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UBS Sustainable Development Bank Bond Fund

mutual fund
UDBTX
Payout Change
Pending
Price as of:
$9.31 +0.01 +0.11%
primary theme
N/A
UDBTX (Mutual Fund)

UBS Sustainable Development Bank Bond Fund

Payout Change
Pending
Price as of:
$9.31 +0.01 +0.11%
primary theme
N/A
UDBTX (Mutual Fund)

UBS Sustainable Development Bank Bond Fund

Payout Change
Pending
Price as of:
$9.31 +0.01 +0.11%
primary theme
N/A

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.31

$83.2 M

2.77%

$0.26

0.65%

Vitals

YTD Return

-0.7%

1 yr return

1.0%

3 Yr Avg Return

-2.2%

5 Yr Avg Return

N/A

Net Assets

$83.2 M

Holdings in Top 10

38.3%

52 WEEK LOW AND HIGH

$9.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.65%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$25,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.31

$83.2 M

2.77%

$0.26

0.65%

UDBTX - Profile

Distributions

  • YTD Total Return -0.7%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.09%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    UBS Sustainable Development Bank Bond Fund
  • Fund Family Name
    UBSASSETMT
  • Inception Date
    Oct 30, 2020
  • Shares Outstanding
    N/A
  • Share Class
    P2
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthias Dettwiler

Fund Description

Principal investments

Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes, if any) in bonds and/or instruments that provide exposure to bonds issued by development banks. Development banks are financial organizations formed by government entities to promote economic and social development. The Fund invests in multilateral development bank bonds but may also invest in regional or national development bank obligations. The Fund's investment in obligations issued by the International Bank for Reconstruction and Development and the Inter-American Development Bank may be significant, but the Fund normally will not invest more than 25% of its net assets in either issuer.

Under normal circumstances, the Fund will invest in securities that, at the time of purchase, possess a minimum rating of A3 by Moody's Investors Service, Inc. ("Moody's") or A- by Standard & Poor's Financial Services LLC ("S&P") or Fitch Ratings, Inc. ("Fitch"), comparably rated by another nationally recognized statistical rating organization, or, if unrated, are determined by the Advisor to be of comparable quality.

The Fund's investments in fixed income securities may have all types of interest rate payment and reset terms. The Fund generally invests only in US dollar-denominated securities.

The Fund may, but is not required to, engage in derivatives transactions. Derivatives instruments such as futures may be used for risk management purposes to hedge against a specific security or for investment (non-hedging) purposes to earn income or adjust portfolio duration. The Fund does not seek to use derivatives extensively.

The Fund may invest in exchange-traded funds ("ETFs") to gain exposure to certain asset classes.

The Fund is a non-diversified fund, which means that the Fund may invest more of its assets in a smaller number of issuers than a diversified investment company.

Management process

The Advisor seeks to invest in bonds issued by development banks. The Advisor constructs the portfolio consisting of multilateral and regional development banks. The Advisor focuses primarily on bonds issued by multilateral development banks which may include, but are not limited to, the International Bank for Reconstruction and Development and other member institutions of the World Bank Group, the Inter-American Development Bank, the Asian Development Bank, the African Development Bank, and the European Bank for Reconstruction and Development. Development banks are formed by their member states with the objective to provide financial and technical assistance to improve overall living standards through sustainable economic development and growth. While each development bank has a distinct focus, development banks generally use their capital for projects that seek to improve the state of the developing world, promote sustainable growth and raise living standards.

The Advisor selects investments for the Fund based on available supply and liquidity parameters (including, for example, such factors as evaluating amounts outstanding, available dealer inventory, and volumes traded in the secondary market) utilizing a stratified sampling approach (investing in a representative cross-section of the investment universe) to optimize tracking error and minimize transaction cost. The Fund will be managed relative to a composite index, which is a blend of two market indexes designed to measure the performance of the US dollar denominated multilateral development bank bond market. The Fund does not seek to directly replicate the index. The Fund's composite index is the Solactive Global Multilateral Development Bank Bond USD 40% 1-5 Year 60% 5-10 Year Total Return Index. (The Fund reserves the right in its discretion to change the index.) The Fund's development bank bond investments may include issuers that are not part of the composite index. The Fund will seek to maintain a concentrated portfolio of development bank bonds emphasizing multilateral development banks. The portfolio management team will select the bonds in the market that meet their selection criteria with intention to provide similar risk/return characteristics as the broader development bank bond market.

The Fund may engage in active trading to adjust the portfolio in response to investor activity and to rebalance the portfolio as new development bank issuers come to the market and existing issuers enter the index or mature.

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UDBTX - Performance

Return Ranking - Trailing

Period UDBTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -15.2% -2.4% N/A
1 Yr 1.0% -10.4% -2.5% 50.38%
3 Yr -2.2%* -1.2% 4.2% 60.17%
5 Yr N/A* -0.1% 3.7% N/A
10 Yr N/A* 0.0% 4.6% N/A

* Annualized

Return Ranking - Calendar

Period UDBTX Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -9.4% -0.6% N/A
2022 -11.7% -1.3% 7.0% N/A
2021 N/A 0.5% 200.9% N/A
2020 N/A -15.5% 3.1% N/A
2019 N/A -0.6% 30.6% N/A

Total Return Ranking - Trailing

Period UDBTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -15.2% -2.4% N/A
1 Yr 1.0% -12.6% -2.5% 43.51%
3 Yr -2.2%* -1.6% 4.2% 53.39%
5 Yr N/A* -0.1% 3.7% N/A
10 Yr N/A* 0.0% 4.6% N/A

* Annualized

Total Return Ranking - Calendar

Period UDBTX Return Category Return Low Category Return High Rank in Category (%)
2023 4.7% -9.4% -0.6% N/A
2022 -10.4% -1.3% 7.0% N/A
2021 N/A 0.5% 200.9% N/A
2020 N/A -15.5% 3.3% N/A
2019 N/A 0.1% 30.6% N/A

NAV & Total Return History


UDBTX - Holdings

Concentration Analysis

UDBTX Category Low Category High UDBTX % Rank
Net Assets 83.2 M 21.8 M 93.5 B 79.39%
Number of Holdings 67 5 7040 96.21%
Net Assets in Top 10 31.9 M -839 M 6.06 B 54.55%
Weighting of Top 10 38.31% 6.1% 100.0% 35.61%

Top 10 Holdings

  1. Inter-American Development Bank 6.04%
  2. Inter-American Development Bank 5.05%
  3. International Bank for Reconstruction Development 4.54%
  4. International Bank for Reconstruction Development 4.04%
  5. International Bank for Reconstruction Development 3.61%
  6. Nordic Investment Bank 3.29%
  7. Inter-American Development Bank 3.10%
  8. Inter-American Development Bank 3.06%
  9. Inter-American Development Bank 3.04%
  10. Inter-American Development Bank 2.54%

Asset Allocation

Weighting Return Low Return High UDBTX % Rank
Bonds
96.90% 36.86% 100.73% 13.64%
Cash
3.10% -2.75% 67.17% 75.00%
Stocks
0.00% 0.00% 0.70% 48.48%
Preferred Stocks
0.00% 0.00% 0.73% 41.67%
Other
0.00% -8.93% 0.72% 28.79%
Convertible Bonds
0.00% 0.00% 14.16% 98.48%

Bond Sector Breakdown

Weighting Return Low Return High UDBTX % Rank
Government
97.77% 1.71% 97.31% 0.76%
Cash & Equivalents
1.67% 0.00% 51.02% 62.88%
Derivative
0.00% 0.00% 50.79% 78.79%
Securitized
0.00% 0.00% 29.11% 93.18%
Corporate
0.00% 0.00% 70.79% 98.48%
Municipal
0.00% 0.00% 3.10% 56.06%

Bond Geographic Breakdown

Weighting Return Low Return High UDBTX % Rank
US
96.90% -11.86% 53.57% 92.42%
Non US
0.00% 26.05% 98.85% 2.27%

UDBTX - Expenses

Operational Fees

UDBTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.02% 1.81% 90.63%
Management Fee 0.15% 0.00% 0.83% 11.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% 34.78%

Sales Fees

UDBTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

UDBTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

UDBTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 2.00% 402.00% 4.50%

UDBTX - Distributions

Dividend Yield Analysis

UDBTX Category Low Category High UDBTX % Rank
Dividend Yield 2.77% 0.00% 2.20% 55.30%

Dividend Distribution Analysis

UDBTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

UDBTX Category Low Category High UDBTX % Rank
Net Income Ratio 1.09% -0.30% 3.10% 63.36%

Capital Gain Distribution Analysis

UDBTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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UDBTX - Fund Manager Analysis

Managers

Matthias Dettwiler


Start Date

Tenure

Tenure Rank

Aug 15, 2018

3.79

3.8%

Matthias Dettwiler is Head of Index Fixed Income and has overall responsibility for all index tracking fixed income portfolios globally. Mr. Dettwiler is a Managing Director at UBS Asset Management and has been with UBS since 1995 and joined fixed income portfolio management in 2000. Mr. Dettwiler has been the portfolio manager of the Fund since inception

Tenure Analysis

Category Low Category High Category Average Category Mode
0.12 31.42 5.43 0.92