Overview
The actively managed fund invests primarily in high-yield corporate bonds selected using strict criteria.
When selecting issuers of such bonds, particular attention is taken to spread investments across the various credit ratings.
The investment objective is to generate a higher return than on prime USD bonds.
The portfolio manager is not tied to the benchmark in terms of investment selection or weight.
Benefits
Clients benefit from the return potential of corporate bonds, which is higher than that of government bonds.
Active portfolio management ensures that particular attention is paid to the prevailing economic situation, sector selection and issuers' credit ratings.
Risk is kept in check via meticulous company analysis and broad diversification of the portfolio.
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 rates have an effect on the value of the portfolio. This requires corresponding risk tolerance and capacity. All investments are subject to market fluctuations. 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 High Yield |
| Product domicile |
Luxembourg
|
| Portfolio management |
麻豆社 Asset Management (Americas) LLC, New York
|
| Fund management |
麻豆社 Asset Management (Europe) S.A., Luxembourg
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| Custodian bank |
麻豆社 Europe SE, Luxembourg Branch
|
| Representative for products established under foreign law |
麻豆社 Fund Management (Switzerland) AG
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| Day of inception |
February 16, 2017
|
| Currency of account |
EUR
|
| Close of financial year |
May 31
|
| SFDR Classification |
Art.6
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| Issue / redemption |
daily
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| Distribution |
Reinvestment
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| Maturity |
Open end
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| Ongoing costs p.a. |
0.05% p.a.
|
| Management fee |
0.00% p.a.
|
| Total expense ratio (TER) |
0.03% p.a.
|
| Minimum investment |
n.a.
|
| Reference Index / Benchmark |
ICE BofAML US High Yield Cash Pay Constrained Index (hedged EUR)
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| Cut-Off Time |
15:00h(CET)
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| Securities no. |
35345497
|
| ISIN |
LU1554276805
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| Bloomberg Ticker |
UBHYIXA LX
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Performance and Prices
Percentage growth
as of May 28, 2026
Cumulative
| EUR(%) | CHF(%) | USD(%) | |
| YTD | 0.70 | -1.07 | -0.13 |
| 1M | |||
| 3M | |||
| 6M | |||
| 1Y | |||
| 2Y | 6.48 | 5.57 | 20.77 |
| 3Y | |||
| 5Y | 13.92 | -5.02 | 8.92 |
| ø p.a.5Y | 2.64 | -1.02 | 1.72 |
Current data
| Net asset value | 29.05.2026 | EUR 134.03 |
| High - last 12 months | 29.05.2026 | EUR 134.03 |
| Low - last 12 months | 02.06.2025 | EUR 127.77 |
| Assets of the unit class in mn | 29.05.2026 | EUR 13.26 |
| Total product assets in mn | 29.05.2026 | EUR 498.54 |
| Option Adjusted Duration | 30.04.2026 | 2.93 |
| Average remaining maturity | 30.04.2026 | 4.68 years |
Structures
By the 10 largest positions (in %, as of April 30, 2026)
|
|
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| United States of America | 2.40 |
| TransDigm Inc | 1.33 |
| CoreLogic Inc/United States | 1.14 |
| Sunoco LP | 1.10 |
| CQP Holdco LP / BIP-V Chinook Holdco LLC | 1.09 |
| Virtusa Corp | 1.02 |
| AthenaHealth Group Inc | 0.96 |
| Alliant Holdings Intermediate LLC | 0.90 |
| AMN Healthcare Inc | 0.90 |
| Ahead DB Holdings LLC | 0.89 |
Fees
Ongoing costs p.a.
0.0484%
Flat fee
0.0000%
Management fee p.a.
0.0000%
Distributions
No distributions. Continuous reinvestment of income.
Sales Authorisations
Literature
Brochures
Agreement / Prospectus
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Document type
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Document Language
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| Prospectus |
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| Key Information Document |
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| Past performance |
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| Previous performance scenario |
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| Statutes / Management regulations |
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Annual and semi-annual report (accounting on May 31)
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Document type
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Document Language
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| Annual report |
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| Semi-annual report |
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