UBS Ultra Short Income Fund (USIAX)
Under normal circumstances, the fund invests in fixed income securities and money market instruments. It will, under normal circumstances, invest more than 25% of its total assets in the financial services group of industries. The fund may invest in money market funds. It may invest in securities of any maturity, but will generally limit its weighted average portfolio duration to one year or less.
Fund Info
| ISIN | US9026561079 |
|---|---|
| Issuer | UBS Asset Management |
| Inception Date | May 29, 2018 |
| Category | Ultrashort Bond |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
USIAX has a high expense ratio of 0.35%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in UBS Ultra Short Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
UBS Ultra Short Income Fund had a return of 1.63% year-to-date (YTD) and 5.72% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.63% | 10.00% |
| 1 month | 0.43% | 2.41% |
| 6 months | 2.77% | 16.70% |
| 1 year | 5.72% | 26.85% |
| 5 years (annualized) | 1.86% | 12.81% |
| 10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of USIAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.44% | 0.42% | 0.44% | 0.32% | 1.63% | ||||||||
| 2023 | 0.63% | 0.33% | 0.16% | 0.47% | 0.41% | 0.51% | 0.52% | 0.43% | 0.42% | 0.55% | 0.53% | 0.58% | 5.68% |
| 2022 | -0.09% | -0.18% | -0.28% | -0.07% | 0.07% | -0.40% | 0.13% | 0.17% | -0.32% | -0.17% | 0.48% | 0.52% | -0.15% |
| 2021 | 0.02% | 0.02% | -0.09% | 0.01% | 0.11% | -0.08% | 0.01% | 0.01% | 0.01% | -0.09% | -0.09% | 0.03% | -0.14% |
| 2020 | 0.26% | 0.15% | -1.46% | 1.03% | 0.40% | 0.27% | 0.05% | 0.03% | 0.03% | 0.02% | 0.02% | 0.03% | 0.81% |
| 2019 | 0.42% | 0.31% | 0.22% | 0.31% | 0.22% | 0.21% | 0.20% | 0.19% | 0.18% | 0.18% | 0.16% | 0.16% | 2.81% |
| 2018 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% | -0.10% | 0.02% | 0.11% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of USIAX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
USIAX (UBS Ultra Short Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for UBS Ultra Short Income Fund (USIAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
UBS Ultra Short Income Fund granted a 5.24% dividend yield in the last twelve months. The annual payout for that period amounted to $0.52 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.48 | $0.16 | $0.02 | $0.09 | $0.24 | $0.04 |
Dividend yield | 5.24% | 4.90% | 1.68% | 0.16% | 0.91% | 2.36% | 0.41% |
Monthly Dividends
The table displays the monthly dividend distributions for UBS Ultra Short Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.17 | |||||||
| 2023 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.48 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.04 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
| 2020 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2018 | $0.02 | $0.00 | $0.02 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the UBS Ultra Short Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the UBS Ultra Short Income Fund was 2.30%, occurring on Mar 24, 2020. Recovery took 50 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.3% | Mar 9, 2020 | 12 | Mar 24, 2020 | 50 | Jun 4, 2020 | 62 |
| -1.47% | Jun 3, 2021 | 350 | Oct 20, 2022 | 69 | Jan 31, 2023 | 419 |
| -0.41% | Mar 14, 2023 | 6 | Mar 21, 2023 | 8 | Mar 31, 2023 | 14 |
| -0.3% | Nov 13, 2018 | 18 | Dec 10, 2018 | 21 | Jan 10, 2019 | 39 |
| -0.1% | Jul 21, 2023 | 1 | Jul 21, 2023 | 1 | Jul 24, 2023 | 2 |
Volatility
Volatility Chart
The current UBS Ultra Short Income Fund volatility is 0.43%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.