UBAM Absolute Return Low Vol Fixed Income UPHC Acc

Buy/Sell Price  (as of 10/08/2018) £102.81   Day Change :  0.02%     Fund Code:  UMUBA 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

Fidelity Personal Investing's View

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Investment HouseUnion Bancaire Privée
Fund ProviderUBP Asset Management (Europe) S.A.
ManagerChristel Rendu de Lint  

Fund Objective The Fund seeks to grow your capital and generate income primarily by investing in any kind of bonds, money market instruments, fixed income and currency derivatives. The Fund may invest up to 40 percent of its nets assets in transferable securities of emerging countries or 50 percent of its nets assets in high yield products. The Fund is allowed to invest without limits in currencies other than its base currency Euro. These investments will be hedged so that the currency risk is limited to 30 percent of the nets assets of the Fund. High yield products are issued by companies whose business is more sensitive to the economic cycle and whose bonds pay higher interest. The Fund consists of a portfolio that is actively managed on a discretionary basis and broadly diversified. The value of the Fund is calculated and denominated in Euros. For share classes in other currencies, the currency risk in relation to the Euro is hedged. Investors in the Fund can redeem their units on any business day in Luxembourg, although we recommend a holding period of at least three years. Any income received by the Fund is reinvested for the capitalisation share class. In normal market conditions, it is expected that the annualized volatility will be below 2%. This annualized volatility is a goal that the Investment Manager will strive to achieve under normal market conditions and cannot be guaranteed.

Key Statistics

Fund Status
12-Month NAV High £103.26
12-Month NAV Low £102.57
Fund Comparative Index -
Morningstar CategoryTMGlobal Flexible Bond - GBP Hedged
Dividend FrequencyYearly

Annual Charges

Morningstar ratings

 as of  30/06/2018
Overall1 star
3 Years2 star
5 Years1 star
10 YearsN/A

One or more funds cannot be shown as they have less than one year of performance data.

Growth of £1000 Help

 as of  10/08/2018

Past Performance (%) Help

as of 

This Fund


Fund versus Morningstar Category

Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

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