The investment groups of UBS Investment Foundation 2 (AST 2) are only open to occupational pension plans domiciled in Switzerland that are entered in the register of occupational pension plans in accordance with Art. 48 and Art. 61 of the Swiss Federal Law on Occupational Retirement, Survivors’ and Disability Pension Plans. In accordance with the memorandum of understanding concluded in 2004, the investment groups are only subject to withholding tax on dividends from US equities if they do not meet this precondition.
The investment groups of the UBS Investment Foundation 3 are available only in the occupational pension schemes which are registered for professional pensions pursuant to Art.48 of the Federal Pension Funds Law (BVG) in connection with Art. 61 BVG. This condition must be met for asset groups to be released from paying withholding taxes on dividends from American shares, in accordance with the so-called Mutual Agreement of 2004.