Overview

The actively managed fund invests globally in a diversified range of equities, mainly high-quality bonds and money market instruments, combined with exposure to Asian markets.

The fund generally strikes an even balance between equity and fixed income investments.

Foreign currencies are largely hedged against the reference currency. Nevertheless, an active currency strategy is applied if opportunities are seen.

The fund is based on 麻豆社's investment policy, the 麻豆社 House View.

Owing to the varying mixed asset allocation, this fund could be treated in specific phases as a bond fund for tax purposes in the UK. Investors should therefore contact a tax advisor.

The fund invests without any benchmark restrictions. The performance of the fund is not benchmarked against an index.

Benefits

The fund offers the investor straightforward and convenient access to 麻豆社 House View, which draws on the professional insights of 麻豆社 investment specialists worldwide.

Investors benefit globally from diversified market opportunities in the area of bonds and equities, combined with exposure to Asian markets. In addition to high-quality bonds, investments can also be made in other bond segments.

The weightings of the various asset classes are maintained within a specific range to take account of the fund's risk profile.

Risks

The Fund invests in emerging markets which are typically at an early stage of development and which can 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. The Fund invests in equities and corporate bonds and may therefore be subject to high fluctuations in value. The Fund can use derivatives, which can reduce investment risks or give rise to additional risks, particularly counterparty risk. For these reasons, a corresponding risk tolerance and capacity are required. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. A description of the fund specific risks can be found in the prospectus. 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
麻豆社 Asset Allocation Funds
麻豆社 Strategy Funds
Product domicile
Luxembourg
Portfolio management
麻豆社 Asset Management Switzerland AG, Zurich
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 Asset Management (UK) Limited
Day of inception
22 November 2013
Currency of account
USD
Close of financial year
30 September
SFDR Classification
Art.6
Issue / redemption
daily
Next distribution
December
Maturity
Open end
Ongoing costs p.a.
1.99% p.a.
Management fee
1.50% p.a.
Total expense ratio (TER)
1.97% p.a.
Swing pricing
yes
Minimum investment
n.a.
ISIN
LU0974636382
Bloomberg Ticker
UBAGSPD LX
Telekurs Id
n.a.

Performance and Prices

Percentage growth

as of 17 June 2026
Cumulative
USD(%)
YTD
1M
3M 10.11
6M 13.92
1Y 23.93
2Y 30.77
3Y 39.63
5Y
ø p.a.5Y 3.38
Discrete Annual
USD(%)
Q1 2025 to Q1 2026 13.04
Q1 2024 to Q1 2025 3.94
Q1 2023 to Q1 2024 6.03
Q1 2022 to Q1 2023 -7.95
Q1 2021 to Q1 2022 -7.69

Current data

Net asset value 18.06.2026 USD 159.45
High - last 12 months 02.06.2026 USD 159.55
Low - last 12 months 19.06.2025 USD 131.19
Last distribution 04.12.2025 USD 4.02
Assets of the unit class in mn 18.06.2026 USD 0.40
Total product assets in mn 18.06.2026 USD 122.36
Theoretical yield to maturity (gross) 29.05.2026 5.54%
Modified duration 29.05.2026 2.28

Structures

By the 10 largest equity positions (in %, as of 29 May 2026)

 
 
SAMSUNG ELECTRONICS CO LTD 2.00
SK HYNIX INC 1.90
TAIWAN SEMICONDUCTOR MANUFAC 1.90
MEDIATEK INC 1.04
ASE TECHNOLOGY HOLDING CO LT 0.88
NVIDIA CORP 0.84
HON HAI PRECISION INDUSTRY 0.69
TENCENT HOLDINGS LTD 0.68
ALIBABA GROUP HOLDING LTD 0.68
AMAZON.COM INC 0.66

By investment instrument and currency (in %, as of 29 May 2026)

 
 
Money market
Cash + Bonds
Equities
Total
Total1)
1 AUD 0.00 1.96 -0.19 1.77 0.06
2 CAD 0.00 0.00 -0.48 -0.48 0.11
3 CHF 0.00 0.00 2.01 2.01 -1.94
4 CNY 0.00 0.01 7.34 7.35 7.10
5 DKK 0.00 0.00 0.03 0.03 0.00
6 EUR 0.00 2.02 6.65 8.66 0.15
7 GBP 0.00 0.01 1.18 1.19 1.92
8 HKD 0.00 0.00 0.50 0.50 0.89
9 INR 0.00 0.02 2.80 2.82 2.84
10 JPY 0.00 0.00 2.14 2.14 2.28
11 KRW 0.00 0.00 7.75 7.75 7.81
12 MYR 0.00 0.02 1.29 1.30 1.30
13 SEK 0.00 0.00 -0.12 -0.12 0.01
14 SGD 0.00 0.00 -0.18 -0.18 -0.24
15 TWD 0.00 0.00 9.44 9.44 9.17
16 USD 0.00 41.75 12.07 53.83 66.55
17 Others 0.00 0.29 1.72 2.01 1.98
18 Total 0.00 46.06 53.94 100.01 100.00

Fees

Ongoing costs p.a.
1.99%
Flat fee
1.88%
Management fee p.a.
1.50%
Max. issuing commission
4.00%
Max. redemption commission
0.00%
Distribution fee
(see info)

Distributions

From
01-Nov-2020
To
01-Nov-2021
Date of distribution
Pay date
Cps no.
Currency
Distribution
01.12.2025 04.12.2025 12 USD 4.02

Sales Authorisations

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

Literature

Brochures
Document type
Document Language
Manager Commentary
Agreement / Prospectus
Document type
Document Language
Prospectus
Country supplement
Key Investor Information (KIID)
Past performance
Previous performance scenario
Annual and semi-annual report (accounting on 30 September)
Document type
Document Language
Annual report
Semi-annual report
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