ab

Monthly Fund Focus List - General Advisory

April 2023

For Professional Investors in Hong Kong and Accredited Investors in Singapore only.
Please note that this document contains a select list of funds and does not represent the entirety of fund solutions
available in your booking center. Fund availability is subject to change. Please check with your client advisor for
further queries.
Please see important disclaimers at the end of this publication.
Fixed Income
ab
Fixed Income - Total Return
Since 3y² 3y2
Fund name SI5 Reference ISIN3 Ccy Inception YTD¹ 2022 2021 2020 2019 2018
Inception4 Return Volatility
AB American Income 1 LU0095030564 USD 26-10-98 2.27 -13.08 -0.37 4.67 12.28 -1.11 4.93 0.76 7.62

BGF US Dollar Short Duration Bond 1 LU0154237225 USD 31-10-02 1.56 -4.96 -0.77 3.04 4.31 0.61 1.53 0.62 2.87

Capital Group Multi-Sector Income 1 LU2530431480 USD 29-11-22 3.40 3.30

Fidelity Enhanced Reserve 1 IE00BF5GRB76 USD 26-03-18 1.39 -4.55 -1.72 3.17 4.84 0.91 0.12 2.93

JPMorgan Global Bond Opportunities 1 LU0867954264 USD 22-02-13 1.58 -6.77 0.76 7.08 10.23 -2.61 2.94 2.72 5.90

Jupiter Dynamic Bond 1 LU0853555463 USD 30-04-13 3.78 -14.83 0.78 7.09 9.69 -1.23 2.39 -1.11 7.37

M&G (Lux) Optimal Income7 1 LU1670724373 EUR 07-09-18 2.49 -12.30 1.17 1.44 6.81 -4.00 4.17 1.34 8.27

Muzinich Enhancedyield Short-Term 1 IE00B65YMK29 EUR 07-04-09 0.10 -6.30 0.89 1.70 4.20 -2.22 2.44 1.70 3.81

UBS (HK) Credit Income Opportunity HK0000559002 USD 28-02-20 2.43 -13.09 -5.34 -3.96 -0.29 9.92

UBS Global Dynamic Bond 1 LU0891671751 USD 31-05-13 1.41 -5.77 -1.49 4.66 9.80 3.33 2.14 2.20 5.46

Investment Grade
Since 3y² 3y2
Fund name SI5 Reference ISIN3 Ccy Inception YTD¹ 2022 2021 2020 2019 2018
Inception4 Return Volatility
AXA IM US Corporate Intermediate Bonds 1 LU0546067371 USD 30-09-10 1.71 -10.31 -1.51 7.37 9.57 -1.07 2.26 0.10 5.64

JPM US Aggregate Bond 1 LU0210532957 USD 31-03-05 2.69 -12.95 -1.99 7.35 7.93 -0.48 2.91 -2.80 5.51

PIMCO Global Bonds 1 IE00B11XZ210 USD 31-03-06 2.72 -12.18 -2.33 6.70 7.45 0.14 3.27 -1.81 5.30

PIMCO Global IG Credit ESG 2 IE00BKTH5V74 USD 28-02-20 2.42 -15.56 -1.81 -3.74 -1.60 7.56

High Yield & Loans

Since 3y² 3y2
Fund name SI5 Reference ISIN3 Ccy Inception YTD¹ 2022 2021 2020 2019 2018
Inception4 Return Volatility
BlackRock US Dollar High Yield Bond 1 LU0046676465 USD 29-10-93 3.01 -11.99 4.27 5.81 14.28 -3.38 4.41 4.26 8.86

Invesco US Senior Loan 1 LU0258954014 USD 11-08-06 2.58 -2.95 7.78 1.32 7.61 -0.15 3.96 8.45 4.88

6
M&G Global Floating Rate High Yield 1 LU1670723136 USD 21-09-18 4.35 -1.05 5.39 1.02 7.44 0.24 3.27 9.88 6.16

Nordea European High Yield Bond 1 LU0141799501 EUR 04-01-06 0.49 -11.29 1.99 1.28 9.97 -3.76 4.52 2.44 9.07

Asia & Emerging Markets

Since 3y² 3y2
Fund name SI5 Reference ISIN3 Ccy Inception YTD¹ 2022 2021 2020 2019 2018
Inception4 Return Volatility
Fullerton Asian Bond Fund 1 LU0790902711 USD 16-10-12 2.06 -12.51 -3.02 5.98 11.14 -1.35 2.02 -0.80 6.00

JPMorgan Emerging Markets Debt 1 LU0499112034 USD 09-04-10 0.70 -19.36 -3.82 5.07 13.28 -5.96 2.54 -0.41 12.81

PIMCO Asia High Yield Bond 1 IE00BGSXQR19 USD 01-07-20 0.98 -14.81 -11.12 -6.77

PineBridge Asia Pacific Investment Grade Bond Fund 1 IE00BYXSFX61 USD 08-02-17 2.32 -11.34 0.35 7.33 10.98 -0.59 1.90 0.51 6.02

Specialities
Since 3y² 3y2
Fund name SI5 Reference ISIN3 Ccy Inception YTD¹ 2022 2021 2020 2019 2018
Inception4 Return Volatility
Algebris Financial Credit 1 IE00BYR8FS70 EUR 20-07-15 -2.82 -11.50 2.91 10.98 16.31 -8.12 2.89 2.78 10.68

PIMCO Capital Securities 1 IE00BFRSV866 USD 28-10-13 -3.51 -12.32 4.14 5.35 16.38 -5.28 2.98 3.12 10.61

Multi-Asset
Since 3y² 3y2
Fund name SI5 Reference ISIN3 Ccy Inception YTD¹ 2022 2021 2020 2019 2018
Inception4 Return Volatility
Algebris Financial Income 1 IE00BCZNXN11 USD 03-12-13 -0.32 -1.48 19.05 4.67 26.42 -15.81 6.52 17.39 17.99

UBS European Growth and Income 1 LU1038902331 EUR 31-03-14 3.87 -13.45 8.89 3.24 13.81 -6.05 2.74 6.23 9.79

MFS Meridian Prudent Capital 1 LU1442548993 USD 02-11-16 4.55 -14.48 1.02 10.27 12.86 -1.43 3.43 0.24 8.98

UBS Asian Global Strategy Balanced LU0974636200 USD 22-11-13 1.92 -15.85 0.61 11.85 16.16 -9.63 2.33 4.11 11.45

UBS Strategy Fund Balanced Sustainable 2 LU0049785792 USD 01-07-94 3.04 -15.65 7.43 7.93 15.27 -7.04 4.43 6.35 11.24

UBS Dynamic Income LU1917362490 USD 28-01-19 3.49 -14.19 6.42 6.11 2.12 6.25 11.43

UBS Sustainable Investing Fund Balanced 2 LU1852198289 USD 24-09-18 3.28 -15.34 9.61 10.36 17.22 3.10 6.50 10.63

UBS Systematic Allocation Portfolio Medium LU1599186969 USD 31-05-17 2.97 -19.14 10.33 2.57 10.51 -2.56 1.23 1.75 8.13

UBS Multi Asset Emerging Markets Dynamic LU2419937284 USD 18-04-23

For Professional Investors in Hong Kong and Accredited Investors in Singapore only.
Please see important disclaimers at the end of this publication.
Past performance is no indication of future performance. Please consult your Client Advisor on your suitability before making any investment decisions.
Source: Morningstar Direct. Performance for retro-bearing share classes shown.
¹ As of end of Mar 2023 ² Annualized 3 ISINs are for reference only, more share classes are available. 4 Returns for time periods of more than 1 year are annualized. Since Inception time periods are different for each fund. 5SI
refers to Sustainable Investments. 6 Fund performance prior to 21 September 2018 is that of the USD Class A Accumulation of the M&G Global Floating Rate High Yield Fund (a UK-authorized OEIC), which merged into this fund
on 7 December 2018. Tax rates and charges may differ. 7 Fund performance prior to 7 September 2018 is that of the EUR Class A Accumulation of the M&G Optimal Income Fund (a UKauthorised OEIC), which merged into this
fund on 8 March 2019. Tax rates and charges may differ.
Sustainable Investments
Equities, Themes
ab
Global
Since 3y² 3y2
Fund name SI5 Reference ISIN3 Ccy Inception YTD¹ 2022 2021 2020 2019 2018
Inception4 Return Volatility
BlackRock Systematic Global Equity High Income 1 LU0265550359 USD 13-10-06 5.07 -14.84 16.92 8.91 17.30 -9.53 3.28 12.47 14.61

BlackRock Global Real Asset Securities 1 LU1669035997 USD 30-11-17 4.59 -24.63 13.20 6.51 25.18 -6.34 2.32 6.59 16.85

Capital Group New Perspective 1 LU1295551573 USD 30-10-15 9.88 -26.66 16.60 32.01 28.72 -7.00 7.92 14.98 20.97

MFS Meridian Contrarian Value 2 LU1985811782 USD 21-08-19 10.17 -5.09 17.76 11.07 13.32 25.44 23.36

Morgan Stanley Global Brands 1 LU0119620416 USD 30-10-00 5.73 -18.07 21.45 11.91 28.36 -2.72 9.44 10.63 15.68

Robeco BP Global Premium Equities 1 LU0951559797 USD 12-07-13 3.66 -4.51 20.46 3.81 19.52 -14.99 7.08 20.28 19.13

UBS Equity Long Term Themes 2 LU1323610961 USD 28-01-16 5.74 -19.76 15.22 19.73 28.05 -14.06 9.56 15.07 19.32

UBS Global High Dividend Sustainable 2 LU0611173427 USD 15-04-11 2.66 -6.27 18.38 -2.89 20.64 -5.48 6.71 12.85 14.21

Wellington Global Stewards 2 IE000LPJXBN7 USD 10-11-22 6.58 9.83

Rockefeller Global Equities ESG Improvers 2 IE00BJBZN302 USD 14-07-20 2.85 -15.33 14.50 5.64

USA
Since 3y² 3y2
Fund name SI5 Reference ISIN3 Ccy Inception YTD¹ 2022 2021 2020 2019 2018
Inception4 Return Volatility
Robeco BP US Premium Equities 1 LU0226953718 USD 03-10-05 -0.70 -4.05 23.47 3.44 27.87 -13.75 9.14 19.68 18.65

Europe
Since 3y² 3y2
Fund name SI5 Reference ISIN3 Ccy Inception YTD¹ 2022 2021 2020 2019 2018
Inception4 Return Volatility
Janus Henderson Pan European 1 LU0201075453 EUR 24-03-05 8.72 -9.33 22.97 2.17 29.06 -12.17 5.70 16.83 16.41

BlackRock Euro-Markets 1 LU0093502762 EUR 04-01-99 12.23 -19.39 27.23 8.69 26.84 -18.77 5.74 17.03 21.66

Threadneedle UK Equity Income 1 LU1495961192 GBP 05-10-16 3.30 -3.58 18.15 -8.07 18.75 -7.63 3.62 12.46 14.02

Asia
Since 3y² 3y2
Fund name SI5 Reference ISIN3 Ccy Inception YTD¹ 2022 2021 2020 2019 2018
Inception4 Return Volatility
JPMorgan ASEAN Equity 1 LU0441851309 USD 04-09-09 2.66 -4.97 4.79 0.46 10.45 -9.61 6.77 13.92 17.49

JPMorgan China A-Share Opportunities 1 LU1255011170 USD 11-09-15 2.15 -28.56 -4.57 69.61 51.03 -27.74 8.29 8.22 24.82

Man GLG Japan CoreAlpha Equity 1 IE00B5649C52 JPY 01-02-10 6.20 18.00 27.24 -16.54 8.44 -17.57 7.48 22.74 17.97

Goldman Sachs China A-Share Equity (Former NN) 2 LU2322827978 USD 14-04-21 2.49 -35.50 -18.57

Schroder Asian Opportunities 1 LU0106259558 USD 17-01-00 5.54 -19.86 -4.40 26.27 22.79 -15.75 5.16 9.04 21.86

Fidelity China Focus 1 LU1224709979 USD 19-05-15 8.67 -2.84 -4.13 -1.89 14.50 -12.21 1.83 5.77 24.76

JPMorgan China 1 LU0210526637 USD 31-03-05 0.54 -25.77 -20.22 69.36 41.27 -23.17 9.12 2.57 30.29

UBS All China 1 LU1807302812 USD 24-05-18 1.91 -23.84 -25.39 28.52 42.65 -3.44 -7.53 29.70

Emerging Markets
Since 3y² 3y2
Fund name SI5 Reference ISIN3 Ccy Inception YTD¹ 2022 2021 2020 2019 2018
Inception4 Return Volatility
Federated Hermes Global Emerging Markets 2 IE00BBHXDF40 USD 30-06-15 3.60 -23.80 -7.18 23.64 23.58 -16.21 3.60 6.22 20.46

For Professional Investors in Hong Kong and Accredited Investors in Singapore only.
Please see important disclaimers at the end of this publication.
Past performance is no indication of future performance. Please consult your Client Advisor on your suitability before making any investment decisions.
Source: Morningstar Direct. Performance for retro-bearing share classes shown.
¹ As of end of Mar 2023 ² Annualized 3 ISINs are for reference only, more share classes are available. 4 Returns for time periods of more than 1 year are annualized. Since Inception time periods are different for each fund. 5SI
refers to Sustainable Investments.

Sustainable Investments
Equities, Themes
ab
Thematic - Technology
Since 3y² 3y2
Fund name SI5 Reference ISIN3 Ccy Inception YTD¹ 2022 2021 2020 2019 2018
Inception4 Return Volatility
AXA WF Framlington Digital Economy 1 LU1694771590 USD 24-10-17 12.73 -40.71 11.92 51.84 31.32 3.67 9.03 8.59 23.79

AXA WF Framlington Robotech 1 LU1529780063 USD 01-02-17 17.51 -35.71 16.15 44.96 36.25 -16.15 11.24 15.45 25.80

BlackRock Next Generation Technology 1 LU1861215975 USD 04-09-18 12.82 -50.76 1.55 115.25 47.91 7.93 10.58 32.19

Janus Henderson Horizon Global Technology Leaders 1 LU0070992663 USD 15-10-96 20.84 -35.24 17.84 40.95 39.52 -6.91 10.59 14.29 22.58

Neuberger Berman InnovAsia 5G 1 IE0007HVSKH0 USD 14-07-21 12.16 -39.74 -16.27

Thematics Safety 2 LU1923622291 USD 20-12-18 9.39 -35.25 8.98 40.36 37.06 10.18 8.06 22.68

Polar Capital Global Technology 1 IE00B433M743 USD 04-09-09 22.57 -39.63 9.52 58.60 37.89 2.07 15.07 11.49 23.99

Robeco FinTech 1 LU1700711317 USD 17-11-17 6.61 -39.72 3.66 26.28 34.83 -4.61 2.26 2.27 24.37

Thematic - Health & Human

Since 3y² 3y2
Fund name SI5 Reference ISIN3 Ccy Inception YTD¹ 2022 2021 2020 2019 2018
Inception4 Return Volatility
BlackRock World Healthscience 1 LU0122379950 USD 06-04-01 -1.87 -5.21 14.19 13.99 24.36 4.98 8.69 10.88 14.60

Credit Suisse Digital Health Equity 1 LU1683285164 USD 14-12-17 5.53 -36.30 -19.78 86.57 33.17 2.56 6.49 2.77 29.78

Invesco Global Consumer Trends 1 LU0052864419 USD 03-10-94 13.27 -44.97 -8.03 60.85 25.51 -11.12 9.03 6.04 27.97

JPMorgan Thematics Genetic Therapies 1 LU2050612402 USD 24-10-19 -4.25 -29.55 -12.75 45.74 0.37 -0.69 25.46

T. Rowe Price Health Sciences Equity 2 LU2349435706 USD 08-11-21 -2.19 -15.85 -14.44

UBS Future of Humans 1 LU2204946672 USD 20-10-20 1.75 -26.47 4.53 -6.34

Variopartner MIV Global Medtech 1 LU0969575561 USD 21-10-13 6.31 -27.25 16.00 16.48 28.48 8.21 10.08 8.29 20.62

Wellington Next Generation Education 2 LU2402388537 USD 21-12-21 2.91 -24.16 -16.34

Thematic - Environmental
Since 3y² 3y2
Fund name SI5 Reference ISIN3 Ccy Inception YTD¹ 2022 2021 2020 2019 2018
Inception4 Return Volatility
BNP Paribas Funds SMaRT Food 2 LU2066071577 EUR 24-01-20 1.76 -10.69 19.40 3.56 13.15 15.89

BNY Mellon Mobility Innovation 1 IE00BGLRPD94 USD 01-11-18 14.49 -34.85 18.64 49.98 27.97 10.87 18.96 26.98

Pictet - Global Environmental Opportunities 2 LU0503632282 USD 10-09-10 8.08 -25.31 16.48 33.94 37.72 -17.32 7.76 14.87 21.25

RobecoSAM Smart Energy6 2 LU2145461914 USD 29-10-20 14.39 -21.54 17.95 58.70 40.28 -16.69 7.26 28.76 27.41

UBS Future of Earth 2 LU2307769971 USD 25-05-21 6.88 -22.99 -6.80

For Professional Investors in Hong Kong and Accredited Investors in Singapore only.
Please see important disclaimers at the end of this publication.

Past performance is no indication of future performance. Please consult your Client Advisor on your suitability before making any investment decisions.
Source: Morningstar Direct. Performance for retro-bearing share classes shown.
¹ As of end of Mar 2023 ² Annualized 3 ISINs are for reference only, more share classes are available. 4 Returns for time periods of more than 1 year are annualized. Since Inception time periods are different for each fund. 5SI refers
to Sustainable Investments. 6 Effective October 29th 2020, selected RobecoSAM equity funds were merged onto the RCGF SICAV platform and received new inception dates, share classes, and ISIN codes. All performance prior to the
RCGF SICAV merger on October 29th 2020, has been calculated based on the investment policies, fees, and share classes of the respective sub-fund under the previous SICAV.

Sustainable Investments
Fund Description ab
Fund Description
Fixed Income
The Portfolio seeks to provide a high level of current income consistent with preservation of capital by investing in a
diversified portfolio of U.S. dollar-denominated fixed income securities. The Portfolio invests solely in U.S. dollar
AB American Income
denominated fixed income securities, including investment grade and high yield, non-investment grade securities of
issuers domiciled within and outside the U.S.

The Fund invests at least 80% of its total assets in investment grade fixed income transferable securities. At least
70% of the Fund’s total assets are invested in fixed income transferable securities denominated in US dollars with a
BGF US Dollar Short Duration Bond
duration of less than five years. The average duration is not more than three years. Currency exposure is flexibly
managed.

Capital Group Multi-Sector Income
The fund seeks to provide a high level of current income, with a secondary investment objective of capital
appreciation. The fund invests generally in corporate high yield bonds, corporate investment grade bonds, emerging
market bonds and mortgage and asset backed securities, where the proportion held within each of these sectors will
vary over time. The fund may also opportunistically invest in other sectors, including US government debt, municipal
debt and non-corporate credit, in response to market conditions.

The Fund aims to provide an attractive level of risk adjusted total return (income plus capital appreciation) from a
Fidelity Enhanced Reserve
portfolio of debt securities issued worldwide.

The fund aims to achieve a return in excess of the benchmark by investing opportunistically in an unconstrained
JPMorgan Global Bond Opportunities
portfolio of debt securities and currencies, using derivatives where appropriate.

The fund aims to achieve a high income with the prospect of capital growth from a portfolio of investments in global
Jupiter Dynamic Bond fixed interest securities including high yield bonds, investment grade bonds, government bonds, convertible bonds
and other bonds (such as corporate bonds issued by companies domiciled in emerging markets).

The fund aims to provide a total return (the combination of income and growth of capital) to investors based on
M&G (Lux) Optimal Income
exposure to optimal income streams.

Muzinich Enhancedyield Short-Term
The Fund seeks to protect capital and generate attractive returns which exceed those available from similar-duration
benchmark government bonds. The Fund targets a diverse portfolio, primarily in corporate bonds with short
maturities or short duration-to-worst. These bonds are mainly issued in European currencies and also in US dollars.
The portfolio maintains an average investment grade rating, but may invest up to 40% in high yield (sub-investment
grade) bonds.

The fund aims to achieve capital appreciation and provide income by investing primarily in debt securities issued in
UBS (HK) Credit Income Opportunity developed and emerging markets globally, including onshore China. It leverages the expertise of UBS GWM CIO to
construct the asset allocations.

The actively managed fund invests dynamically across global fixed income markets and currencies striving to achieve
UBS Global Dynamic Bond
an attractive return compared to broad fixed income markets over the medium term whilst carefully managing risk.

The objective of the fund is to achieve a mix of income and capital growth by employing a long-only, US investment
AXA IM US Corporate Intermediate Bonds grade corporate bond strategy which invests across fixed and floating rate securities. The fund invests in cash bonds,
where no investment is currently nor historically invested in derivatives.

To achieve a return in excess of US bond markets by investing primarily in US investment grade debt securities. The
JPM US Aggregate Bond
fund has an investment style that emphasizes on research and individual security analysis over top-fown decisions.

The fund is a diverse, actively managed portfolio of global fixed-income securities. The fund invests primarily in a
PIMCO Global Bonds diversified portfolio of investment grade bonds denominated in major world currencies, with sources of returns
leveraging on the manager’s views on interest rates, currencies, credit and country trends.

The fund is an actively managed portfolio that invests primarily in investment grade global corporate instruments,
PIMCO Global IG Credit ESG
while focusing on environmental-, social-, and governance oriented (ESG) principles.

The fund seeks to maximise total return. The Fund invests at least 70% of its total assets in high yield fixed income
BlackRock US Dollar High Yield Bond transferable securities denominated in US dollars. The fund may invest in the full spectrum of available fixed income
transferable securities, including noninvestment grade. Currency exposure is flexibly managed.

To provide a high level of current income, consistent with the preservation of capital, by investing primarily in
Invesco US Senior Loan adjustable rate senior loans whose interest rates float at a spread above LIBOR and reset on average approximately
every 60 days organized or located in the United States or Canada.

The Fund is designed to provide an attractive level of income, along with a natural hedge against rising interest rates,
M&G Global Floating Rate High Yield
by investing mainly in high yield floating rates notes (FRNs).

For Professional Investors in Hong Kong and Accredited Investors in Singapore only.
Please see important disclaimers at the end of this publication.
Sustainable Investments
Source: Fund houses factsheets, Key Facts Statement / Key Investor Information
Please consult your Client Advisor for fund documents.
Fund Description ab
Fund Description
Fixed Income
The fund seeks to preserve shareholder capital and to provide a return exceeding the average return of the European
high-yield bond market. The fund invests a minimum two-thirds of its net assets in high-yield fixed-income and
Nordea European High Yield Bond
floating-rate debt securities that are issued by private borrowers and public authorities domiciled in Europe or
predominantly active in Europe.

The investment objective of the Fund is to generate long term capital appreciation for investors. The Investment
Manager seeks to achieve the objective of the Fund by investing in fixed income or debt securities denominated
Fullerton Asian Bond Fund
primarily in USD and Asian currencies, issued by companies, governments, quasi-governments, government agencies
or supranationals in the Asian region.

The fund aims to achieve a return in excess of the bond markets of emerging countries by investing primarily in
JPMorgan Emerging Markets Debt emerging market debt securities, including corporate securities and securities issued in local currencies, using
derivatives where appropriate.

The fund is an actively managed portfolio that invests primarily in Asia high yield bonds. The fund is diversified
PIMCO Asia High Yield Bond
broadly across industries, issuers, and countries in Asia on the basis of PIMCO’s top-down and bottom-up processes.

The fund will be managed to provide investors with stable return and long-term capital growth through investment
in a wide range of investment grade debt securities within the Asia Pacific Region. The fund will invest in short and
PineBridge Asia Pacific Investment Grade Bond Fund
medium to long term debt securities, with at least 70% of the fund’s Net Asset Value in debt securities,
predominantly denominated in USD, issued or guaranteed by entities based within the Asia Pacific Region.

The fund aims to achieve a high level of current income and modest capital appreciation by investing in senior and
Algebris Financial Credit subordinated debt securities of the financial credit sector globally including preference shares and hybrid capital
instruments (e.g. Additional Tier 1 securities), which may be rated investment grade or below investment grade.

The fund is an actively managed global portfolio that invests primarily in subordinated debt instruments issued by
banks, insurance companies, and other specialty finance companies. Most investments will be concentrated in Tier1,
PIMCO Capital Securities
Tier 2, and contingent convertible (“CoCo”) Bonds though the fund maintains flexibility to invest across the capital
structure.

For Professional Investors in Hong Kong and Accredited Investors in Singapore only.
Please see important disclaimers at the end of this publication.
Sustainable Investments
Source: Fund houses factsheets, Key Facts Statement / Key Investor Information
Please consult your Client Advisor for fund documents.
Fund Description
Fund
Multi-Asset
Algebris Financial Income
UBS European Growth and Income
MFS Meridian Prudent Capital
UBS Asian Global Strategy Balanced
UBS Strategy Fund Balanced Sustainable
UBS Dynamic Income
UBS Sustainable Investing Fund Balanced
UBS Systematic Allocation Portfolio Medium
UBS Multi Asset Emerging Markets Dynamic
For Professional Investors in Hong Kong and Accredited Investors in Singapore only.
Please see important disclaimers at the end of this publication.
Source: Fund houses factsheets, Key Facts Statement / Key Investor Information
Please consult your Client Advisor for fund documents.
ab
Description
The Fund can invest in the capital structure of financial companies globally, in both equities and fixed income. The
objective of the Fund is to maximise income and generate superior risk adjusted returns over an investment cycle by
investing in high dividend yielding stocks and bonds.
The fund is focused on capturing growth and income opportunities predominantly from Europe. It invests
predominantly in European equities, high yield corporate bonds and convertible bonds. Each asset class weighting is
kept at approximately one third.
The Fund employs a long-term focused, flexible approach aiming to identify investment opportunities across
companies' capital structure. Ability to reduce market exposure when opportunities are not believed to be
attractive. May employ derivatives for investment purposes, including seeking to mitigate downside risk.
The fund invests globally in a diversified range of equities, mainly high-quality bonds and money market
instruments, combined with exposure to Asian markets. The fund generally strikes an even balance between equity
and fixed income investments. Foreign currencies are largely hedged against the reference currency. The fund is
based on UBS's investment policy, the UBS House View.
The fund invests globally in a diversified range of equities, mainly high-quality bonds and money market
instruments. The fund generally strikes an even balance between equities and bonds. Foreign currencies are largely
hedged versus the reference currency. The fund is based on UBS's investment policy, the UBS House View. This fund
promotes environmental and social characteristics and falls under SFDR Article 8(1).
The 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. 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.
The fund's portfolio holdings primarily consist of investment funds that focus on sustainable investments. The fund
defines sustainable investments as strategies that seek to align the investment objectives of long-term sustainability
criteria and positive contributions to the environment and society, with generating financial returns.
The fund invests globally and flexibly in a diversified range of equities, mainly high-quality bonds as well as
alternative investments, including hedge funds. The equity exposure varies decisively depending on the market
situation and will normally be within a range of 10% and 55%. The fund relies on the proprietary and quantitative
UBS WM CIO World Equity Market model to determine the equity allocation and thereby avoids emotional human
biases.
The actively managed investment fund invests in a range of asset classes, with a focus on emerging economies
worldwide. In doing so, the proportion of fund assets invested in stocks can vary greatly and total up to 80%.
Sustainable Investments
Fund Description ab
Fund Description
Equities
The Fund seeks to generate a high level of income. It invests globally at least 70% of its total assets in equity
BlackRock Systematic Global Equity High Income securities, with no prescribed country or regional limits. In particular, the Fund will use quantitative (i.e.
mathematical or statistical) models in order to achieve a systematic (i.e. rule based) approach to stock selection.

The Fund seeks to achieve a total return for investors. It will seek to achieve this investment objective by investing
BlackRock Global Real Asset Securities globally at least 70% of its total assets in equities and equity-related securities (including derivatives) of companies
whose economic activity is predominantly in the real estate and infrastructure sectors.

The fund seeks to take advantage of investment opportunities generated by changes in international trade patterns
Capital Group New Perspective and economic and political relationships by investing in common stocks of companies located around the world. The
fund invests primarily in common stocks that the Investment Adviser believes have the potential for growth.

An unconstrained global equity fund that seeks capital appreciation by emphasizing on valuation, balance sheet
leverage and maintaining a suitable margin of safety, identifying investment opportunities in businesses and sectors
MFS Meridian Contrarian Value
that are experiencing operating difficulties or going through a difficult transition and adopts a long-term approach
with a variant perception that is mindful of downside risk.

The fund invests at least 70% of its value in a concentrated portfolio of equity securities of companies in the world's
Morgan Stanley Global Brands developed countries. The fund will seek to invest in companies whose success is based on intangible assets such as
brand names, copyrights, or methods of distribution which underpin a strong business franchise.

The fund invests across market capitalizations, regions and sectors in a flexible manner in developed countries across
Robeco BP Global Premium Equities the world. The selection of these stocks is based on fundamental analysis. The portfolio is consistently built from the
bottom up to exhibit attractive valuation, strong business fundamentals and improving business momentum.

The fund invests globally in companies exposed to long term investment themes. The investment themes are related
to the three mega trends of population growth, increasing urbanization and aging population. The portfolio of
UBS Equity Long Term Themes
around 40-80 stocks is allocating to multiple investment themes and diversified across countries and sectors. The
fund invests in attractively valued companies and has a strong sustainability profile.

This actively managed equity fund invests in companies from across the globe that offer a high dividend yield. The
UBS Global High Dividend Sustainable fund focuses on quality factors to exclude low quality stocks, including the company’s ability to pay stable or
growing dividends.

The fund is actively managed and seeks to deliver long-term total returns in excess of the MSCI All Country World
Index. The fund invests in the equities of companies globally, that generate high return on capital relative to their
Wellington Global Stewards
peers, and whose management teams and boards display exemplary stewardship to sustain those returns over time.
The fund targets net zero emissions by 2050 in alignment with the Paris Agreement.

The fund is actively managed and seeks to outperform the MSCI All Country World Index-Net over a full market
cycle. The Fund employs a bottom-up, fundamental investment approach with a long-term horizon, while
Rockefeller Global Equities ESG Improvers
integrating Environmental, Social, and Governance (ESG) Improvers research to provide additional insight. The
fund invests primarily in equity securities of global companies that meet certain ESG criteria.

The fund is an actively managed fund that invests in stocks in the United States. The selection of these stocks is
based on fundamental analysis. The portfolio is consistently built from the bottom up, to exhibit attractive valuation,
Robeco BP US Premium Equities
strong business fundamentals and improving business momentum. These companies can be large-caps, mid-caps or
small-caps.

The Fund aims to provide a return, from a combination of capital growth and income over the long term (5 years or
more). The Fund invests at least two-thirds of its assets in equities and equity-related securities of companies, of any
Janus Henderson Pan European
size, in any industry, in Europe (including UK). Companies will have their registered office in or do most of their
business (directly or through subsidiaries) in this region.

The Euro-Markets Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in
the equity securities of companies domiciled in those EU Member States participating in EMU. Other exposure may
BlackRock Euro-Markets include, without limitation, investments in those EU Member States that, in the opinion of the Investment Adviser,
are likely to join EMU in the foreseeable future and companies based elsewhere that exercise the predominant part
of their economic activity in EMU-participating countries.

The fund is a core UK equity income offering and typically holds between 45 and 60 positions in UK companies,
while seeking to generate a dividend yield greater than that of the index on a three-year rolling basis. The portfolio
Threadneedle UK Equity Income
manager can take significant stock and sector positions. The fund combines higher-yielding investments with capital-
growth opportunities.

To provide long-term capital growth by investing primarily in companies of countries which are members of the
JPMorgan ASEAN Equity
Association of South East Asian Nations (ASEAN).

To provide long-term capital growth by investing primarily in companies of the People's Republic of China (PRC). At
least 67% of assets invested in China A-Shares of companies that are domiciled, or carrying out the main part of
JPMorgan China A-Share Opportunities
their economic activity, in the PRC through the China-Hong Kong Stock Connect Programmes and the RQFII and QFII
programmes.

The Fund seeks long term gains by investing primarily in listed or traded shares (or related instruments) of issuers in
Man GLG Japan CoreAlpha Equity
Japan, or which derive a substantial part of their revenue from Japan.

For Professional Investors in Hong Kong and Accredited Investors in Singapore only.
Please see important disclaimers at the end of this publication.
Sustainable Investments
Source: Fund houses factsheets, Key Facts Statement / Key Investor Information
Please consult your Client Advisor for fund documents.
Fund Description ab
Fund Description
Equities
The fund invests in a diversified portfolio of equities issued by companies based in, or having a significant exposure
to, mainland China (the People’s Republic of China, or PRC). The fund is actively managed. Portfolio construction
Goldman Sachs China A-Share Equity (Former NN)
and security selection are based on a fundamental view of the equity markets, while taking into account
environmental, social and governance (ESG) criteria.

The fund aims to provide capital growth in excess of the MSCI AC Asia ex Japan (Net TR) index, after fees have been
Schroder Asian Opportunities deducted, over a three to five year period by investing in equity and equity related securities of Asian companies
(excluding Japan).

The fund will primarily focus on China through investment in securities of Chinese companies listed in China and
Fidelity China Focus Hong Kong, as well as securities in non-Chinese companies which have a significant portion of their activities in
China. The fund may invest its net assets directly in China A and B Shares.

The fund aims to provide long-term capital growth by investing primarily in companies of the People's Republic of
JPMorgan China
China. The fund employs a "Best Ideas" approach and focus on fundamental, bottom-up stock selection.

An actively managed, unconstrained equity fund based on an equity portfolio investing in selected Chinese
UBS All China companies. The fund invests across diversifed sectors which offers broad coverage of the onshore and offshore
Chinese equity market.

The fund aims to achieve long-term capital appreciation by investing primarily in a diversified portfolio of equity
Federated Hermes Global Emerging Markets securities and equity related securities with an emerging markets bias quoted or traded on Regulated Markets
worldwide.

The fund invests at least two thirds of its net assets in equities and equity-related securities of companies active in
the overall value chain of the digital economy, from the customers' initial discovery of products and services, to the
AXA WF Framlington Digital Economy
buying decision and then the final payment and delivery, and also in the technology enablers providing support and
data analysis to develop companies' digital presence.

The fund invests at least two thirds of its total net assets in equities and equity-related instruments issued by all cap
AXA WF Framlington Robotech
companies worldwide which operate within the growing theme relating to robotic and robotic related technology.

The fund invests at least 70% of its total assets in the equity securities of companies globally whose predominant
BlackRock Next Generation Technology economic activity comprises the research, development, production and/ or distribution of new and emerging
technology.

The Fund aims to provide capital growth over the long term. The Fund invests at least 90% of its assets in a
Janus Henderson Horizon Global Technology Leaders concentrated portfolio of shares (equities) and equity-related securities of companies, of any size, which are
technology-related or derive the main part of profits from technology, in any country.

A thematic equity strategy focusing on innovative Asian opportunities amongst enablers and beneficiaries of 5G
Neuberger Berman InnovAsia 5G
connectivity.

The fund seeks capital growth by investing at least two-thirds of its total assets in a diversified portfolio of the shares
Thematics Safety of companies that contribute to safeguarding the integrity, health and freedom of individuals, companies and
governments. The investment universe is not restricted to a specific geographical zone.

The fund aims to achieve long-term capital appreciation through investing in a globally-diversified portfolio of
Polar Capital Global Technology
technology companies.

The fund invests in stocks in developed and emerging countries across the world which benefit from the increasing
digitization of the financial sector. Proprietary valuation models are used to select stocks with good earnings
Robeco FinTech
prospects and a reasonable valuation. Companies are individually assessed on the basis of industry trend analysis, in-
depth discussions with corporate management, analysts and industry experts.

The fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant
BlackRock World Healthscience economic activity is in healthcare, pharmaceuticals, medical technology and supplies and the development of
biotechnology. Currency exposure is flexibly managed.

The fund invests globally in innovative companies which are driving a revolution in the health care sector through
Credit Suisse Digital Health Equity
the application of technology.

The fund aims to achieve long-term capital growth from a global portfolio of investments in companies
predominantly engaged in the design, production or distribution of products and services related to the discretionary
Invesco Global Consumer Trends
consumer needs of individuals, whichcan include automobile, household construction and durables, media and
internet companies and other companies engaged in meeting the demands of consumers.
For Professional Investors in Hong Kong and Accredited Investors in Singapore only.
Please see important disclaimers at the end of this publication.
Sustainable Investments
Source: Fund houses factsheets, Key Facts Statement / Key Investor Information
Please consult your Client Advisor for fund documents.
Fund Description ab
Fund Description
Equities

The fund seeks to achieve a return by investing in companies with exposure to the theme of genetic therapies,
JPMorgan Thematics Genetic Therapies
globally.

The fund is actively managed and invests mainly in a diversified portfolio of shares of companies that are involved in
the research, development, production, or distribution of products or services related to health sciences. The
T. Rowe Price Health Sciences Equity
companies may be anywhere in the world, including emerging markets, with a focus on companies in the United
States.

An actively managed multi-manager global equity fund that invests in companies exposed to the global trends
UBS Future of Humans
toward an aging population, the growth in population and increasing urbanization.

The fund invests globally in listed medical device companies that have attractive valuation, strong market position,
Variopartner MIV Global Medtech
good growth potential, excellent products, sustainable profitability and high-quality management.

The Fund seeks long-term total returns in excess of the MSCI All Country World Index, primarily investing globally in
Wellington Next Generation Education companies that enable the provision of educational and vocational training services and are positioned to benefit
from the structural drivers of sustainable economic development.

The Fund seeks to increase the value of its assets over the medium term by investing in shares issued by companies
BNP Paribas Funds SMaRT Food which conduct their business in the food supply chain, which are chosen given the quality of their financial structure
and/or potential for earnings growth.

The fund aims to achieve long-term capital growth by primarily gaining exposure to companies located worldwide
BNY Mellon Mobility Innovation
that are focused on innovation in transportation and related technologies.

The Fund seeks capital growth by investing principally in securities of companies that are active throughout the
environmental value chain. The Fund favours companies operating in services, infrastructures, technologies and
Pictet - Global Environmental Opportunities
resources related to environmental sustainability. The investment universe is not restricted to a specific geographical
zone.

An actively managed fund that invests globally in companies that provide competitive and sustainable solutions to
RobecoSAM Smart Energy
the growing need for reliable, clean & affordable energy supply.

The objective of the actively managed fund is to seek long-term real returns by pursuing a thematic strategy,
primarily investing in equities that meet environmental, social and governance (ESG) criteria. The sub-fund focuses
UBS Future of Earth
on aspects relating to climate change, environmental issues and the global growth in population and increasing
urbanisation, and promotes several of the environmental objectives of the UN Sustainable Development Goals.

For Professional Investors in Hong Kong and Accredited Investors in Singapore only.
Please see important disclaimers at the end of this publication.
Sustainable Investments
Source: Fund houses factsheets, Key Facts Statement / Key Investor Information
Please consult your Client Advisor for fund documents.
Glossary ab
Reporting Date:
This is the performance date of the report at which all fund performance returns are updated, which is the last available
trading day of the previous month.

Inception Date:
Date on which the fund share class is first offered.

Total Return (over different periods):

Expressed in percentage terms, Morningstar's calculation of total return is determined each month by taking the change in
monthly net asset value, reinvesting all income and capital-gains distributions during that month, and dividing by the
starting NAV. Reinvestments are made using the actual reinvestment NAV, and daily payoffs are reinvested monthly. Unless
otherwise noted, Morningstar does not adjust total returns for sales charges (such as front-end loads, deferred loads and
redemption fees), preferring to give a clearer picture of a fund's performance. The total returns do account for
management, administrative, 12b-1 fees and other costs taken out of fund assets. Total returns for periods longer than one
year are expressed in terms of compounded average annual returns (also known as geometric total returns), affording a
more meaningful picture of fund performance than non-annualized figures.

YTD Return:
This is the percentage return achieved since start of the year as of the performance date of the report.

Calendar Year Returns :

These are the percentage returns achieved for the past calendar years. Only full calendar year returns are shown.

Since Inception Return:

This is the percentage returns achieved by the fund reference share class since inception date. Returns above 1 year are annualized.

3Y Return:
This is the annualized returns achieved over the past 3 years as of the performance date of the report.

3Y Volatility:
A statistical measurement of dispersion about an average, which, for a mutual fund, depicts how widely the returns varied
over a certain period of time. Investors use the standard deviation of historical performance to try to predict the range of
returns that are most likely for a given fund. When a fund has a high standard deviation, the predicted range of
performance is wide, implying greater volatility. Morningstar computes standard deviation using the trailing monthly total
returns for the appropriate time period. All of the monthly standard deviations are then annualized.

Sustainable Investments (SI)

Sustainable investments (SI) take into account not only financial criteria but also ecological, social and governance issues in
their selection of investment opportunities. UBS is able to offer specialist competence, advice and investment solutions to
clients looking for an SI approach to their investment portfolio.

For Professional Investors in Hong Kong and Accredited Investors in Singapore only.
Please see important disclaimers at the end of this publication.
Source: Morningstar Direct, UBS CIO Global Investment Management
Fund Selection Process - Four Phases ab

Source: UBS CIO Global Investment Management

For illustrative purposes only
The process described is non-binding and may be amended by UBS without notice
Please always read in conjuction with the glossary and the risk information provided at the end of the document

For Professional Investors in Hong Kong and Accredited Investors in Singapore only.
Please see important disclaimers at the end of this publication.
Disclaimer ab
The contents of this document have not been reviewed by any regulatory authority in Hong Kong or Singapore. Investors are
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Investor should obtain independent professional advice.

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Any credit rating of the Issuer or the Counterparty stated in the Documentation reflects the independent opinion of the referenced rating agency
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Investment instruments and financial services involve risks; it may be that certain investments cannot be liquidated immediately because of a lack
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This document is for information purposes only and has no regard to the specific investment objectives, financial situations or particular needs of
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The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different results. The
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Under certain circumstances, certain charts and/or performance figures may not be based on complete, 12-month reporting periods and this can
affect the relevance of such data and its suitability for use in comparisons. As a rule, some of the figures involved are merely forecasts and not a
reliable indicator of future performance. Previous performance cannot therefore necessarily be taken as a predictor of future performance.

This document does not constitute and should not be construed as an offer, recommendation or solicitation to conclude a
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