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  5. UBS Global High Conviction Fund - Managed fund profile

UBS Global High Conviction Fund - Managed Fund (Closed)

Fund Objective
The Fund aims to provide a total return consisting of capital growth and income that outperforms (after management costs) the MSCI World ex Australia (net dividends reinvested) (AUD hedged) Index over rolling three year periods.
Fund Strategy
The Fund has a high conviction concentrated strategy, taking meaningful positions at the company level seeking to identify the best opportunities to add value. There are no limits on sector, country or industry weights. The Fund's largest active positions are in companies where we see the greatest mispricing and in which we have the most conviction. Risk is managed by seeking to remain diversifed across countries and sectors whilst seeking to ensure all foreign currency exposure is fully hedged to Australian dollars.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 13.17% 6.11% 15.54% 3.98% 6.89% 3.11% -% -%
Growth return 13.17% 6.11% 15.54% 3.98% 6.89% 1.85% -% -%
Income return 0% 0% 0% 0% 0% 1.26% -% -%
Market index (Vanguard Intl Shares Index Hdg AUD TR)
Total return 0.87% 5.67% 9.66% 13.17% 16.48% 15.02% 12.89% 11.13%
As at 30 Nov 2020. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

UBS Global High Conviction Fund
International Equities
98.63%
Cash
1.37%
Australian Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
International Equities
98.20%
Cash
1.51%
Australian Equities
0.06%
Property & Infrastructure
0.23%
Fixed Interest
0%
Alternatives
-0.01%

General Information

Fund Details
Type Description
UBS Global High Conviction Fund
Closed
UBS Asset Management (Australia) Ltd
UBS2393AU
Equity World - Currency Hedged
starstar (as at 30 Nov 2020)
Investment Fund
1 Mar 2017
$70.6 million (as at 30 Sep 2020)
$1.2201 (as at 1 Dec 2020)
$1.2153 (as at 1 Dec 2020)
Finalised
Offer information
Type Description
MER 1.10% (as at 30 Jun 2019)
Indirect Cost Ratio (ICR) 1.10% (as at 30 Jun 2020)
Performance fee (not included in ICR) 0
Minimum initial investment $10,000.00
Minimum additional investments $1,000.00
Minimum redemption amount

Top 10 holdings (as at 30 Nov 2020)

Holding (as at 30 Nov 2020) Type % of Portfolio
Cash Cash 100%

FAQs about the UBS Global High Conviction Fund

The objective of the UBS Global High Conviction Fund managed fund is The Fund aims to provide a total return consisting of capital growth and income that outperforms (after management costs) the MSCI World ex Australia (net dividends reinvested) (AUD hedged) Index over rolling three year periods.

The strategy of the UBS Global High Conviction Fund managed fund is The Fund has a high conviction concentrated strategy, taking meaningful positions at the company level seeking to identify the best opportunities to add value. There are no limits on sector, country or industry weights. The Fund's largest active positions are in companies where we see the greatest mispricing and in which we have the most conviction. Risk is managed by seeking to remain diversifed across countries and sectors whilst seeking to ensure all foreign currency exposure is fully hedged to Australian dollars.

The APIR code of the UBS Global High Conviction Fund managed fund is UBS2393AU.

UBS Global High Conviction Fund’s total return last month was 13.17%. This was made up of a growth return of 13.17% and an income return of 0%. These returns were calculated as at 30 Nov 2020.

UBS Global High Conviction Fund’s total return for the last three months was 6.11%. This was made up of a growth return of 6.11% and an income return of 0%%. These returns were calculated as at 30 Nov 2020.

UBS Global High Conviction Fund’s one-year total return is 3.98%. This was made up of a growth return of 3.98% and an income return of 0%. These returns were calculated as at 30 Nov 2020.

UBS Global High Conviction Fund’s one-year total return is 3.11%. This was made up of a growth return of 1.85% and an income return of 1.26%. These returns were calculated as at 30 Nov 2020.

The asset allocation of the UBS Global High Conviction Fund managed fund is :

International Equities
98.63%
Cash
1.37%
Australian Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the UBS Global High Conviction Fund managed fund is UBS Asset Management (Australia) Ltd.

The UBS Global High Conviction Fund managed fund belongs to the Equity World - Currency Hedged sector/asset class.

As at 30 Sep 2020, the size of the UBS Global High Conviction Fund managed fund was $70.6 million.

The UBS Global High Conviction Fund managed fund has an inception date of 1 Mar 2017.

The current entry price of the UBS Global High Conviction Fund managed fund is $1.2201 per unit and the current exit price is $1.2153 per unit (as at 1 Dec 2020).

The current exit price of the UBS Global High Conviction Fund managed fund is $1.2153 per unit and the current entry price is $1.2201 per unit (as at 1 Dec 2020).

The minimum initial investment amount for the UBS Global High Conviction Fund managed fund is $10,000. Minimum additional investment is $1000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.