StarCapital Bondvalue UI

International bond fund that flexibly exploits opportunities on global bond markets

The focus is on corporate and government bonds as well as covered bonds with the aim of generating attractive total returns with lower volatility

By means of a conservative option strategy, the fund pursues the objective of generating additional positive performance contributions over a fund fiscal year

Please select a share class.

Please find a more detailed description of share classes here.

Investment Focus

ISIN-No. DE0009781872

Thanks to its active rates strategy, the maturities and credit rating profiles of the portfolio are constantly adjusted in response to developments on capital markets. Bonds denominated in foreign currencies and paper from low-rated debtors are bought if they have the potential to produce above-average returns.

Indexed performance (as at: 24.09.2021)

NAV: EUR 66.91 (23.09.2021)


Fonds (Brutto)
01 Jan 2010 - 01 Jan 2010
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Rolling performance (23.09.2021)

A-EURBenchmark
23.09.2020 - 23.09.20211.29%3.65%
23.09.2019 - 23.09.2020-1.49%0.77%
23.09.2018 - 23.09.20193.52%3.81%
23.09.2017 - 23.09.2018-3.93%-2.27%

Annualized performance (23.09.2021)

A-EURBenchmark
1 year1.29%3.65%
3 years1.08%2.73%
5 years0.06%1.62%
Since Inception p.a.4.40%3.28%

Cumulative performance (23.09.2021)

A-EURBenchmark
1M-0.51%0.08%
YTD-0.44%0.60%
1 year1.29%3.65%
3 years3.29%8.43%
5 years0.32%8.37%
Since Inception181.61%117.21%

Annual performance

A-EURBenchmark
20201.21%3.19%
20193.23%6.46%
2018-3.97%-4.25%
2017-0.47%2.70%

Investment Focus

This international bond fund is distinguished by dynamic exploitation of opportunities throughout the global bond universe. Its global mandate allows the bond to invest in the most attractive countries and regions using qualitative and quantitative analytical tactics. Furthermore, thanks to its active rates strategy, the maturities and credit rating profiles of the portfolio are constantly adjusted in response to developments on capital markets. The fund’s flexible mandate allows the fund managers to screen all segments of the global fixed income universe and position the fund accordingly. Bond market inefficiencies are exploited through its anti-cyclical investment philosophy. Bonds issued by low-rated borrowers and bonds denominated in foreign currency can also be held, provided they help to optimize the portfolio or have the potential to generate above-average gains.Show moreShow less

Investment suitability & Risk

Low risk

High risk

The StarCapital Bond value UI fund is particularly suitable for conservative investors with a long-term horizon who want to actively target investment opportunities in international bond markets and who are willing to accept temporarily higher fluctuations in price in return for above-average investment rewards.

General Information

Investment ManagerUniversal-Investment-Gesellschaft mbH
CustodianDonner & Reuschel AG
Fund AdministratorUniversal-Investment-Gesellschaft mbH
AuditorKPMG AG
Launch date15.09.1997
Year end closing31. Dec
NAV CalculationDaily "Forward Pricing"
Cut of time16:00 CET
Management Fee0.90%
Subscription Fee (max.)3.00%
ISIN numberDE0009781872
BloombergWFBVUBV GR
WKN978187
Total expense ratio (TER)1.21% (31.12.2018)

Legal Information

Legal formOGAW-Sondervermögen deutschen Rechts
Redemption periodDaily

Past performance is not a reliable indicator of future results and can be misleading. As the subfund is denominated in a currency that may differ than an investor’s base currency, changes in the rate of exchange may have an adverse effect on prices and incomes. Performance is shown net of fees and expenses for the relevant share class over the reference period. All performance figures reflect the reinvestment of dividends and do not take into account the commissions and costs incurred on the issue and redemption of shares, if any. Individual costs are not taken into account and would have a negative impact on the performance. With an investment amount of EUR 1,000 over an investment period of five years, the investment result in the first year would be reduced by the front-end load of up to EUR 50 (5%) as well as by additional individual custody charges. In subsequent years, the investment result would also be reduced by the individual custody account costs incurred. The reference benchmark of this class is used for performance comparison purposes only (dividend reinvested). No benchmark is directly identical to a subfund, thus the performance of a benchmark is not a reliable indicator of future performance of the subfund it is compared to. There can be no assurance that a return will be achieved or that a substantial loss of capital will not be incurred.Show moreShow less

  • Senior Portfolio Manager

    Klaus Spöri

    As a trained businessman with CEFA certificate, Klaus Spöri worked in different companies as a fund manager and senior portfolio manager (Löwenfinanz AG, LBBW Asset Management, ODDO BHF Asset Management). In 2019, he started as Senior Portfolio Manager Fixed Income at StarCapital