Overview

The actively managed fund invests mainly in RMB-denominated fixed-income instruments that are primarily issued by, but not limited to, the central government or local governments, government-related entities, banks and other financial institutions or corporate entities.

Investments are conducted in the onshore China Interbank Bond Market (CIBM), and may include both direct securities (physical bonds) and derivatives related to fixed income securities where allowed.

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

The exchange rate risk between CNY and EUR is not hedged.

Benefits

This diversified bond portfolio can be used to participate in the opportunities in the China fixed income market , as well as exposure to Chinese Yuan.

The fund is managed across duration, yield curve, sector and security selection 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 developed market 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). 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
Bond
Aggregate
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
Day of inception
July 20, 2022
Currency of account
EUR
Close of financial year
May 31
SFDR Classification
Art.6
Issue / redemption
daily
Maturity
Open end
Ongoing costs p.a.
0.17% p.a.
Management fee
0.00% p.a.
Total expense ratio (TER)
0.17% p.a.
Minimum investment
n.a.
Reference Index / Benchmark
Bloomberg China Aggregate Index in EUR
Cut-Off Time
11:00h(CET)
Securities no.
117036208
ISIN
LU2451285840
Bloomberg Ticker
UBFIBEU LX

Performance and Prices

Percentage growth

as of April 23, 2026
Cumulative
EUR(%) CHF(%) USD(%)
YTD 3.73 2.31 3.43
1M
3M
6M
1Y
2Y -6.52 -7.31 6.03
3Y 7.07 0.20 14.27
5Y
ø p.a.5Y 2.30 0.07 4.55

Current data
Net asset value 24.04.2026 EUR 92.12
High - last 12 months 13.05.2025 EUR 93.36
Low - last 12 months 17.09.2025 EUR 86.29
Last distribution 06.08.2025 EUR 2.42
Assets of the unit class in mn 24.04.2026 EUR 27.72
Total product assets in mn 24.04.2026 EUR 401.33

Structures

By detailed securities (in %, as of February 27, 2026)*

 
 
 
1 China Government Bond 25.08
2 Agricultural Development Bank of China 8.66
3 China Development Bank 7.98
4 Export-Import Bank of China/The 7.16
5 China Southern Power Grid Co Ltd 2.21
6 Province of Guangdong China 2.20
7 JIANGS 1.85 08/28/30 2.16
8 China State Railway Group Co Ltd 1.89
9 Agricultural Bank of China Ltd 1.59
10 Central Huijin Investment Ltd 1.57
11 China Construction Bank Corp 1.49
12 Province of Zhejiang China 1.30
13 State Grid Corp of China 1.24
14 BOCOM 2.14 10/30/27 1.23
15 EXIMCH 1.4 07/11/28 1.22
16 CHGRID 1.88 07/20/30 1.22
17 Province of Hubei China 1.04
18 Province of Fujian China 1.00
19 Province of Jiangsu China 0.97
20 State Power Investment Corp Ltd 0.93
21 China Three Gorges Corp 0.93
22 JIANGS 1.9 09/15/32 0.93
23 CHGRID 2.11 08/28/27 0.93
24 CCB 2 08/12/28 0.93
25 GUANGD 1.99 09/09/35 0.93
26 BOCOM 2.11 11/27/28 0.92
27 ZHEJIA 2.01 09/23/35 0.92
28 China Huaneng Group Co Ltd 0.92
29 HUIJIN 1.84 02/24/28 0.91
30 SHANGH 1.89 09/01/35 0.91
31 CCAMCL 2.58 06/25/28 0.77
32 CNAC HK Finbridge Co Ltd 0.73
33 SOPOWZ 2.85 10/28/27 0.62
34 CGB 2.38 01/15/56 0.62
35 POWINV 2.08 PERP 0.62
36 HUIJIN 2.02 09/05/27 0.62
37 Hong Kong Mortgage Corp Ltd/The 0.61
38 China Merchants Group Ltd 0.61
39 KUAISH 2.45 01/22/31 0.55
40 Guangzhou Metro Investment Finance BVI Ltd 0.52
41 Bank of East Asia Ltd/The 0.50
42 FWD Group Holdings Ltd 0.48
43 CK Hutchison International 17 Ltd 0.47
44 Dah Sing Bank Ltd 0.42
45 MIRAIL 3.54 04/22/31 0.34
46 BCHINA 2.62 04/08/34 0.32
47 CITIC Group Corp 0.32
48 China Railway Xunjie Co Ltd 0.31
49 China Resources Inc 0.31
50 China Life Insurance Co Ltd 0.31
51 China Huadian Corp Ltd 0.31
52 MEITUA 2.55 11/05/30 0.31
53 China Longyuan Power Group Corp Ltd 0.31
54 BCLMHK 4 1/2 08/23/27 0.30
55 Peak RE Bvi Holding Ltd 0.28
56 FRESHK 4 1/4 02/14/28 0.27
57 Zhongsheng Group Holdings Ltd 0.21
58 ICBCIL Finance Co Ltd 0.21
59 Far East Horizon Ltd 0.21
60 BABA 2.65 05/28/28 0.16
61 Amipeace Ltd 0.15
62 China Construction Bank Corp/Hong Kong 0.15
63 Nanyang Commercial Bank Ltd 0.14
64 JD.com Inc 0.04
65 Baidu Inc 0.04

Fees

Ongoing costs p.a.
0.1675%
Flat fee
0.1400%
Management fee p.a.
0.0000%

Distributions

From
01-Nov-2020
To
01-Nov-2021
Date of distribution
Pay date
Cps no.
Currency
Distribution
01.08.2025 06.08.2025 3 EUR 2.42

Sales Authorisations

Market
Sales authorisations status
Australia
Institutional Only*
Luxembourg
Registered
Singapore
Institutional Only*
Switzerland
Registered

Literature

en
de
fr
it
es
Brochures
Document type
Document Language
Fact Sheet
es es
it it
fr fr
de de
en en
ASIP ESG Report
Fact Sheet - Bond
de de
en en
es es
fr fr
it it
Fact Sheet - Aggregate
de de
es es
fr fr
it it
en en
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
Semi-annual report
Please wait for the requested content to load. If there is no response after several minutes, please reload the page or try again later.