UBS Diversified Fixed Income Fund Performance Review | News

What is the UBS Diversified Fixed Income Fund fund?

UBS Diversified Fixed Income Fund aims to provide investors with access to a diversified market portfolio of Australian and global fixed income assets. Eligible investments of the Fund comprise Australian and international cash and fixed income securities. The Fund may gain its asset sector exposure by investing in UBS managed funds or direct securities and financial derivatives. The fixed income assets of the Fund are predominantly of investment grade quality. Non-investment grade fixed income assets (high yield and emerging market debt) will not exceed 30% of the total portfolio. The Fund may also invest in financial derivatives to gain or reduce exposure to relevant markets and currencies and manage investment risk. The Fund’s strategic foreign currency exposures will not exceed 10% of its total portfolio.

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Latest News & Updates For UBS Diversified Fixed Income Fund

UBS Diversified Fixed Income Fund Fund Commentary September 30, 2023

The portfolio’s overall interest rate positioning delivered negative relative performance over September as global bond markets sold-off.

Our overweight positioning in Australia, New Zealand and US detracted from relative performance as yields rose in the respective markets over the month. Against this, our US 5/30-year steepener position made a positive contribution to relative performance, as did the short Japan 10-year positioning. As European sovereign spreads drifted wider over the course of the month, we also moved to neutralize our underweight position in the European periphery.

Within credit markets, our overweight position in the AUD corporate sector contributed to relative performance over September as spreads tightened.

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Product Snapshot

Performance Review
Product Overview
Peer Comparison
Product Details

Performance Review

Fund Name	Last Month ? Returns after fees in the most recent (last) month).	3 Months Return ? Returns after fees in the most recent 3 months.	1 Year Return ? Trailing 12 month returns.	3 Years Average Return ? Average Annual returns from the last 3 years.	Since Inc. Average Return ? Average (annualised) returns since inception	1 Year Std. Dev. (Annual) ? The standard deviation (or annual volatility) of the last 12 months.	3 Years Std. Dev. (Annual) ? The average standard deviation (or annual volatility) from the last 3 years.	Since Inc. Std. Dev. (Annual) ? The average standard deviation (or annual volatility) since the fund inception.	1 Year Max Drawdown ? The maximum drawdown in the last 12 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.	3 Year Max Drawdown ? The maximum drawdown in the last 36 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.	Since Inc. Max Drawdown ? The maximum drawdown since inception - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
UBS Diversified Fixed Income Fund	0.83%	4.65%	10.08%	-1.28%	4.86%	6.63%	6.78%	3.46%	-2.83%	-13.89%	-15.23%

Product Overview

Fund Name	APIR Code ? A Product Code is unique a identifier code issued by a group or governing body, to reference products in a large group. For an example, APIR codes are commonly used for Funds and Ticker codes are commonly used for Securities such as ETFs and Stocks.	Structure ?	Asset Class ? An Asset Class breakdown provides the percentages of core asset classes found within a mutual fund, exchange-traded fund, or another portfolio. Asset classes (in microeconomics and beyond) generally refer to broad categories such as equities, fixed income, and commodities.	Asset Category ? An Asset Category is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Asset categories (or a sub-asset class) are made up of instruments which often behave similarly to one another in the marketplace, looking down to the Asset Category level is important if looking to build a diversified portfolio.	Peer Benchmark Name ? A Peer Index (benchmark) refers to a peer group of investment managers who have the same investment style or category. It is used to compare the performance of one manager to their peer group, which makes it simpler for investors to choose between the vast number of investment managers.	Broad Market Index ? A Market Index (benchmark) refers to a hypothetical portfolio of investments that represents a segment, asset or category of an investable market. Market Indices are used to benchmark managers performance, to assist their style reliability and ability to provide excess returns.	FUM ? Funds/Assets under management (AUM) is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company.	Management Fee ? A management fee is a charge levied by an investment manager for managing an investment fund. The management fee is intended to compensate the managers for their time and expertise for selecting finanical products and managing the portfolio.	Performance Fee ? A performance fee is a payment made to an investment manager for generating positive returns. This is as opposed to a management fee, which is charged without regard to returns. A performance fee can be calculated many ways. Most common is as a percentage of investment profits, often both realized and unrealized. It is largely a feature of the hedge fund industry, where performance fees have made many hedge fund managers among the wealthiest people in the world.	Spread ? A spread can have several meanings in finance. Basically, however, they all refer to the difference between two prices, rates or yields. In one of the most common definitions, the spread is the gap between the bid and the ask prices of a security or asset, like a stock, bond or commodity. This is known as a bid-ask spread.
UBS Diversified Fixed Income Fund	SBC0007AU	Managed Funds	Fixed Income	Bonds - Global / Australia	Fixed Income - Bonds - Global / Australia Index	Global Aggregate Hdg Index	1.06 BN	0.55%	0.00%	0.1%

Peer Comparison

Fund Name	Peer Index Name ? A group of individuals who share similar characteristics and interests are called peer groups. Peer group analysis is an essential part of assessing a price for a particular stock in investment research. The emphasis here is on making a comparison, meaning that the peer group constituents should be more or less identical to the company being examined, especially in terms of their main business and market capitalization areas.	12 Months Excess Return ? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.	Excess Return Annualised Since Inception ? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.	12 Months Alpha ? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market return over 12 months. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.	Alpha Annualised Since Inception ? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market annualized since inception. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.	12 Months Beta ? Rolling 12Month Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).	Beta Annualised Since Inception ? Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).	12 Months Tracking Error ? 12Month Tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark over the last 12 months. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.	Tracking Error Since Inception ? Since Inception tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark since inception. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.	12 Months Correlation ? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.	Correlation Since Inception ? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
UBS Diversified Fixed Income Fund	Fixed Income - Bonds - Global / Australia Index	1.16%	-0.02%	NA%	NA%	NA%	1.35	1.97%	1.43%	0.99	0.91

Product Details

Fund Name	Verifed by SMSF Mates	Manager Address	Phone	Website	Email
UBS Diversified Fixed Income Fund	Yes		-	https://www.ubs.com/au/en/asset-management.html	-

Product Due Diligence

What is UBS Diversified Fixed Income Fund

UBS Diversified Fixed Income Fund is an Managed Funds investment product that is benchmarked against Global Aggregate Hdg Index and sits inside the Fixed Income - Bonds - Global / Australia Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The UBS Diversified Fixed Income Fund has Assets Under Management of 1.06 BN with a management fee of 0.55%, a performance fee of 0.00% and a buy/sell spread fee of 0.1%.

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Comments from SMSF Mates

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Historical Performance Commentary

Performance Commentary - August 31, 2023

The portfolio’s overall interest rate positioning delivered positive relative performance over August. Our overweight positioning in Australia and New Zealand contributed to relative performance as yields fell across the curve in Australia and also declined in New Zealand. Our US curve steepener was also positive for relative performance, as 30-year US Treasury yields rose by more than 5-year yields, while our short Japan 10-year positioning was flat over the month.

Within credit markets, our overweight position in the AUD corporate sector contributed to relative performance over August as spreads tightened.

Performance Commentary - July 31, 2023

Performance Commentary - June 30, 2023

Performance Commentary - May 31, 2023

Performance Commentary - April 30, 2023

Performance Commentary - February 28, 2023

Performance Commentary - January 31, 2023

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UBS Diversified Fixed Income Fund (SBC0007AU) Report & Performance