Asset Allocation (As at 30 Dec 2011)

Transcription

1 United Asian Bond Fund - Class SGD The Fund seeks to provide stable current income and capital appreciation by investing in highyielding debt securities issued by Asian corporations, financial institutions, governments and their agencies (including money market instruments). Global Logistic Properties 4% 11/5/18 China Government Bond 1.9% 18/8/18 Franshion Development Ltd 6.7% 15/4/21 Hana Bank 4.2% 14/6/17 SPI Electricity & Gas 7.5% 1/4/21 of Class SGD March 2000 UNIT CLASS Class SGD S$46.79 million PRICE S$1.745 Singapore 20.90% China 14.13% Cash & SRS Australia 13.66% Hong Kong 13.63% Indonesia 12.56% Malaysia 3.65% Others 11.69% Cash 9.78% 0 % Perf ^ BM 5th April 00 To 30th December 11, Based in Singapore Dollar. 1 month 2.77% -0.32% 2.10% months 1 year 5 years 3.13% 6.77% 5.24% 0.04% 3.55% 4.53% 4.20% 5.38% 3.47% 6 months 3 years 10 years 5.05% 12.59% 4.60% 1.88% 11.37% 4.23% 6.80% 9.97% 4.02% 100 Since Incept 6.30% 5.98% 6.13% Company of class 06/00 05/02 04/04 03/06 02/08 01/10 SGD as at 30 Dec 11, SGD basis, with ^ Benchmark dividends and distributions reinvested, if any. figures for 1 mth till 1 yr show the % change, while those month end of the Fund. ^3% sales charge applied exceeding 1 yr show the average annual Benchmark (BM) : Apr 00 - Jul 03 : JP Morgan Emerging Mkts Bond Index Global Constrained Asia; Aug 03 - Dec 06 : JP Morgan Asia Bond Total Return Composite; Jan 07 - Present : JP Morgan Asia Credit Index Total Return Composite Financials 41.77% Energy 18.55% Government 12.85% Utilities 6.08% Government Agency 3.97% Industrials 2.80% Others 4.20% Cash 9.78% 1.00% p.a. 3% (Cash,SRS) BNP Paribas Trust OUBASIB SP SG The Edge-Lipper SG UT 11, 10, 03 SG Inv. 02 SG Inv. 01 SG Inv. 00 FIRST HALF 2012 FUND FOCUS 53

2 United Emerging Markets Bond Fund The investment objective of the Fund is to maximise returns with high yield and capital appreciation over the longer term in emerging markets debt investments and products. Republic of Turkey 7.2% 5/3/38 Kazmunaygas National 6.3% 9/4/21 Bumi Capital Pte Ltd 12% 10/11/16 Mriya Agro Hld Plc 10.9% 30/3/16 OGX Petroleo e Gas Parti 8.5% 1/6/18 20th August 01 To 30th December 11, Based in Singapore Dollar /03 12/04 09/06 ^ 06/08 03/10 Benchmark month end of the Fund. ^5% sales charge applied. Benchmark (BM) : JP Morgan EMBI Global Div Index. Brazil 11.87% Indonesia 10.09% Mexico 8.60% Russia 5.66% Turkey 4.98% Qatar 4.26% Others 36.30% Cash 18.24% 0 % Government 24.14% Financials 17.81% Energy 16.81% Materials 5.02% Utilities 4.17% Consumer Discretionary 3.26% Others 10.55% Cash 18.24% Perf ^ BM 1 month 1.58% -3.52% 2.34% 3 months 1.69% -3.46% 4.13% 6 months -0.68% -5.76% 8.23% 1 year 2.33% -3.04% 8.65% 3 years 11.84% 9.62% 12.08% 5 years 5.36% 4.03% 4.30% 10 years 8.98% 8.17% 6.77% Since Incept 9.87% 9.08% 7.36% Dec 11, SGD basis, with dividends and distributions reinvested, if any. yr show the % change, while those exceeding 1 yr show the average annual July 2001 S$ million PRICE S$1.393 # Cash & SRS 1.75% p.a. 5% (Cash,SRS) UOBGEMS SP SG #The fund had a 4-for-3 unit split on 25th July The Edge-Lipper SG UT 09, FUND FOCUS FIRST HALF 2012

3 United Global Bond Fund (S$) The investment objective of the Fund is to maximize returns over the longer term by investing mainly in sovereign bonds rated "A" by Standard & Poor's or "A2" by Moody's or its equivalent rating and above. Australian Govt Bond 5.5% 21/1/18 KFW 5.7% 13/5/15 US Treasury Note 1.5% 30/6/16 Buoni Poliennali Del Tes 3.7% 1/3/21 US Treasury 2.1% 31/5/15 United States 23.87% Australia 10.78% Germany 9.36% Italy 9.25% UK 8.37% France 6.67% Others 11.33% Cash 20.37% % Government 73.65% Financials 5.98% Cash 20.37% September 1998 S$1.82 million PRICE S$1.110 Cash & SRS 0.50% p.a. 2% (Cash,SRS) UOBGLSI SP SG th November 98 To 30th December 11, Based in Singapore Dollar /98 02/01 04/03 06/05 ^ month end of the Fund. ^2% sales charge applied Benchmark (BM) : Citi G7 Gov Bond. 08/07 10/09 Benchmark Perf ^ BM 1 month 1.65% -0.38% 2.09% 3 months -0.98% -2.96% -0.45% 6 months 7.87% 5.71% 9.20% 1 year 5.92% 3.80% 8.23% 3 years -0.68% -1.35% 1.58% 5 years 1.90% 1.49% 4.14% 10 years 2.41% 2.17% 3.80% Since Incept 1.87% 1.68% 3.79% Dec 11, SGD basis, with dividends and distributions reinvested, if any. yr show the % change, while those exceeding 1 yr show the average annual SG Inv. 02 FIRST HALF 2012 FUND FOCUS 55

4 United International Bond Fund The investment objective of the Fund is to achieve capital preservation and regular income through investment primarily in global bonds and money market instruments issued by the government, statutory bodies or other public or private entities of Singapore and by sovereign states or governments or corporations or government-related bodies in both developed and emerging markets around the world, although the Managers may also invest the assets of the Fund in shares, stocks, bonds, debentures, debenture stocks, loans, loan stocks, warrants or any other security selected by them. There is no target industry/sector. Intesa Sanpaolo SpA 9.5% 29/6/49 Winsway Coking Coal Hold 8.5% 8/4/16 Paladin Energy Ltd Cb 3.6% 4/11/15 Country Garden Hldg Co 11.1% 23/2/18 Bumi Investment Pte Ltd 10.7% 6/10/17 29th September 95 To 30th December 11, Based in Singapore Dollar /98 12/00 09/03 ^ 06/06 03/09 month end of the Fund. ^2% sales charge applied China 23.27% Singapore 17.23% Hong Kong 16.39% Italy 11.54% Indonesia 9.10% Australia 6.49% Others 10.96% Cash 5.02% % Financials 42.19% Energy 15.11% Industrials 10.64% Consumer Discretionary 7.26% Materials 6.50% Utilities 4.38% Others 8.90% Cash 5.02% Perf ^ 1 month 3.06% 5.16% 3 months 5.41% 7.56% 6 months % % 1 year % % 3 years 0.89% 1.60% 5 years -1.30% -0.87% 10 years 1.46% 1.74% Since Incept 0.99% 1.17% Dec 11, SGD basis, with dividends and distributions reinvested, if any. yr show the % change, while those exceeding 1 yr show the average annual April 1995 S$37.05 million PRICE S$0.896 Cash & SRS 0.50% p.a. 2% (Cash,SRS) UOBUIBI SP SG SG S&P Inv. Funds Awards FUND FOCUS FIRST HALF 2012

5 United Renminbi Bond Fund The investment objective of the fund is to generate fixed income returns and benefit from the potential appreciation of the Renminbi over the medium term. The fund will currently invest primarily in Renminbi ("RMB") denominated debt securities ("RMB Debt Instruments") issued or distributed outside mainland China. The issuers of such securities include, but are not limited to, governments, quasi-government bodies, international and multinational organisations, banks and financial institutions, and corporations. Global Logistic Properties 4% 11/5/18 Franshion Development Ltd 6.7% 15/4/21 BSH Bosch und Siemans Ha 2.3% 29/9/14 Beijing Enterprises Water 5% 30/6/16 China Government Bond 1.9% 18/8/18 of Class SGD 3rd May 11 To 30th December 11, Based in Singapore Dollar. 06/11 08/11 ^ month end of the Fund. ^3% sales charge applied. Benchmark (BM): 1-year CNH deposit rate /11 Benchmark Hong Kong 30.07% China 21.53% Singapore 12.15% Germany 6.74% Japan 5.80% United States 5.77% Others 14.32% Cash 3.62% Financials 47.10% Consumer Staples 15.16% Energy 12.76% Materials 7.60% Government 6.06% Utilities 4.80% Others 2.90% Cash 3.62% Perf ^ BM 1 month 1.72% -1.33% 1.95% 3 months 0.00% -3.00% 2.15% 6 months 1.42% -1.63% 8.23% Since Incept 0.50% -2.51% 8.60% Company, Bloomberg of Class SGD as at 30 Dec 11, SGD basis, with dividends and distributions reinvested, if any. figures for 1 mth till 1 yr show the % change, while those exceeding 1 yr show the average annual March 2011 UNIT CLASS Class SGD Class USD S$21.04 M PRICE Class SGD Class USD S$1.003 US$0.954 (As at 30 Dec 11) Class SGD Cash Class USD Cash Class SGD S$5,000 Class USD US$5,000 Class SGD Class USD U Class SGD 1.00% p.a. Class USD 1.00% p.a. Class SGD 3% (Cash,SRS) Class USD 3% (Cash) Class SGD SG Class USD SG Class SGD UOBURBS SP Class USD UOBURBU SP Please refer to last page for disclaimers FIRST HALF 2012 FUND FOCUS 57

6 United Renminbi Bond Fund of Class USD 3rd May 11 To 30th December 11, Based in Perf ^ BM US Dollar. 1 month 0.53% -2.49% 0.74% 3 months 0.63% -2.39% 2.66% 6 months -3.93% -6.81% 2.47% Since Incept -4.89% -7.74% 2.67% 06/11 08/11 ^ month end of the Fund. ^3% sales charge applied. Benchmark (BM): 1-year CNH deposit rate 10/11 Benchmark Company, Bloomberg of Class USD as at 30 Dec 11, USD basis, with dividends and distributions reinvested, if any. figures for 1 mth till 1 yr show the % change, while those exceeding 1 yr show the average annual The base currency of the Fund is the SGD. Investors should consider carefully whether to subscribe for units in Class SGD (denominated in SGD)or Class USD (denominated in USD). The difference in the performances of the Fund in USD and SGD terms is a reflection of fluctuating exchange rates during the relevant period. A prospectus for the fund(s) (the "Fund(s)") may be obtained from the Manager or any of its appointed distributors. Investors should read the prospectus before deciding whether to subscribe for or purchase units in the Fund(s) ("Units"). All applications for Units must be made on application forms accompanying the prospectus or otherwise as described in the prospectus. Past performance of the Fund(s) or the Manager (whether in USD or SGD terms) and any prediction, projection or forecast on the economy or markets are not necessarily indicative of the future or likely performance of the Fund(s) or the Manager. Any extraordinary performance may be due to exceptional circumstances which may not be sustainable. The value of Units and any income from the Fund(s) may fall as well as rise. The above information is strictly for general information only and must not be construed as an offer or solicitation to deal in Units, nor a recommendation to invest in any company mentioned herein. Investments in unit trusts are not obligations of, deposits in, or guaranteed or insured by UOB, UOBAM, or any affiliates or distributors. The Fund may use or invest in financial derivative instruments and you should be aware of the risks associated with investments in financial derivative instruments which are described in the Fund's prospectus. An investment in unit trusts is subject to investment risks and foreign exchange risks, including the possible loss of the principal amount invested. Investors may wish to seek advice from a financial adviser before making a commitment to invest in Units. In the event an investor chooses not to seek advice from a financial adviser, the investor should consider carefully whether the Fund(s) is/are suitable for him. Please refer to last page for disclaimers 58 FUND FOCUS FIRST HALF 2012

7 United SGD Fund - Class A The investment focus of the Fund is to invest substantially all its assets in money market and short term interest bearing debt instruments and bank deposits with the objective of achieving a yield enhancement over Singapore dollar deposits. ANZ Capital Trust II 5.3% 29/12/49 Noble Grp Ltd 8.5% 30/5/13 Westpac Capital Trst III 5.8% 29/12/49 SK Innovation Co Ltd 7% 19/6/13 SMFG Preferred Capital 2 8.7% 29/5/49 Singapore 34.36% Korea 15.79% Hong Kong 12.28% United States 9.41% China 6.02% Australia 4.61% Others 17.06% Cash 0.47% % Financials 61.55% Industrials 12.82% Energy 8.74% Consumer Discretionary 7.03% Utilities 4.01% Telecom Services 3.58% Others 1.80% Cash 0.47% May 1998 S$ million PRICE S$1.484 Cash,CPF-OA,SA&SRS 0.50% p.a. 2% (Cash,SRS) 2% (CPF-OA,SA) BNP Paribas Trust OUBGPCI SP SG th June 98 To 30th December 11, Based Perf ^ BM in Singapore Dollar. 1 month 0.54% -1.47% 0.02% months 1.09% -0.93% 0.05% 6 months -1.26% -3.24% 0.09% 1 year 0.95% -1.07% 0.22% 3 years 6.06% 5.35% 0.31% 5 years 4.13% 3.71% 0.94% years 3.15% 2.94% 1.20% Since Incept 3.08% 2.92% 1.51% 06/ /00 12/02 03/05 06/07 09/09 Dec 11, SGD basis, with dividends ^ Benchmark and distributions reinvested, if any. yr show the % change, while those month end of the Fund. ^2% sales charge applied. exceeding 1 yr show the average annual Benchmark (BM) : 6-month SIBID rate. The Edge-Lipper SG Fund Awards 11, 10 SG Inv. 01 SG Inv. 00 FIRST HALF 2012 FUND FOCUS 59

8 United Singapore Bond Fund The investment objective of the Fund is to maximise returns over the longer term by investing mainly in SGD-denominated bonds and/or foreign currency-denominated bonds and fixed income/debt securities of all maturities issued in Singapore by the government, statutory bodies, public and private entities, SGD-denominated and/or foreign-currency denominated money market instruments, bond funds and/or time deposits in accordance with the CPF Investment Guidelines. S'Pore Govt Bond 3.2% 1/9/20 S'pore Govt Bond 2.5% 1/6/19 S'Pore Govt Bond 3.5% 1/3/27 S'Pore Govt Bond 3.1% 1/9/22 S'Pore Govt Bond 3% 1/9/24 26th November 04 To 30th December 11, Based in Singapore Dollar. 120 Singapore 97.74% Cash 2.26% % Government 56.10% Financials 17.41% Industrials 16.87% Government Agency 6.09% Consumer Discretionary 1.27% Cash 2.26% Perf ^ BM 1 month 0.00% -2.00% 0.02% 3 months -0.57% -2.55% -0.54% 6 months 3.97% 1.89% 3.52% 1 year 7.32% 5.17% 6.78% 3 years 6.47% 5.75% 3.18% 5 years 4.25% 3.83% 4.45% Since Incept 3.20% 2.91% 3.67% 90 12/04 02/06 04/07 06/08 08/09 10/10 Dec 11, SGD basis, with dividends ^ Benchmark and distributions reinvested, if any. yr show the % change, while those month end of the Fund. ^2% sales charge applied. exceeding 1 yr show the average annual Benchmark (BM) : Singapore Government Bond Index All UOB November 2004 S$79.44 million PRICE S$1.232 Cash & SRS 0.50% p.a. 2% (Cash,SRS) UOBGLSB SP SG FUND FOCUS FIRST HALF 2012