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
US9026561079
May 29, 2018
$1,000
Expense Ratio
USIAX features an expense ratio of 0.35%, falling within the medium range.
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 0.40% year-to-date (YTD) and 5.30% in the last 12 months.
USIAX
0.40%
0.40%
2.51%
5.30%
2.29%
N/A
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.40% | 0.40% | |||||||||||
| 2024 | 0.44% | 0.42% | 0.44% | 0.33% | 0.44% | 0.43% | 0.54% | 0.54% | 0.52% | 0.32% | 0.41% | 0.41% | 5.35% |
| 2023 | 0.63% | 0.33% | 0.15% | 0.47% | 0.41% | 0.51% | 0.52% | 0.43% | 0.43% | 0.54% | 0.53% | 0.50% | 5.59% |
| 2022 | -0.09% | -0.18% | -0.28% | -0.07% | 0.07% | -0.39% | 0.13% | 0.17% | -0.32% | -0.17% | 0.48% | 0.45% | -0.21% |
| 2021 | 0.02% | 0.02% | -0.09% | 0.01% | 0.11% | -0.08% | 0.01% | 0.01% | 0.01% | -0.09% | -0.09% | 0.01% | -0.15% |
| 2020 | 0.26% | 0.15% | -1.46% | 1.02% | 0.40% | 0.27% | 0.05% | 0.04% | 0.03% | 0.03% | 0.02% | 0.03% | 0.84% |
| 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% | 2.80% |
| 2018 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% | 0.10% | 0.02% | 0.31% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, USIAX is among the top 1% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 provided a 5.05% dividend yield over the last twelve months, with an annual payout of $0.50 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.50 | $0.50 | $0.47 | $0.16 | $0.02 | $0.09 | $0.24 | $0.06 |
Dividend yield | 5.05% | 5.09% | 4.81% | 1.62% | 0.15% | 0.93% | 2.36% | 0.61% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
| 2023 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.47 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $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 | $0.02 | $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 | $0.02 | $0.02 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 7, 2021 | 352 | Oct 26, 2022 | 65 | Jan 31, 2023 | 417 |
| -0.41% | Mar 14, 2023 | 6 | Mar 21, 2023 | 8 | Mar 31, 2023 | 14 |
| -0.2% | Dec 4, 2018 | 4 | Dec 10, 2018 | 14 | Dec 31, 2018 | 18 |
| -0.1% | May 16, 2024 | 1 | May 16, 2024 | 10 | May 31, 2024 | 11 |
Volatility
Volatility Chart
The current UBS Ultra Short Income Fund volatility is 0.40%, 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.