Overview

The actively managed fund invests primarily in investment grade corporate bonds denominated in EUR.

The fund aims to primarily exploit investment opportunities available from ratings sector allocation and from issuer selection while aiming for diversification of individual holdings.

This fund promotes environmental, social and corporate governance characteristics.

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

This sub-fund promotes environmental and/or social characteristics but does not have a sustainable investment objective.

Benefits

Investors benefit from the return potential of corporate bonds, which is typically higher than government bonds.

Active portfolio management provides for careful assessment of macro-economic environment, investor sentiment, sector allocation and issuers' credit profile and development.

Integrating material sustainability criteria into credit research alongside financial analysis enhances our credit research and helps us make better informed investment decisions as well as providing a more holistic risk assessment.

The portfolio is subject to strict risk management and broadly diversified.

Risks

Default risk is higher for corporate bonds than government bonds despite the credit quality of the portfolio being investment grade. Changes in interest rates affect the value of the portfolio which 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. The strategy can invest in less liquid assets that may be difficult to sell in distressed markets. Every portfolio has specific risks, which may increase considerably in unusual market conditions and 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
Corporates
Product domicile
Luxembourg
Portfolio management
麻豆社 Asset Management (UK) Ltd., London
Fund management
麻豆社 Asset Management (Europe) S.A., Luxembourg
Custodian bank
麻豆社 Europe SE, Luxembourg Branch
Representative for products established under foreign law
麻豆社 Fund Management (Switzerland) AG
Day of inception
April 19, 2023
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.
0.03% p.a.
Management fee
0.00% p.a.
Total expense ratio (TER)
0.03% p.a.
Minimum investment
n.a.
Reference Index / Benchmark
Bloomberg Euro Aggregate 500mio+ Corporate Index
Cut-Off Time
15:00h(CET)
Securities no.
125101476
ISIN
LU2589240618
Bloomberg Ticker
UBECSIX LX

Performance and Prices

Percentage growth

as of May 29, 2026
Cumulative
EUR(%) CHF(%) USD(%)
YTD 0.94 -1.08 0.30
1M
3M
6M
1Y
2Y 3.86 2.98 17.80
3Y 17.91 10.70 28.52
5Y
ø p.a.5Y 5.64 3.45 8.72

Current data
Net asset value 29.05.2026 EUR 117.80
High - last 12 months 23.02.2026 EUR 118.24
Low - last 12 months 06.06.2025 EUR 114.23
Assets of the unit class in mn 29.05.2026 EUR 26.31
Total product assets in mn 29.05.2026 EUR 962.98
Theoretical yield to worst (gross) 30.04.2026 3.73%

Structures

By detailed securities (in %, as of April 30, 2026)*

 
 
 
1 Deutsche Bank AG 1.74
2 Raiffeisen Bank International AG 1.60
3 BP Capital Markets PLC 1.24
4 CTP NV 1.23
5 ENEL Finance International NV 1.15
6 Societe Generale SA 1.13
7 CPI Property Group SA 1.08
8 Wintershall Dea Finance BV 1.08
9 European Investment Bank 1.05
10 Verizon Communications Inc 1.03
11 麻豆社 Group AG 1.02
12 ING Groep NV 1.01
13 WP Carey Inc 1.01
14 Ford Motor Credit Co LLC 0.97
15 Citigroup Inc 0.85
16 JPMorgan Chase & Co 0.85
17 Terna - Rete Elettrica Nazionale 0.84
18 BPCE SA 0.83
19 Goldman Sachs Group Inc/The 0.83
20 Bank of America Corp 0.81
21 Lloyds Banking Group PLC 0.80
22 Public Storage Operating Co 0.78
23 Amprion GmbH 0.77
24 Capgemini SE 0.77
25 Svenska Handelsbanken AB 0.74
26 Stellantis NV 0.73
27 Coca-Cola Europacific Partners PLC 0.73
28 APA Infrastructure Ltd 0.71
29 Air Liquide Finance SA 0.71
30 NatWest Group PLC 0.69
31 Aroundtown SA 0.65
32 Intesa Sanpaolo SpA 0.64
33 International Business Machines Corp 0.64
34 AT&T Inc 0.63
35 ABN AMRO Bank NV 0.62
36 Magnum Icc Finance BV 0.62
37 BNP Paribas SA 0.61
38 Amazon.com Inc 0.61
39 Morgan Stanley 0.60
40 Pfizer Netherlands International Finance BV 0.60
41 AXA SA 0.58
42 Informa PLC 0.58
43 Zuercher Kantonalbank 0.56
44 HSBC Holdings PLC 0.55
45 Sumitomo Mitsui Financial Group Inc 0.55
46 Deutsche Boerse AG 0.54
47 Banco de Sabadell SA 0.53
48 Argentum Netherlands BV for Givaudan SA 0.52
49 mBank SA 0.51
50 Var Energi ASA 0.51
51 BUPA Finance PLC 0.50
52 Roche Finance Europe BV 0.49
53 Commonwealth Bank of Australia 0.47
54 Novonesis Novozymes B 0.47
55 TotalEnergies SE 0.46
56 IDS Financing PLC 0.44
57 Pernod Ricard SA 0.44
58 Vonovia SE 0.44
59 Credit Agricole SA/London 0.43
60 Redexis SA 0.43
61 BMW International Investment BV 0.42
62 EXOR NV 0.42
63 Banco de Credito Social Cooperativo SA 0.42
64 P3 Group Sarl 0.42
65 Danske Bank A/S 0.42
66 ASB Bank Ltd 0.41
67 Dover Corp 0.41
68 Novo Nordisk Finance Netherlands BV 0.41
69 Symrise AG 0.41
70 Sage Group PLC/The 0.41
71 General Motors Financial Co Inc 0.40
72 SANTAN 4 1/4 04/22/38 0.40
73 Deutsche Telekom International Finance BV 0.40
74 Engie SA 0.39
75 Sanofi SA 0.39
76 Barclays PLC 0.39
77 SOCGEN 3 7/8 04/14/34 0.38
78 Iberdrola Finanzas SA 0.38
79 SRENVX 4.399 04/22/37 0.38
80 United Utilities Water Finance PLC 0.37
81 SAP SE 0.37
82 Fastighets AB Balder 0.37
83 Swiss Life Finance I AG 0.36
84 Oncor Electric Delivery Co LLC 0.36
85 Italgas Reti SpA 0.36
86 Ferrari NV 0.36
87 DnB Bank ASA 0.36
88 Ibercaja Banco SA 0.36
89 Amcor UK Finance PLC 0.35
90 Euroclear Holding NV 0.35
91 NOVOB 2 3/8 05/27/28 0.35
92 AstraZeneca PLC 0.35
93 Altrad Investment Authority SAS 0.35
94 Baxter International Inc 0.35
95 Piraeus Bank SA 0.34
96 Gecina SA 0.34
97 UniCredit SpA 0.34
98 DSV Finance BV 0.34
99 CAJAMA 4 1/4 10/13/37 0.34
100 Credit Mutuel Arkea SA 0.33
101 Edenred SE 0.33
102 METRO AG 0.32
103 MSD Netherlands Capital BV 0.32
104 Vier Gas Transport GmbH 0.32
105 NTT Finance Corp 0.31
106 HOTGR 1 1/4 09/03/31 0.31
107 Nordea Bank Abp 0.30
108 Cofiroute SA 0.30
109 Eurobank SA 0.30
110 EUROB 3 3/8 07/17/29 0.30
111 Allianz SE 0.29
112 Banco Comercial Portugues SA 0.29
113 Abanca Corp Bancaria SA 0.29
114 BMW US Capital LLC 0.29
115 SIGCBL 4 04/07/31 0.29
116 Cellnex Finance Co SA 0.29
117 Koninklijke KPN NV 0.29
118 Reckitt Benckiser Treasury Services PLC 0.28
119 Eni SpA 0.28
120 Sky Ltd 0.28
121 Booking Holdings Inc 0.28
122 CCHLN 4 10/01/33 0.28
123 Anheuser-Busch InBev SA/NV 0.28
124 Highland Holdings Sarl 0.28
125 Schneider Electric SE 0.27
126 National Bank of Greece SA 0.27
127 Aker BP ASA 0.27
128 Siemens Financieringsmaatschappij NV 0.27
129 STANLN 3.717 01/14/34 0.27
130 Orange SA 0.27
131 Danone SA 0.26
132 Westpac Banking Corp 0.26
133 Stedin Holding NV 0.26
134 Eurogrid GmbH 0.26
135 Carlsberg Breweries A/S 0.26
136 Accor SA 0.25
137 Swedbank AB 0.25
138 RENEPL 3 3/8 02/18/34 0.25
139 GS 4.188 04/22/36 0.25
140 Heineken NV 0.25
141 BNFP 3.785 04/01/34 0.24
142 Lonza Finance International NV 0.24
143 Credit Agricole SA 0.24
144 ALLRNV 3 1/4 04/30/31 0.24
145 Koninklijke Ahold Delhaize NV 0.24
146 Erste Group Bank AG 0.24
147 Transurban Finance Co Pty Ltd 0.24
148 Nationwide Building Society 0.24
149 CEZ AS 0.24
150 Forvia SE 0.24
151 Global Switch Finance BV 0.24
152 Banco Santander SA 0.24
153 Vesteda Finance BV 0.23
154 Naturgy Finance Iberia SA 0.22
155 Johnson & Johnson 0.22
156 Cadent Finance PLC 0.22
157 Zurich Finance Ireland Designated Activity Co 0.22
158 Telefonica Emisiones SA 0.22
159 Abertis Infraestructuras SA 0.22
160 RTEFRA 2 5/8 07/08/29 0.21
161 Blue Owl Credit Income Corp 0.21
162 CEETRU 5 1/2 04/23/31 0.21
163 SES SA 0.21
164 Heimstaden Bostad AB 0.21
165 ELM BV for Swiss Prime Site AG 0.21
166 NBN Co Ltd 0.21
167 Aeroporti di Roma SpA 0.21
168 Metropolitan Life Global Funding I 0.20
169 Bankinter SA 0.20
170 VGASDE 3 1/2 10/21/30 0.20
171 SIG Combibloc PurchaseCo Sarl 0.20
172 Allianz Finance II BV 0.20
173 Commerzbank AG 0.20
174 ZF Europe Finance BV 0.20
175 Athora Holding Ltd 0.20
176 FCC Servicios Medio Ambiente Holding SA 0.20
177 Teva Pharmaceutical Finance Netherlands II BV 0.20
178 CaixaBank SA 0.19
179 Sagax AB 0.19
180 Lseg Netherlands BV 0.19
181 Prologis International Funding II SA 0.19
182 Network Finance Co Pty Ltd 0.19
183 Unicaja Banco SA 0.18
184 Fidelity National Information Services Inc 0.18
185 South Eastern Power Networks PLC 0.18
186 Ausgrid Finance Pty Ltd 0.18
187 Eurofins Scientific SE 0.18
188 Cooperatieve Rabobank UA 0.18
189 Digital Euro Finco LLC 0.18
190 Societatea Nationala de Gaze Naturale ROMGAZ SA 0.18
191 Infrastrutture Wireless Italiane SpA 0.18
192 Titanium Ruth Holdco Ltd 0.18
193 Alliander NV 0.18
194 Abertis France SAS 0.18
195 El Corte Ingles SA 0.18
196 Mapfre SA 0.18
197 Tesco Corporate Treasury Services PLC 0.18
198 Nestle Finance International Ltd 0.17
199 REWE International Finance BV 0.17
200 Autostrade per l'Italia SpA 0.17
201 Deutsche Telekom AG 0.17
202 Bundesrepublik Deutschland Bundesanleihe 0.17
203 Banco BPM SpA 0.17
204 DHR 3 1/4 04/29/30 0.16
205 ALPHA 4.308 07/23/36 0.16
206 Hemso Fastighets AB 0.16
207 DSB 0.16
208 Fresenius Medical Care AG 0.16
209 Australia & New Zealand Banking Group Ltd 0.16
210 NN Group NV 0.16
211 KBC Group NV 0.15
212 Novartis Finance SA 0.15
213 Skandinaviska Enskilda Banken AB 0.15
214 Slovenske Elektrarne AS 0.14
215 Amphenol Technologies Holding GmbH 0.14
216 DSM BV 0.14
217 Barry Callebaut Services NV 0.14
218 Motability Operations Group PLC 0.14
219 National Grid PLC 0.14
220 Chorus Ltd 0.14
221 Assa Abloy AB 0.13
222 RELX Finance BV 0.13
223 Traton Finance Luxembourg SA 0.13
224 REWEEG 2 3/4 07/03/28 0.13
225 Banque Federative du Credit Mutuel SA 0.12
226 Thermo Fisher Scientific Inc 0.12
227 Goodman Australia Finance Pty Ltd 0.12
228 Czechoslovak Group AS 0.12
229 Smurfit Kappa Treasury ULC 0.12
230 APRR SA 0.12
231 Coca-Cola HBC Finance BV 0.11
232 Galderma Finance Europe BV 0.11
233 Comcast Corp 0.11
234 Linde PLC 0.10
235 Bundesobligation 0.10
236 AIB Group PLC 0.10
237 Bank of Ireland Group PLC 0.09
238 AMPRIO 4 1/4 04/28/56 0.08
239 麻豆社 AG/London 0.07
240 AMPRIO 4 3/4 04/28/56 0.07
241 Discovery Global Holdings Inc 0.07
242 Vodafone Group PLC 0.06
243 Eurex 10 Year Euro BUND Future 0.00
244 Generali 0.00
245 ERG SpA 0.00
246 ASR Nederland NV 0.00
247 Eurex 30 Year Euro BUXL Future 0.00
248 Eurex 5 Year Euro BOBL Future -0.03
249 Eurex 2 Year Euro SCHATZ Future -0.05

Fees

Ongoing costs p.a.
0.0256%
Flat fee
0.0000%
Management fee p.a.
0.0000%

Distributions

No distributions. Continuous reinvestment of income.

Sales Authorisations

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

Literature

en
de
fr
it
es
Brochures
Document type
Document Language
Fact Sheet
es es
fr fr
it it
de de
en en
Swiss Climate Scores Report
ASIP ESG Report
Fact Sheet - Bond
en en
es es
fr fr
it it
de de
Fact Sheet - Corporates
de de
it it
es es
en en
fr fr
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
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