recently reported portfolio holdings: it therefore reflects a historical position and may change over time. It is not an assessment of the quality of the Sub-Fund’s management, it does not measure the environmental or social impact of the investments and it is not an indicator of future results. The full methodology is defined and published by Morningstar on its website: morningstar.com. Morningstar® is a trademark of Morningstar, Inc.
Risk and return profile
Important information
The summary risk indicator, from 1 (lower risk) to 7 (higher risk), is taken from the Key Information Document (PRIIPs KID) for this share class and follows its methodology.
Principal risks of the Sub-Fund. In addition to the risks common to all sub-funds — issuer-specific risk, liquidity risk, counterparty risk and risks associated with the investment decisions and the operation of the Sub-Fund — an investment in this Sub-Fund is in particular exposed to: sustainability risks; risks associated with certain financial instruments (debt securities and bonds, convertible bonds, CoCos, units of UCITS and other UCIs including ETFs, financial derivative instruments traded on a regulated market and OTC, securities lending, structured products); risks associated with investments in emerging markets; and foreign exchange risk. This list is not exhaustive: the full description of the risk factors is set out in the Prospectus, section 5 (General Risk Factors), and in the Sub-Fund’s supplement.
The sub-fund is actively managed without reference to a benchmark.
Investors are acquiring units or shares in a fund, and not in a given underlying asset such as a building or shares of a company.
This Fund may not be appropriate for investors who plan to withdraw their money before the recommended holding period disclosed in the PRIIPs KID, if available for this share class.
Past performance is not a reliable indicator of future results.
Commissions and costs have a negative impact on the investment and on the expected returns. The entry and exit costs, which would have a negative impact on the performance, are not taken into consideration.
If whole or part of the total costs to be paid is different from your reference currency, the costs may increase or decrease as a result of currency and exchange rate fluctuations. The same applies to the return, if the currency of the product is different from your reference currency.
Investors should read the Key Information Document, Prospectus and any applicable local document prior to investing and to get complete information of the risks.
A summary of investor rights in English is available online at www.ubs.com/funds-regulatoryinformation.
Information on sustainability-related aspects pursuant to Regulation (EU) 2019/2088 is available in the Documents section of this website.
Any decision to invest should take into account all the characteristics or objectives of the product as described in its prospectus, or similar legal documentation.
The SICAV may decide to terminate at any time the arrangements made for the marketing of its collective investment undertakings in accordance with Article 93a of Directive 2009/65/EC.
Performance
Dati aggiornati al:
Allocation
How to invest
Italian Retail Investors
As an Italian Private Investor, in order to invest in the Valori funds, you need to contact the Authorized Distributors for distribution in Italy.
Download the PDF with the list of Authorized Distributors.
Swiss Retail Investors
In order to subscribe to the Fund you will need to contact your Banking Institution, communicating the ISIN of interest.
European Institutional Investors
As a European Institutional Investor, in order to subscribe to the Fund you can:
- Contact a Transfer Agent, by completing and faxing the subscription form provided by him/her
- Contact one of the following Intermediaries:
– All Funds Bank
Swiss Institutional Investors
As a Swiss Institutional Investor, in order to subscribe to the Fund you will need to contact your Banking Institution, communicating the ISIN of interest.
