Overview

The actively managed fund invests in Asian high yield bonds (primarily non-investment grade bonds of Asian sovereign, quasi-sovereign and corporate issuers) denominated in US dollar, and seeks to generate an attractive risk-adjusted return.

The fund allows the portfolio manager team to opportunistically invest up to 20% of the portfolio in Asian local currencies as an additional return driver.

The fund is managed by the pan-Asian fixed income team located in Singapore, whose regional specialists are integrated with the global fixed income team and thus can leverage significant resources of the wider group.

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

Benefits

Through the diversified bond portfolio investors can participate in the Asian market's opportunities for higher yielding corporate bonds and local currencies.

Active management in accordance with market conditions allows the portfolio to be dynamically adjusted throughout market cycles.

Investors can particularly benefit from UBS's expertise in markets where transparency and access to information may be limited.

Risks

Depending on the credit quality, the default risk is higher in the case of high yield bonds than with investment grade corporate and government bonds. Changes in interest and exchange rates have an effect on the value of the portfolio. This requires corresponding risk tolerance and capacity. Sustainability risks are environmental, social or governance events or conditions that can have a material negative effect on the return, depending on the relevant sector, industry and company exposure. Sustainability risk: the risk arising from any environmental, social or governance events or conditions that, were they to occur, could cause a material negative impact on the value of the investment. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. 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.

Features

Product category
UBS Bond Funds
UBS High Yield Funds
Product domicile
Luxembourg
Portfolio management
UBS SA国际传谋 (Hong Kong) Ltd., Hong Kong
Fund management
UBS SA国际传谋 (Europe) S.A., Luxembourg
Custodian bank
UBS Europe SE, Luxembourg Branch
Representative for products established under foreign law
UBS Fund Management (Switzerland) AG
Regulation
UCITS
Legal form
Unlimited
Day of inception
February 17, 2012
Currency of account
EUR
Close of financial year
May 31
SFDR Classification
Art.8
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Ongoing costs p.a.
1.53% p.a.
Management fee
1.16% p.a.
Total expense ratio (TER)
1.51% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
JP Morgan Asian Credit Non-Investment Grade Index (hedged EUR)
Cut-Off Time
13:00h(CET)
Securities no.
12980921
ISIN
LU0626907397
Bloomberg Ticker
UAHHPAC LX
Telekurs Id
n.a.

Performance and Prices

Percentage growth

as of April 23, 2026
Cumulative
EUR(%) CHF(%) USD(%)
YTD 2.69 1.28 2.39
1M
3M
6M
1Y
2Y 7.49 6.57 21.91
3Y
5Y -27.79 -40.02 -29.82
ø p.a.5Y -6.30 -9.72 -6.84

Current data

Net asset value 23.04.2026 EUR 105.85
High - last 12 months 26.02.2026 EUR 107.21
Low - last 12 months 24.04.2025 EUR 96.58
Assets of the unit class in mn 23.04.2026 EUR 12.07
Total product assets in mn 23.04.2026 EUR 652.35
Theoretical yield to maturity (net) 31.03.2026 7.83%
Option Adjusted Duration 31.03.2026 2.66
Average remaining maturity 31.03.2026 3.21 years

Structures

By the 10 largest positions (in %, as of March 31, 2026)

 
 
Ind & Comm Bk Of China 3.33
Islamic Rep Of Pakistan 2.73
Republic Of Sri Lanka 1.98
Nwd Finance (Bvi) Ltd 1.72
Standard Chartered Plc 1.66
Kasikornbank Pcl Hk 1.55
Hdfc Bank Ltd 1.36
Nwd Mtn Ltd 1.34
Periama Holdings Llc/De 1.33

Fees

Ongoing costs p.a.
1.53%
Flat fee
1.45%
Management fee p.a.
1.16%
Max. redemption commission
0.00%
Max. issuing commission
3.00%
Swiss federal stamp duty
0.15%
Distribution fee
(see info)

Distributions

No distributions. Continuous reinvestment of income.

Sales Authorisations

Market
Sales authorisations status
Australia
Institutional Only*
Austria
Registered
Bahrain
Institutional Only*
Belgium
Registered
Chile
Institutional Only*
Finland
Registered
Germany
Registered
Greece
Registered
Italy
Registered
Liechtenstein
Registered
Luxembourg
Registered
Netherlands
Registered
Singapore
Registered
Spain
Registered
Switzerland
Registered
United Kingdom
Registered

Literature

Brochures
Document type
Document Language
Fact Sheet
Manager Commentary
Swiss Climate Scores Report
ASIP ESG Report
Fact Sheet - UBS Bond Funds
Fact Sheet - UBS High Yield Funds
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
ESG Disclosure
SFDR Pre-Contractual Annex
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
SFDR Periodic Report Annex
Semi-annual report
General information
Document type
Document Language
Tax list
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