OVHaiLLM/Flipper huggingface dataset:
# Portfolio management representatives
Nicole Goldberger Gian A. Plebani Hubert Krassnitzer
Net asset value (CAD, 30.09.2021)17.04
Last 12 months (CAD) – high17.51
– low14.30
| Total fund assets (CAD m) |  | 519.61 |
| --- | --- | --- |
| Share class assets (CAD m) |  | 15.80 |
|  |  |  |
|  | 3 years | 5 years |
| Volatility 1 – Fund | 11.82% | 9.42% |
| Sharpe ratio | 0.54 | 0.69 |
| Risk free rate | 1.00% | 1.01% |
| 1  Annualised standard deviation |  |  |

1 ¦ 2
Investment instrument exposure (%)	10 largest direct equity positions (%)
Microsoft Corp2.43
Amazon.com Inc1.83
Apple Inc1.22
Alphabet Inc1.16
AstraZeneca PLC0.94
salesforce.com Inc0.73
ASML Holding NV0.71
AbbVie Inc0.67
AXA SA0.63
Visa Inc0.60
Currency exposure (%)
| hedged |
| --- |
| CAD |  | 98.5 |
|  |
| JPY | 3.3 |
| CHF	-3.3 |  |
| TWD	-3.2 |  |
| USD	-3.2 |  |

Benefits
The fund's investment weightings can be flexibly adjusted in line with the latest market expectations.
The broad weighting ranges give the portfolio managers considerable scope to exploit attractive opportunities.
An efficient portfolio with an optimised risk-return profile can be put together thanks to its global diversification and high flexibility.
2
| hedged |
| --- |
| BRL |  | 3.1 |
|  |
| NOK |  | .2 |
|  |
| INR | 2.0 |
| EUR | 2.0 |
| DIV	-1.3 |  |

Translation (ENFR, 2021-09-30):
# Représentants de la gestion du portefeuille
Nicole Goldberger Gian A. Plebani Hubert Krassnitzer
1 ¦ 2
UBS Global Allocation (EUR) (CAD hedged) P-acc
Pondérations des instruments de placement (%)	Les dix premiers placements directs en actions (%)
Pondérations des monnaies (%)
| après couverture |
| --- |
| CAD |  | 98.5 |
|  |
| JPY | 3.3 |
| CHF	-3.3 |  |
| TWD	-3.2 |  |
| USD	-3.2 |  |

Atouts
La pondération des placements du fonds peut être ajustée de manière souple aux attentes actuelles du marché.
Les fourchettes de pondération larges offrent aux gestionnaires de portefeuille une importante marge de manuvre pour tirer parti d'opportunités attrayantes.
Grâce à une diversification mondiale et à une grande souplesse, le portefeuille est efficace et optimise le profil risque-rendement.
Microsoft Corp2.43
Amazon.com Inc1.83
Apple Inc1.22
Alphabet Inc1.16
AstraZeneca PLC0.94
| salesforce.com Inc | 0.73 |
| --- | --- |
| ASML Holding NV | 0.71 |
| AbbVie Inc | 0.67 |
| AXA SA | 0.63 |
| Visa Inc | 0.60 |

| après couverture |
| --- |
| BRL |  | 3.1 |
|  |
| NOK |  | .2 |
|  |
| INR | 2.0 |
| EUR | 2.0 |
| DIV	-1.3 |  |

2
| hedged |
| --- |
| CAD |  | 98.5 |
|  |
| JPY | 3.3 |
| CHF	-3.3 |  |
| TWD	-3.2 |  |
| USD	-3.2 |  |

Translation (ENFR, 2021-09-30):
| après couverture |
| --- |
| CAD |  | 98.5 |
|  |
| JPY | 3.3 |
| CHF	-3.3 |  |
| TWD	-3.2 |  |
| USD	-3.2 |  |
| hedged |
| --- |
| BRL |  | 3.1 |
|  |
| NOK |  | .2 |
|  |
| INR | 2.0 |
| EUR | 2.0 |
| DIV	-1.3 |  |

Translation (ENFR, 2021-09-30):
| après couverture |
| --- |
| BRL |  | 3.1 |
|  |
| NOK |  | .2 |
|  |
| INR | 2.0 |
| EUR | 2.0 |
| DIV	-1.3 |  |
# Portfolio management representatives
Jade Fu Matthew Bance Kenly Wong
Before making any investment decisions, we recommend that you read the Key Investor Information Document (KIID) and Prospectus, which are available at: www.ubs.com/espanafondos.
1 ¦ 3

Translation (ENFR, 2022-09-30):
# Représentants de la gestion du portefeuille
Jade Fu Matthew Bance Kenly Wong
Valeur d'inventaire (USD, 30.09.2022)66.75
12 derniers mois (USD) – maximum97.68
| – minimum |  | 66.60 |
| --- | --- | --- |
| Fortune totale du fonds (USD en mio.) |  | 20.07 |
| Part de la fortune du fonds (USD en millions) |  | 0.64 |
|  |  |  |
|  | 3 ans | 5 ans |
| Volatility 1 – Fund | 15.79% | 13.90% |
| Sharpe ratio | -0.58 | -0.48 |
| Risk free rate | 0.69% | 1.26% |
| 1  Ecart-type annualisé |  |  |

1 ¦ 3
| 5 largest equity positions (%) |  |  | 5 largest bond issuers (%) |  |
| --- | --- | --- | --- | --- |
|  | Fund |  |  | Fund |
| Taiwan Semiconductor Manufacturing Co Ltd | 2.72 |  | NETWORK I2I LTD 5.65% 04/15/2025 | 1.16 |
| RELIANCE INDUSTRIES LTD | 2.04 |  | SHRIRAM TRANSPORT FIN 4.4% 03/13/2024 | 1.15 |
| Link REIT | 1.55 |  | KASIKORNBANK PCL HK5.275000 | 1.12 |
| HDFC Bank Ltd | 1.32 |  | BANK OF COMMUNICATION HK 2.304% 07/08/2031 | 1.11 |
| CapitaLand Integrated Commercial Trust | 1.10 |  | BANK OF EAST ASIA LTD5.825000 | 1.11 |

Translation (ENFR, 2022-09-30):
| 5 principales positions en actions (%) |  |  | 5 principaux émetteurs obligataires (%) |  |
| --- | --- | --- | --- | --- |
|  | Fonds |  |  | Fonds |
| Taiwan Semiconductor Manufacturing Co Ltd | 2.72 |  | NETWORK I2I LTD 5.65% 04/15/2025 | 1.16 |
| RELIANCE INDUSTRIES LTD | 2.04 |  | SHRIRAM TRANSPORT FIN 4.4% 03/13/2024 | 1.15 |
| Link REIT | 1.55 |  | KASIKORNBANK PCL HK5.275000 | 1.12 |
| HDFC Bank Ltd | 1.32 |  | BANK OF COMMUNICATION HK 2.304% 07/08/2031 | 1.11 |
| CapitaLand Integrated Commercial Trust | 1.10 |  | BANK OF EAST ASIA LTD5.825000 | 1.11 |
### Benefits
The portfolio features companies that offer above-average growth potential compared to the overall market.
The portfolio seeks to diversify its risk across Elite, Classic, and Cyclical growth companies.
The fund is managed by a specialist growth investment team that has many years of success in managing investments.

Translation (ENFR, 2023-01-31):
### Atouts
Le portefeuille vise des entreprises qui offrent un potentiel de croissance supérieur à la moyenne par rapport à l’ensemble du marché.
Le portefeuille cherche à diversifier le risque entre les sociétés de croissance d’élite, classiques et cycliques.
La gestion du fonds est confiée à une équipe spécialisée dans l’investissement de croissance qui compte de nombreuses années de succès dans la gestion des placements.
# Additional information
- It harnesses the research and views of UBS GWM CIO who dynamically adapt the asset allocation to best reflect income and long-term return opportunities available through the market cycle.
- Foreign currencies are largely hedged versus the reference currency. Nevertheless, an active currency strategy is applied if opportunities are seen.
- The fund invests without any benchmark restrictions. The performance of the fund is not benchmarked against an index.

Translation (ENFR, 2022-09-30):
# Informations supplémentaires
- Il s’appuie sur l’analyse financière et les opinions d’UBS GWM CIO, qui adaptent de manière dynamique l’allocation d’actifs pour refléter au mieux les opportunités de revenus et de rendement à long terme qui s’offrent tout au long du cycle du marché.
- Les monnaies étrangères sont largement couvertes face à la monnaie de référence. Toutefois, une stratégie de change active est appliquée si des opportunités sont décelées.
- Le fonds investit sans restrictions liées à l’indice de référence. La performance du fonds n’est pas étalonnée par rapport à un indice.
# Portfolio management representatives
Matthew Iannucci Anders Nelson Anais Brunner
UBS Bond USD High Yield I-A1-acc
Credit quality (%)	5 largest positions (%)
Structure of maturities (%)
| Until 1 year | 3.77 |  |  | +1.8 |
| --- | --- | --- | --- | --- |
| 1–3 years | 12.49 | -5.8 |  |  |  |
|  |
| 3–5 years | 34.23 |  |  |  | +5.0 |
|  |
| More than 5 years | 49.51 |  | -1.0 |  |

Benefits
Clients benefit from the return potential of corporate bonds, which is higher than that of government bonds.
Active portfolio management ensures that particular attention is paid to the prevailing economic situation, sector selection and issuers' credit ratings.
Risk is kept in check via meticulous company analysis and broad diversification of the portfolio.

Translation (ENFR, 2023-01-31):
# Représentants de la gestion du portefeuille
Matthew Iannucci Anders Nelson Anais Brunner
| B+ | 22.55 | +7.0 |
| --- | --- | --- |
| B | 15.14 |  | +2.2 |
| B- | 10.77 |  | +0.7 |
| CCC&lower | 8.03 | -2.8 |  |
| NR | 0.00 |  |  |
| Cash&Equivalents | -3.37 | -4.0 |  |

Qualité du crédit (%)	5 principales positions (%)
Structure des échéances (%)
| A 1 année | 3.77 |  |  | +1.8 |
| --- | --- | --- | --- | --- |
| 1–3 ans | 12.49 | -5.8 |  |  |  |
|  |
| 3–5 ans | 34.23 |  |  |  | +5.0 |
|  |
| Plus de 5 ans | 49.51 |  | -1.0 |  |

Atouts
Le client profite du potentiel de rendement des obligations d'entreprise, qui dépasse celui des emprunts d'Etat.
La gestion active du portefeuille garantit que la situation économique actuelle, la sélection sectorielle et la solvabilité des émetteurs font l'objet d'une attention particulière.
Le risque est maintenu dans des limites au moyen d'une analyse minutieuse des entreprises et d'une large diversification du portefeuille.
# Investment instruments and currencies (%)	10 largest equity positions (%)
|  | Cash + Bonds | Equities | Total | Total 1 |  |  | Fund |
| --- | --- | --- | --- | --- | --- | --- | --- |
| AUD | 0.0 | -0.2 | -0.2 | 2.0 |  | TAIWAN SEMICON MAN TWD10 | 1.75 |
| CAD | 0.0 | -0.4 | -0.4 | 0.0 |  | SAMSUNG ELECTRONIC KRW100 | 1.03 |
| CHF | 0.0 | 1.0 | 1.0 | 0.0 |  | PING AN INSURANCE 'H'CNY1 | 0.81 |
| CNY | 0.0 | 12.1 | 12.1 | 12.8 |  | MEITUAN USD0.00001 (A & B CLASS) | 0.79 |
| DKK | 0.0 | 0.2 | 0.2 | -0.1 |  | MICROSOFT CORP COM USD0.0000125 | 0.76 |
| EUR | -0.2 | 5.1 | 4.9 | 0.8 |  | JD.COM INC USD0.00002 | 0.73 |
| GBP | 0.0 | 4.2 | 4.2 | 3.4 |  | TENCENT HLDGS LIMI HKD0.00002 | 0.73 |
| HKD | 0.0 | 1.2 | 1.2 | 0.9 |  | RELIANCE INDS INR10(100%DEMAT) | 0.66 |
| INR | 0.0 | 4.2 | 4.2 | 4.2 |  | SK HYNIX INC KRW5000 | 0.62 |
| JPY | -0.3 | 2.8 | 2.5 | 3.1 |  | KWEICHOW MOUTAI 'A'CNY1 | 0.61 |
| KRW | 0.0 | 3.6 | 3.6 | 3.6 |  | 5 largest bond issuers (%) |  |
| MYR | 0.0 | -1.4 | -1.4 | -1.1 |  |  | Fund |
| SEK | 0.0 | -0.2 | -0.2 | 0.0 |  | United States Treasury Note/Bond | 2.49 |
| SGD | 0.0 | -0.3 | -0.3 | -0.2 |  | United States Treasury Inflation Indexed Bonds | 2.17 |
| TWD | 0.0 | 5.0 | 5.0 | 5.0 |  | United States Treasury Inflation Indexed Bonds - When Issued | 0.67 |
| USD | 51.1 | 6.5 | 57.6 | 59.0 |  | Indonesia Government International Bond | 0.53 |
| DIV | 0.1 | 6.1 | 6.2 | 6.6 |  | Philippine Government International Bond | 0.42 |
| Total | 50.7 | 49.5 | 100.2 | 100.0 |  |  |  |

1 
incl. currency hedging

Translation (ENFR, 2023-01-31):
# Instruments de placement et monnaies (%)	10 principales positions en actions (%)
|  | Liquidités + Obligations | Actions | Total | Total 1 |  |  | Fonds |
| --- | --- | --- | --- | --- | --- | --- | --- |
| AUD | 0.0 | -0.2 | -0.2 | 2.0 |  | TAIWAN SEMICON MAN TWD10 | 1.75 |
| CAD | 0.0 | -0.4 | -0.4 | 0.0 |  | SAMSUNG ELECTRONIC KRW100 | 1.03 |
| CHF | 0.0 | 1.0 | 1.0 | 0.0 |  | PING AN INSURANCE 'H'CNY1 | 0.81 |
| CNY | 0.0 | 12.1 | 12.1 | 12.8 |  | MEITUAN USD0.00001 (A & B CLASS) | 0.79 |
| DKK | 0.0 | 0.2 | 0.2 | -0.1 |  | MICROSOFT CORP COM USD0.0000125 | 0.76 |
| EUR | -0.2 | 5.1 | 4.9 | 0.8 |  | JD.COM INC USD0.00002 | 0.73 |
| GBP | 0.0 | 4.2 | 4.2 | 3.4 |  | TENCENT HLDGS LIMI HKD0.00002 | 0.73 |
| HKD | 0.0 | 1.2 | 1.2 | 0.9 |  | RELIANCE INDS INR10(100%DEMAT) | 0.66 |
| INR | 0.0 | 4.2 | 4.2 | 4.2 |  | SK HYNIX INC KRW5000 | 0.62 |
| JPY | -0.3 | 2.8 | 2.5 | 3.1 |  | KWEICHOW MOUTAI 'A'CNY1 | 0.61 |
| KRW | 0.0 | 3.6 | 3.6 | 3.6 |  | 5 principaux émetteurs obligataires (%) |  |
| MYR | 0.0 | -1.4 | -1.4 | -1.1 |  |  | Fonds |
| SEK | 0.0 | -0.2 | -0.2 | 0.0 |  | United States Treasury Note/Bond | 2.49 |
| SGD | 0.0 | -0.3 | -0.3 | -0.2 |  | United States Treasury Inflation Indexed Bonds | 2.17 |
| TWD | 0.0 | 5.0 | 5.0 | 5.0 |  | United States Treasury Inflation Indexed Bonds - When Issued | 0.67 |
| USD | 51.1 | 6.5 | 57.6 | 59.0 |  | Indonesia Government International Bond | 0.53 |
| DIV | 0.1 | 6.1 | 6.2 | 6.6 |  | Philippine Government International Bond | 0.42 |
| Total | 50.7 | 49.5 | 100.2 | 100.0 |  |  |  |

1 
y inclus la couverture du risque de change
# Market exposure (%)	Sector exposure (%)
|  | Utility | 0.0 |  |
| --- | --- | --- | --- |
| 10 largest equity positions (%) |  |  |  |  |
|  | Fund |  |  |  | Fund |
| TAIWAN SEMICONDUCTOR TWD10 | 9.79 |  | RELIANCE INDUSTRIES LTD INR10 |  | 3.29 |
| SAMSUNG ELECTRONICS KRW5000 | 6.13 |  | BANK MANDIRI IDR500 |  | 3.14 |
| MEDIATEK INC TWD10 | 4.58 |  | HDFC BANK LIMITED |  | 3.03 |
| TENCENT HOLDINGS LTD | 4.42 |  | MEITUAN-CLASS B |  | 2.82 |
| SK HYNIX INC | 4.36 |  | KWEICHOW MOUTAI CO LTD A |  | 2.81 |

Benefits
Easy access to the Asian equity markets (excluding Japan) The fund benefits from the knowledge of an experienced investment team based across Asia with local market expertise.
The fund managers can also tap into the knowledge and experience of a network of equity analysts around the globe. Investors benefit from the fact that UBS is one of the few asset managers with a truly global investment platform.

Translation (ENFR, 2021-12-31):
# Exposition aux marchés (%)	Exposition sectorielle (%)
|  | Utilité | 0.0 |  |
| --- | --- | --- | --- |
| 10 principales positions en actions (%) |  |  |  |  |
|  | Fonds |  |  |  | Fonds |
| TAIWAN SEMICONDUCTOR TWD10 | 9.79 |  | RELIANCE INDUSTRIES LTD INR10 |  | 3.29 |
| SAMSUNG ELECTRONICS KRW5000 | 6.13 |  | BANK MANDIRI IDR500 |  | 3.14 |
| MEDIATEK INC TWD10 | 4.58 |  | HDFC BANK LIMITED |  | 3.03 |
| TENCENT HOLDINGS LTD | 4.42 |  | MEITUAN-CLASS B |  | 2.82 |
| SK HYNIX INC | 4.36 |  | KWEICHOW MOUTAI CO LTD A |  | 2.81 |

Atouts
Accès simple aux marchés asiatiques des actions (hors Japon). Le fonds tire parti du savoir-faire d’une équipe de placement chevronnée basée en Asie au bénéfice de bonnes connaissances du marché local.
Les gérants de fonds peuvent également mettre à profit les compétences et l’expérience d’un réseau d’analystes en actions à travers le monde.
Les investisseurs profitent du fait qu'UBS est l'un des rares gestionnaires de fortune offrant véritablement une plateforme de placement d'envergure mondiale.
# Fund description
- Equity fund focused on active stock selection, sector and country allocation within Asia.
- The fund invests in selected Asian companies over the full market capitalization spectrum.
- Broad exposure to the Asian market is ensured via diversification across various countries and sectors.
- Investment decisions are based on a disciplined investment philosophy and fundamental research.
- The exchange rate risk between USD and EUR is largely hedged.

Translation (ENFR, 2021-12-31):
# Portrait du fonds
- Fonds en actions basé sur une sélection de titres et une allocation sectorielle et géographique dynamiques en Asie.
- Le fonds investit dans une sélection d'entreprises asiatiques toutes capitalisations boursières confondues.
- La diversification par pays par secteurs garantit une large couverture du marché asiatique.
- Les décisions d’investissement reposent sur une philosophie de placement et une recherche fondamentale rigoureuses.
- Le risque de change entre USD et EUR est largement couvert.
|  |  |  |  |
| --- | --- | --- | --- |
| 2  As of 31.12.2022 | Last 12 months (USD) – high |  | 119.93 |
|  | – low |  | 97.51 |
|  | Total fund assets (USD m) |  | 486.81 |
|  | Share class assets (USD m) |  | 50.02 |
|  |  |  |  |
|  |  | 3 years | 5 years |
|  | Volatility 1 – Fund | 14.09% | n.a. |
|  | Sharpe ratio | -0.04 | n.a. |
|  | Risk free rate | 0.94% | n.a. |
|  | 1  Annualised standard deviation |  |  |

Translation (ENFR, 2023-01-31):
|  |  |  |  |
| --- | --- | --- | --- |
| 1  au 14.02.2022.Les frais courants incluent la commission de gestion. 2  Au 31.12.2022 | 12 derniers mois (USD) – maximum |  | 119.93 |
|  | – minimum |  | 97.51 |
|  | Fortune totale du fonds (USD en mio.) |  | 486.81 |
|  | Part de la fortune du fonds (USD en millions) |  | 50.02 |
|  |  |  |  |
|  |  | 3 ans | 5 ans |
|  | Volatility 1 – Fund | 14.09% | n.d. |
|  | Sharpe ratio | -0.04 | n.d. |
|  | Risk free rate | 0.94% | n.d. |
|  | 1  Ecart-type annualisé |  |  |
# Fund description
- The actively managed fund targets steady income streams and a medium to high income. Main sources of income are interest payments from fixed income, dividends from equities and option premiums.
- The fund invests globally and dynamically across asset classes and has a medium to high risk profile.

Translation (ENFR, 2023-01-31):
# Portrait du fonds
- Le fonds géré de manière active cible un flux régulier de revenus, de sorte à totaliser un revenu moyen à élevé. Les principales sources de revenus sont les intérêts versés sur les emprunts, les dividendes issus des actions et les primes d’options.
- Le fonds investit à l’international et de manière dynamique dans toutes les classes d’actifs et présente un profil de risque moyen à élevé.
# Benefits
Multi-asset income strategy that harvests income from a global diversified range of asset classes.
Compared to single asset classes, a diversified multi asset portfolio can provide more stable income and an improved risk-adjusted performance.
A dynamically-managed, UBS GWM CIO aligned asset allocation can better navigate risk and opportunities throughout the course of a market cycle.

Translation (ENFR, 2023-01-31):
# Atouts
Une stratégie multi-actifs qui tire ses revenus d’un large éventail de classes d’actifs mondialement diversifiées. Comparé à une seule classe d’actifs, un portefeuille multi- actifs diversifié peut offrir un revenu plus stable et une meilleure performance corrigée du risque.
Une allocation d’actifs gérée dynamiquement et alignée sur UBS GWM CIO permet de mieux affronter les risques et saisir les opportunités tout au long du cycle du marché.
## Fund description
- The fund mainly invests in bonds issued by sovereigns of emerging economies but also considers issues from companies which have their registered offices in emerging markets or are principally active in emerging markets.
- The fund’s investment focus is on emerging market bonds denominated in local currencies.
- The fund actively manages currency exposure, country and security selection, yield curve positioning, and duration.

Translation (ENFR, 2021-12-31):
## Portrait du fonds
- Ce fonds investit principalement dans les emprunts d’Etats émergents tout en prenant en considération les émissions de sociétés qui ont leur siège social dans des pays émergents ou dont l’activité est majoritairement axée sur ces pays.
- Les placements du fonds sont centrés sur les obligations des marchés émergents libellées en monnaies locales.
- Le fonds gère activement le risque de change, l’allocation géographique et la sélection des
# Fund description
- UBS O’Connor Event Driven UCITS Fund is a Global Event Driven Multi-Strategy fund investing in hard catalyst situations. The Fund actively allocates across Merger Arbitrage, Capital Structure Arbitrage and SPAC arbitrage sub- strategies.
- Each of the sub-strategies have historically low beta to equity markets and have produced returns with low correlation among each other.
- Event Driven investing has been a core strategy of UBS O’Connor since the firm’s inception in

Translation (ENFR, 2023-01-31):
# Portrait du fonds
- L’UBS O’Connor Event Driven UCITS Fund est un fonds multi-stratégies mondial Event Driven investissant dans des événements catalyseurs« hard ». Le Fonds applique une allocation active entre les sous-stratégies Merger Arbitrage, Capital Structure Arbitrage et SPAC Arbitrage.
- Chacune de ces sous-stratégies présente un bêta historiquement faible par rapport aux marchés d’actions et génère des rendements affichant une faible corrélation entre elles.
- L’investissement Event Driven est une stratégie
# Market exposure (%)	Sector exposure (%)
United States80.23
Canada4.53
Sweden3.53
Others3.05
France2.19
Ireland2.02
Japan1.38
Taiwan1.04
Switzerland1.02
Others1.01
Industrials17.48
Health care15.64
Financials11.92
Communication Services9.80
Information Technology9.37
Consumer Discretionary7.25
Government6.22
Real estate6.14
Materials4.46
Others11.72

Translation (ENFR, 2023-01-31):
# Exposition aux marchés (%)	Exposition sectorielle (%)
Etats-Unis80.23
Canada4.53
Suède3.53
Others3.05
France2.19
Irlande2.02
Japon1.38
République de Chine (Taïwan)1.04
Suisse1.02
Autres1.01
Industrie17.48
Santé/soins corporels15.64
Financials11.92
Services de communication9.80
Technologie de l`information9.37
Autres biens de consommation7.25
Etat6.22
Biens immobiliers6.14
Matériels4.46
Autres11.72
# 10 largest positions (%)
ACTIVISION BLIZZARD INC5.86
HORIZON THERAPEUTICS PLC5.76
STORE CAPITAL CORP5.50
AMERICAN AIRLINES GROUP INC3.97
SHAW COMMUNICATIONS INC3.26
FIRST HORIZON CORP3.16
LHC GROUP INC2.86
COUPA SOFTWARE INC2.39
VALVOLINE INC2.28
SIGNIFY HEALTH INC2.21

Translation (ENFR, 2023-01-31):
# 10 principales positions (%)
ACTIVISION BLIZZARD INC5.86
HORIZON THERAPEUTICS PLC5.76
STORE CAPITAL CORP5.50
AMERICAN AIRLINES GROUP INC3.97
SHAW COMMUNICATIONS INC3.26
FIRST HORIZON CORP3.16
LHC GROUP INC2.86
COUPA SOFTWARE INC2.39
VALVOLINE INC2.28
SIGNIFY HEALTH INC2.21
# Benefits
The feeder fund invests in a Master Fund which accesses the aforementioned strategies by means of direct investments into underlying securities.
The subfund offers weekly liquidity.
Investors benefit from the hedge fund value proposition, namely taking advantage of investment opportunities while controlling downside risk.

Translation (ENFR, 2023-01-31):
# Atouts
Le fonds nourricier investit dans un fonds maître qui accède aux stratégies susmentionnées par le biais d’investissements directs dans des titres sous-jacents.
Le compartiment offre une liquidité hebdomadaire.
Les investisseurs profitent de la proposition de valeur des hedge funds, à savoir profiter des opportunités d’investissement tout en contrôlant le risque de baisse.
# Portfolio management representatives
Sebastian Richner Roland Kramer Daniel Hammar
Before making any investment decisions, we recommend that you read the Key Investor Information Document (KIID) and Prospectus, which are available at: www.ubs.com/espanafondos.
1 ¦ 3

Translation (ENFR, 2022-09-30):
# Représentants de la gestion du portefeuille
Sebastian Richner Roland Kramer Daniel Hammar
Part de la fortune du fonds (USD en millions)3.84
|  | 3 ans | 5 ans |
| --- | --- | --- |
| Volatility 1 – Fund | 12.07% | 10.70% |
| Sharpe ratio | -0.22 | -0.19 |
| Risk free rate | 0.69% | 1.26% |
| 1  Ecart-type annualisé |  |  |

1 ¦ 3
## Fund Statistics
Net asset value (EUR, 31.12.2021)13 284.06
Last 12 months (EUR) – high14 301.19
– low13 081.68
Total fund assets (EUR m)

Translation (ENFR, 2021-12-31):
## Statistiques du fonds
Valeur d'inventaire (EUR, 31.12.2021)13 284.06
12 derniers mois (EUR) – maximum14 301.19
– minimum13 081.68
Fortune totale du fonds (EUR en mio.)
# Portfolio management representatives
Gian A. Plebani Matthew Bance Kenly Wong
1 ¦ 2
| 1  This is only applicable to the USD Credit allocation. |  |  | Physical Cash | 3.04 |
| --- | --- | --- | --- | --- |
|  |  |  | Synthetic Cash | -2.03 |
|  |  |  | Total | 100.00 |
|  |  |  | Offshore China Bonds | 0.00 |
| Top 5 stock holdings 1 |  |  | 5 largest bond holdings (%) 1 |  |
|  | Fund |  |  | Fund |
| Tencent Holdings Ltd | 5.68 |  | BANK OF COMMUNICATION HK 2.304% 07/08/2026 | 0.97 |
| Kweichow Moutai Co Ltd | 4.69 |  | WHEELOCK MTN BVI LTD 2.375% 01/25/2026 | 0.94 |
| Alibaba Group Holding Ltd | 3.14 |  | CNAC HK FINBRIDGE CO LTD 3% 09/22/2030 | 0.94 |
| China Merchants Bank Co Ltd | 2.15 |  | MEITUAN 3.05% 10/28/2030 | 0.79 |
| Ping An Insurance Group Co of China Ltd | 2.02 |  | CMB INTERNATIONAL LEASIN 2.75% 08/12/2030 | 0.78 |
| 1  Include lookthrough of ETF's and futures. |  |  | 1  Include lookthrough of ETF's and futures. |  |

Translation (ENFR, 2021-09-30):
# Représentants de la gestion du portefeuille
Gian A. Plebani Matthew Bance Kenly Wong
1 ¦ 2
| 1  This is only applicable to the USD Credit allocation. |  |  | Physical Cash | 3.04 |
| --- | --- | --- | --- | --- |
|  |  |  | Synthetic Cash | -2.03 |
|  |  |  | Total | 100.00 |
|  |  |  | Offshore China Bonds | 0.00 |
| Cinq principales positions en actions (%) |  |  | 5 positions principales en obligations (%) |  |
|  | Fonds |  |  | Fonds |
| Tencent Holdings Ltd | 5.68 |  | BANK OF COMMUNICATION HK 2.304% 07/08/2026 | 0.97 |
| Kweichow Moutai Co Ltd | 4.69 |  | WHEELOCK MTN BVI LTD 2.375% 01/25/2026 | 0.94 |
| Alibaba Group Holding Ltd | 3.14 |  | CNAC HK FINBRIDGE CO LTD 3% 09/22/2030 | 0.94 |
| China Merchants Bank Co Ltd | 2.15 |  | MEITUAN 3.05% 10/28/2030 | 0.79 |
| Ping An Insurance Group Co of China Ltd | 2.02 |  | CMB INTERNATIONAL LEASIN 2.75% 08/12/2030 | 0.78 |