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UBS Emerging Markets Equity Opportunity Fund

mutual fund
UEMPX
Payout Change
Pending
Price as of:
$7.75 +0.06 +0.78%
primary theme
Emerging Markets Equity
share class
UEMPX (Mutual Fund)

UBS Emerging Markets Equity Opportunity Fund

Payout Change
Pending
Price as of:
$7.75 +0.06 +0.78%
primary theme
Emerging Markets Equity
share class
UEMPX (Mutual Fund)

UBS Emerging Markets Equity Opportunity Fund

Payout Change
Pending
Price as of:
$7.75 +0.06 +0.78%
primary theme
Emerging Markets Equity
share class

Name

As of 12/02/2024

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

$7.75

$439 M

2.21%

$0.17

1.20%

Vitals

YTD Return

2.6%

1 yr return

6.0%

3 Yr Avg Return

-6.1%

5 Yr Avg Return

-0.1%

Net Assets

$439 M

Holdings in Top 10

50.3%

52 WEEK LOW AND HIGH

$7.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 41.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/02/2024

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

$7.75

$439 M

2.21%

$0.17

1.20%

UEMPX - Profile

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return -6.1%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.73%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    UBS Emerging Markets Equity Opportunity Fund
  • Fund Family Name
    UBSASSETMT
  • Inception Date
    Jan 31, 2019
  • Shares Outstanding
    N/A
  • Share Class
    P
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Geoffrey Wong

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 equity securities that are tied economically to emerging market countries. Investments in equity securities may include, but are not limited to, common stock; shares of collective trusts, investment companies, including exchange-traded funds ("ETFs"); preferred stock; securities convertible into common stock, rights, warrants and options; sponsored or unsponsored depository receipts and depository shares, including American Depositary Receipts, European Depositary Receipts and Global Depositary Receipts; equity securities of real estate investment trusts ("REITs"); securities sold in private placements; and new issues, including initial and secondary public offerings.

Securities tied economically to emerging market countries include securities on which the return is derived from issuers in emerging market countries, such as equity swap contracts and equity swap index contracts. The Fund intends to invest primarily in a portfolio of equity securities of issuers located in at least three emerging market countries, which may be located in Asia, Europe, Latin America, Africa and/or the Middle East.

The Fund may invest in stocks of companies of any size. The Fund will generally hold the stocks of between 20 to 40 issuers. The Fund may invest up to +/- 15% of its benchmark's weighting (the MSCI Emerging Markets Index) in any one country or sector.

The Fund may, but is not required to, use exchange-traded or over-the-counter derivative instruments for risk management purposes or as part of the Fund's investment strategies. Generally, derivatives are financial contracts whose value depends upon, or is derived from, the value of an underlying asset, reference rate, index or other market factor and may relate to stocks, bonds, interest rates, credit, currencies or currency exchange rates, commodities and related indexes. The derivatives in which the Fund may invest include options (including options on securities, indices, futures, forwards, and swap agreements) futures, forward currency agreements, swap agreements (including interest rate, total return and currency) and equity participation notes and equity linked notes. All of these derivatives may be used for risk management purposes to manage or adjust the risk profile of the Fund. Futures on currencies and forward currency agreements may also be used to hedge against a specific currency. Further, the Fund may acquire and sell forward foreign currency exchange contracts in order to attempt to protect against uncertainty in the level of future foreign currency exchange rates in connection with the settlement of securities. In addition, all of the derivative instruments listed above may be used for investment (non-hedging) purposes to earn income; to enhance returns; to replace more traditional direct investments (except for forward currency agreements); to obtain exposure to certain markets; or to establish net short positions for individual currencies (except for equity participation notes).

The Advisor considers a number of factors to determine whether an investment is tied to a particular country, including whether the investment is issued or guaranteed by a particular government or any of its agencies, political subdivisions, or instrumentalities; the investment has its primary trading market in a particular country; the issuer is organized under the laws of, derives at least 50% of its revenues from, or has at least 50% of its assets in a particular country; the investment is included in an index representative of a particular country or region; and the investment is exposed to the economic fortunes and risks of a particular country. The Fund considers a country's market to be an "emerging market" if it is defined as an emerging or developing economy by any of the International Bank for Reconstruction and Development (i.e., the World Bank), the International Finance Corporation or the United Nations or its authorities. Additionally, the Fund, for purposes of its investments, may consider a country included in JP Morgan, MSCI or FTSE emerging markets indices to be an emerging market country. The countries included in this definition will change over time. The

Fund's investments may include investments in China A-shares (shares of companies based in mainland China that trade on the Shanghai Stock Exchange, the Shenzhen Stock Exchange, and the Beijing Stock Exchange). The Fund may also invest in US- or Hong Kong-listed issuers that have entered into contractual relationships with a China-based business and/or individuals/entities affiliated with the business structured as a variable interest entity ("VIE"). In a VIE structure, instead of directly owning the equity interests in a Chinese company, the listed company has contractual arrangements with the Chinese company. These contractual arrangements are expected to provide the listed company (and investors in such company, such as the Fund) with exposure to the China-based company. These arrangements are often used because of Chinese governmental restrictions on non-Chinese ownership of companies in certain industries in China.

The Fund may invest in securities issued by companies in any market capitalization range, including small capitalization companies.

Management process

The Advisor employs a high alpha long opportunistic strategy, also known as the "UBS-HALO" strategy. The UBS-HALO strategy is a long-term investing approach focused on taking opportunities that seek to produce superior performance relative to the benchmark (the difference of which is "alpha"). The Advisor follows a price to intrinsic value approach. The price to intrinsic value investment philosophy means the Advisor pays great attention to investment fundamentals and expected cash flows when assessing investments. The Advisor tries to identify and exploit periodic discrepancies between market prices and fundamental value. These price/value discrepancies are used as the building blocks for portfolio construction.

In selecting individual securities for investment, the Advisor considers, among others:

•  A company's potential cash generation

•  Earnings outlook

•  Expected sustainable return on investments

•  Expected sustainable growth rates

•  Stock prices versus a company's asset or franchise values

The Fund is classified by UBS AM (Americas) as an "ESG-integrated" fund. The Fund's investment process integrates material sustainability and/or environmental, social and governance ("ESG") considerations into the

research process for all portfolio investments and portfolio holdings for which ESG data is available. Therefore, the Advisor does not assess every investment for ESG factors and, when it does, not every ESG factor may be identified or evaluated. ESG integration is driven by taking into account material sustainability and/or ESG risks which could impact investment returns, rather than being driven by specific ethical principles or norms. The analysis of material sustainability and/or ESG considerations can include many different aspects, including, for example, the carbon footprint, employee health and well-being, supply chain management, fair customer treatment and governance processes of a company. ESG considerations and weights considered may change over time The Fund's portfolio managers may still invest in securities without respect to sustainability and/or ESG considerations or in securities which present sustainability and/or ESG risks, including where the portfolio managers believe the potential compensation outweighs the risks identified.

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UEMPX - Performance

Return Ranking - Trailing

Period UEMPX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -11.9% 36.1% 89.73%
1 Yr 6.0% -8.2% 38.0% 90.16%
3 Yr -6.1%* -11.7% 11.8% 83.31%
5 Yr -0.1%* -5.2% 11.7% 92.95%
10 Yr N/A* -1.9% 6.5% N/A

* Annualized

Return Ranking - Calendar

Period UEMPX Return Category Return Low Category Return High Rank in Category (%)
2023 5.7% -6.5% 35.5% 77.13%
2022 -27.7% -50.1% -2.4% 74.63%
2021 -19.0% -33.1% 22.5% 95.03%
2020 22.6% -22.1% 80.1% 33.44%
2019 N/A -0.7% 42.0% N/A

Total Return Ranking - Trailing

Period UEMPX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -11.9% 36.1% 89.73%
1 Yr 6.0% -8.2% 38.0% 90.16%
3 Yr -6.1%* -11.7% 11.8% 83.31%
5 Yr -0.1%* -5.2% 11.7% 92.95%
10 Yr N/A* -1.9% 6.5% N/A

* Annualized

Total Return Ranking - Calendar

Period UEMPX Return Category Return Low Category Return High Rank in Category (%)
2023 8.2% -1.0% 42.0% 75.14%
2022 -26.0% -42.2% 1.9% 74.78%
2021 -10.0% -32.5% 33.1% 90.22%
2020 23.8% -20.0% 81.6% 31.66%
2019 N/A 2.3% 42.0% N/A

NAV & Total Return History


UEMPX - Holdings

Concentration Analysis

UEMPX Category Low Category High UEMPX % Rank
Net Assets 439 M 682 K 103 B 52.48%
Number of Holdings 40 2 7534 94.89%
Net Assets in Top 10 237 M 290 K 23.8 B 41.99%
Weighting of Top 10 50.25% 2.9% 101.1% 5.11%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co. Ltd. 10.02%
  2. Tencent Holdings Ltd. 7.83%
  3. Ping An Insurance Group Co. of China Ltd. 5.06%
  4. Samsung Electronics Co. Ltd. 4.79%
  5. HDFC Bank Ltd. 4.61%
  6. Reliance Industries Ltd. 4.17%
  7. PDD Holdings, Inc. 3.96%
  8. Axis Bank Ltd. 3.40%
  9. SK Hynix, Inc. 3.33%
  10. China Mengniu Dairy Co. Ltd. 3.09%

Asset Allocation

Weighting Return Low Return High UEMPX % Rank
Stocks
96.18% 0.00% 103.28% 68.09%
Cash
1.98% -2.03% 100.35% 46.67%
Preferred Stocks
1.84% 0.00% 13.31% 29.65%
Other
0.00% -1.11% 39.53% 83.69%
Convertible Bonds
0.00% 0.00% 7.40% 83.29%
Bonds
0.00% 0.00% 95.13% 85.39%

Stock Sector Breakdown

Weighting Return Low Return High UEMPX % Rank
Technology
29.15% 0.00% 47.50% 13.94%
Financial Services
28.66% 0.00% 48.86% 7.18%
Consumer Cyclical
12.08% 0.00% 48.94% 48.99%
Consumer Defense
8.54% 0.00% 25.90% 24.57%
Energy
7.84% 0.00% 24.80% 11.21%
Communication Services
6.20% 0.00% 39.29% 80.46%
Basic Materials
3.66% 0.00% 30.03% 81.61%
Healthcare
1.96% 0.00% 16.53% 81.90%
Real Estate
1.91% 0.00% 17.15% 41.81%
Utilities
0.00% 0.00% 39.12% 95.11%
Industrials
0.00% 0.00% 43.53% 99.57%

Stock Geographic Breakdown

Weighting Return Low Return High UEMPX % Rank
Non US
87.86% 0.00% 100.52% 42.84%
US
8.32% 0.00% 100.95% 54.47%

UEMPX - Expenses

Operational Fees

UEMPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.03% 29.98% 60.03%
Management Fee 0.89% 0.00% 2.00% 50.85%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.85% 37.21%

Sales Fees

UEMPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

UEMPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

UEMPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.00% 0.00% 189.00% 47.55%

UEMPX - Distributions

Dividend Yield Analysis

UEMPX Category Low Category High UEMPX % Rank
Dividend Yield 2.21% 0.00% 9.74% 37.87%

Dividend Distribution Analysis

UEMPX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

UEMPX Category Low Category High UEMPX % Rank
Net Income Ratio 0.73% -1.98% 17.62% 49.04%

Capital Gain Distribution Analysis

UEMPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

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UEMPX - Fund Manager Analysis

Managers

Geoffrey Wong


Start Date

Tenure

Tenure Rank

Dec 10, 2015

6.48

6.5%

Geoffrey Wong is Head of Global Emerging Markets and Asia Pacific Equities and a Managing Director at UBS Asset Management. Mr. Wong has been an investment professional with UBS Asset Management since 1997.

Gabriel Csendes


Start Date

Tenure

Tenure Rank

Dec 10, 2015

6.48

6.5%

Gabriel Csendes is a portfolio manager within the Global Emerging Markets and Asia Pacific Equities team and a Managing Director at UBS Asset Management. Mr. Csendes has been an investment professional with UBS Asset Management since 1999.

Shou-Pin Choo


Start Date

Tenure

Tenure Rank

Dec 10, 2015

6.48

6.5%

Choo Shou Pin is a Portfolio Manager,Managing Director and Technology sector Analyst within the Global Emerging Markets and Asia Pacific Equities team. He is member of the Global Emerging Markets Strategy Committee and is based in Singapore. Choo Shou Pin is also the research coordinator for Asia ex Japan. Prior to joining UBS Asset Management in 2000, Choo Shou Pin managed Asian equities at AIB Govett in Singapore. Previous industry experience includes positions as a central dealer and performance measurement specialist. Mr. Choo earned an M.A. with honors from Oxford University and an M.B.A. from Nanyang Technological University.

Urs Antonioli


Start Date

Tenure

Tenure Rank

Dec 10, 2015

6.48

6.5%

Urs Antonioli is Head of Emerging Europe, and Middle East and Latin America Equities and a Managing Director at UBS Asset Management. Mr. Antonioli has been an investment professional with UBS Group AG since 1994.

Manish Modi


Start Date

Tenure

Tenure Rank

Dec 10, 2015

6.48

6.5%

Manish Modi is a portfolio manager within the Global Emerging Markets and Asia Pacific Equities team and a Managing Director at UBS Asset Management. Mr. Modi has been an investment professional with UBS Asset Management since 2004. Prior to that, Manish was Head of Research for Asian equities at Pioneer Investment Management in Singapore. He joined Pioneer’s Emerging Markets team in Boston in 1994, where he managed funds focussing on Pan Asia, Global Emerging Markets and India. Manish began his career at the World Bank in Washington DC, analysing the impact of developmental aid in South Asia.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.67 13.42